Current Events > Bitcoin is now over $14,000.

(+) Yeah! (+)

Amazing. It was 5,000 just a couple months ago.
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It just broke $13,000 just hours ago I thought. It just doesn't stop!
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Let mine run up then bought some alts
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Should I sell now

I'm slightly confused that nicehash had Bitcoin stolen and it's going up? Normally this would crash it

sLaCkEr408___RJ posted...

Should I sell now

I would fucking sell

VideoboysaysCube posted...

It just broke $13,000 just hours ago I thought. It just doesn't stop!

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I'm rich BITCH
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iamintents posted...

Let mine run up then bought some alts

ETHBTC ratio is getting absolutely battered.

It's absurd how badly BTC is leaving everything in the dust.

Best case scenario BTC flies up to something stupid like 40K and corrects to 20K and all the alts recover to their typical ratios.

stevethewindow posted...

I'm slightly confused that nicehash had Bitcoin stolen and it's going up? Normally this would crash it

1. It's only $60M

2. It's a failure of Nicehash, Bitcoin is unaffected

3. Lightning Network had a successful test, which is the most significant crpyto news in history

4. Futures market FOMO still strong

hell yeah
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$14,145.50
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So it'll be $20k by Christmas?
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i had ~100 bitcoins from like 2012, sold 50 of them when price was $1500 and holding on to the last 50, but will probably sell soon for a tidy profit

lesidesi posted...

i had ~100 bitcoins from like 2012, sold 50 of them when price was $1500 and holding on to the last 50, but will probably sell soon for a tidy profit

You have almost $1 million in Bitcoin?
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Feline_Heart posted...

lesidesi posted...

i had ~100 bitcoins from like 2012, sold 50 of them when price was $1500 and holding on to the last 50, but will probably sell soon for a tidy profit

You have almost $1 million in Bitcoin?

not really, i know it can break any second and i'm under no illusions

i'm a boring trader at a hedge fund by day so i just think of my personal bitcoin as a cheap option

It's dipping a bit

13,910.99
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lesidesi posted...

i had ~100 bitcoins from like 2012, sold 50 of them when price was $1500 and holding on to the last 50, but will probably sell soon for a tidy profit

Good luck even seeing the real money as all the exchanges are freezing and closing transactions

Back over $14k again
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Sell now before it crashes
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How the hell is bitcoin not a scam?

And for that matter not moddable for being a "make money fast" scheme.
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Crazyman93 posted...

How the hell is bitcoin not a scam?

And for that matter not moddable for being a "make money fast" scheme.

It kind of is a scam though. Because it's hard to actually manage it properly, and it's a bit more complicated to make tons of money from it. Unless you bought a shit load of it at start and just sat on it.

If I was going to invest in something that would actually be a wiser choice. It would be something like an IRA or an actual investment portfolio.
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wolverinev2 posted...

If I was going to invest in something that would actually be a wiser choice. It would be something like an IRA or an actual investment portfolio.

Exactly. That's what's worked for decades, people just want fast money. I can't wait to hear the "back to rags" story of a rags to riches bitcoin buyer. Just like the lottery.
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why do you WANT to hear back to rags stories? why bother wishing ill on other people?

Crazyman93 posted...

How the hell is bitcoin not a scam?

Because people believe it's worth something.

Real money is involved and you can actually by things with it.

Cryptos are here. Get with it or get left behind.
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Crazyman93 posted...

wolverinev2 posted...

If I was going to invest in something that would actually be a wiser choice. It would be something like an IRA or an actual investment portfolio.

Exactly. That's what's worked for decades, people just want fast money. I can't wait to hear the "back to rags" story of a rags to riches bitcoin buyer. Just like the lottery.

You can do both. All the money I've put into crypto is after I invest the yearly limits for my 401k/IRA
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HypnoCoosh posted...

Crazyman93 posted...

How the hell is bitcoin not a scam?

Because people believe it's worth something.

Real money is involved and you can actually by things with it.

Cryptos are here. Get with it or get left behind.

PEople believe a lot of stupid things. There are still people who believe the Earth is flat. People believing something is true means nothing.

Real money is also involved in Holistic medicine, most of which is a scam. And Steam stopped accepting Bitcoin to the confusion of literally everyone because they didn't know they ever accepted it. The only thing you can buy with Bitcoin is porn, sexdolls, and illicit transactions on places like the Silk Road's successors.

This sounds like an advertising slogan.
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I'm so upset that I didn't jump on this back when my aunt broke it all down to me. It was only at $275 at that time and made perfect sense. Sounded like the perfect investment. It dipped down to like 100 something tho so I decided not to. If only I had bought some at that 100 valley :(
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Crazyman93 posted...

HypnoCoosh posted...

Crazyman93 posted...

How the hell is bitcoin not a scam?

Because people believe it's worth something.

Real money is involved and you can actually by things with it.

Cryptos are here. Get with it or get left behind.

PEople believe a lot of stupid things. There are still people who believe the Earth is flat. People believing something is true means nothing.

Real money is also involved in Holistic medicine, most of which is a scam. And Steam stopped accepting Bitcoin to the confusion of literally everyone because they didn't know they ever accepted it. The only thing you can buy with Bitcoin is porn, sexdolls, and illicit transactions on places like the Silk Road's successors.

This sounds like an advertising slogan.

http://78.media.tumblr.com/b676ec59de896b0260b0c27c1c655c90/tumblr_o5v3t8Uhz61qmob6ro1_500.gif
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goldenBoi45 posted...

I'm so upset that I didn't jump on this back when my aunt broke it all down to me. It was only at $275 at that time and made perfect sense. Sounded like the perfect investment. It dipped down to like 100 something tho so I decided not to. If only I had bought some at that 100 valley :(

I wouldn't dwell on it too much. I knew about it for years too. But, knowing myself, I figure if I bought it early I likely would have sold it for whatever profit I could take after the Mt Gox fiasco.
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HypnoCoosh posted...

Crazyman93 posted...

HypnoCoosh posted...

Crazyman93 posted...

How the hell is bitcoin not a scam?

Because people believe it's worth something.

Real money is involved and you can actually by things with it.

Cryptos are here. Get with it or get left behind.

PEople believe a lot of stupid things. There are still people who believe the Earth is flat. People believing something is true means nothing.

Real money is also involved in Holistic medicine, most of which is a scam. And Steam stopped accepting Bitcoin to the confusion of literally everyone because they didn't know they ever accepted it. The only thing you can buy with Bitcoin is porn, sexdolls, and illicit transactions on places like the Silk Road's successors.

This sounds like an advertising slogan.

http://78.media.tumblr.com/b676ec59de896b0260b0c27c1c655c90/tumblr_o5v3t8Uhz61qmob6ro1_500.gif

I agree, dissecting your post was completely pointless.
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Don't get on board that's fine.

But I think it's just plain stupid to think crypto currency isn't a thing. It's not going away it has way too much momentum and block chain solves a lot of problems we have seen and experienced with current money.
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It's legally not a currency in the US, in fact, it's legally a security, which places it under the SEC which also regulates the commodity market and the Stock Exchange.
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goldenBoi45 posted...

I'm so upset that I didn't jump on this back when my aunt broke it all down to me. It was only at $275 at that time and made perfect sense. Sounded like the perfect investment. It dipped down to like 100 something tho so I decided not to. If only I had bought some at that 100 valley :(

You would've sold long before it reached this point
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From what I have read and it may be a bit old school is this. There is nothing wrong per say with putting money into speculation/gambling. You just have to know when to walk away, and know how much you are willing to lose.

People right now putting all their hopes in dreams into it.. Are going to wonder where all that money went, because of how Bitcoin or any crypto currency works. But, if you put like say $50 -$100 bucks in it and just let it sit for awhile and it went down in value. You wouldn't lose that much money in the long term. It should be treated like a casino. You walk in with $100, and walk out when the $100 is gone. That way you don't end up bankrupting yourself.

Also, the world usually doesn't treat people who get rich quickly that well in the long term.
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Crypo Currency is a thing. I get that but I have a legit question about actually cashing out.

Let's say I have 10 bitcoins right now. What is the process that I would take, how long would it take and how much cash would I walk away with. Lets assume the 14k value for easy even numbers. This has always been something I am curious about how easy it is to actually cash out.

Crazyman93 posted...

It's legally not a currency in the US, in fact, it's legally a security, which places it under the SEC which also regulates the commodity market and the Stock Exchange.

Keep your cash and traditional investments I know I have.

No one is forcing you to invest or use cryptos.
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FLUFFYGERM posted...

Sell now before it crashes

lol naw it's not gonna stop going up till next year
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It is quite interesting how a completely fictional currency has gathered so much worth. It's insane.
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Perascamin posted...

It is quite interesting how a completely fictional currency has gathered so much worth. It's insane.

Hype. The only reason it has any value is idiots are hyped enough that they are willing to buy it for that value.
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apocalyptic_4 posted...

FLUFFYGERM posted...

Sell now before it crashes

lol naw it's not gonna stop going up till next year

no offence or anything but i would never take financial advice from a single person on ce

sLaCkEr408___RJ posted...

Should I sell now

your call. When BTC hit $1300, it crashed to $700, but eventually recovered
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Shadow_Of_Fenix posted...

Crypo Currency is a thing. I get that but I have a legit question about actually cashing out.

Let's say I have 10 bitcoins right now. What is the process that I would take, how long would it take and how much cash would I walk away with. Lets assume the 14k value for easy even numbers. This has always been something I am curious about how easy it is to actually cash out.

It's easy enough for smaller amounts. You cash out at an exchange that will let you trade it for US dollars. Or you could find private buyers which would require trust between the two of you.

Think of the cryptocurrencies as gold that you would keep in a safe somewhere and the exchanges as coin shops that will buy it from you for US dollars.
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It seems like the only value cryptocurrency has is in speculation. People arent spending it. It is just being hoarded. The demand is solely due to people wanting in on a promise
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josifrees posted...

It seems like the only value cryptocurrency has is in speculation. People arent spending it. It is just being hoarded. The demand is solely due to people wanting in on a promise

and what do you think legal tender is?
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It amazes me that bitcoin's biggest fanatics are usually keen to make sure everyone knows they have next to no grasp on basic economics.
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all coins except BTC are dipping. I have been waiting to buy some XMR. I hear it's gonna become big with the black market due to its privacy features
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as much as i think bitcoin is a scam, its free money right now

Is bitcoin being used as legal tender? I know some places accept it but how many people are actually purchasing good with it?

What is fueling the demand for CC?
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