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Old 11-03-2017, 11:01 AM   #121
SUMrTOY
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I'm a fvcking retard... So, feel free to sodomize me here. But, who's buying bitcoin at $7500?

Say I had a billion in Bitcoin and I said... "Hey, I'm good, I'm cashing the F out!" Who/what is buying my billion dollars worth of cryptocurrency?
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Old 11-03-2017, 11:03 AM   #122
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Originally Posted by SUMrTOY View Post
I'm a fvcking retard... So, feel free to sodomize me here. But, who's buying bitcoin at $7500?

Say I had a billion in Bitcoin and I said... "Hey, I'm good, I'm cashing the F out!" Who/what is buying my billion dollars worth of cryptocurrency?
It's a bubble. There is a buying frenzy right now, and the mongs have just discovered it (IE 96gts4.6l and wxmyjnsn threads). I anticipate it'll pop any day now. I expected it back at $4k, but who knows.

Basically, idiots are buying it at $7500.
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Old 11-03-2017, 11:19 AM   #123
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Originally Posted by SUMrTOY View Post
I'm a fvcking retard... So, feel free to sodomize me here. But, who's buying bitcoin at $7500?

Say I had a billion in Bitcoin and I said... "Hey, I'm good, I'm cashing the F out!" Who/what is buying my billion dollars worth of cryptocurrency?
I don't know what to think of the people still holding. It's kind of hard to call them stupid, because they were right. I'll go with lucky, very lucky.
If I ever had any bitcoins, they would've been sold a long time ago.

I'm just waiting for the bubble to pop so I can start trolling Theo.
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Old 11-03-2017, 11:59 AM   #124
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I don't know what to think of the people still holding. It's kind of hard to call them stupid, because they were right. I'll go with lucky, very lucky.
If I ever had any bitcoins, they would've been sold a long time ago.

I'm just waiting for the bubble to pop so I can start trolling Theo.
Pretty much. You know that mongoloid will hold those 0.4 coins of his all the way back down to $10, if that's how far it falls. Just like he did with SIRI.
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Old 11-03-2017, 12:19 PM   #125
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Originally Posted by SUMrTOY View Post
I'm a fvcking retard... So, feel free to sodomize me here. But, who's buying bitcoin at $7500?

Say I had a billion in Bitcoin and I said... "Hey, I'm good, I'm cashing the F out!" Who/what is buying my billion dollars worth of cryptocurrency?
https://www.bloomberg.com/news/artic...price-exploded

these ppl!
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Old 11-03-2017, 12:21 PM   #126
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As with the more than sevenfold increase in the price of bitcoin to more than $7,000 this year, new customers may be wise to proceed with caution. Coinbase’s GDAX platform drew scrutiny from the Commodity Futures Trading Commission last month over the June 21 flash crash that erased most of the value of ether, the second-largest cryptocurrency, in a matter of milliseconds.
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Old 11-03-2017, 12:26 PM   #127
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I don't know what to think of the people still holding. It's kind of hard to call them stupid, because they were right. I'll go with lucky, very lucky.
If I ever had any bitcoins, they would've been sold a long time ago.

I'm just waiting for the bubble to pop so I can start trolling Theo.
it's impossible to troll me baby! liked it @200, risk is it being hacked/outlawed/replaced etc, reward: i've already said it's either worth nothing, or a lot! #tookcapitaloutlongtimeagoooo
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Old 11-03-2017, 12:29 PM   #128
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As with the more than sevenfold increase in the price of bitcoin to more than $7,000 this year, new customers may be wise to proceed with caution. Coinbase’s GDAX platform drew scrutiny from the Commodity Futures Trading Commission last month over the June 21 flash crash that erased most of the value of ether, the second-largest cryptocurrency, in a matter of milliseconds.

suckers are always late
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Old 11-03-2017, 12:36 PM   #129
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Pretty much. You know that mongoloid will hold those 0.4 coins of his all the way back down to $10, if that's how far it falls. Just like he did with SIRI.
lol buying a few $k worth of $SIRI @ .11 played out well
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Old 11-03-2017, 12:45 PM   #130
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#tookcapitaloutlongtimeagoooo:
That doesn't matter.
If I lose most of what I've won in the market, I still fvcking lost.
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Old 11-03-2017, 01:08 PM   #131
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That doesn't matter.
If I lose most of what I've won in the market, I still fvcking lost.
no way around the possibility of a loss baby, when beany gets in it's time to hit the big red button
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Old 11-03-2017, 01:25 PM   #132
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no way around the possibility of a loss baby, when beany gets in it's time to hit the big red button
You're in for a rude awakening, dude.
After it pops, you'll lie and say you sold early, but because you held this long, there's no doubt you will hold until the bottom.

I'll be celebrating it, because your continuous bumping of this thread has annoyed the piss out of me.
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Old 11-03-2017, 01:51 PM   #133
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You're in for a rude awakening, dude.
After it pops, you'll lie and say you sold early, but because you held this long, there's no doubt you will hold until the bottom.

I'll be celebrating it, because your continuous bumping of this thread has annoyed the piss out of me.
Clubhouse used to be hot spot for the latest news, since you've been here since 2003 you're prolly well aware... I'm keeping the bitcoin news section up to date.

Rude awakening? You're sooo mad
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Old 11-03-2017, 02:00 PM   #134
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Clubhouse used to be hot spot for the latest news, since you've been here since 2003 you're prolly well aware... I'm keeping the bitcoin news section up to date.

Rude awakening? You're sooo mad
I'm mad that I'm not as stupid as you, and didn't buy in at $200, but you will lose, because (again) you will hold until the bottom.
I've actually been here since 2000, but could only prove my new registration name to AlBlue to 2003.
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Old 11-03-2017, 02:09 PM   #135
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I'm mad that I'm not as stupid as you, and didn't buy in at $200, but you will lose, because (again) you will hold until the bottom.
I've actually been here since 2000, but could only prove my new registration name to AlBlue to 2003.
What was your old name? Cookie Monster?
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Old 11-03-2017, 02:16 PM   #136
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What was your old name? Cookie Monster?
Cookie Monster was the guy that wrote papers for people and did credit card piggybacking.
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Old 11-03-2017, 02:42 PM   #137
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What was your old name? Cookie Monster?
PMed
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Old 11-03-2017, 03:15 PM   #138
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PMed
Just read the PM. Don't be ashamed, I don't think anyone remembered when you went by 'gay4pay'.
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Old 11-03-2017, 03:18 PM   #139
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Just read the PM. Don't be ashamed, I don't think anyone remembered when you went by 'gay4pay'.


It was gay4day.
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Old 11-03-2017, 03:28 PM   #140
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It was gay4day.
That's not what el emitate tells me...

gay4erryday maybe.


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Old 11-03-2017, 03:36 PM   #141
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Originally Posted by SUMrTOY View Post
I'm a fvcking retard... So, feel free to sodomize me here. But, who's buying bitcoin at $7500?

Say I had a billion in Bitcoin and I said... "Hey, I'm good, I'm cashing the F out!" Who/what is buying my billion dollars worth of cryptocurrency?
Def not anyone posting about it on here
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Old 11-03-2017, 04:56 PM   #142
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I'm a buyer at 20,000
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Old 11-05-2017, 10:08 AM   #143
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I'm no math wizard

120,000 x 6500 = 780,000,000

BILLIONAIRESSSSSSSSS
Andddd 4 days later, it's true
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Old 11-05-2017, 10:12 AM   #144
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I'm a buyer at 20,000
I'm buying @ $1
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Old 11-08-2017, 10:11 AM   #145
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segwit2x apparently canceled, bitcoin +$450 to $7,900 on the news
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Old 11-09-2017, 09:31 AM   #146
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Bitcoin's Exorbitant Energy Costs May Prove to Be Biggest Risk
It may not matter whether bitcoin’s a bubble. The staggering energy costs associated with “mining” the digital currency could prove to be its downfall.

Even as bitcoin flirts with $8,000, the price required for mining to be marginally profitable stands at a jaw-dropping $300,000 to $1.5 million by 2022 based on current growth trends and electricity use, according to Christopher Chapman, an analyst at Citigroup Inc. At that pace, the implied consumption would match that for the whole of Japan over the long haul.

“We don’t think that those levels of mining can be reached, and that governments will regulate/tax miners as a way of reducing the power consumption,” Chapman said in an email Thursday.

Mining, combined with the peer-to-peer network, known as the blockchain, form the backbone of the virtual currency, facilitating transactions and maintaining the online ledger for coins in the system. Miners, in turn, are rewarded for taking part, under what is known as a proof-of-work system.

https://finance.yahoo.com/news/bitco...145033285.html
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Old 11-09-2017, 09:42 AM   #147
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Bitcoin's Exorbitant Energy Costs May Prove to Be Biggest Risk
It may not matter whether bitcoin’s a bubble. The staggering energy costs associated with “mining” the digital currency could prove to be its downfall.

Even as bitcoin flirts with $8,000, the price required for mining to be marginally profitable stands at a jaw-dropping $300,000 to $1.5 million by 2022 based on current growth trends and electricity use, according to Christopher Chapman, an analyst at Citigroup Inc. At that pace, the implied consumption would match that for the whole of Japan over the long haul.

“We don’t think that those levels of mining can be reached, and that governments will regulate/tax miners as a way of reducing the power consumption,” Chapman said in an email Thursday.

Mining, combined with the peer-to-peer network, known as the blockchain, form the backbone of the virtual currency, facilitating transactions and maintaining the online ledger for coins in the system. Miners, in turn, are rewarded for taking part, under what is known as a proof-of-work system.

https://finance.yahoo.com/news/bitco...145033285.html
written by someone who clearly doesn't understand what bitcoin is.

No surprise that you thought it relevant though.
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Old 11-09-2017, 10:59 AM   #148
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written by someone who clearly doesn't understand what bitcoin is.

No surprise that you thought it relevant though.
Enlighten us

Pls
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Old 11-09-2017, 11:00 AM   #149
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Enlighten us

Pls
If they stopped mining actual gold tomorrow, do you think the price of gold would collapse?
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Old 11-09-2017, 11:20 AM   #150
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If they stopped mining actual gold tomorrow, do you think the price of gold would collapse?
Damn, that was dumbed down so far I was able to understand it (using basic economics).
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Old 11-10-2017, 04:59 PM   #151
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Before You Buy Bitcoin, Read This

"On Friday, Bitcoin fell 9% to $6,558.98, wiping out a rally on news that a plan to split the crypto currency was called off.

One risk is that governments likely will limit the currencies' use, such as barring them for tax payments, which would keep them out of the mainstream, according to UBS. China recently banned initial coin offerings and trading in cryptocurrencies, and it may not be the last government to act on concerns about giving up control over the flow of funds, the ability to monitor taxable gains or appearing vigilant in protecting investors.

But many retailers are accepting Bitcoins as payment, including Microsoft, Target, Home Depot and Subway. And more uses are in the works.

Cryptocurrency Investment Vehicles

Only a handful of ETFs and other exchange traded products have significant exposure to Bitcoin or other cryptos. One is Greyscale's Bitcoin Investment Trust (GBTC). It's attracted $1.28 billion in assets and is up 657% this year.
...
Bitcoin rules state that only 21 million Bitcoins can ever be created, though the coins can be split into smaller parts. That could make Bitcoin, like gold, an attractive inflation hedge, backers say. There are 16.67 million Bitcoin in circulation now.

On the other hand, the potential creation of new digital currencies creates "the possibility of limitless supply of different cryptocurrencies,"
...
Ethereum has jumped 3,773% this year from $8.03 on Dec. 31 to $325.69 on Nov. 9. It's 17% off its Sept. 1 high of $390.34.
CME Group and Cboe Global Markets have said they plan to offer Bitcoin futures as early as this year, pending regulatory review.

But the same day, VanEck withdrew its Aug. 11 application for VanEck Vectors Bitcoin Strategy ETF, which would have also invested in Bitcoin futures. According to VanEck's application withdrawal letter, the SEC's policy is to not review a registration statement until the underlying instruments (Bitcoin futures contracts) become available.

Even Fidelity Investments is dipping its toes in the cryptocurrency field by teaming up with Coinbase. Fidelity's innovation unit on Aug. 9 said it will allow Fidelity customers to view their Bitcoin, Ethereum and Litecoin balances in their Coinbase wallet accounts.

Balchunas puts the odds at about 50/50 of a new ETF option in the next two years.

ARK Investment Management, which runs six ETFs, offers exposure to Bitcoin and was the first ETF to own GTBC shares, which has helped boost the funds' performance.

ARKK and ARKW were the top two sector ETFs based on their year-to-date returns through Nov. 7, according to Morningstar Direct, with respective gains of 74% and 72%."
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Old 11-11-2017, 10:16 PM   #152
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Bitcoin plunges to $5,600 while money is rotating into Bitcoin Cash which currently trades @ $2,000+. Bitcoin Cash is up 600% in few short weeks.
https://coinmarketcap.com/currencies...n-cash/#charts
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Old 11-12-2017, 05:54 AM   #153
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So have you cashed out Theo? Or are you riding it all the way down to impact?
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Old 11-12-2017, 07:35 AM   #154
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Would make a great currency with that kind of stability
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Old 11-12-2017, 07:46 AM   #155
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i'm holding all mine i bought @ 6800 .
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Old 11-12-2017, 08:52 AM   #156
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So have you cashed out Theo? Or are you riding it all the way down to impact?
I wanna sell when it hits $100,000 to beany!!
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Old 11-13-2017, 05:21 AM   #157
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So those twin f@gg0ts just lost $.30 Billion+ dollars in a few days?
Too bad they couldn't find 100,000 idiots to buy this BTC @ $7500 like LUCC suggested.

With other crypto's like Ethereum and Litecoin coming online, buying in at that level seems like 96gts level stupid.
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Old 11-13-2017, 06:29 AM   #158
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So those twin f@gg0ts just lost $.30 Billion+ dollars in a few days?
Too bad they couldn't find 100,000 idiots to buy this BTC @ $7500 like LUCC suggested.

With other crypto's like Ethereum and Litecoin coming online, buying in at that level seems like 96gts level stupid.
I would be on my own island right now with a new set of girls shipped in on a daily basis. Fvckers till have ~660MM in bitcoin if they didn't sell already.
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Old 11-13-2017, 06:30 AM   #159
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Bitcoin Plunges More Than 25% In Last 4 Days

Just passing this on

https://www.wsj.com/articles/bitcoin...ays-1510560354
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Old 11-13-2017, 06:32 AM   #160
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Bitcoin Plunges More Than 25% In Last 4 Days

Just passing this on

https://www.wsj.com/articles/bitcoin...ays-1510560354
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