Bitcoin Price Tracking & Discussion -- 2017

**Waterstpub87** · 12-09-17, 12:59 PM

Originally posted by shocka1212

those are big contracts though... smallest one is 5 btc so were not going to have some John Doe skeptical at home shorting it.

Have they released the contract specs, I haven't paid attention. Margin usually like 20%, so it would be 1 btc to short 5. I'd be more worried about Hedge funds. Many in the community bitcoin skeptics.

**shocka1212** · 12-09-17, 02:37 PM

Originally posted by ans61201

In a hypothetical crash or huggge dip, how would the sportsbooks be affected? How invested are they in btc at a given time?

I have some stop loss orders for 10k.. if it. Does crash, I'm buying back in anyway..

**shocka1212** · 12-09-17, 02:38 PM

Originally posted by Waterstpub87

Have they released the contract specs, I haven't paid attention. Margin usually like 20%, so it would be 1 btc to short 5. I'd be more worried about Hedge funds. Many in the community bitcoin skeptics.

5 BTC is the smallest contract

**ans61201** · 12-09-17, 03:12 PM

Originally posted by shocka1212

I have some stop loss orders for 10k.. if it. Does crash, I'm buying back in anyway..

In a rapid decline will there be any buyers to fill your sells? I'm almost positive all of the major sites would "go offline for maintenance"

**ChuckyTheGoat** · 12-09-17, 03:23 PM

Originally posted by shocka1212

I have some stop loss orders for 10k.. if it. Does crash, I'm buying back in anyway..

Keep the posts comin, Shocka. You nervous over coming days?

**RudyRuetigger** · 12-09-17, 04:17 PM

i mean we have a bitcoin discussion thread in players talk

why not betpoints discussion thread

**Snowball** · 12-09-17, 04:58 PM

crypotokitties is 15% of all ethereum trade volume

seems kinda ridiculous

**ans61201** · 12-09-17, 05:15 PM

Originally posted by Snowball

crypotokitties is 15% of all ethereum trade volume

seems kinda ridiculous

I'd love to be the guy that created that game 😂

**jjgold** · 12-09-17, 06:18 PM

I think Ether could be the play as bitcoin peaked out

**ChuckyTheGoat** · 12-09-17, 06:49 PM

Originally posted by jjgold

I think Ether could be the play as bitcoin peaked out

Duly noted. Boys...u know what to do here.

**shocka1212** · 12-09-17, 08:18 PM

Originally posted by ans61201

In a rapid decline will there be any buyers to fill your sells? I'm almost positive all of the major sites would "go offline for maintenance"

As long as the order is in before shit gets real, you should be fine

**dhristov211** · 12-09-17, 08:22 PM

Originally posted by jjgold

I think Ether could be the play as bitcoin peaked out

it peaks out at 67k new year 2019

**shocka1212** · 12-09-17, 08:38 PM

Originally posted by ChuckyTheGoat

Duly noted. Boys...u know what to do here.

guys throwing darts without looking at a chart of any kind.

**ChuckyTheGoat** · 12-09-17, 08:42 PM

Originally posted by shocka1212

guys throwing darts without looking at a chart of any kind.

Honestly...JJ's comment above eased my mind. It's going to the moon!

**TheMoneyShot** · 12-10-17, 03:28 AM

If Bitcoin drops below 12,500 might be time to start making an emergency plan???

**Optional** · 12-10-17, 04:04 AM

Originally posted by TheMoneyShot

If Bitcoin drops below 12,500 might be time to start making an emergency plan???

That's what the shorters hope you do.

People power or wall street power? Tune in Monday for the rumble.

**GunShard** · 12-10-17, 05:13 AM

I'm not sure what you would call a bubble.
But if it drops past 10k, maybe call it. But definitely when it drops past 5k then the bubble has been popped.

**Sam Odom** · 12-10-17, 05:22 AM

Sunday... Futures Day

**GunShard** · 12-10-17, 06:47 AM

https://www.bloomberg.com/news/articles/2017-12-07/goldman-sachs-is-said-to-clear-bitcoin-futures-when-they-go-live

**Sam Odom** · 12-10-17, 06:54 AM

Of course NWO guys hate BTC

goldman sachs got bailed out by TAXPAYERS to the tune of $10B

**Sam Odom** · 12-10-17, 08:31 AM

December 10th

Bitcoin fans are cheering the imminent launch of futures on the digital currency. But critics say the new market could be roiled by hacks, technical snafus or manipulation schemes.

wsj.com

https://www.wsj.com/articles/bitcoin-futures-launch-stokes-fears-of-manipulation-hacks-glitches-1512907201

**shocka1212** · 12-10-17, 10:03 AM

Originally posted by Sam Odom

December 10th

Bitcoin fans are cheering the imminent launch of futures on the digital currency. But critics say the new market could be roiled by hacks, technical snafus or manipulation schemes.

https://www.wsj.com/articles/bitcoin...hes-1512907201

thats all critics do, write a skeptical story for a couple of clicks.

**ChuckyTheGoat** · 12-10-17, 10:55 AM

Originally posted by shocka1212

thats all critics do, write a skeptical story for a couple of clicks.

Very interesting psychology in coming days. On a knife's edge.

I've seen some quotes from traditional Stock-mkt traders that are anti-Bitcoin simply b/c they're blowing hot-air. Not backed by any rational thought.

**shocka1212** · 12-10-17, 10:56 AM

Originally posted by ChuckyTheGoat

Very interesting psychology in coming days. On a knife's edge.

I've seen some quotes from traditional Stock-mkt traders that are anti-Bitcoin simply b/c they're blowing hot-air. Not backed by any rational thought.

watch that Jim Cramer video from either Thursday or Friday... makes me want to go sky diving without a parachute.

**ChuckyTheGoat** · 12-10-17, 11:09 AM

Originally posted by shocka1212

watch that Jim Cramer video from either Thursday or Friday... makes me want to go sky diving without a parachute.

I'll have to check it out.

**ChuckyTheGoat** · 12-10-17, 11:12 AM

Originally posted by shocka1212

watch that Jim Cramer video from either Thursday or Friday... makes me want to go sky diving without a parachute.

I think this is the video you're referencing:

https://www.youtube.com/watch?v=4yZGH_Zuqio

**ChuckyTheGoat** · 12-10-17, 11:12 AM

I would LOVE to see these stock-mkt schmucks get crippled by Bitcoin.

**reigle9** · 12-10-17, 11:25 AM

have my mayfield heisman money to cashout, think i should wait to see if it dips today or tomorrow, or would it be pointless cause 5d will send me whatever price they want anyway?

**ace7550** · 12-10-17, 12:27 PM

Originally posted by Optional

That's what the shorters hope you do.

People power or wall street power? Tune in Monday for the rumble.

It's funny that people are worried about it "going as low" as 12.5k. Just a couple weeks ago at thxgiving everyone was amazed that it had hit 10k.
Monday could be a very exciting day

**Mac4Lyfe** · 12-10-17, 12:49 PM

Originally posted by shocka1212

I have some stop loss orders for 10k.. if it. Does crash, I'm buying back in anyway..

Stop loss orders can be very dangerous in a volatile market like BTC. It's good in the stock market WHEN things are pretty stable but it can be disastrous in a flash crash. Market manipulators know exactly where the majority of people have the stop loss levels, so they can easily move the stock lower, get the group to sell, then immediately pumped it back up. In a flash crash, you are shit out of luck because by the time your order gets filled, you've lost a shit load of value.

So you have a stop loss order for $10k. What happens if the manipulators flash crash BTC to $8k? Your order will be filled at $8k because you couldn't get in at $10k. They then pump it back up to $10k. You just lost 20% while you were sleeping. I suspect we are going to see a bunch of flash crashes followed by immediate run ups as people try to manipulate the price and weed out small timers.

You should google the dangers of stop loss orders.

**GunShard** · 12-10-17, 01:28 PM

This is a good video on Bitcoins past history. In Nov 2013, Bitcoin went from $100 to $1000 when it was opened to China. Then Bitcoin crashed for 2 years afterwards until 2015. Everyone thought this was the end of Bitcoin.

Everyone talked about the Bitcoin bubble being popped. It already did in 2013 and it recovered.

**ChuckyTheGoat** · 12-10-17, 01:30 PM

Investing is the ultimate Monday Morning QB. People try to time the mkt.

Invariably, you wind up thinking "I should have gotten in earlier" or "I should have gotten out earlier."

**shocka1212** · 12-10-17, 02:29 PM

Originally posted by Mac4Lyfe

Stop loss orders can be very dangerous in a volatile market like BTC. It's good in the stock market WHEN things are pretty stable but it can be disastrous in a flash crash. Market manipulators know exactly where the majority of people have the stop loss levels, so they can easily move the stock lower, get the group to sell, then immediately pumped it back up. In a flash crash, you are shit out of luck because by the time your order gets filled, you've lost a shit load of value.

So you have a stop loss order for $10k. What happens if the manipulators flash crash BTC to $8k? Your order will be filled at $8k because you couldn't get in at $10k. They then pump it back up to $10k. You just lost 20% while you were sleeping. I suspect we are going to see a bunch of flash crashes followed by immediate run ups as people try to manipulate the price and weed out small timers.

You should google the dangers of stop loss orders.

I know what I'm doing.....

**TheMoneyShot** · 12-10-17, 02:39 PM

Originally posted by Optional

That's what the shorters hope you do.

People power or wall street power? Tune in Monday for the rumble.

Back where we need to be

**ChuckyTheGoat** · 12-10-17, 03:01 PM

Shocka, keep the posts coming. Let us know if u see any impact from the Futures mkt.

Price slowly climbing today. $15,600.