Earlier quoted context omitted.
2nd amendment my friend. Note to criminals: don't try this in Arizona.
Your friend shot them?
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Bitcoin and almost every other cryptocurrency crashed hard today
241–250 of 426 posts
Re: Bitcoin and almost every other cryptocurrency crashed hard today
#242Earlier quoted context omitted.
Your friend shot them?
Luckily for them it didn't have to go that far, but he did pull it and they immediately took off. He then got in his car and called the police to report what happened.
So he brandished a weapon when his life wasn't in danger? Isn't that illegal?
Re: Bitcoin and almost every other cryptocurrency crashed hard today
#243Re: Bitcoin and almost every other cryptocurrency crashed hard today
#244Earlier quoted context omitted.
This right there is exactly why long term it's doomed and cannot be a reliable store of value. You don't see banks and random geeks inventing new precious metals out of thin air. So you have gold, silver, platinum and palladium and that's about it as far as store of values are concerned.
Same is true about Facebook. Someone could clone the features and create facebook2.com, and everyone would flock to it. That's why Facebook stock is a Ponzi scheme. Anyone who thinks Facebook has a value above $0 is insane.
You could say that about any company that doesn't have crucial IP. It doesn't seem like you understand the value of a brand.
>Someone could clone the features and create facebook2.com, and everyone would flock to it.
This is flat out false. if it was actually that easy don't you think we would have seen it happen already? There are numerous social media platforms that have tried to dethrone Facebook and none of them have succeeded.
in addition, Facebook practically prints money through advertising, which very clearly has value (multiple billions of dollars a year).
I don't really use Facebook anymore and I don't work there but to think it's value is $0 is insane. I'm not sure how you can conflate a multi-billion dollar company with proven profit streams and the current hype in the current crypto market
Re: Bitcoin and almost every other cryptocurrency crashed hard today
#245Earlier quoted context omitted.
Why is blockchain a pipedream?
People keep thinking it’s going to revolutionize entire industries when really it’s a highly limited and inefficient database technology that no one who isn’t trying to make a buck would suggest using for data storage unless you have the very particular constraints of something like bitcoin. There’s lots of mature, versatile database options out there: Postgres, SQLite, BerkeleyDB, and countless other NoSQL and CQRS…
You are comparing apples to... potatoes? The whole point of blockchain is that it is immutable and intractable. It doesn't try to be a DB, except maybe in some abstract sense. Whether it will revolutionaze industries or not remains to be seen, but dismissing blockchain as an inefficient DB is simply misguided.
Re: Bitcoin and almost every other cryptocurrency crashed hard today
#246What we're seeing right now is a shakeout of all those unsophisticated individuals who have been purchasing crytocurrencies in growing numbers, mostly without understanding them, and in many cases with borrowed money and even by taking out home mortgages.[a] Those unsophisticated buyers are the ones who pushed the price of Bitcoin from ~$1000 at the beginning of the year to $18000+ a couple of weeks ago.[b] Now they'…
My theory is still Saudi Arabia. The government as well as individuals fearing further confiscation of their assets.
It could also be Goldman:
https://www.bloomberg.com/news/articles/2017-12-21/goldman-i...
Re: Bitcoin and almost every other cryptocurrency crashed hard today
#247Earlier quoted context omitted.
Luckily for them it didn't have to go that far, but he did pull it and they immediately took off. He then got in his car and called the police to report what happened.
So he brandished a weapon when his life wasn't in danger? Isn't that illegal?
His life was most definitely in danger.
Re: Bitcoin and almost every other cryptocurrency crashed hard today
#248Some call it 'crash', some see it as the long awaited dip to get in again.
Re: Bitcoin and almost every other cryptocurrency crashed hard today
#249As someone who owns and believes in cryptocurrency, I'm actually glad this happened. I was getting sick of all the get rich quick people who've been driving the price lately, even for the coins that shouldn't be pumping. It was almost as if the entire cryptocurrency space had turned into a huge unregulated casino. I was at a couple of Bitcoin meetups recently and was surprised to find that most attendees were proudly…
Turned into? I think it's always been a huge unregulated casino. (BTW, I've been in bitcoin since 2011.)
Re: Bitcoin and almost every other cryptocurrency crashed hard today
#250Still crashing. Down to 11k. ::grabs popcorn:: https://www.gdax.com/trade/BTC-USD
Interesting. The pattern from the 9:30-10:15 range (EST) is a classic Ross Hook 1-2-3 (low) setup [1]. [1] https://oxfordstrat.com/trading-strategies/ross-hook-1/
I'll bite, because I could use more insight. As far as I can tell, he references daily bars—to see the effect that you referenced, I had to reduce the bars to ~ 3 - 15 minutes.
Otherwise, the pattern looks quite the opposite to me. Am I missing something? If not, could something like that somewhat reasonably be applied to trading at that time scale? Seems like a good way to never get any sleep!