The big difference in all this, is there are no institutional investors, it's all a bunch of faggots trying to get rich quick and FOMO is extreme. Problem is on the leg down the retail shitbag already mortgaged his house so he has no more money. If this were traded on a legit exchange the margin calls already would have taken this to zero.
Bitcoin is not a currency, it never was. There is no demand for crypto currency, none. So Bitcoin is an asset, but in produces NO income from it. At least Gold can be converted to jewelry and wedding rings.
Sonatine was correct all along. He was right on Charlie Sheen, right on Prince, right on Bitcoin, wrong on Trump. 3/4 ain't bad. Just because Bitcoin went to $20K does not make him wrong. It just makes him early.
"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
"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
I don't daytrade long and shorts anymore. I did that circa 1999 on dotcoms and for like a year or two I was really, really smart. Then I was really dumb in 2002. What people are doing with Bitcoin is simply casino roulette with worse long term odds. I just think its hilarious people think its anything otherwise. Digital gold, Digital gold.
you're stilll dumb
Back to the "I'm not wrong, I'm just early" statement. Reminds me of the NFL touts who sell picks. Say they say take the Eagles +4.5 in the Superbowl and they have 4 turnovers and lose the game by 5. The tout will never say, "Sorry, I made a bad pick." They will say "you can't handicap turnovers." That is exactly like saying "I am not wrong, I am just early." Only frauds say that line.
"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
More Pets.com symmetry:
Second commercial after the national anthem at the Super Bowl = TD Ameritrade. Ends commercial with:
"Bitcoin futures now available".
Society is doomed.
lol also society:
Lloyds Bank to ban credit card owners from buying cryptocurrencies
https://www.reuters.com/article/us-l...-idUSKBN1FO0UL
"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
Yeah, that matches JP Morgan Chase, Bank of America, and Citi, who also announced this weekend. (Capital One and Discover had already enacted their own bans.)
Talk about a concerted effort...I believe debit cards are OK though.
http://fortune.com/2018/02/04/banks-...n-credit-card/
"The moves are above all in the banks’ self-interest. As Fortune previously reported, the mania surrounding cryptocurrency late last year appears to have motivated many retail investors to use credit cards as leveraging tools, buying more cryptocurrency than they could afford. With Bitcoin down roughly 50% from December highs, many of those investors are likely underwater right now, and may not be able to pay off their initial Bitcoin purchases soon, if ever."
I can't imagine the sickness of buying BTC on credit at $19,000 and watching this past month unfold not knowing how you're gonna pay.
Half Time graded Bitcoin-only Sportsbook payouts with people scramblin?:
"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
charts are making people mad?
well then!
Rumor is that was Micon cashing out to finish paying his lawyer but
"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
So far he couldn't be more wrong. It's at 8K not zero you are just making yourself look like a jackass IF IT GOES TO ZERO OR EVEN 1K YOU HAVE ALL THE RIGHT IN THE WORLD TO TALK SHIT but not when it's @ 8k and was @ 400 last year. Surely you see how this would make you look like a shit talking schmuck right?
caps were an accident btw but lol how they kinda fit in perfectly
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