buttcoin thraed 2019: I have an advanced degree in a field related to finance

The Something Awful Forums > Discussion > Serious Hardware/Software Crap > YOSPOS > buttcoin thraed 2019: I have an advanced degree in a field related to finance

«‹›344 »

Suspicious: Apr 30, 2005; You know he's the villain, because he's got shifty eyes.

the only left behind i read was like 1 page someone posted in a thread here and it featured jesus killing thousands of people in very gory ways. thought "yep, jesus killing throngs of people. fundies really get what he was all about."

# ? Feb 7, 2019 06:31

Adbot: ADBOT LOVES YOU

# ? Jun 7, 2024 11:39

Antivehicular: Dec 30, 2011; I wanna sing one for the cars
That are right now headed silent down the highway
And it's dark and there is nobody driving And something has got to give

Dixie Cretin Seaman posted:

are u familiar with the "left behind" books from 15-20 years ago? theres a part where the rapture has happened and the antichrist has just nuked chicago. the protagonist is in a suburb of chicago at the time so he rents a truck from the nearest rental place (charges it to his work credit card) and drives off to find his friends

I want to say this is immediately followed by him avoiding bumper-to-bumper freeway traffic by driving on the shoulder, which works perfectly and which only he is smart enough to try. That seems a fairly apt metaphor for how all these bitcoin guys get convinced they've learned One Weird Trick For Getting Rich that only they know and definitely isn't an obvious scam/flagrantly illegal/reinventing the finance wheel.

# ? Feb 7, 2019 06:55

...!: 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?

Boxturret posted:

mind of the bitcoiner

# ? Feb 7, 2019 07:21

...!: 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?

https://mobile.twitter.com/AlecZiupsnys/status/1091697800683900931

# ? Feb 7, 2019 07:23

Boxturret: Oct 3, 2013; Don't ask me about Sonic the Hedgehog diaper fetish

...! posted:

https://mobile.twitter.com/AlecZiupsnys/status/1091697800683900931

once it was shown that a single company could make fake dollars out of nowhere and pump the price up to nearly 20k the whole idea of tying a real world value to bitcoin became even more ridiculous than it was before

i also really like how they act like it went up from pennies to 3500, completely ignoring the year long drop from 20k

# ? Feb 7, 2019 07:41

Boxturret: Oct 3, 2013; Don't ask me about Sonic the Hedgehog diaper fetish

https://twitter.com/pew74122754/status/1091777208337686528

# ? Feb 7, 2019 07:44

Notorious b.s.d.: Jan 25, 2003; by Reene

...! posted:

https://mobile.twitter.com/AlecZiupsnys/status/1091697800683900931

this is a fundamental misunderstanding of speculative bubbles

$0.03 and $1,000,000 are both totally rational values for bitcoin, given thin enough trading and big enough hype

# ? Feb 7, 2019 07:47

Notorious b.s.d.: Jan 25, 2003; by Reene

see also: gold

enough gold is mined every year to satisfy world demand several times over. this has been true for at least the last thirty years, maybe longer

there is like 100+ years of gold demand stockpiled out there

(and this is even pretending that indian "jewelry" demand is for actual jewelry, when in fact it is bullion -- if you subtract india it's like 200+ years of stockpile)

the value of gold could be $30 an ounce, tomorrow. or it could be $4,000 an ounce. who the hell knows?

---

p.s. unlike bitcoin there is actually a floor on the price of gold, after stockpiles are exhausted -- gold is useful in consumer goods and industrial applications

# ? Feb 7, 2019 07:49

Boxturret: Oct 3, 2013; Don't ask me about Sonic the Hedgehog diaper fetish

and bitcoin has a floor of trilliions because its the number of teeth satoshi has

# ? Feb 7, 2019 07:57

Dixie Cretin Seaman: Jan 22, 2008; all hat and one catte; Hot Rope Guy

creationist believer posted:

the slactivist chapter by chapter breakdown of the left behind books was really good

post/username anticombo

Notorious b.s.d. posted:

this is a fundamental misunderstanding of speculative bubbles

$0.03 and $1,000,000 are both totally rational values for bitcoin, given thin enough trading and big enough hype

so will mcafee eat the dick

# ? Feb 7, 2019 08:04

Notorious b.s.d.: Jan 25, 2003; by Reene

Dixie Cretin Seaman posted:

so will mcafee eat the dick

i wouldn't take a bet either way

on a thinly-traded, purely speculative asset, pretty much all values are fair game

# ? Feb 7, 2019 08:13

Notorious b.s.d.: Jan 25, 2003; by Reene

it's 100% plausible that bitcoin goes "to the moon," because speculative assets are dumb as gently caress

almost none of the hodlers will be able to liquidate or earn any economic profits, because bitcoin is thinly traded

# ? Feb 7, 2019 08:14

Notorious b.s.d.: Jan 25, 2003; by Reene

does it matter if bitcoin "achieves" $500k if it's impossible to actually sell 1.0 bitcoin at that value?

because that's kinda the most likely scenario for that price point

there is no reason to expect trade volumes or order book depths (in $$$) to rise in the future, so how would you liquidate a large bitcoin holding, even if the "price" were huge? that "price" would disappear as soon as you disposed of a small fraction of your holding

# ? Feb 7, 2019 08:15

Notorious b.s.d.: Jan 25, 2003; by Reene

for those who don't work in pink sheets or whatever

let's say current trade volume in bitcoin is $10,000 a day, at $3,300 a bitcoin -- obviously these are not real values, they are just to make math easy -- that means we see about 3 btc a day exchanged for usd

in a world where bitcoin is $0.30, there's no reason to think the trade volume would be a lot different. the demand for bitcoin in order to buy child pornography and illegal drugs is about the same. at the other end, it still gets converted to a usable currency. so we see like, 10k btc a day traded

in a world where bitcoin is $500k, there's still no reason to think the $$$$ trade volume would be a lot different. c.f. bitcoin, child porn, drugs. so we see like, 0.02 btc traded a day.

in all cases: the order books are pretty damned thin. only so many $$$ enter or leave the ecosystem every day, regardless of how much btc is involved in between.

it is 100% possible for bitcoin to go "to the moon," or crash to $0.30, and make no difference whatsoever in the basic economics of bitcoin. it's a speculative asset! the "value" is arbitrary! all that matters is the order book, and not being the dumbass holding the asset when prices fall.

# ? Feb 7, 2019 08:20

Shame Boy: Mar 2, 2010

ok but dude get this:

what if we just all agree that one bitcoin is worth a million dollars?? who's gonna stop us???

# ? Feb 7, 2019 08:29

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

Notorious b.s.d. posted:

see also: gold

enough gold is mined every year to satisfy world demand several times over. this has been true for at least the last thirty years, maybe longer

that's only because it isn't used for currency

# ? Feb 7, 2019 08:29

Dixie Cretin Seaman: Jan 22, 2008; all hat and one catte; Hot Rope Guy

Notorious b.s.d. posted:

i wouldn't take a bet either way

on a thinly-traded, purely speculative asset, pretty much all values are fair game

Notorious b.s.d. posted:

it's 100% plausible that bitcoin goes "to the moon," because speculative assets are dumb as gently caress

almost none of the hodlers will be able to liquidate or earn any economic profits, because bitcoin is thinly traded

Notorious b.s.d. posted:

does it matter if bitcoin "achieves" $500k if it's impossible to actually sell 1.0 bitcoin at that value?

because that's kinda the most likely scenario for that price point

there is no reason to expect trade volumes or order book depths (in $$$) to rise in the future, so how would you liquidate a large bitcoin holding, even if the "price" were huge? that "price" would disappear as soon as you disposed of a small fraction of your holding

Notorious b.s.d. posted:

for those who don't work in pink sheets or whatever

let's say current trade volume in bitcoin is $10,000 a day, at $3,300 a bitcoin -- obviously these are not real values, they are just to make math easy -- that means we see about 3 btc a day exchanged for usd

in a world where bitcoin is $0.30, there's no reason to think the trade volume would be a lot different. the demand for bitcoin in order to buy child pornography and illegal drugs is about the same. at the other end, it still gets converted to a usable currency. so we see like, 10k btc a day traded

in a world where bitcoin is $500k, there's still no reason to think the $$$$ trade volume would be a lot different. c.f. bitcoin, child porn, drugs. so we see like, 0.02 btc traded a day.

in all cases: the order books are pretty damned thin. only so many $$$ enter or leave the ecosystem every day, regardless of how much btc is involved in between.

it is 100% possible for bitcoin to go "to the moon," or crash to $0.30, and make no difference whatsoever in the basic economics of bitcoin. it's a speculative asset! the "value" is arbitrary! all that matters is the order book, and not being the dumbass holding the asset when prices fall.

sorry, i only understand economics concepts explained through harry potter fanfic

# ? Feb 7, 2019 08:39

Boxturret: Oct 3, 2013; Don't ask me about Sonic the Hedgehog diaper fetish

Notorious b.s.d. posted:

it's 100% plausible that bitcoin goes "to the moon," because speculative assets are dumb as gently caress

almost none of the hodlers will be able to liquidate or earn any economic profits, because bitcoin is thinly traded

the "moon" used to be 10k, that was the magic number that they kept chanting in their dark rituals, the point at which all naysayers would realise the folly of their ways and either join the cult or kill themselves out of regret, the point of hyperbitcoinization

Notorious b.s.d. posted:

the demand for bitcoin in order to buy child pornography

that comes built in now thanks to craig "satoshi's" vision

# ? Feb 7, 2019 08:49

gschmidl: Sep 3, 2011; watch with knife hands

Dixie Cretin Seaman posted:

sorry, i only understand economics concepts explained through harry potter fanfic

bitcoin is all the Unforgivable Curses at once.

# ? Feb 7, 2019 08:51

...!: 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?

Notorious b.s.d. posted:

does it matter if bitcoin "achieves" $500k if it's impossible to actually sell 1.0 bitcoin at that value?

because that's kinda the most likely scenario for that price point

there is no reason to expect trade volumes or order book depths (in $$$) to rise in the future, so how would you liquidate a large bitcoin holding, even if the "price" were huge? that "price" would disappear as soon as you disposed of a small fraction of your holding

no you see once it's at 500k you won't need to sell, bitcoin will be the one world currency and dollars will be worthless

# ? Feb 7, 2019 08:52

Boxturret: Oct 3, 2013; Don't ask me about Sonic the Hedgehog diaper fetish

bitcoin will be worth five hundred thousand completely worthless us dollars

# ? Feb 7, 2019 09:00

...!: 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?

well they do acknowledge that if that were to happen then attempting to valuate bitcoins in dollars would be completely pointless

# ? Feb 7, 2019 09:40

Weatherman: Jul 30, 2003; WARBLEKLONK

does the ! in :wrong:

stand for ...! i wonder

edit: i hope at least one goon reads this thread using a text to speech thing because the previous line must have been a doozy

# ? Feb 7, 2019 14:23

Hammerite: Mar 9, 2007; And you don't remember what I said here, either, but it was pompous and stupid.; Jade Ear Joe

jeffery posted:

literally applying for jobs without acceptance for the next 9 months

PleasureJeffery

# ? Feb 7, 2019 15:50

BangersInMyKnickers: Nov 3, 2004; I have a thing for courageous dongles

Shame Boy posted:

ok but dude get this:

what if we just all agree that one bitcoin is worth a million dollars?? who's gonna stop us???

--icelandic financial genius

# ? Feb 7, 2019 16:07

Beelzebufo: Mar 5, 2015; Frog puns are toadally awesome

Weatherman posted:

does the ! in stand for ...! i wonder

edit: i hope at least one goon reads this thread using a text to speech thing because the previous line must have been a doozy

I always hear ! on its own as the metal gear solid discovery sound.

# ? Feb 7, 2019 17:36

Boxturret: Oct 3, 2013; Don't ask me about Sonic the Hedgehog diaper fetish

...! posted:

well they do acknowledge that if that were to happen then attempting to valuate bitcoins in dollars would be completely pointless

but then the market cap would be meaningless....

if they valued the market cap in bitcoins it wouldn't go up by trillions a day in 2034

# ? Feb 7, 2019 18:36

AlbieQuirky: Oct 9, 2012; Just me and my 🌊dragon🐉 hanging out

Weatherman posted:

does the ! in stand for ...! i wonder

edit: i hope at least one goon reads this thread using a text to speech thing because the previous line must have been a doozy

�does the exclamation mark in image stand for ellipsis exclamation mark, i wonder�

# ? Feb 7, 2019 18:47

El_Elegante: Jul 3, 2004; by Jeffrey of YOSPOS; Biscuit Hider

Hammerite posted:

PleasureJeffery

lmao

# ? Feb 7, 2019 18:59

Boxturret: Oct 3, 2013; Don't ask me about Sonic the Hedgehog diaper fetish

i don't think microsoft sam is in windows 10

all there is is microsoft david, microsoft mark, and microsoft richard :cry:

# ? Feb 7, 2019 19:01

gschmidl: Sep 3, 2011; watch with knife hands

What about Microsoft Bob

# ? Feb 7, 2019 19:10

Burger King Bathroom: Jan 11, 2005; Arbeit macht LOL

I thought he had hanged himself with his socks but apparently not. Keep the (false) hope alive, Ross!

https://twitter.com/RealRossU/status/1092841769413136384

# ? Feb 7, 2019 19:27

BMan: Oct 31, 2015; KNIIIIIIFE
EEEEEYYYYE
ATTAAAACK

https://vocaroo.com/i/s1qMG1m4Q9Ry

# ? Feb 7, 2019 19:30

pseudorandom name: May 6, 2007

gschmidl posted:

bitcoin is all the Unforgivable Curses at once.

hi could you explain this metaphor in, I don't know, Star Wars terms?

# ? Feb 7, 2019 19:31

gschmidl: Sep 3, 2011; watch with knife hands

pseudorandom name posted:

hi could you explain this metaphor in, I don't know, Star Wars terms?

Sure: it's the Elan Sleazebaggano of Balosar slythmongers.

# ? Feb 7, 2019 19:34

BMan: Oct 31, 2015; KNIIIIIIFE
EEEEEYYYYE
ATTAAAACK

https://vocaroo.com/i/s1WN8zZGetFe

# ? Feb 7, 2019 19:35

...!: 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?

AlbieQuirky posted:

�does the exclamation mark in image stand for ellipsis exclamation mark, i wonder�

# ? Feb 7, 2019 19:43

...!: 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?

diydude2 � 1 point � submitted 2 days ago

It's easier than Venmo. You don't even need to sign up for anything, just get a wallet.

If you can send a text message, you can send and receive Bitcoin.

# ? Feb 7, 2019 19:45

...!: 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?

turns out diydude is also a 9/11 conspiracy theorist

# ? Feb 7, 2019 19:49

Adbot: ADBOT LOVES YOU

# ? Jun 7, 2024 11:39

ponzicar: Mar 17, 2008

gschmidl posted:

Sure: it's the Elan Sleazebaggano of Balosar slythmongers.

quote:

The character was named by Star Wars creator George Lucas.[4]

# ? Feb 7, 2019 19:52

The Something Awful Forums > Discussion > Serious Hardware/Software Crap > YOSPOS > buttcoin thraed 2019: I have an advanced degree in a field related to finance

«‹›344 »