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cumshitter posted:you dont have any gains until you realize them so like, you know, cash out a little The equivalent of that in crypto is usdt (tether) and I always think... well what if this is as much as a house of cards as crypto as a whole and even that collapses one day? I wish somebody who knew more about it could tell me one way or the other if stable coins are necessarily foolproof. Obviously they aren't actual U.S. dollars
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May 11, 2021 10:34
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Yossarian-22 posted:The equivalent of that in crypto is usdt (tether) and I always think... well what if this is as much as a house of cards as crypto as a whole and even that collapses one day? I wish somebody who knew more about it could tell me one way or the other if stable coins are necessarily foolproof. Obviously they aren't actual U.S. dollars ????? that is just a derivative investment that strives to maintain a perfect 0.00% rate of return. its itchy & scratchy land money. its money, but fun why do i want to exchange dollars for a perfect 1:1 ratio dollar backed derivative? i would just keep the dollar. there isnt even the idea that its an investment, its just banking but dumber and the bank takes money and gives you chuck e. cheese prize tickets
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May 11, 2021 10:41
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cumshitter posted:????? usdt is the short term way i keep my poo poo from moving up and down when playing with my ridiculous amount of funny money. 1:1 is the point i plan to cash out my poo poo eventually. i'm more wondering if usdt can remain stable forever or if there is any way that even it can fail. like if the entirety of crypto melted down tomorrow would stablecoins go along with it is my curiosity
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May 11, 2021 10:48
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money is just too inconvenient to hold so im going to exchange it for an equal sum of $1 amex gift cardsYossarian-22 posted:usdt is the short term way i keep my poo poo from moving up and down when playing with my ridiculous amount of funny money. 1:1 is the point ok i see how it works in the context of coin trading. it just sounds like stepping away from the tables and hitting up the buffet though
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May 11, 2021 10:49
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cumshitter posted:money is just too inconvenient to hold so im going to exchange it for an equal sum of $1 amex gift cards i'm also lazy and converting my fiat into dogelonsafecumshit takes as many steps as the reverse whereas pancake swap is just, dogshit->bnb coins (now worth $600+ each!)->usdt so as long as tens of millions of loser nerds believe in the gift cards...
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May 11, 2021 10:52
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is tether the one where their Twitter account regularly announces they found $500 million to pump into their exchange to keep it 1 to 1 with USD?
meanolmrcloud has issued a correction as of 00:33 on May 12, 2021 |
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May 11, 2021 19:09
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Yossarian-22 posted:i'm also lazy and converting my fiat into dogelonsafecumshit takes as many steps as the reverse whereas pancake swap is just, dogshit->bnb coins (now worth $600+ each!)->usdt so as long as tens of millions of loser nerds believe in the gift cards... honestly bro i thnk ur a genius lol. the goldmine of "shitcoin" farming..... .... w0w
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May 11, 2021 19:38
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making fat stacks off the "elonsperm" pump n dump but not becoming a bagholder. thats power dude
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May 11, 2021 19:38
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I was gonna buy doge but it was convoluted and hard to do and also really shady, and it was Saturday afternoon so I would be late to whatever party Musk was gonna gin up anyway. Good thing I was high and lazy because everything probably would have cleared just in time for me to buy in at the peak and eat poo poo.
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May 11, 2021 19:46
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skooma512 posted:I was gonna buy doge but it was convoluted and hard to do and also really shady, and it was Saturday afternoon so I would be late to whatever party Musk was gonna gin up anyway. doge is positively safe and stable compared to the things i am buying and way easier to buy believe you me
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May 11, 2021 20:12
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skooma512 posted:
amen
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May 11, 2021 20:17
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Yossarian-22 posted:i bought "yeet" and "elonsperm" and they are both mooning. working is pointless ive been thinking about this post a lot. its maybe 1/3 of my thoughts at any given time since i read it.
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May 11, 2021 20:41
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everything is dumb, dumber than you can imagine humanity is irremediably stupid, you can take that to the bank (literally!!)
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May 11, 2021 21:20
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ive had a loving hell of a time trying to buy shiba with these insane gas prices and eventually just gave up. gently caress ethereum
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May 11, 2021 22:14
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so I need a pancake swap account if I want to do hokey coin bullshit huh for whatever reason binance.us isn’t available in rootin tootin Texas am I wrong in thinking that these things are basically penny stocks but new
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May 12, 2021 00:43
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I'm not v interested in putting chunks of money into a browser extension mostly because it all seems dodgy af and also  we're overdue a fuckin crash too, think I'll just cash out
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May 12, 2021 01:05
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DOGE is the easiest coin to buy. I wish I had a few grand to throw in ethrium though, I want a full coin, not chunks of one.
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May 12, 2021 01:06
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Nonsense posted:I want a full coin, not chunks of one. why is there some sort of full-coin value multiplier
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May 12, 2021 01:09
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wolfs posted:am I wrong in thinking that these things are basically penny stocks but new no penny stocks are still real stocks governed by regulations. this is a bucket shop
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May 12, 2021 01:21
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wolfs posted:so I need a pancake swap account if I want to do hokey coin bullshit huh these are legitimate investments that threaten my posiition and future career in legacy finance
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May 12, 2021 01:24
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indigi posted:why i am scrooge mcduck
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May 12, 2021 01:26
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ah gently caress i've been watching this and should have linked it here https://www.youtube.com/watch?v=fje6NxwNht4 they put up a cryptopunk NFT est. $20m, it sold to a cabal of bettors i'm familiar with online for $14.5m lol
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May 12, 2021 02:31
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if you chose "$rear end" congratulations
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May 12, 2021 17:36
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@cumshitter your advice has cost my nephew over one hundred and fifty dollars so far. I hope you’re proud of yourself.
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May 13, 2021 00:20
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indigi posted:@cumshitter your advice has cost my nephew over one hundred and fifty dollars so far. I hope you’re proud of yourself. cumshitter strayed from the light of moloch, who is ever changing and growing in number and form number demands blood, young and old, fiat and ephemeral, number grows unknowable in the dark spaces where the corpse ooze of eons of death is converted into the heat and light of new numbers
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May 13, 2021 00:33
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lmao https://twitter.com/elonmusk/status/1392602041025843203 I'm pretty sure elon just tanked the entire crypto market, minus maybe ethereum. And vitalik of ETH fame sold shib en masse to donate to India People in crypto discords are saying that this is the bottom and to "buy when others are nervous" but I call bullshit, because BTC did a sudden 6% drop and still looks really loving bad. I'm liquidating my five figures of poo poo (into usdt) until I think the bottom actually hits I should have sold yesterday when I peaked even higher but I'm very, very happy with how much I made Yossarian-22 has issued a correction as of 00:49 on May 13, 2021 |
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May 13, 2021 00:46
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hodl imo
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May 13, 2021 00:53
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I touched the poop yesterday, I started out with ~$100 in BNB and now have ~150 in USDT plus a bunch of shitcoins. Better than most trips to the casino.
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May 13, 2021 01:02
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indigi posted:@cumshitter your advice has cost my nephew over one hundred and fifty dollars so far. I hope you’re proud of yourself. value can not be created or destroyed. think of it as a time to buy the market only has two modes: Good: prices are down, time to buy Better: better buy before its too late we are in a time to buy market
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May 13, 2021 01:07
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cumshitter posted:value can not be created I think Adam Smith would disagree. but I shall endeavor to buy more soon.
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May 13, 2021 01:12
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who cares about some dead dumb rear end in a top hat's opinion. if htey were smart they would be alive and rich
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May 13, 2021 01:25
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Elon saved our planet.
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May 13, 2021 01:46
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I believe in Elon Musk's commitment to socialism.
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May 13, 2021 01:53
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indigi posted:@cumshitter your advice has cost my nephew over one hundred and fifty dollars so far. I hope you’re proud of yourself. i'm proud of him
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May 13, 2021 01:58
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"gently caress elon" and "gently caress elon tweets" tokens are mooning. ahahahahahahahah shitcoins are such predictable moneyprinters it's insane
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May 13, 2021 02:21
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The environmental impact hasn't really been a secret so I'm curious as to why now and what's the grift here
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May 13, 2021 02:36
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maybe he sold his wallet
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May 13, 2021 02:36
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lol all of the bitcoin competitors keep releasing anti-doge statements that it will simply go away (will only go up more)
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May 13, 2021 03:19
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shyduck posted:The environmental impact hasn't really been a secret so I'm curious as to why now and what's the grift here i think tesla shareholders hate elon and recognize that bitcoin is bad for their environmental image and longterm future. i highly doubt he wanted this
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May 13, 2021 05:06
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CredulousAtBest posted:I'm not v interested in putting chunks of money into a browser extension the movements upwards and downwards will get even more violent from here on so it'll probably become way easier to both gain and lose money. shitcoins already have that built in basically. just don't longterm hold too much and get in on the pumping and dumping
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May 13, 2021 05:17
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