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Shinmera
Mar 25, 2013

I make games!

Where's ghost titty to post more insane graphs

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Deep Glove Bruno
Sep 4, 2015

yung swamp thang
have not left my apartment in weeks. squalor unimagined by the normies. i chuckle, unsmiling. meat space.

i see slurp juice everywhere. every surface in my home, every pore in my body, saturated.

i envision the future: a great flood of slurp juice across the land, washing away FUDers and nocoiners. modifying all apes to become rarer. more valuable.

we accept slurp juice in our lungs. new atlanteans.

from the smell neighbors suspect my death. the cops break down the door.

UV light investigation reveals slurp juice patterns unthinkable to trad-fi poors.

i breathe slurp juice. my apes multiply bountifully. my body dies. web 3.0. have fun staying poor

The Rabbi T. White
Jul 17, 2008





Shinmera posted:

Where's ghost titty to post more insane graphs

Collateral Damage posted:

I love Bitcoin Twitter turning themselves into pretzels trying to rationalize how this is Good For Bitcoin, Actually.

https://twitter.com/AurelienOhayon/status/1536737464622141441

That’s close e-loving-nough. That’s probably his Twitter account.

Darth TNT
Sep 20, 2013

But what are you buying if no one is selling?

Elerion
May 31, 2011
Of all the dumb posts that's not the worst. That's simply contrarian investment, buying when everyone's panicing. Buffet famously said to be "fearful when others are greedy, and greedy when others are fearful".

The problem is that normally that investment strategy works because markets have a tendency to overestimate the effect of bad news on underlying value and vice versa, so in theory you are buying future cash flows at a discount. In crypto there is no/minimal underlying value so it can never really be "overvalued" or "undervalued", it's just a play on market sentiment. There's no equilibrium for the price to return to eventually. The crypto bull market probably will return, but it's completely arbitrary whether that happens at BTC $100 or $20k.

Vincent Van Goatse
Nov 8, 2006

Enjoy every sandwich.

Smellrose
wow, a couple minutes ago it was still 21something, now it's 20531.77

looks like 20k is back on the menu, boys

Minorkos
Feb 20, 2010

im glad i may be able to buy a reasonably priced gpu this year. thats all i had to say god bless

Vincent Van Goatse
Nov 8, 2006

Enjoy every sandwich.

Smellrose
20394.45

come on, number go down

CAT INTERCEPTOR
Nov 9, 2004

Basically a male Margaret Thatcher
Support at 20K is looking real. This could take a while to break

Vincent Van Goatse
Nov 8, 2006

Enjoy every sandwich.

Smellrose

CAT INTERCEPTOR posted:

Support at 20K is looking real. This could take a while to break

about an hour ago it plunged to 20103.31

it's happening

CAT INTERCEPTOR
Nov 9, 2004

Basically a male Margaret Thatcher

Vincent Van Goatse posted:

about an hour ago it plunged to 20103.31

it's happening

Oh it's prolly will, just not within the next few hours. I kinda think the next interest rate rise announcement due today(?) will set off the dive.

Random Stranger
Nov 27, 2009



CaptainSarcastic posted:

I'm hoping when I get up tomorrow it has gotten into the teens. :pray:

Something every bitcoin investor says, but in a completely different context..

Mr Teatime
Apr 7, 2009

Random Stranger posted:

Something every bitcoin investor says, but in a completely different context..

I thought crypto people generally start to lose interest when the teens hit. 🤔

WalletBeef
Jun 11, 2005

'THE DOLLAR IS A PONZI !!! THE DOLLAR IS A PONZI!!!' I scream to myself as my entire life's savings slowly evaporates before my eyes.

Vincent Van Goatse
Nov 8, 2006

Enjoy every sandwich.

Smellrose

WalletBeef posted:

'THE DOLLAR IS A PONZI !!! THE DOLLAR IS A PONZI!!!' I scream to myself as my entire life's savings slowly evaporates before my eyes.

still love hodl

hotdog feet
Nov 3, 2005
Going to buy a breakfast sandwich with my fiat currency

Elerion
May 31, 2011
Breakfast is a ponzi!

Scratch Monkey
Oct 25, 2010

👰Proč bychom se netěšili🥰když nám Pán Bůh🙌🏻zdraví dá💪?

hotdog feet posted:

Going to buy a breakfast sandwich with my fiat currency

Have fun being full

Beached Whale
Jun 27, 2009

The world as will and idea
Has anyone checked on Seraph

Paladinus
Jan 11, 2014

heyHEYYYY!!!

hotdog feet posted:

Going to buy a breakfast sandwich with my fiat currency

Do you have any coffee tokens?

Doccykins
Feb 21, 2006

WalletBeef posted:

'THE DOLLAR IS A PONZI !!! THE DOLLAR IS A PONZI!!!' I scream to myself as my entire life's savings slowly evaporates before my eyes.

this is all happening because of INFLATION on the FIAT DOLLAR!!

bitcoin solves this

Mooseontheloose
May 13, 2003

WalletBeef posted:

'THE DOLLAR IS A PONZI !!! THE DOLLAR IS A PONZI!!!' I scream to myself as my entire life's savings slowly evaporates before my eyes.

Hey these coiners can now show us the value the coins held.






Because it will be worth nothing you see.

fish and chips and dip
Feb 17, 2010
It's crept back above 21k now, guess we'll have to wait a lil'bit longer then.

Dial A For Awesome
May 23, 2009

hotdog feet posted:

Going to buy a breakfast sandwich with my fiat currency

Not gonna make it (because Subway will make the sandwich for you).

There Bias Two
Jan 13, 2009
I'm not a good person

It looks like the huge push to get it over 21K this morning is starting to falter again.

Edit: spoke too soon :(

There Bias Two fucked around with this message at 13:20 on Jun 15, 2022

Lazyfire
Feb 4, 2006

God saves. Satan Invests

The 1 BTC = 1 BTC posts have returned. They're panicking.

Paladinus
Jan 11, 2014

heyHEYYYY!!!
What if I told you 1 BTC = 2 BTC?

Hello, I'm EIon Musк. You may remember me from floki elon coin and baby elon NFTs.

ynohtna
Feb 16, 2007

backwoods compatible
Illegal Hen
https://www.youtube.com/watch?v=d1gYJDQXPOk

Nowher
Nov 29, 2019

pack your bags
Really enjoying getting in on this Bitcoin disaster bandwagon. Burn it all to the ground.


:lmao: that Y scale.

Cowcaster
Aug 7, 2002



the highest peak during the 2017 bubble was right around 21k, right? have we dipped past that yet?

Cyrano4747
Sep 25, 2006

Yes, I know I'm old, get off my fucking lawn so I can yell at these clouds.

Nowher posted:

Really enjoying getting in on this Bitcoin disaster bandwagon. Burn it all to the ground.


:lmao: that Y scale.

Here's basically the same graph without the crazypants y axis (I asume that's log scaled)





So yeah, if I bought after Matt Damon told me to not be a coward and jump in I'd be feeling pretty poo poo too.

Collateral Damage
Jun 13, 2009

Coiners love exponential (or is it logarithmic?) y scales.

Collateral Damage fucked around with this message at 13:39 on Jun 15, 2022

NLJP
Aug 26, 2004


Edit: eh, fat jokes aren't the thing these days imo

Tarquinn
Jul 3, 2007


I know I’ve made some very poor decisions recently, but I can give you
my complete assurance that my work will be back to normal.
Hell Gem

chadbear posted:



Rainbow chart still says BUY! but we're rapidly approaching Basically a Fire Sale territory

Ah, yes. A rainbow curve. How fitting.

Tell me crypto-geniuses; what does the other half of every loving rainbow that ever existed look like?

Jean-Paul Shartre
Jan 16, 2015

this sentence no verb


Tarquinn posted:

Ah, yes. A rainbow curve. How fitting.

Tell me crypto-geniuses; what does the other half of every loving rainbow that ever existed look like?

There's a pot of gold at the end, of course.

WalletBeef
Jun 11, 2005

Kinda funny that bitcoin began its surge past 6k right around the time the federal reserve slashed interest rates to almost nothing, right around March 2020.

All that inflation is coming home to roost and the fed is signaling that it's going to aggressively raise rates. We are definitely on track for another .5% increase this month. .5% is huge when the previous rate was basically .5%.

What I'm trying to say is that this is good for bitcoin.

LifeSunDeath
Jan 4, 2007

still gay rights and smoke weed every day

Deep Glove Bruno posted:

have not left my apartment in weeks. squalor unimagined by the normies. i chuckle, unsmiling. meat space.

i see slurp juice everywhere. every surface in my home, every pore in my body, saturated.

i envision the future: a great flood of slurp juice across the land, washing away FUDers and nocoiners. modifying all apes to become rarer. more valuable.

we accept slurp juice in our lungs. new atlanteans.

from the smell neighbors suspect my death. the cops break down the door.

UV light investigation reveals slurp juice patterns unthinkable to trad-fi poors.

i breathe slurp juice. my apes multiply bountifully. my body dies. web 3.0. have fun staying poor

Excellent post, what a ride.

Tarquinn
Jul 3, 2007


I know I’ve made some very poor decisions recently, but I can give you
my complete assurance that my work will be back to normal.
Hell Gem

JohnCompany posted:

There's a pot of gold at the end, of course.

drat, beaten by FACTS and LOGIC. :eng99:

LifeSunDeath
Jan 4, 2007

still gay rights and smoke weed every day

Scratch Monkey posted:

Have fun being full

loving LOL

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busalover
Sep 12, 2020
Didn't it drop from its highest peak right after Musk sold a bunch of coins? So maybe Elon is all to blame.

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