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Shorting bitcoin above 9k seems cr until Mt.Gox is done selling
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Date: May 11th, 2018 5:18 PM Author: aromatic toaster 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) |
Date: May 11th, 2018 5:59 PM Author: Geriatric Multi-colored School Cafeteria 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. |
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Date: May 11th, 2018 7:09 PM Author: aromatic toaster 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 |
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Date: May 11th, 2018 7:38 PM Author: Geriatric Multi-colored School Cafeteria Ive heard murmurs. Maybe something planned to come out at consensus. (http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36033001) |
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Date: May 11th, 2018 8:48 PM Author: Bateful Faggot Firefighter How much longer till this shit is over with (http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36033487) |
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Date: May 11th, 2018 10:22 PM Author: laughsome impertinent elastic band 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) |
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Date: May 11th, 2018 11:34 PM Author: pale nofapping meetinghouse private investor Jfc at buying into the mt gox trustee fud (http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36034461) |
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Date: May 12th, 2018 1:22 AM Author: spectacular deranged codepig hominid (http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36034986) |
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Date: May 12th, 2018 1:36 AM Author: Sienna galvanic tanning salon 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) |
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Date: May 12th, 2018 12:03 PM Author: laughsome impertinent elastic band ? (http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36036228) |
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Date: May 12th, 2018 11:31 AM Author: aromatic toaster using the term “fud” is like saying “my iq is two digits” ime. same with “hodl.”
i’m a grown man |
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Date: May 13th, 2018 12:33 PM Author: Fuchsia gas station reading party ? Almost back to 9k..Still going to short? (http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36041424) |
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Date: May 13th, 2018 4:07 PM Author: aromatic toaster 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. |
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Date: May 13th, 2018 4:22 PM Author: Fuchsia gas station reading party 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) |
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Date: May 13th, 2018 4:30 PM Author: aromatic toaster 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) |
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Date: May 13th, 2018 6:58 PM Author: Fuchsia gas station reading party 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) |
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Date: May 13th, 2018 10:08 PM Author: laughsome impertinent elastic band 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) |
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Date: May 13th, 2018 10:26 PM Author: Well-lubricated filthpig 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. |
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Date: May 14th, 2018 9:34 AM Author: aromatic toaster 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 |
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Date: May 14th, 2018 12:05 PM Author: Well-lubricated filthpig 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. |
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Date: May 14th, 2018 12:39 PM Author: aromatic toaster 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) |
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Date: May 14th, 2018 12:52 PM Author: laughsome impertinent elastic band 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) |
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Date: May 14th, 2018 1:51 PM Author: aromatic toaster 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. |
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Date: May 14th, 2018 2:31 PM Author: laughsome impertinent elastic band 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) |
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Date: May 14th, 2018 3:12 PM Author: aromatic toaster 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 |
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Date: May 14th, 2018 3:23 PM Author: 180 coffee pot 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. |
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Date: May 17th, 2018 7:36 AM Author: comical indian lodge therapy 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) |
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Date: May 15th, 2018 11:13 PM Author: aromatic toaster 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) |
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Date: May 17th, 2018 5:08 PM Author: aromatic toaster (http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36071512) |
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Date: May 24th, 2018 8:34 AM Author: aromatic toaster Explain yourself (http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36117480) |
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Date: May 13th, 2018 4:23 PM Author: Avocado Mexican (http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36042460) |
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Date: May 13th, 2018 11:47 PM Author: laughsome impertinent elastic band 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) |
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Date: May 24th, 2018 9:27 AM Author: Sienna galvanic tanning salon Yup it's definitely always some big whaledump every time (http://www.autoadmit.com/thread.php?thread_id=3974571&forum_id=7#36117666) |