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?
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
Originally Posted by OSA
Your rates are only $107 for a blowjob? Times must be tough.
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.
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.
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.
I find it interesting to see Krypt & Snake, in particular, bring shorting up. I have been thinking about this lately for obvious reasons.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.
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.
Last edited by Sanlmar; 07-16-2017 at 09:55 AM.
Reliable security? You can short on coinbase. You need 5 million in your account. Chump change for you.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.
"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.Reliable security? You can short on coinbase. You need 5 million in your account. Chump change for you.
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.
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.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?
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.
Doubt he meant literally. Practically nothing by the mainstream compared to their uses in black/grey markets and/or the current market cap.Nobody has ever bought anything with what? BTC or crypto?
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.
"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
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 pointBased 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.
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 point
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 while
Absolutely true. Again, BTC is AOL. It's on top now, but it will eventually be irrelevant.
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