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Bitcoin. Seven. Thousand. Dollars. Update: ~$15k
- Thread starter Vex
- Start date
This is a terrible post all around. You ignored their question about a guide and you suggested that if money has already been made, you can't make more money. That makes no sense. Given that logic, no one should invest in anything (stocks, bonds, crypto, etc) ever. Maybe I'm misunderstanding you?
$250,000 is the limit for FDIC insurance, though it seems I may have been mistaken in thinking it also covers the coins. Never mind, a wallet does sound much safer if the insurance is not there.
Wow... that is pretty misleading if they tout FDIC insurance, but only for the USD wallet and not the coins you hold. I am sure they have it written somewhere specifying that, so they don't hold liability, but didn't see anything like that.
Also I just realized my question mainly pertain to U.S citizens and not other countries, since I am not sure how they handle banking insurance and such.
Read my post again. I know full well about investing.
Never invest at a high, ever. Unless you want to gamble money. It's not rocket science.
If you want to invest in a bubble then go ahead, but Bitcoin is an auction when it comes to selling. Good luck getting the apparent market value now in cash, just ain't gonna happen.
I also never ignored any question as it was my first post, specify it so I might be able to.
https://goo.gl/YeFjN2
There's my Excel file (you can click the link which goes to Google Drive, then download it as an Excel file). This Excel file is the E-ledger I created to keep track of my Buying (USD to coin), transfers (wallet-to-exchange or exchange-to-exchange, etc), exchanges (coin-to-coin), and then sales (coin-to-USD). It's got a second tab at the bottom I use to keep track of whatever coin I currently am holding, including a space for a relevant blockchain explorer, what type of wallet I have, and my public address. Let me know if you or others have suggestions to improve it. I think it's super valuable for record-keeping and tax-paying purposes. Don't ever store private keys in here if you have a paper wallet, of course.
No offense man but there is literally no benefit to anyone mining Bitcoin now, if you already have them I applaud you. If you don't I strongly encourage you don't.
What? It's very easy to cash out at the current market rate.
Granted I'm new at this but I haven't heard of anyone having trouble selling. You can check the live trades here: https://www.gdax.com/trade/BTC-USD
Em, understand what a citation means?
Bit Coin ain't nothing new.
But getting those sweet dollars by mining would be (check my past posts) should you dare
Thanks, that clarify it for me, so a paper wallet still does make a lot of sense. Especially since they don't cover individual breaches they determine to be on the user side.
And then a giant correction because everyone is selling their bitcoin presents. I look forward to it
You just sell Bitcoin on a major exchange like GDAX or Kraken and then transfer your new fiat funds to your bank account like I and a lot of other people have done. Bitcoin is $14K because people are able to sell Bitcoin at $14K right now.
I'm seeing a lot of people justify getting in now because they don't want to miss out on what was historically possible, even though almost nobody would have held through all of that until now. People have 100:1+ returns dancing around in their heads and I don't think that's realistic at this point.
Didn't this exact run-up happen in winter 2013 but scaled down by 10? From under 100 to roughly 1300 in under two months and then started tanking in January, bottoming out around pre-peak prices?
I literally sold some an hour or so ago (.174 btc) at $14,318.06.
USD is in my wallet.
But okay.... If you say so
So the futures will either boost or tank the market. It's one or the other. What's easier to do?
I can see an early boost since investors won't want to scare away the stupid money (amateur investors with fomo), but I can also see a tank because it's very easy to manipulate the market. It's scary to try and guess as to what will happen on the 10th and 18th...
I can see an early boost since investors won't want to scare away the stupid money (amateur investors with fomo), but I can also see a tank because it's very easy to manipulate the market. It's scary to try and guess as to what will happen on the 10th and 18th...
User was warned for this post for: Inappropriate Behaviour
lol okay, I believe you ;)
What're you talking about? My post has nothing to do with mining Bitcoin.
User has been warned: attacks user for a post that had was meant to help another user out.
You might be in the wrong thread then if you don't want to talk about Bit Coin.
You said my post was terrible which is fair enough (subjective, semantics) and I gave a response.
I never once said you mined Bitcoin. I will however say that buying into it now is pretty stupid. Like it or don't , that's up to you.
What's on the 10th and 18th? Sorry if this has been mentioned in here, haven't seen it.
It's growing way too fast. I would love these financial news outlets to do a survey to get a feel of what these holders think makes og bitcoin worth buying into.
I think some people are selling half their gold and putting that money into bitcoin. Why not. digital has worked out great in the past. The world is interested by a decentralized currency (for various reasons). People are greedy and don't like missing out on ridiculous profit. (FOMO).
All valid reasons. Also, people who already made a ton of money with bitcoin/litecoin feel compelled to tell their friends and families, fueling the speculation.
So..did it really gain over $2k since yesterday?
We're officially at double what it was when the thread was created. $14k.
I'd like to thank Coinbase's network for being completely trashed last night, causing my BTC transfers to exchanges to take so long that I didn't have time to buy some shitty alts. What a day to be holding Bitcoin!
McAfee saod it would eventually reach $1,000,000 in a few years. Now $40,000 by the end of the year? Crazy. The bubble could pop at any time but if my $1000 can end up buying me a house then hell, I might as well risk it!
So assuming this went up to one million. Wouldn't it result in ridiculous inflation? If everyone becomes a multi millionaire the price of everything would rise by a ridiculous amount.
You are the most bizzare poster.
Are you a joke character bot?
This is the second time I've seen you double shitpost driveby
Most people are not becoming millionaires from bitcoin. Even at it's current price, most people cant afford 1 bitcoin. So already becoming a bitcoin millionaire is a longshot for the vast majority of anyone that will ever own bitcoin.
And even if bitcoin ever hit 1 million, it wouldn't cause inflation, it would simply be a result of money having been redistributed between people.
So... If I'm located in Europe, I should go with GDAX and Coinbase, both being part of the same company right ?
Not sure what you're asking, but you can check the daily trading volume on https://coinmarketcap.com/currencies/bitcoin/ it's currently:
$13,604,000,000 USD / 949,524 BTC
That's 13.6 billion dollars worth of Bitcoin exchanged in the last 24 hours.
What I'd like to see is single users selling large quantities - large purchases or just getting different currencies. Do you ever see 10 wallets all sell 10BTC all at once? Even bigger sales?
Me and a friend was watching the gdax a couple of days ago while slacking of at work. Several people were selling 10+ coins at a time. Highest we saw was 92
