So I am trying to engage in a business transaction for a small sum of money and the buyer would like to pay me in bitcoin. How difficult would it be for me to exchange $107 dollars of bitcoin, into, you know, real money?
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So I am trying to engage in a business transaction for a small sum of money and the buyer would like to pay me in bitcoin. How difficult would it be for me to exchange $107 dollars of bitcoin, into, you know, real money?
I lost a few thousand past few days, but I just colored up almost everything.
Smart move is to stay invested long term, shits going to still skyrocket
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Originally Posted by OSA
Your rates are only $107 for a blowjob? Times must be tough.Quote:
Originally Posted by OSA
Based on what? This could be either a correction or the bubble popping, tough to tell. I would lean towards bubble popping. Bitcoin could see a big bounce if everyone starts moving their money from the shitcoins back into BTC.Quote:
Originally Posted by chinamaniac
unless you need it now, I'd just hang with the coins until you see someone who wants a small amount for poker or gambling or whatever, then do a venmo or paypal deal. Or, use it for your mma parlays and shit like that.Quote:
Originally Posted by OSA
Why would I naked short crypto? First of all I have no idea if there's even a reliable security that would be an appropriate vehicle for such a move, and besides I would have to pair that trade somehow.Quote:
Originally Posted by snake_in_the_ass
I find it interesting to see Krypt & Snake, in particular, bring shorting up. I have been thinking about this lately for obvious reasons.Quote:
Originally Posted by KryptWhy would I naked short crypto? First of all I have no idea if there's even a reliable security that would be an appropriate vehicle for such a move, and besides I would have to pair that trade somehow.Quote:
Originally Posted by snake_in_the_ass
I have written that I really cannot play this market unless I can short. Personally, my attitude is that if I am investing my time to follow a security or commodity I want to be able to play both sides as it rises and falls. That's just my selfish attitude and approach.
First, behavioral economics & human behavior in general rely on the most recent events to make predictions about the future. It's just the way we are wired. If you can fight and remember events from a while back you have an edge on the rest of the folks.
Remember the euphoria of just a couple of weeks ago? In my mind I mark it with the Ethereum ICO's. Just for the experience I decided I'd play small at that time as I could not really grasp the game. I sat in a queue that was 40,000 deep just for the opportunity to buy. Unreal. (I lost interest).
You can't short the cryptos. Not really.
I ain't no economist or finance guy. I just know what I feel. But I know this: short selling is essential in the price discovery process.
If short selling did not exist, prices would predominantly reflect only positive views, driven by buyers in the market, thus pushing prices higher through their demand.
$3000 was bullshit.
Those artificially high prices would not reflect the true, efficient trading price of the asset since they would be created with incomplete information and omitting the negative viewpoints of the asset.
Additionally, short selling provides a hedge even for those who want to be long.
Short selling provides more liquidity and narrows spreads and guards against lol shaninigans. Crypto now are thin dangerous markets.
Thus, you have retarded volatility and nonsense with the crypto markets. How can you play that game?
That's just my attitude. Fun to watch and occasionally tempting but fuck that nonsense.
My thought at the moment is recalling the ICO euphoria and now noting the absence of interest. I don't see too much news. I have been struck by the absence of interest even in this thread. That is how they will die - quietly and in their sleep.
Reliable security? You can short on coinbase. You need 5 million in your account. Chump change for you.Quote:
Originally Posted by KryptWhy would I naked short crypto? First of all I have no idea if there's even a reliable security that would be an appropriate vehicle for such a move, and besides I would have to pair that trade somehow.Quote:
Originally Posted by snake_in_the_ass
"snake" we all know your ass is on the line here if crypto tanks another 20%
Can you fathom parking $5 million on Coinbase? The very idea prolly keeps Karpeles awake in his solitary cell in Japan.Quote:
Originally Posted by snake_in_the_assReliable security? You can short on coinbase. You need 5 million in your account. Chump change for you.Quote:
Originally Posted by Krypt
Decent site for people mostly interested in spectating the show...
https://cryptolization.com/
...i started checking it every few days when the whole crypto market cap was at 38b 3 months ago.
$67 billion in currency and nobody has ever bought a god damned thing with them. Noodle that.Quote:
Originally Posted by gimmick
Sure there's drugs and hits for hire but I have always wanted to get a fix on the importance of illegal gambling relative to cryptos.Quote:
NBA Commissioner Adam Silver says there’s $400 billion per year of illegal sports betting in the U.S. alone.
Thank god for that too
Nobody has ever bought anything with what? BTC or crypto?Quote:
Originally Posted by Sanlmar
Yup fascinating insanity. It might only take few years now to get enough details to piece together a story about who made the play for the whole market. At least i assume it wasn't just organic stupidity.Quote:
Originally Posted by Sanlmar
Doubt he meant literally. Practically nothing by the mainstream compared to their uses in black/grey markets and/or the current market cap.Quote:
Originally Posted by GringoStarNobody has ever bought anything with what? BTC or crypto?Quote:
Originally Posted by Sanlmar
Kinda based on that utopia that one day 1 of the coins will be fully adopted by the mainstream. Reasonable amount of their price are bets that it will be some particular coin.
anyone who thinks the alphabay takedown and the deflation in value are coincidental has not been doing their homework.
i know the lions share of the instability is rooted in the impending fork(s) but seriously, talk about the straw that broke the camels back. that was more like the telephone pole that broke the camels back.
Bubble has not hit , way too much interest and it is still growing, I'd be shocked if they did not fire to 5k + at some pointQuote:
Originally Posted by snake_in_the_assBased on what? This could be either a correction or the bubble popping, tough to tell. I would lean towards bubble popping. Bitcoin could see a big bounce if everyone starts moving their money from the shitcoins back into BTC.Quote:
Originally Posted by chinamaniac
Quote:
Originally Posted by chinamaniacBubble has not hit , way too much interest and it is still growing, I'd be shocked if they did not fire to 5k + at some pointQuote:
Originally Posted by snake_in_the_ass
Absolutely true. Again, BTC is AOL. It's on top now, but it will eventually be irrelevant.
Yup maybe worth pennies at some point but dont think we are close to a bubble. Too hard to predict this stuff and anyone who thinks they know anything about this stuff is full of shit. I just know the market is still growing and there will be huge u-s and downs for a whileQuote:
Originally Posted by GringoStarQuote:
Originally Posted by chinamaniac
Absolutely true. Again, BTC is AOL. It's on top now, but it will eventually be irrelevant.
tight analysis
Agreed, I know just enough to know I don't know shit.Quote:
Originally Posted by chinamaniacYup maybe worth pennies at some point but dont think we are close to a bubble. Too hard to predict this stuff and anyone who thinks they know anything about this stuff is full of shit. I just know the market is still growing and there will be huge u-s and downs for a whileQuote:
Originally Posted by GringoStar
can we take it back to when young tine called them shitcoins at 200 a pop
The bitcoin believers came out of their caves today. Sold 20k worth of BTC via the ATM's. And China is right, nobody knows a god damn thing. I don't care about the price anymore, I have my system all automated. Inventory is replaced automatically as it is depleted. Don't know why people buy Bitcoin but hope it continues.Quote:
Originally Posted by chinamaniacYup maybe worth pennies at some point but dont think we are close to a bubble. Too hard to predict this stuff and anyone who thinks they know anything about this stuff is full of shit. I just know the market is still growing and there will be huge u-s and downs for a whileQuote:
Originally Posted by GringoStar
Thanks Krypt for an easy trade. Quick 10%.Quote:
Originally Posted by snake_in_the_assProbably a buy signal. Long @ $1960 for a trade. Hopefully I don't get raped when I wake up in the morning. No stop loss either that's for pussys.Quote:
Originally Posted by KryptQuote:
Originally Posted by chinamaniac
Quote:
Originally Posted by monsterjDon't worry, he knows not what he says.Quote:
Originally Posted by Sanlmar
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Originally Posted by Krypt
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Originally Posted by chinamaniac+1920Quote:
Originally Posted by chinamaniac
GO FUCK YOURSELVES
https://motherboard.vice.com/en_us/a...on-in-ethereum
someone popped Parity for a cool 32m USD ethereum headshot.
Bitcoin is up $675 per coin ever since Krypt pounded his chest telling us to fuck ourselves. LMAO.
Make that $800.Quote:
Originally Posted by snake_in_the_ass
$900. Krypt came on here to gloat that bitcoin tanked. $900 dollar run per coin since his post. LMAO.Quote:
Originally Posted by snake_in_the_assMake that $800.Quote:
Originally Posted by snake_in_the_ass
+4k nowQuote:
Originally Posted by chinamaniac
Going to see some 1k swings either way soon
I got lucky past few days. Been trying to sell some @2100 with a bunch of people giving me the run around. then got a batch delivered this morning and they went towards moon quickly
Krypt is obv a Goldfarb dupe.Quote:
Originally Posted by snake_in_the_ass
Not sure if this should possibly get its own thread.. Disturbing news out of Coinbase.. Despite the news of BIP91 Coinbase is essentially denying they will continue to support either BIP91 or BIP148 meaning they are leaving a lot of BTC holders hanging.. My suggestion since they intend to cease Buy and Sell of BTC on July 31st to pull your coins or cash out before then till the idiots figure out what they are doing. They claim they are only going to support the old/current blockchain at this time which makes zero sense.. The news already indicates there isn't going to be a fork as coinbase expected so why go this route.. Just seems a wee bit odd if you ask me..
Heres what they posted earlier
https://support.coinbase.com/custome...-uahf-uasf-faq
Regulated Bitcoin options & swaps will be available this fall. We can finally short without getting screwed by some shady exchange.Quote:
LedgerX becomes the first regulated bitcoin options exchange
CFTC authorized company to provide clearing services for swaps
Fuck the NFL
Hope they aren't DD before then. That would be just my luck.
Was wondering what inside info Goldman Sachs had to recently forecast bitcoin price to climb.Quote:
Originally Posted by Sanlmar
That move on 7/19 smells of complete bullshit. Woulda faded that hugeQuote:
Originally Posted by MumblesBadlyWas wondering what inside info Goldman Sachs had to recently forecast bitcoin price to climb.Quote:
Originally Posted by Sanlmar
Is there a way to profit from the fork?
Quote:
Originally Posted by jacosta24
I don't know about right now, but I bought a number of alt coins a few Saturdays ago when bitcoin was $1800 that I wouldn't care if I got stuck with long and flipped like half of them for a quick close to triple up and will freeroll long on the rest as they all seem to rise and fall on btc instability. If you're a believer in holding and in crypto there should be some bargain hunting up until whatever this thing is shakes out. I don't know shit about any of it other than what people post here and bitcoin talk, but when coins that were trading at 12 start dipping to 2.50 over btc shaking the market, I'm willing to gamble it up and hope to get my money back out and freeroll what's left long. I would just buy cheap and hold at this point now with this fork/no fork thing coming up quickly. Had btc not rebounded early this week and drug the rest up with it I would have just held.
Ya, possibly panic selling at end of the of the month,shit may dip hard on the first or around there.Quote:
Originally Posted by jacosta24
Should I move my btc off blockchain.info before the fork?
Go with mycelium on your smartphone. And don't forget to do the 12 word backup.Quote:
Originally Posted by jacosta24