Thread: RIP Bitcoin

^^^^^

I've seen stop-loss functionality on some exchanges. I'm not into day trading so have never used it. I would assume that as long as there are buy orders it would work?

The Fly is correct but maybe more apt to say insider knowledge which keeps everyone out of the loop and still within the parameters.

Originally Posted by redhaze

If it isn't the network that moves money, and if it isn't useable to purchase items, then what is its value as a commodity? Long term, I'm saying....

there is no underlying asset, except the cost of electricity it carries

so it's a cost carrying forward model, as it takes more and more electricity to produce, its value explodes

Originally Posted by YourDaddy

I'm calling the crash by Friday.

You read it here first!

don't count on it, there is no shortage of fools and idiots, and chav plumbers in this world as clearly demonstrated in this thread, so it can reach easily the moon

Originally Posted by Pattaya Plies

The Fly is correct but maybe more apt to say insider knowledge which keeps everyone out of the loop and still within the parameters.

holding insider knowledge is not illegal, it's the way confidential and material information are being disclosed to third parties that constitute insider trading. Actually in some case, no trades or profit were made, but some poor guy got caught onto it.

in bitcoins, there could be collusion between a few participants to manipulate the market, like we had with the LIBOR scandal

and if it's a scam with scammers managing it all, then it's simply a criminal enterprise

Originally Posted by Dragonfly

Originally Posted by YourDaddy

I'm calling the crash by Friday.

You read it here first!

don't count on it

yep, agree, especially as unlike open markets, the exchanges that bitcoins are traded on don't encourage natural shorts like most markets do.

like a pyramid scheme, as long as more people are piling their money into bitcoin, it'll continue to go up (with dips of profit taking).

until it doesn't (of course).

Originally Posted by AntRobertson

That you drink piss.

Wasn't that already clear?

.

And what do you know about drinking piss? Precious fuck all it seems.

And what do you know about Bitcoin? Precious fuck all it seems.

Clearly you have a passion/obsession for engaging in discussion about things you know nothing about.

Ignorant doesn't really even begin to describe it.

lu ur in los . tradeing in bt, and ur broker is,?

Originally Posted by Mr Earl

And what do you know about drinking piss? Precious fuck all it seems.

My guess is he intends to keep it that way.

Ok so I'm having trouble deciding where to buy this shit. The options on my end all seem like total shit in that a week long identification verification process has to take place before I can do anything. Plus I have to send them my drivers license, utility bill, and social security number.

Among those shitty options, thinking about using Kraken or CEX. I would have added Gemini to this list but they don't currently serve my state. Coinbase is another option but heard bad things and higher fees on top

Anyone have any better suggestions? Again, currently residing in the US.

I gave up yesterday trying to register with coinbase which turns out a lucky move as price of LTC seems to be down on this time yesterday. Just don't know who to believe as when googling for exchanges as many people say any particular one is trustworthy say it's a scam and don't use them. Think I'll just stay a spectator as becoming not worth the hassle.

Originally Posted by buriramboy

Think I'll just stay a spectator as becoming not worth the hassle.

Sort of where I'm heading with it as well. The amount of personal info. needed to be given away isn't really doing it for me

I've found Bitstamp to be one of the most boring, least cheap, minimal option exchanges.
On the plus side it's never had a 'hacking' incident, verified my credentials in less than a week and I got instant BTC on a credit card which I then used to buy XRP or sent to other exchanges to diversify among the alts.


I expect with the current cryptomania no exhcange is gonna do the verification fast. It's part of the Anti-Money luandring process that they have to implement KYC (Know Your Customer) or face massive fines.

Originally Posted by Plan B

I expect with the current cryptomania no exhcange is gonna do the verification fast. It's part of the Anti-Money luandring process that they have to implement KYC (Know Your Customer) or face massive fines.

yep, not dissimilar to opening up stock and currency trading accounts.

though, redhaze: if you need a quick hit of crypto, apparently there are bitcoin atms:

https://slonbtm.com/buy-bitcoin/

How To Buy Bitcoin at a Slon BTM

Genesis Machine



Step 1: Choose “Buy Bitcoin” at the Slon Bitcoin ATM

Step 2: Choose the amount you want to buy (the higher the amount, the more verifications you need to provide)

Step 3: Enter your cell phone number using the ATM pin pad, get SMS code and enter the received code on the machine.

Step 4: Choose how you want to receive your Bitcon: choose QR code if you have a wallet already (recommended), you can also generate and print a paper wallet at the machine, or just input your address manually.

Step 5: Then enter your address, and insert cash.

Step 6: Click finish when you are ready, and Bitcoin will immediately be sent to your wallet.

Step 7: At the end of your transaction you will receive a paper receipt along with a text message containing a link to confirm your transaction on the blockchain.

https://coinatmradar.com/country/226...united-states/

Bitcoin ATMs are popping up in Mid-Michigan

(12/12/17) A new type of ATM is starting to show up in Mid-Michigan.

Easy to register and purchase with a credit card.

ALT coins portfolio up around 45% today.

Originally Posted by Mr Earl

And what do you know about drinking piss? Precious fuck all it seems.

And glad of it.

However from what I have observed it appears to have an exponentially deteriorous effect on mental faculties and cause nonsensical ranting, paranoia, delusions and delirium. That’s from observing an admittedly small sample size of one though.

Rant over this precious...5555

^ You fucking hypocrite. Burn more energy as long as it goes in your back pocket. Fuck the planet. Lying sack of shit.

Bitcoin Mining on Track to Consume All of the World?s Energy by 2020

Originally Posted by bsnub

hypocrite

without a doubt.

Earl will outrun global warming in one of his seven vehicles all the while cursing the gubmint that he wants to fail for not doing anything about it. Because being a self-contradictory hypocrite is apparently another side effect of drinking your own piss.

Originally Posted by redhaze

Ok so I'm having trouble deciding where to buy this shit. The options on my end all seem like total shit in that a week long identification verification process has to take place before I can do anything. Plus I have to send them my drivers license, utility bill, and social security number.

Among those shitty options, thinking about using Kraken or CEX. I would have added Gemini to this list but they don't currently serve my state. Coinbase is another option but heard bad things and higher fees on top

Anyone have any better suggestions? Again, currently residing in the US.

just been thro this shit myself, so much for annonimity,,, more regulated than theyd have u believe.

^^ O gawd I owe you a green for that one.

Heh Snubbings... save the environment - log off your computer for a while. Do something interesting like going out into the street and waving your flag for a bit and chanting USA USA USA. You will soon have 1000 other merkins next to you doing the same thing.