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Posted: 11/29/2017 12:06:02 PM EDT
[#1]
Quote HistoryQuoted:
Bitcoin has crashed 80% before and it can do so again. I hope you do make money, but: 1. Know that in almost every market, prices go down much faster than they can go up. Bitcoin is very volatile, don't be surprised if one day you wake up and they've lost 70% of their value in a single night. 2. Don't bet anything you aren't willing to lose Quote HistoryQuoted:
Quoted: Keep laughing and going on about muh tulips/bubble. We will keep making money. Maybe one day you'll understand how to play the game. I hope you do make money, but: 1. Know that in almost every market, prices go down much faster than they can go up. Bitcoin is very volatile, don't be surprised if one day you wake up and they've lost 70% of their value in a single night. 2. Don't bet anything you aren't willing to lose 
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Posted: 11/29/2017 12:12:30 PM EDT
[#2]
Quote HistoryQuoted: If it drops 70% I’ll buy more!! |
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Posted: 11/29/2017 12:12:43 PM EDT
[#3]
Quote HistoryQuoted: I think the days of people considering btc a true cryptocurrency are over. It's digital gold now. LTC on the other hand, I don't consider to be USD. It's nice when I make fiat gains on LTC (like now), but at it's heart it's an actual currency to me. I hope that continues to be the case. |
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Posted: 11/29/2017 12:13:15 PM EDT
[#4]
Quote HistoryQuoted:
Time will tell. A lot of people felt similarly in 2013/2014. On the other hand, it's survived one boom/bust cycle and I think it will survive this one. As long as people keep hoarding it, it will rise in value. I don't ever plan on selling mine. That's one less bitcoin up for trade. Every time a person adopts that attitude, the value climbs. Blockchain technology isn't going anywhere and will certainly be used more in the future. Doesn't mean cryptos aren't an in overvalued mania. ...Just like the internet was the future in 2000. They were right to a degree. It didn't mean websites with 100 employees should be worth more than GM... It took internet stocks well over a decade to return to their bubble highs after the bust. The hype got far ahead of the reality, just like now. |
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Posted: 11/29/2017 12:13:58 PM EDT
[#5]
Quote HistoryQuoted: I like LTC and think it does have a good future, but some works needs to be done on getting businesses to accept it even to the same degree as bitcoin. Offhand the only major company I know that accepts Litecoin is overstock.com 
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Posted: 11/29/2017 12:23:42 PM EDT
[#6]
Quote HistoryQuoted: Bolded is basically the definition of pyramid financing... especially on an asset with 0 intrinsic value. Blockchain technology isn't going anywhere and will certainly be used more in the future. Doesn't mean cryptos aren't an in overvalued mania. ...Just like the internet was the future in 2000. They were right to a degree. It didn't mean websites with 100 employees should be worth more than GM... It took internet stocks well over a decade to return to their bubble highs after the bust. The hype got far ahead of the reality, just like now. |
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Posted: 11/29/2017 12:26:16 PM EDT
[#7]
Quote HistoryQuoted: I like LTC and think it does have a good future, but some works needs to be done on getting businesses to accept it even to the same degree as bitcoin. Offhand the only major company I know that accepts Litecoin is overstock.com |
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Posted: 11/29/2017 12:30:54 PM EDT
[#8]
Quote HistoryQuoted: IMO, we are 3-5 years out on a solid "spending" use case for the currency coins. Everyone screaming HODL and expecting the "other guy" to spend is the greater fool theory. |
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Posted: 11/29/2017 12:37:36 PM EDT
[#9]
@TheRealGhurkaDin - I think it's time for a title update
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Posted: 11/29/2017 12:40:26 PM EDT
[#10]
Quote HistoryQuoted: Bitcoin has crashed 80% before and it can do so again. I hope you do make money, but: 1. Know that in almost every market, prices go down much faster than they can go up. Bitcoin is very volatile, don't be surprised if one day you wake up and they've lost 70% of their value in a single night. 2. Don't bet anything you aren't willing to lose |
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Posted: 11/29/2017 12:42:39 PM EDT
[#11]
I don't understand why there needs to be regulations on bitcoin.
To me it seems like it needs to exist how it does. |
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Posted: 11/29/2017 12:42:46 PM EDT
[#12]
Annnnnd... I’m out. This isn’t a sustainable curve and I’m not risking the amounts required to see a profit day trading.
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Posted: 11/29/2017 12:46:46 PM EDT
[#13]
Quote HistoryQuoted:
my gun business excepts all cryptos as payment.. |
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Posted: 11/29/2017 12:50:43 PM EDT
[#14]
Quote HistoryQuoted:
Annnnnd... I'm out. This isn't a sustainable curve and I'm not risking the amounts required to see a profit day trading. |
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Posted: 11/29/2017 12:56:48 PM EDT
[#15]
Quote HistoryQuoted:
How much were you in for? Quote HistoryQuoted:
Quoted:
Annnnnd... I'm out. This isn't a sustainable curve and I'm not risking the amounts required to see a profit day trading. |
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Posted: 11/29/2017 12:59:10 PM EDT
[#16]
Quote HistoryQuoted: Not much. I'm not cashing out for a Lamborghini or anything. Will probably try to pick up a little when it corrects. Once again, just a little. All these people using credit to buy in while thinking they'll get rich in six months is bad juju. |
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Posted: 11/29/2017 1:06:00 PM EDT
[#17]
Quote HistoryQuoted: my gun business excepts all cryptos as payment.. Now I mostly stick to BTC/ETH but will do LTC. ETH I've been trading and taking profits on while holding BTC |
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Posted: 11/29/2017 1:07:51 PM EDT
[#18]
i'm in such a deep FOMO depression right now, was considering getting in with around $6k total when it was sub $2k (roughly ~3 BTC) but my job (contract position) had just ended and i wanted to keep as much in my savings until i knew what i was doing next
fuuuuccckkkkkkkkkkk FML^1,000,000 please dip down oh lawdy please |
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Posted: 11/29/2017 1:10:14 PM EDT
[#19]
Quote HistoryQuoted:
i'm in such a deep FOMO depression right now, was considering getting in with around $6k total when it was sub $2k (roughly ~3 BTC) but my job (contract position) had just ended and i wanted to keep as much in my savings until i knew what i was doing next fuuuuccckkkkkkkkkkk FML^1,000,000 please dip down oh lawdy please Crypto isn't going anywhere, and it's picking up speed fast. There is still a lot of money to be made! |
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Posted: 11/29/2017 3:06:54 PM EDT
[#20]
Both knives bought skimming profits on ETH |
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Posted: 11/29/2017 3:09:24 PM EDT
[#21]
Quote HistoryQuoted:
I sold 2.5 out of my 3.2 bitcoins last night Since I sold it will go to $10,000 now 
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Posted: 11/29/2017 3:16:58 PM EDT
[#22]
It looks like it's flash-crashing now
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Posted: 11/29/2017 3:17:09 PM EDT
[#23]
I'm officially a Bitcoin owner. Well, .00031 bitcoin to be precise. Lol, it's at a peak now but ill buy in a bit here and there as it mellows out. I think the ease of purchase due to the phone apps will keep it relevant and exciting.
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Posted: 11/29/2017 3:19:20 PM EDT
[#24]
Quote HistoryQuoted:
It looks like it's flash-crashing now
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Posted: 11/29/2017 3:25:21 PM EDT
[#25]
What the FUCK. I just limit order sold my whole position and now GDax is down.
Now I can't get back in to buy a dip. FUCK |
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Posted: 11/29/2017 3:26:31 PM EDT
[#26]
Quote HistoryQuoted: If it hits 9k im buying more. |
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Posted: 11/29/2017 3:30:04 PM EDT
[#27]
Quote HistoryQuoted:
"This time it's different"  You do realize that's the same line (...or something that rhymes with it) everyone has said during every bubble/mania ever? Quote HistoryQuoted:
Quoted: Except bitcoin doesn't follow the logic of any other market. Everyone was screaming BUT MUH TULIPS!! when it hit 3k. Now it's at 10k+ and the same people are saying the same shit. When it's at 20k, or 50k, they'll be saying the same shit. You do realize that's the same line (...or something that rhymes with it) everyone has said during every bubble/mania ever? Quoted:
I'm no authority on the matter, I was brand new to crypto 4 weeks ago. |
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Posted: 11/29/2017 3:31:08 PM EDT
[#28]
Correction time boys
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Posted: 11/29/2017 3:31:09 PM EDT
[#29]
Quote HistoryQuoted:
What the FUCK. I just limit order sold my whole position and now GDax is down. Now I can't get back in to buy a dip. FUCK 
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Posted: 11/29/2017 3:34:12 PM EDT
[#30]
Quote HistoryQuoted:
But it’s different this time. So that's 130 dollars that I've just materialized today out of nothing, in about 5 minutes. |
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Posted: 11/29/2017 3:35:46 PM EDT
[#31]
Quote HistoryQuoted:
The hubris is juicy. Government hates competition. It’s going to be interesting when the wizards and warlocks from various countries set their sights on it. It's entertaining. Its been a long time since I could watch a bubble in real time Earlier today Bitcoin was at $11,500, now it's at $9,200. Volatility much?
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Posted: 11/29/2017 3:37:22 PM EDT
[#32]
Below 9000 now
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Posted: 11/29/2017 3:37:42 PM EDT
[#33]
How many people were set to sell at $12k and were given a major tease today?
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Posted: 11/29/2017 3:38:16 PM EDT
[#34]
Quote HistoryQuoted:
Below 9000 now |
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Posted: 11/29/2017 3:38:27 PM EDT
[#35]
market is crashing now but GDAX and coinbase are down!!!!! UGH good time to buy
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Posted: 11/29/2017 3:38:52 PM EDT
[#36]
8600 now
How many new tethers are going to pop into thin air soon? |
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Posted: 11/29/2017 3:46:54 PM EDT
[#37]
Coinbase wont even let me fucking buy
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Posted: 11/29/2017 3:49:11 PM EDT
[#38]
Quote HistoryQuoted:
Coinbase wont even let me fucking buy |
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Posted: 11/29/2017 3:50:28 PM EDT
[#39]
Well Coinbase shit the bed
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Posted: 11/29/2017 3:50:44 PM EDT
[#40]
Quote HistoryQuoted:
8600 now How many new tethers are going to pop into thin air soon? 
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Posted: 11/29/2017 4:02:36 PM EDT
[#41]
Quote HistoryQuoted:
Well Coinbase shit the bed
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Posted: 11/29/2017 4:02:42 PM EDT
[#42]
BTC has moved from 10,476 to 8737 and back to 9747 over the past 60 minutes.
tHIS IS fun. |
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Posted: 11/29/2017 4:03:03 PM EDT
[#43]
I have an order on GDAX for BTC at 9500 however it hasn't been filled although it's dropped below that several times. Been trying to cancel the order but it just does nothing. Wont put the $$$ back into my account and leaves the order listed as open. Ideas?
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Posted: 11/29/2017 4:03:37 PM EDT
[#44]
This is hilarious.
Im sure everyone will line up to to pay everything with bitcoin, where depending on the hour you spend it your dollar could buy either $1.15 or $0.86 worth of goods... |
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Posted: 11/29/2017 4:05:10 PM EDT
[#45]
Quote HistoryQuoted:
BTC has moved from 10,476 to 8737 and back to 9747 over the past 60 minutes. tHIS IS fun. Gotta keep it green at all costs or the ponzi is up! |
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Posted: 11/29/2017 4:06:03 PM EDT
[#46]
Quote HistoryQuoted:
I have an order on GDAX for BTC at 9500 however it hasn't been filled although it's dropped below that several times. Been trying to cancel the order but it just does nothing. Wont put the $$$ back into my account and leaves the order listed as open. Ideas? Sometimes your order won't fill because of the sheer volume of orders at that price. The price will sometimes change before your order is placed. But yes I'm experiencing the same as you. Hit cancel on the order and wait a minute, your funds will show back up. |
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Posted: 11/29/2017 4:07:25 PM EDT
[#47]
Quote HistoryQuoted:
I have an order on GDAX for BTC at 9500 however it hasn't been filled although it's dropped below that several times. Been trying to cancel the order but it just does nothing. Wont put the $$$ back into my account and leaves the order listed as open. Ideas? 
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Posted: 11/29/2017 4:09:19 PM EDT
[#48]
Quote HistoryQuoted: Not sure but on a similar note, it sucks to see $9500 on the Coinbase dashboard, and then click Buy, and then it says $9850. 
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Posted: 11/29/2017 4:09:42 PM EDT
[#49]
Quote HistoryQuoted: It is being laggy. Sometimes your order won't fill because of the sheer volume of orders at that price. The price will sometimes change before your order is placed. But yes I'm experiencing the same as you. Hit cancel on the order and wait a minute, your funds will show back up. |
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Posted: 11/29/2017 4:09:52 PM EDT
[#50]
Quote HistoryQuoted:
Well Coinbase shit the bed That happens EVERY single time there is a big jump. I'm sure they make $1M/minute doing it too. |
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