Wow. Bitcoin is almost $1,500

[momeNt]

Reminds me of this, Sept 2014.

American Bitcoin exchange CEO, 28, researched suicide methods before jumping from a Singapore high-rise due to 'work and personal issues'
https://en.wikipedia.org/wiki/Mt._Gox

Research suicide methods and decided to go with jumping out of a building? Why even bother researching if thats what you end up doing. Ridiculous!

 

[ponyo]

https://www.investing.com/charts/cryptocurrency-charts
So in 1 month, from Jan 6 ($16,675.3) to today Feb 6th (6386.3) Bitcoin hast lost about 61.7% it's value.
Has this ever happened before?

Are you asking about Bitcoin? or about any other stocks or commodities? It's happened to all three many times. Rhodium went to above $10,000 per ounce to below $1,000 in 2008. Yesterday, while everyone was focusing on Bitcoin and the Dow drop, XIV dropped from $115.55 to closing value of $4.22. Credit Suisse is terminating the ETN so XIV holders are left holding the bag and their losses locked in. In a single day XIV holders got virtually wiped out.

 

[FelixDeCat]

Research suicide methods and decided to go with jumping out of a building? Why even bother researching if thats what you end up doing. Ridiculous!

Carbon monoxide or raw caffeine. Leaves the body nice for cremation.

 

[SKORPI0]

Are you asking about Bitcoin?

Just about Bitcoin or any other cryptocurrenty too.

re : Credit Suisse and XIV ETN
https://www.cnbc.com/2018/02/05/xiv...linked-to-volatility-plummets-80-percent.html

 

[AdamK47]

I'd like to think I know a thing or two about this crytocurrency market. What you guys should do is buy as many coins (in the flavor of your choosing) as possible in the earliest of the AM.

You guys can trust me on this.

Who are the winners here that took my solid advice?

 

[DaveSimmons]

... or about any other stocks or commodities? It's happened to all three many times. Rhodium went to above $10,000 per ounce ...

Which is why I have 0 stock shares and no commodities in my brokerage account, just index funds. Another Enron could only take out a tiny sliver of an S&P 500 fund.

 

[ponyo]

Which is why I have 0 stock shares and no commodities in my brokerage account, just index funds. Another Enron could only take out a tiny sliver of an S&P 500 fund.

 

[Beer4Me]

Who are the winners here that took my solid advice?

Sarcasm much? All cryptos are continuing to drop, so that's a solid NO. I speculate that they'll continue their slide as ppl continue to sell off their assets. I'm waiting for BTC to hit 2k, and if it does, I'm buying more.

 

[AdamK47]

Sarcasm much? All cryptos are continuing to drop, so that's a solid NO. I speculate that they'll continue their slide as ppl continue to sell off their assets. I'm waiting for BTC to hit 2k, and if it does, I'm buying more.

I don't use sarcasm.

 

[Charmonium]

Sarcasm much? All cryptos are continuing to drop, so that's a solid NO. I speculate that they'll continue their slide as ppl continue to sell off their assets. I'm waiting for BTC to hit 2k, and if it does, I'm buying more.

There was a little bit of a rebound. What I'd really like to see is some sort of decoupling though. If you look at the front page on coin marketcap, all of the charts are virtually identical. The only exception is Tether which is just an exaggerated version of the others. I'm not going to be convinced any of these are the real deal until I see some of them moving on their own.

 

[Ns1]

LOL saw a whole lot of video cards available today from newegg.

3 1070's and 2 570's as of this writing.

 

[zinfamous]

LOL saw a whole lot of video cards available today from newegg.

3 1070's and 2 570's as of this writing.

I haven't been paying much attention lately, but this is the first time I have seen them list "6 packs" for various manufacturer cards
https://www.newegg.com/Product/Prod...J5430&cm_re=rx_580-_-9SIA6V66RJ5430-_-Product

lol.

doesn't say used or new, so I am guessing "lightly ....uh, used!" OEM shipped in bubble wrap, still at >$500 each for a ~$250 card. I think the re-sellers are now taking in massive used stock of these cards.

And yeah, plenty of these 6 packs and individual cards are now in stock...prices are still ridiculous, though.

EDIT: LOL

 

[Crono]

Is crypto hearing video up in full anywhere yet? I only see commentary videos. I'm guessing C-SPAN or the official Senate site would have it, but not up yet.

EDIT: found it, starts at ~18:40
https://www.banking.senate.gov/publ...-the-u-s-commodity-futures-trading-commission

I don't use sarcasm.

Yeah, it's just called trolling.

 

[Ns1]

for the first time in eons, Newegg has 5 different RX570's in stock.

 

[VirtualLarry]

for the first time in eons, Newegg has 5 different RX570's in stock.

C'mon! Let's buy more "surfboards", and ride this wave all the way down! #miningtilltheend

 

[Ns1]

C'mon! Let's buy more "surfboards", and ride this wave all the way down! #miningtilltheend

I do need 2 more cards to complete my rig. Until then, fear my riches.

Balance
0.01009473 ETH

 

[Zeze]

https://www.investing.com/charts/cryptocurrency-charts
So in 1 month, from Jan 6 ($16,675.3) to today Feb 6th (6386.3) Bitcoin hast lost about 61.7% it's value.
Has this ever happened before?

Yes didn't we answer this before. We had several -70 to 90% ATH drops.

 

[pete6032]

There was a little bit of a rebound. What I'd really like to see is some sort of decoupling though. If you look at the front page on coin marketcap, all of the charts are virtually identical. The only exception is Tether which is just an exaggerated version of the others. I'm not going to be convinced any of these are the real deal until I see some of them moving on their own.

Ripple is moving on its own indeindepen of bitcoin, in the wrong direction much more severely than bitcoin.

 

[ponyo]

From my experience with dotcom, raising margin requirements really put a damper on internet stocks momentum. Same thing with COMEX raising the margin requirement to ridiculous level first with Hunt brothers in the 80s and later in 2011 for silver & gold. I expected bigger bounce with bitcoin and crypto than the current $7,500 level. I think the credit card purchase ban is really hurting retail buyers and momentum. Maybe we'll get a bigger bounce later this week once people's fund transfers become available to purchase.

 

[Zeze]

Ripple is moving on its own indeindepen of bitcoin, in the wrong direction much more severely than bitcoin.

-Bitcoin down 60% from ATH
-Ripple down 80% from ATH
-Eth is doing great only down like 45%
-VeChain down 55%

Frankly these are great indicators for which coin will succeed in the future. Eth and Ven are looking great as they always were.

 

[destrekor]

Carbon monoxide or raw caffeine. Leaves the body nice for cremation.

Best would be pure nitrogen. Carbon monoxide is similar but nitrogen is a bit more humane as it's not toxic like CO, it just quickly and painlessly suffocates instead (no oxygen whatsoever is lights out quick at normal respiration, and when it doesn't hurt because you are still getting rid of the CO2 during exhalation, it means it happens before your body realizes this whole breathing thing isn't work like it should)

 

[Ns1]

Best would be pure nitrogen. Carbon monoxide is similar but nitrogen is a bit more humane as it's not toxic like CO, it just quickly and painlessly suffocates instead (no oxygen whatsoever is lights out quick at normal respiration, and when it doesn't hurt because you are still getting rid of the CO2 during exhalation, it means it happens before your body realizes this whole breathing thing isn't work like it should)

wat

 

[destrekor]

Just sayin. lol

edit:
But for real though, that's becoming a preferred method for euthanasia for those very reasons. I kept the description brief so as to not totally derail the thread. I know I can be a bit... wordy.

 

[Charmonium]

Ripple is moving on its own independent of bitcoin, in the wrong direction much more severely than bitcoin.

Well, it's now 8 hours later or rather an eon in compressed crypto-time so the charts look similar again.

As much as I don't like Ripple and think it's flawed, if you don't mind the centralized system and basically having a more secure version of SWIFT, then I think it has potential. Even though Ripple Labs is optimizing the system for bank transfers, there's no reason it couldn't be open to the public. And it seems that's the intention with the Moneygram deal.

Stellar, which is a fork of Ripple is a better system but doesn't have nearly the support that Ripple does. However they're optimized for a public facing system. So I think ultimately their currency will generate more demand. I know it's possible for that to happen very quickly but it's hard to judge if the demand, access and infrastructure is there for it to happen.

 

[JSt0rm]

hoping my beanie babies will push up now that crypto is dropping. People may want solid speculative currencies like beanie babies in the future.