22 DEC 2017 - Ow

[Null]

Sometimes, the price of stock will start to drop at a very high rate. This causes some people to sell off what they have. But the rapid price drop was only temporary, and quickly recovers. Thus, it is a "trap".

The Chinese do this every 6 months. A Whale will sell a huge amount of BTC, leading a dip of a few % points, leading nubile investors to follow suit, leading reactionary investors to follow suit. Eventually the price stabilizes once the market realizes the entire drop is emotional instead of for any real reason, and the Whale will buy up all BTC again with the money he made selling it.

So if you sell $100m worth of BTC at $20k and then buy it all back at $14k, once it hits $20k again you've made over $42m doing nothing but shuffling cash around, but that money doesn't come from no where. You've basically stolen it from the people who can't ride the wave.

Which is why we do what, children? That's right. We ride the wave.

 

[Manah]

Nobody could have possibly seen this coming.

 

[Lesbian Sleepover]

I felt a disturbance in the difficulty force when my sizable hashing power felt sedated. Once they clear the bodies from the streets the traffic will subside.
Once all formats can do millisecond transactions I'm hoping we abandon traditional credit cards.

 

[Null]

I felt a disturbance in the difficulty force when my sizable hashing power felt sedated. Once they clear the bodies from the streets the traffic will subside.
Once all formats can do millisecond transactions I'm hoping we abandon traditional credit cards.

(((They))) won't let that happen quietly. Expect blood. Ride the wave.

 

[Piga Dgrifm]

lol

Imagine actually considering suicide over this.

 

[CrunkLord420]

Imagine actually considering suicide over this.

I bet BitMEX has at least a double digit body count at this point.

 

[Quijibo69]

Pretty much what I think of Bit Coins for the most part:

 

[Pikimon]

This shit is fascinating

Anyone has a good starting book on the finance market?
I want to know what a "beartrap" is

buy bitcoin and find out

 

[Slamerella]

Good to know I traded my whole 3 bitcoins the other day.

 

[Darwin Watterson]

 

[Null]

Imagine actually considering suicide over this.

Dude, ever hear of the 1929 Black Tuesday stock market crash?

 

[SwanDive]

Well, it had a good run

 

[Sanic]

So how much of the Earth's energy was consumed by this?

 

[RomanesEuntDomus]

So how much of the Earth's energy was consumed by this?

Not nearly enough yet.

 

[Schwachkopf]

Ooof, that explains why i'm getting less.

 

[Uncle Warren]

Better pick up that phone.

BECAUSE I FUCKING CALLED IT.

 

[Null]

Better pick up that phone.

BECAUSE I FUCKING CALLED IT.

literally everyone called it you tard. Of course it's going to dip after rising exponentially like that. What I can't stand is smug lowlives like Lowtax posting shit like this:

the insufferable mewlings of a man with two kids who can't provide for his family gloating in the losses of an industry he was too short sighted and ignorant to invest in. maybe if he didn't ban absolutely anyone who would have given him advice on SA he'd have done so.

 

[Uncle Warren]

literally everyone called it you tard.

I know that. Actually to be frank I was hoping for it, because well, I wanna do what I couldn't do years ago.

Please let btc go back down to like, 100 for the next month before rising.

 

[Null]

I know that. Actually to be frank I was hoping for it, because well, I wanna do what I couldn't do years ago.

Please let btc go back down to like, 100 for the next month before rising.

that's not happening. now's the time to get in. because next time it bubbles it's hitting 30k. 50k by this time next year.

 

[Uncle Warren]

that's not happening. now's the time to get in. because next time it bubbles it's hitting 30k. 50k by this time next year.

Fucking....I want to strangle you but you're probably right. But for now I'll see what happens. Maybe dump 100 into it.