Page 339 of 341 FirstFirst ... 239289329335336337338339340341 LastLast
Results 6,761 to 6,780 of 6814

Thread: Bitcoins are officially donkdown

  1. #6761
    Plumber tgull's Avatar
    Reputation
    -270
    Join Date
    Aug 2015
    Location
    FU
    Posts
    2,511
    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.

     
    Comments
      
      sonatine: l'chaim
      
      Tellafriend: Right. And we are at the bottom of the pyramid
    Walter, the now relentless troll:

    From 2012: Having partisans run elections is insane. Having hundreds of different rules and procedures is insane

  2. #6762

     
    Comments
      
      badguy23: Green Rep for Grandma Rosa!!!
    he tries to fly under the radar with his gay big words - Big Bird

  3. #6763
    At what point do we dump? Serious question. Is that in play. I've been long since the last mega dip and am way out of the loop on the state of crypto over the last three or four months.

  4. #6764
    Nova Scotia's REAL #1 Webcam DJ sonatine's Avatar
    Reputation
    6438
    Join Date
    Mar 2012
    Posts
    29,223
    Quote Originally Posted by VaughnP View Post
    At what point do we dump? Serious question. Is that in play. I've been long since the last mega dip and am way out of the loop on the state of crypto over the last three or four months.

    ive seen posts from people who are literally holding onto their coins so they can pass them on to their children.

    but when i zoom back and filter out the simping, one thing is incredibly obvious to me:

    there will eventually be a new crypto currency that, at the very least, does not have bitcoins faults. and about 5 minutes after tiktok starts shilling it, billions and billions and billions of dollars worth of btc equity will evaporate. forever.
    "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


  5. #6765
    i'm very angry that everything is going up. i sold everything on november 2nd.

  6. #6766
    Owner Dan Druff's Avatar
    Reputation
    5568
    Join Date
    Mar 2012
    Posts
    38,618
    Blog Entries
    2
    Quote Originally Posted by sonatine View Post
    Quote Originally Posted by VaughnP View Post
    At what point do we dump? Serious question. Is that in play. I've been long since the last mega dip and am way out of the loop on the state of crypto over the last three or four months.

    ive seen posts from people who are literally holding onto their coins so they can pass them on to their children.

    but when i zoom back and filter out the simping, one thing is incredibly obvious to me:

    there will eventually be a new crypto currency that, at the very least, does not have bitcoins faults. and about 5 minutes after tiktok starts shilling it, billions and billions and billions of dollars worth of btc equity will evaporate. forever.
    That's also what I think.

    People believing 2020's crypto represents the future are as foolish as believing that 1980 VCRs represented the long term future of recording TV shows.

     
    Comments
      
      shoeshine box: deeeeppppp. ty.

  7. #6767
    Master of Props Daly's Avatar
    Reputation
    1940
    Join Date
    Mar 2013
    Posts
    7,952
    Quote Originally Posted by Daly View Post
    Quote Originally Posted by Dan Druff View Post
    Just busted over 11k. Wow. Finally destroyed the 10k resistance point.

    Going to 15K

  8. #6768
    So are we selling at 19k and buying back when it inevitably dumps?

  9. #6769
    If btc goes above 20k where does the train stop? I have no time to research any of this.

  10. #6770

    Question

    Quote Originally Posted by Daly View Post
    Quote Originally Posted by Daly View Post


    Going to 15K

    imo when it hit's 2ok again an ppl see they can recoup the loss of 2017-18s 20k to 4k plunge is when the regular ppl get back in...
    I can see it going back to 12k and up again to 25,30k....
    but yes the USA will have a crypto currency thru treasury eventually..??

  11. #6771
    NoFraud Poker Room Manager Belly Buster's Avatar
    Reputation
    1185
    Join Date
    Mar 2012
    Location
    England
    Posts
    3,374
    Quote Originally Posted by sonatine View Post
    Quote Originally Posted by VaughnP View Post
    At what point do we dump? Serious question. Is that in play. I've been long since the last mega dip and am way out of the loop on the state of crypto over the last three or four months.

    ive seen posts from people who are literally holding onto their coins so they can pass them on to their children.

    but when i zoom back and filter out the simping, one thing is incredibly obvious to me:

    there will eventually be a new crypto currency that, at the very least, does not have bitcoins faults. and about 5 minutes after tiktok starts shilling it, billions and billions and billions of dollars worth of btc equity will evaporate. forever.
    Would that make them donkdown, officially?

     
    Comments
      
      sonatine: i dont see how anyone can come to any other reasonable conclusion
    Quote Originally Posted by MumblesBadly View Post
    "So, yeah. I'm definitely a total fucking retard".
    Quote Originally Posted by Gene Hunt
    NoFraud Online Poker Room: http://nofraud.pokerfraudalert.com:8087. For password resets and reload requests PM me.

  12. #6772
    Owner Dan Druff's Avatar
    Reputation
    5568
    Join Date
    Mar 2012
    Posts
    38,618
    Blog Entries
    2
    Seems to have hit resistance point at 16k

  13. #6773
    Platinum ftpjesus's Avatar
    Reputation
    350
    Join Date
    Mar 2012
    Location
    Mesa AZ
    Posts
    2,681
    It amazes me that from the Covid crash to now itís up almost 4x (low on Coinbase for the year was 3828.00 and we hit the 4x when it was almost to 16k but has retraced back to just under 15k as I type this. Not gonna lie I wish Iíd bought more in March. 400% profit nearly in 7 months is just unheard of unless youíre day trading options.

  14. #6774
    Owner Dan Druff's Avatar
    Reputation
    5568
    Join Date
    Mar 2012
    Posts
    38,618
    Blog Entries
    2
    I've determined that it's impossible to predict where bitcoin will go, so I don't regret when I fail to hold during a run-up, or hold during a crash.

    The only semi-predictable pattern I see is resistance points -- where people sell off when it gets to a round number. But even that can be tough. For example, 11k was long a resistance point this year, so I dumped when it hit 11k, and then it continued rocketing up to 16k. And it turned out that 16k was the resistance point, and now we're back to 15.

    Whatever.

    The one I thing I do try is not to request BTC cashouts from gambling sites when it's moving up or down, because by the time I get it, it might show up during a crash while I'm sleeping or something, and I'll wake up to bad news. I usually put in a request when it seems to be stable for the moment.

  15. #6775
    Nova Scotia's REAL #1 Webcam DJ sonatine's Avatar
    Reputation
    6438
    Join Date
    Mar 2012
    Posts
    29,223


    coinbase is basically now a decentralized bitcoin sidechain.

    i expect to see a proliferation of similar initiatives. non zero chance they eventually accidentally undermine the central security themes to btc and something ugly happens when the wrong people discover it.
    "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. #6776
    Quote Originally Posted by sonatine View Post


    coinbase is basically now a decentralized bitcoin sidechain.

    i expect to see a proliferation of similar initiatives. non zero chance they eventually accidentally undermine the central security themes to btc and something ugly happens when the wrong people discover it.
    isnít this pretty much what PayPal will be doing?

    you donít really own the coins without the keys
    Hi Lew!!!

  17. #6777
    Owner Dan Druff's Avatar
    Reputation
    5568
    Join Date
    Mar 2012
    Posts
    38,618
    Blog Entries
    2
    Quote Originally Posted by sonatine View Post


    coinbase is basically now a decentralized bitcoin sidechain.

    i expect to see a proliferation of similar initiatives. non zero chance they eventually accidentally undermine the central security themes to btc and something ugly happens when the wrong people discover it.
    Surprised it took this long, actually.

    But yeah, this has eventual fail written all over it.

  18. #6778
    NoFraud Poker Room Manager Belly Buster's Avatar
    Reputation
    1185
    Join Date
    Mar 2012
    Location
    England
    Posts
    3,374
    Quote Originally Posted by Dan Druff View Post
    Quote Originally Posted by sonatine View Post


    coinbase is basically now a decentralized bitcoin sidechain.

    i expect to see a proliferation of similar initiatives. non zero chance they eventually accidentally undermine the central security themes to btc and something ugly happens when the wrong people discover it.
    Surprised it took this long, actually.

    But yeah, this has eventual fail written all over it.
    It isn't anything new though, Coinbase have been doing this for years already.

    Probably makes sense if you want to min-buy, but not if you have any serious coin.
    Quote Originally Posted by MumblesBadly View Post
    "So, yeah. I'm definitely a total fucking retard".
    Quote Originally Posted by Gene Hunt
    NoFraud Online Poker Room: http://nofraud.pokerfraudalert.com:8087. For password resets and reload requests PM me.

  19. #6779
    Nova Scotia's REAL #1 Webcam DJ sonatine's Avatar
    Reputation
    6438
    Join Date
    Mar 2012
    Posts
    29,223

     
    Comments
      
      Tellafriend: funny but prob staged
    "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. #6780
    Even those shitty off brand coins we got for free from Druff have went up. I never cashed them out as I just left them in coinbase for next poker deposit. I recall it was like $35 and I think $12 or something for second set. They have went up like 20%, if Iím recalling their original value correctly, when I logged into coinbase.

Thread Information

Users Browsing this Thread

There are currently 5 users browsing this thread. (1 members and 4 guests)

  1. Belly Buster

Similar Threads

  1. Matt Marafiati has officially challenged SrslySirius to a rap battle
    By NaturalBornHustler in forum Flying Stupidity
    Replies: 47
    Last Post: 10-14-2020, 10:08 AM
  2. DD seemes to be officially DD
    By Hugh Chardon in forum Flying Stupidity
    Replies: 121
    Last Post: 08-13-2014, 04:07 PM
  3. ***My Officially Official Super Bowl Pick***
    By abrown83 in forum Flying Stupidity
    Replies: 4
    Last Post: 02-03-2013, 10:51 PM
  4. IP officially DD
    By Daredevil in forum Flying Stupidity
    Replies: 6
    Last Post: 11-23-2012, 05:24 PM
  5. I officially hate Dana White now
    By shortbuspoker in forum Flying Stupidity
    Replies: 36
    Last Post: 06-05-2012, 06:57 PM

Tags for this Thread