Current Events > Bitcoin is back above $6,000

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Complete_Idi0t
05/09/19 5:49:44 PM
#11:


93% of the world's electricity goes to bitcoin mining. SMH
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Perascamin
05/09/19 5:52:23 PM
#12:


The majority of the people don't have $3000 to spend on a completely made up concept that only has value of you're lucky enough to sell your completely made up concept with no value for americam money
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I've grown.
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apocalyptic_4
05/09/19 5:54:12 PM
#13:


Imagine buying cryptocurrency
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XBL: Mrpicardbottoms
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Hanky_Bannister
05/09/19 5:56:24 PM
#14:


apocalyptic_4 posted...
Imagine buying cryptocurrency

i did!

its all sitting in wallets or exchanges.

havent touched it in over a year
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Zack_Attackv1
05/09/19 5:56:52 PM
#15:


I don't care. This is still just a glorified hobby for me.
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TheMikh
05/09/19 5:57:51 PM
#16:


Perascamin posted...
The majority of the people don't have $3000 to spend on a completely made up concept that only has value of you're lucky enough to sell your completely made up concept with no value for americam money

Keynesian alert
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Anteaterking
05/09/19 6:04:06 PM
#17:


Hanky_Bannister posted...
or exchanges.


You should probably take it off of exchanges.
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cerealbox760
05/09/19 6:04:06 PM
#18:


I'm shorting bitcoin to 4800 soon. If bitcoin holds 4300-4900 when it dips, its bull market season. If you're not longing then, you dont like money and you love your job.
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cerealbox760
05/09/19 6:07:42 PM
#19:


Eth has to hold 160 in this next dip, otherwise its gonna get messy.
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EndOfDiscOne
05/10/19 9:37:09 AM
#20:


twitterfriends posted...
Need more time to accumulate please

I agree, it keeps climbing but I would live a dip soon. Almost $6,300 now.
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EndOfDiscOne
05/10/19 10:59:21 PM
#21:


$6,500 I am not ready for this train to take off
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DoctorVader
05/10/19 11:02:05 PM
#23:


Hahahaha
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cerealbox760
05/10/19 11:40:12 PM
#24:


oh god. If bitcoin trends sideways its Alt season again
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spudger
05/10/19 11:56:43 PM
#25:


wake me up when we get real use in 50 to 100 years when the global economy collapses
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-Only dead fish swim with the current
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Rob Cesternino
05/11/19 12:21:44 AM
#26:


cerealbox760 posted...
oh god. If bitcoin trends sideways its Alt season again


I want the altcoins to go up
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cerealbox760
05/11/19 4:54:40 AM
#27:


Eth to 320.
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cerealbox760
05/11/19 2:04:00 PM
#28:


spudger posted...
wake me up when we get real use in 50 to 100 years when the global economy collapses

I'd say 19% gains in wealth in one day is real use. keep sleeping though. By the time you wake up, most investors already pulled out.
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Blue_Inigo
05/11/19 2:09:53 PM
#29:


Complete_Idi0t posted...
Wow if I bought some earlier I would have only lost $14,000 per bitcoin

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"This is your last dance."
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spudger
05/11/19 2:10:14 PM
#30:


cerealbox760 posted...
spudger posted...
wake me up when we get real use in 50 to 100 years when the global economy collapses

I'd say 19% gains in wealth in one day is real use. keep sleeping though. By the time you wake up, most investors already pulled out.

oh i have the gains but there is no real usage for anything.

i bought xrp when it was .04

feel like i shoulda sold at its ath at 3.50 though
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-Only dead fish swim with the current
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Slaya4
05/11/19 2:24:54 PM
#31:


I've learned my lesson. I'm selling at $8000. It's the $20k craze all over again. This shit is crazy. It's gone up $200 in 10 minutes. It's so hard not to fomo in.
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K181
05/11/19 2:39:34 PM
#32:


It already got pump and dumped before. I wonder if its supporters will be just as shocked when it gets dumped again?
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Irregardless, for all intensive purposes, I could care less.
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TheMikh
05/11/19 3:24:06 PM
#33:


K181 posted...
It already got pump and dumped before. I wonder if its supporters will be just as shocked when it gets dumped again?

trading and speculation is intrinsically just that - pumping and dumping

a zero sum game

the real / long-term value lies in utility as a medium of exchange, and depending on the currency, privacy, programmability, etc.

i can elaborate a little on the economic theoretical underpinnings if you'd like
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cerealbox760
05/11/19 3:59:44 PM
#34:


TheMikh posted...
K181 posted...
It already got pump and dumped before. I wonder if its supporters will be just as shocked when it gets dumped again?

trading and speculation is intrinsically just that - pumping and dumping

a zero sum game

the real / long-term value lies in utility as a medium of exchange, and depending on the currency, privacy, programmability, etc.

i can elaborate a little on the economic theoretical underpinnings if you'd like

Day trading is game theory. Even the most successful businesses are overvalued in the stock market because public perception is everything. The utility is an afterthought if you're in it to make money.
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Tony_Biggie_Pun
05/11/19 11:11:28 PM
#35:


Bought some more earlier this month
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dj1200
05/11/19 11:58:41 PM
#36:


7k
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Sad_Face
05/12/19 12:17:29 AM
#37:


Congrats bitcoin holders. It broke 7K. I personally am investing in ChainLink since I want to support smart contracts. I'll get to bitcoin after its launch.
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cerealbox760
05/12/19 3:48:45 AM
#38:


I got rekt trying to short 7k. No trade zone for me
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Blade-wolf
05/12/19 4:26:32 AM
#39:


Buttcoin
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hustler
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Kaiganeer
05/12/19 4:41:00 AM
#40:


ponzi scheme
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SuperShake666
05/12/19 4:45:15 AM
#41:


Magic beans
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clearaflagrantj
05/12/19 12:02:40 PM
#42:


Time for a higher low
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spudger
05/12/19 12:04:04 PM
#43:


and alts go back down. lol

this roller coaster is a joke until we get utilization
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-Only dead fish swim with the current
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ArchiePeck
05/12/19 12:04:55 PM
#44:


Kaiganeer posted...
ponzi scheme


Do you have any idea what a ponzi scheme actually is? If so, please explain how buying and selling cryptocurrency is one.
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TheMikh
05/12/19 12:15:23 PM
#45:


Kaiganeer posted...
ponzi scheme

if you think crypto is a ponzi scheme

just wait until you learn how the us monetary system works
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Malfunction
05/12/19 12:16:22 PM
#46:


the two current uses for crypto: speculation and buying drugs online
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EndOfDiscOne
05/12/19 12:18:02 PM
#47:


I love the roller coaster. Volatility is good for investing, but I understand not what you want in a global currency. Were still a long way away from mass adoption.
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Tony_Biggie_Pun
05/12/19 12:21:00 PM
#48:


Seems like it's about to dip time to sell
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twitterfriends
05/12/19 12:27:49 PM
#49:


I think this summer is another alt season too.
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TheMikh
05/12/19 12:30:24 PM
#50:


Malfunction posted...
the two current uses for crypto: speculation and buying drugs online

also, transferring life savings when migrating from wartorn regions and survivng hyperinflation
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Malfunction
05/12/19 12:34:13 PM
#51:


it's funny when yall dudes pretend you have some predominantly humanitarian interest in bitcoin and dont just see it as a way to get rich quick and/or to live out your libertarian fantasies
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spudger
05/12/19 12:35:01 PM
#52:


Malfunction posted...
it's funny when yall dudes pretend you have some predominantly humanitarian interest in bitcoin and dont just see it as a way to get rich quick and/or to live out your libertarian fantasies

never seen anyone say this
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-Only dead fish swim with the current
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TheMikh
05/12/19 1:12:25 PM
#53:


Malfunction posted...
it's funny when yall dudes pretend you have some predominantly humanitarian interest in bitcoin and dont just see it as a way to get rich quick and/or to live out your libertarian fantasies

what are you mad about

the trading types might have a get-rich-quick interest

but my primary interest is not going down with the ship

i'm more than content with riding the tide however it goes, and applaud any benefits it brings to humanity
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Malfunction
05/12/19 1:45:17 PM
#54:


TheMikh posted...

what are you mad about

nothing

what are you mad about
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CE_gonna_CE
05/12/19 1:49:26 PM
#55:


Double bubble lets go!
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OctaviaMelody69
05/12/19 2:21:46 PM
#56:


Ah yiss
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clearaflagrantj
05/13/19 11:57:26 AM
#58:


Reading on subs/forums that apparently Bakkt was confirmed and also there are rumors of eBay officially accepting crypto payments

Boys if these both are true put on your moon boots because the peak from 2017 is going to look like a blip in hindsight.
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EndOfDiscOne
05/13/19 12:09:07 PM
#59:


Damn I was really hoping to have at least 1 BTC before it takes off. I may just FOMO my way there over the next few weeks if possible. It's flirting with $8,000 at the moment.
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I am the Cheese! I am the best character on the show! I am better than both the salami and the bologna COMBINED!
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Slaya4
05/13/19 12:10:34 PM
#60:


I believe Amazon will start to accept it too. Gemini is advertising on damn near every Muni bus out here in San Francisco too. Hopefully, tether get shutdown soon. Nothing but good things this far.

I went all in on crypto at $5000 just right before the rush. After playing with different alts and seeing a use case in my daily lifestyle traditional banking just doesn't do it anymore. It's so slow compaired to crypto. Sounds like a terrible idea, but meh, I'm young.
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Am I going too hard?
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josifrees
05/13/19 12:11:18 PM
#61:


Cant wait to see victims of pump and dump crying
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Quit Crying
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TheMikh
05/13/19 12:16:35 PM
#62:


josifrees posted...
Cant wait to see victims of pump and dump crying

Anyone who enters during a parabolic growth curve has nobody but themselves to blame when it inevitably corrects, especially after a lengthy bull market.
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