BitCoin Update

[Sherlock]

You are lucky that you just eat your words. There was a guy who said he will eat his ball if btc hits 10K this year.
He probably did it. https://www.reddit.com/r/Bitcoin/com...g_my_left_nut/
(I saw very weird things in hospital, but was not able to watch this, RZ will elaborate I am sure).

[yeahfree]

i'm really curious what the bitcoin futures are going to bring. the first one is going to start on the 10th of december from what i have read.
from what i understood it can be an excellent product to short bitcoin.

i have no idea how futures work. i am wondering, if you're a btc hodler, can you also use futures yourself to 'protect' against price crashes for instance? and if so, at which cost? is there anybody having experience with this?

[Cash Bonus]

It's now worth nearly $15,000.00 USD.

[Roulette Zeitung]

Bitcoin: In the wake of crime

Hackers have stolen 4,700 Bitcoins from NiceHash!
Thats a $68,000,000 prey.
NiceHash now is out of service and released an important press release on their website instead:

"[...] Unfortunately, there has been a security breach involving NiceHash website. We are currently investigating the nature of the incident and, as a result, we are stopping all operations for the next 24 hours. Importantly, our payment system was compromised and the contents of the NiceHash Bitcoin wallet have been stolen.[...]"

https://www.nicehash.com/

This is the future of Bitcoin and the true quintessence.
Homeland, it's your turn!

Leopold

[Sherlock]

You must be a twin of jstolfi (some brazilian professor obsessed by bitcoin and constantly trying to prove how it can not work, how is it a scam and so on; over the time he became true bitcoin expert in a way).

It is better just get some.

Btw. they robbed a gas station under the hill I live. No bitcoins stolen, but some local currency. Unlike by the nicehash hack, people were shot.

This is the future of the local fiat currency and the true quintessence.

Sherlock

[BestBonusBets]

It'll be 100k soon

[Sherlock]

I think it will not.

Mempool is again full, this is mania. Yes there are futures, yes people invest massively, yes there is LN, yes ETHereum is in **** with kittens and so on.
It can go over 20K, but to see > 50K now is I think impossible and it will land hard then. Still those prices are a miracle.

Bitcoin network is mining 900 bitcoins per day. At price 15K, it is 13,500,000 USD must be sold from miners per day. It is 400M per month, 5B per year. At 100K until halving comes it is like 33B USD worth of bitcoins come to the market from miners and must be sold if the price has to hold. (I am for simplicity not calculating fees from transactions). But this is just from miners. Also some people holding would be selling at higher price.

Although a lot of money is entering the market and much more will, those are huge numbers.

I hope I am wrong, but 100K has to wait for next halving and God knows how will crypto look like by then. Many good and horrible news in between.

Everyone should rather prepare for wild ride.

[-Shay-]

Bitcoin has been the talk of CNBC for the better part of the past week. Definitely beginning to get mainstream attention and interest.

[Cash Bonus]

It's now worth nearly $18,000.00 USD today.

[Sherlock]

It is wild. It is anywhere between 15 and 20K (20K in korea). Exchanges are down under massive inflow of traffic. Coinbase upgrade was designed for 8x smaller traffic than what they get. Even USD/BTC exchanges have different price by as much as 1K USD.

[Scampi]

It's now worth nearly $18,000.00 USD today.

That's crazy! I hope you are doing well with it vtyunby65, it sounds like you are

Bloomberg suggested it will reach 50k by the end of 2018, and wwill be backed by either Japan or S.Korea.

[Cash Bonus]

That's crazy! I hope you are doing well with it vtyunby65, it sounds like you are

Bloomberg suggested it will reach 50k by the end of 2018, and wwill be backed by either Japan or S.Korea.

I really appreciate your kind words, Scampi

I'm doing okay with it, but I'm always hoping that things will improve with this new cryptocurrency. It's still relatively new in the world.

[TheGooner]

Bitcoin: In the wake of crime

Hackers have stolen 4,700 Bitcoins from NiceHash!
Thats a $68,000,000 prey.

People steal cash from banks all the time - and yet we still have banks.
People steal art - and yet painters still keep on painting.

You are a learned person - so here is something for you to consider about your behavior.
Are you sabotaging your future wealth ... just because you can't admit an error ?

Here is a basic psychological profiling.

Why is it so hard for people to admit they’re wrong?

Defensiveness
Defensiveness is so ingrained in someone that it is just their default reaction to anything.

So in that sense, because they’re so bent on maintaining that stance, defensiveness itself can be why they’re unable to admit they’re wrong or apologize for something.

Equating identity and actions

Some people have a really hard time distinguishing between actions and identity. So subconsciously, they feel like if they admit they did something they shouldn’t have - or didn't do something that they should have - then it’s nearly tantamount to them saying they’re a bad person.

Or, for example, if they were wrong in their assessment of a situation at work, so admission of fault also means that they must necessarily be unintelligent or dumb.

That’s why an admission of wrong or an apology can be terrifying.

Many of the loudest critics of bitcoin have simply "missed the boat" on low priced bitcoin at 300-500 a token when they had a chance and ignored it ...

They've made a mistake, an error of judgment, and missed the very low prices. And can't bring themselves to admit it and so look high and wide for anything to prove that they are right and the rest of the world is wrong.

[Sherlock]

I have "missed the boat" at BTC 2-5. Mistake of my life.

Started to buy at 400. Asked 5dimes to pay me in btc as well. Then it dropped to 200. I kept buying more. Then it went to 300 for long time. I kept buying. Then it went to 400 and Bovada started to pay us in btc. I kept buying even more and accumulating what they sent us (and kept writing to this and all other forums that anyone should buy [maybe someone remembers how I was trying to persuade Gooner that bitcoin is not a nonsense]).

Halving came with rally. I kept buying a bit. Bitfinex hacked, btc down to 550, I went full retard with buying. Bitcoin dropped in Jan 2017 to sub 1000, I bought more. Bitcoin dropped again in March, I bought again. Bitcoin dropped in September to 3000, I bought again.

It is never too late to go in and it is never too late to change the stubbornness. It is actually the best about it. **** the money. Everything is about flexibility of the brain.

[Progger]

I have "missed the boat" at BTC 2-5. Mistake of my life.

U miss the Boat or the Titanic ?

Good question,i know

[Roulette Zeitung]

"People steal cash from banks all the time - and yet we still have banks."

But cash is real and with Bitcoin you cannot even buy a piece of bread in the reality at 99% of the real world.

This is also no argument, because Bitcoin also re-opens the door for "classic" crimes as I revealed today in my lucid diary with 5 facts about Bitcoin you might not know. As I have described there, Germany now faces the biggest parcel bomb threat since decades only due to Bitcoin.

Uncomfortable truth, but still the truth.

Leopold

[Sherlock]

U miss the Boat or the Titanic ?

Good question,i know

With not so crazy bitcoin investment my networth jumped up by 1 and a bit order of magnitude. That is what counts. Honestly I never thought it is possible with relatively high bankroll. Now I know anything is possible. It is motivating.

Everything is Titanic in the end, even our lives. The world economy and affiliate niche seems to be more fragile atm than cryptos. We have just to jump prom more sinking Titanic to Titanic which did not hit the iceberg yet.

The chips will be counted in the end, when everything will be obvious (and useless).

[TheSpry]

This ****'s gone crazy.

I'm taking some profits and putting it into real estate. Cash offer going in today, thanks crypto!

Pigs get fed, hogs get slaughtered, or something like that. Oink Oink my good man.

[Pokerface]

The wild roller coaster of cryptocurrencies continues. They are all having their ups and downs and we watch them like crazy. Thanks to the media More and more people are asking questions and are much more interested in knowing more. Hopefully they continue to grow which I have no doubts.

[DanHorvat]

I have "missed the boat" at BTC 2-5. Mistake of my life.

There are very few people who managed to follow this exact trail:
1. get in when BTC was under $10
2. not lose it in any way and HODL for four years
3. have lots of money now

I first heard about it when it was under $5, a person at a business dinner was talking passionately about it. I should have listened, but instead was stubborn and kept saying it's not money but digital gold. Stubborness in business is costly.

But even if I did buy then, there are times when you need money for something so you cash out. I guess almost everyone did cash out at some point, especially since there were years of uncertainty and stagnation. Even people who made lots of money and still HODL and are witnessing BTC entering mainstream these days have a plan of cashing out at some round BTC value.

I've personally managed to find a way to shoot myself in the foot several times so far regarding BTC, but now I'm a happy miner who HODLs everything he mines.

No plans to cash out.