Bitcoins are officially donkdown

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Originally Posted by Gordman

It looks to me like the next pump-and-dump "crypto boom" is underway, more or less like the 2017 p&d.

Obv many shitcoins are being pumped atm.

I mean, when you have lol shitcoins like Dogecoin spiking...

And you also have others with ludicrous and unsustainable market caps (e.g. XRP) being driven up...

...you know where all of this is going to end, probably in a few months once the new year is underway...

SFO

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As my attention is held by survival at the moment I have lost track but this I know....

The bitcoin origin story was about a controlled supply of currency. We are faced with an inflationary period that won’t be felt by the average rabble for another 7 months by my reckoning.

So bitcoin as an inflationary hedge is a fresh look on what was previously just a means to speculate (gamble).

Gold sold off while btc peaks. Hmmmm.

Dollar is poised to drill new lows though so if you are a believer - bitcoin’s time to actually carry out its mission is now. It’s a fresh storyline.

I wouldn’t short it now. This isn’t about right or wrong. They need shorts for fuel.

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Originally Posted by Gordman

It looks to me like the next pump-and-dump "crypto boom" is underway, more or less like the 2017 p&d.

Obv many shitcoins are being pumped atm.

I mean, when you have lol shitcoins like Dogecoin spiking...

And you also have others with ludicrous and unsustainable market caps (e.g. XRP) being driven up...

...you know where all of this is going to end, probably in a few months once the new year is underway...

SFO

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Leave my ripple alone. Daddy is thiiiis close to buying a brava and an electric corvette.

https://twitter.com/hipster_trader/s...639153153?s=21

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Originally Posted by rum dick

Leave my ripple alone. Daddy is thiiiis close to buying a brava and an electric corvette.

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I heard GM appropriated most of the corvette engineering talent and moved them to autonomous driving and electric vehicles. There is going to be a period of corvette fail. Hang in there.

My heart skipped a beat when I read this though.

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Originally Posted by Tellafriend

https://twitter.com/hipster_trader/s...639153153?s=21

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She’s gonna take half your stuff.

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Originally Posted by Krypt

I'm short btc @ 19,150

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Full position and will hold despite nice paper gain

Boy was I right about the collapse at the mid-19000s mark.

Unfortunately it happened while I wasn't looking. It had held around 19,000 flat for a little while, so I figured I'd wait for it to start rising again, then dump. Sure enough, it rose to 19,400 and then crashed.

The next rise may bring it over 20k, though, so buckle up.

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Originally Posted by Dan Druff

Boy was I right about the collapse at the mid-19000s mark.

Unfortunately it happened while I wasn't looking. It had held around 19,000 flat for a little while, so I figured I'd wait for it to start rising again, then dump. Sure enough, it rose to 19,400 and then crashed.

The next rise may bring it over 20k, though, so buckle up.

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:no

:kermit

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Originally Posted by Dan Druff

:kermit

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You should of paid the freeroll winners you wouldnt of lost as much you fucking Jew bastard

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Originally Posted by Krypt

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Originally Posted by Krypt

I'm short btc @ 19,150

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Full position and will hold despite nice paper gain

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Incredible

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Originally Posted by Dan Druff

Boy was I right about the collapse at the mid-19000s mark.

Unfortunately it happened while I wasn't looking. It had held around 19,000 flat for a little while, so I figured I'd wait for it to start rising again, then dump. Sure enough, it rose to 19,400 and then crashed.

The next rise may bring it over 20k, though, so buckle up.

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Its not maybe and wont be long

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Originally Posted by Sanlmar

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Originally Posted by rum dick

Leave my ripple alone. Daddy is thiiiis close to buying a brava and an electric corvette.

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I heard GM appropriated most of the corvette engineering talent and moved them to autonomous driving and electric vehicles. There is going to be a period of corvette fail. Hang in there.

My heart skipped a beat when I read this though.

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Have you seen the brand new corvettes? They look incredible. Like Ferrari’s.

Was I right about the $20k resistance point, or what? I didn't panic after the first almost-20k crash, let it rise back over 19k, and sold.

We still haven't seen $20k. Now it's crashed and is slightly under $18k.

I bailed out at the right time at $19200 or so.

to all the people who bought bitcoin in december of 2017, congrats on finally eeking out a profit.

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Originally Posted by sonatine

to all the people who bought bitcoin in december of 2017, congrats on finally eeking out a profit.

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And to the people who bought in March that eeked out 5x.

bump

Anyone in for a friendly 1k-2k holdem game tonight?

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Originally Posted by Dan Druff

Was I right about the $20k resistance point, or what? I didn't panic after the first almost-20k crash, let it rise back over 19k, and sold.

We still haven't seen $20k. Now it's crashed and is slightly under $18k.

I bailed out at the right time at $19200 or so.

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23,130

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Originally Posted by chinamaniac

Anyone in for a friendly 1k-2k holdem game tonight?

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China is god

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Originally Posted by MrTickle

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Originally Posted by Dan Druff

Was I right about the $20k resistance point, or what? I didn't panic after the first almost-20k crash, let it rise back over 19k, and sold.

We still haven't seen $20k. Now it's crashed and is slightly under $18k.

I bailed out at the right time at $19200 or so.

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23,130

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Go back, you'll see I stated that it will crash before 20k, then possibly move well over.

There is 1 Bottom line in this thread!

Micon was right!

More to come

https://twitter.com/elonmusk/status/...406001153?s=21

Anyone know how I can buy bitcoin without paying cash app or other fees? Anyone selling? I’m looking for a few thousand so if druff is willing to escrow or you’re willing to meet in person in the Chicago area let me know.

https://www.theverge.com/2020/12/22/...rivate-wallets

lest we forget; i warned you.

https://pbs.twimg.com/media/Ep9FK8LX...jpg&name=small

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im seeing more and more of these transactions pop up, people moving their coin to coinbase:

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you know why?


so they can dump.


:popcorn

In May 2019 NFL player Russell Okung tweeted "Pay me in Bitcoin" and now that appears to be happening.


https://www.fox5ny.com/news/nfl-play...aid-in-bitcoin

In the good old Donkdown days I had like 20 bitcoins, I believe value was like 1-2$ each, we just gave them away or played the occasional 1 bitcoin buyin sit&go if I remember correctly.

I should probably cry a little.

It's hard to believe that Micon became a millionaire by accumulating Bitcoins which he needed to do because he had a poker website that only uses Bitcoins.

Just dumb luck.

https://pbs.twimg.com/media/EGNoOPGW4AIqouf.jpg

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Originally Posted by sonatine

im seeing more and more of these transactions pop up, people moving their coin to coinbase:

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you know why?


so they can dump.


:popcorn

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cmon Sonatine you are hopefully a little brighter then this in reality. Don't be such a blockhead toward Bitcoin, explain what's actually going on now really a bit better then this..


You have a situation now in the Bitcoin world where the 'new' money moving into Bitcoin and starting to acquire it is actually the Professional money. Its Wall St., and Funds themselves are all buying positions in Bitcoin as opposed say Gold, or some commodity like that because of one overwhelming thing in the Economy. We keep printing so much money we are inevitably heading towards inflation and a possible recession and fast. The 'Smart" money, and Wall St. money is moving there wealth into more safe and recession proof areas, like Bitcoin. And this spike in Price is because of all that new "Demand" now, coming in acquiring Bitcoin. Its as a Hedge against a coming Inflationary period or recession obviously...

So this very large historic 'Spike' in price relative to Bitcoin is actually because, the new money is moving into Bitcoin for the first time ever. The 'Smart' money and Wall St. funds are starting to acquire and buy Bitcoin now, for the first time ever now. This isnt slowing down or leveling off until somewhere between 30k-36k and then after that I expect this Bitcoin run to go into the 50k range too actually, the sky is the limit, when this much actual real and new 'demand' is existing, price is gonna keep going up....


its fascinating really....

I believe Micon has very little BTC.

He went all-in on Bitcoin Cash a few years ago. This is partially due to the fact that he worships Roger Ver, who is a prominent figure in the Bitcoin Cash scene. Remember when Micon was pictured on a private jet? That belonged to Roger Ver. I believe he traded all of his BTC in for Bitcoin Cash, around the time of the fork.

Unfortunately for Micon, Bitcoin Cash hasn't seen the 2020 appreciation which bitcoin has. Bitcoin Cash is actually LOWER now than it was in mid-February, but bitcoin has tripled since then.

I believe most of Micon's net worth came from accumulating BTC while running Seals (including its successor which was supposedly run by someone else). I don't believe it came from being an early adopter of bitcoin, and then sitting on them.

Strangely enough, from what I knew of Micon's personality at the time, he could be astoundingly rich if he just didn't have a gambling problem. He was a staunch believer in bitcoin in 2011 when it was $5, but he shot off all or most of them gambling. Otherwise, he's totally the type who I could have seen holding them, believing they'd be worth $100k each one day. Amazingly, we're more than 25% of the way there.

I think he'd be broke if it weren't for Seals. However, since Seals fed him a constant stream of BTC, and BTC rose dramatically during that time, that probably set him up for life.

That's my best guess.

I'M GAY I SOLD ETH AT 640 AND PUT IT INTO ETF'S BECAUSE I LURK stockamets

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Originally Posted by Dan Druff

He went all-in on Bitcoin Cash a few years ago.

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There was another Antiguan former poker site owner who went all in on Bitcoin Cash. Literally everything he had, or so he claimed.

 

Calvin Ayre

Will we see the huge January drop off like a few years ago is the question?

I lost too much back then holding on longer than I should have.

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Originally Posted by BeerAndPoker

Will we see the huge January drop off like a few years ago is the question?

I lost too much back then holding on longer than I should have.

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Wouldn't be surprised if we see a crash tomorrow, given that the BTC events of 2020 look incredibly similar to 2017, including time-of-year run-ups

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Originally Posted by Dan Druff

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Originally Posted by BeerAndPoker

Will we see the huge January drop off like a few years ago is the question?

I lost too much back then holding on longer than I should have.

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Wouldn't be surprised if we see a crash tomorrow, given that the BTC events of 2020 look incredibly similar to 2017, including time-of-year run-ups

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I doubt it. If anything is over-priced it is stocks. There could be a huge stock market crash because this pandemic is not over and the rollout for vaccines is taking too long. I predict in the next year, gold & silver will double in value. Bitcoin will continue to increase in value, by 2022, it will be over $100,000 a Bitcoin. Stock market may crash and be reduced by as much as 80% in value.

The Democratic solution will be to print as much money as possible. National debt may go from $30 trillion to $50 trillion.

But at least Donald Trump is no longer President.

https://www.thebalance.com/thmb/60UH...6e0239f2c0.jpg

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Originally Posted by TheXFactor

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Originally Posted by Dan Druff

Wouldn't be surprised if we see a crash tomorrow, given that the BTC events of 2020 look incredibly similar to 2017, including time-of-year run-ups

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I doubt it. If anything is over-priced it is stocks. There could be a huge stock market crash because this pandemic is not over and the rollout for vaccines is taking too long. I predict in the next year, gold & silver will double in value. Bitcoin will continue to increase in value, by 2022, it will be over $100,000 a Bitcoin. Stock market may crash and be reduced by as much as 80% in value.

The Democratic solution will be to print as much money as possible. National debt may go from $30 trillion to $50 trillion.

But at least Donald Trump is no longer President.

https://www.thebalance.com/thmb/60UH...6e0239f2c0.jpg

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If they keep the printer running, it will just devalue the currency and the markets will keep going up?

Combine that with being able to borrow money for nothing........