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03-12-2020, 11:31 AM | #1936 |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
Casino cash: $1276136
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This is why I love bitcoin. People aren't accepting cash because it can be grossed up with yuncky shit. Now bitcoin can shine as a way to be stable.
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Posts: 54,677
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03-12-2020, 12:50 PM | #1937 |
MVP
Join Date: Oct 2011
Location: Chandler AZ
Casino cash: $1191004
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Yep. Margin calls are a bitch, and a bunch of investors got them this morning. They had to sell something to cover, and it looks like bitcoin, silver, and gold were the first things to go.
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Posts: 13,830
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03-12-2020, 01:11 PM | #1938 |
Veteran
Join Date: Dec 2006
Location: Indiana
Casino cash: $9472813
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Posts: 4,579
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03-12-2020, 05:11 PM | #1939 |
He's Mahomie!
Join Date: Aug 2001
Location: Jax, FL
Casino cash: $10023443
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I've got this thing figured out now. You keep 1 BTC for the long haul. The other one you buy in the $6k range and sell at $10k. Make $4k each round.
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Posts: 17,387
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03-12-2020, 05:15 PM | #1940 |
The End of All Your Dreams
Join Date: Apr 2006
Casino cash: $371241
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Probably could easily do that. I'm not confident enough when it will go up or down, but everyone who claims to be in the know said this was expected once the Corona virus hit...like every other investment right now.
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Posts: 49,343
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03-12-2020, 05:20 PM | #1941 |
He's Mahomie!
Join Date: Aug 2001
Location: Jax, FL
Casino cash: $10023443
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That's what is puzzling to me though. Bitcoin and gold should be safe Haven's. I think everyone went to cash waiting to buy back in. Could be since it dumped so fast.
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Posts: 17,387
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03-12-2020, 05:22 PM | #1942 |
The End of All Your Dreams
Join Date: Apr 2006
Casino cash: $371241
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Yeah, that was one theory. I can't really understand why someone would think, oh I need to sell all of my bitcoin as coronavirus hits but the proof is in the pudding. I think likely people on foreign exchanges who don't own their keys, getting worried it will get stuck in limbo. And it's going to halve in May. Hopefully we see improvement once that occurs..which is going to limit the amount of bitcoin that can ever be produced. It should help limit supply, which I would hope would increase price.
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Posts: 49,343
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03-12-2020, 05:45 PM | #1943 |
Veteran
Join Date: Dec 2006
Location: Indiana
Casino cash: $9472813
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An asset that exists purely for speculation and has no use cases or underlying value is the exact opposite of a safe haven.
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Posts: 4,579
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03-12-2020, 05:48 PM | #1944 |
In Search of a Life
Join Date: Mar 2006
Casino cash: $3589900
VARSITY
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Posts: 22,305
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03-12-2020, 05:57 PM | #1945 |
The End of All Your Dreams
Join Date: Apr 2006
Casino cash: $371241
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Gold isn't a whole lot different. It's only value is because it's pretty and people value it. It isn't highly valued because it has a practical purpose like say a cell phone, tools, home or vehicle. Sure, there are maybe a few practical purposes of gold but they are few and far between and don't have much to do with it's price.
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Posts: 49,343
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03-12-2020, 06:12 PM | #1946 |
He's Mahomie!
Join Date: Aug 2001
Location: Jax, FL
Casino cash: $10023443
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Buy buy buy!!!
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Posts: 17,387
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03-12-2020, 06:52 PM | #1947 |
SuperBowl or bust
Join Date: Dec 2008
Location: BF Iowa
Casino cash: $-95912
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I might have to throw 10k back into crypto in the next day or so.
Bitcoin around 4500 Ether down to about 100 |
Posts: 47,567
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04-20-2020, 01:22 PM | #1948 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-128100
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I’ve been hedging with Bitcoin.
Isn’t this supposed to be $100k by now?!?!! |
Posts: 46,161
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04-20-2020, 01:56 PM | #1949 | |
"You like to drink?"
Join Date: Jun 2006
Location: "I like to drink."
Casino cash: $1186869
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Quote:
To nobody's surprise.
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04-20-2020, 02:12 PM | #1950 |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
Casino cash: $1276136
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TMNT action figures will be the currency of the future
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Posts: 54,677
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