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Author Topic: Bitcoins - about to hit $5,000 per coin today!  (Read 120739 times)
polychronopolous
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« Reply #1575 on: January 02, 2018, 12:31:50 PM »

I'm thinking of trading my bit of bitcoin for ethereum.

What is the point to hold bitcoin now? It's not really usable as a currency.

Exciting technology that is applicable to the economy.

Super young, rock star founder in Vitalik Buterin.

Sky is the limit with Ethereum.

Iím HODL all the way.

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tres_taco_combo
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« Reply #1576 on: January 02, 2018, 12:57:46 PM »

ripple

if you invested $5k in 2016 it would be worth $31 mil today  Embarrassed
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el numero uno
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« Reply #1577 on: January 02, 2018, 01:53:49 PM »

Every asset price is a function of ďspeculationĒ.

Nice logic.

lol wat Huh

Do you really think other assets are affected by speculation to the same degree as bitcoin?

Is it normal for you to see an asset appreciate 1200% a year?

You're delusional.
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gib
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« Reply #1578 on: January 02, 2018, 03:26:31 PM »

lol wat Huh

Do you really think other assets are affected by speculation to the same degree as bitcoin?

Is it normal for you to see an asset appreciate 1200% a year?

You're delusional.

All assets are speculative. Bitcoin more than some and less than others.

Hope that helps. Reality, not delusion.
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polychronopolous
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« Reply #1579 on: January 02, 2018, 04:57:36 PM »

I must say, even though I do not have any money invested in bitcoin, I much prefer this thread when it is hitting new highs and gib is giving updates every so often.

It just gets my juices flowing.
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Bevo
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« Reply #1580 on: January 02, 2018, 05:28:09 PM »

All assets are speculative. Bitcoin more than some and less than others.

Hope that helps. Reality, not delusion.

bitcoin keeps going up  Grin

Silly question here but whatís the difference between bitcoin which is btc and bitcoin cash bth?
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Zillotch
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« Reply #1581 on: January 02, 2018, 06:01:12 PM »

I much prefer this thread when it is hitting new highs and gib is giving updates every so often.

It just gets my juices flowing.

try blowing the defunct brain matter out the back of ur useless skull, lotta juice lol
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polychronopolous
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« Reply #1582 on: January 02, 2018, 06:09:59 PM »

try blowing the defunct brain matter out the back of ur useless skull, lotta juice lol

Hey! You little rascal!  Cheesy Smiley
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Slapper
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« Reply #1583 on: January 02, 2018, 07:05:15 PM »

Fellas, do you know of a crypto wallet that can hold BTC, LTC, ETH, XRP, ADA and EOS?
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jr
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« Reply #1584 on: January 02, 2018, 10:23:43 PM »

bitcoin keeps going up  Grin

Silly question here but whatís the difference between bitcoin which is btc and bitcoin cash bth?

Bitcoin has a block size of 1 megabyte and bitcoin cash has 8 megabytes. The blocks are where transactions get recorded, on a "blockchain" which is a series of blocks connected in time one after the other. These blocks are made every 10 minutes or so.

This means during times of large amounts of transactions (like the past few months), the Bitcoin 1 MB block gets filled up quickly and there are lots of left over transactions that end up in a buffer until the next block. People who pay the highest fees get priority. This is why fees are so high and transactions slow with bitcoin because so many people are bidding with fees to get the transaction confirmed quickly.

If you put a fee too low, your transaction might take days or weeks to get into the next block. If you want your transaction to make it in the next 10 minutes block you need a $20 fee at the moment due to too much demand on the system.

Bitcoin Cash has 8 MB block, so at the moment every transaction gets recorded into the next block within 10 minutes with a few cents fee because there is so much space in the block.

That's the main difference. Bitcoin is pretty much useless for buying stuff due to the fees and slowness. Bitcoin cash works much better for that.

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gib
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« Reply #1585 on: January 02, 2018, 11:08:55 PM »

I must say, even though I do not have any money invested in bitcoin, I much prefer this thread when it is hitting new highs and gib is giving updates every so often.

It just gets my juices flowing.

Hang it there. New highs are on the way Smiley
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Bevo
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« Reply #1586 on: January 03, 2018, 12:17:50 AM »

Bitcoin has a block size of 1 megabyte and bitcoin cash has 8 megabytes. The blocks are where transactions get recorded, on a "blockchain" which is a series of blocks connected in time one after the other. These blocks are made every 10 minutes or so.

This means during times of large amounts of transactions (like the past few months), the Bitcoin 1 MB block gets filled up quickly and there are lots of left over transactions that end up in a buffer until the next block. People who pay the highest fees get priority. This is why fees are so high and transactions slow with bitcoin because so many people are bidding with fees to get the transaction confirmed quickly.

If you put a fee too low, your transaction might take days or weeks to get into the next block. If you want your transaction to make it in the next 10 minutes block you need a $20 fee at the moment due to too much demand on the system.

Bitcoin Cash has 8 MB block, so at the moment every transaction gets recorded into the next block within 10 minutes with a few cents fee because there is so much space in the block.

That's the main difference. Bitcoin is pretty much useless for buying stuff due to the fees and slowness. Bitcoin cash works much better for that.




Ok thanks, so just invest money in both? Haha
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gib
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« Reply #1587 on: January 03, 2018, 12:21:11 AM »

Peter Thiel starts to invest in Bitcoin ...

www.coindesk.com/report-founders-fund-boasts-hundred-million-dollar-return-with-bitcoin-bet/
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gib
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« Reply #1588 on: January 03, 2018, 12:25:24 AM »


Ok thanks, so just invest money in both? Haha

Yes. Both. Buy bitcoin and hold any forks, derivatives and modifications.
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Bevo
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« Reply #1589 on: January 03, 2018, 12:29:15 AM »

Yes. Both. Buy bitcoin and hold any forks, derivatives and modifications.

So invest the same in each or is there an advantage long term one over the other?
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gib
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« Reply #1590 on: January 03, 2018, 12:30:41 AM »


ďThiel was quoted saying he believes the critics of bitcoin are "underestimating" the cryptocurrency and that bitcoin is like gold Ė meaning it has more potential as a long-term store of value than as an everyday payment method.Ē
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gmflex
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You rebel scum.....


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« Reply #1591 on: January 03, 2018, 06:17:07 AM »

Not familiar with that particular machine but yes bitcoin ATM machines are popping up all over the place. You can buy and sell btc via these machines in any country. Easy.

Coinme.com ATM fee is 10% to buy bitcoins
Thoughts on the fee?
About right?
Too much?

Also what happens if the ATM is removed from the mall?

Can you continue to have access to your money in your coinme wallet?
To purchase and sell using your coinme wallet on the internet??
 Are your able to use your coinme wallet to buy from other companies?
Example coinbase etc...
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Mr Anabolic
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« Reply #1592 on: January 03, 2018, 12:08:18 PM »

Hang it there. New highs are on the way Smiley

Like I said several pages ago, blipcoin has been played out. 

The crypto gamblers are moving into the lower cost coins. 

The human greed factor is very seductive... and foolish.   

All of this will eventually end... badly.
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Mr Anabolic
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« Reply #1593 on: January 03, 2018, 12:12:05 PM »


Guy has billions and wants more money.  Pure greed.  Peter the great can afford to lose 20 million dollars if blipcoins go to zero. 
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gib
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« Reply #1594 on: January 03, 2018, 04:29:57 PM »

Guy has billions and wants more money.  Pure greed.  Peter the great can afford to lose 20 million dollars if blipcoins go to zero. 

Yes correct. (And by the way any investment has ďgreadĒ as a motivator. Thatís the entire point - we want to turn money into more money).

He has made huge amounts and been an investor in many companies that have risen massively in value:

Facebook, PayPal, Airbnb, space x, Lyft, etc so yeah with his visionary track record can afford to lose more than just a bit.

This is his first investment in an actual crypto currency though. (And note itís bitcoin and nothing else - I have explained the rationale for this line of thinking earlier).

Itís well worth noting that he serves on the president Trumpís US technology advisory council. (What does that tell you about what he knows and what he will be advocating).
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tres_taco_combo
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« Reply #1595 on: January 03, 2018, 04:51:04 PM »

the standard cryptos are out and about

eventually China and Russia will introduce their own

i want in on this russian one that putin will engineer.  that is the one i am waiting on

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El Diablo Blanco
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« Reply #1596 on: January 03, 2018, 05:01:15 PM »

Gib. Stop
Posting positive press about bitcoin from guys who themselves are invested in it. I give you props. You rode this out when everyone said to sell but you might want to now unless you donít care if it goes down below $1000 again.
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robcguns
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« Reply #1597 on: January 03, 2018, 05:07:15 PM »

Exciting technology that is applicable to the economy.

Super young, rock star founder in Vitalik Buterin.

Sky is the limit with Ethereum.

Iím HODL all the way.



Exactly,Euthereum is gonna blow the fuck up.Almost 1000 now.crazy times.
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SF1900
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« Reply #1598 on: January 03, 2018, 05:14:55 PM »

Bitcoin price back up to over 15k!!

Go GIB!
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gib
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« Reply #1599 on: January 03, 2018, 06:42:12 PM »

Gib. Stop
Posting positive press about bitcoin from guys who themselves are invested in it. I give you props. You rode this out when everyone said to sell but you might want to now unless you donít care if it goes down below $1000 again.

Thanks. I would be fine if it went to 1k. It could theoretically go to zero.

What I will probably do is sell a single coin at 20K and then Iíve basically covered my entire initial investment costs.

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