have a limit order in to buy 30 bitcoin at $1000 each ..

prob will then go to $100 lol

oy vey.

Dumb materialistic Move.... for these types of currency are not going to reign on this world... Buy food if you need to invest.

Put in a few for eth too at a low price, $20 maybe.

Flash crashes happen and people scoop up nice rewards.

well its doubtful.

Yes, but if it hits $1000 it will go to about zero shortly after.

No one in the right mind would pump two weeks left in the tax year. Next year money will flow in when there is plenty of time to buy low and take profits.

Who would risk pumping dec 31, owing tax on the pump and dumping Jan 1st. Paying tax on something you lost. Wait until January. Accumulate until then. Use that referral for a free $40 while the market is low.

BTC will not hit $1k

Well I did not think it would hit 3300 ish. But I think 2019 and 2020 is going to be huge for crypto. Lotts of 2017 money and developments are ready to launch. The weak will die though no doubt about that. Buy down what you can afford to lose, then smile on the way up!!!!!

is it materialistic? Could it be that OP has goals that go far beyond your current perception of him/her?

What if OP wants to make major cash to help build live saving equipment and devices to be distributed around the world that wouldnt have been distributed otherwise? What if he would use the money to aid in the spiritual growth of those in need? Materialistic, are you sure?

of course it wont. For something that started at zero or less than 1 cent, and has increased by over a million percent. you think nobody is going to pin their hopes of the happening again?? of course they are, millions will want to snap it up. it just cant keep falling. People are willing to take their chances as an investment.

So basically the blockchain does what my debit card/credit card already does without recourse if something goes wrong, and people will be throwing their money at this at the beginning of the new year?

Blockchain or bitcoin?

They're different things...

I was talking about blockchain. Why would I use a system that does the same thing as my debit card/credit card but has no recourse if something goes wrong?

If you think blockchain = debit card I hate to say but you need to understand blockchain better.

That being said, once Bitcoin has some regulations surrounding it, and companies begin to take it seriously, there will be more assurance with it.

Picture banks in the 1800-1900s, they could be robbed, burned down, etc...Many banks went bankrupt due to criminals
The crypto market is currently like this, the wild wild west.

Now look at banks today, and their massive power over everything

I hope, one day, bitcoin can take over much of what the banks do in hopes of the banks losing much of their strangle hold on the economy

Please explain how transferring cryptos on blockchain is different from transferring fiat on an a debit/credit system?

You said you were talking about blockchains, not crypto

They're two different things.

Crypto does use blockchains for the most part, some do not.

But not every blockchain needs a cryptocurrency behind it

Companies like IBM, Fedex, and most shipping companies would benefit by using blockchains, but there wouldn't be a need for currency with them

I was talking about blockchains in the post above as related to Cryptos. I do understand blockchains can move information as well as cryptos, but why would I do that? Why if I am Fed Ex with a multi million dollar information system would I switch to blockchain? Same thing with cryptos why would I risk my money fluctuating up and down then dragging through a system that has no recourse if something goes wrong?

You would upgrade to blockchain technology for efficiency, among many other reasons

You don't think the USD fluctuates? Or any currency?
Like in Venezuela
...Do people in Venezuela have any recourse?

There are plenty of reasons how/why crypto can change/help the future.
Especially as technology speeds up, and people need less of what they use daily now (cars, insurance, etc)
Everything can be put on the blockchain

And why? For your safety, so you pay to use not pay to have, etc.

Unfortunately I am not the brightest mind in the crypto space, however there are many cases where crypto can be used

Imagine this; you need to rent a car in the future
But you have no insurance

However, you have a smartphone with blockchain technology
You walk up to a rental car, it automatically unlocks and will charge you for only your use
Same with insurance, you get charged for the 2 hours of insurance while using the car

We could go on and on with how blockchain will change things, however it's very much like the internet in the early 90s
Very few people could imagine where it would lead, and many wouldn't have been able to imagine it becoming what it currently is

You have invented the wheel! But we have a wheel. We will call it the Blockwheel and tell everyone how great it is and all the things we can do with it in the future. But we already have a wheel. Now we have the Blockwheel.

Basically no, not at all.. blockchain is far superior in many ways. Greater transparency,Enhanced security,Improved traceability,Increased efficiency and speed, Reduced costs.
Bitcoin uses blockchain technology, that does not mean you're guaranteed things like a stable price point or anything else.
Bitcoin is bitcoin its a new currency or store of wealth, it started out at less than a dollar in value. Its come a long way.

Maybe Ripple XRP will become the worlds most powerful currency, its also based on advanced blockchain tech. But its not mined.

Last Edited by Agent Smith 2014 on 12/12/2018 12:15 PM

Actually bitcoin has increased 35 million percent since it was worth 1 cent, in 2010.

Woa woa woa, The moral of this theory is not insurance.

Uber will either pick this up or get demolished by it.

Who do you think keeps crashing it so as to buy it all up on the cheap?

It can never go to zero guys too many lost wallets and forgotten keys

Even if the banks own 50% of all BTCs on the market, they can only control the price of it by buying/selling, they cannot control the system

The constant manipulations are very obvious and pretty well documented I should think.