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Old 12-22-2017, 05:47 PM
#121
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Pffft, panic sellers.

I'm holding.... it'll go back up.
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Old 12-22-2017, 07:40 PM
#122
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Don't catch a falling knife.
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Old 12-26-2017, 10:02 PM
#123
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https://wsj.com/articles/a-milli...000-1513809578

A Million-Dollar Bet That Bitcoin Will Hit $50,000

Dec. 20, 2017 5:39 p.m. ET

Someone out there just made a bet that bitcoin will surge above $50,000 next year, trading data show — about triple its current price.

Daily trading records released Wednesday by LedgerX, a startup electronic market for bitcoin derivatives, show that an unidentified trader or traders entered the bullish bets using bitcoin call options that expire next December. The trade wagering on a move to $50,000 was the first of its kind on LedgerX.

Just under $1 million was paid for the options in one or more trades that took place during the 24-hour period ending at 4 p.m. Eastern Time on Wednesday, the records show. It is unclear from LedgerX’s data who the buyer or buyers were or whether the purchasing was done in multiple transactions or just one.

If bitcoin is below $50,000 on Dec. 28, 2018, the options will expire worthless, and the $1 million will be lost. If bitcoin rises above that level, the options will give their owners the right to buy 275 bitcoins for $50,000 apiece — a transaction that would cost about $13.8 million.

Such a trade could be lucrative if the digital currency skyrockets to $500,000 or even $1 million or more — something some of bitcoin’s most enthusiastic supporters say will happen.

The digital currency was trading at $16,280.24 late Wednesday afternoon, according to CoinDesk. It is up more than 1,500% from the beginning of this year, an extraordinary run-up that has unleashed a flood of investor interest. But skeptics such as Nobel Prize-winning economist Joseph Stiglitz call bitcoin a bubble and say its price will inevitably crash.

LedgerX Chief Executive Paul Chou declined to identify who was behind the big call-options play, citing regulatory restrictions. But the scale of the purchasing reflects the mounting interest of hedge funds and other big financial firms in cryptocurrencies, he said.

“Without a doubt, there are institutions out there that are looking at these types of trades or have done these types of trades,” Mr. Chou said. “It’s not an individual, let’s put it that way.”
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Old 12-30-2017, 10:12 AM
#124
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1 Bitcoin equals
12983.30 US Dollar
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Old 01-14-2018, 03:27 PM
#125
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https://finance.yahoo.com/news/bitco...181008463.html
The Bitcoin Investment Trust (OTC: GBTC) jumped more than 12 percent Friday after the company announced the trust will be undergoing a 91-to-1 stock split impacting shareholders of record as of Jan. 22.
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Old 01-14-2018, 05:18 PM
#126
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Why would anything effect the fund other than the value of a bitcoin vs. the US? Stupid yahoo and their misleading titles.
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Old 01-15-2018, 09:47 PM
#127
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Originally Posted by doopstr View Post
1 Bitcoin equals
12983.30 US Dollar
Back here, again.
1 Bitcoin equals
12900.00 US Dollar
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Old 01-16-2018, 02:26 PM
#128
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dropping like a rock....
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Old 01-16-2018, 02:38 PM
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Old 01-16-2018, 02:44 PM
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Old 01-16-2018, 02:49 PM
#131
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Buying opportunity? Seems to bottom every time RSI is around or under 40 like it is now.


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Old 01-16-2018, 03:40 PM
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McAfee claims it's due to Mike Bell of JP Morgan making a BS statement about Asian bans on trading bitcoin:


so yeah, might be a great time to jump in??

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Old 01-16-2018, 04:09 PM
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Still never dumping money into it. It will probably come back up but it's still too risky. I'll mine it for fun since it's worth the electricity, but I'm not buying it.

Now $10,500. Pushing sub 10K.
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Old 01-16-2018, 04:49 PM
#134
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Bubble is bubble.
Wait until people realize that they have a credit card bill for $10,000 and only $6,500 worth of bitcoin.
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Old 01-16-2018, 07:21 PM
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Old 01-17-2018, 09:05 AM
#136
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Originally Posted by doopstr View Post
Back here, again.
1 Bitcoin equals
12900.00 US Dollar
1 Bitcoin equals
9522.45 US Dollar
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Old 01-20-2018, 03:59 PM
#137
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Originally Posted by AZuser View Post
Buying opportunity? Seems to bottom every time RSI is around or under 40 like it is now.



$13,018.40


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Old 01-22-2018, 10:50 AM
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Shooting for 10K again.

I'm still forking out $50 here and there for GTX 750's for mining Monero (which is dropping at the same rate as BTC). People are still trying to sell GTX 1080's and RX 580's locally for $500 - $1200. That's around 200% of the price 60 days ago.
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Old 01-22-2018, 11:11 AM
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https://zerohedge.com/news/2018-...crashing-again

Crash, baby, CRASH!! At least until I get my rig set up
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Old 01-31-2018, 04:12 PM
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Old 01-31-2018, 04:40 PM
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Old 01-31-2018, 11:59 PM
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Can now buy and sell bitcoin using Square Cash app. No fees either. Same as with Robinhood.

https://squareup.com/help/us/en/arti...nd-bitcoin-faq

https://cnbc.com/2018/01/31/jack...ur-states.html

Square shares climb after the payments company launches bitcoin trading for most users

Jan 31, 2018

Nearly all users of Square's Cash payments app can now buy and sell bitcoin on the platform, CEO Jack Dorsey announced Wednesday.

The service will not be available for customers in New York state, Georgia, Wyoming and Hawaii, according to Square's website.

"We believe bitcoin and other crypto sales represent a potential mid/long term growth opportunity for Square and we are positive on the strategy," Credit Suisse analyst Paul Condra said in an email. "This strategy could also drive greater adoption of Square Cash and we note SQ is well positioned to potentially facilitate crypto-payment purchases at Square merchants at some point in the future."

Square began testing bitcoin trading on its Cash app in mid-November and rolled out access to more customers in December.

Customers are limited to $10,000 in bitcoin purchases a week through the app, but there is no limit to the amount that can be sold, Square said on its website. Users cannot send bitcoin directly to other Cash users.

Square said it will hold the bitcoins on behalf of its customers.

The company also said it would not add other fees to bitcoin transactions and would calculate prices by looking across major exchanges.

Commission-free stock trading app Robinhood announced last week it was rolling out free bitcoin and ethereum trading in five states beginning in February. More than 1 million people have joined the wait list since the announcement.

Robinhood Crypto will also not initially be available in New York, which is one of the toughest states for cryptocurrency trading since it requires a BitLicense.

Coinbase, the leading U.S. marketplace for trading in bitcoin and other major cryptocurrencies, has a BitLicense. The San Francisco-based company has more than doubled its number of users in the last year to more than 13 million around the world. The start-up also charges U.S. transaction fees of 1.5 percent to 4 percent.
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Old 02-01-2018, 11:16 AM
#143
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Originally Posted by doopstr View Post
1 Bitcoin equals
9522.45 US Dollar
1 Bitcoin equals
8920.89 US Dollar
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Old 02-01-2018, 01:57 PM
#144
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Old 02-01-2018, 02:21 PM
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Old 02-02-2018, 10:48 PM
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my crypto command station setup one month ago vs. my crypto setup today..... had to downsize a tad.........





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Old 02-05-2018, 11:19 AM
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Bitcoin/USD Bitstamp (BTC=:Exchange)

Real Time Quote Exchange USDLast 12:18:11 PM ESTVolume7,248.3701
-955.18 (-11.704%)
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Old 02-05-2018, 11:55 AM
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Old 02-05-2018, 12:01 PM
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Gonna break under 7K
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Old 02-05-2018, 12:01 PM
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Just did
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Old 02-05-2018, 12:28 PM
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Just bought $200 worth at that price. Im sure it will go to 0 now.
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Old 02-05-2018, 12:44 PM
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Old 02-05-2018, 12:45 PM
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​​​​​​I'm eyeing 5k..

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Old 02-05-2018, 12:48 PM
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Not bad


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Old 02-05-2018, 02:12 PM
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What's dropping faster, BTC or the Dow?
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Old 02-05-2018, 02:26 PM
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Old 02-05-2018, 02:32 PM
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Originally Posted by losiglow View Post
What's dropping faster, BTC or the Dow?
Huuuuuge difference between the two.
One is based on solid fundamentals and one is...

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Old 02-07-2018, 01:01 PM
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Old 02-07-2018, 01:17 PM
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Old 02-07-2018, 01:33 PM
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Originally Posted by NSXNEXT View Post
Huuuuuge difference between the two.
One is based on solid fundamentals and one is...
Totally agree. That's the point I made earlier in the thread.

Up past 8K today. Could go down to 5K or up to 15K by tomorrow!
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