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Thread: RIP Bitcoin

  1. #8126
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    the whole thing is a scam, so 0.01 USD is the real value

  2. #8127
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    Quote Originally Posted by raycarey View Post
    gold is up slightly but BTC is down over 25%.
    Crypto, margin calls.

    Gold, noise



    Weekly high 09/03/2020 1703 USD/OZ

    Weekly low 13/03/2020 1555 USD/OZ Loss 145 (0.09%)

    Currently 19:45 13/03/2020 1597 USD/OZ Loss 106 (0.06%)
    Last edited by OhOh; 13-03-2020 at 08:16 PM.

  3. #8128
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    Quote Originally Posted by Bogon View Post
    Would wait until it gets to 1K

    Hours ago - Bitcoin Under $1K is Possible Warns Veteran Trader Peter Brandt
    Are you going to buy when it hits $1k, or wait till it reaches $1?

  4. #8129
    Thailand Expat raycarey's Avatar
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    down to $4,500.

    75% haircut from december '17.

  5. #8130
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  6. #8131
    Thailand Expat raycarey's Avatar
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    at the end of the first quarter of 2020...

    gold + 4%

    BTC -10%

    S&P 500 -20%

  7. #8132
    disturbance in the Turnip baldrick's Avatar
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  8. #8133
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    As it aims to provide small businesses and enterprise clients with instant payments, Siam Commercial Bank (SCB) of Thailand is poised to open up its consumer cross-border payments app, which is powered by Ripple, to companies. The financial institution had harnessed RippleNet earlier in 2020 to link up with banking partners globally, according to reports.
    SCB’s SVP of Commercial Banking Arthit Sriumporn said in a statement, “Being part of RippleNet has helped us to completely enhance our customer experience, expand our business and keep SCB moving into the future.”

    In addition, Ripple and SCB are at work on an app based on quick-response codes that would let tourists tap into their native country’s app for transactions without the need to ponder exchange rates.

    The report comes as news surfaced in January that SCB was teaming with Ripple to bolster its mobile banking app to enable cross-border payments for the nation’s 16,000 clients. Sriumporn said at the time that the new offerings would help simplify the process of sending and receiving money.

    Sriumporn said that banking with cross-border transactions could be complex at times because of long and intricate forms at the bank, along with an extended wait for the money to be sent. With mobile banking, however, Sriumporn said many of those frustrations would disappear, as even money from other countries can be sent and received instantaneously through Ripple’s service.

    SCB had 3,187 billion baht ($105 billion) in equivalent money, along with 138.2 billion baht ($4.6 billion) in operating income in 2018. The bank was the first company to pilot Ripple’s multi-hop feature, which lets banks forward and receive payments without a relationship between the two banks, which is said to result in shorter transaction times.
    SCB was also intending to grow into the countries of Laos, Cambodia, Vietnam and Myanmar, per news in January.
    https://www.pymnts.com/news/b2b-paym...ommercial-bank


    Once again regulations are holding things back. Thai law still prevents them from using the XRP digital token but things are coming together nicely. Liquidity is building, adoption by banks and FIs increasing. THB & KRW have recently shown up on ODL (Xrapid), not in significant amounts that would indicate usage but enough to indicate testing.

    The plan's (slowly) coming together.
    Dear Anti-vaxers: Enjoy your free trial.

  9. #8134
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    what plan? this is going to end in tears, from boiling waters to the frying pans

  10. #8135
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    BTC has seen a nice double in the last 2 months. $4800 to $9300 in 60 days. The current wave's worth riding for another while yet. The Halvening is usually a good time.
    Last edited by Edmond; 14-05-2020 at 11:05 AM.

  11. #8136
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    Quote Originally Posted by Edmond View Post
    BTC has seen a nice double in the last 2 months. $4800 to $9300 in 60 days. The current wave's worth riding for another while yet. The Halvening is usually a good time.
    Don’t do it to yourself Edmond, I wish Luigi was here to put you right.

  12. #8137
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    Quote Originally Posted by Iceman123 View Post
    Don’t do it to yourself Edmond
    Too late, I added 2 at $5500 after the bounce @ $4xxx. 6 months short term. Will sell them if it drops to $7500, but this post-halving run should be back to 5 figures before the next dump in a few months time.

  13. #8138
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    wtf happened to Lulu? did he sold TD at the end?

  14. #8139
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    I think his new nic is Edmond - keep up with the gossip!

  15. #8140
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    start from scratch?

    Lulu wouldn't have left TD without his 40m repo treasure

  16. #8141
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    Quote Originally Posted by Edmond View Post
    Too late, I added 2 at $5500 after the bounce @ $4xxx. 6 months short term. Will sell them if it drops to $7500, but this post-halving run should be back to 5 figures before the next dump in a few months time.
    Can I interest you in some very valuable tulips I have for sale?

  17. #8142
    Thailand Expat misskit's Avatar
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    Bitcoin surge fails to materialise


    Investors disappointed by modest price appreciation since latest 'halving'

    NEW YORK: Investors expecting a sudden surge in the price of bitcoin, after it underwent a technical adjustment three weeks ago that reduced the rate at which new coins are generated, may have to wait a few months, or perhaps a few years.


    Bitcoin has been trading in a relatively narrow range since it went through a third “halving” on May 11, which cut the rewards given to those who mine bitcoin to 6.25 new coins from 12.5.


    There were some expectations that bitcoin would soar, similar to what happened after the two previous adjustments as the halving effectively decreased its supply.




    The virtual currency has gained 11% since the adjustment and while it briefly crossed US$10,000 this week, it was trading on Saturday at $9,608. But the cryptocurrency has had more down days than up days, and analysts say the technical momentum overall was negative.


    In contrast to recent movements, bitcoin had soared more than 40% from January this year until the halving.

    MORE Bitcoin surge fails to materialise

  18. #8143
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    still quite high for something that has no use or intrinsic value,

  19. #8144
    Thailand Expat raycarey's Avatar
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    wouldn't say it has no intrinsic value...but it's so ripe for manipulation that it's impossible to determine a fair value.

  20. #8145
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    to have intrisinc value, it would need to have an underlying asset with value or cash flow, or some of kind of use you could measure financially

    it has neither, it's only a cost

    of course, for loons and criminals, it's a money making scam

  21. #8146
    Thailand Expat raycarey's Avatar
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    Quote Originally Posted by Dragonfly View Post
    of course, for loons and criminals, it's a money making scam
    i'm admittedly out of my depth here, but isn't that part of its value?

    it has a perceived value to a significant segment of society, so the rest of us are forced to value it as well (to one degree or another)....like diamonds or air jordan 1s.

  22. #8147
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    intrinsic value would need to be universal, does a money laundering scam have universal value? no, it doesn't

    the only reason bitcoin still have a "price" is because of the illegal money that are "stuck" into it, like a safe full of money, and they need to keep the thing going if they ever want to get it back

    take away the money, and the safe has no value

  23. #8148
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    Quote Originally Posted by raycarey View Post
    the rest of us are forced to value it as well (to one degree or another)....like diamonds or air jordan 1s.
    I can understand diamonds, but a pair of fukkin basketball pumps?

    This tune reminds me of you Ray, daddy issues, stealing bikes and capping someone for their Air Max 95'










  24. #8149
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    Quote Originally Posted by Dragonfly View Post
    of course, for loons and criminals, it's a money making scam
    Seems like TD's loons and criminals aren't boasting about it, so they can't even be making money.

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