|
Short sell bitcoin if yall think it's a bubble and gonna pop! do it!
|
#
?
Dec 7, 2017 19:01
|
|
|
|
| # ? Apr 23, 2024 22:01 |
|
|
quote:Coinbase says bitcoin sales are temporarily disabled quote:The price peaked around 19.7k, dipped to 15.3k and now is frozen around 16.3k. https://www.youtube.com/watch?v=2Ko9TpduOhE COMRADES fucked around with this message at 19:07 on Dec 7, 2017 |
|
#
?
Dec 7, 2017 19:04
|
|
|
Swings so large they'd halt trading at stock exchanges are good for bitcoin because
|
|
#
?
Dec 7, 2017 19:08
|
|
|
LinYutang posted:Short sell bitcoin if yall think it's a bubble and gonna pop! do it! Which would require depositing real money into a company whose primary business is Bitcoin. Independent of the underlying thing that is cryptocurrency, is there a single company in this sector that you'd trust to hold a significant chunk of your money?
|
|
#
?
Dec 7, 2017 19:10
|
|
|
everything is good for bitcoin including crashing and bankrupting investors because now you can buy cheaper bitcoins
|
|
#
?
Dec 7, 2017 19:12
|
|
|
LinYutang posted:Short sell bitcoin if yall think it's a bubble and gonna pop! do it! bitcoin price isn't really predictable in either direction which is why it's not a good investment, nobody here is saying it won't go up or that it will crash at any certain time, despite Ham Sandwiches trying to force those words into everyone's mouth with all the possible force in the universe
|
|
#
?
Dec 7, 2017 19:19
|
|
|
Stefan Prodan posted:bitcoin price isn't really predictable in either direction which is why it's not a good investment, nobody here is saying it won't go up or that it will crash at any certain time, despite Ham Sandwiches trying to force those words into everyone's mouth with all the possible force in the universe Oh no, actually, it turns out that everything is bad for Bitcoin. When it goes up that's bad, when it goes down that's bad, there's only one state that bitcoin news comes in, and that's bad. Things are looking grim for this (now literal) digital beanie baby coin and cryptos in general.
|
|
#
?
Dec 7, 2017 19:23
|
|
|
This is Bulgarian: http://forum.bitcoin.bg/index.php/topic,214.msg550.html Translation: quote:"Effective last night all banks in Bulgaria blocked the accounts of companies whose business is related to the sale of Bitcoin. Transfers to international Bitcoin exchanges are banned by the banks."
|
|
#
?
Dec 7, 2017 19:25
|
|
|
If yall think me betting all my savings on black is bad idea, why don't you bet all your savings on red? Oh you won't do that either? Looks like I'm proven right again 
|
|
#
?
Dec 7, 2017 19:33
|
|
|
lazorexplosion posted:If yall think me betting all my savings on black is bad idea, why don't you bet all your savings on red? Oh you won't do that either? Looks like I'm proven right again This is a good comparison thank you
|
|
#
?
Dec 7, 2017 19:36
|
|
|
QuarkJets posted:This is the promised "lightning network", and in order to facilitate these faster transactions the customer has to put in the maximum amount of money that they think they'll want to spend during that period of high transactions. So if you want to be able to buy up to $1000 in stuff from Target this month, you deposit $1000 worth of Bitcoin to create a sidechain that lasts for 1 month and at the end of the month Target gets whatever percentage of that bitcoin you've actually spent. It's like the exact opposite of credit look, the economics of lightning will totally work, you need to read i dunno some articles on it, there's lots around, do your research
|
|
#
?
Dec 7, 2017 19:37
|
|
|
So what happens if you are waiting for your slow-rear end transaction to process and in the meantime the price of bitcoin swings so much you end up paying $300 for a cup of coffee? Am I just a dumb fiat supporter who doesn't understand?
|
|
#
?
Dec 7, 2017 19:38
|
|
|
Ham Sandwiches posted:Well when the price of bitcoin goes up, that's super bad, because it's a ponzi scheme and a bubble Actually it's the volatility that's bad, but only if you want to use bitcoin as a currency. If you want to daytrade bitcoin as a speculative asset then the volatility is actually good. And if you want to speculate then the bubble is good and the crashes are bad, whereas if you don't want to watch the world burn then the crashes are good because maybe the madness will end and we'll stop wasting ridiculous amounts of power on a job that could be accomplished with the equivalent processing power of a 1985 Nintendo Entertainment System
|
|
#
?
Dec 7, 2017 19:38
|
|
|
I figured Sammy would be too busy masturbating today to come here and battle windmills. Ohwell, this is why I don't trade insanity futures.
|
|
#
?
Dec 7, 2017 19:40
|
|
|
Justin Tyme posted:So what happens if you are waiting for your slow-rear end transaction to process and in the meantime the price of bitcoin swings so much you end up paying $300 for a cup of coffee? Am I just a dumb fiat supporter who doesn't understand? No, you clearly understand the simple truth that volatility makes for a bad currency
|
|
#
?
Dec 7, 2017 19:40
|
|
|
QuarkJets posted:No, you clearly understand the simple truth that volatility makes for a bad currency I long bitcoin for this reason. we will see a correction and then the believers can get richer meanwhile unconfirmed tx counts are at 200k at time of this writing https://blockchain.info/unconfirmed-transactions
|
|
#
?
Dec 7, 2017 19:45
|
|
|
http://www.businessinsider.com/valve-owned-steam-has-stopped-accepting-bitcoin-2017-12 This is good for Bitcoin because  ?
|
|
#
?
Dec 7, 2017 19:46
|
|
|
dhrusis posted:I long bitcoin for this reason. we will see a correction and then the believers can get richer Help me out, is this people trying to sell sell sell?
|
|
#
?
Dec 7, 2017 19:49
|
|
|
Bitcoin is a very cool and interesting software project. Clearly it is not ready for prime time as an actual currency for wide-scale real world use. The blockchain technology will continue to evolve, Ethereum is a good example of the next steps it can take
|
|
#
?
Dec 7, 2017 19:50
|
|
|
Justin Tyme posted:So what happens if you are waiting for your slow-rear end transaction to process and in the meantime the price of bitcoin swings so much you end up paying $300 for a cup of coffee? Am I just a dumb fiat supporter who doesn't understand? The price is locked in when you initiate a translation, not when it completes. e: That's also why it's not the end of the world that it takes a few days for your bank deposit to arrive on Coinbase.
|
|
#
?
Dec 7, 2017 19:50
|
|
|
wide stance posted:The price is locked in when you initiate a translation, not when it completes. Ok but if you gave me $5 worth of BTC, but the next day it was worth $500, would you feel great for using that amount of BTC on my pokemon card or whatever
|
|
#
?
Dec 7, 2017 19:53
|
|
|
lol bitcoin owns
|
|
#
?
Dec 7, 2017 19:54
|
|
|
Magnitogorsk. posted:Bitcoin is a very cool and interesting software project. Clearly it is not ready for prime time as an actual currency for wide-scale real world use. The blockchain technology will continue to evolve, Ethereum is a good example of the next steps it can take It already went through the choking itself to death with virtual cats stage a while ago, except with satoshi dice.
|
|
#
?
Dec 7, 2017 19:55
|
|
|
LinYutang posted:Short sell bitcoin if yall think it's a bubble and gonna pop! do it! Soon.
|
|
#
?
Dec 7, 2017 20:04
|
|
|
Magnitogorsk. posted:Bitcoin is a very cool and interesting software project. Clearly it is not ready for prime time as an actual currency for wide-scale real world use. The blockchain technology will continue to evolve, Ethereum is a good example of the next steps it can take But it's not. It's really, really not. Distributed networks where nobody trusts anyone else are inefficient by design, since everyone has to repeat the work. This necessarily means we're wasting a ton of energy and hardware to verify what everyone else has done. Network effect means more widespread adoption scales that wasted energy and hardware exponentially. If we lived in a Mad Max society this could prove to be incredibly useful if the fundamental scalability problems could be solved, but the problem would then become reliable access to electricity and the network. It's much more efficient to use centralized ledgers and other mechanisms to ensure trust. This isn't even getting into the "features" of unrecoverable coins and no transaction rollbacks. Those independently kill any real use case.
|
|
#
?
Dec 7, 2017 20:04
|
|
|
exploded mummy posted:It already went through the choking itself to death with virtual cats stage a while ago, except with satoshi dice. its choked now with actual trading. too soon for prime time but still very valuable
|
|
#
?
Dec 7, 2017 20:04
|
|
|
I just cashed out all my initial investment of about 250 dollars so anything I make after this is “profit”. Plus my video cards paid for themselves. I seriously can’t believe that one idiot who said BTC at 100,000, but here we are, 20% of the way there It was so stupid when it was at 3,000
|
|
#
?
Dec 7, 2017 20:07
|
|
|
bitcoin is going to at least $100,000 you stupid loving ants  enjoy missing out
|
|
#
?
Dec 7, 2017 20:10
|
|
|
The first few pages of this thread are loving hilarious now.
|
|
#
?
Dec 7, 2017 20:11
|
|
|
HCFJ posted:The first few pages of this thread are loving hilarious now. You should check out the past years threads before Bitcoin hit $20 for some good luls
|
|
#
?
Dec 7, 2017 20:14
|
|
|
stupid paranoid fucks!!!  iota is the future currency,  sorry you're going to miss out ...... now 
|
|
#
?
Dec 7, 2017 20:15
|
|
|
COMRADES posted:
Is his plan just to buy goods a little bit at a time directly with Bitcoins hoping that the IRS won't notice?
|
|
#
?
Dec 7, 2017 20:15
|
|
|
If you want to see the 5 stages of grief, they're all on the front page of that subreddit
|
|
#
?
Dec 7, 2017 20:40
|
|
|
grumplestiltzkin posted:http://www.businessinsider.com/valve-owned-steam-has-stopped-accepting-bitcoin-2017-12 People trying to use bitcoin as a currency is downward pressure on the price. With less people liquidating bitcoin it can only go up, uP, UP.
|
|
#
?
Dec 7, 2017 20:52
|
|
|
Andy Dufresne posted:Which would require depositing real money into a company whose primary business is Bitcoin. Independent of the underlying thing that is cryptocurrency, is there a single company in this sector that you'd trust to hold a significant chunk of your money? $10 spent shorting in an exchange won't hurt since yall are confident in the Impending Death Of Bitcoin
|
|
#
?
Dec 7, 2017 20:55
|
|
|
LinYutang posted:$10 spent shorting in an exchange won't hurt since yall are confident in the Impending Death Of Bitcoin Shorting has a theoretically infinite downside.
|
|
#
?
Dec 7, 2017 20:59
|
|
|
Dmitri-9 posted:Shorting has a theoretically infinite downside. Except that Bitcoin Will Definitely Fail so there is no downside Short the crypto, do it
|
|
#
?
Dec 7, 2017 21:01
|
|
|
LinYutang posted:Except that Bitcoin Will Definitely Fail so there is no downside While the price is being nakedly manipulated? I'm betting the price goes down while an exchange is printing $60 million dollars. Sounds like a smart bet.
|
|
#
?
Dec 7, 2017 21:06
|
|
|
Dmitri-9 posted:While the price is being nakedly manipulated? I'm betting the price goes down while an exchange is printing $60 million dollars. Sounds like a smart bet. I bet you won't short it. loving coward. Actually don't , don't put your money into this nonsense
|
|
#
?
Dec 7, 2017 21:12
|
|
|
|
| # ? Apr 23, 2024 22:01 |
|
|
kolby posted:If you want to see the 5 stages of grief, they're all on the front page of that subreddit This is the same bullshit for every exchange failure so why not apply it for nicehash. I doubt there's going to be any recovery. I did try out nicehash a couple of weekends ago and had a whole $2.50 worth of btc. It'll suck when that's equivalent to $70,000 next week. Some details of the transactions looting the nicehash wallet. https://www.justcryptonews.com/292/nicehash-hack-heres-how-they-stole-4736-btc-community-doubt The wallet address has a market value of $75m USD so maybe it was just time to cut and run. https://bitinfocharts.com/bitcoin/address/1EnJHhq8Jq8vDuZA5ahVh6H4t6jh1mB4rq Devian666 fucked around with this message at 21:17 on Dec 7, 2017 |
|
#
?
Dec 7, 2017 21:13
|
|
