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$1,500 is a good entry point for BTC
 

I think we are now seeing BTC correction...

Re: $1,500 is a good entry point for BTC
 

possibly.. I'm still with mostly cash.. just waiting.

Re: $1,500 is a good entry point for BTC
 

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

Re: $1,500 is a good entry point for BTC
 

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.

Re: $1,500 is a good entry point for BTC
 

Agreed with duff, imo unlikely to dip below $2000-2200

Re: $1,500 is a good entry point for BTC
 

what happen today BTC :( 2183.53 US Dollar

OUCH

Re: $1,500 is a good entry point for BTC
 

Its the same as its done in the last few months. One step back three steps forwards.
Im holding on to mine.

Re: $1,500 is a good entry point for BTC
 

I think I am about to purchase some and perhaps ETH too. If you look at the graphs for the last week, they almost are identical. So to me it looks like a trend with all cryptos (but that is just basing on the graphs for BTC ETH LTC)

Re: $1,500 is a good entry point for BTC
 

Goodtime to buy bjammin. Eth seems risky, but BTC is looking good :)

Re: $1,500 is a good entry point for BTC
 

If anyone has been looking at the exchanges the last few days(I just looked at Coinbase), their website was down for 2 days when BTC fell from $3000 to $2300. Looks like GDAX was up though, so you should be using that or another exchange for trades during high volatility periods. Also, they seem to set a limit of $5000 per day withdrawals, so you have to be committed to keep most of your money in your GDAX account.

https://www.reddit.com/r/CoinBase/co..._with_coinbase

Re: $1,500 is a good entry point for BTC
 

And that's why Id never leave my cryptocoin in the hands od any exchange.
Cold storage all the way for me thank you very much.
By the way looks like its the last chance to be buying in again cause its on its way back up - looks like its heading to $2500 shortly.

Re: $1,500 is a good entry point for BTC
 

BIP 148 could cause some panic selling in August. It could also potentially be a liquidity squeeze since so many are pulling them off the exchanges and into cold storage. Hard to predict what will happen.

Part of me thinks the Miners are playing chicken an at the last second are going to say we accept Segwit while they have been accumulating and Bitcoin goes up to $4k.

Re: $1,500 is a good entry point for BTC
 

Bitcoin is moving up again the last couple days. Will it hit $3000 again before dipping to $2500?

Re: $1,500 is a good entry point for BTC
 

According to the price action lately, buyers are stronger than sellers but anything is possible. Probability of going higher from here is stronger than going down.

Re: $1,500 is a good entry point for BTC
 

I think the cold storage has made BTC so rare. I mean btc being used daily out there has to be darn near none. I think that is why the price is skyrocketing and probably will continue as people store more as it is thought of as a good investment.

The uses of actual using BTC are hard to find.
what do you use btc for that you really need BTC to use it for?

not many things really. My favorite thing is virtual items but other than that it literally has no good use.

Re: $1,500 is a good entry point for BTC
 

LBC is the only place BTC is being bought and sold for actual use.
you can see the prices there are at least 9-10% above spot regularly now and they use to be 4-5% not long ago

Re: $1,500 is a good entry point for BTC
 

bitcoin is REQUIRED for illegal activities. That is definitely something keeping it alive

Re: $1,500 is a good entry point for BTC
 

And CASH isn't? Funny cash is probably used a trillion times over for doing such activities and you are not saying anything bad about it...

Re: $1,500 is a good entry point for BTC
 

Correction: it is required for *online* illegal services.

You're right about cash and completely agree, but when shipping drugs across the world or paying for stolen credit cards or want to stay annon from the buyer/seller for a hit etc, bitcoin is the way to go.

Re: $1,500 is a good entry point for BTC
 

I can buy stolen credits with cash, i just go buy a gift card with cash and pay with that. Cash is still king for illegal things.

Re: $1,500 is a good entry point for BTC
 

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

Re: $1,500 is a good entry point for BTC
 

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.

Re: $1,500 is a good entry point for BTC
 

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.

Re: $1,500 is a good entry point for BTC
 

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.

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.

Re: $1,500 is a good entry point for BTC
 

That was the argument 5 years ago with the Silk Road. Bitcoin is going mainstream.

Re: $1,500 is a good entry point for BTC
 

Ehhhh

We can agree to disagree :bounce:

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

Re: $1,500 is a good entry point for BTC
 

Who the hell said tacos at taco bell are real tacos. Oh you silly Americans.

Re: $1,500 is a good entry point for BTC
 

177days confirmation time frame is stupid, stop being stupid.

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!

Re: $1,500 is a good entry point for BTC
 

PS empire if you have nothing to add really just pass on by!

Re: $1,500 is a good entry point for BTC
 

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.

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.

Re: $1,500 is a good entry point for BTC
 

Yes, it did.:pound::pound:

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.

Re: $1,500 is a good entry point for BTC
 

Will be a lot of unhappy people who have big BTC wallets if it dips to that low...

Re: $1,500 is a good entry point for BTC
 

Did you buy it yesterday when it was at $1800? Nice profit if you want to sell it today at $2350.

Re: $1,500 is a good entry point for BTC
 

Curious to know where your predictions are coming from if im honest with you.

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.