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gary oldmans diary
Sep 26, 2005
the true classic inflatable shoes were reeboks. i hardly remember nike even having them (probably because pushing air jordans was more successful)
https://i.imgur.com/JedmiQh.mp4

gary oldmans diary fucked around with this message at 21:32 on Jul 17, 2018

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Mozi
Apr 4, 2004

Forms change so fast
Time is moving past
Memory is smoke
Gonna get wider when I die
Nap Ghost
if you wanna dump... you gotta pump

Barudak
May 7, 2007

gary oldmans diary posted:

the classic inflatable shoes were reeboks
https://i.imgur.com/JedmiQh.mp4

gently caress, Nike wins again in my brain space.

Lambert
Apr 15, 2018

by Fluffdaddy
Fallen Rib
If Bitcoin reaches 100000 by the end of the year, I'm eating a delicious Big Mac.

GABA ghoul
Oct 29, 2011

A nanosatoshi in the hand is worth a microsatoshi in the bush and many a mickle makes a muckle :hmmyes:

moolchaba
Jul 21, 2007
Canada is all about crypto.


https://www.youtube.com/watch?v=Y1TClYmgbrM

moolchaba fucked around with this message at 22:58 on Jul 17, 2018

house of the dad
Jul 4, 2005

I have $48 of bitcoin I bought planning to use for online poker before remembering that I hate poker. Now I just watch it rise and fall in my wallet like a dumb little fishbowl of money.

UCS Hellmaker
Mar 29, 2008
Toilet Rascal
Apperently it's near vertical rises up right now to almost 7.5k that's a stable and organic increase yep yep

Bleusilences
Jun 23, 2004

Be careful for what you wish for.

Buy high, sell low; the bitcoin way!

Rock Puncher
Jul 26, 2014
now is the time to panic buy

goons were wrong again

the sleeping giant is now awake and ready to turn my mortgage back into the black, only 10k to go!

lazorexplosion
Mar 19, 2016

The number of cycles of "bitcoin goes up a bit -> people continue to pour money into it at cost that is vastly inflated compared to the price it was a very short time ago -> those people lose even more of their poo poo as it collapses back down again because it isn't any more useful now than it was then" the bitcoin market can sustain is a direct measure of the intelligence of the average bitcoin 'investor'.

Looks like some people can touch the hot stove five or six times and still not understand why their hand hurts.

Crypto Cobain
Jun 17, 2018

by Reene

Rock Puncher posted:

now is the time to panic buy

goons were wrong again

the sleeping giant is now awake and ready to turn my mortgage back into the black, only 10k to go!
lmao

Andy Dufresne
Aug 4, 2010

The only good race pace is suicide pace, and today looks like a good day to die

lazorexplosion posted:

The number of cycles of "bitcoin goes up a bit -> people continue to pour money into it at cost that is vastly inflated compared to the price it was a very short time ago -> those people lose even more of their poo poo as it collapses back down again because it isn't any more useful now than it was then" the bitcoin market can sustain is a direct measure of the intelligence of the average bitcoin 'investor'.

Looks like some people can touch the hot stove five or six times and still not understand why their hand hurts.

This time it's different, haven't you seen all of the positive news of bitcoin developments on such websites as btcnewz.info that are inspiring all of the new market activity from brand new investors?

MrUnderbridge
Jun 25, 2011

There's even been ads on Joe Screwdrivers Retro Tech channel on Roku.

"Crypto is here to stay! Keep up with all the latest on our Yahoo crypto app!"

comedyblissoption
Mar 15, 2006

lazorexplosion posted:

The number of cycles of "bitcoin goes up a bit -> people continue to pour money into it at cost that is vastly inflated compared to the price it was a very short time ago -> those people lose even more of their poo poo as it collapses back down again because it isn't any more useful now than it was then" the bitcoin market can sustain is a direct measure of the intelligence of the average bitcoin 'investor'.

Looks like some people can touch the hot stove five or six times and still not understand why their hand hurts.
Actually according to some in this thread, it's only institutional investors that are losing out! The normal average joe bitcoiner is surely making bank or drawing even.

I would blow Dane Cook
Dec 26, 2008
In honour of AaroTrek they should call them pedo pesos.

divabot
Jun 17, 2015

A polite little mouse!

I would blow Dane Cook posted:

In honour of AaroTrek they should call them pedo pesos.

imagine, right, a sex offender registry, right,

but on the blockchain,,

we call this "bitcoin"

gary oldmans diary
Sep 26, 2005
child porn on block chain. interlinked
interlinked
number go up. interlinked
interlinked
do you dream about being a bitcoin millionaire? interlinked
interlinked
will bitcoin become the global currency? interlinked
interlinked

Goa Tse-tung
Feb 11, 2008

;3

Yams Fan

gary oldmans diary posted:

child porn on block chain. interlinked
interlinked
number go up. interlinked
interlinked
do you dream about being a bitcoin millionaire? interlinked
interlinked
will bitcoin become the global currency? interlinked
interlinked

within coins interlinked

Grand Theft Autobot
Feb 28, 2008

I'm something of a fucking idiot myself
Overheard in the office today that bitcoin is projected to go to $60k per coin this year. Wow! Should I buy now or wait until it gets closer to 60?

Lambert
Apr 15, 2018

by Fluffdaddy
Fallen Rib
The pump was less than 24 hours ago and newspaper are already publishing ridiculous articles about how this is a possible trend reversal. People are stupid.

gary oldmans diary
Sep 26, 2005


looks so natural when you zoom in on any of the long green bars and they never stretch into a natural day or hour-long upswing. they just stay as a sudden vertical spike as in

gary oldmans diary fucked around with this message at 16:09 on Jul 18, 2018

spankmeister
Jun 15, 2008






pamp eet

Adar
Jul 27, 2001

gary oldmans diary posted:



looks so natural when you zoom in on any of the long green bars and they never stretch into a natural day or hour-long upswing. they just stay as a sudden vertical spike as in



those are almost always liquidation cascades

someone buys a large amount of coins -> margin traders reach their stop loss triggers -> exchange forces them to liquidate by buying/selling coins on the market -> price goes up/down as there isn't enough liquidity to meet demand -> more margin traders are liquidated -> repeat. this is where TA comes in; because a lot of the heavier traders believe in it, a lot of the triggers live around 'predictable' TA points so someone making a large market buy or sell is usually gambling on forcing those cascades to happen at those spots.

(also, the very unregulated margin trading exchanges know exactly where those triggers are for everyone making them on their platforms, so margin trading bitcoin for large amounts is basically asking Bitmex or OKEX to be really nice to you and not trade directly against your order to make an easy 5-10%. which one of those two explanations you believe in may vary)

ilmucche
Mar 16, 2016

What did you say the strategy was?
With the chatter of illegal stuff going on the blockchain and whatnot in the Elon Musk thread, wouldn't be viable to get a bunch of times square info onto the blockchain? Would that result in China killing it off?

Clockwerk
Apr 6, 2005


I’m not sure how this plan would work, but I’m confident that it is good for bitcoin

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish

ilmucche posted:

With the chatter of illegal stuff going on the blockchain and whatnot in the Elon Musk thread, wouldn't be viable to get a bunch of times square info onto the blockchain? Would that result in China killing it off?

bitcoiners suggested that once when china first started getting in to bitcoin but i don't think anything ever came of it because :effort:

Risc1911
Mar 1, 2016

https://twitter.com/coindesk/status/1019782648946937857

https://www.youtube.com/watch?v=DZXjR26m_d0

Full Video.

Risc1911 fucked around with this message at 14:20 on Jul 19, 2018

Andy Dufresne
Aug 4, 2010

The only good race pace is suicide pace, and today looks like a good day to die

The replies to these tweets are always so bizarre to me. Imagine being so upset with a company because they switched payment processors or their underlying database.

Heath
Apr 30, 2008

🍂🎃🏞️💦
It hurts their bottom line because they need people to start adopting crypto and if the fundamental selling point of Bitcoin is delegitimized because it's bad it will drive the price down. The true believers think the block chain is the future of technology generally, if not Bitcoin specifically. An acquaintance of mine joined up with some kind of crypto startup a bit after the big crash, around the time the value of Bitcoin was stabilizing (for the time being) saying that buying crypto wasn't necessarily investing in Bitcoin, but investing in the block chain. Of course, you can't actually invest in block chain because it isn't owned by anybody and doesn't generate anything, but that didn't seem to stop him from talking about the adoption of crypto as the future of currency because something something shared ledger. He seemed to not quite understand the concept of what gives something value and argued that value is purely in terms of whatever it's agreed upon to be and has nothing to do with utility or commodity. In other words, the exact sort of person Bitcoin appeals to.

TROIKA CURES GREEK
Jun 30, 2015

by R. Guyovich

Heath posted:

He seemed to not quite understand the concept of what gives something value and argued that value is purely in terms of whatever it's agreed upon to be and has nothing to do with utility or commodity.

This is by far the most commonly accepted definition of value hth

utility and commodity are inputs, sometimes.

junan_paalla
Dec 29, 2009

Seriously, do drugs

TROIKA CURES GREEK posted:

This is by far the most commonly accepted definition of value hth

utility and commodity are inputs, sometimes.

Price is what you pay, value is what you get.

Elias_Maluco
Aug 23, 2007
I need to sleep
well, why not?



http://www.soccercoin.eu/

EorayMel
May 30, 2015

WE GET IT. YOU LOVE GUN JESUS. Toujours des fusils Bullpup Français.
Can I Pele you in Soccercoin?

QuarkJets
Sep 8, 2008


A lot of the replies are like "good riddance, bitcoin doesn't need payment processors!"

just ignore the years when they were excited about Stripe and others were showing interest at all

Fried Watermelon
Dec 29, 2008


I'm gonna invest in SQL

kw0134
Apr 19, 2003

I buy feet pics🍆

TROIKA CURES GREEK posted:

This is by far the most commonly accepted definition of value hth

utility and commodity are inputs, sometimes.
The proposition that value is what people pay for is homo economicus behavior, which assumes full information and clearly communicated positions between two rational parties. This doesn't work any more than claiming that a pension fund buying investment graded mortgage CDOs in 2007 made the underlying assets of ranch homes in Vegas with half-million dollar loans made to busboys any less risky because both parties agreed on the price for the derivative.

When one party is selling bullshit to another credulous party that has no chance of realizing its promises, that's not some sort of inevitable outcome of the economics, that's fraud.

Harveygod
Jan 4, 2014

YEEAAH HEH HEH HEEEHH

YOU KNOW WHAT I'M SAYIN

THIS TRASH WAR AIN'T GONNA SOLVE ITSELF YA KNOW

kw0134 posted:

The proposition that value is what people pay for is homo economicus behavior, which rear endumes full information and clearly communicated positions between two rational parties.

SpacePig
Apr 4, 2007

Hold that pose.
I've gotta get something.

lol but you missed out on turning rational into rational.

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jimmyjams
Jan 10, 2001


King Kong of Megadongs
Gobblin' them mega schlongs
Makin' sure they mega long
Stroke' 'em if they mega strong
bonercoin. boners, but on the blockchain

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