So I'm here to pickup that 300 BTC.... JK, I did buy into crypto way back earlier this year (Bitcoin, Eth, Litecoin, Iota, Ark, Eos) etc.......Its weird looking back at the posts now, swear I was going to buy Bitcoin back then to but I never knew how and got sketched out. PS: Not here to start drama, (havent posted on this site since the day I was terminated, I dont even lurk)
The 10000 btc used to purchase the now infamous Bitcoin pizza in 2009 is worth $99,400,000 today. I hope it was a delicious pie.
Huge sell wall, its actually selling for 10K+ 11K+ and 12k+ in other parts of the world right now. Going out on a limb and predict we hit 75k+ in 2018. Demand skyrockets, supply becomes more and more limited as people continue to hold, etc. Coinbase is about to open up the large transactions for the banks, hedge funds, etc. If you have a chance, there is a guy out there name Cliff High who produces web bot charts, which have been extremely accurate. Back when the price was $3,400 he said it would rise to 7k, dip and then proceed onward to 13.4k by February. His date shows in February to that is when the serious explosion will begin to occur, when Bitcoin becomes very main stream and the price skyrockets up. A lot of the alt coins are doing extremely well to. I hope you own some.
Hours after reaching 10k, it reaches 11k. There was a huge sell wall at 10k that took a while to break through, but it obviously lead to the huge run. Im expecting a pull back later today or tomorrow, but who knows, this could keep going strong until 15k.......unreal, exceeding even the wildest expectations.
It's hard to say. I still believe that a virtual currency is inherently unstable but the rise of bitcoin's value has been sustained and impressive. Lots of people have lost out individually when they lost bitcoins due to hacks but that hasn't stopped the rise of the currency.
Freely admit I don't understand any of this Bitcoin business at all, but I read this on Monday and thought it was pretty interesting. http://kunstler.com/clusterfuck-nation/exit-sign/
Dipped to 8.7k which I did say would happen at some point today, already back up to 10.5k. Probably 12k within a week. The exponential growth is insane and its never to late to get in. 2018 will be an even bigger year than 2017 for cryptocurrency.
This type of fluidity is generally associated with hot assets of undefinable value. It's just as likely to be spurred by some phenomenon only loosely related to actual value of the asset (hoarding, speculation, rigged markets) as it is to reflect a true higher value of the asset. Bitcoin may be truly valuable at this point as a currency currently uncontrolled or regulated by the powers that be or it may be a high-flying mortgage security market waiting for a tumble as soon as somebody discovers there is a problem in the run-up. We just don't know at this point. It's never too late to get in is a statement that pyramid schemers often use to keep the pyramid growing at the points where it might otherwise collapse.
I don't disagree, but no one truly knows. I think what strikes most people is the actual price of a bitcoin, obviously if you compare it to any stock, it has outperformed all to date. But the thing is, it is not a stock, its a currency that has a limited supply in which the blockchain keeps everything in check. Currently there are only 20 million wallets in the world that contain bitcoin, thats around .3% of the world. But I don't think you should look at the price, I think its better to look at the actual technology. The digital currency allows an individual to send digital numbers to another person with it remaining both private and secure. And obviously it sounded like a pyramid scheme statement, but I also mean to say that it is never to late to get out of the bubble which is imploding which is the US dollar, along with many currencies around the world.
