Bitcoin
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- zaq1
" I have all the time in the world
To make you mine .. "now has entirely new meaning for me
- AQUTE2
... or america is fukt
- Even if you are invested in BTC, pray for this not to happendrgs
- it cant happen, u have build tons of nucelear power plants to scale up crypto... its only horsesh.t propagand for uneducadet yogels who cant think three stepsneverscared
- beyond the obvious...neverscared
- drgs2
Up?
- nb5
I'm up about 20445% career-wise. That's not a typo.
Sheesh. Unfortunately I invested so little that I got basically nothing out of it. If only I had sold a couple things around the house to invest more. *cry*
- Or you could have a cup of tea and go about your day without regrets for events you have no control over.jonny_quest_lives
- What is it they say about planting trees? The best time to plant one is ten years ago, the second best time is nowscarabin
- That phrase doesn’t apply to buying cryptonb
- why not?ridg0026
- because that's the qbn narrative since BTC was a few dollars.inteliboy
- Because the second best time was 9 years agonb
- If you're still holding bitcoin you're up nothing because your have no idea what price you'd get if you ever attempted to sell. ...comicsans
- Out of all these "I've made x000%" stories I've never heard of anyone who claimed to have that "profit" in a bank account.comicsans
- 80-90% v of trades in crypto is tether
there's very little actual liquidity, nobody can cash out millions lol
but yeah "I'm up 98724873%, your poor!" rrrightgrafician
- drgs6
- The kid don't play
If there was a problem
Yo, I'll solve it
Check out the hook while my DJ revolves itutopian - Those certainly are numbersscarabin
- Spectrogram of burrito to fartgarbage
- I appreciate these charts.inteliboy
- what would an ecology friendly person do?neverscared
- buy buy for the bye bye to your boss. Just layer out over xmas.shapesalad
- BTC proving once more it's only good for speculation lolgrafician
- Has always been. Even if all of crypto was to crash some day, an alternative will be inventeddrgs
- Really doubt that. Fed and Govs move with a delay, but when they cut, it's all over.
But hey at least you'll have China's digital coins to "invest" ingrafician
- The kid don't play
- zaq-1
8 years ago, this guy put all his life savings of $50k into Bitcoin. Today that's $30 million
- I'm 50% sure he sold it at some point and he's fucking bitter as fuck********
- or maybe lost the keys :)zaq
- source of evidence = reddit = must be legit.shapesalad
- I'm 50% sure he sold it at some point and he's fucking bitter as fuck
- drgs0
So this is it? We went up because of a stupid 69 meme?
- neverscared1
Spanish police are investigating an alleged violent robbery in which millions of Euros' worth of Bitcoin were stolen from a tech entrepreneur at his home in Madrid.
The victim is reported to have been Zaryn Dentzel, co-founder of Tuenti, the Spanish social network-turned communications company now owned by Telefónica.
According to Spanish newspaper El País, which said it has confirmed details of the story with police, Dentzel, 38, was at his home on Tuesday afternoon when his doorbell rang
- section_0143
Maybe I'm just too naive when it comes to cryptocurrency, but are all of these coins anything beyond a bizzaro forex trading platform whose movements are based on memes and twitter posts (or, most likely, based on nothing)?
I know that bitcoin and the like were originally touted as a "decentralized currency", but considering the volatility, how the hell are you supposed to use it for regular commerce in place of the US dollar or euros or whatever?
Just looking at last years charts, if you bought inventory for your widget store in April, you'd have to double prices in July to keep in line with price fluctuation. Which would probably put most businesses out of business.
So, assume that I'm not interested in trading coins to make a buck, or buying shit on the black market. Why would I buy bitcoins to use for regular transactions?
- You wouldn't. It's all a scam.grafician
- I remember people in 1995 asking why anyone would need the internet.Milan
- ah yes, the famous cryptobros comparison between one of the most useful inventions in history and one of the most uselessgrafician
- With internet that question was resolved rather immediately. For bitcoin its still open after 12 years.drgs
- When you compare 1btc against the dollar, you are only looking at it from one direction - that btc has gone up. Perhaps look the other way...shapesalad
- ...the the FED and other CB's have printed incredible unimaginable amounts of Fiat. Increase supply = lower unit price. Dollar has sunk.shapesalad
- Bitcoin has a known limited supply. The fluctuations will calm out over time, the more 1btc cost the more it takes to move price, the hard that becomes.shapesalad
- So to protect yourself from inflation you invest in ponzis? Amazinggrafician
- Also bitcoin is now heuristically seen as a Gold equivalent. A hedging tool. Not a commonly used currency. That all be SOL or ETH or some such.shapesalad
- Seen by whom? turkish lira is like 9 against the dollar - real world case of high inflation, while solana is 200?!
Explain thatgrafician - to be clear, calculating inflation based on a finite supply "currency" versus the dollar then calling the dollar weak is peak moran crypto bros logicgrafician
- You definitely shouldn't be buying crypto for "regular transactions" if you live in the states. It's insane.nb
- comparing with the internet ...lol...neverscared
- nb4
@section_014
The pro-crypto thinking is that eventually Bitcoin would become so widely used that it would inherently become stable. This could be possible but not without making early adopters like WILDLY wealthy. So the pro-crypto crowd wants this to happen and think it will and doesn't mind the idea of getting hella rich.
The catch-22 is that BTC billionaires and megamillionaires will need to distribute a ton of their wealth in order to make BTC used by the masses. This would stabilize and maybe get us to a place of BTC as a real currency, but then they won't be rich.
It's a game of last-man-standing. Or, it would be if they weren't all hoarding the wealth.
Also, in order for BTC to replace something like the USD, you have to get around the people who benefit from the USD being the global reserve currency. Turns out this is not so easy because a lot of powerful people are invested in USD. The IRS considers every single BTC payment to be taxable event! I mean, you think that's an accident? They're fighting to keep it away from the mainstream.
Now people will tell you that disruptive technologies always win in the end, but that's only because they're ignoring the mass of disruptive technologies that fizzled out. It's the swimmers' body fallacy.
- But hey, regardless of what I say, you would be nuts not to invest a little money in BTC. There are years and years worth of gains to be madenb
- people keep thinking bitcoin and crypto in general as a 'currency'. Like youre going to go buy a cup of coffee with it.inteliboy
- Rather, it's a technology with a ton of uses (most so far is Ponzi bullshit) But theres already Defi products out there that put conventional banks to shame.inteliboy
- Thank you for the detailed reply!section_014
- GuyFawkes0
so over the weekend someone hacked one of my companies WP sites and installed a bitcoin miner thing in it, the head of my department fixed it right away but he said as soon as he was on the site his PC fans just went wild.
Crazy, I had no idea that was a thing.
- shapesalad0
- lol not really Peterson's fieldnb
- Ammous is good, he is talking on his level.sted
- Not Peterson's field as opposed to what?palimpsest
- His field is psychology?jagara
- LOLpalimpsest
- shapesalad1
Mt. Gox story... fascinating:
- also a good top up opportunity this week then.shapesalad
- neverscared1
everybody has to pay tax now . like till backward to the 21.2.2021 who started with bitcoin in austria...
now they coiners are losing their shit... and starting petition and stuff .... flipping hillarious.
- neverscared0
The SEC Crackdown on DeFi is Imminent
“Projects that reward participants with valuable digital tokens or similar incentives could cross a line into activity that should be regulated, no matter how decentralized they say they are.” – Gary Gensler, August 2021
- yeah but crypto is global and sec is usa jurisdiction only. it's not like DEFI = bank of america. It's ok they saying this and that, but they're dealing withshapesalad
- decentralised, networked entities, that exist not in one central location, but across a scatter set of nodes around the world.shapesalad
- and once out of the tube... there's no way to get the toothpaste back in.shapesalad
- All Sec can do is manage the in and out points of use citizens. EG payment/bank deposit / with drawls... but once they do that, then no one can buy btc etc.shapesalad
- because if they stopped people buying uniswap tokens, i could buy btc, then out of sec's remit, convert to something sec don't want me to have.shapesalad
- the better strategy to take is to say yes to all things crypto, and adopt it as quickly as possible.shapesalad
- hail crypto right lol sound retarted .... exactly they are coming for u... also the rest of the world will follow of course.... except salvador.neverscared
- thats why the austrian coiners are already whining like babies.. coz the government put out new crypto laws.neverscared
- Read about a new "exit" scam or hack in DeFi space weekly!
It's like giving money to Trump and expecting him to give you 10-100% ROI in a bit lolgrafician - @neverscared and @graf: you should try it. throw 20$ into crypto, forget it for a year and check what happens.uan
- i know what happens. lots of co2 to give children asthma and a triple in amount of money when u buy eth... not worth it say. except u are a dumb greedy mofo,neverscared
- i even bought some eth beginning of the year because i got sucked into the nft hype shortly.... whas a lousy decision havin blood on my hands.neverscared
- i donated the benefits to eco friendly organistion to make up for it of course, not like a second house like _me_ that greed driven boy.neverscared
- i also get it why u are so inviting... u need exponenntial growth to keep the ponzi shitshow running...neverscared
- ok, I get it. neverscared is also a bobobot account.uan
- i think u are a bobobot accountneverscared
- So USA FED $ isn't a ponzi scheme? Literally they type numbers on a computer, M1, M2 money... then print some paper things. At least BTC requires energy.shapesalad
- konik0
this seems like a healthy place to have this conversation over yayhooray.com
- neverscared2
US government seizes $56 million in crypto from BitConnect’s ‘number one promoter’
https://www.theverge.com/2021/11…
who is next ? line them up nuts to butts ... ;)
- drgs1
140 000 stolen BTC are being returned to their owners. Last time they held BTC, the price was <1000 USD.
Sell Pressure From 150K Mt.Gox BTC Could Tank Bitcoin Over 90%, Crypto Analyst Says
https://www.benzinga.com/markets…
https://www.fxstreet.com/cryptoc…
Discuss
- yep.. buy the dip. and someone help those bears.shapesalad
- Whoa sick if true. Congrats to those Mt.Gox peeps.NBQ00
- Dat gif doeGuyFawkes
