[40AmpstoFreedom]

I would 100% cash out asap. When in all of history has any currency based on nothing not ended in a crash? You can say it is based on the dollar but it too is now based on nothing and manipulating interest rates while printing money with insane debt will only get us so far. I stayed out because I worried governments would outlaw it like China has. I am really surprised our professional extortioners in the states have not already outlawed this.

[Kalbhairav]

I partly agree Skip..

I think there will be a big correction and I definitely think many cryptos will loose everything and become the butt end of jokes.

When it comes to institutional money though, I don't think many of the fat cats have invested yet. The volumes don't indicate the massive amount of buy orders that would point toward the banks or investment companies joining the party. I think they're all waiting for a correction and then will buy up a shit ton of BTC. Only at the retail level would anyone buy on this type of high. I could be wrong but I don't think the majority of the big wigs are in on the party yet.

If we compare with the dot com bubble there was a massive rise and then a crash, then a lull until it started to rise again. Then it behaved by rising and correcting accordingly. We will see a correction but it won't be the end of blockchain or cryptos in general.

Everyone just has to keep a good eye on everything and have a strategy to get out when things start to turn. Some cryptos hedge very well against Bitcoin.. Do your research and have a strategy to get out..

[Critter]

Im trying to load my old bit wallet from my comp. I have two saved files that are .dat but its making me download the whole block chain...on day three. anyone know how to access a bit wallet on a new machine?

[GDSBurns]

Originally Posted by Douglas.Curtis

Be sure to save a few, because you never know where it may end up at a few years from now. I didn't pick up any myself, hadn't the funds. heh

I am holding a bit of each:

LISK I forget why... lol
EOS You will be able to lease to others
ICOO pays dividends
ZEC Strongly valued Anon coin
XMR Strongly valued Anon coin

I don't buy in to ICO's unless they have a product ready to go. Most every ICO I've seen, where there's a long development period, the price drops lower than the ICO value.

BTC broke $13k... Wall Street getting on board is going to have a crazy effect.

What app are you using to invest in the other crypto's. I cant seem to find a good one besides coinbase and with coinbase i cant get any other cryptos besides like bitcoing and ethereum.

Any help is greatly appreciated. IM a noob and trying to figure this out.

[Chimera]

You still sayin' nay, Skip?

https://www.icmag.com/ic/showpost.ph...3&postcount=79


Back at $665 US you were talking jive, an here everyone is at the current market rate. Is it sustainable? Who knows? Who predicts the future?

The post above sure shows, it isn't you.

Current rate: $16489 US

I hear analysts, bankers, promoters, manipulators- all of them have said at every peak and every subsequent value, that the growth and expansion isn't possible, nor sustainable And you know what? Every time- every single time - I have heard the same, BTC has risen above the level of the day, exceeding by orders of magnitude the value of the skeptics. Every. Time. Every. Time.

Does that mean it will increase perpetually? Definitely not. Everything has its day.

But for now, I'm not selling a millibtc

Originally Posted by Skip

Yes, and that means the shorts are gonna pile in like never b4. I predict panic will ensue and ppl will sell big time. In the long run it may have the effect of moderating bitcoin's bounces, making it more steady in the long run, but don't count on it.

I think after a huge fall and bizes including banks losing out, most of these alternative currencies will become pariahs.

Far more companies abandoning bitcoin than taking it on.
Try to cash out your bitcoins today or spend them anywhere in the real world. Better do it while you still can. Good luck!


The banks are only interested in getting into the game so they don't have to put all their cash into building new homes for the millions that need them. They'd rather gamble in the E-Casino of alternative currencies cause then they can hide their profits more easily.

[Yard dog]

Have you noticed that if bitcoin drops then altcoin rises it's a nice correlation, I feel bitcoin is due a correction myself and expect it maybe when it hits the exchanges.

[Skip]

Originally Posted by Chimera

You still sayin' nay, Skip?

https://www.icmag.com/ic/showpost.ph...3&postcount=79


Back at $665 US you were talking jive, an here everyone is at the current market rate. Is it sustainable? Who knows? Who predicts the future?

The post above sure shows, it isn't you.

Current rate: $16489 US

I hear analysts, bankers, promoters, manipulators- all of them have said at every peak and every subsequent value, that the growth and expansion isn't possible, nor sustainable And you know what? Every time- every single time - I have heard the same, BTC has risen above the level of the day, exceeding by orders of magnitude the value of the skeptics. Every. Time. Every. Time.

Does that mean it will increase perpetually? Definitely not. Everything has its day.

But for now, I'm not selling a millibtc

Go ask JB how he made out with bitcoin...

[Douglas.Curtis]

Originally Posted by Critter

Im trying to load my old bit wallet from my comp. I have two saved files that are .dat but its making me download the whole block chain...on day three. anyone know how to access a bit wallet on a new machine?

The bitcoin wallet from bitcoin.com works more like the electrum wallets. It only downloads part of the blockchain and will show your funds quicker.

I see bitcoin headed for a huge correction as well. Nothing has really changed in the bitcoin network (besides hard forks) to change what it's worth. I'm guessing around the original $5-6k it was before the surge + whatever the increased bitcoin traffic fees are at the time. As traffic on the network increases, so do the size of the transaction fees.

What's cool is there are plenty of coins which have nothing to do with bitcoin which will retain their own value. Anyone holding bitcoin would do well to watch for the drop and sell to a different (non-attached to bitcoin) coin when the correction comes.

[trichrider]

Hackers Steal More Than $70 Million in Bitcoin

https://www.wsj.com/articles/million...25176?mod=e2tw

[DocTim420]

From my buddy's blog--Clusterfuck Nation

kunstler.com/clusterfuck-nation/stranger-things/

Stranger Things

The hidden agenda in the so-called tax reform bill is to act as stop-gap quantitative easing to plug the “liquidity” hole that is opening up as the Federal Reserve (America’s central bank) makes a few gestures to winding down its balance sheet and “normalizing” interest rates. Thus, the aim of the tax bill is to prop up capital markets, and the apprehension of this lately is what keeps stocks making daily record highs. Okay, sorry, a lot to unpack there.

Primer: quantitative easing (QE) is a the Federal Reserve’s weasel phrase for its practice of just creating “money” out of thin air, which it uses to buy US Treasury bonds (and other stuff). The Fed buys this stuff through intermediary Too Big To Fail banks which allows them to cream off a cut and, theoretically, pump the “money” into the economy. This “money” is the “liquidity.” As it happens, most of that money ends up in the capital markets. Stocks go up and up and bond yields stay ultra low with bond prices ultra high. What remains on the balance sheets are a shit-load of IOUs.

The third round of QE was officially halted in 2014 in the USA. However, the world’s other main central banks acted in rotation — passing the baton of QE, like in a relay race — so that when the US slacked off, Japan, Britain, the European Central Bank, and the Bank of China, took over money-printing duties. And because money flies easily around the world via digital banking, a lot of that foreign money ended up in “sure-thing” US capital markets (as well as their own ). Mega-tons of “money” were created out of thin air around the world since the near-collapse of the system in 2008.

And magically, with no negative consequences! Yet. Now, Europe and Japan are making noises about dropping their batons. China’s banking system is so opaque and perverse — because it is unaccountable except to the ruling party with its own agenda — that it’s quite impossible to tell what they are really doing, though the signs of mal-investment are obvious and startling. And the UK’s finances are tied up in its messy divorce proceedings with the EU (with the British standard of living dropping markedly meanwhile). In short, the torrent of global “liquidity” looks to be slowing to a trickle.

The expectation is that this would make stock markets go down and bond interest rates to go up (fewer buyers), perhaps a lot. The dirty open secret here is that these central bank interventions are the only means for keeping the capital markets up, and that the markets are just a Potemkin false front for Western economies that are drying up and blowing away. That is certainly the experience here in the USA, where banking hocus-pocus now accounts for about 30 percent of GDP, and most of that activity is either out-and-out fraud or swindling, or collecting rents and dividends on past frauds and swindles.

Dem/Prog America in its Silicon Valley gourmet employee bistros and Hamptons lawn parties thinks that the flyover Trumpist Red State world of meth, joblessness, and anomie is some kind of a Netflix hallucination. But no, it’s for real. The center of the ole US of A is hollowed out. The bad news is that it probably has enough juice left in its disaffected youth, and certainly enough weaponry, to start a very serious insurrection if it continues to get dissed.

Enter the joker in the deck: Bitcoin. Though it pulled back a couple of thou overnight, this strange investment vehicle blasted through $18,000-per-Bitcoin in the past 24 hours, roughly tripling from $6000 in one month. It even endured the hacking of one of its exchanges, NiceHash, where $70 million was looted without so much as a stutter in the upward thrust of the chart. Whatever else Bitcoin is — and I would suggest a “Ponzie,” a “mania,” a “con” — this thing is a message. The message is that financial circulatory system of the global economy is in some kind of distress. Another take-away is that the rush into Bitcoin represents a loss of faith in matrix of rackets that world banking has become, and a flight to perceived safety in a putative financial instrument beyond the clutches and the lying propaganda of nervous, self-interested governments.

For the moment, Bitcoin is doing the job that gold used to do: indexing the loss of value in paper currencies and the things that affect to represent them. Except that Bitcoin has no material reality. It is a figment of mathematics. The vaunted blockchain “technology” is just a formula for packaging information and assigning it to live in various places. It appears to have some worth as a ledger system, for keeping track of accumulated value in an allegedly transparent and honest mode. But the thing it is toting up and sending chits around the world for — Bitcoin — has no value in and of itself.

If “money” can be said to represent a future claim on work, or energy, or things that they produce, then Bitcoin is not money at all because it only represents energy burned in the computer exertions necessary to “mine” the Bitcoins. In other words, it costs a lot of energy to create Bitcoins, and there’s no claim on future energy, or work — it’s already gone. That energy use is catching the world’s attention and is beginning to look pretty profligate. Like, if Bitcoin happened to shoot up over $100,000-per-unit, it would hog an unseemly portion of the worlds electric power.

Anyway, that’s only one interpretation of the Bitcoin rush. In the end, I believe it’s simply telling us that the global financial system is headed for some serious trouble. It is vectoring right smack into the same lane as the gathering political crisis in the US government, as a fight to death between Donald Trump and his adversaries comes darkly into view.

There is some truth in his words--the financial markets are holding each other up; if one fails, then they all go down...just like the human pyramids of Catalonia: Big guys on bottom--little guys on top.

And, if you thought a lot electricity is required to grow pot, investigate what it takes to run a farm of "bitcoin machines". How do you spell "P-I-G Hog"?