Torque
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Activity: 3556
Merit: 5041
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December 05, 2018, 04:19:52 PM |
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OT: https://www.cnbc.com/2018/12/04/cramer-this-sell-off-was-caused-by-a-computer-driven-footrace.html"Here's the problem: there are now so many hedge funds using the same algorithm, same programs [that] there simply aren't enough investors willing to take the other side of the trade. If we all know that stocks go down on certain triggers, then who the heck would want to buy stocks?" Cramer said.
"That's how you get a day like today, where the market goes into free-fall," the "Mad Money" host continued. "When the percentages are against you and the algorithms are in charge, ... nobody wants to try to be a hero and bet against them."
It's like ol' Jimbo is literally confessing to the market manipulation via algos. And is it really any different in the Bitcoin market? I don't think so. |
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El duderino_
Legendary
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Activity: 2506
Merit: 12038
BTC + Crossfit, living life.
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December 05, 2018, 04:22:30 PM |
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El duderino_
Legendary
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Activity: 2506
Merit: 12038
BTC + Crossfit, living life.
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December 05, 2018, 04:24:52 PM |
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empowering
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Activity: 1078
Merit: 1441
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December 05, 2018, 04:24:52 PM |
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I feel a little bit of anti doom coming on ... sigh Cruel tricks  (Currently $3867) Cruel cruel tricks |
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El duderino_
Legendary
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Activity: 2506
Merit: 12038
BTC + Crossfit, living life.
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December 05, 2018, 04:25:14 PM |
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LFC_Bitcoin
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Activity: 3528
Merit: 9544
#1 VIP Crypto Casino
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December 05, 2018, 04:26:07 PM |
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That is literally me |
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kurious
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Activity: 2590
Merit: 1643
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December 05, 2018, 04:39:32 PM |
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It is busy here....
The last real 'crypto winter' we had saw WO thread activity drop right down - occasionally to just Chartbuddy posts for hours. I hope we haven't got to go through that valley of despair and tumbleweed again to get to the sunny uplands?
The WO seems as busy as ever which hardly feels like capitulation, but surely the figures say if it's not here, it is close...
I hope so, I am standing with my fiat 12-bore at the edge of the woods to give those dips both barrels as I spot 'em.
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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December 05, 2018, 04:40:11 PM |
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That is literally me I wouldn't describe you as a weird little prick. You are too hard on yourself, man. |
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gentlemand
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Activity: 2590
Merit: 3013
Welt Am Draht
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December 05, 2018, 04:41:21 PM |
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It is busy here....
The last real 'crypto winter' we had saw WO thread activity drop right down - occasionally to just Chartbuddy posts for hours. I hope we haven't got to go through that valley of despair and tumbleweed again to get to the sunny uplands?
The WO seems as busy as ever which hardly feels like capitulation, but surely the figures say if it's not here, it is close...
I hope so, I am standing with my fiat 12-bore at the edge of the woods to give those dips both barrels as I spot 'em.
I've often wondered about this. Many of the people here sat through 2014/15 so their hides will be like concrete. I guess that doesn't stop being bored shitless though. Even if the gloom matches it, there are still many more people to be gloomy together than last time. |
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Globb0
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Activity: 2674
Merit: 2053
Free spirit
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December 05, 2018, 04:53:16 PM |
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Just been to collect a bit of precious myself. Now off home to eat lots of junk food & get high! Hope to see $4,000 again by the end of the day   so the white...... has been deleted for a few days, and the green has arrived to recover and cool down for a few days i don't smoke myself for years.... very very sometimes on a birthday for lulz, but not often and especially cause my last birthday i was so sick of booze and just 5 hits of a joint .... man you cannot imagine how i was feeling @that time but short said i'm no SMOKER myself but i don't disapprove guys for smoking cause i do understand the fun of it as well  I really should live a clean life. Maybe when BTC moons. Sorry for the OT guys! Think Ill go the other way. I'm aiming for spiral of debauchery |
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RejectedBanana
Sr. Member
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Activity: 406
Merit: 551
I am a banana.
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December 05, 2018, 04:58:22 PM |
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Not sure if this was already posted, please don't kill the messenger as i don't agree with lots of these points. However, this shows where institutional investors (aka hedgies) are on this. https://twitter.com/DoveyWan/status/1068573163670261760In short: institutionals are shell-shocked and bewildered. My take home message from this particular tweetstorm: small size institutional money will not participate from now on. TL;DR she predicts that, similarly to how internet happened, blockchain will eat the world, but somehow traditional players (Fidelity, Paypal, etc) would be the winners and we would be the losers. I disagree, obviously. Key takeaway for Institutions, Bitmain, Forkers, etc: Bitcoin cannot be owned. Bitcoin will own you before you own Bitcoin. I'm referring to Bitcoin with a capital B. The protocol and network. Not bitcoin the currency. Of course you own your private keys. |
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ivomm
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Activity: 1853
Merit: 2841
All good things to those who wait
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December 05, 2018, 05:00:28 PM |
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bitserve
Legendary
 Online
Activity: 1820
Merit: 1464
Self made HODLER ✓
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December 05, 2018, 05:11:34 PM |
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WTF! Can't I just fucking go out to have some drinks for a few hours without Bitcoin shitting on me?
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Kylapoiss
Sr. Member
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Activity: 616
Merit: 292
I don't know where I'm going, but I'm going.
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December 05, 2018, 05:14:23 PM |
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WTF! Can't I just fucking go out to have some drinks for a few hours without Bitcoin shitting on me?
Just drink a bit longer, it'll bounce back eventually |
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El duderino_
Legendary
Offline
Activity: 2506
Merit: 12038
BTC + Crossfit, living life.
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December 05, 2018, 05:19:06 PM |
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@my prison looking gym.... need to work this DIP out of my system  How about that BEAR Pennant HM?? |
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bitserve
Legendary
Online
Activity: 1820
Merit: 1464
Self made HODLER ✓
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December 05, 2018, 05:23:53 PM |
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WTF! Can't I just fucking go out to have some drinks for a few hours without Bitcoin shitting on me?
Just drink a bit longer, it'll bounce back eventually Hope so. Gonna check my exchanges, I think I had a some limit buy orders in the 36xx area. And I drink all the time btw. It worked in 2017, not so much in 2018 though. P.S.: Fuck, I bought at $3711 and also at $3866 |
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VB1001
Legendary
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Activity: 938
Merit: 2540
<<CypherPunkCat>>
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December 05, 2018, 05:24:41 PM |
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I already have the post in if you want to visit, link: https://bitcointalk.org/index.php?topic=5080565.0I would be happy if you participate with any comments If you have any criticism or something to add I listen to your suggestions Thanks  |
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cAPSLOCK
Legendary
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Activity: 3738
Merit: 5127
Whimsical Pants
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December 05, 2018, 05:27:26 PM |
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https://twitter.com/btcking555/status/1070273504011005952BTCKING555
@btcking555 8 minutes ago
Approached by an investor desperate to liquidate Bitmain shares at $1,5 bln valuation ! Thats almost 90 prc down-round from August !
https://twitter.com/btcking555/status/1070278748606472192BTCKING555
@btcking555 53 seconds ago
With massive losses, Bitmain has no resources to support BCH. Illiquid BCH falls further hitting Bitmain balance sheet. Suppliers cut off credit lines & buyers wary to purchase equipment. IPO Canceled. Only solution - significant down round and VCs take over? Interesting to see! I am sure they survive in the end. In a much reduced capacity for better AND worse. Attack bitcoin... this is what happens. I will relish the coming humiliation of the new crop of attackers. |
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JayJuanGee
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Activity: 3710
Merit: 10211
Self-Custody is a right. Say no to"Non-custodial"
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December 05, 2018, 05:27:54 PM |
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Just a brief update: First round of beers have gone out. I've intentionally used low-fees. The mempool has risen since I started, this morning, and is in the process of clearing up. With any luck, you folks start seeing at least one confirmation soon.
I sent PoolMinor an extra two beers as thanks for compiling the list.
Apologies for the drama, but JJG made me legitimately see red.
That, and I'm a bit pissed at myself for not trying to resolve the "logistics" of the "beer boast post" sooner. Pure laziness on my part, really, and in retrospect, I have no excuse for not paying out.
In my defense, I recognize that I had difficulty reconciling the logistics of handling losing the call - "I can't really buy drinks for the entire thread. That is not practical. How do I resolve this in a fair way to the community ?"
It took me seeing red before I saw a reasonable solution.
Again, sincere apologies for trying to weasel my way out of it. It genuinely was not my intention, and I hope my resolution was considered fair.
EDIT: Just saw the entire first round of people get their first confirmation, so, cheers to you.
I gave you a merit on this post, even though I also gave you a lot of (likely deserved) shit in the past few days, and perhaps there is a bit of an acceptance of responsibility within this post that reaches some acceptable threshold rather than ongoing attempts to project fault. I actually don’t expect you to discontinue with your whining, attention whoring and other blawb bullshit, but at least this post seems to contain some self-reflection, rather than overboard emotional projection. |
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El duderino_
Legendary
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Activity: 2506
Merit: 12038
BTC + Crossfit, living life.
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December 05, 2018, 05:30:06 PM |
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WTF! Can't I just fucking go out to have some drinks for a few hours without Bitcoin shitting on me?
Just drink a bit longer, it'll bounce back eventually Hope so. Gonna check my exchanges, I think I had a some limit buy orders in the 36xx area. And I drink all the time btw. It worked in 2017, not so much in 2018 though. P.S.: Fuck, I bought at $3711 and also at $3866 Good cause you gonna be less happy if you must buy @5-dig And missed out the opportunity of these last weeks Be happy with what you bought |
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