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Shorting bitcoin above 9k seems cr until Mt.Gox is done selling

It seems pretty silly to be long crypto so long as the Mt. G...
Bonkers halford
  05/11/18
Yea, space done until that's resolved. Im holding out hope f...
Amethyst Orchestra Pit
  05/11/18
interesting. is there real speculation about that sort of ot...
Bonkers halford
  05/11/18
Ive heard murmurs. Maybe something planned to come out at co...
Amethyst Orchestra Pit
  05/11/18
How much longer till this shit is over with
pink electric ladyboy
  05/11/18
They are saying Proof-of-Stake will be online for ETH in a f...
vibrant alcoholic son of senegal university
  05/11/18
Jfc at buying into the mt gox trustee fud
Ocher hall headpube
  05/11/18
...
charismatic chad
  05/12/18
it's actually false-flag fud for people to rationalize any d...
Racy Sweet Tailpipe Circlehead
  05/12/18
?
vibrant alcoholic son of senegal university
  05/12/18
using the term “fud” is like saying “my iq is two digits” im...
Bonkers halford
  05/12/18
? Almost back to 9k..Still going to short?
mint senate messiness
  05/13/18
Yes. look at how much more bitcoin the mt gox trustee has. a...
Bonkers halford
  05/13/18
Seems like "Mt. Gox guy" is code for "ok, tim...
mint senate messiness
  05/13/18
whenever people make strangely optimistic predictions withou...
Bonkers halford
  05/13/18
Asians are buying and people are thinking positive about the...
mint senate messiness
  05/13/18
bitcoin is still used for anonymous international transactio...
vibrant alcoholic son of senegal university
  05/13/18
I don't invest in bitcoin for this reason. I'm kicking mysel...
sickened frum kitchen
  05/13/18
Yeah thats the most persuasive one ive read. That coupled wi...
Bonkers halford
  05/14/18
Right. I have never bought gold either. I have to admit that...
sickened frum kitchen
  05/14/18
lol of course. that’s no thesis at all. people itt are repea...
Bonkers halford
  05/14/18
It seems like you are the one who is actually trolling? Anyb...
vibrant alcoholic son of senegal university
  05/14/18
i’m tempted to dig into your familiarity with “finance opera...
Bonkers halford
  05/14/18
Not sure how this is a response to what I said but I guess I...
vibrant alcoholic son of senegal university
  05/14/18
i essentially said crypto is a retarded joke. you respond...
Bonkers halford
  05/14/18
People who invest based on the digital gold thesis aren't ne...
razzmatazz mediation mother
  05/14/18
Because bitcoin is the standard cryptoeconomic unit of accou...
Thriller Gay Wizard
  05/17/18
Remind me again how bitcoin has “nowhere to go but up” pls?
Bonkers halford
  05/15/18
...
Bonkers halford
  05/17/18
Explain yourself
Bonkers halford
  05/24/18
...
milky stage
  05/13/18
EOS also has a huge stockpile of ETH from moron ICO contribu...
vibrant alcoholic son of senegal university
  05/13/18
Yup it's definitely always some big whaledump every time
Racy Sweet Tailpipe Circlehead
  05/24/18


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Reply Favorite

Date: May 11th, 2018 5:18 PM
Author: Bonkers halford

It seems pretty silly to be long crypto so long as the Mt. Gox sword is hanging over the whole space. Yet people still pile in after each liquidation

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36032024)



Reply Favorite

Date: May 11th, 2018 5:59 PM
Author: Amethyst Orchestra Pit

Yea, space done until that's resolved. Im holding out hope for a miracle with the alts Im in or that some agreement is reached where big exchanges or institutions agree to buy all of them from him for about a billion.

Otherwise I think major crash is likely. Apparently he plans to sell all 130K left in the next few months.

Edit: We're probably not going back above 9K until this shits over with.

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36032310)



Reply Favorite

Date: May 11th, 2018 7:09 PM
Author: Bonkers halford

interesting. is there real speculation about that sort of otc sale? this could be a MASSIVE catalyst so it might make a ton of sense from the exchanges’ perspectives

i’m thinking of opening a big short position but this sort of development could really fuck me

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36032826)



Reply Favorite

Date: May 11th, 2018 7:38 PM
Author: Amethyst Orchestra Pit

Ive heard murmurs. Maybe something planned to come out at consensus.

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36033001)



Reply Favorite

Date: May 11th, 2018 8:48 PM
Author: pink electric ladyboy

How much longer till this shit is over with

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36033487)



Reply Favorite

Date: May 11th, 2018 10:22 PM
Author: vibrant alcoholic son of senegal university

They are saying Proof-of-Stake will be online for ETH in a few months, so maybe the timing will line up and we will hit 2k then. The Mt. Gox whale (see moniker) is in control of the market until further notice.

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36034082)



Reply Favorite

Date: May 11th, 2018 11:34 PM
Author: Ocher hall headpube

Jfc at buying into the mt gox trustee fud

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36034461)



Reply Favorite

Date: May 12th, 2018 1:22 AM
Author: charismatic chad



(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36034986)



Reply Favorite

Date: May 12th, 2018 1:36 AM
Author: Racy Sweet Tailpipe Circlehead

it's actually false-flag fud for people to rationalize any drop as "fuckin whales man".

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36035032)



Reply Favorite

Date: May 12th, 2018 12:03 PM
Author: vibrant alcoholic son of senegal university

?

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36036228)



Reply Favorite

Date: May 12th, 2018 11:31 AM
Author: Bonkers halford

using the term “fud” is like saying “my iq is two digits” ime. same with “hodl.”

i’m a grown man

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36036123)



Reply Favorite

Date: May 13th, 2018 12:33 PM
Author: mint senate messiness

? Almost back to 9k..Still going to short?

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36041424)



Reply Favorite

Date: May 13th, 2018 4:07 PM
Author: Bonkers halford

Yes. look at how much more bitcoin the mt gox trustee has. again, the idea that people continue to pile back into bitcoin like lemmings seems astonishing as fuck.

edit: it’s still 5% away from 9k btw.

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36042368)



Reply Favorite

Date: May 13th, 2018 4:22 PM
Author: mint senate messiness

Seems like "Mt. Gox guy" is code for "ok, time for a healthy pullback before we commence mooning" ...We already bottomed at 6K twice. No where else to go but up

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36042453)



Reply Favorite

Date: May 13th, 2018 4:30 PM
Author: Bonkers halford

whenever people make strangely optimistic predictions without anything resembling an investment thesis, all i hear is “i’m dumb and/or insane don’t listen to me.”

remember: bitcoin doesn’t pay dividends, doesn’t pay interest and still lacks a generally accepted use case. why is it obvious that it’s going up? (this is rhetorical, don’t bother answering)

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36042505)



Reply Favorite

Date: May 13th, 2018 6:58 PM
Author: mint senate messiness

Asians are buying and people are thinking positive about the future..not sure what more of an investment thesis is needed

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36043144)



Reply Favorite

Date: May 13th, 2018 10:08 PM
Author: vibrant alcoholic son of senegal university

bitcoin is still used for anonymous international transactions online, but it's considered by most to be in the "dog" phase of its life cycle. Consensus among commentators is that ethereum will have a higher market cap by the end of the year

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36044158)



Reply Favorite

Date: May 13th, 2018 10:26 PM
Author: sickened frum kitchen

I don't invest in bitcoin for this reason. I'm kicking myself, but it has always seemed retarded and loved by retards.

To be fair to those that do, their "thesis" at this point is that it is digital gold. Real gold has like a $6T market cap, so if Bitcoin replaces that, it should be worth $1M per coin or something.

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36044338)



Reply Favorite

Date: May 14th, 2018 9:34 AM
Author: Bonkers halford

Yeah thats the most persuasive one ive read. That coupled with pie in the sky moonshot theory that bitcoin eventually captures the value created by every other platform as the sole generally accepted store of value.

Thing is i think buying gold is dumb to begin with. Putting that aside bitcoin still needs to resolve issues relating to custody and scaling before it can seriously appeciate much more imo

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36046225)



Reply Favorite

Date: May 14th, 2018 12:05 PM
Author: sickened frum kitchen

Right. I have never bought gold either. I have to admit that it is really easy to move money around with crypto, but ETH is better for that than Bitcoin already.

I am just not comfortable with an investment thesis solely being "I think it's worth more because people will someday pay more for it." But different strokes. I might lose bigly on that one.

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36047195)



Reply Favorite

Date: May 14th, 2018 12:39 PM
Author: Bonkers halford

lol of course. that’s no thesis at all. people itt are repeating what warren buffet says to insult crypto people and i can’t tell if i’m being trolled or not

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36047478)



Reply Favorite

Date: May 14th, 2018 12:52 PM
Author: vibrant alcoholic son of senegal university

It seems like you are the one who is actually trolling? Anybody with a familiarity with finance operations knows there are millions of wire transactions of various amounts settling every single day. If it can be possible to automate those transactions, eliminate the risk of error, eliminate the risk of breach, eliminate wiring fees and any international transfer costs, etc. then that is going to be a sought-after mechanism eventually enjoying widespread adoption

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36047564)



Reply Favorite

Date: May 14th, 2018 1:51 PM
Author: Bonkers halford

i’m tempted to dig into your familiarity with “finance operations” but that’s besides the point.

i’m picturing you make this case to a hedge fund investment committee and it seems hilarious as fuck. there are ~1,927,292,000,000,000 issues you need to address to bridge the gap between “high level potential use case for blockchain” and “you should buy XXXX coin at $XX.XX price.”

based on your commentary itt i’m not really interested in reading you try to get me there either.

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36047946)



Reply Favorite

Date: May 14th, 2018 2:31 PM
Author: vibrant alcoholic son of senegal university

Not sure how this is a response to what I said but I guess I'm done here

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36048311)



Reply Favorite

Date: May 14th, 2018 3:12 PM
Author: Bonkers halford

i essentially said crypto is a retarded joke.

you responded by talking about a very specific potential use case for blockchain

i responded by saying a general use case isn’t the same thing as a concrete investment thesis for the native asset of any particular public blockchain protocol

you responded by saying you’re in over your head and this was a giant waste of my time

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36048670)



Reply Favorite

Date: May 14th, 2018 3:23 PM
Author: razzmatazz mediation mother

People who invest based on the digital gold thesis aren't necessarily betting that BTC is likely to become digital gold -- just that it has a plausible chance of doing so.

If real gold has a $10T market cap and you think BTC has just a 10% chance of capturing half of that, that implies a "fair" market cap of $500B ($10T x 0.5 x 0.1), which is over 3x the current BTC market cap.

Because of the enormous potential upside, you can think that BTC is more likely than not going to zero, yet still rationally be long BTC.

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36048752)



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Date: May 17th, 2018 7:36 AM
Author: Thriller Gay Wizard

Because bitcoin is the standard cryptoeconomic unit of account, the market would have to fundamentally change for bitcoin to face any sort of existential threat. Of course, that also assumes bitcoin can't be exploited (e.g., by a 51% attack, a vulnerability in SHA256, etc.)

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36067451)



Reply Favorite

Date: May 15th, 2018 11:13 PM
Author: Bonkers halford

Remind me again how bitcoin has “nowhere to go but up” pls?

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36059232)



Reply Favorite

Date: May 17th, 2018 5:08 PM
Author: Bonkers halford



(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36071512)



Reply Favorite

Date: May 24th, 2018 8:34 AM
Author: Bonkers halford

Explain yourself

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36117480)



Reply Favorite

Date: May 13th, 2018 4:23 PM
Author: milky stage



(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36042460)



Reply Favorite

Date: May 13th, 2018 11:47 PM
Author: vibrant alcoholic son of senegal university

EOS also has a huge stockpile of ETH from moron ICO contributors. Good chance their liquifying dumps (in tandem with Mt. Gooks) put the golden goose into a coma for some time

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36044833)



Reply Favorite

Date: May 24th, 2018 9:27 AM
Author: Racy Sweet Tailpipe Circlehead

Yup it's definitely always some big whaledump every time

(http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36117666)