LOLZQuote:
Originally Posted by sonatine
super duper triple encyrpted & protected btc.... trust us!
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LOLZQuote:
Originally Posted by sonatine
super duper triple encyrpted & protected btc.... trust us!
Quote:
Originally Posted by Avon BarksdaleLOLZQuote:
Originally Posted by sonatine
super duper triple encyrpted & protected btc.... trust us!
how fucking great is "a small part of the funds are safe on cold wallets".
"i lock my doors at night but keep my jewelry and cash on top of my mailbox."
just broke 10k.
i wonder if its from kids who got burnt on tsla or if its sharps recognizing the market is about to burst into flames
https://hackernoon.com/how-one-hacke...ation-13l53b7r
tl;dr offering option contracts on trivially manipulated electronic currencies has predictable outcomes.
I heard Chinese online gambling has exploded with Macau being what it is and nothing else to doQuote:
Originally Posted by sonatine
Trying to assign any kind of sense or fundamentals to btc is folly
totally normal thing to happen with a legitimate form of currency. im sure they will get this misunderstanding sorted out in no time as soon as the people who run bitcoin get on the case.
the hits keep coming
For those who don't understand what happened here, this is why your Coinbase, Blockchain, or similar account isn't totally safe, despite e-mail confirmation and phone text verification:Quote:
Originally Posted by sonatine
https://medium.com/coinmonks/the-mos...k-35de11517124
(Link explains this well to people who aren't technical.)
i feel like james has a fucking hog on him
Where you at sonatine?
BTC loses 13% of value in past 3 days
https://pbs.twimg.com/profile_images...1p_400x400.jpg
oh i didnt take the 13% rise seriously so to me it was a wash.
I got a Prop bet w/ a pal.. I said when BTC hit 10k last week, that it would Hit 12k before 8k...my friend stalking me by the hr...lol...i have not lost yet Sir! 8.5k ish now.
BiTCoIn WiLL thRIvE DuRinG TuRMoiL
I can't joke around with Kermit this time.
I made a fairly large cashout recently, and I didn't convert it to USD because it started rising right when I received it. I saw it get to 9k, and I was about to sell it, but then it got to 9100 easily without any resistance. I pictured that it might rise to the mid-9000s or even high-9000s. I was going to sell either once it stabilized or once it got in the high 9000s.
Instead, it hung in the 9100s, then slipped some yesterday, stabilized in the 8600-8700 range, and then today fell to 8k.
So now I'm down a good deal on it.
I've actually handled these bitcoin cashouts pretty well lately (selling at the right time before a crash), but I screwed up this one, and now it's worth less than 90% it was when I first considered selling.
stick it on spy puts tomorrow and you're green again in an hour.
Because the best thing to do when you get hit with unexpected bad news is to make a very fast and risky decision in an attempt to chase your losses.Quote:
Originally Posted by sonatine
You're probably right on this one though.
Maybe I'm naive but I have always believed crypto currency values
have been directly tied to illicit activities. Those kinds of exchanges
will not change much due to a virus. They may even increase
Quote:
Originally Posted by Walter SobchakBecause the best thing to do when you get hit with unexpected bad news is to make a very fast and risky decision in an attempt to chase your losses.Quote:
Originally Posted by sonatine
You're probably right on this one though.
s&p 500 is down 4%+ in the last few hours, pending a cure for coronavirus there are really very few reason for the market to improve by nightfall.
So, global pandemic. NYC state of emergency and on the verge of shutdown.Quote:
Originally Posted by sonatineQuote:
Originally Posted by Walter Sobchak
s&p 500 is down 4%+ in the last few hours, pending a cure for coronavirus there are really very few reason for the market to improve by nightfall.
Small chance of economic seizure.
Wasn’t this the moment Bitcoin was built for? Nope, gold is making a strong comeback.
But by all means keep burning those fossil fuels to keep the meter running.
Don't tell me this is Amazon's moment in historyQuote:
Originally Posted by SanlmarSo, global pandemic. NYC state of emergency and on the verge of shutdown.Quote:
Originally Posted by sonatine
Small chance of economic seizure.
Wasn’t this the moment Bitcoin was built for? Nope, gold is making a strong comeback.
But by all means keep burning those fossil fuels to keep the meter running.
The failure to rally here here in financial crisis might be the very reason for a btc crash.Quote:
Originally Posted by SanlmarSo, global pandemic. NYC state of emergency and on the verge of shutdown.Quote:
Originally Posted by sonatine
Small chance of economic seizure.
Wasn’t this the moment Bitcoin was built for? Nope, gold is making a strong comeback.
But by all means keep burning those fossil fuels to keep the meter running.
Bitcoin may be DD.
Ironic
I don’t want to joke when Druff has money stuck, but if BTC isn’t rising now, what is it at this point?Quote:
Originally Posted by SanlmarThe failure to rally here here in financial crisis might be the very reason for a btc crash.Quote:
Originally Posted by Sanlmar
Bitcoin may be DD.
Ironic
Quote:
Originally Posted by BCRI don’t want to joke when Druff has money stuck, but if BTC isn’t rising now, what is it at this point?Quote:
Originally Posted by Sanlmar
still donkdown, officially.
Bitcoin likely thrives with the level of corrupt and illegal economic activity, which is probably also being depressed by this growing pandemic. So, it’s not necessarily the case that BTC should rally at this time because of this crisis.Quote:
Originally Posted by BCRI don’t want to joke when Druff has money stuck, but if BTC isn’t rising now, what is it at this point?Quote:
Originally Posted by Sanlmar
Amazingly, this crash is likely because a Ponzi scheme has been unloading its ill-gotten BTC over the past 36 hours, and the market is so flooded with sell orders that it's depressing everything.
https://u.today/real-reason-behind-1...ed-by-analysts
On the bright side, I'm almost ready for another cashout because I've been pwning heads on Ignition lately.
yeah the big concern for as long as i can remember is essentially a run on the banks created by one big whale account dumping their holdings.
its the achilles heel of the entire crypto model and honestly its totally possible we will be trading at hundreds instead of thousands per bitcoin this year.
in fact... in about 4 hours im going to short some bitcoin indexes, methinks.
The sky is falling, What seemed to be a soft floor at 8k, Has now collapsed, sitting at 7700, Maybe a bottom at 6k, The few people I know with a little coin sold this morning between 7900 -8000 in fear bitcoin will fall to around 7k fairy quickly
good for you. I can't even beat .2 .05 zoom. I did get 4th in a 1 k guaranteed. Lost 3 buyins in .2 .5 nl lol. It used to be stupid soft like warm margarine.Quote:
Originally Posted by Dan Druff
Quote:
Originally Posted by sonatineBiTCoIn WiLL thRIvE DuRinG TuRMoiL
crypto bloodbath is just beginning imo
Welp.
I made a pretty big mistake not unloading my bitcoin.
6250.
:kermit
this Thread was huge entertainment
Insufferable stupid shit like HODL though
Just dead cat bounced from 5800 to 62xx, now back to 5800.
:bloodbath
The whole premise was proven bogus
gold is down 2.5%
btc is down 25%
i tried to warn you all but you wouldnt listen to reason.
If you didn't sell earlier on then hold otherwise look for a buying entry if you need some we've all been down this road before seeing what happens.
It's probably a better investment than many stocks but not yet let it dip some more.
Just my opinion here and it likely gets worse before it gets better.