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orange sky posted:what if I have a token that is 100% I swear worth one BTC* will you ban someone for me *Jeffrey puts on evil genie hat* *Bans you* "You are 'someone' and I'm doing it for you(r own good)."
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Feb 2, 2018 17:32
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Twitter is having fun with the HODLers 
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Feb 2, 2018 17:33
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Jeffrey of YOSPOS posted:I will use my mod powers to ban any one person you want for 1 BTC each. When is the BANCOIN ico?
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Feb 2, 2018 17:48
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When my grand kids ask me about the stock market crash of '18 it's going to be hard to hold a straight face and tell them about Bitcoin. So I'm just going to show them this forum thread. joats fucked around with this message at 18:00 on Feb 2, 2018 |
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Feb 2, 2018 17:56
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you know when you really think about it bitcoin isn't such a bad word. you have bit, which is like a small amount of something, and coin, which is always good so small amount of coins, like if you're broke wait it's actually really bad
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Feb 2, 2018 18:00
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Dolphin posted:you know when you really think about it bitcoin isn't such a bad word. Coins are bad for filling up uvery crack in my lovely car. They are also midly annoying to vacuum.
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Feb 2, 2018 18:09
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Seriously, how hard would it be for me to set up my own cryptotokens, sell them to people, and just make money on that cash as if it was an interest-free loan?
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Feb 2, 2018 18:12
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mojo1701a posted:Seriously, how hard would it be for me to set up my own cryptotokens, sell them to people, and just make money on that cash as if it was an interest-free loan? spring/summer 2017 was the heyday
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Feb 2, 2018 18:14
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Yeah it's not hard that's why there's a thousand cryptocurrencies
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Feb 2, 2018 18:15
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mojo1701a posted:Seriously, how hard would it be for me to set up my own cryptotokens, sell them to people, and just make money on that cash as if it was an interest-free loan? it's super easy, which is why it's surprising that it's taken this long for the various regulatory agencies to get off their collective asses and crack down on this, but finally the end is nigh
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Feb 2, 2018 18:21
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Uranium 235 posted:i dare say that you missed the golden age of that strategy Dadbod Apocalypse posted:it's super easy, which is why it's surprising that it's taken this long for the various regulatory agencies to get off their collective asses and crack down on this, but finally the end is nigh I also wouldn't know how, as I'm an accountant and not a programmer. I just like the idea of an interest-free loan for my retirement fund backed by cryptonerds.
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Feb 2, 2018 18:24
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Dadbod Apocalypse posted:it's super easy, which is why it's surprising that it's taken this long for the various regulatory agencies to get off their collective asses and crack down on this, but finally the end is nigh In this case the free market really will sort itself out when it comes to the fact that there will be ten dozen worthless currencies available and only a couple of them will have actual value, which will collide with the geometrical increase in energy costs to produce them and, having no real world utility or value, the bottom will fall out on the enterprise altogether
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Feb 2, 2018 18:27
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Heath posted:In this case the free market really will sort itself out when it comes to the fact that there will be ten dozen worthless currencies available and only a couple of them will have actual value, which will collide with the geometrical increase in energy costs to produce them and, having no real world utility or value, the bottom will fall out on the enterprise altogether None of them will have actual value
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Feb 2, 2018 18:29
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“”””Actual “”””value””””””””
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Feb 2, 2018 18:38
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reposting this
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Feb 2, 2018 18:39
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BrutalistMcDonalds posted:reposting this happy freedom smile coin bitconnect
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Feb 2, 2018 18:43
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Khorne posted:"wait, bitcoins went to $7400 while I was sleep? better buy buy buy!" Who is upvoting this? The only reason this guy can sit there and be like “I’ve lived through every crash just fine” is because for that to be true he must have bought in at the beginning when the price was $2 and not $16,000. His actual investment is minuscule vs. someone who bought in later and gets hosed that much harder by a crash.
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Feb 2, 2018 18:46
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Is there a bytecoin? If so, they should each be worth 8 bitcoin.
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Feb 2, 2018 18:47
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Waltzing Along posted:Is there a bytecoin? If so, they should each be worth 8 bitcoin. https://coinmarketcap.com/currencies/bytecoin-bte/
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Feb 2, 2018 18:51
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Haven't checked this place in a while. Fantastic to see this happen. Also sort of worried regarding the aftermath. A lot of people will come out of this a lot worse than they went in. What event directly lead to this? Something must've broken the camel's back.
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Feb 2, 2018 19:21
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Mindblast posted:Haven't checked this place in a while. Fantastic to see this happen. Also sort of worried regarding the aftermath. A lot of people will come out of this a lot worse than they went in. I believe it started with a government crackdown on bitcoin in China. Then people started to lose faith in Tether and realized it is a huge scam.
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Feb 2, 2018 19:23
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Edit wrong thread, but leaving this here:
Andy Dufresne fucked around with this message at 19:28 on Feb 2, 2018 |
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Feb 2, 2018 19:25
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So any big institutional investors need bailing out? I remember something about Fidelity farming coins.
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Feb 2, 2018 19:25
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Warm und Fuzzy posted:So any big institutional investors need bailing out? I remember something about Fidelity farming coins. lol wut? link plz
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Feb 2, 2018 19:27
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So it is worth zero? Which is precisely 8x what bitcoin is worth.
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Feb 2, 2018 19:32
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Uranium 235 posted:i dare say that you missed the golden age of that strategy I like you but this is the biggest wrongest thing anybody has ever said ITT
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Feb 2, 2018 19:37
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quote:Former Iced Tea Maker Cancels Purchase of Bitcoin Mining Rigs Adar posted:I like you but this is the biggest wrongest thing anybody has ever said ITT
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Feb 2, 2018 19:58
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Andy Dufresne posted:Edit wrong thread, but leaving this here: Oh see they've already factored in next year's seasonal dip so this is really a conservative projection.
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Feb 2, 2018 20:04
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This is actually fantastic. These dying companies that strangely converted to crypto should probably be looked into for some financial loophole abuse or shady behind the scenes stuff. My guess is that they are scared the government may take a closer look.
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Feb 2, 2018 20:06
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was reading up on the latest drop and laughed out loud at this quote: https://www.cnbc.com/2018/02/02/bitcoin-price-drops-below-8000-for-first-time-since-nov-24.html quote:Mati Greenspan, senior market analyst at social trading network eToro, said that neither regulatory signals or worries of price manipulation were a cause for "systemic change" in the cryptocurrency market. https://bitcoinwisdom.com/bitcoin/difficulty Date / Difficulty: quote:Jul 02 2017 708,659,466,230 quote:Dec 06 2017 1,590,896,927,258  the investor class does not understand this technology and it is so loving unbelievable and hilarious
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Feb 2, 2018 20:15
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joats posted:This is actually fantastic. Hey now! We still have KodakCoin to look forward to. New digital currency for photographers that have at minimum a $1 million net-worth.
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Feb 2, 2018 20:15
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I'm glad the thread title is going to be accurate again.
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Feb 2, 2018 20:23
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Rad Russian posted:Hey now! We still have KodakCoin to look forward to. New digital currency for photographers that have at minimum a $1 million net-worth. New York Times, reacting to a technical document posted:"...a 40-page mishmash of marketing buzzwords and vague diagrams."
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Feb 2, 2018 20:34
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Andy Dufresne posted:Edit wrong thread, but leaving this here:
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Feb 2, 2018 21:03
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Uranium 235 posted:
The bubble will burst when 10-20 companies a week will stop successfully raising 20-50 million dollars for, 80-90% of the time, no real reason at all
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Feb 2, 2018 21:03
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KodakCoin is also run by a guy who was convicted of financial crimes in the 90s, but he's totally better now!
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Feb 2, 2018 21:06
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Adar posted:The bubble will burst when 10-20 companies a week will stop successfully raising 20-50 million dollars for, 80-90% of the time, no real reason at all
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Feb 2, 2018 21:06
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Mindblast posted:Haven't checked this place in a while. Fantastic to see this happen. Also sort of worried regarding the aftermath. A lot of people will come out of this a lot worse than they went in. Pretty sure it was Tether, IIRC they went completely silent for a week and then Bloomberg published an article that said they had been subpoenaed. It's been all downhill ever since.
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Feb 2, 2018 21:12
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Just found that one of my good friends from college is big into ethereum. Two large mining rigs, direct purchases, etc. i bought another 3 rx570 whats the value proposition on that stuff now that the price has dropped? i found these for 350 yeah, but isn’t the time required to mine back the card price getting longer now? no if the price is down 10% in the last 24 hours, aren’t you earning 10% less once you cash out to USD? it'll not stay downFollowed by a meltdown in our Slack channel about how once the "normies" with their gaming rigs and Nicehash get out of the market it'll all be ok. It's just disappointing to see someone you thought was smarter than this get caught up. I hope he doesn't lose his shirt. 
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Feb 2, 2018 21:12
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your friend sounds like an NPC
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Feb 2, 2018 21:14
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