how in the world is btc at $12.303,28?

wxa7115

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Quote from: mu_enrico on August 19, 2020, 02:00:31 PM

^ Price/value is subjective. You might feel $12k is too much, but there are many ~~brainwashed~~ people that feel the price would be one million $. At the end of the day, it's all depends on the perception of the masses. Your decision as an individual does not affect BTC price, but collective decision will.

This, the price of something is always subjective and it is decided entirely by what people want to pay for it, is a work of art worth hundreds of millions of dollars? For some people it is and since they have the money to pay then that is the valuation the work of art gets and the same is true for bitcoin, it is obvious that many people around the world cannot understand how something that you cannot touch and that is completely digital can be worth 11,400 dollars but that is the way the supply and demand works.

People think that the price of bitcoin will go up very rapidly during the next years, and whether this is happens or not this belief is having a huge impact on the price and will keep doing so for the foreseeable future.

wiss19

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Do you understand Bitcoin at all? After reading this I checked your profile to see your rank, because I thought you were still a noob that doesn’t understand a thing about the market, not knowing you’re even a senior member. So, you don’t know that Bitcoin relies on trust?

Okay, I know what you’re trying to say is on manipulation, and that’s something everyone has known for quite long now and Bitcoin is getting pass that level, unless altcoins, they are the ones that can easily be manipulated by anyone. The price of Bitcoin reached this level because people are buying more of Bitcoin. There are lots of things that shows people’s interest in BTC if you have been up to date recently.

Emitdama

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Quote from: Shasha80 on August 23, 2020, 07:02:07 AM

Please if you choose to leave the Bitcoin world, no one forces you to invest in Bitcoin. I am, after all knowing that currently Bitcoin
does not function as a currency, because it is true that people rarely use Bitcoin to buy goods or services. But no one can predict
the future, I still believe that one day Bitcoin will become a global currency. All we need is to be patient, so I won't be influenced
by your opinion about Bitcoin. Because I will keep collecting as much Bitcoin as possible.

Yeah, why do people think about bitcoin price like it is a product. I mean just because there are traders out there who wants to make it high, doesn't mean that there needs to be some other reason to make it high. If traders wants to make it high, they can make it high, if they want to make it low they can make it low and that is literally all we need about bitcoin to be up or down.

At one point traders said that they rather buy more than they sell and that is why bitcoin price reached above $12.3k and after that there was a change in logic and they said they rather sell more than they buy and price went to $11.5k and that is ONLY thing needed to make the bitcoin price change and that is the only thing that matters. Market knows this very well, hopefully other people will realize it as well.

Mauser

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Quote from: freedomgo on August 24, 2020, 04:02:10 AM

Quote from: Shasha80 on August 23, 2020, 07:02:07 AM

Please if you choose to leave the Bitcoin world, no one forces you to invest in Bitcoin. I am, after all knowing that currently Bitcoin
does not function as a currency, because it is true that people rarely use Bitcoin to buy goods or services. But no one can predict
the future, I still believe that one day Bitcoin will become a global currency. All we need is to be patient, so I won't be influenced
by your opinion about Bitcoin. Because I will keep collecting as much Bitcoin as possible.

Relax dude, we need some haters, like we need some dumpers to make bitcoin stronger. Everyone has their own opinion, they are in crypto and we are not bias here so we accept crypto enthusiast and crypto haters, besides if they like to get involve they can just play the game, and that is shorting bitcoin all the time.

Without any seller we wouldn't see any real bitcoin prices. Imagine everyone would just mine coins and hold them. There would be ciculation. We need an active bitcoin market to attract more people. It is good that people use coins to buy things and exchange them for FIAT. Trading bitcoins is actually fun. Unfortunately I don't have the time at the moment to go back to intra day trading of bitcoins. But the more people buy and sell bitcoins the bigger the market will become. We want people to have different opinions about the value of bitcoins.

Furious 7

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Quote from: Rengga Jati on August 22, 2020, 07:51:16 PM

It's cycle dude.
It is very normal for BTC to hit that rate and may be higher. Just see on the market chart. Although probably the news may also give the influence to the BTC price. But mostly, the market has its own change. In this case, never panic every time the price is down or up. But in this case, let's follow the market of BTC and find the chance to make profits every time you make it.

Sometimes they only see from the lowering session how to correct and not panic at that time and the current condition of bitcoin for me is quite stable maybe this increase will continue until the end of this year, I won't see bad news because it will affect me when I see Fill in it and stay in the position of what I do to be used to generate income from every time I buy and sell.
12k-13k will soon be reached, no need to panic, it will cause great jealousy and destroy your confidence.

freedomgo

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Quote from: Shasha80 on August 23, 2020, 07:02:07 AM

Please if you choose to leave the Bitcoin world, no one forces you to invest in Bitcoin. I am, after all knowing that currently Bitcoin
does not function as a currency, because it is true that people rarely use Bitcoin to buy goods or services. But no one can predict
the future, I still believe that one day Bitcoin will become a global currency. All we need is to be patient, so I won't be influenced
by your opinion about Bitcoin. Because I will keep collecting as much Bitcoin as possible.

Relax dude, we need some haters, like we need some dumpers to make bitcoin stronger. Everyone has their own opinion, they are in crypto and we are not bias here so we accept crypto enthusiast and crypto haters, besides if they like to get involve they can just play the game, and that is shorting bitcoin all the time.

Vishnu.Reang

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Quote from: Rengga Jati on August 22, 2020, 07:51:16 PM

It's cycle dude.
It is very normal for BTC to hit that rate and may be higher. Just see on the market chart. Although probably the news may also give the influence to the BTC price. But mostly, the market has its own change. In this case, never panic every time the price is down or up. But in this case, let's follow the market of BTC and find the chance to make profits every time you make it.

Yes. Bitcoin will be having its own ups and downs in the future. But if you stay put, then you will be rewarded in the end. The trick is not to fell victim to the FUD floating around. Be patient, hold your coins for the long term and ignore the FUD. Bitcoin is something that can never be destroyed. So you may get good returns sooner or later. Only thing that you need to do is to trust the concept of cryptocurrency.

Shasha80

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Please if you choose to leave the Bitcoin world, no one forces you to invest in Bitcoin. I am, after all knowing that currently Bitcoin
does not function as a currency, because it is true that people rarely use Bitcoin to buy goods or services. But no one can predict
the future, I still believe that one day Bitcoin will become a global currency. All we need is to be patient, so I won't be influenced
by your opinion about Bitcoin. Because I will keep collecting as much Bitcoin as possible.

Kelvinid

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win lambo...

Quote from: coolcoinz on August 23, 2020, 06:39:22 AM

Usually people who miss the train try to share their regrets with the rest of us in the form of "Why the hell is this happening? It's unfair"

Indeed, usually people never think that it will pumps rather than think about that it sinks. I can't imagine why most people never buy Bitcoin during the bear season but they come out when it started to move high. That's a big mistake.

Just like it happened last 2017 Bullrun, a lot of people missed that train and it comes to the point that it happens again this time. Really it is unfair! Because in the first place, they always think negatively about crypto rather be an optimistic individual. If they are of regrets this time, then have to blame themselves first rather than saying that the market is so UNFAIR.

coolcoinz

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The funny part about what OP has said is that posts like that were made every single year in Bitcoin's history.
"how the hell it is worth $1k when just 2 years ago I was selling for $10? There's nothing that would explain such growh in value! Nobody is using it!"
FYI nobody is using gold to buy things in a store too.

Usually people who miss the train try to share their regrets with the rest of us in the form of "Why the hell is this happening? It's unfair"

carlisle1

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Quote from: spy100 on August 17, 2020, 11:40:56 PM

how in the world is btc at $12.303,28?

https://coinmarketcap.com/currencies/bitcoin/

there is nothing ,absolutely nothing to make btc from technical point worth so much ...

Nobody is using their btc to buy goods/services ,i know do to fact i am accepting btc and no clients via btc this month ...zero orders via btc. No real liquidity ..people are just hording.

I really hope i am not right about what i think it is as we will see btc worth 1-2 usd

And ethereum at $429,87 ....

Are people that stupid to forget that in March btc was at 8000 usd and eth was at 130 usd .... ?

-------------------------------------------------------------

Well if you guys say bitcoin is a "investment" good luck with it...i am out of btc world ...as bitcoin is no longer a currency .

Then why still posting about BTC if you are really out of it?Let us do what we want and you as well because we don't need your concern as we already know what we are doing,i don't know if you know what you are saying here.

Quote from: Rengga Jati on August 22, 2020, 07:51:16 PM

It's cycle dude.
It is very normal for BTC to hit that rate and may be higher. Just see on the market chart. Although probably the news may also give the influence to the BTC price. But mostly, the market has its own change. In this case, never panic every time the price is down or up. But in this case, let's follow the market of BTC and find the chance to make profits every time you make it.

and there are some Big investors that enters the market again,maybe those are the past investors that waits for right timing like now.

look how the market stays in 5 digits value.

Quote from: seradj0 on August 19, 2020, 07:52:23 AM

just picking a shitcoin like ETH make this thread a troll

OP had already decided,He is Out of BTC and maybe ETH also,and he may choose shitcoin over Bitcoin.

STT

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Quote

Nobody is using their btc to buy goods/services ,i know do to fact i am accepting btc and no clients via btc this month ...zero orders via btc. No real liquidity ..people are just hording.

If this was conclusively proved it would be more useful to note and might be a good resource especially over time. I think the quickest reference I've seen done of this nature is by checking google search activity for crypto and BTC and see if at least the audience interest is gaining. I do agree volume counts for alot but also traders tell me many times only price pays, in that the price trading for a high you dont believe in does not disqualify it from being capable of rising further.
The main problem is considering currencies a fixed unit or ratio of exchange, its been a long time since dollar kept a steady value. It might be slower then BTC in its change but the biggest clue to alterations in prices is to consider the bias or trend in change for that unit and over time dollars decline hence prices will rise and are correct to do so. I only really believe the large estimations for BTC can be true if the system improves and builds upon its transaction capability.

Rengga Jati

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It's cycle dude.
It is very normal for BTC to hit that rate and may be higher. Just see on the market chart. Although probably the news may also give the influence to the BTC price. But mostly, the market has its own change. In this case, never panic every time the price is down or up. But in this case, let's follow the market of BTC and find the chance to make profits every time you make it.

Emitdama

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You sound like a confused person. Okay, let me guess, you started making use of Bitcoin when it was at the rate of $8,000?

Because I’m saying this based on the way you have explained it here. So, you didn’t know that there was a time Bitcoin was worth less than a dollar before getting to that $8,000 you’re talking, and you never bothered asking yourself how it even got to that amount from nothing?

You’re just confused and you don’t even know a thing about Bitcoin, I can see that, if you do you wouldn’t be saying this.

Anyway, making use of Bitcoin is not by force, the same way you have made up your mind to leave there are also people that left, but that never stopped he growth of Bitcoin.

prehisto

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lol, so you have been for years and now suddenly BTC is not worth the money and your time. Suddenly the price is too high. Just take a look at Tesla and Apple they are overvalued as well! Yes, btc is overvalued but it is not suprise.

bits4books

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Crypto is not a religion but i like it

how in the world is gold at $1957,20 USD?
there is nothing ,absolutely nothing to make btc from technical point worth so much ...

Nobody is using their gold to buy goods/services ,i know do to fact i am accepting gold and no clients via btc this month ...zero orders via gold. No real liquidity ..people are just hording.

I really hope i am not right about what i think it is as we will see gold worth 1-2 usd

And platinum at $2000....

Are people that stupid to forget that in March gold was at 1475 usd and platinum was at 590 usd .... ?

_______________________________________________________________________________ _____________

Does it remind you of anything?

Lucius

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Quote from: spy100 on August 19, 2020, 11:14:29 AM

Poisoning my ass ... dude when you played with your toys in the sand i was mining bitcoin with my desktop pc ...i don't think you ever heard of desktop pc's

Given your current attitude, I wouldn't be surprised if you're still playing with toys in the sand - and that I've never heard of a desktop PC I won't even comment, I even have a few old models over 20 years old.

Quote from: spy100 on August 19, 2020, 11:14:29 AM

you guys was lucky that i was out of the btc world for 5 years as i was doing something else ...The original bitcoin was not intended to be used by banks , centralized platforms or stuff like that ... it was meant to be a decentralized cryto currency

I agree we were happy you weren't here, because apart from burying this board with an incredible amount of worthless garbage, your contribution to the forum is zero.

Quote from: spy100 on August 19, 2020, 11:14:29 AM

Now your doing the opposite your centralizing it and turned it in to a Ponzi Scheme ,Pyramidal Game ... well good luck with your investment ... i am out of btc world, going to use paypal ,eth ,wu,mg,bank transfer as it's cheaper then bitcoin for me and my clients.

I am glad that we are getting rid of rotten apples, especially those who do not know how the fees work, so they pay 50 times more than they should. Your clients seem to be very desperate and undemanding people, my condolences to all of them for having to work with a person like you...

spy100

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Quote from: Twentyonepaylots on August 19, 2020, 02:23:41 PM

Quote from: Poker Player on August 17, 2020, 11:58:12 PM

Hi man, I'm starting to think you are a troll.

Sorry OP, but I do think the same too. You've been creating topics almost everyday without thinking it to yourself.

You are questioning why bitcoin isn't use to pay for services or products when you know it is volatile, and still cash is the best option for getting it done.

You start questioning things after you have been gone for 5 years,telling us that we're lucky coz you've been out for 5 years? how is that supposed to mean? Are you something else that we should be proud of being in here?

The basic supply and demand law will simply answer your question why in the world bitcoin is at $12,000.

Anyone can create as many topics as they want ... if you don't like it go to another forum ... this ain't your private chat room ... it's a forum .

Twentyonepaylots

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Quote from: Poker Player on August 17, 2020, 11:58:12 PM

Hi man, I'm starting to think you are a troll.

Sorry OP, but I do think the same too. You've been creating topics almost everyday without thinking it to yourself.

You are questioning why bitcoin isn't use to pay for services or products when you know it is volatile, and still cash is the best option for getting it done.

You start questioning things after you have been gone for 5 years,telling us that we're lucky coz you've been out for 5 years? how is that supposed to mean? Are you something else that we should be proud of being in here?

The basic supply and demand law will simply answer your question why in the world bitcoin is at $12,000.

mu_enrico

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^ Price/value is subjective. You might feel $12k is too much, but there are many ~~brainwashed~~ people that feel the price would be one million $. At the end of the day, it's all depends on the perception of the masses. Your decision as an individual does not affect BTC price, but collective decision will.

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