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ikanreed
Sep 25, 2009

I honestly I have no idea who cannibal[SIC] is and I do not know why I should know.

syq dude, just syq!

This account seems to draw replies of the "you should have done crypto my way instead" sort

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Unperson_47
Oct 14, 2007



Number feeling sick again today, I see

PITY BONER
Oct 18, 2021

ikanreed posted:

This account seems to draw replies of the "you should have done crypto my way instead" sort

https://twitter.com/Yodaskk/status/1546143474445176835

LMAO. Spoken like a true gambling addict.

ELTON JOHN
Feb 17, 2014
Probation
Can't post for 3 days!

Elerion posted:

In other news I just found out this exists and I can’t stop laughing: https://www.metagirlfriends.com/

Ups_rail
Dec 8, 2006

by Fluffdaddy
You know who won, Jeff did he bought SA with crypto....

LifeSunDeath
Jan 4, 2007

still gay rights and smoke weed every day



TheBlackVegetable
Oct 29, 2006

ikanreed posted:

This account seems to draw replies of the "you should have done crypto my way instead" sort

Nothing gets scammers attention more than a proven mark.

Unperson_47
Oct 14, 2007



Number is really taking a poo poo tonight.

Ups_rail
Dec 8, 2006

by Fluffdaddy
So is there any exchange where I can short crypto?

Coolness Averted
Feb 20, 2007

oh don't worry, I can't smell asparagus piss, it's in my DNA

GO HOGG WILD!
🐗🐗🐗🐗🐗

Ups_rail posted:

So is there any exchange where I can short crypto?

finally caught up on the 3 card monte thread.
Think I understand how the scam works now, so anyone know where I can find a dealer that'll let me bet on where the queen isn't? tia

Golden Bee
Dec 24, 2009

I came here to chew bubblegum and quote 'They Live', and I'm... at an impasse.

Ups_rail posted:

So is there any exchange where I can short crypto?

No, exchanges are crooked and there’s nobody to appeal to when they rob you

greazeball
Feb 4, 2003



Unperson_47 posted:

Number is really taking a poo poo tonight.

Ain't that a shame

Strong Sauce
Jul 2, 2003

You know I am not really your father.





https://twitter.com/PoorlyAgedStuff/status/1536819286907420672

Darth TNT
Sep 20, 2013

Unperson_47 posted:

Number is really taking a poo poo tonight.

The problem here is that thanks to irony I can't tell if that means it's going down or going up.

putin is a cunt
Apr 5, 2007

BOY DO I SURE ENJOY TRASH. THERE'S NOTHING MORE I LOVE THAN TO SIT DOWN IN FRONT OF THE BIG SCREEN AND EAT A BIIIIG STEAMY BOWL OF SHIT. WARNER BROS CAN COME OVER TO MY HOUSE AND ASSFUCK MY MOM WHILE I WATCH AND I WOULD CERTIFY IT FRESH, NO QUESTION

Ups_rail posted:

So is there any exchange where I can short crypto?

Betting real money on an irrational market going down is just as stupid as betting on it going up, hth

Just go to a casino it's more fun, or even better, put it in an indexed fund.

Magnetic North
Dec 15, 2008

Beware the Forest's Mushrooms

Sydney Bottocks posted:

Whenever I see stuff like that, I'm always reminded of this quote:

Inside you there are two marks.

Vesi
Jan 12, 2005

pikachu looking at?

Magnetic North posted:

Inside you there are two marks.

one doesn't do anything wrong, other a corrupt DEA agent

how do you determine which is which?

putin is a cunt
Apr 5, 2007

BOY DO I SURE ENJOY TRASH. THERE'S NOTHING MORE I LOVE THAN TO SIT DOWN IN FRONT OF THE BIG SCREEN AND EAT A BIIIIG STEAMY BOWL OF SHIT. WARNER BROS CAN COME OVER TO MY HOUSE AND ASSFUCK MY MOM WHILE I WATCH AND I WOULD CERTIFY IT FRESH, NO QUESTION

Magnetic North posted:

Inside you there are two marks.

Inside me is one Mark and he's a very gentle and considerate lover I'll have you know

Tricky Ed
Aug 18, 2010

It is important to avoid confusion. This is the one that's okay to lick.


Shorts and puts work in regulated, transparent, audited marketplaces because there are rules and people who don't follow them face consequences.

Crypto hates all that, so shorts, puts, and leveraged positions get wiped out regularly due to anomalous jumps in price at critical times. It's weird how often it happens! That's just how it goes sometimes.

Ghost Leviathan
Mar 2, 2017

Exploration is ill-advised.
Also sometimes they just don't let you sell. Or run off with all your play money.

Elerion
May 31, 2011

Ups_rail posted:

So is there any exchange where I can short crypto?

Don’t do this.

If you ignore that advice and want to do it anyway, short Microstrategy.

Durzel
Nov 15, 2005


Tricky Ed posted:

Shorts and puts work in regulated, transparent, audited marketplaces because there are rules and people who don't follow them face consequences.

Crypto hates all that, so shorts, puts, and leveraged positions get wiped out regularly due to anomalous jumps in price at critical times. It's weird how often it happens! That's just how it goes sometimes.
I remember a friend who moved from stocks & shares into crypto because he felt that the former was "controlled" by shadow players with dark markets and what-have-you, in much the same way as GME mentalists talk about their omnipotent enemy hedge funds "doing illegal things" to stop them flying to the mooooooon.

His argument was that because crypto is open and "everything is on the blockchain" it means transactions can't be hidden and therefore he can see everything. Even if you just accepted that at face value to your average person the stuff is essentially anonymised anyway, so you have no visibility of wash trades between wallets, whales manipulating markets, or even the exchanges themselves manipulating them with their own customer's funds, as forms the basis of that Voyager lawsuit.

It should not come as any great surprise to anyone with a brain that having no regulation when it comes to money is not some "power to the people" utopia, it's the opposite.

halokiller
Dec 28, 2008

Sisters Are Doin' It For Themselves


Edit: removed

LifeSunDeath
Jan 4, 2007

still gay rights and smoke weed every day
Guys, I slurped a 4th time...I think I need to call poison control...ugh, why is everything turning red?

Magnetic North
Dec 15, 2008

Beware the Forest's Mushrooms

LifeSunDeath posted:

Guys, I slurped a 4th time...I think I need to call poison control...ugh, why is everything turning red?

How many new apes do you see?

Crust First
May 1, 2013

Wrong lads.

Ups_rail posted:

So is there any exchange where I can short crypto?

LifeSunDeath
Jan 4, 2007

still gay rights and smoke weed every day

Magnetic North posted:

How many new apes do you see?

I keep seeing shadow apes in my peripheral vision, and a huge bird that keeps screaming HOLD THE BAG HOLD THE BAG and is trying to peck out my eyes.

Lazyfire
Feb 4, 2006

God saves. Satan Invests

Durzel posted:

I remember a friend who moved from stocks & shares into crypto because he felt that the former was "controlled" by shadow players with dark markets and what-have-you, in much the same way as GME mentalists talk about their omnipotent enemy hedge funds "doing illegal things" to stop them flying to the mooooooon.

His argument was that because crypto is open and "everything is on the blockchain" it means transactions can't be hidden and therefore he can see everything. Even if you just accepted that at face value to your average person the stuff is essentially anonymised anyway, so you have no visibility of wash trades between wallets, whales manipulating markets, or even the exchanges themselves manipulating them with their own customer's funds, as forms the basis of that Voyager lawsuit.

It should not come as any great surprise to anyone with a brain that having no regulation when it comes to money is not some "power to the people" utopia, it's the opposite.

I feel like the major thing you have to tell anyone who thinks the ledger is public and therefore fraud/manipulation isn't possible is that the Exchanges, which for most people are the only entrance to the market are not public ledgers and are where most crypto activity takes place. Bitcoin is so useless as a currency or security that all these people and companies had to graft an entire ecosystem of services and products on to it in order to make it usable to the average person. Even then, it's a million times easier to just keep having a normal debit card and to buy stocks and bonds in the regular market instead of getting into crypto.

FlapYoJacks
Feb 12, 2009
Lmao. I called them a Ponzi scheme.

acidx
Sep 24, 2019

right clicking is stealing

lol they managed to lose everything while betting that a failing coin would fail.

latinotwink1997
Jan 2, 2008

Taste my Ball of Hope, foul dragon!



“Brief price hikes”? It’s not like it spiked to $100 or something. What, did they go short when it was 0.000007 and when it spiked to 0.000008 they hosed up? Wtf, lol

Ups_rail
Dec 8, 2006

by Fluffdaddy

Golden Bee posted:

No, exchanges are crooked and there’s nobody to appeal to when they rob you

Look i got addicted to loging into my account and watching the crypto go up and down, i sold at a loss to pay bills and I just miss....the fun of owning crypto

kdrudy
Sep 19, 2009

Ups_rail posted:

You know who won, Jeff did he bought SA with crypto....

for fucks sake
Jan 23, 2016

acidx posted:

lol they managed to lose everything while betting that a failing coin would fail.



As pompous as that person sounds, I think "being good at prompting art AIs" will be a useful skill in the same way that knowing how to write a good search engine query is.

Devor
Nov 30, 2004
Lurking more.

latinotwink1997 posted:

“Brief price hikes”? It’s not like it spiked to $100 or something. What, did they go short when it was 0.000007 and when it spiked to 0.000008 they hosed up? Wtf, lol

That's a 14% price spike you just described - so yes, small absolute changes (but large percentage changes) can absolutely wipe out a short position

Neito
Feb 18, 2009

😌Finally, an avatar the describes my love of tech❤️‍💻, my love of anime💖🎎, and why I'll never see a real girl 🙆‍♀️naked😭.

Ups_rail posted:

Look i got addicted to loging into my account and watching the crypto go up and down, i sold at a loss to pay bills and I just miss....the fun of owning crypto

How about instead I just come over and take 60% of everything you own over the next five months. It'll be the same experience, and I get a new Playstation, so the net happiness of the world increases.

latinotwink1997
Jan 2, 2008

Taste my Ball of Hope, foul dragon!


Devor posted:

That's a 14% price spike you just described - so yes, small absolute changes (but large percentage changes) can absolutely wipe out a short position

No, I mean, why the hell would they short the drat thing when it was worth fractions of a penny at that point? That seems dumb as hell.

FlapYoJacks
Feb 12, 2009

latinotwink1997 posted:

No, I mean, why the hell would they short the drat thing when it was worth fractions of a penny at that point? That seems dumb as hell.

Because they’re dumb as hell?

Astrochicken
Aug 13, 2007

So you better go back to your bars, your temples
Your massage parlors!

Im still laughing at that Blockchain mascot. Thing looks like one of Catherine O'Hara's sculptures from Beetlejuice

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evilweasel
Aug 24, 2002

latinotwink1997 posted:

No, I mean, why the hell would they short the drat thing when it was worth fractions of a penny at that point? That seems dumb as hell.

because there were trillions of it in circulation so you could multiply those fractions of a penny by a trillion

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