Or thereabouts. I think it was about $578 when I checked yesterday or maybe the day before. About $694 now.
https://www.coinbase.com/charts
Still nearly a month before the halvening too. Wow what a climb
let us teach them that all who draw breath are of equal worth, and that those who seek to press heel upon the throat of liberty, will fall to the cry of FREEDOM!!! Spartacus, War of the Damned
BTC: 1AFbCLYU3G1dkbsSJnk3spWeEwpqYVC2Pq
Can you explain this?Originally Posted by kpitcher
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There's a lot at play. The chinese are moving out of their currency controls. The halving. Insecurity of dollar and other currencies.
I imagine it as a dark , rolling storm .The skies open up and all worthless FRN's are sucked into the twilight. The Halvening.
Halving?? Anyone want to explain this? How is it possible and when did this happen? Why didn't the ratio of BTC to LTC reflect the difference?
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I think silver may break 17 1/2 today and gold has been as high today as about 1289 . I would think later this summer 1390 gold and 19 1/2 silver could be seen . What do you think bitcoin will be by Labor Day ?
The reward for the miners will be cut in half very shortly. This happens along a pre-defined progress every 4 years. This will be the 2nd time it has happened. (50 coin reward became 25, 25 will soon become 12.5)
There are many thoughts on what this will mean. It does cut the inflationary coin supply drastically and also makes mining even more difficult to be profitable. How this will affect the price is anyone's guess. My take is it will drive up the price as new coins are harder to get.
http://www.bitcoinblockhalf.com/
let us teach them that all who draw breath are of equal worth, and that those who seek to press heel upon the throat of liberty, will fall to the cry of FREEDOM!!! Spartacus, War of the Damned
BTC: 1AFbCLYU3G1dkbsSJnk3spWeEwpqYVC2Pq
How has it affected price in the past?
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"A politician will do almost anything to keep their job, even become a patriot" - Hearst
Interpolating data might not work so well. It will affect value growth positively.
The price went from $7 in the fall of 2012 (near the first halving) to $266 by March 2013.
Last edited by muh_roads; 06-14-2016 at 07:10 PM.
Wanna buy some bitcoins? The real money is here and not in the so-called precious metals that we've all sought in the Ron Paul days. got both but bitcoin is the digital cash that will be sought after during the next unfolding and nasty financial downturn. The Chinese are already hip to that which is why they've been buying.
The crazy one is ETH. It's up from about 13 to 18 now in 2 days...
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There are long lines in China to buy gold.
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I bought 1 BTC for $237 back in Feb '14.
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1285 1/2 tonight in Asia .
I guess I should have bought some more when John Mcafee mentioned bitcoin recently. This is right up his alley. He turns stuff to gold.
Of course, when the price hits $100,000 we'll be like, Damn! I should have bought at $50,000!
BTC $738 at this moment.
Sucks it crashed down to 736, no point in it anymore.
$774.68 now
When mine gets to 1 million I am cashing out.
Even if that's a "hyper-inflation" 1 million?
Yeah , if that is the case , three ounces of gold will be a Billion.
Brexit is pushing everything away from fiat. To the mooooonn.
I think it dropped about $120 since Brexit. At $657.98 right now.
https://www.cryptocoinsnews.com/bitc...brexit-buyers/
Bitcoin Price Running Out Of Brexit Buyers
The bitcoin price chart is slumping and a potential drop lower edges to the edge of support. Even as a long-term $1,750 swirled in the tea leaves yesterday, we can see a tea-tree ladder with rungs at $600, $560, and $500.
Looks like it's inching towards $700 again...$683 right now..
https://www.coinbase.com/charts
To the Moon !
OH NO!!! It's 666 right now!! I knew this stuff was EVIL!!
BEWARE THE CULT OF "GOVERNMENT"
Christian Anarchy - Our Only Hope For Liberty In Our Lifetime!
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Exactly $700 right now..
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