Bitcoin?

Discussion in 'Whatever' started by ---NT---, Mar 28, 2013.

  1. noeleaser

    noeleaser Addicted

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    Bitcoin?
    So this woman at my job is trying to discredit the technology/security behind Bitcoin, she's completely out of her mind.
    This is also the same woman who is scared to order products off of Amazon.com. Pure genius. :roll:
     
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  2. hellointerloper

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    Bitcoin?
    My dad works as a currency trader at HSBC and they all joke and make fun of Crypto and Bitcoin all day.
    He told me he thinks they feel threatened. He's probably right. Cryptocurrency allows people to do what they do with their own money, instead of trading the bank's fiat to only profit the bank.
    Same reason why big bankers like JP Morgan and big organizations like Bloomberg keep putting down cryptocurrency. It has the potential to put earning power back in the hands of the people.

    On a side note, my dad hates his job so much, bahaha. He's so psyched about retiring. He's the oldest guy there and all these people keep getting fired for being sleazy or being entitled shitbags. Don't ever work for a bank.
     
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  3. noeleaser

    noeleaser Addicted

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    Bitcoin?
    Bitcoin is at $11.3K right now..
    BUY THE DIP!!
     
  4. noeleaser

    noeleaser Addicted

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    Bitcoin?
    Did I say $11.3K? I meant $10.4K.. lol
     
  5. hellointerloper

    hellointerloper Side Dealer

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    Bitcoin?
    This South Korea FUD is ridiculous... I lost 1/3rd of my portfolio's value.
    Just going to sit and wait for it to pass and recover like it did last time when China cracked down on cryptocurrency. The big traders will pack up and move to Japan and the market will live on.
     
  6. SaintOfSpinners

    SaintOfSpinners Line of Credit

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    Bitcoin?
    China is doing a new crackdown but I think it may be to both cut back on the drain on energy resources from miners and to boost their own coins like NEO. I don't believe anyone will really shut down their markets. Imagine telling 10% of your population that they no longer had access to their bank accounts. But we are all taking a temporary scare. HODL. And/or buy now when it is low again. I wish I could but no extra resources right now.
     
  7. JoeMan

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  8. hellointerloper

    hellointerloper Side Dealer

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    Bitcoin?
    This is fucking amazing. Kudos to whoever made that.
    (For those who aren't crypto-savvy, that BitConnect mention at the end is a jab at the now defunct exchange that shut down this week because of legal issues and customer dissatisfaction. Their coin plummeted to less than half of what it was formerly worth. Sucks for investors, but I stayed far away from it specifically because it was an ICO and they had ad marketing. It sounded shady to me from the start.)

    But in all honesty, cryptocurrency is a mix of gambling, stocks, and research. How you trade really depends on what you're willing to put your time into. I don't buy into anything on a large scale unless I know what the coin/token's purpose is, have studied their charts to see how it's behaved in the past or if the price seems to fluctuate with or against BTC or ETH, and lastly, am completely willing to lose my entire initial investment.

    I'm only griping because I thought I would be cashing out soon. Guess not anytime soon. I was going to reach 4x my initial investment and then cash out half, then make 4x of that amount then cash out half, etc... I still doubled my investment so it's really not all that bad.
     
  9. noeleaser

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    Bitcoin?
    Aaaaaaand we’re back up to $11.8K. That’s how you buy the dip..

    8)
     
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  10. CopASquatToys

    CopASquatToys Comment King

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    Bitcoin?
    Another drop today.
     
  11. hellointerloper

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    Bitcoin?
    Yeah... it's been pretty painful for cryptocurrency lately. My portfolio is back at the same value it was over a month ago. Still at double my investment so I'm trying to stay positive. Plus the previous China crackdown proved how well the market can recover.

    Apparently SK is proposing a ~24% tax on crypto. Yeesh. I hope that's not on top of income tax...
     
  12. noeleaser

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    Bitcoin?
    Holy fuck. Bitcoin is at $8700. Just picked up some more.. lol. Something tells me that within a month it's going to skyrocket again..
    /crossesfingers
     
  13. hellointerloper

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    Bitcoin?
    The market has absolutely taken a bad hit.
    In case anyone is really confused about what has happened lately:

    • A Japanese exchange was hacked, and something like $500M in NEM was stolen
    • Bitfinex, the exchange company that also is in charge of Tether, was raided on the claim that Tether is backed by the dollar - this was found to be false, as millions of Tether exist without the USD to back it, thus being called "unaccounted for"
    • India banned cryptocurrencies
    • SK and China continue their dance with regulations, with SK recently putting a tax on crypto
    • Plain and simple - lots of FUD
    It's a shitshow. I lost half my portfolio's value. Still up from my initial investment, but shit sucks.
     
  14. noeleaser

    noeleaser Addicted

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    Bitcoin?
    BTW, India didn’t ban crypto. India wants to stop the use of crypto for illegal activity: http://www.independent.co.uk/life-s...th-korea-regulation-us-uk-rules-a8191566.html

    I never thought there would be so much drama in the financial world.. lol. I’m HODLing so I’m good. I’ll just keep buying those dips. Hopefully I’ll be retiring 5-10 years earlier than planned..
     
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  15. hellointerloper

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    Bitcoin?
    Jeez, I swear, for every piece of real news out there, there's fake news. And I don't mean "FAKE NEWS" like our Cheeto-in-Chief screams about, I mean knee-jerk reactions or exaggerations like in this case.
    Thanks for sharing this, it's a relief to know crypto isn't going to be banned completely in India. Still, this recent stuff is pretty crazy. I'm glad to see things moving up today though!
     
  16. ---NT---

    ---NT--- Super Deformed

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    Bitcoin?
    The thing about so much crypto news, is by the time it's published it's already outdated.
     
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