Bitcoin mania!!

[MarketWatcherParticipant]

I know, I know. The f~~~ing coin topic again. /At least it’s not a religion tread! Ha./

But, this s~~~ is getting out of hand. People are buying it like crazy with credit cards. The analysts are freaking the f~~~ out and claiming it is going to go parabolic. Today alone the following 6 topics cover the front page of CNBC.com. All I am saying is I have not seen anything like this since the dot com bubble. It even seems to be playing out the same way. A huge surge in price, mass coverage, buying with debit and capitulation. Even Hitman has a long position. When this s~~~ hits 10K I am taking my original investment off the table and letting the rest run. That’s my plan, what’s yours?

https://www.cnbc.com/2017/11/27/for-traders-on-social-media-bitcoin-is-a-bubble-unfolding-in-real-time.html

https://www.cnbc.com/2017/11/27/citadels-griffin-says-bitcoin-has-elements-of-the-tulip-bulb-mania.html

https://www.cnbc.com/2017/11/27/buy-bitcoin-with-credit-card-is-on-the-rise-on-google-and-sparking-bubble-fears.html

https://www.cnbc.com/2017/11/27/analyst-says-bitcoin-cant-save-squares-overdone-rally.html

https://www.cnbc.com/2017/11/26/bitcoin-surges-to-new-record-high-cryptocurrency-news.html

https://www.cnbc.com/2017/11/27/bitcoin-is-parabolic-and-that-usually-doesnt-end-well-art-cashin.html

[Anonymous 42]

The rush before the crash! Who’ll get burned and who will not all determined by who jumps ship first and who does not!

Billions of dollars will be vaporized faster than you can say FLASH GORDON!

Bitcoin; the new ENRON!

[narrow road travelerParticipant 1680]

Is bitcoin mining at the end of it’s run? That could be a part of the hype. I haven’t paid attention to crypto currency for about 2 years. So my memory is surely lacking.

The supreme art of war is to subdue the enemy without fighting. --Sun Tsu

[MarketWatcherParticipant]

Anonymous wrote:

Billions of dollars will be vaporized faster than you can say FLASH GORDON!

Spot on Tower. Don’t forget to sell!

[It’sallbsParticipant]

Naive fools.

http://www.leavemeansleave.eu

[CarnageParticipant 22113]

I don’t have much invested in that s~~~.

Just a few hundreds, but I plan to get out soon.

To those following me, be careful, I just farted. Men those beans are killers.

[Anonymous 3]

If you get in early it’s very lucrative. I know people that put in $10 and become millionaires. Other people put in a few hundred just a few years ago.

You never know.

Honestly everything is luck. Unless you’re born into money, it has way less to do with intelligence and way more with luck how much money you make.

I’ve gotten lucky before too and I know it. I used to try to tell myself I was just some financial whiz.

I didn’t get in on this bitcoin thing and don’t plan on it. I do have dry powder for it, but I don’t really need much money.

If you guys are interested, you should look up the tulip bubble. This is really exactly like that. I’m pretty sure it was tulips.

[MarketWatcherParticipant]

Anonymous wrote:

I’ve gotten lucky before too and I know it. I used to try to tell myself I was just some financial whiz.

I would rather be lucky than good!

Anonymous wrote:

I’m pretty sure it was tulips.

You are correct! People sold their homes for one bulb.

[Anonymous 42]

MarketWatcher wrote:

MG-ɹǝʍo┴ wrote:

Billions of dollars will be vaporized faster than you can say FLASH GORDON!

Spot on Tower. Don’t forget to sell!

They already labeled me a day trader in the last crash when I rode everything to the bottom and decided to sell. The scraps that I didn’t sell were consumed by inactivity fees. I swore, NEVER AGAIN! I like tangible unrecorded metals especially silver, gold, led, and Remington steel.

Now that I don’t give a f~~~ and our economy is destroyed, I’m glad they can’t keep me here forever! Prosperity has been annihilated by the dysfunctional form of centralized D.C. government we have today. They’re the problem to our answers and not the answer to our problems.

Do more with less is the only solution and we ran out of that decades ago! We look like WWII carpet bombed with all the empty MFG facilities all over the place! Quantitative easing in my mind is the same as using money for target practice! Fiat currency is the worst currency on earth! The only thing that grows is government all over the place, administrating your dollar however they see fit!

The only solution is to abolish it! It doesn’t listen nor behave anyway! It’s out of control!

[Anonymous 42]

Anonymous wrote:

you should look up the tulip bubble. This is really exactly like that. I’m pretty sure it was tulips.

I remember that story, when tulips were speculated creating the tulip bubble that popped and destroyed fortunes invested. I thought it was the early 1800s’ but according to Wikipedia it was 1637. Pretty early bubble!

https://en.wikipedia.org/wiki/Tulip_mania

[Anonymous 0]

Anonymous wrote:

phoenix wrote:

you should look up the tulip bubble. This is really exactly like that. I’m pretty sure it was tulips.

I remember that story, when tulips were speculated creating the tulip bubble that popped and destroyed fortunes invested. I thought it was the early 1800s’ but according to Wikipedia it was 1637. Pretty early bubble!

https://en.wikipedia.org/wiki/Tulip_mania

I’ve read that story about tulip mania in G.E. Griffin’s The Creature from Jekyll Island. In same book he proposed ways to abolish current FRS, replace fiat currency with real money, which would be backed up by precious metals.
How much realiable is G.E. Griffin’s data?
How much is that possible? What do you think, guys?

Also, as far as I remember, detailes of meeting of Putin with Buterin about Ethereum on The International Economic Forum in St. Petersburg had been hidden as Russian state secret. IMHO, it’s better to stay away from something, which had been put under secrecy in Russia, whatever it might be. Just my two kopeykas.

[MarketWatcherParticipant]

Anonymous wrote:

They already labeled me a day trader in the last crash when I rode everything to the bottom and decided to sell. The scraps that I didn’t sell were consumed by inactivity fees.

F~~~ that!

Anonymous wrote:

I like tangible unrecorded metals especially silver, gold, led, and Remington steel.

Noting wrong with any of that.

Anonymous wrote:

I thought it was the early 1800s’ but according to Wikipedia it was 1637. Pretty early bubble!

The earliest in modern history. One of the first “markets”. Thanks for looking that up Tower.

[Anonymous 3]

Any serious trader has studied market history and has heard of it. I’ve forgotten most of what I’ve read, and I eventually stopped reading because I realized it was mostly bulls~~~.

Kevin Bacon’s character on “Wolf of Wall St” really does say it the best. That’s what finance is.

Although in today’s market, sophisticated algos and insider information given to the major banks head of time really control everything. I used to play off of the big boys and go for momentum, but there is no way a human can do anything but use luck since the past 5+ years, since the algos are quicker at everything and the MMs will always frontrun you anyway.

[MarketWatcherParticipant]

Anonymous wrote:

MMs will always frontrun you anyway.

Damn right. As I say, you will never be faster than Goldman Sachs.

[BeachBumParticipant 813]

Market~~~cher…

you must be bored with your “new” job already! LOL!

get to work and entertain the Hive!! LOL

[BeerParticipant 11832]

Anonymous wrote:

Bitcoin; the new ENRON!

Its going to be even better than Enron. When Enron crashed people got to play victim and point at greedy executives. When Bitcoin eventually crashes, its all anonymous…there will be nobody to point the finger at but the person you see in the mirror when you wake up every morning.

A huge majority of people who are buying it are doing it thinking they will make a quick profit…if/when it crashes they’ll get about as much sympathy from me as someone who bets on penny stocks.

[Jan SobieskiParticipant 28791]

Another chance for me to by high and sell low…

I’d there a way to short bitcoin?

Love is just alimony waiting to happen. Visit mgtow.com.

[JB BooksParticipant 3182]

It’s all highly speculative. If you can afford to gamble and lose it all, then go for it if you want to. I’m not interested in taking on that degree of risk; I’ve got a path to financial independence and an stickin’ to it.

We just don't realize life's most significant events while they're happening. Back then, I thought, "Well, there'll be other days". I didn't realize that that was the only day. - "Moonlight" Graham

[KevinStylesParticipant 2580]

It’s going to crash i mean taht’s a given. It’s a boom right now and if you’re not already in, i’d just forget about it you’re too late. Pick it up after the crash maybe.

The thing that sucks though is if you’re a miner, and mining other currency , the only way you can get cash is via bitcoin. YOu have to go from like ETH > Bitcoin > $$$$. The higher bitcoin value is the more ETH i need to buy Bitcoin with.

I was considering building a ETH miner just for s~~~s n giggles but i just don’t know with bitcoin being a run-away train that’s going to derail at some point.

[Anonymous 14]

MarketWatcher wrote:

All I am saying is I have not seen anything like this since the dot com bubble.

That is it in a nutshell imo Market~~~cher.

[Author]

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