anybody getting in on this beatdown?
anybody getting in on this beatdown?
When will the raping stop?
In other news, Goldman is going to let people get fucked as well.
https://www.cnbc.com/2017/12/21/gold...port-says.html
The new trading desk would "make markets" in the cryptocurrencies and is set to get up and running by the end of June, if not earlier, two of the sources said in the report.
great goldman always makes shit better...goddamn it...where's san with his commentary when you need him...Originally Posted by OSA
Two things are at work here. 1. Mass profit taking as the monster run up over the past month nearly doubled it when it bounced off 20k. Secondly is people are pulling back as the HF with Segwit 2X which was postponed is now definitely happening on Wednesday. Had they been able to resolve the contentious battle over greedy fees which were turning the blockchain to sludge speedwise it might not have happened but the massive slowdowns and fees forced their hand.
Side note this however doesn’t explain the across the board 20% haircut the last 24hrs on ETH BCH and LTC on Coinbase. That has me scratching my head that could be some folks dumping before year end which is causing prices to unwind as it were.
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Honestly, it kind of feels like the end. Wouldnt be surprised if we gets under 5k in next few days.
Was a fun ride.
:freelewfather
"Mark Karpeles, the former head of the world’s biggest bitcoin exchange, is about to make $859 million from his customers’ funds, according to reports."
http://www.newsweek.com/bitcoin-mark...urrency-709242
These figures were when the price was $7,000, so more like 1.5 billion... AMAZING!
I hope BTC totally crashes before those 200,000 coins are sold.
Last edited by Salty_Aus; 12-22-2017 at 10:09 AM.
Buy and sells on coinbase halted.
No wonder BTC always goes up. Not a free market when the exchanges just shut down when the price plummets.
Is this actually a serious prediction or are you just messing around ?
Honestly most of what i know about crypto is from reading this thread occasionally but i do know you were on the money when you predicted a big drop a few months back and that you know quite a few people heavily involved in the market. For sure a 75% drop in a few weeks wouldnt be surprising bitcoins are fucking crazy but do you think there is a legit chance this could happen ?
I mean BTC cratered 55% from Sunday to the bottom today so anything is possible...Is this actually a serious prediction or are you just messing around ?
Honestly most of what i know about crypto is from reading this thread occasionally but i do know you were on the money when you predicted a big drop a few months back and that you know quite a few people heavily involved in the market. For sure a 75% drop in a few weeks wouldnt be surprising bitcoins are fucking crazy but do you think there is a legit chance this could happen ?
The key question will be is that a buying opportunity like it looks like it was today or is it the beginning of the end?
only cause I'm ignorant on the subject but want to post something
only cause I'm ignorant on the subject but want to post something
Its the after effects of the Coinbase insider trading scam. People got spooked and since the withdrawals take a few days, it is now just catching up?
nope
only cause I'm ignorant on the subject but want to post something
Its the after effects of the Coinbase insider trading scam. People got spooked and since the withdrawals take a few days, it is now just catching up?
https://techcrunch.com/2017/12/20/li...mpression=true
Litecoin founder Charlie Lee has sold all of his LTC
all I can say is fucking WOW...interesting read...san this one is for you buddy...
http://www.zerohedge.com/news/2017-1...n-bet-revealed
The Jews on Wall Street didn't make their money yet. They tanked Bitcoin and now are loading up on the futures and making their bets. And yes the guy who placed the bet is a Jew. There is still one more monster surge left in this sector. You need everyone and their mother long before it finally pops.
not arguing with any of your points...having been on an options desk before that's just an assload of fucking premium to be outlaying on a severely deep OOM call option...The Jews on Wall Street didn't make their money yet. They tanked Bitcoin and now are loading up on the futures and making their bets. And yes the guy who placed the bet is a Jew. There is still one more monster surge left in this sector. You need everyone and their mother long before it finally pops.
EDIT: you see that article OSA posted about goldman getting into shit...you know they're pissed about not getting into this shit from the get go...
Last edited by GambleBotsChafedPenis; 12-22-2017 at 07:43 PM.
Will it just be bitcoin or will it be BCH and Litecoin as well?not arguing with any of your points...having been on an options desk before that's just an assload of fucking premium to be outlaying on a severely deep OOM call option...
this specific trade is just BTC...it can be done for the other cryptos too if you have a counterparty to sell the call options and deliver the LTC or BCH at the end of the options period...Will it just be bitcoin or will it be BCH and Litecoin as well?
EDIT: the interesting thing about this trade will be to see if it is done more in the future...are there enough people who own a shitton of coin that will write these options and enough counterparties that will buy these options? don't expect the banks to be buyers of options as banks will almost always want to be the writers of options to collect the theta (time) decay on them...in theory this should be good for the crypto markets as it allows those with a ton of each individual coin to monetize their coins by writing these options instead of selling the coins out into the market causing the selling pressure everybody is worried about with the holdings of these coins concentrated in such few hands...
Last edited by GambleBotsChafedPenis; 12-22-2017 at 08:16 PM.
I've been skeptical for a while and even I'm willing to admit that this plunge is a long run good thing for BTC Nothing goes straight up forever.
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