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amotea posted:Can you link these charts? Last year or so some journalist tried to cash out a small amount and in the end he had to meet a shady dude in a back alley IIRC. Hit "Depth Chart" and you can see all the buy/sell limit orders.
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Oct 25, 2017 17:23
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Nocheez posted:That's a great *if*, but *if* I bought it when it was at $6000 yesterday it would be worth $5500 today. What a great investment, only losing a little over 8% of its value in 24 hours! Well yeah but then you just buy for 5500 again today, and then when it rises to 10k you’ll make even more money!!!!
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Oct 25, 2017 17:36
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You noobs just haven’t heard of dollar cost averaging, an advanced technique we traders use to minimize losses Basically you just buy bitcoin all the time, up or down Every paycheck, buy bitcoin
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Oct 25, 2017 18:05
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Ham Sandwiches posted:For whatever reason people felt the need to predict that it was a scam and endlessly post to avoid it entirely ~for whatever reason~ How many exchanges absconded with client funds?
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Oct 25, 2017 18:15
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My favorites are when someone fat fingers the transaction fee and loses tens of thousands of dollars in an instant. good times.
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Oct 25, 2017 18:40
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gently caress the ROW posted:No one can cash it out, OP. So its worth maybe 0 all cashout locations are either hacked, defrauded, management ran off with the money, disgruntled employee ran off with critical info, closed without notice, etc.
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Oct 25, 2017 19:06
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Burt Sexual posted:My favorites are when someone fat fingers the transaction fee and loses tens of thousands of dollars in an instant. good times. At least if you ever go on Jeopardy, you got one of those contestant bios ready. "Now, let me get this straight. You once paid $20,000 for a pizza?" - Alex Trebek, hopefully.
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Oct 25, 2017 19:13
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Lawrence Gilchrist posted:all cashout locations are either hacked, defrauded, management ran off with the money, disgruntled employee ran off with critical info, closed without notice, etc. coinbase.com
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Oct 25, 2017 19:14
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Return Of JimmyJars posted:Hit "Depth Chart" and you can see all the buy/sell limit orders.
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Oct 25, 2017 19:30
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Return Of JimmyJars posted:coinbase.com You keep saying Coinbase, like its the only feasible way to cash out. seems like having one bank in the entire nation to do business with. that wouldn't lead to any issues down the road no sir
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Oct 25, 2017 19:36
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Burt Sexual posted:You keep saying Coinbase, like its the only feasible way to cash out. seems like having one bank in the entire nation to do business with. that wouldn't lead to any issues down the road no sir There are two exchanges where it's easy to cash out, coinbase and gdax. That there are only two is a problem, yes.
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Oct 25, 2017 19:46
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amotea posted:Those are just orders on the exchange though, eventually you need to exchange the funny exchange dollars for real dollars. That's what we were talking about. Gdax lets you trade magic internet money to US dollars.
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Oct 25, 2017 19:46
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CassandraZara posted:There are two exchanges where it's easy to cash out, coinbase and gdax. That there are only two is a problem, yes. Do I have to mail them my passport, birth certificate, drivers license, and ssn card still too? (aka identity theft starter pack)
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Oct 25, 2017 19:48
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Burt Sexual posted:Do I have to mail them my passport, birth certificate, drivers license, and ssn card still too? (aka identity theft starter pack) Don't sign up with a chinese VPN and you wont get asked for any of that.
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Oct 25, 2017 19:49
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Burt Sexual posted:Do I have to mail them my passport, birth certificate, drivers license, and ssn card still too? (aka identity theft starter pack) For coinbase at least you need a photo ID, which is a reasonable standard for prevention of money laundering. My bank required more than that and my identity hasn't managed to get stolen yet. edit: I managed to sell my one bitcoin that I bought in 2014 for about $4800 in profit. The money has already landed in my account. I'll let you know if my identity gets stolen over it. CassandraZara fucked around with this message at 19:55 on Oct 25, 2017 |
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Oct 25, 2017 19:53
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I am also wealthy in Fappo Bango Dollars
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Oct 25, 2017 20:10
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has the ham sandwich guy posted itt yet
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Oct 25, 2017 20:12
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Blast of Confetti posted:has the ham sandwich guy posted itt yet Boy, has he. He posted an article he thought proved some point he was making, but if he actually read the article it says the complete opposite and the quoted expert talks about how bitcoin is not a good currency lol
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Oct 25, 2017 20:15
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imagine having so much nothing to do that you start frothing at the mouth for not buying bitcoin
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Oct 25, 2017 20:17
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a bone to pick posted:Boy, has he. He said it was a currency, which the goon financial analyst with 140 IQ claimed it absolutely was NOT, I posted that article to show that well, what do you know, he's wrong Remember the standard argument is that bitcoins are not a store of value OR a currency, thats the buttcoin mantra So this dude points out that there are issues with it as a currency, but yeah, guess what, he flat out says "oh yeah its a currency"
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Oct 25, 2017 20:23
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Blast of Confetti posted:imagine having so much nothing to do that you start frothing at the mouth for not buying bitcoin imagine being very concerned with how other people post while having nothing to offer to the conversation yourself. This guy doesn't have to imagine
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Oct 25, 2017 20:24
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lmao you sure got me, keep fighting the power buddy
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Oct 25, 2017 20:24
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Ham Sandwiches posted:He said it was a currency, which the goon financial analyst with 140 IQ claimed it absolutely was NOT, I posted that article to show that well, what do you know, he's wrong It's not a currency though. quote:"I think the better path for bitcoin is to actually make it a digital currency, a currency that you and I can take on our travels and use actually to buy stuff and sell stuff. If that happens, then I'm OK with the pricing," said Aswath Damodaran, a professor of corporate finance and valuation at New York University's Stern School of Business. Talking about how it should be MADE a currency doesn't mean it is a currency right now. And then he says this quote:Separately, in a blog post on Tuesday, Damodaran laid out why he sees bitcoin as a currency without investable value. Without explaining why it is a currency. But even he says you can't invest in it and its only for speculative trading at this point. COMRADES fucked around with this message at 20:32 on Oct 25, 2017 |
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Oct 25, 2017 20:28
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Ham Sandwiches posted:imagine being very concerned with how other people post while having nothing to offer to the conversation yourself. This guy doesn't have to imagine 
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Oct 25, 2017 20:30
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COMRADES posted:Without explaining why it is a currency. But even he says you can't invest in it and its only for speculative trading at this point. He says it's a currency. The buttcoiners claimed it's not a currency. This gentleman disagrees, and feels it is a currency. I offered that article as proof of a respected financial analyst, on TV, calling Bitcoins a currency. That's pretty much it buddy.
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Oct 25, 2017 20:32
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Ham Sandwiches posted:imagine being very concerned with how other people post while having nothing to offer to the conversation yourself. This guy doesn't have to imagine how dare he shitpost in the bitcoin is stupid thread version 15.2
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Oct 25, 2017 20:33
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Ham Sandwiches posted:I offered that article as proof of a person, on TV, calling Bitcoins a currency. That's pretty much it buddy. I can show you someone on TV saying that Nibiru is coming but that doesn't make it real. Also that dude is waffling because he is quoted as saying it is a currency but also that it isn't a currency yet so which is it. BTC is not useful as a unit of accounting or a store of value. It is okay as a medium of exchange but that alone doesn't make it a currency. By definition.
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Oct 25, 2017 20:34
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but he said he believes it and has very strong feelings about it being a currency that must mean that it is
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Oct 25, 2017 20:35
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Ham Sandwiches posted:He said it was a currency, which the goon financial analyst with 140 IQ claimed it absolutely was NOT, I posted that article to show that well, what do you know, he's wrong I don't get it If you really love your butt coins, isn't it in your best interest for no one else to touch your buttcoins? Shouldn't you be scrooge mcducking your 1s and 0s?
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Oct 25, 2017 20:37
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I'm having to respond to a US government request for Information for my company. One of the questions was describe your experience/thoughts on blockchain technology to be used within a user authentication/authorization system. All I can think of is "Maybe 20 minute logons?" I mean people are talking/thinking about blockchain, but I don't see it working IRL.
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Oct 25, 2017 20:37
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COMRADES posted:I can show you someone on TV saying that Nibiru is coming but that doesn't make it real. Also that dude is waffling because he is quoted as saying it is a currency but also that it isn't a currency yet so which is it. Well, New York University professor of corporate finance and valuation Aswath Damodaran, seems to feel that Bitcoin is a currency quote:"I will argue that bitcoin is not an asset, but a currency, and as such, you cannot value it or invest in it. You can only price it and trade it," And I posted that link to explain that a NYU professor just described that he feels bitcoin is a currency, I can't wait to hear unix sysadmins with self published ebooks have to say
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Oct 25, 2017 20:38
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Burt Sexual posted:I'm having to respond to a US government request for Information for my company. One of the questions was describe your experience/thoughts on blockchain technology to be used within a user authentication/authorization system. All I can think of is "Maybe 20 minute logons?" What does your company do, Burt, Sexual?
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Oct 25, 2017 20:39
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Ham Sandwiches posted:Well, New York University professor of corporate finance and valuation Aswath Damodaran, seems to feel that Bitcoin is a currency For the 3rd time, that article quotes that guy saying it is a currency and that also it can be a currency one day and that's its path forward so... it can't loving be both at the same time dude. Also, quote:"I will argue that bitcoin is not an asset, but a currency, and as such, you cannot value it or invest in it. You can only price it and trade it," This blows apart all your other arguments of "you're an idiot if you don't buy this!"
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Oct 25, 2017 20:39
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Burt Sexual posted:I'm having to respond to a US government request for Information for my company. One of the questions was describe your experience/thoughts on blockchain technology to be used within a user authentication/authorization system. All I can think of is "Maybe 20 minute logons?" That's because you believe stuff that isn't true and can't think outside of your current experience / secondhand stuff you heard on the internet. I don't even mean this as a slam. Imagine a leech doctor saying "I can't imagine how these pills will ever make people healthy" and you have a good grasp of the situation
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Oct 25, 2017 20:40
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COMRADES posted:For the 3rd time, that article quotes that guy saying it is a currency and that also it can be a currency one day and that's its path forward so... it can't loving be both at the same time dude. Well, in his blog that he wrote on the topic, he says it's a currency. That's why I posted that article. A digital currency, a cryptocurrency.
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Oct 25, 2017 20:41
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Ham Sandwiches posted:Well, in his blog that he wrote on the topic, he says it's a currency. That's why I posted that article. A digital currency, a cryptocurrency. quote:"I think the better path for bitcoin is to actually make it a digital currency, a currency that you and I can take on our travels and use actually to buy stuff and sell stuff. If that happens, then I'm OK with the pricing," said Aswath Damodaran ... Fuckin schrodinger's Bitcoin over here.
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Oct 25, 2017 20:43
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COMRADES posted:... You seem to be unable to reconcile people expressing things slightly differently in different contexts, but since the blog post was his prepared views on the topic, why not go with that since it's pretty comprehensive http://pages.stern.nyu.edu/~adamodar/ http://aswathdamodaran.blogspot.com/ quote:As I have noted with my earlier posts on crypto currencies, in general, and bitcoin, in particular, I find myself disagreeing with both its most virulent critics and its strongest proponents. Unlike Jamie Dimon, I don't believe that bitcoin is a fraud and that people who are "stupid enough to buy it" will pay a price for that stupidity. Unlike its biggest cheerleaders, I don't believe that crypto currencies are now or ever will be an asset class or that these currencies can change fundamental truths about risk, investing and management. The reason for the divide, though, is that the two sides seem to disagree fundamentally on what bitcoin is, and at the risk of raising hackles all the way around, I will argue that bitcoin is not an asset, but a currency, and as such, you cannot value it or invest in it. You can only price it and trade it. Ham Sandwiches fucked around with this message at 20:58 on Oct 25, 2017 |
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Oct 25, 2017 20:45
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Ham Sandwiches posted:That's because you are dumb and can't think outside of your current experience / secondhand stuff you heard on the internet. I don't even mean this as a slam. not a slam, but you're a big bitch idiot!
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Oct 25, 2017 20:45
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Inept posted:not a slam, but you're a big bitch idiot! Yeah like, if you believe that the iphone 4 or 5 is exactly the right size and that nobody will use phones larger than that, you would be a yospos poster, and you would believe things that aren't true. It's just a sign of inability to predict the future, and I call that dumb.
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Oct 25, 2017 20:47
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COMRADES posted:schrodinger's Bitcoin Good screen name material here
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Oct 25, 2017 20:53
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