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Delthalaz posted:--snip-- 
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Dec 7, 2018 05:51
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qkkl posted:if i bought 1 bitcoin for $30,000 right now, will that cause the price of bitcoin to momentarily be $30,000? If you buy it on an exchange your buy order of 1 at 30,000 would be filled by the lowest possible bid, which is like $3,400. This would leave the market with the 2nd lowest bid which might be something like $3400.01 thereby raising the price by 1 cent.
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Dec 7, 2018 05:53
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Salt Fish posted:If you buy it on an exchange your buy order of 1 at 30,000 would be filled by the lowest possible bid, which is like $3,400. This would leave the market with the 2nd lowest bid which might be something like $3400.01 thereby raising the price by 1 cent. i see, so it's sellers that set the price, not buyers.
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Dec 7, 2018 05:57
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that market cap site posted:Circulating Supply: 1,856,421,736 USDT So I haven't been paying real close attention but does this mean these buttlords seriously believe there's some bank account with 1.8 billion united states dollars waiting for anyone who wants to turn their tethers into real money?
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Dec 7, 2018 06:09
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Mimesweeper posted:So I haven't been paying real close attention but does this mean these buttlords seriously believe there's some bank account with 1.8 billion united states dollars waiting for anyone who wants to turn their tethers into real money? Yes, yes they do.
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Dec 7, 2018 06:13
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What a Christmas miracle 
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Dec 7, 2018 06:26
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Lol, 1.8 trillion tethers? Goddamn coiners are dumb.
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Dec 7, 2018 06:36
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People have been saying from the start that this is like watching the entire history of finance in fast forward, I'm so proud that they've finally reached the stage of creating a fiat currency to defeat fiat currency. They're caught up to modern times and now they can truly begin to innovate and show us the way.
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Dec 7, 2018 06:38
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Is bitcoin good yet
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Dec 7, 2018 06:40
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It's so good, you should take out loans with everything you own and max out all your credit cards and buy buy buy, this might be the last chance to grab hold of the bag before it goes to the moon.
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Dec 7, 2018 06:43
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First rule in The Hitchhiker's Guide to the Galaxy : Don't panic. Second rule: Bring a towel. This is a great time to buy, as was $15K. Wait a year, newb. When your bank cards won't get you a room at the Motel 6, one Bitcoin will buy you a palace. The banksters are almost defeated. This latest panic dump is the proof. Hodl on.
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Dec 7, 2018 06:46
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I should ask my father how much he's in for now.
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Dec 7, 2018 06:56
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quote:One year ago, as bitcoin prices were in free fall just after peaking above $20,000 (a peak that, as fate would have it, ended up marking the end of one of the most frenzied asset bubbles since the financial crisis) we reported that one "mystery trader" (later revealed to be BlockTower Capital) had dropped $1 million on a batch of one-year call options that would only pay off if bitcoin traded above $50,000 before their expiration date. https://www.zerohedge.com/news/2018-12-06/1-million-moonshot-options-betting-bitcoin-50k-about-expire-worthless Y'all really need to keep a bitcointalk tab open. The mental gymnastics they're going through at the moment are amazing. Lolie fucked around with this message at 07:05 on Dec 7, 2018 |
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Dec 7, 2018 07:03
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Lolie posted:You haven't lost any money until you sell. These idiots will keep holding because everyone is telling them that Bitcoin and the alts are sure to recover next year. Yeah, the 3333 wall evaporated and reappeared at 3222. Not shady at all.
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Dec 7, 2018 07:38
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Who is buying? I just don't get it. How loving stupid can you be? It's dropped 50% in a month but this is the moment where it stops dropping. The bottom. Gonna buy now! Woops. At least wait for it to climb consistently for a while. If it is going to the moon, what is a couple hundred dollars thrown in the toilet.
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Dec 7, 2018 07:45
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Salt Fish posted:If you buy it on an exchange your buy order of 1 at 30,000 would be filled by the lowest possible bid, which is like $3,400. This would leave the market with the 2nd lowest bid which might be something like $3400.01 thereby raising the price by 1 cent. GhosTTy is reading this post right now and adjusting the exchanges to make this a reality and number go up
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Dec 7, 2018 08:08
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Waltzing Along posted:Who is buying? I just don't get it. Bitfinex is $100 over the other exchanges right now, and I suspect they're climbing solely on demand generated there... which is mostly tether dumping, IIRC, so fake demand.
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Dec 7, 2018 08:12
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Dec 7, 2018 08:48
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Dec 7, 2018 09:19
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Adar posted:
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Dec 7, 2018 10:11
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*bitcoin becomes known as a modern tulip bubble and the entire ecosystem craters but some guy named Jihan plugs in an NES to mine bitcoins and sells the generated novelty bitcoins to someone for $0.50* The floor is always the mining cost 
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Dec 7, 2018 10:15
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B U Y T H E B U N D L E
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Dec 7, 2018 10:19
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orange juche posted:B U Y T H E B U N D L E 80% off!
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Dec 7, 2018 10:24
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Tiny Bug Child posted:
If that doesn't sum them up I dunno what does
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Dec 7, 2018 10:25
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Someone needs to start charging jihan more
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Dec 7, 2018 10:31
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Waltzing Along posted:Who is buying? I just don't get it. There's a whole spectrum of idiocy at play I'm sure some of them are like "yeah this is the time to buy, definitely going to go up from here! Good times are here at last!" Others have been buying for years, at whatever price, because they're convinced that it's going to go to the moon long-term so it doesn't matter what the price is now. The true believers are in this group Others are buying bitcoins so they can go on to buy shitcoins, cause some of the dudes always buying bitcoin are also always buying shitcoins. It'd be cheaper to buy litecoins or loving dogecoins for this but never assume that something is so stupid that no one will do it And then there are the day-traders who are gambling on the random little spikes, buying bitcoin at X and hoping that the tether printer will cause it to shoot up to X+Y so they can make Y profit (minus QuarkJets fucked around with this message at 10:35 on Dec 7, 2018 |
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Dec 7, 2018 10:32
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Waltzing Along posted:Who is buying? I just don't get it.  https://www.ccn.com/6-billion-daily-crypto-volume-is-being-faked-how-can-it-be-combated/
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Dec 7, 2018 12:28
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Don't Crypto
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Dec 7, 2018 13:45
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Waltzing Along posted:Who is buying? I just don't get it. If this was a real market and not Internet Made-Up Money there's one potential class of smart investor. Bitcoin started out costing basically $0 and there was a time when hitting $1000 was crazy. Some people who are thinking long-term like putting their retirement money in buts (lol) have a bunch of Butts from back when they cost under $500. They might (rightly) treat the entire era after Bitcoin went above $1k as a bubble, so that maybe now they think (wrongly) that Bitcoin is just price correcting down to where it should have been all along. Depending on where you think that floor is, you'd be prepping to invest hard. Or just prepping. Gotta get more cans of beans in the shelter.  ...it's not COMPLETELY insane to think that this is a price correction which could bottom out soon. It's stupid, but not insane. ...although your'e kind of hosed by all the people who bought at $500 who can still make a profit if they sell right now.
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Dec 7, 2018 14:49
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Is it me or are there significantly more buy walls than usual? Like blatantly so with the most obvious at 3222 and 3100, and mini walls between
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Dec 7, 2018 15:29
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Lolie posted:https://www.zerohedge.com/news/2018-12-06/1-million-moonshot-options-betting-bitcoin-50k-about-expire-worthless "If you think these stocks are going to do anything other than go up this year, you're an idiot doomsayer." "Okay, so these stocks went way down this year but let me explain why this is a positive thing..."
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Dec 7, 2018 15:39
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Smdh at the dude with a bought and paid for house that took out a mortgage to buy butts. Jfc
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Dec 7, 2018 15:41
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kuddles posted:It's literally like the 2008 housing crisis or any other one of these fads/scams because it's the same mental turn these investor experts always do. Meanwhile the same site is saying that in the near future we will have a second housing crisis level bubble only way worse... which actually has some valid reasons to it kinda? https://www.zerohedge.com/news/2018-11-30/how-everything-bubble-will-end So the entire economy is going to take a dump in the near future, but Bitcoin is immune even though it's taking a dump at the predicted time... because uhhh... hm.
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Dec 7, 2018 15:43
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Lots of people think they're brilliant geniuses when they're picking stocks in a bull market, and only realise the truth after the market turns bearish and they lose it all. (And sometimes not even then.)
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Dec 7, 2018 15:44
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drat this thread's moved fast:19 o'clock posted:Awwwwww yeah!!!! I finally watched this last night. The real crime, I think, is the camera work.
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Dec 7, 2018 16:22
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https://breakermag.com/trapped-at-sea-with-cryptos-nouveau-riche/ it's beautiful
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Dec 7, 2018 16:29
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Liquid Communism posted:Yeah, the 3333 wall evaporated and reappeared at 3222. It's like Dracula's castle, but with Bitcoin!
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Dec 7, 2018 16:29
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revwinnebago posted:So the entire economy is going to take a dump in the near future, but Bitcoin is immune even though it's taking a dump at the predicted time... because uhhh... hm. Historically instability in real world markets has made Bitcoin go up because it pushes disillusioned people off the fence E: I haven't paid much attention lately and maybe things are different now but through brexit and the Greek referendums, etc. every inflection point in the crisis made btc go up poverty goat fucked around with this message at 16:47 on Dec 7, 2018 |
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Dec 7, 2018 16:42
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That 3222 wall getting ready to evaporate
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Dec 7, 2018 17:00
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poverty goat posted:Historically instability in real world markets has made Bitcoin go up because it pushes disillusioned people off the fence Jobs report today came up short of expectations, yield curve is inverse. The US is headed into a recession, and bitcoin has never had to deal with a US recession before. I’m calling it now: look for <$1000 by February.
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Dec 7, 2018 17:05
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