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insidius posted:I ended up accidentally seriously talking to a guy on that discord about not killing himself. Why? People killing themselves is great! We have far too many people in the world and people utterly destroying themselves through stupidity is good
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Feb 6, 2018 11:19
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| # ? May 30, 2024 18:19 |
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I am not actually happy to see people worried about losing their shirt. This isn't really a surprise, but it's still sad. 
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Feb 6, 2018 11:27
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Waffle House posted:I am not actually happy to see people worried about losing their shirt. This isn't really a surprise, but it's still sad. it sucks but a lesson learned has value
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Feb 6, 2018 11:37
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Feb 6, 2018 11:38
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WTF!
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Feb 6, 2018 11:43
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The thread had like 15 pages of updates today so I skimmed through them and copied time predictions for $6k. It's interesting how quickly the predictions converged on "oh poo poo thread title is imminent isn't it"Sneaky Wombat posted:I am intrested to see how the "used" 1070's go. My bet is those cards will break real fast for people getting them but I'm not 100% on that. Also, my bet is buttcoin will be at 6k around 2/23 Uranium 235 posted:no but it could get down there in the next few days slidebite posted:I like this one lazorexplosion posted:It's a fair old hill to get to the fives. Could be a bit of a wait for that milestone. A whole 3 hours after that last post we were there, high fives for bitcoin
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Feb 6, 2018 12:05
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hailthefish posted:How much of a brokebrained loving imbecile do you have to be in order to earnestly believe that cryptocurrency is the future and any minute now the world's financial systems will implode and pave the way for bitcoin supremacy? Ham Sandwiches doesn't deserve this kind of abuse
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Feb 6, 2018 12:06
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My rear end is on the market
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Feb 6, 2018 12:14
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Prediction: There will be a mass shooting by a Bitcoin speculator who has lost everything.
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Feb 6, 2018 12:16
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CassandraZara posted:Could still cash out today. His day got worse. quote:my dear Einstein friend... why you would you even think that I bought $5000 worth bitcoins in one transaction? i bought in different times first in sep/oct and then at $8000, then $13000 and also at $15000. More you did not read I mentioned I did try to trade some coins here and there which contributed to my total loss. BTW as of today i lost even more now at $1645
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Feb 6, 2018 12:17
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Lolie posted:His day got worse. He's lucky anyway. Think of all the people who took out mortgages on their homes and cars to get in the gold rush, when all the media was all over Bitcoin. In December, when it was 15-20k. Not only lost 2/3 of their investment, but also put all their non-Bitcoin stuff underwater. Of course they always can HODL on and cash out when it reaches 100k in 2247, while living off Ramen paying off the third mortgage on the house.
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Feb 6, 2018 12:50
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Why would you cash out when you know that Bitcoins are their own reward smh
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Feb 6, 2018 12:53
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lazorexplosion posted:The dead cat bounce isn't fake or manipulation, it's just a thing. There's a ton of day traders looking to buy the bottom of dips and at the first sign of maybe a bounce they all jump in at once, which makes the sellers hold off a little bit to see if it'll bounce enough for them to get a better price, and when you combine that with the fact that the order book is often much emptier in the ground it's just moved through you get a big switch from red to green very quickly. It happens so much it's practically self-fulfilling prophecy that it will happen somewhere. Of course the sellers and day traders are also competing to sell the top of the dip so sooner or later it'll peter out and go back down again. huge bounces like this usually happen when these conditions are met: 1. there's a huge selloff and various indicators commonly used by day traders have significantly crossed their thresholds to show that it's oversold 2. there's a break of an important support level, often a psychological support level with a nice round number (for crypto anyway, not sure if stocks are like this with round numbers) 3. there's a large influx of volume coinciding with the break of the support level--this is always true if #2 is true, unless the bids at the support level get pulled like you said, the day traders are all waiting to find the bottom, and the bottom usually comes when people are extremely fearful, because that's when people who've been holding losing positions start to give up and sell. you have a combination of things happening: a large number of bag holders are giving up and selling (exhausting sell pressure), the bulls are all waiting for a reason to buy (plenty of capital ready to enter all at once), and everyone who's short wants to lock in profit, which increases buy pressure. oh and usually the order book on the ask is really thin after a huge selloff like that, so it doesn't take much to move the price up several % i can tell things are different with these bounces, though. the bulls are taking profit and then sitting on the sidelines, they aren't coming back in to buy when it drops back down. that indicates that they don't believe these bounces signal the bottom of this downtrend, which means we're at the capitulation phase at some point this will stop being true and the trend will change, but whether that happens at 5500 or 3000 or 1000 is anyone's guess Uranium 235 fucked around with this message at 12:57 on Feb 6, 2018 |
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Feb 6, 2018 12:53
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Wondering where the real floor is. Will it stop at an actual number, or drop all the way down to basically zero? Hell, it could even go back up for all we know. Kinda regretting not buying in 2 years ago and selling at 20k, but hindsight is 20/20 and there's no way I would've accurately predicted that I should hold until 20k and then sell. And it would probably have been stolen anyway, so whatever.
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Feb 6, 2018 12:54
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uXs posted:Wondering where the real floor is. Will it stop at an actual number, or drop all the way down to basically zero?
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Feb 6, 2018 12:56
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Dolphin posted:The floor is 0, stocks have floors because they represent companies that own physical objects Ok sure I meant floor as in what the absolute lowest point will be.
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Feb 6, 2018 12:57
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uXs posted:Wondering where the real floor is. Will it stop at an actual number, or drop all the way down to basically zero? I've said this before. People are like "Oh man I wish I'd bought when they were $2!" but I know for sure if I'd bought in at $2 I'd have freaked out and sold by the time it got to $10. Would've been a nice gain but I wouldn't be driving around in my solid gold Lambourghini.
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Feb 6, 2018 12:59
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uXs posted:Ok sure I meant floor as in what the absolute lowest point will be.
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Feb 6, 2018 13:00
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uXs posted:Ok sure I meant floor as in what the absolute lowest point will be. the best anyone can do is look at things in retrospect and say "that was probably the bottom" but it takes a lot to confirm something like that and by the time you know, it's obviously too late to buy at that price
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Feb 6, 2018 13:05
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uXs posted:Ok sure I meant floor as in what the absolute lowest point will be. there is no real floor. No one can tell you where this is going to stop, no one can really tell you where it's going to be 5 minutes from now or a year from now. It's all about the people making decisions, and people make decisions for many reasons. The price could go up due to some positive demand shock or negative supply shock. Or it could go down to single figures. You have the power to not touch the poo.
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Feb 6, 2018 13:06
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See, while I appreciate that telling me that it squawks 'gently caress off' is useful to help me determine if this is your budgie, it also guarantees that if I find it, i'm definitely keeping it, so have you REALLY helped yourself here? Somehow, this is probably yet another an analogy for why cryptocurrency is loving stupid.
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Feb 6, 2018 13:10
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If they really wanted a private currency they should have just locked the value at $1 and tracked it via blockchain. And no mining unless the mining is payed for via science experiments or something. But no, instead it had to be really loving stupid.
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Feb 6, 2018 13:11
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Serak posted:See, while I appreciate that telling me that it squawks 'gently caress off' is useful to help me determine if this is your budgie, it also guarantees that if I find it, i'm definitely keeping it, so have you REALLY helped yourself here? Sorry i posted it in the wrong thread. This is good for bitcoin!
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Feb 6, 2018 13:11
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Rock Puncher posted:there is no real floor. No one can tell you where this is going to stop, no one can really tell you where it's going to be 5 minutes from now or a year from now. It's all about the people making decisions, and people make decisions for many reasons. The price could go up due to some positive demand shock or negative supply shock. Or it could go down to single figures. You have the power to not touch the poo. which would suggest we're at the capitulation phase of that bubble graph that gets posted all the time edit: lol the bulls are showing up this morning though 
Uranium 235 fucked around with this message at 14:06 on Feb 6, 2018 |
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Feb 6, 2018 13:12
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Minimalist Program posted:My rear end is on the market no fiat checks
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Feb 6, 2018 13:12
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Dolphin posted:If they really wanted a private currency they should have just locked the value at $1 and tracked it via blockchain. And no mining unless the mining is payed for via science experiments or something. But no, instead it had to be really loving stupid. Gotta remember, the whole bitcoin chain wasn't meant to do anything as implemented. It was a proof of concept idiots seized on.
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Feb 6, 2018 13:15
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Minimalist Program posted:My rear end is on the market *edit* Sorry Trig Discipline, I decided to source fork your sa post *additional edit* I hope nobody wants bitcoiners to actually kill themselves. But I agree some sort of misfortune has to come their way. Manchild King fucked around with this message at 13:24 on Feb 6, 2018 |
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Feb 6, 2018 13:16
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Trig Discipline posted:no fiat checks He said fat cheeks. Common mistake.
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Feb 6, 2018 13:28
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Actually if you hold a bitcoin you haven't lost anything because you still have a bitcoin of course, right? Because people keep saying bitcoin is currency. And it's deflationary because there will be a fixed amount. So it can only up uP UP!!!1
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Feb 6, 2018 13:30
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Decius posted:He's lucky anyway. Think of all the people who took out mortgages on their homes and cars to get in the gold rush, when all the media was all over Bitcoin. In December, when it was 15-20k. Not only lost 2/3 of their investment, but also put all their non-Bitcoin stuff underwater. Of course they always can HODL on and cash out when it reaches 100k in 2247, while living off Ramen paying off the third mortgage on the house. That reminds me of a guy I knew who was absolutely convinced that the Occupy Wall Street movement was the beginning of a true revolution. He quit his job and moved out of his apartment to live in the encampment that was happening outside our city hall.
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Feb 6, 2018 13:30
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I can't cum until bitcoin goes under 6000.
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Feb 6, 2018 13:31
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Dolphin posted:If they really wanted a private currency they should have just locked the value at $1 and tracked it via blockchain. And no mining unless the mining is payed for via science experiments or something. But no, instead it had to be really loving stupid. the second problem with your suggestion is isn't that illegal to create a token to get around financial regulations that you can redeem at a fixed amount with USD
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Feb 6, 2018 13:32
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I would blow Dane Cook posted:I can't cum until bitcoin goes under 6000. 
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Feb 6, 2018 13:37
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comedyblissoption posted:the first problem with your suggestion is why shouldn't you just use USD 2. I don't know
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Feb 6, 2018 14:05
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Long term bitcoin is entirely useless, so it'll go to zero, but whether that take three or five or ten or more years who knows. It is like 80% mined at this point so the mining rewards have dropped considerably and can only get worse, which puts it on a ticking clock but I can't be arsed trying to work out if that gives a better idea of the time frame.
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Feb 6, 2018 14:09
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comedyblissoption posted:Actually if you hold a bitcoin you haven't lost anything because you still have a bitcoin of course, right? Because people keep saying bitcoin is currency. And it's deflationary because there will be a fixed amount. So it can only up uP UP!!!1 but one bitcoin will always be worth exactly one bitcoin, how can it go up at all?
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Feb 6, 2018 14:13
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BabyFur Denny posted:but one bitcoin will always be worth exactly one bitcoin, how can it go up at all? bitcoin is only worth the amount of money that is sacrificed to the almighty coin
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Feb 6, 2018 14:17
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BabyFur Denny posted:but one bitcoin will always be worth exactly one bitcoin, how can it go up at all? 
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Feb 6, 2018 14:21
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lazorexplosion posted:Long term bitcoin is entirely useless, so it'll go to zero, but whether that take three or five or ten or more years who knows. It is like 80% mined at this point so the mining rewards have dropped considerably and can only get worse, which puts it on a ticking clock but I can't be arsed trying to work out if that gives a better idea of the time frame. As long as it's still possible to buy and sell bitcoin somewhere legally it will probably still at least have a floor supported by the drug trade It's definitely a poo poo investment though
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Feb 6, 2018 14:32
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How soon should I start shopping for cheap 1080s?
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Feb 6, 2018 14:33
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