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-   -   Money Bitcoin Take? (https://chiefsplanet.com/BB/showthread.php?t=270065)

BossChief 01-17-2018 08:55 AM

Quote:

Originally Posted by BWillie (Post 13366118)
BTC futures market expires Jan 17 hence the market sell off. Theres a massive short position by banks and institutions and they will be in the money. Their market manipulation worked. JPM bought tons of BTC last yr just to leverage it on exchanges & short bitcoin.

So their next move would be to rebuy low and push it back up

Eleazar 01-17-2018 09:04 AM

It's amazing how you read about the Bitcoin market from Bitcoin enthusiasts and even as the currency is roller coastering up and down, crashing by 100% in a matter of days, no one is losing. Everyone is making money. From the big banks to the cheeto-fingered laptop jockeys, everyone is making a killing and the money is coming from no one.

Shag 01-17-2018 09:47 AM

Quote:

Originally Posted by Eleazar (Post 13366406)
It's amazing how you read about the Bitcoin market from Bitcoin enthusiasts and even as the currency is roller coastering up and down, crashing by 100% in a matter of days, no one is losing. Everyone is making money. From the big banks to the cheeto-fingered laptop jockeys, everyone is making a killing and the money is coming from no one.

I'm not sure what you're calling a 100% crash, but the crypto market is up ~2400% from one year ago, as of today. And that's including losing almost 50% of the overall marketcap over the past 10 days. So, yeah, it's incredibly volatile, as any reasonable investor will tell you, but a lot of people are still way up on their portfolio overall, with the insane growth over the past year.

Jewish Rabbi 01-17-2018 10:56 AM

Quote:

Originally Posted by Eleazar (Post 13366406)
It's amazing how you read about the Bitcoin market from Bitcoin enthusiasts and even as the currency is roller coastering up and down, crashing by 100% in a matter of days, no one is losing. Everyone is making money. From the big banks to the cheeto-fingered laptop jockeys, everyone is making a killing and the money is coming from no one.

100% crash would be down to 0, so no, that hasn’t happened.

It’s like that one friend that everyone has who “always” wins at the casino, or pull tabs, or the stock market, etc. They’re happy to talk about their gains, they just never mention their losses so it seems that they’re always killing it.

BWillie 01-17-2018 11:38 AM

Still have 0 Ripple. And feel pretty good about it.

FD 01-17-2018 12:15 PM

Quote:

Originally Posted by Eleazar (Post 13366406)
It's amazing how you read about the Bitcoin market from Bitcoin enthusiasts and even as the currency is roller coastering up and down, crashing by 100% in a matter of days, no one is losing. Everyone is making money. From the big banks to the cheeto-fingered laptop jockeys, everyone is making a killing and the money is coming from no one.

Nobody ever talks about their gambling losses either.

eDave 01-17-2018 12:35 PM

https://i.imgur.com/02Bxkye.gif

Demonpenz 01-17-2018 01:55 PM

I got killed on litecoin and ripple. I am stupid and a coward.

ChiefRocka 01-17-2018 02:24 PM

Quote:

Originally Posted by Demonpenz (Post 13366978)
I got killed on litecoin and ripple. I am stupid and a coward.


But there’s this guy that has a crypto podcast?

wutamess 01-17-2018 02:30 PM

I'm down 30% since the new year after almost doubling my money in a week. In my mind I was going to hold a year and see. Don't see myself changing that. It sucks to lose the money but when I sit back and think about it. I wasn't going to do shit with it anyways anytime soon if ever.

MahiMike 01-17-2018 02:45 PM

Look at it long term. Instead of being up 300%, we're up 30%...

Hog's Gone Fishin 01-17-2018 04:00 PM

Quote:

Originally Posted by Demonpenz (Post 13366978)
I got killed on litecoin and ripple. I am stupid and a coward.

This game isn't for emotional traders. Gotta look at it like gamblin money and just let it ride.

Dave Lane 01-17-2018 04:09 PM

Quote:

Originally Posted by Hog's Gone Fishin (Post 13367187)
This game isn't for emotional traders. Gotta look at it like gamblin money and just let it ride.

Said tulip and beanie babie speculators (look it up)

eDave 01-17-2018 04:30 PM

Instead of Ming crypto coins, you can mine prime numbers for profit. The last one just paid $3,000.

Anyone can start searching for large Mersenne primes by downloading a free program. If you strike it lucky, not only is the discovery attributed to you, there’s also a cash prize. Proving that M77232917 is prime took Pace’s computer six days of non-stop computation. Four other computers then verified the result.

https://www.newscientist.com/article...illion-digits/

Shag 01-17-2018 06:04 PM

Quote:

Originally Posted by Dave Lane (Post 13367208)
Said tulip and beanie babie speculators (look it up)

Definitely the same thing.


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