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Thread: Bitcoins are officially donkdown

  1. #6321
    I could burn all the money I've used to purchase btc and ethereum and it would be no big deal, and I advise others who aren't in the same boat to stay way -- but bought more at 3600 level, more at these 3200-3300 levels. No one on here listened when I posted about Tron that then 30x, or XRP before it 12x - we're a long way from any of that (doubt that kind of climate ever returns), but I will buy BTC down to zero. Been waiting on sub 5k for almost a year. If you have money to splash around with, Bitcoin SV is a good gamble.

  2. #6322
    DO NOT GET HORNSWAGGLED BY VAUGHN

  3. #6323
    Diamond big dick's Avatar
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    fuck you jewlips

  4. #6324
    Owner Dan Druff's Avatar
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    Quote Originally Posted by VaughnP View Post
    I could burn all the money I've used to purchase btc and ethereum and it would be no big deal, and I advise others who aren't in the same boat to stay way -- but bought more at 3600 level, more at these 3200-3300 levels. No one on here listened when I posted about Tron that then 30x, or XRP before it 12x - we're a long way from any of that (doubt that kind of climate ever returns), but I will buy BTC down to zero. Been waiting on sub 5k for almost a year. If you have money to splash around with, Bitcoin SV is a good gamble.
    Disagree about buying BTC right now. It's too unclear where it's going. This situation seems worse than just your run-of-the-mill bitcoin crash. There's a certain doom and gloom surrounding this one, including the Chinese miners giving up and abandoning equipment.

    Even some normally pro-BTC blogs are opining that it will bottom out in the $1750-$2700 range.

    Agree that Bitcoin Cash SV might be a good gamble. I've been looking at that myself. Things are crashing down hard this week for Roger Ver and Bitcoin Cash ABC (there's even a lawsuit filed against him), and SV passing ABC in value, even slightly, is a huge win for Ayre's version of the currency. If I had to pick one crypto which is most likely to rise in coming weeks, it's Bitcoin Cash SV.

    However, SV has three factors working against it. First, there is a general sour opinion of Bitcoin Cash in general right now, due to this hard fork fiasco. SV might just end up winner of the loser's bracket. Second, SV doesn't have very good acceptance yet on exchanges. For example, Gemini announced that they support ABC and are "still monitoring" SV. If SV can be accepted on exchanges at the same rate as ABC, I think it's pretty much game over for ABC, and SV will rise further. Third, all cryptos have been declining the past few weeks, so SV also has to battle that. (This last one only applies if you are using fiat currency to buy SV.)

    Long term, and even medium term, I think that all forms of Bitcoin Cash are fucked, but there might be some short term potential in SV right now.

  5. #6325
    Nova Scotia's REAL #1 Webcam DJ sonatine's Avatar
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    Quote Originally Posted by Dan Druff View Post
    Quote Originally Posted by VaughnP View Post
    I could burn all the money I've used to purchase btc and ethereum and it would be no big deal, and I advise others who aren't in the same boat to stay way -- but bought more at 3600 level, more at these 3200-3300 levels. No one on here listened when I posted about Tron that then 30x, or XRP before it 12x - we're a long way from any of that (doubt that kind of climate ever returns), but I will buy BTC down to zero. Been waiting on sub 5k for almost a year. If you have money to splash around with, Bitcoin SV is a good gamble.
    Disagree about buying BTC right now. It's too unclear where it's going. This situation seems worse than just your run-of-the-mill bitcoin crash. There's a certain doom and gloom surrounding this one, including the Chinese miners giving up and abandoning equipment.

    Even some normally pro-BTC blogs are opining that it will bottom out in the $1750-$2700 range.

    Agree that Bitcoin Cash SV might be a good gamble. I've been looking at that myself. Things are crashing down hard this week for Roger Ver and Bitcoin Cash ABC (there's even a lawsuit filed against him), and SV passing ABC in value, even slightly, is a huge win for Ayre's version of the currency. If I had to pick one crypto which is most likely to rise in coming weeks, it's Bitcoin Cash SV.

    However, SV has three factors working against it. First, there is a general sour opinion of Bitcoin Cash in general right now, due to this hard fork fiasco. SV might just end up winner of the loser's bracket. Second, SV doesn't have very good acceptance yet on exchanges. For example, Gemini announced that they support ABC and are "still monitoring" SV. If SV can be accepted on exchanges at the same rate as ABC, I think it's pretty much game over for ABC, and SV will rise further. Third, all cryptos have been declining the past few weeks, so SV also has to battle that. (This last one only applies if you are using fiat currency to buy SV.)

    Long term, and even medium term, I think that all forms of Bitcoin Cash are fucked, but there might be some short term potential in SV right now.


    https://www.axios.com/corporate-amer...d107817ca.html


    from a month ago.

    basically a day or two before the selloffs started.
    "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

  6. #6326
    Owner Dan Druff's Avatar
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    Well I just cashed out 2.1 BTC from a poker site, so now I need to decide if I should just ship them to an exchange and cash them out, load them into a few sports accounts, or hold them like an idiot.

  7. #6327
    Owner Dan Druff's Avatar
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    Bitcoin is close to becoming worthless: https://www.marketwatch.com/story/bi...ess-2018-12-03

    I liked this line near the end:

    Indeed, while the world maybe forever be indebted to Satoshi Nakamoto for giving us a viable cryptocurrency, bitcoin may cease to exist. An improved coin might evolve, or governments might start issuing cryptocurrencies. History is full of examples of innovative companies that went bankrupt, and the “me-too” companies becoming the best investments.
    I've been saying this forever.

    Betamax was the best quality way to record live TV in the early 80s, but do you know anyone with a Betamax VCR today?

    Do you know anyone who does their computer work on an Apple II or Commodore VIC-20?

    Anyone still playing on Planet Poker or Paradise Poker?

    It's laughable how the "cryptos are gonna change the world" crowd are so high on modern coins, thinking they are going to be the future. What we've seen is the birth of a concept which may or may not catch on and become the standard for electronic payment one day. However, the current incarnation of it is very immature, and as we've seen with all the internal squabbles and hard forks, the people in charge aren't exactly natural leaders. Putting too much stock in things at present is a big mistake.

  8. #6328
    Take your bow, sonatine

  9. #6329
    Owner Dan Druff's Avatar
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    Dumped my BTC onto 3 sportsbooks because I seriously fear going to sleep and waking up to find I've lost half my money.

     
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      sonatine: extremely good idea rep

  10. #6330
    Owner Dan Druff's Avatar
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    https://www.independent.co.uk/life-s...-a8675766.html

    I like how cryptocurrency "experts" are still predicting it could easily get to $250k-$500k per coin in the near future.

    Talk about delusional.

    These people want to get one last hurrah out of their "investment" because they regret not selling a year ago.

    That ship has long sailed, especially since it's been proven that much of the 2017 run-up was due to market manipulation.

     
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      Tellafriend:

  11. #6331
    Quote Originally Posted by Dan Druff View Post
    Dumped my BTC onto 3 sportsbooks because I seriously fear going to sleep and waking up to find I've lost half my money.
    So you rather find all your money gone over several weeks or months?

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