Thread: RIP Bitcoin

Originally Posted by Dragonfly

you wish but I am not that silly, dealing with real Exchanges with real shares is much more fun than playing monopoly with fake money like you guys do

go on then: what % profit have you made on your short(s)?

Originally Posted by bsnub

MODS! Can you please ban buttplug from this thread? It was somewhat serious before he started his spamming.

just like in the speaker's corner, you'd prefer a "discussion" with no opinions you disagree with, no contrarian opinions, etc.

WHAT A FUCKIN' MORON YOU ARE, BSNUB (said in bsnub style).

Originally Posted by Dragonfly

oh shut up you silly snowflake, you squeal and scream and open threads like a silly 13 yr old girl looking desperately for attention

I finally got your attention you little Belgian rifle dropper. I thought you were ignoring me.

​A lot of monkeys lived near a village.

One day a merchant came to the village to buy these monkeys!



He announced that he will buy the monkeys @ $100 each.



The villagers thought that this man is mad.



They thought how can somebody buy stray monkeys at $100 each?



Still, some people caught some monkeys and gave it to this merchant and he gave $100 for each monkey.



This news spread like wildfire and people caught monkeys and sold it to the merchant.



After a few days, the merchant announced that he will buy monkeys @ 200 each.



The lazy villagers also ran around to catch the remaining monkeys!



They sold the remaining monkeys @ 200 each.



Then the merchant announced that he will buy monkeys @ 500 each!






The villagers start to lose sleep! ... They caught six or seven monkeys, which was all that was left and got 500 each.



The villagers were waiting anxiously for the next announcement.



Then the merchant announced that he is going home for a week. And when he returns, he will buy monkeys @ 1000 each!



He asked his employee to take care of the monkeys he bought. He was alone taking care of all the monkeys in a cage.



The merchant went home.



The villagers were very sad as there were no more monkeys left for them to sell it at $1000 each.



Then the employee told them that he will sell some monkeys @ 700 each secretly.



This news spread like fire. Since the merchant buys monkey @ 1000 each, there is a 300 profit for each monkey.



The next day, villagers made a queue near the monkey cage.



The employee sold all the monkeys at 700 each. The rich bought monkeys in big lots. The poor borrowed money from money plenders and also bought monkeys!




The villagers took care of their monkeys & waited for the merchant to return.



But nobody came! ...Then they ran to the employee...



But he has already left too !



The villagers then realised that they have bought the useless stray monkeys @ 700 each and unable to sell them!

The Bitcoin will be the next monkey business






It will make a lot of people bankrupt and few people filthy rich in this monkey business.



That's how it will work

Originally Posted by Farangrakthai

Originally Posted by Dragonfly

you wish but I am not that silly, dealing with real Exchanges with real shares is much more fun than playing monopoly with fake money like you guys do

go on then: what % profit have you made on your short(s)?

df: you'll probably never do it, but this is how i did it:

put my money into cex.io, bought eth, transferred it to binance, traded various alts, made 200% profit in a couple weeks (buy low - sell high, of course never the lowest or highest) , converted profits back to eth (keeping initial investment in cryptos) and transferred profits back to cex.io and withdrew money back to my kasikorn debit card.

Originally Posted by Farangrakthai

go on then: what % profit have you made on your short(s)?

it was quite big for a one day trade on a single contract, not going to disclose it here so all the stalking nutters out there start screaming etc... you know the drill

I guess I owe you all a drink for it

^^ awesome monkey story

Originally Posted by bsnub

I finally got your attention you little Belgian rifle dropper. I thought you were ignoring me.

did you have anything interesting to say ? no, so that's why I was probably not paying attention to you

Originally Posted by Dragonfly

you know the drill

know i don't know the drill: posters have been quite honest about their percentage profits/losses and you aren't.

luigi (for example) has been a conservative trader and has posted his profits/losses as he rides the waves up and down (long term).

Originally Posted by Farangrakthai

luigi (for example) has been a conservative trader and has posted his profits/losses as he rides the waves up and down (long term).

They better be waves up and down as I'm about 10 baht away from shacking up on Tezza's balcony at the moment.

Originally Posted by Luigi

They better be waves up and down as I'm about 10 baht away from shacking up on Tezza's balcony at the moment.

your holding till dec '18 plan that you posted a month ago might pay off (who knows?).

quicker profits are made by finding the days to sell a crypto and then the time to buy it back.

as you may recall: i posted that i was buying back btc as it was in freefall.

I was buying up BTC back in July. I wont sell even with a gun to my head. HODL!

Coincheck hacked in ¥58 billion cryptocurrency heist, four years after Mt. Gox

Echoing the Mt. Gox fiasco nearly four years ago, Tokyo-based cryptocurrency exchange Coincheck disclosed Friday it had been hacked and lost about ¥58 billion ($532 million) worth of its holdings, sending clients into a panic about the fate of their virtual assets.


If confirmed, the heist would surpass the ¥48 billion ($390 million) lost in the collapse of bitcoin exchange Mt. Gox in February 2014 and go down as the largest cryptocurrency theft since the advent of bitcoin.

Coincheck Inc., one of Japan’s major cryptocurrency exchanges, said it discovered a significant drop in the balance of its NEM virtual currency at around 11:25 a.m. Friday after about ¥58 billion of it was illegitimately transferred.

MORE https://www.japantimes.co.jp/news/20.../#.Wmu7J-YxWhA

Originally Posted by Dragonfly

without the net neutrality, all discussions on bitcoin to pump up that little fraud would be shutdown

without the net in all its brutality , it could not be as funny as this

This is a very fascinating early discussion between Leary and Buckley.

Leary is quite prescient regarding the future of electrics and computers



Probably should be it's own thread, but fuck it!

Originally Posted by Mr Earl

I was buying up BTC back in July. I wont sell even with a gun to my head. HODL!

When do you plan to sell it?

Is there a $ valuation point, or a future date (3 years, 5 years), that you plan to hold til and then sell to bank the profit in fiat, or are you planning to keep it forever and ever and never cash out and never bank the profit?


Just wondering.


My sell point is the end of this year, sell 90% and let the remaining 10% roll over for the next year.


Unless it's worth almost nothing.

Originally Posted by Luigi

My sell point is the end of this year, sell 90% and let the remaining 10% roll over for the next year.

Hodl for a year but but but....price?

Originally Posted by uncle junior

Hodl for a year but but but....price?

Don't really get the whole hodl thing.


Keep it for a year, then sell 90% of it and let 10% roll over til the next year.



Fairly straight forward really.

Originally Posted by Plan B

the life of Luigi (Gold label nurses and moon Lambos)

Ahh, those were the days. A few weeks ago. Been Lao Khao and Somchai in a dress the last week or so.

Originally Posted by Luigi

Keep it for a year, then sell 90% of it and let 10% roll over til the next year.



Fairly straight forward really.

So you buy BTC at 11k and in Dec it's at 10K; you'ld sell it? It's straight forward but not seeing the reasoning behind it.

Originally Posted by Plan B

Mark Karpeles gets to walk away with $859M from MtGox bankrupcy due to the massive price rise of BTC.

Another Japanese Exchange reported it was hacked yesterday

Originally Posted by uncle junior

reasoning

Reasoning??

On Bitcoin??


Are you mad?

Originally Posted by uncle junior

you'ld sell it?

Of course not.

Do you really need everything spelled out for you?

Originally Posted by Luigi

Do you really need everything spelled out for you?

apparently.

Originally Posted by Luigi

Don't really get the whole hodl thing.


Keep it for a year, then sell 90% of it and let 10% roll over til the next year.



Fairly straight forward really.

When the time comes I suspect you may reconsider, esp if your eoy profits are yuuge, and that's assuming you hold till then without tinkering.

Mine is much the same strategy spread through eoy, play stuff supplemented by new funds, with a batch of radicals I expect to hold indefinitely (BTC/ETH/DASH/NEO/XLM etc) for the kids. But that's just what I expect, could change.

----

Talked a mate into ETH, he bought 10@c£900, dropped to £800 within a couple days, got a call from him needing comfort, solved it by asking what profit he would be delighted with, he said 50% would be good and 100% triffic, so I offered to buy his ETH anytime I choose between now and eoy for £18k (100% profit), he calmed down, thought about it, said no thanks and bought another 10@c£830.