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Lmao boycott kimchi and make the Koreans pay.
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Jan 18, 2018 12:19
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some of these post not knowing what bankruptcy is.... 
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Jan 18, 2018 12:20
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Remember the good old days when people would lose their shirts on penny stocks
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Jan 18, 2018 12:26
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My new scam bitcoin/bitcoin? Two thirty something women, dressed in loose fitting linen with large hats, stroll leisurely around a botanical garden. Woman 1: I've been meaning to ask you where you're getting your money from after Fred passed. You look so good and happy. Woman 2: thanks friend. I found a new, natural, organic way to make money from home. *turns directly to camera* It's called HealthCoin. Scientists have discovered, through the magic of mathematics, a natural forked currency called the block chain. This wonderful discovery allows us to become wealthy with items you already have in your home. It's free to get started and you'll be enjoying your health coins and wealth the same day! And the best part is, it's based only off natural organic patterns found in some of the most essential math we know, like prime numbers and the Fibonacci sequence. There are no artificial sweeteners, no selling to clients, and no harmful extracting from the earth. Visit MyHealthCoin42.biz to get your free information presentation.
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Jan 18, 2018 12:27
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ilmucche posted:Is there actually anything that drives one coinbase to rise other than blind speculation? It seems like most of these aren't usable for purchases, and as such are all purely gambling based on what you think the market will do. Exchanges like Bithumb have turned this into part of their core business model; you give them $20k and they'll list any altcoin you want, at which point you just wash trade with yourself to draw in the bagholders
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Jan 18, 2018 12:37
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paternity suitor posted:I guess I'm a little confused when I read stuff like this, because you could just do highly levered options trading and it would be very possible to get 10,000% gains. This idea that Bitcoin is the one true way to make extremely risky best is weird. well yeah, but both the risk reward ratio and the profile of leveraged options vs this is...not very similar (for one thing, options either finish ITM or go to exactly zero), as is the experience level of your competition in BTC/alt markets vs. the average options trader. certainly, the risk of ruin for an options trader trying to make 10000% is well over 99%. that was clearly not the case for anyone trading crypto in 2017! it's very possible that the only reason bitcoin or any of the alts is worth > $1 is that regardless of how smart/stupid it may be, it's the first ever case of a market that the public found and exploited for years before smart money got involved. it is certainly the only large market in existence in the 21st century that isn't (yet) dominated by bots and hyperspeed arbitrage engines and might very well be the last one ever. like I said though, this is definitely the evil timeline so it's also totally possible that the only reason any of this worked is that there is a critical mass of people wearing moustaches in it
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Jan 18, 2018 13:07
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Andy Dufresne posted:The true "average" person has cashed out $0 because bitcoin didn't create any money along the way. For those who have pulled out more in dollars than they put in those dollars came from someone who did the opposite. It's even worse when you consider that a lot of the cash outs have been to cover electricity and mining hardware so they don't represent a windfall for that person. Bitcoin is a net money drain. That's a really misleading use of "average". Every time a hedge fund puts in $1B it effectively enables a thousand $1M cashouts. At the moment, because virtually all money put into the system until mid-2017 was the public's, the cashouts are being funded by a handful of very big institutions getting in and unless the bubble implodes right now they may well actually wind up being the biggest losers. Weep not for Goldman Sachs holding the bag.
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Jan 18, 2018 13:10
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Durzel posted:The more I read about people blowing loans and life savings on this poo poo, the more I think that it is entirely possible that its a ride that's never going to end. The people in a position to manipulate the market to their own end will continue to do so, and it'll regularly plunge down before creeping back up again. It could be a thing entirely supported by nothing else by the leveraged greed of woefully misguided people. Eventually there will be no suckers left to keep pumping more funds in. It will probably end up being one of the most enduring ponzi schemes ever because rather than being a single scheme it's more like an entire ponzi economy.
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Jan 18, 2018 13:51
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Hot Dog Day #91 posted:My new scam bitcoin/bitcoin? can I be your butler after you have acquired all of earth's wealth?
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Jan 18, 2018 14:08
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Needs more chakra and auras
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Jan 18, 2018 14:14
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Hot Dog Day #91 posted:My new scam bitcoin/bitcoin? .... brb
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Jan 18, 2018 14:40
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Adar posted:That's a really misleading use of "average". Every time a hedge fund puts in $1B it effectively enables a thousand $1M cashouts. At the moment, because virtually all money put into the system until mid-2017 was the public's, the cashouts are being funded by a handful of very big institutions getting in and unless the bubble implodes right now they may well actually wind up being the biggest losers. Weep not for Goldman Sachs holding the bag. What's your line of thinking here. The Winklevoss twins were probably the largest single holders, bought in early, and have certainly cashed out at a profit. I have a hard time believing that institutional investors were the largest buyers between 10 and 20k when that's the same time my waitress told me to buy bitcoin. Are there any press releases from the last month about large institutional buys?
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Jan 18, 2018 16:04
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Lmao BCC is up 420%
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Jan 18, 2018 16:06
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Drav posted:Bitcoin Savings & Trust, I like that! A good honest name. Bitcoin Investment & Trading Company Holding Executive Services
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Jan 18, 2018 16:07
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I'm super confused by this the kind of person who would make this meme is the kinda person who would make TLJ no SJW cut
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Jan 18, 2018 16:10
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Alan Smithee posted:I'm super confused by this
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Jan 18, 2018 16:19
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Andy Dufresne posted:What's your line of thinking here. The Winklevoss twins were probably the largest single holders, bought in early, and have certainly cashed out at a profit. I have a hard time believing that institutional investors were the largest buyers between 10 and 20k when that's the same time my waitress told me to buy bitcoin. Yeah, there have definitely been institutional investors of varying significance for years now. I can remember seeing articles about various financial institutes dedicating funds to cryptocurrency in virtually every bitcoin thread. If anything the last few months have gone quiet on such stories.
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Jan 18, 2018 16:24
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Uranium 235 posted:all women are replaced by bitcoins but all men are coins too fuuuuuck
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Jan 18, 2018 16:26
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Durzel posted:The more I read about people blowing loans and life savings on this poo poo, the more I think that it is entirely possible that its a ride that's never going to end. The people in a position to manipulate the market to their own end will continue to do so, and it'll regularly plunge down before creeping back up again. It could be a thing entirely supported by nothing else by the leveraged greed of woefully misguided people. Its not going away. Its gambling and as long as someone has money, its going to exist. I and probably others were around at the ground floor for Mt GOX and they were pumping $1 butts. If it is illegal, like gambling, people will go underground.
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Jan 18, 2018 16:28
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They laughed when I cashed out my Roth IRA and 401k Well, who's laughing now hahaha *Tries to order food at Weinershnitzel with bitcoins*
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Jan 18, 2018 16:30
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So i heard one of the topics to be discussed at the next G20 meeting in March will be the surge of cryptocurrencies I don't pretend to know poo poo about finance much less the cryptocurrency world, but isn't mass regulation the thing bittcoiners want o avoid the most? Would a state intervention in South Korea or China make the prices free fall?
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Jan 18, 2018 16:38
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The bohemian grove is all about crypto.
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Jan 18, 2018 16:40
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Personal_Nirvana posted:So i heard one of the topics to be discussed at the next G20 meeting in March will be the surge of cryptocurrencies
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Jan 18, 2018 16:45
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Personal_Nirvana posted:So i heard one of the topics to be discussed at the next G20 meeting in March will be the surge of cryptocurrencies An unregulated currency sounds like a disaster.
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Jan 18, 2018 16:45
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Personal_Nirvana posted:So i heard one of the topics to be discussed at the next G20 meeting in March will be the surge of cryptocurrencies
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Jan 18, 2018 16:47
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Andy Dufresne posted:What's your line of thinking here. The Winklevoss twins were probably the largest single holders, bought in early, and have certainly cashed out at a profit. I have a hard time believing that institutional investors were the largest buyers between 10 and 20k when that's the same time my waitress told me to buy bitcoin. In the last twelve months there have been hundreds of new crypto funds opened. You won't hear about them because the amount of money being thrown at them means they don't have to be public and in fact most prefer not to be. The bulk of that money is coming in from oligarchs, people whose day job is running hedge funds, and HNW family offices. I doubt most of them are actively trading and virtually none are on exchanges (this is what OTC desks are for) but they've been on the buy side in bulk for many months. Similarly, as ICOs have replaced IPOs, all the VCs are effectively being turned into crypto traders whether they like it or not. Like I said, every time Mike Novogratz buys $100m for a client, it pays for 100 millionaire waitresses. In fact if the bubble lasts through a sizable part of this year and keeps inflating a bit more there's a really good chance that it becomes the first time in history more millionaires are created through a bubble than destroyed. (Honestly, I wouldn't bet on it because humans are Really Dumb about when to cash out, but I feel like the number of early adopters who have *already* cashed out for seven figs is high enough to make it plausible)
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Jan 18, 2018 16:52
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There Bias Two posted:An unregulated currency sounds like a disaster. This should be the thread title. Buttcoin : a diaster. Starring The blockchain.
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Jan 18, 2018 16:52
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What are the odds that all these ICOs are just in the open money laundering facilities?
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Jan 18, 2018 16:58
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Adar posted:In the last twelve months there have been hundreds of new crypto funds opened. You won't hear about them because the amount of money being thrown at them means they don't have to be public and in fact most prefer not to be. This sounds like the type of bullshit you read on conspiracy forums.
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Jan 18, 2018 16:59
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Jan 18, 2018 17:03
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https://twitter.com/BTCUniversityS/status/954005633073782784
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Jan 18, 2018 17:08
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Personal_Nirvana posted:So i heard one of the topics to be discussed at the next G20 meeting in March will be the surge of cryptocurrencies The G20 will probably decide to ban anonymous crypto and a bunch of associated shadier things while regulating exchanges similarly to what Korea wants to do. There's no prospect of an agreement on anything harsher with Japan, Korea and Russia as members. With that kind of deal I would expect an initial dive down followed by up up up as everyone reaches widespread consensus that this too is great for bitcoin. Monero will also dive down followed by surging 1000% as everyone reaches consensus that being banned is great for Monero. Most of the tokens won't care at all either way after the initial waves. In short, the bubble will continue until it doesn't.
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Jan 18, 2018 17:08
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malware is taking over mining installations This is good for Bitcoin
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Jan 18, 2018 17:08
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Fame Douglas posted:This sounds like the type of bullshit you read on conspiracy forums. OK
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Jan 18, 2018 17:09
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Fame Douglas posted:This sounds like the type of bullshit you read on conspiracy forums. Yeah, I guess I really have no idea whose money is going in and whose money is going out. Adar's response sounds plausible but it's also total speculation. Without access to internal exchange information I wonder how we would have any idea whether any oligarchs have spent a billion on crypto. My spidey sense is tingling. I do know that ICOs replacing IPOs is bullshit.
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Jan 18, 2018 17:12
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It's insane poo poo like this that I quit working at discount brokerage. You have an opportunity cost, otherwise you're telling me fish stories.
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Jan 18, 2018 17:13
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http://bitguru.co.uk/the-mavs-say-yes-to-cryptocurrencies/ The Dallas Mavericks Say Yes to Cryptocurrencies All the new investors that are stepping into the crypto markets are wondering why the sky is falling all around them when they expected to go straight to the moon. While everyone is bracing for a rough couple of days, others are still bullish. Mark Cuban, the controversial and outspoken owner of the Dallas Mavericks, business maven, and billionaire, has announced via Twitter, that the Dallas Mavericks will be accepting the digital currencies of Bitcoin and Ether by next season. By next season? Why would he announce that they will accept the currencies by next season when we’re seeing the flood of blood across the market? It seems that Mark Cuban is taking a long view on the market and may have different expectations. The acceptance announcement Within a short time frame, the Dallas Mavericks are expected to become an NBA franchise that will accept the emerging blockchain based cryptocurrencies, Ethereum and Bitcoin. The owner of the Dallas Mavericks, Mark Cuban, has noted that his team, will be one of the first in the professional basketball and sports setting to accept these virtual currencies. Mark Cuban made this announcement via Twitter when a user named Batman Cash asked him when his organization would start accepting the currency. Batman Cash@13ac0n_ Replying to @mcuban Mark, when will I be able to purchase Mavs tickets with bitcoin? Mark Cuban ✔@mcuban Next season. 9:18 PM – Jan 15, 2018
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Jan 18, 2018 17:16
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I'll just say this: It's a sensational claim that professional investors have been the big losers and /r/bitcoin posters have been the big winners in this bubble. Sensational claims require sensational proof and all that.
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Jan 18, 2018 17:17
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https://twitter.com/tetherprinter/status/954025966124216320 More chuck-e-cheese tokens being printed
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Jan 18, 2018 17:22
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How is this not applying inflationary pressure on the....wait a cotton picking minute!
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Jan 18, 2018 17:40
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