Bitcoin....who's gotten into it?

[digitaldeath]

BTCers just got fucking scammed by the oligarchs of BTC

hahahha

[Bobby Stainless]

IM IN!!!!!

Got it on the dip!

[ICantLogIn]

IM IN!!!!!

Got it on the dip!

Nice work man.

[JimmyCarter]

IM IN!!!!!

Got it on the dip!

SELL! SELL! SELL!

[huckbucket]

IM IN!!!!!

Got it on the dip!

You sure?

[Bobby Stainless]

I feel good about my buy.

[4matic]

Coincidence to the sell off?

Coinbase Loses Bid to Block IRS Probe of Bitcoin Gains

https://www.bloomberg.com/news/artic...-bitcoin-gains

[neckdeep]

Make that 30% trading range.

Gives you an idea how fast and far this will drop when everyone tries to hit the exits at once. If it makes these huge swings during the time of greed, imagine how deep it will crater when fear becomes dominant. When the bubble pops, Bitcon will drop 80% to 90% in one day.

[digitaldeath]

where is that wealth distro chart i posted?

[digitaldeath]

found it

im a fkn wizard yo

[JimmyCarter]

Gives you an idea how fast and far this will drop when everyone tries to hit the exits at once. If it makes these huge swings during the time of greed, imagine how deep it will crater when fear becomes dominant. When the bubble pops, Bitcon will drop 80% to 90% in one day.

Poor satoshi. Worth tens of billions now and probably cant cash out without triggering a market plummet.

[neckdeep]

Poor satoshi. Worth tens of billions now and probably cant cash out without triggering a market plummet.

It's not just that. All the small timers who have flooded into the market above $5000 can trigger an elevator shaft plummet if sentiment turns. Now there's enough casual investors involved who can't afford to ride out deep losses. If they panic, can the blockchain even handle that sort of volume? There are reports of delays in service and outages on the exchanges that cost sellers a lot of money today. If things are so technically dodgy during the good times, bitcoin investors will be truly fucked in broad sell off.

Today, Nobel economic prize winner Joseph Stiglitz called bitcoin a scam without social value and said it should be outlawed. I guess if you think you are smarter than a Nobel prize winner, then by all means, stay long on bitcoin. IMHO, that is pointing towards a dim regulatory future for bitcoin.

Bitcoin is not the new gold. Gold is a store of value because you cannot produce something identical to gold in everything but name. You sure as fuck can produce an alternative blockchain to bitcoin and you can make a better one. There's no such thing as new and improved gold. There will be a new and improved alternative to bitcoin. Bitcoin isn't even the most efficient blockchain out there today! It's not even an efficient currency. It's transaction settlement costs look to be outrageous compared to conventional methods. The writing is on the wall for bitcon. Everyone who is touting bitcoin is either long on bitcoin or makes a fee off of bitcoin trade activity. Seems like 90% of the touts have a direct self-interest in promoting volume. A lot of these touts will still be making a cut on the way back down to reality.

[digitaldeath]

Poor satoshi. Worth tens of billions now and probably cant cash out without triggering a market plummet.

Satoshi is the man!

the govt

[4matic]

IM IN!!!!!

Got it on the dip!

How was your fill? Was it near the screen price?

[4matic]

Volume today was around 10% of the previous 30 days total. I’m not sure what ADV is but today was for sure a volume reversal.

[Lindahl]

Lots of gamblers... wow people are dumb when they get greedy

[huckbucket]

It's not just that. All the small timers who have flooded into the market above $5000 can trigger an elevator shaft plummet if sentiment turns. Now there's enough casual investors involved who can't afford to ride out deep losses. If they panic, can the blockchain even handle that sort of volume? There are reports of delays in service and outages on the exchanges that cost sellers a lot of money today. If things are so technically dodgy during the good times, bitcoin investors will be truly fucked in broad sell off.

Today, Nobel economic prize winner Joseph Stiglitz called bitcoin a scam without social value and said it should be outlawed. I guess if you think you are smarter than a Nobel prize winner, then by all means, stay long on bitcoin. IMHO, that is pointing towards a dim regulatory future for bitcoin.

Bitcoin is not the new gold. Gold is a store of value because you cannot produce something identical to gold in everything but name. You sure as fuck can produce an alternative blockchain to bitcoin and you can make a better one. There's no such thing as new and improved gold, people. There will be a new and improved alternative to bitcoin. Bitcoin isn't even the most efficient blockchain out there today! It's not even an efficient currency. It's transaction settlement costs look to be outrageous compared to conventional methods. The writing is on the wall for bitcon. Everyone who is touting bitcoin is either long on bitcoin or makes a fee off of bitcoin trade activity. Seems like 90% of the touts have a direct self-interest in promoting volume. A lot of these touts will still be making a cut on the way back down to reality.

Hugo's brother,?

[ICantLogIn]

Lots of gamblers... wow people are dumb when they get greedy

And predictable.

[summit]

I think I am going to go short on tulips... gotta figure out the best way to do it

[Bobby Stainless]

How was your fill? Was it near the screen price?

I have no idea what that means.

[Whiteroom_Guardian]

EvilE, I assume you know you can buy percentages of BTC right? 11k is a big chunk at once. Buy 25% pieces on each dip if you want a whole coin.

Also been a big fan of ETH since it was $12 bucks!

[ICantLogIn]

I like ETH, mostly because its a use blockchain/platform.

[summit]

I think I am going to go short on tulips... gotta figure out the best way to do it

BTC<$9500 am I too late?

Anyone know how to do this?

[klauss]

[Bobby Stainless]