Originally Posted by Sanlmar
Welcome to the party, pal.
Welcome to the party, pal.
"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
Apologize if this has been posted.
Everything I have read is the run up is in Asia, especially in South Korea. The retail investors cannot cash out in an orderly fashion, because there is no regulation. The exchanges don't have enough cash to handle a bank run, because the banks are not going to accept crypto, only exchanges. South Korea has to be terrified, they have NK breathing down their neck and for all they know the sellers of the coins are from North Korea.
There is value in regulated markets. Until the world becomes a nations without borders, crypto can never work.
Not sure if anybody else has been notified but got an email this morning hashcoins was suspending withdrawals temporarily due to issues with block.io and massive delays on the chain. Isn’t going to do anything to alleviate concerns that have been ongoing that’s for sure.
www.jokerstarspoker.com / www.jokerstarspoker.net / www.jokerstarspoker.eu
www.jokerstarspoker.club (not your mommas chinese poker app)
Are they shifting the blame onto block.io? Block.io is running just fine.
Saw this one the other day from Jordan Belfort. He's just another monger speculating imo.
My issue with bitcoin is t the security of it all. I feel as if people are glossing over these common reports of bitcoins being stolen as if they are no big deal. 60 million was jacked last week. There is no FDIC insurance for this stuff. I also wonder what happens if some big corporation gets behind a currency or develops it own. For example, Elon Musk or Jeff Bezos decides to develop one that is even better and does offer some insurance against hacking.
Bitcoin could very well be worth 100s of thousands a coin or more in a few years. However, at the end of the day, you will most likely want to convert it into fiat currency so you can buy shit in the real world. To do this you have to deal with third parties that may be operated by shady people or are just not secure. Once your bitcoin is with a third party , you are not in much better shape than having your money on some shady casino site. At that point it is all numbers until it hits your bank account.
:freelewfather
looks like one of the big dogs of the ICO scene is about to go up in flames.
Tezos is a fucking mess. One of the 4 people on the board just quit in disgust because of infighting between the other 3, 2 of whom are married and own the source code of the project.
People who donated to their ICO have not received their 'tezzies' crypto coins because of the ongoing fued, and the value of the btc & eth coins they donated has of course gone through the roof since.
On top of which, the married couple are facing no less than 3 class action lawsuits that they are insisting Tezos foot the cost of defending against, meaning all those people who donated to the ICO would, in fact, be basically footing their legal bill.
https://www.reuters.com/article/us-b...-idUSKBN1E62KN
"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
https://www.cnbc.com/2017/12/13/fed-...ive-asset.html
yellen basically rehashing this thread yall.
"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
The old broad’s tempered comments are more reflective of the fact that fraud, money laundering and other bitcoin fun is more of a Treasury deal than the Fed.
Nonetheless interesting
To her credit she speaks English as opposed to Alan Greenspan’s cypher.
She was a puppet but I’m gonna miss her a little bit.
I still harbor your comment Sonatine that one late night Tweet from Trump could trigger enormous threadworthy lolz
Hold Your Own Bitcoins
My issue with bitcoin is t the security of it all. I feel as if people are glossing over these common reports of bitcoins being stolen as if they are no big deal. 60 million was jacked last week. There is no FDIC insurance for this stuff. I also wonder what happens if some big corporation gets behind a currency or develops it own. For example, Elon Musk or Jeff Bezos decides to develop one that is even better and does offer some insurance against hacking.
Bitcoin could very well be worth 100s of thousands a coin or more in a few years. However, at the end of the day, you will most likely want to convert it into fiat currency so you can buy shit in the real world. To do this you have to deal with third parties that may be operated by shady people or are just not secure. Once your bitcoin is with a third party , you are not in much better shape than having your money on some shady casino site. At that point it is all numbers until it hits your bank account.
Either Sell to Private Parties
Or Use Big USA exchanges
Futures are down around $1100 so that’s fun too.
Has there been any volume on large conversions from bitcoin to USD$? I am not talking about bleeding out a couple thousand a week on an exchange or some mysterious transaction from one guy to another. I guess what I am asking has there been an event where someone just handed over a flashdrive to a bank and walked out with a million bucks, either in person or in a documented transaction. In other words, here is 500 hundred bitcoins, give me millions in cash right now, either in person or internet in real time.
Aside from the accidental idiot who binked something ... big trades like the ones of your daydreams happen in dark pools away from the public exchanges.
I mean exchanges sponsor Dark Pools sometimes but its private
Neither side wants to upset a thin market and collapse or spike prices.
So you never know the truly tasty trades.
Google Dark Pools and enjoy.
Nice call on Roy Moore dip shit
LOL. Go back to being Mr. Dad and buy some bitcoin dignity. You might be a successful internet poker player and troll, but you are a life pansy. Fucking stay at home Dad, how pathetic.Nice call on Roy Moore dip shit
You missed my question. I am not looking for some dark trade. Most, if not all bitcoin transactions are retail investors, i.e. general goobers. So someone that has say a million dollars worth of bitcoins, how do they unload them naturally? I am not talking about drug trade type transactions. I am talking about someone in say Idaho with 20 bitcoins and wants $340,000 in USD$ on Friday. How does he do it?Aside from the accidental idiot who binked something ... big trades like the ones of your daydreams happen in dark pools away from the public exchanges.
I mean exchanges sponsor Dark Pools sometimes but its private
Neither side wants to upset a thin market and collapse or spike prices.
So you never know the truly tasty trades.
Google Dark Pools and enjoy.
That’s a mystery to me as so many exchanges limit the amount you can sell at one time. Which itself is a fun component of the rigged bitcoin game.You missed my question. I am not looking for some dark trade. Most, if not all bitcoin transactions are retail investors, i.e. general goobers. So someone that has say a million dollars worth of bitcoins, how do they unload them naturally? I am not talking about drug trade type transactions. I am talking about someone in say Idaho with 20 bitcoins and wants $340,000 in USD$ on Friday. How does he do it?
bitcoin is primarily a tool designed for me to funnel money to the bovada blackjack table
See that is my point, this fake news of "Stored Currency". Stored Bitcoin Currency to me means you can't cash it out when you want to because it crashes the system. The exchanges don't have the liquidity to handle really anything other that a few dozen coins a day. You can't buy anything of value with bitcoins unless you have a true believer on the other side selling.That’s a mystery to me as so many exchanges limit the amount you can sell at one time. Which itself is a fun component of the rigged bitcoin game.
So it's not a currency and its not an asset you can liquidate.
The problem is retail investors make up the bulk of the recent buying. It just takes one whale to drop 10,000 coins and it wipes out the exchanges, and all the retail gets crushed. What a disaster in the making.
Like I said, I might be wrong, but has there been anyone in the last month documented cashing out say $5M in Bitcoin and getting cash (USD$) the next day? That is a pittance in a multi Trillion dollar economy.
I'd feel better about this asset if you could walk into a bank with a flashdrive and walk out with a 8 figure cashier check.
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