Oh well, as a consolation prize, I've been tinkering around with Bitmex. I shorted at 25x, risking ~ .0013 BTC (10 bucks.) before I went to work this morning. In hindsight, I should risked more and went 100x. Oh well, maybe we will get a bounce and my short will get REKT, before I return from work. Then it can be considered a sacrificial short.  My new Corvair. Needs some work. |
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Are we poor again?
Yes, here is my meal plan for the rest of 2018.   |
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'Big' drop again.
Guess it isn't over yet.
It's a good buying opportunity. Jimbo will probably soon tell us about his morning coffee and his latest Bitcoin purchase. I thought Jimbo is still in Mexico getting his teeth done. So I don't think he is able to buy this dip. Could be wrong. |
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I’m with ya. I’m never selling.
Have been experimenting with small margin trades though.
I've been experimenting too. Guess that I will be joining the ranks of REKT bears pretty soon.  |
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Ok, if we don't immediately pull up we will enter the top ranges of the Swamps of Anger.
82-8300 should hold. If we get a pump afterwards maybe the death cross can be avoided if we can stay at 10k. If these Mt Gox guys are responsible for this insane crash lie they were in 2013 they ought to be sued for damages and locked up. Thats the regulation I support! The bankruptcy makes Mt Gox immune to further civil damages. Now it is in the hands of the Bankruptcy court to liquidate the assets and distribute them. Karpeles trial is still pending. I suspect that he won't be getting much jail time if convicted. I suspect that all of the extra proceeds from the liquidation will end up in the nation of Japan's coffers after a huge fine is imposed. |
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yeah
fuck Kobayashi
Seriously is bitcoin ever gonna get past Mt Gox? How can these assholes still have btc? Who the fuck let that happen?  I really have no proof that Kobayashi had anything to do with this latest dump. I just want to blame him since the biggest red 15 minute candle just happened to occur at about 7:45am-8:00am Japan time, Monday morning. Could have been any asshole bear whale who got this going. Could be Spoofy's fault. Didn't someone set up a website to monitor the gox coins for movement? Guess that I am placing blame on the wrong entity. No coins moved recently according to the web page. https://www.cryptoground.com/mtgox-cold-wallet-monitor/Ok, if we don't immediately pull up we will enter the top ranges of the Swamps of Anger.
I already feel that I've been wading in the muck and mire since December. |
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yeah
fuck Kobayashi
Seriously is bitcoin ever gonna get past Mt Gox? How can these assholes still have btc? Who the fuck let that happen? I really have no proof that Kobayashi had anything to do with this latest dump. I just want to blame him since the biggest red 15 minute candle just happened to occur at about 7:45am-8:00am Japan time, Monday morning. Could have been any asshole bear whale who got this going. Could be Spoofy's fault. |
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Early Monday morning in Japan and we get greeted with a big dump. I suppose Kobayashi has nothing to do with this, but he's convenient to blame.  |
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RIP Steem
It just goes to show all these single use tokens are pointless.
What's wrong with steem except the low price? I see that people are still posting on their web page. Are they discontinuing the web page? Blosckstream euthanised them Oh well, just another one of Larimers' Rube Goldberg machine anyway. I think that I will live with the loss of value of my enormous Steem portfolio.  |
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RIP Steem
It just goes to show all these single use tokens are pointless.
What's wrong with steem except the low price? I see that people are still posting on their web page. Are they discontinuing the web page? |
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It’s definitely not over but the bounce off $8200 was unexpectedly strong. I think that may have rocked some bears.
The optimism chart says we will break the downtrend in April.
It sure rocked my world when I tried to be a bear last night and this morning.  |
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Well, so much for trying to short BTC on margin as a hedge and setting a wimpy stop loss.  REKT! Should have known better. Not sure what strategy that I need to employ to try and preserve value in this downtrend market. Shorting with stop losses is exactly the opposite of what I do (banking on the volatility). If you are gonna bet on downtrend (the same is applicable to uptrends) don't set a wimpy stop loss and go on with it till the end. Or a least make sure you can cover even if price goes 50% against your bet. Otherwise volatility will kill your position sooner or later. I was trying to use this as a hedge. I don't want to risk being liquidated for the full 20% of my holdings on a 5x margin. Oh well, this is not for me. Hulk candles are not going to make this strategy work for me. |
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Well, so much for trying to short BTC on margin as a hedge and setting a wimpy stop loss. REKT! Should have known better. Not sure what strategy that I need to employ to try and preserve value in this downtrend market. Please tell me you aren't serious...  Yes I am serious. The sentiment around here has been rather bearish. So I gave it a shot. Now I am a few bitcents poorer. Unfortunately, since I set my stop losses rather conservatively, the stop losses got filled. Oh well, guess it's back to the step method JJG likes so much. |
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Well, so much for trying to short BTC on margin as a hedge and setting a wimpy stop loss. REKT! Should have known better. Not sure what strategy that I need to employ to try and preserve value in this downtrend market. |
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My wallet has 106 connections.  |
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I think it has more to do with the SEC crackdown and ICOs like EOS doing a Kobayashi. They dumped something like 40k ETH on exchange.
Larimer must have seen the handwriting on the wall after being a featured coin on Last Week Tonight with John Oliver. |
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I went back 7 pages to find any discussion on the 300 million new USDT and gave up. Too many of these retards in this thread.
If you want to keep up with the conversation on Tethers, you can go to this link. https://twitter.com/bitfinexed?lang=enThis has been a hot topic of conversation for several month. You really think all of the Bitcoin whales have been oblivious to this factor for several months? The fact that Bitfinex/Tether has not been the most transparent regarding this matter is already priced in. If Tether is indeed a shitcoin, with absolutely no USD to back it up, the honey badger doesn't give a shit. Are we overly concerned when some other shitcoin makes a tumble because it's a scam? BTC is traded for those shitcoins too, just like Tether. Although true, I was under the assumption that Tether had alot to do with the initial pump in OCT. Also I don't follow twitter and This 300 MILLION USDT was created Yesterday. https://omniexplorer.info/tx/f3efac4b6203248fc06e2788b61e732319a6e596768f5240680f944780ff84f4If Tether is legit, then the printing of Tethers is justified by people making actual wire transfers to Bitfinex and Bitfinex making sure there are enough tethers for people to transfer them to other exchanges if they care to. If Tether is not legit, then the house of cards will tumble and Bitfinex will become insolvent. Good riddance. Honey badger may end up taking a little nap after getting bitten; but in the end honey badger won't give a shit. |
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With ETH about to go to $30, why would anyone want to buy it?
Because they need the gas to keep breeding their Cryptokitties. |
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... and Theymos expects me to venture out of this thread ?!
I wonder where you are getting this idea that theymos expects merit sources to venture outside of their historical stomping grounds because I understood that theymos did not give too many guidelines for merit sources, and therefore there remains quite a decent amount of individual discretion for merit sources and other persons with smerits too.... (This PM is being sent to several people.)
Hello. You are now a merit source.
I will be periodically looking through the merit history of sources. If you send a lot of merit to good posts, then I will probably increase your source amount, while if you don't use your source much or use it irresponsibly, it may be reduced or removed. (But don't worry about it too much...)
I picked this batch of sources mainly by looking for ~Legendaries who were not wearing a paid signature. If you actually don't want to be a merit source, let me know.
Several of you post mainly in the Wall Observer thread. I'd encourage you to branch out a bit, such as into the Serious Discussion sections.
Note that there is a bug where whenever you spend your personal stash of sMerit, this also counts against your source for the next 30 days. So if you spent more sMerit in the last 30 days than the source merit I just assigned you, you will already see 0 source merit currently, though it will eventually recover. I will probably fix this at some point, but not soon.
Thanks!
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