Bitcoins are officially donkdown

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Originally Posted by Scandinavian Bob

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Originally Posted by GambleBotsChafedPenis

youre talking about being able to liquidate 10K BTC...you can, but the market isn't deep enough to do it at current prices so you're gonna have to go way down the bids to find enough volume to fill...there is definitely a way to fill a 10K BTC order if you want actual cash, but just don't expect to do it at quote or anywhere near it...

and I get your point...no you cant liquidate an order that big at current market prices...

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Right, so we agree its NOT a currency. It's a loss producing asset. In that you cannot buy anything with it (say a BMW), and when you try to sell it at current prices there is a chance it diminishes its value before you can close on it.

I hate to say it, but this is online poker. You deposit, and hope you win, and more than hope you get your money off the site into your bank account if you do win. How crazy. This is probably why Micon was so drawn to it, he understands the massive risk and downside.

When you think about it, Druff could probably start an exchange on this site. Not poker related, just exchanges, which to my knowledge are legal.

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Any chance Micon owns more money in bitcoin that anyone on this site owns in a bank?

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Originally Posted by Scandinavian Bob

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Originally Posted by GambleBotsChafedPenis

youre talking about being able to liquidate 10K BTC...you can, but the market isn't deep enough to do it at current prices so you're gonna have to go way down the bids to find enough volume to fill...there is definitely a way to fill a 10K BTC order if you want actual cash, but just don't expect to do it at quote or anywhere near it...

and I get your point...no you cant liquidate an order that big at current market prices...

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Right, so we agree its NOT a currency. It's a loss producing asset. In that you cannot buy anything with it (say a BMW), and when you try to sell it at current prices there is a chance it diminishes its value before you can close on it.

I hate to say it, but this is online poker. You deposit, and hope you win, and more than hope you get your money off the site into your bank account if you do win. How crazy. This is probably why Micon was so drawn to it, he understands the massive risk and downside.

When you think about it, Druff could probably start an exchange on this site. Not poker related, just exchanges, which to my knowledge are legal.

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I wouldn't characterize it as a loss producing asset...sure there are people who have cashed out actual USD for these...BTC isn't any more of a loss producing asset than shares of pets.com, theglobe.com were back in the day...

this is definitely a currency...not a widely accepted one, but you can actually transact goods/services with BTC which I believe would fit the definition of a currency...but again it's splitting hairs...

the vast majority of people on PFA who have BTC/LTC/ETH etc are going to be able to transact their stash at prices relatively close to market prices...as long as you keep your holdings at a small % of the float you can make a pretty good buck with this shit because you wont be subject to slippage when liquidating...just like any market, you run the risk of getting it shoved up your ass if you get to be the market...

nicehash hackers just moved 20m out of their wallet


https://bitinfocharts.com/bitcoin/ad...h6H4t6jh1mB4rq

It's not a currency. Nobody is using it as such, outside a couple retailers wanting publicity. The float is way too small to be a currency. The mathematics deny that fact. A reputable currency cannot fluctuate by 20% in a given day, nor can its float be 11M units held by 40% in Asia.

You are just wrong on this. But I am tired and can't argue on this any longer.

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Originally Posted by sonatine

nicehash hackers just moved 20m out of their wallet


https://bitinfocharts.com/bitcoin/ad...h6H4t6jh1mB4rq

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you know if that's a lump sum transaction at that price or the average price of transaction?

It will certainly be interesting to see whether these cryptoassets are truly uncorrelated to the broader equity market. I think the best that BTC/Ether etc. could hope for would be carving out a niche as an uncorrelated hedging instrument.

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Originally Posted by Krypt

It will certainly be interesting to see whether these cryptoassets are truly uncorrelated to the broader equity market. I think the best that BTC/Ether etc. could hope for would be carving out a niche as an uncorrelated hedging instrument.

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Janet Yellen (FED CHAIR) today said without hesitation, called Bitcoin a risky asset and dismissed it. There were a few questions on it today for her and she did not seem remotely interested, other than saying it was a risky asset with no impact on the broad economy. By questions #4 in the press conference she seem annoyed and wanted to get back to interest rates, but you know reporters.

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Originally Posted by Krypt

It will certainly be interesting to see whether these cryptoassets are truly uncorrelated to the broader equity market. I think the best that BTC/Ether etc. could hope for would be carving out a niche as an uncorrelated hedging instrument.

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When Crypto's go donkdown, so will the stock market.

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Originally Posted by GambleBotsChafedPenis

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Originally Posted by sonatine

nicehash hackers just moved 20m out of their wallet


https://bitinfocharts.com/bitcoin/ad...h6H4t6jh1mB4rq

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you know if that's a lump sum transaction at that price or the average price of transaction?

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Punch in the bitcoin address into blockchain and you can see some of the transfers. $80 mining fee to move 614 BTC. Pretty cheap.

Forgive me for I am a bit zooted here sucking my pen, but just came across this quote as I was reading the ol WSJ and it's sort of tripping me out

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“In light of elevated asset valuations and low financial market volatility, several participants expressed concerns about a potential buildup of financial imbalances,” further “They worried that a sharp reversal in asset prices could have damaging effects on the economy.” Jerome Powell, in prepared remarks to Congress stated: “(the Fed) will respond with force to threats to the nation’s stability.”

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Originally Posted by Krypt

“(the Fed) will respond with force to threats to the nation’s stability.”

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GANG SHIT

XRP has almost doubled since I bought it.

Get on that ripple nipple, son.

But what is the real reason for the XRP explosion? Didn't an identical pump and dump happen with Ripple just a few months ago? I want to believe in Ripple, but I don't know.

Can anyone here give an educated guess on which coin is most likely to be added to Coinbase? Apparently there are a few coming soon, and obviously it's a gold mine for whichever does. Bitcoin Cash being added probably shoots it to the fucking moon.

What are the must holds besides the three on coinbase that are unlikely to be listed there? Vertcoin, Ripple, Stellar, what else?

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Originally Posted by VaughnP

But what is the real reason for the XRP explosion? Didn't an identical pump and dump happen with Ripple just a few months ago? I want to believe in Ripple, but I don't know.

Can anyone here give an educated guess on which coin is most likely to be added to Coinbase? Apparently there are a few coming soon, and obviously it's a gold mine for whichever does. Bitcoin Cash being added probably shoots it to the fucking moon.

What are the must holds besides the three on coinbase that are unlikely to be listed there? Vertcoin, Ripple, Stellar, what else?

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I don't understand any of this.

I just bought ripple cause I like the name.

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Originally Posted by devidee

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Originally Posted by VaughnP

But what is the real reason for the XRP explosion? Didn't an identical pump and dump happen with Ripple just a few months ago? I want to believe in Ripple, but I don't know.

Can anyone here give an educated guess on which coin is most likely to be added to Coinbase? Apparently there are a few coming soon, and obviously it's a gold mine for whichever does. Bitcoin Cash being added probably shoots it to the fucking moon.

What are the must holds besides the three on coinbase that are unlikely to be listed there? Vertcoin, Ripple, Stellar, what else?

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I don't understand any of this.

I just bought ripple cause I like the name.

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http://i.imgur.com/ND2QRF9.gif

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Originally Posted by sonatine

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Originally Posted by devidee

I don't understand any of this.

I just bought ripple cause I like the name.

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http://i.imgur.com/ND2QRF9.gif

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I'm still patiently waiting for that LobsterMac&CheeseCoin to come out.

Stop teasing us & get with it.

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Originally Posted by devidee

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Originally Posted by VaughnP

But what is the real reason for the XRP explosion? Didn't an identical pump and dump happen with Ripple just a few months ago? I want to believe in Ripple, but I don't know.

Can anyone here give an educated guess on which coin is most likely to be added to Coinbase? Apparently there are a few coming soon, and obviously it's a gold mine for whichever does. Bitcoin Cash being added probably shoots it to the fucking moon.

What are the must holds besides the three on coinbase that are unlikely to be listed there? Vertcoin, Ripple, Stellar, what else?

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I don't understand any of this.

I just bought ripple cause I like the name.

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Fair.

Likewise my Tittiecoin is through the roof.

https://coinmarketcap.com/currencies/tittiecoin/

PLOL when are you coming out with twinkcoin?

taintcoin gonna spread like wild fire.

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Originally Posted by devidee

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Originally Posted by VaughnP

But what is the real reason for the XRP explosion? Didn't an identical pump and dump happen with Ripple just a few months ago? I want to believe in Ripple, but I don't know.

Can anyone here give an educated guess on which coin is most likely to be added to Coinbase? Apparently there are a few coming soon, and obviously it's a gold mine for whichever does. Bitcoin Cash being added probably shoots it to the fucking moon.

What are the must holds besides the three on coinbase that are unlikely to be listed there? Vertcoin, Ripple, Stellar, what else?

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I don't understand any of this.

I just bought ripple cause I like the name.

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Funny. I know someone who bought ripple cause he liked that name. He's up 500%.

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Originally Posted by snake_in_the_ass

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Originally Posted by devidee

I don't understand any of this.

I just bought ripple cause I like the name.

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Funny. I know someone who bought ripple cause he liked that name. He's up 500%.

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85 cent, son

Ripple has some major banks invested...seems like a decent bet.

https://www.engadget.com/2017/12/14/...with-ethereum/


real talk; byron micon should be pricing security details.

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Originally Posted by sonatine

https://www.engadget.com/2017/12/14/...with-ethereum/


real talk; byron micon should be pricing security details.

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You suggest this because he will be held at gunpoint and and could be tortured within an inch of his life....

... because he simply has none to turn over

Byron needs to wear a panic alarm around his neck the size of Flavor Flav’s clock.

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Originally Posted by simpdog

Ripple has some major banks invested...seems like a decent bet.

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But I think people aren't understanding that there are 38 billion coins in circulation and like a 100 billion total. Ripple going to 8 dollars a coin would give it the same current market cap as bitcoin. I think it is a decent long term bet, but people erroneously thinking a meteoric rise with it is happening are way off base.

Here's a tip: You can buy 1000 tron coin for 17 dollars. Invest a hundo or two. Looks to have huge potential. Either that or it could be a huge scam. But seems likely that it will eventually pop just on speculation.

so you guys who follow this stuff...

if you were a betting man, does coinbase add another coin to their offerings? and do they do it soon?

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Originally Posted by GambleBotsChafedPenis

so you guys who follow this stuff...

if you were a betting man, does coinbase add another coin to their offerings? and do they do it soon?

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BCH I think January 1st

I think at the very least they will be giving BCH out to people who own it

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Originally Posted by GambleBotsChafedPenis

so you guys who follow this stuff...

if you were a betting man, does coinbase add another coin to their offerings? and do they do it soon?

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This really reminds me of late 1999 dot com boom. There was a dot com newsletter written by a guy named George Gilder. Any stock that he would put out as a recommendation would skyrocket the following day. So people would try to guess his next pick and buy in before he released it. Same exact thing going on here with people trying to guess what coinbase will add next.

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Originally Posted by snake_in_the_ass

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Originally Posted by GambleBotsChafedPenis

so you guys who follow this stuff...

if you were a betting man, does coinbase add another coin to their offerings? and do they do it soon?

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This really reminds me of late 1999 dot com boom. There was a dot com newsletter written by a guy named George Gilder. Any stock that he would put out as a recommendation would skyrocket the following day. So people would try to guess his next pick and buy in before he released it. Same exact thing going on here with people trying to guess what coinbase will add next.

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:lol2

exactly what I was thinking...i remember 1999/2000 fondly...

I mean I would think it'd be a minimum of 1000% on your money if you got it right...I mean we're looking at 8000% gains this year in ETH/LTC...

How do I know we are in a blind bull run....well the tech now more than ever clearly does not matter at all. Take ETH for example, this blockchain is getting dumped left right and center, crypto cats are killing the system it's scalability is horrid and as of two days ago considered old tech, this is no joke.

So what does it do... goes up in price.

The rise in XRP and XLM makes sense, Bitcoin/Bitcoin Cash make sense but for different reasons.

Now onto a personal note, I don't care about any of it, get while the gettin's good.

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Originally Posted by GambleBotsChafedPenis

so you guys who follow this stuff...

if you were a betting man, does coinbase add another coin to their offerings? and do they do it soon?

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Bloomberg have added Ripple so that is a likely contender alongside BCH.

https://www.coindesk.com/ethereum-ri...erg-terminals/

2 thumbs up for binance.com. Good place to swap BTC for altcoins. No issues so far and every cashout request has been an hour or less.

https://www.reuters.com/article/uk-e...-idUSKBN1E928M


interpol in 3... 2..

$18,000

https://www.youtube.com/watch?v=Sp1dfoTV_z4

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Originally Posted by sonatine

https://www.reuters.com/article/uk-e...-idUSKBN1E928M


interpol in 3... 2..

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Have you ever considered you might be wrong on the BTC thing? It's been about 4.5 years of bad calls so far. There is tomorrow though.

Personally I have zero idea where this is going, but usually try to get to the point where i don't miss 100 shots in a row.

Also the BCH thing could go either way. Lot of people might sell it off for BTC or ETH or $$$ when their accs get loaded with their "free fork split" coins

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Originally Posted by Stueyivey

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Originally Posted by sonatine

https://www.reuters.com/article/uk-e...-idUSKBN1E928M


interpol in 3... 2..

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Have you ever considered you might be wrong on the BTC thing? It's been about 4.5 years of bad calls so far. There is tomorrow though.

Personally I have zero idea where this is going, but usually try to get to the point where i don't miss 100 shots in a row.

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Awfully hard to put much faith in an institution that doesn't use the Oxford comma.

 

FTP

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Originally Posted by chinamaniac

Also the BCH thing could go either way. Lot of people might sell it off for BTC or ETH or $$$ when their accs get loaded with their "free fork split" coins

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lol wow: no one is selling shit end q4

THis will be quarter 1 when this takes place


Oh and we just hit 19k

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Originally Posted by MumblesBadly

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Originally Posted by Stueyivey

Have you ever considered you might be wrong on the BTC thing? It's been about 4.5 years of bad calls so far. There is tomorrow though.

Personally I have zero idea where this is going, but usually try to get to the point where i don't miss 100 shots in a row.

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Awfully hard to put much faith in an institution that doesn't use the Oxford comma.

 

FTP

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Time to catch up with the times. The Oxford comma is now considered wrong and get this only one space after a period instead of two.

#2017