Bitcoin Price Thread

Cuddles · Dec 22, 2017

SteveM said:
Make a mental note of what you've seen every time Bitcoin price crashes - you ARE NOT ALLOWED to sell on Coinbase...they just shut the "exchange" down and cross their fingers that the buying will resume so they can open back up.

One time occurrence is excusable, two - maybe...but this is at least the 4th time this has happened at Coinbase on big down days. I would not trust them at all at this point.

And just to add a conspiracy aspect to all this, if I had to guess I bet they do not have the cash on handle to fill all the sell orders and that is why they pull the plug on big down days, hoping that price recovers so they can open back up. 1929-bank run-level scary.
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I haven't paid attention in the previous down turns but am hearing of it this time. FWIW, they have similar issues in bull rallies.

johnarb · Dec 22, 2017

The January effect will push Bitcoin over $20,000 as many funds try to get in. Buy now or short, your call.

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Cuddles · Dec 22, 2017

johnarb said:
The January effect will push Bitcoin over $20,000 as many funds try to get in. Buy now or short, your call.

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Buy, buy, buy

Pekelo · Dec 22, 2017

Pekelo said:
We are going to hit 14K today...
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Thank you, thank you. That was my 4th fulfilled prediction in this thread in 4 days. I think I am done now...

algofy · Dec 22, 2017

BTFD

Overnight · Dec 22, 2017

Pekelo said:
Thank you, thank you. That was my 4th fulfilled prediction in this thread in 4 days. I think I am done now...
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If you can get cash-settled cheese futures right, you get a star-shaped cookie.

S2007S · Dec 22, 2017

Heard they are releasing 6 new Bitcoin ETFs of which 3 are going to be short ETFs, don't mind if I do
Hopefully Bitcoin surges to 25k + and has a nice 50% collapse that would be pretty ....

Cuddles · Dec 22, 2017

S2007S said:
Heard they are releasing 6 new Bitcoin ETFs of which 3 are going to be short ETFs, don't mind if I do
Hopefully Bitcoin surges to 25k + and has a nice 50% collapse that would be pretty ....
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Yes, read that earlier today. Do you recall launch date?

Sprout · Dec 22, 2017

A lot of volume will not be returning.

Asia's largest economies are increasingly uneasy with the rise of bitcoin - CNBC https://apple.news/A6epetEX6SKC7wQd4_J3L7A

sss12 · Dec 22, 2017

johnarb said:
The January effect will push Bitcoin over $20,000 as many funds try to get in. Buy now or short, your call.

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A lot of "The January" effect comes from pre existing allocation plans. Not sure BTC is under that umbrella.

Also, I think many investors (me included) are looking at ways to play the block chain tecnology/infrastructure as opposed to a individual "currency". In last nights/today's bloodbath a number of these companies held up quite well.