Bitcoin Closing In on $16,000

well, then, who are the brokers who are making these deals?
somebody has to sell their Bitcoin before somebody
can buy the same amount.
.

Bitcoin is smoke and mirror way of setting up a global currency.That is why NWO has not put the cabosh to it. There will be a time when the banks will lock Bitcoin and crypto currencies out period and all these pretend millionaires will be broke! If it sounds to good to be true, it is!

A useless Coinbase = a useless currency.

Lol oh whatever, like the fact that the sell limit is $15,000 has an bearing when their website is a compulsive fuck up that crashes during every dump.

I lost thousands today because of their servers problems.

Obviously they just crash their servers intentionally to avoid letting people cash out with a profit.

[link to giftoff.com (secure)]

actually it's more of a commodity exchange.
in 1637 they were bidding to own stakes in Tulips
and now whey are bidding to own Bitcoin.
(the only difference is Bitcoins are nothing,
and Tulips are flowers.)
.

That's only going to decrease as the available BTC supply is spread thinner and thinner.

Hey, does everybody remember when the Automobile bubble popped and everybody stopped driving?

or when the Internet bubble popped and everybody stopped using the internet?

This is how disruptive technology behaves folks....

Don't let the $ sign on the 'Y' axis fool you...

Or something. Pretty soon the largest increment that can be sold is a .50 bitcoin transaction!

It seems like sooner rather than later they will be priced out of the larger market. The only people who can/will buy bitcoin are millionaires and billionaires the higher it goes.
Just like all commodities it will continue to aggregate into the hands of fewer and fewer then...so what?
It's only useful if there is a buyer to give it value.

I don't see the long term value of cryptos if it isn't a broader store of value. Like one day it will come down to some Asian billionaire owning a third, Buffett owning a third and the Twinketoes twins owning a third.
A third of what?

Who wants to use the useless fiat dollars anyway? If it wasn't forced, everyone would dump them.

Yep, and I had the EXACT same thought when I first bought in exactly 6 months ago. You see, it had already gone up HUGELY, even at that point.

Of course, one could argue that as more people learn about it and adopt it, the long-term risk is going down.

No answers for you, and no way to tell for sure.

Your comment just struck me as "Yep, that's exactly what I struggled with... and Hey - it WAS 6 months ago, well 7 months ago, when I actually pulled the trigger".

Haha, yes, I have heard of them and understand them. You clearly don't know what a true pyramid scheme is. This isn't one.

It may be a bubble and worthless, but it ain't a pyramid scheme.

So ironic that you are calling others stupid fuckers, considering your post. lol.

WITHOUT IT, HOW DO YOU BUY YOUR BIG MAC AND FRIES THEN?

Well, if you actually THINK about it for a second, what does Coinbase gain by you NOT being able to sell, and somebody else getting to buy? Answer: not much.

Coinbase charges a nice % transaction fee. They make a lot more money if you CAN trade & sell.

You're not thinking about how Coinbase makes money. They are a broker and charge transaction fees for every trade.

A classic pyramid is where the sooner you got in, the more money you stand to make, whereas newer buyers will have to see greater and greater price appreciation in order to make "some" of what early adopters do/did.

The converse is that the higher the price goes, the fewer people willing to or able to buy into the market.
I don't know what the price point will be, but it seems unlikely that there are people willing to pay $40,000 for a virtual coin. Therefore, the greatest price appreciation that one buying in today can do is double their investment.
A very good return, to be sure, but the higher it goes the less likely that those buyers will see a doubling.
More like an inverse curve of 40%, 30%, 20%, 10%, if the price continues to track higher.
It seems very unlikely to me, that there will be people buying in at $80,000. So somewhere the price is bound to falter.

I remember that day so clearly. My feet hurt so much from walking.

One clearinghouse has a value at $22,000.
And here I thought the average person couldn't scrape up $500 for an emergency repair bill.

Interesting. Who is buying at this price?

Who's at 22K right now?

Coinone...Korea...man..

21K

Consider that to be the "real" futures market right there...

wow

How many times have people called a bubble while in a bubble?

I love when people call BTC a bubble, it means the belief stage hasn’t even begun

The ‘bubble’ will burst when the majority of people believe and love BTC

We’re still in the beginning stages of crypto

The only chart that explains BTC growth is the 'S' curve adoption chart..

Thats the "price" chart we should all be looking at.

You could theoretically buy 0.0000001 BTC if you wanted to.

The units are subdivided down to 8 decimal points.

Last Edited by AkashicRecord® on 12/07/2017 07:25 PM

at least you can put it in your mouth...

THIS!

Right now crypto haven't gone mainstream yet....judging by the last real estate boom market, Joe 6 pack ain't talking about it yet.....when crypto is plastered on the news every day, the masses will learn and buy....then you'll see a run up that will snap your neck.....

There is still alot of leg to this run up....

This one.
[link to coinmarketcap.com (secure)]


Somebody upthread thinks the price will sustain by people clamoring to buy a .00000001 of a bitcoin.

Or whooweee even a .0001 of one!

I don't think so. But, you never know when greed sets in with newbies piling on. The minute the mainstream media started reporting regularly about bitcoin, you know the end is near.
Only 166,091 coins in circulation.
And people keep talking about 21 million of them someday?
The price for the last one will be sold in Zimbabwe dollars.
At least they'll be good for something.

Don't act like I'm not right here!

I was illustrating the divisibility of the units as a whole. They are semi-anonymous digital bartering units. There's a lot of ignorance about the matter floating around...

The last unit couldn't possibly be created for at least another 100 years or so, and that's being very generous with the estimate.

$18.275.40

Just for a test i decided to sell $100 worth of BTC today using Coinbase and got hit 3% in cost and the exchange prices was none too good.

Well not being a trusting guy (Bad press for Coinbase) i decide that i wanted to hold my own money in my bank account instead of letting them hold it and was soon in for a shock.

Just because they take money from your bank account it does not mean you can move cash back to the account and you have to set up a SEPA transaction using a bank account that allows that type of transaction and send Coinbase $1.00

Then things not only get slow but complicate but your $$$ get converted to Euro's, sent via SEPA to your bank that then needs to covert them back to USD and your money gets eaten away in commissions.

oh yes i am still waiting for my money

Hey what was the price when we were supposed to have that beer?

$22,579.

I wonder what accounts for the disparity.
I see issues.