What caused this? Will it keep going?

idontknow
idontknow

What caused this? Will it keep going?

All urls found in this thread:

forbes.com/sites/bryanrich/2017/05/24/whos-behind-the-spike-in-bitcoin/#72a4571247d4

PackManBrainlure
PackManBrainlure

The fastest peak ever in BTC was 430% growth in 20 days. 20 days in and we've only seen 70% growth in this newest event; this will keep going through the end of June without slowing.

Emberburn
Emberburn

Public awareness slowly increasing. More and more people are learning that putting a few % of their portfolio into bitcoin is a good idea.

The best days are yet to come. $10k BTC is pretty much guaranteed.

RumChicken
RumChicken

Normies.

GoogleCat
GoogleCat

When people buy in at coinbase, are they always buying the lowest asking price?

Fried_Sushi
Fried_Sushi

yeah

when you use the 'coinbase dashboard' you are basically submitting a market buy order

so it fills the lowest ask limit that exists on the exchange (GDAX.com)

I highly recommend making a GDAX account so you have access to limit orders and stop loss orders

idontknow
idontknow

2010
just found out about bitcoin
read that you could mine it
could mine about 50-75 coins a day on my rig at the time
download wallet
download miner
fire it up, it doesnt work (forgot to set my wallet address and worker password i think)
fuck this, its just internet monopoly money anyway, it will never be worth anything
go back to playing wow all day

tfw

Carnalpleasure
Carnalpleasure

a lot of us made this mistake user.

make sure you're on the train now so it doesn't leave you behind again.

Burnblaze
Burnblaze

Korea/Japan retail bubble

"the bigger they are the harder they fall"

I will be looking to buy more crypto once this phase is over, as I think after the coming crash we will continue to even higher targets.

Firespawn
Firespawn

This is probably why the price is going nuts.

RavySnake
RavySnake

If its any consolation, you probably would've sold it when they were worth about $40 each for a few thousand total.

It takes balls of steel to hold long term.

StrangeWizard
StrangeWizard

No, that's how its worked for years.

Dreamworx
Dreamworx

I kinda did the same thing, but I don't have any information about it anymore.

MFW I lost around 500-600 coins

Raving_Cute
Raving_Cute

Yea but were your parents buying btc on coinbase then?

Garbage Can Lid
Garbage Can Lid

You have to be joking.
People have been saying this for years now.
The Crypto market is barely a child yet.

Crazy_Nice
Crazy_Nice

MOON is RDD 2.0
starts at 1 sat, so whales will want it
even though the price is in the single digit sat area it has a high Volume rivaling eth
soon on Bittrex

Boy_vs_Girl
Boy_vs_Girl

Yeah

cum2soon
cum2soon

Is it possible to sell with huge profit BTC on one of the Korean exchange at ~4000$ ??

askme
askme

soon on Bittrex
[citation needed]

idontknow
idontknow

forbes.com/sites/bryanrich/2017/05/24/whos-behind-the-spike-in-bitcoin/#72a4571247d4

lostmypassword
lostmypassword

An informal promise was made to add MOON if it ever took off, which it is now.

Gigastrength
Gigastrength

This isn't even an altcoin thread, literally go jump off a bridge, fucking degenerate pumper.

Carnalpleasure
Carnalpleasure

Public awareness slowly increasing. More and more people are learning that putting a few % of their portfolio into bitcoin is a good idea.

It ain't 2013 no more.

TurtleCat
TurtleCat

I'm still of the belief that 2013 only crashed as hard as it did because of GOX.

CouchChiller
CouchChiller

You have to be retarded or delusional.
The total crypto market cap has increased almost x4 in 2-3 months, do you think that is natural growth?

It's incredible how people get caught up in this frenzy of crypto going up, makes you blind (since most of the people on this board including me are invested in crypto) to the truth that it also has to come down, and this time the fallback will be extremely large.

Noone is arguing for that crypto does not have a long way to go, but short term this is going to crash.

eGremlin
eGremlin

What are China's analogs to the Dow and S&P?

whereismyname
whereismyname

Its got a lot further to run before a correction in my opinion, and I don't expect it to fall back below $1500.

Supergrass
Supergrass

Looking at the actual chart you posted, even in its lowest dip in 2015, crypto still had 4x the market cap it did before the "bubble" in 2013.

Need_TLC
Need_TLC

The Chink&Chonk60

Crazy_Nice
Crazy_Nice

3.5x of that 4x is from foreign markets opening up due to various laxing of regulations; they're not disappearing, the game just changed in a huge way. It will correct, but not nearly as much as you think. Only a small percentage of speculation, most of this is people that want a better currency than they have at home

cum2soon
cum2soon

I was hinting at the fact that around that time general public heard about first fortunes made on bitcoins.
It's foolish to assume "no one knows about it". Those who are interested in pursuing wealth and seek opportunities are monitoring cryptos for years now.

idontknow
idontknow

I agree with what you said. I think the best way to avoid being caught is to set up a stop order. Although after the ETF crash the fucker didn't work. I hope it won't fuck me.

Skullbone
Skullbone

shanghai composite

Firespawn
Firespawn

Thanks bro. Could this be the key to spotting the crash?

LuckyDusty
LuckyDusty

The laddle is only going to get bigger from this point on, you know..

w8t4u
w8t4u

normies suddenly realized bitcoin is the future!!!
to the moon!!!1
What is this, 2013 again? If this is what you really think - welcome to the cryptos, say goodbye to your money.

Anyway, if it's chinks then we might see a dump to 1000-1500$ very soon. Even people who don't give a crap about cryptos started talking about bitcoin bubble. But I hope it's some exchange pulling a mt. gox, that would be fun.

askme
askme

That'd be cool but it doesn't make a lot of sense.

massdebater
massdebater

Is their market falling BECAUSE they're putting their money into crypto?

idontknow
idontknow

mfw it's bittrex

Techpill
Techpill

no. they're putting it into BTC rather than gold because the market is falling.

Snarelure
Snarelure

I remember the suicide hotline being sticked on /r/bitcoin after the crash kek

Flameblow
Flameblow

Not sure what to feel about this, it is eating my shitcoins value, but at the same time I have a few bitcoins.

RavySnake
RavySnake

How much got robbed?

whereismyname
whereismyname

~$460m USD. At the time fucking massive.

Illusionz
Illusionz

Yes, people have heard of it years ago, but it was just silly internet cash that was likely just a short term pump and dump.

It's in the new more now, and people are starting to realize its not a silly nerd gimmick, and it's a big deal.

Investors are realising its a good asset to hold, and financial advisers are (very slowly) starting to advise their clients to put a few % into crypto.

It's just beginning.

Nude_Bikergirl
Nude_Bikergirl

THIS!!

The east sees BTC as the new gold. Untraceable, un-taxable, resistant to theft. It's a dream currency for those who like gold but are afraid to keep it in their home. And they're just realizing this now.

Lord_Tryzalot
Lord_Tryzalot

Was it in BTC?

Sir_Gallonhead
Sir_Gallonhead

I was in the same boat back in the beginning, and I had friends who were mining too. We all sold way before even the 2013 crash. We basically spent everything on Steam games.

I got back in after the crash though and now I'm holding.

Boy_vs_Girl
Boy_vs_Girl

He ACTUALLY believes Bitcoin will pop

girlDog
girlDog

And they're just realizing this now.

massdebater
massdebater

user we live in an internet bubble

Do you have any idea how many retards are out there and how much longer it will take for them to even consider BTC to be anything but a complete scam?

The only person I knew in real life who heard of it a couple years ago was my uncle, and he's really anti-government and anti-banks. I bet he has lots desu but I don't know him well enough to ask

Nobody else knew shit about it. And people who knew only "KNEW" they didn't KNOW and didn't invest. Now they realize

iluvmen
iluvmen

Mtgox? Correct.

Playboyize
Playboyize

Don't get too comfy. If you think there isn't already a Nigerian and Chinese Mt. Gox brewing ready to fuck over third-worlders and steal their coins, you're delusional. We'll see another crash soon, it's just a question of which day.

Gigastrength
Gigastrength

The Chinese have been in BTC for a long time. That's my point.

Methnerd
Methnerd

don't know about your country but in my country bitcoin is regularly mentioned in big newspapers at least six times a year

PackManBrainlure
PackManBrainlure

Yes. I am a Korean citizen working on arbitrage quite a time now. wanna join?

Snarelure
Snarelure

Damn that would be an absurd amount of money today. Was it yakuza or something?

Burnblaze
Burnblaze

I hope so. Buying more at $1000 will seem like a dream when it hits $10k+

TalkBomber
TalkBomber

I'm not sure they ever found out. You could probably find documentaries on it at this point.

CouchChiller
CouchChiller

Holy shit it was around 850,000btc. That's $2,352,859,500 today

VisualMaster
VisualMaster

Yes, everyone suddenly realized that bitcoin is a big deal and one month later it almost tripled in price. You fanatics are hilarious. I'll come back here in a few days/weeks when it pops to read your posts about WEAK HANDS and HODL.

New_Cliche
New_Cliche

How??
I can send BTC on the Korean currency but how can i get some other coin/USD that would have same as here or not so high different for local price price?

Or you proposing me to rely on you and get all my funds in your hands?

Ignoramus
Ignoramus

not to go full hillary clinton but it was probably the russians, they were the only one's at the time with the sophistication and desire to hack the exchange

Spazyfool
Spazyfool

That or the Chinese would make sense.

Crazy_Nice
Crazy_Nice

had all the coins
sold for small gains

Soft_member
Soft_member

Is it worth it to buy more at this point?

happy_sad
happy_sad

normies smelt 2k and a bunch of people want lambos

haveahappyday
haveahappyday

talking about scams
remember cryptsy?

likme
likme

its going to hit 3,000

Emberfire
Emberfire

Sorry, man to risky. Nice proposition, but, really it is insane to make such investment.

StonedTime
StonedTime

Find a korean off craigslist to translate and get a vpn.

Illusionz
Illusionz

Already hit 4000 on Korean exchange

Playboyize
Playboyize

Still need verification of citizenship to sell. They'll let you buy but won't let you offload.

eGremlin
eGremlin

Why not sell in person?

iluvmen
iluvmen

In... Korea? I probably misinterpreted what you said.

Emberburn
Emberburn

Japan + Korea new money. China can't have all the fun right?

Crypto is going big boys, we're all going to be richer than we rightfully should be.

Ignoramus
Ignoramus

You haven't heard of the famous laddle formation in T.A.? All the rage these days.

girlDog
girlDog

what about ETH? Will it gain momentum when this shit inevitably pops?

massdebater
massdebater

Not immediately. You have to keep in mind that btc die hards see it as literal gold. They might think of ETH as zinc. Sure you can invest in zinc and make a ton but it's not as safe as gold.

Methshot
Methshot

inevitably pops
I hope so

TurtleCat
TurtleCat

You sold below $2k, didn't you?

Raving_Cute
Raving_Cute

Is it late to start mining now?

lostmypassword
lostmypassword

They'll let you buy but won't let you offload
that's what noobs dont realize. They buy bitcoin and think it will be as easy to cash out large sums of fiat. The bubble will pop as soons as people will realize they can't transfer back in fiat currency.

iluvmen
iluvmen

A bit, yeah. Best thing you can do is get a rig and premine alt coins.

TalkBomber
TalkBomber

dont care how sketchy they are, is there a way I can get money to buy ethereum?

I can sell stuff, but only like 400$ worth

Is there a way to get access to cash? like a loan, credit card, etc?

I have some money on altcoins hoping for a moon, but thats probably not realistic

PurpleCharger
PurpleCharger

Is there a way to get access to cash? like a loan, credit card, etc?
Don't do this, friend.

Raving_Cute
Raving_Cute

MFW I lost around 500-600 coins
My butthole puckered when I read those numbers. You could've been a millionaire m8.

Booteefool
Booteefool

really?

why? its a dumb move but with the way eth is going now, it would probably work right?

plus, i already have some so if I really needed to pay something back i could sell a little

TurtleCat
TurtleCat

the way eth is going now
I want it to keep going up. I'm all but convinced it will keep going up. There's always the chance that it won't and that it will go down. What if it goes down so much that what you're currently holding and what you buy can't pay off that credit card?

Garbage Can Lid
Garbage Can Lid

Problem is that crash might be a year from now. Do not get into the business of top calling. It never ends well.

hairygrape
hairygrape

It did.

Mt. Goy was the only major liquidity provider. Once they were insolvent, you basically couldn't cash out to fiat.

Poloniex might do the same to the crypto market this time around, because of their USDT scam.

Lunatick
Lunatick

Didn't even have to wait days.

Methshot
Methshot

The sacred ladle graph, a well known use of measurement for sure.

RavySnake
RavySnake

What started this normie invasion?! Motherfuckers.

King_Martha
King_Martha

exactly me, and I came back about three times and sold right before big bucks were coming in.
Not this time though, this time, I'll fucking get rich or die trying!

eGremlin
eGremlin

USDT is managed by Bitfinex, not Poloniex.

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