discuss Bitcoin above $16,000. Where is it headed?

[Arpit131]

Bitcoin is already trading at $16,300+

Where do you think it will cap out?

 

[urlurl]

slow transactions

some vendors are not accepting anymore

skyrocketing higher fee's

closely held

hackable or loss due to hardware failure

zero underline value

...risky bet if you ask me

 

[JB Lions]

Didn't it hit 10,000 just a week ago or so - https://www.namepros.com/threads/bitcoin-surpasses-10-000.1052301/

Now it's 16,700+. That's a pretty big jump in a short amount of time.

I was on Twitter and saw some porn star trending, looks like she committed suicide. Was reading some of the comments, one was from her friend, another porn star about Bitcoin. I don't think she would lie to us, seems trustworthy and crypto expert. Somebody will be buying at peak, just like the 4l's and be hating life, people who got in early are overjoyed. Where's the peak, who knows. Will be interesting to watch. This is what she posted/tweeted:


Here's why #bitcoin is an easy way to get naive investors to lose all their money

If something gets popular & mainstream STAY AWAY. Wolves will always reign over sheep. Wolves will always be able to fool the sheep.

 

[.NJ]

The manipulation that is going on right now is straight out of the Bernie Madoff files....

 

[gotasale]

Dreamers of bitcoin worth 100k$ or more have already realized that the big bitcoin game is over and they are jumping quickly from coin to coin without logic reasons, but only for speculation

The ripple game will be shorter although ripple can kick bitcoin from first position

Then when ripple equals iota around 4$ , they will jump to iota because number of coins are less or they may jump to cardiano

The money pumping to cryptos is decreasing but when the big whales decide to cash out , big crash will happen to all coins

 

[Domainscoop.com]

it will hit 20K, i gurantee you. Everytime you hit milestone, remove the few coins you have already had and put in other crypto.

Boy o Boy when it will hit, - ONE TRUMP TWEET - will destroy bitcoin, JUST ONE TWEET. so play with fire -with precautions.

 

[DomainVP]

1) How does an owner lose BTC? Is it a matter of the "private key" gets lost (sort of like forgetting a password) and therefore no way to access/transfer your balance when a laptop dies?

Yes. The private key is gone, and there is no way to access previously allocated BTC.

What happens to "lost" BTC? Is it sort of like dropping a gold coin in the ocean where it still "exist" but no one knows where it is? And does the lost item directly (or indirectly) increase the value of other's holdings via a smaller stock/scarcity model? (sort of like collecting long lost and somewhat scarce physical coins)

It's foretasted that up to 20% of BitCoin is lost/locked. Some people had tens of thousands of BTC and the keys are lost forever. That BTC will remained locked forever, until the keys are found.

Once a month I look for ways to find mine, I either have 50 or 500 BTC which was given as a promotion for signing up for a wallet service. You gave them your key and they sent you 50 or 500 BTC. You have to remember that this was equivalent to .50 cents but not really, because good luck if someone would give you a dime for 500 BTC back then. BTC often did not translate into real world money at the time, and was very easily mined.

3) And... a treasure hunters mentality... what if you found someone's long lost and forgotten "private key" on a thumb drive backup? To regain the BTC balance, is it simply a matter of opening a new wallet with a new "public key", enter the found "private key" and whammo... you have a nice BTC balance?

Finders keepers.

If you find old computers/laptops always search for a wallet.dat file, someone may have been a BTC enthusiast and has a wallet installed on their computer.

4) And... from a heist perspective... what prevents someone from running a program that pings randomly generated "private keys" to see if there is a balance remaining for any of those "private key" locations?

For a true random generated wallet the probability of guessing is "unpractical".

Someone could have chosen a manual password, but in most cases it's a very long generated alphanumeric password.

ie: 5HpHagT65TZzG1PH3CSu63k8DbpvD8s5ip4nEB3kEsreG7q5WCf

Meaning, you are more likely to win the lottery while holding hands with Jennifer Lawrence... on the moon.

 

[Domainscoop.com]

anyone sitting on the sidelines didnt get in on time, will have time to speculate and base their opinions on things that has no base.

Ofcourse what goes up must come down, thats the rule of thumb. Even stock markets goes up and down and crash etc.

so now relax and enjoy the ride, you should not invest what you can not afford to loose. enough said.

 

[Keith]

For those that don’t like Coinbase because of the withdrawal limits - use gemini.com. No limit and easy wire transfers in/out.

 

[DomainVP]

It's unreal.

It eats my soul to see it happen since I saw them back in the 10k BTC for a pizza days, and lost hundreds of BTC to reformatting my laptop.

The crazy thing is that the fundamentals are no different from 2010 until now, it's the same shitcoin just now propped up by pure sentiment.

There is new software coming out that is supposed to make BTC transfers instant, and I think that is what is fueling the $10k+ push.

If the software isn't all it's promised, then expect a pretty stiff fall back down to $9k ish.

These coins are like CHIP 4L domain names, and we all know how that worked out.

Nobody knows, it's shocking for sure.

 

[Haris]

Related news -
Bitcoin: $64m in cryptocurrency stolen in 'sophisticated' hack, exchange says

https://www.theguardian.com/technol...en-hack-attack-marketplace-nicehash-passwords

 

[Hireinternet]

Will Hit $0.5M

 

[xynames]

Sorry but you sound like an old man in his rocking chair. Think young brother!


some vendors are not accepting anymore many more are accepting!

skyrocketing higher fee's my wallet's one of the originals, has almost no fees at all

closely held meaning, what? that only those who own it, have any? could say that about any stock too.

hackable or loss due to hardware failure that's the breaks, kid, lot of people lost their cash over the FDIC guarantee limit when banks failed too

zero underline value and the dollar, which is backed by no gold since 1971, is backed up by...1 trillion dollars in debt?

...risky bet if you ask me so is life! as Inspector Clouseau put it, The greater the odds...the greater the SHALL-AHNGE!

People are ignoring these "warnings" anyway, if anything - it makes them more willing to buy buy BUY!
https://www.namepros.com/threads/10...-crypto-currency.1052231/page-12#post-6468345

 

[Fancy.domains]

I am kind of jealous of all you who bought your bitcoins at the right time.

However, I would not be surprised if a crazy drop will occur pretty soon. It is not an uncommon phenomenon after spikes like this.

 

[GILSAN]

How would you vote?

 

[urlurl]

How would you vote?

i wonder how different it would be if asked if you would take $10k from your life savings, what would you do

also, why were stocks and other investments excluded from this survey, hmmm

 

[xynames]

Earlier today collected another couple hundred USD in 'coins, not worried about price fluctuations. Bring 'em!


Actually already up a few dollars even on those from today, lol.

 

[urlurl]

just keeping the public informed. I would hate to hear about that poor guy who lost his life savings, house and all his assets to bitcoin fad.

the only ones promoting it are the ones that have a vested interest in it. just saying.

 

[SirDrago]

Less than a 1000 people own 40% percent of Bitcoin.

SOURCE

 

[shorterwinters]

but that's the scary thing - its full of people chancing it with what little they have and can afford

endless stories of people getting mortgages to buy, liquidating their assets and taking all their life savings and making a crazy bet.

Very similar to whatt happened in the twenties leading up to the crash in 29. Frank down on the corner and Bob the farmer were getting into the stock market for the first time ever. Even Aunt Edna. It was never something for the everyday person until then. The mass public wasn't involved in it until the years leading up to 1929, kind of like now. Thinking about that, probably a good chance then that a small percentage of people owned 40 percent of the stocks.

 

[urlurl]

you are buying from another owner, they will be finite when all the rest of the coins are mined.

 

[teper]

Money laundering is definitely a serious issue for any crypto currency.
One can easily transmit bitcoins from one address to another and then the receiving party can with draw it as their local exchange. But yea here KYC will be important as most exchanges require KYC to be done for withdrawal.

 

[wwwweb]

I had no idea I had this bitcoin cash. But I do now!

Anyway though, I predict that btc will fly ahead and most of the alt coins will go down eventually. Not every alt coin is going to make it. Just the way things tend to work.

Just like in the stock market. Yes amzn and googl are damn expensive and too rich for most people’s blood. But everyone seems to pile on them anyway.

Industry leaders are where it’s at.

I actually do not think bitcoin will be the standard to send money, it is to slow, and fee heavy. Instead I believe with its 21M coin cap, it becomes more like gold in it’s current capacity. Other coins will fluctuate, but when they falter bitcoin will be that safety coin, that is a defensive play, this in itself should keep it strong, and help it rise, some of these other coins have pretty much what you can call infinite floats.

I believe from a transaction perspective litecoin works better.

 

[wwwweb]

At the moment: BTC pushing beyond records again, while the alternates are dipping.

shows money is flowing back to what is deemed safety.

 

[richface]

Topbtc.com saw one trade at 24K ..I am staying put in the game . Hopefully it reaches 1 Bitcoin =1 Million dollars then we can all retire

 

[Premiums]

i predict 50,000