# Bitcoin #

udo's picture
udo started the topic in Wednesday, 15 Nov 2017 at 3:49pm

The Bitcoin graph looks Interesting ! ?

shoredump's picture
shoredump's picture
shoredump commented Tuesday, 29 Dec 2020 at 10:43am

Damn
Oh well that’s gambling

donweather's picture
donweather's picture
donweather commented Thursday, 31 Dec 2020 at 12:00pm

Another ATH reached on BTC. $30k USD is looking highly likely.

udo's picture
udo's picture
udo commented Friday, 1 Jan 2021 at 1:17pm

$38.000

donweather's picture
donweather's picture
donweather commented Friday, 1 Jan 2021 at 2:51pm

Yep the elusive USD$30k is very near.

donweather's picture
donweather's picture
donweather commented Sunday, 3 Jan 2021 at 6:12am

And there she blows!! $33k and still going.

udo's picture
udo's picture
udo commented Sunday, 3 Jan 2021 at 9:01am

Farkn hell -$41.3750 AuD

udo's picture
udo's picture
udo commented Sunday, 3 Jan 2021 at 4:50pm

WTF - $44,160

Craig's picture
Craig's picture
Craig commented Sunday, 3 Jan 2021 at 5:28pm

Jeez.

udo's picture
udo's picture
udo commented Sunday, 3 Jan 2021 at 7:22pm

i wonder if they took Bitcoin as payment - BTC hit 45 K not long ago

https://www.realestate.com.au/news/bitcoin-reservoir-seller-accepting-cr...
finally sold Dec 5th for 885k when Bitcoin was 25k

velocityjohnno's picture
velocityjohnno's picture
velocityjohnno commented Sunday, 3 Jan 2021 at 7:48pm

Heard of someone selling a house in Perth back in GFC, put the lot in silver then silver went from 20 to 50. Cashing out in 2011 would give 2 1/2 to 3 houses... suspect Bitcoin will be more frothy!

vladalotovodka's picture
vladalotovodka's picture
vladalotovodka commented Monday, 4 Jan 2021 at 8:53am

Vlad very much is excited after find code on scrap of paper in outdoor dunny:

$#H,NO:GFAgyghksha.s.a;lj790jZA7767df9sjk&##jlal;d;jd;a;jk;amc$##sa\ashdflasfhjcflsbc8e489sek%%090$&r9HHwl;$%7886A$%33

Is worth $40,000?

Patrick's picture
Patrick's picture
Patrick commented Monday, 4 Jan 2021 at 10:12am

About two and a quarter bushells of potatos on the bitspud market Vlad. Try holding for another week.

velocityjohnno's picture
velocityjohnno's picture
velocityjohnno commented Monday, 4 Jan 2021 at 11:53am

It's not over until I sell the final black tulip

"In 1634, tulipmania swept through Holland. "The rage among the Dutch to possess [tulip bulbs] was so great that the ordinary industry of the country was neglected, and the population, even to its lowest dregs, embarked in the tulip trade." A single bulb could be worth as much as 4,000 or even 5,500 florins - since the 1630's florins were gold coins of uncertain weight and quality it is hard to make an accurate estimation of today's value in dollars, but Mackay does give us some points of reference: among other things, 4 tuns of beer cost 32 florins. That's around 1,008 gallons of beer - or 65 kegs of beer. A keg of Coors Light costs around $90, and so 4 tuns of beer ≈ $4,850 and 1 florin ≈ $150. That means that the best of tulips cost upwards of $750,000 in today's money (but with many bulbs trading in the $50,000 - $150,000 range). By 1636, the demand for the tulip trade was so large that regular marts for their sale were established on the Stock Exchange of Amsterdam, in Rotterdam, Harlaem, and other towns."

https://www.investopedia.com/terms/d/dutch_tulip_bulb_market_bubble.asp

Topsy's picture
Topsy's picture
Topsy commented Tuesday, 5 Jan 2021 at 11:51pm

Datadash gives the case for alts here
https://youtu.be/lpp8nIvV4uQ

udo's picture
udo's picture
udo commented Thursday, 7 Jan 2021 at 2:38pm

$48,200

donweather's picture
donweather's picture
donweather commented Thursday, 7 Jan 2021 at 6:54pm

Yes USD$40k is certainly well within reach now. If it breaks above this well then the skies the limit!!

donweather's picture
donweather's picture
donweather commented Friday, 8 Jan 2021 at 8:17am

And we hit $40k USD overnight!!!

Topsy's picture
Topsy's picture
Topsy commented Saturday, 9 Jan 2021 at 10:32am

...and the total crypto market cap has crossed 1 trillion

udo's picture
udo's picture
udo commented Saturday, 9 Jan 2021 at 10:42am

$52,700 AuD

donweather's picture
donweather's picture
donweather commented Saturday, 9 Jan 2021 at 7:52pm

Impressive huh.

udo's picture
udo's picture
udo commented Saturday, 9 Jan 2021 at 8:42pm

Yes very...
And Satoshi could be worth 40 Billion.

thermalben's picture
thermalben's picture
thermalben commented Monday, 11 Jan 2021 at 7:24pm

Almost $42K over the weekend, down to $33K today. Apparently the biggest drop in a year. Impossible to pick!

Westofthelake's picture
Westofthelake's picture
Westofthelake commented Monday, 11 Jan 2021 at 7:39pm

Wow, just goes to show money might not grow on trees, but it certainly gets created out of thin air!

Topsy's picture
Topsy's picture
Topsy commented Tuesday, 12 Jan 2021 at 8:29am

Overbought, needed a correction

donweather's picture
donweather's picture
donweather commented Tuesday, 12 Jan 2021 at 2:54pm

Biggest $ value drop maybe Ben but certainly not the largest % drop. Not even close. It needed a correction to refuel for the next leg up.

thermalben's picture
thermalben's picture
thermalben commented Tuesday, 12 Jan 2021 at 4:05pm

Yikes. I couldn't do it.

donweather's picture
donweather's picture
donweather commented Tuesday, 12 Jan 2021 at 6:06pm

It's all about risk management and stop loss. They are both your friend. Volatility makes trading way easier.

Blowin's picture
Blowin's picture
Blowin commented Saturday, 16 Jan 2021 at 2:17pm

This doesn’t have much meaning for myself beyond general curiosity but but some might find this interesting.

https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-do...

udo's picture
udo's picture
udo commented Saturday, 16 Jan 2021 at 2:35pm

Bloody hell Good read cheers

velocityjohnno's picture
velocityjohnno's picture
velocityjohnno commented Saturday, 16 Jan 2021 at 3:43pm

Incredible. That is investigative journalism. Best financial whodunnit since Man Financial. And the implications...

Implication #1: now we may see where the flow has been coming from for the latest rally
Implication #2: Tether is now less mysterious - but darkly, more intriguing... who dunnit? Whyfor dunnit? And if the backing is as suspected, how is that different to a fiat currency printed out of nothing? Questions, questions.
Implication #3: lots of flow on big exchanges may come in this form, hmmm
Implication #4: exchange: choose wisely!
Implication #4 Dogecoin might be looking more respectable... if it even still exists. I have no idea but I liked it.

Edit: every year I might take a dozen or so financial articles and print them out for posterity. Looking back gives a snapshot of the themes and times. This one is getting printed.