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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,884
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Coinbase suspends trading
Crypto currencies are crashing.
Gee, why am I not surprised? Why oh why do people fall for Ponzi schemes? It's not like they are a new thing.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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12-22-2017, 12:08 PM
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Burn the fire.
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Source for your hyperbole?
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[x] Working | [_] Broken: 2017 Victory Octane [x] Working | [_] Broken: 2005 Ram 1500 SLT w/5.7L Hemi "Drive it like you stole it." |
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12-22-2017, 12:21 PM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,884
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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12-22-2017, 12:32 PM
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Functionista
Join Date: Jul 2011
Location: CO
Posts: 7,717
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Uhh.... because its all over the web in the news?
Just a guess.
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Jeff 74 911, #3 I do not disbelieve in anything. I start from the premise that everything is true until proved false. Everything is possible. |
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12-22-2017, 12:32 PM
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Dog-faced pony soldier
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I heard Mustangs have been crashing too.
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A car, a 911, a motorbike and a few surfboards Black Cars Matter |
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12-22-2017, 12:52 PM
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Dog-faced pony soldier
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A car, a 911, a motorbike and a few surfboards Black Cars Matter |
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12-22-2017, 01:02 PM
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Information Junky
Join Date: Mar 2001
Location: an island, upper left coast, USA
Posts: 73,167
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Quote:
 Q: why do people fall for Ponzi schemes? A: because they pay off at a certain velocity. (just before they hit the wall at speed)
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Everyone you meet knows something you don't. - - - and a whole bunch of crap that is wrong. Disclaimer: the above was 2¢ worth. More information is available as my professional opinion, which is provided for an exorbitant fee. 
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12-22-2017, 01:07 PM
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Banned
Join Date: Apr 2005
Location: Columbus, OH
Posts: 18,240
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Quote:
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12-22-2017, 01:17 PM
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Too big to fail
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Quote:
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"You go to the track with the Porsche you have, not the Porsche you wish you had." '03 E46 M3 '57 356A Various VWs |
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12-22-2017, 01:18 PM
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Super Moderator
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The issue lays in the way transactions are confirmed currently. It also takes mining power to confirm transactions. The network was overloaded. My last payout from a mining pool took nearly 16 hours.
That said- there are other exchanges. Additionally if you had a ton of money riding on it, you can pay a higher fee for direct and immediate confirmation. That said - if you're in this with pure timing in mind - you better REALLY know what you're doing and have backup plans. I have a feeling a number of small speculators lost some real dough in the last few days. It went from almost $20k down to a low of $11k today. Then it looks like more bargain hunters drove it back up to 14/15. The real issue with "the bubble" is that its sucking in people who have no business playing in the realm of 'high-finance. '
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Chris ---------------------------------------------- 1996 993 RS Replica 2023 KTM 890 Adventure R 1971 Norton 750 Commando Alcon Brake Kits |
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12-22-2017, 06:01 PM
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Super Moderator
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The lesson to be learned is that you shouldn't keep any money you're not willing to lose on an exchange. ..me personally - it gets turned into greenbacks. Stable currency is good currency.
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Chris ---------------------------------------------- 1996 993 RS Replica 2023 KTM 890 Adventure R 1971 Norton 750 Commando Alcon Brake Kits |
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12-22-2017, 06:03 PM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,884
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The lesson to be learned is to never invest in something you don't understand. I've never seen or heard anything that gives me a full understanding of bitcoin.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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12-22-2017, 06:22 PM
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Registered
Join Date: Aug 2014
Posts: 401
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Dreamers will dream
https://m.youtube.com/watch?v=UG7zLhEWanc&feature=youtu.be |
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12-22-2017, 06:28 PM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,884
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LOL! That explains it...
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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12-22-2017, 06:37 PM
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Almost Banned Once
Join Date: Feb 2009
Location: Adelaide South Australia
Posts: 38,928
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Quote:
 https://en.wikipedia.org/wiki/Bitcoin
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- Peter |
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12-22-2017, 06:53 PM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,884
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Quote:
__________________
"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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12-22-2017, 06:59 PM
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Almost Banned Once
Join Date: Feb 2009
Location: Adelaide South Australia
Posts: 38,928
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This is interesting but again you need to understand Bitcoin.
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- Peter |
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12-22-2017, 07:19 PM
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Banned
Join Date: Apr 2002
Posts: 31,037
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Quote:
1s and 0s just represent the stability that backs them. I don't trust them one bit
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12-23-2017, 02:22 AM
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2017 Victory Octane
2005 Dodge Ram 1500 SLT
1970 Porsche 911 S 
