Bitcoins are officially donkdown

[big dick]

Why are you guys so happy that people got ripped off?

[Gordman]

Spoke too soon

Tanking

Shit

 

[Shizzmoney]

"Your funds are safe and secure"

Former FTP board member Rafe Furst is the latest big poker name to back a cryptocurrency start-up.

https://www.pokernews.com/news/2017/...ampaign=buffer

[snake_in_the_ass]

BLOODBATH

Up $3000+ per coin since this post.

[BetCheckBet]

I 've given up following bitcoin. I've come to realize I have no understanding of it whatsoever. amazing really that trading at 8000. I remember even the biggest bitcoin advocates (who were delusional) talked about a small possibility of 5000 5 years ago. No idea where upper limit is. anyone shorting at this point is a fool as it seems impossible to predict with any accuracy when this thing collapses.

[FRANKRIZZO]

almost at 10k wholy shit

[snake_in_the_ass]

I 've given up following bitcoin. I've come to realize I have no understanding of it whatsoever. amazing really that trading at 8000. I remember even the biggest bitcoin advocates (who were delusional) talked about a small possibility of 5000 5 years ago. No idea where upper limit is. anyone shorting at this point is a fool as it seems impossible to predict with any accuracy when this thing collapses.

It is the biggest bull market in history and the smart folks on Wall Street missed the entire ride. Once they get in on the action and make it easier for folks to buy Bitcoin with their brokerage accounts, watch out. This could hit the levels that Chinamaniac was mentioning.

[Gordman]

I 've given up following bitcoin. I've come to realize I have no understanding of it whatsoever. amazing really that trading at 8000. I remember even the biggest bitcoin advocates (who were delusional) talked about a small possibility of 5000 5 years ago. No idea where upper limit is. anyone shorting at this point is a fool as it seems impossible to predict with any accuracy when this thing collapses.

It is the biggest bull market in history and the smart folks on Wall Street missed the entire ride. Once they get in on the action and make it easier for folks to buy Bitcoin with their brokerage accounts, watch out. This could hit the levels that Chinamaniac was mentioning.

So true.

I am bullish about bitcoin. I dont have alot of it right now, but when i get some large checks in the mail hopefully in the next month or so, i intend on buying coin with a portion of that.

Like many people, I have a relatively limited understanding of crypto, but im trying to learn where i can. That aside, when i see entire countries' citizens ( primarily 3rd world but certainly not limited to) utilizing the coin instead of their own country's inflated and corrupt currency, that speaks volumes to me avout its effectiveness

[chinamaniac]

I 've given up following bitcoin. I've come to realize I have no understanding of it whatsoever. amazing really that trading at 8000. I remember even the biggest bitcoin advocates (who were delusional) talked about a small possibility of 5000 5 years ago. No idea where upper limit is. anyone shorting at this point is a fool as it seems impossible to predict with any accuracy when this thing collapses.

Bottom line is noone knows the upper limit but most estimates I see and hear from people who seem to know what they are talking about is possibly $350,000 a coin, most I know who are holding a ton are hoping for $50,000-$100,000 a coin

Bill Perkins called this 10k by years end months ago and he is a pretty sharp dude and he bought a massive amount I think in like August.


Bottom line is when some of these bigger companies like Amazon and Wal Mart get involved and most impotantly when these financial institutions start buying up $100,000,000 bitcoin at a time we are going to see a huge burst of some kind.

[chinamaniac]

It is the biggest bull market in history and the smart folks on Wall Street missed the entire ride. Once they get in on the action and make it easier for folks to buy Bitcoin with their brokerage accounts, watch out. This could hit the levels that Chinamaniac was mentioning.

So true.

I am bullish about bitcoin. I dont have alot of it right now, but when i get some large checks in the mail hopefully in the next month or so, i intend on buying coin with a portion of that.

Like many people, I have a relatively limited understanding of crypto, but im trying to learn where i can. That aside, when i see entire countries' citizens ( primarily 3rd world but certainly not limited to) utilizing the coin instead of their own country's inflated and corrupt currency, that speaks volumes to me avout its effectiveness

This is the other thing. I have heard a lot of people in some poorer countries with terrible economies are turning to BTC too

[Daly]

I'll say the same thing I did when this was $100, $1000, 5000.... it's not impossible BTC will go to $1M a coin and it's equally possible BTC will go the way of the 1987 topps set so many of us owned. By all means go ahead and throw some money at this if you have done your homework. That being said if you have more than 25%of your net worth in this you should have your head examined.

[GambleBotsChafedPenis]

I'll say the same thing I did when this was $100, $1000, 5000.... it's not impossible BTC will go to $1M a coin and it's equally possible BTC will go the way of the 1987 topps set so many of us owned. By all means go ahead and throw some money at this if you have done your homework. That being said if you have more than 25%of your net worth in this you should have your head examined.

I cry a lot about this shit...

[Krypt]

I foresee an imminent 20-30% haircut from these levels

[WillieMcFML]

I foresee an imminent 20-30% haircut from these levels

and then btc gets it all BACK within 20-30 hours

[Gordman]

I foresee an imminent 20-30% haircut from these levels

Definitely going to be a bloodbath...

[Gordman]

See Krypt, what you dont realize is that there ARE going to be pullbacks. Every single security, derivative, etc etc known to man goes through the same exact thing

Find me any stock etc who hasn't gone through any type of pullback...

You won't

[chinamaniac]

I'll say the same thing I did when this was $100, $1000, 5000.... it's not impossible BTC will go to $1M a coin and it's equally possible BTC will go the way of the 1987 topps set so many of us owned. By all means go ahead and throw some money at this if you have done your homework. That being said if you have more than 25%of your net worth in this you should have your head examined.

If you can rebuild what you are putting up to invest or that 25 % will not kill you or you have very little going for you in life then this is potentially the "easiest" way for people to get ahead who will never ever be ahead in life or even people who want to take a shot to get ahead.

Some people just need to take some shots with more than much higher than 25% for potential changing life EV vs never being ahead or comfortable and living a shitty life.

We only get to do this one time. This is like the beginning of online poker in some ways although it could shoot to zero but bottom line is I do not see any way that is happening anytime soon.

[WillieMcFML]

what i still can't wrap my head around, why haven't the 'powers that be' put an end to crypto currencies?

not saying they could squash it completely, but they could def do some things together that would kill the price of btc & other crypto

so it makes me think they want this, at least for now

the major players who control the world don't not get involved in a $100 billion market

[chinamaniac]

what i still can't wrap my head around, why hasn't the 'powers that be' put an end to crypto currencies?

not saying they could squash it completely, but they could def do some things together that would kill the price of btc & other crypto

so it makes me think they want this, at least for now

the major players who control the world don't not get involved in a $100 billion market

What do you think they could do to squash it?

I think if anything it is going to help the economy

Shit is going to get real in 2018 though. If people think these swings are something then wait till these things start swinging 1k -2k every 10 mins

[WillieMcFML]

what i still can't wrap my head around, why hasn't the 'powers that be' put an end to crypto currencies?

not saying they could squash it completely, but they could def do some things together that would kill the price of btc & other crypto

so it makes me think they want this, at least for now

the major players who control the world don't not get involved in a $100 billion market

What do you think they could do to squash it?

I think if anything it is going to help the economy

Shit is going to get real in 2018 though. If people think these swings are something then wait till these things start swinging 1k -2k every 10 mins

regulations that it make it illegal to fund bitcoin accounts on the exchanges

raid and shut down exchanges

using gov supercomputers to control more than 51% (think if us, russia, japan, koreas, etc)

and probably a hundred other ways people in power could make it stop if it threatened the status quo without them benefiting from it