Bitcoin....who's gotten into it?

[stalefish3169]

The chairman of the CFTC, ladies and gentlemen.

🐂🐂🐂🐂🐂

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[skaredshtles]

The chairman of the CFTC, ladies and gentlemen.



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"Speaking" incoherently from where I'm sitting.

[skaredshtles]

Good to see the retardation continuing...

[splat]

With everyone saying the sky will fall soon, I'm surprised to see that drop.

[stalefish3169]

With everyone saying the sky will fall soon, I'm surprised to see that drop.

I'm not sure everyone is saying the sky is falling. Market took a shit today because of Binanace exchange hack scare which seems like a non-issue now and SEC announcement that they want to regulate ICOs as securities. Ghost of Mt Gox making some news too. Smart money still long-term bullish.

https://www.cnbc.com/2018/03/06/earl...es-to-pay.html

One of the earliest investors in the internet expects that bitcoin and other cryptocurrencies will be the primary means of payment in five years.

"In five years you're going to walk in and try to pay fiat [a government-backed currency like the U.S. dollar] for a Starbucks coffee, and the barista is going to laugh at you, because they're going to say, 'What is this? Are you counting out pennies? Give me shells?' venture capitalist Tim Draper said Tuesday on CNBC's "Fast Money."

"They're not going to use fiat. Five years from now, none us of will be," Draper said. "Because all of this engineering effort, all that excitement, this focus is really on bitcoin and all of the cryptos around it. And I think that's what we're all going to be using and paying with."

Starbucks' Executive Chairman Howard Schultz has hinted in the last two months about how the company may use the blockchain technology behind cryptocurrencies for a consumer payments application.

"I think blockchain technology is probably the rails in which an integrated app at Starbucks will be sitting on top of," Schultz said last week on Fox Business, echoing remarks from a January conference call.

Draper has invested in Skype and Tesla, and is a founding partner of leading venture capital firms Draper Associates and DFJ. He bought nearly 30,000 bitcoins in a 2014 U.S. Marshals Service auction. He told CNBC in December he was still holding all those coins. If that is still the case, Draper's holding is worth $322.5 million at Tuesday's bitcoin prices.

"This is the most excited I've ever been as an investor, and I was right there at the beginning of the internet," Draper said Tuesday.

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[skaredshtles]

<snip>
"In five years you're going to walk in and try to pay fiat [a government-backed currency like the U.S. dollar]

Did he try to make a case for crypto NOT being fiat? I didn't think so...

[skaredshtles]

<snip>If that is still the case, Draper's holding is worth $322.5 million at Tuesday's bitcoin prices.

Aaaaaaaaaand by Wednesday, those 30K bitcoins were worth $3.50.

[summit]

I'm not sure everyone is saying the sky is falling. Market took a shit today because of Binanace exchange hack scare which seems like a non-issue now and SEC announcement that they want to regulate ICOs as securities. Ghost of Mt Gox making some news too. Smart money still long-term bullish.

https://www.cnbc.com/2018/03/06/earl...es-to-pay.html

One of the earliest investors in the internet expects that bitcoin and other cryptocurrencies will be the primary means of payment in five years.

"In five years you're going to walk in and try to pay fiat [a government-backed currency like the U.S. dollar] for a Starbucks coffee, and the barista is going to laugh at you, because they're going to say, 'What is this? Are you counting out pennies? Give me shells?' venture capitalist Tim Draper said Tuesday on CNBC's "Fast Money."

"They're not going to use fiat. Five years from now, none us of will be," Draper said. "Because all of this engineering effort, all that excitement, this focus is really on bitcoin and all of the cryptos around it. And I think that's what we're all going to be using and paying with."

Starbucks' Executive Chairman Howard Schultz has hinted in the last two months about how the company may use the blockchain technology behind cryptocurrencies for a consumer payments application.

"I think blockchain technology is probably the rails in which an integrated app at Starbucks will be sitting on top of," Schultz said last week on Fox Business, echoing remarks from a January conference call.

Draper has invested in Skype and Tesla, and is a founding partner of leading venture capital firms Draper Associates and DFJ. He bought nearly 30,000 bitcoins in a 2014 U.S. Marshals Service auction. He told CNBC in December he was still holding all those coins. If that is still the case, Draper's holding is worth $322.5 million at Tuesday's bitcoin prices.

"This is the most excited I've ever been as an investor, and I was right there at the beginning of the internet," Draper said Tuesday.

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Mid 8000s

Just more "normal volatility"

[stalefish3169]

Mid 8000s

Just more "normal volatility"

Remember last month when you came here to post about the crash? BTC is up 9% in the last 30 days. Try again.

[summit]

Just more "normal volatility"

[skaredshtles]

Remember last month when you came here to post about the crash? BTC is up 9% in the last 30 days. Try again.

I can appreciate your optimism.

[ICantLogIn]

Just more "normal volatility"

Do you trade in the 1 min time frame?

[old goat]

Met a guy the other day who quit his job managing a grow and started trading crypto currencies as a full time job.
Hope he has a plan B but I'm pretty sure he doesn't.

[skaredshtles]

Met a guy the other day who quit his job managing a grow and started trading crypto currencies as a full time job.
Hope he has a plan B but I'm pretty sure he doesn't.

Hopefully his Plan-B is to go back to growing.

[splat]

Grow values are plummeting at approximately the same rate as bitcoin.

[stalefish3169]

Grow values are plummeting at approximately the same rate as bitcoin.

This one's for you.

https://www.nezly.com/

***Not investment advice

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[4matic]

BTC quietly working on its 6th down day in a row. December 21 was the last time there were six consecutive down days and that was a reversal day with a 30% trading range. With that in mind I'd expect significant volatility one way or another soon. Range: $6-$12k.

[PNWbrit]

[stalefish3169]

Just saw on Facebook: Points North Heli now excepting Bitcoin!

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[skaredshtles]

At least today's decline was a nice, steady drop instead of the usual cliff-fall...

[Whiteroom_Guardian]

::::keeps hodling::::

[Bunion 2020]

Just saw on Facebook: Points North Heli now excepting Bitcoin!

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Does that mean they will take any sort of tender "except" Bitcoin? Asking for a friend.

[stalefish3169]

Does that mean they will take any sort of tender "except" Bitcoin? Asking for a friend.

I dunno. Maybe PM Quinner.

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[4matic]

At least today's decline was a nice, steady drop instead of the usual cliff-fall...

Classic bear market action. Grinding lower from lack of interest.

[Skidog]

This thread goes oddly quiet when Bitcoin falls. Boy quite a drop last few days. I mean totally seems like it could be a stable "currency". #keepdreaming

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