Indeed, I've been sure to have spotted the top multiple times. Each time I sold a fraction, but fortunately kept some in case I was wrong. I don't have nearly as much profit as I could have had, but I'll certainly keep a healthy profit no matter what happens.
Do you know many average Joes buying $17000 future contracts?
No, these futures are to attract bigger capital. And if they succeed, we're in for one hell of a global economic crash when the bubble does burst. Imagine the hindsight on that one.
CBOE is introducing bitcoin futures tomorrow evening (opening of Tokyo markets Monday morning). Get some popcorn, it will be interesting to watch the crash.
There's just one tiny problem: to change the algorithm, you need a majority of the miners to agree. You know, those who just invested millions of dollars in ASICs. Good luck with that.
Maybe Bitcoin Cash could do it, though? Or a new fork?
Traffic flow studies show that traffic expands to clog the available capacity.
That's a myth. In the Netherlands, they've had traffic jams for decades between Rotterdam and Amsterdam because environmental lobbies kept saying that more lanes would only attract more traffic, Finally a right wing government decided to add more lanes anyway, and guess what? Drastically reduced traffic jams! Who would have thunk?
Perhaps Musk is from Mars, because people did something about it in the 19th century here on Earth - they're called underground metro systems. He should try riding one sometime.
It's unlikely to happen, but even if Boeing does beat SpaceX to Mars, I'm sure Elon won't mind one bit. His mission was to get mankind to colonize Mars. If Boeing does it, his mission will be accomplished. Without SpaceX, there wouldn't be nearly as much pressure on companies like Boeing to get there and the mission would keep getting postponed as it has been for decades.
Same for electric cars: of course he wants Tesla to win, but even if competitors drive Tesla out of business with better electric cars, his goal of accelerating the advent of electric cars will have been accomplished. He's actually encouraging other car makers to go electric.
Why did he start a tunnel boring company? Because he was sick and tired of being stuck in traffic and nobody was doing anything about it. He doesn't care if he makes money, he just wants to get rid of traffic jams.
Why would they have to buy BTC? People are not going to try and move their BTC out. If they sell, it's to someone else who's buying. The exchanges just pocket the transaction fees.
They may suspend trading temporarily due to built in circuit breakers to protect the market. But they're not going to lose money. (Except on paper, with all the BTC they are holding themselves).
They have in Idiocracy, but that's just a movie. Why would anyone want to sell a stock for zero and pay transaction fees to get nothing in return? Pennies, yes. Less than a penny, sure. But never zero.
Actually, CBOE is launching bitcoin futures next Sunday evening (Which is Monday morning for the Tokyo market). That will be the top of the bubble if it hasn't started to crash before then.
It will crash next Sunday. Or earlier. Definitely not later than Monday, trust me. CBOE is launching futures Sunday evening. What do you think the big boys are going to do with those? Go long or go short?
Tak tak tak tak tak tak tak........ wheeeeeeeeee!!!
I'm calling the top at no later than next Sunday evening, possibly sooner. CBOE launches futures, big boys go short, game over. Will be one hell of a ride down, possibly quicker than any major crash in history. Wild swings, too, day traders will make a killing if they're smart. I'm going to get some popcorn.
And even more exciting will be to see how much time it takes to learn a new game after having been trained on other games. I can totally see this experiment happen any day now.
It's only a matter of time (and not much time at all, I expect) before someone decides to train an AI on a range of board games together. Nothing very difficult about that, nothing fundamentally different, just a larger input space. It will be interesting to see how the different "algorithms" will end up sharing certain neural pathways between games while others will be specific to certain games.
Those who get into - and out of - a Ponzi scheme early generally profit from it.
Not just those who get in and out early. Also those who short it at the top.
Next Monday will be interesting, when CBOE launches bitcoin futures and the big guys can start playing for real. I wonder which way they're going to bet...
Also, I hear more and more stories about regular people borrowing to buy bitcoin. Looks like a perfect storm to me.
Not making any judgements on Bitcoin itself, by the way. Just the latest pricing action.
Slashdot Mirror
Indeed, I've been sure to have spotted the top multiple times. Each time I sold a fraction, but fortunately kept some in case I was wrong. I don't have nearly as much profit as I could have had, but I'll certainly keep a healthy profit no matter what happens.
Do you know many average Joes buying $17000 future contracts?
No, these futures are to attract bigger capital. And if they succeed, we're in for one hell of a global economic crash when the bubble does burst. Imagine the hindsight on that one.
If this iPhone behaviour can finally get Slashdot and other websites to support unicode, that's definitely a feature.
CBOE is introducing bitcoin futures tomorrow evening (opening of Tokyo markets Monday morning). Get some popcorn, it will be interesting to watch the crash.
Quite a few services already exist for that, just Google "lost bitcoin password'. Of course you have to trust them with your wallet...
There's just one tiny problem: to change the algorithm, you need a majority of the miners to agree. You know, those who just invested millions of dollars in ASICs. Good luck with that.
Maybe Bitcoin Cash could do it, though? Or a new fork?
Traffic flow studies show that traffic expands to clog the available capacity.
That's a myth. In the Netherlands, they've had traffic jams for decades between Rotterdam and Amsterdam because environmental lobbies kept saying that more lanes would only attract more traffic, Finally a right wing government decided to add more lanes anyway, and guess what? Drastically reduced traffic jams! Who would have thunk?
Perhaps Musk is from Mars, because people did something about it in the 19th century here on Earth - they're called underground metro systems. He should try riding one sometime.
From Hawthorne to LA?
It's unlikely to happen, but even if Boeing does beat SpaceX to Mars, I'm sure Elon won't mind one bit. His mission was to get mankind to colonize Mars. If Boeing does it, his mission will be accomplished. Without SpaceX, there wouldn't be nearly as much pressure on companies like Boeing to get there and the mission would keep getting postponed as it has been for decades.
Same for electric cars: of course he wants Tesla to win, but even if competitors drive Tesla out of business with better electric cars, his goal of accelerating the advent of electric cars will have been accomplished. He's actually encouraging other car makers to go electric.
Why did he start a tunnel boring company? Because he was sick and tired of being stuck in traffic and nobody was doing anything about it. He doesn't care if he makes money, he just wants to get rid of traffic jams.
Do you have any idea how much CO2 a mule produces?
Against their own diplomats?
Also, couldn't they just hang up a canopy with leaves above the launch site? Or even a giant picture of the empty launch site?
Yep, but it's exactly what happens near the top of a bubble, and it's happening now.
Why would they have to buy BTC? People are not going to try and move their BTC out. If they sell, it's to someone else who's buying. The exchanges just pocket the transaction fees.
They may suspend trading temporarily due to built in circuit breakers to protect the market. But they're not going to lose money. (Except on paper, with all the BTC they are holding themselves).
Stock prices have gone to zero before.
They have in Idiocracy, but that's just a movie. Why would anyone want to sell a stock for zero and pay transaction fees to get nothing in return? Pennies, yes. Less than a penny, sure. But never zero.
Actually, CBOE is launching bitcoin futures next Sunday evening (Which is Monday morning for the Tokyo market). That will be the top of the bubble if it hasn't started to crash before then.
3 months?
3 days will be more like it. No more than 4.
My biggest worry about this hype is that is kills cryptocurrencies completely, if BTC falls over.
maybe you haven't noticed, but the OPPOSITE is happening.
because it hasn't fallen over yet. Duh.
It will crash next Sunday. Or earlier. Definitely not later than Monday, trust me. CBOE is launching futures Sunday evening. What do you think the big boys are going to do with those? Go long or go short?
Tak tak tak tak tak tak tak........ wheeeeeeeeee!!!
I'm calling the top at no later than next Sunday evening, possibly sooner. CBOE launches futures, big boys go short, game over. Will be one hell of a ride down, possibly quicker than any major crash in history. Wild swings, too, day traders will make a killing if they're smart. I'm going to get some popcorn.
And even more exciting will be to see how much time it takes to learn a new game after having been trained on other games. I can totally see this experiment happen any day now.
It's only a matter of time (and not much time at all, I expect) before someone decides to train an AI on a range of board games together. Nothing very difficult about that, nothing fundamentally different, just a larger input space. It will be interesting to see how the different "algorithms" will end up sharing certain neural pathways between games while others will be specific to certain games.
Those who get into - and out of - a Ponzi scheme early generally profit from it.
Not just those who get in and out early. Also those who short it at the top.
Next Monday will be interesting, when CBOE launches bitcoin futures and the big guys can start playing for real. I wonder which way they're going to bet...
Also, I hear more and more stories about regular people borrowing to buy bitcoin. Looks like a perfect storm to me.
Not making any judgements on Bitcoin itself, by the way. Just the latest pricing action.
So you can play chess, go, and bunch of other games simultaneously against multiple grandmasters and win all of those games?
It's not a concept car, it's the original Tesla roadster, the first car Tesla ever made.