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kw0134 posted:Except all the times it whipsawed between 5 an 10k when it peaked at 20k in 2016ish and only in the last six months it broke 20k again? Want to try again? I genuinely don't understand what's going on in your head here. I'm a person, on the internet, that made a simple suggestion a few years ago: "Hey this Crypto thing seems kinda promising, I suggest throwing some play money into it v0v" Somehow you seem to feel that I am supposed to come to this thread every time the price drops and do what? "Sorry the price dropped, I clearly predicted that it would ONLY go up so i guess I'm owned?" What are you expecting to see, as a post? Here's this volatile thing, it's speculative and highly risky but you might make some money on it. Sincerely, what the gently caress are you expecting here?
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Feb 21, 2021 23:10
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Ham Sandwiches posted:I genuinely don't understand what's going on in your head here. I'm a person, on the internet, that made a simple suggestion a few years ago: "Bitcoin is a bad investment because it's highly manipulable, is an ecological disaster, violates all the tenets it supposedly champions, is used largely by criminals for unambiguously criminal activity, and is likely to cause losses by people vulnerable to such grandiose promises." Pretty much every fairweather bitcoin proponent: "price go up, don't you feel stupid now you nocoiner????" So yes, if you want to address anything else and not slide into the thread, Kramer-like whenever butts reach some arbitrary number, then we'll listen to you as opposed to the magic of finding other idiots to raise the price the post hoc validation of your view because that's the only thing you have.
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Feb 21, 2021 23:15
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kw0134 posted:Because it addresses none of the actual reasons why it's a stupid investment? Here's the basic conversation: I think I asked you a very simple question: During the times that the price of Bitcoin would drop, what were you expecting me to post that would somehow be consistent with this position that this speculative thing might not be completely devoid of moneymaking opportunity? What does saying "Bitcoin may be worth speculating in" obligate me to post when the price drops? I really would like to understand. The idea that "I'm not posting when the price drops" has nothing to do with what you wrote above, which is somehow convincing you that Bitcoin is a sound investment?
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Feb 21, 2021 23:19
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ZaronYeras posted:I wish I had you guys confidence that Bitcoin is going to crash, because the true nightmare scenario is if it doesn't crash, and trillions of dollars worth of value is just trapped outside of the productive economy, no one ever spending it, increasing in size every year https://www.youtube.com/watch?v=wR94x-OOVNc Ham Sandwiches posted:Sincere question: Has it occured to these posters that the number has been going up most of the time SA has had a bitcoin thread?  Waltzing Along posted:How did ham sandwichs get unbanned? CaptainSarcastic posted:So what? "Number go up!" is not an answer to anything. kw0134 posted:Bitcoin is a scam that generates no real economic value and all the money thrown at it is a sunk cost that impoverishes society. The price is irrational, and it's funny you're only here when the price is high and never around when the price is low. =  (USER WAS PUT ON PROBATION FOR THIS POST) (USER WAS PERMABANNED FOR THIS POST)
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Feb 21, 2021 23:20
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Ham Sandwiches posted:I think I asked you a very simple question: During the times that the price of Bitcoin would drop, what were you expecting me to post that would somehow be consistent with this position that this speculative thing might not be completely devoid of moneymaking opportunity? What does saying "Bitcoin may be worth speculating in" obligate me to post when the price drops? I really would like to understand.
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Feb 21, 2021 23:28
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kw0134 posted:No, you only come in here because "hey price go up!" which is worthless masturbating. I'd prefer, actually, that you don't post at all if that is all you can muster. I continue to be confused by your refusal to answer my question. What should I have been posting when the price went down? What were the posts that would have made my position more than worthless masturbating? I'm really not getting what you expected to see. Can you just give me like a blurb of this hypothetical post I would have written when the price drops that would have kept me from being a "hey price go up!" poster which you continue to assert is invalid? Were you looking for a post that said "hey folks, the price is down, I hope it goes back up because the idea here is to make money, good luck everyone" or was it more than that?
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Feb 21, 2021 23:32
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So was Star Citizen Seraph's personality-replacement before Buttcoin, or did he have something else he was using to fill the gap where a personality should be in those years?
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Feb 21, 2021 23:34
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Ham Sandwiches posted:I continue to be confused by your refusal to answer my question. What should I have been posting when the price went down? What were the posts that would have made my position more than worthless masturbating? I'm really not getting what you expected to see. Bitcoin is a scam and people who participate in it are scammers, true believers (as in, they treat it as a religion), or criminals. If you are not a true believer or a criminal, you're a scammer and fall into one of two categories: the bag holding would-be scammer, or the smart-money scammer that got out early. I hope this helps you understand why people aren't interested in listening to you. Your position that "hey it might be neat to invest some play money" is a scammer's position.
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Feb 21, 2021 23:41
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ZaronYeras posted:I wish I had you guys confidence that Bitcoin is going to crash, because the true nightmare scenario is if it doesn't crash, and trillions of dollars worth of value is just trapped outside of the productive economy, no one ever spending it, increasing in size every year I don’t know how to tell you this but that is already happening without Bitcoin poo poo
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Feb 21, 2021 23:43
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John_A_Tallon posted:Bitcoin is a scam and people who participate in it are scammers, true believers (as in, they treat it as a religion), or criminals. If you are not a true believer or a criminal, you're a scammer and fall into one of two categories: the bag holding would-be scammer, or the smart-money scammer that got out early. Ok so what posts, during price drops, if I had made them, would have shown that I was ideologically consistent with my position that Bitcoin was worth speculating in? I want to understand because I still can't get a straight answer.
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Feb 21, 2021 23:48
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Ham Sandwiches posted:Ok so what posts, during price drops, if I had made them, would have shown that I was ideologically consistent with my position that Bitcoin was worth speculating in? gently caress off.
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Feb 21, 2021 23:50
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Forget it, goons. It's ham sandwiches.
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Feb 21, 2021 23:51
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Have you guys ever considered that it's people like you who obsessively focus on bitcoin and why it is Bad that are really the weird cultish ones?
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Feb 21, 2021 23:51
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why dont u take bitcoin seriously in the thread for making fun of bitcoin
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Feb 21, 2021 23:54
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Treefingers posted:Have you guys ever considered that it's people like you who obsessively focus on bitcoin and why it is Bad that are really the weird cultish ones? "We're not a cult! You're a cult!" - L. Ron Hubbard
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Feb 21, 2021 23:58
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Ham Sandwiches posted:I continue to be confused by your refusal to answer my question. Bitcoin true believers can't fuckin' read, news at 11
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Feb 22, 2021 00:02
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CaptainSarcastic posted:"We're not a cult! You're a cult!"
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Feb 22, 2021 00:06
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Tnuctip posted:Is the gas/eth consumed by doing a transfer? Or does it exist as a “priority processing” fee by some clearinghouse that has lots of compute power? Asking because I honestly don’t know. The person that mines the block with your transaction gets the fee. They usually try to include the transactions that have the highest fee, and some people will pay a lot to have their work done first. Sending eth from one address to another takes 21,000 gas. You get to decide how much eth to spend per point of gas, in one-billionth units of eth called gwei which is dumb as hell. The average cost per gas is 100 of these loving things, so to just send any amount of eth you have to spend 0.0021 of it, which will run you about $4. Even more if you're transferring a token based on the network. Doing anything at all complicated can cost millions of gas.
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Feb 22, 2021 00:53
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Jokes on them. Gas is FREE from my rear end
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Feb 22, 2021 01:05
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I simply have the attendant pump it for me at the station.
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Feb 22, 2021 01:09
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HugeGrossBurrito posted:why dont u take bitcoin seriously in the thread for making fun of bitcoin
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Feb 22, 2021 01:19
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yeah ngl this thread was less exhausting when it was just laughing at seraph
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Feb 22, 2021 01:21
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None of them can argue for it competently lol
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Feb 22, 2021 01:43
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it was a lot less exhausting when it was just laughing at different obvious morons like logansryche, atlas, bruce and dank too its pretty rich for someone to come in here complaining we've been saying the same thing for 5 years when bitcoin's fundamentals have not changed and will not be changed because the big miners say they cant. of course we're saying the same thing, the only thing that has changed is the price, which makes it harder for btc to ever be accepted as a currency, and not easier. the price of something does not determine its adoption.
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Feb 22, 2021 01:49
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Ad by Khad posted:it was a lot less exhausting when it was just laughing at different obvious morons like logansryche, atlas, bruce and dank too In fact it usually does the opposite
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Feb 22, 2021 01:53
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Ad by Khad posted:it was a lot less exhausting when it was just laughing at different obvious morons like logansryche, atlas, bruce and dank too Thats what made it funny But i wonder what ever happened to atlas also the OG bitcoin thread back in the day was fun. I miss 3 phase who would talk about the technical nerdy aspects of bitcoin and blockchain stuff. I think it was him who said it was a case of the problem looking for a solution. m Also the furry who sold all his coins for a car and had the dirty coffee table. I wonder how he is feeling right now.
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Feb 22, 2021 01:54
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the nissan he sold his bitcoins at $40 to buy is probably pretty old now he probably still has the dog dick coffee table though
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Feb 22, 2021 02:00
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Ad by Khad posted:
Does he post in the deviantart thread
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Feb 22, 2021 02:15
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I hate everything about crypto and I sold ~20 btc years ago for a pittance, but I'm mining etherium because it looks like it's just $10-12/day after power costs and that covers most of my vices all at once. gently caress this awful planet.
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Feb 22, 2021 02:53
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Cabbages and Kings posted:I hate everything about crypto and I sold ~20 btc years ago for a pittance, but I'm mining etherium because it looks like it's just $10-12/day after power costs and that covers most of my vices all at once. Hope it crashes before you can sell any of it.
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Feb 22, 2021 02:56
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Fame Douglas posted:Hope it crashes before you can sell any of it. unlikely, move to coinbase to USD nightly. thanks for the thoughts and prayers tho, this burns like 5% the juice my weed operation does and it looks like for the moment it will more or less pay for groceries for 3 people so that's cool. once that stops being true, hopefully that also means silicon is generally available for things that are actually useful or somehow provide value to the world Ups_rail posted:Also the furry who sold all his coins for a car and had the dirty coffee table. I wonder how he is feeling right now. If I somehow hadn't sold out at any point along the way, what I spent on a Nissan alternator would be like a half million dollars now. I thought crypto was as stupid then as I do now, and I would have sold out at $100 or $500. It would be easy to tilt at, but not any more rational than tilting at having not taken out extra student loans to buy Google at IPO or something. Wasn't the whole point of Back to the Future II that obsessing about that stuff makes you a terrible person? Cabbages and VHS fucked around with this message at 03:40 on Feb 22, 2021 |
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Feb 22, 2021 03:16
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Hash rate is up 30% in like a month, so get some cash while you can, it's unlikely the returns will stay this way as more people jump on for FREE MONEY
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Feb 22, 2021 03:24
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salt shakeup posted:Hash rate is up 30% in like a month, so get some cash while you can, it's unlikely the returns will stay this way as more people jump on for FREE MONEY The nice thing is that if it's anything like 2017 GPU prices stay inflated for a while even after mining profits crash so you can both get all of the good mining times and still sell off your old hardware at wildly inflated prices. I impulse bought two 1080 Tis in March 2017, got about $3k from mining and then sold both for 50% above MSRP around February 2018 after mining profits went to poo poo.
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Feb 22, 2021 03:59
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Is there someone here that can do some critical analysis on Tether Coin? Apparently its 1 to 1 USD, but not?
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Feb 22, 2021 04:59
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no_recall posted:Is there someone here that can do some critical analysis on Tether Coin? Apparently its 1 to 1 USD, but not? It stinks
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Feb 22, 2021 05:00
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no_recall posted:Is there someone here that can do some critical analysis on Tether Coin? Apparently its 1 to 1 USD, but not? USD costs 1 USDT costs 1.0007 no 6 wait it's 7 again. USD is backed by the full faith and credit of the US government or some BS along those lines that we all mostly just agree on. USDT is backed by 'assets' and no you can't look. USD comes in green!
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Feb 22, 2021 05:16
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Cabbages and Kings posted:I hate everything about crypto and I sold ~20 btc years ago for a pittance, but I'm mining etherium because it looks like it's just $10-12/day after power costs and that covers most of my vices all at once. 3650 a year sounds like awful small amount to sell out for.
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Feb 22, 2021 05:16
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no_recall posted:Is there someone here that can do some critical analysis on Tether Coin? Apparently its 1 to 1 USD, but not? Company issues 40 billion tokens they say each are worth $1. Let’s assume said company only has ~300 million dollars. 300 million divided by 40 billion is the actual worth of a tether token.
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Feb 22, 2021 05:28
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oh hey ham sandwiches is mysteriously back
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Feb 22, 2021 05:33
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gary oldmans diary posted:oh hey ham sandwiches is mysteriously back -me walking down the meal deal aisle at sainsbury's
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Feb 22, 2021 05:39
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