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Just saw the best-timed Coinbase ad during the, basketball: "Crypto is dead. Long live crypto."
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Jun 14, 2022 03:04
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just saw a Coinbase "Crypto is dead, Long live Crypto" ad during the NBA finals, as this huge crash is happening
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Jun 14, 2022 03:05
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I just liquidated my retirement account to buy at this dip.
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Jun 14, 2022 03:07
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I wouldn't take cryptonerds at face value for anything. I mean what are they going to say? We're hosed?
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Jun 14, 2022 03:07
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All my butts gone
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Jun 14, 2022 03:07
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Thundercracker posted:I wouldn't take cryptonerds at face value for anything. I mean what are they going to say? We're hosed? Also the way things are going this week that’s looking like they have funds to last to roughly… Friday
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Jun 14, 2022 03:09
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Thundercracker posted:But to the topic, does Bitcoin not have trading hours? 24x7. If you sleep you might wake up ruined.
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Jun 14, 2022 03:09
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dammit it just rallied 500 points i’m never going to nut at this rate
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Jun 14, 2022 03:10
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Piggy Smalls posted:Guys the Nugen white paper is out. Hope the link works.  Seems legit.
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Jun 14, 2022 03:10
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Edging all the way to flatline
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Jun 14, 2022 03:10
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Chef Boyardeez Nuts posted:
Love 2 A pose.
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Jun 14, 2022 03:11
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Ooop back above 21. Fuckery is afoot.
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Jun 14, 2022 03:11
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The Rabbi T. White posted:Ooop back above 21. Fuckery is afoot. People are trying to puppet that dead cat Weekend at Bernie's style.
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Jun 14, 2022 03:13
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Like if the guy has put up more collateral to avoid a margin call, that just means he's basically buying the dip. He's putting real money into the loan to keep it going. This is pretty much what he's doing: https://en.wikipedia.org/wiki/Martingale_(betting_system)
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Jun 14, 2022 03:14
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Every page of that white paper is a painting "We project that 35,000 people will loan us 5 grand each."
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Jun 14, 2022 03:17
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Are there any big institutional short positions with known cash-out prices?
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Jun 14, 2022 03:18
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Am I reading this right? Isn't that just openly admitting to being a ponzi?
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Jun 14, 2022 03:19
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Guys I think I just thought of a brilliant crypto opportunity. Hear me out. One that, by design, cannot possibly every go down. Because it reached a high of 3 dollars, it will never be listed as worth less than that on any exchange. Sure, you can sell it to another person for 0.002 cents if you both agree, but on all of the exchanges it will still be listed at 3 dollars. Nobody can ever lose any money if the price only goes up!
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Jun 14, 2022 03:21
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Zil posted:Am I reading this right? Isn't that just openly admitting to being a ponzi? Wouldn't be anywhere near the first time.
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Jun 14, 2022 03:22
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Superrodan posted:Guys I think I just thought of a brilliant crypto opportunity. Hear me out. One that, by design, cannot possibly every go down. Because it reached a high of 3 dollars, it will never be listed as worth less than that on any exchange. Sure, you can sell it to another person for 0.002 cents if you both agree, but on all of the exchanges it will still be listed at 3 dollars. I believe there was an NFT that really tried this
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Jun 14, 2022 03:22
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Chef Boyardeez Nuts posted:Every page of that white paper is a painting "... invested to yield good returns overnight" Why bother with the Noogen if you can guarantee good returns, just go to Wall Street
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Jun 14, 2022 03:27
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and back below 21k we go
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Jun 14, 2022 03:28
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Chef Boyardeez Nuts posted:Every page of that white paper is a painting so it's just... an unrelated savings account.
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Jun 14, 2022 03:29
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Chef Boyardeez Nuts posted:Every page of that white paper is a painting "You're just like, well, I'm in the Ponzi business and it's pretty good."
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Jun 14, 2022 03:29
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Zil posted:Am I reading this right? Isn't that just openly admitting to being a ponzi? There's a lot of crypto scams that all but say they're scams and people buy into them because they think the next sucker to buy in will be the one holding the bag. They're smart, they're going to be on the scammer side instead of the scammee. Come to think of it, a lot not fake money cons work the same way: making the mark think they're the one pulling a con... Bitcoin needs to quit flirting with total collapse and just get on with it so we can transition crypto to a post-apocalyptic Mad Max style scenario. Random Stranger fucked around with this message at 03:32 on Jun 14, 2022 |
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Jun 14, 2022 03:30
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Thundercracker posted:I wouldn't take cryptonerds at face value for anything. I mean what are they going to say? We're hosed? I wouldn't say I am good at business but if I was about to be completely hosed by a margin call and my situation was much worse if people knew about it, I wouldn't tell them.
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Jun 14, 2022 03:30
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Hang on, if this bank decides to just liquidate the collateral instead of making the margin call (or just decides not to do it in the first place), that would feed back into itself, right? They'd have to sell the butts at lower and lower prices trying to get rid of them, driving the price down, which will scare more people into selling their butts, forcing the price down lower, and so on. An rear end cascade, if you will
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Jun 14, 2022 03:31
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Yesterdays Latte posted:Hang on, if this bank decides to just liquidate the collateral instead of making the margin call (or just decides not to do it in the first place), that would feed back into itself, right? They'd have to sell the butts at lower and lower prices trying to get rid of them, driving the price down, which will scare more people into selling their butts, forcing the price down lower, and so on. This is a common misconception. Actually what would happen is the price of bitcoin would rocket up, soaring higher and higher and usher in a new era of freedom in finances.
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Jun 14, 2022 03:33
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SRQ posted:so it's just... an unrelated savings account. It's like a savings account, except you can't close it for two years and you only find out how much money you made (or lost) annually. But how can they lose money with surefire bangers like 
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Jun 14, 2022 03:37
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Chef Boyardeez Nuts posted:Every page of that white paper is a painting This just says "we are a Ponzi scheme"
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Jun 14, 2022 03:37
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Yesterdays Latte posted:Hang on, if this bank decides to just liquidate the collateral instead of making the margin call (or just decides not to do it in the first place), that would feed back into itself, right? They'd have to sell the butts at lower and lower prices trying to get rid of them, driving the price down, which will scare more people into selling their butts, forcing the price down lower, and so on. Like a balloon, and something bad happens!
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Jun 14, 2022 03:40
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ReidRansom posted:This just says "we are a Ponzi scheme" Come on that doesn't make any sense. The whole point of a ponzi scheme is that you don't tell people what you're doing. This is much more legit than that.
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Jun 14, 2022 03:40
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ReidRansom posted:This just says "we are a Ponzi scheme" I'll have you know they're going to print money by *also* delivering metaverse content:  Conservatively, this is worth at least $95 million in the first year 
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Jun 14, 2022 03:43
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Also your obsolete fiat currency will be perfectly safe in a Cayman Islands based bank that we own.
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Jun 14, 2022 03:47
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Feel like a lot of people in here don't know about Honest Ponzis.
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Jun 14, 2022 03:49
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wyoak posted:thats not how the moon works! Solar eclipses are a myth because I’ve never seen one!!
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Jun 14, 2022 03:49
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sorry to tell you this but your nugen investor friends or whatever have brain worms
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Jun 14, 2022 03:51
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Yesterdays Latte posted:Hang on, if this bank decides to just liquidate the collateral instead of making the margin call (or just decides not to do it in the first place), that would feed back into itself, right? They'd have to sell the butts at lower and lower prices trying to get rid of them, driving the price down, which will scare more people into selling their butts, forcing the price down lower, and so on. yeah that's why for something like bitcoin you should get liquidated when the notional value is 200% of the loan, so you can take big losses dumping it and still get your money back
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Jun 14, 2022 03:51
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Regrettable posted:Feel like a lot of people in here don't know about Honest Ponzis. The YouTube channel that should’ve ended five years ago?
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Jun 14, 2022 03:51
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Salt Fish posted:Come on that doesn't make any sense. The whole point of a ponzi scheme is that you don't tell people what you're doing. This is much more legit than that. How about "we are a Ponzi scheme", but in a fake Mario-like heavy italian accent? It works for the leather coats!
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Jun 14, 2022 03:54
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