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

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


  • Total voters
    35

Flight2gold

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You obviously never took a basic economics class. Do a search for "velocity of money" before spouting off on the subject again.

I never said it's not a currency. Quit listening to the drooling stooges. Or find a quote from me. It's a sub-fiat, which is indeed a type of currency.
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:

Flight2gold

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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.
 

Flight2gold

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New poll
15,000 before Xmas.
What say you?
 

solarion

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

Joe King

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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.
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?
 

Flight2gold

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

Bottom Feeder

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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
 

southfork

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

the_shootist

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

Flight2gold

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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?
 

southfork

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Bitcoin Flash-Crashes To $8,500, Then Rebounds As Biggest US Exchange Breaks

by Tyler Durden
Nov 29, 2017 2:18 PM
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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.
 

Joe King

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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?
 

solarion

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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.
 

Cigarlover

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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.
 

solarion

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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.
 

Joe King

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

the_shootist

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View attachment 95891

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

solarion

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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?
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.
 

platinumdude

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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

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

Area51

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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.
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.
 

Joe King

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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.
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.