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gary oldmans diary
Sep 26, 2005

junan_paalla posted:

I believe in the project and idk how I am going to live with myself watching the price of nano soar over the months without me not having anything to invest in it.
love this part. i already lost everything but the biggest tragedy to me is that i dont have more to throw at the exact same sorta poo poo i just lost everything to
classic gambling addiction

Master Twig posted:

At what point can we start calling them cryptocommodities instead of cryptocurrencies?
cryptoponies

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The End
Apr 16, 2007

You're welcome.

Master Twig posted:

At what point can we start calling them cryptocommodities instead of cryptocurrencies?

Rational people call them butts, or shitcoins.

Goa Tse-tung
Feb 11, 2008

;3

Yams Fan

Master Twig posted:

At what point can we start calling them cryptocommodities instead of cryptocurrencies?

t-5 years

Double Bill
Jan 29, 2006

Under 10k again, moon rally cancelled for now

Fame Douglas
Nov 20, 2013

by Fluffdaddy
At least, thanks to some posters in this thread, we know that only institutional investors from Asia are losing money in this crash. Everyone else is making money hand over fist.

Pochoclo
Feb 4, 2008

No...
Clapping Larry
The bitcoin mandala turns again, down it goes once more

Dead Like Rev
Sep 6, 2010

"The dead walk among us."



Can I buy a cheeseburger and shake with bitcoin yet? How about a bad dragon dillz?

Goa Tse-tung
Feb 11, 2008

;3

Yams Fan

Dead Like Rev posted:

Can I buy a cheeseburger and shake with bitcoin yet? How about a bad dragon dillz?

no no HECK yes

By popular demand
Jul 17, 2007

IT *BZZT* WASP ME--
IT WASP ME ALL *BZZT* ALONG!


LOL if you don't have an exquisitely crafted purestrain gold buttplug firmly inserted at all times.
Never worry about business or pleasure again!

Harveygod
Jan 4, 2014

YEEAAH HEH HEH HEEEHH

YOU KNOW WHAT I'M SAYIN

THIS TRASH WAR AIN'T GONNA SOLVE ITSELF YA KNOW

Fiat is magic!

Wassbix
May 24, 2006
Thanks guy!

VictorianQueerLit posted:

I just want to say that while I was on probation I spent a lot of time observing the crypto discussion other places and I've seen about two dozen people say the exact same thing about Technical Analysis and none of them are ever right.

The cycle every time is

1.) Someone asks what the price of BTC will be
2.) Someone gives them a digital psychic reading
3.) Someone calls their digital psychic reading bullshit
4.) Someone backs up what they are saying with the same buzzwords "Self Fulfilling prophecy!" "Psychology of the masses!"
5.) The price does the opposite of what they claim

It's like I'm living in groundhog day as Einstein #37 slowly walks everyone through his dawning realization that trends and patterns exist like it's something they are just discovering.

The worst one by far though is the guy that got tired of being one of dozens of people parroting "Head and Shoulders!" "Bulltrap!" "Bear Market!" and he instead adopted Japanese terminology.


It's really weird how all of these people who have totally figured the market out are scrambling for pennies on 500 different price spikes every day.

Doesn't even have to be crypto, you see Market TA traders speak in pointless jargon all the time and boast loudly when they make money (while everyone else does too) and quietly slink away when their analysis doesn't work for a few big trades.

Waltzing Along
Jun 14, 2008

There's only one
Human race
Many faces
Everybody belongs here
I've got a new crypto. I'm gonna shave my junk every 3 months and sell off the individual hairs. I call it pubicoin. Who wants in?

Waltzing Along
Jun 14, 2008

There's only one
Human race
Many faces
Everybody belongs here
See, the blockchain is my DNA. You just test the DNA to know it is real.

By popular demand
Jul 17, 2007

IT *BZZT* WASP ME--
IT WASP ME ALL *BZZT* ALONG!


Waltzing Along posted:

I've got a new crypto. I'm gonna shave my junk every 3 months and sell off the individual hairs. I call it pubicoin. Who wants in?

Hell yeah ima gett in on the ground floor! And pluck me some choice Pcoines!

Waltzing Along
Jun 14, 2008

There's only one
Human race
Many faces
Everybody belongs here
How much should I sell for? I'm thinking $500 each to start. Keep the poors out.

isndl
May 2, 2012
I WON A CONTEST IN TG AND ALL I GOT WAS THIS CUSTOM TITLE

Waltzing Along posted:

See, the blockchain is my DNA. You just test the DNA to know it is real.

I'm going to need to see some lab testing results before I'm willing to invest in your butt. What if you're a chimera and someone thinks my pieces of your rear end are counterfeit?

Tsietisin
Jul 2, 2004

Time passes quickly on the weekend.

Rule 36 of cryptocurrancies: Once you jokingly make up a Cryptocurrency, there will be a actual ICO within 3 months.

I expect huge gains on the brand new Pubicoin.

OF course I'm hoping for massive growth in the new Ereticoin. A new ICO that is always going upwards.

By popular demand
Jul 17, 2007

IT *BZZT* WASP ME--
IT WASP ME ALL *BZZT* ALONG!


Its a wonder nobody made a cryptocurrancy based on porn yet, at a rate of 1 gram of black tar heroin for 100 cumshots it just can't lose!

junan_paalla
Dec 29, 2009

Seriously, do drugs

Horrible Lurkbeast posted:

Its a wonder nobody made a cryptocurrancy based on porn yet, at a rate of 1 gram of black tar heroin for 100 cumshots it just can't lose!

Don't say things you'll regret.

Papa Was A Video Toaster
Jan 9, 2011







I am up to the double.
Also loosing the card.

Papa Was A Video Toaster fucked around with this message at 16:45 on Feb 22, 2018

Mozi
Apr 4, 2004

Forms change so fast
Time is moving past
Memory is smoke
Gonna get wider when I die
Nap Ghost
None of this makes any sense to me. There is no intrinsic value to having something be a 'crypto coin', and a lot of downside.

By popular demand
Jul 17, 2007

IT *BZZT* WASP ME--
IT WASP ME ALL *BZZT* ALONG!


Well that is completely incomprehensible.
my jokes make better business sense and boner sense than this serious project.

zedprime
Jun 9, 2007

yospos

Horrible Lurkbeast posted:

Well that is completely incomprehensible.
my jokes make better business sense and boner sense than this serious project.
You know those phone games where you would buy Twitter or YouTube personalities or movie stars and then someone else could buy them?

It's like that but a crypto ponzie. Don't worry though, if you end up the bag hodler at least you get to keep a titty picture.

joats
Aug 18, 2007
stupid bewbie
Invest in fuckcoin and laugh at those that can't give a gently caress.

Rad Russian
Aug 15, 2007

Soviet Power Supreme!
Speaking of "sex sells". I'm debating doing an ICO for incelcoin that introduces smart contracts for sex. So if it's on the blockhain, then the other party HAS to have sex with you. Need a wordpress site and a lovely D-list celebrity signed first though.

VictorianQueerLit
Aug 25, 2017

Rad Russian posted:

Speaking of "sex sells". I'm debating doing an ICO for incelcoin that introduces smart contracts for sex. So if it's on the blockhain, then the other party HAS to have sex with you.

You guys keep joking but the coin backed by garlic bread became worth $3 at one point.

The real secret is to keep the amount of tokens low. Anything with less than a few million tokens is seen as scarce and all of the idiots that think the market cap means anything see the potential for greater profits. They refuse to buy coins with billions of tokens because "If it goes to a dollar that's billions of market cap so it can never go to $100 because thats hundreds of billions of market cap!!!!"

So make a coin about literally anything with like 5,000,000 in circulation and then put in the work to get it on some of the shittier/shadier exchanges and profit.

tankadillo
Aug 15, 2006


I read the whole front page of this site and I have no idea what it is or what it's supposed to do. Are you just constantly bidding on virtual trading cards of porn actors? I don't get it.

klafbang
Nov 18, 2009
Clapping Larry

tankadillo posted:

I read the whole front page of this site and I have no idea what it is or what it's supposed to do. Are you just constantly bidding on virtual trading cards of porn actors? I don't get it.

Of course not, sheesh. You see, you do all of that on the blockchain!

divabot
Jun 17, 2015

A polite little mouse!

VictorianQueerLit posted:

The real secret is to keep the amount of tokens low. Anything with less than a few million tokens is seen as scarce and all of the idiots that think the market cap means anything see the potential for greater profits. They refuse to buy coins with billions of tokens because "If it goes to a dollar that's billions of market cap so it can never go to $100 because thats hundreds of billions of market cap!!!!"

So make a coin about literally anything with like 5,000,000 in circulation and then put in the work to get it on some of the shittier/shadier exchanges and profit.

That's the dumbest dumbness I've heard of today, and that's saying something.

I mean, I completely believe you, and that they'll actually say this out loud. But :psyboom:

COMRADES
Apr 3, 2017

by LITERALLY AN ADMIN

VictorianQueerLit posted:

I just want to say that while I was on probation I spent a lot of time observing the crypto discussion other places and I've seen about two dozen people say the exact same thing about Technical Analysis and none of them are ever right.

The cycle every time is

1.) Someone asks what the price of BTC will be
2.) Someone gives them a digital psychic reading
3.) Someone calls their digital psychic reading bullshit
4.) Someone backs up what they are saying with the same buzzwords "Self Fulfilling prophecy!" "Psychology of the masses!"
5.) The price does the opposite of what they claim

It's like I'm living in groundhog day as Einstein #37 slowly walks everyone through his dawning realization that trends and patterns exist like it's something they are just discovering.

The worst one by far though is the guy that got tired of being one of dozens of people parroting "Head and Shoulders!" "Bulltrap!" "Bear Market!" and he instead adopted Japanese terminology.


It's really weird how all of these people who have totally figured the market out are scrambling for pennies on 500 different price spikes every day.

That's because TA is fake.

let it mellow
Jun 1, 2000

Dinosaur Gum
t&a owns tho

I would blow Dane Cook
Dec 26, 2008

let it mellow posted:

t&a owns tho

t & rear end

VictorianQueerLit
Aug 25, 2017

divabot posted:

That's the dumbest dumbness I've heard of today, and that's saying something.

I mean, I completely believe you, and that they'll actually say this out loud. But :psyboom:

I run into the argument constantly when I see people shilling Nano. There are only 133,000,000 Nano coins so people value it based on what the peak market cap of bitcoins were. So if 1/10th as many bitcoins hit $20,000 then it's reasonable for them to assume that Nano would achieve the same market cap with 10x the coins at 1/10th the price or $2,000. So it's collapsing from $35 to $8 is actually a huge discount because :words:

Most crypto traders hate coins like TRX/Stellar/Cardano because they have billions of tokens "and can never be more than a couple dollars" because 1000 times as many coins would be 1/1000th of the price of bitcoins peak market cap or $2. "This shitcoin at $100 would be a trillion dollar market cap and that's just ridiculous!"

In case anyone didn't believe me I'll get the conversation started again in a chat

quote:

A Complete Breakfast - Today at 6:27 PM
why does having less coins make Nano better than something like Stellar that has more exactly?
haze - Today at 6:27 PM
the less you have of something the more valuable it is
A Complete Breakfast - Today at 6:27 PM
how does that apply to cryptocurrencies that are almost infinitely divisible
moodswung - Today at 6:27 PM
Yep. Scarcity = higher value.
moodswung - Today at 6:28 PM
They're all divisible but I think most people are concerned with the whole number from a valuation perspective.
A Complete Breakfast - Today at 6:28 PM
why
pumpkinparty000 - Today at 6:28 PM
@haze thats not necessary true
A complete breakfast has less brain, but it is not necessarily more valuable
moodswung - Today at 6:33 PM
Yes. One of the reasons alot of portfolios will show currency value based on bitcoins volume.
If x coin was at this volume it would actually be valued at y.
$5 when there's 100000000 is a much higher valuation of a coin than one with 100000 available.
Yes. This is why inflation occurs.
They print more dollars. Dollars go down in value.
Layanah - Today at 6:36 PM
aka Germany after World War 1

It's such an obvious concept to them that I am the retard for questioning it. More coins mean they are less scarce! Supply and demand retard!

VictorianQueerLit fucked around with this message at 00:41 on Feb 23, 2018

Novo
May 13, 2003

Stercorem pro cerebro habes
Soiled Meat

COMRADES posted:

That's because TA is fake.

if this is true it means that past performance is not indicative or whatever of the future? holy crapoley

Devian666
Aug 20, 2008

Take some advice Chris.

Fun Shoe
So instead of finding porn in the woods kids are going to find porn in smart contracts?

Jombo
Feb 20, 2009

VictorianQueerLit posted:

You guys keep joking but the coin backed by garlic bread became worth $3 at one point.

The real secret is to keep the amount of tokens low. Anything with less than a few million tokens is seen as scarce and all of the idiots that think the market cap means anything see the potential for greater profits. They refuse to buy coins with billions of tokens because "If it goes to a dollar that's billions of market cap so it can never go to $100 because thats hundreds of billions of market cap!!!!"

So make a coin about literally anything with like 5,000,000 in circulation and then put in the work to get it on some of the shittier/shadier exchanges and profit.

Serious question: what does it matter how many coins there are? Any possible 'use' for cryptocurrencies can be done just as well with 0.00001 coins as it can be done with 1? (i.e. money laundering)

VictorianQueerLit
Aug 25, 2017

Jombo posted:

Serious question: what does it matter how many coins there are? Any possible 'use' for cryptocurrencies can be done just as well with 0.00001 coins as it can be done with 1? (i.e. money laundering)

https://www.youtube.com/watch?v=vw887lZEeg0&t=78s

Bitcoins work the same way

zedprime
Jun 9, 2007

yospos

Jombo posted:

Serious question: what does it matter how many coins there are? Any possible 'use' for cryptocurrencies can be done just as well with 0.00001 coins as it can be done with 1? (i.e. money laundering)
Crypto is like Highlander and there can only be one, each one absorbing the value of the other. In this case you should buy coins that have less total allotments because its like playing the lottery when its a normal price instead of when its high. If the lottery is high/the allotment is large the chance is you will need to share the payout.

Novo
May 13, 2003

Stercorem pro cerebro habes
Soiled Meat

Jombo posted:

Serious question: what does it matter how many coins there are? Any possible 'use' for cryptocurrencies can be done just as well with 0.00001 coins as it can be done with 1? (i.e. money laundering)

lots of stupid people believe in the quantity theory of money (but don't even know it has a name)

and yes, because cryptos are virtual systems it makes about as much sense as saying prime numbers are really valuable because they are rare

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QuarkJets
Sep 8, 2008

let it mellow posted:

t&a owns tho

TA was a good game, way ahead of its time, I don't think that planetary annihilation was really able to recapture the magic

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