Bitcoin Cracks $5000

[Krugminator2]

You are dumb idiot. You bought a pump and dump stock...

i keep asking you to buy the real thing. the private keys to real coins.

get lost.

you are literally wasting your time on this thread.

There is a lot more money to be made in those pump and dump stocks.

 

[Krugminator2]

He trades commodities.

I am half his age and have already seen this play numerous times. Multiple crazy weed stock runs, ebola stocks a few years back, multiple crazy runs in the Biotech sector, police security stocks after Ferguson to name a few.

 

[devil21]

You are dumb idiot. You bought a pump and dump stock...

i keep asking you to buy the real thing. the private keys to real coins.

get lost.

you are literally wasting your time on this thread.

Hmm....where are you from Mordan? You're clearly not American.

My point is that it's ALL pump and dump stock. Small groups of people that hold huge positions moving the 'markets'. I lost about $50 so I think I'll get over it pretty quickly.

Btw, when Katy Perry puts up an instagram post about bitcoin like she did today, that's another huge red flag. She's a mouthpiece for the bankers/social engineers. It means they want you to put your money into their vaporware and I assure you that it is not for your own good.

 

[Zippyjuan]

http://www.businessinsider.com/bitcoin-price-gemini-exchange-coinbase-login-issues

Bitcoin's price is collapsing and people can't trade because 2 big exchanges have crashed

Bitcoin on Wednesday dropped to about $9,200 from an all-time high of about $11,400 after many users found themselves locked out of two of the biggest cryptocurrency exchanges in the US.

The digital exchanges Coinbase and Gemini crashed on Wednesday after bitcoin prices surged above $11,000 a coin early in the morning.

People also reported being locked out of accounts on GDAX, Coinbase's professional trading platform, and the Luxembourg-based bitcoin exchange Bitstamp.

Users of the digital exchanges saw slowed performance on the websites and in some cases still cannot log into their accounts.

Coinbase, which says it has exchanged over $50 billion in cryptocurrency since its launch in 2012, posted about a "partial system outage" early Wednesday, though many users found themselves locked out of their accounts by the afternoon.

Dave Farmer, the director of business operations at Coinbase, said the company experienced "all-time-high traffic" early Wednesday, causing some users to experience slowness.

"Should be fully resolved in the next couple of hours," Farmer said in prepared remarks.

Gemini, the exchange started by the Winklevoss twins in 2015, showed many users a "504 gateway time-out" message, which means its servers were not responding to requests. The company posted on its status page: "Systems are currently experiencing degraded performance."

As of 10:08 a.m. PT, Gemini's site says its system is under maintenance.

 

[Zippyjuan]

https://www.cryptocoinsnews.com/bitcoin-price-flash-crashes-10075-market-goes-berserk/

Bitcoin Price Flash Crashes to $10,075 as Market Goes Berserk

The bitcoin price plunged by more than $1,300 in minutes during a flash crash on bitcoin exchange Bitfinex but has since recovered above $10,800.

Bitcoin Price Flash Crashes to $10,075

At approximately 10:09 ET, the bitcoin jumped to a one-hour high of $11,399, which placed it just below the all-time high of $11,441 it had set at 9:13. Apparently — after observing resistance at $11,500 — a whale had set $11,400 as his or her target exit vector because at 10:11, the candle turned red, and three minutes later, this trader unleashed a massive market sell order.

This sell order caused the bitcoin price careen down to $10,075, representing a decline of $1,324 — or 12 percent of bitcoin’s total value — in just four minutes. For reference, the bitcoin price did not even reach $1,324 until May 1 of this year.

Following the flash crash, the bitcoin price quickly rebounded above $10,900, but it was unable to crack the $11,000 mark and quickly fell into decline.

 

[jllundqu]

BTFD!

I just bought more BTC and LTC on this news....

When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong.

- John Mcafee, Nov. 29, 2017

 

[Zippyjuan]

Earlier today headline: https://www.coinspeaker.com/2017/11/29/bitcoin-price-going-moon-cryptocurrency-breaks-11000-barrier/

Bitcoin Price is Going to the Moon as Cryptocurrency Breaks $11,000 Barrier

It was just yesterday when bitcoin surged past the $10,000 barrier for the very first time and this has happened almost a month before we bid adieu to the most-glorious year of 2017 for cryptocurrency markets. Not only Bitcoin but the overall crypto markets have reached to record high valuations with a total cap of above $325 billion. Many analysts had already predicted a few months back that Bitcoin will cross $10,000 mark by the end of this year.

Now the interesting fact is that in just past two months, the Bitcoins prices have jumped by 100% with the major trigger provided by the announcement of Bitcoin futures contract by world’s largest derivatives marketplace – CME Group. The futures are to start from the very next week as officially announced by CME Group, and it seems that as the launch is coming closer retail investors are really excited for this moment.

As per reports, the major trading volumes post the $9000 mark have been contributed by retail investors and the $10,000 was a psychological barrier as it seems that Bitcoin is in no mood to stop even after that. After crossing the $10000 mark 24 hours back, Bitcoin has surged even 10% further and is currently trading at $11,105.80, according to CoinMarketCap. The 24-hour trading volumes have crossed $8.5 billion and the overall market cap of Bitcoin is now over $185 billion.

There is no doubt about it that Bitcoin has now managed to gain formidable grounds and is seriously viewed as a mainstream digital currency. Moreover, Bitcoin has managed to sustain against all odds and criticism coming from renowned personalities from global finance and financial institutions alike.

 

[anaconda]

You are way too emotional.

I was trying to be silly. I agree with your buy-and-hold approach.

 

[Zippyjuan]

On the other hand, others were not so optimistic: https://www.coindesk.com/overstretched-bitcoin-price-shaky-ground-1000-gains/

Overstretched? Bitcoin Price on Shaky Ground After 1,000% Gains

Bitcoin may be starting to show signs of bull market exhaustion.

As per CoinDesk's Bitcoin Price Index (BPI), bitcoin (BTC) rose to a new all-time high of $10,831.75 at 05:35 UTC, having first moved above $10,000 in Asian trading hours. As of writing, BTC is at $10,900. The meteoric rise has taken year-to-date gains to 1,000 percent.

Still, there is a need to be cautious, the latest price and volume activity suggests.

A pullback to $9946 (1-hour 50-MA) looks likely, and a violation there would expose support at $9,600 and $9,400.

Investors also need to watch out for potential bearish RSI divergence. For example, prices could clock fresh highs above $11,000 in early U.S. hours before falling back below $10,500 on overbought conditions. In such a case, the 1-hour RSI would form lower highs.

Confirmation of bearish price RSI divergence would validate bearish daily view put forward by price and volume study and could only increase the magnitude of the pullback.

On a larger scheme of things, only a break below $9,000 (rising trend line support on the daily chart) would signal a bullish-to-bearish trend change.

On the higher side, only a high volume jump above $11,000 would be considered a good news, although overbought conditions as showed by the RSI could come into play anytime.

It is about $9,700 at this moment.

 

[dannno]

https://www.cryptocoinsnews.com/bitcoin-price-flash-crashes-10075-market-goes-berserk/

lol... in a few months it will be "Bitcoin flashcrashes to $40k, market goes berserk!"

 

[kahless]

It is about $9,700 at this moment.

Beat me to it. It took me several minutes trying different Bitcoin quote sites to even get data back. No doubt getting slammed right now.

 

[Zippyjuan]

Beat me to it. It took me several minutes trying different Bitcoin quote sites to even get data back. No doubt getting slammed right now.

Volitility and difficulties of setting up a bitcoin account discourages more people from getting involved with it.

https://qz.com/1141139/bitcoin-price-is-at-10000-but-people-still-want-bitcoin-etfs-and-futures/

Bitcoin owners don’t want to deal with holding their own bitcoin

Bitcoin is red-hot, having gained over 1,000% this year. But a survey of bitcoin holders by LendEdu, a student loan comparison website, shows that Americans who already own bitcoin would really rather own the asset using a more convenient vehicle, like in an exchange-traded fund (ETF).

The LendEdu survey, conducted earlier this month (Nov.), recorded the responses of 564 Americans who owned bitcoin. Here’s what those bitcoin owners said about owning the cryptocurrency through an ETF:

If possible, would you rather own bitcoin through an ETF that accurately tracked the price of bitcoin?

Yes 39.49%
No 16.31
Unsure 34.2
Source: LendEdu

The survey doesn’t address the reasons for favoring an ETF over holding actual bitcoin, but it’s not hard to see the attractions. Bitcoins can get hacked (over $4 billion has been stolen so far, by Reuters’ count); they can get lost (or more accurately, the private keys granting access to them can get lost, as this epic Wired piece recounts); and it’s generally a pain to make sure they’re secure. An ETF offloads all those problems to giant mutual funds, and consumers can just buy units in the ETF through their usual stock brokerage accounts. The Winklevoss twins, of Facebook-lawsuit fame, have been trying to get a bitcoin ETF approved for years.

Most people are buying bitcoin because they think they can make money from it- not because they think it is a better way to buy things.

 

[jllundqu]

lol... in a few months it will be "Bitcoin flashcrashes to $40k, market goes berserk!"

Nasdaq just announced TODAY they will begin Bitcoin Futures trading, making it way more mainstream... and Amazon is rumored to be in talks to accept it as a form of payment.

If people can't see what's happening with Crypto, they won't now nor will they ever. Bitcoin may not be the last crypto standing, but make no mistake, crypto currencies are here to stay.

Every time Zip posts a Debbie-downer about BTC, someone should bookmark it to rub it in in 12 months

 

[jllundqu]

Volitility and difficulties of setting up a bitcoin account discourages more people from getting involved with it.

https://qz.com/1141139/bitcoin-price-is-at-10000-but-people-still-want-bitcoin-etfs-and-futures/



Most people are buying bitcoin because they think they can make money from it- not because they think it is a better way to buy things.

Most people are buying Bitcoin because they think is is revolutionary technology that will change the world and they want to be apart of it.

 

[jllundqu]

Volitility and difficulties of setting up a bitcoin account discourages more people from getting involved with it.

https://qz.com/1141139/bitcoin-price-is-at-10000-but-people-still-want-bitcoin-etfs-and-futures/



Most people are buying bitcoin because they think they can make money from it- not because they think it is a better way to buy things.

Incorrect:

1. Which of the following best describes the reason you invested in Bitcoin?

a. 21.81% of respondents answered "Bitcoin is a long term store of value, like gold or silver."

b. 40.78% of respondents answered "I believe Bitcoin is a world changing technology."

c. 14.01% of respondents answered "I believe that the price of Bitcoin is too low, and will only go higher."


d. 15.25% of respondents answered "A friend, family member, or another trustworthy source convinced me to invest."

e. 8.16% of respondents answered "I plan on using Bitcoin for transactions or purchases, and less of an investment."

https://lendedu.com/blog/investing-in-bitcoin

 

[Zippyjuan]

Of those who own bitcoin here, what percent of your daily/ monthly transactions (buying goods and services) would you say you use bitcoin for?

 

[Zippyjuan]

Incorrect:



https://lendedu.com/blog/investing-in-bitcoin

Your poll actually supports what I said.

Most people are buying bitcoin because they think they can make money from it- not because they think it is a better way to buy things.

e. 8.16% of respondents answered "I plan on using Bitcoin for transactions or purchases, and less of an investment."

 

[jllundqu]

Your poll actually supports what I said.

Are you really that dense? You said most people buy BTC because they want to make money.... The survey had that option, but the majority of respondents chose what I posted, which is clearly not what you said.

 

[NorthCarolinaLiberty]

Of those who own bitcoin here, what percent of your daily/ monthly transactions (buying goods and services) would you say you use bitcoin for?

60%

 

[Krugminator2]

Most people are buying Bitcoin because they think is is revolutionary technology that will change the world and they want to be apart of it.

I don't post negative stuff about Bitcoin because I think it is for real. But is it a speculative bubble? Of course it is.

Amazon was for real in the late 90s. It was revolutionary technology. It lost 95% of its value and you would have had to wait 9 years before it made new highs. Silver ran up before I was on the forums but I suspect people made up all sorts of reasons why they should buy silver as it went parabolic. Buying into parabolic moves is not a way to win.