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Poopernickel
Oct 28, 2005

electricity bad
Fun Shoe
what's the deal with winklecoins anyways?

if one coin is pegged to one dollar and you have to use their servers, how is that different than paypal?

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SubG
Aug 19, 2004

It's a hard world for little things.
PayPal but with bitcoin is perfect for bitcoiners because they hate PayPal and love poo poo that's like something else but with bitcoin.

Best Bi Geek Squid
Mar 25, 2016
I'm going to release a coin that is directly linked to the value of the USD - each coin is redeemable for $1. I will call it the dollar. get in on the ico while it's hot

Chalks
Sep 30, 2009

SubG posted:

PayPal but with bitcoin is perfect for bitcoiners because they hate PayPal and love poo poo

Triglav
Jun 2, 2007

IT IS HARAAM TO SEND SMILEY FACES THROUGH THE INTERNET

Poopernickel posted:

what's the deal with winklecoins anyways?

if one coin is pegged to one dollar and you have to use their servers, how is that different than paypal?

its a scheme for them to hold your USD longer to gain more interest income, op

while the winkles hold custody of the dollars, they get to put them in a money market fund or treasuries ladder

marketing-wise, they'll paint it as a legitimate version of tether, but nobody will use it, because accountholders will need to be identified by law

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
ive heard that the winkelvii are actually one very very fast man, is this true?

Midjack
Dec 24, 2007



Poopernickel posted:

what's the deal with winklecoins anyways?

if one coin is pegged to one dollar and you have to use their servers, how is that different than paypal?

it's a way to make two rich white men even richer at your own expense. sign here if you're interested.

Grace Baiting
Jul 20, 2012

Audi famam illius;
Cucurrit quaeque
Tetigit destruens.



the AI DAO that has not mooned is not the true AI DAO

Horrormelon
Jan 28, 2009

Only Gallagher can save us now.
Has buttcoin mooned? I mean, isn't it always mooning by definition?

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?
sfyl

quote:

HitBTC holding my bitcoins hostage for months! Is it just me? (self.Bitcoin)
submitted 2 hours ago by SatoshiBrother

I deposited 10+ bitcoins there to trade but then found better prices on another exchange, however when I tried to withdraw it appeared they are on hold.

They requested a ton of documentation and verifications which I provided but they kept asking for stuff including stuff that have been provided already.

It was funny that after all the documentation I provided they insisted on a gmail account, but I don't have one. Was never aware that is required.

Anyway, at this point it appears that they keep asking for stuff just to stall and I'm not sure if they have intention at all to release my bitcoins. This all has been going on for couple of months now.

What are my options to fight this at this point? For me this is almost everything I had and their actions are having real life consequences for me.

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
its so weird how they only need your information when you take the money out but not when you put it in

Horrormelon
Jan 28, 2009

Only Gallagher can save us now.

Boxturret posted:

its so weird how they only need your information when you take the money out but not when you put it in

Well, they have to protect themselves from getting scammed. Rumor has it that there are some unscrupulous characters in that community.

AlbieQuirky
Oct 9, 2012

Just me and my 🌊dragon🐉 hanging out

Horrormelon posted:

Well, they have to protect themselves from getting scammed. Rumor has it that there are some unscrupulous characters in that community.

stop spreading fiat fud, statist shill

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?
sfyl

quote:

Please learn from my mistake(s)...how I've financially ruined everything in less than 12 months (self.personalfinance)
submitted 3 hours ago * by FinanciallyFacked

It physically hurts me to be writing this post on this community, as r/ PF has been a place of education, growth and forum I've long benefitted from for over 3 years now (or so I thought).

Some may point out this could be on a different sub, but I want people in PF to see it & learn from my mistakes so they don't end up in the same boat. I'd never wish anyone to be in this boat.

This post should have been something I posted months ago, and maybe calling myself out back then would have helped me from getting to where I am now. Call it a rant, call it venting, call me every self-degrading term you can find in your dictionary, but for me I'm just calling it absolute, rock bottom.

A bit of background on me to give context to the situation: I'm a 24 Y.O. college grad who was blessed enough to have higher education paid for via my grandparents, which left me debt free when I graduated in 2016. I've been working in sales now for over 2 years and in theory should have been banking $25k annually (33% of my take home)

In terms of character - I'm a hard working and genuinely kind person along with being an Eagle Scout in the Boy Scouts of America.
What is killing me the most however, is that I'm engaged to be married in February to my best friend in the world, and sharing this would ruin everything.

So here we go -

Long story short, I got screwed in the 2017/2018 Cryptocurrency bubble, (even better is that I'm still in (lol)). By November I had invested all my liquidity available in hopes of turning $23k into ____ (I went in without an exit plan (BAD)). I didn't know where it would take me, but I was fully invested..emptied my E*TRADE, Savings, and literally all my liquid cash. By December, $23k had turned into $65k, and by January, $65k had turned into $92k. There are people reading this who will not think that is a lot of money. For me, that was and is a lot of money. High on life, and drunk on greed....

I didn't cash out.

By February, a combination of overtrading and the market crashing had turned my $92k into $38k. By March, $38k was $12k.

Pissed off, upset and angry, I fell into a rut. I had no idea why I hadn't pulled the trigger and gotten out when I should have. I will NOT make that mistake again.

However, at the time, I had no idea that I was falling into depression. You see, I work at home, and spend most of the day in my own head. In hindsight, this was a bad recipe brewing.

I started to chase.

I wanted the money back and I knew those markets were done for. I spent hours on hours learning trading strategies, techniques and more, in effort to start working to get it back.

I can't long or short the coins b/c of my states laws on which exchanges can operate.... but I found a few sites online where I could essentially bet on the price going up or down by a certain value % within a certain amount of time. This lost the remainder of the $12k.

The same gambling sites accepted credit cards. At the time, I had low credit debt between 6 cards, and a credit ceiling of just over $76k at my disposal. Feeling even more depressed from the $12k loss, I started to play around in the online casino. Blackjack to be specific. I filled the credit cards to the brim. (taking out 2 personal loans in the process). What got me to keep going back was that I had winnings on three different occassions of $40k+. And Id lose it all without cashing out. And then go spend more. 'thats how they get you'

Credit score had then dropped from 730 something to 640 (ish).

I freaked out. I called my parents crying (something I've never done), and told them everything. (July by now)

My parents are very well off, and TLDR ... Dad used his family money and savings from 25+ years to pay it all off. I promised him I canclled all the cards, and closed the gambling accounts. I hadn't.

Here we are in September now... and I've just maxed my cards again. There will be no running home this time. There will be no consolidation/loans taken out. I am writing to tell Reddit today that I am over $86k in credit debt alone, my score has fallen to mid 500s, and I have a gambling problem.

This is rock bottom. And I'd never wish this this depression on anybody.

Sham bam bamina!
Nov 6, 2012

ƨtupid cat
i was just checking in to see if they had freed ross yet but apparently this post is saying the Moon Boom was actually a bubble??

Sham bam bamina!
Nov 6, 2012

ƨtupid cat

...! posted:

I promised him I canclled all the cards, and closed the gambling accounts. I hadn't.
this thread always amazes me with the human capacity to be a stupid piece of poo poo

Sham bam bamina!
Nov 6, 2012

ƨtupid cat
what kind of hosed-up brain does it take to be such a fuckin idiot AND such an incredible rear end in a top hat

Sham bam bamina!
Nov 6, 2012

ƨtupid cat

Sham bam bamina! posted:

such a fuckin idiot AND such an incredible rear end in a top hat
dsyp :xd:

Beelzebufo
Mar 5, 2015

Frog puns are toadally awesome


Crypto’s 80% Plunge Is Now Worse Than the Dot-Com Crash

Best Bi Geek Squid
Mar 25, 2016
oh no turns out the moon was underwater this whole time

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
the real moon was the friends we made along the way

Dixie Cretin Seaman
Jan 22, 2008

all hat and one catte
Hot Rope Guy

sfy failson, dad

kw0134
Apr 19, 2003

I buy feet pics🍆

i refuse to believe that's real because that much pure schadenfreude shot into my veins will kill me

Ghostlight
Sep 25, 2009

maybe for one second you can pause; try to step into another person's perspective, and understand that a watermelon is cursing me



i believe it's real because who would lie about being an eagle scout

Weatherman
Jul 30, 2003

WARBLEKLONK
b-but he's a genuinely kind person, not like say people who post on reddit

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
https://twitter.com/ButtCoin/status/1040083726917677056

...!
Oct 5, 2003

I SHOULD KEEP MY DUMB MOUTH SHUT INSTEAD OF SPEWING HORSESHIT ABOUT THE ORBITAL MECHANICS OF THE JAMES WEBB SPACE TELESCOPE.

CAN SOMEONE PLEASE TELL ME WHAT A LAGRANGE POINT IS?

Sham bam bamina! posted:

this thread always amazes me with the human capacity to be a stupid piece of poo poo

you missed the part where he's not planning to tell his fiancée

Shame Boy
Mar 2, 2010

oh no they might have to work three whole years of cushy work from home sales job to pay off their credit card debt at their current savings rate if their dad doesn't bail them out again, what ever will they do

BBJoey
Oct 31, 2012

rjmccall posted:

i mean, even so, and even with full cooperation, 14 days seems like a really light sentence. one of his staff members got 8 years

Have you considered that he did nothing wrong

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish

BBJoey posted:

Have you considered that he did nothing wrong

he at no point tried to blame mark karpeles for all of his crimes

makes you think

Beelzebufo
Mar 5, 2015

Frog puns are toadally awesome


Boxturret posted:

he at no point tried to blame mark karpeles for all of his crimes

makes you think

i totally forgot about fatty from france. remember board member tibanne? ah memories :allears:

rjmccall
Sep 7, 2007

no worries friend
Fun Shoe

ate all the Oreos posted:

oh no they might have to work three whole years of cushy work from home sales job to pay off their credit card debt at their current savings rate if their dad doesn't bail them out again, what ever will they do

well, credit card interest rates, so like six years

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
no im sure he can gamble his way out of this, maybe his fiance has some extra money lying around that she might not miss rightaway

spankmeister
Jun 15, 2008






Sham bam bamina! posted:

what kind of hosed-up brain does it take to be such a fuckin idiot AND such an incredible rear end in a top hat

Gambling addiction is an illness.

rjmccall
Sep 7, 2007

no worries friend
Fun Shoe

Boxturret posted:

no im sure he can gamble his way out of this, maybe his fiance has some extra money lying around that she might not miss rightaway

if not i'm sure his company wouldn't mind kicking in a few bucks as a sort of involuntarily advance

Triglav
Jun 2, 2007

IT IS HARAAM TO SEND SMILEY FACES THROUGH THE INTERNET
they should try just betting the opposite of how they want to bet

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
pro tips on how to not lose 200k over 12 months gambling on bitcoin:

don't

i did it and i lost absolutely nothing! try it yourself!

Powerful Two-Hander
Mar 10, 2004

Mods please change my name to "Tooter Skeleton" TIA.


Boxturret posted:

pro tips on how to not lose 200k over 12 months gambling on bitcoin:

don't

i did it and i lost absolutely nothing! try it yourself!

whatever_you_do_don't.jpg

Djeser
Mar 22, 2013


it's crow time again

any good investment portfolio includes gambling. just ask any accountant and they'll tell you

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Paladinus
Jan 11, 2014

heyHEYYYY!!!
You have to spend money to spend money to possibly make not-money.

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