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Oompa Loompa

Bitcoin - someone explain it to me

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5 hours ago, Tryline said:

So what’s happens to all the cash that ppl buy the bitcoin with?!? 

🤔🤔

It goes into the bank accounts of the people that sold the bitcoin. 

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Talking to a couple of ForEx traders over here, they left the market a week ago as they couldn't make any more money off it. It has peaked and is about to crash. 

These are the same guys that got out of Banks just before the bubble burst. 

Also, another tip .... cars. If you are looking to buy a car, just hang on for a moment. The market is so overheated with poor performing finance that the manufacturers have had to drop their trousers on price to keep the volume up. Vehicle repossession has increased, so there will soon be a flood of re-marketed, low mileage, maintained cars on the market.

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15 hours ago, Mike Honcho said:

Now Coinbase insider trading. 

Insider trading is nothing new... When I worked for a massive investment bank on the trading floor it was flagrant! 

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10 hours ago, Rimmer said:

Talking to a couple of ForEx traders over here, they left the market a week ago as they couldn't make any more money off it. It has peaked and is about to crash. 

These are the same guys that got out of Banks just before the bubble burst. 

Also, another tip .... cars. If you are looking to buy a car, just hang on for a moment. The market is so overheated with poor performing finance that the manufacturers have had to drop their trousers on price to keep the volume up. Vehicle repossession has increased, so there will soon be a flood of re-marketed, low mileage, maintained cars on the market.

You're not the first person I've heard lately saying similar. Good news for me! :thumbup:

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16 hours ago, monkie said:

Insider trading is nothing new... When I worked for a massive investment bank on the trading floor it was flagrant! 

To the blatant extent that Coinbase did though is. Opened a new market early. Only open for two minutes. Hit every single buy order but had sells disabled. Drive the price from 5K to 9K. Then activated sells but locked everyone out. Took all the cash in both directions. Then to top it all off erased all trading history of that run from their site. 

 

Pure theft. 

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10 hours ago, Mike Honcho said:

To the blatant extent that Coinbase did though is. Opened a new market early. Only open for two minutes. Hit every single buy order but had sells disabled. Drive the price from 5K to 9K. Then activated sells but locked everyone out. Took all the cash in both directions. Then to top it all off erased all trading history of that run from their site. 

 

Pure theft. 

Not defending it at all but when you've been sitting on a trading floor with the prop dealer telling the sales guys what he needs to move in what direction then you become slightly more cynical about the world's markets ;)

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Yowsers, which crypto currency to invest in? BTC has the history, the hype and the market cap, but, as I (don't really) understand it, ripple is like some kind of inter-bank crypto currency, or at least is accepted by many banks as such, yet etherium is a kind of high(er) tech crypto more suited to working within the current IT/App framework (I am hoping someone will point out my mistakes here and give a better answer) 

But in any case, all three seem to be worth investing in but ripple seems to have increased relative to BTC more than etherium and Def more than litecoin or bitcoin cash.

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3 hours ago, Cottoneyes said:

Notice no one seems to be trying to flog off their Ferrari's on here to keep out of the poor house.  Did you all sell in time?

Missed the top of the peak by about an hour so pretty chuffed. Left half the profit in there to see what happens (currently just losing value fast) and the other half paid for Christmas...

I consider myself purely flukey and can claim no more credit for the timing than I could for a win on the pokies.

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On 18/01/2018 at 3:54 PM, Cottoneyes said:

Notice no one seems to be trying to flog off their Ferrari's on here to keep out of the poor house.  Did you all sell in time?

The thing is the ‘crash’ only took the price back to where it was 6 weeks ago. If you brought in prior to that you’re still well ahead.

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