Author Topic: BTC - Rise from $800 - I told you so (Read 8698 times)

_aj_ · « **Reply #25 on:** January 05, 2017, 04:19:54 AM »

http://www.bitcoinnotbombs.com/bitcoin-vs-the-nsas-quantum-computer/

Things like this keep me out for now. Could a working quantum computer destroy BTC? It kinda comes down to whether or not somebody devises a quantum algorithm to crack SHA-256. Not trivial, but not impossible. The entirety of the BTC rests on the integrity of one single hashing algorithm.

Mr Anabolic · « **Reply #26 on:** January 05, 2017, 05:33:09 AM »

Quote from: muscleman-2013 on January 04, 2017, 10:45:20 PM

Current price $1,166.44

I am holding

Today's low: $887

Ooooops... whaaaa happened?

Forget about speed... GREED kills.

El Diablo Blanco · « **Reply #27 on:** January 05, 2017, 06:51:29 AM »

Quote from: _aj_ on January 05, 2017, 04:19:54 AM

http://www.bitcoinnotbombs.com/bitcoin-vs-the-nsas-quantum-computer/

Things like this keep me out for now. Could a working quantum computer destroy BTC? It kinda comes down to whether or not somebody devises a quantum algorithm to crack SHA-256. Not trivial, but not impossible. The entirety of the BTC rests on the integrity of one single hashing algorithm.

They had to pick an encryption level that is strong but also doesn't take hours to unlock if you have the key. Sure you can lock something down to where it's impossible to hack but then it's not practical or useful to anyone. Computing will eventually solve this and bitcoin will just go away. People realized, why hack bitcoin when you can just hack the exchanges. A lot easier.

denarii · « **Reply #28 on:** January 05, 2017, 08:42:49 AM »

muscleman-2013 · « **Reply #29 on:** January 05, 2017, 12:53:41 PM »

Ha ha save the scare tactics for a better day

a natural correction to BTC: $962.51

and it will probably go up again soon

Mr Anabolic · « **Reply #30 on:** January 05, 2017, 01:08:55 PM »

Quote from: muscleman-2013 on January 05, 2017, 12:53:41 PM

Ha ha save the scare tactics for a better day

a natural correction to BTC: $962.51

and it will probably go up again soon

I got some tulip bulbs to sell you.

NickEdge779 · « **Reply #31 on:** January 05, 2017, 02:57:57 PM »

Damn, I remember just a few months ago when I bought some gear with a Bitcoin and it was no where near $1000 for a BTC.

muscleman-2013 · « **Reply #32 on:** January 05, 2017, 05:29:52 PM »

Quote from: Mr Anabolic on January 05, 2017, 01:08:55 PM

I got some tulip bulbs to sell you.

no thanks

current price BTC: $1,028.20

i'm doing fine

syntaxmachine · « **Reply #33 on:** January 05, 2017, 08:34:30 PM »

I think it's more important to focus on the long-term potential of bitcoin as either digital gold or a seamless transaction system than price swings. The aforementioned is why the price has increased since inception and there are encouraging signs of genuine technical progress soon.

chokeslam · « **Reply #34 on:** January 05, 2017, 08:45:41 PM »

Get ready for a wild ride if you're just getting into BTC now. If you buy, HODL! lol

Don't worry if it drops. If you've purchased BTC in the last few years there would have been ups and downs, but it's continually moved up and will continue to do so. Buy. Hold. Forget about it.

Mr Anabolic · « **Reply #35 on:** January 06, 2017, 03:56:17 AM »

$885... and going down!

Mr Anabolic · « **Reply #36 on:** January 06, 2017, 03:58:09 AM »

Quote from: chokeslam on January 05, 2017, 08:45:41 PM

Get ready for a wild ride if you're just getting into BTC now. If you buy, HODL! lol

Don't worry if it drops. If you've purchased BTC in the last few years there would have been ups and downs, but it's continually moved up and will continue to do so. Buy. Hold. Forget about it.

Another 'something for nothing' tech nerd snowflake. You morons deserve to get your clocks cleaned.

muscleman-2013 · « **Reply #37 on:** January 06, 2017, 04:05:08 AM »

Quote from: Mr Anabolic on January 06, 2017, 03:58:09 AM

Another 'something for nothing' tech nerd snowflake. You morons deserve to get your clocks cleaned.

heheheh

btc still worth 855.00

that's PROFIT even now

and it will go back up SOON

Mr Anabolic · « **Reply #38 on:** January 06, 2017, 04:29:12 AM »

Gordon Gekko sits on real wealth, not digital electrons in cyberspace with no tangible value.

Mr Anabolic · « **Reply #39 on:** January 11, 2017, 04:23:56 AM »

Now $779 and dropping fast.

Erik C · « **Reply #40 on:** January 11, 2017, 10:39:51 AM »

The DIA got hacked.

The CIA got hacked.

The NSA got hacked.

Bitcoin can't be hacked?

Someone is counterfeiting Bitcoins!

Bet on it!

muscleman-2017 · « **Reply #41 on:** February 03, 2017, 04:09:30 AM »

Quote from: Mr Anabolic on January 11, 2017, 04:23:56 AM

Now $779 and dropping fast.

BTC right now is worth....

wait for it.......

OVER ONE THOUSAND DOLLARS

Mr Anabolic · « **Reply #42 on:** February 03, 2017, 04:45:11 AM »

Quote from: muscleman-2017 on February 03, 2017, 04:09:30 AM

BTC right now is worth....

wait for it.......

OVER ONE THOUSAND DOLLARS

The smart thing for you to do now is sell and buy some real, tangible assets.

muscleman-2017 · « **Reply #43 on:** February 22, 2017, 10:48:18 PM »

Bitcoin is closing in on its all-time high

Buying early on in US trade has run bitcoin up 1.4%, or almost $16, to $1,123 a coin. Wednesday's bid has the cryptocurrency higher for a ninth straight session and threatening its all-time high of about $1,161.88.

The recent strength in bitcoin comes amid speculation the Securities and Exchange Commission will approve at least one of the three proposed bitcoin-focused exchange-traded funds despite analyst concerns that none will be approved.

Bitcoin has soared more than 40% since bottoming out on January 11 following word that China was going to begin cracking down on trading of the cryptocurrency. That rally has come despite news that China's largest exchanges would begin charging a flat fee of 0.2% on all transactions and that two of China's largest bitcoin exchanges were blocking withdrawals.

For the year, bitcoin is up about 18%.

http://www.businessinsider.com/bitcoin-price-nearing-all-time-high-february-22-2017-2017-2/?r=AU&IR=T

Mr Anabolic · « **Reply #44 on:** February 23, 2017, 04:20:42 AM »

Quote from: muscleman-2017 on February 22, 2017, 10:48:18 PM

Bitcoin is closing in on its all-time high

Buying early on in US trade has run bitcoin up 1.4%, or almost $16, to $1,123 a coin. Wednesday's bid has the cryptocurrency higher for a ninth straight session and threatening its all-time high of about $1,161.88.

The recent strength in bitcoin comes amid speculation the Securities and Exchange Commission will approve at least one of the three proposed bitcoin-focused exchange-traded funds despite analyst concerns that none will be approved.

Bitcoin has soared more than 40% since bottoming out on January 11 following word that China was going to begin cracking down on trading of the cryptocurrency. That rally has come despite news that China's largest exchanges would begin charging a flat fee of 0.2% on all transactions and that two of China's largest bitcoin exchanges were blocking withdrawals.

For the year, bitcoin is up about 18%.

http://www.businessinsider.com/bitcoin-price-nearing-all-time-high-february-22-2017-2017-2/?r=AU&IR=T

Merely digital electrons in outer space. No electricity/internet = no bitcoin.

I've theorized for some time now that bitcoin is a government creation... a beta test for a global digital fiat currency... fully traceable and controlled. This is why governments have not banned it. Do you honestly believe any government would allow something to exist that competes with their physical fiat currency?.. of course not. Governments hate cash and want to do away with it because they cannot tax, track and control all transactions. This block chain nonsense is just a fairy tale to make people believe bitcoin is non-traceable, anti-banker and anti-government... when in reality it's exactly the opposite. All digital currency is a governments wet dream... any dissenters or law breakers funds can essentially be frozen. Bitcoin devotees have been completely fooled.

FitnessFrenzy · « **Reply #45 on:** February 23, 2017, 05:03:15 AM »

Quote from: Mr Anabolic on February 23, 2017, 04:20:42 AM

Merely digital electrons in outer space. No electricity/internet = no bitcoin.

I've theorized for some time now that bitcoin is a government creation... a beta test for a global digital fiat currency... fully traceable and controlled. This is why governments have not banned it. Do you honestly believe any government would allow something to exist that competes with their physical fiat currency?.. of course not. Governments hate cash and want to do away with it because they cannot tax, track and control all transactions. This block chain nonsense is just a fairy tale to make people believe bitcoin is non-traceable, anti-banker and anti-government... when in reality it's exactly the opposite. All digital currency is a governments wet dream... any dissenters or law breakers funds can essentially be frozen. Bitcoin devotees have been completely fooled.

a lot of speculation if you ask me.

manuelsonn · « **Reply #46 on:** February 23, 2017, 05:06:51 AM »

https://www.technologyreview.com/s/603295/why-bitcoins-1000-value-doesnt-matter/

falco · « **Reply #47 on:** February 23, 2017, 05:16:42 AM »

Buy gold. Store it in a safe place.

Taffin · « **Reply #48 on:** February 23, 2017, 10:58:49 AM »

Quote from: falco on February 23, 2017, 05:16:42 AM

Buy gold. Store it in a safe place.

And tinned food, water and guns. Lots of guns....

muscleman-2017 · « **Reply #49 on:** February 23, 2017, 12:46:38 PM »

Bitcoin busts out to an all-time high

Bitcoin is trading at a record high. Buying on Thursday has the cryptocurrency up 3%, or $33.37, to $1162.68 a coin, and on track for its 10th straight day of gains. Its previous all-time high of $1,161.88 was set on January 5.

Buyers have been piling into bitcoin in anticipation the US Securities and Exchange Commission will approve at least one of the three proposed bitcoin-focused exchange-traded funds by a March 11 deadline. Analysts have warned that none will be approved.

The current rally in bitcoin has run the price up more than 17% and has been the latest chapter in a volatile start to the year. Bitcoin surged more than 20% in the first week of 2017 amid heavy buying interest from China. Then, the price crashed 35% amid fears China was going to crack down on trading.

After bottoming out near $750 a coin, the cryptocurrency rallied despite news that China's largest exchanges would begin charging a flat fee of 0.2% on all transactions and that two of China's largest bitcoin exchanges were blocking withdrawals.

http://www.businessinsider.com/bitcoin-price-february-23-2017-2017-2/?r=AU&IR=T