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Eamorr (OP)
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January 11, 2015, 07:52:54 PM
Last edit: January 11, 2015, 08:14:59 PM by Eamorr |
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***I am not saying the market will collapse. I am asking what your strategy is in the event of a panic.
Say the market collapsed (below $10), what would happen to the exchanges?
I guess trading would be "suspended" to allow the insiders to get out first and it would be very hard to convert the last remaining value of your BTC before hitting $10 and below.
How could I get back to fiat in a panic situation? I guess nobody on localbitcoins.com would be buying?
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matt4054
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Activity: 1946
Merit: 1035
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January 11, 2015, 08:07:48 PM |
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I'm 100% in US dollars at the moment. I'll get back in once the price is right.
Like I said - I have 50% of my crypto wealth in BTC. I have skin in the game.
So you have 100% USD, 50% BTC, and 0% credibility  And why would exchanges shut down if the price collapses anyway? They're collecting fees no matter what... |
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Eamorr (OP)
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January 11, 2015, 08:14:10 PM |
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I'm 100% in US dollars at the moment. I'll get back in once the price is right.
Like I said - I have 50% of my crypto wealth in BTC. I have skin in the game.
So you have 100% USD, 50% BTC, and 0% credibility And why would exchanges shut down if the price collapses anyway? They're collecting fees no matter what... I change in and out of BTC/USD like the British weather. If you must know, at the moment, I'm 75% XRP, 25% USD and 0% BTC. If you have something constructive to say on the thread I started; please do. Otherwise, stop trolling the thread. |
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Bit_Happy
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A Great Time to Start Something!
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January 12, 2015, 03:10:06 AM |
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***I am not saying the market will collapse. I am asking what your strategy is in the event of a panic.
Say the market collapsed (below $10), what would happen to the exchanges?
I guess trading would be "suspended" to allow the insiders to get out first and it would be very hard to convert the last remaining value of your BTC before hitting $10 and below.
How could I get back to fiat in a panic situation? I guess nobody on localbitcoins.com would be buying?
That is the worst time to sell, why not buy more at the best time? |
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Eamorr (OP)
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January 12, 2015, 07:22:55 AM |
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***I am not saying the market will collapse. I am asking what your strategy is in the event of a panic.
Say the market collapsed (below $10), what would happen to the exchanges?
I guess trading would be "suspended" to allow the insiders to get out first and it would be very hard to convert the last remaining value of your BTC before hitting $10 and below.
How could I get back to fiat in a panic situation? I guess nobody on localbitcoins.com would be buying?
That is the worst time to sell, why not buy more at the best time? Completely off topic. |
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TheButterZone
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RIP Mommy
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January 12, 2015, 08:03:27 AM |
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Set off an EMP from a blimp, then sell an unsealed Casascius coin for the pre-crash price since the buyer won't be able to check the market prices.
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Saying that you don't trust someone because of their behavior is completely valid.
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medUSA
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--Signature Designs-- http://bit.ly/1Pjbx77
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January 12, 2015, 10:30:47 AM |
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***I am not saying the market will collapse. I am asking what your strategy is in the event of a panic.
Say the market collapsed (below $10), what would happen to the exchanges?
I guess trading would be "suspended" to allow the insiders to get out first and it would be very hard to convert the last remaining value of your BTC before hitting $10 and below.
If bitcoin price is so low, I would imagine there would be panic buy at the same time. Exchanges are collecting fee as usual and not affected by drop in price. May be the increase in volume might cause the servers to slowdown. All in all, my strategy is probably be buying more btc. |
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redbean2010
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January 12, 2015, 12:03:28 PM |
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BTC crashed from 30usd to 0.1USD before.
so , it might dumped from 300usd to 1usd.
yeah, there is a chance.
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sase007
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January 12, 2015, 12:04:11 PM |
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In case of emergency, put blanket over your head  |
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Eamorr (OP)
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January 12, 2015, 12:32:37 PM
Last edit: January 13, 2015, 01:04:09 AM by Eamorr |
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I guess "circuit breakers", "hack", "huge volume", "technical difficulties" are terms/phrases we'll be hearing about a lot more...
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BlindMayorBitcorn
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January 13, 2015, 01:12:17 AM |
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I'm 100% in US dollars at the moment. I'll get back in once the price is right.
Like I said - I have 50% of my crypto wealth in BTC. I have skin in the game.
So you have 100% USD, 50% BTC, and 0% credibility And why would exchanges shut down if the price collapses anyway? They're collecting fees no matter what... I change in and out of BTC/USD like the British weather. If you must know, at the moment, I'm 75% XRP, 25% USD and 0% BTC. If you have something constructive to say on the thread I started; please do. Otherwise, stop trolling the thread. Ripple is SHIT  |
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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Eamorr (OP)
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January 13, 2015, 01:19:23 AM |
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I'm 100% in US dollars at the moment. I'll get back in once the price is right.
Like I said - I have 50% of my crypto wealth in BTC. I have skin in the game.
So you have 100% USD, 50% BTC, and 0% credibility And why would exchanges shut down if the price collapses anyway? They're collecting fees no matter what... I change in and out of BTC/USD like the British weather. If you must know, at the moment, I'm 75% XRP, 25% USD and 0% BTC. If you have something constructive to say on the thread I started; please do. Otherwise, stop trolling the thread. Ripple is SHIT At least I'm not in the shit. |
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BlindMayorBitcorn
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Merit: 1116
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January 13, 2015, 01:23:34 AM |
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I'm 100% in US dollars at the moment. I'll get back in once the price is right.
Like I said - I have 50% of my crypto wealth in BTC. I have skin in the game.
So you have 100% USD, 50% BTC, and 0% credibility And why would exchanges shut down if the price collapses anyway? They're collecting fees no matter what... I change in and out of BTC/USD like the British weather. If you must know, at the moment, I'm 75% XRP, 25% USD and 0% BTC. If you have something constructive to say on the thread I started; please do. Otherwise, stop trolling the thread. Ripple is SHIT At least I'm not in the shit.  via Imgflip Meme Maker |
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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BlindMayorBitcorn
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January 13, 2015, 01:24:49 AM |
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Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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BlindMayorBitcorn
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January 13, 2015, 01:27:08 AM |
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Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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Eamorr (OP)
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January 13, 2015, 01:28:19 AM |
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I'm 100% in US dollars at the moment. I'll get back in once the price is right.
Like I said - I have 50% of my crypto wealth in BTC. I have skin in the game.
So you have 100% USD, 50% BTC, and 0% credibility And why would exchanges shut down if the price collapses anyway? They're collecting fees no matter what... I change in and out of BTC/USD like the British weather. If you must know, at the moment, I'm 75% XRP, 25% USD and 0% BTC. If you have something constructive to say on the thread I started; please do. Otherwise, stop trolling the thread. Ripple is SHIT At least I'm not in the shit. Shouldn't you be filling your boots with bargain bitcoin? Instead you're spending your time doing silly pictures. Isn't there an alt-coin thread where you can troll XRPers to your heart's content? |
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Eamorr (OP)
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January 13, 2015, 01:30:09 AM |
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This thread is about what to do in an emergency. Not Ripple. There's a whole sub-section on bitcointalk for you.
Ignore.
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BlindMayorBitcorn
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Activity: 1260
Merit: 1116
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January 13, 2015, 01:31:11 AM |
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I'm 100% in US dollars at the moment. I'll get back in once the price is right.
Like I said - I have 50% of my crypto wealth in BTC. I have skin in the game.
So you have 100% USD, 50% BTC, and 0% credibility And why would exchanges shut down if the price collapses anyway? They're collecting fees no matter what... I change in and out of BTC/USD like the British weather. If you must know, at the moment, I'm 75% XRP, 25% USD and 0% BTC. If you have something constructive to say on the thread I started; please do. Otherwise, stop trolling the thread. Ripple is SHIT At least I'm not in the shit. Shouldn't you be filling your boots with bargain bitcoin? Instead you're spending your time doing silly pictures. Isn't there an alt-coin thread where you can troll XRPers to your heart's content?  via Imgflip Meme Maker |
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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Bit_Happy
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Activity: 2114
Merit: 1040
A Great Time to Start Something!
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January 13, 2015, 02:33:32 AM |
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This thread is about what to do in an emergency. Not Ripple. There's a whole sub-section on bitcointalk for you.
Ignore.
You find people looking to buy, since they will be happy to scoop up BTC at bargain prices. Every past "emergency" has seen no shortage of buyers in response to panic selling and (temporary) lower prices. |
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