Bitcoin: no angel investors, only Faustian bargains

The Something Awful Forums > Main > General Bullshit > Bitcoin: no angel investors, only Faustian bargains

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AARO: Mar 9, 2005; by Lowtax

hEy gUisE Da tHrEad tItlE iS alMoSt rElaVenT aGAin!!!!1

# ? Feb 5, 2018 22:19

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# ? May 28, 2024 23:25

Concerned Citizen: Jul 22, 2007; Ramrod XTreme

bitcoin's back baby

# ? Feb 5, 2018 22:19

Uranium 235: Oct 12, 2004

AARO posted:

hEy gUisE Da tHrEad tItlE iS alMoSt rElaVenT aGAin!!!!1

mockingspongebob.jpg?

# ? Feb 5, 2018 22:20

Bert Roberge: Nov 28, 2003

When it hits 6k ban all the bitcoin cheerleaders until it's 6k again.

# ? Feb 5, 2018 22:22

Inept: Jul 8, 2003

AARO posted:

hEy gUisE Da tHrEad tItlE iS alMoSt rElaVenT aGAin!!!!1

you've been probated 3 times for getting mad about bitcoins hehe

# ? Feb 5, 2018 22:23

bird with big dick: Oct 21, 2015

How do I convert my 401k to buttcoin? Is there some way I can just give coinbase my vanguard password?

# ? Feb 5, 2018 22:26

MechanicalTomPetty: Oct 30, 2011; Runnin' down a dream
That never would come to me

My god, the just will not let it die. Every single time it starts going down theres a huge volume of trades that pump it back up again. It just keeps fluctuating between 7200 and 7000, back and forth, over and over again. This is loving nuts.

# ? Feb 5, 2018 22:30

Waffle House: Oct 27, 2004; You follow the path
fitting into an infinite pattern.

Yours to manipulate, to destroy and rebuild.

Now, in the quantum moment
before the closure
when all become one.

One moment left.
One point of space and time.

I know who you are.

You are Destiny.

Bert Roberge posted:

When it hits 6k ban all the bitcoin cheerleaders until it's 6k again.

Bancoin

# ? Feb 5, 2018 22:31

Untrustable: Mar 17, 2009

Every thousand dollars Bitcoin shucks off gets me closer to an affordable graphics card. I want it fold completely. I didn't care about Bitcoin at all and now I actively hate it.

# ? Feb 5, 2018 22:39

Uranium 235: Oct 12, 2004

MechanicalTomPetty posted:

My god, the just will not let it die. Every single time it starts going down theres a huge volume of trades that pump it back up again. It just keeps fluctuating between 7200 and 7000, back and forth, over and over again. This is loving nuts.

that's a common pattern, especially after large moves in price

# ? Feb 5, 2018 22:39

spankmeister: Jun 15, 2008

Untrustable posted:

Every thousand dollars Bitcoin shucks off gets me closer to an affordable graphics card. I want it fold completely. I didn't care about Bitcoin at all and now I actively hate it.

That and the stupendous amounts of electricity it uses.

# ? Feb 5, 2018 22:41

Bert Roberge: Nov 28, 2003

Untrustable posted:

Every thousand dollars Bitcoin shucks off gets me closer to an affordable graphics card. I want it fold completely. I didn't care about Bitcoin at all and now I actively hate it.

Are there no people getting out of bitcoin selling cheap used graphics cards?

# ? Feb 5, 2018 22:43

AARO: Mar 9, 2005; by Lowtax

I think we are going to 4k before it starts going back up. But really, putting any money in crypto right now is just gambling. No one has any idea whats going to happen.

AARO fucked around with this message at 22:46 on Feb 5, 2018

# ? Feb 5, 2018 22:44

Bip Roberts: Mar 29, 2005

Untrustable posted:

Every thousand dollars Bitcoin shucks off gets me closer to an affordable graphics card. I want it fold completely. I didn't care about Bitcoin at all and now I actively hate it.

Owned by video gams.

# ? Feb 5, 2018 22:50

100 HOGS AGREE: Oct 13, 2007; Grimey Drawer

Bert Roberge posted:

Are there no people getting out of bitcoin selling cheap used graphics cards?

Buying a used bitcoin miner GPU is like grabbing a used towel out of the laundry bin in a public gym.

# ? Feb 5, 2018 22:52

Former DILF: Jul 13, 2017

Bert Roberge posted:

Are there no people getting out of bitcoin selling cheap used graphics cards?

but theyve already used up all the triangles

# ? Feb 5, 2018 22:52

Fallows: Jan 20, 2005; If he waits long enough he can use his accrued interest from his savings to bring his negative checking balance back into the black.

AARO posted:

I think we are going to 4k before it starts going back up. But really, putting any money in crypto right now is just gambling. No one has any idea whats going to happen.

Putting any money in crypto is retarded not gambling

# ? Feb 5, 2018 22:52

Careful Drums: Oct 30, 2007; by FactsAreUseless

veiled boner fuel posted:

How do I convert my 401k to buttcoin? Is there some way I can just give coinbase my vanguard password?

i know you're joking but honestly, if coinbase offered this you know some dumb motherfuckers would do it

# ? Feb 5, 2018 22:53

Bip Roberts: Mar 29, 2005

Fallows posted:

Putting any money in crypto is retarded not gambling

It's like playing a poker game where the house took a big cut of every hand and there was a good chance of bandits kicking down the door and stealing the whole pot but zero sum besides that.

# ? Feb 5, 2018 22:55

lazorexplosion: Mar 19, 2016

Ham Sandwiches posted:

I feel the only thing missing from this is 'dead cat bounce' and the fact that Jamie has already changed his mind, anyway please enjoy

I pity anyone who needs the 'bitcoin 20k' square because they are definitely not going to win

# ? Feb 5, 2018 22:57

AARO: Mar 9, 2005; by Lowtax

Bip Roberts posted:

It's like playing a poker game where the house took a big cut of every hand and there was a good chance of bandits kicking down the door and stealing the whole pot but zero sum besides that.

Illegalhomegame.txt

E: https://www.google.com/amp/denver.cbslocal.com/2016/06/01/bizarre-poker-game-robbery-boulder/amp/

# ? Feb 5, 2018 22:58

lazorexplosion: Mar 19, 2016

# ? Feb 5, 2018 23:00

Uranium 235: Oct 12, 2004

testimony from the Senate hearing on cryptocurrencies:

https://www.banking.senate.gov/publ...ding-commission

the chairmen of the SEC and CFTC were witnesses

i haven't read it all but here's the conclusion from the CFTC Chairman:

quote:

We are entering a new digital era in world financial markets. As we saw with the
development of the Internet, we cannot put the technology genie back in the bottle. Virtual
currencies mark a paradigm shift in how we think about payments, traditional financial
processes, and engaging in economic activity. Ignoring these developments will not make them
go away, nor is it a responsible regulatory response. The evolution of these assets, their
volatility, and the interest they attract from a rising global millennial population demand serious
examination.

With the proper balance of sound policy, regulatory oversight and private sector
innovation, new technologies will allow American markets to evolve in responsible ways and
continue to grow our economy and increase prosperity. This hearing is an important part of
finding that balance.

doesn't sound cataclysmic for the crypto space

# ? Feb 5, 2018 23:00

Bert Roberge: Nov 28, 2003

Former DILF posted:

but theyve already used up all the triangles

There are probably a few triangles left.

# ? Feb 5, 2018 23:05

EAT FASTER!!!!!!: Sep 21, 2002; Legendary.

I cleaned out the remainder of my crypto position. I was hoping to hold longer until I could take capital gains but I don't think this poo poo will be worth anything by May.

Either way, I netted a little less than $20,000 on $2k invested.

gently caress zuarg.

# ? Feb 5, 2018 23:07

Knight: Dec 23, 2000; SPACE-A-HOLIC; Taco Defender

Anything else I would expect to fall back to around where it was stable (~$4k) but BTC is inherently worthless so I would expect it to settle lower than that.

# ? Feb 5, 2018 23:11

100 HOGS AGREE: Oct 13, 2007; Grimey Drawer

Good job don't forget to put aside like a third of that for the taxman

lowtax has those medical bills coming up you really should help out

# ? Feb 5, 2018 23:11

AARO: Mar 9, 2005; by Lowtax

EAT FASTER!!!!!! posted:

I cleaned out the remainder of my crypto position. I was hoping to hold longer until I could take capital gains but I don't think this poo poo will be worth anything by May.

Either way, I netted a little less than $20,000 on $2k invested.

gently caress zuarg.

Nice job goon. I got lucky too.

# ? Feb 5, 2018 23:14

VictorianQueerLit: Aug 25, 2017

Wait AARO, you sold your sure thing Cardano? You were advising other people to hold theirs for the vast riches that were sure to come.

# ? Feb 5, 2018 23:18

moolchaba: Jul 21, 2007

Bert Roberge posted:

When it hits 6k ban all the bitcoin cheerleaders until it's 6k again.

Please.

# ? Feb 5, 2018 23:19

AARO: Mar 9, 2005; by Lowtax

VictorianQueerLit posted:

Wait AARO, you sold your sure thing Cardano? You were advising other people to hold theirs for the vast riches that were sure to come.

Yea I sold when it was $1.27

Might buy bwck in if btc stabilizes.

# ? Feb 5, 2018 23:19

Burt Sexual: Jan 26, 2006; by Jeffrey of YOSPOS; Switchblade Switcharoo

Inept posted:

you've been probated 3 times for getting mad about bitcoins hehe

That�s some...rap sheet.

# ? Feb 5, 2018 23:20

ElGroucho: Nov 1, 2005; We already - What about sticking our middle fingers up... That was insane; Fun Shoe

what's the damage boys

# ? Feb 5, 2018 23:20

Burt Sexual: Jan 26, 2006; by Jeffrey of YOSPOS; Switchblade Switcharoo

VictorianQueerLit posted:

Wait AARO, you sold your sure thing Cardano? You were advising other people to hold theirs for the vast riches that were sure to come.

Isn�t that how you play this game?

# ? Feb 5, 2018 23:20

AARO: Mar 9, 2005; by Lowtax

Burt Sexual posted:

Isn�t that how you play this game?

If you look in the altcoin thread I started advising people to sell 3 weeks ago.

# ? Feb 5, 2018 23:22

Fallows: Jan 20, 2005; If he waits long enough he can use his accrued interest from his savings to bring his negative checking balance back into the black.

EAT FASTER!!!!!! posted:

I cleaned out the remainder of my crypto position. I was hoping to hold longer until I could take capital gains but I don't think this poo poo will be worth anything by May.

Either way, I netted a little less than $20,000 on $2k invested.

gently caress zuarg.

Same i invested about 420 bucks a while ago and am walking away with nearly 69k today

# ? Feb 5, 2018 23:23

Former DILF: Jul 13, 2017

Fallows posted:

Same i invested about 420 bucks a while ago and am walking away with nearly 69k today

samr

# ? Feb 5, 2018 23:25

Rad Russian: Aug 15, 2007; Soviet Power Supreme!

Fallows posted:

Same i invested about 420 bucks a while ago and am walking away with nearly 69k today

Why don't you HODL for a lambo?

# ? Feb 5, 2018 23:27

Burt Sexual: Jan 26, 2006; by Jeffrey of YOSPOS; Switchblade Switcharoo

AARO posted:

If you look in the altcoin thread I started advising people to sell 3 weeks ago.

Lol nah

# ? Feb 5, 2018 23:28

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# ? May 28, 2024 23:25

AARO: Mar 9, 2005; by Lowtax

Fallows posted:

Same i invested about 420 bucks a while ago and am walking away with nearly 69k today

Same dude I invested $911 and now I have $8675309

# ? Feb 5, 2018 23:28

The Something Awful Forums > Main > General Bullshit > Bitcoin: no angel investors, only Faustian bargains

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