Bitcoins are officially donkdown

GL DTHP

I've heard so many so called experts say bitcoin will dip to 6k at some point this year and hit 60k. While 60k at the moment seems unrealistic so did 18k last year so never count it out.

With anything it's a risk but you're best to get in now then be some goon who was starting out for the first time when it was 15k+

Probably at the Blue Dot, more or less. This doesn't neatly jive with bitcoin, but, whatever...

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Originally Posted by DonaldTrumpsHairPiece

I just sold or loaned against everything I own, all in on BTC and XRP, will cash out once BTC hits $12k and XRP $1.39

I stand to make several hundred thousand approx. 6 large before taxes and loan payments should my bet pay off. I can carry this for about 2-3 months.

The sooner my numbers hit the better of course.

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TID

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Originally Posted by Forum Wars

Probably at the Blue Dot, more or less. This doesn't neatly jive with bitcoin, but, whatever...

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REVISION, wow did I read the real chart wrong...I think we are actually IN THE FEAR PHASE NOW...that is, already in FEAR and ready for CAPITULATION!!! WHOA, I didn't realize it was this far along....



Come on, that's UNCANNY. FIVE OR TEN MORE DAYS...

The next leg down is going to hurt.

https://youtu.be/sHrod2skYPo?t=23

Back to hood rich

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Originally Posted by Forum Wars

https://youtu.be/sHrod2skYPo?t=23

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Margin Clerk on the other line?

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Originally Posted by Forum Wars

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Originally Posted by Forum Wars

Probably at the Blue Dot, more or less. This doesn't neatly jive with bitcoin, but, whatever...

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REVISION, wow did I read the real chart wrong...I think we are actually IN THE FEAR PHASE NOW...that is, already in FEAR and ready for CAPITULATION!!! WHOA, I didn't realize it was this far along....



Come on, that's UNCANNY. FIVE OR TEN MORE DAYS...

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You guys and that fucking graph. They started posting that graph when BTC went from $10 to $100, and then it showed up again when BTC went from $100 to $1000.


Now it's back again, and people are using big words like UNCANNY..


:facepalm

I love these new terms of "stored value" and "liquid gold". Reminds me of the Dot.Com 1999 days when people threw around "new economy" and "profits don't matter". Fundamentals always matter. I was standing in line today at Dunkin Donuts, never once did I think "Boy, it would be nice to pay with a Bitcoin". Nobody fucking says that. As soon as the US uncovers some major crime beyond just Silkroad, you can be assured this payment channel will be canceled and only exist underground. Not to say there is no market, but if the largest economies reject it, or regulate it to the point it's not worth it, it's going to be black market and that is about it.

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Originally Posted by The_Lurker

Now it's back again, and people are using big words like UNCANNY..

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No, no, we're past the denial phase, that was just after the peak.

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Originally Posted by Forum Wars

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Originally Posted by The_Lurker

Now it's back again, and people are using big words like UNCANNY..

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No, no, we're past the denial phase, that was just after the peak.

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:facepalm

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Originally Posted by Forum Wars

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Originally Posted by The_Lurker

Now it's back again, and people are using big words like UNCANNY..

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No, no, we're past the denial phase, that was just after the peak.

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The Lurker has not been the same since he whacked his head on the pavement after getting drunk on a roof. Not been the same, probably some clotting building. It is sad watching someone deteriorate.

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Originally Posted by tgull

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Originally Posted by Forum Wars

No, no, we're past the denial phase, that was just after the peak.

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The Lurker has not been the same since he whacked his head on the pavement after getting drunk on a roof. Not been the same, probably some clotting building. It is sad watching someone deteriorate.

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Originally Posted by The_Lurker

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Originally Posted by Forum Wars

REVISION, wow did I read the real chart wrong...I think we are actually IN THE FEAR PHASE NOW...that is, already in FEAR and ready for CAPITULATION!!! WHOA, I didn't realize it was this far along....



Come on, that's UNCANNY. FIVE OR TEN MORE DAYS...

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You guys and that fucking graph. They started posting that graph when BTC went from $10 to $100, and then it showed up again when BTC went from $100 to $1000.


Now it's back again, and people are using big words like UNCANNY..


:facepalm

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Bunch of fags who want to see other people miserable cus they aren't making any, like a spoiled child would do.
Forum wars pound you graphs straight up your ass.

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Originally Posted by tgull

I love these new terms of "stored value" and "liquid gold". Reminds me of the Dot.Com 1999 days when people threw around "new economy" and "profits don't matter". Fundamentals always matter. I was standing in line today at Dunkin Donuts, never once did I think "Boy, it would be nice to pay with a Bitcoin". Nobody fucking says that. As soon as the US uncovers some major crime beyond just Silkroad, you can be assured this payment channel will be canceled and only exist underground. Not to say there is no market, but if the largest economies reject it, or regulate it to the point it's not worth it, it's going to be black market and that is about it.

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You make the same exact post every week or so choke on a large dick loser

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Originally Posted by big dick

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Originally Posted by tgull

I love these new terms of "stored value" and "liquid gold". Reminds me of the Dot.Com 1999 days when people threw around "new economy" and "profits don't matter". Fundamentals always matter. I was standing in line today at Dunkin Donuts, never once did I think "Boy, it would be nice to pay with a Bitcoin". Nobody fucking says that. As soon as the US uncovers some major crime beyond just Silkroad, you can be assured this payment channel will be canceled and only exist underground. Not to say there is no market, but if the largest economies reject it, or regulate it to the point it's not worth it, it's going to be black market and that is about it.

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You make the same exact post every week or so choke on a large dick loser

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Wait until the Bitcoin memo gets on Trump's desk in a couple months from AG Sessions, and there is evidence of bitcoin was used to fund human trafficking over the border. This is when you will see bitcoin go to about $200 a coin. You will see it either become illegal or massive regulated and taxed.

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Originally Posted by big dick

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Originally Posted by The_Lurker

You guys and that fucking graph. They started posting that graph when BTC went from $10 to $100, and then it showed up again when BTC went from $100 to $1000.


Now it's back again, and people are using big words like UNCANNY..


:facepalm

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Bunch of fags who want to see other people miserable cus they aren't making any, like a spoiled child would do.
Forum wars pound you graphs straight up your ass.

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They're not my graphs; they're the data about what's actually happening's graphs.

PS: I don't want to see people miserable...if one person gets out without taking a bath who otherwise wouldn't cuz they see this, that's a good thing right?

You're not a dick sorry for the insult.

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Originally Posted by Forum Wars

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Originally Posted by big dick

Bunch of fags who want to see other people miserable cus they aren't making any, like a spoiled child would do.
Forum wars pound you graphs straight up your ass.

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They're not my graphs; they're the data about what's actually happening's graphs.

PS: I don't want to see people miserable...if one person gets out without taking a bath who otherwise wouldn't cuz they see this, that's a good thing right?

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The graph was meaningless at $100, $1000, and it's meaningless now. I am sorry that you can't see that, but you are wrong.

I have believed that BTC was a joke from the start, and it has changed my financial world more than all my years of hard work and saving. All because Freemoney gave me 3 BTC and the 2 btc buy in game on seals played like .25 .50 on stars in 2006.


I honestly believe that bitcoin will eventually end up at 0, But your stupid fucking graph has ZERO relevance here.

I'm hoping for a nice bounce, I like the well endowed one, and the hair piece. Plus I've not made enough for a new gaming rig yet. :)

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Originally Posted by The_Lurker

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Originally Posted by Forum Wars

They're not my graphs; they're the data about what's actually happening's graphs.

PS: I don't want to see people miserable...if one person gets out without taking a bath who otherwise wouldn't cuz they see this, that's a good thing right?

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The graph was meaningless at $100, $1000, and it's meaningless now. I am sorry that you can't see that, but you are wrong.

I have believed that BTC was a joke from the start, and it has changed my financial world more than all my years of hard work and saving. All because Freemoney gave me 3 BTC and the 2 btc buy in game on seals played like .25 .50 on stars in 2006.


I honestly believe that bitcoin will eventually end up at 0, But your stupid fucking graph has ZERO relevance here.

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It seems to me that the graph is uncannily unwrong this time, so I posted it. It even has that whole media attention thing going on at sort of the right time. If you can't handle uncanny, what are you going to do when I start using capitulation in a few days?

Those are nice profits you made/got.

Nobody can explain why BTC was really worth $19,500 at any point, except for public hype.

Why is it hard to believe that the public hype is wearing off, especially since BTC's practical utilization doesn't really exist, aside from using it for large transactions where both sides are willing to take the risk of value fluctuation?

Nothing has fundamentally changed since January 2017, when the price was $800 at one point. The only real changes we've seen were the hard fork (bitcoin cash) and the meteoric rise in popularity of alts.

But honestly, if the public has decided bitcoin itself isn't the future and doesn't have real value other than what others are willing to pay, this will be a steep, painful ride down, with perhaps some small periods of relief as people attempt to buy what they think is low.

I'm honestly seeing a lot of the same delusion as I saw in 2001, when people thought that any "innovative" new .com site was automatically worth millions, even if they never turned a profit and had no real viable plan to capture a market.

I'll admit to being wrong about bitcoin many times before, but that was before the public got super-enthusiastic about it, and we were more dealing with the reactions of the BTC community. Now we're dealing with the public, and this isn't going to end well.

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Originally Posted by The_Lurker

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Originally Posted by Forum Wars

They're not my graphs; they're the data about what's actually happening's graphs.

PS: I don't want to see people miserable...if one person gets out without taking a bath who otherwise wouldn't cuz they see this, that's a good thing right?

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The graph was meaningless at $100, $1000, and it's meaningless now. I am sorry that you can't see that, but you are wrong.

I have believed that BTC was a joke from the start, and it has changed my financial world more than all my years of hard work and saving. All because Freemoney gave me 3 BTC and the 2 btc buy in game on seals played like .25 .50 on stars in 2006.


I honestly believe that bitcoin will eventually end up at 0, But your stupid fucking graph has ZERO relevance here.

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We need more details please. When how much ect ect

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Originally Posted by Dan Druff

Nobody can explain why BTC was really worth $19,500 at any point, except for public hype.

Why is it hard to believe that the public hype is wearing off, especially since BTC's practical utilization doesn't really exist, aside from using it for large transactions where both sides are willing to take the risk of value fluctuation?

Nothing has fundamentally changed since January 2017, when the price was $800 at one point. The only real changes we've seen were the hard fork (bitcoin cash) and the meteoric rise in popularity of alts.

But honestly, if the public has decided bitcoin itself isn't the future and doesn't have real value other than what others are willing to pay, this will be a steep, painful ride down, with perhaps some small periods of relief as people attempt to buy what they think is low.

I'm honestly seeing a lot of the same delusion as I saw in 2001, when people thought that any "innovative" new .com site was automatically worth millions, even if they never turned a profit and had no real viable plan to capture a market.

I'll admit to being wrong about bitcoin many times before, but that was before the public got super-enthusiastic about it, and we were more dealing with the reactions of the BTC community. Now we're dealing with the public, and this isn't going to end well.

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"
You are still correct, there is no documented exchanges where you can sell say 1000 bitcoins and convert immediately to cash. There are strict sell limits. You are limited to auctions on sites shadier than poker sites. This is just a new casino game. This is a hilarious game to follow. It's like Big Dick saying he has a fool proof way to make money on the 2016 election. The only reason bitcoin is going up is the buzz about 'blockchain' and going to a "Million a Coin and some dumb redneck gets FOMO syndrome and puts his car title on the line. When the broader economy stalls, and it will, this shit will implode. But the economy is great now, lots of disposable income, although I think we are a few months away in the States from bitcoin being illegal or over-regulated.

How much would you like to bet on that few month prediction? Put your money where your mouth is

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Originally Posted by big dick

How much would you like to bet on that few month prediction? Put your money where your mouth is

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You already convinced yourself bitcoin is going to $30,000, $100,000 and $1,000,000. I suspect Bitcoin will be severely regulated by the Feds in 2018, or banned, and it will crater. You just can't make anonymous transactions in this world, at least the free world. You want to do business in the Sudan and North Korea, this is the 'currency' for you. Dummy.

You have no reason to bet, just dump it all in bitcoin. We are all lemmings, and you are an "early adopter", another pos term from this scam.

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Originally Posted by Dan Druff

Nobody can explain why BTC was really worth $19,500 at any point, except for public hype.

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the fallacy is so much more pure than that; a bitcoin cant be worth $19,500 if you cant sell them all for that price.

there are about 17,000,000 bitcoins mined right now. value for each bitcoin was never at any point in human history n = ( 17,000,000 * $19,500 ) / 17,000,000, for the most obvious reason in the fucking world; there was never $331,500,000,000 available to pay for those 17,000,000 bitcoins.

the value of a bitcoin is an aggregate of all the values it would pass through on its way to zero divided by the number of bitcoins mined.

and that number, which represents the actual mathematic value of a bitcoin, is approximately..... *fuckall*.

http://www.tycollector.com/beanies/b...beanie-fam.jpg

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

TINE PROVED 11 PERCENT RIGHT AND IS EATING RIGHT NOW

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Originally Posted by Dan Druff

I'll admit to being wrong about bitcoin many times before, but that was before the public got super-enthusiastic about it, and we were more dealing with the reactions of the BTC community. Now we're dealing with the public, and this isn't going to end well.

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I can't say this 100 % certainty but the price rise I am led to believe is from mostly institutional money that was pumped in after the futures were announced. Was there a lot of public BTC action, yes but I am not sure it is what caused the price to inflate as much as it did.

Can we get an official prediction on how you see Bitcoin doing for the rest of 2018?

Do you see under 1k? Ever over 5 figures again?

And technically speaking things are changing as of this past month. I am not an expert on the tech side of things but the fees have been next to nothing

https://en.wikipedia.org/wiki/Lightning_Network

i know youre not asking me because obviously i dont do predictions because divination is the devils work but its going to close out the year at about $3000 regardless.

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Originally Posted by sonatine

http://gawker.com/feds-seize-assets-...ange-506790294

The problems keep coming for Mt. Gox, the world's biggest Bitcoin exchange. Just days after Gawker revealed a key business partnership had devolved into a $70 million lawsuit, the Department of Homeland Security seized a payment processing account belonging to the company, alleging it lied on financial documents.

According to a warrant issued Tuesday by the U.S. District Court of Maryland, the DHS seized Mt. Gox's account with payments processing service Dwolla after an agent discovered that Mt. Gox did not properly register as a money services company when opening a U.S. bank account in 2011.

Iowa-based Dwolla was an easy way for Americans to exchange cash for bitcoins through Mt. Gox without having to wire money to the company, which is Japanese-based and has struggled to establish an American base. But an affidavit by Homeland Security Investigations Special Agent Michael McFarland alleges that Mt. Gox has been using Dwolla to run an "unlicensed money transmitting business" through a U.S. subsidiary called Mutum Sigillum LLC. This is a federal crime punishable by up to five years in prison.

The warrant alleges Mt. Gox CEO Mark Karpeles failed to disclose that he ran a money services business when opening a bank account with Wells Fargo in the name of Mutum Sigillum, a Delaware company he set up to facilitate Mt. Gox's Dwolla payments. The application asked several questions including "Do you deal in or exchange currency for your customer?" and "Does your business accept funds from customers and send the funds based on customers' instructions?" to which Karpeles responded no. Money transmitting services are required to register with the Department of Treasury's FINCen, which Mt. Gox has not done.

However, Mutum Sigillum did function as a money transmitter, according to the warrant. Mt. Gox wired money to the Mutum Sigillum's Wells Fargo account from Japan, which was used to pay its customers who cashed out through Dwolla. An informant exchanged Bitcoins to dollars on Mt Gox through Dwolla, and bank records showed the transfer was done through Mutum Sigillum.

Mt. Gox has not issued a statement on the allegations, but this latest scandal makes one wonder exactly how shady Mt. Gox, which originally started as an exchange site for Magic The Gathering Cards, is. Fancy Latin name aside, the barely-functioning website of Mutum Sigillum does not seem a very promising backbone on which to build the new Bitcoin Global World Economic Order, especially as feds seem intent on cracking down on the illicit use of the currency.


Warrant:

http://www.scribd.com/doc/141683565/...arrant-5-14-13

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You called it in 2013 and it sits @ $8600 in 2018

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Originally Posted by tgull

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Originally Posted by Dan Druff

Nobody can explain why BTC was really worth $19,500 at any point, except for public hype.

Why is it hard to believe that the public hype is wearing off, especially since BTC's practical utilization doesn't really exist, aside from using it for large transactions where both sides are willing to take the risk of value fluctuation?

Nothing has fundamentally changed since January 2017, when the price was $800 at one point. The only real changes we've seen were the hard fork (bitcoin cash) and the meteoric rise in popularity of alts.

But honestly, if the public has decided bitcoin itself isn't the future and doesn't have real value other than what others are willing to pay, this will be a steep, painful ride down, with perhaps some small periods of relief as people attempt to buy what they think is low.

I'm honestly seeing a lot of the same delusion as I saw in 2001, when people thought that any "innovative" new .com site was automatically worth millions, even if they never turned a profit and had no real viable plan to capture a market.

I'll admit to being wrong about bitcoin many times before, but that was before the public got super-enthusiastic about it, and we were more dealing with the reactions of the BTC community. Now we're dealing with the public, and this isn't going to end well.

---

"
You are still correct, there is no documented exchanges where you can sell say 1000 bitcoins and convert immediately to cash. There are strict sell limits. You are limited to auctions on sites shadier than poker sites. This is just a new casino game. This is a hilarious game to follow. It's like Big Dick saying he has a fool proof way to make money on the 2016 election. The only reason bitcoin is going up is the buzz about 'blockchain' and going to a "Million a Coin and some dumb redneck gets FOMO syndrome and puts his car title on the line. When the broader economy stalls, and it will, this shit will implode. But the economy is great now, lots of disposable income, although I think we are a few months away in the States from bitcoin being illegal or over-regulated.

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The broader economy has been following Bitcoin. Lagging it by about 2 months. Stocks are gonna go donkdown. Gonna be funny. Sonatine made no money in crypto and now his 401k is gonna be sliced in half.

In regards to the exchanges, you can sell coins easily on the American exchanges. Don't know why you keep disputing it.

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Originally Posted by sonatine

i know youre not asking me because obviously i dont do predictions because divination is the devils work but its going to close out the year at about $3000 regardless.

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That would be still 10x when you said they were donkdown.

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Originally Posted by sonatine

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Originally Posted by Dan Druff

Nobody can explain why BTC was really worth $19,500 at any point, except for public hype.

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the fallacy is so much more pure than that; a bitcoin cant be worth $19,500 if you cant sell them all for that price.

there are about 17,000,000 bitcoins mined right now. value for each bitcoin was never at any point in human history n = ( 17,000,000 * $19,500 ) / 17,000,000, for the most obvious reason in the fucking world; there was never $331,500,000,000 available to pay for those 17,000,000 bitcoins.

the value of a bitcoin is an aggregate of all the values it would pass through on its way to zero divided by the number of bitcoins mined.

and that number, which represents the actual mathematic value of a bitcoin, is approximately..... *fuckall*.

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The reason Bitcoin (to me) is so unappealing is the horror stories of people trying to sell it. I understand most people on this site are micro traders, I assume there is an example of someone selling 15 bitcoins and walking out with a cashier's check for $300K at its peak. I just view this as a pure gamble, and I am not sure why if people want to gamble say $10,000 they just don't go to a casino and have a few drinks and start black chipping the tables. Your odds just seem so much better and there are no fees and sweat of getting your cash off a website. Also its over in an evening, win or lose.

I dunno, I am old now, over 40 now. I just remember the sweat I used to feel at age 22 and seeing the shit dot.com stock I bought the day before at $3.34 open at $1.19 due do a press release about 'accounting issues'. Beware, its a lonely fucking feeling when it happens. Lasts quite a while in your system.

This clown is advising people to go play craps cus it has a better ROI
lol

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Originally Posted by snake_in_the_ass

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Originally Posted by tgull

"
You are still correct, there is no documented exchanges where you can sell say 1000 bitcoins and convert immediately to cash. There are strict sell limits. You are limited to auctions on sites shadier than poker sites. This is just a new casino game. This is a hilarious game to follow. It's like Big Dick saying he has a fool proof way to make money on the 2016 election. The only reason bitcoin is going up is the buzz about 'blockchain' and going to a "Million a Coin and some dumb redneck gets FOMO syndrome and puts his car title on the line. When the broader economy stalls, and it will, this shit will implode. But the economy is great now, lots of disposable income, although I think we are a few months away in the States from bitcoin being illegal or over-regulated.

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The broader economy has been following Bitcoin. Lagging it by about 2 months. Stocks are gonna go donkdown. Gonna be funny. Sonatine made no money in crypto and now his 401k is gonna be sliced in half.

In regards to the exchanges, you can sell coins easily on the American exchanges. Don't know why you keep disputing it.

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What exchange can you open an account with 100 bitcoins and sell 100 bitcoins an hour later and walk out with cash? I am not disputing it. Just where, and not one of those exchanges where you are limited on buying only $10,000 bitcoin in a week but can sell whatever you want. The buy limit means you are limited in sells.

In any rate, what exchange can you upload say $10M in bitcoin and walk away with $10M in USD? Like I said this is NOT a challenge, I just want to know, that is all.

I dunno, I am old now, over 40 now. I just remember the sweat I used to feel at age 22 and seeing the shit dot.com stock I bought the day before at $3.34 open at $1.19 due do a press release about 'accounting issues'. Beware, its a lonely fucking feeling when it happens. Lasts quite a while in your system.


I have to admit my eyes watered cus i was laughing so hard reading this, not cus you got fucked but it just made me laugh

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Originally Posted by big dick

This clown is advising people to go play craps cus it has a better ROI
lol

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Craps had a better ROI than your Hillary bet that would never lose, now would it? That was literally the funniest thing on this site when your guaranteed and shouted down everyone on how much money they were going to lose by NOT betting on Hillary. You were not even trying to convince people from betting on Trump, rather imploring people to bet on Hillary.

You are the same hypster you have always been. You'd make a beautiful picture of an MLM ground floor employee on a boat drinking tropical drinks. You know those pictures in a pamphlet they pass out to suckers at a seminar.