Bitcoins are officially donkdown

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Originally Posted by Dan Druff

Soooooooooo.... we gonna see another pop to 11500 or so, or is this the big return-to-4-figures that everyone has been fearing?

Tempting to buy some and take a flier, but I just kinda have a feeling that this one might be the big beatdown.

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Druff, honestly, I think you have a higher chance of a better risk-adjusted return by just taking that "flier money" and increasing the size of your basketball bets that you've been doing. I honestly do. You might make more in bitcoin, but, I think you're risk-adjusted return would be much higher with the basketball bets...I think the odds of what you're doing is profitable are high even with that sample size and not knowing what you do. You should still be able to avoid a ROUT (quiting when you realize that you thought you had a good system but didn't), which you couldn't do with BTC if it goes into a true freefall.

BTC 9,761, but only because the next fool will pay that right now...could be 20,000 or 2,000 next month.

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Originally Posted by Forum Wars

I think Micon came the closest to this - from the guys on these sites - and even he couldn't get anywhere near the zenith #

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Micon's belief since the early days was to hold bitcoin and that they would be worth a fortune one day.

However, the rumors I hear are that he hasn't practiced what he preached.

No confirmation on this, but that's what I heard from a number of people.

seriously tho facebook straight banned cryptocurrencies; try to imagine how many people that flushed out of the market.

https://www.seattletimes.com/opinion...-ponzi-scheme/

This is from today. Maybe I should be liquidating...




...my assets and puting it all in BTC and going into a 7 year coma...

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Originally Posted by Forum Wars

https://www.seattletimes.com/opinion...-ponzi-scheme/

This is from today. Maybe I should be liquidating...




...my assets and puting it all in BTC and going into a 7 year coma...

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What about the fact that those who bought bitcoin early have made huge amounts of money? Well, people who invested with Bernie Madoff also made lots of money, or at least seemed to, for a long time.

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https://i.imgur.com/NvKcbD1.gif

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Originally Posted by sonatine

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Originally Posted by manowar

Bitcoins today are worth the same amount as they were last week and the week before. They are up about 700% since the beginning of the year. I wish all my investments were as officially donkdown as this one.

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http://i.imgur.com/3vLWeTQ.gif

they will be, hoser.

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Flashback, from 2013.

Pretty fucking obvious what happens next. Weak hands are gone. Big money has bought in cheap. Now time to change the news cycle. Media will start creating FOMO.. In feb I expect to see stories along the lines of Bitcoin price will never be this low again. January's crash was completely normal. Now that korea etc are back in the game btc skyrocket etc. I predict this will start next week

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Originally Posted by SetofKs

Pretty fucking obvious what happens next. Weak hands are gone. Big money has bought in cheap. Now time to change the news cycle. Media will start creating FOMO.. In feb I expect to see stories along the lines of Bitcoin price will never be this low again. January's crash was completely normal. Now that korea etc are back in the game btc skyrocket etc. I predict this will start next week

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.

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Originally Posted by Dan Druff

Soooooooooo.... we gonna see another pop to 11500 or so, or is this the big return-to-4-figures that everyone has been fearing?

Tempting to buy some and take a flier, but I just kinda have a feeling that this one might be the big beatdown.

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Id wait til it dips to $8700 then pounce!! Cuz its going there! A little drone told me that

SICK REVERSION

krypt do not fall for tines web of lies you have like 3 more years before you body paunches out armenian dad style DO NOT LET HIM DRAG YOU DOWN WITH HIM

I literally lost $80 on my way to the bitcoin ATM, not to mention the 5% fee.

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Originally Posted by Mintjewlips

I literally lost $80 on my way to the bitcoin ATM, not to mention the 5% fee.

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5%? That's cheap.

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Originally Posted by snake_in_the_ass

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Originally Posted by Mintjewlips

I literally lost $80 on my way to the bitcoin ATM, not to mention the 5% fee.

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5%? That's cheap.

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Yes, that's what I was thinking, but I'm not going to argue with that lol.

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Originally Posted by SetofKs

Pretty fucking obvious what happens next. Weak hands are gone. Big money has bought in cheap. Now time to change the news cycle. Media will start creating FOMO.. In feb I expect to see stories along the lines of Bitcoin price will never be this low again. January's crash was completely normal. Now that korea etc are back in the game btc skyrocket etc. I predict this will start next week

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As the Internet is to information, Blockchain is to Money.

Information matters - but to most people - money matters a lot more.






I can't take credit for that sadly but there is a lot of truth to what he said,and no Im not A blockchain expert it's confusing af tbh but I have figured out that it's gonna be used worldwide in peoples daily lives going forward and therefore is going to be worth a dickload of money.

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Originally Posted by big dick

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Originally Posted by SetofKs

Pretty fucking obvious what happens next. Weak hands are gone. Big money has bought in cheap. Now time to change the news cycle. Media will start creating FOMO.. In feb I expect to see stories along the lines of Bitcoin price will never be this low again. January's crash was completely normal. Now that korea etc are back in the game btc skyrocket etc. I predict this will start next week

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As the Internet is to information, Blockchain is to Money.

Information matters - but to most people - money matters a lot more.






I can't take credit for that sadly but there is a lot of truth to what he said,and no Im not A blockchain expert it's confusing af tbh but I have figured out that it's gonna be used worldwide in peoples daily lives going forward and therefore is going to be worth a dickload of money.

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You would like to be able to take credit for that? I read it five times at least and I don't get it Can you explain how they correlate?

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Originally Posted by big dick

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Originally Posted by SetofKs

Pretty fucking obvious what happens next. Weak hands are gone. Big money has bought in cheap. Now time to change the news cycle. Media will start creating FOMO.. In feb I expect to see stories along the lines of Bitcoin price will never be this low again. January's crash was completely normal. Now that korea etc are back in the game btc skyrocket etc. I predict this will start next week

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As the Internet is to information, Blockchain is to Money.

Information matters - but to most people - money matters a lot more.






I can't take credit for that sadly but there is a lot of truth to what he said,and no Im not A blockchain expert it's confusing af tbh but I have figured out that it's gonna be used worldwide in peoples daily lives going forward and therefore is going to be worth a dickload of money.

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Thing is, owning BTC or any other cryptocoins is not going to equal money in your pocket regarding future use of blockchain.

Whoever monetizes this technology will do it themselves. As in, if a bank decides to use this tech for credit or debit cards they will do it with their own custom proprietary software.

Blockchain is gonna be huge like the internet is and widely used like the internet.

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Originally Posted by Salty_Aus

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Originally Posted by big dick

As the Internet is to information, Blockchain is to Money.

Information matters - but to most people - money matters a lot more.






I can't take credit for that sadly but there is a lot of truth to what he said,and no Im not A blockchain expert it's confusing af tbh but I have figured out that it's gonna be used worldwide in peoples daily lives going forward and therefore is going to be worth a dickload of money.

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Thing is, owning BTC or any other cryptocoins is not going to equal money in your pocket regarding future use of blockchain.

Whoever monetizes this technology will do it themselves. As in, if a bank decides to use this tech for credit or debit cards they will do it with their own custom proprietary software.

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Or these companies will buy the current crypto companies or partner with them instead.
Nobody knows for sure, it's a gamble ,but blockchain 100% will used going forward.

Here is a 2 min video on icon website showing one use of blockchain. Give it the full 2 minutes and then tell me insurance companies are not gonna use this? Or Dr's?

https://www.icon.foundation/contents...roduce?lang=en

People buying up today's crypto, stating, "This is the future! I've got to get in on the ground floor!" make about as much sense as someone who bought up thousands of Betamax VCRs in the early 1980s, stating that they would be the future of watching television.

Even though the concept of recording television shows was indeed revolutionary and changed the way television entertainment was viewed, anyone who hoarded the earliest technology (believing it to be more valuable later) would have gotten destroyed.

I don't doubt that blockchain technology will have use in the future, and I believe cryptocurrency isn't gong away. However, all forms we see today will not be long term players, and people in 2030 will be laughing at fools in 2018 who thought bitcoin were going to be eternally valuable.

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Originally Posted by sonatine

Bank just pulled Cryptopia's account, users have until Feb 9 to fuck off.

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Banks are claiming they are doing this to avoid money laundering and other criminal activities, this is nothing but an excuse.
It's harder to get cash out of Cryptopia then it is to open a bank account in regard to identification.

I noticed today that all of the alt coins I'm holding on Cryptopia all made nice gains, you can still trade all coins but simply can't receive NZD or deposit NZD.

Cryptopia is ripping people off blind. They don't charge huge fees to trade, but whn you want to take your coins off their site they charge a ridiculous "exit fee" which is totally dependent on which alt coin you want to take off their site. in BTC it's about $20AUD, ETH it's about $10AUD just to take your coins elsewhere.
I figured a way to bypass it though, swap all coins for dogecoins and they only sting you 3 DOGE to exit. (about $0.02AUD)

Funny how the joke coin has become so useful. :)

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Originally Posted by big dick

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Originally Posted by Salty_Aus

Thing is, owning BTC or any other cryptocoins is not going to equal money in your pocket regarding future use of blockchain.

Whoever monetizes this technology will do it themselves. As in, if a bank decides to use this tech for credit or debit cards they will do it with their own custom proprietary software.

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Or these companies will buy the current crypto companies or partner with them instead.
Nobody knows for sure, it's a gamble ,but blockchain 100% will used going forward.

Here is a 2 min video on icon website showing one use of blockchain. Give it the full 2 minutes and then tell me insurance companies are not gonna use this? Or Dr's?

https://www.icon.foundation/contents...roduce?lang=en

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100% they will not partner up with anybody, they will simply use the technology themselves.

Banks are fucking greedy dude, why pay someone when the technology is out there and free?

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Originally Posted by Dan Druff

People buying up today's crypto, stating, "This is the future! I've got to get in on the ground floor!" make about as much sense as someone who bought up thousands of Betamax VCRs in the early 1980s, stating that they would be the future of watching television.

Even though the concept of recording television shows was indeed revolutionary and changed the way television entertainment was viewed, anyone who hoarded the earliest technology (believing it to be more valuable later) would have gotten destroyed.

I don't doubt that blockchain technology will have use in the future, and I believe cryptocurrency isn't gong away. However, all forms we see today will not be long term players, and people in 2030 will be laughing at fools in 2018 who thought bitcoin were going to be eternally valuable.

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Im gonna buy and keep buying and hope i'm correct.
Blockchain is a lot more complex and useful than a vcr

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Originally Posted by big dick

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Originally Posted by Dan Druff

People buying up today's crypto, stating, "This is the future! I've got to get in on the ground floor!" make about as much sense as someone who bought up thousands of Betamax VCRs in the early 1980s, stating that they would be the future of watching television.

Even though the concept of recording television shows was indeed revolutionary and changed the way television entertainment was viewed, anyone who hoarded the earliest technology (believing it to be more valuable later) would have gotten destroyed.

I don't doubt that blockchain technology will have use in the future, and I believe cryptocurrency isn't gong away. However, all forms we see today will not be long term players, and people in 2030 will be laughing at fools in 2018 who thought bitcoin were going to be eternally valuable.

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Im gonna buy and keep buying and hope i'm correct.
Blockchain is a lot more complex and useful than a vcr

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I think you're missing the point.

This technology is open source and free to utilize however you wish.

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Originally Posted by big dick

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Originally Posted by Dan Druff

People buying up today's crypto, stating, "This is the future! I've got to get in on the ground floor!" make about as much sense as someone who bought up thousands of Betamax VCRs in the early 1980s, stating that they would be the future of watching television.

Even though the concept of recording television shows was indeed revolutionary and changed the way television entertainment was viewed, anyone who hoarded the earliest technology (believing it to be more valuable later) would have gotten destroyed.

I don't doubt that blockchain technology will have use in the future, and I believe cryptocurrency isn't gong away. However, all forms we see today will not be long term players, and people in 2030 will be laughing at fools in 2018 who thought bitcoin were going to be eternally valuable.

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Im gonna buy and keep buying and hope i'm correct.
Blockchain is a lot more complex and useful than a vcr

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Becareful dude Blockchain does not equal cryptocurrency... the final stage or one of the final stages which will be widely used has most likely not been created or has but is not widely known and the "currency" backing it will not be one of the main ones (except maybe ETH). I made some money trading in and out but I'm taking my profit and I'm out. Buying fins and going longer crude.

searching at dice.com:

database jobs
15,387 positions

Python Developer jobs
32,015 positions

tech support jobs
37,817 positions

blockchain jobs
134 positions

draw your own conclusions.

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Originally Posted by Dan Druff

People buying up today's crypto, stating, "This is the future! I've got to get in on the ground floor!" make about as much sense as someone who bought up thousands of Betamax VCRs in the early 1980s, stating that they would be the future of watching television.

Even though the concept of recording television shows was indeed revolutionary and changed the way television entertainment was viewed, anyone who hoarded the earliest technology (believing it to be more valuable later) would have gotten destroyed.

I don't doubt that blockchain technology will have use in the future, and I believe cryptocurrency isn't gong away. However, all forms we see today will not be long term players, and people in 2030 will be laughing at fools in 2018 who thought bitcoin were going to be eternally valuable.

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Obviously nobody knows what is going to be good yet because we are still in the early stages of this. And it is probably likely that a lot of these Cryptos will not be around after a certain period of time. But that does not mean that it is foolish to gamble with this stuff (unless someone is not educated).

Anyone just blindly buying up anything and everything to "get in on the ground floor" is a moron and will get destroyed. It works the same with most markets that you can gamble in. Just like the people who used to join the biggest games on Full Tilt poker so they could sit with Phil Ivey were foolish too. To expand on the poker analogy how many skins did you play on back in the day that are no longer around now? It will probably be similar with Crypto. Anyone who can critically think can see this but there are always going to be fish who don't and they will get severely owned.

On the other hand there are people who are using what they deem "good" information to try and find the next Nintendo or Apple or however you want to describe it and while trying to find these gems they are making easy scores from the thousands into the millions based off of good information or just pure logic.

Not everything is going to last and people are going to get slaughtered that are sinking big money into this and not pulling any out. Bitcoin may be one that gets slaughtered but here we are almost 10 years later and it is still trading at 5000 x what it was when it started getting somewhat popular. Bitcoin may go donkdown some day but you can't deny the project has been wildly successful up until this point and has led to the current crypto boom we are in now.


This is going to be similar to poker in a sense that a very very high % of people playing the crypto game are going to get crushed and the more educated/ disciplined and knowledgeable and in some cases lucky people are going to do very well.

Meanwhile, the American trucking association says the industry needs to hire 90k drivers year just to meet demands and is currently short 50k, and the projected 10 year growth is 5% in jobs


:lol4

Yes.....learn to code.....

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Originally Posted by Mintjewlips

Meanwhile, the American trucking association says the industry needs to hire 90k drivers year just to meet demands and is currently short 50k, and the projected 10 year growth is 5% in jobs


:lol4

Yes.....learn to code.....

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Someone needs to write the AI thats going to fill those roles.

26 mins into episode great interview with creator of dogecoin

http://www.cbc.ca/radio/spark/382-yo...bble-1.4502508

Regardless of what you think the crypto market will do years from now im nearly certain that ETHOS will spike in price end of q1 when this wallet is released, so if you think the tech is bullshit or the market is bullshit you can just sell after release of wallet but imo this is a winner. Here is a breakdown of what ETHOS is going to do.
I plan to hold longterm

https://www.altcoinss.com/news/news-...nager?uid=7401


READ THIS ALSO

https://www.reddit.com/r/ethos_io/co..._timelineread/

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Originally Posted by Dan Druff

People buying up today's crypto, stating, "This is the future! I've got to get in on the ground floor!" make about as much sense as someone who bought up thousands of Betamax VCRs in the early 1980s, stating that they would be the future of watching television.

Even though the concept of recording television shows was indeed revolutionary and changed the way television entertainment was viewed, anyone who hoarded the earliest technology (believing it to be more valuable later) would have gotten destroyed.

I don't doubt that blockchain technology will have use in the future, and I believe cryptocurrency isn't gong away. However, all forms we see today will not be long term players, and people in 2030 will be laughing at fools in 2018 who thought bitcoin were going to be eternally valuable.

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Who made the VCRs? Would you have made money had you invested in the company that made them? Im thinking you mita made a few bucks had you invested in them in say 1982.

https://www.youtube.com/watch?v=IZr6AE-u2UM

Damn, sure must'a pissed of sonatine in order for him to make up a fake quote about me and put it in his signature. LOLOL. Go outside once a week or so sonatine, it's good for you.

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Originally Posted by RS_

Damn, sure must'a pissed of sonatine in order for him to make up a fake quote about me and put it in his signature. LOLOL. Go outside once a week or so sonatine, it's good for you.

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Ohhhhh I see what happened, the guy who PM'd it to me didnt quote it right. That's totally from someone else.

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Originally Posted by RS_

Damn, sure must'a pissed of sonatine in order for him to make up a fake quote about me and put it in his signature. LOLOL. Go outside once a week or so sonatine, it's good for you.

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I don't understand the point of doing classic dupe shit like making typos if two seconds later you are going to know everyone.

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Originally Posted by sonatine

Ohhhhh I see what happened, the guy who PM'd it to me didnt quote it right. That's totally from someone else.

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Touche. I forgive you.

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Originally Posted by Brittney Griner's Clit

I don't understand the point of doing classic dupe shit like making typos if two seconds later you are going to know everyone.

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What?

https://www.nytimes.com/2018/01/31/t...oin-price.html

 

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A growing number of virtual currency investors are worried that the prices of Bitcoin and other digital tokens have been artificially propped up by a widely used exchange called Bitfinex, which has a checkered history of hacks and opaque business practices.

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https://i.imgur.com/ZOB9YMN.png

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It appears to be the end of the road for cryptocurrencies in India.

Finance minster Arun Jaitley, in his budget speech today (on Feb. 01), stated that the government will do everything to discontinue the use of bitcoin and other virtual currencies in India. He reiterated that India does not recognise them as a legal tender and will instead encourage blockchain technology in payment systems.

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Dear Coinbase Customer

We’re writing because you have a credit card on file and want to inform you of a recent change that may increase the cost of purchasing digital currency with a credit card.


Recently, the MCC code for digital currency purchases was changed by a number of the major credit card networks. The new code will allow banks and card issuers to charge additional "cash advance" fees. These fees are not charged or collected by Coinbase. These additional fees will show up as a separate line item on your card statement.

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so yeah if im reading this right, coinbase is now processing all credit card transactions as cash advances.

which of course have higher aprs in addition to being more expensive now.