BTCers just got fucking scammed by the oligarchs of BTC
hahahha
BTCers just got fucking scammed by the oligarchs of BTC
hahahha
Zone Controller
"He wants to be a pro, bro, not some schmuck." - Hugh Conway
"DigitalDeath would kick my ass. He has the reach of a polar bear." - Crass3000
IM IN!!!!!
Got it on the dip!
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"I don't pretend to have all the answers, and I think there's something to be said for that" -One For The Road
Brain dead and made of money.
I feel good about my buy.
Last edited by Bobby Stainless; 12-19-2017 at 12:32 PM.
"I don't pretend to have all the answers, and I think there's something to be said for that" -One For The Road
Brain dead and made of money.
Coincidence to the sell off?
Coinbase Loses Bid to Block IRS Probe of Bitcoin Gains
https://www.bloomberg.com/news/artic...-bitcoin-gains
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.
where is that wealth distro chart i posted?
Zone Controller
"He wants to be a pro, bro, not some schmuck." - Hugh Conway
"DigitalDeath would kick my ass. He has the reach of a polar bear." - Crass3000
found it
im a fkn wizard yo
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Zone Controller
"He wants to be a pro, bro, not some schmuck." - Hugh Conway
"DigitalDeath would kick my ass. He has the reach of a polar bear." - Crass3000
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.
Last edited by neckdeep; 11-29-2017 at 07:28 PM.
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.
Lots of gamblers... wow people are dumb when they get greedy
I think I am going to go short on tulips... gotta figure out the best way to do it
Originally Posted by blurred
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!
I like ETH, mostly because its a use blockchain/platform.
"I don't pretend to have all the answers, and I think there's something to be said for that" -One For The Road
Brain dead and made of money.
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