Current Events > Bitcoin breaks $5,000

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clearaflagrantj
10/12/17 7:11:20 AM
#1:


Currently $5,180, sky's the limit now boys
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Ouned
10/12/17 7:11:54 AM
#2:


Inb4crash.
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1337
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ssj3vegeta_
10/12/17 7:13:12 AM
#3:


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clearaflagrantj
10/12/17 7:15:36 AM
#4:


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clearaflagrantj
10/12/17 7:19:06 AM
#5:


$5220 now.

Sell walls at 5K have been demolished, FOMO is real
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Rika_Furude
10/12/17 7:21:00 AM
#6:


wtf it was like $2k a couple of weeks ago

every time i dont buy, it goes up

i can fucking guarantee if i buy now, it will go down and stay down

or ill never be able to sell to anyonme
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Darkman124
10/12/17 7:28:39 AM
#7:


Rika_Furude posted...
i can f***ing guarantee if i buy now, it will go down and stay down


that is how bubbles work, yes.
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StarsOfCCTV
10/12/17 7:33:07 AM
#8:


What instrument do I have to short this?
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"What is any ocean but a multitude of droplets"
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courier_nv
10/12/17 7:34:03 AM
#9:


and it will hit 50000 USD soon enough because we all know things grow exponentially forever
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clearaflagrantj
10/12/17 8:32:38 AM
#10:


StarsOfCCTV posted...
What instrument do I have to short this?

Google bitcoin market sites, there are plenty.Darkman124 posted...
Rika_Furude posted...
i can f***ing guarantee if i buy now, it will go down and stay down


that is how bubbles work, yes.

The current market cap of all cryptos is about 0.160T. Gold's market cap is about 8T, the dot com bubble popped at 110T. Bitcoin hasn't even begun to peak. When nations and banks start scrambling to invest 100% into cryptos, that's when we'll be close. By then Bitcoin will be $1MM a coin.

Cryptos are the new Internet and they're going to change the world. There's still plenty of time to be an early adopter.
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clearaflagrantj
10/12/17 8:33:58 AM
#11:


courier_nv posted...
and it will hit 50000 USD soon enough because we all know things grow exponentially forever

Bitcoin would need a market cap of $700 billion to achieve that, I'd bet we crack that before 2020.
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Balrog0
10/12/17 8:36:47 AM
#12:


I remember when they were $30, should have invested oh well
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courier_nv
10/12/17 8:38:29 AM
#13:


clearaflagrantj posted...
courier_nv posted...
and it will hit 50000 USD soon enough because we all know things grow exponentially forever

Bitcoin would need a market cap of $700 billion to achieve that, I'd bet we crack that before 2020.

oh god you're for real
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MrSinclair
10/12/17 8:40:48 AM
#14:


It will come back down and settle around $4800.
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courier_nv
10/12/17 8:41:50 AM
#15:


clearaflagrantj posted...
StarsOfCCTV posted...
What instrument do I have to short this?

Google bitcoin market sites, there are plenty.Darkman124 posted...
Rika_Furude posted...
i can f***ing guarantee if i buy now, it will go down and stay down


that is how bubbles work, yes.

The current market cap of all cryptos is about 0.160T. Gold's market cap is about 8T, the dot com bubble popped at 110T. Bitcoin hasn't even begun to peak. When nations and banks start scrambling to invest 100% into cryptos, that's when we'll be close. By then Bitcoin will be $1MM a coin.

Cryptos are the new Internet and they're going to change the world. There's still plenty of time to be an early adopter.

in fact. just lol
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BlazinBlue88
10/12/17 9:05:48 AM
#16:


Hmm...I sold most of my BTC for Ark so I could get all those staking profits.

Oh well...BTC will drop over the next couple days and I'll buy in again.
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clearaflagrantj
10/12/17 9:16:26 AM
#17:


MrSinclair posted...
It will come back down and settle around $4800.

BlazinBlue88 posted...
Hmm...I sold most of my BTC for Ark so I could get all those staking profits.

Oh well...BTC will drop over the next couple days and I'll buy in again.

Disagree, $5,000 was a massive psychological sell wall, and now that it has been crushed I'd bet it becomes our new line of resistance.

courier_nv posted...
oh god you're for real

In five years you'll be trying to buy Bitcoin and it will be $500,000 a coin and you'll be bitching about how it's stupid and not fair.

I bet plenty of people were claiming the Internet wouldn't be a big deal either.
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AlternativeFAQS
10/12/17 9:17:46 AM
#18:


Balrog0 posted...
I remember when they were $30, should have invested oh well


i remember when they were fucking pennies

god dammit
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mortimerjames
10/12/17 9:30:17 AM
#19:


new age pyramid scheme
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Error1355
10/12/17 9:41:58 AM
#20:


AlternativeFAQS posted...
i remember when they were fucking pennies

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E32005
10/12/17 9:42:43 AM
#21:


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pls
10/12/17 9:44:07 AM
#22:


mortimerjames posted...
new age pyramid scheme


Yep.
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#23
Post #23 was unavailable or deleted.
twitterfriends
10/12/17 10:21:53 AM
#24:


CE convinced me to buy at $500

I told all of ky friends to buy at $1,500
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Turbam
10/12/17 10:23:34 AM
#25:


Let's hope Litecoin gets there too
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emblem boy
10/12/17 10:24:57 AM
#26:


I've been buying more ethereum than BTC sadly
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drunkmuggle
10/12/17 10:26:11 AM
#27:


should've have put have my btc into alt coins lol but I'm still up slightly. still this is pretty nuts
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twitterfriends
10/12/17 10:27:47 AM
#29:


Well I bought ETH at $10 just January of this year, ETH is up 3000% since then
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COVxy
10/12/17 10:28:23 AM
#30:


pls posted...
mortimerjames posted...
new age pyramid scheme


Yep.


Naw, that's closer to the people selling makeup over facebook live feeds (modern day cutco). This makes more sense to classify as a ponzi scheme.
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pls
10/12/17 10:29:48 AM
#31:


It's a bubble. There's no inherent value to those tokens. If you want to invest money, buy index funds or real estate.
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clearaflagrantj
10/12/17 10:39:06 AM
#32:


Asherlee10 posted...
What caused the hike?

Drama over an upgrade to the btc code is fizzling away

pls posted...
It's a bubble. There's no inherent value to those tokens. If you want to invest money, buy index funds or real estate.

This dude is literally calling btc a bubble then recommends REAL ESTATE. Jesus fucking christ how are you actually this dense.
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twitterfriends
10/12/17 10:39:08 AM
#33:


Don't act like index funds or real estate is any safer to invest in than Bitcoin, everything is backed by people's demands that's where value comes from. Plus you can do more with Bitcoin than just invest it is practical and for some people it's a store of value that helps combat crazy inflation happening in their country.
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clearaflagrantj
10/12/17 10:40:00 AM
#34:


drunkmuggle posted...
should've have put have my btc into alt coins lol but I'm still up slightly. still this is pretty nuts

In the recent pump BTC gained from people shifting away from alt coins. Staying in btc was a smart move.
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Damn_Underscore
10/12/17 10:40:07 AM
#35:


it literally has no use as an actual currency
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Balrog0
10/12/17 10:49:05 AM
#36:


Damn_Underscore posted...
it literally has no use as an actual currency


it does in some limited areas and places, but lots of people are speculating that countries are going to move to blockchain currencies in the next decade or so
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Balrog0
10/12/17 10:49:20 AM
#37:


singapore will be the first adopter from what i hear
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pls
10/12/17 10:55:43 AM
#38:


clearaflagrantj posted...
This dude is literally calling btc a bubble then recommends REAL ESTATE. Jesus f***ing christ how are you actually this dense.


Real estate can be in a bubble but the model isn't inherently a bubble.
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courier_nv
10/12/17 11:19:30 AM
#39:


clearaflagrantj posted...
I bet plenty of people were claiming the Internet wouldn't be a big deal either.

people always under and overhyped new technology. doesn't change the fact that you are getting a bit overzealous here.
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refmon
10/12/17 11:23:40 AM
#40:


Do I just invest 1k or what?
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pls
10/12/17 11:24:13 AM
#41:


courier_nv posted...
clearaflagrantj posted...
I bet plenty of people were claiming the Internet wouldn't be a big deal either.

people always under and overhyped new technology. doesn't change the fact that you are getting a bit overzealous here.


The internet had an obvious purpose. Cryptocurrencies don't.
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Anarchy_Juiblex
10/12/17 11:27:15 AM
#42:


pls posted...
Cryptocurrencies don't.


lol. Same as cash but digital, that's an obvious purpose.
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mortimerjames
10/12/17 11:28:49 AM
#43:


at least the internet wasn't trying to devalue our money and bring down civilization as we know it

seriously whats gonna happen when bitcoin is trading for millions? thats what you guys want right?
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clearaflagrantj
10/12/17 11:57:25 AM
#44:


We're about to cross $5,300.

mortimerjames posted...
at least the internet wasn't trying to devalue our money and bring down civilization as we know it

seriously whats gonna happen when bitcoin is trading for millions? thats what you guys want right?

No more fucking government bailouts to companies, no more loaning out money made of thin air, this is a fucking utopia in the making. A currency owned by the people, decentralized.
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clearaflagrantj
10/12/17 11:58:49 AM
#45:


mortimerjames posted...
seriously whats gonna happen when bitcoin is trading for millions? thats what you guys want right?

Besides, there are 15.7 million millionaires in America alone. If each of Bitcoin's 21 million coins were worth a million, that would barely change the already glaring problem if wealth inequality.
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qyll3
10/12/17 12:00:44 PM
#46:


Prediction: bitcoin hits $6500 before it crashes back down to sub-5000.
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Balrog0
10/12/17 12:01:57 PM
#47:


clearaflagrantj posted...
No more fucking government bailouts to companies, no more loaning out money made of thin air, this is a fucking utopia in the making. A currency owned by the people, decentralized.


man this seems incredibly idyllic
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BignutzisBack
10/12/17 12:08:06 PM
#48:


Can I buy a piece of a coin? Seems complicated to buy
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clearaflagrantj
10/12/17 12:10:06 PM
#49:


BignutzisBack posted...
Can I buy a piece of a coin? Seems complicated to buy

Go to Coinbase.com

Make an account

Link your bank account or credit card

Buy any amount of BTC you want. You can buy a fraction (i.e. 0.01BTC for $53).

That's it
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qyll3
10/12/17 12:10:19 PM
#50:


The problem is that most of bitcoin's (and other crypto) value comes from speculation. That's because a Pacman-shaped size of the pie of investors (including myself), treat bitcoin as a stock rather than a currency. The shift in perception of bitcoin from the former to the latter is required for its value to increase by an order of magnitude.
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BignutzisBack
10/12/17 12:11:32 PM
#51:


clearaflagrantj posted...
BignutzisBack posted...
Can I buy a piece of a coin? Seems complicated to buy

Go to Coinbase.com

Make an account

Link your bank account or credit card

Buy any amount of BTC you want. You can buy a fraction (i.e. 0.01BTC for $53).

That's it


If I spend $106 what do you think it will br worth in 5 years?
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