Anyone own Bitcoin?

YouMeAndDepreciation232:

What's your Ethereum position look like, what upside your hoping for? If I buy a crypto it'll be Ethereum.

My Ethereum position is rather small compared to my overall portfolio so I am definitely holding for the long term. I purchased Bitcoin when the price was around $2500 per coin and started my Ethereum position when the coin was around $300. I would be tempted to close out/begin to take profits out of my Ethereum position when/if it crosses the 1k mark.

This is why trading is like gambling for most people.

Last couple days have been quite the ride for Bitcoin & Ethereum!

You are 5 years too late.

I wrote about it a while back http://1percentblog.com/fake-currency/ and people made good money in the first few months it began gaining interest - I as well am way too late

I like the concept, If the currency is eventually established on the mainstream, the value will be the energy cost of producing one coin (aka will fluctuate depending on energy costs in different parts of the world)

My only beef is hackers. Maybe someone can hack into it and produce millions of coins and everything collapses.

Look up bitcoin mining! The more runpower you give to cracking the code, the more chance you have of earning a bitcoin.

Problem is that to have sufficient chance ou need a hell of a lot of computers linked together so operating cost exceeds the benefit

i didnt know there was an upper limit. I just know of bitcoin because I once dwelled in the deep web

Yeah the upper limit is the beauty of it. Its like gold standard 2.0. That truly prevents inflation and makes it deflationary as long as there will be users. Offcourse if everyone stop usin Bitcoins then the prices will drop, but I think there is pretty good change that once critical mass is there, this thing will skyrocket.

Aren't bitcoins almost exclusively used for child porn, human, weapon and drug trafficking?

Any chance I can short your bank account brainiac?

And its going up! I have more than double my investments! Haha suckers!

I paid/bribed for my BB job with bitcoins on the Deep Web

How them bitcoins tasting now?

'I think 2017 could be a continuation of 2016, in terms of it being a growth year for bitcoin's price. We are clearly Ina bull market for bitcoin now, and my experience tells me that bitcoin bull markets don't end until the previous high ($1,150 In December 2013) is exceeded, and that the new price is several multiples higher than the previous high. "In the short five-and-a-half years that I've been following bitcoin, I've seen this pattern repeat Itself three times already. After seeing bitcoin price forecast you may understand it. ' 1. USD exchanges and demand have driven bitcoin prices higher while Chinese exchanges have taken a backseat.

2. Although no resistance remains beyond the ATH, there are mathematical methods to calculate the next resistance zones, such as pivots and Fibonacci extensions, which yield targets of $1,400 and $1,445 respectively.

3. Bitcoin never traded above $1,242, a Mt. Gox ATH, or above the USD price of gold per ounce.

Bitcoin, or more generally cryptocurrency, is an important advancement and potentially massively disruptive, in ways that can't now be predicted, much like how the impacts of the internet couldn't have been accurately predicted. Like so many technologies, it enable both generosity and malice. There is a massive black market served with bitcoin, but there is also tremendous culture of generosity within bitcoin.

I've made a huge return with Bitcoin, just in the last couple months. I don't know why one poster said it's "too late." Whenever the news about China banning ICOs came out, I bought $10000 at about $3800, and then a week later it was up to roughly $4800. And now of course it's at $7300. A 200% retuen over a couple months isn't bad st all. And And evry single fork is just like a guaranteed return on your money, because you know the price is going up in anticipation of the fork, barring some untimely regulation or something out of the norm.

Right now, I have most of my money in Monero, WTC, Vertcoin, the latter of which greatly improves upon the decentralized aspect of the currency. I feel like every person has their $0.02 about the crypto space, but the fact of the matter is, nowadays, Bitcoin is a geat store of value, is immune to inflation, and improves upon other payment processors.

Though I have to read up more on Bitcoins I do sincerely belive "What goes up one day must come down."

When it explodes y'all will be taken by a massive laugh attack

It still has a relatively low market cap. I think, yeah, maybe it is a bubble, but there's a ton of money to be made on the way up. I truly believe this is a novel technology that's going to become very popular in the decades to come, so if the bubble does pop, it's only going to be a small blip in its overall trend upwards.. Like how Amazon dipped ridiculously low in 2001, but looking at the chart from 1990 to present, it's almost unnoticeable, and has grown so much in that time. People who truly believe in this technology for the long-term are making reasonable investments.

anyone who believes that this is its peak price will be very sorry. Buy now and you will see substantial gains no stock could match. To those who think its a bubble... stay in your lane, this is out of your forte.

I always see it in grocery stores but never used it lol