Bitcoins are officially donkdown

[handicapme]

Oh, so we're taking peak to close?! Cute, but fake news... Also underperformance of sectors matter between a diverse pool of assets and a non diverse pool. But please continue to post more snapshots from the cabin of your truck. You totally got me.... but not really.

Nice try, but you implied in your initial dismissal of the plunge in the "30 names" that the rest of stocks in the market weren't also significantly hammered. That is patently false. And of course different sectors will be affectly to different degrees by unexpected changes in specific market fundamentals, in this case, it is primarily interest rates. The issue unaddressed by your "people need to chill the fuck out" is how much will the change in interest rate expectations will affect the economy.

That being said, I agree with San's comment that we are not currently in any danger of 2008 crisis. Not even close. But the Fed has clearly signalled that it believes the economy is overheating and is pressing on the interest rate brake to slow it down. Here's to hoping they don't overdo it. Freight rates are up again with demand for shipments, and most trucking companies are raising driver pay again in less than a year.

[snake_in_the_ass]

big dick: Regarding your bet proposed earlier (I didn't see it in time)...

I would like to revise terms, so we can prevent one of us from losing due to a temporary crash or pop.

First off, I want to change the 2k to 3k, because a fall to 2k is a lot tougher (it's cutting value by 2/3) than a rise to 10k (not even doubling value).

We are betting whether bitcoin will hit 3k or 10k first. However, for the bet to be considered valid, it needs to spend at least 36 straight hours either over 10k or under 3k.

Furthermore:

- You will post the money with me in advance, or a trusted third party if you don't want to do it with me

- The bet will end at 11:59:59pm PDT on May 31, if it hasn't reached 3k or 10k in the above stated fashion (36 hours straight)

- If May 31 ends with bitcoin either above 10k or below 3k (but not for 36 straight hours yet), the bet will extend another 7 days. After those 7 days, if again it is above 10k or under 3k, it will be another 7 days, and so on.

- Value will be determined by coindesk.com

Let me know if you accept, and then we will discuss the $ amount to bet.

Also, either of us can demand a change of terms (or abandon the bet completely) until the money is posted, due to the volatility of bitcoin.

I'll take this bet for as much as you'd like.

Druff - we are at $8000. IF this gets to $10,000 soon, I will have to nominate you to be the worst Bitcoin forecaster ever.

[Muck Ficon]

Gotta laugh at these Bitcoin multi millionaires.

A bright yellow Maserati with trashy personalized plates.

Like seriously a Maserati?... aren't they made by like VW these days?

LOL. That's a really shitty Photoshop job.

[Dan Druff]

I'll take this bet for as much as you'd like.

Druff - we are at $8000. IF this gets to $10,000 soon, I will have to nominate you to be the worst Bitcoin forecaster ever.

:reversekermit

[Dan Druff]

Fortunately I was too lazy to short anything, and big dick was too stubborn to take my bet's terms

[handicapme]

Fortunately I was too lazy to short anything, and big dick was too stubborn to take my bet's terms

Reggi wasn't.....

[Forum Wars]

Fortunately I was too lazy to short anything, and big dick was too stubborn to take my bet's terms

Reggi wasn't.....

I knew BTC wasn't going to keep going down. It's not a stock, it's a dream carrying vessel. I guess it just gyrates around forever now. Goodbye graphs, reason, logic: we hardly knew ye.

Hello Moonshot spike attempts and scraredy-cat pullbacks of one flavor or another for a while for this phase.

BTC, you sure are fun, that's for sure!!!

[MumblesBadly]

Reggi wasn't.....

I knew BTC wasn't going to keep going down. It's not a stock, it's a dream carrying vessel. I guess it just gyrates around forever now. Goodbye graphs, reason, logic: we hardly knew ye.

Hello Moonshot spike attempts and scraredy-cat pullbacks of one flavor or another for a while for this phase.

BTC, you sure are fun, that's for sure!!!

Your comments here remind me of an article I read back in the day of my former profession...

http://web.mit.edu/wangj/www/pap/Kog...terfield06.pdf

[Wiganer]

Mooning! HODL!!!

[chinamaniac]

Yesterday was the biggest trading day in the history of BTC.

Interest is def declining and closer to DD

[Sanlmar]

Yesterday was the biggest trading day in the history of BTC.

Interest is def declining and closer to DD

I’ll call your nearest Olive Garden and arrange a Never Ending Pasta Bowl meal for you.

[sonatine]

Yesterday was the biggest trading day in the history of BTC.

Interest is def declining and closer to DD

cool that sounds like a totally sustainable model, when value drops by 60% in 30 days and the highest trading day in the history moons it back about 8%.

[chinamaniac]

Yesterday was the biggest trading day in the history of BTC.

Interest is def declining and closer to DD

cool that sounds like a totally sustainable model, when value drops by 60% in 30 days and the highest trading day in the history moons it back about 8%.

I mean the interest is def not there. Good thing everyone sold at 6k yesterday as we are now closer to 0 for the first time in 4 months

[sonatine]

cool that sounds like a totally sustainable model, when value drops by 60% in 30 days and the highest trading day in the history moons it back about 8%.

I mean the interest is def not there. Good thing everyone sold at 6k yesterday as we are now closer to 0 for the first time in 4 months

[snake_in_the_ass]

BTC has 10% swings all the time. It is a traders dream. Never seen anything like it.

[Wiganer]

BTC has 10% swings all the time. It is a traders dream. Never seen anything like it.

Never seen it in a supposed currency that’s for sure.

[snake_in_the_ass]

BTC has 10% swings all the time. It is a traders dream. Never seen anything like it.

Never seen it in a supposed currency that’s for sure.

True. But you can't find any stock that has these type of swings. Won't last forever but it's fun to trade.

[chinamaniac]

Bitcoin dropped $200 in the past hour. Pace that out over the next 24 hours and we are looking at a $4800 loss

SELL NOW

[sonatine]

Bitcoin dropped $200 in the past hour. Pace that out over the next 24 hours and we are looking at a $4800 loss

SELL NOW

YOU HEARD HIM PEOPLE THIS IS NOT A DRILL

[sonatine]

when china, sonatine, and goldman sachs are telling you the parties over, you should probably listen



https://www.bloomberg.com/news/artic...o-goldman-says