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Forum ยป Bitcoin reaches $8,200
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Thread: Bitcoin reaches $8,200

post 1535165801 11-20-2017, 01:34 PM
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#121
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Originally Posted By FatalTragedy12⏩
The only viable altcoin is ETH in my opinion. Everything else will eventually just die. Eventually, BTC will too due to the hardcap or will be traded amongst an elite few. It's great for a short term investment and then a swift disposal while it lasts.
Eth is the platform that got me interested in blockchain potential (smart contracts). It really does have potential to disrupt multiple industries by cutting out middle men.

I did not invest in BTC when I researched it years ago for a few reasons after reading the whitepaper. I invested recently though, because even if it is a 'bubble', I don't think that bubble is nearly finished. Unfortunately I did not have that short/med term perspective years ago and only thought very long term.

The bubble ain't over yet; not until the general population has simple exposure to it (via ETFs, retirement funds etc.).
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post 1535166511 11-20-2017, 01:42 PM
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#122
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Originally Posted By Luc1fer⏩
Eth is the platform that got me interested in blockchain potential (smart contracts). It really does have potential to disrupt multiple industries by cutting out middle men.

I did not invest in BTC when I researched it years ago for a few reasons after reading the whitepaper. I invested recently though, because even if it is a 'bubble', I don't think that bubble is nearly finished. Unfortunately I did not have that short/med term perspective years ago and only thought very long term.

The bubble ain't over yet; not until the general population has simple exposure to it (via ETFs, retirement funds etc.).
It's just too fickle. The security for the average user just isn't there (anyone who stores their coin in an online wallet, just lol. Even cold storage is flawed.) and is in your own hands. There's no bank to look after your bitcoin for you and there never will be. Also, Coinbase could go the way of MtGox which lost $640 million in a day through hacking and there's nothing you can do about it. Are you willing to invest your slave earned fiat currency in something so volatile? Bitcoin has a hardcap and is an old and flawed crypto. ETH is much better but suffers from the same issues.

I agree that the bubble hasn't burst yet and won't for a while - I think it'll carry on into 2018 and will then just collapse but not into nothingness, especially with big players like Goldman Sachs etc. involved. Their purchasing power just dwarfs anything and the average Miscer investing 200 USD into BTC is going to end up getting f*cked.
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post 1535169291 11-20-2017, 02:08 PM
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#123
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Originally Posted By Luc1fer⏩
Eth is the platform that got me interested in blockchain potential (smart contracts). It really does have potential to disrupt multiple industries by cutting out middle men.

I did not invest in BTC when I researched it years ago for a few reasons after reading the whitepaper. I invested recently though, because even if it is a 'bubble', I don't think that bubble is nearly finished. Unfortunately I did not have that short/med term perspective years ago and only thought very long term.

The bubble ain't over yet; not until the general population has simple exposure to it (via ETFs, retirement funds etc.).
Eth has gone from 300 to 370 in less than a week.

I bought 80 Litecoins @ 55.80 like a little over two weeks ago. It is now almost 73/coin. I lucked out with that timing.
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post 1535169791 11-20-2017, 02:14 PM
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#124
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The transaction cost and time for bitcoins are chit tbh, but the price will continue to rise for some reason
post 1535170121 11-20-2017, 02:18 PM
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#125
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Theres a reason the most ACTIVE THREAD ON THE MISC is the crypto thread. All miscers who haven't participated yet are missing out on free money..I bought at all time high when it was 6.7k, bought some more at 8.2k. This is just the beginning boyos.
post 1535170241 11-20-2017, 02:19 PM
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#126
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Originally Posted By tekkenbruh⏩
There is one guy in crypto thread who has >130 BTC and iirc he bought them when a single BTC was at $70. On top of that he also has a few dozen ETH which put together makes him a millionaire
lmfao....gg

That dude is making out like a bandit. Thing is if i were him, I still hold on. $10k per btc will prob be here as soon as the end of the year, but like some miscers are speculating. 1 BTC can possibly reach the 6 figure mark in a year or 2. That man can come out of this a multimillionaire.

Personally though, unless I wont a lottery of like $100k or something im not gonna bother with investing in BTC anymore at this point, but XRP does seem interesting. I can see myself putting $5-10k into that and just sitting on it for a year or 2, easily be able to quadruple my money in that time.
post 1535170281 11-20-2017, 02:20 PM
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#127
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bitcoin noob here.

supposedly one positive of bitcoin is it eliminates dealing w/ banks...but doesn't bitcoin still have large transaction fees and lengthy transaction times???
post 1535170311 11-20-2017, 02:20 PM
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#128
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Originally Posted By NoNewGainz⏩
Theres a reason the most ACTIVE THREAD ON THE MISC is the crypto thread. All miscers who haven't participated yet are missing out on free money..I bought at all time high when it was 6.7k, bought some more at 8.2k. This is just the beginning boyos.
I bought 50 BTC when they were ~600 USD (very stupid decision in hindsight), I sold all but one in late 2016. didn't make much of a profit, no regrets - I essentially got scared and bailed. Proud owner of a single BTC to see what happens.
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post 1535170611 11-20-2017, 02:23 PM
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#129
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was going to buy some couple days ago after i got verified... but my bank card makes it impossible to send funds to the coin buy website.
have to sign up to another bank so i can buy some.. so dumb
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post 1535170941 11-20-2017, 02:26 PM
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#130
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Originally Posted By skeetzer⏩
was going to buy some couple days ago after i got verified... but my bank card makes it impossible to send funds to the coin buy website.
have to sign up to another bank so i can buy some.. so dumb
You can buy on Localbitcoins and transfer it to your Coinbase to sell.
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post 1535171701 11-20-2017, 02:34 PM
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#131
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Originally Posted By FatalTragedy12⏩
You can buy on Localbitcoins and transfer it to your Coinbase to sell.
Or use the Lykke app (I love this app, verification was fast AF everything is smooth)

Surprised it doesn't get more publicity :\
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post 1535173651 11-20-2017, 02:55 PM
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#132
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I bought a couple hundred bucks worth on coinbase about a year ago and forgot about it lol.

I know next to nothing about investing as is pretty clear.

People more so in the know, is following the misc crypto thread enough to know when to sell before the bubble bursts?
post 1535174851 11-20-2017, 03:10 PM
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#133
  1. Luc1fer
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Originally Posted By FatalTragedy12⏩
It's just too fickle. The security for the average user just isn't there (anyone who stores their coin in an online wallet, just lol. Even cold storage is flawed.) and is in your own hands. There's no bank to look after your bitcoin for you and there never will be. Also, Coinbase could go the way of MtGox which lost $640 million in a day through hacking and there's nothing you can do about it. Are you willing to invest your slave earned fiat currency in something so volatile? Bitcoin has a hardcap and is an old and flawed crypto. ETH is much better but suffers from the same issues.

I agree that the bubble hasn't burst yet and won't for a while - I think it'll carry on into 2018 and will then just collapse but not into nothingness, especially with big players like Goldman Sachs etc. involved. Their purchasing power just dwarfs anything and the average Miscer investing 200 USD into BTC is going to end up getting f*cked.
Coinbase is FDIC insured up to $250k. Anyway, most of my coins are in a cold storage hardware wallet.

The only way someone can get my coins is by getting my private key (and that is based on mathematical certainty of it being unguessable). Of course everytime you access your wallet, you are potentially exposed and need to be very cautious. e.g. don't copy/paste your entire private key and be very careful about keyloggers.
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post 1535184821 11-20-2017, 04:59 PM
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#134
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Originally Posted By tightteeshirt⏩
bitcoin noob here.

supposedly one positive of bitcoin is it eliminates dealing w/ banks...but doesn't bitcoin still have large transaction fees and lengthy transaction times???
Yeah, which is why Bitcoin is more of a "storing value" coin right now ("gold")
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post 1535264861 11-21-2017, 12:15 PM
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#135
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BTC, Litecoin or ETH? whats a good starter coin?
I walk amongst you.......but I am not one of you.
post 1535265211 11-21-2017, 12:18 PM
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#136
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Originally Posted By JIGSAW⏩
BTC, Litecoin or ETH? whats a good starter coin?
Any of them are good starter coins. But if you don't have much money to invest, ETH is probably the one that has good return potential.

All of them have unreal potential to get you good returns, but ETH is still pretty damn low for what it could eventually be in 2 years.
post 1535266481 11-21-2017, 12:31 PM
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#137
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Anyone buying right now for the first time might want to wait for a correction. All of the coins are getting pumped hard, so there's a good chance we'll see a slight correction downward soon.
post 1535267371 11-21-2017, 12:39 PM
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#138
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In on Bitcoin and Crypto thread.
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post 1535267421 11-21-2017, 12:39 PM
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#139
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so if I buy 200 dollars worth today and it gets to 500,000 per coin one day, how much do I gain? (suck at doing math srs)
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post 1535267851 11-21-2017, 12:43 PM
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#140
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Originally Posted By top****ut212⏩
so if I buy 200 dollars worth today and it gets to 500,000 per coin one day, how much do I gain? (suck at doing math srs)
~12k
post 1535267931 11-21-2017, 12:43 PM
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#141
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Originally Posted By top****ut212⏩
so if I buy 200 dollars worth today and it gets to 500,000 per coin one day, how much do I gain? (suck at doing math srs)
simple proportion

200/8,200 = X/500,000

$12,195.12= X
post 1535268321 11-21-2017, 12:46 PM
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#142
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Just bought 2 LTC and 1 ETH, just to start......now I have something to follow

LTC show up in your account immediately, i'm guessing ETH takes a little bit?
I walk amongst you.......but I am not one of you.
post 1535268601 11-21-2017, 12:49 PM
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#143
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Originally Posted By JIGSAW⏩
Just bought 2 LTC and 1 ETH, just to start......now I have something to follow

LTC show up in your account immediately, i'm guessing ETH takes a little bit?
ETH has to complete network confirmations before it goes into your account. Usually like 60 confirmations. You can see how many are done by clicking the pending transaction.
post 1535268611 11-21-2017, 12:49 PM
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#144
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Originally Posted By HMFIC_BROWSIN⏩
Gold has a market cap of 7trillion and is relatively useless as an actual currency
Bitcoin has a market cap of 140billion and is extremely usable as an actual currency.

My opinion: Bitcoin @ $500,000 is when I'll consider selling some of mine.
lol, if electricty on planet earth stops one day, good luck with your useful currency.

you think a BTC will reach $500k a piece? wow. strong.

a lot of people will lose a lot of money once this pops. obviously it'll be those that buy at the top.
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srs
post 1535268791 11-21-2017, 12:52 PM
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#145
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Originally Posted By Kalmah6661⏩
ETH has to complete network confirmations before it goes into your account. Usually like 60 confirmations. You can see how many are done by clicking the pending transaction.
On November 21, 2017, you ordered 1.0000 ETH via your payment method for $384.90 USD.

Unfortunately your transaction has been canceled by our banking partner. If your payment method was charged, you will receive a full refund as quickly as possible. If you have any questions, please contact our customer support team.

We apologize for any inconvenience!


Kind regards,
The Coinbase Team




uhhhhhhh ok
I walk amongst you.......but I am not one of you.
post 1535268881 11-21-2017, 12:52 PM
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#146
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Originally Posted By jsafari⏩
~12k
Originally Posted By .aeterna⏩
simple proportion

200/8,200 = X/500,000

$12,195.12= X
one can only dream
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post 1535269121 11-21-2017, 12:54 PM
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#147
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Originally Posted By JIGSAW⏩
On November 21, 2017, you ordered 1.0000 ETH via your payment method for $384.90 USD.

Unfortunately your transaction has been canceled by our banking partner. If your payment method was charged, you will receive a full refund as quickly as possible. If you have any questions, please contact our customer support team.

We apologize for any inconvenience!


Kind regards,
The Coinbase Team




uhhhhhhh ok
Looks like your bank flagged the transaction as fraud and canceled it. Credit union?
PHILLIES/EAGLES CREW
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post 1535269171 11-21-2017, 12:54 PM
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#148
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Originally Posted By JIGSAW⏩
On November 21, 2017, you ordered 1.0000 ETH via your payment method for $384.90 USD.

Unfortunately your transaction has been canceled by our banking partner. If your payment method was charged, you will receive a full refund as quickly as possible. If you have any questions, please contact our customer support team.

We apologize for any inconvenience!


Kind regards,
The Coinbase Team




uhhhhhhh ok
U wot m8. Never saw that before.

Were you trying bank transfer? Or credit card?
post 1535269401 11-21-2017, 12:56 PM
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#149
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Originally Posted By Kalmah6661⏩
U wot m8. Never saw that before.

Were you trying bank transfer? Or credit card?
card.......LTC worked, but ETH was cancelled....I dunno....oh well
I walk amongst you.......but I am not one of you.
post 1535269561 11-21-2017, 12:58 PM
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#150
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Now I get Your card ending in ******** has been removed from your account.

Reason: We are no longer able to support your card. Please contact support for more information.


LOL
I walk amongst you.......but I am not one of you.
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