Funny. I read that its gonna top at like 410 and then crashQuote:
Originally Posted by snake_in_the_ass
Bitcoin is a religion, nobody sells. LTC is going to $1000 and Ethereum to $2500.Quote:
Originally Posted by GringoStar
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Funny. I read that its gonna top at like 410 and then crashQuote:
Originally Posted by snake_in_the_assBitcoin is a religion, nobody sells. LTC is going to $1000 and Ethereum to $2500.Quote:
Originally Posted by GringoStar
https://www.tripwire.com/state-of-se...ond-hack-year/
another bitcoin exchange just folded because it got 'hacked'.
im sure its just a big misunderstanding tho and all the customers got their bitcoins refunded.
These fees the past few weeks are robbery.
cofounder of bitcoin.com just dumped his holdings.
all of them.
Oldenburg says that people don’t understand the risk associated with the coins as they only own them and have not sold or traded with them. “As soon as people realize that this is how it works, they will start to sell. The old bitcoin network is as good as unusable.”
Article says he dumped all of his BTC for BCH. Part of the pump n dump with coinbase, not a coincidence.Quote:
Originally Posted by sonatine
I don't know anything about Oldenburg, but his co-founder is Roger Ver, a BCH evangelist who hates Bitcoin as much as you do. Last week on a podcast I saw him get deeply offended at the term "BCash", likening it to a racial slur. lolQuote:
Originally Posted by sonatine
So I'd take anything he says with the caveat that he's probably suuuuper biased. Apparently tribalism runs deep among the fanatics of various shitcoins, BTC included.
For those of you tired of getting raped by bitcoin transaction fees, here are some tips:
1) On Blockchain.info, click "Customize Fee" and cut the number to about half. The transaction might be slower, but it will cost you substantially less. In addition, sending the BTC to a place like Bovada, it will still typically be approved quickly, as Bovada usually gives trusted users "credit" for the bitcoin deposit long before the transaction fully completes.
2) Try sending late at night or very early morning, as I've noticed there are far fewer transactions at that time, leading to lower fees
insider trading alert. Thoughts something funny was going on yesterday when I was the BCH rise and looks like I was right. Listed on Coinbase
:fraudalert
I sold some at 5k years ago. I sold some at the beginning of 2017. I just sold some last week.Quote:
Originally Posted by snake_in_the_assBitcoin is a religion, nobody sells. LTC is going to $1000 and Ethereum to $2500.Quote:
Originally Posted by GringoStar
I have some in cold storage that I won't touch. I guess you could call that the religion section.
My friend would like to know if you could send him the contact info of the guy you sold bitcoin to at 5K years ago. If you could just send it to me I will get it over to him. He says if things pan out he will throw you something.
I refuse to believe they are just going to let every Tard Dick and Harry become a zillionaire. Bitcoin almost has to just free fall to like 100 after Christmas. The only other option would be the dollar free-falling and bitcoin basically becoming the Amero. lulz Amero. Doesn't something have to give? My guess would be it crashes right after I hit a 10 team parlay and I'm left holding the bag.
Litecoin founder unloaded his coins.Quote:
Originally Posted by sonatine
Quote:
Originally Posted by MrTickle
holy shit.
http://www.bbc.com/news/technology-42425857
Ya he is smart but he is certifiably crazy and he scares me a bit with the bitcoin cash thing. He has been promoting the shit out of it and he will be all over tv promoting it again today.Quote:
Originally Posted by SrslySiriusI don't know anything about Oldenburg, but his co-founder is Roger Ver, a BCH evangelist who hates Bitcoin as much as you do. Last week on a podcast I saw him get deeply offended at the term "BCash", likening it to a racial slur. lolQuote:
Originally Posted by sonatine
So I'd take anything he says with the caveat that he's probably suuuuper biased. Apparently tribalism runs deep among the fanatics of various shitcoins, BTC included.
He predicts within 6 months Bitcoin Cash will be the top coin
Do you play on nitrogen?Quote:
Originally Posted by Brittney Griner's Clit
Quote:
Originally Posted by Brittney Griner's Clit
I dont understand how you can spend this much time in this thread and still not understand that this isnt some illuminati conspiracy, its just math.
In order to become rich, you need to cash out your BTC.
Unless the 'downstream' adopters continue to buy, which clearly they wont because there are a finite number of morans with a finite amount of money to be separated from, there is a guaranteed deflation of price in proportion to the volume sold.
Simply put; if there is a 'run' on btc exchanges, the first thing that will happen is they will run out of cash reserves within hours. The 2nd thing that will happen is people start undercutting each other for sell prices in a desperate attempt to jump off a sinking ship, which will only finish what the molten, smoldering exchanges started.
I agree this is what could happen.Quote:
Originally Posted by sonatineQuote:
Originally Posted by Brittney Griner's Clit
I dont understand how you can spend this much time in this thread and still not understand that this isnt some illuminati conspiracy, its just math.
In order to become rich, you need to cash out your BTC.
Unless the 'downstream' adopters continue to buy, which clearly they wont because there are a finite number of morans with a finite amount of money to be separated from, there is a guaranteed deflation of price in proportion to the volume sold.
Simply put; if there is a 'run' on btc exchanges, the first thing that will happen is they will run out of cash reserves within hours. The 2nd thing that will happen is people start undercutting each other for sell prices in a desperate attempt to jump off a sinking ship, which will only finish what the molten, smoldering exchanges started.
But remember bitcoins are limited in supply. There is a finite number of bitcoins and a large number of people hoarding, plus throw in lost bitcoins, etc.
I feel like the nail in the coffin will be government interference or an alternative coin that is government backed.
nobody will want that coinQuote:
Originally Posted by simpdogI agree this is what could happen.Quote:
Originally Posted by sonatine
But remember bitcoins are limited in supply. There is a finite number of bitcoins and a large number of people hoarding, plus throw in lost bitcoins, etc.
I feel like the nail in the coffin will be government interference or an alternative coin that is government backed.
Quote:
Originally Posted by chinamaniacnobody will want that coinQuote:
Originally Posted by simpdog
They will if you can pay taxes with it.
And if it is accepted at banks.Quote:
Originally Posted by cmoneyQuote:
Originally Posted by chinamaniac
They will if you can pay taxes with it.
Where can you buy xrp or bch without waiting?
Asking for a friend.
Without waiting? If you already have BTC, you can convert it to those coins using binance.com, otherwise you might have to suck a cock or two to get what you want.Quote:
Originally Posted by OSA
And can still be used to finance cybercrime and purchase narcotics anonymously.Quote:
Originally Posted by simpdogAnd if it is accepted at banks.Quote:
Originally Posted by cmoney
Are there sites selling legit molly still?Quote:
Originally Posted by sonatineAnd can still be used to finance cybercrime and purchase narcotics anonymously.Quote:
Originally Posted by simpdog
Asking for a friend
LITECOIN FOUNDER SELLS ALL HIS COINS
thoughts??
Man accidentally threw away $127 million in bitcoin and officials won't allow a search
https://www.cnbc.com/2017/12/20/man-...-him-look.html
A guy used a laptop to mine 7,500 Bitcoins between 2009 through 2013?
Considering the multi-million dollar investments some Bitcoin miners have in computer rigs that his claim is impossible.
Serious question, how much computer power do you need to generate one Bitcoin and exactly how long would it take?
https://upload.wikimedia.org/wikiped...Mining_rig.jpg
Quote:
Originally Posted by TheXFactor
right now, the collective mining on earth generates about 1800 btc every 24 hours.
the total sum of kw/h used by those mining rigs is basically identical to that of the nation of ireland, btw.
This guy is full of shit, I had a twitter conversation with him a few years ago and he had no real idea about how to even mine bitcoins. Initially he claimed he mined them on a laptop that had no dedicated GPU, the amount of coins he claimed he mined was impossible no matter how powerful his CPU.Quote:
Originally Posted by TheXFactor
I think he was angling for sympathy, or to gain some credibility in the bitcoin community, I'm quite sure many folks sent him some coins because they felt sorry for him.
Quote:
Originally Posted by sonatineQuote:
Originally Posted by TheXFactor
right now, the collective mining on earth generates about 1800 btc every 24 hours.
the total sum of kw/h used by those mining rigs is basically identical to that of the nation of ireland, btw.
HOW IS ATINE'S FAKE NEWS SHILLING IN THIS THREAD BTW?? can anyone verify these #s lmao
Tine if there was a fly fishing coin or a brony coin would you then potentially invest?
Crypto went from 0 billion to 650 billion market cap. And when it finally goes donkdown, the idiots that missed the biggest ride in history will say "I told ya so." Especially those who kept calling a crash for the past 7+ years. Can't cry wolf everyday for 7 years and then take credit for the inevitable crash.
Quote:
Originally Posted by snake_in_the_ass
thats a funny way to admit you were wrong and that they are in fact donkdown, but its not like i look to you for content.
SEC Halts Crypto Stock Over Manipulation Concerns After Massive JumpQuote:
Originally Posted by snake_in_the_ass
https://www.bloomberg.com/news/artic...ter-2-700-jump
-Trading halt tied to concerns shares being manipulated: SEC
-Agency adds that investors may not be getting accurate data
Quote:
U.S. regulators temporarily suspended trading in an obscure digital currency company due to concerns that its stock is being manipulated after the shares surged more than 17,000 percent in less than three months, making paper billionaires out of top executives.
In a Tuesday order halting buying and selling of The Crypto Co., the Securities and Exchange Commission said it was worried investors aren’t getting accurate disclosures or enough information about the company. Questions have also arisen about “potentially manipulative transactions” involving the Malibu, California-based company’s shares, the SEC said.
Crypto appears to be a beneficiary of the digital-currency fever that has gripped markets in 2017. Despite losing more than $2.7 million this year and posting just a few hundred thousand dollars of revenue, the company’s market capitalization exceeds $11 billion. Its lofty valuation has made a billionaire out of President James Gilbert, who held a stake worth nearly $4.2 billion based on Monday’s closing price.
Crypto trades over-the-counter, a market that typically has less stringent oversight than regulated exchanges. Its share jump has attracted the attention of market operator OTC Markets Group, which added a skull-and-crossbones icon next to the company’s stock symbol earlier this month to urge investors to be extra cautious before buying the shares.
The company invests in digital assets, and is developing source code for managing them, according to regulatory filings. At the end of September, it held crytocurrencies worth $900,110, filings show. Bitcoin, the biggest digital currency, was trading for about $4,171 at the time, but has since surged to more than $18,220.
The SEC said its concerns about Crypto include the compensation paid for the promotion of the company and statements made in regulatory filings about plans for insiders to sell their shares. The company didn’t immediately respond to a request for comment. The temporary suspension will last through Jan. 3, according to the SEC order.
Wall Street’s main regulator has been cracking down on offerings tied to cryptocurrencies due to concerns that some companies aren’t complying with securities rules and that investors could get fleeced.
Earlier this month, the SEC froze the assets of an initial coin offering that promised a 13-fold profit in less than a month. The agency alleged that the offering violated federal securities laws since it was not registered with the government.
Deep Discount
Crypto disclosed last week that it was selling shares privately for $7, a steep discount to the $223 investors were paying for its stock in public markets at the time. Chief Executive Officer Michael Poutre said the $7 price had been communicated to potential buyers weeks ago -- before the stock’s dramatic surge. The stock peaked at $642 on Dec. 11 before closing at $575 Monday.
Crypto also disclosed last week that it plans to split its shares 10-for-1, citing the recent jump in the stock price and the recent “rise of the entire digital-currency market.” The company is the product of a reverse merger with a sports bra company.
https://assets.bwbx.io/images/users/.../v2/800x-1.png
The company lied, they have zero credibility.
It's a classic pump and dump scheme for penny stocks.
When the OTC market opens on their stock on January 3rd 2018, you should sell all their fucking stock.
However, in the future, I'm sure some legitimate companies will offer something similar.
This difference will be that they have tens of millions behind them in assets and a good track record.
I am not a believer in crypto. I don't think they are currency, they are more like novelty products. I am in a believer in bull markets though and why not ride the train. Hopefully I get off before it runs off a cliff.Quote:
Originally Posted by sonatineQuote:
Originally Posted by snake_in_the_ass
thats a funny way to admit you were wrong and that they are in fact donkdown, but its not like i look to you for content.
I've called bitcoin a solution in search of a problem since they were $5, and I still think that. It's actually much worse now than it was then. Any transaction fee over a dollar is pretty much a dealbreaker.Quote:
Originally Posted by snake_in_the_assI am not a believer in crypto. I don't think they are currency, they are more like novelty products. I am in a believer in bull markets though and why not ride the train. Hopefully I get off before it runs off a cliff.Quote:
Originally Posted by sonatine
I don't regret not buying any because I know that anything I bought at $5, I would have definitely sold in the $200-$1000 spike that one December.
Crypto mining is consuming the same amount of energy as Denmark. Really.
I don't know if anyone disagrees with that, i at least don't. Most of the "anti-crypto" positions in this thread are against the earlier hippie views for crypto and treating crypto like a 401k. Oh and you know spending money you don't have on it. All those things are great for speculation since they keep bringing fresh money to crypto, but it also means the last layer of the pyramid keeps getting wider.Quote:
Originally Posted by snake_in_the_assI am not a believer in crypto. I don't think they are currency, they are more like novelty products. I am in a believer in bull markets though and why not ride the train. Hopefully I get off before it runs off a cliff.Quote:
Originally Posted by sonatine
If i thought the only way for the music to stop, would be when we ran out of fools, i would consider it to be an almost stable asset.
It's kinda how poker boom just cost money to most people and at the time there wasn't that many people i would have suggested to quit their day job or drop out to pursue that batch of easy money. For handful of people it was great though.
As long as BTC keeps appreciating fairly often, people will overlook the crashes as a necessary evil -- ones which will quickly end and the good times will return.
Look, about 10 days ago (I think, just guessing here), it was down to 13k after being up to 19k, and it corrected itself very quickly.
The problem will occur, I think, when BTC stagnates for awhile, and then something triggers a crash.
People won't have as recent of good times to remember, everyone will think, "Shit! It's happening! Time to bail out!", and you know what will come next.
It will probably take a few cycles of these to devalue bitcoin. There will be resistance points. For example, if it falls below 10k, it will probably dip to something like 9300 before recovering from all the people who will buy in expecting that resistance point (kind of a self-fulfilling prophecy!)
It also might just have a steady March downward, as it had for about 1 1/2 years leading to May 2015. At that point, bitcoin had no sustained gains (!!), yet various losses followed by stagnation which cut its value by about 83%.
So that might also be the way it goes out.
Honestly I was very surprised how it recovered after that. We had such a long period of steady decline, it just seemed like the shark had been jumped, and everyone who wanted in would be already in.
Anyway... we're back into the 16400 range right now. Might have another few pops back up, but those jumping in now are taking quite as risk.
I also don't really see a scenario where bitcoin crashes and one of the alts rises to take its place. They all seem roughly tied together with their rise and fall, from what I've seen in general.
Guess who the CIO is of this company?Quote:
Originally Posted by TheXFactor
Rafe Furst.
And you based this on what specific information about the preferences and financial capacity of the other 1+ billion people on the planet who likely have access to the Internet?Quote:
Originally Posted by Dan Druff