Current Events > Bitcoin breaks $5,000

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pls
10/12/17 12:26:11 PM
#52:


Balrog0 posted...
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


It's the type of wishy-washy poppycock nonsense that cryptocurrency enthusiasts tell one another so that other people will keep buying and driving up the bubble.
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clearaflagrantj
10/12/17 12:28:53 PM
#53:


BignutzisBack posted...
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?


1BTC = $100K easily, that means $2,000 for you.
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Anarchy_Juiblex
10/12/17 12:34:11 PM
#54:


clearaflagrantj posted...
1BTC = $100K easily


LOL
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Pitlord_Special
10/12/17 12:37:08 PM
#55:


5 years ago a bitcoin bought you a pizza
Today it buys you a car
5 years from now it will buy you a house

You really want to be scraping millionths of a bitcoin off the digital street and cursing your lack of foresight to buy when it was only $5,000?
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pls
10/12/17 12:50:58 PM
#56:


Bitcoin will never be $100k
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BignutzisBack
10/12/17 12:57:41 PM
#57:


Wtf is this 200 dollar weekly limit shit?
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BignutzisBack
10/12/17 3:03:31 PM
#58:


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BlazinBlue88
10/12/17 3:05:30 PM
#59:


BignutzisBack posted...
How do I mine bitcoin?

Not worth it. Go mine another coin.
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clearaflagrantj
10/12/17 4:04:29 PM
#60:


BignutzisBack posted...
How do I mine bitcoin?

@clearaflagrantj

Mining Btc is worthless because 1. You're competing with massive Chinese factories with specialized computers built specifically for mining, and 2. Your GPU will barely be able to offset the cost of electricity you'll ve using + wear and tear on your card.

As another poster said, mine something else. Vertcoin is a BTC clone that is meant to be mined by GPUs and it is gaining in popularity. I bought some, seems to be worth mining.

pls posted...
Bitcoin will never be $100k


Mind if I put you in my sig?
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metralo
10/12/17 4:05:10 PM
#61:


bitcoin will soar into the millions. in as early as 5 years bitcoin will be the new standard.
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clearaflagrantj
10/12/17 4:07:07 PM
#62:


metralo posted...
bitcoin will soar into the millions. in as early as 5 years bitcoin will be the new standard.

Hyperbitcoinization is a very real possibility

Especially if the world sees another '08 style financial crisis.
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BignutzisBack
10/12/17 4:36:55 PM
#63:


@clearaflagrantj is it true that coinbase actually owns my bitcoin and that a "fork" could take it away?
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krazychao5
10/12/17 4:49:52 PM
#64:


BignutzisBack posted...
@clearaflagrantj is it true that coinbase actually owns my bitcoin and that a "fork" could take it away?

No, they do not own it. A fork will create a new coin, and you should receive equal of the new coin as you have bitcoin.

What's cool about bitcoin is that it has a set limit, unlike real currency, where the US can just keep printing money which results in devaluation of old currency. You can also take it offline, but that means you can lose it. The market cap of bitcoin isn't the true market cap because it is expected that 1-3 million bitcoin is lost forever.
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clearaflagrantj
10/12/17 5:35:35 PM
#65:


krazychao5 posted...

No, they do not own it. A fork will create a new coin, and you should receive equal of the new coin as you have bitcoin.

This is not true, if your crypto is on an exchange, you do not physically own the coin, you do not have the private key.

For example, if you owned Bitcoin before the BCH fork, Coinbase did not give you your BCH yet (they plan to starting January 2018). They could have even kept it if they wanted to. Bittrex did not give out the airdrop of GAS for NEO owners and has no intention on doing so.

If your BTC is not on your hardware wallet, paper wallet, or phone/desktop/cold storage wallet, you do not own it.

As of right now Coinbase hasn't given a clear answer on whether they support B2X or not, so it's risky to leave your Bitcoin on their exchange. I would advise pulling all BTC off ASAP.

So to answer this question:

BignutzisBack posted...
@clearaflagrantj is it true that coinbase actually owns my bitcoin and that a "fork" could take it away?


Nobody knows for sure yet. Right now BTC nodes are mostly signaling for BTC, yet most miners intend to mine B2X. Coinbase could potentially convert all BTC into B2X and call it "Bitcoin," and considering the confusion that might take place in a contentious fork, some people might get burned.

This is one of the many cases why you should be in control of your own private keys, pull your BTC off the exchanges.
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Smoke944
10/12/17 5:41:35 PM
#66:


clearaflagrantj posted...
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.


Lmao
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wasserpanzer
10/12/17 5:48:05 PM
#67:


I'm honestly surprised to see so many ignorant people. All it takes is some googling, geeze.

If you don't think crypto has a future, you are, without a doubt, an idiot.
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emblem boy
10/12/17 6:09:00 PM
#68:


Wait clear, how should I be pulling my stuff off coinbase?
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clearaflagrantj
10/12/17 6:26:10 PM
#69:


emblem boy posted...
Wait clear, how should I be pulling my stuff off coinbase?

Ideally on a cold storage offline computer or a hardware wallet like a Trezor or Ledger Nano S

You could put them all on a mobile wallet but it's not as safe.

https://bitcoin.org/en/choose-your-wallet
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BignutzisBack
10/12/17 6:35:50 PM
#70:


do you know when the next fork will be? Is it safe to keep in coinbase until the fork approaches?
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MarqueeSeries
10/12/17 6:43:45 PM
#71:


is it worth buying from coinbase if there's a fork coming up? Is there a trusted exchange site that doesn't support forks?
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twitterfriends
10/12/17 11:38:58 PM
#72:


agcKwiR

You can buy Bitcoin from Coinbase and pull it out before the fork happens in November, I think you have plenty of time. It takes about 3 days for people get approved and 3 days for a deposit to go through.

EDIT:
Actually I just saw this tweet from Coinbase today.
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clearaflagrantj
10/13/17 7:58:30 AM
#73:


Bump
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emblem boy
10/13/17 9:01:56 AM
#74:


clearaflagrantj posted...
emblem boy posted...
Wait clear, how should I be pulling my stuff off coinbase?

Ideally on a cold storage offline computer or a hardware wallet like a Trezor or Ledger Nano S

You could put them all on a mobile wallet but it's not as safe.

https://bitcoin.org/en/choose-your-wallet


Which of the desktop ones are recommended?
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MrResetti
10/13/17 9:02:33 AM
#75:


To think at one point I had 11 Bitcoin :/
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Giblet_Enjoyer
10/13/17 9:08:21 AM
#76:


I'm sick of this piece of shit causing my altcoins to stagnate

Fucking bitcoin cabal AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAa
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IdiotMachine
10/13/17 9:24:40 AM
#77:


eh what the hell. I bought $1000 worth, or 0.17040353 BTC after fees.
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fuzzylittlbunny
10/13/17 9:41:44 AM
#78:


I actually wanted to try this, but apparently I can't do so in Hawaii :<
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wasserpanzer
10/13/17 12:57:14 PM
#79:


IdiotMachine posted...
eh what the hell. I bought $1000 worth, or 0.17040353 BTC after fees.

Not much point owning less than at least 1.

Also I wouldn't really recommend coinbase to anyone, they're a little sketch. The only reason I use them is because they're convenient and pretty much the only ones that have an app that also allow you to buy with credit.
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krazychao5
10/13/17 1:24:31 PM
#80:


wasserpanzer posted...
IdiotMachine posted...
eh what the hell. I bought $1000 worth, or 0.17040353 BTC after fees.

Not much point owning less than at least 1.

Also I wouldn't really recommend coinbase to anyone, they're a little sketch. The only reason I use them is because they're convenient and pretty much the only ones that have an app that also allow you to buy with credit.

Sucks that it is a 4% fee to use credit instead of 1% for bank transactions. Isn't worth it.
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GreatEvilEmpire
10/13/17 1:58:51 PM
#81:


Hedge funds are getting into the game and they're pushing the price up. There is a lot of manipulation going on right now. The market always need greater fools to keep it going... and there are a lot of greater fools out there.
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clearaflagrantj
10/13/17 4:10:23 PM
#82:


Giblet_Enjoyer posted...
I'm sick of this piece of shit causing my altcoins to stagnate

Fucking bitcoin cabal AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAa

Same shit happened three months ago. People are moving from their altcoins into the big three, let this rally finish and all the altcoins will go back up and higher.
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Rob Cesternino
10/13/17 4:23:16 PM
#83:


Ethereum is up too, woohoo
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BignutzisBack
10/13/17 5:21:23 PM
#84:


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MrResetti
10/13/17 7:09:23 PM
#85:


BignutzisBack posted...
What will a bitcoin be worth in 2025?


12 dogecoin
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Giblet_Enjoyer
10/13/17 11:17:53 PM
#86:


clearaflagrantj posted...
Giblet_Enjoyer posted...
I'm sick of this piece of shit causing my altcoins to stagnate

Fucking bitcoin cabal AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAa

Same shit happened three months ago. People are moving from their altcoins into the big three, let this rally finish and all the altcoins will go back up and higher.

For sure, I got hands of steel.

Fucking annoying though. Really wish I had sold everything for BTC before this shitshow started so I could buy back in and get like 2-3x as many of my alts. Oh well, maybe next time.
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Giblet_Enjoyer
10/13/17 11:19:26 PM
#87:


wasserpanzer posted...
Not much point owning less than at least 1.

Won't he still get his Bitcoin Gold? If that's the case, I don't see why it matters.

He should get 1.7 bitcoin gold if he has .17 BTC, no?
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Ruvan22
10/13/17 11:20:09 PM
#88:


So would you recommend against investing less than $200?
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Anteaterking
10/13/17 11:46:14 PM
#89:


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Giblet_Enjoyer
10/13/17 11:51:10 PM
#90:


Ruvan22 posted...
So would you recommend against investing less than $200?

Who, me?

I think $200 is fine, make the right moves and you can multiply that bitch x10 in just a couple months

Now is a really good time to buy the more obscure alt coins (things that aren't Bitcoin, Ethereum, Monero, etc.) because prices have tanked hard since these Bitcoin shenanigans started. Buy a shitload of Obsidian if you wanna see fat gains by December
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tiddies
10/13/17 11:51:53 PM
#91:


ill buy some when it dips
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GOATSLAYER
10/13/17 11:54:01 PM
#92:


Is it a bad idea to invest in gold instead?
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BignutzisBack
10/14/17 12:01:41 AM
#93:


Giblet_Enjoyer posted...
Ruvan22 posted...
So would you recommend against investing less than $200?

Who, me?

I think $200 is fine, make the right moves and you can multiply that bitch x10 in just a couple months

Now is a really good time to buy the more obscure alt coins (things that aren't Bitcoin, Ethereum, Monero, etc.) because prices have tanked hard since these Bitcoin shenanigans started. Buy a shitload of Obsidian if you wanna see fat gains by December


what app can I use to buyt Obsidian @Giblet_Enjoyer
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tiddies
10/14/17 12:03:21 AM
#94:


lol. I bought 64 ARK when it was $0.74 each ($50 CDN) and forgot about it for months. Now it's $2.76 ($220 CDN)

invest in crypto and you'll make money during your sleep
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Giblet_Enjoyer
10/14/17 12:06:04 AM
#95:


BignutzisBack posted...
Giblet_Enjoyer posted...
Ruvan22 posted...
So would you recommend against investing less than $200?

Who, me?

I think $200 is fine, make the right moves and you can multiply that bitch x10 in just a couple months

Now is a really good time to buy the more obscure alt coins (things that aren't Bitcoin, Ethereum, Monero, etc.) because prices have tanked hard since these Bitcoin shenanigans started. Buy a shitload of Obsidian if you wanna see fat gains by December


what app can I use to buyt Obsidian @Giblet_Enjoyer

I'm not sure, I use my PC to buy memecoins. Just make an account on cryptopia, that's the only exchange right now that sells Obsidian.

Here's a link just in case you're too incompetent to avoid ending up on a phishing site https://www.cryptopia.co.nz/Exchange/?market=ODN_BTC

That coin is being listed on another exchange called HITBTC on the 15th, the price will likely go up when that happens so now is the time to buy IMO.

Btw if you aren't familiar with any of this, what you gotta do is buy Bitcoin from a site like Coinbase, then make an account on Cryptopia, then go to your balances on Cryptopia and get your bitcoin address, and deposit the bitcoin you bought to that address and use it to buy Obsidian
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BignutzisBack
10/14/17 12:10:20 AM
#96:


Giblet_Enjoyer posted...
BignutzisBack posted...
Giblet_Enjoyer posted...
Ruvan22 posted...
So would you recommend against investing less than $200?

Who, me?

I think $200 is fine, make the right moves and you can multiply that bitch x10 in just a couple months

Now is a really good time to buy the more obscure alt coins (things that aren't Bitcoin, Ethereum, Monero, etc.) because prices have tanked hard since these Bitcoin shenanigans started. Buy a shitload of Obsidian if you wanna see fat gains by December


what app can I use to buyt Obsidian @Giblet_Enjoyer

I'm not sure, I use my PC to buy memecoins. Just make an account on cryptopia, that's the only exchange right now that sells Obsidian.

Here's a link just in case you're too incompetent to avoid ending up on a phishing site https://www.cryptopia.co.nz/Exchange/?market=ODN_BTC

That coin is being listed on another exchange called HITBTC on the 15th, the price will likely go up when that happens so now is the time to buy IMO.

Btw if you aren't familiar with any of this, what you gotta do is buy Bitcoin from a site like Coinbase, then make an account on Cryptopia, then go to your balances on Cryptopia and get your bitcoin address, and deposit the bitcoin you bought to that address and use it to buy Obsidian


wtf I can't buy it with cash?
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EpicMickeyDrew
10/14/17 12:13:17 AM
#97:


BignutzisBack posted...
Giblet_Enjoyer posted...
BignutzisBack posted...
Giblet_Enjoyer posted...
Ruvan22 posted...
So would you recommend against investing less than $200?

Who, me?

I think $200 is fine, make the right moves and you can multiply that bitch x10 in just a couple months

Now is a really good time to buy the more obscure alt coins (things that aren't Bitcoin, Ethereum, Monero, etc.) because prices have tanked hard since these Bitcoin shenanigans started. Buy a shitload of Obsidian if you wanna see fat gains by December


what app can I use to buyt Obsidian @Giblet_Enjoyer

I'm not sure, I use my PC to buy memecoins. Just make an account on cryptopia, that's the only exchange right now that sells Obsidian.

Here's a link just in case you're too incompetent to avoid ending up on a phishing site https://www.cryptopia.co.nz/Exchange/?market=ODN_BTC

That coin is being listed on another exchange called HITBTC on the 15th, the price will likely go up when that happens so now is the time to buy IMO.

Btw if you aren't familiar with any of this, what you gotta do is buy Bitcoin from a site like Coinbase, then make an account on Cryptopia, then go to your balances on Cryptopia and get your bitcoin address, and deposit the bitcoin you bought to that address and use it to buy Obsidian


wtf I can't buy it with cash?

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BignutzisBack
10/14/17 12:15:32 AM
#98:


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Giblet_Enjoyer
10/14/17 12:20:24 AM
#99:


BignutzisBack posted...

wtf I can't buy it with cash?

Nah you gotta buy with bitcoin, sorry

Not that big a deal, it only adds one more step
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Manocheese
10/14/17 12:22:13 AM
#100:


@Distortoise
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clearaflagrantj
10/14/17 12:47:04 AM
#101:


Anteaterking posted...
How much do you know on the technical side about cryptocurrencies Clear?

Not enough, I read the whitepapers, do minimal research on the developers, and I invest mostly on instinct when it comes to altcoins. For example I feel like WTC and LINK are solving a problem and will be potentially worth a fuckload, XMR is the best private crypto and will ultimately be sought after, BAT and SC (yes, I'm long on SC) provide a useful service that investors will eventually back.

But I have definitely FOMO'd into the likes of OMG and NEO. And I like VTC even though my gut tells me a coin dependent on GPU mining means whales probably won't invest in it.

TL;DR I'm at a roulette table putting $50-$200 down on certain altcoins based on educated guesses. I probably should've went 100% BTC/ETH/LTC but altcoins are even more volatile and fun. Maybe one of them will explode 100x in value overnight, who knows.
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