Bitcoins - about to hit $5,000 per coin today!

[gib]

...

Meanwhile ... 5.5

[Dave D]

Sold all between 13,500 and 15,000. Missed selling a the absolute peak, but still made a very nice profit

...

Meanwhile ... 5.5

[Griffith]

 

[Twaddle]

5600
5500
5400
5300
5200
5100

[Theoak*]

5600
5500
5400
5300
5200
5100

Your last couple of analysis seem to indicate higher lows, which is good .

[gib]

5.7

[Theoak*]

5.7

If people start exchanging their tether for btc on Bitfinex expect that price to double.

5800 as we speak.

[gib]

5.8...

[Griffith]

If people start exchanging their tether for btc on Bitfinex expect that price to double.

5800 as we speak.

5800  What a rally!

 

[gib]

5800  What a rally!

 

Yeah up over 300% since it’s low around 3 months ago. Not a bad return for anyone who bought then

[LurkerNoMore]

Isn't other crypto like litecoin or ripple or whatever the fuck they are called supposed to do better?

A lot of people were saying that China was influencing the value.

I just heard this in various places, I don't know exactly what it means.

[el numero uno]

Yeah up over 300% since it’s low around 3 months ago. Not a bad return for anyone who bought then

300%?

At it's lowest point in February, it was at 3360, and now it's at 5834. That's an increase of roughly 74% in 3 months, and annualized it's 900%.

Are you dividing 74 by 3 and then multiplying it by 12? I'm not an expert in finances, but that sounds just wrong.

[Army of One]

Bitfinex, the biggest crypto fiat exchange, is about to get taken down and everyone arrested, they also own tether, which most crypto gets traded from.Fraud everywhere, the NYAG, DOJ, and CFTC are all working together on this, which tells me the fraud, laundering etc runs DEEP.It will destroy the market for the next few years.This current run is just exchanges selling tether for btc, soon they will dump all their btc for fiat.

[gib]

Bitfinex, the biggest crypto fiat exchange, is about to get taken down and everyone arrested, they also own tether, which most crypto gets traded from.Fraud everywhere, the NYAG, DOJ, and CFTC are all working together on this, which tells me the fraud, laundering etc runs DEEP.It will destroy the market for the next few years.This current run is just exchanges selling tether for btc, soon they will dump all their btc for fiat.

Meanwhile ... 5.9

[2ND COMING]

It will destroy the market for the next few years.

So basically get your wallets out 

[gib]

300%?

At it's lowest point in February, it was at 3360, and now it's at 5834. That's an increase of roughly 74% in 3 months, and annualized it's 900%.

Are you dividing 74 by 3 and then multiplying it by 12? I'm not an expert in finances, but that sounds just wrong.

Your formula is correct. The point was making that from the last low to now, on a annualised basis, the return has been huge on a annualised percentage basis. Of course is that not many buy at the exact low - we will only see larger scale mainstream buying once taxi drivers etc again, believe that “Bitcoin is going up again”.

[Army of One]

Meanwhile ... 5.9

What do you think everyone is selling their tether in to?There is 3 billion usd worth of tether out there, which will collapse any day.Bitcoin and eth were always going to rise as people cash out their tether for btc, after btc will drop when everyone sells their btc for fiat.Bitfinex is literally about to collapse,they have been found to have been laundering money for the colombian drug cartel. binance just got hacked, and withdrawels and deposits are suspended for the week.We are going to see mt.gox part 2.You do know the whole 2017 bull run was created by bitfinex printing tether like crazy then buying btc with it?The majority of daily trading is bots trading in and out of tether, actual real human volume is less than 5%.If tether goes down this whole market is finished for years.When tether goes down and 3 billion of liquidity disappears, thats all she wrote.Learn what actually is behind btc.

[gib]

What do you think everyone is selling their tether in to?There is 3 billion usd worth of tether out there, which will collapse any day.Bitcoin and eth were always going to rise as people cash out their tether for btc, after btc will drop when everyone sells their btc for fiat.Bitfinex is literally about to collapse,they have been found to have been laundering money for the colombian drug cartel. binance just got hacked, and withdrawels and deposits are suspended for the week.We are going to see mt.gox part 2.You do know the whole 2017 bull run was created by bitfinex printing tether like crazy then buying btc with it?The majority of daily trading is bots trading in and out of tether, actual real human volume is less than 5%.If tether goes down this whole market is finished for years.When tether goes down and 3 billion of liquidity disappears, thats all she wrote.Learn what actually is behind btc.

Not an expert, but it seems quite likely there were compliance / fraud issues with tether. I would not touch it.

As for exchanges collapsing, this does not bother me. In the long term, there will always be new exchanges and new ways to buy/sell. The lesson for everyone of course, is don't keep your money on an exchange.

Will people sell BTC for fait? Sure some will, but similarly some will actually sell fait and buy BTC (or gold) if they become concerned about the devaluation of their money (or the forceful appropriation of it, eg taxes).  And the market cap for BTC (and for gold) is of course an insignificant blip compared to fait in circulation. So, even just a minute move of global fait into BTC or gold could rocket up the prices of these assets.

I am not a fan or BTC or gold by the way, as I favor income producing assets which I can value. But I think BTC / gold are worth holding as a hedge for extreme scenarios. I think we will get to the point where most HNWs (and even a significant number of middle-income people) will hold a small amout of both "just in case".

[Army of One]

Not an expert, but it seems quite likely there were compliance / fraud issues with tether. I would not touch it.

As for exchanges collapsing, this does not bother me. In the long term, there will always be new exchanges and new ways to buy/sell. The lesson for everyone of course, is don't keep your money on an exchange.

Will people sell BTC for fait? Sure some will, but similarly some will actually sell fait and buy BTC (or gold) if they become concerned about the devaluation of their money (or the forceful appropriation of it, eg taxes).  And the market cap for BTC (and for gold) is of course an insignificant blip compared to fait in circulation. So, even just a minute move of global fait into BTC or gold could rocket up the prices of these assets.

I am not a fan or BTC or gold by the way, as I favor income producing assets which I can value. But I think BTC / gold are worth holding as a hedge for extreme scenarios. I think we will get to the point where most HNWs (and even a significant number of middle-income people) will hold a small amout of both "just in case".

You dont seem to understand, it isnt about if you are bothered or not about exchanges collapsing.Bitfinex is the largest fiat exchange in the world, and they also own tether, if they both go down the whole of the economy holding up btc and crypto collapses like a house of cards.Ill repeat again, the ONLY reason for the 2017 bullrun was because of bitfinex printing tether and buying up btc with it.Again, 95% of cryto transactions are between tether and various cryptos.This is like you saying it doesnt matter if the usd and euro collapse, the world economy will be fine.Go do some reading please.

[gib]

... 6.0

[obsidian]

You dont seem to understand, it isnt about if you are bothered or not about exchanges collapsing.Bitfinex is the largest fiat exchange in the world, and they also own tether, if they both go down the whole of the economy holding up btc and crypto collapses like a house of cards.Ill repeat again, the ONLY reason for the 2017 bullrun was because of bitfinex printing tether and buying up btc with it.Again, 95% of cryto transactions are between tether and various cryptos.This is like you saying it doesnt matter if the usd and euro collapse, the world economy will be fine.Go do some reading please.

“The balance of equities strongly favors Bitfinex and Tether, because a preliminary injunction would not protect anyone but would instead cause great disruption to Bitfinex and Tether — ultimately to the detriment of market participants on whose behalf the Attorney General purports to be acting.”

If the Attorney General is acting on behalf of market participants she should be careful with her actions.

https://www.coindesk.com/bitfinex-nyags-order-is-hurting-our-customers-and-the-crypto-market

https://cointelegraph.com/news/new-york-judge-criticizes-attorney-general-claims-against-bitfinex-tether

[ratherbebig]

... 6.0

are you reminding everybody who paid more than 6.0 (which is nearly everyone) that they lost money?

[Griffith]

are you reminding everybody who paid more than 6.0 (which is nearly everyone) that they lost money?

 

[Twaddle]

are you reminding everybody who paid more than 6.0 (which is nearly everyone) that they lost money?

 

A guy I work with, bought in at 14K.   

Immediately after he purchased, it started tanking.  I always ask him, "How's your Bitcoin doing?"   

[Griffith]

A guy I work with, bought in at 14K.   

Immediately after he purchased, it started tanking.  I always ask him, "How's your Bitcoin doing?"   

Ouch!