Author Topic: Bitcoin and Cryptocurrency Thread (Read 185502 times)

zomgee · « **Reply #1020 on:** February 05, 2018, 10:47:45 AM »

Oh man

A bunch of 4chan beardos are losing money after maxing out their amazon credit cards

That sucks

Atramental · « **Reply #1021 on:** February 05, 2018, 11:49:57 AM »

Did some quick calculations with my current holdings and assuming the crypto market recovers and goes on a similar bull run like it did in 2017

I'll have somewhere in the range of $83K to $478K (dat exponential growth curve) by the end of 2018

OR if things go really really well $1,180,000.

And if things don't go well... $7000 or less.

CatsCatsCats · « **Reply #1022 on:** February 05, 2018, 12:23:09 PM »

Glhf

brawndolicious · « **Reply #1023 on:** February 05, 2018, 12:53:57 PM »

Is there a way to short bitcoin? I assume that a recession is starting and people will stop investing as much (could be wrong of course).

In that case the first thing they would pull out of is the most volatile securities.

Atramental · « **Reply #1024 on:** February 05, 2018, 01:11:17 PM »

Some exchanges allow shorting. The most common one I see mentioned is Bitmex.

But I personally wouldn't fuck with shorting when it comes to crypto because of how chaotic it is.

Hell, there's even a twitter bot account that tweets liquidations on Bitmex because so many people get fucked trying to short Bitcoin.

https://twitter.com/bitmexrekt?lang=en

brawndolicious · « **Reply #1025 on:** February 05, 2018, 01:13:47 PM »

Right now no but in December??

Mebbe

I'm a Puppy! · « **Reply #1026 on:** February 05, 2018, 01:44:20 PM »

Quote from: Atramental on February 05, 2018, 11:49:57 AM

Did some quick calculations with my current holdings and assuming the crypto market recovers and goes on a similar bull run like it did in 2017

I'll have somewhere in the range of $83K to $478K (dat exponential growth curve) by the end of 2018

OR if things go really really well $1,180,000.

And if things don't go well... $7000 or less.

So, what you're saying is, either you'll be really rich broke.

Atramental · « **Reply #1027 on:** February 05, 2018, 01:46:46 PM »

Yes.

Also, in hindsight, I really should've cashed out my initial investment a lot sooner. I would've been so much less worried about fucking up trades if I did.

kingv · « **Reply #1028 on:** February 05, 2018, 01:58:08 PM »

Quote from: I'm a Puppy! on February 05, 2018, 01:44:20 PM

Quote from: Atramental on February 05, 2018, 11:49:57 AM
Did some quick calculations with my current holdings and assuming the crypto market recovers and goes on a similar bull run like it did in 2017

I'll have somewhere in the range of $83K to $478K (dat exponential growth curve) by the end of 2018

OR if things go really really well $1,180,000.

And if things don't go well... $7000 or less.
So, what you're saying is, either you'll be really rich broke.

Also potentially somewhere in between.

Also, yes, options trading in crypto sounds insane. Even if th ruling term trend is up or down, the volatility is so high you could easily get fucked having to cover an option that would’ve have paid big bucks the day before it expired.

Unless you are trading options on margin, I would highly recommend that.

Atramental · « **Reply #1029 on:** February 05, 2018, 02:16:23 PM »

So. Much. Red.

http://boards.4chan.org/biz/thread/7329609

headwalk · « **Reply #1030 on:** February 05, 2018, 02:36:08 PM »

wonder what will be worth more in six months, a bitcoin or a tulip?

CatsCatsCats · « **Reply #1031 on:** February 05, 2018, 02:47:26 PM »

So who’s buying at 5k? Looks like it’s tryna get there

headwalk · « **Reply #1032 on:** February 05, 2018, 02:59:51 PM »

Quote from: CatsCatsCats on February 05, 2018, 02:47:26 PM

So who’s buying at 5k? Looks like it’s tryna get there

same people who bought at 14k, 10k and 8k.

Atramental · « **Reply #1033 on:** February 05, 2018, 03:04:24 PM »

https://qz.com/1196866/bitcoin-prices-could-be-40-lower-because-tether-propped-it-up/

Nintex · « **Reply #1034 on:** February 05, 2018, 03:22:50 PM »

It's all about the long term game, although if I'm nearing my original deposit I might bail from this train.

TFW dumb sheeple keep to their easily hacked and corrupt banks as opposed to embrace digital dystopia.

brawndolicious · « **Reply #1035 on:** February 05, 2018, 03:32:37 PM »

Holy shit the whole market is fucked.

Raist · « **Reply #1036 on:** February 05, 2018, 03:52:37 PM »

This shit is hilarious to watch.

2017
"At last, deregulated cryptocurrencies to safely make money without the involvement of the evil governments and banks

"

2018
"OMG SCAMMERS EVERYWHERE EVERYTHING IS CRASHING DOWN PLZ HALP

"

Atramental · « **Reply #1037 on:** February 05, 2018, 03:56:42 PM »

The invisible hand of the free market strikes again.

Joe Molotov · « **Reply #1038 on:** February 05, 2018, 04:03:52 PM »

Now it's time for the invisible dick of the free market to get up in them guts.

Raist · « **Reply #1039 on:** February 05, 2018, 04:10:04 PM »

Joe Molotov · « **Reply #1040 on:** February 05, 2018, 04:20:44 PM »

Quote from: 213372bu on February 05, 2018, 04:17:32 PM

It's going back up to 20k in a week guys, all's good\
Edit: Is [img width=]http://not working anymore?
Quote
(Image removed from quote.)
(Image removed from quote.)
(Image removed from quote.)
(Image removed from quote.)
spoiler (click to show/hide)
[close]

$1 Million by 2020, I heard.

agrajag · « **Reply #1041 on:** February 05, 2018, 04:23:05 PM »

Atra are you OK?

Brehvolution · « **Reply #1042 on:** February 05, 2018, 04:43:36 PM »

Wait until it comes out that some bigger sell orders were filled ahead of other much smaller and more numerous orders.

Atramental · « **Reply #1043 on:** February 05, 2018, 04:53:56 PM »

Quote from: agrajag on February 05, 2018, 04:23:05 PM

Atra are you OK?

Could be worse.

Atramental · « **Reply #1044 on:** February 05, 2018, 05:02:34 PM »

Atramental · « **Reply #1045 on:** February 05, 2018, 05:05:23 PM »

STAHP!

CatsCatsCats · « **Reply #1046 on:** February 05, 2018, 06:00:38 PM »

https://techcrunch.com/2018/02/05/visa-and-mastercard-make-it-harder-to-buy-bitcoin-and-other-cryptocurrencies/

oh no

Atramental · « **Reply #1047 on:** February 05, 2018, 06:14:54 PM »

kingv · « **Reply #1048 on:** February 05, 2018, 06:35:18 PM »

Quote from: CatsCatsCats on February 05, 2018, 06:00:38 PM

https://techcrunch.com/2018/02/05/visa-and-mastercard-make-it-harder-to-buy-bitcoin-and-other-cryptocurrencies/

oh no

I love the spin in that article. You can’t typically buy stocks and bonds on a credit card, either... and if you do, it’s a, ahem, cash advance. The next step is that Coinbase et al will set up something akin to a brokerage account.

It’s less of a “sign of the fear. Of the establishment” as it is “treating Crypto like any other investment”.

I'm a Puppy! · « **Reply #1049 on:** February 05, 2018, 06:58:26 PM »

Market correction

Of course I mean about the actual market. Crypto is going to implode.

Syph · « **Reply #1050 on:** February 05, 2018, 08:52:27 PM »

BUY BUY BUY

Will be at least 30k by end of 2019
Remember this post

Atramental · « **Reply #1051 on:** February 05, 2018, 08:59:21 PM »

I think it could easily hit 50K end of this year. And possibly 100k next year.

We shall see...

Olivia Wilde Homo · « **Reply #1052 on:** February 05, 2018, 09:55:37 PM »

Cryptocurrencies were going to crash, either due to the market itself or when the SEC inevitably regulates it.

Tasty · « **Reply #1053 on:** February 05, 2018, 10:01:24 PM »

Sorry Atra but I'm not going to listen to a huckster who's gone all-in on snake oil telling me snake oil's gonna go 7x in ten months.

I'd only listen to Kara's thoughts on the subject tbh.

Atramental · « **Reply #1054 on:** February 05, 2018, 10:15:38 PM »

Okay, I’ll admit I’m essentially gambling with my remaining profits. It could all go to zero for all I know.

But now that I no longer have my hard earned $7500 from my wagecuck job in crypto I can sleep easy (finally) and focus on other, more meaningful stuff that I want to do.

Atramental · « **Reply #1055 on:** February 05, 2018, 10:37:42 PM »

Poor /biz/
http://boards.4chan.org/biz/thread/7351592

Tasty · « **Reply #1056 on:** February 05, 2018, 10:43:53 PM »

I'll buy one BTC if it ever gets down to $1k or less.

recursivelyenumerable · « **Reply #1057 on:** February 05, 2018, 10:56:22 PM »

I made a ton of imaginary money shorting bitcoin on the exchange's practice ticker, also successfully timed a few altcoin bubbles.

imaginary money

naff · « **Reply #1058 on:** February 05, 2018, 11:33:33 PM »

Quote from: Atramental on February 05, 2018, 10:15:38 PM

Okay, I’ll admit I’m essentially gambling with my remaining profits. It could all go to zero for all I know.

But now that I no longer have my hard earned $7500 from my wagecuck job in crypto I can sleep easy (finally) and focus on other, more meaningful stuff that I want to do.

"Essentially"

brawndolicious · « **Reply #1059 on:** February 06, 2018, 01:07:43 AM »

Dang my dad lost over $50k in the last couple days and is back where he was a couple months ago. This is a correction we needed but it's painful. And exciting in a way.

Mr. Will, please just find a nice Carolinean chick and convert your greed into lust for the winter. If we are in a bear market, who the fuck is going to buy crypto coins? For the next few months the only way to make money (that I know of) is to buy shorts during the small windows when there's an uptick since the overall trend is downwards. It seems like it'll be that way until there's ~20% loss (in stocks not crypto).

People are trying to barely cover their ass right now, they're not going to buy exotic shit unless they're a permatose virgin dumping mountain dew onto an algorithm. You can't compete with those people.

Raist · « **Reply #1060 on:** February 06, 2018, 02:37:56 AM »

^sub-6k

Atramental · « **Reply #1061 on:** February 06, 2018, 05:19:46 AM »

I’m not fucking selling back into fiat just so I lose another chunk to taxes and then get pissed as crypto recovers & fomo back in.

Hell, this is where I would start buying a bunch of shit.

It’s all icing at this point. My cake is safe and sound in my checking account.

edit: a sign that things are going to reverse is that trading volume is gradually starting to increase for BTC. Which means more people are willing to stick their necks out to buy these dips from the weak hands.

$5K is a strong support. Anything below that and people are going to start dumping shit loads of money into BTC.

edit:
And around $5K is essentially where I started this journey

:

Quote from: Atramental on October 25, 2017, 06:54:17 AM

Quote from: Dennis on October 25, 2017, 06:50:06 AM
I want to get in on this tulip craze.

Can someone send me a bitcoin to get started?
No but now is a great time to buy. The price plummeted yesterday and is still rather low today.

End of October/beginning of November it'll probably go past 6000 USD again if my charts are to be believed.

(Image removed from quote.)

edit:
Or maybe wait for it to pull back 30% and then buy.

Atramental · « **Reply #1062 on:** February 06, 2018, 08:01:58 AM »

Atramental · « **Reply #1063 on:** February 06, 2018, 08:40:17 AM »

http://boards.4chan.org/biz/thread/7373886/v-here

Rufus · « **Reply #1064 on:** February 06, 2018, 08:53:56 AM »

https://np.reddit.com/r/Buttcoin/comments/7vmx0w/its_already_happening_gpu_market_is_about_to_get/
The listing: https://chicago.craigslist.org/chc/sop/d/used-evga-1060s-1070-gpus/6485846117.html

https://np.reddit.com/r/Buttcoin/comments/7vkrk7/and_the_returns_have_already_begun_one_person_and/

team filler · « **Reply #1065 on:** February 06, 2018, 08:58:04 AM »

Rufus · « **Reply #1066 on:** February 06, 2018, 09:25:27 AM »

https://twitter.com/GrrrGraphics/status/960713592034099200

toku · « **Reply #1067 on:** February 06, 2018, 04:41:29 PM »

https://twitter.com/Reuters/status/960990266193715200

Syph · « **Reply #1068 on:** February 07, 2018, 09:52:04 PM »

CoinDesk Releases 2018 Bitcoin and Blockchain Industry Report

Atramental · « **Reply #1069 on:** February 08, 2018, 09:41:44 AM »

I'm not going to jinx myself and say things are looking up but... let's just say I'm cautiously optimistic right now.

I'm a Puppy! · « **Reply #1070 on:** February 08, 2018, 01:38:23 PM »

Quote from: Shostakovich on February 08, 2018, 02:18:01 AM

Quote
When Senator Mark Warner, who expressed more familiarity with the area than most of his peers, criticized the patchwork nature of regulation that allowed Bitcoin futures while still blocking ETFs, calling for a more “coordinated effort” among regulatory bodies, both witnesses were quick to agree. In doing so Warner offered a bullish vision. “The potential writ large amongst crypto assets and the underlying blockchain could be as transformational as wireless was years ago. I think we’re going to need a much more coordinated effort,” Warner said.
TOTALLY NOT INSIDER TRADING

Can't be insider trading in the market if there's no regulation on your market.

kingv · « **Reply #1071 on:** February 08, 2018, 02:48:52 PM »

Even a dead cat bounces. Maybe even twice.

toku · « **Reply #1072 on:** February 08, 2018, 02:57:34 PM »

https://twitter.com/markets/status/961226120157974529

Quote

"The cryptocurrencies may simply be a mechanism for a transfer of wealth from the late-comers to the early entrants and nimble traders," the authors, Carey Caginalp and Gunduz Caginalp, said in the paper published Wednesday.

Joe Molotov · « **Reply #1073 on:** February 08, 2018, 03:56:29 PM »

Quote from: toku on February 08, 2018, 02:57:34 PM

https://twitter.com/markets/status/961226120157974529

Bitcoin is going to evolve into meaningful human relationships?

I'm a Puppy! · « **Reply #1074 on:** February 08, 2018, 04:05:39 PM »

Quote from: toku on February 08, 2018, 02:57:34 PM

https://twitter.com/markets/status/961226120157974529

Quote
"The cryptocurrencies may simply be a mechanism for a transfer of wealth from the late-comers to the early entrants and nimble traders," the authors, Carey Caginalp and Gunduz Caginalp, said in the paper published Wednesday.

So, just like the real market?

naff · « **Reply #1075 on:** February 08, 2018, 04:36:35 PM »

Nimble traders, aka the McAfee twitter scraper and margin trading bots

naff · « **Reply #1076 on:** February 08, 2018, 04:52:54 PM »

fuckin binance tying up my funds, either they got hacked bigly, they fucked up their site (they migrated from Rackspace late last year, now they're sitting in AWS, haven't got cloudflare anymore, and lookin thru they dns records no WAF), or they're scamming their userbase. likely all of the above. imo the most fucked thing about crypto right now is how reliant on off the chain exchanges we are, the exchanges own nearly everyone's private keys for their currency. completely circumvents the point of this shit.

naff · « **Reply #1077 on:** February 08, 2018, 04:55:48 PM »

anyone got invites for bittrex lmao (they're taking select invitees and corporate customers now)

Syph · « **Reply #1078 on:** February 08, 2018, 07:29:47 PM »

make a reddit thread and hope it gets traction
ive noticed multiple cases of people being unable to withdraw funds from an exchange or being ignored but then their friend gets to the front page and magically their issue gets resolved

toku · « **Reply #1079 on:** February 08, 2018, 08:03:35 PM »

https://twitter.com/officialmcafee/status/961765313644810240

News:

Author Topic: Bitcoin and Cryptocurrency Thread (Read 185502 times)