291–300 of 426 posts
Earlier quoted context omitted.
Well, what did he do?
2nd amendment my friend. Note to criminals: don't try this in Arizona.
Earlier quoted context omitted.
Your numbers are off by more than a factor of 1,000. As of a couple days ago, you could liquidate $30M (not $30K) on GDAX with a market sell order (which would be the worst possible way to sell) for more than 95% of last-quoted price.
What would be a better way to sell?
Earlier quoted context omitted.
Your numbers are off by more than a factor of 1,000. As of a couple days ago, you could liquidate $30M (not $30K) on GDAX with a market sell order (which would be the worst possible way to sell) for more than 95% of last-quoted price.
What would be a better way to sell?
As 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…
> It was almost as if the entire cryptocurrency space had turned into a huge unregulated casino. [/thread]. That's really what it is, but instead of casino, call it a stock market. With that one there's a lot of regulation in place - including new European legislation, MiFID II ( http://europa.eu/rapid/press-release_MEMO-14-305_en.htm ), which in part is aimed at protecting clueless investors from themselves. The cry…
Earlier quoted context omitted.
If the last traded price was 20k, then that's the price. If you have some btc and are looking to sell really quickly before it goes down, and I make a buy offer for 19k that you accept, then the last traded price is now 19k, and that's the new price. Nothing voodoo really, just a bunch of people making buy/sell decisions based on how they think the value will move.
I guess the voodoo i feel is the speed at which these happen, and the unseen offers for prices different (+/-) from what is the "current price"
Earlier quoted context omitted.
And a big piece of gold's value is that it's been a store of value for longer than recorded history. Hell, if the world went belly up, Mad Max style, there's a good chance that whatever gold you have would be worth even more.
Serious question: what value would gold have in a post-apocalyptic world? If I'm selling something, why should I take gold in exchange for it, instead of something useful, like ammunition or food or water?
Earlier quoted context omitted.
Serious question: what value would gold have in a post-apocalyptic world? If I'm selling something, why should I take gold in exchange for it, instead of something useful, like ammunition or food or water?
If I were convinced the apocalypse were going to happen in the next couple years, I would start storing up ramen noodles, Hersheys chocolate bars, and M&Ms. Cheap to purchase, easy to store, and likely to have astronomic value post-apocalypse.