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Galewolf posted:I don't know how the real situation with Musk but his ~*Master of Coin*~ saying "Yeah, let's just hold because this poo poo is going to the moon bro" when it was at 60k and that poo poo dropping to 30k is never not going to be funny.
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Jun 22, 2021 13:25
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We are now under 30k. Congrats on all your hard work thread
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Jun 22, 2021 13:40
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Andy Dufresne posted:We are now under 30k. Congrats on all your hard work thread
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Jun 22, 2021 13:42
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Andy Dufresne posted:We are now under 30k. Congrats on all your hard work thread 
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Jun 22, 2021 13:54
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Curse you magic beans!
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Jun 22, 2021 14:21
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broke: waiting on the usa and/or china to ban crypto woke: waiting for the next elon musk Saturday night live appearance to destroy all cryptocurrencies
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Jun 22, 2021 14:29
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Number go up: See, Elon Musk is a coiner and a visionary! To the moon baby, eat poo poo, normies! Number go down:  One person shouldn't be allowed to manipulate the market like this, gently caress you Elon
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Jun 22, 2021 15:01
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Figgies
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Jun 22, 2021 15:10
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How’s Reddit crypto doing today? I’d be laughing harder but a good buddy of mine invested a fair amount into crypto because he believed in it/took bad advice from other friends. He’s down a fair amount, and I feel bad for him.
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Jun 22, 2021 16:38
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He's gonna be down more soon so save some of that empathy for then lol.
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Jun 22, 2021 16:44
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LionArcher posted:How’s Reddit crypto doing today? Top items in r/Bitcoin right now... - A fake tech demo showing a "bitcoin payment" going through instantly in El Salvador. - "I've experienced 3 market cycles now and it always feels like this." - Meme video about not being worried about the roller-coaster ride - "A reminder that China's crackdown on Bitcoin has been happening for years ¯_(ツ)_/¯" - "After shutting down in Sichuan, a Chinese firm has successfully shipped 300 #Bitcoin miners to Kazakhstan. Over 2,000 more are on their way. #Bitcoin Magzine 🛡💝 Sounds Good 🤓🤓" - "Bitcoin under $30k means I’m a whole-coiner now"
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Jun 22, 2021 16:47
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i do feel bad for some of these people who didn't know any better. but everytime they open their stupid mouth about some "good news" regarding bitcoin... makes me hope they lose it all. ----- there was the guy on the tiktokinvestors account who said he quit his job and sold all his long term retirement funds and also took all his savings and put that into btc when it was at 48k... when bitcoin started dipping after it's 60K peak he made a tiktok saying, "no one knows why its going down".... i wish i had seen that when he posted it because i wanted to ask him, "well, why was it going up?" these people have no idea what bitcoin is other than something they hope will go up. that dogecoin guy is even sadder. he's lost well over a million dollars holding onto the doge he bought with his lifesavings.
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Jun 22, 2021 16:51
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Diva Cupcake posted:Doge was at .72 when the Elon called himself the Dogefather on Saturday Night Live. It's now .17 cents. Hey so I've never owned a crypto in my life, if I wanted to drop $50 on doge for shits and giggles where's the best place to do so?
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Jun 22, 2021 17:19
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Another Bill posted:Hey so I've never owned a crypto in my life, if I wanted to drop $50 on doge for shits and giggles where's the best place to do so? Just send me the money, I'll take care of you.
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Jun 22, 2021 17:20
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Another Bill posted:Hey so I've never owned a crypto in my life, if I wanted to drop $50 on doge for shits and giggles where's the best place to do so? For absolute easiest, you can do it on Robinhood or Coinbase for a nice slick interface of watching yourself lose money in real time.
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Jun 22, 2021 17:25
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Galewolf posted:I don't know how the real situation with Musk but his ~*Master of Coin*~ saying "Yeah, let's just hold because this poo poo is going to the moon bro" when it was at 60k and that poo poo dropping to 30k is never not going to be funny. Not sure how true it is, but I've definitely seem claims and even people posting the wallet address. Khorne fucked around with this message at 17:36 on Jun 22, 2021 |
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Jun 22, 2021 17:32
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Given how many children Elon Musk has I'm stunned he pulled out
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Jun 22, 2021 17:37
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Number went down and then up? HODL! up uP UP! Etc.
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Jun 22, 2021 17:38
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BTC going down and then right back up again just means some semi-normal people got out of it then were immediately replaced by idiots, right?
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Jun 22, 2021 17:54
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Taco Duck posted:BTC going down and then right back up again just means some semi-normal people got out of it then were immediately replaced by idiots, right? Probably the tether fake money machine printing again
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Jun 22, 2021 18:00
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Cacafuego posted:Probably the tether fake money machine printing again Oh God, is Tether the Fed of coins now?
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Jun 22, 2021 18:05
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Fake ? FAKE????? What could possibly be fake about a currency backed by a private organization whose interests are solely pinned on portraying the stability of said currency by claiming infinite assets to ensure that stability while dodging questions about the nature, origin, breadth, or type of assets used to stabilize that currency?
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Jun 22, 2021 18:07
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Bondematt posted:Oh God, is Tether the Fed of coins now? I mean, functionally Tether is doing what central banks normally do in regards to the crypto economy.
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Jun 22, 2021 18:08
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Bondematt posted:Oh God, is Tether the Fed of coins now? if by "now" you mean "six years ago", yes
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Jun 22, 2021 18:08
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LanceHunter posted:I mean, functionally Tether is doing what central banks normally do in regards to the crypto economy. The difference is that central banks have access to guns, factories, and laws that support their position Tether has a very pretty top hat with some very convincing evidence inside of it that guarantees its position, but you can't see what it is!
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Jun 22, 2021 18:11
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imagine The Fed, but its a guy in a dark alley named Chaz who has "totally got you covered"
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Jun 22, 2021 18:12
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is there any sort of threshold or tipping point that'll force bitcoin past 30k if tether keeps printing money backed by nothing that every bitcoin zealot communally agrees is worth something? seems like if you claim you have infinite money and everyone else participating in the financial system decides to go along with it there's not a whole lot reality can do about it
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Jun 22, 2021 18:12
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And you know he's legit because his coat is expensive and he said he's legit
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Jun 22, 2021 18:12
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Cowcaster posted:is there any sort of threshold or tipping point that'll force bitcoin past 30k if tether keeps printing money backed by nothing that every bitcoin zealot communally agrees is worth something? seems like if you claim you have infinite money and everyone else participating in the financial system decides to go along with it there's not a whole lot reality can do about it almost certainly, but you won't know what it is until a while after we've already reached it alternatively regulations to shut down trading would probably do it
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Jun 22, 2021 18:14
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Bitcoin/Tether/Crypto generally: If you squint, it still just looks like overt financial fraud
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Jun 22, 2021 18:18
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LionArcher posted:How’s Reddit crypto doing today? Your friend is fulfilling an important role in the market. You'd think the currency of the future would figure out how to automate holding a bag though
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Jun 22, 2021 18:20
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ikanreed posted:Your friend is fulfilling an important role in the market. They did it's called "running a cryptocurrency exchange and not letting anybody look too close"
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Jun 22, 2021 18:21
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jokes posted:The difference is that central banks have access to guns, factories, and laws that support their position Hey man my RabbitCoin is going to the MOON, you know how fast rabbits breed. Always going to be more and more of them.
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Jun 22, 2021 18:24
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jokes posted:They did it's called "running a cryptocurrency exchange and not letting anybody look too close" That's also the secret to pulling of the inevitable
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Jun 22, 2021 18:26
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LionArcher posted:How’s Reddit crypto doing today? Just tell your friend that for there to be winners there need to be losers. With bitcoin it’s a coin toss and he came up short this time but better luck next time!
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Jun 22, 2021 18:34
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bitcoin back above 30K, up to 32K. normal stuff
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Jun 22, 2021 18:42
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Cowcaster posted:is there any sort of threshold or tipping point that'll force bitcoin past 30k if tether keeps printing money backed by nothing that every bitcoin zealot communally agrees is worth something? seems like if you claim you have infinite money and everyone else participating in the financial system decides to go along with it there's not a whole lot reality can do about it Too many people ask exchanges for real money instead of tether and the ponzi scheme implodes. Lets see how the reopening goes.
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Jun 22, 2021 18:58
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Cowcaster posted:is there any sort of threshold or tipping point that'll force bitcoin past 30k if tether keeps printing money backed by nothing that every bitcoin zealot communally agrees is worth something? seems like if you claim you have infinite money and everyone else participating in the financial system decides to go along with it there's not a whole lot reality can do about it I mean you can claim you have infinite money but at some point enough people will trade in their "investments" for some real currency at which point infinite money turns into "actually there was no money" and everything collapses. Right now there seems to be enough suckers entering with their real money to float the people who are cashing out. That being said, I assume people are able to cash out of bitcoin? I've never actually met/heard from anyone who has.
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Jun 22, 2021 19:01
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MarcusSA posted:Just tell your friend that for there to be winners there need to be losers. This analogy makes it sound like the bitcoin coin toss (buttcointoss, if u will) was a 50/50 chance, which is extremely not the case
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Jun 22, 2021 19:02
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InternetJunky posted:I mean you can claim you have infinite money but at some point enough people will trade in their "investments" for some real currency at which point infinite money turns into "actually there was no money" and everything collapses. Right now there seems to be enough suckers entering with their real money to float the people who are cashing out. Not being able to cash out of bitcoin was more of a thing back in the MtGox days. Now that there are enough exchanges like Coinbase that are only moderately lovely and not outright fraudulent, it's not hard to get actual money out. When I sold my coin at around $63k, I was able to withdraw and had the cash in my bank account in a week. (And, looking at the prices today, I'm extremely glad that I realized that it was immoral to put any more USD into the crypto ecosystem and that I needed to get out of it completely.)
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Jun 22, 2021 19:07
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