600watt
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Activity: 2338
Merit: 2106
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June 13, 2016, 03:54:06 PM
Last edit: June 13, 2016, 04:10:27 PM by 600watt |
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oh no. my bitcoins are only worth what they were worth 1 hour ago.  edit: @darude: didn´t see you made the same joke before i did... |
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You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
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JimboToronto
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Activity: 4004
Merit: 4482
You're never too old to think young.
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June 13, 2016, 03:58:00 PM |
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2015Bubble
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June 13, 2016, 04:08:02 PM |
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since when is a correction a dump?
Already going up again
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savetherainforest
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June 13, 2016, 04:23:10 PM |
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Them chinese jukes ... LOL! ... very nice! Good volatility! ... I wonder on $1000+ ... 50$ - 100$ waves will probably be something common.
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nioc
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Activity: 1624
Merit: 1008
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June 13, 2016, 04:26:11 PM |
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I still don't get why the Chinese are very involved. Can anyone explain like I'm five? You will understand when you grow up. |
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DaRude
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Activity: 2789
Merit: 1817
In order to dump coins one must have coins
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June 13, 2016, 04:39:06 PM
Last edit: June 13, 2016, 04:55:22 PM by DaRude |
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I still don't get why the Chinese are very involved. Can anyone explain like I'm five? You will understand when you grow up. Oh that's mean  Let me try. Your parents become rich and start giving you a very good allowance. The only problem is that they pay that allowance in "parent tokens" which you can only use around your house for things like extra TV time, or paying your sister to pick up your toys for you, or paying your other brother to do your homework. Life is good you saved up a bunch of these "parent tokens" but suddenly your dad looses his job and you're afraid that your "parent tokens" will become useless, plus you wanna buy ice cream but the store only accepts real dollars. Now your parents are going bankrupt and won't exchange those "parent tokes" for real dollars themselves, so you go to your older brother who said he can change those "parent tokens" for bitcoins, and you know once you got those you can spend them anywhere in the world. Now you have a huge family so you tell it to all of your other 15 brothers and sisters and they all come running to that one big brother to change all of their "parent tokens" to bitcoins. How did i do? |
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toknormal
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Activity: 3066
Merit: 1188
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June 13, 2016, 04:44:51 PM |
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I'm starting to get nervous now to be honest. I'm sitting on coins wondering when to get out. I don't want to miss the top & end up seeing a big dump.
Eh ? Wot yoo tokin about ?  Cos once your out of bitcoin, yo in fiat. Quicksand. |
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nioc
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Activity: 1624
Merit: 1008
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June 13, 2016, 04:46:37 PM |
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I still don't get why the Chinese are very involved. Can anyone explain like I'm five? You will understand when you grow up. Oh that's mean I always thought so as a kid. I never told my daughter that. |
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nioc
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Activity: 1624
Merit: 1008
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June 13, 2016, 04:51:31 PM |
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In other news I just requested a btc payment from an account that is denominated in fiat and scheduled to be processed on Wednesday.
I wonder what the price will be when it is processed.
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Bavaria
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June 13, 2016, 05:15:16 PM |
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Are we making a little pause before making another leg up?  |
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JimboToronto
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Activity: 4004
Merit: 4482
You're never too old to think young.
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June 13, 2016, 05:19:53 PM |
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Are we making a little pause before making another leg up? Probably. The question is for how long. |
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becoin
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Activity: 3431
Merit: 1233
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June 13, 2016, 05:21:02 PM |
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Cos once your out of bitcoin, yo in fiat. Quicksand.
Smart money get out of bitcoin from time to time. But they don't get in fiat. They get in gold. That's why they are smart money. |
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julian071
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June 13, 2016, 05:24:42 PM |
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LTC/USD is down. In the days of old, BTC and LTC rates would be inverse. Now, it seems to me LTC seems somewhat of a predictor for the BTC rate. Is that just me or have other people noticed the same?
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conspirosphere.tk
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Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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June 13, 2016, 05:27:14 PM |
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LTC/USD is down. In the days of old, BTC and LTC rates would be inverse. Now, it seems to me LTC seems somewhat of a predictor for the BTC rate. Is that just me or have other people noticed the same?
Yes. I suppose it's because LTC helps to play in arbitration. |
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LFC_Bitcoin
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Activity: 3528
Merit: 9552
#1 VIP Crypto Casino
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June 13, 2016, 05:31:50 PM |
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Bear Trap, hold on It looks that way, hope they opened lots of soon to be burned shorts. |
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pinger
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Activity: 1512
Merit: 1001
Bitcoin - Resistance is futile
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June 13, 2016, 05:32:37 PM |
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LTC/USD is down. In the days of old, BTC and LTC rates would be inverse. Now, it seems to me LTC seems somewhat of a predictor for the BTC rate. Is that just me or have other people noticed the same?
Yes. I suppose it's because LTC helps to play in arbitration. Is the way to stay out of Bitcoin not in Fiat. LTC was very stable over the last months. |
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pandalion98
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June 13, 2016, 05:35:45 PM |
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I still don't get why the Chinese are very involved. Can anyone explain like I'm five? 1. Chinese people are very many. 1.3 billion people. It's like 4 USA. 2. The growth in China in the last 10 years created many rich people 3. China has very strict capital controls which means that people cannot easily convert their YUANs to other currencies or transfer their money in other countries 4. Chinese can transfer Yuans within China to buy Bitcoin with Chinese exchange. 5. Bitcoin is becoming a fashionable investment instrument in China I like point 1, but the rest really cleared it up for me. Thanks for that |
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toknormal
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Activity: 3066
Merit: 1188
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June 13, 2016, 05:42:42 PM
Last edit: June 13, 2016, 06:06:20 PM by toknormal |
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Smart money get out of bitcoin from time to time. But they don't get in fiat. They get in gold. That's why they are smart money.
I'd say the dumb money is in gold. If you want to be standing with your pants around your ankles in ten years time then invest in gold. Here's the problem: Over the last few millennia, gold gained value due to its monetary properties more than anything. In particular, those of limited supply, fungibility and mobility because coins could be transported anywhere in the age of physical markets and exchanged directly - peer to peer - just as bitcoin is. However this is no longer possible. Gold has lost this, most important of monetary properties since during the last half century the bulk of the world's trade has moved from a physical to an electronic platform. This means that you no longer transfer ownership and possession of gold in the same trade and so consequently the gold market has forked into 2 distinct monetary media: a physical one and a (so called) "paper" one where ownership is transferred but posession cannot be taken. The problem with the paper market is that it is not a fixed supply, so bang goes the second of gold's great monetary properties. Gold traders can choose which of these two media they prefer to trade - you can have either mobility or possession but you can't have both. Because of this "forking" of the market, gold will never again command the kind of values or be able to support the same kind of "safe haven" investment that it did during the last few centuries. It is handicapped permanently and pegged at a value which represents the balance of demand between the physical and paper markets. Cryptocurrencies, on the other hand, remedy the problem since they are the perfect "bearer instrument". One with which you can take both ownership and possession in the same trade and for that reason are likely to outperform precious metals by several orders of magnitude over the next few years.  |
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