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So you can buy an unlimited amount of bitcoin and only sell 20k in a day? And we wonder why the thing keeps going up. Talk about being held hostage.Quote:
Originally Posted by DonaldTrumpsHairPiece
Each exchange may have differing withdrawal limits but at Kraken for example I can deposit unlimited and withdrawal limited to $20,000 worth of btc a day.Quote:
Originally Posted by tgull
Online brokers? For what?
Sell it yourself.
Because everyone else isn't daft enough to give out their account information to everyone on PFA.Quote:
Originally Posted by Krypt
To save further blushes I have at least properly redacted this one for you.
Krypt is rich. TID. Get in energy. Ride the wave.Quote:
Originally Posted by KryptI’m doing fine
Not what I said, you misread, I can DEPOSIT unlimited # of BTC, don't have to, simply can.Quote:
Originally Posted by PoohSo you can buy an unlimited amount of bitcoin and only sell 20k in a day? And we wonder why the thing keeps going up. Talk about being held hostage.Quote:
Originally Posted by DonaldTrumpsHairPiece
I hesitate to address your price comment but I will. The exchange does not limit what you can sell on the market so how much one can withdraw at once has nothing to do with the market price. Mind you with two scans and an email I can bump it to $200k.
You are 0 for 2 on that one Pooh.
It's stories like this that make me wonder if this will the crash to the system, like 2008 housing, dot com bubble, 1929, tulips, etc... Cryptos have no value because they are not backed by anything. They can't be a payment system because they have no interest rate and cannot be borrowed, and most importantly not backed by a government.Quote:
Originally Posted by Pooh
So that leaves bitcoin as an asset, but unlike gold which is coveted for jewelry for 10,000 years, you can't do anything with a sequence of numbers.
Most of the crypto trades (north of 50%) are in China, Japan and South Korea. Asains are notoriously famous for two things: saving and gambling. It's a paradox. There are a ton of Asians who hoard cash for generations. There are also many that will bankrupt their entire generation on the baccarat table.
Right now you have an unnatural market in that you have only mostly buyers, not many, if any, sellers. What I find fascinating is I have never heard anyone making a successful sell on the market of say 100 bitcoins at these prices for USD$. The online brokers don't have the cash to support the trade, so I assume the only way you can get it done it black market. Which is fucking scary.
This is really a paper market. There is no liquidity and the normal banking system will never support cashing in a flashdrive of bitcoin for say a million bucks. This is truly driven by FOMO and really nothing else. Fascinating. It's the whole 80-20 rule. 20% will make money, 80% will lose just about everything. I am not sure even if its 80-20 at this point, it might be 5-95%.
I am sitting this frenzy out. I got totally mauled on cant-miss dot com stocks in 1999 and an oil well that never produced at $4 gallon gas in 2005. Yes, I was part of the FOMO syndrome. If I feel the urge to gamble high stakes again, I will walk into a casino with $10K and sit at the roulette wheel. It's quick, easy and fun and over by 4am either way.
ur like a broken record you asshole
Quote:
Originally Posted by Pooh
Buddy of mine decided to buy 200k ADA coins a few months ago between 2.5 and 3 cents each. Told me about this when they were 5 cents. I had coinbase open on my browser and was thinking about throwing 10k in for shits and giggles. I didn't.
Do you know why you didn't put any money down Pooh?
Because ADA (Cardano) isn't even on Coinbase. I am not even sure this "friend" you spoke of may even exist.
I am just not going to trust this guy with my money below link. I get you are rolling in the bucks. But its not for me. I am a shade over 40, so I have history is these can't lose deals. Like I said, its a 5% win 95% lose proposition. I seem to end up in the 95% category. I literally would probably have over $10M if I had played by the rules over the last 19 years. I did not, but I recovered to the point I sleep well now. I don't own a yacht, but I have a 900 square foot condo in NW Florida I visit three times a year so its not all terrible.Quote:
Originally Posted by DonaldTrumpsHairPieceEach exchange may have differing withdrawal limits but at Kraken for example I can deposit unlimited and withdrawal limited to $20,000 worth of btc a day.Quote:
Originally Posted by tgull
Online brokers? For what?
Sell it yourself.
https://www.kraken.com/en-us/about
You have to do what you are comfortable with, I agree.Quote:
Originally Posted by tgullI am just not going to trust this guy with my money below link. I get you are rolling in the bucks. But its not for me. I am a shade over 40, so I have history is these can't lose deals. Like I said, its a 5% win 95% lose proposition. I seem to end up in the 95% category. I literally would probably have over $10M if I had played by the rules over the last 19 years. I did not, but I recovered to the point I sleep well now. I don't own a yacht, but I have a 900 square foot condo in NW Florida I visit three times a year so its not all terrible.Quote:
Originally Posted by DonaldTrumpsHairPiece
https://www.kraken.com/en-us/about
There's no question that crypto will crash one day to basically nothing. You know it, I know it and my buddy who made a killing knows it. It's just a matter of when. There's like hundred of these stupid crypto currencies and none are technically worth anything. I would guess at some point there will be regulation and a reputable company like Visa or MC will come in and take over the market. Great bubble though. Biggest we'll ever see in our lifetimes. I'm staying away though.Quote:
Originally Posted by tgullIt's stories like this that make me wonder if this will the crash to the system, like 2008 housing, dot com bubble, 1929, tulips, etc... Cryptos have no value because they are not backed by anything. They can't be a payment system because they have no interest rate and cannot be borrowed, and most importantly not backed by a government.Quote:
Originally Posted by Pooh
So that leaves bitcoin as an asset, but unlike gold which is coveted for jewelry for 10,000 years, you can't do anything with a sequence of numbers.
Most of the crypto trades (north of 50%) are in China, Japan and South Korea. Asains are notoriously famous for two things: saving and gambling. It's a paradox. There are a ton of Asians who hoard cash for generations. There are also many that will bankrupt their entire generation on the baccarat table.
Right now you have an unnatural market in that you have only mostly buyers, not many, if any, sellers. What I find fascinating is I have never heard anyone making a successful sell on the market of say 100 bitcoins at these prices for USD$. The online brokers don't have the cash to support the trade, so I assume the only way you can get it done it black market. Which is fucking scary.
This is really a paper market. There is no liquidity and the normal banking system will never support cashing in a flashdrive of bitcoin for say a million bucks. This is truly driven by FOMO and really nothing else. Fascinating. It's the whole 80-20 rule. 20% will make money, 80% will lose just about everything. I am not sure even if its 80-20 at this point, it might be 5-95%.
I am sitting this frenzy out. I got totally mauled on cant-miss dot com stocks in 1999 and an oil well that never produced at $4 gallon gas in 2005. Yes, I was part of the FOMO syndrome. If I feel the urge to gamble high stakes again, I will walk into a casino with $10K and sit at the roulette wheel. It's quick, easy and fun and over by 4am either way.
I don't know shit about any of this. All I know is he is on coinbase and trades through something like bitrex or whatever that exchange is. He sent me a screen shot. I believe the guy. He ain't a bullshitter. And 300k isn't a ton of money for either me or him so he isn't lying.Quote:
Originally Posted by DonaldTrumpsHairPieceQuote:
Originally Posted by Pooh
Buddy of mine decided to buy 200k ADA coins a few months ago between 2.5 and 3 cents each. Told me about this when they were 5 cents. I had coinbase open on my browser and was thinking about throwing 10k in for shits and giggles. I didn't.
Do you know why you didn't put any money down Pooh?
Because ADA (Cardano) isn't even on Coinbase. I am not even sure this "friend" you spoke of may even exist.
Quote:
Originally Posted by PoohI don't know shit about any of this. All I know is he is on coinbase and trades through something like bitrex or whatever that exchange is. He sent me a screen shot. I believe the guy. He ain't a bullshitter.Quote:
Originally Posted by DonaldTrumpsHairPiece
Do you know why you didn't put any money down Pooh?
Because ADA (Cardano) isn't even on Coinbase. I am not even sure this "friend" you spoke of may even exist.
By the way I am not questioning your friend's honesty in this discussion.Quote:
I had coinbase open on my browser
The fuck's your problem bro. He told me about it during the day. I went home that night and opened up coinbase because he said that's where you deposit the money then trade on bitrex. I have no fucking clue. Like I said I didn't invest. Didn't even research it to be honest. Just left the browser open on my computer for a couple days, got tired of looking at the tab and closed it. End of story.Quote:
Originally Posted by DonaldTrumpsHairPieceQuote:
Originally Posted by Pooh
By the way I am not questioning your friend's honesty in this discussion.Quote:
I had coinbase open on my browser
:lol2 This fucking clown thinks I'm lying about bitcoin of all things. Who is this fucking guy?
To be fair of the skepticism, everything I have read says these online exchanges limit you to $2,500 or $5,000 a withdraw. Obviously they do this because they don't have the cash on hand from various currencies to pay out. I get there are other exchanges where you can auction off your coins. It's hard to believe this market even exists. I am just curious why a pure gamble such as crypto these people would go through these headaches. Nobody has any idea of a coin value because it can't be valued, its a pure gamble, so why not go into a casino and bet red/black? I know the reason: People love to gamble and this is a slower way to gamble to get to an outcome. There is a reason why the Asian market is so attracted to bitcoins, its a pure gamble but it lasts longer than a night in the casino. FOMOQuote:
Originally Posted by PoohI don't know shit about any of this. All I know is he is on coinbase and trades through something like bitrex or whatever that exchange is. He sent me a screen shot. I believe the guy. He ain't a bullshitter. And 300k isn't a ton of money for either me or him so he isn't lying.Quote:
Originally Posted by DonaldTrumpsHairPiece
Do you know why you didn't put any money down Pooh?
Because ADA (Cardano) isn't even on Coinbase. I am not even sure this "friend" you spoke of may even exist.
Quote:
Originally Posted by Pooh
Because there are stupid returns to be made especially if you're in a situation where throwing 10-20k around without worrying about it too much. That ADA goes to $5 then it's life changing money. Just imo. I get the craze. Everyone loves the get rich quick thing. Used to be penny stocks. Now it's crypto. The big difference is this is the wild west where the market runs 24/7 and it's essentially controlled by foreign countries. I've never done much research on it, nor do I plan to but I do get the phenomenom.Quote:
Originally Posted by tgullTo be fair of the skepticism, everything I have read says these online exchanges limit you to $2,500 or $5,000 a withdraw. Obviously they do this because they don't have the cash on hand from various currencies to pay out. I get there are other exchanges where you can auction off your coins. It's hard to believe this market even exists. I am just curious why a pure gamble such as crypto these people would go through these headaches. Nobody has any idea of a coin value because it can't be valued, its a pure gamble, so why not go into a casino and bet red/black? I know the reason: People love to gamble and this is a slower way to gamble to get to an outcome. There is a reason why the Asian market is so attracted to bitcoins, its a pure gamble but it lasts longer than a night in the casino. FOMOQuote:
Originally Posted by Pooh
That is the ultimate risk for the economy. No wealth is getting created, just a hog on electricity. It's hard to believe. But people scratch lottery tickets all the time and that makes no sense either. You can see why the South Korean government is cracking down so hard. They see their entire youth population spending all their money on crypto. Because nobody sells it, or can sell it, purchases get made on margin for every day life. It's going to be a spectacular crash. What a vapor rush this must be. All these paper millionaires will never realize a dime. Like I said, there is always going to be 5% that makes a killing, maybe even a couple on this site. It's just not going to me.Quote:
Originally Posted by PoohBecause there are stupid returns to be made especially if you're in a situation where throwing 10-20k around without worrying about it too much. That ADA goes to $5 then it's life changing money. Just imo. I get the craze. Everyone loves the get rich quick thing. Used to be penny stocks. Now it's crypto. The big difference is this is the wild west where the market runs 24/7 and it's essentially controlled by foreign countries. I've never done much research on it, nor do I plan to but I do get the phenomenom.Quote:
Originally Posted by tgull
Quote:
Originally Posted by tgullThat is the ultimate risk for the economy. No wealth is getting created, just a hog on electricity.Quote:
Originally Posted by Pooh
No wealth?
You don't say, I would have never guessed.Quote:
Originally Posted by Pooh
Word on the streets is potcoin is the next to blow up, currently at .37.........
There is no wealth because its not an asset that produces earnings. There is no dividend, no intrinsic value, no interest rate, no sales, no earnings. The only value is FOMO (fear of missing out). The only wealth that is happening is from those that are selling, but its a transfer. Nothing is being created by bitcoin. You have a group of people hoarding "coins", driving the price up. Like I said, its a pure gamble, don't act like you know something everyone else does not. You are saying it will go up on gut feeling, nothing more, which makes it a gamble not an investment. And I like to gamble so I get it, I am not moralizing. You don't know anything more than anyone else on this board. What you are saying is you are doubling down on red, nothing more. It's gutsy, but its not based on anything other than a gamble. Not sure why you just don't walk into a casino and bet a large BJ hand.Quote:
Originally Posted by DonaldTrumpsHairPieceQuote:
Originally Posted by tgull
No wealth?
You don't say, I would have never guessed.Quote:
Originally Posted by Pooh
Maybe you are right, in fact I'll do it, will report back in a few days, need to find a casino near by that can handle the bet.Quote:
Originally Posted by tgullThere is no wealth because its not an asset that produces earnings. There is no dividend, no intrinsic value, no interest rate, no sales, no earnings. The only value is FOMO (fear of missing out). The only wealth that is happening is from those that are selling, but its a transfer. Nothing is being created by bitcoin. You have a group of people hoarding "coins", driving the price up. Like I said, its a pure gamble, don't act like you know something everyone else does not. You are saying it will go up on gut feeling, nothing more, which makes it a gamble not an investment. And I like to gamble so I get it, I am not moralizing. You don't know anything more than anyone else on this board. What you are saying is you are doubling down on red, nothing more. It's gutsy, but its not based on anything other than a gamble. Not sure why you just don't walk into a casino and bet a large BJ hand.Quote:
Originally Posted by DonaldTrumpsHairPiece
No wealth?
You don't say, I would have never guessed.Quote:
Originally Posted by Pooh
You have basically 50-50 odds and its fast. I have never done a bet more than $1,500 on a BJ table. I lost nine $1,000 plus bets in a row which is likely a record, I am still shaken by the experience and it was years ago - I actually misbet a hand, I stayed on a 16 when the dealer showed a 7 and after he won the hand the next card was a 5, ruined the deck. You know you are cratering when you get a 20 and the dreaded ace spikes the dealer and she asks if you want insurance. She is almost begging you say yes and you say no, poof.Quote:
Originally Posted by DonaldTrumpsHairPieceMaybe you are right, in fact I'll do it, will report back in a few days, need to find a casino near by that can handle the bet.Quote:
Originally Posted by tgullThere is no wealth because its not an asset that produces earnings. There is no dividend, no intrinsic value, no interest rate, no sales, no earnings. The only value is FOMO (fear of missing out). The only wealth that is happening is from those that are selling, but its a transfer. Nothing is being created by bitcoin. You have a group of people hoarding "coins", driving the price up. Like I said, its a pure gamble, don't act like you know something everyone else does not. You are saying it will go up on gut feeling, nothing more, which makes it a gamble not an investment. And I like to gamble so I get it, I am not moralizing. You don't know anything more than anyone else on this board. What you are saying is you are doubling down on red, nothing more. It's gutsy, but its not based on anything other than a gamble. Not sure why you just don't walk into a casino and bet a large BJ hand.Quote:
Originally Posted by DonaldTrumpsHairPiece
Casino chips when you think of it are crypto currency, the big difference is you can convert your chips for cash on the spot.
bottomset so pissed he isn't making any money off of crypto. The doubters are always the ones who are not making money off of it.
tgull: The only time i want to know where you are is when youbare 6 ft under
classy guy. I call you an asshole and you wish for me to die. Id love to meet you're ass face to face and see if ud say that to me you fucking pussy
I am not making money off of it because I don't want the hassles of learning it, risks, etc... I also think its a huge beanie babie scam that will blow up in people faces.Quote:
Originally Posted by big dick
You are also the dumb muther fucker who lectured us relentlessly on how much money you were going to make on Hillary Clinton. Never forget that smart guy. I mean, I lost a couple grand here and there, but you pushed all in on Hillary and got your fucking shit packed.
You understand this is a Dirty B rep, right. Go look half way down the page.Quote:
Originally Posted by big dick
https://pokerfraudalert.com/forum/sh...and-my-dresses
I lost 22k not exactly all in. It was a good bet and you know it was. I layed 2.2-1 and it went off at -800. Trump didn't even think he was gonna win.Quote:
Originally Posted by tgullI am not making money off of it because I don't want the hassles of learning it, risks, etc... I also think its a huge beanie babie scam that will blow up in people faces.Quote:
Originally Posted by big dick
You are also the dumb muther fucker who lectured us relentlessly on how much money you were going to make on Hillary Clinton. Never forget that smart guy. I mean, I lost a couple grand here and there, but you pushed all in on Hillary and got your fucking shit packed.
Stop wishing death on people it's a shitty thing to do.
Quote:
The market can remain irrational longer than you can remain solvent. - John Maynard Keynes
Looks like you learned something. You called the top incorrectly several times. Listen to Mr. Keynes advice.Quote:
Originally Posted by Krypt
Hey scrub I called the top at 20k like over a month ago and will stick by that
Quote:
Originally Posted by Krypt
Actually Krypt, you're the scrub, the kind of guy who can't get no love, probably hanging out the passenger side of his friends ride...paying for love.
If that makes no sense to you I went a lil old skool wit da beat.
I can't really tell if you ever say what you mean or you just try to be a pain in the ass. This is why you'll be put on the ignore list after this.Quote:
Originally Posted by tgullThere is no wealth because its not an asset that produces earnings. There is no dividend, no intrinsic value, no interest rate, no sales, no earnings. The only value is FOMO (fear of missing out). The only wealth that is happening is from those that are selling, but its a transfer. Nothing is being created by bitcoin. You have a group of people hoarding "coins", driving the price up. Like I said, its a pure gamble, don't act like you know something everyone else does not. You are saying it will go up on gut feeling, nothing more, which makes it a gamble not an investment. And I like to gamble so I get it, I am not moralizing. You don't know anything more than anyone else on this board. What you are saying is you are doubling down on red, nothing more. It's gutsy, but its not based on anything other than a gamble. Not sure why you just don't walk into a casino and bet a large BJ hand.Quote:
Originally Posted by DonaldTrumpsHairPiece
No wealth?
You don't say, I would have never guessed.Quote:
Originally Posted by Pooh
You make analogies with a stock. While a cryptocurrency could be issued as a stock, that is not what bitcoin does. There are however "coins" that do this. Those coins have dividends, "intrinsic value", etc. You are confused and ignorant.
BTC is a hedge against all monetary policies which you may become a victim to. It is an asset which can't be seized if you are clever. It can however be easily stole. There are many attributes that give BTC value, but if you flounder about making stock analogies you need to go back to the starting line.
I told people to get back in at $50 but it only hit $55. I can find the post on here if you want to pay me to do it. I also told people how to turn ~$30 into what would now be $3+ million. I've consistently told people many years ago what to do. I obviously knew far more than most. Do I know more now? Nah, probably not.
Nothing has changed. You're just as wrong now as you would have been back then. Just the opportunity is far far less.
https://bitcoinist.com/coinbase-anno...tionwide-bank/
#THOUGHTSANDPRAYERS
Quote:
Originally Posted by donkdowndonediedI can't really tell if you ever say what you mean or you just try to be a pain in the ass. This is why you'll be put on the ignore list after this.Quote:
Originally Posted by tgullThere is no wealth because its not an asset that produces earnings. There is no dividend, no intrinsic value, no interest rate, no sales, no earnings. The only value is FOMO (fear of missing out). The only wealth that is happening is from those that are selling, but its a transfer. Nothing is being created by bitcoin. You have a group of people hoarding "coins", driving the price up. Like I said, its a pure gamble, don't act like you know something everyone else does not. You are saying it will go up on gut feeling, nothing more, which makes it a gamble not an investment. And I like to gamble so I get it, I am not moralizing. You don't know anything more than anyone else on this board. What you are saying is you are doubling down on red, nothing more. It's gutsy, but its not based on anything other than a gamble. Not sure why you just don't walk into a casino and bet a large BJ hand.Quote:
Originally Posted by DonaldTrumpsHairPiece
You make analogies with a stock. While a cryptocurrency could be issued as a stock, that is not what bitcoin does. There are however "coins" that do this. Those coins have dividends, "intrinsic value", etc. You are confused and ignorant.
BTC is a hedge against all monetary policies which you may become a victim to. It is an asset which can't be seized if you are clever. It can however be easily stole. There are many attributes that give BTC value, but if you flounder about making stock analogies you need to go back to the starting line.
I told people to get back in at $50 but it only hit $55. I can find the post on here if you want to pay me to do it. I also told people how to turn ~$30 into what would now be $3+ million. I've consistently told people many years ago what to do. I obviously knew far more than most. Do I know more now? Nah, probably not.
Nothing has changed. You're just as wrong now as you would have been back then. Just the opportunity is far far less.
cut the bullshit. How much did you make net net?
BTW fellas no one panic sell after checking coinmarketcap, they just excluded Korean exchanges so over all price plunge on all coins that saw inflated shown prices because of it. No actual plunge has happened generally.
For example some 17% dives are really 10% and so on, just depends what volume was in Korea on a per coin basis.
Bullshit? I stuck with facts that can be verified. If I go beyond that, then it could very well be bullshit.Quote:
Originally Posted by KryptQuote:
Originally Posted by donkdowndonediedI can't really tell if you ever say what you mean or you just try to be a pain in the ass. This is why you'll be put on the ignore list after this.Quote:
Originally Posted by tgull
You make analogies with a stock. While a cryptocurrency could be issued as a stock, that is not what bitcoin does. There are however "coins" that do this. Those coins have dividends, "intrinsic value", etc. You are confused and ignorant.
BTC is a hedge against all monetary policies which you may become a victim to. It is an asset which can't be seized if you are clever. It can however be easily stole. There are many attributes that give BTC value, but if you flounder about making stock analogies you need to go back to the starting line.
I told people to get back in at $50 but it only hit $55. I can find the post on here if you want to pay me to do it. I also told people how to turn ~$30 into what would now be $3+ million. I've consistently told people many years ago what to do. I obviously knew far more than most. Do I know more now? Nah, probably not.
Nothing has changed. You're just as wrong now as you would have been back then. Just the opportunity is far far less.
cut the bullshit. How much did you make net net?
I've done quite well. It is hard for an early adopter to not have done well.
Nationwide is a tinpot bank and they are doing their customers a favour by not pointing them at coinbase.Quote:
Originally Posted by OSA