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Bitcoin breaks $5,000 mark

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Comments

  • #32
    machiavellianme
    Registered Users, Registered Users 2, Paid Member Posts: 13,991 ✭✭✭✭machiavellianme


    Might hit 5000 euro in the next few hours. Incredible

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  • #33
    djan
    Registered Users, Registered Users 2 Posts: 1,999 ✭✭✭djan


    Hmmm kraken extreme traffic and Bitcoin a sudden drop from 4850 to 4650 in a matter of seconds? Where shall it go this time :D


  • #34
    pro_gnostic_8
    Registered Users, Registered Users 2 Posts: 1,223 ✭✭✭pro_gnostic_8


    Most probably a Whale taking profit. Don't be panicked into selling at a loss.
    It's a correction -- just a dip before the next push upwards. :)


  • #35
    ZeroThreat
    Registered Users, Registered Users 2 Posts: 2,322 ✭✭✭ZeroThreat


    pro_gnostic_8 wrote: »
    Most probably a Whale taking profit. Don't be panicked into selling at a loss.
    It's a correction -- just a dip before the next push upwards. :)

    JP Morgan who bought it at the $3,000 low a month ago (15th Sept if I recall) taking their profits & running? ;)


  • #36
    Selik
    Registered Users, Registered Users 2 Posts: 1,678 ✭✭✭Selik


    Just hit 6k!


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  • #37
    howamidifferent
    Registered Users, Registered Users 2 Posts: 1,819 ✭✭✭howamidifferent


    Selik wrote:
    Just hit 6k!


    To the mooooooooooonnnnnn!!!


  • #38
    breadmond
    Registered Users, Registered Users 2 Posts: 205 ✭✭breadmond


    Am I right in thinking that all this recent growth is speculation led? I honestly can't see where people are spending bitcoin apart from buying things they shouldn't on the dark web.


  • #39
    Elessar
    Registered Users, Registered Users 2 Posts: 5,260 ✭✭✭Elessar


    I would think so, at least some of it. Bitcoin is one of the most volatile "investments" you can buy. Having said that, I don't really believe it is popular because people can spend it in a few places. It seems to be seen more as a store of value, this generations gold if you will. It could all crash and burn of course, but I really do think that over the next decade this will become a serious investment product and its price will increase hugely (after more than one price crash to get there).

    The only real threat to it at the moment, as far as I can see, is the possibility of endless forks that could devalue it entirely, or a better coin comes along.


  • #40
    Thargor
    Registered Users, Registered Users 2 Posts: 18,274 ✭✭✭✭Thargor


    $7000 probably locked in now!


  • #41
    The One Doctor
    Registered Users, Registered Users 2 Posts: 2,322 ✭✭✭The One Doctor


    From a newbie investor with €2k to put in, it it worth investing in BTC? I know it's a small amount of money, but it's all I can afford to lose, i.e, it wouldn't harm me to lose €2k.


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  • #42
    pro_gnostic_8
    Registered Users, Registered Users 2 Posts: 1,223 ✭✭✭pro_gnostic_8


    howamidifferent wrote: »
    To the mooooooooooonnnnnn!!!
    According to Kraken Exchange just now, it has ! :D

    We know the price has risen sharply ............... but risen to 1 Billion dollars ???

    LOLOLOL

    Kraken_zpsbejjrjgh.png


  • #43
    cnocbui
    Registered Users, Registered Users 2 Posts: 21,331 ✭✭✭✭cnocbui


    pro_gnostic_8 wrote: »
    According to Kraken Exchange just now, it has ! :D

    We know the price has risen sharply ............... but risen to 1 Billion dollars ???

    LOLOLOL

    Kraken_zpsbejjrjgh.png

    Meh, it's now €27 Trillion. Suffice it to say, I am emigrating before cashing in and then I'm buying New Zealand.
    Bitcoin_Baby.jpg


  • #44
    cnocbui
    Registered Users, Registered Users 2 Posts: 21,331 ✭✭✭✭cnocbui


    The One Doctor wrote: »
    From a newbie investor with €2k to put in, it it worth investing in BTC? I know it's a small amount of money, but it's all I can afford to lose, i.e, it wouldn't harm me to lose €2k.

    I think definitely!

    CNBC did a poll and out of over 27,000 people who voted, 49% chose the above $10 K option: https://www.cnbc.com/2017/10/20/bitcoin-price-is-heading-to-10000-cnbc-survey-says.html

    This chart never fails to impress me:

    Bitcoin_wallets.jpg


  • #45
    dextadave
    Registered Users, Registered Users 2 Posts: 23 ✭dextadave


    wicked to see so many people in Ireland into crypto, dont know why i never though of jumping on here for a chat


  • #46
    pro_gnostic_8
    Registered Users, Registered Users 2 Posts: 1,223 ✭✭✭pro_gnostic_8


    cnocbui wrote: »
    Meh, it's now €27 Trillion. Suffice it to say, I am emigrating before cashing in and then I'm buying New Zealand.
    Noooooooo. Don't Do It !

    Hodl.


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