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#641
Jan 13 2018 12:25pm
Quote (tonerbond @ Jan 13 2018 11:57am)
Hehe le bubble meme
I guarantee the people living paycheck to paycheck aren’t going to trigger a panic sell when they cash out their .002 btc


My sister's boyfriend who put 15k in at the top who is getting real nervous right about now, multiplied by a million, might be enough to do it.

I also doubt you understand the panic mentality of institutional investors. You can see prices drop 15% in a day because a pharma company missed a profit estimate by 1%. When a currency built entirely on speculation takes a dip and automatic-sales start to trigger it can get real nasty real fast.
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#642
Jan 13 2018 12:28pm
Quote (Thor123422 @ Jan 13 2018 06:25pm)
My sister's boyfriend who put 15k in at the top who is getting real nervous right about now, multiplied by a million, might be enough to do it.

I also doubt you understand the panic mentality of institutional investors. You can see prices drop 15% in a day because a pharma company missed a profit estimate by 1%. When a currency built entirely on speculation takes a dip and automatic-sales start to trigger it can get real nasty real fast.


1.3k peak gave us a drop back to 200 or so. I expect BTC to at some point lose at least half of its value.
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#643
Jan 13 2018 12:30pm
Quote (balrog66 @ Jan 13 2018 12:28pm)
1.3k peak gave us a drop back to 200 or so. I expect BTC to at some point lose at least half of its value.


And when that happens I'll likely try to buy in at the dip with whatever Monero earnings I have by then. Hopefully when BTC takes another nosedive XRM will jump so I can do both transactions relatively close together.
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#644
Jan 13 2018 12:36pm
Quote (Thor123422 @ Jan 13 2018 10:25am)
My sister's boyfriend who put 15k in at the top who is getting real nervous right about now, multiplied by a million, might be enough to do it.

I also doubt you understand the panic mentality of institutional investors. You can see prices drop 15% in a day because a pharma company missed a profit estimate by 1%. When a currency built entirely on speculation takes a dip and automatic-sales start to trigger it can get real nasty real fast.



Your sisters bf is a moron for buying in around ATH and expecting profit from holding btc
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#645
Jan 13 2018 12:38pm
Quote (balrog66 @ Jan 13 2018 10:28am)
1.3k peak gave us a drop back to 200 or so. I expect BTC to at some point lose at least half of its value.



That crash was due to 1 whale dumping, not a million dildos with $100 invested pulling out
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#646
Jan 13 2018 12:43pm
Quote (tonerbond @ Jan 13 2018 12:36pm)
Your sisters bf is a moron for buying in around ATH and expecting profit from holding btc


This isn't something that refutes my claim.

Most investors are morons.
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#647
Jan 13 2018 12:44pm
Going to cross-post my post from the cryptocurrency Donor Forum thread here, because I'm kicking myself over this...

If you had put $100 each on December 1st, 2017 (a little over a month ago) into exchange tokens that include: BNB, KCS, COSS, Cobinhood, 0x, Dotcoin, and Hawala.Today it would be worth this in today's value:


BNB: $1,139.
KCS: $3,767.
COSS: $5,420.
Cobinhood: $752.
Ox: $1,231.
Dot: $690.
Hawala.Today: $12,452.

Grand total: $25,451.
Initial investment: $700.
Total profit: $24,751.

:rofl:
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#648
Jan 13 2018 12:53pm
Quote (tonerbond @ 13 Jan 2018 14:36)
Your sisters bf is a moron for buying in around ATH and expecting profit from holding btc

ignore little fella thor he is ignorant about everything besides petri dishes. little fella said it was a good idea to sell at the bottom of the flash crash on Dec 22 (when most stuff was already down 30-40% and already showing rebound signs) lmfao
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#649
Jan 13 2018 01:16pm
Quote (tonerbond @ Jan 13 2018 06:38pm)
That crash was due to 1 whale dumping, not a million dildos with $100 invested pulling out


Whales have sell orders setup.

They're not going to cash everything out, but if the right combination of arbitrary threshold (say 20k or 25k) and some bad news combines, you've got yourself a 50%+ dip right there.
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#650
Jan 13 2018 04:00pm
Quote (balrog66 @ Jan 13 2018 11:16am)
Whales have sell orders setup.

They're not going to cash everything out, but if the right combination of arbitrary threshold (say 20k or 25k) and some bad news combines, you've got yourself a 50%+ dip right there.




The market is too mainstream now to be killed by a panic sell triggered by a whale
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