Bitcoin Smashes $4000 and still going.

Yep, looks like we might be headed for a blow off top sooner rather than later. Which is almost a bit of a shame.

BTC is starting to cannibalise the alts and we've seen this before when getting near a medium term top.

I'm still looking for $5000 but at this rate it'll only be days, not months away.
 
JulieW said:
As the Irish would say; "Whale. Oil. Beef. Hooked."
Last time I saw a bubble like this was Poseidon Mining in the Sixties. What's the prediction? 20k?
Click to expand...

But the trick this time is that you can't make more bitcoin, that kinda makes it a bit different.
 
Love it!

Although Kinda scary too in a way. Once we hit $100 billion market cap, you're starting to see a rather large slice of the world's available wealth seeking safe-haven assets. Which is a bad sign for times ahead.
 
southerncross said:
Question is, what will that .18 be worth in five years ? how many digits is the pin ?
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6...

I've read up on a few ways I can pull the pin from the apps local data on my phone, just haven't got around to it yet.

Which is kind of good? I discovered I had forgotten the pin when I got excited and tried to dump at $2k USD...

And look at it now!
 
I'd get that sorted ASAP M8, what if you lost your phone ?

This current rise cant go on forever and as it slows down again I reckon there will be a lot of money sloshing back out of BTC into the other coins as people take advantage of the shopping bargains to be had. Bugged said it perfectly earlier today that BTC had been Cannibalising most of the other's on it's way up as people swapped out to take advantage of the rise iin BTC.

So where do people think the money will be flowing to as the inevitable slowdown or 'correction' in BTC happens ? It would be good to have a few prime targets to get into before the waves start hitting as some of the new value in BTC washes back into some of the other crypto's again.

ETH, NEO, LTC, IOTA, TENX ? are some I am looking at.

Thoughts ?
 
I think it possibly flows out to safe havens rather than alts. It's a bit like the tide. Hopefully this wave won't be the king tide :)
 
Another great clip willrocks. Love that show. Bit of a must-watch for forum members into cryptos.
 
BOOOYAHHHH.

That should attract the institutional investors to pay attention.
 
Julian Assange
@JulianAssange

My deepest thanks to the US government, Senator McCain and Senator Lieberman for pushing Visa, MasterCard, Payal, AmEx, Mooneybookers, et al, into erecting an illegal banking blockade against @WikiLeaks starting in 2010. It caused us to invest in Bitcoin -- with > 50000% return.
 
$6000 smashed! Bitcoin's market just went over 100 billion all by it's self.
 
An interesting phenomenon a few others here have noticed with the recent jump/fall of BTC is that Fiat has stayed in the Crypto system instead of fleeing out of it.
BTC's recent pullback from the last all time high saw the funds flow back into the crypto ecosystem instead of deflating the whole market, and now we see other crypto's dropping as BTC once again hits new highs.
Is this a sign of a maturing class of Crypto investors being less panicked by the ebb's and flows of the market or just that there are a lot more people holding tight and not interested in selling out at the faintest whiff of any drop?
 
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