/biz/ - Business & Finance

Mini BTC whale here. How im supposed to dump shitcoins once they hit Poloniex?

Let's say I buy a shitcoin with some potential to get hyped like Trumpcoin before it hits Poloniex. I buy 1 BTC out of it. 166666 TRUMP at current exchange rate (600 sats)

So I get my 166666 TRUMP, ready to get pumped onto greater fools once it hits Poloniex.

I've seen tons of coins get introduced to the big exchanges and I have seen them crash instantly to never recover again (or do it like a year later in a random flash P&D)

Anyway, my question is: What guarantees that I can sell all those 166666 TRUMP at a good price? Nothing, there may not be enough people interested to buy at my selling order, which means the selling order never goes through and im left behind with a bunch of unsold TRUMP because people are selling them for way less money than I expected to get.

It's such a fucking gamble trying to take a big dump on low volume coins.

>>1174721
>>1174722
Cope

https://www.youtube.com/watch?v=XbZ8zDpX2Mg

>2016
>he owns 0 BTC
lmao

>>1164460
>>1164486
>>1164488
cope like the pope

>>1136310
Jesus Christ. How many times can a nocoiner miss the boat? I wonder who will be the idiot number 100th.

>>1031478
>all this cope
>banderas.gif

Even old people get it now (00:43)
http://www.bloomberg.com/news/videos/2016-01-06/marc-faber-we-have-colossal-credit-bubble-in-china

It's time to stop coping coping, and start buying. Calling it a meme no longer works :(

>2016
>20 fucking 16
>still not owning 21 BTC to edge against the collapsing perpetual debt memesystem and other memestocks and end up filthy rich thanks to holding through the storm
>already making massive gains and IT HASN'T EVEN BEGUN YET (screencap this, maggots)

Even legitimate OLD people are starting to stop coping and dealing with the objective facts of life (00:43)

http://www.bloomberg.com/news/videos/2016-01-06/marc-faber-we-have-colossal-credit-bubble-in-china

Nocoiners coping in 3, 2, 1 ...

Meanwhile i've been on the greens thanks to Bitcoin. Fucking C U C K S lol.

>>1007477
>muh real money cope
>>1007481
So nextgen that it will be run under the Bitcoin blockchain as a 2way pegged sidechain. Stop trying to come up with excuses to have your own token.

>>1005933
cope

>>1004678
cope

>>1001537
>>1001624
>>1001575
Cope.

It's time we had the same thing for money. With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless.

One of the fundamental building blocks for such a system is digital signatures. A digital coin contains the public key of its owner. To transfer it, the owner signs the coin together with the public key of the next owner. Anyone can check the signatures to verify the chain of ownership. It works well to secure ownership, but leaves one big problem unsolved: double-spending. Any owner could try to re-spend an already spent coin by signing it again to another owner. The usual solution is for a trusted company with a central database to check for double-spending, but that just gets back to the trust model. In its central position, the company can override the users, and the fees needed to support the company make micropayments impractical.

Bitcoin's solution is to use a peer-to-peer network to check for double-spending. In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle. For details on how it works, see the design paper at http://www.bitcoin.org/bitcoin.pdf

The result is a distributed system with no single point of failure. Users hold the crypto keys to their own money and transact directly with each other, with the help of the P2P network to check for double-spending.

>>1000874
cope

>>1000477
>bitcoin
sweet nocoiner cope

>>998662
Guess who know about the internet back then: Most people. Guess who used the internet back then: Geeks.

Also people will use Bitcoin even when they aren't using Bitcoin.

All blockchains that aren't Bitcoin's blockchain are a meme:

http://coinjournal.net/visa-europe-collab-epiphyte-blockchain-interview/

>Bitcoin will likely play a role in the future and other blockchains have to be considered “at this point vapourware.”

Even in the industry some are starting to get it.

Anything that's interesting the altcoin world will get assimilated by Bitcoin's blockchain thanks to sidechains (see Rootstock).

Altcoins, as in alternative tokens that aren't BTC, are a cope.

>>996142
>>996343
cope

Nocoiners on silence watch.