Bitcoin and Cryptocurrency Thread

[Makai]

I want to short this so bad but for all I know it'll go up to 100k or some shit.

[Atramental]

MFW I woke up and looked at Monaco (MCO) this morning.



Okay, it's not that bad but it's barely moving from where I bought at. 

Should start to pick up in the coming days but for now I'm a bagholder.

edit:


It even looks primed for a break out right now.

edit: or it's just going to keep tumbling down because BTC is going ham at $16000

[BobFromPikeCreek]

Fuck I wish I just HODL'd BTC

[Atramental]

BTC infuriates me at this point.

Its technology is dogshit relative to other cryptocurrencies yet it keeps on mooning every week or so.

[agrajag]

BC is a beast. 20k in the next few days. Before the end of the year certainly. Maybe John McAffee is right and we're the crazy ones. Every time I take out a grand, it replenishes in a couple of days 

[Atramental]

I saw someone say in a discord group: "Bitcoin isn't a currency. It's the new Roth IRA."

lol

[Atramental]

Fucking Bitcoin and its day long bullruns

Should've went back into USDT while I was ahead.

[Atramental]

Depressing Cryptocurrency Thought:
If you're around my age (mid to later 20s) the money you spent on college during the time bitcoin was just getting started would've made you a multi-millionaire or billionaire if you bought bitcoin while it was still trading in the double to triple digits.

[TVC15]

warcock better make enough to pay for our wedding.

[Makai]

Someone in line at Chick Fil A was talking about his bitcoin gains and predicted it would go to $150k a coin.

We're all going to die.

[warcock]

Depressing Cryptocurrency Thought:
If you're around my age (mid to later 20s) the money you spent on college during the time bitcoin was just getting started would've made you a multi-millionaire or billionaire if you bought bitcoin while it was still trading in the double to triple digits.

Fools gold. The only people who held that shit since then were already wealthy, true believers or both. 

[Atramental]

Someone in line at Chick Fil A was talking about his bitcoin gains and predicted it would go to $150k a coin.

We're all going to die.

I hope BTC crashes and burns and makes all the normies scatter. REEEEEEE

[benjipwns]

Maybe John McAffee is right and we're the crazy ones.

This is not mutually exclusive.

No matter what, right or wrong on any subject, John McAfee will always be crazy first and foremost.

[Makai]

Bitcoin's market cap is now larger than Goldman Sachs and Morgan Stanley

I'm legitimately concerned the Bitcoin bubble is going to take the financial system with it. History books of the future are going to be really embarrassing if we still have the capacity to make them.

[benjipwns]

That comparison doesn't even make sense.

[Atramental]

I have a hunch that the top dogs in the US financial system & elsewhere are going to benefit greatly from bitcoin by shorting it.

[benjipwns]

I have a hunch that the top dogs in the US financial system & elsewhere are going to benefit greatly from bitcoin by shorting it.

Only criminals like child pornographers and drug traffickers trade in bitcoin.

[Atramental]

All joking aside, criminals use Monero. Harder to track.

Which has a logo very similar to NeoGAF's.



Coincidence?   

[BobFromPikeCreek]

Finally going to be making some money off that LTC I bought

[BobFromPikeCreek]

Up almost 40% and still rising 

[Atramental]

Probably because it's one of the top coins that doesn't take hours to transfer through its network.

[warcock]

this pronounced inverse interplay between BCC and BTC seems to be legitimate, my timing is just always fucking out of touch. It seems my premature ejaculation spread to other aspects of my life.

edit: I'm going to borrow from Trump's playbook in the next couple of days. Multi-dimensional hard fork trading.  I'll let you guys know how it plays out if i can still afford an internet connection by then.

[Atramental]

MCO is recovering. Thank God.

spoiler (click to show/hide)

That dip yesterday ate about $3000 of my XLM profits. 

[close]

[BobFromPikeCreek]

LTC still going. From 95 to 140 in one day 

150 

[Atramental]

Not taking any chances tonight. Putting my money into USDT for now.



I'll buy MCO when it dips back down into hell again.

[BobFromPikeCreek]

Just crossed 175

Wish my investment was bigger but fuck man, whatever!

[BobFromPikeCreek]

Holy jesus it's on the verge of 200. It doubled in one day 

[warcock]

Hohoho mco is on fire grats atra. Feels a little late to jump in when is d day for exchanges

[Momo]

what in the jesus fuck happened to litecoin

[BobFromPikeCreek]

Throw us a party when you're rich, Atra.

[warcock]

what in the jesus fuck happened to litecoin

Here's my ignorant pleb theory. All these new kids on coinbase trying to become billionaires in 18 hours finally are having a taste of the volatility. They see their 10k taking a hard shock when btc went from 17k to 14k in less than a day, they start freaking out. Now because they are greedy little bitches(mostly americans tbh) instead of converting to fiat they dont want to let go of their quick millionaire dreams so they buy the cheapest coin available as an alt, which is litecoin. Blam, now give me my nobel prize in economics.

[BobFromPikeCreek]

I have a feeling it's FOMO too. "It's like bitcoin 5 years ago!! BUY BUY BUY"

[VomKriege]

what in the jesus fuck happened to litecoin

Here's my ignorant pleb theory. All these new kids on coinbase trying to become billionaires in 18 hours finally are having a taste of the volatility. They see their 10k taking a hard shock when btc went from 17k to 14k in less than a day, they start freaking out. Now because they are greedy little bitches(mostly americans tbh) instead of converting to fiat they dont want to let go of their quick millionaire dreams so they buy the cheapest coin available as an alt, which is litecoin. Blam, now give me my nobel prize in economics.

You're not eligible to the Nobel but may I interest you in joining the BitNobel e-society ? It's a new form of award free from centralized associations and many observers believe they'll soon compete with traditional prizes !

[Rufus]

Guess I'm not buying a new GPU any time soon...

[warcock]

what in the jesus fuck happened to litecoin

Here's my ignorant pleb theory. All these new kids on coinbase trying to become billionaires in 18 hours finally are having a taste of the volatility. They see their 10k taking a hard shock when btc went from 17k to 14k in less than a day, they start freaking out. Now because they are greedy little bitches(mostly americans tbh) instead of converting to fiat they dont want to let go of their quick millionaire dreams so they buy the cheapest coin available as an alt, which is litecoin. Blam, now give me my nobel prize in economics.

You're not eligible to the Nobel but may I interest you in joining the BitNobel e-society ? It's a new form of award free from centralized associations and many observers believe they'll soon compete with traditional prizes !

Isn't that what the nobel in economics kind of is already tho?  Still furious at Piketty getting shafted for...Tirol...  Man i'm exuding class-envy from all my pores.

[thisismyusername]

BTC infuriates me at this point.

Its technology is dogshit relative to other cryptocurrencies yet it keeps on mooning every week or so.

I told you, bro. I warned you about Bitcoin being shit.

"But I invested anyway."

Yeah, you did. Now you get to watch me and other smart (read: fiat currency) folks laugh at you.

https://twitter.com/cryptomanran/status/939165804809027585

[BobFromPikeCreek]

God damn. LTC cratering almost as hard as it shot up yesterday. Glad I pulled out into fiat near the ath.

[Atramental]

Bought back into the current MCO dip.

My whale signal "insider" guy seems pretty confident that this shit is gonna explode soon.

edit:

Might be able to afford a whole bitcoin again if MCO decides to have a bullrun tonight.



edit:
So far so good. The moon mission (or the first of many) is supposed to happen early tomorrow morning, Allah willing.

[Atramental]

https://discord.gg/MTabwFZ

Oh yeah, join this discord if you want to see me get rich in real time. (Atra is my name there)
Also, there will be more moon missions to follow after MCO.

 

[agrajag]

Atra, should I sell off my BC before monday or buy more? This dude I work with that knows way more about finance than me says that the futures will kill it

[Atramental]

I can't say one way or another about bitcoin.

But what I will say is that I'm not holding any bitcoin currently for the long term and don't plan to any time soon.

Shit is way to volatile for my tastes.

If I do any long term holding it's going to be in LTC and/or ETH.

[agrajag]

My friend is saying that if the futures thing goes through it's going to kill bitcoins volatility (and growth) since the futures guarantee its price a year from now (or however futures work, I don't know)

I bought 1k of ether when it was around 430, going to hold for a while and see what happens. Hoping Litcoin dips a bit so I can buy and hold. I'm still kicking myself for selling all my Litcoins when I bought them in May and it didn's show any movement for a couple of months. I should have held..

[Atramental]

It could kill volatility and growth or it could not.

Bitcoin has a way with fucking with people's expectations (trust me I know...). Some days it seems like it has a mind of its own when it's being threatened by some outside force. 

Also, the big wig finacial guys seem to be on this big FUD campaign with bitcoin. If they are as crafty as I think they are, they're trying to scare everyone from buying it so when the price plummets and they can buy up more of it when it is cheap have more control over it.

[agrajag]

You're definitely right about that. All the "experts" spent the whole year downplaying BC and predicting it's inevitable downfall any day now.  Jim Cramer just wrote an article about how it's Monopoly money. Last time I checked I couldn't multiply my USD with Monopoly money. 

I think whatever happens tomorrow and the coming days will be a good predictor for what's coming on the 18th.

I'm regretting I didn't sell when it hit above 18k, I was waiting for a psychological landmark of 20k.

[Atramental]

Saw someone on twitter post this:


Also this:
https://medium.com/@ImagineTraffic/will-the-futures-market-do-to-bitcoin-what-it-did-to-gold-b7d35704641

[brawndolicious]

When I buy a thousand dollars worth of options contract for a $10 billion dollar company, the institutional investors (which hold a significant chunk of the stock) will instantly drop the stock price by 0.1% for a few minutes to scare me into selling back for a loss.

That's what happens with big, mainstream stock market shit. I can only imagine how hilarious BTC futures trading will turn out. Ultimately, y'all should expect the price to be manipulated and develop a strategy to eat the crumbs the big institutions leave behind.

[Atramental]

There's a fuck load of new crypto peeps that are buying up BTC right now and their hands are weak as shit. They will freak the fuck out and sell when a 3% to 6% dip happens.

I've gone through some hellish dips but always came out on top when I just held and waited.

Not many people are willing to do that.

I can only imagine how many of them will panic sell when BTC drops from 5 digits to 4 digits.

[Atramental]

Oh yeah, update:

I can afford a whole bitcoin again. 

[BobFromPikeCreek]

Goddam. Nice work man

[BobFromPikeCreek]

Do you just follow the general consensus on that Discord? I may have to hop on there.

[Atramental]

Do you just follow the general consensus on that Discord? I may have to hop on there.

I follow Cryptoverter's lead in his trade-signal channel. I try to ignore most people in the main-chat because they're all emotional and freaking out.

I think he has some ins with some whale groups and he's being nice to us little guys by keeping us privy to their activities and research.

edit: if I hit my profit goal of $20K I'm strongly considering buying a lifelong sponsorship for his premium signal group so I get in earlier on certain trades.

[agrajag]

There's a fuck load of new crypto peeps that are buying up BTC right now and their hands are weak as shit. They will freak the fuck out and sell when a 3% to 6% dip happens.

I've gone through some hellish dips but always came out on top when I just held and waited.

Not many people are willing to do that.

I can only imagine how many of them will panic sell when BTC drops from 5 digits to 4 digits.

If a shitload people sell when a 6% dip happens, wouldn't it trigger a chain of dips?

[Atramental]

There's a fuck load of new crypto peeps that are buying up BTC right now and their hands are weak as shit. They will freak the fuck out and sell when a 3% to 6% dip happens.

I've gone through some hellish dips but always came out on top when I just held and waited.

Not many people are willing to do that.

I can only imagine how many of them will panic sell when BTC drops from 5 digits to 4 digits.

If a shitload people sell when a 6% dip happens, wouldn't it trigger a chain of dips?

It does if the sell orders outweigh the buy orders.

But more often than not there are people who buy up those dips and aren't phased by big red dildo candles. 

[agrajag]

I feel like I'm crazy for doing this, but I decided to hold until tomorrow and see what happens. I have a gut feeling there will be a spike tomorrow before the dip.

[Atramental]

It's funny, Even if I end up making $20K, $40K, $60K etc. with crypto trading there's nothing I really need to buy.

I just want a bunch of money so I don't need to go to a job that I hate and just fuck off draw & play vidya all day. 

[agrajag]

Looks like it's safe to hold for now

https://www.reuters.com/article/us-bitcoin-futures/after-bitcoins-wild-week-traders-brace-for-futures-launch-idUSKBN1E404D

[BobFromPikeCreek]

It's funny, Even if I end up making $20K, $40K, $60K etc. with crypto trading there's nothing I really need to buy.

I just want a bunch of money so I don't need to go to a job that I hate and just fuck off draw & play vidya all day. 

Same :'(

LTC up another 20 or so % today. I bought back in at the bottom of the big dip just before so I'm pretty pleased.

[Atramental]

[Atramental]

https://i.imgur.com/wJzM2uy.png
https://boards.4chan.org/biz/thread/4971614

The absolute state of /biz/ 

[Joe Molotov]

Maybe there's something to this whole Bitcon thing.