Bitcoin Cracks $5000

[dannno]

lol i can already see your brain explode when Bitcoin reaches 20k in a few weeks.

I wonder if bitcoin can contain itself and stay under $20k before 2018?

 

[Krugminator2]

Futures start trading Sunday night. 90RSI. A short term top is likely by the next two days after the wide range today. 20%+ pullback highly likely from the high of tomorrow.

 

[dannno]

$14,250

 

[Mordan]

many years ago i was rooting for Gold to take over the Dow Jones...

now Bitcoin will avenge it. i can feel it.

 

[TheTexan]

TheTexan. you keeping joking around. What's your official stance on crypto?

Crypto's uses are limited to drug dealing, tax evasion, and general anarchism

And thusly should be banned.

Official position.

 

[FSP-Rebel]

 

[kahless]

Another example of a major company dropping Bitcoin due to volatility.

Steam Ends Support For Bitcoin
https://www.polygon.com/2017/12/6/16742622/steam-ends-support-bitcoin-volatility

Valve is ending support for Steam purchases made with bitcoin, the company said today, citing “high fees and volatility” in the value of the cryptocurrency.

“It has become untenable to support Bitcoin as a payment option”

If it is no longer going to be a viable payment solution due to volatility and the technology is to limited for banking and/or the tech is too limited compared to the competition then what are we looking at here long term? How long can this trajectory last?

 

[dannno]

Another example of a major company dropping Bitcoin due to volatility.

Steam Ends Support For Bitcoin
https://www.polygon.com/2017/12/6/16742622/steam-ends-support-bitcoin-volatility


If it is no longer going to be a viable payment solution due to volatility and the technology is to limited for banking and/or the tech is too limited compared to the competition then what are we looking at here long term? How long can this trajectory last?

Everybody makes mistakes.. they should be accepting it and holding as much as they can.

Tx fees won't be an issue with the lightning network.

 

[The Northbreather]

Another example of a major company dropping Bitcoin due to volatility.

Steam Ends Support For Bitcoin
https://www.polygon.com/2017/12/6/16742622/steam-ends-support-bitcoin-volatility


If it is no longer going to be a viable payment solution due to volatility and the technology is to limited for banking and/or the tech is too limited compared to the competition then what are we looking at here long term? How long can this trajectory last?

Seems like the perfectly wrong time to do that..

 

[anaconda]

$14,420

Up 75% from Thanksgiving week. Not sure what kind of annualized APR that would be..

 

[anaconda]

I wonder if bitcoin can contain itself and stay under $20k before 2018?

What I don't understand is why is just keeps going up. Can't the market simply present value the long position and just set the appropriate price point now? If it's going to be $20,000 by February why not just make it $20,000 today? Or $19,674 or whatever the discounted amount would be.

 

[anaconda]

$14,700

 

[anaconda]

$14,900

 

[Mordan]

$14,900

lol

 

[Mordan]

Crypto's uses are limited to drug dealing, tax evasion, and general anarchism

And thusly should be banned.

Official position.

i think you forgot making people crazy.. on both sides of the equation.

 

[anaconda]

$15,000

https://www.coinbase.com/charts

 

[anaconda]

$15,100

 

[anaconda]

$15,200

 

[devil21]

OMG. You are officially insane. just hedge with 1% of your net worth

I don't give money to Korean thieves. Still avoiding my question?



No biggie only $60 million stolen this time. Or Slovenian thieves...
http://abcnews.go.com/Technology/wireStory/bitcoin-miner-nicehash-reports-hack-theft-wallet-51636976

A bitcoin mining company in Slovenia has been hacked, for the possible theft of tens of millions of dollars, renewing questions about the security of the virtual currency just days before it is due to start trading on major U.S. exchanges.

 

[Mordan]

I don't give money to Korean thieves. Still avoiding my question?



No biggie only $60 million stolen this time. Or Slovenian thieves...
http://abcnews.go.com/Technology/wireStory/bitcoin-miner-nicehash-reports-hack-theft-wallet-51636976

lol reading abc news.. like reading cnn for any balanced commentary on Trump