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Re: €100 of Bitcoin in 2010 = €70m today

Posted: Wed Jun 26, 2019 1:09 am
by goeagles
BTC dominance over 60% for the first time since 2017.

Re: €100 of Bitcoin in 2010 = €70m today

Posted: Wed Jun 26, 2019 1:39 am
by sorCrer
goeagles wrote:BTC dominance over 60% for the first time since 2017.
Looking very bullish. I reckon it will test 12k shortly.

Re: €100 of Bitcoin in 2010 = €70m today

Posted: Wed Jun 26, 2019 1:49 am
by massive_field_goal
Again, no hype at all in media etc compared to last time. Nothing fundamental to drive the price. Alt coins not following BTC this time - it all screams manipulation.

Bitcoin is being destroyed and all the HODLers are having a party.

Re: €100 of Bitcoin in 2010 = €70m today

Posted: Wed Jun 26, 2019 2:56 am
by goeagles
massive_field_goal wrote:Again, no hype at all in media etc compared to last time. Nothing fundamental to drive the price. Alt coins not following BTC this time - it all screams manipulation.

Bitcoin is being destroyed and all the HODLers are having a party.
Media hype might drive retail investors but this is almost certainly coming from institutional investors. The fundamentals are as strong as ever. Highest hash rate ever, better fiat on/off ramps, better custodial solutions than ever, general legitimization of the industry via Facebook/JPM/etc. Nothing about Bitcoin is being destroyed. It grows stronger every day and the need for it becomes more apparent as we hear more and more from central banks talking about crazy wealth destroying policies.

Re: €100 of Bitcoin in 2010 = €70m today

Posted: Wed Jun 26, 2019 6:08 am
by kiwinoz
Its strange that BTC will pull all down but necessarily doesn't pull them up. Alts to jump soon I think but there is heavy manipulation taking place ie 100% of LTC trading by volume. This is throwing timing etc out a bit eg my $135 LTC prediction from $90 took a bit longer than I suggested.

Re: €100 of Bitcoin in 2010 = €70m today

Posted: Wed Jun 26, 2019 6:22 am
by massive_field_goal
The way I see it, the folk doing the manipulatin' have been given a carte blanche from the courts with about 1 month left, so they are extracting as much fiat (for lack of a better term) out of the system before it all goes tits up.

Re: €100 of Bitcoin in 2010 = €70m today

Posted: Wed Jun 26, 2019 6:43 am
by kiwinoz
That may be the case - tether has been highlighted as being dodgy from early days but once the EFTs etc came on then all hell broke loose on manipulation. I know someone who could prior to EFTs predict prices turns to the exact point in time now working within a week or so at best. Its no different to say Silver where there has even been confessions and convictions of manipulation but it still continues.

Re: €100 of Bitcoin in 2010 = €70m today

Posted: Wed Jun 26, 2019 7:24 am
by Harveys
sorCrer wrote:
goeagles wrote:BTC dominance over 60% for the first time since 2017.
Looking very bullish. I reckon it will test 12k shortly.
Hard to believe only 18 months later we could be looking at potently another ATH, but stepping back and looking at the entire history its much less surprising.
350 day moving average of Bitcoin’s price. It has historically been an important moving average because once price moves above it, a new bull run begins.
Spoiler: show
Image

Re: €100 of Bitcoin in 2010 = €70m today

Posted: Wed Jun 26, 2019 7:25 am
by Harveys
Spoiler: show
Image

Re: €100 of Bitcoin in 2010 = €70m today

Posted: Wed Jun 26, 2019 7:26 am
by Harveys
lol, how do i spoiler for size?

I got u fam

Re: €100 of Bitcoin in 2010 = €70m today

Posted: Wed Jun 26, 2019 7:32 am
by sorCrer
We're also a year out from halving.

Re: €100 of Bitcoin in 2010 = €70m today

Posted: Wed Jun 26, 2019 7:50 am
by sorCrer
I took a position on eToro on the 14/12/2017 at a price of 16791 SL: 244.41 TP: 847334.70 been languishing at 50%+ loss for 2 years.

Re: €100 of Bitcoin in 2010 = €70m today

Posted: Thu Jun 27, 2019 12:43 am
by Harveys
13k 63%

Re: €100 of Bitcoin in 2010 = €70m today

Posted: Thu Jun 27, 2019 12:47 am
by Harveys
Shorts are starting to rise.

Re: €100 of Bitcoin in 2010 = €70m today

Posted: Thu Jun 27, 2019 4:34 am
by kiwinoz
Been all over the place - if you can trade that then you would have made loads.

Re: €100 of Bitcoin in 2010 = €70m today

Posted: Thu Jun 27, 2019 6:30 am
by sorCrer
kiwinoz wrote:Been all over the place - if you can trade that then you would have made loads.
Too vicious for me. On the hodl now.

Re: €100 of Bitcoin in 2010 = €70m today

Posted: Thu Jul 04, 2019 5:26 am
by sonic_attack
What's the story with the price volitility? Is it simply supply/demand? I've been asked if I'll accept bitcoin payment through my business and until now I've turned it down because I don't understand the currency conversion to local fiat currency.

I have a basic understanding of what it all is and how it works, apart from how the price bounces around so violently.

So I wouldn't be looking at it as an overall investment, but could be forced to as I'll have to use NZ$ to purchase product to on sell.

What would be an acceptable exchange markup between the NZ$ - BTC? Can I just make that what I want without going overboard?

Right now as far as I can tell the BTC is worth around 16K NZ$. A job I'm being asked to produce is a little under 8K or 0.48BTC as straight currency conversion goes today for my regular markup on cost of goods and service offered.

I could be wrong, but according to the Marco coino app there really isn't anything local for me to spend this crypto anywhere local.

No one else in my industry is accepting bitcoin for what I do as far as I can tell. The actual cost to me is around 2.5K NZ$. The remainder of the invoice is a few hours of service and markup.

How am I supposed to look at a transaction like this? My first reaction is to say "well if you're paying with play money the price is a lot higher than what it would be with real actual money".

When does this stuff become good for actual currency?
Or in the case of trading goods and services do you just cash out straight away so the value of your invoice isn't evaporated in some gigantic loss if the crypto value takes a dive overnight?

Re: €100 of Bitcoin in 2010 = €70m today

Posted: Thu Jul 04, 2019 1:00 pm
by kiwinoz
Sonic I think you answer your own question - the volatility at the moment is hard. You would be better taking the cash and buying BTC when it drops if you wanted to. Its for the other parties convenience not yours especially if you are still having to comply with tax etc.

Re: €100 of Bitcoin in 2010 = €70m today

Posted: Tue Jul 09, 2019 3:18 pm
by massive_field_goal

Re: €100 of Bitcoin in 2010 = €70m today

Posted: Tue Jul 09, 2019 3:38 pm
by sorCrer
Yep. Doesn't look good at all. Pretty scary if that blows up. The Gox coins too are still a problem for me. 130k of them left.

Re: €100 of Bitcoin in 2010 = €70m today

Posted: Wed Jul 10, 2019 2:34 am
by massive_field_goal
sorCrer wrote:
Yep. Doesn't look good at all. Pretty scary if that blows up. The Gox coins too are still a problem for me. 130k of them left.
Crypto folk were like: "Get stuffed regulators, crypto sets us free!"
Crypto folk will be like: "WTF is this shit? Where is the regulation?"

Re: €100 of Bitcoin in 2010 = €70m today

Posted: Wed Jul 10, 2019 2:40 am
by kiwinoz
Tether was well known to be dodgy. Caveat emptor

Re: €100 of Bitcoin in 2010 = €70m today

Posted: Wed Jul 10, 2019 5:09 am
by sorCrer
kiwinoz wrote:Tether was well known to be dodgy. Caveat emptor
Since late 2017.

Re: €100 of Bitcoin in 2010 = €70m today

Posted: Sat Feb 20, 2021 7:49 pm
by goeagles
derriz wrote: Mon Nov 26, 2018 10:47 pm Surely this thread deserves a bounce? Bitcoin has lost nearly half it's value since goeagles presented that comforting graph. And the other coins (which you were supposed to buy for "diversification") have done even worse.
It sure does. Graph was posted on 9/12/18 when conversion was $6354. Currently $57,000. Only up 897% since then.