Bitcoins are officially donkdown

[Dan Druff]

[simpdog]

Bitstamp showing 394.

Some daytrading going on? Bouncing around quite a bit.

[Dan Druff]

$396 on Coinbase.

I just turned on the rerun of radio, and I heard myself saying, "In several years, we will look back on bitcoin investors the same way we look at 2000-era dotcom investors today."

[sonatine]

Bitstamp showing 394.

Some daytrading going on? Bouncing around quite a bit.

yeah all the chemtrails are really interfering with the blockchain flux capacitors today.

[DRK Star]

440

[Starbucks Spunk Bucket]

$495 suckasssss

[jacosta24]

Hopefully one day I will wake up and i'll be millionaire.

[Sanlmar]

Knowing how Druff loves a win no matter how small, I can't stop laughing about the $50 I shipped to Druff to settle my Sizzle Cueto bet.

I felt so bad using Bitcoin. He even called me out on it. I included a $2 premium to cover any variance.

That $52 is now $78.64.

Somebody just wet himself.

Edit: remember the Feds are unloading 44,000 Bitcoin tomorrow. Should be fun.

[MumblesBadly]

Knowing how Druff loves a win no matter how small, I can't stop laughing about the $50 I shipped to Druff to settle my Sizzle Cueto bet.

I felt so bad using Bitcoin. He even called me out on it. I included a $2 premium to cover any variance.

That $52 is now $78.64.

Somebody just wet himself.

Edit: remember the Feds are unloading 44,000 Bitcoin tomorrow. Should be fun.

But not directly onto an exchange tomorrow. They will be a private auction of the Bitcoin in mostly 2000 unit bundles. Ans bidders won't know if they have win until the next day. And then more time for the transactions to take place. And this auction has been known to occur for some time, which probably means the expected price effect of this additional supply is already reflected in exchange prices. So, it's not clear how this auction will affect the exchange prices.

http://techcrunch.com/2015/10/05/us-.../#.1abyk7:srFm

[DRK Star]

hit 495 then plummeted quick down to 460

[Sanlmar]

Why don't the brick and mortar casinos in Macau accept Bitcoin from the whales? Take a page from online. Caesars ain't that quick obv.

I can visualize a scenario where instead of the Chinese using the UnionPay credit card end run of the Chinese $3200 limit - they are using Bitcoin. This lit the fuse.

So the chinese juice the Bitcoin price with gambling funds then being the gamblers they see the run up and bid it up more.

Except the gambling funds go to cash on the other side.

The Portugese press is aware of the Bitcoin phenomenon and report the installation of Bitcoin ATM's in the very pawn shops that were running the UnionPay credit card game.

All leads to a crackdown by Chinese government on the Exchanges like OKCoin.

Just wasted 15 minutes thinking about Bitcoin.

[sonatine]

Why don't the brick and mortar casinos in Macau accept Bitcoin from the whales?

I'm not even sure which reason to list first.

[Forum Wars]

Thread: A Message from Dustin "neverwin" Woolf 07-10-2015, 12:55 PM

My Final Warning: Last Chance: Say Goodnight to Cheap Bitcoins:

Hello internet voyeurs, gossip addicts, information seekers, and curious minded killers of time, if you happen to stumble across this message it might mean your life has been "perfectly" or "purposely" positioned with some sort of possibility that could drastically change the trajectory of your current path. Of course most will continue on exactly the same as before reading this message. But for those that feel a spark when they hear the word BITCOIN I have a little story to share with you....

Back in March I made a prediction about the price of Bitcoin and for those that listened your patience is finally being rewarded. Everything I have said before still stands. I was likely a few months too soon when calling a bitcoin surge back in March. The ones who doubted then, likely are still doubting today, but that is all about to change. The majority of skeptics simply do not understand the entirety of this technology or have fooled themselves because of some other biased conflicting interest. Bitcoin's potential and its significance lie far beyond the FinTech industry, and this disruptive technology is about to burst another bubble. This one will be number 4 that I have witnessed. Let's quickly take a look at that history...

The first time I heard of bitcoin was back in 2011 when bitcoin was less than 5 dollars, and boom it shot up to 30 bucks and then for another year or so it went back to 5 dollars. Of course back then I laughed about bitcoin becoming worth anything more than a few bucks back then and simply ignored it.

It wasn't until the beginning of 2013 that it captured my interest again. I started taking it a little more seriously when I watched the price had broken through 30 bucks about a week earlier and was now heading up to 100, and boom within a week hit 260 and a week later back down under 100 and again stayed there for a good 6 months. But this time I started learning about bitcoin. And 6 months later bitcoin starting climbing faster and faster towards the 260 mark and bam within a few weeks after it broke 260, we were looking at 1000 to 1200 dollar bitcoins. This was almost 2 years ago when it went from 100 to 1200 in short order. Since then it has been a slow bleed back all the way down to under 200 a coin again.

So bubble number 1 saw btc take off from $5 to $30. Number 2 from $30 to $266, and then $266 to $1200. I understand it would need to get past $1200 for the same comparisons to be made. The price is just something we can look at to measure and keep score. Whether you have or haven't looked at what this Bitcoin thing is all about, maybe it is time to look a little more closely....stay tuned.....

Moderately prescient...Oracale-ish?:



...or Broken Watch Analogy...

[sonatine]

we've seen china pump up the market before, and every single time it eventually crashes.

a market shift predicated on regulatory/policy movement is a bankable. a market built on chinese citizens trying to insulate wealth against the whimsy of the yuan is not.


and the 20% market crash in the last 45 minutes should be the more than suitable evidence of this.

[Dan Druff]

aaaaaand boom goes the self corrective dynamite.

[Dan Druff]

Thread: A Message from Dustin "neverwin" Woolf 07-10-2015, 12:55 PM


Moderately prescient...Oracale-ish?:



...or Broken Watch Analogy...

Dustin came back to Facebook 2 days ago to take credit for being right, and stated that the Bitcoin revolution was beginning.

We will see if it even manages to stabilize higher than where it was pre-runup.

[sonatine]

these are seriously the craziest fucking swings ive ever seen.

[Sanlmar]

these are seriously the craziest fucking swings ive ever seen.

If you accept the Chinese are the driving force, at least initially and you remember OKCoin and the other shady exchanges in China - the void left by Karpeles could soon be filled.

I mean, you Google OkCoin & Fraud and you just get too exhausted to look further.

[DRK Star]

How is Dogecoin doing?

[sonatine]

How is Dogecoin doing?