Bitcoin discussion

Discussion in 'The Mainboard' started by Nantucket, Jan 29, 2017.

  1. LeVar Burton

    LeVar Burton Popped a molly, I'm sweatin' WHOA!
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    Sunday night/Monday morning futures begin to be traded. That means a tidal wave of cash is going to be pouring into the BTC game.

    [​IMG]
     
    #1751 LeVar Burton, Dec 7, 2017
    Last edited: Dec 7, 2017
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  2. Jax Teller

    Jax Teller Well-Known Member
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    Looks like starting with $75 and continuing to dump a little cash as often as I could into BTC was a good move.
     
  3. theregionsitter

    theregionsitter Well-Known Member
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    yea this is getting wild
     
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  4. gatorfromiowa

    gatorfromiowa only UF commits have committable offers
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    Does it? I don't think anyone actually knows how the market will react to the futures. From what I read, all of the Chicago exchange transactions are just in cash, so no one is actually transacting in BTC or forced to buy/hold BTC to pay off a future. Beyond that, there are plenty of people that seem to be lining up to short it (see: rules). Although again I don't know how you can short something this wild. If you took at short position at 10 or 11k, it likely would've been wiped out in the last few days.
     
  5. gatorfromiowa

    gatorfromiowa only UF commits have committable offers
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    XLM and STRAT recently come to mind...depends on your time frame obviously. Long term though I don't think anything has gained relative to BTC.
     
  6. LeVar Burton

    LeVar Burton Popped a molly, I'm sweatin' WHOA!
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  7. Odin

    Odin PS4 master race
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    Vtc will be $25 by eoy
     
  8. colonel_forbin

    colonel_forbin Well-Known Member
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    Same here. It's frustrating, but I'm still going to hold my alts because I'd never be able to buy back in to the large position I'm at now
     
  9. JohnnyChimpo

    JohnnyChimpo Carryin' a 20 pound python in my jeans
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    This is fucking crazy
     
  10. JohnnyChimpo

    JohnnyChimpo Carryin' a 20 pound python in my jeans
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    I just bought a Trezor - did a little bit of research and it seems like it's regarded as one of the safest ways to store

    Anyone else using a hardware wallet?
     
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  11. CF3234

    CF3234 Fan of: Bandwagons
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    so is there any concern that BTC is booming while ETH and LTC are stagnant? I still know nothing about this market so Im trying to learn if the 3 coins are connected
     
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  12. Don't Hate Me Bro!

    Don't Hate Me Bro! Wigglin my toes on a mink rug...
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    The strategy is relative to the above fact. There just aren’t many alts outperforming or keeping pace with BTC. Secondly, in my short time I’m just not seeing that direct inverse correlation (my biggest alt pumps came when bitcoin was pumping too, and when bitcoin was stagnant or even dipped, alts didn’t do move or actually fell). Maybe it was diffferet earlier in the year, but I’m just not seeing it now. I’m becoming more of a bitcoin maximalist. Alts are primarily traded against BTC or ETH, inflow/outflow pumps BTC.

    I think the market is reacting. I don’t think you can make similar assumptions with this market compared to traditional markets... News/anticipation isn’t completely priced in in my opinion because this isn’t a sophisticated market with sophisticated investors/institutional guidance.

    I’m curious to see if the conspiracy theories play out, and by all accounts they have been steady accumulating, but agree it’d take some big ol balls to short this bad boy.
     
  13. Don't Hate Me Bro!

    Don't Hate Me Bro! Wigglin my toes on a mink rug...
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    Yes, but most of my BTC is on GDAX right now because I’m worried it could tank at any minute.
     
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  14. JohnnyChimpo

    JohnnyChimpo Carryin' a 20 pound python in my jeans
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    I've been thinking of taking out what I put in to this (plus a little Christmas fun money) and throwing a couple bitcoins on the trezor (not touching for a while) and just seeing where the hell this thing ends up
     
  15. theregionsitter

    theregionsitter Well-Known Member
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    had a buddy that works for fidelity just text me that his entire office is basically shut down as they are all just watching this thing unfold

    its scaring everyone to death, they've had clients panicking calling them asking them what to do
     
  16. JohnnyChimpo

    JohnnyChimpo Carryin' a 20 pound python in my jeans
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    checks price -> $15,800

    *go take a piss & come back

    checks price -> $16,440
     
  17. prerecordedlive

    prerecordedlive Flippin' heck
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    Fuck it. Sold my extremely tiny stake in ETH and shifted it to BTC. I’m entertained if this thing keeps skyrocketing. Not like I’m at a point in life yet that I can seriously invest in this. Yay young adulthood.
     
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  18. oprostaj

    oprostaj Well-Known Member

    For fucks sake man keep pissing!
     
  19. JohnnyChimpo

    JohnnyChimpo Carryin' a 20 pound python in my jeans
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    Almost a $5,000 gain per coin in the last 48 hours
     
  20. oprostaj

    oprostaj Well-Known Member

    How are you people with actual money handling this? I have one sad little BTC and my asshole is so puckered I'm leaving diamonds as I walk.
     
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  21. JohnnyChimpo

    JohnnyChimpo Carryin' a 20 pound python in my jeans
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    It's gotten to the point where "one sad little BTC" isn't so sad anymore. Think about the % of people have $16,000+ in disposable cash laying around
     
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  22. gatorfromiowa

    gatorfromiowa only UF commits have committable offers
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    I think that long-term and once the market matures a bit it will make sense to be in alts with actual use cases, real world application, etc.

    For now, it seems like a pretty unsophisticated market that is just screaming BTC without regard to anything else. I'm not going to liquidate out of fct, xrp, and ltc, but btc is like 63% of my total holdings and that's a number i'm comfortable with.
     
  23. prerecordedlive

    prerecordedlive Flippin' heck
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    Fuck me, it’s about to hit $17k.
     
  24. oprostaj

    oprostaj Well-Known Member

    Exactly my thoughts. Like... I have no idea why the rise in value of BTC but I'll gladly be along for the ride.

    IF crypto is the future, we'd be crazy to abandon some of these ALTs when they're literally pennies. Especially since some of them have logical usage in the real world. But I still think relative to USD. I don't even think of Bitcoin as a currency. They're magical beans either taking me to heaven or straight to hell.
     
  25. gatorfromiowa

    gatorfromiowa only UF commits have committable offers
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    Also when BTC goes on runs like this and alts drop, it just makes me wish i had a shitload more money to invest. Might as well buy the alt dips.
     
  26. gatorfromiowa

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    Gdax trading at like 1.1k higher than gemini. Would be fun to just buy on one and sell on the other.
     
  27. Struggler

    Struggler Well-Known Member
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    ETH doesn’t correlate with BTC. I got that from a bitcoin market explanation from Meryl Lynch for its financial planners.
     
  28. tmbrules

    tmbrules Make America Great Again!
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    I asked for clearance to trade BTC and was told we had to schedule an interview with the Clearing Bank.

    Trying to schedule interview for Friday but was told we are in line :ohdear::ohdear:
     
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  29. CF3234

    CF3234 Fan of: Bandwagons
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    still gonna short it?
     
  30. tmbrules

    tmbrules Make America Great Again!
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    My first futures trade will be a sell.

    I really just want to follow it until options are traded on it (which i have been told is 6-9 months out).
     
  31. jkun

    jkun UGA, Falcons, Braves, Tennis, Chelsea
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    should I buy litecoin?

    I'm late to this game. was paying attention in the early days and then stopped, now I feel like a major asshole
     
  32. captbunch

    captbunch Fan of: Texas Tech, Texas Rangers
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    this all just makes my head hurt as i try to learn
     
  33. Don't Hate Me Bro!

    Don't Hate Me Bro! Wigglin my toes on a mink rug...
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    Just buy Bitcoin. Don’t overthink it. That said, don’t be surprised if there’s a significant correction in the future.
     
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  34. prerecordedlive

    prerecordedlive Flippin' heck
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    Someone quickly post a referral code for Binance. Thanks.

    Trying to get ahead of this Req wave.
     
  35. prerecordedlive

    prerecordedlive Flippin' heck
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    Also, best wallet? Hardware/software/mobile device?

    Looking at the Ledger Nano S and don’t know if the expense is necessary.
     
  36. Don't Hate Me Bro!

    Don't Hate Me Bro! Wigglin my toes on a mink rug...
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  37. LeVar Burton

    LeVar Burton Popped a molly, I'm sweatin' WHOA!
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  38. Don't Hate Me Bro!

    Don't Hate Me Bro! Wigglin my toes on a mink rug...
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    If you’re going to trade online wallets and exchanges are pretty safe. If you’re going to buy and hold Trezor and Nano are the best.
     
  39. CF3234

    CF3234 Fan of: Bandwagons
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    doing some digging on coinbase, their hidden commission on buying coins is going to end up a problem for them in the future. I get that they are telling you what you are buying BTC at, but the fact that it isn't a listed fee is absolutely an issue.
     
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  40. JohnnyChimpo

    JohnnyChimpo Carryin' a 20 pound python in my jeans
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    $17,500 on coinbase
     
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  41. Don't Hate Me Bro!

    Don't Hate Me Bro! Wigglin my toes on a mink rug...
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  42. JohnnyChimpo

    JohnnyChimpo Carryin' a 20 pound python in my jeans
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    at this rate we'll see $20,000 today
     
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  43. PharmDNole

    PharmDNole Right Handed
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    Man fuck qash, I mean it will rocket once it hits a major exchange but it's getting gutted right now
     
  44. gatorfromiowa

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    Buddy just saw 400 BTC get swallowed up on gdax at $17k...that's $10 mil +
     
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  45. PharmDNole

    PharmDNole Right Handed
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    I also bought ETH last week when I meant to buy BTC on coin base.... That sucks
     
  46. Don't Hate Me Bro!

    Don't Hate Me Bro! Wigglin my toes on a mink rug...
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  47. Trop

    Trop Momma stayed on Glenwood. Aye. Aye. Aye.
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    Yea.....so I'm throwing money at this thing from now on.
     
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  48. Trop

    Trop Momma stayed on Glenwood. Aye. Aye. Aye.
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    Qsnshdndkd djdkdm!!!!

    I bought more at 17.500..5 minutes ago ...and it's at 18,500 now.
     
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  49. pianoman

    pianoman my drinks are free
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    Yeah there's massive manipulation going on. They're inflating the price and when the futures trading starts they're going to short the hell out of it.