Bitcoin news!

[AtW]

It doesn't cost him anything as he never sells at a loss.

But he claims to pay “premium” for maintaining his “short”, like the big boys did in the movie “Big Short”

[DealorNoDeal]

bitcoin up 0.3%
scooty is loss today -0.9% of $200k = $1800

Not that it makes much odds but he's actually shorting Ethereum (not btc).

Looks like he opened the position on 25 Jun when ether was about $187, and then added to it a few days later when it was $185.

Current price is about $192, so assuming average entry price of $186, ether is up about 3%. Which means the 3x short must be down about 10%.

You get a simple chart of ether by googling "ethereum price".

[AtW]

It’s much more likely he is snorting Coke

[Old Greg]

It’s much more likely he is snorting Coke

Cherry or vanilla?

[Old Greg]

Not that it makes much odds but he's actually shorting Ethereum (not btc).

Looks like he opened the position on 25 Jun when ether was about $187, and then added to it a few days later when it was $185.

Current price is about $192, so assuming average entry price of $186, ether is up about 3%. Which means the 3x short must be down about 10%.

You get a simple chart of ether by googling "ethereum price".

It's worse that coke!

The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. And I knew we'd get into that rotten stuff pretty soon. Probably at the next gas station.

― Hunter S. Thompson, Fear and Loathing in Las Vegas

[AtW]

Cherry or vanilla?

Mule

[scooterscot]

The main thing in Big Short was the one you failed to learn - when you guess it right the banks will try to feck you up, and your position isn’t even managed by somebody big enough like Goldman.

btw - reports are that there is renewed demand for GPUs for tulipmining, you know what that means...

Watch this, Princess of the Yen. Japan 1985 - 1990. Carbon copy of what the FED and BOE to an extent is doing today with confetti money creation. Rumour is, just like then, the FED is buying gold now with new money creation. Can you imagine, create a digital money from nowhere and exchange it for a real asset
At that point Bitcoin is of more value than the dollar, supply is capped.

[scooterscot]

Please post daily how much it costs you

£234,342,234

[scooterscot]

bitcoin up 0.3%
scooty is loss today -0.9% of $200k = $1800

[jamesbrown]

Rumour

There are lots of those among caravan owning, backwoods dwelling, cretincoin speculating, conspiracy theorist types.