Bitcoin Cracks $5000

[LibertyEagle]

Good luck to those of you who got in on this. I hope it continues to do well for you.

 

[kpitcher]

Wall street billionaire starts a new $500 million crypto fund, puts in $150 million of his own money. Predicts Bitcoin hits $10,000 in a year

https://www.cnbc.com/2017/10/10/bit...-former-fortress-hedge-fund-manager-says.html

 

[axiomata]

Many years ago when it was first getting started someone posted in these forums about a way to get .05 bitcoin free for setting up a wallet. I did it and haven't touched bitcoin since. Now worth $270.

 

[SpiritOf1776_J4]

IMO Bitcoin can't be a real currency until its consistently depreciating in value like a real currency

currency depreciates because it's fiat, it's not exactly real. Under normal circumstances, when pegged to a fixed real world thing like gold which isn't being manufactured, as more wealth becomes available, if you want gold for it, gold rises - because gold isn't increasing.

also, bitcoin isn't limitless. it was designed to keep getting harder to get. paper money fyi isn't.

 

[anaconda]

$6180

 

[anaconda]

$6370

 

[anaconda]

$6411

 

[anaconda]

$6611

 

[devil21]

I ask again, is anyone taking profits at these parabolic valuations?

 

[kfarnan]

I ask again, is anyone taking profits at these parabolic valuations?

what?

 

[anaconda]

what?

I think devil21 is asking if BTC holders think this might be good time to sell..

 

[jllundqu]

Where is the best place to buy BTC? I don't have a wallet or anything setup, but I've been trying to edumacate misself and would like to start investing. I thing BTC is going to go way up.

 

[dannno]

Where is the best place to buy BTC? I don't have a wallet or anything setup, but I've been trying to edumacate misself and would like to start investing. I thing BTC is going to go way up.

The easiest way is coinbase, with a bank account. If you want to meetup with somebody and buy it with cash, you can use localbitcoins.com

 

[jllundqu]

The easiest way is coinbase, with a bank account. If you want to meetup with somebody and buy it with cash, you can use localbitcoins.com

Thanks. Just bought my first BTC. Coinbase makes it VERY easy to transact. People may call me crazy buying at these levels, but I don't think so. I think in 5 years, BTC will be ridiculously higher.

 

[jllundqu]

What are peoples thoughts on Litecoin? Ethereum?

 

[jllundqu]

BTC $6623 !

 

[devil21]

what?

I figured my question was pretty straight forward. Is anyone cashing out their bitcoins back into FRN without hassle from exchanges or banks? Say, like selling 2 bitcoins for $6500 each ($13k total) and depositing that back into a bank account for use?

I think devil21 is asking if BTC holders think this might be good time to sell..

More wondering if the exchanges and banks are cooperating with reverting bitcoin profits back into FRN through the banking system. I mean, sure it'll be great when/if bitcoin is $25k or whatever but does it matter, if the exchange won't cash them back out or a bank won't accept the wire.

The easiest way is coinbase, with a bank account. If you want to meetup with somebody and buy it with cash, you can use localbitcoins.com

Fwiw, I read something about the Feds charging some guy with unlicensed money services for messing with localbitcoins.com. Could just be a fear tactic but I wish you guys luck with the bitcoin stuff. Coinbase has a federal prosecutor on the Board of Directors now. I see A LOT of red flags these days.

 

[dannno]

I figured my question was pretty straight forward. Is anyone cashing out their bitcoins back into FRN without hassle from exchanges or banks? Say, like selling 2 bitcoins for $6500 each ($13k total) and depositing that back into a bank account for use?

I would probably buy gold instead, then sell that for FRNs when the time comes if need be.

 

[kpitcher]

Thanks. Just bought my first BTC. Coinbase makes it VERY easy to transact. People may call me crazy buying at these levels, but I don't think so. I think in 5 years, BTC will be ridiculously higher.

Welcome to the crypto revolution!

 

[RonPaulIsGreat]

I figured my question was pretty straight forward. Is anyone cashing out their bitcoins back into FRN without hassle from exchanges or banks? Say, like selling 2 bitcoins for $6500 each ($13k total) and depositing that back into a bank account for use?



More wondering if the exchanges and banks are cooperating with reverting bitcoin profits back into FRN through the banking system. I mean, sure it'll be great when/if bitcoin is $25k or whatever but does it matter, if the exchange won't cash them back out or a bank won't accept the wire.




Fwiw, I read something about the Feds charging some guy with unlicensed money services for messing with localbitcoins.com. Could just be a fear tactic but I wish you guys luck with the bitcoin stuff. Coinbase has a federal prosecutor on the Board of Directors now. I see A LOT of red flags these days.

I sold some like a dumbass earlier this year, if I held would be worth like $100K+ more than I am now. Sold on coinbase, transferred to my bank. No one has said a word bank or "gdax" (coinbases exchange side). I still have bitcoins, I didn't sell it all.

It seems some banks have a problem with it, others don't. My bank is small, and if they have a problem with it, I'll just move to a different bank the next day.
It's legal to buy and sell bitcoins. I don't do drugs, or hire hitmen. I'm a model citizen as far as law abiding goes, despite my views that government is 95% not needed.

Having said all that, I sold enough to cover all my "real" world fiat costs associated with bitcoin and cryptocurrency in general since 2013 when I started. Only in bitcoin land does one feel ashamed selling for multiple 100's of percent gains. lol.