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rudatron
May 31, 2011

by Fluffdaddy

Frosted Flake posted:

I still don’t understand how you get your money out of bitcoin? Can you just cash out and have it sent to a bank account?
the only way to get 'out', is to sell your bitcoins to someone who wants 'in'

so the instant people stop wanting 'in' (ie the price stops going up), no one is going to be able to cash out, and the bubble is going to burst

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Sheng-Ji Yang
Mar 5, 2014


https://twitter.com/CNBC/status/940312791155707905

SKULL.GIF
Jan 20, 2017



lmao bitcoin really is going to bring down the american economy

if they had just left it alone or invested in it with pure USD it would have crashed and everything else would be mostly fine

but if you start mixing assets to get into bitcoin oh boy

1994 Toyota Celica
Sep 11, 2008

by Nyc_Tattoo
that owns

SKULL.GIF
Jan 20, 2017


https://i.imgur.com/uGSrpUV.gifv

Shear Modulus
Jun 9, 2010



bitcoin precipitating the next crash would be the most post-escalator thing imaginable so its all but certain

i clicked over to wsj yesterday and the top most popular story in the box was how to invest in bitcoin and the second and third were also about bitcoin lol

Lawman 0
Aug 17, 2010

Wall St: Markets are instruments to maximize economic efficiency and productivity

Also Wall St:

Plank Walker
Aug 11, 2005
mega lols if bitcoin is what pops the whole us economy

politically owned by trolls in russia

economically owned by trolls in china

Epic High Five
Jun 5, 2004



Pick
Jul 19, 2009
Nap Ghost
just lmfao

PIZZA.BAT
Nov 12, 2016


:cheers:


lmao remember when I made this post

Rex-Goliath posted:

i'm the broader markets giving the faintest poo poo about bitcoin crashing for some reason

aahahahaha :suicide:

fabergay egg
Mar 1, 2012

it's not a rhetorical question, for politely saying 'you are an idiot, you don't know what you are talking about'


Plank Walker posted:

mega lols if bitcoin is what pops the whole us economy

politically owned by trolls in russia

economically owned by trolls in china

economically owned by chinese money laundering

Rhesus Pieces
Jun 27, 2005

what percentage of people taking out mortgages for ghost money are coked up out of their minds? I'll say 80% minimum.

SKULL.GIF
Jan 20, 2017


The Unnamed One
Jan 13, 2012

"BOOM!"
It’s fitting that BitCoin will be humanity’s ultimate destruction.

Nebakenezzer
Sep 13, 2005

The Mote in God's Eye

I totally stopped following Bitcoin around the election. Is there anything I should know aside from "rampant speculation"?

Fuck You And Diebold
Sep 15, 2004

by Athanatos

Nebakenezzer posted:

I totally stopped following Bitcoin around the election. Is there anything I should know aside from "rampant speculation"?

there's bitcoin futures now and also people taking out mortgages to buy bitcoins

Notorious R.I.M.
Jan 27, 2004

up to my ass in alligators

Nebakenezzer posted:

I totally stopped following Bitcoin around the election. Is there anything I should know aside from "rampant speculation"?

We've gone from "this thing sure is good at laundering money" to "ILL KILL A MAN FOR A GOD drat TULIP"

Notorious R.I.M.
Jan 27, 2004

up to my ass in alligators

gently caress You And Diebold posted:

there's bitcoin futures now and also people taking out mortgages to buy bitcoins

Who wants to play the world's biggest game of chicken by flexing your newly found ability to short bitcoin

Lawman 0
Aug 17, 2010

Notorious R.I.M. posted:

Who wants to play the world's biggest game of chicken by flexing your newly found ability to short bitcoin

Death race $200,000

anime was right
Jun 27, 2008

death is certain
keep yr cool
im seriously going to laugh myself to death if bitcoin takes the economy with it

PIZZA.BAT
Nov 12, 2016


:cheers:


Nebakenezzer posted:

I totally stopped following Bitcoin around the election. Is there anything I should know aside from "rampant speculation"?

:speculate:

Nebakenezzer
Sep 13, 2005

The Mote in God's Eye

e^^ New smiley for the god-cursed 2017

I noticed the futures thing, I figured it was a way for the big guys to cash out all at once and make unbelievable bank

logikv9
Mar 5, 2009


Ham Wrangler
I'm extremely excited for the Second Depression caused by fake internet money

anime was right
Jun 27, 2008

death is certain
keep yr cool

logikv9 posted:

I'm extremely excited for the Second Depression caused by fake internet money

same

Nebakenezzer
Sep 13, 2005

The Mote in God's Eye

logikv9 posted:

I'm extremely excited for the Second Depression caused by fake internet money

We had a "great resession" rather than a depression - what will depression #3 be called?

"slowdown caused by structural unemployment 2018"

Fuck You And Diebold
Sep 15, 2004

by Athanatos

anime was right posted:

im seriously going to laugh myself to death if bitcoin takes the economy with it

millennials really are killing the economy

Notorious R.I.M.
Jan 27, 2004

up to my ass in alligators

Nebakenezzer posted:

We had a "great resession" rather than a depression - what will depression #3 be called?

"slowdown caused by structural unemployment 2018"

The arc of the financial universe is long, but it bends toward +∞

Pick
Jul 19, 2009
Nap Ghost

logikv9 posted:

I'm extremely excited for the Second Depression caused by fake internet money

How do you write a book like the grapes of wrath about an economy this loving stupid

etalian
Mar 20, 2006

Pick posted:

How do you write a book like the grapes of wrath about an economy this loving stupid

the gigs of wrath

Fuck You And Diebold
Sep 15, 2004

by Athanatos
man loses entire global economy throwing away a hard drive with a bitcoin wallet on it. seeks to dig up landfill

dodecahardon
Oct 20, 2008

Pick posted:

How do you write a book like the grapes of wrath about an economy this loving stupid

it’ll be an e-comic

Shear Modulus
Jun 9, 2010



Nebakenezzer posted:

I totally stopped following Bitcoin around the election. Is there anything I should know aside from "rampant speculation"?

now the speculation has expanded from dumb tech libertarian true believers to more mainstream bubble-chasers

Lawman 0
Aug 17, 2010

Pick posted:

How do you write a book like the grapes of wrath about an economy this loving stupid

take more drugs

Taintrunner
Apr 10, 2017

by Jeffrey of YOSPOS
can't wait for my tulip garden to be the only currency left after The Great Buttcoin poo poo

Rated PG-34
Jul 1, 2004




I too am buying tulips to hedge against bitcoin bust

moller
Jan 10, 2007

Swan stole my music and framed me!
I just wanted to say -

Magic the Gathering Online eXchange.

Pick
Jul 19, 2009
Nap Ghost

moller posted:

I just wanted to say -

Magic the Gathering Online eXchange.

"Now only 40% child porn!"

Duscat
Jan 4, 2009
Fun Shoe
getting p tired of my amazon app screaming at me twice a day now "hello here's a deals! look at this thing on ur wishlist, did u no u can BUY IT FROM US"

like, dudes, i'm hoping santa will bring me that thing, goddammit amanzons, gently caress

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logikv9
Mar 5, 2009


Ham Wrangler

etalian posted:

the gigs of wrath

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