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Lote posted:So there’s no way to predict how big of a crash it will be? That's what I am thinking. At some point people will stop buying. But it will be in phases as the believers buy a bunch. I'd buy 10 of them once it gets to $10. Maybe. But there are a number of people who will buy tons of them at many higher points.
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Jan 17, 2018 16:16
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Uranium 235 posted:not a true believer, just a cynical speculative trader So you've had a 100% return. It don't count until you're holding that filthy filthy fiat.
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Jan 17, 2018 16:16
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Moxxis Endowment posted:Demand for the commodity. It really is that simple.
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Jan 17, 2018 16:16
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fyi now is when you really buy in
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Jan 17, 2018 16:18
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lazorexplosion posted:It did actually get through 10k yesterday Oh then It Is Happening
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Jan 17, 2018 16:19
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Waltzing Along posted:Climbing again. Is this idiots who are just getting to the office seeing it is low so they are buying? Partly true believers getting "50% sale" price coins Partly arbitrage buying at the lowest current exchange and trying to sell at a slower moving exchange before it corrects Partly speculators trying to catch the knife and offload after a minor recovery Partly naive fools who bought at 17-19k and are trying to lower their average
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Jan 17, 2018 16:22
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Lote posted:So there’s no way to predict how big of a crash it will be? yeah no poo poo, welcome to investing. If you could consistently predict when or how far something is going to drop you would have all the moneys. On a small scale you can somewhat consistently judge what's going to happen in the next few minutes based on order activity (this is what quants and day traders etc. are doing) but even the best of them would not be able to tell you "oh this is going to be a 30% drop by the time all is said and done."
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Jan 17, 2018 16:23
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temple posted:fyi now is when you really buy in Virtual hot potato.
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Jan 17, 2018 16:24
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Jan 17, 2018 16:24
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Would you say it's impossible for certain kinds of people to ever have gotten rich from this? Like, I can look at myself and think "man I should've bought when I'd heard of it and sold at 20k." however knowing myself I would've only bought a handfull back when it was only $10 and sold when it reached a magical round number of $100. So a wealthy man I would never become due to my cautious nature. On the other side of the fence, there are now a lot of fanatical bag holders who could've gotten rich if they cashed out, however they are the blind believers who never would've cashed out no matter what high it hit and thus could never become rich either.
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Jan 17, 2018 16:25
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paternity suitor posted:Oh then It Is Happening It's at 9.3k right now
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Jan 17, 2018 16:25
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Lote posted:So there’s no way to predict how big of a crash it will be? I mean the only real way is to look hard at the underlying value of the asset. (The underlying asset is bitcoin lmao)
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Jan 17, 2018 16:27
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I've set a limit order for 20,000 bitcoins when it hits a penny; I don't want to miss out on the future.
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Jan 17, 2018 16:28
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Darth TNT posted:Would you say it's impossible for certain kinds of people to ever have gotten rich from this? There are always people that make money in a bubble but Bitcoin was obviously fundamentally broken from the beginning so it’s best just not to touch something you know will fail than hope you are the lucky one.
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Jan 17, 2018 16:29
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under $9200 now.
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Jan 17, 2018 16:31
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Straight White Shark posted:yeah no poo poo, welcome to investing. You say this like bitcoin mirrors a traditional investment, it doesn't. For those in the thread who have made a profit in dollars there are necessarily people on the other side but surprisingly they don't want to post their results.
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Jan 17, 2018 16:31
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lmao there's all these holders who are like 'I'm going to delete delta an not look at the price for a while'. Smart money always stops paying attention to big market movements! I bet they also have no stop loss either.
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Jan 17, 2018 16:31
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I think we will see the thread title true again before the end of the week.
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Jan 17, 2018 16:31
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Gandalf's back https://www.twitch.tv/cryptoworldnews
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Jan 17, 2018 16:31
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Which exchanges allow margin? And how much do they allow?
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Jan 17, 2018 16:33
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Jymmybob posted:Don't forget to watch https://twitter.com/bitmexrekt?lang=en So I have a non-quantitative job and dump my retirement savings into a bunch of index funds - could someone please explain what this is showing and how?
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Jan 17, 2018 16:33
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9100 on GDAX 
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Jan 17, 2018 16:35
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It hit close to going under $9000 on GDAX but then some jerk bounced it up to $9300
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Jan 17, 2018 16:37
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wilderthanmild posted:I think we will see the thread title true again before the end of the week. If it does, I'll ask a mod to edit the title to WTF! x2
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Jan 17, 2018 16:37
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Delthalaz posted:So I have a non-quantitative job and dump my retirement savings into a bunch of index funds - could someone please explain what this is showing and how? Mental illness.
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Jan 17, 2018 16:37
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WalletBeef posted:9100 on GDAX Yeah it keeps popping back up but it doesn't last. Mods can we namechange to IT'S UNDER NINE THOUSAND
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Jan 17, 2018 16:38
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the slide stopped, boo. im guessing some more fake money made its way into the other fake money.
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Jan 17, 2018 16:38
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Pixelponny posted:Gandalf's back "You shall not sell!"
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Jan 17, 2018 16:39
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Trig Discipline posted:Yeah it keeps popping back up but it doesn't last.
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Jan 17, 2018 16:39
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I'm looking forward to when the thread title is accurate again but the meaning is different
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Jan 17, 2018 16:40
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Trig Discipline posted:Mods can we namechange to IT'S UNDER NINE THOUSAND
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Jan 17, 2018 16:43
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ALFbrot posted:I'm looking forward to when the thread title is accurate again but the meaning is different This. Please don't change it mods.
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Jan 17, 2018 16:44
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bitcoinity stopped refreshing. have to press f5. weird.
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Jan 17, 2018 16:46
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Pixelponny posted:Gandalf's back UK Goons, is this what a sperglord sounds like there?
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Jan 17, 2018 16:48
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I'm going to make a new coin called ScamCoin, priced at $1,000 per ScamCoin, with the promise to buy them back for $10,000 if bitcoin crashes below $1,000.
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Jan 17, 2018 16:50
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so what price is "the moon" anyway?????
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Jan 17, 2018 16:51
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At what point are you guys gonna start dumping your life savings in? I'm thinking $4k personally
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Jan 17, 2018 16:52
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Jesus christ they say HODL as "Hoddle" gently caress me that's cringey. Just say "hold" you weird fucks Edit: The twitch streamer folks I mean
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Jan 17, 2018 16:53
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Konar posted:Jesus christ they say HODL as "Hoddle" gently caress me that's cringey. It's a meme, you see.
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Jan 17, 2018 16:54
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smoobles posted:At what point are you guys gonna start dumping your life savings in? I'm thinking $4k personally
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