Where will Bitcoin be on 9/4/2018?

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9 members have voted

February 10th, 2018 at 10:59:50 AM permalink
Evenbob
Member since: Oct 24, 2012
Threads: 111
Posts: 12754
Still in the 8000's, been there for
days. Just like when it was stuck
in the 12000's, this isn't good news
because it means the heavy hitter
buyers are barely keeping up with
the desperate sellers. It looks like
stability but it really isn't at all. The
scammers are propping it up for
one more big kill, but at this point
god knows if it will ever go that
high again..
If you take a risk, you may lose. If you never take a risk, you will always lose.
February 10th, 2018 at 11:36:05 AM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 773
Posts: 9162
BTC peaked at over $1100 near Thanksgiving in 2013. I was given some coin in summer 2014 at ~$600 and sold it in two weeks. I thought I had made out because by the end of the summer it dropped below $500 and remained under $500 until summer 2016 (at one point dipping below $200).

Quote: Evenbob
but at this point god knows if it will ever go that high again..


The price is running on sheer emotion, it has no basis in any business economics. It could just as easily go to $30K as $3K. Ripple is back to parity with the USD. There could be a run on that as well since it is not hampered by the problems of mining that face BTC.

Perhaps someone needs to invent a cryptocurrency that remains at USD parity. As more investors enter, they simply sell more coin. The advantage over commercial bank money is the ability to move up to $10,000 with just a swipe of he smart phone
February 10th, 2018 at 5:33:24 PM permalink
Evenbob
Member since: Oct 24, 2012
Threads: 111
Posts: 12754
Quote: Pacomartin
BTC peaked at over $1100 near Thanksgiving in 2013.


It's trying to go under $8000 again,
dropped $500 today.
If you take a risk, you may lose. If you never take a risk, you will always lose.
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