This whole PlusToken affair stinks to high heaven for me. I'm thinking clandestine CCP operation or similar.
Who else can get away with a $3billion crypto-Ponzi scheme in the first place? Then suspiciously (stupidly) dump the 13,000 bitcoin on the market at the lows for the cycle? IFF the perpetrators are clever enough to remain hidden from authorities they wont be stupid enough to dump on Bitfinex liquidating to fiat in one go at market rates. They would have sold off over time into the highs. IFF they are clandestine CCP operatives protected from prosecution they can run a Ponzi scheme and dump for maximal disruption of bitcoin pricing.
Or if you are well funded already, you could go short Bitcoin big time and burn and never claim the stolen BTC just to make the market tank and just profit from those shorts 80x. |
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Where we going at  I dunno, brother. All I know is Rick wants to go out for TexMex tonight with a friend that is in town. I don't feel like driving downtown in my baby, parking at his office, and having the chance of our Uber driver being all coughing and sneezing. Probably just drive ourselves to the restaurant, and ditch the Uber; end up in a restaurant filled with coughing people eating tacos with hot-sauce, sneezing pico de gallo everywhere. Sheeit. I picked a bad time to have anxiety/depression. "State of Emergency" declared in Dallas County, Gov. Abbott declares "State of Disaster" for Texas, and Rick wants fucking TexMex. Just... if your last post was true, losing several millions in this turmoil, why make your partner work at all? He lives in the US. He probably needs that and maybe even more for a high/comfortable lifestyle. |
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Don't you have a nice house? I guess you have. Invite your friend and order the best mexican food available. Problem solved.
Don't order anything what kind of an advice is this!?!? Don't interact with anybody! And I am saying this as someone who sees more than 100 different people everyday. If that shit spreads here I am done. You saying this because the alternative is better?!?! I was just trying to adapt to the mexican food requirement. Of course it is better if they just invite their friend to some things they already have in house or cook themselves, but I guess that's just going too far into paranoia (at this stage). Just trying to raise awareness. This shit is serious. I didn't care about it much tbh till yesterday. Now the more I read about it makes me even more sicker than selling the bottom. Raising awareness is good, but risks are always there. We always have a probability to simply die in the next few seconds, minutes, hours, days, weeks, months, years, decades... A different probability for each of those, and depending on circumstances either internal or external for each individual. We need to be aware of that and act according to it. Disproportionally reacting to those probabilities is never good nor logical. That being said, yes, the situation is that world is facing a worldwide crisis in ways beyond just a financial one. The Italy example is perfect to know where we are all going... yeah, all developed countries. We were wondering what was wrong with Italy... and just a few days/weeks after we are at the same stage they were. Some countries are still in denial but they are raising awareness even if slowly. But no, we are not all going to die. This shit will pass. You just need to adapt, neither ignore nor overreact. Otherwise we maybe should consider directly ending our own lifes to avoid being infected... which would be kind of stupid. And if shit REALLY hits the fan... well.. it will also pass, the only difference is that all of our current first world "worries" will be all gone. Some will die, some will live. But life will go on. |
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Don't you have a nice house? I guess you have. Invite your friend and order the best mexican food available. Problem solved.
Don't order anything what kind of an advice is this!?!? Don't interact with anybody! And I am saying this as someone who sees more than 100 different people everyday. If that shit spreads here I am done. You saying this because the alternative is better?!?! I was just trying to adapt to the mexican food requirement. Of course it is better if they just invite their friend to some things they already have in house or cook themselves, but I guess that's just going too far into paranoia (at this stage). |
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Where we going at I dunno, brother. All I know is Rick wants to go out for TexMex tonight with a friend that is in town. I don't feel like driving downtown in my baby, parking at his office, and having the chance of our Uber driver being all coughing and sneezing. Probably just drive ourselves to the restaurant, and ditch the Uber; end up in a restaurant filled with coughing people eating tacos with hot-sauce, sneezing pico de gallo everywhere. Sheeit. I picked a bad time to have anxiety/depression. "State of Emergency" declared in Dallas County, Gov. Abbott declares "State of Disaster" for Texas, and Rick wants fucking TexMex. Just... Don't you have a nice house? I guess you have. Invite your friend and order the best mexican food available. Share stories about how we are all going to die and fucking laugh at it sipping the best champagne. Problem solved. |
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Guys, sorry for saying this but fuck crypto.
We are all going to die if they don't fix this shit soon. (or we'll wish we are dead) There are far more important shit going on and bitcoin's price is the last thing I am worried about right now. A lot changed in the last 24 hour.
The virus is spreading like how do you spell that shit expotential wat... error54 exponential? something like that.
That's why I didn't care that much about Bitcoin dumping and wiping a HUGE chunk of my net worth. At this worldwide situation, it is just funny numbers going up and down. No reason to panic over it. |
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Ok, who sold at the bottom?
mindrust One of our long term hodlers sadly sold everything. Hopefully he buys back in even if at a loss. 1 BTC = 1 BTCYeah, well, I meant besides that... ehmm... mindrust accident. Were you able to buy at the bottom as you planned? Bought 2 BTC today at $52xx That's surely a sizeable amount. I would have probably DCA it but... I have a hunch that it is just what you needed to reach your round number and you couldn't avoid doing it already  |
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Ok, who sold at the bottom?
mindrust One of our long term hodlers sadly sold everything. Hopefully he buys back in even if at a loss. 1 BTC = 1 BTCYeah, well, I meant besides that... ehmm... mindrust accident. Were you able to buy at the bottom as you planned? |
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Ok, who sold at the bottom?
I didn't sell shit, but BTC is only up because the DOW is back up a bit.. Not impressed.. No, both are up because they got severely dumped yesterday. I don't REALLY know if this is just a dead cat bounce, but a bottom is bottom... At least, until it isn't. |
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Ok, who sold at the bottom?
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4700 was my entry price and it is gone.
Didn't sell. Riding to zero.
Just woke up in the middle of the night to check the price everything is going according to the plan. I successfully destroyed half of my net worth and life savings.
Get a grip, mindrust!!!!!!!! You recently moved into the double digit club...  HELROW!!!!!!! Too late. You are up to a completely unexpected surprise a few pages after that post.... |
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Funny. The more it goes down the calmer I get. Said it before but there is no rationality behind selling hard money like gold and Bitcoin for soft money like USD. Especially because of some flu that will be all gone in a month or two.
The contrarian in me sees a huge buying opportunity, including stocks. This is Not 2008/2009, but mass hysteria.
Yup. But even if you do go bargain hunting... you never know how many hysteria there is left and how much better bargains will be created. All is well though. |
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So to hear Lambie and Torque tell it, the Chinese/Iranian and Western elites were all in on this scam together to fool us?
Yeah, not sure I am buying that.
It's all a huge fucking plot to ruin the Bitcoin halving FOMO. We should have known better though. Good thing we are all going to die soon anyways, so it won't really matter. |
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I have enough beer for the night, I think.. Most of a 30 pack..
I told my mom to stock up on food, she finally listened, and told me today that she bought 5 cases of beer to last a little while so she doesn't have to go to town..
Anyone else feel like getting blackout drunk?
You should stick with cookies and milk. You will thank me later. Don't mind cookies and milk... Your laddering! https://bitcointalk.org/index.php?topic=178336.msg54018476#msg54018476I need to know FFS! |
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Let's not judge guys... you don't know peoples financial positions or tolerance to financial stress either. It's been... it's been a day. Tomorrow will come and the world will keep on spinning. I'm sure in the long term we go up but at the moment it's all pretty crazy
Not to mention people have been watching their IRAs and 401Ks tank, they're worried about the nothingivirus, worried about getting laid off from work, maybe stressed out from figuring out childcare due to cancelled schools, and on and on. This is the problem, if this dump was happening at a time when world markets were not collapsing I wouldn't be worried. Hmmm, I don't know, maybe I would be more worried if it just had happened for no particular reason. |
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so how does this effect the halvening is my q
It will probably be posponed. That would be fun, wouldn't it? Well, by the time the halving comes there would be less worldwide uncertainty. Anyways, we will have to cope with the halving coming from an initial lower price than expected. Other than that, Bitcoin will keep rolling. |
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Just woke up.
Saw a dip down to 3800.
Un-fucking-real!
I wish I woke up now instead of an hour ago. 5400 I am ruined. You are not ruined. What I don't understand is that you were talking some hours ago that you wanted $4K to come to buy more... and instead you go all out Panic bested me. We don't know if we are already out of the woods or not (the world is completely fucked up right now) so there is a possibility you end having had made a "right" decision by selling but... doing anything because of panic is wrong no matter the outcome. Anyways, don't be hard on yourself... again, you are not ruined at all (many leveraged traders short or long probably really are right now)... just learn from it. |
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Just woke up.
Saw a dip down to 3800.
Un-fucking-real!
I wish I woke up now instead of an hour ago. 5400 I am ruined. You are not ruined. What I don't understand is that you were talking some hours ago that you wanted $4K to come to buy more... and instead you go all out |
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Finally some proper reaction to the ridiculous dump. This is fine.
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"Another proof that bitcoin is not a good hedge versus risky assets in risk-off episodes. It actually falls more than risky assets during risk-off." Is BTC worth anything at all anymore after this shitshow performance? Unsure.. If it doesn't hedge against the normie economy.... then.... Fuck it.. Junk.. Bitcoin is too fucking volatile to be a proper short term hedge. Long term it has performed like a great "hedge" though. |
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