Richy_T
Legendary
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Activity: 2548
Merit: 2247
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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December 08, 2017, 03:16:53 AM |
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Don’t eat, buy a Trezor and get All of them off the exchange and into cold.
Fixed Heck, get all of them off the exchange and onto a virus-ridden windows box and it's probably still safer
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RayX12
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December 08, 2017, 03:19:59 AM |
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Man we are getting rich but the fucking MINERS are getting richer.. 210,000 unconfirmed transactions now. Bitcoin fees are at 410 sat/byte. so avrg transaction of 226 bytes pays 0.00092 B = $15 Mempool is reaching all time high https://jochen-hoenicke.de/queue/#30dAll bullish indicators to $20 K and beyond!! Who is buying all the Bitcoin?? Everyone??? Are we rich yet ?
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Imbatman
Member
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Activity: 85
Merit: 13
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December 08, 2017, 03:20:06 AM |
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So Cramer just admitted on cnbc that Bitcoin supply was a problem. Because it forces market makers to push the market as high as possible to "shake out more coins". But that's not happening. People aren't taking profits like they expected. He's worried that they'll have to push the Bitcoin market cap to $1T first before they start to see more supply hit the exchanges.
This is fkn hilarious. They can't just call up someone and whip up more stock shares (like they do when other equities launch!). He basically just revealed what everyone has been suspecting for a long time now, that the U.S. stock market is a complete fraud that only enriches the wealthy elites.
If anyone is looking for a good book, pick up A Conspiracy of Paper by David Liss. It's an excellent historical fiction novel centering around the beginnings of the London Stock Exchange circa 1795 and it draws parallels to current times. Essentially it was propped up BS back then, and 220 years later -- absolutely nothing has changed. I abhor Wall Street, and I know what they are trying to do here and hope they fail miserably. The ruin everything and add no value to this world.
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arklan
Legendary
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Activity: 1778
Merit: 1008
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December 08, 2017, 03:26:28 AM |
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Don’t eat, buy a Trezor and get half of them off the exchange and into cold.
I think he meant $35 and not 35 BTC. It would make no sense for someone with 35BTC (probably a very-soon-to-be bitcoin millionaire) whining about his poor judgement/luck. Yea, dollars. And... I mean the whole 2008 financial crisis certainly didn't help, but to say it's bad luck is just not true. I had mined about 20 btc, and then did the first group buy of usb asicminer block eruptors, which had me at 15 ghash in 2013...was like 3 btc a week for a bit there. But I'd just made some dumb choices and said/not said/done things that lead to near homelessness unemployment. Didn't have a stable job again until 2015, so all the btc I had and was mining got spent and was gone before the 2013 bubble. Ugh. I'll shut up now.
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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December 08, 2017, 03:34:04 AM |
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Ok brother - understood and good luck in this great game.
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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December 08, 2017, 03:35:36 AM |
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BFX and Bitstamp taking some time off to smell the roses and enjoy the journey.
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MNDan
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December 08, 2017, 03:39:55 AM |
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What's with the overloaded mempool and high transaction fees? Looks like BCash is getting a tiny pump - coincidence?
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Punisher13142
Newbie
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Activity: 22
Merit: 0
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December 08, 2017, 03:47:46 AM |
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Looks like BCash is getting a tiny pump - coincidence?
Ver's last try to pump the trashcoin above 0.1 i think . It caused a ridicolous correction in the btc market, lmao
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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December 08, 2017, 04:08:46 AM |
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So...some of us remember the early days when someone with a good chunk of money, like $10-50k could come in and move the market around and we saw a lot of volatility and watched as the walls moved things up and down (hence a thread to watch those walls).
The response to such volatility was that as the market grew such small amounts wouldn't be able to manipulate the market and things would stabilize. But now we have financial firms and big time investment companies coming in doing the things that the small whales did in the early days.
The same response to the volatility holds true, eventually the market cap will be so big that even those big firms can't move the price very much.
Then come full nation states trying to move the price.
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criptix
Legendary
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Activity: 2464
Merit: 1145
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December 08, 2017, 04:11:08 AM |
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OK lets get back to serious business... WHO IS BUYING?
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ForeverSmall
Newbie
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Activity: 36
Merit: 0
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December 08, 2017, 04:11:45 AM |
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Wall is crazy to bring the bitcoin into worldwide it make bitcoin grow too fast and no one can't control it now like a ballon it will blow it sometime in the future but not know in 1 year or 100 years )
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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December 08, 2017, 04:13:07 AM |
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It looks like last night we went through the full bubble cycle in like 6 hours, including return to the mean (on GDAX).
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JayJuanGee
Legendary
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Activity: 3836
Merit: 10803
Self-Custody is a right. Say no to"Non-custodial"
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December 08, 2017, 04:15:41 AM |
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made more while typing this post than working an entire week monthwtf YEAR?!?!?! that can´t be true
Imagine how the truly wealthy elite like Warren Buffett feel, when a 1+% swing in the stock market means he just made $40M (I just made this number up, but you get the point). Or even guys like Tim Draper or the WinkleVoss twins. 2-3% swings in Bitcoin are millions to them. I think that several of us are on a similar page, and we are starting to get more personalized feelings for that. If your portfolio goes from swinging $100s of dollars in a day to thousands to tens of thousands to hundreds of thousands, these matters become more and more relatable, even if you do no have millions or tens of millions of changes, many of us are coming closer to that.. and if you have had anywhere the 200 coins or above, you have already experienced an upwards swing of a million in a few days. ... even if you "ONLY" had 100 coins, you still have more than half a million swing in a few days. And congrats to all 60 or more coin holders for touching upon bitcoin millionnaire status today... hopefully prices will continue in that upwards direction.
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jojo69
Legendary
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Activity: 3276
Merit: 4522
diamond-handed zealot
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December 08, 2017, 04:17:20 AM |
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So...some of us remember the early days when someone with a good chunk of money, like $10-50k could come in and move the market around and we saw a lot of volatility and watched as the walls moved things up and down (hence a thread to watch those walls).
The response to such volatility was that as the market grew such small amounts wouldn't be able to manipulate the market and things would stabilize. But now we have financial firms and big time investment companies coming in doing the things that the small whales did in the early days.
The same response to the volatility holds true, eventually the market cap will be so big that even those big firms can't move the price very much.
Then come full nation states trying to move the price.
then we win?
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criptix
Legendary
Offline
Activity: 2464
Merit: 1145
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December 08, 2017, 04:19:36 AM |
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So...some of us remember the early days when someone with a good chunk of money, like $10-50k could come in and move the market around and we saw a lot of volatility and watched as the walls moved things up and down (hence a thread to watch those walls).
The response to such volatility was that as the market grew such small amounts wouldn't be able to manipulate the market and things would stabilize. But now we have financial firms and big time investment companies coming in doing the things that the small whales did in the early days.
The same response to the volatility holds true, eventually the market cap will be so big that even those big firms can't move the price very much.
Then come full nation states trying to move the price.
then we win? no not really, they have guns, tanks and jet bombers you will just need to happily pay your tax then all should be good.
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Rosewater Foundation
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December 08, 2017, 04:20:33 AM |
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And congrats to all the new quarter-millionaires. You're great!
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Rosewater Foundation
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December 08, 2017, 04:22:42 AM |
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Ok brother - understood and good luck in this great game.
Don't mind him, he pulls the poor boy routine every pump. Thinks we'll ply him with sympathy riches.
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Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
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December 08, 2017, 04:23:57 AM |
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So...some of us remember the early days when someone with a good chunk of money, like $10-50k could come in and move the market around and we saw a lot of volatility and watched as the walls moved things up and down (hence a thread to watch those walls).
The response to such volatility was that as the market grew such small amounts wouldn't be able to manipulate the market and things would stabilize. But now we have financial firms and big time investment companies coming in doing the things that the small whales did in the early days.
The same response to the volatility holds true, eventually the market cap will be so big that even those big firms can't move the price very much.
Then come full nation states trying to move the price.
then we win? The only reason nation states would want to manipulate the bitcoin price is because they have a lot of bitcoins. Like how they manipulate gold prices.
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realr0ach
Sr. Member
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Activity: 924
Merit: 311
#TheGoyimKnow
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December 08, 2017, 04:25:25 AM |
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There's some extreme delusion in this thread. The dollar cost average of coins that the jew banks hold is lower than the vast majority of people in this thread...and they probably own 1/2 to 3/4ths of Crapthereum. They're all massively hedged in this garbage long ago.
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windjc
Legendary
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Activity: 2156
Merit: 1070
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December 08, 2017, 04:29:53 AM |
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There's some extreme delusion in this thread. The dollar cost average of coins that the jew banks hold is lower than the vast majority of people in this thread...and they probably own 1/2 to 3/4ths of Crapthereum. They're all massively hedged in this garbage long ago.
Haha. You are the ultimate troll. I bet Roach has over 1000btc and just trolls for fun. Otherwise its a fucking sad story.
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