Wondering where all those untraded bitcoin are? The answer might be right beneath your feet (sort of).
The Wealthy Are Hoarding $10 Billion of Bitcoin in Bunkers
https://www.bloomberg.com/news/artic...ion-of-bitcoin
Printable View
Wondering where all those untraded bitcoin are? The answer might be right beneath your feet (sort of).
The Wealthy Are Hoarding $10 Billion of Bitcoin in Bunkers
https://www.bloomberg.com/news/artic...ion-of-bitcoin
"... the vault’s fingerprint scanners were equipped with a pulse reader to prevent amputated hands from being used."Quote:
Originally Posted by MumblesBadly
:lol2
Almost like that would fit right in on The OnionQuote:
Originally Posted by hongkonger"... the vault’s fingerprint scanners were equipped with a pulse reader to prevent amputated hands from being used."Quote:
Originally Posted by MumblesBadly
:lol2
OK, so I got this email a few days ago from Coinbase. Im attempting to gauge its significance and any upside/downside to the marketplace...if there is any.
The moment I saw this, i thought - holy shit. The reason was, i was under the impression that it was currently pretty difficult to get a large amount of $ relatively quickly on a well known site like Coinbase to purchase coin. Someone tell me if im wrong, but this was my impression. I just remember posters even on this gorum being extremely limited on deposites for a long time....now they come out with this.
If this is true to the scale i think it is, wouldnt this have huge positive price impacts on BTC etc? I mean, all i ever heard lately is the hurdles to purchase crypto from a well known exchange like Coinbase.
Thoughts?
Edit: forgot to attach-
any time you give people more access to size the better it is for the market...but then again since they aren't really accepting credit cards any more the whole increase might be a moot point...if you don't have the money you wont be able to buy shit regardless of your limits...
think my initial mark was $5K and I never asked for it but it got raised to $15K/day awhile ago...
Quote:
Originally Posted by GambleBotsChafedPenis
Thanks for the info. I havent really even made any transactions with Coinbase lately - its been a while; I had no idea they weren't accepting Credit Cards now.
That aside, at the risk of sounding dumb, are you talking about credit cards as in purchasing Bitcoin with actual credit or cash advances, or are you talking about credit/debit cards with the debit card function like from your bank account?
I was just always under the impression that people with cold hard cash had many hurdles and a hard time simply buying Bitcoin in larger quantities. Maybe im wrong, im really not that experienced on the topic.
Edit: and if iy lt sounds like i dont make sense, i apologize.
Currently drinking.
Gordman not sure which state you are. Always thought of you as Mass.
Mass was one of the first five states. There may be a waitlist from what I heard. You’ll have to give it a try.Quote:
Where is Robinhood Crypto Available?
Bitcoin and Ethereum trading is now available in California, Colorado, Florida, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Mexico, and Wisconsin.
Fuck Coinbase and their fees. Robinhood is fee free and Gold customers can play with margin.
I haven’t bought in a while.
This post does not endorse Bitcoin or any other shitcoin. This is a Coinbase editorial.
Nvidia’s forecast last night killed BTC today.
HelloQuote:
Originally Posted by LastPaperTowel
I hope PFAers sold last week and are fiat ready to pounce. MC might bleed out to $360bn. I was off a little. Then going to get launch by the ProRussian Elites in the Baltic. I'd say Thursday Night here in the US is the start of the big rally.
Be ready.
ALTs>BTC short term BTC>ALTs for always term
Easy for poker players to ride this wave. Do not let Druff fool you. He may be a DNegs/AntiTowel.
Crypto is pure. Wait for the blood in the streets tomorrow and buy.
Watermelon tastes good. The seeds are annoying but taste better than seedless.
LATB is fun to watch.
Peace
LPT
https://grist.org/article/bitcoins-e...se-than-usual/
"Bitcoin’s energy footprint has more than doubled since Grist first wrote about it six months ago.
It’s expected to double again by the end of the year, according to a new peer-reviewed study out Wednesday. And if that happens, bitcoin would be gobbling up 0.5 percent of the world’s electricity, about as much as the Netherlands.
That’s a troubling trajectory, especially for a world that should be working overtime to root out energy waste and fight climate change. By late next year, bitcoin could be consuming more electricity than all the world’s solar panels currently produce — about 1.8 percent of global electricity, according to a simple extrapolation of the study’s predictions.
That would effectively erase decades of progress on renewable energy."
HelloQuote:
Originally Posted by DRK Star
Yes. BTC mining is TUFF on electrical grids from the old days. Good thing is that new days are coming faster than ever. The light of the sun is a slightly different color each day. It will force aggressive positive change. Very similar, in my mind, to the new technology changing the Chess World. New ways to learn = new approaches to decisions = Progress.
Alt are going to boom in the next 36 hours. Be ready ladies and gentlemen. Pro Russian Fiat assault going to prove crypto dominance by Sunday night. Time to bully the Fiats of the world. Get in or get mad next week.
Full Tilt got us guys. Let us all get $50 back, or a lot more, with this unreal crypto timing we are all witnessing now.
Peace
LPT
Fuck Coinbase.Quote:
Originally Posted by GordmanOK, so I got this email a few days ago from Coinbase. Im attempting to gauge its significance and any upside/downside to the marketplace...if there is any.
The moment I saw this, i thought - holy shit. The reason was, i was under the impression that it was currently pretty difficult to get a large amount of $ relatively quickly on a well known site like Coinbase to purchase coin. Someone tell me if im wrong, but this was my impression. I just remember posters even on this gorum being extremely limited on deposites for a long time....now they come out with this.
If this is true to the scale i think it is, wouldnt this have huge positive price impacts on BTC etc? I mean, all i ever heard lately is the hurdles to purchase crypto from a well known exchange like Coinbase.
Thoughts?
Edit: forgot to attach-
Anyone use Binance and/or Xapo?
Think about mining Bitcoin? Don't Bother.
What Determines The Price Of Bitcoin?
https://www.forbes.com/sites/frances.../#590a3a815392
https://specials-images.forbesimg.co....jpg?fit=scale
https://blogs-images.forbes.com/fran....jpg?width=960
^COMPLETE BULLSHIT^
Fuck Binance and XapoQuote:
Originally Posted by TheXFactorFuck Coinbase.Quote:
Originally Posted by GordmanOK, so I got this email a few days ago from Coinbase. Im attempting to gauge its significance and any upside/downside to the marketplace...if there is any.
The moment I saw this, i thought - holy shit. The reason was, i was under the impression that it was currently pretty difficult to get a large amount of $ relatively quickly on a well known site like Coinbase to purchase coin. Someone tell me if im wrong, but this was my impression. I just remember posters even on this gorum being extremely limited on deposites for a long time....now they come out with this.
If this is true to the scale i think it is, wouldnt this have huge positive price impacts on BTC etc? I mean, all i ever heard lately is the hurdles to purchase crypto from a well known exchange like Coinbase.
Thoughts?
Edit: forgot to attach-
Anyone use Binance and/or Xapo?
Think about mining Bitcoin? Don't Bother.
What Determines The Price Of Bitcoin?
https://www.forbes.com/sites/frances.../#590a3a815392
https://specials-images.forbesimg.co....jpg?fit=scale
https://blogs-images.forbes.com/fran....jpg?width=960
^COMPLETE BULLSHIT^
I put my entire balace into BCC
Bitconnect is going to come back- book it
Hello
Sunday has just begun here in the USA.
I am excited about this week. Pro Russian Crypto Mob saying huge investments being made 5/21/18 - 5/23/18. MC around $365bn atm. Any move over $450bn brings the momentum for an ElonMuskism, that could have Crypto banks on Mars by 2025 if he takes over the Planet by 2020 with Towelists everywhere pulling for him. Many Vaults, Exchanges and Creditors are making it easier to buy Crypto. Big dogs want in. New Colors in the Sunrises ever day it seems like.
May be a good week for gold and a poor week for fiat and bank stocks. Platinum under $1K US is a steal. Uncertainty in markets is coming, and Crypto will be one of the few with Incubation Upside as other markets deteriorate. This gives Crypto a 36+ month head start on the NWO that is coming. Get in and be happy.
Crypto is proving to be built stronger and more cunning than poker. Crypto can fade some scammers and survive. Poker is dead because of Full Tilt, UB, and Amaya. Not surprising since poker is owned by a few AssClowns, and Crypto is wide open country to explore and own yourself.
One day someone will give poker back to the players, and everyone will win. Even Alec Torreli.
Peace
LPT
Rubbish.Quote:
Originally Posted by LastPaperTowel
Possibly. You, Hongkonger seem like you know. Please leave a prediction so that I can bet on your insight in the Crypto space.Quote:
Originally Posted by hongkongerRubbish.Quote:
Originally Posted by LastPaperTowel
In other news. MC is over $380bn. Sunday Noonish here in USA. We may start the run now. Russian Talk is exploding about Crypto. Many dirty Rubles can be a super pump in a flash. I believe this wave is currently forming deep in the Hodl Ocean. It will hit the Crypto Space hard, and run #'s to HOF quickly.
Wednesday is probably the money day. Judge yourself.
No Gamble No Future
Peace
LPT
HelloQuote:
Originally Posted by hongkongerRubbish.Quote:
Originally Posted by LastPaperTowel
Rubbish looking On The Money right now. I believe my timing model was off, as i have not witnessed any Pro Russian Crypto Aggression yet this week. I still think the team has moved the #'s down to increase 30 day profitability. We shall see.
MC sitting at $335bn atm.
Watch and see if the OligarchCryptoBanks open up in the next 72 hours to flood markets with capital.
It is coming.
Hard to see the date right now because of the chatter disturbing the natural octaves of life in Crypto atm.
MC will soar above $500 bn soon. I think I was 7 days premature.
Belly Buster and China should get Crypto Married. imo
Peace
LPT
hey guys howz it going i haven't posted in this thread in at least a month-and-a-half just don't do it if you haven't already yeah crypto can go up but each coin is not really a special implementation of the blockchain concept that is a pretty clever thing but not that clever and neither is it proprietary in the least therefore why would you want to "own" any of these markers at these prices it just doesn't make sense and you'll see especially the hodler guys go figure it out its not that hard it's all right there available to semi-smart people and up right now and in a few years the world will wonder why people could have been this blind and paid $7,600 for a crytpto marker goodbye for now
They will all eventually go to $0 but it will take some time. It's like a stock that gets delisted and goes on the pink sheets for years before finally disappearing. Expect a lot of bear market rallies, that's the only way to profit off of crypto these days. Nobody cares about crypto anymore, the Kermit troll posts even stopped.Quote:
Originally Posted by Forum Wars
It feels all listless/tired these days with crypto. I guess I just noticed how no one really cares much anymore after you said it. That sort of lack of caring should probably have killed the market already, and I guess it might be finally going through a slow death spiral thing now after after it went from under 6K to over 11K for some reason about a month and a half ago...Quote:
Originally Posted by snake_in_the_assThey will all eventually go to $0 but it will take some time. It's like a stock that gets delisted and goes on the pink sheets for years before finally disappearing. Expect a lot of bear market rallies, that's the only way to profit off of crypto these days. Nobody cares about crypto anymore, the Kermit troll posts even stopped.Quote:
Originally Posted by Forum Wars
If you have $20,000 in your pocket, you can buy a car, make a part of a down payment for a house, buy stocks that pay dividends monthly or you can buy almost 3 units of a blockchain marker for this one specific variety of over 1,600 different varieties of cryptocurrency that exist. This one is called bitcoin and it happens to have been the first one created, but it's not special for having that quality - being first doesn't "do" much for it. Except maybe that it has a few uses (as a way to get $$ out of currency restrictive countries or to put $$ onto a an online sportsbook/casino).
But bitcoin has in the recent past been a wildly successful "made-up" specultative instrument. And let's be real: this is and has been nearly 100% of what has caused it to be valuable. It's a lottery ticket. It worked out for a bunch of smart/lucky/dumb-ass foolish people who made money because other smart/lucky/dumb-ass foolish people paid successively higher prices for it.
I think the smart people are gone. If your buy now you have to be lucky. If you're not lucky, you're going to be in the third category of buyers. And there's going to be a lot more fools who lose $$ than bitcoin "investor" fools who made money.
Quote:
Originally Posted by Forum WarsIt feels all listless/tired these days with crypto. I guess I just noticed how no one really cares much anymore after you said it. That sort of lack of caring should probably have killed the market already, and I guess it might be finally going through a slow death spiral thing now after after it went from under 6K to over 11K for some reason about a month and a half ago...Quote:
Originally Posted by snake_in_the_ass
If you have $20,000 in your pocket, you can buy a car, make a part of a down payment for a house, buy stocks that pay dividends monthly or you can buy almost 3 units of a blockchain marker for this one specific variety of over 1,600 different varieties of cryptocurrency that exist. This one is called bitcoin and it happens to have been the first one created, but it's not special for having that quality - being first doesn't "do" much for it. Except maybe that it has a few uses (as a way to get $$ out of currency restrictive countries or to put $$ onto a an online sportsbook/casino).
But bitcoin has in the recent past been a wildly successful "made-up" specultative instrument. And let's be real: this is and has been nearly 100% of what has caused it to be valuable. It's a lottery ticket. It worked out for a bunch of smart/lucky/dumb-ass foolish people who made money because other smart/lucky/dumb-ass foolish people paid successively higher prices for it.
I think the smart people are gone. If your buy now you have to be lucky. If you're not lucky, you're going to be in the third category of buyers. And there's going to be a lot more fools who lose $$ than bitcoin "investor" fools who made money.
Most astute thing I've read about Bitcoin -- maybe ever. Very well said FW.
U.S. Launches Criminal Probe into Bitcoin Price Manipulation
https://www.bloomberg.com/news/artic...criminal-probe
Quote:
The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies, dramatically ratcheting up U.S. scrutiny of red-hot markets that critics say are rife with misconduct, according to four people familiar with the matter.
The investigation is focused on illegal practices that can influence prices -- such as spoofing, or flooding the market with fake orders to trick other traders into buying or selling, said the people, who asked not to be identified because the review is private. Federal prosecutors are working with the Commodity Futures Trading Commission, a financial regulator that oversees derivatives tied to Bitcoin, the people said.
Authorities worry that virtual currencies are susceptible to fraud for multiple reasons: skepticism that all exchanges are actively pursuing cheaters, wild price swings that could make it easy to push valuations around and a lack of regulations like the ones that govern stocks and other assets.
Well, as long as they don't look into how stupid idiots promoted Bitcoins and other Crypto Currencies as safe investments. And got other even bigger morons to continue to buy this worthless shit.Quote:
The illicit tactics that the Justice Department is looking into include spoofing and wash trading -- forms of cheating that regulators have spent years trying to root out of futures and equities markets, the people said. In spoofing, a trader submits a spate of orders and then cancels them once prices move in a desired direction. Wash trades involve a cheater trading with herself to give a false impression of market demand that lures other to dive in too. Coins prosecutors are examining include Bitcoin and Ether, the people said.
:lol2
Hello
Chess/Poker Question for anyone in the world.
Is The online "personality" Bongcloud the same person as bong_Cloud 2.0?
I have never seen evidence of Nakamura using any bong_Cloud 2.0 strategy. Ever?
I am not sure that I have ever seen Nakamura play live or online. So i am in no way Judging his Unlimited Power and mental abilities to construct GTO approaches to games. He must be very good for me to know how to spell his name. He must know that the fundamental math for this new bong_Cloud 2.0 strategy was first used by slave Egyptians to create Light in Dark places out of copper/glass/rotting bananas etc... It is a BC Attack in very few chess forums around. I thought only I knew about it and I was going to use it to win the chess championships of the world one day. My ultimate dream.
Damn. If you or Nakamura already has this theory I may need time to develop a new chess theory. Say 5 days.
Is bong_Cloud 2.0 Real?
Peace
LPT
Tether Used to Manipulate Price of Bitcoin During 2017 Peak: New Study
https://www.bloomberg.com/news/artic...-boost-bitcoin
Bitcoin's record price was artificially manipulated, research claims
https://nypost.com/2018/06/13/record...ital-currency/
I'm starting to believe that Bitcoin is not a safe investment.Quote:
Bitcoin soared 488 percent over 13 months ended March 31, captivating both Wall Street pros and millions of Main Street investors.
But roughly half of the incredible run-up in value of the crypto-asset was the result of manipulation, according to a startling research report on Wednesday.
Without manipulation, bitcoin’s rise over the 13 months would have been a much less glossy 245 percent, the report claims.
The manipulation was orchestrated by Bitfinex, a bitcoin exchange with offices in Asia, the report claims, through Tether, a second crypto-asset, which it owns.
Tether, which would be used to purchase bitcoin, would be distributed by Bitfinex when the price of bitcoin sagged on other exchanges, according to the 66-page report from John Griffin, a finance professor at the University of Texas, and Amin Shams, a graduate student.
“Tether seems to be used both to stabilize and manipulate bitcoin prices,” the two claimed in the paper. Tether is tied in value to the US dollar and is backed by a reserve of the currency, Bitfinex claims.
US regulators subpoenaed records from Bitfinex last year to see if it did, indeed, have a reserve of US dollars. No charges have been filed against the exchange and its executives have denied any wrongdoing.
“Bitfinex nor Tether is, or has ever, engaged in any sort of market or price manipulation,” Bitfinex CEO JL van der Velde told Bloomberg in an e-mailed statement. “Tether issuances cannot be used to prop up the price of Bitcoin or any other coin/token on Bitfinex.”
The report said that Tether had a pattern of being spent on bitcoin at pivotal moments, helping to drive bitcoin to a value close to $20,000 in December. Bitcoin on Wednesday fell to its lowest price since Feb. 6, at $6,250.
https://thenypost.files.wordpress.co...6&h=820&crop=1
Kermit posting = bear market rally time.
Here we go, this is going to fly now.
SEC just ruled that Bitcoin and Ether are NOT securities, therefore not subject to regulation.
BTC already up approx 300 on the breaking news.
The Kermit rally never fails.Quote:
Originally Posted by Gordman
So this means selling on sites like localbitcoins is legal now?Quote:
Originally Posted by Gordman
Because this was always technically illegal, and in fact they busted one guy in Florida for it (though they only arrested him when they tricked him into selling to an undercover agent who claimed he was going to use the BTC to buy stolen credit cards).
The SEC ruling that cryptos are not securities doesn’t help those who want to make a market in bitcoin as a business without filing the proper paperwork declaring that the business is a *currency* exchange.Quote:
Originally Posted by Dan DruffSo this means selling on sites like localbitcoins is legal now?Quote:
Originally Posted by Gordman
Because this was always technically illegal, and in fact they busted one guy in Florida for it (though they only arrested him when they tricked him into selling to an undercover agent who claimed he was going to use the BTC to buy stolen credit cards).
I’ve mentioned previously Robinhood offers “fee free” crypto trading in some states. Massachusetts is one of the approved states.
I’ve screwed around with some trades - get in and get out. Mostly for a cheap rush and some lulz.
I cashed out my sportsbook a while ago and needed some crypto to refund & for my man Sizzle too. So I set a limit order 2 days ago and thought I’d scoop at support and make a few bucks and ship some coins to the book and settle some stale debts.
First, I cannot believe how tired the BTC market acts. I haven’t followed for a while and I am stunned. It’s got no juice. Typical setups fail over and over. The bid ask spread is huge compared to what I remember. There is NO juice anymore.
So I say, “fuck it, where’s my coin?” I look around my account. WTF, you can’t ship BTC from your account. There’s no wallet! Some bullshit about money laundering. Like, no shit! It’s Bitcoin. That’s what it’s for. Christ.
So I own Bitcoin at $6714. I am apparently one of the last fools to buy someone else’s mistake.
Paranthetically, Robinhood does execute orders at other fee based exchanges. They build the fee into the BTC price. So a limit buy order of $6714 won’t execute until $6694 or some such bullshit. You get the idea. The lengths I will go to avoid Coinbase is a little extreme I admit.
On the stock side Robinhood appears to do deals where they sell their order flow to scummy exchanges. Execution is no prize. You’d swear you were in the midst of high frequency front running shenanigans - maybe you are.
Millennials are such innocents. Ain’t nothing free.
One last Robinhood story. So there exists a traders chatbox. I guess it is important that the yutes feel socially connected. It’s gotta be an experience not a trade. I have never read such idiotic shit in print outside of PFA’s Trump thread. You simply want to poke your eyes out with a pencil.
So I guess I’ll let the Bitcoin sit for the next leg down. I simply have no fucking clue what is going on. Some exchange hackers must be selling their spoils.
Bitcoin fell out of bed and died last night
It passed away alone and ignored.
The absence of any tears or laterfags from PFA really says a lot about how quickly something that brought countless hours of forum lulz can be thanklessly dismissed by you guys
Gringostar and China will be pallbearers.
I sold out all of my altcoins I was trading day before yesterday, consolidated them all into dogecoins and sold them all locally, 276,000 dogecoins seemed like a lot at the time.Quote:
Originally Posted by Sanlmar
My timing was good by the look of things. :)
RIP DonaldTrumpsHairPiece
I know I have problems. I try to dispassionately monitor my behavior for signs of trouble.
I spent some time yesterday reading stuff like “21e800: Bitcoin, Satoshi and the Mystery Twitter Is Obsessing Over”
My thoughts included Satoshi marking the beginning of Bitcoin with the genesis block & then the end with E8. Sweet lord, there is an elegance to his work that has to be admired.
I need to find more productive uses for my time.
Hope I can help get the rally started from here:
Old gif from about 3 months ago, but appropriate again..
Thing has lost the bounce in its step.Quote:
Originally Posted by Forum WarsHope I can help get the rally started from here:
Old gif from about 3 months ago, but appropriate again..
It just drops and trades sideways. Over and over. What is the level where traders step in? It’s never perceived as a bargain.
Thing is dead now. I am in at $6714 Just lighting some money on fire for lulz