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Poll: Bitcoin Reaches $10,000 or $100 first?

Discussion in 'Topical Discussions (In Depth)' started by goldielox1, Nov 11, 2017.



?

Does Bitcoin Move To $10,000 or $100 Next?

  1. $10,000

    81.8%
  2. $100

    18.2%
  1. Flight2gold

    Flight2gold Silver Member Silver Miner Site Supporter ++

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    So are you starting a new poll for Bitcoin $20,000 ?
    ---------------
    I've never given velocity of money theory any thought but just for grins what the heck.
    Obviously your referencing velocity to obtain some value for Bitcoin.
    MV=PT
    21M x 10(a good average for currencies) = Price x 300B (latest transactional volume)
    Price of Bitcoin should be $1428
    What a steaming pile of donkey doo duo.
    Please don't reference velocity of money or any other antiquated economist malarkey.
    We have progressed beyond the slide rule to something called a calculator.
     
    Last edited: Nov 29, 2017
  2. Joe King

    Joe King Gold Member Gold Chaser

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  3. Joe King

    Joe King Gold Member Gold Chaser

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  4. Buck

    Buck Fabian Society Gold Chaser

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    To Infinity and Beyond!
     
  5. Joe King

    Joe King Gold Member Gold Chaser

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  6. Flight2gold

    Flight2gold Silver Member Silver Miner Site Supporter ++

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    If Bitcoin is in a bubble its just catching up to one of the biggest bubbles of them all.... The mighty USD.
    Eventually it will find its price and maybe correct.
    If you think its going to 40,000 by next year keep buying.
    I am.
     
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  7. Flight2gold

    Flight2gold Silver Member Silver Miner Site Supporter ++

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    New poll
    15,000 before Xmas.
    What say you?
     
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  8. #48Fan

    #48Fan Silver Member Silver Miner

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    I believe if BTC breaks through $12k without a correction, then it will be smooth/quick sailing to the $20-$25k range.
     
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  9. Joe King

    Joe King Gold Member Gold Chaser

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    I just checked, we're back at $9669. Buying opportunity?
     
  10. solarion

    solarion Gold Member Gold Chaser Site Supporter

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    Seems rather foolhardy to rush in now. That falling knife is likely quite sharp. I stacked some sparkly stuff near the tippy top so real happy about that. With the beat down in silver today and the spike in btc I think the BTC to Silver ratio got close to 700.
     
  11. #48Fan

    #48Fan Silver Member Silver Miner

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    I think now that a correction has started, I'm going to be eyeing the $7k level.
     
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  12. Joe King

    Joe King Gold Member Gold Chaser

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    Back over 10k

    $10053
    ....and it's been up and down by several hundred today a few times. Doesn't that make for good trading?
     
  13. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

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    Too volatile for me
     
  14. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

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    JewishBTC.png
     
    Last edited: Nov 29, 2017
  15. Flight2gold

    Flight2gold Silver Member Silver Miner Site Supporter ++

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    Bull trap.
    Watch out tonight when Asia opens.
    Then it will be time to double down.
     
  16. Bottom Feeder

    Bottom Feeder Hypophthalmichthys molitrix Gold Chaser Site Supporter

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    Finally, we’re soon going to be able to replace that worn out old anecdote of the Tulip Bulb Madness with something more contemporary and digital.

    BF
     
  17. southfork

    southfork Mother Lode Found Mother Lode

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    I can only surmise the people buying bitcoin are the ones buying the dow bubble , truly amazing
     
  18. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

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    Everyone wants to hit it big. BTC is drawing all the lottery sluts who can't wait to buy those scratch tickets every week when they get paid types.
     
  19. Flight2gold

    Flight2gold Silver Member Silver Miner Site Supporter ++

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    When the Dow bubble, credit bubble, bond bubble, housing and student loan bubbles finally break
    where do you think the herd is going to place their wealth?
    In ‘08 Gold went to what $1900 and silver to $50.
    Not even 2% took advantage of its safety, besides most on this website.
    Gold should have been 10,000 and silver 500.
    Bitcoin is the next wave.
    All it needs is 2%.
    Got Bitcoin?
     
  20. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

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    coinbasejudgement.jpg
     
  21. Joe King

    Joe King Gold Member Gold Chaser

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    That's part of what makes it exciting. Ie: the entertainment factor of it. If it were just languishing at $100 constantly, what fun would that be?

    Oh and, $10284.30
     
  22. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

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    coinbase.png
     
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  23. southfork

    southfork Mother Lode Found Mother Lode

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    Bitcoin Flash-Crashes To $8,500, Then Rebounds As Biggest US Exchange Breaks
    [​IMG]
    by Tyler Durden
    Nov 29, 2017 2:18 PM
    268
    SHARES
    Twitter Facebook Reddit
    Chaos: Bitcoin bounced back $1500 from the lows, rising as high as $10,400 from nearly $2000 lower just an hour earlier, before trading in a range around $10,000.
     
  24. Joe King

    Joe King Gold Member Gold Chaser

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    Coinbase.PNG

    Why only those years? Seems odd to me as to why they wouldn't want all years. Unless of course the case has some specific relevance to events that occurred only during those years? Or has no one on that site has transacted in amounts greater than $20k in the years prior or since?
     
  25. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    Can we start the poll again. $10k or $4k first.
     
  26. solarion

    solarion Gold Member Gold Chaser Site Supporter

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    ...and people insist fedgov isn't attacking bitcoin. The US federal regime attacks exchanges constantly, even ones not based in the US.
     
  27. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    And it's back to $10k.
     
  28. Cigarlover

    Cigarlover Gold Member Gold Chaser

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    I don't know what coin base is so how is it related to this thread?

    I'm sure central bankers and Governments around the world are watching this. They hate competition to their currency.

    Another question is about retailers. Do they have a program for retailers so they can accept BTC and then as soon as they get it convert it to government currency? If so what are the transaction fees like? I cant imagine a brick and mortar retailer wanting to hold onto these for very long. Sure it's fun on the way up but today if they accepted one btc for payment this morning at 11k, then it went down to 8500 then back up to 10k. That's a pretty wild swing for any retailer to handle.
     
  29. solarion

    solarion Gold Member Gold Chaser Site Supporter

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    As has been mentioned dozens of times, companies wishing to accept bitcoin generally use a payment processor as an intermediary. The most popular of which is bitpay. Bitpay allows the merchant to choose whether they wish bitcoins to be immediately exchanged to fiat or remain in bitcoin. Other processors of not include coinbase and shapeshift.

    I don't know what arrangements merchants make with the payment processors, but from a buyer's perspective the fees are comparable to sending bitcoin anywhere else.
     
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  30. Joe King

    Joe King Gold Member Gold Chaser

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    That'd be up to @goldielox1 wouldn't it?
    ...but goldie wouldn't go for that anyways, because even if it drops to "only" $4k, that would still make it way more valuable than even gold is. The point of the thread was to say btc is basically worthless and everyone who bought in will get burned.

    btw, $10386.30
     
  31. Joe King

    Joe King Gold Member Gold Chaser

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    $10511.60
     
  32. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

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    I don't know man, this is your gig. The documentation is the documentation. You tell me!
     
  33. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

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    A man needs to know his limitations!
     
  34. solarion

    solarion Gold Member Gold Chaser Site Supporter

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    Somewhere in there coinbase began to comply with goobermint KYC crap.

    Guessing the plaintiff "UNITED STATES" is seeking records prior to that...no doubt to protect the children.
     
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  35. platinumdude

    platinumdude Gold Chaser Platinum Bling

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  36. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    Too late I posted the 10k celebration again. I suspect we will hit it a few times before it finally goes up higher.
     
  37. Joe King

    Joe King Gold Member Gold Chaser

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    I was just updating the price. $10k cross was posted in #122 and it's been back and forth across $10k several times since. I just hoping goldie will acknowledge it already.
     
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  38. platinumdude

    platinumdude Gold Chaser Platinum Bling

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  39. Area51

    Area51 Silver Miner Seeker

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    Bitcoin is not a currency, my friend. It's a speculative bubble asset that degenerate gamblers are trying to profit from.

    Transaction fees are way too high as it is, and they're only going to increase in the future. Processing times are way too slow - - nobody's going to stand around in a store for 8hrs waiting for their purchase to be finalized.
     
  40. Joe King

    Joe King Gold Member Gold Chaser

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    Some of these things, or even the electrical usage issue that's been brought up may in fact become a limiting factor for bitcoin. If so, the market will work it out by allowing another better crypto to supplant bitcoin as the premiere crypto.

    Remember, what we're seeing here is a new idea (cryptos) going through a process of discovery to find out what works and what doesn't. You seem to be upset that it doesn't behave as though it's a Century's old thing that has had time to become well established. Cryptos are kinda like the Auto industry was 100 or so years ago. Ie: something new with many 100's of entrants to the market. A market that eventually figured out the winners and losers.
     
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