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Shwqa
Feb 13, 2012

Ups_rail posted:

So I was able to dig up that wallet.dat file from my old laptop.

I had 0.060289 bitcoins in it


So what should I do?

I think that is like $348. Sell it before it becomes worthless.

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Minimalist Program
Aug 14, 2010
It's really funny that bitcoin is crashing.

Themage
Jul 21, 2010

by Nyc_Tattoo

Uranium 235 posted:

if you keep saying it then eventually it will come true

looks like it did

AARO
Mar 9, 2005

by Lowtax
Roger Ver just sent 25k btc to bitfinex

https://www.reddit.com/r/Bitcoin/comments/7cefom/roger_ver_just_sent_25k_btc_to_bitfinex/

Toys For Ass Bum
Feb 1, 2015

up to 165,000 unconfirmed transactions

divabot
Jun 17, 2015

A polite little mouse!
all of this is actually good news for bitcoin

Toys For Ass Bum
Feb 1, 2015

https://fork.lol/pow/hashrate

:laffo:

All the Bitcoin farms are switching over their equipment from BTC to BCH (bitcoin cash)

Toys For Ass Bum fucked around with this message at 14:33 on Nov 12, 2017

Ups_rail
Dec 8, 2006

by Fluffdaddy

Shwqa posted:

I think that is like $348. Sell it before it becomes worthless.

lol it was/is always worthless.

gary oldmans diary
Sep 26, 2005

Ups_rail posted:

lol it was/is always worthless.
whereas normal money represents useful or desirable work that someone must have done to acquire it bitcoin represents wasted electricity & wrecked graphics cards resold on ebay as "gently used"
being worthless would be an improvement over representing waste

Ups_rail
Dec 8, 2006

by Fluffdaddy
i just wonder how many people have OD during the up up up climb of bitcoin...i assume you can still trade them for drugs

AARO
Mar 9, 2005

by Lowtax
BCH mining difficulty going up in about 2:30 hours. I wonder what will happen then. All the miners could come back to BTC making those unconfirmed tx go away and BCH could tank. Or maybe a lot of the unconfirmed TX are people looking to sell their BTC.

It'd be an interesting scenario if both btc and bch crashed. I could possibly see ETH going sky high if that happened.

Minimalist Program
Aug 14, 2010

AARO posted:

BCH mining difficulty going up in about 2:30 hours. I wonder what will happen then. All the miners could come back to BTC making those unconfirmed tx go away and BCH could tank. Or maybe a lot of the unconfirmed TX are people looking to sell their BTC.

It'd be an interesting scenario if both btc and bch crashed. I could possibly see ETH going sky high if that happened.

That settles it; I'm buying 10.000 dollars worth of ETH (what is that?) right now!!

COMRADES
Apr 3, 2017

by LITERALLY AN ADMIN

Toys For rear end Bum posted:

So basically
Bitcoin is plummeting
Bitcoin Cash is shooting up
https://coinmarketcap.com/currencies/bitcoin-cash/
https://www.cnbc.com/2017/11/10/bitcoin-falls-after-developers-call-off-segwit2x-bitcoin-cash-surges.html
So all the miners are switching over, and it's ratfucking peoples ability to make Bitcoin transactions?

So basically the things that Ham Sandwiches was vehemently denying could possibly happen are happening. lol.

Ham Sandwiches
Jul 7, 2000

COMRADES posted:

So basically the things that Ham Sandwiches was vehemently denying could possibly happen are happening. lol.

The weirdest thing is watching the way stuff gets made up in this thread. Let's revisit my stance:
"Bitcoins are not a scam, trade them if you want"

<buttcoin crew>
"Ah he's saying they can only go up, lmao"

Remember folks, when the price of bitcoin goes up, its a scam and its a speculative bubble. Plenty of charts lately to enjoy ;) When the price of bitcoin goes down, its a scam and its crashing down. When one points out that its a speculative, volatile currency, well, apparently the inherent volatility is a sign of it being a scam too.

Summary version:
bitcoin goes up = "bitcoin faithful bubble lmao it can only go up lmao" <posts charts of gains>
bitcoin goes down = "ahahaha its crashing just like we predicted"

I find this remarkably dumb, are you guys this dumb or just doing it for effect?? I'm expecting the latter just curious here.

COMRADES
Apr 3, 2017

by LITERALLY AN ADMIN
You were saying that I and several others were, and I'm paraphrasing here, totally wrong and bad posters who are stopping people from achieving massive wealth by not investing in BTC now now now which can only go up up up. Also we talked about the security of the exchanges and you said all the bad stuff has happened in the past, the miners do not have that much control, and everything is safe - well now a ton of BTC is 'frozen.'

Ham Sandwiches posted:

The weirdest thing is watching the way stuff gets made up in this thread. Let's revisit my stance:
"Bitcoins are not a scam, trade them if you want"

<buttcoin crew>
"Ah he's saying they can only go up, lmao"

Oh come off it I don't even need to pick through the post history for everyone itt to know you're full of poo poo on this. I will anyway because I'm me but lol.

Ham Sandwiches posted:

I'm just laughing at people making predictions that are utter garbage but feel the need to keep making them. Bitcoin is gonna collapse, the exchanges are gonna fail, the same dudes repeating it at 1200, 2500, 5000, and now 6000

COMRADES fucked around with this message at 20:04 on Nov 12, 2017

EorayMel
May 30, 2015

WE GET IT. YOU LOVE GUN JESUS. Toujours des fusils Bullpup Français.

Ham Sandwiches posted:

The weirdest thing is watching the way stuff gets made up in this thread. Let's revisit my stance:
"Bitcoins are not a scam, trade them if you want"

<buttcoin crew>
"Ah he's saying they can only go up, lmao"

Remember folks, when the price of bitcoin goes up, its a scam and its a speculative bubble. Plenty of charts lately to enjoy ;) When the price of bitcoin goes down, its a scam and its crashing down. When one points out that its a speculative, volatile currency, well, apparently the inherent volatility is a sign of it being a scam too.

Summary version:
bitcoin goes up = "bitcoin faithful bubble lmao it can only go up lmao" <posts charts of gains>
bitcoin goes down = "ahahaha its crashing just like we predicted"

I find this remarkably dumb, are you guys this dumb or just doing it for effect?? I'm expecting the latter just curious here.

How do you feel about Divabot making money from bitcoins via a book?

Ham Sandwiches
Jul 7, 2000

COMRADES posted:

You were saying that I and several others were, and I'm paraphrasing here, totally wrong and bad posters who are stopping people from achieving massive wealth by not investing in BTC now now now which can only go up up up.

No, this is made up crap that like a half dozen people started repeating. I never once made any claims as to the price of bitcoin. What I said was that for those that want to explore it, it's not a scam that is only used for drugs and money laundering and child porn. You won't get your bank account frozen if you try to cash out, and it's not impossible to cash out or use for regular things. That's pretty much the extent of what I've been saying.

My entire stance has been that anyone who called it a scam or called it a hoax / fraud / beanie baby that will never be used for real world stuff besides drugs and cp because reddit strawberries mt gox is loving dumb. That's about it.

If you want to trade or speculate on bitcoins or mine them or whatever you want, knock yourself out, thats the entirety of my stance.

Ham Sandwiches
Jul 7, 2000

EorayMel posted:

How do you feel about Divabot making money from bitcoins via a book?

I'm not sure that's how I would spend my time, but it's his life, and he seems to have a captive audience of r/buttcoin readers and yospos regulars that will buy it despite being self published stuff from a unix sysadmin with just about no experience on the topic besides secondhand stuff he's repeating

COMRADES
Apr 3, 2017

by LITERALLY AN ADMIN

Ham Sandwiches posted:

You won't get your bank account frozen if you try to cash out, and it's not impossible to cash out or use for regular things. That's pretty much the extent of what I've been saying.

Right now as we are posting poo poo tons of BTC are frozen.

COMRADES
Apr 3, 2017

by LITERALLY AN ADMIN
Also my dudes if you can't tell what's going on with the months long edging about a BTC 'split' that will devalue it then an 11th hour decision to not do that resulting in a big price surge then you're already waiting to get hosed. Miners are manipulating this thing like a puppet.

Ham Sandwiches
Jul 7, 2000

COMRADES posted:

Right now as we are posting poo poo tons of BTC are frozen.

Oh yeah? Some guy can't buy shoes for his kids because the bitcoins are jammed up?

Minimalist Program
Aug 14, 2010
I think bitcoins are bad, but making a little money off of it was fun; but I wouldn't want to try/hope to make a lot of money off of it.

COMRADES
Apr 3, 2017

by LITERALLY AN ADMIN

Ham Sandwiches posted:

No, this is made up crap that like a half dozen people started repeating. I never once made any claims as to the price of bitcoin.

You know like...

Ham Sandwiches posted:

I plan to revisit those posts when bitcoin hits either 7.5k or 10k, depending on when that is

Ham Sandwiches posted:

Oh yeah? Some guy can't buy shoes for his kids because the bitcoins are jammed up?

What does it matter what some guy wants his BTC for? Either he can pull it out and use it or he can't. You said his funds won't be frozen. Here they are, frozen.

temple
Jul 29, 2006

I have actual skeletons in my closet
How many bitcoins have you bought since the drop?

Ham Sandwiches
Jul 7, 2000

COMRADES posted:

You know like...


What does it matter what some guy wants his BTC for? Either he can pull it out and use it or he can't. You said his funds won't be frozen. Here they are, frozen.

Are you just literally picking the one time there's been a minor drop after a runup so huge that people were posting it as proof of the scam? And what do you want? A guarantee that the price won't go up and down?

I said that exchanges wouldn't run off with the money or that people would be unable to get to their deposits as currency, during times of attempted network splits there may be issues with coin transactions! Given that this issue was telegraphed and talked about for months, are you really buying into the buttcoin crew's dumb links being posted here? Sure seems like you are.

Ham Sandwiches
Jul 7, 2000

temple posted:

How many bitcoins have you bought since the drop?

From the all time highs of the past two weeks?? How catastrophic



Again, watching the narrative switch from "going up so much its a scam" to "dropping so much its a scam" is fascinating

COMRADES
Apr 3, 2017

by LITERALLY AN ADMIN

Ham Sandwiches posted:

Are you just literally picking the one time there's been a minor drop after a runup so huge that people were posting it as proof of the scam? And what do you want? A guarantee that the price won't go up and down?

I outlined to you just now how the 'fork' was pure manipulation on the part of miners. Also due to miners tons of funds are frozen.

It's not a question of volatility, it's a question of miner conglomerates pumping and dumping.

Ham Sandwiches
Jul 7, 2000

COMRADES posted:

I outlined to you just now how the 'fork' was pure manipulation on the part of miners. Also due to miners tons of funds are frozen.

It's not a question of volatility, it's a question of miner conglomerates pumping and dumping.

It's ok that you don't own any bitcoins or trade any cryptocurrencies. Get this: it's also ok that others do. :psyboom:

COMRADES
Apr 3, 2017

by LITERALLY AN ADMIN
That's not even a response to what I posted. I never said it wasn't okay to own BTC and I'm giving the dude trading them a very very very minimal amount of poo poo.

I'm more picking a bone with you because based on your posts itt you'd encourage people to use money they can't afford to lose on BTC.

Ham Sandwiches
Jul 7, 2000

COMRADES posted:

That's not even a response to what I posted.

So are you implying that cryptocurrencies are inherently too risky for you and that you don't want to trade them? That's fine, don't.

There are other people that post in this thread that clearly feel differently, and the simple poo poo I've been saying all year is: That's fine too.

COMRADES
Apr 3, 2017

by LITERALLY AN ADMIN
If you want to trade cryptos that's fine but don't advise people to trade money they can't afford to lose regardless of what is being traded, that's all.

Maybe I'm conflating you with the other Ham Sandwiches but at one point it really seemed like you were saying people should slam as much cash into this as possible because it can only really go up and any dips are just temporary on the way to $7500 or $10000 or beyond.

e: you know what reading over your posts itt I seem to be mistaken in that

COMRADES fucked around with this message at 22:34 on Nov 12, 2017

a bone to pick
Sep 14, 2011

by FactsAreUseless
endless meltdowns over virtual currency lol

Minimalist Program
Aug 14, 2010
It's at 5874 now and I think that's pretty gosh darned funny.

Devian666
Aug 20, 2008

Take some advice Chris.

Fun Shoe
Anyone buying bitcoin is purely speculating. Of course there was a good pump up over $7000. I don't recommend selling your house, borrowing money or putting your life savings in cryptos. Although it's a great time to sell if you have thousands of bitcoins.

PIZZA.BAT
Nov 12, 2016


:cheers:


Yeah I think the big thing buttcoiners have gotten tripped over all these years is an inability to distinguish between speculation and investing. They keep using terminology and analysis meant for investing and calling themselves investors when what they're actually doing is speculating. Then someone who actually knows things tells them they're speculating and the buttcoiner indignantly inflates like a pufferfish

Pitdragon
Jan 20, 2004
Just another lurker
ham sandwiches is like the guy that got in at the bottom of the ponzi scheme and is now desperate to both recruit new suckers and also to reassure himself that he is not a sucker

Uranium 235
Oct 12, 2004

gary oldmans diary posted:

yeah you just wrote it because no reason.
you are writing a lot of words that can be summed up as "i misunderstood you"

i never claimed to be a pro trader nor do i think of myself as one and i think that the way i've described what i'm doing (taking 2% of my investment portfolio, which is predominantly in index funds, to use for trading crypto in an attempt to get higher than average returns) makes it clear that i'm not a professional trader. if i were a pro, why would i only use 2% of my investment portfolio to trade?

Uranium 235 fucked around with this message at 00:56 on Nov 13, 2017

Devian666
Aug 20, 2008

Take some advice Chris.

Fun Shoe

Rex-Goliath posted:

Yeah I think the big thing buttcoiners have gotten tripped over all these years is an inability to distinguish between speculation and investing. They keep using terminology and analysis meant for investing and calling themselves investors when what they're actually doing is speculating. Then someone who actually knows things tells them they're speculating and the buttcoiner indignantly inflates like a pufferfish

The same thing happens every time there is a bubble. People think they're a great investor or the next Warren Buffett because they bought into a bull market.

PIZZA.BAT
Nov 12, 2016


:cheers:


To be totally clear: if you want to speculate then sure- go hog wild. But don’t delude yourself into thinking you’re an investor. Definitely don’t act surprised when others don’t buy into your delusion.

The people who have actually made money on bitcoins understand this and is why you don’t hear about them- they’re smart enough to know that if they point this out then the party is over.

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BeefThief
Aug 8, 2007

buttcoin

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