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: WizardWell, let the record show I invoked my option at the absolute peak of Bitcoin. Here it is two days later and Bitcoin is at around $14,000 and falling by the minute. A drop of 19%.
This is exactly why I'm not investing in cryptocurrencies right now. WAY too volatile. I know volatile is how you "get rich," but I'm perfectly happy with boring old bond and index funds squeaking a couple points ahead of inflation. I don't care if bitcoin is the future of finance, right now it's a mess. I'll be interested once everything settles down, or if it never does, then so be it.
Quote: WizardWell, let the record show I invoked my option at the absolute peak of Bitcoin. Here it is two days later and Bitcoin is at around $14,000 and falling by the minute. A drop of 19%. Could my buy back been timed at a worse possible minute? I sold even higher than the peak of this graph. Not only did I sell at the absolute worst possible minute but also picked a source (Google) as a source quoting a high price. At the time I sold the market was so crazy the values ranged from source to source by hundreds of dollars.
I am beside myself with misery on this. Thank you for sharing in my pain.
Maybe you could start an investment advisory service named Fade This, Inc.😆
If you maintain this track record you will be rich in no time from subscriptions. You won't even have to risk a penny.
Quote: MaxPenMaybe you could start an investment advisory service named Fade This, Inc.😆
If you maintain this track record you will be rich in no time from subscriptions. You won't even have to risk a penny.
All I was doing was selling Bitcoin short with friends. Nothing novel about that. However, maybe there should be some kind of service where people can do it with stuff like Bitcoin that aren't traded in conventional markets.
You have my sympathy. But maybe congratulations if you accurately called the exact top of the bubble, within minutes of it bursting. That's an achievement. Losing money in that way is pretty disastrous, though.Quote: WizardI am beside myself with misery on this. Thank you for sharing in my pain.
To be fair, I think ( and hope) that this is just a pause in the uptrend and that $20k may be on the horizon. So maybe taking the hit now has done you a favour.
Couldn't your friends have also called in your option, themselves?
I saw disparities in quoted peak price that were as high as $2k
Quote: OnceDearYou have my sympathy. But maybe congratulations if you accurately called the exact top of the bubble, within minutes of it bursting. That's an achievement. Losing money in that way is pretty disastrous, though.
I will have to look into this to see within how many minutes I bought back my Wizcoin and the market crashed. Does anyone know of a source on Bitcoin price down to the minute, or at least hour?
I personally think this is the crash, but I've been wrong before.
This site https://www.cryptocompare.com/coins/btc/overview/USD seems to give good granularity if you jump in quick and select week view then hover the chart.Quote: WizardI will have to look into this to see within how many minutes I bought back my Wizcoin and the market crashed. Does anyone know of a source on Bitcoin price down to the minute, or at least hour?
I personally think this is the crash, but I've been wrong before.
Quote: OnceDearI see a peak of around 17254 at 1am UK time. For reference it's 00:14 now in the uk
The UK is eight hours ahead of Vegas. That would make a peak at 5:00 PM. So I missed the peak by a little over six hours. Still, my buy-back price of $17285 was worse than the peak of whatever your source is. Stupid. Probably could have saved around $180 if I went by your source, because Bitcoin was going up by about 1% per hour before the pop. Correct me if I'm wrong on that.
May I ask what your source is?
It's at 13,700 now.
BEEECONNNEECCC
Quote: WizardI personally think this is the crash, but I've been wrong before.
I set the graph to log scale and to me it seems the price has only retrenched to where it should have been on its uptrend. I'm guessing this is not yet the start of a crash. wouldn't call that till 10,000 crossed. Seeing downward trend, Yes. Just not seeing downward acceleration, which you'd get in a full blown crash..
Quote: ZenKinGWho was that guy that called the drop? That guy literally calls everything on this forum. Every single thing he says he nails. Too bad he's also cursed in life so being as smart and good as he is in everything is irrelevant.
???
Sorry, who / what are you referring to?
Lol. Classic ponzi cult party.Quote: djatcyou guys should all join the winning team
BEEECONNNEECCC
I hadn't realised bitconnect was so off the charts crooked. Mind you, there's plenty of suckers to be dragged in from facebook's make easy money scam groups, some of which I monitor.
Quote: WizardWell, let the record show I invoked my option at the absolute peak of Bitcoin. Here it is two days later and Bitcoin is at around $14,000 and falling by the minute. A drop of 19%. Could my buy back been timed at a worse possible minute? I sold even higher than the peak of this graph. Not only did I sell at the absolute worst possible minute but also picked a source (Google) as a source quoting a high price. At the time I sold the market was so crazy the values ranged from source to source by hundreds of dollars.
I am beside myself with misery on this. Thank you for sharing in my pain.
Only answer, the “Mob” run Bitcoin industry has it out for you.
Quote: WizardI personally think this is the crash, but I've been wrong before.
Price is currently $15120 +/- a few dollars
https://www.cryptocompare.com/coins/btc/overview/USD
I assert that the price as quoted by that site's min/max display, will show the price go up through $20,000 before it shows it going down through $10,000
Quote: OnceDearI set the graph to log scale and to me it seems the price has only retrenched to where it should have been on its uptrend. I'm guessing this is not yet the start of a crash. wouldn't call that till 10,000 crossed. Seeing downward trend, Yes. Just not seeing downward acceleration, which you'd get in a full blown crash..
I agree that some crashes are more of a roller coaster. How about a prop bet, what will happen first, an increase or decrease of 20% from the time the bet is confirmed? I want to take a decrease.
I'd book that for a modest wager ( but only if we are quick)Quote: WizardI agree that some crashes are more of a roller coaster. How about a prop bet, what will happen first, an increase or decrease of 20% from the time the bet is confirmed? I want to take a decrease.
Mike, join me in chat on fb if you want to strike a wager in real time
Quote: BozQuote: WizardWell, let the record show I invoked my option at the absolute peak of Bitcoin. Here it is two days later and Bitcoin is at around $14,000 and falling by the minute. A drop of 19%. Could my buy back been timed at a worse possible minute? I sold even higher than the peak of this graph. Not only did I sell at the absolute worst possible minute but also picked a source (Google) as a source quoting a high price. At the time I sold the market was so crazy the values ranged from source to source by hundreds of dollars.
I am beside myself with misery on this. Thank you for sharing in my pain.
Only answer, the “Mob” run Bitcoin industry has it out for you.
But are they the "Chinese" mob?
Quote: IbeatyouracesQuote: BozQuote: WizardWell, let the record show I invoked my option at the absolute peak of Bitcoin. Here it is two days later and Bitcoin is at around $14,000 and falling by the minute. A drop of 19%. Could my buy back been timed at a worse possible minute? I sold even higher than the peak of this graph. Not only did I sell at the absolute worst possible minute but also picked a source (Google) as a source quoting a high price. At the time I sold the market was so crazy the values ranged from source to source by hundreds of dollars.
I am beside myself with misery on this. Thank you for sharing in my pain.
Only answer, the “Mob” run Bitcoin industry has it out for you.
But are they the "Chinese" mob?
In a sense YES. Whenever 40% of something is owned by a relatively small group it is subject to influence.
Quote: OnceDearMike, join me in chat on fb if you want to strike a wager in real time
I'll try but I am not very FB savvy. Ping me or whatever it is you have to do. I'm much better with Skype, if you have that.
Quote: OnceDearLol. Classic ponzi cult party.
I hadn't realised bitconnect was so off the charts crooked. Mind you, there's plenty of suckers to be dragged in from facebook's make easy money scam groups, some of which I monitor.
It's like defending free speech, all the while a klan rally is going on in town.
buying bit coin to protect money from US government failure.Quote: onenickelmiracleThe little girl mentioned buying bit coin to protect her money as protection from US government failure.
And yet MaxPen was not a buyer.
Not sure, long term, you made such a bad decision pulling the plug, Wiz.
Related news, wild and dismaying story about hackers emptying an Asian btc exchange. All wallets stripped into one account there in a matter of minutes.
Hope nobody here is a member of nice hash.
https://www.rt.com/usa/412223-nicehash-bitcoin-hacked-million/
Quote: beachbumbabsBitcoin back up around 17k today due to the start of futures trading in US. NYSE will start futures in early 2018.
Not sure, long term, you made such a bad decision pulling the plug, Wiz.
Thanks. Now I don't feel so stupid. I can at least take off the dunce cap but won't put it back in the corner until I win a game of Clue.
Pity we didn't get our comm's sorted out when it was hovering around 15000. I'd have taken the 20% wager and by now would have been feeling quite confident. 17440 high point so far today.Quote: WizardThanks. Now I don't feel so stupid. I can at least take off the dunce cap but won't put it back in the corner until I win a game of Clue.
You taking the hit at the price you did might yet turn out to be a good case of cutting your losses.
Quote: beachbumbabsBitcoin back up around 17k today due to the start of futures trading in US. NYSE will start futures in early 2018.
Not sure, long term, you made such a bad decision pulling the plug, Wiz.
Related news, wild and dismaying story about hackers emptying an Asian btc exchange. All wallets stripped into one account there in a matter of minutes.
Hope nobody here is a member of nice hash.
https://www.rt.com/usa/412223-nicehash-bitcoin-hacked-million/
There's some rumours that it might have been an inside job and not a hack at all. The NiceHash facebook page is hilarious. At the height of the crisis theye were saying that the site was down for maintenence. Shortly afterwards, they basically came out, with pulled out trouser pockets and empty hands and said 'sorry folks, but some nasty man took all that money of yours that we were looking after: Please be careful and change your passwords.'
Quote: NiceHash
December 6 at 7:52am ·
Dear NiceHash user, our service is currently under maintenance.
We are sorry for the inconvenience and please stay tuned for updates.
Thank you for your understanding.
and a bit later
Quote: NiceHash
December 6 at 8:17pm ·
Dear NiceHash users!
Unfortunately, there has been a security breach involving NiceHash website. We are currently investigating the nature of the incident and, as a result, we are stopping all operations for the next 24 hours.
Importantly, our payment system was compromised and the contents of the NiceHash Bitcoin wallet have been stolen. We are working to verify the precise number of BTC taken.
Clearly, this is a matter of deep concern and we are working hard to rectify the matter in the coming days. In addition to undertaking our own investigation, the incident has been reported to the relevant authorities and law enforcement and we are co-operating with them as a matter of urgency.
We are fully committed to restoring the NiceHash service with the highest security measures at the earliest opportunity.
We would not exist without our devoted buyers and miners all around the globe. We understand that you will have a lot of questions, and we ask for patience and understanding while we investigate the causes and find the appropriate solutions for the future of the service. We will endeavour to update you at regular intervals.
While the full scope of what happened is not yet known, we recommend, as a precaution, that you change your online passwords.
We are truly sorry for any inconvenience that this may have caused and are committing every resource towards solving this issue as soon as possible.
Wonderfully, absurdly painful train wreck to watch.
I have some BTC, but not even .5 of one.
And about 2.5 ETH
It has been all ups since I got into crypto.
Far more return than all of my Stocks and Mutual Funds.
Quote: GandlerI have been buying Litecoins some time ago, today they all are up to 245, very good so far.
I have some BTC, but not even .5 of one.
And about 2.5 ETH
It has been all ups since I got into crypto.
Far more return than all of my Stocks and Mutual Funds.
What is your plan to cash them out when you want your returns?
Quote: AxelWolfbuying bit coin to protect money from US government failure.
And yet MaxPen was not a buyer.
That's hilarious. Where do people come up with this stuff. Doesn't the FBI and a few other alphabet agencies possess a significant amount?
Block chain is a government's wet dream.
Plus Bitcoin is most likely the Blackberry of crypto. Can't call it currency because it is anything but.
I can't bring myself to go long but I'm damn sure that I would never place a bet against it. Things like this have a habit of remaining irrational a lot longer than the naysayers remain solvent.
Anyone with the foresight to buy before a thousand, congrats. Anyone who has bought after that, good luck.
Quote: MrVI suspect that opening it up to futures trading on Wall Street, while supposedly a stabilizing influence, will hasten its fall.
It creates one of the most profitable arbitrage opportunities ever.
Quote: OnceDearPity we didn't get our comm's sorted out when it was hovering around 15000.
Pity for you but a rare event in recent days to cut my way.
Quote: OnceDearPrice is currently $19150 +/- a few dollars
https://www.cryptocompare.com/coins/btc/overview/USD
I assert that the price as quoted by that site's min/max display, will show the price go up through $24150 before it shows it going down through $14150
Any established members, in good standing, interested in a modest wager on similar terms?
PM me with a means to live chat, plus an email address.
I can only settle and accept settlement by paypal.
Get in quick.
I'm in UK time zone.
I propose Wizard as Adjudicator and escrow if that's ok by him. Will take Wizard's action on trust.
Quote: ZenKinGWho was that guy that called the drop? That guy literally calls everything on this forum. Every single thing he says he nails. Too bad he's also cursed in life so being as smart and good as he is in everything is irrelevant.
No credit for you.
Dec 9 you call to sell at $14,700.
Dec 16 it's at $19,725 on GDAX right now.
https://www.reddit.com/r/bitcoin/comments/7jj0oa
Quote: DeucekiesSo far, my jinx game is on point. After watching Bitcoin et al climb like crazy for over a year, I decided to buy a little bit yesterday afternoon. Within minutes, Bitcoin began a freefall. I'm sure it's a typical ebb and flow, and luckily Etherium and Litecoin seem to be going up. I just think the timing is comical.
That's just regular ebb and flow. I have bitcoin as well as several others...it's not unusual for my portfolio to be up or down 5-10% in the last 24h. Sometime yesterday I lost 10% in about 15 minutes. :(
Quote: gamerfreakWhat is your plan to cash them out when you want your returns?
I have already cashed out my initial investment. Now, I will let the rest ride and see what happens, I have about 30 Lite Coins and 3 Ethers, and a tiny fraction of BTC. Today Litecoin is up to 350, so its another 100 since I have last been online. I am just going to let it ride.
There is all kind of speculation with all of the major Cryptos for the coming year (some very optimistic, some extremely pessimistic). In reality, nobody knows. Its a gamble, but it has been playing out nicely. I personally think that there will be some big upward and downward peaks, but overall it will steadily rise.
I invested in overstock.com OSTK and RIOT blockchain RIOT on the stock exchange as a play on the cryptocurrencies.
I expect to be wrong. Hopefully because I purchase a $300,000 car in the short term. But more probably just because I'm stupid and get a lot of stuff wrong.
Quote: AhighBeing wrong is so common. My prediction is that BTC will be around as long as I am
After seeing the TwinkeToes Twins the other day
(the guys Zuckerburg stole FB from) and how
hot they are for BC, I'm convinced it's the
Beanie Baby of our current time. Remember
those, 20 years ago, and people 'investing'
in them? I don't see a modicum of difference
in the BC/Beanie Baby craze, they
were both doomed from the outset.
Good News! You Are a Bitcoin Millionaire. Bad News! You Forgot Your Password
https://www.wsj.com/articles/good-news-you-are-a-bitcoin-millionaire-bad-news-you-forgot-your-password-1513701480
Quote: Alison Sider and Stephanie Yang @WSJMany who bought bitcoin years ago now find themselves sitting on an untouchable bounty. Because they can’t remember the complex security codes needed to get to their bitcoins, the coins are in a kind of purgatory. It’s like forgetting a bank account password, but there’s no bank to call to reset it.
These bitcoin owners have watched in anguish as its price surged over 20-fold at times this year to more than $19,000. (It traded around $18,000 Tuesday morning.) Even technology titans have found themselves in the predicament: Elon Musk tweeted last month that he’d misplaced part of a bitcoin...<SNIP>...
And, also @WSJ-12/19: "What Can You Buy With Bitcoin? A $10 Pizza for $76:"
has legs and will last? Stability. Did
you know that groceries in 1790 cost
about the same in the US as they did
in 1890? Why? Low inflation and a
stable currency.
Is BC stable? Hell no, if anything it's
out of control. It's bursting at the seams
and greed is running it now. All it will
take is rumors of a fox in the henhouse
for all the chickens to panic. And the
bloodbath will begin.
Quote:
According to a report published in The Telegraph, Howells began mining bitcoin on his personal laptop in 2009. In 2013, though, "after I had stopped mining, the laptop I had used was broken into parts and sold on eBay," Howells tells The Telegraph.
He kept the drive he used to collect the bitcoins, "so if bitcoin did become valuable one day, I would still have the coins I mined."
But, while cleaning his home in 2013, he mistakenly put it into a waste bin at his local landfill site in Newport, South Wales, where it got buried.
Now, with bitcoin's value hovering just above $17,000 Wednesday, according to digital-currency website CoinDesk, Howells' 7,500 lost bitcoins are worth more than $127 million. CoinDesk's Bitcoin Price Index tracks prices from digital currency exchanges Bitfinex, Bitstamp, Coinbase and itBit.
https://www.msn.com/en-us/money/personalfinance/officials-wont-let-a-man-look-for-dollar135-million-in-bitcoin-he-threw-away/ar-BBH5d3F?li=BBmkt5R&ocid=spartanntp
