1 BTC = €10,000

Beta Ray Bill · 05-12-2017 5:11pm #1

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.

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.

Kenny Logins · 05-12-2017 5:30pm

It's only €10k if you're buying.

discombobulate · 05-12-2017 5:35pm

Kenny Logins wrote: »

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

Kenny Logins · 05-12-2017 6:33pm

discombobulate wrote: »

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.

Selik · 05-12-2017 6:48pm

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 !

Kenny Logins · 05-12-2017 9:55pm

Now it's over €10k.

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

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

jobless · 06-12-2017 9:34am

this is incredible really.....

Wanderer78 · 06-12-2017 9:37am

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'!

machiavellianme · 06-12-2017 9:42am

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

Wanderer78 · 06-12-2017 9:53am

machiavellianme wrote:

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!

Beta Ray Bill · 06-12-2017 10:08am

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.

Wanderer78 · 06-12-2017 10:12am

grahambo wrote:

I got in at â‚¬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

Beta Ray Bill · 06-12-2017 10:24am

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

So I'll be hanging around...

Gets the burn cream ready...

Selik · 06-12-2017 10:25am

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 !

Wanderer78 · 06-12-2017 10:26am

grahambo wrote:

I need this to go to â‚¬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

jobless · 06-12-2017 10:41am

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....

ZeroThreat · 06-12-2017 11:34am

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.

ZeroThreat · 06-12-2017 11:34am

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

Wanderer78 · 06-12-2017 11:48am

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

Crypto Coin · 06-12-2017 12:39pm

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

Kenny Logins · 06-12-2017 12:53pm

Crypto Coin wrote: »

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.

Wanderer78 · 06-12-2017 12:58pm

Crypto Coin wrote: »

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!

Crypto Coin · 06-12-2017 1:17pm

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.

Wanderer78 · 06-12-2017 1:19pm

Crypto Coin wrote: »

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

GreeBo · 06-12-2017 1:31pm

Kenny Logins wrote: »

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.

Selik · 06-12-2017 1:56pm

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.

Wanderer78 · 06-12-2017 8:35pm

jim rickards take on all of this:

http://video.foxbusiness.com/v/5670007096001/?#sp=show-clips

Selik · 07-12-2017 1:57am

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

Zascar · 07-12-2017 9:32am

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

Kenny Logins · 07-12-2017 10:02am

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:

KilOit · 07-12-2017 10:06am

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

Selik · 07-12-2017 10:18am

KilOit wrote:

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

I know a couple and they've been bitcoin millionaires for a while now. Very difficult in a way as the natural urge tlt take profits must be continuously denied !

BearsyBoo · 07-12-2017 10:36am

I have one of the cassacius spelling error commemorative coins that were issued that,s fully loaded with 1 BTC and 1 bit coin cash. I know its worth more to sell the coin intact without cashing in the code for BTC but does anyone know where in Dublin I could sell it?

Dazzler0911 · 07-12-2017 11:22am

Am I mad in considering buying more at this big price? What are people's expectations on how high this can keep going? Is there a big drop/correction coming soon?

pro_gnostic_8 · 07-12-2017 11:24am

Yes, the price is truly extraordinary. I cannot comprehend it.
These are amazing times, and I think we are very lucky to have been given such an investment opportunity in our lifetime's. Our parents didn't get such a chance.

KilOit wrote: »

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

I would be one if I had not sold all my bitcoin when the price reached $100 in Sept 2013.

Munt1core · 07-12-2017 11:31am

i wish I had at least 1BTC

CIARAN_BOYLE · 07-12-2017 12:42pm

Dazzler0911 wrote: »

Am I mad in considering buying more at this big price? What are people's expectations on how high this can keep going? Is there a big drop/correction coming soon?

It's mad to buy now but surely there will be a dip where it's appropriate to enter the market.

sReq | uTeK · 07-12-2017 12:53pm

CIARAN_BOYLE wrote: »

It's mad to buy now but surely there will be a dip where it's appropriate to enter the market.

Surely, but like me when I thought the same at 3k-5k-7k and eventually said **** it at 9k.

Will you be saying, ****....15k looked pretty nice when its 40k?

I don't know where this will end, but with Wall Street coming into the game and the opportunity to short the market there will be interesting times ahead.

KilOit · 07-12-2017 12:58pm

pro_gnostic_8 wrote: »

I would be one if I had not sold all my bitcoin when the price reached $100 in Sept 2013.

That's what I mean. I first heard of Bitcoin when it was 20-40$ but I had no intentions of buying since I figured it was worthless and even If I did I would of sold a long time ago for a couple of hundred, maybe kept a few but I think the fud would of got to me eventually and sold the rest.
Very few would sit on hundreds through all the dips and bad press, if you have hundreds of Bitcoin now it's probably because you lost the private key or fell into a coma past 5 years and are only waking now

CIARAN_BOYLE · 07-12-2017 12:58pm

sReq | uTeK wrote: »

Surely, but like me when I thought the same at 3k-5k-7k and eventually said **** it at 9k.

Will you be saying, ****....15k looked pretty nice when its 40k?

I don't know where this will end, but with Wall Street coming into the game and the opportunity to short the market there will be interesting times ahead.

True maybe I will be saying something like that.

canonball5 · 07-12-2017 1:05pm

sReq | uTeK wrote: »

Surely, but like me when I thought the same at 3k-5k-7k and eventually said **** it at 9k.

Will you be saying, ****....15k looked pretty nice when its 40k?

I don't know where this will end, but with Wall Street coming into the game and the opportunity to short the market there will be interesting times ahead.

This is exactly the point, spot on. Getting in at 15k, if or when it hits 100k will look like a very smart investment. Listening more and more to the likes of Richard Branson and Bill Gates speaking about cryptocurrency, this clearly isn't going away.

Only invest what you can afford to lose of course, but come the 18th I can see it kicking on even more.

sReq | uTeK · 07-12-2017 1:07pm

CIARAN_BOYLE wrote: »

True maybe I will be saying something like that.

Jaysus. Don't take me the wrong way. I have a very MODEST investment, my plan was to add in €500 per month instead of sticking it into a bank, that was at €9k but with the increase daily €500 a month....well It almost seems futile.

I'd love to see an unholy downturn, if only so I could invest properly.

You could also be sat here in a month if it tanks saying "what a bullet I dodged"

Who knows eh, volatility is the name of the game. But one thing is fore sure, 2018 was a good year for bitcoin irregardless of its outcome, its made a lot of people some serious money.

jobless · 07-12-2017 1:15pm

sReq | uTeK wrote: »

Jaysus. Don't take me the wrong way. I have a very MODEST investment, my plan was to add in €500 per month instead of sticking it into a bank, that was at €9k but with the increase daily €500 a month....well It almost seems futile.

I'd love to see an unholy downturn, if only so I could invest properly.

You could also be sat here in a month if it tanks saying "what a bullet I dodged"

Who knows eh, volatility is the name of the game. But one thing is fore sure, 2018 was a good year for bitcoin irregardless of its outcome, its made a lot of people some serious money.

problem is when there is an unholy downturn people then become scared to invest

sReq | uTeK · 07-12-2017 1:17pm

jobless wrote: »

problem is when there is an unholy downturn people then become scared to invest

God I'm praying for a downturn.

Made a nice profit on IOTA when it went from 0.90 to 5.50 so got out quickly on bitfinex and put BTC into GDAX again.

I think IOTA will be a great coin (better tech than bitcoin), just not right now. Bitcoin seems to have the momentum above all else.

jobless · 07-12-2017 1:22pm

sReq | uTeK wrote: »

God I'm praying for a downturn.

Made a nice profit on IOTA when it went from 0.90 to 5.50 so got out quickly on bitfinex and put BTC into GDAX again.

I think IOTA will be a great coin (better tech than bitcoin), just not right now. Bitcoin seems to have the momentum above all else.

would you buy if it dropped 80/90 percent.... it would take balls

CIARAN_BOYLE · 07-12-2017 1:29pm

jobless wrote: »

would you buy if it dropped 80/90 percent.... it would take balls

To be honest I'm writing splitting the current value of Bitcoin as US$4,000 underlying transactional value and demand and US$11,000 hype and bubble.

Whether a 90% drop would see me go all in or walk away would depend on if insane the transactional value and demand for a store of wealth still existing.

Ponster · 07-12-2017 2:51pm

KilOit wrote: »

Very few would sit on hundreds through all the dips and bad press, if you have hundreds of Bitcoin now it's probably because you lost the private key or fell into a coma past 5 years and are only waking now

I mined Bitcoin back in 2009 on and off. I couldn't use the PC at home 'cos we lived in a small flat and the noise from the fans was terrible. So I installed the miner on HP servers that we had at work that had multiple CPUs. When the lad bought a pizza in 2010 with 10,000 coins and I realised that I only had managed to find 15 BTC, not enough to buy a bag of chips, I packed it all in. The hard-drives were hot-swappable so they would have been recycled for other servers/projects.
All this to say that yes, if I had managed to hang on to there there is no chance that I would be still sitting on them watching the value up; I'd have cashed out a long time ago I think.

1 BTC = €10,000

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