Author Topic: Bitcoins - about to hit $5,000 per coin today! (Read 1124728 times)

gib · « **Reply #2875 on:** June 21, 2019, 04:19:03 PM »

Quote from: polychronopolous on June 21, 2019, 02:33:50 PM

Can't wait to see Warren Buffett's glasses fog over when BTC passes 20k.

Lol let’s see what he and Charlie say. I am huge Buffet fan. To his defence his main point is that he doesn’t need to be right about everything or need to understand everything - rather all he needs to do is to be right about where he puts his own money. (And In being right about that he has been super successful).

He’s not a fan on any asset that does not produce a yield be it art, gold or BTC. He did say he thinks BTC will likely come to a bad end, but I think he may acknowledge soon that people have indeed collectively agreed on BTC as a universal store of value.

Theoak* · « **Reply #2876 on:** June 21, 2019, 04:40:40 PM »

10000 breached. Even if temporary, hello btc my old friend.

gib · « **Reply #2877 on:** June 21, 2019, 04:42:01 PM »

And now ...

9100
9200
9300
9400
9500
9600
9700
9800
9900 ...

Theoak* · « **Reply #2878 on:** June 21, 2019, 05:22:28 PM »

Quote from: a_pupil on June 21, 2019, 02:35:55 PM

I'll be bumping this thread during the dump phase like gib is doing now

Yes please do, encourage your friends and family to buy at the dip while you’re at it. Help is always appreciated maintaining and exceeding resistance points. Thank you

gib · « **Reply #2879 on:** June 21, 2019, 06:40:10 PM »

$10,000!!!

Yeah now let’s watch it blast through this number as mainstream mum and dads start to get the confidence to buy. (Of course as getbiggers we will already have bought in by now ...)

Wiggs · « **Reply #2880 on:** June 21, 2019, 06:51:58 PM »

10k reached!
Its moon time baby!
FOMO will be induced!

XRP will soon have it's time. Soon! Soon!...

gib · « **Reply #2881 on:** June 21, 2019, 07:00:17 PM »

Quote from: Wiggs on June 21, 2019, 06:51:58 PM

10k reached!
Its moon time baby!
FOMO will be induced!

XRP will soon have it's time. Soon! Soon!...

We will never the words of our visionary Mr Anabolic (even is they were said jest - the irony being his may be the one thing he was actually right about 😂

“First .$01, then $1, then $10, then $100, then $1000, then $10,000, then $100,000...

Zillotch · « **Reply #2882 on:** June 21, 2019, 07:06:37 PM »

anyone promoting this tech is super dumb, blind or evil. clutch ur pennies, phaggots – while u can.

Wiggs · « **Reply #2883 on:** June 21, 2019, 07:19:56 PM »

Quote from: Zillotch on June 21, 2019, 07:06:37 PM

anyone promoting this tech is super dumb, blind or evil. clutch ur pennies, phaggots – while u can.

It is inevitable and I'm going to profit largely from it. I've been into this shit since Silk Road and missed out twice I'm not missing out this time. There's a once in a lifetime opportunity for the masses. Its Bitcoin, Ripple/XRP and Etherium. Those are the big boys. XRP will be as common as saying google.

Zillotch · « **Reply #2884 on:** June 21, 2019, 07:35:16 PM »

Quote from: Wiggs on June 21, 2019, 07:19:56 PM

I'm going to profit largely from it

no, u wont... unless, of course – u r willing to play ball: 'and that no man might buy or sell, save he that had the mark'.. all its going to cost u is eternal hellfire.

gib · « **Reply #2885 on:** June 21, 2019, 07:49:11 PM »

Quote from: Zillotch on June 21, 2019, 07:35:16 PM

no, u wont... unless, of course – u r willing to play ball: 'and that no man might buy or sell, save he that had the mark'.. all its going to cost u is eternal hellfire.

$10100. That that to your hellfire ...

obsidian · « **Reply #2886 on:** June 21, 2019, 08:11:13 PM »

Quote from: Wiggs on June 21, 2019, 07:19:56 PM

It is inevitable and I'm going to profit largely from it. I've been into this shit since Silk Road and missed out twice I'm not missing out this time. There's a once in a lifetime opportunity for the masses. Its Bitcoin, Ripple/XRP and Etherium. Those are the big boys. XRP will be as common as saying google.

Yes Ethereum has gone past $300 now. I own most major cryptos except for BTC and LTC. I don't think it matter though they all are going up and down in tandem. If I had traded ETH for BTC when BTC was $3000 I would have gotten little because ETH was $85. You gotta trade when the ratio is favourable. If the ratio of ETH:BTC is 10:1 then I might grab some BTC again.

I do think there is a bigger margin of growth with ETH. For Bitcoin to go from $10,000 - $20,000 will be possible but it is easier for ETH to go from $300-$600 or even $1000. Ethereum also has a lot of upgrades coming and you can see all the major announcements recently on Forbes about Ethereum projects.

Wiggs · « **Reply #2887 on:** June 21, 2019, 08:19:57 PM »

Quote from: Zillotch on June 21, 2019, 07:35:16 PM

no, u wont... unless, of course – u r willing to play ball: 'and that no man might buy or sell, save he that had the mark'.. all its going to cost u is eternal hellfire.

Believe me, I've thought this through. I'm sure I'll get rich and at some point during my lifetime I'll have to take the chip or tattoo. I will not. I lm willing to give it all up. I value my soul more.

gib · « **Reply #2888 on:** June 21, 2019, 08:24:50 PM »

Quote from: obsidian on June 21, 2019, 08:11:13 PM

Yes Ethereum has gone past $300 now. I own most major cryptos except for BTC and LTC. I don't think it matter though they all are going up and down in tandem. If I had traded ETH for BTC when BTC was $3000 I would have gotten little because ETH was $85. You gotta trade when the ratio is favourable. If the ratio of ETH:BTC is 10:1 then I might grab some BTC again.

I do think there is a bigger margin of growth with ETH. For Bitcoin to go from $10,000 - $20,000 will be possible but it is easier for ETH to go from $300-$600 or even $1000. Ethereum also has a lot of upgrades coming and you can see all the major announcements recently on Forbes about Ethereum projects.

Maybe. On the other hand, we might see the market continue to gravitate towards a single crypto. And if so BTC may very easily be it.

As for you saying it’s harder for BTC to move from 10k to 20k as its “expensive” we will in the future see people talking in denominations of santoshi’s (just like we talk about ounces of gold as opposed to tons).

Right now you can buy 10000 santoshi’s for around $1 USD. So still “cheap” if you want to think about it like that ...

obsidian · « **Reply #2889 on:** June 21, 2019, 09:10:53 PM »

Quote from: gib on June 21, 2019, 08:24:50 PM

Maybe. On the other hand, we might see the market continue to gravitate towards a single crypto. And if so BTC may very easily be it.

As for you saying it’s harder for BTC to move from 10k to 20k as its “expensive” we will in the future see people talking in denominations of santoshi’s (just like we talk about ounces of gold as opposed to tons).

Right now you can buy 10000 santoshi’s for around $1 USD. So still “cheap” if you want to think about it like that ...

That's interesting about Satoshi's.

But I don't think BTC will be the one and only. As a store of value it has purpose. But cryptos are headed for mainstream transactions. BTC is slow and expensive with transactions. Ethereum will move to Proof of Stake instead of Proof of Work in the not too distant future. That will lower the energy consumption by 99% I believe. They are also striving to make it much faster with talks of 1 million transactions per second. Proof of stake will drive up the price of Ethereum because people will have an incentive to hold onto their ETH instead of selling it. This will drive up supply and demand.

gib · « **Reply #2890 on:** June 21, 2019, 09:25:13 PM »

Quote from: obsidian on June 21, 2019, 09:10:53 PM

That's interesting about Satoshi's.

But I don't think BTC will be the one and only. As a store of value it has purpose. But cryptos are headed for mainstream transactions. BTC is slow and expensive with transactions. Ethereum will move to Proof of Stake instead of Proof of Work in the not too distant future. That will lower the energy consumption by 99% I believe. They are also striving to make it much faster with talks of 1 million transactions per second. Proof of stake will drive up the price of Ethereum because people will have an incentive to hold onto their ETH instead of selling it. This will drive up supply and demand.

Yes quite possible. Although even in terms of transactions we may see a lightening network that operates “off ledger” for BTC and then reconciles daily, for example or a modification of the code to enable faster transactions. Let’s see. Lots of scenarios. I’m keeping it simple and taking a punt on BTC becoming the most desired crypto for store of value.

gib · « **Reply #2891 on:** June 22, 2019, 01:01:28 AM »

10200

Theoak* · « **Reply #2892 on:** June 22, 2019, 05:35:43 AM »

11000

gib · « **Reply #2893 on:** June 22, 2019, 05:53:59 AM »

Quote from: Theoak* on June 22, 2019, 05:35:43 AM

11000

Stop it. You r stealing my thunder!

Twaddle · « **Reply #2894 on:** June 22, 2019, 07:54:43 AM »

Serious question for the crypto guys. At 08:32, the price was 11,045. At 08:36, the price was 10,328.

That is a 6.5% loss is 4 minutes. How does this happen? Did a whale make a huge sale or something? Can a large sale drive the price down that much?

Just trying to learn what causes the massive ups and downs with bitcoin.

gib · « **Reply #2895 on:** June 22, 2019, 08:55:31 AM »

Quote from: Twaddle on June 22, 2019, 07:54:43 AM

Serious question for the crypto guys. At 08:32, the price was 11,045. At 08:36, the price was 10,328.

That is a 6.5% loss is 4 minutes. How does this happen? Did a whale make a huge sale or something? Can a large sale drive the price down that much?

Just trying to learn what causes the massive ups and downs with bitcoin.

Very simple. There is limited supply. Very limited. All existing owner want to hodl. Anyone new wanting in needs to pay a premium. If you believe BTC is going to 100,000 and beyond you don’t care if you r paying 10k or 11k per coin. All you want is in. So you pay whatever it takes.

gib · « **Reply #2896 on:** June 22, 2019, 08:56:07 AM »

Oh and 10300...

Twaddle · « **Reply #2897 on:** June 22, 2019, 08:59:52 AM »

Quote from: gib on June 22, 2019, 08:55:31 AM

Very simple. There is limited supply. Very limited. All existing owner want to hodl. Anyone new wanting in needs to pay a premium. If you believe BTC is going to 100,000 and beyond you don’t care if you r paying 10k or 11k per coin. All you want is in. So you pay whatever it takes.

That didn't answer my question at all. I'll ask again. What causes Bitcoin to lose 6.5% of it's value in 4 minutes? Then, it starts going right back up. You don't see these fluctuations in the rest of the stock market.

gib · « **Reply #2898 on:** June 22, 2019, 09:49:25 PM »

We would need to look at volumes to know if it was a whale. BTC can also move up on very low volume. If sellers dry up and collectively hodl prices can rocket on any demand.

a_pupil · « **Reply #2899 on:** June 23, 2019, 12:38:30 PM »

so I've cracked and decided to get in for the bullrun

I'm thinking of putting 2k gbp into ethereum and 2k gbp into bitcoin cash as they seem far away from their peaks during the last bullrun (whereas bitcoin is about 60% there)

what do our residential financial analysts think of these two choices?