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https://twitter.com/web3isgreat/status/1611513431902806022
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# ? Jan 7, 2023 17:49 |
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# ? May 29, 2024 19:42 |
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You load sixteen tons, what do you get? Another day older and deeper in debt Saint Peter, don't you call me 'cause I can't go I owe my soul to the company coin
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# ? Jan 7, 2023 17:52 |
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and this is why we say to not touch poop. you conveniently leave out your motivations for touching the poop. I assume you thought you'd be the one pulling the rug?
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# ? Jan 7, 2023 20:38 |
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notwithoutmyanus posted:So I have a two-parter back from my days of poop-touching. Memoirs of a poo: rugging boogaloo. Part one: the Poopenstances. The second part happened yesterday, which is while I'm posting the first as it's fresh in my brain. This should be some good entertainment for people who hate crypto. you thinking bitcoin technical analysis is real definitely makes a lot more sense now
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# ? Jan 7, 2023 20:50 |
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Papa Was A Video Toaster posted:and this is why we say to not touch poop. Hmm? No, I wanted to help develop a project in the naive theory it would work out. Why would it be assumed I wanted to rug? Rectal Death Adept posted:you thinking bitcoin technical analysis is real definitely makes a lot more sense now No. I have a decade of looking at charts and reports, from IT work as a network engineer/monitoring engineer and so on. It's not all that weird to look at charts and trends for any other asset classes, but it's not like technical analysis is anything but hated by most people anyway. Not everyone does some ghostty garbage, and it's not going to magically make fortunes. In the end, it's about 90% math applied to statistical data. If you don't like technical analysis then I bet you really don't like when people apply moving averages to covid statistics, either.
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# ? Jan 7, 2023 20:54 |
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notwithoutmyanus posted:No. I have a decade of looking at charts and reports, from IT work as a network engineer/monitoring engineer and so on. It's not all that weird to look at charts and trends for any other asset classes, but it's not like technical analysis is anything but hated by most people anyway. Not everyone does some ghostty garbage, and it's not going to magically make fortunes. In the end, it's about 90% math applied to statistical data. If you don't like technical analysis then I bet you really don't like when people apply moving averages to covid statistics, either. Yes, you claiming you can predict the price trends in a worthless digital gambling token is the same thing as modeling pandemic information, because math you see
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# ? Jan 7, 2023 20:59 |
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The thread seems a bit harsh on NWMA considering they have an interesting viewpoint as a former crypto believer turned sceptic
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# ? Jan 7, 2023 21:10 |
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notwithoutmyanus posted:Hmm? No, I wanted to help develop a project in the naive theory it would work out. Why would it be assumed I wanted to rug? lmao
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# ? Jan 7, 2023 21:13 |
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Nothing wrong with rug pulling. If you invest in things you dont understand, it is fair game imo. (eg: If you cant be bothered to google stuff at minimum, like Smart Contract --> First hit on Google "Smart contracts defined. Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary's involvement or time loss." --> Sounds very safe lol) AutismVaccine fucked around with this message at 21:55 on Jan 7, 2023 |
# ? Jan 7, 2023 21:51 |
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notwithoutmyanus posted:No. I have a decade of looking at charts and reports, from IT work as a network engineer/monitoring engineer and so on. It's not all that weird to look at charts and trends for any other asset classes, but it's not like technical analysis is anything but hated by most people anyway. Not everyone does some ghostty garbage, and it's not going to magically make fortunes. In the end, it's about 90% math applied to statistical data. If you don't like technical analysis then I bet you really don't like when people apply moving averages to covid statistics, either. "I've looked at charts before! Charts about completely different things should be no different!" This feels like a textbook example of the "fallacy of transferrable expertise."
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# ? Jan 7, 2023 22:05 |
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also, transferring "you can chart things" to "i can get useful information from charts of a number that is thoroughly manipulated by malign actors"
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# ? Jan 7, 2023 22:12 |
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"So I used to be involved in the business of making pretend money and trying to get other sucke...people to give me real money in exchange. Can you believe that in my time doing that I met an obvious con artist? I was shocked"
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# ? Jan 7, 2023 22:17 |
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If technical analysis worked due to some basic computable statistic analysis (which is what you have if you have a reproducible decision making algorithm based on charts) then algorithmic trading would be doing a lot more than basic market making or arbitrage and a guy holding charts and a crayon is going to have no chance of getting a cut when competing with a mainframe 30ms from the exchange. Turns out there's algos trying this and any that make profits to write home about are indistinguishable from market making and/or arbitrage and these garbage programs are what necessitate circuit breakers when they all decide its doomsday.
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# ? Jan 7, 2023 22:22 |
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EoinCannon posted:The thread seems a bit harsh on NWMA considering they have an interesting viewpoint as a former crypto believer turned sceptic They're an idiot and just last year recommended a goon to put 80% of their net worth onto a shady exchange to yield farm those sweet 8% returns notwithoutmyanus posted:Honestly? Put that poo poo 100% into nexo (stablecoins) make 8%/yr, live off 5-7% (of the 8) plus a job, always let that 1 compound and NEVER TOUCH THE PRINCIPAL EVER. Congrats, you win, the aristocrats. Do what you want in life but follow the caps rule.
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# ? Jan 7, 2023 22:25 |
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Chromatics posted:They're an idiot and just last year recommended a goon to put 80% of their net worth onto a shady exchange to yield farm those sweet 8% returns It's fair to hate that I mentioned this at the time, and it was a bad idea- and nothing justifies the bad recommendation at the time. I didn't exactly wise up until shortly after that. However, what that person was doing was also hosed. "I have a bunch of money I should buy a house that costs way more than the money I came into" is BWM. So what I did was wrong, but literally almost anything outside of what that person wanted to do would have been better. notwithoutmyanus fucked around with this message at 22:45 on Jan 7, 2023 |
# ? Jan 7, 2023 22:41 |
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Chromatics posted:They're an idiot and just last year recommended a goon to put 80% of their net worth onto a shady exchange to yield farm those sweet 8% returns Fair enough, I've only been following this thread since about March last year (when my work took a job on an NFT project and I didn't have the background info to express the hatred I was feeling)
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# ? Jan 7, 2023 22:42 |
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TA is how i make all my money playing roulette, the casinos don't know what hit them
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# ? Jan 7, 2023 23:17 |
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Self-described crypto bros bought a football club that's been around since 1896 and they've been running it into the ground hard.Crypto chaos: how Crawley crumbled under owners’ reckless leadership posted:The word “shambles” comes up a lot when you ask people about Crawley Town. They sit 20th in League Two, are looking for their third permanent manager of the season after Matthew Etherington’s exit following 32 days in charge and have cast aside three of their senior players.
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# ? Jan 8, 2023 01:20 |
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is Etherington his original last name or did we change it because he became paper rich fron buttcoinz? lol at how so many lastnames origin stories/myth
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# ? Jan 8, 2023 02:02 |
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Dabir posted:Self-described crypto bros bought a football club that's been around since 1896 and they've been running it into the ground hard. However, no-one predicted it was going to be by being owned by idiots who didn't understand the rules of the game they bought into and planned to just learn as they went. People who also felt like the power of NFT's was good enough to complete against traditional billionaries, let alone the actual state-ownership that exists at the Premiership level. Plently of non-league teams being used as play-things, a bit like Wrexham, and Stockport though at least they were an established club with league history, and the people throwing money into the dumpster that is owning a football team at least seem to have a reasonble intellectual capacity and some basic knowledge of football. And, unsuprisingly, the crypto bro owners are uniquely bad and are subject to particular mockery at the moment, including the rumour that the owner accidentally transfer-listed the entire squad by mistake and was then forced to sell one of their better players due to a paper work admin error. They did at least get rid of the manager who's being done for some of the most outrageous cartoonish racism since the 1990's in John Yems, so they could still have theoretically been worse owners. But they're really, really having a go at reaching that point.
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# ? Jan 8, 2023 02:18 |
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they were just trying to move fast and break stuff to better disrupt the soccer industry, normies
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# ? Jan 8, 2023 02:24 |
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I was also peripherally involved in a crypto thing. For about a year, a couple of other dorks and I would meet weekly to discuss new projects on the crypto forums and to come up with a use case for smart contracts that we could maybe make something out of. We couldn't find a single project that wasn't in some sense implausible or nonsensical. We couldn't define a single use case that overcame fundamental problems with crypto, or wouldn't be better served with a database. It is really, really hard to find a good reason for anything crypto. We held out so long because we couldn't fathom why there was so much frantic activity in that space. We thought people must be explaining it wrong, because what we understood sounded completely stupid. I have since then lowered my expectations dramatically.
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# ? Jan 8, 2023 02:27 |
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Lord Stimperor posted:we couldn't fathom why there was so much frantic activity in that space
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# ? Jan 8, 2023 02:35 |
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A lot of the crypto people are either naive or operate solely on greed, plenty a mix of both. There's not a lot of other categories that exist, once you see how bad it is. Like I said in my initial story, this webdev came along for being "web developer" to this token project but his entire modus operandi was greed. I just wanted to try to build something and didn't realize I would effectively be enabling people to steal from others, and potentially harm society. I'm not even sure if it's just greed these crypto folks maintain, but greed and jealousy and theft and narcissism. Where they have to get ahead by any means necessary, and you are the means. Of course this rationalizes crime as above. There's a lot of song and dance about how it's community or giving back to the people but not one iota of it from people in charge of any sort of Crypto development is honest on that. Effective altruism into longtermism shows how bullshit all of it is. I didn't even realize how naive and clueless I was just from that project as it was small and not a lot of people got involved, it took losing the job I had with the crypto exchange I had worked for, that literally used their entire series a & b raise as a ponzi to do another raise someday (yes it was that bad)- that's when I realized how poo poo the whole thing was. I mean the flip side to crypto being a problem is it's so siloed and obfuscated there literally aren't a lot of people talking about how poo poo it is. Where are people going to learn? Like as an example, how many crypto people have read anything outside of something awful about crypto being poo poo? Reddit celebrates crypto. It's not like a major news station is going to ever cover crypto being hot fuckin garbage. And if it's negative news they'll call it FUD or tune it out. So where would people figure it out from, if they can convince themselves that it's easy money and safe and avoid cognitive dissonance entirely? I don't think even a lifetime of repentance can make up for what I've realized but I don't think I could even get more than maybe 5 people I know interested in Crypto to even consider not getting or staying involved in crypto. notwithoutmyanus fucked around with this message at 03:17 on Jan 8, 2023 |
# ? Jan 8, 2023 03:15 |
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divabot posted:also, transferring "you can chart things" to "i can get useful information from charts of a number that is thoroughly manipulated by malign actors" this is actually not a good argument technical analysis is utter bullshit for a variety of reasons, but largely that it is chaotic behavior from the unpredictable interaction of countless numbers of people, with significant amounts of randomness added, and the "patterns" used are utter nonsense that work only in hindsight if the number was thoroughly manipulated it is entirely possible you could do analysis on the number because you are looking at the actions of a small, discrete number of bad actors and trying to predict their next bad act, which is significantly less insane than trying to predict the movements of an entire market based on squiggles that the best-case scenario for the information being useful is "a random walk around the market's true analysis of inherent value"
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# ? Jan 8, 2023 03:27 |
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evilweasel posted:this is actually not a good argument But one of the ways that the numbers are manipulated is that the markets on which you can act on the numbers are run by bad actors who will wipe you out before you can profit from the predicable moves.
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# ? Jan 8, 2023 04:30 |
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buttcoin my custom title is brought to you by seraph84.
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# ? Jan 8, 2023 04:39 |
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Lord Stimperor posted:I was also peripherally involved in a crypto thing. For about a year, a couple of other dorks and I would meet weekly to discuss new projects on the crypto forums and to come up with a use case for smart contracts that we could maybe make something out of.
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# ? Jan 8, 2023 05:07 |
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tango alpha delta posted:buttcoin so at first i was annoyed at how much you post that, but then i was like, do they really? maybe it just feels that way because i dislike it, and so it stands out more to me so i went looking backwards through your post history in this thread and because i dont understand how to make a computer do things for me i started counting on my fingers and in the past forty posts youve specifically mentioned that seraph bought that for you six times so i went back a page and tallied again, skimming and counting and thought to myself thats odd, yet again there are six seraph bought this title for you mentions, what a coincidence ! so i went back forty posts yet further and would not you know it, seraph is credited for the purchase of your title six times exactly so you can understand my surprise on discovering that not in the further two pages checked is a single mention! so then i click previous page once more and finally i have dug far back enough to find the post where you remark on it having been initially purchased, and that made me even MORE curious, because that means the timeline went that seraph bought you the ad and you acknowledge it once, then an ENTIRE YEAR passes, and then fully fifteen percent of your post history is telling people that seraph bought you that av so i have to ask: what the gently caress is your deal?
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# ? Jan 8, 2023 05:58 |
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General Bullshit › Bitcoin: brought to you by seraph84
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# ? Jan 8, 2023 06:05 |
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ellie the beep posted:so i have to ask: this is when the power cuts and a gunshot rings out
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# ? Jan 8, 2023 06:12 |
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ellie the beep posted:so at first i was annoyed at how much you post that, but then i was like, do they really? maybe it just feels that way because i dislike it, and so it stands out more to me Thank you for your service.
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# ? Jan 8, 2023 06:16 |
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ellie the beep posted:so then i click previous page once more and finally i have dug far back enough to find the post where you remark on it having been initially purchased, and that made me even MORE curious, because that means the timeline went that seraph bought you the ad and you acknowledge it once, then an ENTIRE YEAR passes, and then fully fifteen percent of your post history is telling people that seraph bought you that av This is the good kind of TA.
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# ? Jan 8, 2023 06:19 |
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ellie the beep posted:so at first i was annoyed at how much you post that, but then i was like, do they really? maybe it just feels that way because i dislike it, and so it stands out more to me Can you put this in chart form?
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# ? Jan 8, 2023 06:26 |
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coolusername posted:Adjacent to Bitcoin but the same narrative patterns of “hodl” and warriors against the establishment/feds and we’re early etc. are found in the bed bath and beyond sub - a bunch of people super-invested in the secret potential of BBBY stocks to shoot up to unfathomable wealth if you get in early enough due to its secret values - and they are going batshit over the news the company is contemplating bankruptcy in a very familiar way. I love the premises here. why would the company lie about being bankrupt if they're actually successful? Why do they believe BBY is a good investment and going places? Why would believing in the success of a department store make them heroes? Why would someone be mad about them buying and holding company stock? I assume the answer to all of these questions is "to lure in some more bag holders", but a lot of these psychos probably believe their own hype and it boggles the mind
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# ? Jan 8, 2023 06:31 |
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Purplebeard posted:This is the good kind of TA. there's only one good kind of TA
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# ? Jan 8, 2023 06:32 |
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Total annihilation ftw
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# ? Jan 8, 2023 06:39 |
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I got a couple avatars from seraph too, but they were like...a diseased penis, because I think, since I was the first to comment on him getting a pony avatar before he was ban on sight, that I gave it to him, which I didn't.
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# ? Jan 8, 2023 06:46 |
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ellie the beep posted:so at first i was annoyed at how much you post that, but then i was like, do they really? maybe it just feels that way because i dislike it, and so it stands out more to me "tango alpha delta" is a Seraph alt. I thought we all knew that and were just playing along? Like one account he wasn't horribly annoying with? Guess not.
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# ? Jan 8, 2023 07:10 |
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# ? May 29, 2024 19:42 |
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Thesaurus posted:I love the premises here. why would the company lie about being bankrupt if they're actually successful? Why do they believe BBY is a good investment and going places? Why would believing in the success of a department store make them heroes? Why would someone be mad about them buying and holding company stock? Here, I’ll let them explain in their own words some hot ideas: quote:Could interested retail investors buy 75%-100% of the float, and then spokespersons would participate in negotiating the restructuring and the sale of certain assets to create a more profitable company? It is actually both mathematically and practically feasible….. quote:You are forgetting the millions of shares already owned by retail in the calculation. Discord has what, 600 users, and owns ~ 1m alone. quote:There are 40,000 people on reddit. Estimate the average holdings as you will. A wild skeptic appears! quote:you do know the general public think this company is dog poo poo; the company literally just announced “we are hosed”. Cohen sold at the top….i can go on and on The skeptic’s attack was ineffective… quote:This is a flat out case of hedgies and shills being caught with their hand in the cookie jar. No other reason they should be this concerned with our investment. quote:The fact that you’re specifically trying to derail us means I’ll be buying more on Monday. When shills are scared… I’m greedy! quote:Don’t forget that you can always buy more. You literally can’t have enough. Every share you buy now will make you that much richer in the future. It’s hilarious how shills don’t realize this. It’s plain as day.
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# ? Jan 8, 2023 07:25 |