Bitcoin breaks $5500, less than one day after it broke $5000.


View original post [i.redd.it]




Comments:

13 Oct 2017 21:20 - +1
We all know in about 2 weeks time this is going to fizzle out back down to around $3400. Which at that time we all will buy more, and the ones that don't will complain they should've bought more. One or two people will complain they went all in at $5900, and then it'll rise back up and break $6k before we know it. Rinse and repeat.
13 Oct 2017 16:47 - +1
I'm hoping for two things: 1) I hope these kind investors willing to get in at above 5000usd knows how to HODL and are not trigger happy with the "Sell" buttons 2) I hope this surge is not caused by a Goldman Sachs / Soros like entity, who have the power to take down entire stock exchanges by pumping and dumping. Currently the market cap is vulnerable to gigantic players.
13 Oct 2017 11:20 - +1
Why now though? I know the reason it's increasing is because people are buying but why right now, on this day, is it spiking so suddenly?
13 Oct 2017 11:20 - +1
Don't jinx it. It crashes every time I see this guy goes up
13 Oct 2017 11:46 - +1
What the actual fuck is happening?
13 Oct 2017 11:21 - +1
As usual, hodlers are rewarded.
13 Oct 2017 12:55 - +1
10,000 BTC.. for a pizza. From Papa Johns.
13 Oct 2017 13:40 - +1
!RemindMe 1 Month
13 Oct 2017 11:46 - +1
5800 now my dudes
13 Oct 2017 11:10 - +1
5609!!!
13 Oct 2017 11:10 - +1
5500 to 5600 in like 15 minutes on bitfinex lol
13 Oct 2017 18:39 - +1
My BTC holdings has gone up by 50%. I had to do a double take today. It's actually just enough to pay off my house... Holy hell! BRB. Paying off my house with the BTC profits.
13 Oct 2017 11:25 - +1
Makes me think that the day we break $10k, it'll run to $12k later that day.
13 Oct 2017 13:48 - +1
This feels like blatant manipulation. This like amateur OTC markets stuff. Tread carefully.
13 Oct 2017 13:26 - +1
Holy fuck! I’m selling my house to get on this. Oh wait I don’t have a house.
13 Oct 2017 15:15 - +1
I hate to be a party pooper but wasn't bitcoins value in being a frictionless form of exchange for goods and services on the internet. Now you can't buy shit with it because its too volatile for traders to price into a product. And commissions for its conversion to FIAT are destroying it as form of remittance. So in the end what good is it in its present form? A store of value? At least with gold you can make high end electronics.
13 Oct 2017 13:47 - +1
This happened because I sold BTC three days ago. You are most welcome, fuckers.
13 Oct 2017 12:26 - +1
This is insane. There are now more cryptocurrencies out there than I can keep up with. It's all starting to look more and more like a scam, sorry to say.
13 Oct 2017 13:18 - +1
In 2010 I almost purchased 1,000 bitcoin, but didnt. Posts like this make me feel physically ill. Like no joke I feel like vomiting right now.
13 Oct 2017 13:03 - +1
I bet on a selloff at $6k, small dip then the next rise
13 Oct 2017 11:20 - +1
Seems like only yesterday I was excited to see 1400
13 Oct 2017 11:36 - +1
5700 here we go!
13 Oct 2017 15:05 - +1
My 77 cents turned into 97 cents, lets go!
13 Oct 2017 17:32 - +1
Hey /r/all, feel free to check out [/r/Bitcoin's FAQ thread](https://www.reddit.com/r/Bitcoin/comments/6jlop4/rbitcoin_faq_newcomers_please_read/) if you're interested in learning more. Lots of exciting things have happened this year and there's more to come, so be sure to subscribe and follow along. Never a boring day in Bitcoin!
13 Oct 2017 11:25 - +1
I'm going to sleep now guys.. I wonder if I'll wake up to 6k$
13 Oct 2017 18:05 - +1
Hey. 2012 myself. Buy bitcoin you idiot. Hey it's 2017 yourself. I still don't know how. Oh.
13 Oct 2017 11:26 - +1
Until now I still don't get the reason for this insane rise... Is there still anyone (like me) who is still worry about the upcoming fork? Or has it been cancelled?
13 Oct 2017 11:23 - +1
5600... mom, get the camera!
13 Oct 2017 13:47 - +1
Maybe John McAfee won't have to eat his dick on national television
13 Oct 2017 11:44 - +1
This rally has got me fucking pumped. 5-5850 like butter we are 150 away from 6k.
13 Oct 2017 11:40 - +1
Don't even bother posting about the price until it shows signs of slowing down.
13 Oct 2017 11:43 - +1
5843!!
13 Oct 2017 11:33 - +1
Give it a few months and rotate the .gif 180 degrees.
13 Oct 2017 11:58 - +1
To the moon!
13 Oct 2017 11:26 - +1
See you soon 5700!
13 Oct 2017 14:08 - +1
I was so excited when it broke 5k yesterday. Imagine my shock when I woke up today to $5700. $6000, let's get it!
13 Oct 2017 13:25 - +1
The prophet /u/ridenourt: https://www.reddit.com/r/Bitcoin/comments/6zshlu/time_to_buy/
13 Oct 2017 15:00 - +1
i’m just waiting for it to fall again so i can get into this game and stop waiting for that “One day”... i’m so upset i didn’t start four years ago...
13 Oct 2017 13:24 - +1
Shit i should have bought at 2500
13 Oct 2017 15:49 - +1
Someone explain this to me. If one person held all the bitcoins in the world, it would be useless because it has no value. You could have all the [meme]coins ever invented, if you are the only person who trades it, it becomes meaningless since no other person can get any return out of it. Things that are artificially made/sourced in a market without fair competition have value because of the demand for them. How scarce it is is explicitly NOT a factor. Diamonds are not rare at all, there is just a high demand for them and maximum profits are obtained at selling at a high price (prices are absolutely not subject to competition and demand). The question I want to ask people, is why is demand for bitcoin so high? Who are the people out there paying for it? Is it as I fear, and the people who have the highest demand for it, are actually bitcoin miners themselves, thus in a feedback loop? If this is actually the case, I think there is a serious problem and bitcoin is 100% in a bubble. If you have a scheme where new entrants pay real money to get some [meme]coin and the only way to increase your share of [meme]coin is by encouraging other new entrants to pay more money to increase the value of your [meme]coin, this goes right the way to the top where the overall owner is filthy rich. I'm making some stretches there but the points I make about who is dragging the price up has to be addressed and the answer absolutely can not be 'supply and demand' because supply is 100% not involved here (there are no competing sources), the demand is.
13 Oct 2017 13:30 - +1
keep in mind that unless you sell, these are all paper gains
13 Oct 2017 15:08 - +1
But does what does it means for people who are not speculators, holders and miners ? For the common people who will one day have to use it. High volatility is a cause of concern of you want people to trust your currency for a day to day use.
13 Oct 2017 11:08 - +1
yeah boiiii
13 Oct 2017 11:13 - +1
5400...5500...5600...?
13 Oct 2017 12:33 - +1
Crash is coming.
13 Oct 2017 12:50 - +1
Edit: breaks $5900 😁
13 Oct 2017 12:57 - +1
This has probably been answered so many times but when is the last day in which I'd need to get my coin into a hardwallet. It's on the way in the mail. Is it easy to transfer from coinbase?

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