Sonatine, do you own any bitcoin? Just wondering..
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Sonatine, do you own any bitcoin? Just wondering..
Gonna shoot a PM to Monsterj for his take. Basically, he trades volatility
I can’t think of the proper words. Kind of historic madness
@Sanlmar
One thing that baffles me with this futures offering is this... either they don't care or don't know better, haven't decided.
It is known that probably several hundred at most BTC whales have the ability to manipulate up's and down's, accept it, it has been seen many many times, when they dump they dump, when they buy they buy and the entire board is affected. It has also been mentioned and admitted by some of them that they talk, a lot and have for years. This includes not just early adapters/bitcoiners but miners, big one's.
Now maybe I am crazy but as long as the bet in futures is manageable they can 100% manipulate a drop or rise to the tune of at this time say $2k-$4k, now I wonder what type of regulation or watchdog is in place and if the exchanges they chose like kraken Gdax Gemini are what they found to be the least "suspect" and it is why they used them?
At any rate these whales must be lovin futures and I have no doubt we will see laws if even in place, broke.
Why would the futures exchange care? They're just matching buyers with sellers and taking a fee. They won't care if its bitcoins, shitcoins, pork bellies or frozen concentrated orange juice.Quote:
Originally Posted by DonaldTrumpsHairPiece
No one has to do any due diligence anymore? I thought ignorance was no excuse for breaking or aiding in the breaking of a securities law.Quote:
Originally Posted by Belly BusterWhy would the futures exchange care? They're just matching buyers with sellers and taking a fee. They won't care if its bitcoins, shitcoins, pork bellies or frozen concentrated orange juice.Quote:
Originally Posted by DonaldTrumpsHairPiece
LiteCoin is on the move today as it’s up 55% for the day as of right now. Last week it was at less than $100/coin, it then booked to $170....I unfortunately bought it at its peak and it fell back to $150ish and stayed there over the weekend. Now it’s around $225/coin. I’m in for the long haul. Currently have 3 coins and may buy more st the beginning of the year.
Quote:
Originally Posted by blake
ONE TIMEQuote:
Originally Posted by AhoosierA
We all know a coin just doubling up + in a week is very natural and sustainable I bet it will go much higher and never lose half its value either over the coming week lol
Sell at the top, buy at the dip, live and learn.
Except for the fact that so few individuals account for such a disproportionately large share of the float .....Quote:
Originally Posted by DonaldTrumpsHairPieceNo one has to do any due diligence anymore? I thought ignorance was no excuse for breaking or aiding in the breaking of a securities law.Quote:
Originally Posted by Belly Buster
this is exactly what Trading is all about. You are wagering against an opponent. If the other side has more information or control over the market you walk away or you try to follow him
We don’t need big daddy to watch over the futures. Gamble at your own risk.
Can anyone explain the crazy rally on litecoin?
Quote:
Originally Posted by handicapme
Let me see they just announced they..... no wait.....uuummm......no. I suspect a huge pump and dump, big one.
Why don't you seeing rallying, cheaper to transact than BTC....Quote:
Originally Posted by DonaldTrumpsHairPieceQuote:
Originally Posted by handicapme
Let me see they just announced they..... no wait.....uuummm......no. I suspect a huge pump and dump, big one.
Quote:
Originally Posted by handicapmeWhy don't you seeing rallying, cheaper to transact than BTC....Quote:
Originally Posted by DonaldTrumpsHairPiece
That was one theory going around, transactions stuck so people switching to LTC to get out of Chinese/Koreans exchanges resulted in buying.
Quote:
Originally Posted by handicapme
https://youtu.be/7VzG2LJKm7A
The rally is driven by retail investors trying to cash in. Reports are people are taking out credit card advances and cashing out on sound investments to get on the crypto train to get rich quick.Quote:
Originally Posted by handicapme
The end is near, it might be a month or a year, but when people with no money start borrowing and selling, it's close to the end. A handful of people are going to get very rich, most will lose everything. What was it, 98% of the 1990s dot.coms went out of business?
I am not sounding like a whiner, but like all of us on this site, we had an opportunity to buy bitcoin at like $10. What we fail to accept is just about everyone would have sold like at $100, maybe $200. I get it, there is always an exception that a few held all the way up, but that is not the norm.
The reason I never bought bitcoin is its not a currency. It can't be one because it has no liquidity and is not stable. It's just too small to be a currency with 21M units and its not backed by anything. So now its being touted as an asset, like gold. But gold had tremendous value, its the basis for jewelry worldwide. Like 1B wedding rings. Bitcoin, it just is not a value producing asset, its going the way of the tulip. But it's not to say you can't get lucky and make money while its hot. You can also go broke.
Coinbase users buying the lowest priced coin out of the 3 coins available for purchase.Quote:
Originally Posted by handicapme
The folks who got burned by the dot com boom are not participating in this boom. The people who are long crypto are a lot younger. They have never experienced the pain of a huge mania going sour. A ton of money is still left to be made. Most of the money is made in the last 6 months of any mania.Quote:
Originally Posted by Scandinavian BobThe rally is driven by retail investors trying to cash in. Reports are people are taking out credit card advances and cashing out on sound investments to get on the crypto train to get rich quick.Quote:
Originally Posted by handicapme
The end is near, it might be a month or a year, but when people with no money start borrowing and selling, it's close to the end. A handful of people are going to get very rich, most will lose everything. What was it, 98% of the 1990s dot.coms went out of business?
I am not sounding like a whiner, but like all of us on this site, we had an opportunity to buy bitcoin at like $10. What we fail to accept is just about everyone would have sold like at $100, maybe $200. I get it, there is always an exception that a few held all the way up, but that is not the norm.
The reason I never bought bitcoin is its not a currency. It can't be one because it has no liquidity and is not stable. It's just too small to be a currency with 21M units and its not backed by anything. So now its being touted as an asset, like gold. But gold had tremendous value, its the basis for jewelry worldwide. Like 1B wedding rings. Bitcoin, it just is not a value producing asset, its going the way of the tulip. But it's not to say you can't get lucky and make money while its hot. You can also go broke.
Ironically, because the volatility is >50%, no market maker will quote options without being tied to vol levels. In other words, I would quote options tied to a specific future price, this means that the delta is tied together to a volatitly level. However, these are volatility levels not seen in any other commodity or equity besides right before "numbers" like employment, crop report, or earnings releases.Quote:
Originally Posted by Sanlmar
Things will probably stabilize significantly when the CME starts clearing futures and options. My firm doesn't trade them, but a lot of the big chicago props do, DRW, for example, has the biggest desk in the world. They are probably the largest bit coin holders in the world. Through the grapevine I heard they have 50K coins on reserve, if not more. The firm owner, Donald Wilson has a 20 million dollar house a few blocks from me. Asshole. Lol.
Quote:
Originally Posted by snake_in_the_assCoinbase users buying the lowest priced coin out of the 3 coins available for purchase.Quote:
Originally Posted by handicapme
Ironic considering they as well are donkdown.
https://media.makeameme.org/created/...int-wv65p1.jpg
Quote:
Originally Posted by sonatineQuote:
Originally Posted by snake_in_the_ass
Ironic considering they as well are donkdown.
https://media.makeameme.org/created/...int-wv65p1.jpg
Wait a minute...
So what you're saying is Bitcoin AND Litecoin are donkdown?
Holy shit
Time to bet the farm on Litecoin
LOL. Seems like Coinbase is being run by Ray Bitar.Quote:
Originally Posted by sonatineQuote:
Originally Posted by snake_in_the_ass
Ironic considering they as well are donkdown.
https://media.makeameme.org/created/...int-wv65p1.jpg
So I'm still kind of blown away from learning yesterday that every BTC transaction costs around $20 and bidding $5 will get you lost in limbo forever. Is that correct? If so, that's insane. For some reason I thought transactions cost like 6 cents. Did they ever cost 6 cents? Is there any serious prospects or plan to drop that by like 95%? Because if transactions cost more than a dollar, it's pretty much useless for the vast majority of white market businesses. Has this been a major point of discussion in the bitcoin community? I thought that half of the point of BTC was to not give Jew Bankers 30 cents per credit card transaction. How is giving many times that much to the Chinese mafia better?
Assuming that bitcoin's transaction fees stay above $1, it's just not a real currency. And if it's not a real currency, then it has to be digital beanie babies. Where the hell is all of this new demand coming from that's pushing the price up?
todge ur jew friend who makes less than 70k a year is talking
like including bonus
Quote:
Originally Posted by DirtyB
its the people's stockmarket; its a make believe commodity for all the wanna be gordon gecko's.
and if we've learned anything from anything, its that people are real stupid for the most part.
todge our leftover from skatz poker who cant afford cable is is talking im sorry you have to see this
It's being viewed more as a store of value now ( think digital gold) than a "currency"Quote:
Originally Posted by DirtyB
The money is coming from everyone on the planet and institutions. Bitcoin is the hottest thing right now
THis is supposed to be a helper in order to make transactions cheaper and faster
https://www.investopedia.com/news/bi...-game-changer/
https://www.youtube.com/watch?v=Yf7QFC5NpFA this actually sums up tines life
tine actually dwayne
Quote:
Originally Posted by chinamaniac
https://res.cloudinary.com/completes...ies_batch1.jpg
http://i.telegraph.co.uk/multimedia/...1_1436143i.jpg
http://www.bloglet.com/gallery/medic...n-medicine.jpg
https://fthmb.tqn.com/HuY3B9HiNVyTXD...1d72a541c9.jpg
https://i.pinimg.com/736x/66/e5/4b/6...denim-shop.jpg
Yes they did cost 6 cents. I have paid as low as 11 cents about a month ago. There are only so many transactions that can fit in each new block, so everyone is trying to leapfrog each other to get confirmed. And now that all the alt coins are red hot, it makes the situation even worse. People are buying BTC on coinbase & kraken and then sending it to sites like binance.com so they can buy swap their BTC for the altcoins. So they are willing to pay any amount to get in front of the line. The entire crypto market is only 450 billion which is not a lot when there are dozens of individual stocks worth more than that. And this is a global bubble which means it can really get out of hand. We have never had a global bubble.Quote:
Originally Posted by DirtyB
Lot of poor people, especially the blacks, are big time into Bitcoin. They are treating it like a 401k or retirement fund.Quote:
Originally Posted by sonatineQuote:
Originally Posted by DirtyB
its the people's stockmarket; its a make believe commodity for all the wanna be gordon gecko's.
and if we've learned anything from anything, its that people are real stupid for the most part.
please ignore young dwayne over here
quick reminder lol wow listens to virtually no mazzy star so dont you dare take him seriously.
Do you have an exit strategy? A price in mind?Quote:
Originally Posted by chinamaniacIt's being viewed more as a store of value now ( think digital gold) than a "currency"Quote:
Originally Posted by DirtyB
The money is coming from everyone on the planet and institutions. Bitcoin is the hottest thing right now
THis is supposed to be a helper in order to make transactions cheaper and faster
https://www.investopedia.com/news/bi...-game-changer/
Hey dwayne that was a great try at deflecting
like you can show this to lol wow and he wont even know what this is
https://www.youtube.com/watch?v=2FdP0eS47ts
he literally has no idea, and hes going to be too busy focusing on all the Marin housewives in the audience who are still dressing like its the 80s because they think they could stop caring when they got married and pushed out a kid and a half or so.
Quote:
Originally Posted by sonatine
looking at you 1:59
it does let you know that sonatine was born in the lol 70s
HE WAS SOMETHING TO OBSERVE