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> 1BTC = USD19.3k ..4K USD in a night!, New level of BTC

differ
post Dec 8 2017, 03:13 AM

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QUOTE(SmallPenguin @ Dec 8 2017, 12:45 AM)
lol?

A sell a virtual coin to B
B pays cash
A leaves and yolo
*crash*
B have coin with no value and lost cash
so someone still gonna lose money
its just the money goes to from A to B or B to C
no value is created in between

the last person, C, who pays the premium to A and B gonna 14th floor
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Except in BTC case it is probably A sell to B, B sell back to A, repeat... each time sell at a higher price.

C sees the price go up and wants in on the action.

A and/or B decide to cash out to C.

C holding BTC worth 25k each, except that nobody wants to pay that price any more.
tictac88
post Dec 8 2017, 03:18 AM

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QUOTE(FatalitY @ Dec 8 2017, 12:34 AM)
who will lose? It's a virtual currency...banks won't lose shit cuz they are not offering trade/ liquidating it officially.
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whoever hold the position when the crash comes lose.
tictac88
post Dec 8 2017, 03:19 AM

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QUOTE(FatalitY @ Dec 8 2017, 12:50 AM)
End user will suffer. Rich ppl, unless they bodoh go buy and invest all in btc...then congrats. Traders will still laugh, they're the 'A' kind. But there's like millions of bitcoin, not even half was mined, so it will take a long time for it to crash to oblivion.
*
before oblivion those who get caught already need to 14 floor lol
tictac88
post Dec 8 2017, 03:21 AM

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QUOTE(differ @ Dec 8 2017, 03:08 AM)
Biggest bubble in known human history.
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yup. definitely going to be recorded in history book for eternity now.

soon new tv series The Ultimate Greed of Men incoming.

differ
post Dec 8 2017, 03:23 AM

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QUOTE(FatalitY @ Dec 8 2017, 12:50 AM)
End user will suffer. Rich ppl, unless they bodoh go buy and invest all in btc...then congrats. Traders will still laugh, they're the 'A' kind. But there's like millions of bitcoin, not even half was mined, so it will take a long time for it to crash to oblivion.
*
Someone mentioned in one tered that 76% mined already wor
nakal_mode
post Dec 8 2017, 03:45 AM

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QUOTE(differ @ Dec 8 2017, 03:13 AM)
Except in BTC case it is probably A's left pocket sell to A's right pocket, A's right pocket sell back to A's left pocket, repeat... each time sell at a higher price.

B and C sees the price go up and wants in on the action.

A and/or B decide to cash out to C.

B and C holding BTC worth 25k each, except that nobody wants to pay that price any more.
*
Fixed that for you.
KLboy92
post Dec 8 2017, 03:48 AM

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QUOTE(differ @ Dec 8 2017, 03:23 AM)
Someone mentioned in one tered that 76% mined already wor
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which tells you how far you should trust "experts" like that on /k rolleyes.gif
interferens
post Dec 8 2017, 06:23 AM

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With unregulated investment, we don't know who's doing what. Maybe same people or groups selling to each other to manipulating the price..
Revamperz
post Dec 8 2017, 06:29 AM

im freaking IN! ™
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“When everyone’s supers, no one will be” - Syncro
RGRaj
post Dec 8 2017, 06:57 AM

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QUOTE(interferens @ Dec 8 2017, 06:23 AM)
With unregulated investment, we don't know who's doing what. Maybe same people or groups selling to each other to manipulating the price..
*
It's like a Ponzi scheme, but with nobody in charge.
Timemuffin
post Dec 8 2017, 07:01 AM

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QUOTE(RGRaj @ Dec 8 2017, 06:57 AM)
It's like a Ponzi scheme, but everybody wants to get in before it crumbles.
*
noRightClick
post Dec 8 2017, 07:07 AM

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aaaaandd..i just checked myr against usd..HOLY WHAT THE ACTUAL f**k!!!
i thought i was dreaming!! shocking.gif shocking.gif shocking.gif
Attached Image

This post has been edited by noRightClick: Dec 8 2017, 07:07 AM
Nauts
post Dec 8 2017, 07:10 AM

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Bitcoin tops record $19,000, then plunges in wild 2-day ride
Bitcoin rocketed above $19,000 for the first time on Thursday before falling sharply from its record high.
The digital currency hit a high of $19,340 before falling more than 20 percent from that level to $15,198.63.
The overall pace of gains have accelerated in the last several weeks ahead of the launch of bitcoin futures by major exchanges.

Evelyn Cheng | Fred Imbert
Published 2:32 PM ET Wed, 6 Dec 2017 Updated 1 Hour Ago

CNBC
ciwi1166
post Dec 8 2017, 07:10 AM

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QUOTE(noRightClick @ Dec 8 2017, 07:07 AM)
aaaaandd..i just checked myr against usd..HOLY WHAT THE ACTUAL f**k!!!
i thought i was dreaming!! shocking.gif  shocking.gif  shocking.gif
Attached Image
*
why suddenly like that? sweat.gif
ah_suknat
post Dec 8 2017, 07:14 AM

whoooooooooooooop
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Lmao....like kids playing sims...suka suka up suka suka down

Not even a valid reason why it gone up high
ZenXL
post Dec 8 2017, 07:16 AM

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QUOTE(noRightClick @ Dec 8 2017, 07:07 AM)
aaaaandd..i just checked myr against usd..HOLY WHAT THE ACTUAL f**k!!!
i thought i was dreaming!! shocking.gif  shocking.gif  shocking.gif
Attached Image
*

1.45 hike..
:3mushy:3
post Dec 8 2017, 07:19 AM

<--~(--+<[o]>+--)~-->
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QUOTE(ZenXL @ Dec 8 2017, 07:16 AM)
1.45 hike..
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Google f*cked up.

Current conversion is 4.07. You can see the chart in the image itself, never passed 5.0
Timemuffin
post Dec 8 2017, 07:19 AM

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QUOTE(noRightClick @ Dec 8 2017, 07:07 AM)
aaaaandd..i just checked myr against usd..HOLY WHAT THE ACTUAL f**k!!!
i thought i was dreaming!! shocking.gif  shocking.gif  shocking.gif
Attached Image
*
is...is this for real....
salacious fictitious
post Dec 8 2017, 07:23 AM

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QUOTE(noRightClick @ Dec 8 2017, 07:07 AM)
aaaaandd..i just checked myr against usd..HOLY WHAT THE ACTUAL f**k!!!
i thought i was dreaming!! shocking.gif  shocking.gif  shocking.gif
Attached Image
*
QUOTE(ciwi1166 @ Dec 8 2017, 07:10 AM)
why suddenly like that?  sweat.gif
*
QUOTE(ZenXL @ Dec 8 2017, 07:16 AM)
1.45 hike..
*
QUOTE(Timemuffin @ Dec 8 2017, 07:19 AM)
is...is this for real....
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google f**k up
i checked xe, it's 4.07 per usd
interferens
post Dec 8 2017, 07:24 AM

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QUOTE(ah_suknat @ Dec 8 2017, 07:14 AM)
Lmao....like kids playing sims...suka suka up suka suka down

Not even a valid reason why it gone up high
*
someone got cheat code

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