I hate when people say “ohh bitcoins dropping” I simply respond it’s still up 30% from when it was at 10k. 30% is crazy gains! Like common some people don’t understand even 8% a year in gains in considered phenomenal. Just go with the waves brothers

I hate when people say “ohh bitcoins dropping” I simply respond it’s still up 30% from when it was at 10k. 30% is crazy gains! Like common some people don’t understand even 8% a year in gains in considered phenomenal. Just go with the waves brothers submitted by /u/legitcreed444
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Bitcoin – The Currency of the Internet

More People Using Credit Cards to Buy Bitcoin; Good Idea?

In 2017, Bitcoin observers warned that one of the worst things people could do when it came to getting in on the crypto craze was to use their credit cards to buy it. So interested in the process that Google reported that the phrase “how to buy Bitcoin with a credit card” was one of the top trending searches …
Google Alert – bitcoin

A factor driving bitcoin's rally could be that people think owning it gives them social status

Analysts from Bernstein Research compared the recent demand for bitcoin to markets in China's anti-ageing medicine and high-end liquor. Their research considered the characteristics of a Veblen good — a product which gains its appeal from the social status attained by owning it. The analysts also …
Google Alert – bitcoin

Most people who buy Bitcoin don’t share its political vision; they buy it to get rich. But Bitcoin doesn’t care, they are fueling its rise as a monetary standard. Bitcoin doesn’t need your intellectual acceptance; your self-interest will force you to use it sooner or later.

Most people who buy Bitcoin don't share its political vision; they buy it to get rich. But Bitcoin doesn't care, they are fueling its rise as a monetary standard. Bitcoin doesn't need your intellectual acceptance; your self-interest will force you to use it sooner or later. submitted by /u/xentagz
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Bitcoin – The Currency of the Internet

There are a lot of people selling to take profits in 2017

This is common investor behavior, it happens in every asset class. The Dow went down yesterday as well for the same reason. There are good tax reasons to sell some profits in 2017 and pay the estimated tax early – to avoid penalties. Especially with Bitcoin Cash and the uncertainty of how that will be taxed. There are also a lot of investors who are going to report and pay taxes on everything they bought and sold in the crypto world.

This isn't a "Crash" – this is normal investor behavior.

This is also just my opinion, but I have been investing in many things over the past 2 decades.

Happy New Year!

submitted by /u/gopher33j
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Bitcoin – The Currency of the Internet

Billionaire Tilman Fertitta: Bitcoin's here to stay, but a lot of people won't buy in until it's insured

For billionaire restaurateur Tilman Fertitta, the rise of cryptocurrencies like bitcoin has striking similarities to the dot-com bubble of the late 1990s. "I think it's here to stay," the founder and CEO of Landry's told CNBC's "Power Lunch" on Thursday. "It's no different than anything new. Everybody forgets that …
Google Alert – bitcoin

LOL at people selling only because Korea decided that trading is not allowed for minors under 19 y !!!

Skip the shitty news sites and go check the statement on the front page of https://www.bithumb.com/

And thanks for all those cheap coins

Fun fact … it is currently trading in korea at ~18.5K (4K above your selling price!!)

submitted by /u/antonesamy
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Bitcoin – The Currency of the Internet