Bitcoin: no angel investors, only Faustian bargains

The Something Awful Forums > Main > General Bullshit > Bitcoin: no angel investors, only Faustian bargains

Stealthgerbil: Dec 16, 2004

there are already free crypto trading bots out there and they will lose your money because no bot can predict when a thing will just randomly drop 20% or more in a day and then you are stuck holding a shitcoin

# ? Apr 14, 2021 17:05

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# ? May 30, 2024 00:46

Rectal Death Deft: Jan 10, 2020; by Nyc_Tattoo

Stealthgerbil posted:

there are already free crypto trading bots out there and they will lose your money because no bot can predict when a thing will just randomly drop 20% or more in a day and then you are stuck holding a shitcoin

most crypto trading bots come from people discovering the magic of limits and stops and realizing that through ten trillion microtrades you can theoretically never lose much money if you ignore the time required to try and do proper tax accounting.

# ? Apr 14, 2021 17:39

Stanley Pain: Jun 16, 2001; by Fluffdaddy

has anyone said COIN yet?

# ? Apr 14, 2021 17:47

Khanstant: Apr 5, 2007

its annoying to see how much money ive made percentagewise on robinhood, but its never going to be anything worth pulling out because the maximum return from 200 bucks total invested is so low

# ? Apr 14, 2021 18:05

hbag: Feb 13, 2021

orange juche posted:

This is the same person who set up an algorithm to notify them any time they were quoted anywhere on SA.

ftfy

# ? Apr 14, 2021 18:51

mojo1701a: Oct 9, 2008; Oh, yeah. Loud and clear. Emphasis on LOUD!
~ David Lee Roth

Bernie Madoff just died. I think that to honour a kindred spirit, we ought to have a moment of silence.

Buttcoin.

# ? Apr 14, 2021 18:55

Alan Smithee: Jan 4, 2005; A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...

Stanley Pain posted:

has anyone said COIN yet?

is there a stock with ticker BUTT

# ? Apr 14, 2021 19:07

orange juche: Mar 14, 2012

hbag posted:

ftfy

Didn't astral tell you no

# ? Apr 14, 2021 19:18

hbag: Feb 13, 2021

orange juche posted:

Didn't astral tell you no

yea i stopped using it after that
still made it tho

# ? Apr 14, 2021 19:27

Stanley Pain: Jun 16, 2001; by Fluffdaddy

Alan Smithee posted:

is there a stock with ticker BUTT

i read this as thicker butt

# ? Apr 14, 2021 19:30

TasogareNoKagi: Jul 11, 2013

mojo1701a posted:

Bernie Madoff just died. I think that to honour a kindred spirit, we ought to have a moment of silence.

Buttcoin.

https://www.youtube.com/watch?v=eJ2qBlrW9vw

# ? Apr 14, 2021 19:39

Alan Smithee: Jan 4, 2005; A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...

Stanley Pain posted:

i read this as thicker butt

than this?

no sir

# ? Apr 14, 2021 20:33

Stanley Pain: Jun 16, 2001; by Fluffdaddy

Alan Smithee posted:

than this?

no sir

do you guarantee the thickest?

# ? Apr 14, 2021 20:54

spankmeister: Jun 15, 2008

Rectal Death Deft posted:

most crypto trading bots come from people discovering the magic of limits and stops and realizing that through ten trillion microtrades you can theoretically never lose much money if you ignore the time required to try and do proper tax accounting.

Ah so it's like a roulette betting strategy where you can have very small profits when taking huge risk.

# ? Apr 14, 2021 21:32

CaptainSarcastic: Jul 6, 2013

I liked this totally-not-propaganda piece from a Forbes cryptocultist touting a former CIA director saying Bitcoin is totally legit and we need to do more crypto to avoid a Strangelovian crypto gap with China.

https://www.forbes.com/sites/stevenehrlich/2021/04/13/janet-yellen-bitcoin-and-crypto-fearmongers-get-pushback-from-former-cia-director/

# ? Apr 14, 2021 23:01

Alan Smithee: Jan 4, 2005; A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...

*surrounded by water cooled mining rig*

"precious fluids"

# ? Apr 14, 2021 23:23

Shumagorath: Jun 6, 2001

Alan Smithee posted:

*surrounded by rising sea levels accelerated by buttcoin*

"precious fluids"

# ? Apr 15, 2021 02:04

salt shakeup: Jun 27, 2004; 'orrible fucking nights

Coinbase valued at $85 billion. BTC, ETH and DOGE hit all time highs. Pretty insane.

# ? Apr 15, 2021 02:31

PHIZ KALIFA: Dec 21, 2011; #mood

it dawned on me that even with absolutely no one else rebuying NFTs that poo poo is still going to continue for years just because companies will always sell what people don't want.

# ? Apr 15, 2021 02:53

hbag: Feb 13, 2021

well the binance testnet doesnt have DOGE/USDT trading pairs on it so i guess im testing it with something else
something volatile preferably

# ? Apr 15, 2021 03:48

Somfin: Oct 25, 2010; In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.; Nap Ghost

salt shakeup posted:

Coinbase valued at $85 billion. BTC, ETH and DOGE hit all time highs. Pretty insane.

Yeah the audit is gonna hit pretty hard

# ? Apr 15, 2021 03:59

CoolCab: Apr 17, 2005; glem

sorry, audit?

# ? Apr 15, 2021 04:02

hbag: Feb 13, 2021

decided to test with ETH

literally all it does right now is get the current price but im pretty proud

# ? Apr 15, 2021 04:04

Somfin: Oct 25, 2010; In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.; Nap Ghost

CoolCab posted:

sorry, audit?

You know, the thing that legitimate companies go through from time to time?

# ? Apr 15, 2021 04:08

CoolCab: Apr 17, 2005; glem

Somfin posted:

You know, the thing that legitimate companies go through from time to time?

oh I thought you were referencing something specific, sorry.

# ? Apr 15, 2021 04:10

notwithoutmyanus: Mar 17, 2009

hbag posted:

decided to test with ETH

literally all it does right now is get the current price but im pretty proud

now just make sure every time it outputs, balance goes down.

I literally run algobots and yes it can work but this isn't something you just pick up and do without expecting to lose money for a long while. There's a whole lot that can go wrong that you won't realize right away, or will happen when you're sleeping.

# ? Apr 15, 2021 05:25

The Sausages: Sep 30, 2012; What do you want to do? Who do you want to be?

ProperGanderPusher posted:

lol

# ? Apr 15, 2021 12:35

Paladinus: Jan 11, 2014; heyHEYYYY!!!

code:

import math
import buttapi

buttprice = long(getprice(butt))
if buttprice == high
    buy(butt)
if buttprice == low
    sell(butt)

# ? Apr 15, 2021 12:57

Gazpacho: Jun 18, 2004; by Fluffdaddy; Slippery Tilde

Warthog posted:

I don't really see a difference between cryptos and other ways to gamble with disposable income:
Money in the bank will get invested in anything that helps the bank make money - fossil fuels get a shitload and I'll get zilch in return.
Buying stocks I can either use a local bank and pay them a shitload for every transaction or change countries and lose all the security anyways.

if your jurisdiction has limited access to stock markets or poor investor protections that's an issue with local finance, not with the structure of the stock assets. This is like saying that that homeopathy is no worse than standard medicine because your local hospital is poorly managed (which people do say, btw)

Stanley Pain posted:

has anyone said COIN yet?

coinbutt?

# ? Apr 15, 2021 17:24

Desert Bus: May 9, 2004; Take 1 tablet by mouth daily.

Why is Dogecoin worth like $0.20 each now? It's pretty much tripled in the past few days. Did something happen or just "lol crypto."?

# ? Apr 15, 2021 21:40

Paladinus: Jan 11, 2014; heyHEYYYY!!!

Desert Bus posted:

Why is Dogecoin worth like $0.20 each now? It's pretty much tripled in the past few days. Did something happen or just "lol crypto."?

It's a cute dog.

# ? Apr 15, 2021 21:45

Stealthgerbil: Dec 16, 2004

if you want just go download a free copy of profittrailer and lose your money. it does technical analysis which of course doesn't mean anything with crypto because its all made up and dumb.

# ? Apr 15, 2021 21:48

Alan Smithee: Jan 4, 2005; A man becomes preeminent, he's expected to have enthusiasms.

Enthusiasms, enthusiasms...

Paladinus posted:

It's a cute dog.

I like dog

# ? Apr 15, 2021 21:50

Gazpacho: Jun 18, 2004; by Fluffdaddy; Slippery Tilde

Paladinus posted:

It's a cute dog.

I wasnt sure about this but i watched coindesk's roundtable coverage and the "cute dog" theory does seem to have some credibility

# ? Apr 15, 2021 22:43

Somfin: Oct 25, 2010; In my🦚 experience🛠️ the big things🌑 don't teach you anything🤷‍♀️.; Nap Ghost

Gazpacho posted:

I wasnt sure about this but i watched coindesk's roundtable coverage and the "cute dog" theory does seem to have some credibility

Can't wait for the very serious crypto folks to explain dogecoin becoming more valuable than bitcoin

# ? Apr 15, 2021 23:24

War Wizard: Jan 4, 2007

It's good that the parody currency is currently doing better than the currency it's parodying. This indisputably proves that fiat currency can be completely thrown away now. Thank u for listening to my tech blog.

# ? Apr 15, 2021 23:32

salt shakeup: Jun 27, 2004; 'orrible fucking nights

Why's it valuable? Have you SEEN that yellow dog? It's incredible.

# ? Apr 15, 2021 23:48

ohnobugs: Feb 22, 2003

It's a good doge. I think crypto's just bubbling up in general right now because of the Coinbase IPO.

# ? Apr 15, 2021 23:49

Fame Douglas: Nov 20, 2013; by Fluffdaddy

ohnobugs posted:

It's a good doge. I think crypto's just bubbling up in general right now because of the Coinbase IPO.

Those don't seem connected, especially considering cryptocurrency has been bubbling for while now. Coinbase doesn't even trade Doge.

# ? Apr 15, 2021 23:50

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# ? May 30, 2024 00:46

ohnobugs: Feb 22, 2003

Fame Douglas posted:

Those don't seem connected, especially considering cryptocurrency has been bubbling for while now. Coinbase doesn't even trade Doge.

You would think that wouldn't matter, but crypto is stupid. Dogecoin tripled this week. Coinbase IPO'd this week. It looks like a correlation to me. You're right about it bubbling along for a while too.

ohnobugs fucked around with this message at 00:05 on Apr 16, 2021

# ? Apr 15, 2021 23:52

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