anybody getting in on this beatdown?
Printable View
anybody getting in on this beatdown?
When will the raping stop?
In other news, Goldman is going to let people get fucked as well.
https://www.cnbc.com/2017/12/21/gold...port-says.html
The new trading desk would "make markets" in the cryptocurrencies and is set to get up and running by the end of June, if not earlier, two of the sources said in the report.
great goldman always makes shit better...goddamn it...where's san with his commentary when you need him...Quote:
Originally Posted by OSA
Two things are at work here. 1. Mass profit taking as the monster run up over the past month nearly doubled it when it bounced off 20k. Secondly is people are pulling back as the HF with Segwit 2X which was postponed is now definitely happening on Wednesday. Had they been able to resolve the contentious battle over greedy fees which were turning the blockchain to sludge speedwise it might not have happened but the massive slowdowns and fees forced their hand.
Side note this however doesn’t explain the across the board 20% haircut the last 24hrs on ETH BCH and LTC on Coinbase. That has me scratching my head that could be some folks dumping before year end which is causing prices to unwind as it were.
Quote:
Originally Posted by ftpjesus
Honestly, it kind of feels like the end. Wouldnt be surprised if we gets under 5k in next few days.
Was a fun ride.
"Mark Karpeles, the former head of the world’s biggest bitcoin exchange, is about to make $859 million from his customers’ funds, according to reports."
http://www.newsweek.com/bitcoin-mark...urrency-709242
These figures were when the price was $7,000, so more like 1.5 billion... AMAZING!
I hope BTC totally crashes before those 200,000 coins are sold.
Buy and sells on coinbase halted.
:lol
No wonder BTC always goes up. Not a free market when the exchanges just shut down when the price plummets.
Is this actually a serious prediction or are you just messing around ?Quote:
Originally Posted by cmoney
Honestly most of what i know about crypto is from reading this thread occasionally but i do know you were on the money when you predicted a big drop a few months back and that you know quite a few people heavily involved in the market. For sure a 75% drop in a few weeks wouldnt be surprising bitcoins are fucking crazy but do you think there is a legit chance this could happen ?
I mean BTC cratered 55% from Sunday to the bottom today so anything is possible...Quote:
Originally Posted by JACKDANIELSIs this actually a serious prediction or are you just messing around ?Quote:
Originally Posted by cmoney
Honestly most of what i know about crypto is from reading this thread occasionally but i do know you were on the money when you predicted a big drop a few months back and that you know quite a few people heavily involved in the market. For sure a 75% drop in a few weeks wouldnt be surprising bitcoins are fucking crazy but do you think there is a legit chance this could happen ?
The key question will be is that a buying opportunity like it looks like it was today or is it the beginning of the end?
Quote:
Originally Posted by ftpjesus
only cause I'm ignorant on the subject but want to post something
Quote:
Originally Posted by shortbuspokerQuote:
Originally Posted by ftpjesus
only cause I'm ignorant on the subject but want to post something
Its the after effects of the Coinbase insider trading scam. People got spooked and since the withdrawals take a few days, it is now just catching up?
nopeQuote:
Originally Posted by OSAQuote:
Originally Posted by shortbuspoker
only cause I'm ignorant on the subject but want to post something
Its the after effects of the Coinbase insider trading scam. People got spooked and since the withdrawals take a few days, it is now just catching up?
https://techcrunch.com/2017/12/20/li...mpression=true
Litecoin founder Charlie Lee has sold all of his LTC
all I can say is fucking WOW...interesting read...san this one is for you buddy...
http://www.zerohedge.com/news/2017-1...n-bet-revealed
The Jews on Wall Street didn't make their money yet. They tanked Bitcoin and now are loading up on the futures and making their bets. And yes the guy who placed the bet is a Jew. There is still one more monster surge left in this sector. You need everyone and their mother long before it finally pops.Quote:
Originally Posted by GambleBotsChafedPenis
not arguing with any of your points...having been on an options desk before that's just an assload of fucking premium to be outlaying on a severely deep OOM call option...Quote:
Originally Posted by snake_in_the_assThe Jews on Wall Street didn't make their money yet. They tanked Bitcoin and now are loading up on the futures and making their bets. And yes the guy who placed the bet is a Jew. There is still one more monster surge left in this sector. You need everyone and their mother long before it finally pops.Quote:
Originally Posted by GambleBotsChafedPenis
EDIT: you see that article OSA posted about goldman getting into shit...you know they're pissed about not getting into this shit from the get go...
Will it just be bitcoin or will it be BCH and Litecoin as well?Quote:
Originally Posted by GambleBotsChafedPenisnot arguing with any of your points...having been on an options desk before that's just an assload of fucking premium to be outlaying on a severely deep OOM call option...Quote:
Originally Posted by snake_in_the_ass
this specific trade is just BTC...it can be done for the other cryptos too if you have a counterparty to sell the call options and deliver the LTC or BCH at the end of the options period...Quote:
Originally Posted by OSAWill it just be bitcoin or will it be BCH and Litecoin as well?Quote:
Originally Posted by GambleBotsChafedPenis
EDIT: the interesting thing about this trade will be to see if it is done more in the future...are there enough people who own a shitton of coin that will write these options and enough counterparties that will buy these options? don't expect the banks to be buyers of options as banks will almost always want to be the writers of options to collect the theta (time) decay on them...in theory this should be good for the crypto markets as it allows those with a ton of each individual coin to monetize their coins by writing these options instead of selling the coins out into the market causing the selling pressure everybody is worried about with the holdings of these coins concentrated in such few hands...
I've been skeptical for a while and even I'm willing to admit that this plunge is a long run good thing for BTC Nothing goes straight up forever.
Here is the guy's twitter feed, the dude that placed the bet:Quote:
Originally Posted by GambleBotsChafedPenisnot arguing with any of your points...having been on an options desk before that's just an assload of fucking premium to be outlaying on a severely deep OOM call option...Quote:
Originally Posted by snake_in_the_ass
EDIT: you see that article OSA posted about goldman getting into shit...you know they're pissed about not getting into this shit from the get go...
https://twitter.com/AriDavidPaul
any idea how big of a fund this guy is running? that obviously makes a huge difference in analyzing this trade...if this guy is only running with $25-50M he's pretty fucking confident in this trade to put $1M naked on this...don't know how much BTC would have to go over $50K for him to be breakeven on this trade, but would figure it's a pretty decent amount...Quote:
Originally Posted by snake_in_the_assHere is the guy's twitter feed, the dude that placed the bet:Quote:
Originally Posted by GambleBotsChafedPenis
https://twitter.com/AriDavidPaul
this actually seems to be more of a marketing ploy than anything...million bucks for this to be spread on ZH/Bloomberg/etc, whetting the appetites of investors that want to get in on this madness...the guy I worked for was a terrible fucking trader, he'd buy options out the ass and buy a decent number of deep out of the moneys (OOM)...any options trader that does shit like this a lot ends up getting eaten the fuck up because the decay just kills them...and we're talking about a bet on BTC going up 200+% in a year...
and another thing that's obviously strange about this trade is that he is the market for these call options...so let's say that BTC rallies to $40K in the next 6 months...those options may actually gain in value to be worth like $1.2-1.3M, which would be a good return on that trade...but he can't really offload these options to anybody because this seems like the two parties went to an exchange to facilitate this trade and there isn't actually a market on them where people can buy/sell these options...so this guy is basically stuck with DEC '18 BTC $50K call options...
is anyone actually taking any of these "crypto" hedge funds seriously? These guys are small time dorks that will be crushed by ren tech
the thing that i find most telling is that the only explanation anyone can put together for what happened is 'oh tax time etc' like everyone at The Big Bitcoin Owners Meeting agreed that starting on the evening of the 21st they would all cash out whatever they needed to cover gifts and tax and shit.
no; someone cashed out their holdings or at least a good size chunk and it straight wrecked the crypto market.
thats all it took.
I mean I'm sure there are a lot of rich guys who are pissed off they missed the boat and are trying to make up for lost time on this stuff...just look at goldman getting into this shit now..Quote:
Originally Posted by Krypt
The scary part about big hedge funds getting into the space is that they could crush it within a week if that's their goal.
i don't think that is the goal in the short term though. There are so many novice players in the space they can play this like a fiddle and make tons of money both ways.
Why would they completely crush it asap? It would make no sense. Their goal is to make the most money possible and keeping it alive is in their best interest.
They aren't gonna turn down easy money. BTC (and crypto in general) will be a piggy bank for them as they will have complete control over the price.
BITCOINS are GOD
see you bitches @ 50k
Quote:
Originally Posted by chinamaniac
Fyp
https://www.youtube.com/watch?v=cyYxu3DFong
Hands-on: MobileMiner – how to mine cryptocurrency on an iPhone [Video]
https://9to5mac.com/2017/12/21/hands...-iphone-video/
WOW...you could make up to $12 a month (not including electricity costs)
:facepalm4
Here comes another crash... the third of its kind in the past week.
Hit a high of mid-15000s on yesterday's recovery.
Now it's crashing again, and currently sits at 128xx.
you know the only currency that doesnt go out of style todge
CUSTOM VIDEOS
Quote:
Originally Posted by lol wow
The kid is sitting on a gold mine, and he can't even see it.
todge even ur shittiest posters know LETS GET TO WORK
Quote:
Originally Posted by lol wow
WOW, the simple fact that you are finally able to admit this to yourself makes me feel all warm, fuzzy and Christmasy inside.
todge please ignore this woman who just posted that
Don't ignore it Todd. "Christmassy" is blatant antisemitic hate speech.
lol todge enjoy this
Who else has heard how the Winklevoss twins are protecting their bitcoin holdings from being hacked?
The Winklevoss twins cut up the key to their $1.3 billion bitcoin fortune and keep each piece in different bank vaults
http://www.businessinsider.com/winkl...ortune-2017-12
And if so, what risks do you see in this security measure?Quote:
Here's how The Times explains it:
"The Winklevosses came up with an elaborate system to store and secure their own private keys. They cut up printouts of their private keys into pieces and then distributed them in envelopes to safe deposit boxes around the country, so if one envelope were stolen the thief would not have the entire key."
What they did is take 3 copies of each half of the private key, and then put them in 6 different locations.Quote:
Originally Posted by MumblesBadly
It is fairly safe because if any one of the 6 is compromised, then it is worthless without the other half. Kinda like McDonalds monopoly.
Because there are multiple copies of each half, if one is lost or stolen then the key can be constructed from the remaining copies.
If you're not planning on touching your coin for years, it isn't a bad approach, although they would be better served using offline hardware wallets.
Israel's markets regulator said on Monday he will propose regulation to ban companies based on bitcoin and other digital currencies from trading on the Tel Aviv Stock Exchange (TASE).
https://www.youtube.com/watch?v=aRo982JQeiE