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

[whitekingsalmon]

So glad I'm not a rich douche.

What a lifestyle. [emoji40]

that's nothing.... .6k at the moment in this game is childs play. Watching the trade history on litecoin is amazing to watch.. consistent $30k trades and occasionally $100k and $200 to $300k trades.... and that was a 6 k..... now less... what a crazy drop just a while ago....

[whitekingsalmon]

Thinking about it that could be 6k bitcoin n not 6 k worth... my bad then..... still going down wow

[Bobby Stainless]

I do not have 6000 bitcoins. ($82,000,000.00)

[Bromontana]

I do not have 6000 bitcoins. ($82,000,000.00)

Pity, it's not that much money.

[DBdude]

^^^ the Stock Market is certainly in Bubble territory.

2 things.

Every time in the past the bubble has popped, if you held on, eventually it recovered and went higher as a whole. Is there going to be a time when that doesn't happen?

With the current leadership, who can accurately say when the Bubble will pop?

the stock market is not in a bubble. corp profits are strong and we may be at the end of a bull market

[DBdude]

I've got 6k in it. Hopeful I guess.

Would suck to lose 6k but that's gambling.

high risk equates to possible high reward

[whitekingsalmon]

Lots of gambling going on.... just saw a group of buy orders go thru for about 500+ litecoin..... made me curious so I looked over at bitcoin n at the same time looks like the same people bought a 25 bitcoin order right at 14k..

[splat]

pot stocks with interests in Cali and Canuckistan will continue to skyrocket next week as both go rec. throw some btc profit at some for a lil hedge.

[4matic]

Lots of gambling going on.... just saw a group of buy orders go thru for about 500+ litecoin..... made me curious so I looked over at bitcoin n at the same time looks like the same people bought a 25 bitcoin order right at 14k..

How do you know if they are buy long or cover short (still buying I suppose)? Almost sounds like a pair trade.

[digitaldeath]

Two dogs was referring to the six thousand you just traded for digital funny money.

[4matic]

Intramarket spreads at the spot price look like they are widening on https://bitcoinwisdom.com.

Coinbase could get run again if price gets away from them.

The longer price stays below the 38% retrace from $20k the 50% retrace gets more likely. I’d say a daily midnight GMT close below $13k puts $10k in immediate play. Christmas be a good day to start a weak hands panic.

[DBdude]

i think it is going to go down further in the near term

[Bobby Stainless]

Two dogs was referring to the six thousand you just traded for digital funny money.

Can't help that he's broke. Not my fault.

[Bromontana]

i think it is going to go down further in the near term

The backside of a parabolic rise is no place for aggression, unless shorting.

[Benny Profane]

The backside of a parabolic rise is no place for aggression, unless shorting.

Where do you learn to talk like that? Is it taught in certain schools?

[shroom]

ron burgundy

[Bromontana]

Where do you learn to talk like that? Is it taught in certain schools?

It's just applied physics, bruh.

[splat]

I've got 6k in it. Hopeful I guess.

Would suck to lose 6k but that's gambling.

So glad I'm not a rich douche.

What a lifestyle. [emoji40]

The two most predominant cumulative emotions in any casino are fear and envy.

[Bobby Stainless]

http://cdn.sonsofsamhorn.com/wp-content/uploads/2015/05/Rally-Cap-IMG-1.gif[/IMG]

The two most predominant cumulative emotions in any casino are fear and envy.

If you experience fear while gambling, you are in over your head.

[DBdude]

I haven't reread the thread, but I have followed it, and nobody talks about mining and the finite supply of bitcoin(mentioned once or twice) and the fact that the more bitcoin there is, the harder the blocks that make up bitcoin are to create. so the value is in the block chain, the distributed ledger of crypto keys and the transaction tied to them stored in wallets.

The collapse of Mt Gock is pretty weird. If bitcoin is a distributed ledger with crypto key pairs that denote financial transactions, how can you steal it? isn't that bit coin block of cryto key recorded somewhere else? is the value that an entity has a math solution for creating a bitcoin that can be submitted for verificatiom versus having to figure a new one out? how can the initial "math" just disappear if has been submitted for verification in a transaction at another time. doesn't the whole thing depend on the entire network knowing the created crpto keys

seriously guys, if you don't really understand block chain and what crypto currency is, you shouldn't be buying it.

If I am wrong please, flame away. I am really trying to figure it out now. I have known about it for quite a while in a rudimentary way, but now it is such a thing. I think most of you have no idea what it really is... laughing.. when you are buying something whose key value is how hard it is to make a really unique number for enabling financial transactions as in investment is kind of crazy. for example, there is a pizzeria in NY that took bit coin as a payment method. If they had kept that bitcoin used to buy their pizza, they would be millionaires several times over.

Yesterday an analyst at a major wall street firm said the actual value of bitcoin could be zero. It seems the value of a bitcoin would be the cost to produce a new crypto key that meets the bitcoin miners validation protocol and somebody willing to put value to it in a exchange of some sort

also bitcoin is highly divisible in that a bit coin can be subdivided into more key pairs. when does this kick in? when all the bitcoin is produced, or when it is more efficient to break up a bitcoin into more key then it is to create a new bitcoin?

[Bobby Stainless]

seriously guys, if you don't really understand block chain and what crypto currency is, you shouldn't be buying it.

[DBdude]

i have some tulip bulbs for you

[DBdude]

We got a badass

so tell me how you can steal a piece of information whose value lies in that the rest of the network knows who owns it?

I don't get it. At least I fucking think it about instead listening to long term cryto investors

edumacate me

[DBdude]

but a bitcoin has a history, gock must have lost their master list after they were hacked, or destroyed to cover fraud?

[DBdude]

bitcoin is owned by a wallet, the wallet is a collection of keys, these keys are stored in the "ledger" - the block chain