Bitcoin

[userque]

I know everyone is probably tired of hearing about it, especially those who are not in it, but bitcoin just passed $14,000 for the first time.

I'm not in it, but I enjoy hearing about it...keep 'em comin'

 

[tsptalk]

Unfortunately, I'm not in right now either. I sold $4500 ago (about a week ago).

 

[userque]

Unfortunately, I'm not in right now either. I sold $4500 ago (about a week ago).

Ouch! But,

"'Tis better to have loved and lost than never to have loved at all."
--Alfred Lord Tennyson

 

[1965Vintage]

Still holding my original purchases, all under $1,500. When you do the research you will see that this is the future. Nothing can stop it. I picked up some Monacoin today just for fun. I shapeshifted my Litecoin for it. Just fun trading stuff.

I will never sell my BTC. I plan to spend it one day after it stabilizes. Around $1,000,000 or so. I plan to purchase a new truck with it for my first purchase.

 

[gegor1957]

I'm sucking wind with Ethereum. I hate Crypto Kitties!!!

 

[Frixxxx]

For you Tom, I can't believe I own 4 of these.

 

[blackoutcl]

BTC over 20k by end of week ?

 

[tsptalk]

For you Tom, I can't believe I own 4 of these.

Given to you for free...

http://www.tsptalk.com/mb/bitcoin-cryptocurrencies/16122-bitcoin.html#post402142

You were smart enough (or crazy enough) to hold on, like a few others here. :fing02:

 

[tsptalk]

The story keeps moving, as does bitcoin.

Today's high (and all-time high) on Coinbase/GDAX... $19,697. Currently... $16,000. Just a $4000 decline in 4 hours after a 4 hour $5000 rally.

 

[FireWeatherMet]

China is in full control of it. Does that make you feel better or worse if you own it? :smile:

I used to poo-poo it without knowing much about it, but a friend of mine who owns some talked to me about it at great length.

Given that there is a set limit for how many coins will be issued, it seems there is a long term upside potential.

Might have to look into it.

 

[uscfanhawaii]

I didn't think it was worth it at $2,000, so definitely not worth it at $8,000. $16,000?!? You gotta be crazy! :AR15firing: :crazy: :Eyecrazy: :chairshot: :chairfall:

 

[tsptalk]

It's now everywhere all the time... CNBC has had constant coverage and Fast Money had a bitcoin quote ticker going for the whole show. Barron's cover, and on Sunday bitcoin futures start trading. It all makes me very nervous for the rallies sustainability.

Reluctantly, I'm sticking with Ethereum and Litecoin, where I think money could go if BTC drifts lower. I say drift lower because a crash in bitcoin would likely take them all down.

 

[Scout333]

What's the old saw? Bulls make money in the market, Bears make money in the market, but pigs get slaughtered. Enjoy your profits!

 

[JimFromak]

I'm only interested in what impact bitcoins and the like will have on the rest the market when the bubble bursts. So much similarity to the tulip mania in 17th century Holland. History repeats. Some will prosper and many will lose.

 

[Frixxxx]

I keep seeing and hearing the attempt to correlate tulips and Bitcoin. Bitcoin is a currency (form of) used to make transactions as well as be traded. Tulips were a durable good that was a victim of trading practices of local exchanges and the ability to just make contracts. Apparently, the bubonic plague also aided the crash as no one would show up to exchanges for fear of contraction of the disease. Also, there seems to be a lot of speculation on the data (or lack thereof) to draw true conclusions. The original data of 98 contracts over a period of a year does not truly show the whole picture.

This is investing, there are risks. Risk accordingly!

 

[RealMoneyIssues]

Bubble anyone?


People are taking out mortgages to buy bitcoin, says securities regulator
Bitcoin is in the “mania” phase, with some people even borrowing money to get in on the action, regulator Joseph Borg said.

https://www.cnbc.com/2017/12/11/people-are-taking-out-mortgages-to-buy-bitcoin-says-joseph-borg.html

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Sent from my SM-J727V using Tapatalk

 

[tsptalk]

Fast Money had Roger Ver on, the "Bitcoin jesus" and he is concerned about bitcoin and actually prefers bitcoin cash. Interesting.

By the way, he bought 25,000 bitcoins at $1 several years ago.

https://www.cnbc.com/2017/12/11/bit...about-the-future-of-the-digital-currency.html

 

[RealMoneyIssues]

Fast Money had Roger Ver on, the "Bitcoin jesus" and he is concerned about bitcoin and actually prefers bitcoin cash. Interesting.

By the way, he bought 25,000 bitcoins at $1 several years ago.

https://www.cnbc.com/2017/12/11/bit...about-the-future-of-the-digital-currency.html

$450 Mil

 

[1965Vintage]

I'm only interested in what impact bitcoins and the like will have on the rest the market when the bubble bursts. So much similarity to the tulip mania in 17th century Holland. History repeats. Some will prosper and many will lose.

There is absolutely no similarity to the Tulip Mania in Holland. If you research the Blockchain and Bitcoin you will understand why this is not a "bubble", it is acceptance. It just took awhile for the public to understand it.
This is the future. Bitcoin gives the people power over their own money.
Like I say, just do some actual research into what it is and how it works and you too will see that it is only getting started.
Once people really start using it for what it was intended the price will be so high that no one will profit from it. They will just "use" it, like they use a pre-paid credit card now.
Only the early holders will profit. I will never sell mine, I will just spend it, like it was intended to be used. But, that will be a few years down the road.

Only two things can stop Bitcoin. 1.) Some apocalyptic event that crashes the internet, or 2.) something better replaces it.
One thing is for sure. Crypto currencies are going to replace fiat currencies sooner than later.

PS, buy all the Litecoin you can afford while it is cheap. One day it "should" be 1/4 the price of Bitcoin. Why? Research it and find out. :smile:

 

[bmneveu]

I invested $150 in the cryptocurrency world on 27 November. I don't plan on taking it out anytime soon and I'm totally fine with considering that money gone. But there's that small chance that it turns into a fortune so I put my toe in the water. Water's warm so far.