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Thread: Bitcoins are officially donkdown

  1. #4781
    Plutonium big dick's Avatar
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    Quote Originally Posted by donkdowndonedied View Post
    Quote Originally Posted by chinamaniac View Post
    People can keep saying Bitcoin is not the future ( I'm not saying it is) but fact of the matter is most of the predictions of demise in this thread have not been close

    So if and when they do go donkdown only Sonatine is allowed to claim victory IMO.

    Fact remains bitcoins are trading $14,000 ish right now/thread
    Even if BTC goes donkdown, it went from 200->20k during this thread? (Actually I haven't checked the date, just recalling BTC convos on here) .. even now, you can cash out at 70x returns.

    No way any sort of sane person with a normal amount of pride would sincerely claim victory in such a situation.

    Everything fails at some point. Everything.
    You make a very good point

  2. #4782
    Ok back in town and back on track, has BTC crashed to zero yet or do we still have 5 weeks lmao

    I would ask if I lost all my money well away but my screen tells me I made money, strange.


     
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  3. #4783
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    Quote Originally Posted by DonaldTrumpsHairPiece View Post
    Ok back in town and back on track, has BTC crashed to zero yet or do we still have 5 weeks lmao

    I would ask if I lost all my money well away but my screen tells me I made money, strange.

    I'm hoping it doesn't go pop too soon. Just picked up another GTX1070 on Wednesday.

    The fanatics will need to be beaten to a pulp till they realize their money is gone.

    Hoping I can parley the new GPU into a new 4K monitor and gaming rig... run the 1070's SLI.

     
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  4. #4784
    Platinum ftpjesus's Avatar
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    Not sure how this has slipped through the cryptonews on here but Kraken has been down now for two days. Apparently their upgrade was a clusterfuck supposedly. For many it may not matter but Kraken was and remains one of the few options for US folks for a crypto exchange and as a trading platform. Twitter is lighting up majorly on this. Could just be technical issues that somebody didnít foresee while on the dev platform but whatever happened they broke it and worse Kraken is one of the feeds for the CBOE pricing on the futures markets for BTC.

  5. #4785
    Quote Originally Posted by ftpjesus View Post
    Not sure how this has slipped through the cryptonews on here but Kraken has been down now for two days. Apparently their upgrade was a clusterfuck supposedly. For many it may not matter but Kraken was and remains one of the few options for US folks for a crypto exchange and as a trading platform. Twitter is lighting up majorly on this. Could just be technical issues that somebody didnít foresee while on the dev platform but whatever happened they broke it and worse Kraken is one of the feeds for the CBOE pricing on the futures markets for BTC.
    Yeah it was fucking dogshit not to be able to access...it's was back up this morning east coast time...I will give them credit that using the site now seems to be a huge upgrade speedwise over what it was...

  6. #4786
    Nova Scotia's REAL #1 Webcam DJ sonatine's Avatar
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    Quote Originally Posted by big dick View Post
    Quote Originally Posted by donkdowndonedied View Post

    Even if BTC goes donkdown, it went from 200->20k during this thread? (Actually I haven't checked the date, just recalling BTC convos on here) .. even now, you can cash out at 70x returns.

    No way any sort of sane person with a normal amount of pride would sincerely claim victory in such a situation.

    Everything fails at some point. Everything.
    You make a very good point

    In fairness tho I made this point quite some time ago when I pointed out to all with eyes that bitcoins are donkdown.
    "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


  7. #4787
    Good friend of mine just cashed out 250k worth. Good for him. We often talked bitcoin but had no idea he had that much (figured maybe 1 bitcoin). Think he bought them around 200-500 bucks a coin. Good for the guy has a young daughter and family. Will take away stress of being self employed.

    Impressed he was able to hold so long and likely get out at right time.

  8. #4788
    Plumber tgull's Avatar
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    Quote Originally Posted by BetCheckBet View Post
    Good friend of mine just cashed out 250k worth. Good for him. We often talked bitcoin but had no idea he had that much (figured maybe 1 bitcoin). Think he bought them around 200-500 bucks a coin. Good for the guy has a young daughter and family. Will take away stress of being self employed.

    Impressed he was able to hold so long and likely get out at right time.
    What site did he unload on? There was another poster on this site a couple months ago that said a friend of his "hit submit" and had $3M in his bank account the same day. I can't remember the poster, but which site are people clicking an icon and cashing out with hundreds of thousands or millions same day? I am not being a skeptic, I am just looking which firm is transacting millions of withdraws a day.

  9. #4789
    Quote Originally Posted by tgull View Post
    Quote Originally Posted by BetCheckBet View Post
    Good friend of mine just cashed out 250k worth. Good for him. We often talked bitcoin but had no idea he had that much (figured maybe 1 bitcoin). Think he bought them around 200-500 bucks a coin. Good for the guy has a young daughter and family. Will take away stress of being self employed.

    Impressed he was able to hold so long and likely get out at right time.
    What site did he unload on? There was another poster on this site a couple months ago that said a friend of his "hit submit" and had $3M in his bank account the same day. I can't remember the poster, but which site are people clicking an icon and cashing out with hundreds of thousands or millions same day? I am not being a skeptic, I am just looking which firm is transacting millions of withdraws a day.
    I'm not sure. He was keeping quiet until the money hit his bank account which I guess happened in the last 24 hours.

  10. #4790
    Plumber tgull's Avatar
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    Quote Originally Posted by BetCheckBet View Post
    Quote Originally Posted by tgull View Post

    What site did he unload on? There was another poster on this site a couple months ago that said a friend of his "hit submit" and had $3M in his bank account the same day. I can't remember the poster, but which site are people clicking an icon and cashing out with hundreds of thousands or millions same day? I am not being a skeptic, I am just looking which firm is transacting millions of withdraws a day.
    I'm not sure. He was keeping quiet until the money hit his bank account which I guess happened in the last 24 hours.
    Curious, which site when you ask him. Coinbase has restrictions, like $5,000 a week for withdraws, naturally they need to do this because they do not have a lot of USD$ on premise, they are just a clearinghouse, not a bank. Is he claiming he met someone at Starbucks and he handed them a flashdrive and got a cashiers check? Check in the mail?

  11. #4791
    Hit sell, $3M in bank same day.


  12. #4792
    Nova Scotia's REAL #1 Webcam DJ sonatine's Avatar
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    Quote Originally Posted by DonaldTrumpsHairPiece View Post
    Hit sell, $3M in bank same day.


    well obviously the bank laws are far less restrictive in perth.
    "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


  13. #4793
    Plumber tgull's Avatar
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    Quote Originally Posted by DonaldTrumpsHairPiece View Post
    Hit sell, $3M in bank same day.

    Have you done this? Since you are a high frequency trader can you give us a glimpse? Not $3M just say $100K? I am not saying this is a scam, I am more curious is all that this is actually happening.

  14. #4794
    No not personally, most I ever had wired at one time was $400k but that took over 24 hrs, more like 36+. I send and receives wires regularly for my actual business so I have arrival times pegged pretty good.

    Bank wires generally work the same around the world. If a wire is sent and processed before lunch hour, more like 10:30 it can clear the same day. Wires sent after lunch hour will not usually not clear until following day processing.

    Now it depends on the situation but $3M all good between selling and getting from an exchange is highly unlikely. That means he logged in, sold and the exchange processed his sell immediate and before 10:30, hhhmmm. Anything is possible I suppose. Maybe he sold on an exchange where they had no other wires to send that day and did his right away or maybe he used the same bank as the exchange?

    I would also be shocked if his bank didn't have a talk with him.

  15. #4795
    Plumber tgull's Avatar
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    Quote Originally Posted by DonaldTrumpsHairPiece View Post
    No not personally, most I ever had wired at one time was $400k but that took over 24 hrs, more like 36+. I send and receives wires regularly for my actual business so I have arrival times pegged pretty good.

    Bank wires generally work the same around the world. If a wire is sent and processed before lunch hour, more like 10:30 it can clear the same day. Wires sent after lunch hour will not usually not clear until following day processing.

    Now it depends on the situation but $3M all good between selling and getting from an exchange is highly unlikely. That means he logged in, sold and the exchange processed his sell immediate and before 10:30, hhhmmm. Anything is possible I suppose. Maybe he sold on an exchange where they had no other wires to send that day and did his right away or maybe he used the same bank as the exchange?

    I would also be shocked if his bank didn't have a talk with him.
    In your case, which Bitcoin exchange wired the $400,000 USD$ within 24-48 hours. Like the website. Not looking for co-mingling here with business. I guess what I am asking is you have 20 bitcoins, log on to your account hit sell, and get $280,000 USD within 24 hours: Where is that site is what I am asking?

  16. #4796
    My friend said he bankwired most of it through Quadriga a Canadian exchange. Took 7-8 days. Said anything over 50k will take a week there. Hit his bank account today so paying off graduate debt and buying a house.

  17. #4797
    Quote Originally Posted by tgull View Post
    Quote Originally Posted by DonaldTrumpsHairPiece View Post
    No not personally, most I ever had wired at one time was $400k but that took over 24 hrs, more like 36+. I send and receives wires regularly for my actual business so I have arrival times pegged pretty good.

    Bank wires generally work the same around the world. If a wire is sent and processed before lunch hour, more like 10:30 it can clear the same day. Wires sent after lunch hour will not usually not clear until following day processing.

    Now it depends on the situation but $3M all good between selling and getting from an exchange is highly unlikely. That means he logged in, sold and the exchange processed his sell immediate and before 10:30, hhhmmm. Anything is possible I suppose. Maybe he sold on an exchange where they had no other wires to send that day and did his right away or maybe he used the same bank as the exchange?

    I would also be shocked if his bank didn't have a talk with him.
    In your case, which Bitcoin exchange wired the $400,000 USD$ within 24-48 hours. Like the website. Not looking for co-mingling here with business. I guess what I am asking is you have 20 bitcoins, log on to your account hit sell, and get $280,000 USD within 24 hours: Where is that site is what I am asking?
    None it wasn't an exchange just work.

    My exchange even with Tier 4 verification is $200k max at a time. That is another reason $3M is unlikely.

  18. #4798
    People lie on the internet.

    Gasp.

    #buyneo #buyneo #buyneo

     
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  19. #4799
    Plumber tgull's Avatar
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    Quote Originally Posted by BetCheckBet View Post
    My friend said he bankwired most of it through Quadriga a Canadian exchange. Took 7-8 days. Said anything over 50k will take a week there. Hit his bank account today so paying off graduate debt and buying a house.
    I guess the rule here is you hit submit and wait a week and hope it hits your account. Since there is 0 regulation, you are totally fucked if your coins or cash gets stolen because there is no recourse. I hope your friend sets aside 39.4% for taxes, he will almost certainly will get flagged.

    Welcome to Full Tilt poker. Hit submit for a withdraw and hold your breath. If there is ever a run on withdraws the system collapses. I guarantee the owners of these exchanges do not have anywhere close to the reserves, and why do they care they are not regulated so what the fuck.

     
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      Avon Barksdale: It's happened multiple times already, and coinbase or whatever shuts down

  20. #4800
    Quote Originally Posted by tgull View Post
    Quote Originally Posted by BetCheckBet View Post
    My friend said he bankwired most of it through Quadriga a Canadian exchange. Took 7-8 days. Said anything over 50k will take a week there. Hit his bank account today so paying off graduate debt and buying a house.
    I guess the rule here is you hit submit and wait a week and hope it hits your account. Since there is 0 regulation, you are totally fucked if your coins or cash gets stolen because there is no recourse. I hope your friend sets aside 39.4% for taxes, he will almost certainly will get flagged.

    Welcome to Full Tilt poker. Hit submit for a withdraw and hold your breath. If there is ever a run on withdraws the system collapses. I guarantee the owners of these exchanges do not have anywhere close to the reserves, and why do they care they are not regulated so what the fuck.
    He's a private psychologist so he knows very well how to handle this from a taxation perspective. Anyways generally anything over 10k is getting you flagged. He purposely chose a Canadian exchange for both tax and accountability issues.

    He also made a killing on activision stock 13 years ago.

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