Bitcoin....who's gotten into it?

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11-29-2017, 07:08 PM
Lindahl

Lots of gamblers... wow people are dumb when they get greedy
11-29-2017, 07:22 PM
huckbucket

Quote:

Originally Posted by neckdeep

It's not just that. All the small timers who have flooded into the market above $5000 can trigger an elevator shaft plummet if sentiment turns. Now there's enough casual investors involved who can't afford to ride out deep losses. If they panic, can the blockchain even handle that sort of volume? There are reports of delays in service and outages on the exchanges that cost sellers a lot of money today. If things are so technically dodgy during the good times, bitcoin investors will be truly fucked in broad sell off.

Today, Nobel economic prize winner Joseph Stiglitz called bitcoin a scam without social value and said it should be outlawed. I guess if you think you are smarter than a Nobel prize winner, then by all means, stay long on bitcoin. IMHO, that is pointing towards a dim regulatory future for bitcoin.

Bitcoin is not the new gold. Gold is a store of value because you cannot produce something identical to gold in everything but name. You sure as fuck can produce an alternative blockchain to bitcoin and you can make a better one. There's no such thing as new and improved gold, people. There will be a new and improved alternative to bitcoin. Bitcoin isn't even the most efficient blockchain out there today! It's not even an efficient currency. It's transaction settlement costs look to be outrageous compared to conventional methods. The writing is on the wall for bitcon. Everyone who is touting bitcoin is either long on bitcoin or makes a fee off of bitcoin trade activity. Seems like 90% of the touts have a direct self-interest in promoting volume. A lot of these touts will still be making a cut on the way back down to reality.

Hugo's brother,?

https://i.pinimg.com/736x/2b/a0/39/2...s-basterds.jpg
11-30-2017, 06:13 AM
ICantLogIn

Quote:

Originally Posted by Lindahl

Lots of gamblers... wow people are dumb when they get greedy

And predictable.
11-30-2017, 06:21 AM
summit

I think I am going to go short on tulips... gotta figure out the best way to do it
11-30-2017, 06:23 AM
Bobby Stainless

Quote:

Originally Posted by 4matic

How was your fill? Was it near the screen price?

I have no idea what that means.

http://images6.fanpop.com/image/phot...20-500-331.jpg
11-30-2017, 08:15 AM
Whiteroom_Guardian

EvilE, I assume you know you can buy percentages of BTC right? 11k is a big chunk at once. Buy 25% pieces on each dip if you want a whole coin.

Also been a big fan of ETH since it was $12 bucks!
11-30-2017, 08:48 AM
ICantLogIn

I like ETH, mostly because its a use blockchain/platform.
11-30-2017, 10:24 AM
summit

Quote:

Originally Posted by Summit

I think I am going to go short on tulips... gotta figure out the best way to do it

BTC<$9500 am I too late?

Anyone know how to do this?
11-30-2017, 12:18 PM
klauss

1 Attachment(s)

Attachment 217637
11-30-2017, 12:44 PM
Bobby Stainless

https://m.popkey.co/41a2b5/A5XjV.gif
11-30-2017, 12:48 PM
gravitylover

OSTK was mentioned in that article a few posts back, boy are they taking a drubbing today.
11-30-2017, 08:29 PM
SKIP IN7RO

^It left out Chad destroying Virgin for the bcash slur.
12-01-2017, 03:59 PM
ICantLogIn

Im so much better at making more coin when its falling, not sure why.
12-02-2017, 07:20 AM
Bobby Stainless

Pay day weekend and everyone buying bitcoin. Where you at DD?

Lets get this money.
12-02-2017, 09:16 PM
RShea

Heard on the Radio today that one of the Exchanges (Chicago??) is going to be trading Bitcoin Futures...
12-02-2017, 10:53 PM
Whiteroom_Guardian

Yeah, CME will start futures trading on the 18th. Volatility will probably be even wilder than it has been already.
12-03-2017, 05:32 AM
Bobby Stainless

Does anyone here store their bitcoins on a Nano S?

As BTC touches 11600.
12-03-2017, 09:50 AM
Whiteroom_Guardian

Quote:

Originally Posted by Bobby Stainless

Does anyone here store their bitcoins on a Nano S?

As BTC touches 11600.

Yes, I store my BTC/ETH/LTC on a Nano S. Great device. If you are setting one up for the first time it's probably wise to transfer .0001 of something to the nano, intentionally lock yourself out or reset the device and then use your seed to make sure you can recreate the wallet.

I did a major bonehead move at the beginning of the summer. I hadn't used my nano is several months and went to unlock it and somehow put in the wrong pin 3 times. Still don't know how I did that. I don't have alot of pins and know which pin I used, but I must have somehow fat fingered 3 times in a row!!! 100% user error.

Anyway, I was locked out and needed to restore from seed. Well my seed didn't work. I must have copied it down wrong. I nearly had a heart attack. I did some research and found a seeds cracking service. Since there are only so many words used to make seeds as long as a certain percentage of the known words are correct the seed can be uncovered. 3 hours later this dude had my wallet back. Dude works for free, but accepts tips. I tipped him 3 ETH I think which at the time was like $175 bucks or something. Well worth it.

Anyway, don't be stupid like me. Test your seeds!!
12-03-2017, 10:21 AM
Bobby Stainless

Thanks!

How did you transfer your LTC to it? I downloaded the app, but I don't know of a wallet app that transfers.
12-03-2017, 10:23 AM
Whiteroom_Guardian

I sent my LTC direct from coinbase to the LTC app for Nano S.....pretty sure. It was probably over a year ago and I haven't touched my LTC since.
12-03-2017, 02:20 PM
Bobby Stainless

I guess I just can't find the LTC app on Chrome.
12-03-2017, 07:56 PM
frorider

Don’t be this guy: https://www.theverge.com/2013/11/29/...own-away-in-uk
12-03-2017, 09:31 PM
Captn-See-Had

Quote:

Originally Posted by digitaldeath

found it

im a fkn wizard yo

Attachment 217550

Nice, my .1 bitcoin makes me a one percenter... I'm rich bitch!
12-03-2017, 09:37 PM
digitaldeath

Quote:

Originally Posted by Bobby Stainless

Pay day weekend and everyone buying bitcoin. Where you at DD?

Lets get this money.

Coinbase. How much you pony up
12-03-2017, 11:03 PM
Whiteroom_Guardian

Quote:

Originally Posted by Bobby Stainless

I guess I just can't find the LTC app on Chrome.

Pretty sure that app is found in the ledger manager app and not directly from chrome.

I remember it being something weird like you have to install the LTC app on the ledger and open it on the ledger than launch the BTC chrome app. You then use the BTC chrome app to manage LTC on the device.
12-04-2017, 11:31 PM
shroom

i wish i had the time to figure out how to buy the right tech in this story. i am convinced it is the vehicle rather than the cargo.
12-04-2017, 11:45 PM
Mazderati

Apart from blockchain tech? That seems to be the underlying theme.
12-05-2017, 05:53 AM
Bobby Stainless

Would the TRG bitcoin Jedis buy before or after Sunday?
12-05-2017, 06:07 AM
ICantLogIn

Quote:

Originally Posted by Bobby Stainless

Would the TRG bitcoin Jedis buy before or after Sunday?

Hard to tell, one idea is futures traders are going to try and push down the price before next week. I'm not convinced they can do that with so many optimistic crypto kiddies.

Im thinking about running a once a month crypto traders meet up. Maybe the first few would be me going through setting up a coinbase account using my referral link of course and wallet. Dumb idea?
12-05-2017, 06:38 AM
Skidog

Quote:

Originally Posted by shroom

i wish i had the time to figure out how to buy the right tech in this story. i am convinced it is the vehicle rather than the cargo.

Yeah most of the block chain cos are still private. I been asking around. I would like to get in on that side as well. I agree the underlying tech, not the "coins" are where the real future $$$ are at.

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12-05-2017, 06:56 AM
ICantLogIn

Quote:

Originally Posted by Dromontana

CBOE SAYS IT WILL START BITCOIN FUTURES TRADING ON DEC. 10

https://www.bloomberg.com/news/artic...ding-on-dec-10

They are basing it on the Gemini exchange, blind auction which happens everyday at 4pm est. That will keep the volatility down. Why not use coinbase/gdax??
12-05-2017, 10:07 AM
basinbeater

Quote:

Originally Posted by Skidog

Yeah most of the block chain cos are still private. I been asking around. I would like to get in on that side as well. I agree the underlying tech, not the "coins" are where the real future $$$ are at.

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IPOA ticker symbol. It is social capital run by chamath palihapitiya, a former early Facebook executive billionaire dude. Took social capital public to act as blank check Co to bring "tech disrupters" public without them having to jump through hoops. They have not made any acquisition yet, but I bet they will buy someone like coin base, or digital currency group. Chamath is big time bitcoin supporter, and blockchain in general. I bought some, I think (and this is based on my own research, you should do yours,) that this guy is going to act as VC for blockchain tech companies. This is how you can get into owning the tech.
Riot blockchain also does this somewhat, and has majority stakes in verady (accounting and financial audit of blockchain tech) and tesspay(smart contract execution using blockchain). I have made some money with riot already, and eyeing an entry point again, probably for a longer term hold than the first time around. What a wild ride that was.
Supposedly this is what marathon patent group does as well (on top of the intellectual property that is the base of their business),but I know less about their play in the blockchain bitcoin world.

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12-05-2017, 12:26 PM
DJSapp

Quote:

Originally Posted by ICantLogIn

Hard to tell, one idea is futures traders are going to try and push down the price before next week. I'm not convinced they can do that with so many optimistic crypto kiddies.

Im thinking about running a once a month crypto traders meet up. Maybe the first few would be me going through setting up a coinbase account using my referral link of course and wallet. Dumb idea?

The upcoming futures trading caused GBTC to dip far enough to trigger my stop limit today. Probably for the best, GBTC is going to get hammered by the futures as it loses the value of its premium over their holdings. I'll be on the sidelines for a bit, was a good run.
12-05-2017, 02:14 PM
Evil E

can anyone recommend a documentary that explains blockchain and Bitcoin and other cryptos? Or a book that doesnt make my eyes bleed from boredom?
12-05-2017, 02:31 PM
ICantLogIn

Quote:

Originally Posted by Evil E

can anyone recommend a documentary that explains blockchain and Bitcoin and other cryptos? Or a book that doesnt make my eyes bleed from boredom?

There are some good TED Talks.
12-05-2017, 03:59 PM
Not Neil_Armstrong

http://www.newsbtc.com/2017/12/05/ja...lls-considers/

I might be late to the dance posting this.... crazy!
12-05-2017, 04:00 PM
basinbeater

Ripple is interesting, check this out. They have their own currency, XRP, but theirs seems to be designed more as a platform to let others build applications on it. American Express launched their own Ripple based product for corp customers.
But read this, from wikipedia Ripple page...

START WIKIpedia quote. taken from here: https://en.wikipedia.org/wiki/Ripple_(payment_protocol)
The Bitcoin Bridge[edit]
The bitcoin bridge is a link between the Ripple and bitcoin ecosystems. The bridge makes it possible to pay any bitcoin user straight from a Ripple account without ever needing to hold any of the digital currency. Additionally, any merchant accepting bitcoins has the potential to accept any currency in the world. For example, a Ripple user may prefer to keep money in USD and not own bitcoins. A merchant, however, may desire payment in bitcoin. The bitcoin bridge allows any Ripple user to send bitcoins without having to use a central exchange such as BTC-e to acquire them.[28][104] Bitstamp acts as a gateway for the Ripple payment protocol, among other exchanges.
END WIKIPEDIA quote.

Sounds to me like it would enable anybody to accept payment and store value in bitcoin, yet pay in any currency they want without having to hold any of the currency. And do it without a bank.
12-05-2017, 06:08 PM
Skidog

Y'all bitcoiners are ruining the environment

https://www.google.com/amp/grist.org...energy-future/

To those who asked about home mining. Here's the power issues I was referring to.

By 2020 more electricity than the entire world combined to "mine" a "coin"

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12-05-2017, 06:28 PM
splat

I had no idea....holy shit.

By July 2019, the bitcoin network will require more electricity than the entire United States currently uses. By February 2020, it will use as much electricity as the entire world does today.
12-05-2017, 06:32 PM
Skidog

Quote:

Originally Posted by splat

I had no idea....holy shit.

By July 2019, the bitcoin network will require more electricity than the entire United States currently uses. By February 2020, it will use as much electricity as the entire world does today.

Oh I did but I work in the data center industry. I was just looking for the article that explained it best. The supercomputer stat is huge too. Those Cray's and shit are monsters. This is bigger.

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