Bitcoins are officially donkdown

[OSA]

Sell half so you don't get fucked on the short term and take advantage of the recent surge for some short term gains.

Sit that money out and monitor the performance through the rest of the month. Sell half of the remaining half if it dips below where you bought it. Put the money you took out and hold it for a reinvestment (probably in another up-and-comer like Etherum, or disperse amongst various alts to lessen your risk).

Bitcoin is a religion, nobody sells. LTC is going to $1000 and Ethereum to $2500.

Funny. I read that its gonna top at like 410 and then crash

[sonatine]

https://www.tripwire.com/state-of-se...ond-hack-year/

another bitcoin exchange just folded because it got 'hacked'.


im sure its just a big misunderstanding tho and all the customers got their bitcoins refunded.

[BeerAndPoker]

These fees the past few weeks are robbery.

[sonatine]

cofounder of bitcoin.com just dumped his holdings.




all of them.



Oldenburg says that people don’t understand the risk associated with the coins as they only own them and have not sold or traded with them. “As soon as people realize that this is how it works, they will start to sell. The old bitcoin network is as good as unusable.”

[snake_in_the_ass]

cofounder of bitcoin.com just dumped his holdings.




all of them.



Oldenburg says that people don’t understand the risk associated with the coins as they only own them and have not sold or traded with them. “As soon as people realize that this is how it works, they will start to sell. The old bitcoin network is as good as unusable.”

Article says he dumped all of his BTC for BCH. Part of the pump n dump with coinbase, not a coincidence.

[SrslySirius]

cofounder of bitcoin.com just dumped his holdings.




all of them.



Oldenburg says that people don’t understand the risk associated with the coins as they only own them and have not sold or traded with them. “As soon as people realize that this is how it works, they will start to sell. The old bitcoin network is as good as unusable.”

I don't know anything about Oldenburg, but his co-founder is Roger Ver, a BCH evangelist who hates Bitcoin as much as you do. Last week on a podcast I saw him get deeply offended at the term "BCash", likening it to a racial slur. lol

So I'd take anything he says with the caveat that he's probably suuuuper biased. Apparently tribalism runs deep among the fanatics of various shitcoins, BTC included.

[Dan Druff]

For those of you tired of getting raped by bitcoin transaction fees, here are some tips:

1) On Blockchain.info, click "Customize Fee" and cut the number to about half. The transaction might be slower, but it will cost you substantially less. In addition, sending the BTC to a place like Bovada, it will still typically be approved quickly, as Bovada usually gives trusted users "credit" for the bitcoin deposit long before the transaction fully completes.

2) Try sending late at night or very early morning, as I've noticed there are far fewer transactions at that time, leading to lower fees

[MrTickle]

insider trading alert. Thoughts something funny was going on yesterday when I was the BCH rise and looks like I was right. Listed on Coinbase

[GringoStar]

Sell half so you don't get fucked on the short term and take advantage of the recent surge for some short term gains.

Sit that money out and monitor the performance through the rest of the month. Sell half of the remaining half if it dips below where you bought it. Put the money you took out and hold it for a reinvestment (probably in another up-and-comer like Etherum, or disperse amongst various alts to lessen your risk).

Bitcoin is a religion, nobody sells. LTC is going to $1000 and Ethereum to $2500.

I sold some at 5k years ago. I sold some at the beginning of 2017. I just sold some last week.

I have some in cold storage that I won't touch. I guess you could call that the religion section.

[Brittney Griner's Clit]

My friend would like to know if you could send him the contact info of the guy you sold bitcoin to at 5K years ago. If you could just send it to me I will get it over to him. He says if things pan out he will throw you something.

[Brittney Griner's Clit]

I refuse to believe they are just going to let every Tard Dick and Harry become a zillionaire. Bitcoin almost has to just free fall to like 100 after Christmas. The only other option would be the dollar free-falling and bitcoin basically becoming the Amero. lulz Amero. Doesn't something have to give? My guess would be it crashes right after I hit a 10 team parlay and I'm left holding the bag.

[snake_in_the_ass]

cofounder of bitcoin.com just dumped his holdings.




all of them.



Oldenburg says that people don’t understand the risk associated with the coins as they only own them and have not sold or traded with them. “As soon as people realize that this is how it works, they will start to sell. The old bitcoin network is as good as unusable.”

Litecoin founder unloaded his coins.

[sonatine]

insider trading alert. Thoughts something funny was going on yesterday when I was the BCH rise and looks like I was right. Listed on Coinbase

holy shit.


http://www.bbc.com/news/technology-42425857

[chinamaniac]

cofounder of bitcoin.com just dumped his holdings.




all of them.



Oldenburg says that people don’t understand the risk associated with the coins as they only own them and have not sold or traded with them. “As soon as people realize that this is how it works, they will start to sell. The old bitcoin network is as good as unusable.”

I don't know anything about Oldenburg, but his co-founder is Roger Ver, a BCH evangelist who hates Bitcoin as much as you do. Last week on a podcast I saw him get deeply offended at the term "BCash", likening it to a racial slur. lol

So I'd take anything he says with the caveat that he's probably suuuuper biased. Apparently tribalism runs deep among the fanatics of various shitcoins, BTC included.

Ya he is smart but he is certifiably crazy and he scares me a bit with the bitcoin cash thing. He has been promoting the shit out of it and he will be all over tv promoting it again today.

He predicts within 6 months Bitcoin Cash will be the top coin

[snake_in_the_ass]

I refuse to believe they are just going to let every Tard Dick and Harry become a zillionaire. Bitcoin almost has to just free fall to like 100 after Christmas. The only other option would be the dollar free-falling and bitcoin basically becoming the Amero. lulz Amero. Doesn't something have to give? My guess would be it crashes right after I hit a 10 team parlay and I'm left holding the bag.

Do you play on nitrogen?

[sonatine]

I refuse to believe they are just going to let every Tard Dick and Harry become a zillionaire.

I dont understand how you can spend this much time in this thread and still not understand that this isnt some illuminati conspiracy, its just math.

In order to become rich, you need to cash out your BTC.

Unless the 'downstream' adopters continue to buy, which clearly they wont because there are a finite number of morans with a finite amount of money to be separated from, there is a guaranteed deflation of price in proportion to the volume sold.

Simply put; if there is a 'run' on btc exchanges, the first thing that will happen is they will run out of cash reserves within hours. The 2nd thing that will happen is people start undercutting each other for sell prices in a desperate attempt to jump off a sinking ship, which will only finish what the molten, smoldering exchanges started.

[simpdog]

I refuse to believe they are just going to let every Tard Dick and Harry become a zillionaire.

I dont understand how you can spend this much time in this thread and still not understand that this isnt some illuminati conspiracy, its just math.

In order to become rich, you need to cash out your BTC.

Unless the 'downstream' adopters continue to buy, which clearly they wont because there are a finite number of morans with a finite amount of money to be separated from, there is a guaranteed deflation of price in proportion to the volume sold.

Simply put; if there is a 'run' on btc exchanges, the first thing that will happen is they will run out of cash reserves within hours. The 2nd thing that will happen is people start undercutting each other for sell prices in a desperate attempt to jump off a sinking ship, which will only finish what the molten, smoldering exchanges started.

I agree this is what could happen.

But remember bitcoins are limited in supply. There is a finite number of bitcoins and a large number of people hoarding, plus throw in lost bitcoins, etc.

I feel like the nail in the coffin will be government interference or an alternative coin that is government backed.

[chinamaniac]

I dont understand how you can spend this much time in this thread and still not understand that this isnt some illuminati conspiracy, its just math.

In order to become rich, you need to cash out your BTC.

Unless the 'downstream' adopters continue to buy, which clearly they wont because there are a finite number of morans with a finite amount of money to be separated from, there is a guaranteed deflation of price in proportion to the volume sold.

Simply put; if there is a 'run' on btc exchanges, the first thing that will happen is they will run out of cash reserves within hours. The 2nd thing that will happen is people start undercutting each other for sell prices in a desperate attempt to jump off a sinking ship, which will only finish what the molten, smoldering exchanges started.

I agree this is what could happen.

But remember bitcoins are limited in supply. There is a finite number of bitcoins and a large number of people hoarding, plus throw in lost bitcoins, etc.

I feel like the nail in the coffin will be government interference or an alternative coin that is government backed.

nobody will want that coin

[cmoney]

I agree this is what could happen.

But remember bitcoins are limited in supply. There is a finite number of bitcoins and a large number of people hoarding, plus throw in lost bitcoins, etc.

I feel like the nail in the coffin will be government interference or an alternative coin that is government backed.

nobody will want that coin

They will if you can pay taxes with it.

[simpdog]

nobody will want that coin

They will if you can pay taxes with it.

And if it is accepted at banks.