Bitcoins

so how do you buy derivatives or something where you make money when bitcoin falls in value - God the world of finance is so freaking convoluted

there's a site that lets you do just that but you can't use it in America

forget it ! Its bitcointown!

here you go my friend https://www.bitmex.com/

Bitcoin is virtually useless as a currency but as a commodity you can gamble on it's pretty good

The CFO said Goldman is working on a type of derivative for bitcoin because "clients want it."

https://www.cnbc.com/2018/09/06/goldman-sachs-cfo-calls-reports-of-shutting-down-crypto-desk-fake-news.html

"A trader wants to goes long 10 XBT of TRON futures contracts, which trades at 0.0200 XBT. As the leverage is 20x, the trader only needs 0.5 XBT of margin for this trade."

now we are getting in too deep

you can do 100x leverage. shoot for the moon. even if you fail, you'll still land among the stars

McAfee

The first Bitcoin forecast that I want to discuss with you is by John McAfee, the creator of the popular anti-virus software McAfee. McAfee is well-known in the cryptocurrency industry because he makes lots of insane price predictions on Twitter, however, it has since been revealed that crypto projects pay him more than $100,000 to do so.
Anyway, in 2017, MacAfee said that Bitcoin would reach $500,000 in 2020, and if it didn’t, he would eat his private parts live on TV! If you didn’t think this was crazy enough, McAfee then increased his Bitcoin price prediction 2020 to $1 million! To be honest, he seems rather confident to me.

https://www.bitdegree.org/tutorials/bitcoin-price-prediction-2020/#Bitcoin_Price_Prediction_2020

I went to my local coffee shop and the barista didn't talk to me about it. The delivery guy as well, not a word, zip.

Even in my local bar, I must have overheard 3 or 4 conversations, every one literally the same, not a mention of bitcoin. Even the bartender was at it, ethereum, ethereum, ethereum, literally absent from every sentence

is it.....time to go all in?

Incidentally just came across this on my lunch break pic.twitter.com/w2NuIbhs0h

— Bryan Ma (@bryanbma) October 15, 2018

A couple years back I used to work at a BTC-related startup, which was hell, but I met some cool folks there. I've now reunited with the good people at another startup in more or less the same sector. It may drive me insane in a year or two but in the meantime, I gotta eat.

no shame. got those bits yo

Simon HODL

It is interesting, when you're in the space, to observe the interaction between true believers and cautious employees/careerists. I'm beginning to realize the latter group dwarfs the former at this point in time.

this could probably lead to a wolf of mt gox book deal someday. Take notes!

joeks but hoping this all goes well for you

I feel like the popular fervor has died down now but I kind of expect there to be another wave next financial crisis. It will play the role gold did last time.

this could probably lead to a wolf of mt gox book deal someday. Take notes!

I literally said "love to do crimes on day one" aloud to a co-worker after a client asked us to perform an ethically dubious task lol

The next financial crisis will be huge for crypto for sure.

feds are better at controlling currency than algorithms and they don't waste as much energy.

https://www.bbc.co.uk/news/technology-46150107

lol

not @ the link, just a general lol

I watch a lot of Shark Tank now and it occurred to me that bitcoin is just like every single product that gets brought on where the entrepreneur is like "this is going to take over the world because x y z" and the sharks are like "Sounds great but you have no sales"

HODL not the best investment strategy for moving through a bubble

https://www.reddit.com/r/Bitcoin/comments/9ylaxp/the_rocket_has_taken_off/

simple but effective imo

looool

https://exchangewar.info/

someone's having a good day

That made me look into wtf Tether is and HOO boy.

yea Tether is amusing in that it's both an attempt to reverse-engineer real money AND a blatantly illegal financial scheme in which the creators just "invent" billions of dollars

Enron?

https://breakermag.com/trapped-at-sea-with-cryptos-nouveau-riche/

^^^ excellent writing. confirms my bias that crypto is a cult of thirsty dudebros above all

yeah it's a great article

yup, handy encapsulation of everything that's horribly wrong in the space

https://www.youtube.com/watch?v=8rGuH0vBLLs

roffle

http://www.gizmodo.co.uk/2019/02/crypto-exchange-says-it-cant-repay-145-million-to-clients-after-founder-dies-with-only-password/

whoops

My 'lol' and 'sad' levels were fluctuating wildly as I read that story.

Not convinced yet that the guy is actually dead

“This is a tough lesson learned,” Calgary customer Elvis Cavalic told CBC

at least i got a new screen name out of it i guess

srsly tho it's great that crypto companies are run so competently that a guy dropping dead can just wipe out 190mil, v cool new money system we have here

If there was ever a time to amass a crypto-fortune and then pull a D.B. Cooper in the hopes that a septuagenarian judge will throw up his hands in confusion at the blockchain jargon used to explain the inaccessibility of the funds in question...that time is now.

“Sorry bros”

look far be it from me to suggest that crypto's uniquely insane weaknesses to scamming means that it is uniquely attractive to scammers but

might try to get in touch with this dude via Ouija board later today

https://pics.me.me/john-cena-laughing-19985692.png

is p much how I feel about that

good lord

ive a fella works beside me keeps telling me his e-purse is worth 3 million spends the rest of his time complaining he cant get a loan to cover his kitchen extension