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Forum » LOL @ Bitcoin
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Thread: LOL @ Bitcoin

post 1582873251 06-27-2019, 02:04 PM
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#31
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Originally Posted By LinuxJon⏩
The arrogance of the crypto people is hilarious.

Anyone who doesn't agree with the future outlook, who points out glaring holes in the concept, or who generally doesn't invest just "doesn't understand it".
What glaring holes in the concept have you pointed out? Where did I say you dont understand it because you "dont invest"? I didn't say that at all.

Didn't say a word about you not agreeing with the future outlook.

In fact its like you didn't even read what I posted and Ignored the example I gave and the reasoning behind it.


Why am I not surprised a person who welch's out on a bet/deal would ignore this as well.

SAD.


On a side note, if you posted a video of you doing 235x2 on strict form overhead press, I'll send you $200 of btc.
post 1582873341 06-27-2019, 02:06 PM
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Just a bunch of edgelords with a penchant for memes thinking they're being forward thinking for putting their USD into bits of code that 99% have no real world purpose for except buying chit on silk road under the guise that the fed can't trace it back to them. Just lol

Of course the super rich love crypto because it makes it way easier to hide their wealth from the tax man. Chit might have even been invented by the Swiss bank
post 1582873391 06-27-2019, 02:07 PM
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#33
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Originally Posted By LinuxJon⏩
My point is that people don't even handle REAL money properly. The only reason banking works is that it's insured by central entities that people trust will make good on anything that goes wrong.

With a decentralized currency, there by definition can't be a central entity to guarantee it.

Take away the FDIC and all the federal laws regarding banking and people would have floor safes full of currency. Any argument for how secure crypto "can" be is beside the point.
Originally Posted By LinuxJon⏩
The arrogance of the crypto people is hilarious.

Anyone who doesn't agree with the future outlook, who points out glaring holes in the concept, or who generally doesn't invest just "doesn't understand it".
Its not arrogance, you really just don't understand it. The fact that you continuously compare it to centralized banking shows that. It's not based on the same concepts. Its fine if you think its a scam and doomed to total failure but a lot of people don't. Guess we'll see who's right eventually.
post 1582873411 06-27-2019, 02:07 PM
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#34
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Originally Posted By ooph⏩
You don't understand how crypto works, do you? Yes some people understand it, and some people (you) don't. That is the point.



Dont keep your funds on a ****ty exchange? Would you give your $$$ to a shady booky? No. But you would to an established investment firm wouldn't you?

Or if you really wanted to be smart, you'd keep all your funds in your safe at home where nobody can touch it...
"You just don't understand blockchain" is my favorite response to why Bitcoin isn't anything but a speculation house of cards.
post 1582873531 06-27-2019, 02:08 PM
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#35
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Originally Posted By quadfecta⏩
Just a bunch of edgelords with a penchant for memes thinking they're being forward thinking for putting their USD into bits of code that 99% have no real world purpose for except buying chit on silk road under the guise that the fed can't trace it back to them. Just lol
Yes crypto has a 315 BILLION $ value right now, but its all a bunch of edgelords... All of it! That's all fake monies, fake bits of code!
Originally Posted By Dan_S⏩
"You just don't understand blockchain" is my favorite response to why Bitcoin isn't anything but a speculation house of cards.
So you ignore everything else stated where I proved he was making claims that are completely untrue and he really had no idea what he is talking about? Makes sense. Yes he clearly 'understands' it. When hes making 100% patently false statements. Got it Dan!
post 1582873541 06-27-2019, 02:08 PM
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#36
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Originally Posted By quadfecta⏩
Just a bunch of edgelords with a penchant for memes thinking they're being forward thinking for putting their USD into bits of code that 99% have no real world purpose for except buying chit on silk road under the guise that the fed can't trace it back to them. Just lol

Of course the super rich love crypto because it makes it way easier to hide their wealth from the tax man. Chit might have even been invented by the Swiss bank
honestly I would only buy bitcoin if I were doing something illegal and I wanted to launder money that's what it was being used for initially until everybody and their aunt started buying it and now think they reinvented the wheel or something.
post 1582873681 06-27-2019, 02:10 PM
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post 1582875071 06-27-2019, 02:27 PM
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#38
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Originally Posted By ooph⏩
Yes crypto has a 315 BILLION $ value right now, but its all a bunch of edgelords... All of it! That's all fake monies, fake bits of code!
now that's what I call a global impact.
:D
post 1582875441 06-27-2019, 02:31 PM
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#39
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Meh. If crypto doesn't pan out, I'm down a couple thousand dollars of expendable income. If it continues to boom, I'm rich bitch.

I already cashed close to my break even point. When it moons again, and it will, I'll cash out the rest of my initial investment and reinvest the extra when it corrects. Lol at ignoring free money
post 1582875471 06-27-2019, 02:32 PM
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#40
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Originally Posted By hackerwacker⏩
Meh. If crypto doesn't pan out, I'm down a couple thousand dollars of expendable income. If it continues to boom, I'm rich bitch
I bought 1 coin at $3,800.00... sold it at $9,236.00. Wont buy again unless it dips below $1,000.00. Good chance it will tank...to low low levels. No continuity with crypto.
:D
post 1582875711 06-27-2019, 02:36 PM
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#41
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Ten + years in and the only real world use scenario is to speculate on it's respective value in fiat.
post 1582875771 06-27-2019, 02:37 PM
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#42
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Originally Posted By colbski⏩
I bought 1 coin at $3,800.00... sold it at $9,236.00. Wont buy again unless it dips below $1,000.00. Good chance it will tank...to low low levels. No continuity with crypto.



Agreed. Looks like its going down to 1k any day now! ******** trying to create its own coin, and countless investment firms attempting to get into crypto. But yes, NO continuity with it at all. Any day now we'll see it die.
post 1582875791 06-27-2019, 02:37 PM
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#43
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Originally Posted By colbski⏩
I bought 1 coin at $3,800.00... sold it at $9,236.00. Wont buy again unless it dips below $1,000.00. Good chance it will tank...to low low levels. No continuity with crypto.
das it

But you will never see it dip to below 1k again. That ship has sailed.
post 1582875921 06-27-2019, 02:40 PM
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#44
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Originally Posted By ooph⏩
Feels good having made $250k in the past month and a half off crypto. More than any of you in this thread make annually.

But yes "BUBBLE!" "SCAM!" okay.

where do you think that money came from that you made? How are those dumb assess that bought your tokens supposed to break even or make money?
post 1582876071 06-27-2019, 02:42 PM
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#45
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Originally Posted By gixxer0.6g⏩
You do realize that with today's massive 20% drop just put us back to where we were at the beginning of the week don't you?

I don't know where you got your financing degree, but this is a very bullish chart where I come from









I don't even know why we are listening to you and your 500 credit score and debt to income ration that would make R Kelly laugh.
Where did I say ANYTHING debating the value other than it's funny how everyone is so pumped about it being awesome again?

The bottom line is that the current value is based in speculation. It's not at $13k because you can buy drugs online and use it on overstock and a few niche websites. Either the general populous eventually has to adopt it or it's going to die on the vine. Anyone who debates that is kidding themselves. I'm pointing out why I don't believe 95% of people will ever embrace it.
480s / 370b / 495d / 235 x 2 SOHP

Trump 2020
DeSantis 2024
Catbrah 2032

Misc Firearms Crew
Misc Wristwatch Crew
Will sell wife's foot pics for watch/gun money crew
Definitely not a fed crew
post 1582876261 06-27-2019, 02:44 PM
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#46
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Originally Posted By Frank
where do you think that money came from that you made? How are those dumb assess that bought your tokens supposed to break even or make money?
I've sold a small % of my btc holdings... I'm still sitting on $500k+... So i'll correct myself. I have increased my account value. I haven't pulled it all out as profit.

so I haven't sold to any "dumb asses". People buy crypto for many different reasons. Some see it as a store of value, some use it for nefarious things, some use it as an investment vehicle...
post 1582876291 06-27-2019, 02:45 PM
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#47
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Originally Posted By ooph⏩



Agreed. Looks like its going down to 1k any day now! ******** trying to create its own coin, and countless investment firms attempting to get into crypto. But yes, NO continuity with it at all. Any day now we'll see it die.
cute little chart you have, I can post that too:



Good luck with your goals and I hope the ledgers treat you and your family well.
:D
post 1582876301 06-27-2019, 02:45 PM
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#48
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99% of the population is too stupid to use Bitcoin anyways. One wrong click or wrong address and your tokens are gone forever
post 1582876431 06-27-2019, 02:48 PM
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#49
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Originally Posted By ooph⏩
I've sold a small % of my btc holdings... I'm still sitting on $500k+... So i'll correct myself. I have increased my account value. I haven't pulled it all out as profit.

so I haven't sold to any "dumb asses". People buy crypto for many different reasons. Some see it as a store of value, some use it for nefarious things, some use it as an investment vehicle...
99% use it as a speculative investment that will be worth more in the future than today. I mean look at your humble brag in this thread, implying because you made money on it that it's not a scam.

People make money on scams.
post 1582876931 06-27-2019, 02:55 PM
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#50
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Originally Posted By hackerwacker⏩
das it

But you will never see it dip to below 1k again. That ship has sailed.
Lol the surety of some cryptards is hilarious.
post 1582877051 06-27-2019, 02:57 PM
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#51
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i invested a few hundred bucks in bitcoin during the initial boom in 2017. I think this recent rollercoaster ride is just the beginning. HODL ON TO UR BUTTS PPL. there is good chance it'll skyrocket to 20k again, and when that happens i'll be cashing out until further notice of progress. invest a little and don't worry about it. it's the people who dump their life savings into BTC that make the rest of us look insane lol. i'm interested in the long term goal, fall or rise.
TEXAS REPS
post 1582877071 06-27-2019, 02:57 PM
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#52
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Originally Posted By Frank
99% use it as a speculative investment that will be worth more in the future than today. I mean look at your humble brag in this thread, implying because you made money on it that it's not a scam.

People make money on scams.
So your assessment is bitcoin is a scam, is that correct?
Originally Posted By Frank
99% of the population is too stupid to use Bitcoin anyways. One wrong click or wrong address and your tokens are gone forever
I'll agree with you to a point here.

It's not one wrong click and your money is gone. Yes if you input the wrong address and dont verify it is possible. Yet its not like one wrong letter or number and its gone... addresses don't work that way.

But yes I do agree that majority of retards are too dumb for it in its current state.
post 1582877381 06-27-2019, 03:04 PM
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#53
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Originally Posted By thenegmaster⏩
Why can't most people be like this?

Only in crypto do people act like gigantic dikheads to the people investing in crypto. Is it jealousy? Is it because they don't understand crypto in general?

When someone buys Apple stock and it eats chit, nobody is like "LOL. Nice job, Apple *******s buying fake stock. LOL." It's all very weird to me.
should have invested in samsung dumbdumb.
:D
post 1582878251 06-27-2019, 03:24 PM
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#54
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Originally Posted By ooph⏩
So your assessment is bitcoin is a scam, is that correct?



I'll agree with you to a point here.

It's not one wrong click and your money is gone. Yes if you input the wrong address and dont verify it is possible. Yet its not like one wrong letter or number and its gone... addresses don't work that way.

But yes I do agree that majority of retards are too dumb for it in its current state.
no it's not a scam in itself, but the marketing\hype around it is.

Buy it, sell it hopefully at a higher price. That's all it's good for. And as far as cryptos go Bitcoin is a pos
post 1582879301 06-27-2019, 03:39 PM
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#55
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Originally Posted By thenegmaster⏩
Why can't most people be like this?

Only in crypto do people act like gigantic dikheads to the people investing in crypto. Is it jealousy? Is it because they don't understand crypto in general?

When someone buys Apple stock and it eats chit, nobody is like "LOL. Nice job, Apple *******s buying fake stock. LOL." It's all very weird to me.
I lol at the canned bullchit pitches coinbase has for all the different chit coins now. Reminds me of web browser extensions you actually have to pay for to benefit from. It can't be that hard to understand, when the biggest crypto exchange has 1 minute "courses" to help the casuals understand the various use cases
post 1582881261 06-27-2019, 04:21 PM
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#56
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Originally Posted By thenegmaster⏩
Why can't most people be like this?

Only in crypto do people act like gigantic dikheads to the people investing in crypto. Is it jealousy? Is it because they don't understand crypto in general?

When someone buys Apple stock and it eats chit, nobody is like "LOL. Nice job, Apple *******s buying fake stock. LOL." It's all very weird to me.
Probably because crypto is like a belief system, and crypto proponents are doing the same thing to “nocoiners”. Every time crypto is increasing in value they’re lol’ing at people who don’t hold whatever coins, and nocoiners give it back when chit’s tanking. And on and on it goes

That being said, I’m sure the same thing happens with stocks etc too but maybe not to this degree
post 1582881451 06-27-2019, 04:25 PM
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#57
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Originally Posted By Frank
99% of the population is too stupid to use Bitcoin anyways. One wrong click or wrong address and your tokens are gone forever
Is there a number for customer service?
post 1582881861 06-27-2019, 04:34 PM
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#58
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If you don't see the value of sending money to anywhere in the world without a centralized entity, you are delusional.

And this is just one use case. The ways blockchain will transform fintech in areas like prediction markets are innumerable.

If you don't see the potential here, you lack some serious imagination.
post 1582882121 06-27-2019, 04:40 PM
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#59
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Originally Posted By Yifan⏩
If you don't see the value of sending money to anywhere in the world without a centralized entity, you are delusional.

And this is just one use case. The ways blockchain will transform fintech in areas like prediction markets are innumerable.

If you don't see the potential here, you lack some serious imagination.
found the coincel
post 1582882201 06-27-2019, 04:41 PM
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Originally Posted By LinuxJon⏩
Full on hype was back in place because of the bull run on the price.

Brb, hacker steals $4.2m of BTC overnight, half of it out of supposedly secure private wallets.

This stuff isn't money. Cyber security is basically at the same place actual banking was in the 1800s when Wells Fargo coaches could get robbed by bandits. Except even then, the banks almost always got the money back to the depositors. Oh, and since 1933 the federal govt actually insures losses for individuals.

Society will never adopt this beyond the people already using it.
I don’t know anything about it and don’t really care either. Seems like a fad.

When **** hits the fan the only stuff that will be worth anything is liquor, cigs, guns and ammo. Better stock up now.
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