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Buying a bucket of fried chicken for $40 and waiting 20 minutes for the payment to go through is clearly the killer app that Bitcoin has been waiting for to really blow up. 100k by tomorrow IMO
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Jan 12, 2018 14:51
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Grem posted:I'm gonna buy bitcoin when it goes down to a dollar again and catch the next wave of idiots in 10 years. Me personally, I’m waiting for the moment the naysayers here finally give in and start buying. That’s when I know it’s time to sell.
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Jan 12, 2018 15:01
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french lies posted:Literally everyone is thinking this and it’s why this is probably going to last a long time and go way higher than anyone anticipated. by then I will be sober because drugs became too expensive to buy with bitcoins. We both have things to look forward to I guess.
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Jan 12, 2018 15:02
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The guy who spent 100 million dollars in bitcoin on a pizza https://www.youtube.com/watch?v=xy83ins6p-M
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Jan 12, 2018 15:04
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Jan 12, 2018 15:16
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french lies posted:Literally everyone is thinking this and it’s why this is probably going to last a long time and go way higher than anyone anticipated. I'm starting to think it prooobably won't burst properly until anyone can buy in with a few clicks. Right now you have to jump through a bunch of hoops. I'd probably have bought in by now and would be playing the altcoins if you didn't have to send your passport details to some sketchy company in the U.S before you can play the Bitcoin lottery. That difficulty probably puts an artificial brake on just how much dumb money (i.e. me) can jump on and off. Right now Bitcoin is actually a lot more stable than it might otherwise be.
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Jan 12, 2018 15:44
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i want to build a house
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Jan 12, 2018 15:51
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https://twitter.com/bccponzi/status/951210220096802816
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Jan 12, 2018 16:31
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Often Abbreviated posted:I'm starting to think it prooobably won't burst properly until anyone can buy in with a few clicks. Right now you have to jump through a bunch of hoops. I'd probably have bought in by now and would be playing the altcoins if you didn't have to send your passport details to some sketchy company in the U.S before you can play the Bitcoin lottery. I still think people underestimate how huge this is going to be. Money is piling in from every corner of the world, pretty soon you will have institutional money chasing this stuff too. Every person on the globe is gonna have some dumbfuck cousin or brother who struck gold and they’ll be tempted to get in themselves. I personally believe it’s eventually gonna be bigger in market cap than the dotcom bubble, even if it takes a few corrections to get there. The crash is going to be equally spectacular and probably horrifying/amazing to watch in real time. Even if you think butts are stupid or whatever, get a grand or two in on the dips/corrections and pull it out when the naysayers are nowhere to be found.
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Jan 12, 2018 16:42
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french lies posted:
I've noticed in the last week or two the shoeshine boy talk has gone from "new paradigm!!" to "it's trash but".
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Jan 12, 2018 16:46
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divabot posted:I've noticed in the last week or two the shoeshine boy talk has gone from "new paradigm!!" to "it's trash but". yeah cause we cashed out lol (mostly)
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Jan 12, 2018 16:48
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divabot posted:I've noticed in the last week or two the shoeshine boy talk has gone from "new paradigm!!" to "it's trash but". Edit: and bitcoin as a speculative vehicle is definitely not trash. It’s absolutely perfect for it.
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Jan 12, 2018 16:51
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divabot posted:I've noticed in the last week or two the shoeshine boy talk has gone from "new paradigm!!" to "it's trash but". Uh yeah, you're on the wrong side of history on this one, and have been from the start. Your book is a testament to your inability to assess things dude.
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Jan 12, 2018 16:53
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french lies posted:Even if you think butts are stupid or whatever, get a grand or two in on the dips/corrections and pull it out when the naysayers are nowhere to be found. What's wrong with just putting your investment money in index funds and your gambling money at the casino?
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Jan 12, 2018 16:59
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Ham Sandwiches posted:Uh yeah, you're on the wrong side of history on this one, and have been from the start. Your book is a testament to your inability to assess things dude. 8 years man. 8 years and nobody is using it. This isn't the industrial revolution.
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Jan 12, 2018 17:00
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someone plz mansplain this joke to me like im a pretty female and you want to have sex with me
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Jan 12, 2018 17:02
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Often Abbreviated posted:I'm starting to think it prooobably won't burst properly until anyone can buy in with a few clicks. Right now you have to jump through a bunch of hoops. I'd probably have bought in by now and would be playing the altcoins if you didn't have to send your passport details to some sketchy company in the U.S before you can play the Bitcoin lottery. This is where I think the in-person scams like MLMs are going to seriously expedite things. There are a lot of shysters eager to get in on the craze, and since it's actually pretty difficult for technologically inept people to buy in there's a huge opportunity for waitresses and stay at home Facebook moms to be selling bitcoin instead of Amway.
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Jan 12, 2018 17:03
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Alan Smithee posted:someone plz mansplain this joke to me like im a pretty female and you want to have sex with me you see 2FA stands for 2 factor authentication but instead the shoeshine boy (this burn is coming to you from the 80s) thought it was a tip on a cryptocurrency / ICO and wanted to buy it
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Jan 12, 2018 17:05
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Andy Dufresne posted:What's wrong with just putting your investment money in index funds and your gambling money at the casino?
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Jan 12, 2018 17:05
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Andy Dufresne posted:8 years man. 8 years and nobody is using it. This isn't the industrial revolution. gently caress u
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Jan 12, 2018 17:06
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Andy Dufresne posted:8 years man. 8 years and nobody is using it. This isn't the industrial revolution. Excuse me Do you know how long it took for COMPUTERS to be massively adopted? Let’s just say it took more than 8 years for everyone to have a powerful computer in their phone. Industrial revolution? No, my friend, that’s small potatoes 🥔 Blockchain is a computer revolution, an economic revolution and a social revolution rolled into one. It is not only a miracle of math, but the next stage of human EVOLUTION based on trustless distributed computation. And right now, we are Buzz Aldrin on the moon, telling everyone how amazing space is up here. Join the crypto revolution RIGHT NOW before you have to tell your grandkids why you did not invest in Bitcoin when you had the chance. Even 1,000 dollars could turn into a million by 2020!
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Jan 12, 2018 17:08
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lol http://www.somethingawful.com/news/bitcoin-mortal-kombat/
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Jan 12, 2018 17:10
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french lies posted:Crypto in a bull market is a million times better than the casino. Just don’t put more than 5% of what you own in it. FTR I own index funds and real-estate as well. I'm really not trying to be an rear end and big-time you, but you say "5% of what you own" like that's not a significant amount of money. For someone in their 30s who has been saving appropriately that's $10k+, for someone near retirement that's closer to $100k. I don't think you should be giving investment advice at all.
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Jan 12, 2018 17:10
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french lies posted:Following the ironic advice given in this thread would have made you legitimately wealthy at this point. Think about that. Get a load of mister moneybags here, only a single doubling (of a super small portion of an investment portfolio) away from "wealthy"
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Jan 12, 2018 17:10
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french lies posted:Crypto in a bull market is a million times better than the casino. Just don’t put more than 5% of what you own in it. FTR I own index funds and real-estate as well. It's better than a casino in that it's close to a zero sum game (minus fees, fraud, etc), but someone will be left holding the bag when the music stops, and it may be you! (I mean the general you, not actually you, so please don't tell me about how you made 300% trading XXX coin in 36 hours)
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Jan 12, 2018 17:12
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Lol just lol if you brag about being a big time investor but you're worth so little that you consider giving everything necessary to steal your identity to some shady exchange, just for the privilege of gambling on some bubble
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Jan 12, 2018 17:16
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Andy Dufresne posted:I'm really not trying to be an rear end and big-time you, but you say "5% of what you own" like that's not a significant amount of money. For someone in their 30s who has been saving appropriately that's $10k+, for someone near retirement that's closer to $100k. We’ll see who is right in a year or so. If I’m totally wrong then I’m fine with losing what I’ve put in.
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Jan 12, 2018 17:17
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Sentient Data posted:Get a load of mister moneybags here, only a single doubling (of a super small portion of an investment portfolio) away from "wealthy"
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Jan 12, 2018 17:23
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french lies posted:You should only invest what you are willing to lose. For me 5% is that threshold, for others it will be lower, which is why I said “more than”. Crypto is super risky and anyone who understands what it is will acknowledge that. I’m just saying that the fundamentals of inflows atm supports this going a lot higher than where it is currently at. You should only gamble what you're willing to lose. That's the phrase. You don't call a gamble a investment, they are not the same thing. Bitcoin isn't high risk high reward stocks. They are an order of magnitude more risky than those and there's a reason you can't buy them on, e.g., Vanguard. It's gambling plain and simple - which is fine. I think you're a complete degenerate for risking 5% of your net worth on a gamble but it doesn't affect me. quote:We’ll see who is right in a year or so. If I’m totally wrong then I’m fine with losing what I’ve put in. Do you think anyone gives a poo poo if you make 1000% on your nothing
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Jan 12, 2018 17:24
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Also that roulette wheel was TOTALLY due to land on green 0, of course you should have bet on it and only it you idiot Vvv: I do, just about every night 
Sentient Data fucked around with this message at 17:35 on Jan 12, 2018 |
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Jan 12, 2018 17:25
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just do your due dil, dude
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Jan 12, 2018 17:32
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For real though that passport poo poo is bullshit and you just know that as soon as the music stops Coinbase will collapse/be abandoned and some skeezy loving Russians are going to end up with your whole identity.
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Jan 12, 2018 17:33
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Andy Dufresne posted:You should only gamble what you're willing to lose. That's the phrase. You don't call a gamble a investment, they are not the same thing. I think your overarching point is wrong. Crypto is extremely risky now but it’s not comparable to gambling in a casino. It’s a nascent asset class that will probably find institutional support over the next ten years. There are legitimate projects with good token economics and dev effort that will remain after the dust settles and stabilize at a sustainable rate of appreciation.
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Jan 12, 2018 17:34
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Sentient Data posted:Also that roulette wheel was TOTALLY due to land on green 0, of course you should have bet on it and only it you idiot
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Jan 12, 2018 17:40
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Serioustalk, you say "industry support". Exactly what industries could benefit? Distributed/replicated databases aren't new at all. The only possible thing you might want as a takeaway is the concept of a public, (hopefully-)uncontrolled, (pseudo-)immutable ledger, but even in that best case scenario, all of the various existing coins are useless from an industry standpoint. Top tier experienced programmers might be worth a bit in that situation, but otherwise? Asic companies aren't worth investing in for an industrial ledger, and there aren't even any schools or certification boards worth investing in. Outside of the speculation bubble, THERE IS NO LEGITIMATE INVESTMENT
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Jan 12, 2018 17:41
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Seeking consent before sex? There's a blockchain-based app for that http://flip.it/oGMtj8
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Jan 12, 2018 17:45
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Often Abbreviated posted:For real though that passport poo poo is bullshit and you just know that as soon as the music stops Coinbase will collapse/be abandoned and some skeezy loving Russians are going to end up with your whole identity. It doesn’t matter, my identity does not mean anything, I hold the keys to my crypto, and the blockchain is immutable. If I cared about filthy fiat, sure I would be crying myself to sleep, much like many of you do every night. But I am my own bank, so have at it, Russia! Crypto wins again!
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Jan 12, 2018 17:45
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french lies posted:Those two I mentioned were seen as good choices for a long time prior to their rise due to community interest, development progress and token/coin economics, to name just a few factors. look at crypto's relatively short history and find other coins such as peercoin and namecoin that were said to be superior alternatives years ago that "were seen as good choices for a long time prior to their rise due to community interest, development progress and token/coin economics" and never went anywhere after a short hype ramp up. all you're describing is successful pump and dumps, and ignoring all of the failed ones.
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Jan 12, 2018 17:48
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Please buy Bitcoin.... please
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Jan 12, 2018 17:49
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Sentient Data posted:Serioustalk, you say "industry support". Exactly what industries could benefit? Distributed/replicated databases aren't new at all.
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Jan 12, 2018 17:50
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