Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on [email protected] for help. Thanks :)
Private profiles - please note that profiles marked as private will soon be public. This will facilitate moderation so mods can view users' warning histories. All of your posts across the site will appear on your profile page (including PI, RI). Groups posts will remain private except to users who have access to the same Groups as you. Thread here
Some important site news, please read here. Thanks!

1 BTC = €10,000

  • 05-12-2017 4:11pm
    #1
    Registered Users Posts: 2,813 ✭✭✭ Beta Ray Bill


    Still in Awe of the gains BTC is making

    It hit €10k on Sunday but dropped drastically as soon as it did. (everyone sold)

    But it now seems to be holding around the €10k mark now.

    435334.jpg

    I've been doing a good bit of reading on the subject. Some "speculators" are saying it could hit €100,000 within 5 years... I'm skeptical but also hopeful

    I invested €3,300 only a couple of months ago, If I cashed out now it'd be the best investment I ever made.

    Anyway... this is me right now:



    H/T to reddit for vid.


«1

Comments

  • Registered Users Posts: 9,062 ✭✭✭ Kenny Logins


    It's only €10k if you're buying. ;)


  • Registered Users Posts: 2,846 ✭✭✭ discombobulate


    It's only €10k if you're buying. ;)
    Very true. Price is still under 10k. Knocking on the door but hasn't got there yet


  • Registered Users Posts: 9,062 ✭✭✭ Kenny Logins


    Very true. Price is still under 10k. Knocking on the door but hasn't got there yet

    2017 may be remembered as the last chance to buy 1 Bitcoin for less than €10k. :D


  • Registered Users Posts: 1,678 ✭✭✭ Selik


    I don't think it's officially hit 10k eur although very close. Coinbase prices are always higher than the other exchanges for some reason - maybe to account for their fees I'm not sure. 10k EUR isn't nearly at significant as 10k USD (all btc liquidity is in dollars) in the greater scheme of things but I appreciate that it's still a significant milestone to many on here !


  • Registered Users Posts: 9,062 ✭✭✭ Kenny Logins


    Now it's over €10k. :D

    My price tracking/chart widget has gone insane and won't stop dinging. :pac:

    https://www.gdax.com/trade/BTC-EUR


  • Advertisement
  • Registered Users Posts: 2,181 ✭✭✭ jobless


    this is incredible really.....


  • Registered Users Posts: 26,228 ✭✭✭✭ Wanderer78


    jobless wrote:
    this is incredible really.....


    Not really, there will be tears and panic when it eventually collapses, or maybe it 'll experience a 'soft landing'!


  • Registered Users Posts: 10,651 ✭✭✭✭ machiavellianme


    Or maybe it won't collapse and all the naysayers will be unbearably jealous in the years to come.


  • Registered Users Posts: 26,228 ✭✭✭✭ Wanderer78


    Or maybe it won't collapse and all the naysayers will be unbearably jealous in the years to come.


    Already jealous, oh wait! Lads, it's clearly obvious this is a bubble, and is currently an unusable currency due to its volatility. I do agree with those that say block chain has great potential, but bitcoin currently does not. You 're basically involved in a casino currency, buyer be aware! Be prepared to lose what you have invested!


  • Registered Users Posts: 2,813 ✭✭✭ Beta Ray Bill


    Wanderer78 wrote: »
    Already jealous, oh wait! Lads, it's clearly obvious this is a bubble, and is currently an unusable currency due to its volatility. I do agree with those that say block chain has great potential, but bitcoin currently does not. You 're basically involved in a casino currency, buyer be aware! Be prepared to lose what you have invested!

    Absolutely

    I got in at €3,3000.
    I said "I'm going to take a gamble on this"

    I think so long as criminals and launders are using the currency it will be propped up.


  • Advertisement
  • Registered Users Posts: 26,228 ✭✭✭✭ Wanderer78


    grahambo wrote:
    I got in at €3,3000. I said "I'm going to take a gamble on this"


    Fair play to you, and best of luck with it, but I wouldn't be hanging around for too long, you 've done well so far. Unfortunately some are gonna get badly burned with this one


  • Registered Users Posts: 2,813 ✭✭✭ Beta Ray Bill


    Wanderer78 wrote: »
    Fair play to you, and best of luck with it, but I wouldn't be hanging around for too long, you 've done well so far. Unfortunately some are gonna get badly burned with this one


    I need this to go to €100,000 to get out of a difficult situation I'm currently in! :D:D:D

    So I'll be hanging around...






    Gets the burn cream ready...


  • Registered Users Posts: 1,678 ✭✭✭ Selik


    It's definitely a bubble and not the last one. Look at the similarities between 2017 and 2013. We are now at the same level (X 10) when it crashed and burned back into low hundreds. If similar happens again we could be going back to 3-5k USD with the next massive run towards 100k in the next few years. Still loving it and holding/trading coins !


  • Registered Users Posts: 26,228 ✭✭✭✭ Wanderer78


    grahambo wrote:
    I need this to go to €100,000 to get out of a difficult situation I'm currently in!


    Well Max Kaiser believes that's where it might end up, so who knows


  • Registered Users Posts: 2,181 ✭✭✭ jobless


    Wanderer78 wrote: »
    Already jealous, oh wait! Lads, it's clearly obvious this is a bubble, and is currently an unusable currency due to its volatility. I do agree with those that say block chain has great potential, but bitcoin currently does not. You 're basically involved in a casino currency, buyer be aware! Be prepared to lose what you have invested!

    its not being used as currency though.....its current worth is a store of value....currency will come in time with enhancements....

    sure there will be crashes but who knows when thats gonna happen.... could be 50k back to 10k... or 12 back to 1....


  • Registered Users Posts: 2,072 ✭✭✭ ZeroThreat


    Wanderer78 wrote: »
    Well Max Kaiser believes that's where it might end up, so who knows

    Tbh Max Keiser is about as balanced on economic issues as Vincent Browne is doing a political interview.


  • Registered Users Posts: 2,072 ✭✭✭ ZeroThreat


    jobless wrote: »
    its not being used as currency though.....its current worth is a store of value....currency will come in time with enhancements....

    sure there will be crashes but who knows when thats gonna happen.... could be 50k back to 10k... or 12 back to 1....

    Definitely cashing out if it hit 50k


  • Registered Users Posts: 26,228 ✭✭✭✭ Wanderer78


    ZeroThreat wrote: »
    Tbh Max Keiser is about as balanced on economic issues as Vincent Browne is doing a political interview.

    i actually think keiser is very funny


  • Banned (with Prison Access) Posts: 22 ✭✭✭ Crypto Coin


    Is there potential for this to hit 1 million dollars per bitcoin?


  • Registered Users Posts: 9,062 ✭✭✭ Kenny Logins


    Is there potential for this to hit 1 million dollars per bitcoin?

    Assuming 18m coins in circulation at the time, that would make the market cap $18 trillion - close to the entire US debt.

    http://demonocracy.info/infographics/usa/us_debt/us_debt.html

    All of the gold in the world is worth about $7.7 trillion.


  • Advertisement
  • Registered Users Posts: 26,228 ✭✭✭✭ Wanderer78


    Is there potential for this to hit 1 million dollars per bitcoin?

    sorry but i think you re very deluded with all these figures, we ve no idea where this thing is going, and i thought keisers prediction of 100,000 a coin was deluded!


  • Banned (with Prison Access) Posts: 22 ✭✭✭ Crypto Coin


    Wanderer78 wrote: »
    sorry but i think you re very deluded with all these figures, we ve no idea where this thing is going, and i thought keisers prediction of 100,000 a coin was deluded!

    I asked a question, I didn't state an opinion.


  • Registered Users Posts: 26,228 ✭✭✭✭ Wanderer78


    I asked a question, I didn't state an opinion.

    joys of dyslexia, misunderstanding text, apologies

    you could actually be right of course, but i seriously doubt it. its a very risky venture right now


  • Registered Users Posts: 25,605 ✭✭✭✭ GreeBo


    Assuming 18m coins in circulation at the time, that would make the market cap $18 trillion - close to the entire US debt.

    http://demonocracy.info/infographics/usa/us_debt/us_debt.html

    All of the gold in the world is worth about $7.7 trillion.

    Yeah, its value has to track or be backed by something, it cant just climb forever as why would it?

    I think think once we start to see the futures market kick in and we are dealing with huge investors who stand to make money when the prices of crypto drop, we will have a better idea of a realistic market cap/value.

    It could stabilize the price or it could disrupt the whole market.


  • Registered Users Posts: 1,678 ✭✭✭ Selik


    I don't think 100k USD is deluded and certainly no more than 12k USD would have seemed deluded exactly 1 year ago. 100k in 3 years could easily happen if growth and adoption rates among users stay in line with the increasing price as they have so far. However a sharp correction may have to happen first but at what level yet remains to be seen.

    The fixation with the price of 1 bitcoin will subside eventually as it becomes less relevant. Alot of it is psychological anyway. Pricing may move to mBTC (1/1000 of a bitcoin) and eventually Satoshi. Bitcoinity (chart) actually prices in mBTC by default and has for a few years now.


  • Registered Users Posts: 26,228 ✭✭✭✭ Wanderer78




  • Registered Users Posts: 1,678 ✭✭✭ Selik


    14k USD now - no stopping this train at the moment!


  • Moderators, Motoring & Transport Moderators, Music Moderators Posts: 12,764 Mod ✭✭✭✭ Zascar


    Looking like it will be 15k in a matter of hours. This is amazing


  • Registered Users Posts: 9,062 ✭✭✭ Kenny Logins


    Zascar wrote: »
    Looking like it will be 15k in a matter of hours. This is amazing

    Any minute now!

    It's a bit scary too. I look at the 1yr and 2yr graphs and expect the line to go past vertical and fall back on itself. :pac:


  • Advertisement
  • Registered Users Posts: 2,875 ✭✭✭ KilOit


    Has to be some millionaires here now. I know most sell BTC when it spikes and the chances of still having BTC from when it was 1$ is rare due to panic selling and mt gox etc but has to be a few here


Advertisement