JimboToronto
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Activity: 4438
Merit: 5693
You're never too old to think young.
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January 19, 2018, 07:40:42 PM |
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Have you found any bitcoin ATMs in Mexico you can use to buy the dip yet? I found twelve in Mexico from a google.
When I first checked the BTC ATM situation in Mexico last year, there were only 3, 2 in Tijuana and one in Mexico City, according to CoinATMradar. Now they're popping up everywhere, however they're still pretty scarce in the Yucatan peninsula. There are none in Quintana Roo where I am but there's one in Merida, a few hours drive away, in case of an emergency. There's little to no chance of me buying a dip like the one a few days ago. I just had to sit back and be grateful I bought my CAD when the price peaked almost 2 weeks ago and congratulate those smart and lucky enough to buy the dip, while pitying the fools who panic sold. I figured I'd only use BTC here in an extreme emergency. Hopefully I'll have enough fiat left when I get home to buy the first dip that comes along. |
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conspirosphere.tk
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Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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January 19, 2018, 07:55:46 PM |
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Off to bundle-up, hop on a horse, and start makin' muh way around the snowy countryside, lookin' out for them coyotes.
So are we going to break through $12k today or what ?
Imo you could better take several days of holiday hunting coyotes and whatnot. This weekend will be critical to know if the bottom holds. |
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BTCMILLIONAIRE
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January 19, 2018, 07:56:27 PM |
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How the fuck do exchanges even go insolvent? |
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Imbatman
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Activity: 85
Merit: 13
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January 19, 2018, 08:01:28 PM |
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How the fuck do exchanges even go insolvent? Is this "priced in", or are we going to catapult down even further when they do finally go under? Wondering how much of the recent plunge was the futures contracts coming due versus BitConnect. |
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jbreher
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Activity: 3080
Merit: 1689
lose: unfind ... loose: untight
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January 19, 2018, 08:18:08 PM |
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Thanks. That interview (linked in the transcript) distills down into a concise half-hour the extent of the gulf between popular cultural norms and rationality. |
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bones261
Legendary
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Activity: 1806
Merit: 1828
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January 19, 2018, 08:26:55 PM |
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How the fuck do exchanges even go insolvent? Either they got "hacked" or they misappropriated the funds. Bitfinex got "hacked" back in the Summer of 2016. I highly suspect that they have misappropriated funds, though, and the "hack" was a inside job. Even if it was not an inside job, it takes a special kind of stupid to allow some hacker to access the hundreds of private keys that was required for the "hack." It may be really bad for the BTC economy when they finally go under. However, in the end, the cryptocurrency marketplace will be better without them. I absolutely dispise Bitfinex. |
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conspirosphere.tk
Legendary
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Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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January 19, 2018, 08:27:56 PM |
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Mentally psyching myself up to sell my next block, next week around $11.5k, if we don't find support at $12.5k.
I need to stay on schedule for end of Q1.
I prefer to change my plans and remain almost all in, betting on a recovery in a month or 2. If I did not sell at 20K why should I sell at 11K? |
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bitebits
Legendary
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Activity: 2317
Merit: 3791
Flippin' burgers since 1163.
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January 19, 2018, 09:03:41 PM |
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[...]
- I have goals I am looking to achieve, and will still be HODLing Bitcorn in the end. So the timing sucks right now. Oh well. I can't get greedy.
What kind of goals are you looking to achieve that require a sudden >$500k <$1000k, if I may ask. Wouldn't it otherwise be wise to hang on to a larger part of your bitcoin stash? That is if you are still long term bullish on Bitcoin of course (which you seem to be). |
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BTCMILLIONAIRE
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January 19, 2018, 09:14:37 PM |
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What kind of goals are you looking to achieve that require a sudden >$500k <$1000k, if I may ask.
Looking to cash out $3M USD worth of Bitcorn before March 1 to have it working for me in a retirement portfolio by end of Q1. Ideally, I'd like to sell higher than lower, but recognize this is a rough season. Is there any particular reason for that date? Seems quite arbitrary given that I'm not aware of any funds that restrict entries based on time. |
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BTCMILLIONAIRE
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January 19, 2018, 09:17:45 PM |
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Fair enough. Good luck with that.
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TERA2
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Activity: 266
Merit: 222
Deb Rah Von Doom
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January 19, 2018, 09:27:27 PM |
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I also need to withdraw a huge amount to pay taxes and the exchanges are dragging their feet. It's freaking me out. What about private buyers?
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BTCMILLIONAIRE
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January 19, 2018, 09:29:23 PM |
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Wasn't there some service that connected whales peer to peer for crypto <-> fiat trades?
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TERA2
Full Member
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Activity: 266
Merit: 222
Deb Rah Von Doom
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January 19, 2018, 09:37:10 PM |
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Theres whaleclub but I dont consider myself a whale, more of a dolphin.
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bitebits
Legendary
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Activity: 2317
Merit: 3791
Flippin' burgers since 1163.
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January 19, 2018, 09:43:53 PM |
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Theres whaleclub but I dont consider myself a whale, more of a dolphin.
A dodge dolphin. Someone with photoshop skills? |
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bitChipper
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January 19, 2018, 09:49:49 PM |
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What kind of goals are you looking to achieve that require a sudden >$500k <$1000k, if I may ask.
Looking to cash out $3M USD worth of Bitcorn before March 1 to have it working for me in a retirement portfolio by end of Q1. Ideally, I'd like to sell higher than lower, but recognize this is a rough season. $3Mil USD into a retirement portfolio by end of Q1 huh? thats an impressive goal... may i ask how you intend to get into a retirement portfolio? or how you intend to deal with tax liability? |
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xhomerx10
Legendary
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Activity: 4270
Merit: 10059
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January 19, 2018, 09:50:16 PM |
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Theres whaleclub but I dont consider myself a whale, more of a dolphin.
A dodge dolphin. Someone with photoshop skills? Swimmin' with the fishes -  |
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4393
Be a bank
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January 19, 2018, 09:57:01 PM |
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 parking lot of a btc conference |
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TERA2
Full Member
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Activity: 266
Merit: 222
Deb Rah Von Doom
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January 19, 2018, 09:58:12 PM |
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or just a parking lot in miami
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HairyMaclairy
Legendary
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Activity: 1442
Merit: 2284
Degenerate bull hatter & Bitcoin monotheist
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January 19, 2018, 10:01:24 PM |
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How the fuck do exchanges even go insolvent? Is this "priced in", or are we going to catapult down even further when they do finally go under? Wondering how much of the recent plunge was the futures contracts coming due versus BitConnect. No it’s not priced in. Tether popping would see a monumental market recalibration. Keep in mind there are lots of exchanges that heavily use Tether as a reserve currency like Bittrex and HitBC. I believe that Bitstamp and GDAX use “real” USD but they would not escape the firestorm. I don’t have good answers how to mitigate the risk other than exiting the market completely. |
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