Bitcoin to hit $500,000 mark by 2030?
Poll
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| | 3 votes (5.35%) | ||
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| | 15 votes (26.78%) | ||
| | 15 votes (26.78%) | ||
| | 3 votes (5.35%) |
56 members have voted
Quote: BozHas anyone used "Coinbase" to buy and sell BC?
http://www.cnbc.com/2017/05/25/here-are-the-ways-to-buy-bitcoin.html
Yea, they stopped serving US customers For sales a while ago if I am remembering correctly.
It took about a week to setup the account to work with my bank account, and there is still a 7 day delay on all purchases.
There is some option to open a trading account where you place your own buy and sell orders. I haven't done it because it would just take too much of my attention away from working.
I have an account on Kraken as well but haven't purchased any yet.
I WANT IN.Quote: WizardPM me. I'm open to selling you a WizCoin, which is pegged to the value of a BitCoin.
Can I buy and sell as long as it's documented?
I want at least 5k worth.
I also get a commission for suggesting Wizcoin.
Quote: AxelWolfI WANT IN.
Can I buy and sell as long as it's documented?
I want at least 5k worth.
I also get a commission for suggesting Wizcoin.
Mike only sold me a quarter Wizcoins
But then again I didn't put up cash so who knows
Quote: AxelWolfI WANT IN.
Can I buy and sell as long as it's documented?
I want at least 5k worth.
I also get a commission for suggesting Wizcoin.
PM and we'll negotiate. You can do whatever business you want with others all you wish.
Quote: djatccan I get some drink tickets for this bet?
If I had a Stanley Nickel for every time djatc said this, I'd have an entire Schrute Buck.
Quote: WizardLet the record show I just made the same deal with RS as I did with djatc, for the sale of 0.25 Wizcoin, in this post. With RS the current price, per https://coinmarketcap.com/currencies/bitcoin/ is $2427.62. RS is expected to confirm the deal here within 5 minutes.
Confirm
Quote: WizardLet the record show I just made the same deal with RS as I did with djatc, for the sale of 0.25 Wizcoin, in this post. With RS the current price, per https://coinmarketcap.com/currencies/bitcoin/ is $2427.62. RS is expected to confirm the deal here within 5 minutes.
Why would you naked short something in the middle of a hyperbolic move? At least wait for a confirmed break in the trend. Although you may have just got lucky.
Anyone want to make a bet that we see 2000 before 3000? I would like to get 2-1 odds on this, due to recent events.
Quote: RogerKintDidn't the Wizard sell his precious metals near the top of the market to a forum member here? Maybe that was just a small amount of his inventory but still damn impressive.
Yes, just two ounces but I did time that well, thinking gold was overvalued. Speaking of precious metals, I just bought about $3,000 worth of bulk silver dimes and quarters.
Quote: MaxPenWhy would you naked short something in the middle of a hyperbolic move? At least wait for a confirmed break in the trend. Although you may have just got lucky.
I feel very strongly it is overvalued and all the buying is driven by hysteria and greed. I'm 52 and have seen plenty of bubbles in my time and they all pop sooner or later.
For what it is worth, my timing may have been perfect. Just a day later and the price has plunged to $2182 by the same source as the buy price. I've already made a 6.5% profit on one Wizcoin deal and 10.1% on the other.
Quote: WizardI feel very strongly it is overvalued and all the buying is driven by hysteria and greed. I'm 52 and have seen plenty of bubbles in my time and they all pop sooner or later.
For what it is worth, my timing may have been perfect. Just a day later and the price has plunged to $2182 by the same source as the buy price. I've already made a 6.5% profit on one Wizcoin deal and 10.1% on the other.
Well, with BitCoin being mostly popular with emerging markets and with the Fed increasing rates, the devaluation of the currency in these markets will be a big plus for bitcoin and its users in those countries. As their currency devalues and foreign investors take their money to higher yields in the U.S, the ones left with bitcoins in these emerging nations see more equity value in their bitcoins and more demand is created. The more a currency devalues, the more its going to take to mine or buy a bitcoin in that country. In a rising interest rate economy, this could only mean good things for bitcoin and its userbase and is probably why you're seeing an uptick in price, at least until yesterday.
I'm a big fan of cryptocurrency, I'm just worried about what our government and world governments will do to these small businesses if bitcoin really starts to build serious ground and more and more businesses domestically and internally start implementing it on a major scale. I can definitely see the U.S putting in regulations on businesses to not allow them to deal in bitcoin, due to fear of people steering away from their nations currency. And with the U.S. being the worlds reserve currency, this can alter bitcoins success more than not. If businesses begin to be prevented from offering bitcoin as a payment gateway, it will be hard for it to grow solely through individual transactions.
Quote: WizardI feel very strongly it is overvalued and all the buying is driven by hysteria and greed. I'm 52 and have seen plenty of bubbles in my time and they all pop sooner or later.
For what it is worth, my timing may have been perfect. Just a day later and the price has plunged to $2182 by the same source as the buy price. I've already made a 6.5% profit on one Wizcoin deal and 10.1% on the other.
the real big money is hoarding DJcoins and shorting RScoins
Quote: WizardThe slide continues. Price is back below $2000, around $1965.
Don't worry, in a few days it'll go up like 3000% overnight. :)
Then youQuote: RSDon't worry, in a few days it'll go up like 3000% overnight. :)
should load up now.
I talked to Mike yesterday and I said I wanted to buy some wizcoin. He actually offered me a better price than I thought. But after our discussion and the downward trend I said I was gonna wait and see the "trend" is doing.
Previously I thought it would get to 3k and drop, but it didn't make it.
Is just under 2 a buy? I think so, but who knows?
XLP(safest ETF out there) and BitCoin FTW
Buying bitcoin is the problem, what's the safest and best way to go about it? Should I buy the physical bitcoin or get an 'wallet' or whatever they call it. There seems to be so many ways. What would be the preferred method if I want to buy it solely as an investment tool and then wanting to flip it for profit? I'm guessing wallet?
Quote: ZenKinGBuying bitcoin is the problem, what's the safest and best way to go about it? Should I buy the physical bitcoin or get an 'wallet' or whatever they call it. There seems to be so many ways. What would be the preferred method if I want to buy it solely as an investment tool and then wanting to flip it for profit? I'm guessing wallet?
What physical bitcoin?
Best way is an exchange like coinbase or kraken, followed by Local Bitcoin.
To me, bitcoin is a game of musical chairs. No one will want to be the last man standing.
I'll take silver over cryptocurrency. If nothing else, I can melt it into kool bullets.
Quote: ZenKinGBuying bitcoin is the problem, what's the safest and best way to go about it? Should I buy the physical bitcoin or get an 'wallet' or whatever they call it. There seems to be so many ways. What would be the preferred method if I want to buy it solely as an investment tool and then wanting to flip it for profit? I'm guessing wallet?
I don't think there is such a thing as a physical Bitcoin. You have to get a wallet. That is the easy part. Then I would suggest going to a Bitcoin forum and searching for an agent who will sell you some. Absolutely do not go to an ATM machine that sells them as they will charge about 20% over fair value.
Keep in mind that I have never owned Bitcoin either but I at least got that far with my searching.
Quote: WizardI don't think there is such a thing as a physical Bitcoin. You have to get a wallet. That is the easy part. Then I would suggest going to a Bitcoin forum and searching for an agent who will sell you some. Absolutely do not go to an ATM machine that sells them as they will charge about 20% over fair value.
Keep in mind that I have never owned Bitcoin either but I at least got that far with my searching.
Yes you can get a physical bitcoin. They mail you it in a clear plastic bag. Well I guess I shouldn't be definitive about it since i never bought any, but I have seen pictures of the mailing and heard its possible. I believe its called Casascius Bitcoins
Banana, rum, house, popcorn, jail, green, Jefferson, tomcat, ironman, fun, safe, kale.
anyone who's made a BC wallet should get that.
Not understanding exactly how to make sure I wouldn't /couldn't get scammed without using a wallet and arguing over $14 per coin cost me from buying 5k worth at $700.
LMAO......the stuff would go below a buck if 2% of the holders tried to liquidate. Want a low transactional cost? Be prepared to wait.
One thing that intrigues me is the energy expenditure to create a Bitcoin. 4X more energy is used to create a Bitcoin than a Troy ounce of gold.
Everyday transactions will need to be done in a completely different platform. Stratis anyone?
Is CoinBase the most reliable way to buy? What about bitStamp?
Did I not read 42 billion invested in this, that might be enough to be mainstream.Quote: ZenKinGI dont think it will ever go mainstream or even close to it. The hysteria around bitcoin right now is the 'investment' attribute it has. People are only buying it to eventually flip it for 5-10x their original investment,etc. No one really cares about ever using it over their dollars in their pocket. For me it's the same thing. If it goes below 1500 or maybe even if i see some consolidation under 2k, i will try to buy, since that will likely signal the next leg up to 3k or so.
Is CoinBase the most reliable way to buy? What about bitStamp?
Quote: onenickelmiracleThe funny thing about it, it's a currency, but people that buy into it mostly dont spend it, because why use an asset that is increasing in value. So they spend the money they have otherwise. So if people thought it was constantly declining, they would spend it as fast as they could. There will be other opportunities besides investing in the tooth fairy. Wonder if they use this in Macau to get Chinese money and not bad debts.
As of right now 1 BTC buys a beater car. I'm investing so I can spend some of it when it can buy a regular car. Eventually it will buy a luxury car, and so on and so forth. At least that's how I see it, with more and more people and places becoming accepting to bitcoin, and cyrptocurrency as a whole.
Or it could crash and I can buy a pizza with 10k BTC, as some guys did year ago.
Overstock.com takes BC
Dish takes BC
Expedia takes BC
PayPal?
Bitcoin now accepted by 100,000 merchants worldwide
http://www.ibtimes.co.uk/bitcoin-now-accepted-by-100000-merchants-worldwide-1486613
BC 2289.99 US Dollar
I'm up $1 (2332.93-2337.10)*-0.25)! Told ya BTC was the future
I can see how companies like it, no fees and no recourse laws like credit card rules,plus paid instantly, not waiting for a check.Quote: AxelWolfBuy Gift Cards with BC https://www.gyft.com/buy-gift-cards/
Overstock.com takes BC
Dish takes BC
Expedia takes BC
PayPal?
Bitcoin now accepted by 100,000 merchants worldwide
http://www.ibtimes.co.uk/bitcoin-now-accepted-by-100000-merchants-worldwide-1486613
BC 2289.99 US Dollar
Quote: djatc
I would like to make a record of the sale of 0.25 WizCoin on credit to djatc. We agreed to use https://coinmarketcap.com/currencies/bitcoin/ as the source for the price, which is currently at $2332.93 per Bitcoin. Either party may force a sale at any time. Both parties should agree on a date and time the sale should close.
Both parties agree that a WizCoin is pegged exactly to the value of a Bitcoin, per the stated source of the value in USD.
Djatc, please confirm."
Purchase Price: $2332.93*0.25=
Sell Price: $2777*0.25
Total Profit: $111
Wtf
Quote: RSBTC $2612.
It is truly ridiculous that the value is going up and down by up to 15% per day. As far as I know, these movements are based on nothing but greed and fear.
I'm not saying Bitcoins are worthless, but I'll take them a lot more seriously when all the gambling on this is over and we see the price stabilize.
Hopefully it will go down more so I can profit on my 1/4 Wizcoin still outstanding.
Quote: djatcTime to buy some more BTC, it's a sale
Famous last words. What's your sell target?
However, on August 1st, there's going to be a user-activated fork of the blockchain in an attempt to introduce an improved mining protocol. Since bitcoin is decentralized, a majority of the market needs to adopt the new fork in order for it to work. I would imagine this will introduce some panic and uncertainty in the market, leading to even more volatility as we approach August.
It's called BIP148 - do a search and you'll find a ton of info.
https://bitcoinmagazine.com/articles/bitcoin-beginners-guide-surviving-bip-148-uasf/
Blockchain tech is useful but there's going to be a huge smoking crater left when this mania ends.
Quote: SkepticIf you think that's confusing, what until one or both of those forks then fork and fork again. There can be an unlimited amount of cryptocurrencies.
Blockchain tech is useful but there's going to be a huge smoking crater left when this mania ends.
I predict the dust will settle pretty quickly and the market will move forward with the 148 fork. But you're right, with it being somewhat of a democratic currency, anything is possible.
