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Uranium 235
Oct 12, 2004

Alan Smithee posted:

Did you short it
nah, i can't on the exchange i use. i made most of it on the bounces from the lows and from scalping volatility/thin order book with really small positions for $10 moves (about 1%). even though my positions were small, they added up fast because of how fast and reliable those scalps were. i played this pretty conservatively but still ended up with a very profitable day

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Alan Smithee
Jan 4, 2005


A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...

Burt Sexual posted:

Seriously? 5 threads and this?

Well?

Alan Smithee
Jan 4, 2005


A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...

Uranium 235 posted:

nah, i can't on the exchange i use. i made most of it on the bounces from the lows and from scalping volatility/thin order book with really small positions for $10 moves (about 1%). even though my positions were small, they added up fast because of how fast and reliable those scalps were. i played this pretty conservatively but still ended up with a very profitable day

So...you're daytrading bitcoins

Uranium 235
Oct 12, 2004

Alan Smithee posted:

So...you're daytrading bitcoins
it was all ethereum and litecoin today

but yes i day trade crypto

the chief v2
Apr 15, 2010

Burt Sexual posted:

Seriously? 5 threads and this?

Not all of us have time for 5 pages of posts about bitcoin in one thread since October.

ghosTTy
Sep 22, 2008

Alan Smithee posted:

Lol you tone deaf moron

nocoiner :cawg:

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

Hodl

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

the chief v2 posted:

Not all of us have time for 5 pages of posts about bitcoin in one thread since October.

No, some claim to get out, others say it’s bs and fight the exchanges. To get their own unregulated money out, take a guess which is true.

Also, please give baby’s first identity theft package to a forieign entity including passports, dL, ss, and dob, and bank accounts.

Uranium 235
Oct 12, 2004

Burt Sexual posted:

No, some claim to get out, others say it’s bs and fight the exchanges. To get their own unregulated money out, take a guess which is true.

Also, please give baby’s first identity theft package to a forieign entity including passports, dL, ss, and dob, and bank accounts.
i can only speak for myself, but i've had no trouble withdrawing. every ACH withdrawal i've scheduled has hit my bank account within 48 hours. i've heard that people have had trouble with wires taking a lot longer than they should, so i don't use those

EorayMel
May 30, 2015

WE GET IT. YOU LOVE GUN JESUS. Toujours des fusils Bullpup Français.
I'm looking forward to when there is officially more tethers than USD in a few years

the chief v2
Apr 15, 2010

Burt Sexual posted:

No, some claim to get out, others say it’s bs and fight the exchanges. To get their own unregulated money out, take a guess which is true.

Also, please give baby’s first identity theft package to a forieign entity including passports, dL, ss, and dob, and bank accounts.

Got it thanks. So it’s just a poo poo show like everything else

ruddiger
Jun 3, 2004

Uranium 235 posted:

it was all ethereum and litecoin today

but yes i day trade crypto

I overheard a coworker talking about taking a bath on his ethereum the other day, congrats on finessing that guy out of his money.

Communist Q
Jul 13, 2009

Honestly, it's not hard to cash out with coinbase/gdax. It's kind of nuts people think it's that hard to do so. I don't gamble more than what I'd take to the casino, but it's pretty easy trading volatility and scalping a few percent especially during days like today. Also, if you're worried about identity theft and posting on SA, chances are you probably should have locked your credit after the equifax breach since your information is already out there.

EorayMel
May 30, 2015

WE GET IT. YOU LOVE GUN JESUS. Toujours des fusils Bullpup Français.
I just realized at least one person stuck a loaded gun in their mouth after the suicide hotline didn't help them out the way they intended and blew their brains out today within the past 8 hours because of bitcoin.

and that makes me slightly depressed.

Aredna
Mar 17, 2007
Nap Ghost
Cashed out and took under $10k back to my bank account - had no issues with Coinbase. The only slowdown was they forced me to validate I was who I claimed through 2FA before sending money back which is pretty reasonable.

Seems there's a small group of people that do have a ton of trouble, but there's a lot of FUD out there as well.

Aredna
Mar 17, 2007
Nap Ghost

EorayMel posted:

I just realized at least one person stuck a loaded gun in their mouth after the suicide hotline didn't help them out the way they intended and blew their brains out today within the past 8 hours because of bitcoin.

and that makes me slightly depressed.

One dude had his wife leave him after she gave him permission to use $50k from a 2nd mortgage to buy bitcoins and then he used like another $150k without telling her when it was near peak value.

lazorexplosion
Mar 19, 2016

I can't imagine why people would be afraid, uncertain or doubtful about bitcoin exchanges. They've always been so upstanding and reliable!

EugeneJ
Feb 5, 2012

by FactsAreUseless

Sammus posted:

This is all a bad joke right? It says BCC is at 30$ on CoinMarketCap. People on Telegram are telling me that BCC is not even 8$ worth now? If this is real, Im ruined. Like really loving ruined. I have nothing left. I put everything I had into this, because I trusted them. Literally all of my familys savings are in BCC, because a friend told me the risk was worth it. Are you telling me I lost everything? 80,000$ gone like nothing? Im so angry right now. My wife doesnt know yet. She will come home soon. What am I going to loving tell her. How am I suppossed to care for my family now? I have literally nothing right now. My wife has two sons and I am unemployed. How am I suppossed to take care of them now??? I hope someone pays for this mess. If not with money then with a sentence.

lol

lazorexplosion
Mar 19, 2016

I just adore the people who go 'is it over yet? I was thinking of buying the dip if it's over?' every time it goes all of two whole hours without going down. It's natures way of transferring loses from people who pretty much deserve it to people who REALLY deserve it.

EugeneJ
Feb 5, 2012

by FactsAreUseless
What's the best site to view live updates of the value changing?

Communist Q
Jul 13, 2009

GDAX is the main American exchange. If you want to check altcoins, you can watch everything on coinmarketcap.

slidebite
Nov 6, 2005

Good egg
:colbert:

https://bitcointicker.co is what I have been looking at

Laserface
Dec 24, 2004

somebody at my friends office borrowed 400k on a personal loan two days ago to buy bitcoin and woke up this morning to a 170k loss.

that is a loss of 170k on 400k borrowed on a personal loan. That is currently a 10-15% interest rate depending on bank and if its secured or not.

Im curious what they secured it against because lol

Yardbomb
Jul 11, 2011

What's with the eh... bretonnian dance, sir?

EorayMel posted:

I just realized at least one person stuck a loaded gun in their mouth after the suicide hotline didn't help them out the way they intended and blew their brains out today within the past 8 hours because of bitcoin.

and that makes me slightly depressed.

They were dumb enough to buy into buttcoins, they woulda done it over whatever scam got them next.

EugeneJ
Feb 5, 2012

by FactsAreUseless

slidebite posted:

https://bitcointicker.co is what I have been looking at

This is really good, thanks

slidebite
Nov 6, 2005

Good egg
:colbert:

Looks like the low of this afternoon is getting approached again.
E: nevermind had it set to 3hr history

slidebite fucked around with this message at 04:20 on Jan 17, 2018

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

Aredna posted:

Cashed out and took under $10k back to my bank account - had no issues with Coinbase. The only slowdown was they forced me to validate I was who I claimed through 2FA before sending money back which is pretty reasonable.

Seems there's a small group of people that do have a ton of trouble, but there's a lot of FUD out there as well.

Do they have your passport and or dL?

slidebite
Nov 6, 2005

Good egg
:colbert:

Laserface posted:

somebody at my friends office borrowed 400k on a personal loan two days ago to buy bitcoin and woke up this morning to a 170k loss.

that is a loss of 170k on 400k borrowed on a personal loan. That is currently a 10-15% interest rate depending on bank and if its secured or not.

Im curious what they secured it against because lol
I'd say house, but someone dumb enough to do that wouldn't be able to since they are probably already in with 2 mortgages.

Sammus
Nov 30, 2005

Please help, I have invested over $500,000 into Bitconnect and currencies on the exchange with the help of a business loan. I planned to withdraw within a month or two. Now I cant access the funds to sell and the market crashed, I cannot pay for the business, my family needs the funds, I need help. Please for the sake of all that is good in the name of assistance, I need financial advice. This is the worst day and I feel like making $5,000,000 by gambling on the crypto market with another loan before its too late and the prices go up again (using another exchange). I cannot deal, please help and give advice.

https://www.reddit.com/r/Bitconnect/comments/7qxkgr/lost_my_life_savings_in_bitconnect/

paternity suitor
Aug 2, 2016

slidebite posted:

I'm still trying to understand wtf a tether is

This question gets asked about once every five pages and the answers never dissapoint

paternity suitor
Aug 2, 2016

Trapped inside of bitcoin factory pls send help

Delthalaz
Mar 5, 2003






Slippery Tilde

slidebite posted:

Looks like the low of this afternoon is getting approached again.
E: nevermind had it set to 3hr history

Slooooowly. Still around 10850. It needs to drop another thousand.

daft
Oct 16, 2012
Will this stuff ever be regulated in the US? I guess you can't regulate people being idiots with their money but this stuff seems so shady.

Burt Sexual
Jan 26, 2006

by Jeffrey of YOSPOS
Switchblade Switcharoo

Sammus posted:

Please help, I have invested over $500,000 into Bitconnect and currencies on the exchange with the help of a business loan. I planned to withdraw within a month or two. Now I cant access the funds to sell and the market crashed, I cannot pay for the business, my family needs the funds, I need help. Please for the sake of all that is good in the name of assistance, I need financial advice. This is the worst day and I feel like making $5,000,000 by gambling on the crypto market with another loan before its too late and the prices go up again (using another exchange). I cannot deal, please help and give advice.

https://www.reddit.com/r/Bitconnect/comments/7qxkgr/lost_my_life_savings_in_bitconnect/

Plz send money. I’m broooke

gary oldmans diary
Sep 26, 2005

Sammus posted:

Please help, I have invested over $500,000 into Bitconnect and currencies on the exchange with the help of a business loan. I planned to withdraw within a month or two. Now I cant access the funds to sell and the market crashed, I cannot pay for the business, my family needs the funds, I need help. Please for the sake of all that is good in the name of assistance, I need financial advice. This is the worst day and I feel like making $5,000,000 by gambling on the crypto market with another loan before its too late and the prices go up again (using another exchange). I cannot deal, please help and give advice.

https://www.reddit.com/r/Bitconnect/comments/7qxkgr/lost_my_life_savings_in_bitconnect/
i lost a bunch of money that i was loaned betting on bitcoin. please loan me more money so i can bet it on bitcoin :derp:

Moon Atari
Dec 26, 2010

Seeing all this greed and desperation and seediness upsets my delicate sensibilities. It is revolting and sad.

hailthefish
Oct 24, 2010

The most depressing part of this whole thing for me is seeing all these absolute loving morons who somehow ended up with serious amounts of money to throw into the giant dumpsterfire that is cryptocurrency.

Meanwhile I have $5 in my checking account.

:suicide:

gary oldmans diary
Sep 26, 2005
https://www.youtube.com/watch?v=x7DguSESwl8

EugeneJ
Feb 5, 2012

by FactsAreUseless

hailthefish posted:

The most depressing part of this whole thing for me is seeing all these absolute loving morons who somehow ended up with serious amounts of money to throw into the giant dumpsterfire that is cryptocurrency.

Meanwhile I have $5 in my checking account.

And what crippling addiction has left you broke today?

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lazorexplosion
Mar 19, 2016

lmao there are real people who were convinced they should put money into bitconnect because a teenage youtuber told them to in a video.

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