Bitcoin At An All Time High Again - Breaks $1,700 for the first time - Sensationalist Headlines

[QUOTE=TheDestroyerOfall;52273395]I personally think it's the ransomware program. People are buying to unlock their computers.[/QUOTE] The WannaCry bitcoin address [URL="http://howmuchwannacrypaidthehacker.com/"]has received about 50 BTC[/URL] so far, which equals to about $138,000. The market cap for Bitcoin, on the other hand, is about $38 billion, so I don't think it explains much. As far as I know? Speculators are driving yet another bubble which is about to burst. With the network being almost completely clogged (one of my transactions took over 48 hours to confirm and two dropped out completely some time ago) and the divided community failing to solve the aforementioned problem after about three years of strife and name calling, there's no logical reason for the price to be this high.

[QUOTE=Fourier;52272730]I will sell on Friday, it will correct itself through weekend.[/QUOTE] Did you end up selling yet? Looks like it took a dip.

[QUOTE=Perrine;52273722]uh oh [img_thumb]http://i.imgur.com/U0uIwEu.png[/img_thumb][/QUOTE] Not the least bit surprised. But it's only corrected itself to the level at the start of the day. I would expect it to fall to lower levels later on.

Correction to $1300. Then will end the year at the $3000 mark.

Grab it while you can folks, but there's rumors of Bitcoin being shut down because WannaCry Malware using it.

[QUOTE=OmniConsUme;52275437]Grab it while you can folks, but there's rumors of Bitcoin being shut down because WannaCry Malware using it.[/QUOTE] Well you can't just "shut down" bitcoin... the entire global internet could shut down and the blockchain that holds Bitcoin information would be restored in a matter of days of it coming back up.

[QUOTE=OmniConsUme;52275437]Grab it while you can folks, but there's rumors of Bitcoin being shut down because WannaCry Malware using it.[/QUOTE] Even if that were practical or possible to do, organized crime has been utilizing BTC for years (including but not limited to ransomware) and no such effort to shutter the network has been taken as far as I know. The difference is WannaCry was heavily publicised in the media.

[QUOTE=Nookyava;52274213]Did you end up selling yet? Looks like it took a dip.[/QUOTE] One day too late :ass:, sold some in mid but too little. Still in big profit so it's ok.

Just a PSA but for your own safety, never show how much cryptocoins you own. Don't make yourself a target for hackers or scammers. It's easier than you might think and you can kiss your 50k goodbye...

[QUOTE=martijnp3000;52276842]Just a PSA but for your own safety, never show how much cryptocoins you own. Don't make yourself a target for hackers or scammers. It's easier than you might think and you can kiss your 50k goodbye...[/QUOTE] Reminds me of that guy who found tons of coins in a abandoned drive or something and made a thread about it only to later become a target for a couple of other guys on here.

[QUOTE=adam1172;52277034]Reminds me of that guy who found tons of coins in a abandoned drive or something and made a thread about it only to later become a target for a couple of other guys on here.[/QUOTE] [url]https://facepunch.com/member.php?u=491402[/url] It was this guy, and also here's the thread [url]https://facepunch.com/showthread.php?t=1259650[/url]

[QUOTE=Zonesylvania;52277087][URL]https://facepunch.com/member.php?u=491402[/URL] It was this guy, and also here's the thread [URL]https://facepunch.com/showthread.php?t=1259650[/URL][/QUOTE] Did Turing actually find his BTC? For some reason I was under the impression he was simply an early adopter... Not too surprising though. Estonia is like top 5 or something Crypto-crazed country in the world after China and Nigeria and some others.

Next few days are going to be greaaaaaat!

I thought BTC was gonna pullback to the $1300 range but if it's steady around $2000, and that's the new floor... well that's a mighty fine things I might say

Is there any kind of way to track the price of BTC live? Like a widget, or an app notification?

[QUOTE=geogzm;52296752]Is there any kind of way to track the price of BTC live? Like a widget, or an app notification?[/QUOTE] [url]www.bitcoinwisdom.com[/url] is probably the best site to do that Not an app though but there are several apps that do that

[QUOTE=geogzm;52296752]Is there any kind of way to track the price of BTC live? Like a widget, or an app notification?[/QUOTE] [URL="https://play.google.com/store/apps/details?id=com.blockfolio.blockfolio&hl=en"] THIS[/URL] is the best app at the moment, no ads or paywalls. You can set your own alerts to repeat or one time only, high variety of currencies too.

How easy is it to sell though?

What is the best place to buy bitcoin these days?

[QUOTE=Andre Gomes;52297609]What is the best place to buy bitcoin these days?[/QUOTE] Coinbase (they have their own trading platform that you can use once you have a coinbase account called [URL="https://www.gdax.com/trade/ETH-USD"]GDAX[/URL] or use coinbase to buy/sell but at a premium price), Gemini, Kraken. Don't fucking go near Poloniex.

Google says BTC is at $2361 still. That's fucking ridiculous

[QUOTE=Abaddabadon;52297631]Coinbase (they have their own trading platform that you can use once you have a coinbase account called [URL="https://www.gdax.com/trade/ETH-USD"]GDAX[/URL] or use coinbase to buy/sell but at a premium price), Gemini, Kraken. Don't fucking go near Poloniex.[/QUOTE] Coinbase is good for buying and selling into and out of USD, for BTC, ETH, and Litecoin. What he said. Do not go near Poloniex. Very poorly run the past two months. Selling BTC on Coinbase is just as easy as buying it. It takes like one week for all orders to go through (due to the nature of BTC's scaling issue), but all of my orders (thousands of dollars) have gone through without a hitch.

[QUOTE=skynrdfan3;52298388]Coinbase is good for buying and selling into and out of USD, for BTC, ETH, and Litecoin. What he said. Do not go near Poloniex. Very poorly run the past two months. Selling BTC on Coinbase is just as easy as buying it. It takes like one week for all orders to go through (due to the nature of BTC's scaling issue), but all of my orders (thousands of dollars) have gone through without a hitch.[/QUOTE] Coinbase is horrible. As if the weeklong transaction period wasn't enough, the high fees and propensity to just cancel your orders because "eh we kinda lost it in all this other BTC bloat", while not entirely their fault, is a shitty experience. These coins make moves in hours and days. After a week, you're way too late for anything. On another note, there are SO many extremely promising blockchain-based adaptations and recreations of traditional services, investment vehicles and other products now tt's insane. Blockchain tech is really starting to heat up after years. There was just yesterday an ICO for a certain service token. It raised 35 million dollars in fucking 26 seconds. Which brings us to the oft neglected issues underlying the crypto scene. "Decentralization" has become something of a buzzword. Whales keep buying up increasingly larger stacks of various tokens and are thus indirectly centralizing the whole market. That and they have enough resources to burn 10 ETH's worth of gas to boost their transactions to ensure they get their legs between the door, just like that. Then they sell for 5x the ICO prices to all the thousands of people who get rejected. Unfortunately, crypto is becoming an increasingly oligarchic community. With that particular token ICO aftermath, each individual cryptosheikh raked in hundreds of thousands and up to millions of dollars worth of Bitcoin from the tens of thousands of people who got booted from the ICO backlog and were forced to buy at market prices to even take part in the project. It's scary, seeing these things happen before your very eyes... And we're currently only at barely 100 billion collective market cap. Imagine if there was TENFOLD this money floating around. This is [I]crazy[/I] money people are dealing with.

coinbase is a piece of shit, the verification plain doesnt work and i dont think they will manually verify you if its fucked like it is for me. this isnt just coinbase though it took 4 days to sign up at bitstamp and there payment processor simplex has been sitting on my transfer for 3 days, it would have been faster to do a bank transfer. the bitcoin spike isnt a valid excuse times like this would be unacceptable from a bank bitcoin isnt decentralized at all the chinese do the majority of transactions through a couple of isps if the chinese mining consortiums ever decide to cash out btc will be worthless

I've been waiting for Gemini to verify my shit since the beginning of May. ETH has nearly tripled since then. I want to die.

Ok, I don't know where else to ask, and it might also be a really dumb question, but here goes: I saw some exchanges valuing Bitcoin at ~2300$ and some others at ~2500$: Would it make sense to buy at a lower price from one and then sell it over to another one that values it higher? Because that would be a clean and quick 200$ gain excluding fees and whatnot, but it just seems too easy to be true. Or would confirmation times make that impossible?

[QUOTE=Aleal;52303568]Ok, I don't know where else to ask, and it might also be a really dumb question, but here goes: I saw some exchanges valuing Bitcoin at ~2300$ and some others at ~2500$: Would it make sense to buy at a lower price from one and then sell it over to another one that values it higher? Because that would be a clean and quick 200$ gain excluding fees and whatnot, but it just seems too easy to be true. Or would confirmation times make that impossible?[/QUOTE] If someone is selling at $2300, what reason would people have to to buy at $2500? You might find it difficult to sell that quickly, which leaves you at the risk of the volitility of the currency. It's a gamble, make no mistakes.

I looked at Coinbase but I don't think you can sell any bitcoins there. Any good alternatives for Australia?

[t]http://i.imgur.com/QGbHKpB.png[/t] almost recovered back to that high again; what does it all mean? a bubble burst only to reinflate to the same high?

Dont quote me on this, but I read somewhere that some experts predict values of upwards of 2,5 grand in the next couple of years.