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Thread: Bitcoins are officially donkdown

  1. #3861
    Plutonium sonatine's Avatar
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    https://www.msn.com/en-gb/money/vide...itz/vi-BBFUrS5



    Joseph Stiglitz, Nobel Laureate and Columbia University Professor, discusses Bitcoin and explains why the digital currency "ought to be outlawed."


    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  2. #3862
    Master of Props Daly's Avatar
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    Quote Originally Posted by cmoney View Post
    Big run up today.

    Major crash within 2 weeks . At least 30 percent imo

    sfo
    I agree 100%. Might be 50%.

    Doesn't mean it won't hit $25K at some point but this is too much too fast.

  3. #3863
    Owner Dan Druff's Avatar
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    Pretty ugly crash from 11300 to 9100 (!!), but it's right back to 10k.

    You can repeatedly stab bitcoin, but it just won't die.

  4. #3864
    Gold DonaldTrumpsHairPiece's Avatar
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    Quote Originally Posted by tommyt View Post
    Soooo......i woke up lastnight and coulsnt go back to sleep and saw the 10k price. Then started looking at litecoin is it time to start buying that shit up? In theory it should end up being about 25% of what bitcoin is worth?
    no

  5. #3865
    Plutonium big dick's Avatar
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    Quote Originally Posted by DonaldTrumpsHairPiece View Post
    Quote Originally Posted by tommyt View Post
    Soooo......i woke up lastnight and coulsnt go back to sleep and saw the 10k price. Then started looking at litecoin is it time to start buying that shit up? In theory it should end up being about 25% of what bitcoin is worth?
    no
    Mind telling us why?

  6. #3866
    Plutonium sonatine's Avatar
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    indonesia just banned bitcoin.


    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  7. #3867
    Gold DonaldTrumpsHairPiece's Avatar
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    Quote Originally Posted by big dick View Post
    Quote Originally Posted by DonaldTrumpsHairPiece View Post

    no
    Mind telling us why?
    Because since the land before time it has and always will be the ugly step child, second to the table, no lovin little bro to BTC. And 25% is a HUGE target, ridiculous in fact. Logic does not apply to this market guys. LTC has been around for YEARS and yet a ICO with a few million in their pocket for marketing and a hype machine will reach more people in a year and brain wash them. Charlie is a great guy and skilled but lacks. He believes the work speaks for itself, is does but not in this market.

    $2500 LTC, sure but only when BTC hits $250k.

  8. #3868
    Gold DonaldTrumpsHairPiece's Avatar
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    Quote Originally Posted by sonatine View Post
    indonesia just banned bitcoin.


    Great accomplishment.

  9. #3869
    Plutonium big dick's Avatar
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    Quote Originally Posted by sonatine View Post
    indonesia just banned bitcoin.


    over a month ago right?

  10. #3870
    Gold SetofKs's Avatar
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    What would happen if the united states banned it? Would they be banning all crypto? Or would they just be banning BTC? If they'd just be banning BTC, I'd think some other crypto would just take it's place and blow up huge.

  11. #3871
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    Quote Originally Posted by SetofKs View Post
    What would happen if the united states banned it? Would they be banning all crypto? Or would they just be banning BTC? If they'd just be banning BTC, I'd think some other crypto would just take it's place and blow up huge.
    whole damn thing, but guess they'd try to do what they did with poker and cut the head off from the body and charge banks with monitoring purchases and all that shit...

  12. #3872
    Bronze Reno's Avatar
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    Coinbase ordered to report 14,355 users to the IRS

    https://www.theverge.com/2017/11/29/...se-irs-records

     
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      TheXFactor: I see Micon paying a large tax fine in his future.

  13. #3873
    Plutonium sonatine's Avatar
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    Quote Originally Posted by big dick View Post
    Quote Originally Posted by sonatine View Post
    indonesia just banned bitcoin.


    over a month ago right?

    https://coconuts.co/jakarta/news/ind...soars-us10000/

    basically they announced they are putting a ban in on btc and eventually all cryptocurrency with a target date for implementation in 2018.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  14. #3874
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    Quote Originally Posted by Reno View Post
    Coinbase ordered to report 14,355 users to the IRS

    https://www.theverge.com/2017/11/29/...se-irs-records
    Doesn't mean anyhing. A winning trader in Coinbase could also be a losing trader on Gemini or Bitfinex. There is no central clearinghouse like there is for stock trades, this will amount to nothing.

  15. #3875
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    Quote Originally Posted by DonaldTrumpsHairPiece View Post
    Quote Originally Posted by tommyt View Post
    Soooo......i woke up lastnight and coulsnt go back to sleep and saw the 10k price. Then started looking at litecoin is it time to start buying that shit up? In theory it should end up being about 25% of what bitcoin is worth?
    no
    Just because LTC has 4x the supply of BTC, doesn't mean it will be worth 1/4 the price of BTC. That is how you came up with the 25%, right? I do think LTC can skyrocket a lot because idiots in Coinbase will think it is a cheaper version of BTC. It went up 100% this month and I will be loading up on the next dip.

  16. #3876
    Diamond Tellafriend's Avatar
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    Quote Originally Posted by snake_in_the_ass View Post
    Quote Originally Posted by Reno View Post
    Coinbase ordered to report 14,355 users to the IRS

    https://www.theverge.com/2017/11/29/...se-irs-records
    Doesn't mean anyhing. A winning trader in Coinbase could also be a losing trader on Gemini or Bitfinex. There is no central clearinghouse like there is for stock trades, this will amount to nothing.
    Of course it means something. When the IRS has the trades you will have to prove the offsetting losses or else pay up if your lucky or go to jail if you are defrauding.

  17. #3877
    NoFraud Poker Room Manager Belly Buster's Avatar
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    Quote Originally Posted by sonatine View Post
    Quote Originally Posted by big dick View Post
    over a month ago right?

    https://coconuts.co/jakarta/news/ind...soars-us10000/

    basically they announced they are putting a ban in on btc and eventually all cryptocurrency with a target date for implementation in 2018.
    Indonesia has also banned youtube, reddit and netflix in the past. I think you get what I'm saying.

     
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      MumblesBadly: LOL!
    Quote Originally Posted by Dan Druff View Post
    BTW JACKDANIELS is the first one banned from the thread. He is accusing me of being "duped by a middle aged man who dresses like John Cena"
    #FREEJACK #NEVERFORGET

    NoFraud Online Poker Room: http://nofraud.pokerfraudalert.com:8087. For password resets and reload requests PM me.

  18. #3878
    Plutonium simpdog's Avatar
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    Quote Originally Posted by Belly Buster View Post
    Quote Originally Posted by sonatine View Post


    https://coconuts.co/jakarta/news/ind...soars-us10000/

    basically they announced they are putting a ban in on btc and eventually all cryptocurrency with a target date for implementation in 2018.
    Indonesia has also banned youtube, reddit and netflix in the past. I think you get what I'm saying.
    Is it that youtube, reddit and Netflix are all donk down?

  19. #3879
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    Quote Originally Posted by simpdog View Post
    Quote Originally Posted by Belly Buster View Post

    Indonesia has also banned youtube, reddit and netflix in the past. I think you get what I'm saying.
    Is it that youtube, reddit and Netflix are all donk down?
    Yes, i heard it was a BLOODBATH

  20. #3880
    Bronze Reno's Avatar
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    Quote Originally Posted by Reno View Post
    Coinbase ordered to report 14,355 users to the IRS

    https://www.theverge.com/2017/11/29/...se-irs-records
    Looks like for now it's just the 2013 to 2015 period, see Conclusion on page 14

     

    View on scribd here: https://www.scribd.com/doc/365893210/  



    Coinbase statement:
    https://blog.coinbase.com/coinbase-o...s-dac041db59a3

    Last edited by Reno; 11-30-2017 at 10:36 AM. Reason: added coinbase statement

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