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Wifi Toilet
Oct 1, 2004

Toilet Rascal
Oh god, it's gonna break 9000 this morning isn't it? :f5:

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Zelder
Jan 4, 2012

Trig Discipline posted:

No it very comedically dropped 1000 in 24 hours

Hahaha

bvj191jgl7bBsqF5m
Apr 16, 2017

Í̝̰ ͓̯̖̫̹̯̤A҉m̺̩͝ ͇̬A̡̮̞̠͚͉̱̫ K̶e͓ǵ.̻̱̪͖̹̟̕

Zelder posted:

Did it seriously drop 1000 in 24 hours?

Actually, 6 hours

Nephzinho
Jan 25, 2008





Wifi Toilet posted:

Oh god, it's gonna break 9000 this morning isn't it? :f5:

Perfect time to buy!

Waltzing Along
Jun 14, 2008

There's only one
Human race
Many faces
Everybody belongs here
Sadly, a lot of stupid people are losing a bunch of money.
Happily, a lot of assholes are losing money, too. Good. It doesn't always pay to try to rip other people off.

Wassbix
May 24, 2006
Thanks guy!
I figured it out, the SA forum's uptime is what was holding up bitcoin!!!

Mr.Lowtax tear down this forum for the good of the world.

Webcormac McCarthy
Nov 26, 2007
https://www.twitch.tv/cryptoworldnews
The log graph is out!
$28 GRAND, BUY BUY BUY

Satchel and Trunk
Nov 4, 2008

zaurg posted:


The more I follow this thread the more I realize none of you have any clue. The nocoiners. The bitcoiners. All loving clueless. Alpha Mayo has no clue what tether is or what will happen to it or when it happens how it will affect the crypto market.

This is just one big "throw poo poo on a wall and hope it sticks" fest and troll-fest. That's it. Ya'll disagree?

Son, I came here to sell mining rigs and troll shitcoiners. And Im all out of mining rigs.

Waltzing Along
Jun 14, 2008

There's only one
Human race
Many faces
Everybody belongs here
What I don't get is why people are buying at all?

It's pretty obviously dropping. Why not wait it out? Just in case it doesn't drop any longer?

Seems like throwing money away at this point.

Or are these buy orders that are stuck in the system to go through at certain thresholds and the order was never removed?

Sneaky Wombat
Jan 9, 2010

The articles around buttcoin are hilarious, "BITCOIN LIVE, DID INDIA MURDER THE COIN?!" :suspense:

Wassbix
May 24, 2006
Thanks guy!

Waltzing Along posted:

What I don't get is why people are buying at all?

It's pretty obviously dropping. Why not wait it out? Just in case it doesn't drop any longer?

Seems like throwing money away at this point.

Or are these buy orders that are stuck in the system to go through at certain thresholds and the order was never removed?

An asset class that exists solely for wild speculation does not follow any predictable patterns in the short-term. It doesn't matter how right anyone is in that it has no long term value and will inevitably crater to a dollar. While volatility is high there is potentially money to be made.

It's pretty much degen gambling (unless you are of the few that have inside information) and probably not at all an intelligent thing to do but the fact remains, there is much money to be made on any period of high volatility.

"Bulls make money Bears make money and Pigs get slaughtered"

In this case the Pigs are people who actually think Crypto has value beyond being a speculative casino

temple
Jul 29, 2006

I have actual skeletons in my closet
There's a wire in my brain that simulates sexual pleasure when I hodl bitcoin That's all I have now

temple fucked around with this message at 15:49 on Feb 1, 2018

uXs
May 3, 2005

Mark it zero!

Waltzing Along posted:

What I don't get is why people are buying at all?

It's pretty obviously dropping. Why not wait it out? Just in case it doesn't drop any longer?

Seems like throwing money away at this point.

Or are these buy orders that are stuck in the system to go through at certain thresholds and the order was never removed?

https://www.cnbc.com/2018/02/01/bitcoin-drops-9-percent-nears-crucial-make-or-break-level-of-9000.html

Because 9000 is the floor and the best opportunity to buy in before it goes back up.

TraderStav
May 19, 2006

It feels like I was standing my entire life and I just sat down
HODL yourself from buying bitcoin

Delthalaz
Mar 5, 2003






Slippery Tilde

uXs posted:

https://www.cnbc.com/2018/02/01/bitcoin-drops-9-percent-nears-crucial-make-or-break-level-of-9000.html

Because 9000 is the floor and the best opportunity to buy in before it goes back up.

LOL why is $9000 the new "make-or-break" level? I thought that was $10,000

Nephzinho
Jan 25, 2008





Delthalaz posted:

LOL why is $9000 the new "make-or-break" level? I thought that was $10,000

It's not because this is just a dip, all I see is bitcoin holding strong at $10k.

Sentient Data
Aug 31, 2011

My molecule scrambler ray will disintegrate your armor with one blow!

Delthalaz posted:

LOL why is $9000 the new "make-or-break" level? I thought that was $10,000

Because vegeta. Image macros and memes have taken over the world

Mozi
Apr 4, 2004

Forms change so fast
Time is moving past
Memory is smoke
Gonna get wider when I die
Nap Ghost
if i found a dragon ball my wish would be for bitcoin to be worth a billion dollars each but the blockchain completely corrupted so it's all unusable

Tafferling
Oct 22, 2008

DOOT DOOT
ALL ABOARD THE ISS POLOKONZERVA

Sneaky Wombat posted:

The articles around buttcoin are hilarious, "BITCOIN LIVE, DID INDIA MURDER THE COIN?!" :suspense:

No, India, you are the bitcoins
https://bitcoinist.com/india-wont-ban-bitcoin-embrace-blockchain/

VictorianQueerLit
Aug 25, 2017
People are buying for a bunch of different reasons which are all stupid. But even in the context of buying cryptocurrencies buying bitcoins is stupid so it's stupid inside stupid wrapped in stupid.

Mr Teatime
Apr 7, 2009

The only thing that is certain is bitcoin death and taxes.

Delthalaz
Mar 5, 2003






Slippery Tilde

Mr Teatime posted:

The only thing that is certain is bitcoin death and taxes.

Well look at the upside. If bitcoin keeps declining at this rate, the hodlers will never need to worry about paying taxes on their profits.

lazorexplosion
Mar 19, 2016

It's OK 11k 10k 9k is the floor for sure.

Oscar Wild
Apr 11, 2006

It's good to be a G

lazorexplosion posted:

It's OK 11k 10k 9k is the floor for sure.

It's funny because there is no floor, just a spongy expectation of value with no underlying asset or perceived scarcity. At least with stock you have expectations of future earnings and with currency you have the expectation of a growing economy or the country being able to raise revenue. Bitcoin has no value except faith.

shiksa
Nov 9, 2009

i went to one of these wrestling shows and it was... honestly? frickin boring. i wanna see ricky! i want to see his gold chains and respect for the ftw lifestyle
9100 wall died, :rip:

actionjackson
Jan 12, 2003

Why is buttcoin going down so much?

DebonaireD
May 7, 2007

That 9100 wall was a real bitch to break through, but it looks like people just might be able to afford graphics cards in the coming year.

Salt Fish
Sep 11, 2003

Cybernetic Crumb

actionjackson posted:

Why is buttcoin going down so much?

The mob cartel that controls the price is generously giving people a chance to buy the dip before they push it back on $20,000.

Wassbix
May 24, 2006
Thanks guy!

actionjackson posted:

Why is buttcoin going down so much?

India came out and said they will ban it.

The country suffers from tax evasion so rampant they had to get rid of their equivalent of the 100 dollar bill (with zero day notice). Similar to China, no sovereign nation is gonna allow an instrument of tax evasion/money laundering to exist.

The Taxman always wins

Andy Dufresne
Aug 4, 2010

The only good race pace is suicide pace, and today looks like a good day to die
The most hilarious final bitcoin nail will be the revelation that North Korea was a huge nation state investor. I don't know how credible the rumors are that they were heavily investing, but it seems likely given the sanctions imposed on them throughout the world.

Andy Dufresne
Aug 4, 2010

The only good race pace is suicide pace, and today looks like a good day to die
$9010

If it instantly breaks through $9k this morning I really can't imagine it not freefalling further.

(note that I'm in no way qualified to speculate on future prices of bitcoin. Nobody is.)


edit: Annnnnnnd $8900

shiksa
Nov 9, 2009

i went to one of these wrestling shows and it was... honestly? frickin boring. i wanna see ricky! i want to see his gold chains and respect for the ftw lifestyle
oh poo poo it just fell through 9k

Delthalaz
Mar 5, 2003






Slippery Tilde
Oh poo poo, it dropped below 9000

orange sky
May 7, 2007

weeeeeee

Alpha Mayo
Jan 15, 2007
hi how are you?
there was this racist piece of shit in your av so I fixed it
you're welcome
pay it forward~
IT'S UNDER 9000!

DebonaireD
May 7, 2007

Eat poo poo 9000 we did it yall!

Scipiotik
Mar 2, 2004

"I would have won the race but for that."
Wow, 9k just got smashed on gdax

There Bias Two
Jan 13, 2009
I'm not a good person

$8900 on GDAX!

Oscar Wild
Apr 11, 2006

It's good to be a G
$9k is a psychological floor, there is no real floor. Just an entry point for greed-head suckers.

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Delthalaz
Mar 5, 2003






Slippery Tilde
So the "make or break" level of 9k was busted through, does that count as a "break"

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