I think I'd rather buy graphics cards when it crashes and then sell high, high, high! 
Eela6 fucked around with this message at 06:37 on Jan 17, 2018 |
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Jan 17, 2018 06:26
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I'm sure direct proof, shown in REAL TIME, of market manipulation where $100 mil of tether appeared out of nowhere RIGHT during a price crash to suddenly set up buy orders across exchanges as soon as $10K mark was reached, will convince people that Bitcoin is currently operating as a ponzi. HAHAHAHAHHA YEAH RIGHT. Keep investing. Mr Ham Sammich will surely come back into the thread super quick to explain how because only 1 major exchange uses tether, it's not a ponzi, because he surely understands financial arbitrage and ability to move BTC across exchanges really well. Rad Russian fucked around with this message at 06:38 on Jan 17, 2018 |
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Jan 17, 2018 06:32
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I wonder if you can jump out the window of your mothers basement and still gain enough velocity to suicide?
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Jan 17, 2018 06:50
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どたばた！コインブロック Dotabata! Koin Burokku The goal of this minigame is to collect as many coins as possible by smashing the Brick Blocks that contains them. Despite what the rules states, all the players win the minigame as long as they collect one coin. There are three types of blocks in this minigame: The first type is the usual Brick Block that contains nothing and is destroyed when hit. The second type contains a single coin and transforms into a Used Block when hit. The third type contains multiple coins. It may be hit until it is empty, then turning into a Used Block. Three rows of Brick Blocks move from left to right. They can also be used as platforms to reach higher blocks. The three rows of blocks stop moving occasionally and start moving in the opposite direction a few seconds later. If players step off one side of the screen, they will appear on the other side in a similar way to Mario Bros. gameplay. The players perform their victory animations. If the player(s) don't collect a coin, they do losing animation.
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Jan 17, 2018 06:53
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cryptobull holocaust
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Jan 17, 2018 06:55
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Rad Russian posted:I'm sure direct proof, shown in REAL TIME, of market manipulation where $100 mil of tether appeared out of nowhere RIGHT during a price crash to suddenly set up buy orders across exchanges as soon as $10K mark was reached, will convince people that Bitcoin is currently operating as a ponzi. As bullish as I am on cryptocurrency long-term, Tether needs to go before there’s any point buying fully in, and the sophistication of the scheme means that it can potentially go on for a very long time.
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Jan 17, 2018 07:02
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A lot of indicators pointing to a possibly rally. Too soon to say though. People don't care if fake USD are propping it up as long as numbers go up.
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Jan 17, 2018 07:06
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Alpha Mayo posted:A lot of indicators pointing to a possibly rally. Too soon to say though.
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Jan 17, 2018 07:08
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The total market cap is a pointless metric since I'm betting about 60-80% of the coins are lost. How about comparing it to something like the number of coins that have active sell orders or the unique coins that have moved in the past year or so?
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Jan 17, 2018 07:09
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The big thing with tether injections is that it slows down the rate of margin calls. Or they're using margin call profits to back tether, which be a different hilarious scam
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Jan 17, 2018 07:11
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The Glumslinger posted:The big thing with tether injections is that it slows down the rate of margin calls. They’re probably just backing tether with itself. Oh I distributed $5m USDt? Well I’m holding an equivalent amount ($5m USDt) in reserve so don’t worry!
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Jan 17, 2018 07:18
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Eela6 posted:I want Bitcoin to crash so I can buy a drat graphics card. I've found sellers on newegg selling bulk six packs of 1060s, great mining value. I suggest we pool our resources and get our own mining rig working on this!
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Jan 17, 2018 07:19
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Nessus posted:What, did they print out some more tethers? Nah, but Internet libertarians are the most obnoxious people on the planet and don't want their pet project to fail. Plus they have illegal fraud pumps keeping it from failing. Crypto might be the biggest ponzi scheme the world has ever seen. I'm basing it off some momentum trendlines.
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Jan 17, 2018 07:22
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I like how the price of bitcoin dropped and Uranium, in response is like "actually homie I make money no matter if bitcoin rises or falls... in fact I made the most money in my life today. Gonna buy a real life elephant and a hot air balloon. Sorry, can't hear you over the money pouring into my house from the bitcoin falling. Call my secretary if you need anything"
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Jan 17, 2018 07:23
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I only check in on bitcoin every now and then, but I thought GPU mining has been dead for years, especially with the rise of massive Chinese ASIC farms. Are GPUs profitable again or is it just people new to buttcoin throwing money at it cause it's the hot new thing?
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Jan 17, 2018 07:27
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Kung Food posted:I only check in on bitcoin every now and then, but I thought GPU mining has been dead for years, especially with the rise of massive Chinese ASIC farms. Are GPUs profitable again or is it just people new to buttcoin throwing money at it cause it's the hot new thing? Bitcoin GPU mining (SHA256) is dead, but all those altcoins popped up using different algorithms, many of which can be efficiently done only by GPUs. Altcoins exploded with the Bitcoin bubble, and it became very profitable to mine again.Before today, a GTX 1070 could do about $7/day, and a 1080 Ti could do about $10-12, meaning the GPU could pay itself off within a couple months. Which lead to people building $4000+ mining rigs and stuffing every GPU they can buy into them, especially cost efficient ones like the 1070.
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Jan 17, 2018 07:34
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Taima posted:I like how the price of bitcoin dropped and Uranium, in response is like "actually homie I make money no matter if bitcoin rises or falls... in fact I made the most money in my life today. Gonna buy a real life elephant and a hot air balloon. Sorry, can't hear you over the money pouring into my house from the bitcoin falling. Call my secretary if you need anything" He's always talked about how he isn't a crypto-holder, so it makes sense. The people getting wrecked are the same people who answered that "What $/BTC price would you be willing sell at" survey with >$200k
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Jan 17, 2018 07:39
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Jan 17, 2018 07:41
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Homo Buttcoinus
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Jan 17, 2018 07:49
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Jan 17, 2018 07:53
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Rad Russian posted:I'm sure direct proof, shown in REAL TIME, of market manipulation where $100 mil of tether appeared out of nowhere RIGHT during a price crash to suddenly set up buy orders across exchanges as soon as $10K mark was reached, will convince people that Bitcoin is currently operating as a ponzi. *sprays mountain dew all over the monitor* MOM MAKE THEM STOP CALLING BITCOIN A PONZI
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Jan 17, 2018 07:53
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lol I love this rationalization Bitcoin only fell 1% between the hours of 4:56pm and 4:59pm, 1% is nothing!
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Jan 17, 2018 07:55
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So what happens when everyone has bitcoins and will never ever sell them no matter what? I suppose the miners still have to cash out.
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Jan 17, 2018 07:56
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Nessus posted:So what happens when everyone has bitcoins and will never ever sell them no matter what? that's when the architect sends the albino twins to kill satoshi nakamoto
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Jan 17, 2018 07:58
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Nessus posted:So what happens when everyone has bitcoins and will never ever sell them no matter what? I suppose the miners still have to cash out. Isn't this the market literally right now
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Jan 17, 2018 07:59
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I still can't get over the fact that the biggest exchange printed fake money to save Bitcoin from going under 10000, while the biggest "legit" exchange, Gdax, mysteriously went offline at the same time. lol
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Jan 17, 2018 08:04
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Yeah it's good.
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Jan 17, 2018 08:08
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Alpha Mayo posted:I still can't get over the fact that the biggest exchange printed fake money to save Bitcoin from going under 10000, while the biggest "legit" exchange, Gdax, mysteriously went offline at the same time. lol
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Jan 17, 2018 08:12
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sincx fucked around with this message at 06:39 on Mar 23, 2021 |
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Jan 17, 2018 08:18
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People don't seem to internalize that the dot com bust took years to reach the bottom, and there were big and small rallies all the way down, some of them months long Sure, bitcoin is moving a lot faster, but it's not a one shot overnight thing. Bitcoin has been crashing for a month and it probably will be crashing for months. It could rally for a week in that time and still be crashing overall, it could crawl back up 20% and still be crashing. It already did rally for a week, all the way to $17000, and hey, turns out it's still in the same crash it started after reaching $19000.
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Jan 17, 2018 08:19
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I can't wait til it comes out that the entire bubble was artificially produced by manipulating the market with an untold amount of Tether, by the same hackers/con-artists who manipulated the market in 2013 when they were running Magic the Gathering Online Exchange behind the scenes
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Jan 17, 2018 08:34
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Alpha Mayo posted:I can't wait til it comes out that the entire bubble was artificially produced by manipulating the market with an untold amount of Tether, by the same hackers/con-artists who manipulated the market in 2013 when they were running Magic the Gathering Online Exchange behind the scenes
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Jan 17, 2018 08:43
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Rad Russian posted:I'm sure direct proof, shown in REAL TIME, of market manipulation where $100 mil of tether appeared out of nowhere RIGHT during a price crash to suddenly set up buy orders across exchanges as soon as $10K mark was reached, will convince people that Bitcoin is currently operating as a ponzi. Where are you seeing this?
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Jan 17, 2018 08:56
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Well Bitcoin has always been something I've never cared to look into but today I was looking at parts for a new gaming PC and really if you're mining Bitcoin gently caress off. I'm not paying 2100 bucks for a Vega card. I'll keep my old HD7950. gently caress it. Stupid rear end Bitcoin bullshit.
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Jan 17, 2018 09:16
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Untrustable posted:Well Bitcoin has always been something I've never cared to look into but today I was looking at parts for a new gaming PC and really if you're mining Bitcoin gently caress off. I'm not paying 2100 bucks for a Vega card. I'll keep my old HD7950. gently caress it. Stupid rear end Bitcoin bullshit. learning that my graphics card had increased in value as I've used it is one of the most funny thing I've heard in years tbh
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Jan 17, 2018 09:20
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Alpha Mayo posted:I still can't get over the fact that the biggest exchange printed fake money to save Bitcoin from going under 10000, while the biggest "legit" exchange, Gdax, mysteriously went offline at the same time. lol At what point does someone step in, that's what I want to know, because holy poo poo
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Jan 17, 2018 09:31
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Homeless Friend posted:learning that my graphics card had increased in value as I've used it is one of the most funny thing I've heard in years tbh The only people who really get rich in the gold rush are selling the shovels, and that's NVIDIA All the financial geniuses day trading bitcoin or whatever? NVIDIA stock was worth 20 dollars in 2015, and it is worth about 200 now. A cool 1000% increase, not counting if they had any dividends etc. Also when you try to sell it Warren Buffett won't yell at you to HODL and threaten your life on Reddit.
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Jan 17, 2018 09:41
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Sentient Data posted:The total market cap is a pointless metric since I'm betting about 60-80% of the coins are lost. How about comparing it to something like the number of coins that have active sell orders or the unique coins that have moved in the past year or so? Bitcoin: The only currency in the world that could be crashed through the floor by someone finding their old computer from 2009 in the back of the attic and cashing out.
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Jan 17, 2018 09:42
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french lies posted:most market participants believe or choose to pretend that there is an actual redeemable dollar behind the tether those clueless idiots who think it wen from 20k to 10k when... well there was a middle part to when that happened  knee jerk dumb weak idiots making my bits worth less!
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Jan 17, 2018 10:10
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Virtue posted:Where are you seeing this? This very thread at 5:30pm Eastern last night
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Jan 17, 2018 10:43
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