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 Post subject: Re: Bitcoin
PostPosted: Thu Dec 07, 2017 11:45 am 
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Open Window wrote:
It was $15,60.10 around 9am... now, $15,409.10

Who or what is pumping this? :D


North Korea? :D


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 Post subject: Re: Bitcoin
PostPosted: Thu Dec 07, 2017 11:50 am 
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bubbletrouble wrote:
Open Window wrote:
It was $15,60.10 around 9am... now, $15,409.10

Who or what is pumping this? :D


North Korea? :D


AI ? Maybe it can pump itself nay, self-pump! :x

Forgot ot mention, Bitcoin has put on about 57Bn in Market cap since around 9pm GMT yesterday, i.e. it's gone from 198Bn to 257Bn in one sleep. :nin

To my eye it seems analogous to a very specific biological process we are all participants before the fall so to speak. However I don't have the data exactly to hand to compare.

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 Post subject: Re: Bitcoin
PostPosted: Thu Dec 07, 2017 12:29 pm 
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We are in pure tulip territory now.

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 Post subject: Re: Bitcoin
PostPosted: Thu Dec 07, 2017 1:51 pm 
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Terra Incognita wrote:
We are in pure tulip territory now.


Again? :wink:

May I direct you to this insight currently being updated.

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 Post subject: Re: Bitcoin
PostPosted: Thu Dec 07, 2017 2:53 pm 
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How are my Dogecoin holding up ?


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 Post subject: Re: Bitcoin
PostPosted: Thu Dec 07, 2017 4:37 pm 
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$16,158.70

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 Post subject: Re: Bitcoin
PostPosted: Thu Dec 07, 2017 4:52 pm 
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Open Window wrote:
$16,158.70
Either digital currency or traditional currency is going to IMPLODE!


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 Post subject: Re: Bitcoin
PostPosted: Thu Dec 07, 2017 5:19 pm 
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$16,753.30

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 Post subject: Re: Bitcoin
PostPosted: Thu Dec 07, 2017 5:21 pm 
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Salamander wrote:
Open Window wrote:
$16,158.70
Either digital currency or traditional currency is going to IMPLODE!


But when? :)

The market Cap since around 9pm yesterday has grown over 80 Billin' perhaps we'll make 100 Billin' before the day is out? :nin

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 Post subject: Re: Bitcoin
PostPosted: Thu Dec 07, 2017 5:22 pm 
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This is hyperbolic activity.
Practically guarantees a collapse.


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 Post subject: Re: Bitcoin
PostPosted: Thu Dec 07, 2017 5:32 pm 
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mr_anderson wrote:
This is hyperbolic activity.
Practically guarantees a collapse.


You might have said it looked hyperbolic end of August... :o

3 more days to futures trading opening in the US.

I'd say everyone is frenzied around that as a milestone/target right now pumpers and soon to be dumpers. Something like that happened at the 5K mark to realise gains.

One aspect of this is the volume of new millionaires and billionaires it's creating and distriubting globaly, in places probably not typical of such trading means. It's re-distrubted wealth beyond the typical urban centre concentrations and that is going to have a interesting effect because those in a less developed economies with a 10K, 50K or 100K+ gains will be relatively minted compared if they were commuter or flat sharing in Dublin.

Cliff high referenced this aspect in relation to communities in the philippines who had followed his reports/advice and had managed to generate a tidy return for the community thus far. I think he's done very well out of it too.

Technologically enabled market driven wealth redistribution until... it's like hyper-proto-socio-capitalism or something, until we hit reverse that is. :nin

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 Post subject: Re: Bitcoin
PostPosted: Thu Dec 07, 2017 5:34 pm 
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$16,923.80

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 Post subject: Re: Bitcoin
PostPosted: Thu Dec 07, 2017 5:44 pm 
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I imagine that there are Bitcoin-based funds investing in Bitcoin and probably forming causing some of the frenzy.

How easy is it to cash out of Bitcoin into more normal currencies for instance if you had a Bitcoin holding nominally worth €100k+?


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 Post subject: Re: Bitcoin
PostPosted: Thu Dec 07, 2017 5:49 pm 
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Also saw some guy on LinkedIn looking to drum up investment in a soon to be launched crypto called TechCoin which on examination bears all the hallmarks of a scam.


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 Post subject: Re: Bitcoin
PostPosted: Thu Dec 07, 2017 6:05 pm 
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onioneater wrote:
I imagine that there are Bitcoin-based funds investing in Bitcoin and probably forming causing some of the frenzy.

How easy is it to cash out of Bitcoin into more normal currencies for instance if you had a Bitcoin holding nominally worth €100k+?


I'd say the exchanges are soon to be tested going by anecdotal reports today as to outages.

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