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re: Bitcoin down more than 60% in the last month and a half

Posted on 2/5/18 at 4:07 pm to
Posted by Centinel
Idaho
Member since Sep 2016
44120 posts
Posted on 2/5/18 at 4:07 pm to
Hell it doesn't matter if they were 100% correct and every single user on Telegram was in on the "conspiracy."

That's simply nowhere near (by an order of magnitude or five) enough people to affect cryptocurrency prices.

This post was edited on 2/5/18 at 4:08 pm
Posted by spaghettioeauxs
Baton Rouge
Member since Jan 2017
2738 posts
Posted on 2/5/18 at 4:14 pm to
(no message)
Posted by el Gaucho
He/They
Member since Dec 2010
58421 posts
Posted on 2/5/18 at 4:16 pm to
Bitcoin has been suffering ever since trump made anime illegal
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 2/5/18 at 4:18 pm to
quote:

They can't see that governments will not allow currency


what if i told you that btc was created by the US Govt?

isnt it a coincidence that this stuff was created and released in Jan 2009 right as the financial crisis was going on?
Posted by Centinel
Idaho
Member since Sep 2016
44120 posts
Posted on 2/5/18 at 4:19 pm to
quote:

what if i told you that btc was created by the US Govt?



What if I told you the US Govt was created by the Rothschilds?

And that jet fuel can't melt steel beams?
Posted by Walking the Earth
Member since Feb 2013
17390 posts
Posted on 2/5/18 at 4:19 pm to
Tigerdroppings would lose their collective shite if it turned out that Barack Obama is that Satoshi Whoever guy.
Posted by Centinel
Idaho
Member since Sep 2016
44120 posts
Posted on 2/5/18 at 4:21 pm to
That would literally create a singularity of rage, starting on the poliboard
Posted by baseballmind1212
Missouri City
Member since Feb 2011
3378 posts
Posted on 2/5/18 at 4:22 pm to
quote:

I guess a 60% drop keeps those muted for a while.


Already pulled my initial investment off a month ago.

It's way easier to hodl when you are using the house's money
Posted by slackster
Houston
Member since Mar 2009
91271 posts
Posted on 2/5/18 at 4:22 pm to
Just finished that help board thread. Wow.

I can't decide what is funnier - OleWarSkule's absurd accusations or the people who think they're responsible for "making people money."

Posted by Centinel
Idaho
Member since Sep 2016
44120 posts
Posted on 2/5/18 at 4:22 pm to
quote:

It's way easier to hodl when you are using the house's money



Amen brother
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 2/5/18 at 4:23 pm to
NSA or CIA in my opinion.

Go look at the top BTC accounts in the world. The biggest is over 1 trillion USD. Thats a government agency owning that
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82025 posts
Posted on 2/5/18 at 4:27 pm to
Isn't there a Senate testimony tomorrow re: future plans for the crypto space/regulation?


ETA:

Here is an exert from posted testimony planned on being covered:

quote:

We are entering a new digital era in world financial markets. As we saw with the development of the Internet, we cannot put the technology genie back in the bottle. Virtual currencies mark a paradigm shift in how we think about payments, traditional financial processes, and engaging in economic activity. Ignoring these developments will not make them go away, nor is it a responsible regulatory response. The evolution of these assets, their volatility, and the interest they attract from a rising global millennial population demand serious examination. With the proper balance of sound policy, regulatory oversight and private sector innovation, new technologies will allow American markets to evolve in responsible ways and continue to grow our economy and increase prosperity.
This post was edited on 2/5/18 at 4:44 pm
Posted by slackster
Houston
Member since Mar 2009
91271 posts
Posted on 2/5/18 at 4:29 pm to
Well the FBI owned/owns like 150k BTC after the Silk Road deal.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82025 posts
Posted on 2/5/18 at 4:30 pm to
Sucks for them that the sold so cheap
Posted by slackster
Houston
Member since Mar 2009
91271 posts
Posted on 2/5/18 at 4:31 pm to
quote:

Sucks for them that the sold so cheap


Did they liquidate?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82025 posts
Posted on 2/5/18 at 4:35 pm to
LINK

They sold 144k of them for $48 million.

Thats worth over $1billion today even after the 60% crash
Posted by weagle99
Member since Nov 2011
35893 posts
Posted on 2/5/18 at 4:35 pm to
quote:

regulatory oversight a


That right is there is those scumbag government parasites trying to justify their existence.
Posted by AUCE05
Member since Dec 2009
44673 posts
Posted on 2/5/18 at 4:36 pm to
I have been buying. NEO is on sale baws.
Posted by slackster
Houston
Member since Mar 2009
91271 posts
Posted on 2/5/18 at 4:37 pm to
quote:

Go look at the top BTC accounts in the world. The biggest is over 1 trillion USD. Thats a government agency owning that


Pretty sure it's 1 billion, not 1 trillion.

The market cap of BTC is "only" like $125B.
Posted by crazycubes
Member since Jan 2016
5256 posts
Posted on 2/5/18 at 4:41 pm to
quote:

They sold 144k of them for $48 million.

Thats worth over $1billion today even after the 60% crash


quote:

The $48.2 million total proceeds means the government sold the bitcoins for an average of $334.


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