US capital building gets breached. Is this the end?

[budz2112]

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

It is funny, but also funny that we feel the same way about paper. Difference is counterfeit money is still alive and well, not sure if counterfeit BTC has been created yet, seems to be more secure.

The paper is regulated and given weight by a government

[Jimjam]

Originally Posted by budz2112 [You must be logged in to view images. Log in or Register.]

The paper is regulated and given weight by a government

How does the government give weight to the dollar?

[imperiouskitten]

Originally Posted by budz2112 [You must be logged in to view images. Log in or Register.]

Wow didnt think i could ever agree with thulian on anything, but yes people who think bitcoin is the future. LOL

bitcoin is absurd but it's gonna hit 100k at least

[budz2112]

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

bitcoin is absurd but it's gonna hit 100k at least

Maybe, im not saying it will go away anytime soon. But it will never be a solid and trustworthy currency

[magnetaress]

Are there any markets currently using bitcoin for realz? Like not just online gambling and stuff.

I think one of the limitations to bitcoin is that it's not accessible to people without electricity or access to hardware that can run a bitcoin miner, but that will change maybe one day. I think this is one reason it hasen't taken on? You can't take ur massive bitcoin investment overseas and develop some economy with it by building a business and creating jobs unless u transfer it to the local currency or USD.

[peterpal]

I wouldn't feel too smart about buying in the last few weeks after months of green. It's going to correct eventually and punish the greed with one big red elevator downstairs.

[imperiouskitten]

why should a person feel feel stupid about doubling their money in the last month? i won't lose money, it'z called stop loss orders. I'm a bitcoin skeptic, just not a partisan for it [You must be logged in to view images. Log in or Register.]

everyone should invest! why work to eat? such is suffering. multiply it. the rigged market is available to everyone, and it's the only way out of wage hell in USA

more than a little bitter i held hundreds of the things at $2/apiece in 2009 worth millions now and spent them on LSD but hey

[Knuckle]

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

why should a person feel feel stupid about doubling their money in the last month? i won't lose money, it'z called stop loss orders. I'm a bitcoin skeptic, just not a partisan for it [You must be logged in to view images. Log in or Register.]

everyone should invest! why work to eat? such is suffering. multiply it. the rigged market is available to everyone, and it's the only way out of wage hell in USA

more than a little bitter i held hundreds of the things at $2/apiece in 2009 worth millions now and spent them on LSD but hey

don't stop loss orders only work if there are buyers at that price point? I think depending on your volume you could theoretically drop multiple tiers unless there is some sort of guarantee outside of a random buyer agreeing at X number during a dip.

I pulled out my BTC over the summer after holding for quite a few years for a tidy sum, did not predict the shitshow of the last 2 months making people leap at dollar alternatives for diversification during political instability.

[peterpal]

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

don't stop loss orders only work if there are buyers at that price point? I think depending on your volume you could theoretically drop multiple tiers unless there is some sort of guarantee outside of a random buyer agreeing at X number during a dip.

Depends how you set it up. A market stop loss would sell generally sell at that price minus some minor slippage. Shouldn't be a big problem unless your particular exchange/broker has low liquidity or you're trading absurdly large amounts of money.

[cd288]

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

Depends how you set it up. A market stop loss would sell generally sell at that price minus some minor slippage. Shouldn't be a big problem unless your particular exchange/broker has low liquidity or you're trading absurdly large amounts of money.

This. Now, if there's a complete sell off then your stop loss order is essentially worthless since no one will likely buy a stock that is totally cratering in real time. However, for most situations you shouldn't slip too far past your loss order.