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

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


  • Total voters
    35

Area51

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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.
The "process of discovery" is actually a wild speculative run up fuelled by the greed of degenerate gamblers.

Rational "price discovery" doesn't have these cartoonish price swings.
 

Area51

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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.
If 20%+ price swings within an hour don't raise any concerns or red flags among the shills and apologists, I have no idea what will.

Here's an opportunity to cash out at $10k and say thank fuck you were able to get out while making a profit on such a ridiculous speculation.

If you're a degenerate gambler insisting on holding on, remember that pigs get slaughtered.

And if you're jumping in now and buying at $10k, you're the worst kind of sucker - - greedy and dumb.
 

Mujahideen

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The "process of discovery" is actually a wild speculative run up fuelled by the greed of degenerate gamblers.

Rational "price discovery" doesn't have these cartoonish price swings.
It comes with the market. The problem will eventually correct itself.
 

TRYNEIN

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That is the real question with these crypto-currencies....

HOW & WHERE does someone cash out before you lose everything when they start to chit the bed???



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. .
Discovery by WHOM???

That is the question everyone should be asking, because we all know Big Banks would love to have a cashless society...
 

goldielox1

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bitcoin bowl.jpg
LOL wat a turd. Down 20% in like 12 hours.

You know the answer to the poll could be it hits both targets in the same week ($10K and then $100).:laughing:
 

southfork

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I believe this to be the biggest fraud since the FRN, people are going to lose everything they have in it, sooner than later this will collapse when .gov gets involved and you know they will.
 

TRYNEIN

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Tecumseh

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View attachment 95923 LOL wat a turd. Down 20% in like 12 hours.

You know the answer to the poll could be it hits both targets in the same week ($10K and then $100).:laughing:
Since you didn't have the guts to wager on your own poll perhaps you would like to put a wager on this proposition? I wager that it will not hit $100 within the next week - care to take me up on it?
 

goldielox1

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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.
Technically, btc has not had a daily closing price over $10,000 yet. The closest it came was $9862 on the 11/28. Thus I have not conceded defeat.
 

goldielox1

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Since you didn't have the guts to wager on your own poll perhaps you would like to put a wager on this proposition? I wager that it will not hit $100 within the next week - care to take me up on it?
Wow you're a real ignoramus.
 

Area51

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I believe this to be the biggest fraud since the FRN, people are going to lose everything they have in it, sooner than later this will collapse when .gov gets involved and you know they will.

All bubbles eventually go to ZERO - - with or without government involvement.

No government involvement with beanie babies and they went to ZERO.

No government involvement with baseball cards and they also went to ZERO.
 

brosil

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spinalcracker

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All this wild up and down action of BTC reminds me of the chatter a long time ago on Gold-Eagle about gold when gold broke through $300-325 dollar range.
"Hold on! " was what a lot of peeps were saying....
"Ride the wild bull!"...
People chatted about wild price swings in $100-300 dollar increments...
"To the moon!".....
That was 15 years ago.
I am still waiting for those wild price swings with gold.
I believe that one day the price gold will act like the wild bull that BitCoin is today.
I do not believe BTC will be around in another 15 years.
In the meantime , I will enjoy the ride on the wild bull BitCoin....
 

Joe King

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The "process of discovery" is actually a wild speculative run up fuelled by the greed of degenerate gamblers.
It's people buying and selling.


Rational "price discovery" doesn't have these cartoonish price swings.
How do you propose we prevent people from buying when they think it in their best interest to do so? Or selling when they think that to be in their best interest?

Maybe you'd like the gov to set rules for it and to pick the winners and losers ahead of time? I realize that's what you are used to.


Discovery by WHOM???
People buying and selling. People who think it will go up, buy. People who think it will go down, sell. Where they meet in the middle determines the spot price. Same as any other market, but without the ability to naked short it or sell fictitious btc that doesn't actually exist.


Technically, btc has not had a daily closing price over $10,000 yet. The closest it came was $9862 on the 11/28. Thus I have not conceded defeat.
There is no "closing". It's a 24/7/365 market. The fact it crossed $10k at all means you lost, fair and square.


Wow you're a real ignoramus.
No, it's you who takes the cake in that category. Can't even admit that you're prediction was wrong. Most people would concede to obvious defeat, but not you. Not only has it broke $10k, it went as high as $11,517.40
Well over $10k by anyones standards.
 

TRYNEIN

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People buying and selling. People who think it will go up, buy. People who think it will go down, sell. Where they meet in the middle determines the spot price. Same as any other market, but without the ability to naked short it or sell fictitious btc that doesn't actually exist.


.

LOL....you do realize the irony in that statement???

Considering that bitcoin is created in cyber-space...LOL
 

Joe King

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LOL....you do realize the irony in that statement???

Considering that bitcoin is created in cyber-space...LOL
The point is there isn't an etf out there selling non-existent btc in an attempt to manipulate the price. Like we see done with PM's. So far the only way to play in the crypto markets is to actually buy some.
Imagine if the gold price were dictated only by those buying or selling the actual commodity. Do you think it would be the same as the price that is determined by the trade in paper gold?
 

Oldmansmith

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I hope all you guys inve- er- speculating in bitcoin make a killing.

Friend of mine just told me the other day that his dad was all in hoping to get enough money to be rich in his retirement, he recommended that my friend buy as much as he could. Tulips anyone?
 

the_shootist

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I hope all you guys inve- er- speculating in bitcoin make a killing.

Friend of mine just told me the other day that his dad was all in hoping to get enough money to be rich in his retirement, he recommended that my friend buy as much as he could. Tulips anyone?
Jesus, I hope there aren't too many fools dumping their life savings into a crypto....that's sad man!
 

Joe King

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Technically, btc has not had a daily closing price over $10,000 yet.
Back over $10k once again. How many times does it need to hit $10k for it to be considered "official"?
....and I'm pretty sure that if it had touched $100 even once, you'd be screaming it from the mountaintops.

BTC$10k.PNG
 

Oldmansmith

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Jesus, I hope there aren't too many fools dumping their life savings into a crypto....that's sad man!
I think that there are a lot of them, that is why it is where it is. Obviously there is (or was) a lot of money to be made....and lost.
 

Mujahideen

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I hope all you guys inve- er- speculating in bitcoin make a killing.

Friend of mine just told me the other day that his dad was all in hoping to get enough money to be rich in his retirement, he recommended that my friend buy as much as he could. Tulips anyone?
Your friends dad is a retard and I hope he gets burned.
 

TRYNEIN

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The point is there isn't an etf out there selling non-existent btc in an attempt to manipulate the price. Like we see done with PM's. So far the only way to play in the crypto markets is to actually buy some.
Imagine if the gold price were dictated only by those buying or selling the actual commodity. Do you think it would be the same as the price that is determined by the trade in paper gold?

Let me see if I have this straight.


Some IMAGINARY guy on the internet
creates an IMAGINARY mine for people
to find IMAGINARY coins
And that is what makes them so valuable???

Meanwhile, this IMAGINARY guy has supposedly granted himself 1 million of these coins???

What could possible be wrong with this picture.

Now I know there are a lot of stupid people in the world, and I know a lot of people will profit from those stupid people, but let's be real about this whole bitcoin situation....it's a F---ING ponzi scheme and I certainly hope people are smart enough to get out while you can still profit from this ch-t....which I doubt there is a way once this all starts to fall apart..


AND...It's a good thing that no one is out there selling ETF's of NON_EXISTENT BTC!!!
 

solarion

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Oh look bitcoin is down all of 12.4% from its all time high and suddenly the sky is falling again. lol

Enjoy it while it lasts gloaters.
Soooo, what time of day does the BTC market close?
I believe that's game set and match. I wouldn't expect an answer from that one.

Sad thing is, he probably didn't even realize bitcoin markets never close. People are so used to the rigged fiat based scam markets where the "speshul" people get to trade before and after the peasants that they wouldn't recognize a free market when it's staring them in the face.
 

the_shootist

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I don't wish good or bad on BTC investors. Like with any other investment BTC comes with it's risks as well as it's rewards. Do I wish I dropped $1000 into BTC when it was $100? Of course, but it's too late for me now. The risks are too rich for my blood at this point. I wish those who have BTC the very best of luck.
 

solarion

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I don't wish good or bad on BTC investors. Like with any other investment BTC comes with it's risks as well as it's rewards. Do I wish I dropped $1000 into BTC when it was $100? Of course, but it's too late for me now. The risks are too rich for my blood at this point. I wish those who have BTC the very best of luck.
Sorry shootist, your post makes little sense, at least to me. It's a sentiment you've posted several times in bitcoin threads...that being that bitcoin is "too expensive" to get involved with now...whatever that means. $1000 may or may not be a lot of wealth to you, but 1000 modern FRNs are definitely going to to be of zero value at some point in the future. This is a fact...it will happen, just as it has happened to every fiat currency in history. If $1k is "too rich" for you, then I suggest you wait for bitcoin to settle and choose a number that isn't.

Whether bitcoin will ever become worthless or not, I do not know, but I do believe bitcoin has been the best investment in the world over the past 7 years. It's your call, but it seems silly to spend time manufacturing reasons to avoid it. If your objection is a moral one then, I can respect that, but you're not saying that...you're saying you value your FRNs too highly to risk them on something you deem to be a gamble. In essence you're saying that FRNs are less of a gamble than bitcoin...a sentiment that may or may not be true, but one of those currencies is at least honest and the other is not. One of those currencies has been exploding in value relative to everything and the other has been cratering all year.
 

Cigarlover

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Kimdotcom tweeted last night that he was starting a new internet and cryptocurrency that will bring true freedom to everyone.
We'll have to wait and see on that one.
 

goldielox1

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Lol... I will take that as a no. At least I'm not a coward.
No you're a doofus. Why do you need me to be courageous? If you believe in this turd then back up your imaginary truck and load up on the imaginary currency. I don't "trade" with anonymous internet people. If I wanted to I'd just short a few COMEX contracts when it comes out sometime this month. Why would I deal with a fool that can't even spell out whatever terms of his imaginary bet he is wanting to make, and then worry about having to collect from said fool?
 

goldielox1

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I hope all you guys inve- er- speculating in bitcoin make a killing.

Friend of mine just told me the other day that his dad was all in hoping to get enough money to be rich in his retirement, he recommended that my friend buy as much as he could. Tulips anyone?
Yup it's the old JP Morgan story about knowing it was time to dump when the shoe shine boy was talking stocks with him.