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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...
Wine heady keepsake machete
  05/11/18
Yea, space done until that's resolved. Im holding out hope f...
fuchsia titillating heaven pozpig
  05/11/18
interesting. is there real speculation about that sort of ot...
Wine heady keepsake machete
  05/11/18
Ive heard murmurs. Maybe something planned to come out at co...
fuchsia titillating heaven pozpig
  05/11/18
How much longer till this shit is over with
floppy bawdyhouse
  05/11/18
They are saying Proof-of-Stake will be online for ETH in a f...
clear vigorous house queen of the night
  05/11/18
Jfc at buying into the mt gox trustee fud
pea-brained cerise abode son of senegal
  05/11/18
...
Sticky know-it-all tattoo trust fund
  05/12/18
it's actually false-flag fud for people to rationalize any d...
magical stage cumskin
  05/12/18
?
clear vigorous house queen of the night
  05/12/18
using the term “fud” is like saying “my iq is two digits” im...
Wine heady keepsake machete
  05/12/18
? Almost back to 9k..Still going to short?
thriller crystalline brethren nursing home
  05/13/18
Yes. look at how much more bitcoin the mt gox trustee has. a...
Wine heady keepsake machete
  05/13/18
Seems like "Mt. Gox guy" is code for "ok, tim...
thriller crystalline brethren nursing home
  05/13/18
whenever people make strangely optimistic predictions withou...
Wine heady keepsake machete
  05/13/18
Asians are buying and people are thinking positive about the...
thriller crystalline brethren nursing home
  05/13/18
bitcoin is still used for anonymous international transactio...
clear vigorous house queen of the night
  05/13/18
I don't invest in bitcoin for this reason. I'm kicking mysel...
spectacular naked parlour
  05/13/18
Yeah thats the most persuasive one ive read. That coupled wi...
Wine heady keepsake machete
  05/14/18
Right. I have never bought gold either. I have to admit that...
spectacular naked parlour
  05/14/18
lol of course. that’s no thesis at all. people itt are repea...
Wine heady keepsake machete
  05/14/18
It seems like you are the one who is actually trolling? Anyb...
clear vigorous house queen of the night
  05/14/18
i’m tempted to dig into your familiarity with “finance opera...
Wine heady keepsake machete
  05/14/18
Not sure how this is a response to what I said but I guess I...
clear vigorous house queen of the night
  05/14/18
i essentially said crypto is a retarded joke. you respond...
Wine heady keepsake machete
  05/14/18
People who invest based on the digital gold thesis aren't ne...
electric psychic
  05/14/18
Because bitcoin is the standard cryptoeconomic unit of accou...
abusive karate
  05/17/18
Remind me again how bitcoin has “nowhere to go but up” pls?
Wine heady keepsake machete
  05/15/18
...
Wine heady keepsake machete
  05/17/18
Explain yourself
Wine heady keepsake machete
  05/24/18
...
crusty market newt
  05/13/18
EOS also has a huge stockpile of ETH from moron ICO contribu...
clear vigorous house queen of the night
  05/13/18
Yup it's definitely always some big whaledump every time
magical stage cumskin
  05/24/18


Poast new message in this thread



Reply Favorite

Date: May 11th, 2018 5:18 PM
Author: Wine heady keepsake machete

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: fuchsia titillating heaven pozpig

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: Wine heady keepsake machete

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: fuchsia titillating heaven pozpig

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: floppy bawdyhouse

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: clear vigorous house queen of the night

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: pea-brained cerise abode son of senegal

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: Sticky know-it-all tattoo trust fund



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



Reply Favorite

Date: May 12th, 2018 1:36 AM
Author: magical stage cumskin

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: clear vigorous house queen of the night

?

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



Reply Favorite

Date: May 12th, 2018 11:31 AM
Author: Wine heady keepsake machete

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: thriller crystalline brethren nursing home

? 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: Wine heady keepsake machete

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: thriller crystalline brethren nursing home

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: Wine heady keepsake machete

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: thriller crystalline brethren nursing home

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: clear vigorous house queen of the night

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: spectacular naked parlour

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: Wine heady keepsake machete

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: spectacular naked parlour

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: Wine heady keepsake machete

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: clear vigorous house queen of the night

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: Wine heady keepsake machete

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: clear vigorous house queen of the night

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: Wine heady keepsake machete

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: electric psychic

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)



Reply Favorite

Date: May 17th, 2018 7:36 AM
Author: abusive karate

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: Wine heady keepsake machete

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: Wine heady keepsake machete



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



Reply Favorite

Date: May 24th, 2018 8:34 AM
Author: Wine heady keepsake machete

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: crusty market newt



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



Reply Favorite

Date: May 13th, 2018 11:47 PM
Author: clear vigorous house queen of the night

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: magical stage cumskin

Yup it's definitely always some big whaledump every time

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