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Thread: Bitcoin

  1. #2501
    Leviathan's Avatar
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    Senate hearing on blockchain

    https://www.pscp.tv/w/1yNGaXZkyXrKj

  2. #2502
    Movember 2011Movember 2012 Nordstern's Avatar
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    Cryptocurrencies across the board are nursing big losses on Thursday as the global market sell-off hitting traditional assets spreads.

    Bitcoin, the benchmark cryptocurrency, dropped suddenly and sharply in Asian trading overnight, losing as much as 7%, before rebounding a little.

    It is now holding at a loss of around 5% on the day, trading at $6,266 per coin.

    While bitcoin has led the way lower on Thursday, other major cryptocurrencies including Ether, Ripple, and bitcoin cash have witnessed even larger falls. Here's the scoreboard:

    Ether -11.2% at $200.28
    Ripple's XRP -11.5% at $0.4097
    Bitcoin cash -12.6% at $450.80
    Litecoin-10.8% at $51.79

    Previously, bitcoin and other cryptocurrencies tended to rally during periods of poor performance for traditional assets like stocks, reflecting their status as something of a haven. However, in recent months that has flipped, with cryptocurrencies tending to follow traditional stock markets in their moves.
    https://www.businessinsider.com/bitc...f-2018-10?IR=T
    "Holy shit, I ask you to stop being autistic and you debate what autistic is." - spasm
    Quote Originally Posted by Larkonis Trassler View Post
    WTF I hate white people now...

  3. #2503
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    Are we buying gold yet?
    Quote Originally Posted by Tarminic View Post
    Just for the record, "sending a needy text" is never the right answer.

  4. #2504
    Shaikar's Avatar
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    Salt. We're buying salt now as prices are low following a bumper harvest.

  5. #2505
    Leviathan's Avatar
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    cashing out i think..

    edit: bitcoin has often followed stocks- its all about confidence. Also love how it ignores bitcoin only lost 5% whilst listing xrp and bch that enjoyed around 30% jumps in past week or so. Selective information as always- nevertheless the crypto market is fucked soon with or without anything else.
    Last edited by Leviathan; October 11 2018 at 09:00:18 PM.

  6. #2506

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    Quote Originally Posted by Shaikar View Post
    Salt. We're buying salt now as prices are low following a bumper harvest.
    In all seriousness: sand is a better option.

  7. #2507
    Crystalline Entity's Avatar
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    Last edited by Crystalline Entity; November 20 2018 at 11:20:15 PM.
    "I think we could all do with sitting back a bit and detaching ourselves from the situation to really think about how these issues reflect on our future and how we discuss them here and be a bit less aggressive or defensive because everyone has a complicated set of circumstances that has led the to place importance on particular issues and it doesn't meany any of them is less valid, we just need to look at the broader picture"

    Smuggo - Brexit Thread

  8. #2508
    XenosisMk4's Avatar
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    Doesn't this have to do with Tether being a massive scam and getting slammed by the feds for it?

  9. #2509

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    I think it has to do with bursting bubbles and people being stupid.

  10. #2510
    Lana Torrin's Avatar
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    Quote Originally Posted by Don Rumata View Post
    I think it has to do with bursting bubbles and people being stupid.
    Probably more likely this..

    Not denying people made money off of bitcoin. Lots of people did.. Lost more people made huge losses though.
    Quote Originally Posted by lubica
    And her name was Limul Azgoden, a lowly peasant girl.

  11. #2511
    Keckers's Avatar
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    Most of the people who made serious money on bitcoin bought $10 at the start because it was a neat gimmick and then cashed out at some point before it all went to shit. Very few people made money playing the margins.
    Quote Originally Posted by Paul Mason
    It is absurd that we are capable of witnessing a 40,000 year old system of gender oppression begin to dissolve before our eyes yet still see the abolition of a 200 year old economic system as an unrealistic utopia.

  12. #2512
    Lana Torrin's Avatar
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    Quote Originally Posted by Keckers View Post
    Most of the people who made serious money on bitcoin bought $10 at the start because it was a neat gimmick and then cashed out at some point before it all went to shit. Very few people made money playing the margins.
    Oh yeah I agree, but there were a lot of people that did that. I mean realistically even if they cased out today they would have still made 5000%..
    Quote Originally Posted by lubica
    And her name was Limul Azgoden, a lowly peasant girl.

  13. #2513
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    But a select few dodgy smart people who also happened to be high level organised crime typed did play the margins and made an absolute stack of cash. Or more accurately, cleaned an even larger bundle of dirty money. Also hyjacking shit loads of people's tulips. Dirty business. All about luck and timing if you aren't in on it

    Sent from my E5823 using Tapatalk

  14. #2514
    XenosisMk4's Avatar
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    Quote Originally Posted by Keckers View Post
    Most of the people who made serious money on bitcoin bought $10 at the start because it was a neat gimmick and then cashed out at some point before it all went to shit. Very few people made money playing the margins.
    Years ago I talked a friend out of buying 1 BTC for a tenner

    Yeah, he still ribs me for it

  15. #2515
    Movember 2011 RazoR's Avatar
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  16. #2516
    Keckers's Avatar
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    Quote Originally Posted by Duckslayer View Post
    But a select few dodgy smart people who also happened to be high level organised crime typed did play the margins and made an absolute stack of cash. Or more accurately, cleaned an even larger bundle of dirty money. Also hyjacking shit loads of people's tulips. Dirty business. All about luck and timing if you aren't in on it

    Sent from my E5823 using Tapatalk
    Oh yeah, the people who made money on the margins leveraged their existing stake to exploit the bitcoin's weakness to pump and dump.

    People who bought into bitcoin to make cash quickly I have little sympathy for. I have a lot of sympathy for the (naive) idealists who bought into it hoping for a new currency model.
    Quote Originally Posted by Paul Mason
    It is absurd that we are capable of witnessing a 40,000 year old system of gender oppression begin to dissolve before our eyes yet still see the abolition of a 200 year old economic system as an unrealistic utopia.

  17. #2517
    FatFreddy's Avatar
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    Quote Originally Posted by Keckers View Post
    I have a lot of sympathy for the (naive) idealists who bought into it hoping for a new currency model.

    Ah yes, the idealism standard
    Quote Originally Posted by QuackBot
    Pastry.. That the best you can do?
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    M8, i have discussions that spam multiple accounts, you aren't even on my level

  18. #2518
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    Quote Originally Posted by FatFreddy View Post
    Quote Originally Posted by Keckers View Post
    I have a lot of sympathy for the (naive) idealists who bought into it hoping for a new currency model.

    Ah yes, the idealism standard
    I mean I don't agree with their idealistic position, but they didn't take the thing and then look for a way to massively enrich themselves without doing anything useful. They saw a potential use case for it and started using it as a medium of exchange.
    Quote Originally Posted by Paul Mason
    It is absurd that we are capable of witnessing a 40,000 year old system of gender oppression begin to dissolve before our eyes yet still see the abolition of a 200 year old economic system as an unrealistic utopia.

  19. #2519
    Lana Torrin's Avatar
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    Quote Originally Posted by Keckers View Post
    Quote Originally Posted by FatFreddy View Post
    Quote Originally Posted by Keckers View Post
    I have a lot of sympathy for the (naive) idealists who bought into it hoping for a new currency model.

    Ah yes, the idealism standard
    I mean I don't agree with their idealistic position, but they didn't take the thing and then look for a way to massively enrich themselves without doing anything useful. They saw a potential use case for it and started using it as a medium of exchange.
    Buying weed?
    Quote Originally Posted by lubica
    And her name was Limul Azgoden, a lowly peasant girl.

  20. #2520
    Keckers's Avatar
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    and (one) pizza

    and loads of child pornography, but what do you expect from something developed for decentralised ancap dystopia?
    Quote Originally Posted by Paul Mason
    It is absurd that we are capable of witnessing a 40,000 year old system of gender oppression begin to dissolve before our eyes yet still see the abolition of a 200 year old economic system as an unrealistic utopia.

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