Sold of My Entire Bullion Collection In Order To Purchase BitCoins

The crash
1 Bitcoin equals
16027.86 US Dollar

 

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This makes no sense. What had been driving the massive increase the last few days?

 

A lot of action in Korea and the fact that it will be trading on Wall Street soon.

 

Bitcoin FUTURES ... coming to Banks and your favorite brokerage very soon.

look at the downward spikes in the last hour.

 

You can't kill yourself jumping out of a basement window.
1 Bitcoin equals 15950.00 US Dollar

 

that's interesting because I see it as $16,466 per bitcoin right now
it was $15,950 at 3:28 EST, an hour and a half earlier.

 

here's a report ...
https://www.bloomberg.com/news/arti...or-prime-time-a-wild-session-raises-questions

"At Coinbase on Thursday, bitcoin was almost $3,000 pricier than the levels seen on other markets, a record high, according to data compiled by Bloomberg."

Remember, there is no Central Exchange.

it references Coinbase

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btw, CoinBase is *always* having service delays. So if you think you can sell it in a hurry during a crash, you may get stuck with it for hours ...

 

I am sure there are different prices for the different exchanges. When they start trading it on Wall St. the price will be the average of 4 Bitcoin exchanges. When I ask Google for Bitcoin spot, this is what I get:
1 Bitcoin equals
16760.03 US Dollar

 

You should probably read my post again because I did not say or infer that I was disappointed because I missed out on this Ponzi. The fortunate few who sell at a huge profit will be very happy. The many who lose (yes, you must have many losers for one person to win big) will be devastated. How exactly is this good?

 

1 Bitcoin equals
17619.99 US Dollar

 

You actually don't need to have losers for others to win in this case. There's no pool of money that the value is being drawn from. The winners FARRRRRRRR outweigh the losers at this point in it's history

 

It's called A BUBBLE....we saw it with Internet stocks in 1999-2000 and with graded coins in 1989-90.

 

this has been crazy to watch for sure.

 

1 Bitcoin equals
16353.57 US Dollar
Yes very exciting. I expect some sort of stabilization to take place, after the regulations start, and some kind of top is reached.

 

Delusion is common during bubble mania.

 

a tad lower this morning

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https://www.marketwatch.com/story/p...be-driving-its-massive-move-higher-2017-12-07

 

Has it reached a top?
1 Bitcoin equals
15549.94 US Dollar

 

Triple post

 

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Reached the TOP ?

I was "day trading" crypto a few months ago. Then just sat on it.

But being a stock market person I couldn't figure out what the driving forces were other than basic Supply/Demand.

About 40% of Bitcoin is owned by about 1,000 people.

Mining is expensive (banks are in it but say it's a money losing process).

And demand for crypto especially Bitcoin has risen dramatically. The only thing that makes sense is basic Supply/Demand plus some stupidity thrown into the mix and viola, you have crypto valuation.

So if demand drops for BitCoin, and maybe shift to other Crypto which has a lower valuation then maybe it has reached it's top. or ... maybe not.

 

I don't think it has, but it was $19,000 yesterday and today it is in the $15,000's. Driving forces are a lot of buying in Korea and the optimism
about trading Bitcoin on Wall St.