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Quote:
Originally Posted by DonaldTrumpsHairPiece
Yeah, it's like you see btc hovering around $2450, and eth hovering at $335 as I post this, and it feels like donkdown, but you click the 1 month button and you realize btc is up $744 and eth is up $ 248 in the past month and you realize the absurdity of watching the daily swings. When they pump this shit, they don't fuck around
Yep, not a traditional market, usually big dips don't literally bounce back next day but with this stuff its wild so no need to panic and ignorance is bliss what do I know.
Honestly tomorrow will be interesting, I think a mixture of panic and profit taking is what's at play because guess what, the tech, coins, hope, love etc is all still there. Not like ETH put out a presser saying the founder is dead and no one wants their tech.
For christs sake take a call from an average listener
Ton of the poker players at the WSOP are long crypto. Bet you the cash games are going to be juicy all over town with 100's of them on tilt after losing 30-40% of their crypto bankroll in 72 hours.
the cnbc curse is alive...carry on you useless tv fucks...
So I cashed $21k to cover last night and am holding $28k position I left in ETH along with several BTC on top and singing along...
https://www.youtube.com/watch?v=FmhcEcb0PGs
Disclaimer:Quote:
Originally Posted by GambleBotsChafedPenis
This post in no way constitutes a violation of the terms of this thread. The comments made here are for informational and entertainment purposes only.
Violently shaking out the weak hands is the healthiest thing for Bitcoin long term. These will be your new buyers on the next leg up. What you want to look for is a bounce. What happens after the retracement is the most telling. It all depends on your timeframe.
When things are frothiest - that makes great television. Being contrarian - not so much. Making the statement that this action is healthy is not in the script. Everyone loves slowing down and watching an auto accident. No one reports on what made that accident inevitable.
In the age of the interwebz there is absolutely no reason to have CNBC on all day. It used to be useful for breaking stuff. But everyone has a monitor dedicated to it all day. As useful as watching cat videos.
Cramer fucking kills it and is never held to scrutiny. Few viewers are aware he holds the patent on Teflon.
Cramer recommended 10 stocks to own for the future in late 1999 or early 2000. All 10 of them either went bankrupt or went down 90%+. He couldn't beat today's market and noone with a functioning brain should listen to him.Quote:
Originally Posted by SanlmarDisclaimer:Quote:
Originally Posted by GambleBotsChafedPenis
This post in no way constitutes a violation of the terms of this thread. The comments made here are for informational and entertainment purposes only.
Violently shaking out the weak hands is the healthiest thing for Bitcoin long term. These will be your new buyers on the next leg up. What you want to look for is a bounce. What happens after the retracement is the most telling. It all depends on your timeframe.
When things are frothiest - that makes great television. Being contrarian - not so much. Making the statement that this action is healthy is not in the script. Everyone loves slowing down and watching an auto accident. No one reports on what made that accident inevitable.
In the age of the interwebz there is absolutely no reason to have CNBC on all day. It used to be useful for breaking stuff. But everyone has a monitor dedicated to it all day. As useful as watching cat videos.
Cramer fucking kills it and is never held to scrutiny. Few viewers are aware he holds the patent on Teflon.
THis is exactly why markup is so LOL but people are paying it.
I tried to buy a bunch of btc @ face 2 nights ago. Guy tried marking them up 3%. I said no. They crash 500 a piece and now he wants to sell @ face
hof
How much was he selling? People are willing to pay markup because they don't want to deal with the exchanges. There is some asshole in LA charging 20% markup on his 16 ATM's and he is busy from what I hear.Quote:
Originally Posted by chinamaniac
He had like 20k. Same thing another guy 25kQuote:
Originally Posted by snake_in_the_assHow much was he selling? People are willing to pay markup because they don't want to deal with the exchanges. There is some asshole in LA charging 20% markup on his 16 ATM's and he is busy from what I hear.Quote:
Originally Posted by chinamaniac
Fuck markup.
Play poker - cash out - 0 vig/ thread
Lol @ markup. Just because some morons pay markup im not. Was the same with those vintage Nintendos last year. People were charging double and triple. Gtfo
Markup for ease is understandable, Id pay it, I also wouldn't expect to be gaur. coin stays at or up after buying. If it went up $500 next day you look smart, works both ways, youre just frugal lol
In all markets/industry youve been paying a markup for ease, deal with it :)
Its not about being frugal. Im just not paying a markup when i can get it from sportsbooks and pokersites via cashouts for 0 markup.Quote:
Originally Posted by DonaldTrumpsHairPiece
I predict within 24-48hrs I will be singing.... someone some where just dumped nearly 100M into BTC and ETH the last couple hours if you believe the days trading figures. Apparently Korea is driving about 60% of the UP buying. I personally know no Koreans but love them.
https://www.youtube.com/watch?v=YrLk4vdY28Q
Uhhhh guys?
http://www.zerohedge.com/news/2017-0...sh-and-bitcoin
(naturally this has resulted in value surging)
Quote:
Originally Posted by sonatine
Can't hurt but short answer is it is not. It is Korea going nuts atm and besides you, me and tin foilers who even read this today?
Again, its a plus but not behind the surge the last few hours, imo.
There was a panic, profit taking couple days now as price rose a new panic on missing out and surge in Koreans buying in, pretty straight forward, fundamentally nothing about the crypto market has changed to drive it down or up besides these things. Panic works both ways, fear of missing out is powerful as well.
Markets are just starting to turn green for alt coins now so BTC/ETH not far behind, everything got hammered the last 24 hrs.
btw Henry I see you lurking, you buy into anything yet?
http://www.marketwatch.com/story/sta...5?link=sfmw_tw
If you’ve ever wondered what “cryptocurrencies” such as bitcoin, litecoin and ethereum are for, ask one of their legions of techie-libertarian fans.
And it’s dollars to dogecoins (yet another one) that the conversation will go something like this:
You: So what’s the purpose of bitcoin?
Fan: The technology is absolutely amazing!
You: Yes, but what’s it for?
Fan: Really, the “blockchain” technology is a total masterpiece, way ahead of its time!
You: Yes, yes, I understand that. But what is it actually for?
Fan: You don’t understand! It’s a completely decentralized money system! Totally revolutionary!
You: Honestly, does it have a purpose? Any purpose at all?
Fan: It’s the wave of the future!
And on it will go.
$100 billion market
Cryptocurrencies, or cyber currencies, which have been in a massive financial mania until their sudden sell-off this week, have two actual uses: online gambling and money laundering. Neither is the heart of a major business model. But that’s it.
And these, preposterously, are the fundamentals behind a mania that has driven these currencies up 30-fold, so that today in aggregate the market for them is a staggering $100 billion.
None of the defenders’ other arguments stack up.
Online currencies are hardly a “store of value” when they have fallen about 30% in a week.
Are they really protections against the ravages of “inflation” and “monetary debasement” imposed by wicked governments? If so, how come people who keep their money in bitcoin and ethereum and the like have experienced Weimar Republic levels of consumer price inflation just this week?
That is, after all, what it means when the price of your “currency” plunges. Bitcoins aren’t just down 30% against the dollar in the past week. They’re down 30% against the potato, the sack of rice, the gallon of gasoline and the new car.
Pure speculation
Admittedly, before this the price of these cyber currencies had skyrocketed. Those who got in at the start of the year have turned $1 into $30. But this looks more like a speculation than a currency. And what will tomorrow bring? I have a pretty good idea how many potatoes I can buy with my dollars next week. Bitcoins? Good luck with that.
You notice, incidentally, that these bitcoiners continue to measure the market price of their beloved new currencies in terms of, er, old-fashioned U.S. dollars.
Cyber currencies may make online purchasing and international money transfers marginally more efficient in theory, but hardly in practice. Would you risk moving your money from dollars into bitcoins just to save a few percent in transaction fees? You’ve seen that wiped out many times over this week just in price fluctuations.
Competition from all sides
Bitcoin, the grandaddy of them all, might at one point have claimed value as a unique entity. If it had a monopoly of the people who wanted to use a cryptocurrency so they could play online poker or finance international crime, it had some worth. Yet in the past few years, multiple competitors have erupted. There are now 25 with individual market values above $100 million, several above $1 billion. Yet all the bitcoins in the world are still “valued” at around $40 billion.
Fast-growing rival ethereum was worth bupkis at the start of the year. Today it’s valued at $31 billion, or almost 10 times as much as the company ESRT, -0.61% that owns the Empire State Building.
Preposterous? You make the call.
I'm in a good mood
https://www.youtube.com/watch?v=GtUVQei3nX4
@NaturalBornHustler...
good post...I mean at this point I'm "scared" to cash out from ignition to bitcoin...I had them actually email me and say basically, 'why do you want a check, cash out via bitcoin.'
like in this environment i'm gonna cashout to something that can drop 5-10% by time I get it from them into a wallet and into actual USD...I mean the chances of that happening aren't huge, but why the hell would I take the risk to lose $150-300 just based on the wild fluctuations of BTC...
ETH just went green again, will it see 10 points tonight?
Any way personally it is all a play, I do it like many for the green USD, tech, use, future, don't care.
Its a vehicle I will ride until I don't, hopefully on the trip I cash, that simple. Debating practicality etc is moot to me, make that money and be happy.
The only time that stuff matters is when I am looking to buy/sell.
Before I head out for the night Ill just leave my call on the 17+ point turn around here...
https://www.youtube.com/watch?v=5aYtx0tioSM
Had a hot babe just buy a ton of BTC. No fucking clue what these people are doing with it. I am dying to know.
Quote:
Originally Posted by snake_in_the_ass
Drugs or as I see it a practical use driving up demand lol
you'd be surprised to find out how many hookers have wallets
Well ETH didn't jump 10 points overnight like I called for, it jumped 12!
A sweet little 27 point turn around in 24 hours, this chick has legs fella's.
My finger still hangs over sell button though lol
Now over 17% gain, Koreans are eating it up, paying $22 MORE per ETH than anywhere else.
Litecoin $43?
C'mon
Quote:
Originally Posted by Sanlmar
I know right, here is my thinking on the short term reasoning (last 24 hrs).
So BTC is nearing $2600+ and rising slowly, ETH $370's what is the next cheapest/affordable but reputable coin we can give a pump to since limits on BTC/ETH atm and have a following.
Basically LTC had the room to pump up and seem legit thus the big move the last 24 hrs. I suspect we will see a slow steady dip back down but not noticing the quick trend on that coin is a missed op. Once back to reasonable number I will buy since room to pump will exist again.
I have noticed the game more and more...
Once you see btc/eth/xrp/ltc get pumped or dumped start looking at the others to make moves in the other direction and rinse repeat. Playing this game is not for faint of heart because xrp/ltc can make you cry VERY fast.
For example look at XRP the other day when btc/eth were beaten up... what else was cheap/reputable and easy to pump.. so they did. Once BTC/ETH bounced back, good bye XRP. In fact if XRP drop a wee bit more I think dumping some into it and cashing out on the next pump could be a good play.
https://coinmarketcap.com/currencies/ripple/#charts
That's all well and good but I think you're witnessing a whole 'nother level of stupid. That mutha launched. It won't hold. Not today.
That was some version of a cup & handle breakout off a W pattern - but that candle is like nothing that has ever occurred before
Time to get nervous about a failed Bitcoin recovery
Bitcoin recovery, you mean a measly 10 points? It will and go beyond that, watch. But why does it even have to hit $3k? To me a big win is seeing it strong and stable in the $2250-$2750 range for a while. Big picture holding that is a win.Quote:
Originally Posted by Sanlmar
As far as LTC, agreed it launched but not for any good reason AND more importantly with little money behind it. It is an industry where large and expensive buys in the grand scheme of things still impact the price greatly. It won't take much to make it plunge. In fact I have watched just millions of dollars make a difference of gains between 35%-45%. Essentially a multi millionaire on LSD hitting a buy or sell button could make or break it in short order.
What's ironic is one of the few practical uses for Bitcoin is skirting the banking laws to deposit to online gambling sites.
Along the way players noticed the better gamble was the chips themselves.
Nope, not talking about 10 points. You're either in an uptrend or a downtrend. See where or if the recovery fails and continues down. That was your concern.
Yeah, if it holds $2750 or whatever you're still in an uptrend
You're gonna see a big shadow end of day on Litecoin. That shadow will be a stick looking thing on your chart. Instead of a solid green bar. It closes maybe $39/40. Maybe...
There is no doubt about that!Quote:
Originally Posted by Sanlmar
Also notice ETC keeps inching up now $20+, may be the new lil pump, have to keep eye on it.
They are running out of top "reputable" coins that had room to pump so the swing back round will come, rinse repeat. Thing about LTC that's mainly ALL China! Seen them pump several markets and within 18-24 months dump.
So I dumped $10k into ETC and in an hour I am up $400 lol Now the question is when to jump this pump...will update
Now up $540....
Singaporean Dollar Tokenized Through Ethereum’s Blockchain by the Monetary Authority of Singapore
http://www.trustnodes.com/2017/06/07...rity-Singapore
Is this a separate or private etherium blockchain?
Who binks the revenue from transactions? Again, is this a private etherium chain?
Fiat: Shells --> paper ---> digital tokens
It's happening
I am astounded this isn't front page stuff. Aside from some libertarian nonsense Bitcoin et al only has value relative to fiat.
How does Visa & MasterCard and other transaction processors feel about this?
Lol, "The Flippening"
Honestly don't have time to research but have seen a handful of new coins come out claiming they "run" an ethereum chain, perhaps stating they use their tech so...
That night I threw $10k at ETC made me $1500 in hours! Then dumped into LTC and made huge for two days and now saw a pull back sub $50. It seems the evening to morning hours are best for LTC so sticking on that horse for another day to see where it goes. No point in hold tons of neutral/no gain/loss bitcoin atm.
We'll see, interesting times.
Is ETC Ethereum classic? I just randomly watched a live thing on youtube about it lol. Said it was pure speculation but I'm damn sure not buying Bitcoin where it is at now. I'd rather gamble with something cheap.Quote:
Originally Posted by DonaldTrumpsHairPiece
Quote:
Originally Posted by NaturalBornHustlerIs ETC Ethereum classic? I just randomly watched a live thing on youtube about it lol. Said it was pure speculation but I'm damn sure not buying Bitcoin where it is at now. I'd rather gamble with something cheap.Quote:
Originally Posted by DonaldTrumpsHairPiece
YES ETC is the original ethereum, the break away is ETH (more expensive). Its not a bad play for $22. Ill jump in and out when the other big 3 are up up and ETC is prime for a lil bump.
Can I just deposit some money and buy as many as I want?Quote:
Originally Posted by DonaldTrumpsHairPieceQuote:
Originally Posted by NaturalBornHustler
YES ETC is the original ethereum, the break away is ETH (more expensive). Its not a bad play for $22. Ill jump in and out when the other big 3 are up up and ETC is prime for a lil bump.
Bitcoin joke of the day
The first investor in Snapchat explains why the bitcoin rally is just getting started
Oh, Snap
i wonder if ethereum dropped 25% of its value because coinbase is fucking up, or if coinbase is fucking up because ethereum dropped 25% of its value.
also real talk if you want to get rich, short ethereum every.. fucking.. time vice runs another article about how its so nexteenth level.
AMD Ryzen Threadripper - wow
Quote:
Originally Posted by Sanlmar
honestly its an impressive piece of gear but i question how significant its going to be.
simply put; its focused on the 'gaming' market so far but from what i can tell, the lions share of all gaming computational power takes place on the GPU, not CPU.
that said, certainly intrigued.