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Thread: Bitcoins are officially donkdown

  1. #6741
    Plutonium sonatine's Avatar
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    ~32,000 BTC (~16% of holdings) were withdrawn since the trump covid announcement.

    ~115m (~19%) of open interest closed since the trump covid announcement.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  2. #6742
    Diamond Pro Zap_the_Fractions_Giraffe's Avatar
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    watch and learn: starting a new job on 10/5, so i put everything in my checking account into YFI. why? no reason, no research, just looked at it, thought it looked retarded and had a shitty name, noticed that it had lost the most value today. gonna show you guys the Christian way of investing in crypto currency.

  3. #6743
    Diamond Pro Zap_the_Fractions_Giraffe's Avatar
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    how much was in my checking account, you ask? 506 dollars

  4. #6744
    Diamond TheXFactor's Avatar
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    John McAfee arrested for tax evasion, charged by SEC for touting ICOs

    https://www.engadget.com/mcafee-tax-...222542206.html

    John McAfee is an insane, crazy asshole.

    He should run for President as a Republican.


  5. #6745
    Owner Dan Druff's Avatar
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    No wonder McAfee made that "eat my own dick" claim about where bitcoin would be by a certain date.

    When bitcoin rises, so do other cryptos. When bitcoin crashes, so do other cryptos.

    Even though there are thousands of cryptocurrencies, all of which promote themselves as unique in some way, in reality it's thousands of sides of the same (bit)coin.

  6. #6746
    Diamond TheXFactor's Avatar
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    Anti-virus software creator John McAfee is arrested in Spain and charged with tax evasion for 'hiding cryptocurrency, a yacht, real estate and failing to file returns from 2014 to 2018'

    https://www.dailymail.co.uk/news/art...x-evasion.html

    John McAfee was arrested in Spain on Monday and charged with tax evasion

    Federal prosecutors unsealed indictment against the creator of the eponymous anti-virus software over charges that he willfully failed to file tax returns

    Charges were announced shortly after SEC alleging that he made $23.1million in undisclosed compensation from recommending seven cryptocurrency offerings

    The Justice Department said he failed to file any tax returns from 2014 to 2018

    Alleged offering were made on Twitter and were materially false and misleading
    Can John McAfee claim that he did too much cocaine and just forgot to pay?


  7. #6747
    Plutonium sonatine's Avatar
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    600k bitcoins are now held by publicly traded companies.

    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  8. #6748
    Diamond dwai's Avatar
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    Quote Originally Posted by sonatine View Post
    600k bitcoins are now held by publicly traded companies.

    does that mean they're donkdown?

  9. #6749
    Plutonium sonatine's Avatar
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    so paypal is going to allow payments at all vendors via cryptocoins...very interesting news, that.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  10. #6750
    Plutonium sonatine's Avatar
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    the more i look for details on their implementation, the less sense it makes.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  11. #6751
    Diamond dwai's Avatar
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    ARE THEY DONKDOWN THOUGH?

  12. #6752
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    Aside from the details of how they will implement this, isn't this news pretty huge?

  13. #6753
    Plutonium sonatine's Avatar
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    Quote Originally Posted by Gordman View Post
    Aside from the details of how they will implement this, isn't this news pretty huge?
    it definitely feels like it but weve seen what, 3 or 4 other yuuuuuge announcements about adaptation that dropped off the map real fast.

    pretty sure this leads to

    - accounts getting banned/suspended/terminated
    - endless valid complaints about transaction fees
    - paypal crunching the numbers and shitcanning the whole idea because its a support nightmare

    but honestly who knows... the fed, china, and i believe ussr are toying with crypto currencies as official state apparatus so perhaps this is just paypal getting familiar with the lay of the land...?

    your guess is as good etc.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  14. #6754
    Plutonium sonatine's Avatar
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    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  15. #6755
    Plutonium sonatine's Avatar
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    honestly i have no idea what sort of impact this is going to have on the price of btc but the USDOJ is cleaning fuckin house on this shit.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  16. #6756
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    Hard to get my mind around the current value of BTC and the stock market. Like wtf?

  17. #6757
    Gold MrTickle's Avatar
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    we are over 15k

  18. #6758
    Platinum Krypt's Avatar
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    Impressive move up thus far. Can it breach the ATH before thanksgiving? Given the sheer violence of the move up the past few weeks, I think it is attainable. But, even though the ATH is attainable, is this price sustainable? IMO the answer to that question is definitively NO.

  19. #6759
    Plutonium sonatine's Avatar
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    The Great Rug Pull is coming
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  20. #6760
    Hurricane Expert tgull's Avatar
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    I used to be amazed at Bitcoin, now I am just like ok. We just pumped in $3 Trillion into the economy, poised to dump in another $2 Trillion in January for more Covid relief. Then we have $40 Trillion in the next 10 years in unfunded liabilities. I mean this country, world for that matter is broke. It just dawned on me this whole world economy is just one huge ponzi scheme.

     
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      sonatine: l'chaim
      
      Tellafriend: Right. And we are at the bottom of the pyramid

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