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

[mcsquared]

Is there some way to do a Big Short of Bitcoin? I'm in, if there is.

I am conflicted. I think this is all going to go to shit bigly, but Benny is always wrong. Like always. I am paralyzed with uncertainty.

[huckbucket]

I am conflicted. I think this is all going to go to shit bigly, but Benny is always wrong. Like always. I am paralyzed with uncertainty.

EXACTLY. The Benny indicator is bearish. Ignore it at your own peril.

[babybear]

Is there some way to do a Big Short of Bitcoin? I'm in, if there is.

Thinking a similar thing lately too. Been talking to some co's and many (like NVDA, AMD) are coding their software to transition to create a bitcoin inventory glut if/when the crash occurs

But that also gives me more confidence that bitcoin is here to stay than co's hedging for just a crash only-
so I think I'd like to see a nice crash for a buying opp

[wyeaster]

I am conflicted. I think this is all going to go to shit bigly, but Benny is always wrong. Like always. I am paralyzed with uncertainty.

loser letting others determine his future!! [emoji6]

[Lindahl]

Thinking a similar thing lately too. Been talking to some co's and many (like NVDA, AMD) are coding their software to transition to create a bitcoin inventory glut if/when the crash occurs

But that also gives me more confidence that bitcoin is here to stay than co's hedging for just a crash only-
so I think I'd like to see a nice crash for a buying opp

Yeah, I’ll probably put a decent chunk in after a crash and starts to flatline or pick up slightly.

[Bromontana]

Etrade will be offering futures Monday. If anything, ability to short will push btc to 100k if holders continue to sit on their coin. It's a global-scale, low floar penny stock that actually has a purpose to hedge against the monetary system (instituional demand). All the peripheral coins serve as latent demand, which helps explain why dips are bought up with such unnerving regularity. I've watched cryptos defy normal market rhythm enough to give up skepticism.

[splat]

I got a buddy sitting on a small wallet who's convinced they'll go to a mil.
He just started mining.

[Bromontana]

I got a buddy sitting on a small wallet who's convinced they'll go to a mil.
He just started mining.

If banks and hedge funds and private wealth get involved, why not? They're all actively dipping toes now.

[Skidog]

https://techcrunch.com/2017/12/15/up...ping-industry/

Sent from my XT1650 using TGR Forums mobile app

[huckbucket]

I laffed

[mcsquared]

Mining involves processing transactions right? You process transactions, maintain a distributed ledger and solve a math problem to get rewarded for doing all this, right? What are all these transactions? Is it just the buying and selling of coins? Because the amount of actual one person buying a good or service from another has got to be inconsequential. I think some algorithms are running this whole thing. Computers trading with computers with computer money that doesn't really mean anything.

[huckbucket]

Mining involves processing transactions right? You process transactions, maintain a distributed ledger and solve a math problem to get rewarded for doing all this, right? What are all these transactions? Is it just the buying and selling of coins? Because the amount of actual one person buying a good or service from another has got to be inconsequential. I think some algorithms are running this whole thing. Computers trading with computers with computer money that doesn't really mean anything.

[bad dancer]

Too lazy to read this whole thread.
I have a few questions ?
SO if you buy bitcoin or whatever, is your stash as safe as the wallet you keep it in ?
Can platforms like coinbase be hacked ?
What is the best way to buy ?
Can wallets like coin base turn into a MT Gox ?

I actually like the idea of bitcoin.

[Tips^Up]

Crash imminent. The old lady at work came over to me yesterday morning and asked, "What is bitcoin? My grandson said I should buy some." So I bought some this morning. Crash and burn.

[babybear]

this npr segment recently was a pretty good summary of how it works
https://www.npr.org/2017/11/09/56305...ck-information

[Bobby Stainless]

I think I'd like to see a nice crash for a buying opp

Would it really matter in relation to the investment you are going to make?

Too lazy to read this whole thread.
I have a few questions ?
SO if you buy bitcoin or whatever, is your stash as safe as the wallet you keep it in ?
Can platforms like coinbase be hacked ?
What is the best way to buy ?
Can wallets like coin base turn into a MT Gox ?

I actually like the idea of bitcoin.

Put your bitcoin on a wallet like the Ledger Nano S.

[Bromontana]

I did a wee bit of analysis on the rhythm of btc last night. The 125ema is where it has been aggressively bought on dips, which means it hasn't spent more than a day under it since 2015. Right now the 125ema is at 9,000 so if you're plotting a dip buy in a 'normal' 50% correction, that should be the perfect buy.

[Bobby Stainless]

Raising and breeding digital cats is where the smart money is going. You heard it here first.

https://www.cryptokitties.co/

Im not much of a cat person, so Im going to wait for crypto puppies.

[SKIP IN7RO]

^Yep, this is where the money is at

[babybear]

Would it really matter in relation to the investment you are going to make?

certainly not going to be setting up a super computer farm in my backyard - but as some mentioned prior, a few of the major platforms will be offering it-ETFC offering it and I spk with the CFO at TD Ameritrade last wk and they are in wait and see mode. I'm sure they will offer it eventually though as grannies are talking about it so it's hot and just the assets associated with it will be a good growth avenue

Truth be told though I'll probably just partake in bitcoin plays vs buying directly for myself and my firm has extremely strict investment criteria of which bitcoin does not come close to fitting

I like learning about it though as I the block chain technology will change things going fwd

[babybear]

also those krypto cats are creepy
fancy cats also brings my mind straight to it being a russian scam to infect their systems

maybe I should change my name here to fancy bear

[digitaldeath]

also those krypto cats are creepy
fancy cats also brings my mind straight to it being a russian scam to infect their systems

maybe I should change my name here to fancy bear

Bitcoin is a global and cashless currency where the user bares full responsibility for their funds with no insurances or recourse for loss. If we're being honest, it sounds a lot like the next step in the elite's financial plan.

[SkiCougar]

Crash imminent. The old lady at work came over to me yesterday morning and asked, "What is bitcoin? My grandson said I should buy some." So I bought some this morning. Crash and burn.

that's beautiful.

also signs of crash is near as people similar to the nuts that say gold and silver is about to triple are saying bitcoin to 100,000 or a million.

personally, I'm having a bitcoin Christmas. I have taken out my intial investment and will be buying all Christmas gifts with profits from that investment. bitcoin can go to zero or a million now, the money I have in there now is just profits for me and no losses as I took my initial out.

[Bromontana]

Accounts getting liquidated shorting bitcoin. Never short the frontside of the move, especially in something like btc.

https://twitter.com/BitmexRekt/statu...89136967110661

https://twitter.com/BitmexRekt/statu...89136014987269

https://twitter.com/BitmexRekt/statu...89094696964096

https://twitter.com/BitmexRekt/statu...89092381728768

https://twitter.com/BitmexRekt/statu...85168706777089

[Flyoverland Captive]

So if BTC mining is using as much energy daily as some smaller nations, how is it sustainable? At some point it must stop; what happens to the value then?