joey_ragz's picture
joey_ragz
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Bitcoin

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For anyone that didn't already know Bitcoin will be doing a split as of July 31,2017. So half of the nodes will but running software that is not compatible with the current which will result in some nodes propagating confirmed results and that other won't recognize.

Basically, any btc received or sent after may get to its destination or it may not, and on the chance it does make it to the correct address it may disappear which means you lose money even when buying from atms or reliable sources.

This form of payment has become a big part of this community and when a source shared this with me I figured everyone should known if they didn't already. So spend them if you have them or put them in cold storage or on a flash drive or something else to keep your money safe.

https://bitcoin.org/en/alert/2017-07-12-potential-split

If for some reason I've posted this in a wrong area can a mod please either move it or notify me and I'll make the changes.

Greg's picture

Pale cashed out and bought a beach ...with a house on it. Due to the size of the sell from a US exchange, it created a bit of FUD in the other exchanges around the world and bitcoin dropped 18% or $1,000 to $9,200.

Thankfully the price rebounded to a more sane $10,000 price within a few hours.

Theophany's picture

Very nice and good for Pale brother Greg! I hope we recieve invitations to his island paradise :))

KMC's picture

bitcoin dropped 18% or $1,000 to $9,200.
Thankfully the price rebounded to a more sane $10,000 price within a few hours.

The more times the price crosses the $10,000 barrier, the less psychological effect/resistance it becomes.

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Greg's picture

True that, and it already soar passed 11k which now makes everything between here and there less shaky. Practically a given that it will get there again.

Pale's picture

I won't lie, today gave me a headache. High, highs and low enough lows. But in spite of the chaos I am still finishing higher tonight than I ended last night.

Trenpizza's picture

I'd say by the end of next year it will be worth 30 or 40k$ a share. It's going to be the new online currency to use for everything.

Pale's picture

I hope you are right but I am not convinced.

Greg's picture

$11,480

Pale's picture

10,000 has been breached. Where do we go?

Greg's picture

To the moon, infinity, and beyond... @ $10,389 now.

I'm not anticipating a 25% +/- retracement until January 10th sometime (Bringing the price down to bargain prices of $8,000). But this is is crazy.
Hopefully we'll just see a pullback to the upper $9,000 with a slower rise above 10K but we also have CME and others making their move in 3 weeks, so who knows.

I have to get used to 6 figures... Reminds me of a time I made a bid on my first big 5 figure contract. I was nervous as all hell. After a few more of those they didn't seem to be enough so I chased after the 6 figures.

So (wiping sweaty palms in the top of my thighs) I guess I need to get used to it all over again.

Pale's picture

You ain't lying. I have been trading stocks since 07 and this week my BTC eclipsed that account and now this morning I wake up with it at 10,800 and me another 10k richer . insanity

Greg's picture

$9,300 Monday will be interesting as will be the rest of the month. This is the month wall street jumps in, and the 10K mark is within reach plus you have christmas and the new year.

We'll probably see a continued run up with a pause at $9,500. I wouldn't doubt if there will be a lot of profit taking at 10k as people like pale ;-) have made pledges to "bale" when holdings get to X dollars (My wife said the same thing today) -No, the fun is just about to start. HODL.**

I also wouldn't put it past Bitcoin cash to try another pump attack on Bitcoin if we should see a 25% retracement as we've seen 3 times in the past few months.

** Hold on for dear life

Pale's picture

I said I was bailing at a certain large number which I crossed at 8800. Now we are at 9450. Logic, greed, wisdom and insanity are all swirling around in my head. I know what I should do, just don't know if I will.

Greg's picture

Same here, even if it was 50% cash out I can be relieved or pissed at I did.

Pale's picture

Be damned either way. The right thing to do is probably to cash out half.

Greg's picture

I'm not that bright... besides, doesn't really matter. I'm already a trillionaire... I bought a zimbabwean trillion dollar bill on ebay for 3 bucks so I can have bragging rights to that fact.

Pale's picture

LOL, i forgot. I guess we are back to just holding?

Greg's picture

I'm holding.

Pale's picture

Me too.

Pale's picture

The way it is running she might make 10k yet before morning.

Greg's picture

Coinbase opened 100,000 new accounts in 24 hours Thurs-Friday.

The current run up is said to have been sparked by conversations about bitcoin with family members over Thanksgiving dinner.

Karl JR's picture

Coinbase is doggy. I've used them twice, first time my transaction went smooth, then the second time they declined my card. Doesn't make any sense.

Greg's picture

apparently they think you are dodgy.

giardap's picture

Makes sense.

1174's picture

well played

In a promo × 1
giardap's picture

;-)

Greg's picture

...making it's move. $8,750 at the moment

Pale's picture

I am so close to where I said I was bailing. But I ain't bailing lol

Greg's picture

bitcoin can fall 85% and I'd still be ahead.... I'd be crying at the loss of my unclaimed riches, but still ahead.

Pale's picture

And that is what confounds those that are screaming bubble, cats are not interested in selling.

Pale's picture

You guys that bought Ether are happy and it looks like she is running for 500.

Greg's picture

Everything you ever wanted to know about bitcoin and more.

https://lopp.net/bitcoin.html

Pale's picture

I am probably going to need talking down off the edge soon bro lol

Pale's picture

Well boys it finally broke 8,000.00. Gonna be an interesting week.

Theophany's picture

Interesting indeed brother Pale! Also nice to see Ethereum make a solid move over the weekend after languishing for months! Wishing you the best always my friend!

Pale's picture

Yes Ether did!. Anyone who bought ether a few weeks ago is thrilled right now.

Greg's picture

and LTC as well

ETH up 13% for the week
LTC up 18% for the week
BTC up 25% for the week

Theophany's picture

"Thrilled"! Oh yes, and great choice of words!

Tom12's picture

Yes, it seems to me that the crypto currency will soon become an integral part of our life. I even plan to invest money in bitcoins. But is it really safe? Many sources write that the price of bitcoin will continue to grow (for example - https://bitcoinbestbuy.com/ ), but how can you be sure that this is so?

Pale's picture

Nothing is "safe", everything carries risk. If you can afford to invest just do it.

Tom12's picture

But I'm not the most determined person XD

KMC's picture

Sounds like you need to sit on the sidelines.

Owes a Review × 1
Tom12's picture

You think so?(

KMC's picture

Hang on to your hat's,......... it could be getting ready for a run at $10,000.

Full disclosure/disclaimer: I don't own any.

Owes a Review × 1
Pale's picture

I check it at least 100 times a day,lol. And for the record I am in

Pale's picture

We are back over 7k again, I think maybe we weathered the storm.

Pale's picture

I think I have whiplash,lol.

Greg's picture

check out the post date of these links BTC could have been (perhaps is still) under attack.

https://pastebin.com/n0aGBMQr
https://imgur.com/a/FcZIp

BFG's picture

Roger Ver moved his fuckton of BTC presumably to pump BCH...

Also, this is eye opening - Jihan WU

Greg's picture

Playing with billions of dollars and the dreams of millions who want to see BTC work... I wouldn't be surprised if someone told me there was a hitman or two looking for him.