"Frankly, I think this will make for a great case study in just how far the market can speculate until a crash occurs."

Speculate on something that hardly can even be considered to exist, no less.

BTC about to reach $20k

Anyone else excited?

When's it going to burst lol.
Let's bet some bitcoin on it.

back we say "bubble"?

This is definitely speculator-driven. I think there's real demand for these currencies that has driven a real increase in the USD : Bitcoin exchange rate, but the current jumps are surprisingly high even for that.

You don't just gain $5k in value in 48 hours and not be speculation driven

Actually it's currently crashing and has lost more than $1000 in half an hour, there's the volatility of cryptocurrency for you

is this the final crash? or are we still going to see some upward movement??? here we go...

Yep, I've been playing it for the last hour or so. It's currently dropped quite a bit over the evening. To think it's a final crash is a bit premature.

$2000 down in a few hours

I had a feeling this was going to pop at some point, wether or not this is it I am not sure

Nope, it's heading back up lol

If people have bitcoin and want to try to make a few quick bucks, keep buying litecoin with bitcoin and go back and forth between them. It's a lot less risky than going between bitcoin and cash, because the relative values between them is usually pretty consistent but still frequently changing, so if you're patient you can just wait to buy cheap and then sell when it's up.
That's been my evening and it's worked pretty well for me so far.

these are the days that turn day traders' hair white

actually weeks.

maybe months. WHEN WILL IT END???

I don't know. I'm scared to go to bed because I want to sell before it crashes lol.

Like when I wake up it might be 20000 or 0, I have no idea.
This is so exciting.
I'll keep webdip updated because I'm sure they're all deeply interested.

Bitcoin will be traded on the futures market soon by institutions. It's price will skyrocket when that happens. Hold your coins.

@JK

I noticed that... by the 10th I think.

interestingly enough, shares in ETFs are fairly commonly used as collateral, and if people start getting careless and using bitcoin-based funds as collateral... well, they'll have a nice play to set them right next to their tulip bulbs, if you understand what I mean.

it could also turn this bubble from a fun thing to watch grow, to a legitimately serious problem for our financial system - not just Russia and china where it's been growing big

bitcoin heading back down to 10k lol.

Money is worth less when it can be easily stolen. It's not like you can hide your bit coins under your mattress to keep it safe.

The Wall Street Journal ran a humor piece about all the bit coin holders that can remember their security codes to cash out. Or no longer can get to the file because it got deleted for more important information. Best one is the guy paying to excavate a garbage dump to find his old laptop computer with then 10 million dollars in bit coins.

Yeah so the other week my wealthy boss asks me to explain to him what BitCoin even is. Then the following week he buys a bunch because his wealthy friend also bought some.

Remember the prognosticators who said that the real estate bubble couldn't possibly be a bubble because there's no way to create more real estate?

"It's not like you can hide your bit coins under your mattress to keep it safe."

Uh yes you can. Write down public address, write down pass phrase, put paper under mattress. --> Bitcoins are save under your mattress

The dip is over I think. Now is the best time to buy in. It went 2 times shortly under 9k euros but quickly regained back to 11k

There are two different views I see "experts" taking.

The optimistic view is, before now a very large % of bitcoin was held by a small group of people, and before the new years a lot of them cashed out flooding the market. (Before new years is the time they do it for tax reasons or something?) It's now set to be even more stable as it's more distributed among people.

The pessimistic view is this the bear trap before the final increase and crash.
https://i.imgur.com/STqDrIw.png
https://i.imgur.com/sKtyft3.gif

it jumped from 11,000 to 14,300 in about 6 hours

I also just got done watching Arsenal v Liverpool, with 4 goals in 7 minutes.

the universe may or may not have a cocaine addiction because shit has been going wild

A pretty great time to be switching between LTC and BTC.