Bitcoins - digital currency - Page 1195 - Business, Finances and Investing Forum

When these exchanges get hacked for $30m and say they will reimburse everyone -where is that coming from? They had insurance? They have liquidity of tens of millions to just throw $30m at the sky? They are making that much on exchange fees?

Do you realise the top exchanges are literally printing money with the fees involved? Bithump reported PROFTIS of >$200 million in the first quarter, FIRST QUARTER!

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06-24-2018 , 02:25 AM

#29852

BGnight

Carpal \'Tunnel

Join Date: Aug 2005 Posts: 9,998

Quote:

Originally Posted by SuperSwag

Going to pick up some BTC while it's down. Probably stay away from Alts at the moment. Glad I didn't "buy the dip" this time.

I would wait if you're not swing trading. BTC is going to bottom from anywhere between 5k and 1300. This bear market is has a ways to go.

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06-24-2018 , 02:48 AM

#29853

OmgGlutten!

Pooh-Bah

Join Date: Aug 2016 Posts: 5,273

Quote:

Originally Posted by ECTAE

Do you realise the top exchanges are literally printing money with the fees involved? Bithump reported PROFTIS of >$200 million in the first quarter, FIRST QUARTER!

lah

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06-24-2018 , 03:36 AM

#29854

chytry

Pooh-Bah

Join Date: Feb 2010 Posts: 4,334

Quote:

Originally Posted by eddymitchel

2 or 3 years of hyperhusng prepare you well for crypto volatility.

Volatility, yes, but the overall direction is obvious. The mass mania is gone and unlikely to return.
And good luck guessing where the manipulators are gonna take it.

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06-24-2018 , 11:41 AM

#29855

Didace

Carpal \'Tunnel

Join Date: Nov 2009 Posts: 19,879

Quote:

Originally Posted by BGnight

BTC is going to bottom from anywhere between 5k and 1300.

I would like to see the analysis on this.

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06-24-2018 , 12:11 PM

#29856

Trolly McTrollson

Carpal \'Tunnel

Join Date: Oct 2010 Posts: 36,772

Quote:

Originally Posted by ASAP17

what happens next/if the price breaks $6k meaningfully (seems to be the level everyone is watching on this topic)?

Guess we're about to find out.

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06-24-2018 , 04:20 PM

#29857

Onlydo2days

Carpal \'Tunnel

Join Date: Jun 2012 Posts: 19,301

https://www.youtube.com/watch?v=oWhzlaymNIk

The last 4-5 mins of this video there is an example given of how a decentralized system could disrupt uber or airbnb. One thing that he says that I don't really understand is why can't you just have a blockchain without the token and people just still use cash?

Why would a token/coin be necessary for the riders to pay the drivers in? They could just pay cash with an app, no?

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06-24-2018 , 08:32 PM

#29858

synth_floyd

Carpal \'Tunnel

Join Date: Sep 2005 Posts: 7,074

Because you can sell the coin to suckers and get rich quick.

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06-25-2018 , 12:51 AM

#29859

BGnight

Carpal \'Tunnel

Join Date: Aug 2005 Posts: 9,998

Quote:

Originally Posted by Didace

I would like to see the analysis on this.

There's plenty of very good analysis out there. And by the same people that called this bear market way before it happened (some of the biggest bears doing great T.A. right now are very bullish crypto in the next couple years).

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06-25-2018 , 01:45 AM

#29860

de captain

Pooh-Bah

Join Date: Mar 2008 Posts: 5,514

Solid analysis.

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06-25-2018 , 07:01 AM

#29861

Didace

Carpal \'Tunnel

Join Date: Nov 2009 Posts: 19,879

Quote:

Originally Posted by BGnight

There's plenty of very good analysis out there.

And the theme continues. A question gets asked, and the answer is always some form of "the info is out there, go look for it". I'm starting to think no one here, bears or bulls, has any idea what they are talking about.

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06-25-2018 , 08:13 AM

#29862

DoctorZangief

banned

Join Date: Aug 2014 Posts: 2,559

That's called projecting.

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06-25-2018 , 08:51 AM

#29863

Didace

Carpal \'Tunnel

Join Date: Nov 2009 Posts: 19,879

Quote:

Originally Posted by DoctorZangief

That's called projecting.

I'm not sure that's right. I am well aware I have no idea what the answers are here. In fact, I doubt I've given any answers ITT except in the most general sense.

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06-25-2018 , 09:18 AM

#29864

gadgetguru

grinder

Join Date: Nov 2012 Posts: 611

Bought some bitcoin, was a bit of a hassle and reminded me a lot of using neteller back in the day. No reason I think it will go down or up now other than long term the supply dwindling will eventually push the price up.

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06-25-2018 , 09:21 AM

#29865

CoolTimer

adept

Join Date: Feb 2013 Posts: 1,029

Next step is: read "The Bitcoin Standard" , and take it from there.

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06-25-2018 , 11:49 AM

#29866

ECTAE

journeyman

Join Date: Dec 2012 Posts: 366

Quote:

Originally Posted by CoolTimer

Next step is: read "The Bitcoin Standard" , and take it from there.

cliff notes? who the *** reads whole books these days, thats a thing of the past

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06-25-2018 , 11:58 AM

#29867

SuperSwag

Pooh-Bah

Join Date: May 2012 Posts: 5,765

Quote:

Originally Posted by gadgetguru

How is it a hassle? takes about 30 seconds on Coinbase. If you're looking for info on BTC the best place to look is Bitcointalk.org. Not going to post links you can do your own research but the best stuff I've found is there as opposed to say twitter.

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06-25-2018 , 12:10 PM

#29868

tgiggity

Pooh-Bah

Join Date: Oct 2016 Posts: 5,782

Someone/some bot has been buying and selling 0.001 btc multiple times every second on gdax for a few minutes now. it goes buy/sell/buy/sell the exact same amount over and over. No other transactions on the order book though

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06-25-2018 , 01:01 PM

#29869

applesauce123

adept

Join Date: Jun 2016 Posts: 851

Quote:

Originally Posted by ECTAE

cliff notes? who the *** reads whole books these days, thats a thing of the past

It says MOON! on each page is progressively larger font

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06-25-2018 , 01:48 PM

#29870

bahbahmickey

Carpal \'Tunnel

Join Date: Mar 2011 Posts: 15,268

Quote:

Originally Posted by gadgetguru

When will the supply of BTC dwindle? I thought the supply was going to increase for the next 150ish years (at a dwindling rate).

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06-25-2018 , 03:50 PM

#29871

BGnight

Carpal \'Tunnel

Join Date: Aug 2005 Posts: 9,998

Quote:

Originally Posted by Didace

I can give you names of the people I trust the most. Didn't know you were looking. Here's some great twitter follows:
@ToneVays
@PhilakoneCrypto
@CredibleCrypto
@CryptoDonAlt
@Super_Crypto
@SwenLink
@CryptoCred
@cryptowilson

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06-25-2018 , 04:03 PM

#29872

gadgetguru

grinder

Join Date: Nov 2012 Posts: 611

Quote:

Originally Posted by SuperSwag

It was a hassle because it flagged the fraud dept at my bank, I did ask it to be allowed through which showed accepted at that time so I thought it was finished. Then I got an email that it reversed, in the mean time my bank locked my card which I didn’t find out right away. I eventually had to do another method which ultimately worked.

So yes, it was a bit of a hassle