littlebabyjesus
one of Maxwell's demons
Yeah sure. But the wankers stealing electricity from the poor must surely be in the latter category.
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Ranbay
The same rules apply
I came
Yossarian
Get thee behind me, Santa
littlebabyjesus
one of Maxwell's demons
What a fucking idiot. I can only hope this sets a trend. Sounds like a fair few of these idiots scaled themselves up to depend on the highest bubble price. Fucking hell it was only remotely near that level for a couple of months . Not even the slightest mention there of energy waste global warming or anything else.
The guy in that article reckons $2500 to mine a bitcoin somewhere in the US where power is 25% cheaper than elsewhere, so about $3300 elsewhere in the States. That’s slightly cheaper than I’ve read elsewhere but it’s good to see an estimate from somebody really doing it. So, relatively speaking, not much more tumbling before the whole system becomes unsustainable!
Johnny Doe
Well-Known Member
The £200 I invested out of curiosity 15 months ago is now worth £85 and the app I used saying buying and selling is suspended is due a 'hard fork'.
Wheels off?
Wheels off?
Chilli.s
mingling jets and statuettes
-If you can't sell and exit then you really are hard forked!
not-bono-ever
meh
Whatever “price” it is showing is due to blatant market manipulation by a handful of big players over a holiday weekend when volumes were thin. I don’t care either away ( energy issues aside) but it’s a rotten gerrymandered game to play for most people
littlebabyjesus
one of Maxwell's demons
Not sure about that. It started sliding before the holiday weekend. Only reason the big players would manipulate it like that would be to buy it up cheap in anticipation of the price going back up.
I think bitcoin is best understood as a very simple thing with a simple dynamic. There are no underlying fundamentals. There is no market analysis to be done. There is simply confidence. And any big player who tries to mess with that confidence is likely to get burned.
not-bono-ever
meh
Mebbes - if I had zillions of cash and no morals , I would short the fuck out of it at opportune moments like a BH weekend. The drop may be down to those who have no actual BC interest but just see it as another lawless Wild West to be exploited.
Bleats are starting to be heard demanding that price stability ( ie price appreciation for the poor lambs who are not making the money they expected) can only come about with increased acceptance of BC legitimacy and subsequent regulation by authorities.
I don’t even know where to start in that approach. Is the world now run by a cake and eat it cartel ?
Bleats are starting to be heard demanding that price stability ( ie price appreciation for the poor lambs who are not making the money they expected) can only come about with increased acceptance of BC legitimacy and subsequent regulation by authorities.
I don’t even know where to start in that approach. Is the world now run by a cake and eat it cartel ?
littlebabyjesus
one of Maxwell's demons
You may well be right about the little blip over the weekend, but it's inexorably on the way down. If they are shorting it like that, all I can hope is that their greed will lead them to hang on to their bitcoins for too long and lose their shirts after panicking the market once too often.
cupid_stunt
Merry fecking Christmas.
not-bono-ever
meh
Under $4 k again
Lolz. Even reckless shite like Morgan Stanley have quit offering bitcoin support. That’s a real shame as I would like to see the banks take a hit on this speculative toss
Lolz. Even reckless shite like Morgan Stanley have quit offering bitcoin support. That’s a real shame as I would like to see the banks take a hit on this speculative toss
littlebabyjesus
one of Maxwell's demons
Stabilised for the last week or so, though, and that still represents an enormous bubble - £50 billion quid or so of fictitious capital. Still need to knock a couple of zeros off that at least.
not-bono-ever
meh
I don’t think you can apply *normal* logic to stuff like this. Most of the great Satan has access to weed half legitimately these days. It is now just Wild West speculation and carpet baggery driven
Ranbay
The same rules apply
just saying what i have seen the past 5-6 years i have been using it that's all
this year i don't see it... so that's intresting.
not-bono-ever
meh
There is probably a decent masters thesis on the realstionship between the pricing and the liberalisation of the drug markets I suppose
beesonthewhatnow
going deaf for a living
The sooner this stupid magic money bullshit goes to the wall the better. Fuck every greedy little twat that jumped on it, hope they lose everything 
maomao
普費斯
I have no proof of this but I would guess that weed sales (and heroin and other drugs mainly used by habitual users) get less of a seasonal surge than cocaine* and party drugs.
*I'm aware that cocaine addiction is common but I know loads of people who do it a couple of times a year whereas every stoner I know is 365 on it.
not-bono-ever
meh
3500 USD
I can imagine a lot of punters are still clinging onto a loss making position in the hope that it will resurrect itself
It won’t but this big swinging dick thinks it will actually get to 15k by the end of the year
https://www.ccn.com/doubling-down-t...ZhVk4zelI1cGtpNk8tRWpoLVdPSFUzdEhLZlpoUnJjSWk.
He is running out of days
I can imagine a lot of punters are still clinging onto a loss making position in the hope that it will resurrect itself
It won’t but this big swinging dick thinks it will actually get to 15k by the end of the year
https://www.ccn.com/doubling-down-t...ZhVk4zelI1cGtpNk8tRWpoLVdPSFUzdEhLZlpoUnJjSWk.
He is running out of days
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cupid_stunt
Merry fecking Christmas.
beesonthewhatnow
going deaf for a living
Ha ha ha ha ha
littlebabyjesus
one of Maxwell's demons
Still only creeping down though, really. I won't be calling this a crash at least until it's back down under £1k.
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