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Looks like it was NiceHash that just lost all the Bitcoins in their wallet. 50-60 Million USD worth gone, gone, gone. Great news for Bitcoin!
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Dec 6, 2017 22:02
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AbysmalPeptoBismol posted:Looks like it was NiceHash that just lost all the Bitcoins in their wallet. 50-60 Million USD worth gone, gone, gone. Yes, a true entrepreneur was made $60 million richer today.
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Dec 6, 2017 22:05
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I'll e-suck someones e-dick for like 0.01 bitcoin?
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Dec 6, 2017 22:11
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Lol I got owned in the nicehash hack. Guess I won't be buying the full GFE this weekend.
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Dec 6, 2017 22:14
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I trade Bitcoin with CFD. So I can use 1x, 5x, or 10x leverage. https://en.wikipedia.org/wiki/Contract_for_difference I put in $10,000 about a week ago. At 10x leverage. Bitcoin has gone up by over $3000 a coin since then. That has made me $30,000 in a week - and if I want I can cash out straight to Paypal within one day, I've done it loads of times. I have no wallet and know gently caress all about the blockchain. The USA don't allow CFD trading. What a shame.
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Dec 6, 2017 22:24
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Minimalist Program posted:"invest money in my rear end". Still waiting for deposit information
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Dec 6, 2017 22:26
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Ohnonotme posted:I trade Bitcoin with CFD. So I can use 1x, 5x, or 10x leverage. https://en.wikipedia.org/wiki/Contract_for_difference holy poo poo You don't want to hold anything that is leveraged because of beta slippage and holy poo poo 10x leverage my dude holy poo poo especially for something as volatile as BTC my dude COMRADES fucked around with this message at 22:28 on Dec 6, 2017 |
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Dec 6, 2017 22:26
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poverty goat posted:Bitcoin is dumb because I can't figure out how to use a website that junkies and Bitcoin libertarians navigate and use successfully every day
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Dec 6, 2017 22:33
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revwinnebago posted:I call this, "Coffee and Blockchains." should've bought a ham sandwich imo
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Dec 6, 2017 22:38
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Ohnonotme posted:I trade Bitcoin with CFD. So I can use 1x, 5x, or 10x leverage. https://en.wikipedia.org/wiki/Contract_for_difference You must have been sweating bullets when it went down to $8500 and you owed $20,000.
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Dec 6, 2017 22:40
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COMRADES posted:holy poo poo The platform I use (Etoro) allows you to set a "Stop Loss" price, if the value of your position hits that, it terminates the contract and you get the money equal to the value it was at when it hit your "stop loss". I keep it quite tight - normally about 30% for bitcoin. And I only ever trade with 10x leverage - it's a lot more fun and profitable. Yes, I've been caught out a few times in the past, but so far this year (actually, 6 months) trading Bitcoin and stocks has made me 4x my annual salary. All through the magic of CFDs. No wallets, no dodgy exchanges, no broker fees, BIG spreads (which can be a pain), plenty of money in the BANK, not in Bitcoin.
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Dec 6, 2017 22:41
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Lote posted:You must have been sweating bullets when it went down to $8500 and you owed $20,000. No, my stop loss kicked in and ended the position. So it's not something I worry about. In fact Etoro won't even let you set your stop loss price low enough that you could go into debt.
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Dec 6, 2017 22:44
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Ohnonotme posted:No, my stop loss kicked in and ended the position. So it's not something I worry about. In fact Etoro won't even let you set your stop loss price low enough that you could go into debt. What if you can't find a buyer at the stop loss price?
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Dec 6, 2017 22:45
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Ohnonotme posted:The platform I use (Etoro) allows you to set a "Stop Loss" price, if the value of your position hits that, it terminates the contract and you get the money equal to the value it was at when it hit your "stop loss". I keep it quite tight - normally about 30% for bitcoin. lol Ohnonotme posted:No, my stop loss kicked in and ended the position. So it's not something I worry about. In fact Etoro won't even let you set your stop loss price low enough that you could go into debt. lol quote:No, my stop loss kicked in and ended the position Also - so you didn't really make $30k then did you bc if a stop loss triggered you obv had some losses.
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Dec 6, 2017 22:45
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Ohnonotme posted:And I only ever trade with 10x leverage - it's a lot more fun and profitable. just lol
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Dec 6, 2017 22:47
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eToro hmmmmm https://twitter.com/eToro/status/935927006633570306
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Dec 6, 2017 22:49
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But they're upfront in telling you Highly volatile investment product. Your capital is at risk. This is not investment advice.
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Dec 6, 2017 22:53
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Can you sell European calls?
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Dec 6, 2017 22:54
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Marketing-backed fiat currencies/securities
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Dec 6, 2017 22:54
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Ohnonotme posted:The platform I use (Etoro) allows you to set a "Stop Loss" price, if the value of your position hits that, it terminates the contract and you get the money equal to the value it was at when it hit your "stop loss". I keep it quite tight - normally about 30% for bitcoin. Let me just quote myself: amotea posted:
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Dec 6, 2017 22:57
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i have .03 bitcoin now how to make it into liquor?
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Dec 6, 2017 22:58
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On the surface, the current Bitcoin bonanza reminds me of the Beanie Baby craze back in the 90s. Everyone and their dog was into it until the day when no one cared anymore. On the other hand, had I put $100 down for Bitcoin on Monday, by today, Wednesday, I'd been up $20. By Friday, who knows. Seems too good to be true. The bubble has to burst eventually... right?
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Dec 6, 2017 22:59
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COMRADES posted:lol It hit my stop loss on one of it's little dives it likes to take - my phone beeps to tell me, I look at the values and charts, and re-buy when it starts to move up again. Regardless, it hasn't hit 8000 this week! https://www.coindesk.com/price/
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Dec 6, 2017 23:00
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This is actually pretty hosed up right here, if the 10x leverage wasn't already.
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Dec 6, 2017 23:03
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Pugzilla posted:On the surface, the current Bitcoin bonanza reminds me of the Beanie Baby craze back in the 90s. Everyone and their dog was into it until the day when no one cared anymore. poo poo, I know a guy who is a huge bitcoin evangelist, and back in like 8th/9th grade he had tons of Beanie Babies before moving on to the Star Wars Episode 1 toys.
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Dec 6, 2017 23:04
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amotea posted:Let me just quote myself: That's an exchange, where you are buying bitcoin. I use Etoro, where you are placing a Contract For Difference - you don't "own" anything. They make their money on the huge spread between buying and selling prices. Regulated by the FCA in the UK.
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Dec 6, 2017 23:06
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COMRADES posted:This is actually pretty hosed up right here, if the 10x leverage wasn't already. I want to do it, but there's no way that you walk away with money.
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Dec 6, 2017 23:08
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Dec 6, 2017 23:11
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Well, I took out $20k three weeks ago to buy a car - one day to get to Paypal, about a week for Paypal to make sure I wasn't money laundering, and then straight into my bank account. I don't mess with altcoins as they are even worse than bitcoin in terms of volatility, but otherwise I'll trade anything on a CFD - oil, gold, companies on NASDAQ that I have never even heard of - and I'm walking away with money.
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Dec 6, 2017 23:14
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Lote posted:What if you can't find a buyer at the stop loss price? You don't find a buyer - you have nothing to sell. You don't OWN anything. read up on CFDs.
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Dec 6, 2017 23:16
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Ohnonotme posted:That's an exchange, where you are buying bitcoin. I use Etoro, where you are placing a Contract For Difference - you don't "own" anything. They make their money on the huge spread between buying and selling prices. Regulated by the FCA in the UK. Okay mate. quote:Our CFDs are not listed on any exchange. CFDs involve greater risk than investing in on-exchange quote:To limit losses, we require you to choose ‘stop loss’ limits. These set limits to automatically close your
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Dec 6, 2017 23:19
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amotea posted:Okay mate. And they are telling the truth - you don't buy bitcoin or stocks, neither do Etoro. It's basically gambling on the stock market. With leverage.
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Dec 6, 2017 23:25
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you can't just TURN electricity into MONEY
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Dec 6, 2017 23:25
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amotea posted:Okay mate. And no, sometimes a stop loss order doesn't fully protect you - for instance, I had $3k on Toll Brothers, as they declared their quarterly earnings yesterday. The earnings report was great, but as soon as the stock market opened, it BOMBED right away. I lost $12k. You just have to realise you can never read the market, Earnings Releases are great times to make money (or lose it) - but you also get pre and after market trading, insider trading, etc. that can affect that. It's not intuition, it's not magic, it's the stock market or bitcoin. If NK launch another missile, the whole market drops. If Trump threatens them, same again. People tend to sell up and put money in gold when that happens - so your stocks take a plunge.
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Dec 6, 2017 23:33
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It's true, gambling is fun when you win. I didn't believe it either.
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Dec 6, 2017 23:38
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scott zoloft posted:you can't just TURN electricity into MONEY The last time I tried that was when Bitcoin was in the "few cents" range. I'm not an IT person, so I just bought them from MtGox. Then sold them a while later for a HUGE 200% profit. I think I bought $200 worth, got $600 back after waiting ages. Now I pretty much day-trade, I'm not really into holding stuff long term, I want a profit and I want it within about 48h, and I want it to be a lot. Facebook, for instance - I think that was my first "big" win. It was their earnings release day about 6 months ago, I had $200 on them, and I got $600 in nine minutes, then sold and went onto the next share. This quarter they went to poo poo on ER day.
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Dec 6, 2017 23:44
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Who is tipping you fractional coins to post here out of curiosity
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Dec 6, 2017 23:46
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Waffle House posted:Who is tipping you fractional coins to post here out of curiosity I have a sneaking suspicion.
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Dec 6, 2017 23:50
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lmfuckingao at the transition to 'well of course it isn't really a currency, it's a store of value' now that it's become obvious it's a hilariously terrible currency (of course it's also a hilariously terrible store of value). 
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Dec 6, 2017 23:53
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Nope, I am not him - this is the only account I have ever had on SA. I'm just posting my experiences because there is so much bullshit out there. And it's looking like Bitcoin may hit $14k soon - or it might collapse down to £6000. Just look at the coindesk chart - that is ALL today. Up over 16%. https://www.coindesk.com/price/ I could cash out now and be happy, but I am a greedy, unpleasant man - so will just set my stop loss at about -30%, go to bed, and see what the morning brings.
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Dec 6, 2017 23:58
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