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surebet
Jan 10, 2013

avatar
specialist


there's a decent spread brewing, hold hodl on to your butts people

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Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish

Nagato posted:

price is back to what it was before. who's manipulating the price :tinfoil:

nah it's still a ~30 dollar drop across all the exchanges

as i type that it jumped back down to 217

Dr. Honked
Jan 9, 2011

eat it you slaaaaaaag
the price is obviously being manipulated by bankster shill fudsters. if you can't see the obvious truth that's staring you in the face, well, you must be a bankster fud shill and it's YOU who are manipulating the price. it's obvious

Ghostlight
Sep 25, 2009

maybe for one second you can pause; try to step into another person's perspective, and understand that a watermelon is cursing me



Seraph84 posted:

The pendulum swingeth. Real talk lads and gents, this is buy time, the blood is in the water. Go be a shark. You're welcome.
real talk - if you at any point ever bought coins you are a retarded whale. this is not invalidated by any instances of you then making a profit from those purchases, as autism is a spectrum.

trucutru
Jul 9, 2003

by Fluffdaddy

Nagato posted:

price is back to what it was before. who's manipulating the price :tinfoil:

well, everybody trading on margin on that exchange got murdered and the exchange got all the butts.

(it was tibanne)

surebet
Jan 10, 2013

avatar
specialist


this is art

triple sulk
Sep 17, 2014



surebet posted:

this is art



lmao

trucutru
Jul 9, 2003

by Fluffdaddy
r/bitcoin finally reports on the news, after the headline is given the ok by dear leader

quote:

Bitcoin Price Crashes amid Perceived Network Disagreement over Block Size - Keyword: "Perceived" (bitcoinist.net)


lol

quote:

ell2366 2 points 4 minutes ago

All posts are getting blocked, the fact that this one appears so quick with a pre-prepared article is highly suggestive of consipracy of thymos with the flash crash!

trucutru
Jul 9, 2003

by Fluffdaddy

surebet posted:

this is art



that's what i call an actual hockey stick

Seraph84
Aug 9, 2015

by XyloJW

Ghostlight posted:

real talk - if you at any point ever bought coins you are a retarded whale. this is not invalidated by any instances of you then making a profit from those purchases
Of course. After all, who needs evidence when you've already arrived at your conclusion?

Robawesome
Jul 22, 2005

Seraph84 posted:

Of course. After all, who needs evidence when you've already arrived at your conclusion?

Malloc Voidstar
May 7, 2007

Fuck the cowboys. Unf. Fuck em hard.


Happy Noodle Boy
Jul 3, 2002


Dr. Honked posted:

bankster shill fudsters

please don't talk about my 8-bit ska band

Dr. Honked
Jan 9, 2011

eat it you slaaaaaaag
something something soggy bottom boys

Happy Noodle Boy
Jul 3, 2002


Dr. Honked posted:

something something soggy bottom boys

that's my weekend barber-metal quartet

Ron Paul Atreides
Apr 19, 2012

Uyghurs situation in Xinjiang? Just a police action, do not fret. Not ongoing genocide like in EVIL Canada.

I am definitely not a tankie.
did you steal Eonwe's elephant you son of a bitch

like wow dick move

Beldantazar
Sep 10, 2011

ok what the gently caress are these symbols supposed to mean

every time bitcoin graphs get posted there always seems to be some new weird thing

Robawesome
Jul 22, 2005

I'm campaigning to bitfinex.com to nullify the trades. (self.Bitcoin)

submitted 3 minutes ago by bell2366

Anyone with a bitfinex.com account that got burned tonight, pm me so we can act as one voice

maniacdevnull
Apr 18, 2007

FOUR CUBIC FRAMES
DISPROVES SOFT G GOD
YOU ARE EDUCATED STUPID

Robawesome posted:

I'm campaigning to bitfinex.com to nullify the trades. (self.Bitcoin)

submitted 3 minutes ago by bell2366

Anyone with a bitfinex.com account that got burned tonight, pm me so we can act as one voice

freedom from markets!

Malloc Voidstar
May 7, 2007

Fuck the cowboys. Unf. Fuck em hard.

Beldantazar posted:

ok what the gently caress are these symbols supposed to mean

every time bitcoin graphs get posted there always seems to be some new weird thing
https://bitcointalk.org/index.php?topic=1064374.0
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:pnf_charts:pnf_basics
"One of the first references to Point & Figure charting came from an anonymous writer named “Hoyle”, who wrote The Game in Wall Street and How to Successfully Play It in 1898."


i'm not actually reading it all to figure out what they mean

maniacdevnull
Apr 18, 2007

FOUR CUBIC FRAMES
DISPROVES SOFT G GOD
YOU ARE EDUCATED STUPID

did the xt thing cause this massive drop or did some other laff occur? in the future, how can we reduce laff concurrency and ensure a predictable laff valuation at all times?

surebet
Jan 10, 2013

avatar
specialist


Robawesome posted:

I'm campaigning to bitfinex.com to nullify the trades. (self.Bitcoin)

submitted 3 minutes ago by bell2366

Anyone with a bitfinex.com account that got burned tonight, pm me so we can act as one voice

should've hodl'ed, weak hands

infernal machines
Oct 11, 2012

we monitor many frequencies. we listen always. came a voice, out of the babel of tongues, speaking to us. it played us a mighty dub.

Robawesome posted:

I'm campaigning to bitfinex.com to nullify the trades. (self.Bitcoin)

submitted 3 minutes ago by bell2366

Anyone with a bitfinex.com account that got burned tonight, pm me so we can act as one voice

no chargebacks!

Sham bam bamina!
Nov 6, 2012

ƨtupid cat
91 new posts, did surf84 come back?













a aha ha what

infernal machines
Oct 11, 2012

we monitor many frequencies. we listen always. came a voice, out of the babel of tongues, speaking to us. it played us a mighty dub.
bitcoin: i want a mulligan

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish

Robawesome posted:

I'm campaigning to bitfinex.com to nullify the trades. (self.Bitcoin)

submitted 3 minutes ago by bell2366

Anyone with a bitfinex.com account that got burned tonight, pm me so we can act as one voice

The Glumslinger
Sep 24, 2008

Coach Nagy, you want me to throw to WHAT side of the field?


Hair Elf
Glad to see Bitcoin getting back to its roots

Malloc Voidstar
May 7, 2007

Fuck the cowboys. Unf. Fuck em hard.
http://gazette.com/witnesses-afa-cadet-got-drugs-from-online-black-market-and-sold-them-in-dorms/article/1557552
Witnesses: Cadet got drugs from online black market and sold them in dorms

Black market drugs bought on the Internet were shipped to the Air Force Academy, where cadets consumed them to concentrate on tests and hallucinate in their dorm rooms, witnesses testified at a Monday hearing at the school.

The testimony focused on junior cadet Nathaniel Penalosa, who is charged with 10 drug crimes including manufacturing, using and distributing a methamphetamine derivative called "molly." Three cadets were granted immunity from criminal charges to testify against Penalosa, whom they accused of dealing drugs that they used.
[...]
Witnesses said Penalosa got the drugs to the academy through mail order. Using an Internet-masking technique called a virtual private network, the cadet covertly accessed an online black market from his dorm room to order prescription and illicit drugs that were delivered in discreet packaging, witnesses said.

Witnesses said Penalosa picked up the drugs in the academy's cadet mailroom. The drug manufacturing case against Penalosa alleges that he converted powdered methylenedioxy-methamphetamine into pill form by filling empty drug capsules.

To hide the purchases, Penalosa used the anonymous online currency Bitcoin, witnesses said.

Chocobo
Oct 15, 2012


Here comes a new challenger!
Oven Wrangler
this is the biggest crash in a long time, fantastic

trucutru
Jul 9, 2003

by Fluffdaddy

maniacdevnull posted:

did the xt thing cause this massive drop or did some other laff occur? in the future, how can we reduce laff concurrency and ensure a predictable laff valuation at all times?

unregulated markets + margin trading = traders are going to be hosed by the exchange

the solution is less regulations.

trucutru fucked around with this message at 02:21 on Aug 19, 2015

Dessert Rose
May 17, 2004

awoken in control of a lucid deep dream...
i picked the right day to start paying attention to bitcoin again

kw0134
Apr 19, 2003

I buy feet pics🍆

trucutru posted:

unregulated markets + margin trading = traders are going to be hosed by the exchange

the solution is less regulations.
the utter lack of regulation in these exchanges of course mean that this was all lawsky's fault and the bitlicense murdered innovation once again

Dren
Jan 5, 2001

Pillbug

maniacdevnull posted:

did the xt thing cause this massive drop or did some other laff occur? in the future, how can we reduce laff concurrency and ensure a predictable laff valuation at all times?

nobody knows they just point to poo poo that happened recently and go "must've been that" cuz they've got an article to write. just like real financial journalism

Same Great Paste
Jan 14, 2006




Robawesome posted:

I'm campaigning to bitfinex.com to nullify the trades. (self.Bitcoin)

submitted 3 minutes ago by bell2366

Anyone with a bitfinex.com account that got burned tonight, pm me so we can act as one voice



Bender: Wait, my cheating unit malfunctioned. You gotta' give me a do-over.
Craps dealer: Sorry - the house limit is three do-overs.

Happy Noodle Boy
Jul 3, 2002


let's heed the wise words of bonermilk

[–]bonermiIk 4 points 2 hours ago
Buy and hodl or gently caress off and die.

QuarkJets
Sep 8, 2008

we need another bearwhale

suffix
Jul 27, 2013

Wheeee!
i wish the tinklewinks would get their fund poo poo together so they'd have to send out newsletters to Real Serious Investors and be like "hey your investment just lost 30% of its value 10 minutes ago, but it's okay, it's back up to only 15% now"

e: actually i guess no real serious investors would buy it, but i still enjoy the thought of htem going around pitching this trainwreck

TVarmy
Sep 11, 2011

like food and water, my posting has no intrinsic value

maniacdevnull posted:

did the xt thing cause this massive drop or did some other laff occur? in the future, how can we reduce laff concurrency and ensure a predictable laff valuation at all times?

there's been a slump ever since the last time they tried to pump it over $300 (they've been trying all year). the slump accelerated after the xt debate stuff started, although im not really sure that is much of a catalyst. maybe the blocksize arguments themselves made weaker hands realize bitcoin isn't prepared for the sudden mass adoption bagholders keep praying for.

whatever the case, a customer or customers on bitfinex, one of the larger exchanges that also lets users buy and sell on margin, sold enough bitcoins to start a cascade of margin calls. this is what caused that sudden drop from $250 to ~$160.

Krinkle
Feb 9, 2003

Ah do believe Ah've got the vapors...
Ah mean the farts


aw man the price bounced up in the last two hours i didn't get to enjoy the plunge

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Synthbuttrange
May 6, 2007

Hold on to your butts, butt-holders.

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