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Thread: Bitcoins are officially donkdown

  1. #4341
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    Where can you buy xrp or bch without waiting?

    Asking for a friend.

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    Quote Originally Posted by OSA View Post
    Where can you buy xrp or bch without waiting?

    Asking for a friend.
    Without waiting? If you already have BTC, you can convert it to those coins using binance.com, otherwise you might have to suck a cock or two to get what you want.

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    Plutonium sonatine's Avatar
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    Quote Originally Posted by simpdog View Post
    Quote Originally Posted by cmoney View Post


    They will if you can pay taxes with it.
    And if it is accepted at banks.
    And can still be used to finance cybercrime and purchase narcotics anonymously.

     
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      OSA: hell yes
    "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

  4. #4344
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    Quote Originally Posted by sonatine View Post
    Quote Originally Posted by simpdog View Post
    And if it is accepted at banks.
    And can still be used to finance cybercrime and purchase narcotics anonymously.
    Are there sites selling legit molly still?

    Asking for a friend

  5. #4345
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    LITECOIN FOUNDER SELLS ALL HIS COINS


    thoughts??

     
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      sonatine: ITS HAPPENINNNNNNGGG

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    Diamond TheXFactor's Avatar
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    Man accidentally threw away $127 million in bitcoin and officials won't allow a search
    https://www.cnbc.com/2017/12/20/man-...-him-look.html

    A guy used a laptop to mine 7,500 Bitcoins between 2009 through 2013?

    Considering the multi-million dollar investments some Bitcoin miners have in computer rigs that his claim is impossible.

    Serious question, how much computer power do you need to generate one Bitcoin and exactly how long would it take?


  7. #4347
    Plutonium sonatine's Avatar
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    Quote Originally Posted by TheXFactor View Post
    Man accidentally threw away $127 million in bitcoin and officials won't allow a search
    https://www.cnbc.com/2017/12/20/man-...-him-look.html

    A guy used a laptop to mine 7,500 Bitcoins between 2009 through 2013?

    Considering the multi-million dollar investments some Bitcoin miners have in computer rigs that his claim is impossible.

    Serious question, how much computer power do you need to generate one Bitcoin and exactly how long would it take?


    right now, the collective mining on earth generates about 1800 btc every 24 hours.

    the total sum of kw/h used by those mining rigs is basically identical to that of the nation of ireland, btw.
    "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

  8. #4348
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    Quote Originally Posted by TheXFactor View Post
    Man accidentally threw away $127 million in bitcoin and officials won't allow a search
    https://www.cnbc.com/2017/12/20/man-...-him-look.html

    A guy used a laptop to mine 7,500 Bitcoins between 2009 through 2013?

    Considering the multi-million dollar investments some Bitcoin miners have in computer rigs that his claim is impossible.

    Serious question, how much computer power do you need to generate one Bitcoin and exactly how long would it take?

    This guy is full of shit, I had a twitter conversation with him a few years ago and he had no real idea about how to even mine bitcoins. Initially he claimed he mined them on a laptop that had no dedicated GPU, the amount of coins he claimed he mined was impossible no matter how powerful his CPU.

    I think he was angling for sympathy, or to gain some credibility in the bitcoin community, I'm quite sure many folks sent him some coins because they felt sorry for him.

     
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  9. #4349
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    Quote Originally Posted by sonatine View Post
    Quote Originally Posted by TheXFactor View Post
    Man accidentally threw away $127 million in bitcoin and officials won't allow a search
    https://www.cnbc.com/2017/12/20/man-...-him-look.html

    A guy used a laptop to mine 7,500 Bitcoins between 2009 through 2013?

    Considering the multi-million dollar investments some Bitcoin miners have in computer rigs that his claim is impossible.

    Serious question, how much computer power do you need to generate one Bitcoin and exactly how long would it take?


    right now, the collective mining on earth generates about 1800 btc every 24 hours.

    the total sum of kw/h used by those mining rigs is basically identical to that of the nation of ireland, btw.


    HOW IS ATINE'S FAKE NEWS SHILLING IN THIS THREAD BTW?? can anyone verify these #s lmao

  10. #4350
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    Tine if there was a fly fishing coin or a brony coin would you then potentially invest?
    Last edited by OSA; 12-20-2017 at 11:07 PM.

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    Crypto went from 0 billion to 650 billion market cap. And when it finally goes donkdown, the idiots that missed the biggest ride in history will say "I told ya so." Especially those who kept calling a crash for the past 7+ years. Can't cry wolf everyday for 7 years and then take credit for the inevitable crash.

  12. #4352
    Plutonium sonatine's Avatar
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    Quote Originally Posted by snake_in_the_ass View Post
    Crypto went from 0 billion to 650 billion market cap. And when it finally goes donkdown, the idiots that missed the biggest ride in history will say "I told ya so." Especially those who kept calling a crash for the past 7+ years. Can't cry wolf everyday for 7 years and then take credit for the inevitable crash.

    thats a funny way to admit you were wrong and that they are in fact donkdown, but its not like i look to you for content.
    "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. #4353
    Diamond TheXFactor's Avatar
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    Quote Originally Posted by snake_in_the_ass View Post
    Crypto went from 0 billion to 650 billion market cap. And when it finally goes donkdown, the idiots that missed the biggest ride in history will say "I told ya so." Especially those who kept calling a crash for the past 7+ years. Can't cry wolf everyday for 7 years and then take credit for the inevitable crash.
    SEC Halts Crypto Stock Over Manipulation Concerns After Massive Jump
    https://www.bloomberg.com/news/artic...ter-2-700-jump

    -Trading halt tied to concerns shares being manipulated: SEC
    -Agency adds that investors may not be getting accurate data

    U.S. regulators temporarily suspended trading in an obscure digital currency company due to concerns that its stock is being manipulated after the shares surged more than 17,000 percent in less than three months, making paper billionaires out of top executives.

    In a Tuesday order halting buying and selling of The Crypto Co., the Securities and Exchange Commission said it was worried investors aren’t getting accurate disclosures or enough information about the company. Questions have also arisen about “potentially manipulative transactions” involving the Malibu, California-based company’s shares, the SEC said.

    Crypto appears to be a beneficiary of the digital-currency fever that has gripped markets in 2017. Despite losing more than $2.7 million this year and posting just a few hundred thousand dollars of revenue, the company’s market capitalization exceeds $11 billion. Its lofty valuation has made a billionaire out of President James Gilbert, who held a stake worth nearly $4.2 billion based on Monday’s closing price.

    Crypto trades over-the-counter, a market that typically has less stringent oversight than regulated exchanges. Its share jump has attracted the attention of market operator OTC Markets Group, which added a skull-and-crossbones icon next to the company’s stock symbol earlier this month to urge investors to be extra cautious before buying the shares.

    The company invests in digital assets, and is developing source code for managing them, according to regulatory filings. At the end of September, it held crytocurrencies worth $900,110, filings show. Bitcoin, the biggest digital currency, was trading for about $4,171 at the time, but has since surged to more than $18,220.

    The SEC said its concerns about Crypto include the compensation paid for the promotion of the company and statements made in regulatory filings about plans for insiders to sell their shares. The company didn’t immediately respond to a request for comment. The temporary suspension will last through Jan. 3, according to the SEC order.

    Wall Street’s main regulator has been cracking down on offerings tied to cryptocurrencies due to concerns that some companies aren’t complying with securities rules and that investors could get fleeced.

    Earlier this month, the SEC froze the assets of an initial coin offering that promised a 13-fold profit in less than a month. The agency alleged that the offering violated federal securities laws since it was not registered with the government.

    Deep Discount

    Crypto disclosed last week that it was selling shares privately for $7, a steep discount to the $223 investors were paying for its stock in public markets at the time. Chief Executive Officer Michael Poutre said the $7 price had been communicated to potential buyers weeks ago -- before the stock’s dramatic surge. The stock peaked at $642 on Dec. 11 before closing at $575 Monday.

    Crypto also disclosed last week that it plans to split its shares 10-for-1, citing the recent jump in the stock price and the recent “rise of the entire digital-currency market.” The company is the product of a reverse merger with a sports bra company.



    The company lied, they have zero credibility.
    It's a classic pump and dump scheme for penny stocks.

    When the OTC market opens on their stock on January 3rd 2018, you should sell all their fucking stock.

    However, in the future, I'm sure some legitimate companies will offer something similar.
    This difference will be that they have tens of millions behind them in assets and a good track record.

  14. #4354
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    Quote Originally Posted by sonatine View Post
    Quote Originally Posted by snake_in_the_ass View Post
    Crypto went from 0 billion to 650 billion market cap. And when it finally goes donkdown, the idiots that missed the biggest ride in history will say "I told ya so." Especially those who kept calling a crash for the past 7+ years. Can't cry wolf everyday for 7 years and then take credit for the inevitable crash.

    thats a funny way to admit you were wrong and that they are in fact donkdown, but its not like i look to you for content.
    I am not a believer in crypto. I don't think they are currency, they are more like novelty products. I am in a believer in bull markets though and why not ride the train. Hopefully I get off before it runs off a cliff.

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    Platinum DirtyB's Avatar
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    Quote Originally Posted by snake_in_the_ass View Post
    Quote Originally Posted by sonatine View Post


    thats a funny way to admit you were wrong and that they are in fact donkdown, but its not like i look to you for content.
    I am not a believer in crypto. I don't think they are currency, they are more like novelty products. I am in a believer in bull markets though and why not ride the train. Hopefully I get off before it runs off a cliff.
    I've called bitcoin a solution in search of a problem since they were $5, and I still think that. It's actually much worse now than it was then. Any transaction fee over a dollar is pretty much a dealbreaker.

    I don't regret not buying any because I know that anything I bought at $5, I would have definitely sold in the $200-$1000 spike that one December.

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    Platinum DirtyB's Avatar
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    Crypto mining is consuming the same amount of energy as Denmark. Really.

  17. #4357
    Platinum gimmick's Avatar
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    Quote Originally Posted by snake_in_the_ass View Post
    Quote Originally Posted by sonatine View Post


    thats a funny way to admit you were wrong and that they are in fact donkdown, but its not like i look to you for content.
    I am not a believer in crypto. I don't think they are currency, they are more like novelty products. I am in a believer in bull markets though and why not ride the train. Hopefully I get off before it runs off a cliff.
    I don't know if anyone disagrees with that, i at least don't. Most of the "anti-crypto" positions in this thread are against the earlier hippie views for crypto and treating crypto like a 401k. Oh and you know spending money you don't have on it. All those things are great for speculation since they keep bringing fresh money to crypto, but it also means the last layer of the pyramid keeps getting wider.

    If i thought the only way for the music to stop, would be when we ran out of fools, i would consider it to be an almost stable asset.

    It's kinda how poker boom just cost money to most people and at the time there wasn't that many people i would have suggested to quit their day job or drop out to pursue that batch of easy money. For handful of people it was great though.

     
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    Owner Dan Druff's Avatar
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    As long as BTC keeps appreciating fairly often, people will overlook the crashes as a necessary evil -- ones which will quickly end and the good times will return.

    Look, about 10 days ago (I think, just guessing here), it was down to 13k after being up to 19k, and it corrected itself very quickly.

    The problem will occur, I think, when BTC stagnates for awhile, and then something triggers a crash.

    People won't have as recent of good times to remember, everyone will think, "Shit! It's happening! Time to bail out!", and you know what will come next.

    It will probably take a few cycles of these to devalue bitcoin. There will be resistance points. For example, if it falls below 10k, it will probably dip to something like 9300 before recovering from all the people who will buy in expecting that resistance point (kind of a self-fulfilling prophecy!)

    It also might just have a steady March downward, as it had for about 1 1/2 years leading to May 2015. At that point, bitcoin had no sustained gains (!!), yet various losses followed by stagnation which cut its value by about 83%.

    So that might also be the way it goes out.

    Honestly I was very surprised how it recovered after that. We had such a long period of steady decline, it just seemed like the shark had been jumped, and everyone who wanted in would be already in.

    Anyway... we're back into the 16400 range right now. Might have another few pops back up, but those jumping in now are taking quite as risk.

    I also don't really see a scenario where bitcoin crashes and one of the alts rises to take its place. They all seem roughly tied together with their rise and fall, from what I've seen in general.

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    Quote Originally Posted by TheXFactor View Post
    SEC Halts Crypto Stock Over Manipulation Concerns After Massive Jump
    https://www.bloomberg.com/news/artic...ter-2-700-jump

    -Trading halt tied to concerns shares being manipulated: SEC
    -Agency adds that investors may not be getting accurate data

    U.S. regulators temporarily suspended trading in an obscure digital currency company due to concerns that its stock is being manipulated after the shares surged more than 17,000 percent in less than three months, making paper billionaires out of top executives.

    In a Tuesday order halting buying and selling of The Crypto Co., the Securities and Exchange Commission said it was worried investors aren’t getting accurate disclosures or enough information about the company. Questions have also arisen about “potentially manipulative transactions” involving the Malibu, California-based company’s shares, the SEC said.

    Crypto appears to be a beneficiary of the digital-currency fever that has gripped markets in 2017. Despite losing more than $2.7 million this year and posting just a few hundred thousand dollars of revenue, the company’s market capitalization exceeds $11 billion. Its lofty valuation has made a billionaire out of President James Gilbert, who held a stake worth nearly $4.2 billion based on Monday’s closing price.

    Crypto trades over-the-counter, a market that typically has less stringent oversight than regulated exchanges. Its share jump has attracted the attention of market operator OTC Markets Group, which added a skull-and-crossbones icon next to the company’s stock symbol earlier this month to urge investors to be extra cautious before buying the shares.

    The company invests in digital assets, and is developing source code for managing them, according to regulatory filings. At the end of September, it held crytocurrencies worth $900,110, filings show. Bitcoin, the biggest digital currency, was trading for about $4,171 at the time, but has since surged to more than $18,220.

    The SEC said its concerns about Crypto include the compensation paid for the promotion of the company and statements made in regulatory filings about plans for insiders to sell their shares. The company didn’t immediately respond to a request for comment. The temporary suspension will last through Jan. 3, according to the SEC order.

    Wall Street’s main regulator has been cracking down on offerings tied to cryptocurrencies due to concerns that some companies aren’t complying with securities rules and that investors could get fleeced.

    Earlier this month, the SEC froze the assets of an initial coin offering that promised a 13-fold profit in less than a month. The agency alleged that the offering violated federal securities laws since it was not registered with the government.

    Deep Discount

    Crypto disclosed last week that it was selling shares privately for $7, a steep discount to the $223 investors were paying for its stock in public markets at the time. Chief Executive Officer Michael Poutre said the $7 price had been communicated to potential buyers weeks ago -- before the stock’s dramatic surge. The stock peaked at $642 on Dec. 11 before closing at $575 Monday.

    Crypto also disclosed last week that it plans to split its shares 10-for-1, citing the recent jump in the stock price and the recent “rise of the entire digital-currency market.” The company is the product of a reverse merger with a sports bra company.



    The company lied, they have zero credibility.
    It's a classic pump and dump scheme for penny stocks.

    When the OTC market opens on their stock on January 3rd 2018, you should sell all their fucking stock.

    However, in the future, I'm sure some legitimate companies will offer something similar.
    This difference will be that they have tens of millions behind them in assets and a good track record.
    Guess who the CIO is of this company?

    Rafe Furst.

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    100% Organic MumblesBadly's Avatar
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    Quote Originally Posted by Dan Druff View Post
    As long as BTC keeps appreciating fairly often, people will overlook the crashes as a necessary evil -- ones which will quickly end and the good times will return.

    Look, about 10 days ago (I think, just guessing here), it was down to 13k after being up to 19k, and it corrected itself very quickly.

    The problem will occur, I think, when BTC stagnates for awhile, and then something triggers a crash.

    People won't have as recent of good times to remember, everyone will think, "Shit! It's happening! Time to bail out!", and you know what will come next.

    It will probably take a few cycles of these to devalue bitcoin. There will be resistance points. For example, if it falls below 10k, it will probably dip to something like 9300 before recovering from all the people who will buy in expecting that resistance point (kind of a self-fulfilling prophecy!)

    It also might just have a steady March downward, as it had for about 1 1/2 years leading to May 2015. At that point, bitcoin had no sustained gains (!!), yet various losses followed by stagnation which cut its value by about 83%.

    So that might also be the way it goes out.

    Honestly I was very surprised how it recovered after that. We had such a long period of steady decline, it just seemed like the shark had been jumped, and everyone who wanted in would be already in.

    Anyway... we're back into the 16400 range right now. Might have another few pops back up, but those jumping in now are taking quite as risk.

    I also don't really see a scenario where bitcoin crashes and one of the alts rises to take its place. They all seem roughly tied together with their rise and fall, from what I've seen in general.
    And you based this on what specific information about the preferences and financial capacity of the other 1+ billion people on the planet who likely have access to the Internet?
    _____________________________________________
    Quote Originally Posted by Dan Druff View Post
    I actually hope this [second impeachment] succeeds, because I want Trump put down politically like a sick, 14-year-old dog. ... I don't want him complicating the 2024 primary season. I just want him done.
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    Were Republicans cowardly or unethical not to go along with [convicting Trump in the second impeachment Senate trial]? No. The smart move was to reject it.

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