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CryptoCurrency Discuss all CryptoCurrencies / coins and their use for personal or business purposes. Bitcoin (BTC) is possibly the best known but there are numerous crypto currencies, this is the forum to discuss them all.

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  #23  
Old 06-22-2017
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Default Re: $1,500 is a good entry point for BTC

Quote:
Originally Posted by jakobrockz View Post
But when thinking about the actual uses for bitcoin itself... illegal activities are on the top choice.
A lot of people hold it as an investment these days. I would imagine that a huge amount is held by large companies who are buying it to increase the price in the knowledge that BTC has a finite supply and will nearly always go up in value.

The only things that would make the price drop like a stone would be a massive hack on the BTC blockchain which just isn't going to happen or hacks on the BTC wallet companies which has happened but even after that has happened in the past the price has regained pretty fast.
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  #24  
Old 06-23-2017
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Default Re: $1,500 is a good entry point for BTC

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Originally Posted by slokor View Post
I disagree.
I can see Bitcoin being used by very large and legitimate corporations to make payments to cut down on the time and transaction fees involved if done by a regular bank.
its being employed that way more and more now that Japan has legitimized it as a form of payment.
is that really true? do you have a real example of that?

BTC price is about 9% over spot for daily users of coin right now. Yes cash and gold and chickens can be used to do illegal things too but BTC for online illegal actions is the most viable option for most and that is what sets its user value. I think BTC has 2 different values investor value around spot and and user value which is about 9% above spot.
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  #25  
Old 06-28-2017
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Default Re: $1,500 is a good entry point for BTC

BTC is like Pandora's Box, it cannot be undone once it has been released.
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  #26  
Old 06-30-2017
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Default Re: $1,500 is a good entry point for BTC

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Originally Posted by jakobrockz View Post
I wasn't arguing that bitcoin is the top choice for illegal activities.

But when thinking about the actual uses for bitcoin itself... illegal activities are on the top choice.

Hope I cleared myself up here
That was the argument 5 years ago with the Silk Road. Bitcoin is going mainstream.
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  #27  
Old 06-30-2017
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Default Re: $1,500 is a good entry point for BTC

Ehhhh

We can agree to disagree
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  #28  
Old 06-30-2017
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Default Re: $1,500 is a good entry point for BTC

yes we can agree to disagree. we have seen so many try to get rid of credit cards and cash and they just dont make it. BTC first off will never work with the 177 days confirmation time, imagine waiting for a confirmation at taco bell. Your tacos will be hella cold
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  #29  
Old 06-30-2017
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Default Re: $1,500 is a good entry point for BTC

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Originally Posted by danshan View Post
yes we can agree to disagree. we have seen so many try to get rid of credit cards and cash and they just dont make it. BTC first off will never work with the 177 days confirmation time, imagine waiting for a confirmation at taco bell. Your tacos will be hella cold
Who the hell said tacos at taco bell are real tacos. Oh you silly Americans.
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  #30  
Old 07-01-2017
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Default Re: $1,500 is a good entry point for BTC

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Originally Posted by danshan View Post
yes we can agree to disagree. we have seen so many try to get rid of credit cards and cash and they just dont make it. BTC first off will never work with the 177 days confirmation time, imagine waiting for a confirmation at taco bell. Your tacos will be hella cold
177days confirmation time frame is stupid, stop being stupid.
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  #31  
Old 07-01-2017
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Default Re: $1,500 is a good entry point for BTC

you think I am the stupid one, when anyone with the sense of a snail would know that is an exaggeration for effect. I think everyone knows that BTC confirmations are taking a long time these days and I think everyone knows that long time is no where near 177 days. Stop being stupid!
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  #32  
Old 07-01-2017
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Default Re: $1,500 is a good entry point for BTC

PS empire if you have nothing to add really just pass on by!
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  #33  
Old 07-08-2017
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Default Re: $1,500 is a good entry point for BTC

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Originally Posted by danshan View Post
PS empire if you have nothing to add really just pass on by!
I know you are very negative about BTC so stop posting in this thread. I don't need your negativity here. Go back to your FIAT currency.
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  #34  
Old 07-08-2017
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Default Re: $1,500 is a good entry point for BTC

Bitcoin transaction verification does take a tad long, but from the looks of it, Bitcoin will be for the higher end of the transaction spectrum - hence why its being referred to as Gold.

Then you have Litecoin which takes a few "minutes" to verify a transaction - this (IMO) will become the more mainstream version of cryptocurrency.

I think those two aforementioned coins have a big role going forward. Both also have a cap on the no. of coins ever, so value is likely to only rise.
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  #35  
Old 07-15-2017
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Default Re: $1,500 is a good entry point for BTC

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Originally Posted by duffrageous View Post
I don't think it will drop below $2300. You have to go all the way back to 2014 to see it drop more than 50%(it dropped 70% from 800 to 220). I would jump on it now, ride it to $3000, and sell it again assuming you aren't paying some incredible transaction fee to buy bitcoin.


Yes, it did.
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  #36  
Old 07-16-2017
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Default Re: $1,500 is a good entry point for BTC

Suddenly $1500 is not nearly as impossible as it used to be. I think it may even go down to $1,000 range.
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  #37  
Old 07-16-2017
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Default Re: $1,500 is a good entry point for BTC

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Originally Posted by empirestate View Post
Suddenly $1500 is not nearly as impossible as it used to be. I think it may even go down to $1,000 range.
Will be a lot of unhappy people who have big BTC wallets if it dips to that low...
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  #38  
Old 07-18-2017
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Default Re: $1,500 is a good entry point for BTC

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Originally Posted by smartguy View Post
Yes, it did.
Did you buy it yesterday when it was at $1800? Nice profit if you want to sell it today at $2350.
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  #39  
Old 07-18-2017
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Default Re: $1,500 is a good entry point for BTC

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Originally Posted by empirestate View Post
Suddenly $1500 is not nearly as impossible as it used to be. I think it may even go down to $1,000 range.
Curious to know where your predictions are coming from if im honest with you.
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  #40  
Old 07-18-2017
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Default Re: $1,500 is a good entry point for BTC

I had 13 ether coins from last week and I was waiting for a good time to sell. I am happy I held on to them now that ether has regain some. I sold everything today.
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  #41  
Old 07-19-2017
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Default Re: $1,500 is a good entry point for BTC

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Originally Posted by rsot View Post
Will be a lot of unhappy people who have big BTC wallets if it dips to that low...
It is like gambling,if my predication is not wrong ,again it will rise this time it will sky rocket anyway lets hope for the best
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  #42  
Old 07-19-2017
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Default Re: $1,500 is a good entry point for BTC

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Originally Posted by JamesNorth101 View Post
I would be surprised to see it go that low down. I expect it will hit around $1750 and then people will start to buy it again pushing the prices up once again
Just giving myself some kudos here....
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  #43  
Old 07-20-2017
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Default Re: $1,500 is a good entry point for BTC

Hope everyone bought it when it was low.
Pretty strong day for Bitcoin topping $2900 in the last hour.
Pretty happy today
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  #44  
Old 07-21-2017
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Default Re: $1,500 is a good entry point for BTC

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Originally Posted by slokor View Post
Hope everyone bought it when it was low.
Pretty strong day for Bitcoin topping $2900 in the last hour.
Pretty happy today
Was a good time to load up!

Price should hopefully be going up for at least the next couple months before the next issue comes up
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