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

[LurkerNoMore]

The belief is that an etf, aka exchange traded fund, is the gateway for normal people with no tech knowledge to be able to easily be to buy bitcoin without ever visiting a crypto exchange or knowing what a crypto wallet is, essentially opening the floodgates for the everyday person to buy btc.Everyone ignores the fact there are already bitcoin etfs in europe and nobody uses them.Also the sec will never approve an etf without the amount of manipulation and fraud currently in the market.

Actually I have seen those.  I didn't really know what they were. 

So basically it is just hype?  I see the market is going down now.  It would make sense to wait for it drop more, back to where it was a few weeks ago and then buy in, hoping for the October vote hype to push it back up to higher levels?

[LurkerNoMore]

Yes literary cash for crypto. Meet up. Exchange cash and they zap the coins to you.

Keep in cold storage and access via a trezor.

But why would you want to do it anonymously?  What benefit is there to that?

[Army of One]

But why would you want to do it anonymously?  What benefit is there to that?

Im assuming he doesnt want to pay taxes when he cashes out, which can be up to 50% depending on the country.No record of him buying, no tax man to chase you, and then you can just sell for cash.

[Army of One]

Actually I have seen those.  I didn't really know what they were.  

So basically it is just hype?  I see the market is going down now.  It would make sense to wait for it drop more, back to where it was a few weeks ago and then buy in, hoping for the October vote hype to push it back up to higher levels?

The whole market is hype, none of this crap is being used for anything.The real answer is nobody knows.The market is so manipulated it wouldnt shock anyone who has been in it for years if it went up to 10k in the next few weeks or if it dropped to 5k.This whole run was started by someone market buying 100 million usd worth of btc in an hour or so,without that manipulation the run would never have happened.You dont do that unless you want to move the market up, as normally anyone with that amount of money buys privately otc  meaning over the counter, they dont use an exchange, that way they can buy say 100 million usd worth of btc all at 4900usd say, instead of in an exchange where that 100mill buys from 4900 to 5600, pushing the price up with each buy.

[gib]

The whole market is hype, none of this crap is being used for anything.The real answer is nobody knows.

Indeed this is the case for any asset that produces no yield whether gold, fine art etc. The asset value cannot be measure and is only worth what the last buyer is willing to pay.

7800

[gib]

7900

[gib]

8000

[gib]

Poor old Mr Anabolic and his capitulation theory ...

Oh and 8100.

[ratherbebig]

three bumps in 3 minutes? really? why isnt this idiot banned? on every other msg board there are rules for bumping threads

say i got 1 bitcoin as you suggest everyone to own, why would it going from 7900 to 8100 be of my concern? is it time to sell? no? so whats the point? stop posting shit you mongoloid fuck.

[Theoak*]

Poor old Mr Anabolic and his capitulation theory ...

Oh and 8100.

Where are you reading from?

It broke 8700 just before....

[Irongrip400]

I’ve seen bitcoin ATM machines. No clue how they work or how much coin you can buy. It was in gas station and a quickie mart.

[gib]

three bumps in 3 minutes? really? why isnt this idiot banned? on every other msg board there are rules for bumping threads

say i got 1 bitcoin as you suggest everyone to own, why would it going from 7900 to 8100 be of my concern? is it time to sell? no? so whats the point? stop posting shit you mongoloid fuck.

Move on to another thread if this one is of no interest.

Oh and 8200

[anabolicguru]

I still have no fucking idea what bitcoin is.  Whatever it is, I'm sure the whole thing would go tits up if I ever invested in it.

Its what we all use to buy steroids - Truth

[gib]

I’ve seen bitcoin ATM machines. No clue how they work or how much coin you can buy. It was in gas station and a quickie mart.

You can buy unlimited amount. But there is maybe a max amount per transaction. The margin you pay for conversion from cash to btc will be much higher than on an exchange though.

[gib]

Poor old Mr Anabolic. Not only did he (wrongly) predict the demise of the US stock market
in each of the years 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018 and (so far) 2019, but he has now been proven to also have been wrong on his prediction on the demise of bitcoin.

[gib]

Where are you reading from?

It broke 8700 just before....

I’m naturally very conservative. So when I quote a price update here I factor in daily volatility (as opposed to quoting the very latest obsolete peak.

But ok, I’ll give you 8300

[gib]

Mr A (and others) - go educate yourselves. Good podcast here that address many of the false things doubters have claimed in the past.

[Irongrip400]

Mr A (and others) - go educate yourselves. Good podcast here that address many of the false things doubters have claimed in the past.

Didn’t you get out of bitcoin and then claim it was a scam/pyramid scheme that you were part of?

[TheGrinch]

three bumps in 3 minutes? really? why isnt this idiot banned? on every other msg board there are rules for bumping threads

say i got 1 bitcoin as you suggest everyone to own, why would it going from 7900 to 8100 be of my concern? is it time to sell? no? so whats the point? stop posting shit you mongoloid fuck.

Needs to be reported to the SEC for continual pump and dump imo

[gib]

Needs to be reported to the SEC for continual pump and dump imo

What an idiot comment. The chairman of the SEC has himself publicly stated that BTC is not a regulated security. Further I am not pumping - just stating facts. And indeed have no intention of dumping this time around. Indeed I just bought more a few days ago.

I maintain that every person should consider owning a little BTC. Who knows what the future holds. BTC has now survived 10 years with the ledger entirely intact. And is gradually asserting itself as a universal store of value free from any kind of ability to be debased by government money printing.

[gib]

Oh and 8400.

[gib]

Didn’t you get out of bitcoin and then claim it was a scam/pyramid scheme that you were part of?

Partially correct. Yes I got out last time at around 15K (on the way down) and took some nice gains and posted that I had done this in the interests of transparency. I then also posted when I rebought (at 5k).

As for being a scam/pyramid scheme you are confusing concepts. What I have explained, many times, is that as BTC provides no yield it is an inherent bubble (just like gold). It’s value is entirely dependent on what the next person will pay. As such it’s value could climb almost infinitely high, or go to literally zero.

[gib]

three bumps in 3 minutes? really? why isnt this idiot banned? on every other msg board there are rules for bumping threads

say i got 1 bitcoin as you suggest everyone to own, why would it going from 7900 to 8100 be of my concern? is it time to sell? no? so whats the point? stop posting shit you mongoloid fuck.

First of all, if you don’t like this thread please move on - perhaps the who is getbigs best gay icon thread is of more interest. Or if interested in Mongoloids go to Genova’s youtube channel.

Also, you might just notice that I only post a value update when the price has risen,’and then only in multiples of 100. Didums if you feel upset at missing out on the fun. There still plenty of time now to come join the party. Please tell Mr A he’s also invited.

Oh and 8500

[ratherbebig]

First of all, if you don’t like this thread please move on - perhaps the who is getbigs best gay icon thread is of more interest. Or interested in Mongoloids go to Genova’s youtube channel.

Also, you might just notice that I only post a value update when the price has risen,’and then only in multiples of 100. Didums if you feel upset at missing out on the fun. There still plenty of time now to come join the party. Please tell Mr A he’s also invited.

Oh and 8500

again you advice that people have 1 bitcoin. say they buy it at 8500 dollars. when should they sell it? at 9500? 10500? 20500? how long is that gonna take? years? and for what a few thousand dollar profit? what they gonna do with that? buy a shitty used car?

this is totally meaningless. nobody is getting rich outta this shit. it doesnt affect peoples lives one bit. very high risk to reward ratio (as you know, otherwise you would invest in it big time yourself and you never have and never will)

why do you spend so much time on this shitty meaningless currency? get a life.

[ratherbebig]

here's what you can do instead of buying bitcoins

work extra every saturday and earn $100

52 weeks = $5200. do that for 20 years = $104000 - not bad for just working 1 day a week.

money guaranteed.

no risk.

why not make a thread about that. GUARANTEED MONEY! EARN THOUSANDS OF DOLLARS! MINIMUM WORK REQUIRED! JUST 1 DAY OUTTA 7!