Carbon_Rod
Gawd
- Joined
- Apr 2, 2012
- Messages
- 1,022
This is the time I kick myself for spending my last 8 Bitcoins when I thought it wasn't going to last.
Oh well... hindsight... 20/20.
Oh well... hindsight... 20/20.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
No reason to sell at 18K when you can sell at 50K within 2-3 months.
The limit to sell on coinbase starts at 10k but goes higher the more you use it and if your account is verified. My sell limit is currently at 50k a week.I seriously have no idea how to sell my BTC. I mined 12 back in the day. Spent a couple on some BFL miners.... some of which never came but still have a little over 9.
I'm planning to HODL till 100k but the real problem is ...... I have no idea how to sell it without instantly hitting limits. I think on Coinbase the limit right now is 10k?
For those wondering why it keeps increasing in value despite not being backed by anything. The answer is quite simple really.
When someone wants to buy something with Bitcoin via USD they use something like Bitpay. Bitpay merely uses BTC as an exchange medium. Buying BTC with USD, depositing USD to the buyer account, then immediately holding or immediately selling the BTC for USD. It's a built in demand that ignores the current value since the entire transaction happens in under a minute.
So even if it really isn't a currency per-say it is a good store of value.
Oh and since the market is global it's not as US-centrist as most people think.
Also a great way to do currency exchanges without paying a 3% exchange fee to Forex.
I seriously have no idea how to sell my BTC. I mined 12 back in the day. Spent a couple on some BFL miners.... some of which never came but still have a little over 9.
I'm planning to HODL till 100k but the real problem is ...... I have no idea how to sell it without instantly hitting limits. I think on Coinbase the limit right now is 10k?
For those wondering why it keeps increasing in value despite not being backed by anything. The answer is quite simple really.
When someone wants to buy something with Bitcoin via USD they use something like Bitpay. Bitpay merely uses BTC as an exchange medium. Buying BTC with USD, depositing USD to the seller account, then immediately holding or immediately selling the BTC for USD. It's a built in demand that ignores the current value since the entire transaction happens in under a minute.
So even if it really isn't a currency per-say it is a good store of value.
Oh and since the market is global it's not as US-centrist as most people think.
Also a great way to do currency exchanges without paying a 3% exchange fee to Forex.
well you probably wish you hadn't spent the ones before your last eight as well eh?This is the time I kick myself for spending my last 8 Bitcoins when I thought it wasn't going to last.
Oh well... hindsight... 20/20.
And that, right there, is why bubbles happen.
I’m 80% confident in my own analysis. Bitcoin will peak between 40 and 70K in first quarter 2018. The rest of the year (and most of 2019) will be a bear market with prices bottoming around 20K. The next bull cycle in 2020 will take us beyond 100K.
This is in line with previous bubbles. The one we are in now is #4.I’m 80% confident in my own analysis. Bitcoin will peak between 40 and 70K in first quarter 2018. The rest of the year (and most of 2019) will be a bear market with prices bottoming around 20K. The next bull cycle in 2020 will take us beyond 100K.
Bad news for John McAfee if you are right.
Bad news for John McAfee if you are right.
Bitcoin is literally backed by nothing but an implicit understanding of agreed-upon value.
The self-kicking is hard to resist. But. Hindsight.This is the time I kick myself for spending my last 8 Bitcoins when I thought it wasn't going to last.
Oh well... hindsight... 20/20.
BTW, Used EVGA GTX 1070 FTW cards on ebay - lowest price $479 (most are $500+) I guess they think bitcoin surge means higher GPU prices or just greedy for an over-priced Christmas sale?
Considering that there's a long delay and transaction limit to sell off your bitcoin, once the bots start a sell-off, you'll watch helplessly as tons of value disappears.
I seriously have no idea how to sell my BTC. I mined 12 back in the day. Spent a couple on some BFL miners.... some of which never came but still have a little over 9.
I'm planning to HODL till 100k but the real problem is ...... I have no idea how to sell it without instantly hitting limits. I think on Coinbase the limit right now is 10k?
For those wondering why it keeps increasing in value despite not being backed by anything. The answer is quite simple really.
When someone wants to buy something with Bitcoin via USD they use something like Bitpay. Bitpay merely uses BTC as an exchange medium. Buying BTC with USD, depositing USD to the seller account, then immediately holding or immediately selling the BTC for USD. It's a built in demand that ignores the current value since the entire transaction happens in under a minute.
So even if it really isn't a currency per-say it is a good store of value.
Oh and since the market is global it's not as US-centrist as most people think.
Also a great way to do currency exchanges without paying a 3% exchange fee to Forex.
how is it a good store of value? Anyone that bought at 19,xxx today, lost +3000 dollars in a matter of minutes.
how is it a good store of value? Anyone that bought at 19,xxx today, lost +3000 dollars in a matter of minutes.
Nothing has been "lost" unless this mythical buyer - one with enough wherewithall to afford an entire Bitcoin - also immediately panic sold without a stop loss in place, in which case Darwin award and has no business speculating.
Would also require that this mythical buyer had done zero research whatsoever to know there's no point panic selling something that's not only been trending upward for years, but every dip of this calendar year has seen a bounce back in excess of the its pre-dip high.
I'm planning to HODL till 100k but the real problem is ...... I have no idea how to sell it without instantly hitting limits. I think on Coinbase the limit right now is 10k?
The most legit reason I've heard is bitcoin is very top-heavy with its owners:
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
We're talking maybe 12% of all bitcoins being accessible by the average person at the current price, if that. If the whales were to start a concerted sell off, that could crash the price pretty hard. I doubt that's happening anytime soon, but it does seem like a looming threat in the long term.
It's anyone's guess. I imagine many of the big players have multiple different bitcoin accounts, so the reality could be it's even more consolidated than this.Are
Are these lone individuals?