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orange sky posted:Love to have my currency swing hundreds of dollars wildly in a few minutes It’s basically like using silver bullion as your currency. Week to week swings of 10% are the norm.
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Jan 30, 2018 19:38
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Moxxis Endowment posted:
art
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Jan 30, 2018 19:38
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Lote posted:This news was coming. I don’t really see why people are so gung ho about holding. Even true believers can see that there’s not going to be much good news on the horizon. So why not sell now and rebuy lower? The answer to this for bag holders is that if they have a lot of profit on paper they still won't sell because they don't think things will get as cheap as when they originally bought in. So in their minds it isn't selling something you bought for ten cents at a dollar and making 90 cents profit per coin. It's having to potentially buy the coins again at 20 or 30 cents to rebuild the same position and why bother since you got them at ten cents. If you cash out your profit and rebuy then 20-30 cents means you have less than half the coins you originally did for when they go to $10 per coin. It's ignoring real acquired profits for the potential for more future profits regardless of how bad the market seems. "True Believer" behavior basically since it's lunacy. VictorianQueerLit fucked around with this message at 19:49 on Jan 30, 2018 |
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Jan 30, 2018 19:38
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Siamang posted:Gdax is strangely relaxing to watch for a couple of minutes at a time. Holy poo poo you're right, I was watching it for a few moments and all of a sudden the entire screen is red and it fell from $10040 to like $9970. It's like a lava lamp of broken dreams  https://www.gdax.com/trade/BTC-USD *edit: And then it stopped? "partially degraded service" wtf? *edit2: this is super cool. There's a huge buywall at $9950 being eaten up right now
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Jan 30, 2018 19:39
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Why isn't that Tether CEO in Honduras or some eastern bloc state by now? Gonna be hard to run now.
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Jan 30, 2018 19:40
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orange sky posted:here we go, it's crashing Nephzinho posted:Watching BTC ticker in real time is hysterical, blowing through large volume at pretty much every round number. orange sky posted:watching it in real time in gdax is hilarious Ummmm were you guys imagining things or...
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Jan 30, 2018 19:41
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it's under 9.9 right now start a timer
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Jan 30, 2018 19:43
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Ham Sandwiches posted:Ummmm were you guys imagining things or... It went down a shitload really fast but then they brought it back up again
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Jan 30, 2018 19:43
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Ham Sandwiches posted:Ummmm were you guys imagining things or... 9,855.01 USD Last trade price -11.90% 24 hour price
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Jan 30, 2018 19:43
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9850 dang. What is it Sean Hannity likes to say? "Tick tock"
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Jan 30, 2018 19:43
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9895.. oh poo poo I may have hosed up lol. Starts clock for 60 minutes
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Jan 30, 2018 19:43
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Burt Sexual posted:Why isn't that Tether CEO in Honduras or some eastern bloc state by now? Gonna be hard to run now. The Tether CEO was outed in leaked paradise papers and has been running offshore scams all his life. He's not getting caught in the U.S. when there are actual criminal charges, he's not a dumbass. Investigations take a lot of time. True believers though somehow think he's qualified to back their dreams with billions of USD.
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Jan 30, 2018 19:44
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Moxxis Endowment posted:9895.. oh poo poo I may have hosed up lol. Starts clock for 60 minutes i agree, twitch user fenrue. today is a good day to die.
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Jan 30, 2018 19:45
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Transactions of tenth/whole coins selling it down with sales of thousandths trying to float it up, not hard to see which way momentum is heading.
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Jan 30, 2018 19:45
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Rad Russian posted:The Tether CEO was outed in leaked paradise papers and has been running scams all his life. He's not getting caught in the U.S. when there are actual criminal charges, he's not a dumbass. True believers though somehow think he's qualified to back their dreams with billions of USD. So he's just gonna blow off the subpoena? And continue operating?
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Jan 30, 2018 19:46
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QuarkJets posted:This is the kind of post I was referring to the other day when I said that the real hardcore bitcoin evangelists seem to actually just hate everyone else. It's really weird and somewhat cult-like behavior Honestly at this point a huge portion of bitcoiners are essentially economic cluster Narrativists. Bitcoin is their God-Force, they are The Elect because of their obedience to the dictates of the God-Force, nocoiners are the Sheeple that The-Elect will someday rule over, and that glorious day will come when The Enemy of fiat currency has been vanquished. Its basically a cult at this point- one that just so happens to make its adherents unusually good marks for financial exploitation (even by cult standards). Prester Jane fucked around with this message at 19:50 on Jan 30, 2018 |
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Jan 30, 2018 19:46
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someone who is good at the economy please help me
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Jan 30, 2018 19:46
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9905 YES!!! SUCK IT that was only 2 mins 30 secs
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Jan 30, 2018 19:47
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And up up UP it goes. Oh well, back to work.
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Jan 30, 2018 19:47
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Burt Sexual posted:So he's just gonna blow off the subpoena? And continue operating? I guess so, they don't have any U.S. based operations as far as I know. Although supposedly one of their banks is in Poland which U.S. can easily pressure to get info on, but again that's not as quick as investigating U.S. based ponzi that has money in U.S. bank accounts.
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Jan 30, 2018 19:47
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10k is such a huge psychological level that every time it breaks, in either direction, there is massive pressure to prop it up or down. It's not as simple as 'oh in this 5 minutes that I've been watching all the action has been sells'. For one thing, there're a truckload more shorts that entered the market this week (looks like the news had leaked early) and a lot of people with massive bankrolls have a lot of incentives to counter-intuitively push the price *up* so all the under-collaterized shorts get forcibly liquidated and free the longs up to sell higher.
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Jan 30, 2018 19:50
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i just told my students bitcoin is crashing. most said what is it. some said a scam. another said he bought $500 worth and lost $300.
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Jan 30, 2018 19:51
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Burt Sexual posted:So he's just gonna blow off the subpoena? And continue operating? Maybe! It's also possible they respond to it and nothing happens for six more months because Lady Justice is slow, possible they shut down on the spot and exit scam...lots of possibilities, really. The only total impossibility is that they have legitimately obtained 2b USD sitting in an account because lol no.
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Jan 30, 2018 19:52
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Adar posted:Maybe! It's also possible they respond to it and nothing happens for six more months because Lady Justice is slow, possible they shut down on the spot and exit scam...lots of possibilities, really. I hope they get 'hacked', the best comedy option really.
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Jan 30, 2018 19:53
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Moxxis Endowment posted:All i see is Bitcoin holding strong at 10k, stop FUDing you lousy FUDsters. If Bitcoin is supposed to be money, it is a complete and utter failure. He's not commenting on how you can use it for speculation. It seems that an obsession with the technical details precludes people from seeing the big picture (which is failure - and fine, as Bitcoin was never meant to be anything more than an interesting demo.)
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Jan 30, 2018 19:54
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bitfinex is based in hong kong, they will wipe their rear end with your usd fiat scam corrupt subpoena
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Jan 30, 2018 19:54
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From the Discord chat: this is some sort of US-government orchestrated plot to push down crypto so they can buy it all up.
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Jan 30, 2018 19:54
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Katana Gomai posted:*edit2: this is super cool. There's a huge buywall at $9950 being eaten up right now I think I know whose money that is
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Jan 30, 2018 19:55
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drat this market is crazy
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Jan 30, 2018 19:56
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Adar posted:Maybe! It's also possible they respond to it and nothing happens for six more months because Lady Justice is slow, possible they shut down on the spot and exit scam...lots of possibilities, really. Tether/Bitfinex's only known account is a tiny cooperative Polish farmer's bank that had something like $10 million USD in total assets prior to this business arrangement. I keep imagining them stuffing $2B USD into their tiny vault in a remote Polish village somewhere. Poor guys. However Tether/Bitfinex runs all their money through Panama registered shell companies (those were disclosed) so good luck getting any money back if they decide to liquidate everything. Mt. Gox also housed all their money in a tiny Polish bank FYI, so it's all very legit. Rad Russian fucked around with this message at 20:00 on Jan 30, 2018 |
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Jan 30, 2018 19:57
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Moxxis Endowment posted:9905 YES!!! SUCK IT that was only 2 mins 30 secs lol there's a 50 BTC buywall in both directions at $9900.01 now *edit: aaaand it's gone. Your clock is at 57'30"
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Jan 30, 2018 20:04
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Katana Gomai posted:lol there's a 50 BTC buywall in both directions at $9900.01 now I see $9,900.00-$9,900.01 for the last minute But now under as of this post time
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Jan 30, 2018 20:05
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Someone should figure out which trading bots have which puts and make the curve draw a dick
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Jan 30, 2018 20:07
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Moxxis Endowment posted:9905 YES!!! SUCK IT that was only 2 mins 30 secs The Vengeful Ghost of AlphaMayo haunts yeee
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Jan 30, 2018 20:07
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Never did specify one continuous hour 
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Jan 30, 2018 20:07
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quote:We need a sort of "Down For Everyone Or Just Me" for Bitcoin. As in: Is Bitcoin crashing or is the whole currency market just taking a nap right now? (self.Bitcoin) 
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Jan 30, 2018 20:07
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"currency"
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Jan 30, 2018 20:09
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i like when the number goes down
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Jan 30, 2018 20:09
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RESTART THE TIMER
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Jan 30, 2018 20:09
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I'm seeing $9840
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Jan 30, 2018 20:10
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