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Thread: Bitcoins are officially donkdown

  1. #1161
    Plutonium Sanlmar's Avatar
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    The trading chat rooms were talking about BTC players taking a run at gold, FWIW. I just get the sense that some of the speculators are growing weary of BTC.

  2. #1162
    Plutonium Sanlmar's Avatar
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      NaturalBornHustler: holy shit

  3. #1163
    Plutonium Sanlmar's Avatar
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    Gonna keep a few rounds in my mag in the event we see some capitulation (panic) to $500. $500 is huge obv support. I tend to avoid obvious plays. But a capit play to $500 seems like safe entry. $500 is not the hard number for entry - see what circumstances develop.

  4. #1164
    Plutonium Sanlmar's Avatar
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    Wow

    I don't have too much of a feel for the Mt Gox thing and how it may marry up with the whole Bitcoin landscape.

    I really don't care. As a trader you never have all the info. However, the chart sucks. We have lost 5 day support.

    We may get that $500 capit play today.

  5. #1165
    Plutonium Sanlmar's Avatar
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    Something's up. Any good news?

    We are drilling for oil

  6. #1166
    Platinum Muck Ficon's Avatar
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    Quote Originally Posted by Sanlmar View Post
    Gonna keep a few rounds in my mag in the event we see some capitulation (panic) to $500. $500 is huge obv support. I tend to avoid obvious plays. But a capit play to $500 seems like safe entry. $500 is not the hard number for entry - see what circumstances develop.
    Pretty sure I posted a chart showing that over a week ago. If you're a gambler, that might be a spot to get in.

     
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      Baron Von Strucker: neg noose
    Quote Originally Posted by Baron Von Strucker View Post
    Quote Originally Posted by kmksmkn View Post
    Does anybody know if u can get a work visa for playing online poker in the UK
    I have had Issues with credit cards in Europe
    Quote Originally Posted by Tyde View Post
    you're more consumed with accumulating wealth than achieving spiritual enlightenment
    Quote Originally Posted by tgull View Post
    Getting a little surf and turf tonight. In my world that is Sea Bass with a nice lobster tail on the side. And grilled asparagus. It's nice having money.

  7. #1167
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    I have a question at MtGox, if I buy bitcoins through them, do I actually take delivery of the address or does that remain on their servers until I "cash" out? I.e. if they go broke I lose my deposit and bitcoin.

  8. #1168
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by monsterj View Post
    I have a question at MtGox, if I buy bitcoins through them, do I actually take delivery of the address or does that remain on their servers until I "cash" out? I.e. if they go broke I lose my deposit and bitcoin.
    Do you have an existing account with Gox?

    If not, be sure to use their New Deposit Bonus code.

    Else, please post under "niggas doing dumb things" thread.

    Thx

     
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      garrett: lol
      
      monsterj: touche

  9. #1169
    Platinum Muck Ficon's Avatar
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    Quote Originally Posted by monsterj View Post
    I have a question at MtGox, if I buy bitcoins through them, do I actually take delivery of the address or does that remain on their servers until I "cash" out? I.e. if they go broke I lose my deposit and bitcoin.
    Are you asking that if you buy a bitcoin and it goes to zero, will you get your money back? Please tell me you're joking.
    Quote Originally Posted by Baron Von Strucker View Post
    Quote Originally Posted by kmksmkn View Post
    Does anybody know if u can get a work visa for playing online poker in the UK
    I have had Issues with credit cards in Europe
    Quote Originally Posted by Tyde View Post
    you're more consumed with accumulating wealth than achieving spiritual enlightenment
    Quote Originally Posted by tgull View Post
    Getting a little surf and turf tonight. In my world that is Sea Bass with a nice lobster tail on the side. And grilled asparagus. It's nice having money.

  10. #1170
    Plutonium Sanlmar's Avatar
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    Well, we did our little ABC down today. Show's over to the downside for now, IMO. Moving on.

    Permission granted to buy the bounce here.

    Oh ma ma ma ma mo ma mum
    Take a look now at what your boy has done.
    He's walking around like he's number one.
    He went downtown and got him a gun.

  11. #1171
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    Quote Originally Posted by Muck Ficon View Post
    Quote Originally Posted by monsterj View Post
    I have a question at MtGox, if I buy bitcoins through them, do I actually take delivery of the address or does that remain on their servers until I "cash" out? I.e. if they go broke I lose my deposit and bitcoin.
    Are you asking that if you buy a bitcoin and it goes to zero, will you get your money back? Please tell me you're joking.
    I guess I didn't make myself clear. If I buy a BTC on MTGox, what happens when MTGox goes bankrupt(looking very likely)?

  12. #1172
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by monsterj View Post
    Quote Originally Posted by Muck Ficon View Post

    Are you asking that if you buy a bitcoin and it goes to zero, will you get your money back? Please tell me you're joking.
    I guess I didn't make myself clear. If I buy a BTC on MTGox, what happens when MTGox goes bankrupt(looking very likely)?
    Well, you will have bought some street cred. Nobody will mess with you cause you obviously don't give a fuck.

    Seriously, tell us the rest of the story. There is obv more. Are you stuck?

  13. #1173
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by Sanlmar View Post
    Well, we did our little ABC down today. Show's over to the downside for now, IMO. Moving on.

    Permission granted to buy the bounce here.

    Oh ma ma ma ma mo ma mum
    Take a look now at what your boy has done.
    He's walking around like he's number one.
    He went downtown and got him a gun.
    Nice $10 bounce, prolly more left.

    Don't shoot shoot shoot that thing at me.
    Don't shoot shoot shoot that thing at me.
    You know you've got my sympathy, but
    don't shoot shoot shoot that thing at me.

  14. #1174
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    Quote Originally Posted by Sanlmar View Post
    Quote Originally Posted by monsterj View Post

    I guess I didn't make myself clear. If I buy a BTC on MTGox, what happens when MTGox goes bankrupt(looking very likely)?
    Well, you will have bought some street cred. Nobody will mess with you cause you obviously don't give a fuck.

    Seriously, tell us the rest of the story. There is obv more. Are you stuck?

    Nope, I have never bought BTC. Was just thinking about buying on MTGox as a speculation that this is nothing more than a short term bank run.

    Anyway, keep reading those tea leaves. One of these days you will be able to flip some ticks.

  15. #1175
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by Sanlmar View Post
    Quote Originally Posted by Sanlmar View Post
    Well, we did our little ABC down today. Show's over to the downside for now, IMO. Moving on.

    Permission granted to buy the bounce here.

    Oh ma ma ma ma mo ma mum
    Take a look now at what your boy has done.
    He's walking around like he's number one.
    He went downtown and got him a gun.
    Nice $10 bounce, prolly more left.

    Don't shoot shoot shoot that thing at me.
    Don't shoot shoot shoot that thing at me.
    You know you've got my sympathy, but
    don't shoot shoot shoot that thing at me.
    It'll retest $595. Finish above $600 and BTC might grow a pair - guys like Druff will be buying with both fists.

    Looking down kitchen at the top of stairs
    can I mix in with your affairs?
    Share a smoke, make a joke,
    grasp and reach for a leg of hope.

  16. #1176
    NoFraud Poker Room Manager Belly Buster's Avatar
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    Remember this from page 18 of this thread? http://pokerfraudalert.com/forum/sho...l=1#post216635

    Sanlmar called the top nicely.

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    Quote Originally Posted by Dan Druff View Post
    BTW JACKDANIELS is the first one banned from the thread. He is accusing me of being "duped by a middle aged man who dresses like John Cena"
    #FREEJACK #NEVERFORGET

    NoFraud Online Poker Room: http://nofraud.pokerfraudalert.com:8087. For password resets and reload requests PM me.

  17. #1177
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by Sanlmar View Post
    Trying to call the top is a fools game - and I am guilty here.

    My current paranoia is that people are using this as a tax haven - like an old time Swiss bank account. There aren't enough Bitcoins to accommodate real wealth and this could jack BTC to the moon.

    The Lifecycle of a Bubble
    Thought this chart was interesting. Do the fingerprints match?

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    Can you believe that? That call was at the absolute top. $1200

    The best part is I've only made nickels and dimes with that call.

    I fear for you decisions to make,
    things to lose things to take.
    Jessie's about ready to cut it up,
    she said wait a minute honey gonna add it up.

  18. #1178
    Owner Dan Druff's Avatar
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    So right now it sits at $112 and keeps fluctuating in the $110-$116 range.

    The number $110 is interesting because I read somewhere this morning (I forget where) that there are a ton of buy orders at $110 (and this was while BTC hadn't dropped lower than $134).

    Now it can't get lower than $110 -- the lowest I've seen is $110.01.

    So I wonder if Gox is going to buy up everything for sale at $110, and then it will full even further.

    On radio Sunday, I said, "Maybe by our next show on the 25th, we'll be looking at double-digit prices on Gox."

    Looks like that prediction might be beaten by 5 days.

  19. #1179
    Gold 4BET's Avatar
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    Does seem to have some support at 110 but I think it will soon fall below 110 next stop 70
    -Allergic to the struggle

  20. #1180
    Owner Dan Druff's Avatar
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    This is going to sound like a n00b question, but how do I see the pending buy orders on Gox?

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