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if only someone had spent literal years telling people that putting their money into a get rich quick scheme was loving stupid but nobody did, and now all these completely innocent investors are losing everything. it's a real goddamn tragedy, and i for one will weep for every dipshit who blows his brains out over this
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May 11, 2022 19:25
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it's great watching all of arguably the most greedy and gullible people get scammed in real time and react with cope to the news they've been had in real time, and goddamn it makes me laugh.
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May 11, 2022 19:27
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*taps head* your wife can't take half your assets in the divorce if the assets are zero.
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May 11, 2022 19:29
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Foo Diddley posted:if only someone had spent literal years telling people that putting their money into a get rich quick scheme was loving stupid They hated the Bitcoin thread because it told them the truth
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May 11, 2022 19:33
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Guze posted:*taps head* your wife can't take half your assets in the divorce if the assets are zero. There are quite a few ways that hodlers are taking the Lowtax route, it would seem.
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May 11, 2022 19:35
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If there was ever a trailing indicator/harbinger of doom, it’s post-2000 Madonna. 1. Pathetic anti-Napster bandwagoner 2. https://twitter.com/madonna/status/786105573364359168?s=21&t=6V-rQL92TNKCmA1pRxr4pw 3. NFTs selec fucked around with this message at 19:46 on May 11, 2022 |
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May 11, 2022 19:38
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The winter of crypto is upon us as the crypto bros shamble toward the abyss
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May 11, 2022 19:45
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greazeball posted:she appears to be farting a swarm of butterflies in the second vid if that's your jam? Any centipedes!?!??!
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May 11, 2022 19:48
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So uh, I haven't paid attention for a while. What triggered this and how stupid was it?
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May 11, 2022 19:49
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Unwritten Law. Seers.Unwritten Law posted:I'm seein' red
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May 11, 2022 19:50
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Boywhiz88 posted:Any centipedes!?!??! Third.
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May 11, 2022 19:55
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ultrafilter posted:Third. Oh goddamit, I even tried to verify before I posted it. Whatever, it's more likely than you think!!! AND YES I REALIZE THAT'S THE SECOND TIME IT'S REFERENCED. EDIT: Elman posted:So uh, I haven't paid attention for a while. What triggered this and how stupid was it? Potentially a bad actor with a lot of money to help destabilize an already shaky situation, or just... the eventual slow-down/end that was gonna come to a scam like this. Boywhiz88 fucked around with this message at 19:59 on May 11, 2022 |
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May 11, 2022 19:56
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selec posted:If there was ever a trailing indicator/harbinger of doom, it’s post-2000 Madonna. oh so that's why Trump won
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May 11, 2022 19:58
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Bitcoin: the (vagina) centipede represents technology
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May 11, 2022 20:02
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deep dish peat moss posted:oh so that's why Trump won It can’t have hurt
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May 11, 2022 20:02
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A friend who I didn't even know was into crypto seems to be in a really bad way right now. Dunno how much he's lost but it seems like a lot.
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May 11, 2022 20:02
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Squiggle posted:Yeah, I was just reading this Hamilton Nolan piece from a few months ago that points out that these people all at once losing their grasp on what they consider an escape from the American Reality is going to go very poorly. lmao man I just had the fun idea to check out pro-crypto billionaire @pmarca's twitter, since A16Z has been investing in crypto crap left and right, to see if there was any schadenfreude to be had. but he's not even talking about crypto, it's wall to wall complaining about freeze peach, "the managerial left", and liberals = 1984 batshittery geez if we thought the boomers got all fascist when they got wealthy, we ain't seen nothing yet
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May 11, 2022 20:06
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It's always been the Goldbugs.Elman posted:So uh, I haven't paid attention for a while. What triggered this and how stupid was it? They're running out of people who are willing to throw money at crypto.
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May 11, 2022 20:09
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Necrothatcher posted:A friend who I didn't even know was into crypto seems to be in a really bad way right now. Dunno how much he's lost but it seems like a lot. There's one guy in the group text with my friends and I who has never been like a cryptobro but bought into the idea that it was the future and was going to grow in value so he has been automatically investing a portion of his paycheck in bitcoin for a couple years and the rest of us have been laughing at all of this but he's been silent and now I feel bad because he was never trying to get anyone else to put their money into crypto or anything he just felt like it was worth having in his portfolio  But we only switched from Discord to group text in the first place because some other dude that got invited was cryptobro supreme and told us about all the hottest new crypto investment opportunities every day, and he never paid me for art he commissioned and that I delivered (I was even willing to get paid in his dumb crypto) so at least I have that schad going for me
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May 11, 2022 20:12
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lol at using the words "crypto" and "portfolio" in the same sentence hopefully it can go back it it's one purpose of buying drugs... and I guess north korean ransomware
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May 11, 2022 20:15
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deep dish peat moss posted:There's one guy in the group text with my friends and I who has never been like a cryptobro but bought into the idea that it was the future and was going to grow in value so he has been automatically investing a portion of his paycheck in bitcoin for a couple years and the rest of us have been laughing at all of this but he's been silent and now I feel bad because he was never trying to get anyone else to put their money into crypto or anything he just felt like it was worth having in his portfolio Did the cryptobro ever wonder why the discord got so quiet
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May 11, 2022 20:16
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Elman posted:So uh, I haven't paid attention for a while. What triggered this and how stupid was it? If I understand things (and it's crypto, so...), someone made a very stupid financial instrument by bolting together a bunch of "stable"coins. Turns out stapling a bunch of dogshit together doesn't make it not poo poo. A small run on it started (possibly intentionally, but it's crypto so who knows) and that snowballed into a big run. Stablecoins turned out to not be stable and that triggered more sell-offs and on and on. Bitcoin has stopped collapsing at the nearly dead-on $30k line where it has stopped in the previous several crashes. Presumably they're being bought up as fast as they're being offered using funny money. The cracks are really showing, though, and it won't take much to send things into final collapse.
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May 11, 2022 20:17
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deep dish peat moss posted:There's one guy in the group text with my friends and I who has never been like a cryptobro but bought into the idea that it was the future and was going to grow in value so he has been automatically investing a portion of his paycheck in bitcoin for a couple years and the rest of us have been laughing at all of this but he's been silent and now I feel bad because he was never trying to get anyone else to put their money into crypto or anything he just felt like it was worth having in his portfolio This is the disturbing poo poo to me, there are services that offer to do this for you and people don't realize it's having a portion of your paycheck siphoned into an unregistered casino
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May 11, 2022 20:20
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Elman posted:So uh, I haven't paid attention for a while. What triggered this and how stupid was it? you know how "bitcoin is a ponzi" was a catchphrase ITT a while back? turns out they've been inventing entirely new frontiers of ponzi-tech over the last year Random Stranger posted:The cracks are really showing, though, and it won't take much to send things into final collapse. god drat it don't say that it's like saying "well there's no way Tom Brady can win this playoff game now, I'm counting him out"
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May 11, 2022 20:21
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alnilam posted:Did the cryptobro ever wonder why the discord got so quiet Yeah the last thing he said was like 4 months after it got silent and it was him sheepishly telling us he was launching his NFT line and asking us not to laugh
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May 11, 2022 20:24
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Random Stranger posted:If I understand things (and it's crypto, so...), someone made a very stupid financial instrument by bolting together a bunch of "stable"coins. Turns out stapling a bunch of dogshit together doesn't make it not poo poo. A small run on it started (possibly intentionally, but it's crypto so who knows) and that snowballed into a big run. Stablecoins turned out to not be stable and that triggered more sell-offs and on and on. They also tried to hide it by using the name of a Rick and Morty character! Random Stranger posted:Bitcoin has stopped collapsing at the nearly dead-on $30k line where it has stopped in the previous several crashes. Presumably they're being bought up as fast as they're being offered using funny money. The cracks are really showing, though, and it won't take much to send things into final collapse. Is it possible that there are bots buying bitcoin when it hits a pre-determined bargain price, thereby bringing the value back up? Is it also possible that one of these bot owners is going to run out of money or bail out one it gets up to a different pre-determined sell price?
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May 11, 2022 20:26
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Klyith posted:god drat it don't say that Sorry! I'm really not expecting this to be the end, but I'm sending crypto all of my good vibes which are shaking it as hard as they can to try and make it fall over. greazeball posted:They also tried to hide it by using the name of a Rick and Morty character! Total speculation here (much like buying crypto!) but my belief is it's the exchanges issuing themselves a few billion in Tether and whatever and then using that to buy Bitcoin to bring the price back up so they can cash out a bit more. So theoretically they can just keep making up Monpoly money forever and buying crypto. Eventually they will run out of real cash at which point the exchange just stops and the real party begins. That's my prediction for where things will wind up in the end. I don't think they're at that point yet, but I can dream. 
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May 11, 2022 20:27
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Booyah- posted:This is the disturbing poo poo to me, there are services that offer to do this for you and people don't realize it's having a portion of your paycheck siphoned into an unregistered casino To be fair he does the same thing with stocks, the disturbing part is that crypto made it onto a bunch of legitimate investment platforms. I use the word "legitimate" superfluously because how legitimate is the stock exchange in the first place? But I mean it's not like a Robinhood thing where it's literally a flat-out scam where you never actually own any of the stock/crypto you purchase through them and you're essentially only purchasing the right to tell them what to do with stock that they greazeball posted:They also tried to hide it by using the name of a Rick and Morty character! There are definitely bots that do that (with any kind of investment) and it's almost guaranteed to bankrupt you (because your bots buy but the price keeps crashing until people stop selling). You'd need a massive amount of money you don't care about to manipulate the market in that way because you're going to take a massive initial loss, but that's exactly the kind of money that these gigantic chinese btc mining conglomerates or "captains of industry" like elon musk have, and I think especially in the case of the mining conglomerates all of their wealth is spread across various cryptos, so they have a vested interest in taking that initial loss in order to not firebomb their entire portfolio. deep dish peat moss fucked around with this message at 20:43 on May 11, 2022 |
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May 11, 2022 20:30
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Strong Sauce posted:Very fun watching the BTC graph trying to keep its head above the symbolic 30K number. Pretty big wall of people fighting there but also there's a huge SELL IT ALL wall at $25K
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May 11, 2022 20:35
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deep dish peat moss posted:To be fair he does the same thing with stocks, the disturbing part is that crypto made it onto a bunch of legitimate investment platforms. I use the word "legitimate" superfluously because how legitimate is the stock exchange in the first place? But I mean it's not like a Robinhood thing where it's literally a flat-out scam where you never actually own any of the stock/crypto you purchase through them and you're essentially only purchasing the right to tell them what to do with stock that they yeah it was all fun and games when the only people on the hook for the crypto crash were the real scumbags buying a build-your-own-scam kit but it's almost certainly found its way into grandma's retirement fund by now thanks to bullshit like this
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May 11, 2022 20:39
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Random Stranger posted:Well, it was more likely than you might think.
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May 11, 2022 20:39
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Zil posted:To be fair, we did try to warn them. But if the crash is big enough I wouldn't be surprised to see some kind of government action taken. Crypto "investors" are all individual rubes, not the super rich, I don't think any government is going to do poo poo to help them
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May 11, 2022 20:41
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Currently pinned post on r/terraluna Yeah that's not good
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May 11, 2022 20:42
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I’ve seen more than one “put your retirement money into crypto” service.
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May 11, 2022 20:45
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So many tweets of "$flurbel hasn't crashed yet so it's obviously the true future of currency buy now!!!!!!"
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May 11, 2022 20:48
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It seems like BTC has punched through the 30k floor after it did it yesterday and then had a rally back up, will be interesting to see if it continues the slide.
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May 11, 2022 20:48
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Splicer posted:Ooh, where can I see the wall? i'm just looking at the graph under the current price. looks like sell off is at the $22K price now i could be reading the graph wrong. https://bitcointicker.co/stamp/btc/usd/1hr/
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May 11, 2022 20:48
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Strong Sauce posted:i'm just looking at the graph under the current price. looks like sell off is at the $22K price now e: Someone might correct me but I think those are buywalls. Someone(s) has put big orders in at those prices. Splicer fucked around with this message at 21:06 on May 11, 2022 |
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May 11, 2022 21:03
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HEY IM READY TO BUY THE DIP SOMEONE HELP ME INJECT AN NFT INTO MY DNA
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May 11, 2022 21:14
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https://twitter.com/molly0xfff/status/1524480777370624001?s=21&t=EvgG5IbtHvHLgsp9wrpeCw
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May 11, 2022 21:15
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