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Thread: Bitcoins are officially donkdown

  1. #6101
    Plutonium sonatine's Avatar
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    your life would be so much easier if you just stuck with the value 0 because thats exactly what your McCryptos are worth.

     
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      OSA: Mccryptos im dead
    "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

  2. #6102
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    Quote Originally Posted by sonatine View Post
    your life would be so much easier if you just stuck with the value 0 because thats exactly what your McCryptos are worth.
    I don't care, I am trading them. Lot of stocks are worthless but they go up and down too.

  3. #6103
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    Quote Originally Posted by Sanlmar View Post
    Quote Originally Posted by snake_in_the_ass View Post
    Sanlmar,

    $4000 is not too far away. Going to make my move, but I won't be going dark. I like to lose my money with the lights on.
    $5700 allows for hope. $4000 is sadness. I don’t think you will see $4k for a long time.

    $5700 is a number a lot of people are looking at for a host of reasons. Sometimes you do what everyone else plans to do. I believe in three big red candles on declines like this. That won’t take you below $5700

    $1100. $7700–> $6600 is already a fuckload.

    Just my guess.
    Hell of a bounce just now. I guess Sonatine posting more Kermit's than ever before was a sign that a rally was around the corner. They don't teach the Kermit indicator at trading school.

  4. #6104
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by snake_in_the_ass View Post
    Quote Originally Posted by Sanlmar View Post

    $5700 allows for hope. $4000 is sadness. I don’t think you will see $4k for a long time.

    $5700 is a number a lot of people are looking at for a host of reasons. Sometimes you do what everyone else plans to do. I believe in three big red candles on declines like this. That won’t take you below $5700

    $1100. $7700–> $6600 is already a fuckload.

    Just my guess.
    Hell of a bounce just now. I guess Sonatine posting more Kermit's than ever before was a sign that a rally was around the corner. They don't teach the Kermit indicator at trading school.
    I know. It was a big drop today. Do you trust it?

    There seem to be better spots below. If it doesn’t get there ($4k or $5.7k) then say fuck it and move on.

    There is lots of stuff to wager - try to find the best setups or just watch. Losses mean more work and I hate work.

    Maybe you are right and I’m wrong.

  5. #6105
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    Quote Originally Posted by Sanlmar View Post
    Quote Originally Posted by snake_in_the_ass View Post

    Hell of a bounce just now. I guess Sonatine posting more Kermit's than ever before was a sign that a rally was around the corner. They don't teach the Kermit indicator at trading school.
    I know. It was a big drop today. Do you trust it?

    There seem to be better spots below. If it doesn’t get there ($4k or $5.7k) then say fuck it and move on.

    There is lots of stuff to wager - try to find the best setups or just watch. Losses mean more work and I hate work.

    Maybe you are right and I’m wrong.
    I agree with you. I trade with my gut, if I see blood in the streets then I will make a move. If I miss a big rally, who cares.

  6. #6106
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by snake_in_the_ass View Post
    I agree with you. I trade with my gut, if I see blood in the streets then I will make a move. If I miss a big rally, who cares.
    We are living in a golden age of volatility. There is always another big move and tons of smaller ones

    This is like poker in 2006.

    I remember staring at my screen many years ago just looking for something - anything to move. Back then if you missed a little rally you got sick about the lost opportunity.

    Not a problem now. We can be selective without regret.

     
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      snake_in_the_ass: We can always fade the Toddgers

  7. #6107
    Diamond chinamaniac's Avatar
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    Quote Originally Posted by chinamaniac View Post
    Bleeding will stop @ about $6300
    Very close

  8. #6108
    Diamond Tellafriend's Avatar
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    Quote Originally Posted by snake_in_the_ass View Post
    Quote Originally Posted by sonatine View Post
    your life would be so much easier if you just stuck with the value 0 because thats exactly what your McCryptos are worth.
    I don't care, I am trading them. Lot of stocks are worthless but they go up and down too.

    Smartest thing said on here in a while. Well done.

  9. #6109
    Owner Dan Druff's Avatar
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    Another dip after the dead cat bounce.

    Is $5xxx in the cards today?


  10. #6110
    Diamond chinamaniac's Avatar
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    Quote Originally Posted by Dan Druff View Post
    Another dip after the dead cat bounce.

    Is $5xxx in the cards today?

    Possibly but I don't think we see under $6,000 today

     
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      MumblesBadly: Better line up some cash to load up soon. Druff is getting close to predicting a price drop.

  11. #6111
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    Bigdick, Ethos went up .29% today.


    Are you going to be buying that Acura NSX with cash in April or May?

  12. #6112
    Plutonium big dick's Avatar
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    2 ruthless deleted from net

  13. #6113
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    ELEVATOR DOWN

  14. #6114
    Plutonium big dick's Avatar
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    in tether sand negro

  15. #6115
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    Quote Originally Posted by Dan Druff View Post
    Another dip after the dead cat bounce.

    Is $5xxx in the cards today?

    $7365. Gonna call a few Jews on wall street and tell them to monitor this thread. Every time Druff trashing Bitcoin, it seems to rally 10% or more within a few days.

  16. #6116
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by snake_in_the_ass View Post
    Quote Originally Posted by Dan Druff View Post
    Another dip after the dead cat bounce.

    Is $5xxx in the cards today?

    $7365. Gonna call a few Jews on wall street and tell them to monitor this thread. Every time Druff trashing Bitcoin, it seems to rally 10% or more within a few days.
    Like marriage - the bar for Bitcoin happiness ladders lower and lower.

  17. #6117
    Plutonium Sanlmar's Avatar
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    The Mark Karpeles chronicles have been fantastic. I even give him a nod over Dread Pirate Roberts.

    Karpeles just keeps on giving, literally.

    There was always the element of awkward noob who stumbles into a gold mine. Kid had skills and greed which was entirely within the spectrum anyone but Sister Jean would possess in the same situation.

    Up to this point, I have been convinced he has a treasure buried somewhere. His demeanor has always portrayed a calm confidence - I mean if you factor out the death threats.

    Now it is my pleasure to drop this little nugget:

    Mt. Gox Ex-CEO Karpeles Says He ‘Doesn’t Want’ Leftover $1 Bln Post-Liquidation Funds
    https://www.google.com/amp/s/cointel...tion-funds/amp

    Karpeles:

    ”The way bankruptcy law works [in Japan] is that if there are any assets remaining after the creditors have been paid in full, then those assets are distributed to shareholders as part of the liquidation,” he explained in introductory comments.

    “That's the only way any bankruptcy law can reasonably work. And yet, in this case, it produces an egregiously distasteful outcome in that the shareholders of MtGox would walk away with the value of over 160,000 bitcoin as a result of what happened.

    I don't want this. I don't want this billion dollars.
    Please read the whole article.

    This isn’t fascinating because the guy has high moral character. Instead, it assures me he did not walk away from Mt Gox penniless.

    How he is employing game theory with this extraordinary & breathtaking move is the only thing to ponder and enjoy.

    I had a bad day and Mark Karpeles put a smile on my face before I hit the pillow. Thanks Mark.

  18. #6118
    Gold Salty_Aus's Avatar
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    Quote Originally Posted by Sanlmar View Post
    The Mark Karpeles chronicles have been fantastic. I even give him a nod over Dread Pirate Roberts.

    Karpeles just keeps on giving, literally.

    There was always the element of awkward noob who stumbles into a gold mine. Kid had skills and greed which was entirely within the spectrum anyone but Sister Jean would possess in the same situation.

    Up to this point, I have been convinced he has a treasure buried somewhere. His demeanor has always portrayed a calm confidence - I mean if you factor out the death threats.

    Now it is my pleasure to drop this little nugget:

    Mt. Gox Ex-CEO Karpeles Says He ‘Doesn’t Want’ Leftover $1 Bln Post-Liquidation Funds
    https://www.google.com/amp/s/cointel...tion-funds/amp

    Karpeles:

    ”The way bankruptcy law works [in Japan] is that if there are any assets remaining after the creditors have been paid in full, then those assets are distributed to shareholders as part of the liquidation,” he explained in introductory comments.

    “That's the only way any bankruptcy law can reasonably work. And yet, in this case, it produces an egregiously distasteful outcome in that the shareholders of MtGox would walk away with the value of over 160,000 bitcoin as a result of what happened.

    I don't want this. I don't want this billion dollars.
    Please read the whole article.

    This isn’t fascinating because the guy has high moral character. Instead, it assures me he did not walk away from Mt Gox penniless.

    How he is employing game theory with this extraordinary & breathtaking move is the only thing to ponder and enjoy.

    I had a bad day and Mark Karpeles put a smile on my face before I hit the pillow. Thanks Mark.
    Does this mean he will not accept the lazy billion dollars, or that he will begrudgingly snaffle it up?

  19. #6119
    Plutonium Sanlmar's Avatar
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    Salty, that is just one of his GTO options.

    We will call this billion the Karpeles Equilibrium.

    Your guess is the only rational play here. A billion is serious money - not in the realm of a public relations sacrifice

    I am not sure though. Someone smart will see a few moves beyond what I am able to see.

    Is what he “stole” that much greater than the billion?

  20. #6120
    Gold Salty_Aus's Avatar
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    Quote Originally Posted by Sanlmar View Post
    Salty, that is just one of his GTO options.

    We will call this billion the Karpeles Equilibrium.

    Your guess is the only rational play here. A billion is serious money - not in the realm of a public relations sacrifice

    I am not sure though. Someone smart will see a few moves beyond what I am able to see.

    Is what he “stole” that much greater than the billion?
    I reckon he was in on it the whole time, I'm nearly positive he enabled the theft to occur.

    His end would have been much more then 160,000 coins.

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