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Sickening posted:My friend of a friend knows a guy who legit gets money out no problem. Tell your friends to invest heavily in my rear end
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Dec 11, 2017 18:06
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| # ? May 28, 2024 06:22 |
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My dad who works at bitcoin gets like 485k a week. No issues, no BS, no waiting, so send your bitcoins to me if you want to be in that #fastlane.
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Dec 11, 2017 18:07
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Sickening posted:My friend of a friend knows a guy who legit gets money out no problem. This is better than Nintendo poo poo.
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Dec 11, 2017 18:10
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QuarkJets posted:Instead of buying bitcoins I bought Boeing stock. I'm up 300% for the year and I didn't have to give all of my personal information to exchanges so shady that they can't acquire banking partners, nor did I have to worry about the exchange getting "hacked" and wiping out everything I had 
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Dec 11, 2017 18:16
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scott zoloft posted:while everyone is distracted by bitcoin I'm going to buy land *buys a 3'x10000' strip of land in west texas with no road or water access*
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Dec 11, 2017 19:08
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Sickening posted:My friend of a friend knows a guy who legit gets money out no problem. I was my guy's banker though. So I know it does work, but you have to deal with their "processing times" and they limit the amount of transactions you can do per day.
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Dec 11, 2017 19:19
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scott zoloft posted:while everyone is distracted by bitcoin I'm going to buy land I am going to practice the blade.
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Dec 11, 2017 19:38
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Those days long processing times are for deposits too which makes me think it's at least as much about the banks as it is with the exchanges.
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Dec 11, 2017 19:40
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https://blockchain.info/charts/avg-confirmation-time
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Dec 11, 2017 19:41
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If anybody needs me I'll be right here.... practicing the blade.....
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Dec 11, 2017 19:43
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I have found myself just watching the BTC/USD chart on gdax.com the last few days and it is just fascinating. For all the charts that get posted here of wild price swings I feel like those posts could be made every single day. In the last day and a half btc has been as low as $13,500 and as high as $17,000. 25% price swings aren't even newsworthy anymore.
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Dec 11, 2017 19:45
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wide stance posted:Those days long processing times are for deposits too which makes me think it's at least as much about the banks as it is with the exchanges. For deposits, exchanges are exposed to the risk that you might buy BTC, transfer it away from them, and then fraudulently reverse/stop the ACH payment. For withdrawals, it allows them to pay your withdrawal with someone else's deposit so they don't have to go to the bank. All the high-yield money market accounts only permit six transactions a month, and the shortest term treasury bill has a four-week lockup.
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Dec 11, 2017 19:53
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Andy Dufresne posted:I have found myself just watching the BTC/USD chart on gdax.com the last few days and it is just fascinating. For all the charts that get posted here of wild price swings I feel like those posts could be made every single day. In the last day and a half btc has been as low as $13,500 and as high as $17,000. 25% price swings aren't even newsworthy anymore. The serious long term investor wouldn't worry about the day to day.
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Dec 11, 2017 20:00
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Minimalist Program posted:If anybody needs me I'll be right here.... practicing the blade..... while you were studying the blade i was trading bitcoin now i can pay someone to take the blade exam for me
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Dec 11, 2017 20:06
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As a hardened 7 day veteren of the bitcoin war I can assure you that we already live life on the blades edge.
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Dec 11, 2017 20:16
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Solice Kirsk posted:The serious long term investor wouldn't worry about the day to day. You can be drat sure the serious long term investor would care that an asset is fluctuating within a single day by 25% and has been for weeks.
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Dec 11, 2017 20:21
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quote:Am I hosed? I took a payday loan to buy bitcoin Yeah you're hosed. quote:Tale as old as time .... lmao
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Dec 11, 2017 20:45
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Hiigaran0 posted:You can be drat sure the serious long term investor would care that an asset is fluctuating within a single day by 25% and has been for weeks. Incorrect. Now that I have apparently joined the ranks of the long crypto I can speak with authority that I'm not worried about the wild swings I've encountered in the 27 hours I have been a part of this. It should be noted that I also was not aware of my position until this morning when I checked the stock thread.
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Dec 11, 2017 20:46
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Price is like $12,000 above its 200-day simple moving average, so our hypothetical and hyperrational long-term investor should only care if BTC drops like 70%. We good.
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Dec 11, 2017 20:50
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Solice Kirsk posted:Incorrect. Now that I have apparently joined the ranks of the long crypto I can speak with authority that I'm not worried about the wild swings I've encountered in the 27 hours I have been a part of this. SK I have been smiling about your accidental long play all day. Only 363 days til you can sell it with gains taxed at LTCG!
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Dec 11, 2017 21:06
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Triglav posted:Price is like $12,000 above its 200-day simple moving average, so our hypothetical and hyperrational long-term investor should only care if BTC drops like 70%. We good. The jokes write themselves here.
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Dec 11, 2017 21:07
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Uranium 235 posted:because as soon as bitcoins move from that address, everyone will know about it so what? I mean we know how many Bitcoins exist, why does it make a difference who's wallet they're in?
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Dec 11, 2017 21:08
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upupupupupup!
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Dec 11, 2017 21:09
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a hot gujju bhabhi posted:so what? I mean we know how many Bitcoins exist, why does it make a difference who's wallet they're in? it would be a significant event
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Dec 11, 2017 21:32
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EAT FASTER!!!!!! posted:SK I have been smiling about your accidental long play all day. Me too, honestly. My coworkers were teasing me about it as well. One of them told me to put my Litecoins in a mayonnaise jar and bury them in a vacant lot. I got a good chuckle out of that one.
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Dec 11, 2017 21:33
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Uranium 235 posted:it matters because the market considers those bitcoins to be out of circulation. if they were moved, then that means they can be sold on the market, which means the supply of bitcoins has increased substantially. that would cause the prices to drop. why should anyone consider them to be out of circulation? are bitcoiners that stupid?
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Dec 11, 2017 21:40
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a hot gujju bhabhi posted:why should anyone consider them to be out of circulation? are bitcoiners that stupid? what does your heart say
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Dec 11, 2017 21:41
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a hot gujju bhabhi posted:why should anyone consider them to be out of circulation? are bitcoiners that stupid? if they haven't moved from the address then obviously they are not in circulation
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Dec 11, 2017 21:41
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Uranium 235 posted:because they have never moved from that address uh not at this specific moment but just because I have a savings account i don't withdraw from that doesn't mean I won't some day
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Dec 11, 2017 21:45
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bank run
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Dec 11, 2017 21:45
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a hot gujju bhabhi posted:uh not at this specific moment but just because I have a savings account i don't withdraw from that doesn't mean I won't some day no one treats those bitcoins as though they are in circulation because it's a fact that they are not in circulation. if they move, the market will price it in. this is really straightforward
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Dec 11, 2017 21:49
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Uranium 235 posted:yeah but the contents and activities of your bank account aren't public By that definition no bitcoin is in circulation other than the ones sitting in the transaction queue. Who is that stupid??
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Dec 11, 2017 21:54
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Uranium 235 posted:it matters because the market considers those bitcoins to be out of circulation. if they were moved, then that means they can be sold on the market, which means the supply of bitcoins has increased substantially. that would cause the prices to drop. this is true in made-up bitcoin digital goldbug economics, but not in actual economics. the catch in the case of bitcoin is the thin trading. it literally takes only tens of BTC to cause a major price movement. there are plenty of whales who could crash the price any time. having another whale come online wouldn't actually change that. Uranium 235 posted:it would be a significant event it would make the news, but you know that bitcoiners' reaction would be to loudly come up with spurious reasons why THIS IS FINE and the thing they said 5 minutes before was TOTALLY INCORRECT and HOW COULD ANYONE SAY THAT as long as - and this is the key point - they think they can make the number stay up.
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Dec 11, 2017 21:55
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Update: I'm studying the blade.
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Dec 11, 2017 21:57
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a hot gujju bhabhi posted:why should anyone consider them to be out of circulation? are bitcoiners that stupid? The price on exchanges is dictated by like 5% of bitcoins mined. It's estimated that a third of all mined bitcoins are lost (magic numbers, idk the methodology). If those offline-but-not-lost bitcoins came online and sold, prices would go down. It's just how supply and demand works. Market supply would outstrip market demand. Even if the seller was smart and sold over time, or just placed a huge oversized limit sell order, they would depress or cap prices. My personal hope is that this theoretical person cashes out by selling a bunch of futures while market selling on exchanges at the same time. Instant cashout, and the liquidation would force others to sell in a nice big cascade, too. Given the repeated history of market-sell flash crashes (there was even a 6% one on Bitfinex last night), I don't believe bitcoin exchanges are sophisticated enough to prohibit orders that damage the market.
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Dec 11, 2017 22:01
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Triglav posted:The price on exchanges is dictated by like 5% of bitcoins mined. It's estimated that a third of all mined bitcoins are lost (magic numbers, idk the methodology). If those offline-but-not-lost bitcoins came online and sold, prices would go down. It's just how supply and demand works. Market supply would outstrip market demand. Even if the seller was smart and sold over time, or just placed a huge oversized limit sell order, they would depress or cap prices.
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Dec 11, 2017 22:09
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Can the large bitcoin collider target a certain wallet or is it random?
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Dec 11, 2017 22:11
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How did you guys get so smart at money trading stuff? I know bitcoin is a scam because its nerd fun money.
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Dec 11, 2017 22:15
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so guys what happens if there's a run on bitcoins but the validation time is too long that you can't get them out, or it take so long to validate that the price went back during the validation time of like 24 hours
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Dec 11, 2017 22:19
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| # ? May 28, 2024 06:22 |
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Bitcoin is just a poor man's CSGO skins.
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Dec 11, 2017 22:21
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