$1167.00 = sell price on coinbase.
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I see on Wiki that the previous high in 2013 was $1242. Weird for me because I thought it had peaked at $1,100 - something. I don't remember the $1,200 - something..
$981.98 right now. Looks like a selling frenzy panic.
This article says the all-time high in 2013 was "around $1150" which is what I seem to recall. Maybe Wiki was referring to some other exchange or something...
http://www.forbes.com/sites/laurashi.../#1533c14c563c
Sure. But $30,000 or more is better in a couple of years when the Congress makes it abundantly clear that they can't meet obligations and can't afford interest rate increases on the debt. and I guess for everyone who's currently selling at $960 is matched with someone who definitely wants to get in at $960. My GF got in at $555 and I'm encouraging her to hold them for at least 3-5 years. Or use them if everyone stops buying U.S. bonds. It seems like the potential upside to BTC is yuuuuuge.
Last edited by anaconda; 01-07-2017 at 02:48 PM.
You raise an interesting point that I have been thinking about recently. In the event of a full blown currency crisis, I don't see how BTC (or anything else) will be able to be denominated in U.S. dollars. So, getting to "$1,000,000" may never be possible, per se. You may be able to purchase a "basket of goods" that would be measured in, what we will have calculated to be, $1,000,000 at the January, 2017 price level. I dunno. What do you think? BTC may become tradeable in gold or maybe corporate stock or something.
Last edited by anaconda; 01-05-2017 at 02:07 PM.
Point well taken. And, obviously, what everyone would ideally like to do is sell right before a dip and buy back at the trough of the dip. Even if one is holding longer term for when the SHTF. And they have the financial resources to do so (as you allude to re covering personal debt).
Last edited by anaconda; 01-05-2017 at 02:11 PM.
"Like an army falling, one by one by one" - Linkin Park
If the currency goes belly up , maybe we still have "dollars" that are now measured in silver , gold , bitcoin , gasoline, copper and eggs as an example or maybe they are called something else . My youngest Grand daughter calls gold " good wampum " as opposed to bad paper money
Do something Danke
Bitcoin is already trade-able in gold. It's trade-able in anything. Bitcoin is nothing but a reliable public ledger that tracks scalar values associated with securely owned account numbers. Making bitcoin a gold-backed currency wouldn't be a problem if you simply forced the issuance of new coins into that sub-system to originate with a specific account.
There's lots of things we could do with Bitcoin in it's existing form that would be helpful, but few people really understand what money is or how it works, and even fewer understand which problems related to money that bitcoin actually solves, or could solve.
Last edited by wizardwatson; 01-05-2017 at 02:29 PM.
When a trumpet sounds in a city, do not the people tremble?
When disaster comes to a city, has not the Lord caused it? Amos 3:6
Wow, below 900. Either a great time to buy or a long drawn out drop before climbing again.
This drop corresponding to the last decline from the record high awhile back?
“…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
$805.10 now....
https://www.coinbase.com/charts
I have no idea why bitcoin prices are so volatile.
Probably because it's still in the emerging stage.
As long as the 30 and 60 day moving averages are relatively stable or continue to rise, no reason to avoid it, though.. If you want to make a purchase in bitcoin and you are cautious, you can always wait until you need to make the purchase and then get the bitcoin to avoid losing value.
If you want to buy some and hold to use later or as an investment, then what is the problem if the moving averages keep rising?
Last edited by dannno; 01-11-2017 at 07:55 PM.
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I heard the Chinese government made everyone nervous:
http://www.cnbc.com/2017/01/11/bitco...ate-firms.html
Last edited by anaconda; 01-11-2017 at 08:49 PM.
938!!!
958!!
Thank you bitcoin.
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