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Moxxis Endowment posted:These are the "revolutionaries" we're supposed to be afraid of: So what’s the story with the tats? Are they bitcoin-related?
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Jan 24, 2018 04:45
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lazorexplosion posted:I have carefully considered whether or not to throw my money into the internet thunderdome where libertarians battle scammers. Why would they battle themselves?
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Jan 24, 2018 04:47
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Delthalaz posted:So what’s the story with the tats? Are they bitcoin-related?
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Jan 24, 2018 04:49
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Regrettable posted:Why would they battle themselves? they beat themselves off over buttcoin
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Jan 24, 2018 04:53
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Quick update: my 2 bux in bitcoin cash was all wiped out at the online bitcoin casino. I bet it all and lost. Thus ends my dealings with cryptocurrency, i think
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Jan 24, 2018 05:04
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I know I said I was going to leave the poop, but I figured out the last piece of the puzzle. How do you convert Tether to USD and not get stuck with Bitcoins? Shorting Futures contracts. CBOE Bitcoin Futures Trading posted:http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures/contract-specifications Hmm 2:45PM Chicago Time two days prior to 3rd Friday of the month? When was that for January?  Now what happened in the 3 days prior to that? Oh yeah, Bitcoin crashed. So what is coming up? CME: Bitcoin Futures Trading posted:http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_contract_specifications.html Bitcoin will crash by 1/26/2018 4:00PM GMT. Alpha Mayo fucked around with this message at 05:11 on Jan 24, 2018 |
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Jan 24, 2018 05:09
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Also it needs time to crash so I expect it to start very soon.
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Jan 24, 2018 05:13
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Alpha Mayo posted:Bitcoin will crash by 1/26/2018 4:00PM GMT.
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Jan 24, 2018 05:13
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Is the volume of bitcoin futures public? How much are we talking here?
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Jan 24, 2018 05:15
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If you're wrong you have to give me your bitcoins okay
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Jan 24, 2018 05:15
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Delthalaz posted:So what’s the story with the tats? Are they bitcoin-related? They're from some 37 year old's PoF profile. That's a pretty hard late twenties face. It's just a larp.
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Jan 24, 2018 05:16
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Moxxis Endowment posted:I'll take that bet. I say Bitcoin won't dip below 9.5k for more than an hour at any time in the next week. ok but u lose if tethers are printed
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Jan 24, 2018 05:17
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Moxxis Endowment posted:A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game) is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities or profit of financial trading. FYI bitcoiners invented the term "honest ponzi" to describe any ponzi scheme that's allowed to collapse naturally, implying that a ponzi scheme doesn't have to be fraudulent (although they often are) Ham Sandwiches posted:You can be broke and post about bitcoin all you want, but it's not cool if you have money. Then it's suddenly bad. This but unironically; give me $1.5M and I'm going to start surfing every day (instead of merely some days), not waste time posting on some dead gay forums. Moxxis my friend posting in this thread instead of moving to Hawaii and becoming a pro surfer is a bad life choice on your part. Arguably that applies to all of us but you could actually afford to do it so you should. Moxxis Endowment posted:See how toxic these desperate nocoiners have become? Imagine what they'll be like when bitcoin hits 50k each. They'll probably be doxxing and using death threats. Either you're aware that bitcoiners have done this exact thing on the regular throughout bitcoin's history or you're not, but it's funny either way so CYOA: A) lol nice B) lol
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Jan 24, 2018 06:50
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nocoiners are ironically part of the greatest ponzi scheme of them all, the usd dollar
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Jan 24, 2018 07:07
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Life itself is a giant ponzi. Early on you have all these hopes and dreams, and in the end you're worth nothing.
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Jan 24, 2018 07:13
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Rad Russian posted:Life itself is a giant ponzi. Early on you have all these hopes and dreams, and in the end you're worth nothing.
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Jan 24, 2018 07:57
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http://www.cmegroup.com/rulebook/CME/IV/350/350.pdf Interesting stuff in the Price Limits section. They are similar to circuit breakers in NYSE. At 7%, trading is halted for 2 minutes At 13%, trading is halted for 2 minutes At 20%, trading is NOT halted, but trades below the 20% limit may not occur. So lets say the previous closing price of Bitcoin is $10000. If Bitcoin drops to $7000, trading is allowed to continue, but the contract price used for Bitcoin will be $8000. Even if Bitcoin dropped to $5000, it would be limited to $8000. On the Final date for a monthly futures contract (Jan 26th for January), price limits do NOT apply. So if the price did crash to $4000, Futures can use that price. So when the price crashes, there will be a lot of appeal to purchase futures at a very low price (except for the Bitfinex team, who would never want to actually buy futures because they already have too many Bitcoins). Also, I don't think they are planning to exit after close. Being able to control Bitcoin prices long term (by holding both a ton of Tether, and a ton of Bitcoins), allows them to continually make shitloads of real money. In that position, you'd want to continue the game for as long as you can. And since there are two different Futures exchanges (CME and CBOE), with different settlement dates, you have twice as many money making opportunities. Due to this, I expect that after the crash near the settlement time, there would be a rally upwards, maybe even to new highs > 19K, so that more contracts can be Sold by them at high prices for both CME and CBOE. Followed by another crash near February 17th. The hardest thing about this of course is keeping the price near 19K. That will take a lot of Tether, or new investors coming in. Alpha Mayo fucked around with this message at 08:09 on Jan 24, 2018 |
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Jan 24, 2018 08:04
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Alpha Mayo posted:Due to this, I expect that after the crash near the settlement time, there would be a rally upwards, maybe even to new highs > 19K, so that more contracts can be Sold by them at high prices for both CME and CBOE. Followed by another crash near February 17th. The hardest thing about this of course is keeping the price near 19K. That will take a lot of Tether, or new investors coming in.
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Jan 24, 2018 08:16
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Alpha Mayo posted:I know I said I was going to leave the poop, but I figured out the last piece of the puzzle. How do you convert Tether to USD and not get stuck with Bitcoins? Shorting Futures contracts. ok so yeah the timing is interesting, and many people have said this over the past week, but why is bitcoin crashing when the short contracts expire? are you saying the price is being manipulated to lower price for the shorting? what is the answer to someone who asked about the volume of these things... is it a lot? zaurg fucked around with this message at 08:19 on Jan 24, 2018 |
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Jan 24, 2018 08:17
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this might become the singularity of toxicity: esports meets crypto currencies https://twitter.com/Esports_News_UK/status/953627973307064325
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Jan 24, 2018 08:59
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Alpha Mayo posted:Due to this, I expect that after the crash near the settlement time, there would be a rally upwards, maybe even to new highs > 19K, so that more contracts can be Sold by them at high prices for both CME and CBOE. Followed by another crash near February 17th. The hardest thing about this of course is keeping the price near 19K. That will take a lot of Tether, or new investors coming in. I like this part. We need either real money or fake money! 
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Jan 24, 2018 09:34
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ghosTTy posted:nocoiners are ironically part of the greatest ponzi scheme of them all, the usd dollar If you think that USD is a ponzi scheme then isn't bitcoin definitely one?
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Jan 24, 2018 10:09
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How much butt could a buttcoin coin if a buttcoin could coin butt?
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Jan 24, 2018 10:23
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Very interesting round table discussion in the Netherlands parliament with companies and regulators. Live now, but you can watch it afterwards as well. Dutch speakers only unfortunately. https://www.tweedekamer.nl/debat_en_vergadering/commissievergaderingen/details?id=2017A04360
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Jan 24, 2018 10:25
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I love this busted broken scam currency. It represents no real economic worth and is used solely to speculate and make USD.
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Jan 24, 2018 10:28
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idk where people expect all the money for their future millions to come from. more people buying in to the thing that has already burned lots of people and spawned countless scams and clones?
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Jan 24, 2018 10:33
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So, long story short, I started trading a year ago, been margin longing the whole run from 1k to 19k ( sometimes closing the top, sometimes closing too early or too late, but always making profit) I turned 3 lowly btc which I had from playing poker (at the time 3k) into nearly 200 BTC which was almost 4 million at the top and would be 2 million at current prices. I thought I was a trading genius, a god, whatever. Anyway, this is where the sadness starts. After the dump from 19k to 11k I went long at the bottom, and kept adding to my position on the bounce to 12k 13k, 14k. Then, at the 16k dead cat, my position was a further 100 BTC in profit. Instead of closing then and having a total 300 BTC, I increased leverage and increased my position size. This entire position was liquadated on the drop back to 12k, because my entry had moved up so much. I lost 100 btc paper profit and nearly 50 BTC margin. I was devasted, and down to 150 BTC total. After evaluating the situation, I came to the conclusion that the pump to 16k was a dead cat and that we are going lower. Therefore I shorted. At 12k. Added at 13k. Added at 14 and 15k. Got liquidated at the top at 17k. Another 50 BTC loss. Down to 100. Think, ok we made a higher high at 17k, uptrend back on. Went long. Got liquidated at 13k. 50 BTC left. Devastated, unsure, no clue whats going on. Sat through the drop to 9k, when we bounced I thought it could be the bottom. Longed at 11500, panic closed 10500. When we went to 13k I was kicking myself for panic closing, went long at 12800. Liquidated this morning for my last bitcoin. 3 BTC to 200, to 0 At this time I am still in shock, the last few months Ive neglected relationships and school, and Ive been daydreaming about living the high life rich as gently caress with my millions. Now, I am nowhere. Posting this so others dont gamble away life changing money. Dont want donations or tips not posting an address dont PM me. I never want to hear the word btc again because I want to forget https://www.reddit.com/r/BitcoinMarkets/comments/7s8umm/how_i_lost_nearly_200_btc_trading_this_past_month/
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Jan 24, 2018 10:54
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junan_paalla posted:idk where people expect all the money for their future millions to come from. more people buying in to the thing that has already burned lots of people and spawned countless scams and clones? the way buttcoiners used to explain it in /r/bitcoin was that if you take the GDP of the entire world and then divide it by 21 million then that's the real price of 1 bitcoin no I'm serious some people seriously thought this was reasonable and were buying bitcoins on that basis, and they probably still do
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Jan 24, 2018 10:56
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lazorexplosion posted:So, long story short, I started trading a year ago, been margin longing the whole run from 1k to 19k ( sometimes closing the top, sometimes closing too early or too late, but always making profit) posts like this one help to illustrate why the gambling comparison is so apt. It's easy for us (and the guy himself) to look back and think "poo poo dude why wouldn't you at least start pulling out huge amounts of cash by the time you were pushing $100k+ in profit", but people are notorious for getting greedy and riding a hot streak into oblivion This guy wasn't making sound, well-informed investment decisions he was just hoping to make a quick buck, got lucky in doing that, and then finally got too greedy and lost it all
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Jan 24, 2018 11:02
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QuarkJets posted:the way buttcoiners used to explain it in /r/bitcoin was that if you take the GDP of the entire world and then divide it by 21 million then that's the real price of 1 bitcoin
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Jan 24, 2018 11:02
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Nessus posted:Now is that the GDP now, the GDP in the lolbertarian future where we all have huge amounts of wealth because of the removal of taxation, or the actual GDP after decades of crippling economic deflation at best? they were just taking the GDP at that time presumably the future value would be $Texas since after the US government collapses (thanks to bitcoin) we'll all be super-rich and immortal and poo poo
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Jan 24, 2018 11:04
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QuarkJets posted:they were just taking the GDP at that time presumably the future value would be $Texas since after the US government collapses (thanks to bitcoin) we'll all be super-rich and immortal and poo poo
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Jan 24, 2018 11:12
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QuarkJets posted:posts like this one help to illustrate why the gambling comparison is so apt. It's easy for us (and the guy himself) to look back and think "poo poo dude why wouldn't you at least start pulling out huge amounts of cash by the time you were pushing $100k+ in profit", but people are notorious for getting greedy and riding a hot streak into oblivion As far as I am aware it's still very hard to pull out big chunks of bitcoin. Everyone I have ever talked to, irl or online, has only realised small portions of their total profit OR has been pulling money out for weeks Again, this is why bitcoin is idiotic even as a speculative investment
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Jan 24, 2018 11:15
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QuarkJets posted:if you take the GDP of the entire world and then divide it by 21 million ...... https://www.youtube.com/watch?v=e6LOWKVq5sQ
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Jan 24, 2018 11:16
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klafbang posted:How much butt could a buttcoin coin if a buttcoin could coin butt? Beavis and Buttcoin
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Jan 24, 2018 11:54
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QuarkJets posted:posts like this one help to illustrate why the gambling comparison is so apt. It's easy for us (and the guy himself) to look back and think "poo poo dude why wouldn't you at least start pulling out huge amounts of cash by the time you were pushing $100k+ in profit", but people are notorious for getting greedy and riding a hot streak into oblivion but its obviously fake! Everyone is getting rich except for nocoiners. I am posting from my lambo right now. I don't understand how foolish goons can fall for such an obvious troll trying to stop you from owning the currency of the future. I have over 1M in my bank account and I still hold 300 btc and I'm not letting those bad boys go until we finally overthrow the corrupt fiat enabled banking regime and replace it with good honest blockchain technology. It is so obvious that it's FUD I can't even believe that people would fall for such bullshit. Honestly just buy some loving bitcoins and shut up you fools!!
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Jan 24, 2018 11:57
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also johnny bcash has been hesitant to post his newest single but i figure someone might enjoy it if they're as hopelessly lame as me Johnny Bcash - Bitcoin dipping blues adapted from https://www.youtube.com/watch?v=_Xyp63MaSBs I hear the panic sellers comin' they rolling round in bed And I ain't seen the sunshine since I don't know when I'm stuck with bitcoin dipping, and red candles keeps draggin' on But that exchange keeps a rollin' on down to BIIIITCOOOOOONNNNEEEE When I was just a nocoiner a subreddit told me Son Always buy the dips, and don't ever play with alts But I sold to a man for Renocoin just to watch it fly When I hear that bitcoin gained a thousand by, I hang my head and cry I bet there's rich folks eating in a fancy lamborghini car They're probably drinkin' kool-aide and smoking big cigars Well I know I had it coming, I know fiat freedom can't be free But those coins keep a dippin' And that's what tortures me Well if they freed me from this prison If that tether printer was mine I bet I'd print more money and kick the can farther down the line Far from nocoiner prison, that's where I want to stay And I'd let that lonesome whistle close the exchange each day Rock Puncher fucked around with this message at 12:06 on Jan 24, 2018 |
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Jan 24, 2018 12:04
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Rock Puncher posted:but its obviously fake! Everyone is getting rich except for nocoiners. I am posting from my lambo right now. I don't understand how foolish goons can fall for such an obvious troll trying to stop you from owning the currency of the future. I like a good fakepost like yours as much as the next guy but seriously, the technology underlying bitcoin is trash and it's shocking that so many people "investing" in it don't realize that or honestly think it's the greatest
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Jan 24, 2018 12:47
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e: nm, I think I misinterpreted something
Trig Discipline fucked around with this message at 13:21 on Jan 24, 2018 |
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Jan 24, 2018 12:59
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QuarkJets posted:This but unironically; give me $1.5M and I'm going to start surfing every day (instead of merely some days), not waste time posting on some dead gay forums. Truer words have never been spoken on these here forums. In fact, this is so true I expect Lowtax to find the post and realize that it's time to close the forums. All that will be left are these words.
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Jan 24, 2018 13:27
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