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The only argument that you need against bitcoin investment is that it is illogical to expect a positive return on a negative sum game. Sure, some will win completely at the expense of others, but the average return can only be a loss.
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Dec 11, 2023 06:52
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that's a really succinct way of putting it, nice
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Dec 11, 2023 07:12
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not that any of these bitcoin dipshits will ever listen
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Dec 11, 2023 07:27
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small butter posted:
This is the only part a bitcoiner would listen too, and they'd be confident they'll be the one winning rather than the one losing
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Dec 11, 2023 07:34
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TheOneAndOnlyT posted:Are these the ones that are all like "wow it sure is hosed up that our parents and grandparents could afford houses just by getting normal jobs, but our generation is barely making ends meet, the system needs to change!"? Because they're running these on sports games too and I think it's the first ad I've seen in awhile that actively pissed me off. Oh I just switch to another tab or switch my VPN to Poland where Twitch ads are banned, so I haven't seen what they actually are 
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Dec 11, 2023 09:27
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Boxturret posted:This is the only part a bitcoiner would listen too, and they'd be confident they'll be the one winning rather than the one losing Buy low,
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Dec 11, 2023 09:30
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notwithoutmyanus posted:The quotes in this article are on par with the bad decision, and compete with eachother. Wow!! Amazing news! That $27M has become... 60.5 GABRILLION!! That's right, we've had to invent a whole new word to describe how RICH you are! Now you can tell everyone you're a multi ultra super mega bazillionare, rich in Dogecoin!! Imagine all the things you can spend that money on! No, really, imagine it! Please!
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Dec 11, 2023 11:44
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Sounds blatantly criminal to me Also, below that article: quote:Dogecoin to Join Bitcoin in Lunar Mission: Astrobotic's Peregrine Mission One Littering the moon? Is that what we're doing now?
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Dec 11, 2023 12:49
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Foo Diddley posted:not that any of these bitcoin dipshits will ever listen
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Dec 11, 2023 13:07
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notwithoutmyanus posted:The quotes in this article are on par with the bad decision, and compete with eachother. It's that director who shook down Netflix and is trying to take them for even more in court. "Rinsch allegedly spent a significant portion of his newfound wealth lavishly, including approximately $9 million on high-end furniture, designer clothing, a luxury watch worth over $380,000, and a fleet of extravagant automobiles, including five Rolls-Royces and a Ferrari. These expenditures came to light during divorce proceedings when a forensic accountant hired by Rinsch's ex-wife scrutinized his spending." Nice guy.
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Dec 11, 2023 14:11
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https://screenrant.com/who-is-carl-rinsch-netflix-55-million-conquest-show/ Methed up hack director squanders millions
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Dec 11, 2023 14:36
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oh welp it looks like it's back down to 2 million because he didn't sell
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Dec 11, 2023 14:38
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small butter posted:The only argument that you need against bitcoin investment is that it is illogical to expect a positive return on a negative sum game. Sure, some will win completely at the expense of others, but the average return can only be a loss. Yeah plenty of people made money from Ponzi too doesn’t mean it was a good idea to invest
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Dec 11, 2023 14:52
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Strategic Tea posted:The fact that people who try to day trade don't understand why they can never win doesn't make the market itself corrupt. The thing that drives me crazy is all the "due your own research and due diligence" mantras that get spouted in ape communities. You are not qualified to do you your own loving stock research. If you were you wouldn't be seeking help from a bunch of randos on the internet.
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Dec 11, 2023 18:56
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They say that as an attempt to limit their personal liability for when someone following their advice loses all their money.
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Dec 11, 2023 19:09
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It's an argument of "if you'd actually done your research and looked into this, you'd obviously have arrived at the same viewpoint as me."
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Dec 11, 2023 19:10
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The funny thing about any bitcoiner gloating about the price right now compared to 2017 (and to be clear, the average "investor" is down) is that you could have bought the 2017 top of practically any major tech stock and you'd be better off than buying the 2017 bitcoin top. Why the top? Well, that's because most people buy around then and not when the price is low. So if you bought META, you'd be about even with bitcoin, and if you bought AMZN, GOOGL, AAPL, or MSFT you would have beaten bitcoin by as much as over 2x. Buying the 2017 NVDA top is like having bitcoin be worth $170k now. AMD, bitcoin like $190k now. And this is without all the bullshit: the extreme volatility based on nothing, possibly losing your keys or getting hacked, the buying and selling fees, the possibility of losing it all because the government decides to ban your dumb and worthless coins. Since coiners love charts and looking at past performance and equating it to future performance, they need to face reality: almost everyone knows about the corn and the bottom-to-top and top-to-top gains are getting smaller and smaller since inception for very obvious reasons. $12 top in 2011 to $1k top in 2013, $1k top in 2013 to $20k top in 2017, $20k top in 2017 to $70k top in 2021. There will be no million dollar bitcoin. I wouldn't be surprised if there was a pump to $90k or whatever, but that's little consolation for the buyers at $70k when the S&P would likely match it or any random tech stock would trounce it. EDIT: To get these kinds of gains again, you'd have to hunting for shitcoins, most of which will lose everything. But if you want to do that, you can save yourself a couple of crypto steps and the headache and hunt for biotech stocks that can net you 20x in months. At least you'd be funding cancer research or some poo poo while you lose most of your money. small butter fucked around with this message at 21:45 on Dec 11, 2023 |
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Dec 11, 2023 21:40
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small butter posted:almost everyone knows about the corn I would like to know more about the corn. 
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Dec 11, 2023 21:45
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I, too, have no idea what "the corn" means in this context.
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Dec 11, 2023 21:46
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I heard it's got the juice.
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Dec 11, 2023 21:47
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The bitcorn.
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Dec 11, 2023 21:47
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small butter posted:The bitcorn. Thank you, small butter!
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Dec 11, 2023 21:48
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small butter posted:The funny thing about any bitcoiner gloating about the price right now compared to 2017 (and to be clear, the average "investor" is down) is that you could have bought the 2017 top of practically any major tech stock and you'd be better off than buying the 2017 bitcoin top. Why the top? Well, that's because most people buy around then and not when the price is low. So if you bought META, you'd be about even with bitcoin, and if you bought AMZN, GOOGL, AAPL, or MSFT you would have beaten bitcoin by as much as over 2x. Buying the 2017 NVDA top is like having bitcoin be worth $170k now. AMD, bitcoin like $190k now. And this is without all the bullshit: the extreme volatility based on nothing, possibly losing your keys or getting hacked, the buying and selling fees, the possibility of losing it all because the government decides to ban your dumb and worthless coins. friggen MSFT is up 250% over five years lol
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Dec 11, 2023 21:56
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BitCorn comes in with the fall harvest. Invest now!
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Dec 11, 2023 22:05
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Desert Bus posted:BitCorn comes in with the fall harvest. Invest now! Great thing about bitcorn is even after you use it it's still whole.
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Dec 11, 2023 22:06
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Investing in Bitcorn is pointless, you get exactly as much out as you put in
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Dec 11, 2023 22:09
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cruft posted:Thank you, small butter! Butt...er...coin?
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Dec 11, 2023 22:19
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small butter posted:EDIT: To get these kinds of gains again, you'd have to hunting for shitcoins, most of which will lose everything. But if you want to do that, you can save yourself a couple of crypto steps and the headache and hunt for biotech stocks that can net you 20x in months. At least you'd be funding cancer research or some poo poo while you lose most of your money. I loved seeing this a few years ago where they would say they weren't intrested in anything less than 4 digit pecentage increases.
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Dec 11, 2023 22:41
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Space Fish posted:Butt...er...coin? Buttercorn 
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Dec 11, 2023 22:46
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cruft posted:I would like to know more about the corn. https://clickhole.com/please-look-at-this-corn-please-1825124687/
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Dec 11, 2023 23:09
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The toaster was worth it just for the content.
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Dec 11, 2023 23:16
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Facts vs Feelings posted:Clearly it bothers you that I am posting here. Given that: Lol pretty sure that's a type of terrorism rear end in a top hat. A really sad, 5 year's old version.
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Dec 11, 2023 23:41
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MEIN RAVEN posted:terrorism rear end in a top hat How does bitcorn interact with the terrorism rear end in a top hat?
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Dec 11, 2023 23:59
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cruft posted:How does bitcorn interact with the terrorism rear end in a top hat? Depends on when the oil hits the anus, or was that slurp juice? Ah nomenclature of corn. notwithoutmyanus fucked around with this message at 00:05 on Dec 12, 2023 |
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Dec 12, 2023 00:02
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Another point is that, even if you wanted to compare bitcoin's fresh lows of the past year to its current highs, you'd have been better off buying stock in the "blue chip" companies dealing with magic beans than holding onto magic beans themselves. For example, COIN's and RIOT's recent lows to highs were 4.5x, while the corn's was 2.9x. That's like corny poop going for $70k now. Seems like investing in the casino that sells gamblers chips is a wiser strategy than hoping for the chips to magically appreciate in value.
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Dec 12, 2023 00:38
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I'd be happy to invent the term "terrorism rear end in a top hat." Way better gift to mankind than bitcoin.
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Dec 12, 2023 00:43
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small butter posted:The only argument that you need against bitcoin investment is that it is illogical to expect a positive return on a negative sum game. Sure, some will win completely at the expense of others, but the average return can only be a loss. The insidious thing about Bitcoin is how they wrapped it into some pseudo historical/social movement. It's the future of economics and you will be on the ground floor of the revolution!
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Dec 12, 2023 01:26
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small butter posted:The only argument that you need against bitcoin investment is that it is illogical to expect a positive return on a negative sum game. Sure, some will win completely at the expense of others, but the average return can only be a loss. I really like this, by the way.
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Dec 12, 2023 01:34
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TheOneAndOnlyT posted:Are these the ones that are all like "wow it sure is hosed up that our parents and grandparents could afford houses just by getting normal jobs, but our generation is barely making ends meet, the system needs to change!"? Because they're running these on sports games too and I think it's the first ad I've seen in awhile that actively pissed me off. Well it's not like you're allowed to try to do anything else about those problems.
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Dec 12, 2023 02:03
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Songbearer posted:Investing in Bitcorn is pointless, you get exactly as much out as you put in Put in…where?
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Dec 12, 2023 02:03
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