how in the world is btc at $12.303,28? - page 2.

spy100

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Quote from: Lucius on August 19, 2020, 10:01:15 AM

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

how in the world is btc at $12.303,28?
there is nothing ,absolutely nothing to make btc from technical point worth so much ...
i am out of btc world ...as bitcoin is no longer a currency .

To your great regret (obviously) nothing apocalyptic has happened from what you have been poisoning the forum for months, so now you wonder how it is possible that the price is just that high?

If you deal a little less with apocalyptic theories, and read some true and real news, then you wouldn't ask why the price of BTC is above $12k. Have you perhaps heard of halving, Grayscale or Microstrategy? Maybe about US banks now can provide cryptocurrency custody services?

The fact that no one pays for your service with BTC is just a sign that you are not promoting your service in a good way, not that BTC has stopped being a currency.

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 ...

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

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.

https://bitcoin.org/bitcoin.pdf

read the whitepaper ...before you talk as so called btc experts ...

ampu

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Price 10k or 20k is not very important. Importantly, they are profitable for the investors. If bitcoin is so high that everyone is profitable, they'll all sell. Some people will think that the price is low and keep buying. Professional users of leverage love trading as bitcoin goes up and down. Volume matters in my opinion. As bitcoin has larger transaction volume, I am sure the market has put its faith in bitcoin and the crypto market.
Bitcoin is currently below $ 12k. When I look at the chart I realize that it is just a game of inflating prices and taking profits quickly.

Lucius

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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?
there is nothing ,absolutely nothing to make btc from technical point worth so much ...
i am out of btc world ...as bitcoin is no longer a currency .

To your great regret (obviously) nothing apocalyptic has happened from what you have been poisoning the forum for months, so now you wonder how it is possible that the price is just that high?

If you deal a little less with apocalyptic theories, and read some true and real news, then you wouldn't ask why the price of BTC is above $12k. Have you perhaps heard of halving, Grayscale or Microstrategy? Maybe about US banks now can provide cryptocurrency custody services?

The fact that no one pays for your service with BTC is just a sign that you are not promoting your service in a good way, not that BTC has stopped being a currency.

seradj0

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just picking a shitcoin like ETH make this thread a troll

philipma1957

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Quote from: Poker Player on August 18, 2020, 02:39:09 AM

Quote from: spy100 on August 18, 2020, 12:48:49 AM

You can move your money using eth,ltc or any other crypto ...that does not justify the increase in price of a crypto

I didn't think I had to explain you that most shitcoins like eth are centralized and that ltc is just a copy of bitcoin so people prefer the original. Bitcoin solved the byzantine generals problem, it has the most secure network, it uses POW and so on.

Quote from: spy100 on August 18, 2020, 12:48:49 AM

When price of something increases means that there is more demand for that thing ...

How much demand can it be for crypto if there is no liquidity ... has zero use beside speculation,gambling,and money laundering .

-snip-

What i am saying is that it is false demand and some jerks are pumping the price ... question is how ? How is manipulating the crypto market ... ?

I partially agree that some of the volume might be manipulated but LOL you think speculation, gambling and money laundering don't bring any liquidity to the Bitcoin market? There are around 300k daily bitcoin transactions. That doesn't sound to me like there is no liquidity and there is no use for bitcoin.

Quote from: spy100 on August 18, 2020, 12:48:49 AM

I f..king build bitcoin and eth trading platforms ...when you build a trading platform then call me a troll ...

I don't call you a troll. It is evident that you are.

When you get profits from those platforms are you going to socialize them?

USA will survive the economic crisis if it becomes a socialist country.

It's time for EUROPE to become SOCIALIST.

A socialist trying to profit from speculation. LOL.

ltc and doge very secure they are decentralized to some degree and have a lot of asics backing them.

btc = 10000 usd treasury bill
ltc = 500 to 10000 dollar sale
doge = 1 to 500 dollar sale.

if you use the three above you have a safe effective system for financial transactions of all sizes.

NavI_027

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Quote from: smyslov on August 18, 2020, 07:01:28 PM

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

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 .

It's a currency for me you just did not stumble or look for enough marketplace companies that accepts Cryptocurrrency and we are only at $12 k and yet you are already saying good bye

I can't blame OP if he is upset with the current path btc walking through. I admit that as time goes by it becomes more of a money than a currency. I'm not saying I hate it either, actually it's fine with me because I'm able to make profits. Hmm, I'm just wondering why seems OP doesn't learned to enjoy such opportunity.

But if you would imagine, btc's vision of cashless P2P transaction doesn't vanished, the progress is just slow since the majority are too focused harnessing its store of value feature. Nonetheless, it was there. Though few, you can still find stores and services that accept btc payments. Everyone should only be courageous to establish their own or at least find one nearby

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Janation

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Currency or not I know a lot of people that earned something out of Bitcoin.

It is not something that they just earned but it also helped them when they are in their low point. I know that it is not literally Bitcoin's help, it is them but what I'm saying is that there are also those people that wanted to have some profit especially these hard times. Other people follow, demand goes higher, hence making those movements that may cause these pumps. These people are also merchants and own a store, they also considered accepting Bitcoin, although they are not that much but still, it is something.

FanEagle

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I don’t know for you, but I have worked with two companies recently which I got in contact with on LinkedIn and they both paid me in Bitcoin. One of the two companies allows their employees to work remotely, and it’s a company that is located in Ireland and they pay their staff with Bitcoin and PayPal.

This is a company with over a hundred employees working remotely, and imagine how much they will be sending out every month using bitcoin. That you haven’t gotten a client that pays you with Bitcoin doesn’t mean that there are none of them paying with Bitcoin, no there are many of them. And it’s not all about waiting for when clients will pay you with Bitcoin, you and your friends can also use it. It’s all your choice on whatever decision you want to make.

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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 .

So be it if you do look bitcoin this way and also it isnt really just set out on stone to be a currency yet we know that it can be either both at the same time .Digital currency + Investment.
You cant force out people on how they do gonna handle out their coins neither they would actively spend it or hoard it since they do know the price increase potential and also asking on how in the world it did happen? then if you've been here on this market for a while now then you wont get shocked into this kind of scenario or situation.Price can shoot up even on a matter of seconds and all technical analysis would be blown out since these are not precise indicators that will give out precise predictions towards future prices.

smyslov

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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 .

It's a currency for me you just did not stumble or look for enough marketplace companies that accepts Cryptocurrrency and we are only at $12 k and yet you are already saying good bye, you are going to definitely missed making a profit when Bitcoin hit another all time high.

STT

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Speculation can raise BTC but also the decline in dollar has some part of it. I'm interested in the OP business and relevant sector to crypto, if your product is digital and people dont want to use BTC at all then Iam surprised but I really need to see the original context to fully consider your point. The obvious counter is dollar is also digital and still convenient especially if your customers have dollar then why not, where as a global audience might more easily use BTC. I take your general point that BTC business has not risen enough, likely you are correct and alot is anticipated but not yet occuring.

sana54210

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Bitcoin does make this incredible big moves higher levels time to time and that is what matters right now, to make it go above and make it stick there for a while.

I am glad that bitcoin actually moved to higher levels, I have been wanting for it to move that way for a while but it was stuck at around 11.7k or so range for the longest time, before that it was around 9.5k range and stuck there, if the price sticks above 12k levels and not go down and stay there, that means price would probably go higher once again and make it to higher levels, that is what matters right now, will it go down with a correction or will it be stuck at 12k+ price like it was stuck with the other prices? I don't know which one will happen but I do want price go higher eventually.

NotFuzzyWarm

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Quote from: moha sasa on August 18, 2020, 02:26:48 AM

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 ...

- In case you missed the news:-

https://www.zerohedge.com/crypto/usps-just-filed-patent-blockchain-based-secure-voting-system

The USPS Just Filed A Patent For A Blockchain-Based Secure-Voting System

- My business is dead without btc, I'm totally dependent on it. I can't send one $ out of my country.

Key word in the USPS voting patent is blockchain. That does not mean it has anything to do with the BTC blockchain and no doubt will be using a privately ran network chain that is contracted by the government. As such, it has zero bearing on BTC value and usage.

hulla

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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.

You seem not to understand that there are some market trend no technical analysis will see or know what actually cause. Besides, people are holding while the whales are accumulating more crypto and I will advise you to join whales alert so you can informed about whales buys/sells.

Welcome to the crypto world !

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

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 ....

Even Vitalik will never expect such situations occur.

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

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

They are not stupid but after bitcoin halving bullish market is expected.

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

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 .

Bitcoin is a currency and also an investment but just because youre merchant or have a store where you accept bitcoin as payment and none of clients pay with bitcoin doesn't mean bitcoin shouldn't surge above $11K cause thats a sign that people choose to hold than spend it mind you the price of the market depend on the level of market demand and supply.

wxa7115

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Quote from: spy100 on August 18, 2020, 12:48:49 AM

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

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

Of course bitcoin is not used a lot to buy goods and services. The point is that it is the best reserve of value in the world. Until recently, the best reserve of value was gold and some people think gold is better than bitcoin because it has been a store of value for thousands of years, while bitcoin is only 12 years old.

But try to escape to another country with a million dollars in bitcoin and then try it with a million dollars in gold as well. Then you come and tell us the difference.

You can move your money using eth,ltc or any other crypto ...that does not justify the increase in price of a crypto

When price of something increases means that there is more demand for that thing ...

How much demand can it be for crypto if there is no liquidity ... has zero use beside speculation,gambling,and money laundering .

I f..king build bitcoin and eth trading platforms ...when you build a trading platform then call me a troll ...

What i am saying is that it is false demand and some jerks are pumping the price ... question is how ? How is manipulating the crypto market ... ?

It seems to me that you concentrate too much on the why and the how things happen instead of concentrating yourself in what is happening? The short term fluctuations of bitcoin do not really have to make a lot of sense and this is true not only for bitcoin but for any asset, if for whatever reason you do not like it then you can stay out of it, you are not obliged to participate in it.

For what I can see in your posts history this is a tendency in you, stop worrying about the things that you do not control because it doesn't matter what you think bitcoin is going to continue to move according to the supply and demand and if people keep buying bitcoin for a price above 12000 then that is their choice.

thesmallgod

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It is like you do not study the previous bull runs. If the price of bitcoin can continue to increase during this period that every country is complaining of the hardship due to the pandemic then you should have known the rise in price is another form of manipulation. Check the cryptowhale on twitter and collect the statistics of stablecoin that are being minted and those transfer to the exchange platform, especially Binance and Huobi, then you will understand where the pump is coming from even though the transaction fee is getting high.

BrewMaster

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There is trouble abrewing

a better question is why is a shitcoin that is fully centralized and is riddled with lots of bugs and is called ethereum is still alive if not for the pump and dumps they keep doing.

otherwise a currency such as bitcoin that is used by lots of people to buy lots of things every day is very undervalued at $12k price. literary millions of dollars worth of merchandise is being purchased using bitcoin every day.

lepbagong

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what has happened to bitcoin is a blessing for those who hold it, if you don't hold it, that is because you can't enjoy what has happened with bitcoin.
Let those who have held bitcoin for a long time now enjoy what has happened. I myself can only pay attention because I also do not have.

Kez1817

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The value of bitcoin is not just when you can use it to buy goods and services. There are other things which is more than using it for payments. Before end of this year you become amazed if bitcoin price will reach again new ATH. Well,there is nothing wrong if you choose other digital currency to invest over bitcoin because we have a freedom to choose what we want. Bitcoin,ethereum,xrp,ltc,doge whatever....invest at your own risk.

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Quote from: ?? on ??

Quote from: freedomgo on August 18, 2020, 03:00:56 AM

I'm glad to see some anti bitcoin since I've been seeing a lot of posters bullish on bitcoin so far.
This make my day, $1 usd to $2 usd, are you kidding?

I'm not surprised either but I'm also glad too Cool

because there are lots of anti bitcoin out there, he's an eth fan, but OP forgot that without the existence of bitcoin ethereum will be be no where to be found, perhaps OP might have forgotten that bitcoin had reached $20k previously, I don't know why he's surprised at just $12k+, bitcoin is more adopted than eth, bitcoin Atm worldwide is increasing daily, expecting bitcoin to go down to a dollar? Like seriously? I'm short of words dude

I guess OP is hoping bitcoin to drop that low because he is looking for an opportunity to fill his bags, lol..
Bitcoin ain't going down that low, best opportunity to accumulate bitcoin has already passed, and that is when bitcoin dump early this year.

We can check the YTD graph (https://coinmarketcap.com/currencies/bitcoin/),and we can see that bitcoin dropped $5k this year, that's the only opportunity for accumulation so far if one is investing for short term.

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