Bitcoin skyrockets above $7,000

[CarnageParticipant 22113]

Anonymous wrote:

Carnage wrote:

Maybe precious metal are the wrong horse, but I will bet on it anyway.

You can’t mold and pour Bitcoins into tangible hardware or electronics, the intrinsic value is 0, useless to all manufacturing.

We are old folks. The value of things is not their utility anymore but the “coolness “ of it.

Like Facebook, in my book Facebook worth is -1

To those following me, be careful, I just farted. Men those beans are killers.

[CarnageParticipant 22113]

And let’s face it, gold doesn’t have much industrial utility lately, silver is cheaper and better conductor anyway, although grafeno is even better conductor.

I don’t know what’s gonna happen, but I know I don’t like bitcoin, I never liked virtual things. S~~~ is up to no good.

To those following me, be careful, I just farted. Men those beans are killers.

[743 roadmasterParticipant]

You are one of the few that uses physical currency. I use physical currency. I also know that I am so rare that when I go buy something I had better check my change because the check out person is not use to getting and giving currency.

Right now there is an active movement in a lot of governments to remove physical currency. One big reason is the relationship between crime and physical currency. Second the governments do not have to go through the expense of having to create physical currency. http://www.foxbusiness.com/features/2017/05/10/end-physical-currency-coming-in-2017.html

The difference between your euro and a bitcoin even now is just semantics.

mgtow is its own worst enemy- https://www.campusreform.org/

[SandalsParticipant 4253]

743 roadmaster wrote:

The dollar is only backed by your faith in the ability to use it as currency.

Not quite. The dollar, at least today, backed only by the fact that if you use something else, the terrorist organization known as the Eff Bee Eye will raid your s~~~ and steal all your wealth, guns blazing, arrest you, and put you in jail.

[Old BuckParticipant 3596]

After my 401k took a s~~~ in ’08 and lost 43% of its value, I have a real hard time investing in non-tangible assets.

All currency these days are just digital signals processed between banks.

I have invested in ammunition and reloading supplies. When there is a major crises, I will be sitting on an asset easily tradeable for goods and services.

Gold would be useless in trade in an environment where people are killing each other for food.

Don't chase tail. Turn yours around, walk away, and live free!

[SH3LLZParticipant 5569]

You and me both brother. This is absolutely incredible! SMH

#ICETHEMOUT!!! #MANOUT!!! #HIDEYOURWEALTH #VAGINAISWORTHLESS

[KeymasterKeymaster]

Be aware here.

On Nov 15th, Bitcoin is doing a “fork” and coinbase is rewarding Bitcoin holders (before Nov 15th) with an equal amount of Bitcoin 2x.

( Don’t quote me, but that’s about $1200 for each bitcoin. )

Lots of people are trying to scramble in before Nov.15th.

It’s my opinion you’ll see a MAJOR correction after that. Back to $4200-5000? Maybe less? Maybe not at all? Who can say. But I would imagine a big pull back is imminent after the 16th.

Maybe they are not selling into the strength right now because they want the credits. But it’s due for a pull back. $7567 right now. That’s totally irrational.

As long as you know there is this thing on the 15th.

If you keep doing what you've always done... you're gonna keep getting what you always got.

[743 roadmasterParticipant]

Interesting. Like a stock split then.
I wonder how close the people keep track of the total number of coins. Read in a news bit a few weeks back the people in Argentina are getting by mining bitcoin to buy food/supplies.

mgtow is its own worst enemy- https://www.campusreform.org/

[KeymasterKeymaster]

Just to follow up here. News today reddit/r/bitcoin about the Nov 15th fork NO LONGER TAKING PLACE. Lots of big implications here, but the short story is it’s not happening. Plenty of companies and developers have invested thousands of hours (and million$) into making it happen, but it’s called off. A big WTF for many.

If you’re really into following it, the hardcore/daily talk about this is over at reddit. Bitcoin spiked to roughly $7800 today(?) and plunged down to $6900 -ish now back to $7300.

Reminder: Ignore anyone else when it comes to investment decisions and always make up your own mind.

If you keep doing what you've always done... you're gonna keep getting what you always got.

[743 roadmasterParticipant]

https://www.wsj.com/articles/bitcoin-the-worlds-most-dramatic-bubble-ever-1510303095

mgtow is its own worst enemy- https://www.campusreform.org/

[KeymasterKeymaster]

Just a marker Bitcoin churning to $10,000. +$9700 today.

Ethereum at $480 too!

People coming back from Thanksgiving weekend gonna be like:

People coming back from long weekend to find Bitcoin at +$9000 and Ethereum at $460 be like . . . . pic.twitter.com/bfeXV7eyPU

— MGTOW.COM (@MGTOW) November 26, 2017

If you keep doing what you've always done... you're gonna keep getting what you always got.

[743 roadmasterParticipant]

I see that in the news up almost 3k in so short amount of time,…makes me wonder if a crash is in the works.

https://www.msn.com/en-us/money/markets/dollar10000-in-sight-for-bitcoin-as-it-rockets-to-new-record-high/ar-BBFLZWt?OCID=ansmsnnews11

$10,000 in sight for bitcoin as it rockets to new record high

mgtow is its own worst enemy- https://www.campusreform.org/

[UltimaThuleParticipant 32]

Jan Sobieski wrote:

Bubble?

Bitcoin has spiked and crashed many times in its nine-year history. It has been pronounced dead several times already. I’m pretty sure it’s going to crash again – and survive and go on.

[UltimaThuleParticipant 32]

Anonymous wrote:

Carnage wrote:

Maybe precious metal are the wrong horse, but I will bet on it anyway.

You can’t mold and pour Bitcoins into tangible hardware or electronics, the intrinsic value is 0, useless to all manufacturing.

Bitcoin is a permissionless, censorship-free, global digital ledger secured by vast reserves of computing power (it uses more power than Nigeria or Ireland). It is the oldest cryptocurrency and has weathered many crises and survived them all in a stride. It has high-quality developers and it is very secure. Bitcoin has been hacked exactly once in its infancy, in 2010. Those transactions were forgotten and the chain was hard forked from a block before the hack. Almost nine years of operation without a major incident with a current market capitalization of over 130 billion USD.

Bitcoin is independent of any particular government or other central authority. China banned Bitcoin exchanges in its territory and the Bitcoin price took a hit but recovered rapidly. Some nations, such as Japan, are very Bitcoin friendly whereas some are not. Shutting down Bitcoin would require coordination by most of the 200 governments on Earth.

If you want to cross borders carrying an arbitrary amount of money, all you need to do is remember a string of 20 words from which you can generate a wallet. Try walking through customs with half a million dollars in bank notes in your bag. You can’t buy a very large amount of bitcoins anonymously and all transactions in the blockchain are public. But you can easily exchange your bitcoins into a privacy oriented cryptocurrency (that uses ring signatures, for example) on an exchange and then transfer the funds into another address using a fully private transfer. Then you can easily go back to bitcoin small amounts at a time if you need to. There are Bitcoin vending machines in most large cities that allow you to exchange bitcoins into fiat or vice versa. You can print the private keys (encrypted with a simple, easy to remember password) to the addresses where you hold your money on a paper and keep the paper in a stash somewhere if you prefer a paper wallet. Or you can keep your wallets on a phone without a SIM card and use public WiFi’s only. If you worry about your phone (the device itself) being tracked, you can keep changing the devices as long as you remember to copy the wallet files onto the new device.

Gentlemen, as mgtows, cryptocurrencies are your friend. Should you ever fall victim to the worst excesses of family court or something and need to disappear, cryptocurrencies are your #1 tool when it comes to money.

[Gravel PitParticipant]

Can you advise someone on how to get started in crpto? I’m basically computer illiterate but have read hundreds of articles about this stuff.

I watched bitcoin this entire year. I was actually going to try and buy one earlier this year when you could buy one for $3000. I wanted to finally do it after watching it grow for a few years.

Anyway, what should I do? Buy a nice laptop at Best Buy? Buy the Bitcoin or Etherium and then write down the Keys on a piece of paper and wait two years before I cash in?

I have no interest in really using it as currency. I just want to buy some and then wait a few years and then put all the money into a checking account and then withdraw it in cash.

[PrincekieParticipant 1042]

One thing I’ve learnt about investing online:

When stock/p2p goes up and looks profitable, there’s no shortage of peeps throwing their cybermoney around.

When stock looks shaky, and rumours of losses abound, everyone scrambles for the cyberexit…and you can guarantee there’s gonna be big losses.

[Author]

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