Just 3 hours after Bitcoin passed the historic mark of 13,000, it has now passed 14,000 — well on its way to 50,000. Total market cap for the cryptos is now $387 billion and only olde people aren’t involved in sizable way. Clearly, decentralization is the only path forward and Goldman and JP Morgan are literally shitting their drawers, just looking the BTC spiral higher.
With this elaborate move higher, the BTC crew from Twitter are have a field day, a digital feast, to let haters know how stupid they are for not getting in at much lower prices. Look, you had a chance, you opted to buy QQQ and make just 30%. LOLz, old faggots.
$BTC 14,000 i'm dying lololol
— Downtown Josh Brown (@ReformedBroker) December 6, 2017
Bitcoin $14,000 …so begins a new round of ‘I told you so ‘
— howardlindzon (@howardlindzon) December 6, 2017
Bitcoin:
$0000 – $1000: 1789 days
* * *
$5000- $6000: 8 days
$6000- $7000: 13 days
$7000- $8000: 14 days
$8000- $9000: 9 days
$9000-$10000: 2 days
$10000-$11000: 1 day
$11000-$12000: 6 days
$12,000-$13,000: 17 hours
$13,000-$14,000: 3 hours— zerohedge (@zerohedge) December 6, 2017
Bitcoin hits…$14,000. #TheFutureIsNow pic.twitter.com/AmJXeP26xX
— Pete Hegseth (@PeteHegseth) December 6, 2017
***BITCOIN IS NOW ABOVE 14,000. I AM LAUGHING AT ALL OF YOU HATERS WHO DIDN'T BUY LOWER…DUMB OLD SHITHEADS…THE FUTURE IS NOW. #BTC50k
— The_Real_Fly (@The_Real_Fly) December 6, 2017
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The $5 in BTC my friend gifted me in August is now $18. Why was I in stocks this whole time?
$BTC is inverse of $UVXY, no?
Actually $BTC is a bubble going to zero whereas UVXY is an incredibly undervalued asset that will only go up forever because it contains the very essence of Fly’s genius, a financial blogger’s horcrux carved from the petrified heart of a rags to riches to rags degenerate gambling ham and egger led to ruin by a false idol. The dark lord will livetweet the top of the “zero value” bubble until the eyes of all bitcoin millionaires bleed with the wrath of four thousand! shares of UVXY.
You have envy, yes?
Witnessing Fly miss out on a boom of this magnitude, all in the name of blog narrative for a chorus of Trumpfags, I’d gladly see bitcoin go to $100k. He claims to read four books everyday yet hasn’t lifted a finger to learn a thing about blockchain. I had opportunities to learn and take action like most of us did, but I squandered them. I’m ok with that clearly Fly is not. His Twitter is a graveyard of called tops in crypto.
For the record, every top Fly has called on BTC was done with the sole purpose of enraging the cryptofags. He was just poking us. Someone of my intellect picks up on these things. Someone of your intellect…well you really have none.
Good for you. Going to bask in my ignorant bliss then while Fly absolutely relishes his posting about bitcoin everyday for a year “poking fun” at bitcoin millionaires. Everyone wins.
For the record, people who say “people of my intellect” are absolute retards. Fact.
Needs a good ole correction about now. Way too frothy. Last week’s dip was child’s play.
Dry powder needed. This shit will go on for much longer.
I REPORTED YOU TO THE CRYPTO POLICE. YOU WILL BE KILLED SHORTLY.
I’m so sorry. I didn’t mean anything by it. I love crypto currencies. All of them. I don’t discriminate.
Hmmmm….someone hacked my account. I didn’t type that anti-crypto shit.
Do I go with remorseful or completely innocent?
Love the flirting here. So cute.
Any more evidence there are games behind this? asisuspectedandsaidafewmonthsago
Remember when you were young and would stay up real late at night to read one of your favorite horror themed books? Neither do I. But if I did, I am sure it would resemble today.
Quote, Un-Quote.
Little gem from the past.
Try to collect real cash (dollars) for the coins.
Soon there will be billions of Bitcoins
out there. THEN what will they be worth?
You Trumpistas who think there is a max of
21 million bitcoins are in for a rude shock.
The computer creats them – and computers
can and WILL create more.
Show me the math or shut the fuck up.
1+1 = 2 plus 1 = 3 ad infinitum.
Math?!?
Show me the rule stating you can’t create a Bitcoin alternative.
Show me the rule stating retailers can’t use said alternative.
You’re right, everyone is just gonna let this go to infinity without trying to get their slice of market share by doing exactly the same thing.
It’s all phantom “profits”. the math cannot be argued with. if all decided to cash out all at once, >73% would suffer a loss. if this becomes a cascading watershed of liquidation (i.e. profit taking) >50% will suffer a loss. The first to defect defects the best. This bubble, just like any previous bubble is driven by free money emitted by the usual synagogue arsonists at CB’s. It should not be a surprise if that’s who is behind this. They can print and buy BTC at any price and then start selling at a loss and start panic selling. Nothing would surprise me anymore. It’s only confetti that buys BTC. It’s not au/ag that is converted to BTC.
Fly,
I’m one of the dumbasses that hasn’t bought it. Are you really bullish long term despite the recent frothiness and potential challenge to central banks? I’ve got a brother-in-law, for example, who never buys stocks asking whether he should invest. Which gave me a flashback to Y2K stories about cab drivers asking about dotcom stocks.
Parabolic is above frothy. It’s the equivalent of a $13 stock going to 14. Before it was a $2 stock going to 8, or 10 12 whatever. If you think it’s a $14 stock going to 80, then fine, but (here comes the lol) do you really think given the trajectory this isn’t blowing-up soon whether engineered or not
15k by 10pm
Pissed I only have a 1/4 position
https://en.wikipedia.org/wiki/There%27s_a_sucker_born_every_minute
BTC should hit 20,000 by Sunday.
More likely than not
I’m holding out for $1Million per coin, or Quantum Computers hit 50 Qubits, or the Feds toast the party- whatever comes first. Until then, I’ll just try to figure out how to put a transmission in 68 Mustang.
I’m going in BIG on Ethereum and Litecoin…..they will soon pump these chips to the high roller table.
Actually I’m similar. Sold my 120% POWR gains this morning and turned to ETH. BTC due for a pullback and ETH is oversold. Fingers crossed.
I’m selling here and going all in on dogecoin with the proceeds. #study
Blythmasters know’s how to create the moster. She did it with silver now bitcoin. The bitch, is like pure cocain to the penis. She, fuckin kills it on hyperbolic crash as well. Can’t wait to see where she lands next.
Why not buy ALL 108 fucking coins and make billions. No doubt we need 108 more currencies that are made up by some fictional people no? https://finance.yahoo.com/cryptocurrencies?offset=0&count=108
I like the one called 0x. It’s like they are daring you to throw away your money while telling you it’s worthless.
There are over 1300 ICOs.
They aren’t ICO’s Fly, they are Altcoins. An ICO is one method of how to create new Altcoins – and is rightly derided and full of scams imo.
On a related note, the lack of coverage here about any altcoins (comments from certain readers notwithstanding) is a missed opportunity.
The crypto-world is crying out for decent crypto-blogging websites – these fine halls could serve that demand if only you’d take the time to truly investigate.
I know I know, incorrect use of the apostrophe – sorry…
So bitcoin is very interesting. I’ve done some reflecting:
1) Bitcoin (BTC) is very difficult to short at the moment. Bullish for price
2) BTCs have a built-in mechanism that makes them more difficult to create (mine) as time goes. Bullish for price.
3) The above two facts mean that there is very strong incentive to hoard BTCs instead of selling or spending them, reducing the liquidity. Bullish for price.
4) There is a maximum number of BTCs that can be created. This means that there is a fixed supply, even as demand goes up. Bullish for price.
However, point 2, and especially 3, and 4, also mean that as a unit of currency, Bitcoin sucks. More notes:
1) BTC is very resource-inefficient as a currency: huge amounts of energy wasted. Not really the direction society is headed in.
2) 1 miner (Hash-IO) controls 41% of hashing power apparently and 51% means that they can double spend (ie, spend the same bitcoin on multiple transactions). Even if they don’t get 51% themselves, they could collude with another company to push them over without others knowing. Not good for netwrok integrity, and also goes against the decentralized nature of a crypto-currency
My conclusion is simple, BTC will continue to accrue value in the near- **and mid** term, but I am updating my very-long-term price point to <$100 as BTC will be obsoleted by another crypto-currency within 5 years. This also means that mining bitcoins (through a pool) and hoarding them will probably be highly profitable.
Target selling price: none. Sell when it becomes evident that BTC is losing market share, ie, when big on-line retailiers such as Amazon, Walmart, etc., back a competitor.
Bitcoin is not supposed to be a currency. It is a block chain-induced equalizer giving the have-nots a chance at glory. Next up is ETH. Don’t miss out again. Get you some!
I’m confused. How is ETH next if it has had better returns than Bitcoin? If you bought ETH at the beginning of the year rather than Bitcoin, you’d have 2.5x as much money right now.
Perhaps you’re confused because you’re overthinking things too much. Bubbles and the madness of crowds are the result of emotions, not accurate logical thinking. The fallacy is that if we think logically and accurately as speculators we will be successful and make money.
I dont believe whatsoever it’s a coincidence bcoin is rocket launching in this palpable broad geoeconomic endgame. They are literally going guns ablazin’ comic book style on it. Emptying chamber after chamber in gleeful final showdown pleasure. Blowing-it-up by Blowing it up. It’s not happening apart from globalist banking purview
Parlaying some more of my “phantom” BTC profits into ETH. Ridiculousness, but I’ll take the 36x return in 3 yrs and see if lightning strikes the same spot twice. Good fortune to all you haters.
Fly, let us know when you finally cave and buy Bitcoin.
I wish for that day…
https://www.reuters.com/article/us-cyber-nicehash/digital-currency-exchange-nicehash-says-bitcoin-worth-nearly-64-million-hacked-idUSKBN1E10AQ?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29
“If suddenly tomorrow everyone decided bitcoin was worthless, it would be worthless, and I’m not sure whether people have really thought that one through.” Obviously people do not think it is worthless, just yet, at $14,600 and counting….
Dr. Fly can come out with an “I Bank Coin” coin!
He already did – he just didn’t realise it. Why do you think I first looked into the PPT coin? After having PPT drummed into my brain reading this site for years, it caught my eye so I read up on it and quickly realised it had a solid business-case.
Now I’m sitting on 418.55% gains – and I’m not even joking.
And I bet Fly still hasn’t even fucking looked at it…
Oddly, I have no FOMO with Bitcoin. Congrats to those who took a gamble.
Sooner or later North Koreans and Russians will figure out how to separate invisible coins from invisible wallets and that will be interesting.
Looks like I was right about that reverse H&S on the chart you posted last week under your “Chartfags” post. That said, I wouldn’t touch that shit.