cryptocurrency

[Jazzy]

Wow some big sums of money mentioned in here

Lol jk

[Lojik]

Originally Posted by HippoNipple [You must be logged in to view images. Log in or Register.]

Insider trading is due to information being utilized the general public doesn't know. If a currency is fixed it would be like someone doing inside trading with gold, it doesn't make sense.

Perhaps insider trading was the wrong terminology to use. But, if a relatively few number of parties hold a very large percentage of bitcoin and they're in phase one of a pump & dump, then a lot of people are going to get run over. If there was CoT type report for identifying who holds significant amounts of BTC and it was found out some firms held over 20%, I think people would be a bit worried about the potential for manipulation.

If you have a small amount of powerful players who do this, and add in the fact that you have a lot of people who don't know shit about bitcoin except that "it's just going to keep going up" you have a perfect recipe for panic selling if there's a big enough drop in price. Some people who have held the coins for years already will probably weather a 50% drop in price if it rebounds fairly quickly. But if it doesn't jump right back up then I think there might be trouble.

If something like that does happen it would probably be a while. Bull markets tend to end when there is close to a bull sentiment consensus. Once you stop seeing BTC Apocalypse type articles and comments...that's when it might be time to sell.

[heartbrand]

Originally Posted by Forum Cuck [You must be logged in to view images. Log in or Register.]

goodluck getting 9500 for a bitcoin, and it is peaking now sell it

that's how you make money, you don't wait till you need money to sell

when stuff is up you unload

This person sold 1000 hours of work for $299 to Vaporize.

Take his financial advice with a grain of salt.

[yyrkoon]

just because you tards have no btc doesn't mean it's worthless. whoever said good luck getting $9500 for it today, it's trading for $9500-$9600 today on every major exchange.

also don't underestimate the fact that there's only 21 million btc potentially available (when all of it has been mined in about a hundred years). there's 7 billion people today, 1.5b in china alone.

TLDR: you will get laid before btc crashes

smilin hard

stay poor

[Pokesan]

Originally Posted by Lojik [You must be logged in to view images. Log in or Register.]

You guys at all concerned about insider type selling w/ bitcoin? The level of anonymity means you literally have no idea who has what amount of coin. Even with rules regarding transparency for big players in regulated securities you still have insider trading as a huge problem.

https://hackernoon.com/meet-spoofy-h...n-39c711d28eb4

[Baugi]

Originally Posted by yyrkoon [You must be logged in to view images. Log in or Register.]

just because you tards have no btc doesn't mean it's worthless. whoever said good luck getting $9500 for it today, it's trading for $9500-$9600 today on every major exchange.

also don't underestimate the fact that there's only 21 million btc potentially available (when all of it has been mined in about a hundred years). there's 7 billion people today, 1.5b in china alone.

TLDR: you will get laid before btc crashes

smilin hard

stay poor

All it's going to take is one good attack. It should probably concern you that they've already had to fork several times to head off serious issues with the protocol. Also that security researchers have published relatively unfixable DoS vectors.

I'm happier stuffing my salary into my mattress personally.

[yyrkoon]

Originally Posted by Baugi [You must be logged in to view images. Log in or Register.]

All it's going to take is one good attack. It should probably concern you that they've already had to fork several times to head off serious issues with the protocol. Also that security researchers have published relatively unfixable DoS vectors.

banks are being robbed / hacked into / defrauded since banks exist. everyone still uses banks. also banks are much, much more vulnerable to dos than the bitcoin network.

they've forked? who are "they"? what did it to to bitcoin? not much except boosting its price.

you can fork the bitcoin chain today, it takes a couple days to learn how, from scratch. just like you can create your own paper currency today. it won't matter unless people actually attach value to it (which is a whole different story).

I'm happier stuffing my salary into my mattress personally.

glad we both are happy

[HippoNipple]

Originally Posted by yyrkoon [You must be logged in to view images. Log in or Register.]

banks are being robbed / hacked into / defrauded since banks exist. everyone still uses banks. also banks are much, much more vulnerable to dos than the bitcoin network.

they've forked? who are "they"? what did it to to bitcoin? not much except boosting its price.

you can fork the bitcoin chain today, it takes a couple days to learn how, from scratch. just like you can create your own paper currency today. it won't matter unless people actually attach value to it (which is a whole different story).





glad we both are happy

The difference is if a bank gets robbed you still get to keep your money. Their are also measures enforced by the government to keep your money safe in case of bankruptcy (FDIC and SIPC). Bitcoin has investment and security risk. It has paid off to take that risk.

[hokuten99]

I'm having so much success with cryptocurrency. so many bitter angry nerds. This is the future I'm doing nothing but trying to help you all. Good luck out there.

[Baugi]

Originally Posted by yyrkoon [You must be logged in to view images. Log in or Register.]

banks are being robbed / hacked into / defrauded since banks exist. everyone still uses banks. also banks are much, much more vulnerable to dos than the bitcoin network.

they've forked? who are "they"? what did it to to bitcoin? not much except boosting its price.

you can fork the bitcoin chain today, it takes a couple days to learn how, from scratch. just like you can create your own paper currency today. it won't matter unless people actually attach value to it (which is a whole different story).

I think you misunderstood what I meant by "dos" (which is fair, I didn't give much detail). I don't mean flooding some node with packets. I mean attacking transactions and transaction histories such that making and storing transactions becomes computationally infeasible. With a sufficient share of miners, you can also abuse the consensus protocol to invalidate a correct branch of the chain. Ect.

There's not an appropriate banking analogy for these attacks because they have the potential to bring down the entire system.

If someone came up with a feasible attack on the cryptographic side of the protocol, the whole thing would be donezo instantly; zero value because your only insurance was cryptographic. This is obviously less likely, but we've broken plenty of provably secure protocols over the years.