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Thread: RIP Bitcoin

  1. #8151
    Thailand Expat AntRobertson's Avatar
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    Still a long ways from the heady days of nutters promising to eat their own dicks if it didn't reach US$1M.


  2. #8152
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    Quote Originally Posted by Edmond View Post
    breaking through 10k usd.
    11k usd

  3. #8153
    disturbance in the Turnip baldrick's Avatar
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    Is your shoeshine person giving you altcoin tips?

  4. #8154
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    ^^ ...and now?

    10806 if you were wondering.

    It's just punters moving their gold money to Bitcoin.

  5. #8155
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    $100.

  6. #8156
    Thailand Expat
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    I best punt in again and give me view before I get slaughtered.

    It will go up again and then go down again and then probably go up again with some downtrends in the meantime.

    Bogon Tip #391

    US Markets open in a bit over 2 hours, so get ready to dump around 20:25 Thai time

    --EDIT--

    I just put $5000 on a virtual trade and was nearly down $70 as soon as I hit the accept button.
    They done this yesterday too with gold before the price dropped as to save the reckless punters (their customers) who went mad on leverage from losing all their cash in one swift swoop.
    Last edited by Bogon; 28-07-2020 at 06:18 PM.
    Black diamonds? I shit 'em.

  7. #8157
    Thailand Expat jabir's Avatar
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    Quote Originally Posted by Bogon View Post
    ^^ ...and now?

    10806 if you were wondering.

    It's just punters moving their gold money to Bitcoin.
    Then who's buying the gold, I mean aside from our Chinese brethren?

  8. #8158
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    ^ The ones who bailed out this week before $1900 and are jumping back in on the dip waiting to get the $2000 that they think is coming.

    *which may or may not happen.

  9. #8159
    Thailand Expat jabir's Avatar
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    Quote Originally Posted by Bogon View Post
    ...*which may or may not happen.
    That's a standard in almost every email from my Thai broker, SET will rise or it might go down.

  10. #8160
    Thailand Expat
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    ^ Know the feeling. I kinda stayed away from this thread on purpose because I have not much interest in the coins, but it's an interesting thread to read to see who is doing what when the prices are jumping.

    Looks like most stocks will be down a bit when the US opens in 15 minutes.

  11. #8161
    Thailand Expat jabir's Avatar
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    Most analyst reports I have read over the past couple of months seem to take for granted that the markets have seen bottom; to paraphrase an optimist that I read recently, Nasdaq has already more than recovered, DOW might take a while to catch up, but we're not going back into the pit! Well, Nasdaq recovered quickly because it's a tech market, DOW is industrial, that's what took the beating, and it's far from clear of the edge; a weak economic result or two, or a less than generous stimulus bill which tend to feed the wealthy, could quickly knock out all recent gains and more.

    On the bright side, the 2008 'correction' occurred through structural defects in the economy and misbehaviour by banks and financial institutions. This time around the economy was steaming along just fine, nothing special, although many analysts and respected investors were predicting another overdue correction simply as part of the cycle. Fex, early this year and before the virus came into play, Buffet made no secret that BH was holding $128bn in cash; must be a reason for that, and I reckon the recent 'correction' was more welcomed than a surprise to the big players that quietly raked it in.

    The virus came along as a convenient catalyst, well timed, mismanaged by major govs, and something other than the natural cycle to blame for an overdue purge that was expected anyway, where the rich periodically slaughter another batch of poor.

  12. #8162
    The Bestest Expat Plan B's Avatar
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    Been some good gains in the Magic Internet Money market recently.
    But the industry as a whole is still waiting on proper regulations and legitimacy so now the buzzword is De-Fi.

    What is it?
    Decentralised Finance.

    Don't know what that is?
    Neither do I, here's a for dummies look.

    That my friends, is but one of the many promises of DeFi, elimination of all these bastard parasite middlemen that can be replaced with a little bit of software. And real estate is just a single example of thousands of middleman rent-seeking industries that can be digitized or completely obliterated: like centralized stock exchanges, accountants, a good chunk of lawyer shit, voting, cross-border payments (wink), incorporating, patents, welfare, chain-of-custody, reputation, lending, education, taxation, and on and on and on..
    Don't get me wrong, I'm not anxious to make these middlemen suffer much, we couldn't have gotten to where we are today without them, well mostly, well somewhat, but the future points to a world where there won't be much room for human beings in the value pipelines. And before you goddam bleeding hearts (I hate you people) start ripping my ass for condoning putting these people out of work, just remember all the horse-and-buggy drivers you put out of a job every time you get in your car. Technological evolution always amounts to deprecating vocations. Deal with it.
    De-Fi, Smart Contracts, AI managed everything. Might be the next big thing, might fail horribly, I might actually look into it if Lockdown II continues and I have the time.
    Dear Anti-vaxers: Enjoy your free trial.

  13. #8163
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    Quote Originally Posted by Edmond View Post
    breaking through 10k usd.
    Quote Originally Posted by Edmond View Post
    11k usd
    12k usd

  14. #8164
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    Bitcoin up, Pattaya condos down

    no brainer what to do with profits

  15. #8165
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    Who's gonna pick up Sharky's slightly stained man-pad.

  16. #8166
    Hangin' Around cyrille's Avatar
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    The ceilings are too low for me.

    Might suit you nicely.

  17. #8167
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    Wowsers.

  18. #8168
    Lone Monarchist
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    Quote Originally Posted by baldrick View Post
    Is your shoeshine person giving you altcoin tips?
    Yes. But its been that way for 8 years. Usually the central bank has to land the monetary plane. And this takes down the bubbles. But now, not only is big business too big to fail, this time, the bubbles are too big to fail. They are never going to raise interest rates.

    So will we ever see bubbles collapse again, if they keep pumping them forever ?

  19. #8169
    Lone Monarchist
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    My take on Bitcoin.

    It is a great black market currency for doing extra legal transactions. But the BTC community is drifting away from this original mission.

    It is a crude vessel for sub 10k net worth retail capital. Since the retail banking system is destroyed, and banking isnt based on deposits, this flow of retail capital will continue.

    It is the first bubble that was created by the shoeshine boys, and is flowing up hill to the mainstream financial community.

    Gold and bitcoin are not in conflict. They compliment each other. Any Bitcoin fanboy who prances on about Bitcoin being better than gold, i will shoot in the back of the head. They are simply not in conflict although they share similar missions in how they are non state currencies.

    Gold is a long term savings reserve asset. Not really a currency.

    Gold remains the only asset that hasn't had a real reset to fit the times. It surprises me how many people think they are going to get rich on Bitcoin even though it already happened, but gold is sitting there, in the same ballpark it was 30 years ago, but people are too dumb to pick it up

  20. #8170
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    Bitcoin is sexy and edgy. Gold is old fashioned. For many, owning bitcoin feels like being part of an exclusive club.

  21. #8171
    The Bestest Expat Plan B's Avatar
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    BitKub Thailand announces project for x-border remittance to UK in less than 30 seconds for 0.05% transfer fee.


    Video 1min 23sec.


  22. #8172
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    I just sold 50% of my bitcoins(for about 300% profit). Will buy some back in a month, if it goes down.

  23. #8173
    Thailand Expat raycarey's Avatar
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    lulu, is your real name michael saylor?



  24. #8174
    Thailand Expat raycarey's Avatar
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  25. #8175
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    Quote Originally Posted by Edmond View Post
    12k usd
    13k usd

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