Economics Hyperthread - BIGHEADS ONLY

Discussion in 'News, Politics & World Events' started by Endymion, Nov 20, 2016.

  1. SimplyXY

    SimplyXY

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    What's the global value of Bitcoin and how much manipulation or damage coud a few mega investors do?
    I remember being told that 90%+ of ForEx transactions are speculation and that's got to be a way bigger market than nerdbucks.
     
  2. Chiron

    Chiron

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    I'm not kidding: I'm waiting for Soros to come in and fuck it up, like he did the British Pound, simply because it's used so much by right wingers.
     
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  3. Iron

    Iron

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    You found external indicators for BTC? Yeah, forex is fucked. At one time I liked just simple stock options. Some scary shit. Once trying to get out of a position (long time ago when you had to call a broker) and the guy said, "Ok. Oh, wait a minute. Can't get out at that price, price is dropping too fast." I was still kinda new and didn't think to sell twice as much as the position I had and win on the way down. Very expensive fucking lesson.
     
  4. steamed rice

    steamed rice

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    Getting uneasy about bitcoin making moves and trashing altcoins again. As always, do your own research.

     
  5. Michael

    Michael

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    Anyone waiting on BTC to go bearish in the new year? Historically that's the time of year when everyone is broke as fuck from Christmas+new year credit card debt.
     
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  6. CHAD

    CHAD

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    Fuck bitcoin unless it goes belly up big league soon
     
  7. Samson

    Samson

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    Notice: bitcoin is gambling; yes, you may win big, but you equally stand to lose it all, randomly; and responsible saving and investing are a slow, steady process. Don't pitch your life savings in.
     
  8. CHAD

    CHAD

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    We need a thread on future bitcoins, things that might give mass profit in time
     
  9. Michael

    Michael

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    Alright, fuck it, I'm in with 1.287 BTC in the hopes of trading it end of the month.
     
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  10. steamed rice

    steamed rice

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    stay safe everbody!
     
  11. Iron

    Iron

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    Damn. That's some serious cash. Good luck man.
     
  12. steamed rice

    steamed rice

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    btc cucking alts as expected, but its very possible bitcoin cash is going to cuck bitcoin quite soon, (the network is getting spammed again, crafty korean tricks are being set) this could be the catalyst for the BIG correction bitcoin's long overdue for. Or it could keep going up L O L

    The only thing that will fully correct bitcoin at this point is serious "BITCOIN'S DEAD BITCOIN'S GONNA BE REPLACED" kind of fear, because small dips immediately get bought up by greedy motherfuckers! Bitcoin Cash is of course the supposed Bitcoin killer, although I also hear rumors of Bitcoin Gold. (These are forks of the original Bitcoin) Look at the charts to see what happens when the market starts to believe the "Bitcoin Cash will cuck Bitcoin!" fear.

    I strongly doubt Bitcoin will actually be replaced by Bitcoin Cash ("dragonslayer") but the FUD could get very strong with a huge bitcoin dip and a huge bitcoin cash pump. Then bitcoin flies back up to new heights from there. This is way too insane to safely play it in my opinion, but it could happen. Do your own research and make your own plans, walk throug hscenarios so yo udon't get burnt trading on impulse and emotion when crazy shit starts to happen.

    This is potentially lining up with Bitcoin futures being available on the normie market, the fear has been that wall street will immediately start shorting, they of course have the media power to spread huge fear to make it happen. Possible there will be FUD all over Bloomberg, CNBC, etc about Bitcoin Cash replacing BTC.

    le big short kinda move - bitcoin cash.
    reasonable move - set a stop loss holy shit, why are you even still in here, smart people sold at 11k... and they've been getting left behind ever since!
     
  13. steamed rice

    steamed rice

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    Unless you're a genius or a Korean all you can really do is hold your bitcoin, ignore dips and FUD, and make smart alt trades whenever bitcoin is trading sideways. (don't fuck with alts while bitcoin's moving)

    Bitcoin WILL be at all time highs this year, no matter what anyone says. Don't sell it at a loss and don't make trades where you lose BTC value (even if you gain fiat value)
     
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  14. Servo

    Servo

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  15. steamed rice

    steamed rice

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  16. Aethelstan

    Aethelstan

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    I only use Mr. Lee's Hong Kong Bucks(kongbucks) for my inflation proof currency.
     
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  17. SimplyXY

    SimplyXY

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    [​IMG]
     
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  18. Michael

    Michael

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    This year, sure. What do you think will happen 2018?
     
  19. steamed rice

    steamed rice

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    I meant in 2018, I don't know what's gonna happen the rest of this year 2017 actually. To be honest there is a strong chance of a flash correction TODAY
     
  20. steamed rice

    steamed rice

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    ur own mind
     
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