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everything is alright over at r/bitcoin
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Dec 22, 2017 18:48
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lol coinbase shutting down trading is not at all like a central bank controlling currency, nope, the free market it totally available to make number go up
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Dec 22, 2017 18:49
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Today in Bitcoin: https://www.youtube.com/watch?v=DgRLlqEvOT8
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Dec 22, 2017 18:49
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Fried Watermelon posted:everything is alright over at r/bitcoin Bought at $19.5K, AMA.  
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Dec 22, 2017 18:56
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Just wait until tether fall apart.
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Dec 22, 2017 19:04
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XK posted:Just wait until tether fall apart. https://www.youtube.com/watch?v=ZDjDmeRFiRI
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Dec 22, 2017 19:08
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Yea, the real fun is going to come when people realise that tether is worthless and essentially the equivalent of Zimbabwe dollars.
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Dec 22, 2017 19:10
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Dec 22, 2017 19:10
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Dec 22, 2017 19:11
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the best part is, the people who are peddling this are people trying to get out, who desperately need people to trade their "worthless fiat" into the system so they themselves can escape it.
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Dec 22, 2017 19:12
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Running to the FDIC is the funniest part of all of this. Proving the old fact of "Libertarians want rid of government until the government can help them". No-one tell them what the F stands for.
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Dec 22, 2017 19:13
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Oh, yeah, we have a billion dollars in reserve. Us printing tether to take advantage of lack of liquidity between bitcoin and cash withdrawals is fake news. The price of bitcoin isn't propped up by an imaginary currency created out of thin air at all.
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Dec 22, 2017 19:13
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Shout out to any long term hodls staring huge stacks of cash in the face the last month to hold out for even more.
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Dec 22, 2017 19:13
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Dec 22, 2017 19:17
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Gyro Zeppeli posted:Running to the FDIC is the funniest part of all of this. Proving the old fact of "Libertarians want rid of government until the government can help them". No-one tell them what the F stands for. Doesn't matter, none of the exchanges are FDIC approved. Some of them have FDIC approved people they themselves deposit funds with, but FDIC insurance only covers the actual bank, not someone using the bank. If coinbase goes tits up, it doesn't matter if the people they deposit money with are FDIC insured. Coinbase isn't. The banks that are FDIC insured didn't go bankrupt. Coinbase did.
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Dec 22, 2017 19:17
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Lot of unpaid mortgages in the future I see
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Dec 22, 2017 19:17
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Drone_Fragger posted:Doesn't matter, none of the exchanges are FDIC approved. Some of them have FDIC approved people they themselves deposit funds with, but FDIC insurance only covers the actual bank, not someone using the bank. If coinbase goes tits up, it doesn't matter if the people they deposit money with are FDIC insured. Coinbase isn't. The banks that are FDIC insured didn't go bankrupt. Coinbase did. Yeah, I just mean, it was funny that their first idea was "There has to be some kind of regulation to stop this from happening!" only to find out that of course there isn't and this is what happens when you convert your mortgage into funbucks.
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Dec 22, 2017 19:20
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But transaction fees are lower! I’m not owned! I’m not owned!...I’m not. I’m not
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Dec 22, 2017 19:22
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this is good for bitcoin
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Dec 22, 2017 19:24
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Bitcoin is an elaborate social scheme to watch libertarians recreate government from scratch.
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Dec 22, 2017 19:25
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Bitcoin can’t fail, it can only be failed Also if it fails who can I sue to get my money back??? I was told it can’t go down
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Dec 22, 2017 19:29
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Dec 22, 2017 19:29
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Can some one let me know when they leave a banner for the suicide hotline at the top of reddit, thanks
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Dec 22, 2017 19:32
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Fried Watermelon posted:everything is alright over at r/bitcoin
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Dec 22, 2017 19:36
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Knight posted:Trying to spin watching your account value plummet as "let's see how tough the new guy are" is hilarious. I bet it even works on some of them, gritting their teeth while they lose another mortgage payment in hopes that the group will soon think they're "tough." They are the true warriors of the day They know in their old bones that they will come out ahead, because they are the main character and hero and the hero always wins in the end. All other doubters can GET OUT
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Dec 22, 2017 19:39
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Dec 22, 2017 19:47
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It was really funny watching something you mocked mercilessly 5 years ago suddenly get treated like it was legitimately good knowing this was going to happen any moment. Everything is so stupid
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Dec 22, 2017 19:48
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Good Citizen posted:It was really funny watching something you mocked mercilessly 5 years ago suddenly get treated like it was legitimately good knowing this was going to happen any moment. Everything is so stupid I had tuned out after mt gox had stolen a bunch of bitcoins. This has been a pleasant sequel
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Dec 22, 2017 20:13
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I’m the guy who eats garbage and has bad posture at my computer but is still a jacked uber mensch somehow. I am. A Hodler. Hodler Strong.
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Dec 22, 2017 20:27
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paternity suitor posted:I’m the guy who eats garbage and has bad posture at my computer but is still a jacked uber mensch somehow. I am. A Hodler. Hodler Strong. 6000 percent gains on the exchange and in the gym.
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Dec 22, 2017 20:35
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traders are the true chads
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Dec 22, 2017 20:35
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paternity suitor posted:I’m the guy who eats garbage and has bad posture at my computer but is still a jacked uber mensch somehow. I am. A Hodler. Hodler Strong. Whose legs are made out of salt water taffy, melting in the heat of overclocked GPUs.
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Dec 22, 2017 20:43
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Dec 22, 2017 20:45
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hanging chad? more like banging chad.
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Dec 22, 2017 20:45
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lol I decided to clear my cost base today, because I'm sick of watching this go up and down, and Coinbase tells me my transaction will clear 12/29. Let me guess, if the price moves in my direction they keep the difference and if the price moves against me, it's my loss?
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Dec 22, 2017 20:53
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EAT FASTER!!!!!! posted:lol I decided to clear my cost base today, because I'm sick of watching this go up and down, and Coinbase tells me my transaction will clear 12/29. Let me guess, if the price moves in my direction they keep the difference and if the price moves against me, it's my loss? edit: their website says you'll get the price when you sold https://support.coinbase.com/customer/en/portal/articles/1148738-what-price-will-i-receive-when-i-buy-or-sell-digital-currency- try checking your history like it says Uranium 235 fucked around with this message at 21:04 on Dec 22, 2017 |
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Dec 22, 2017 21:02
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Uranium 235 posted:i don't have an answer to your question, but why use coinbase instead of gdax? trades on gdax are instantaneous and i'm pretty sure that you automatically get access to it when you register on coinbase Oh yeah there it is! Wheee! I've officially made more than $7K trading bitcoin! Granted that's taxed as income, but it clears the entirety of my cost basis and I have more than half my stack left. HODL now, I guess.
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Dec 22, 2017 21:07
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EAT FASTER!!!!!! posted:Oh yeah there it is!  yeah i'm trading only with profit now. gradually withdrawing enough to cover my taxes
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Dec 22, 2017 21:08
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no crotch bulge, voted 3
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Dec 22, 2017 21:09
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There's a guy from reddit who literally borrowed $40k from a "shady local lender" to buy bitcoin yesterday, at 25% interest. His plan was to sell when bitcoin hit 30 or 40k in January. Now he's broke and his first payment is due next week. If real, this guy is the Platonic ideal Ponzi investor that Minsky is talking about. The great thing about bubbles is they can legitimately happen to almost any asset. All you need is a long period of modest to good investment return (check) in the wider market to set the atmosphere of safety, some bored hedge investors looking for something different and maybe a little risky because current productive investment is probably full (check), and then media attention to bring the speculators and the complete fools (double check). We're lucky it is something useless and funny like crypto this time. Last time it was housing, which was markedly less funny. Grand Theft Autobot fucked around with this message at 21:13 on Dec 22, 2017 |
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Dec 22, 2017 21:10
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