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Thread: Bitcoins are officially donkdown

  1. #7741
    Plutonium sonatine's Avatar
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    Quote Originally Posted by BetCheckBet View Post
    Quote Originally Posted by sonatine View Post
    just a quick reminder; you were all warned.



    jpegs of cartoon apes are a better store of value than your beanie baby coins.



    contemplate this on the tree of woe.
    Having a friend who is really into this (he's s smart guy and has made a shit ton of money with conservative investing in NFTS, his child already has a full education fund as a result, he will eventually get hit but never lose nearly as much as he has made). Most guys in this openly admit its ridiculous but just can't resist the huge ROIs.

    You pretty much have to be running in circles with the major investors, spending your days talking on discord, always being aware of the next project and getting on their whitelist, and have an active social media to shill shit back and forth.

    Also the new generation of NFTS are successful for following reasons.

    1)smart contracts allow for things like "bitch tax" which penalizes anyone who sells below what they bought for. I didn;t think I have to tell you what a bubble this creates but get in on a whitelist for major project you are extremely set.

    2) also smart contracts allow for royalties to holders. This is sketchy as it gets into SEC territory. Nevertheless you can make a shit ton in royalties through getting on whitelists as well

    3) less important but now NFTs are being marketed as buying into a community. You'll get exclusive offers, early whitelists for other projects or currencies, its like you are buying a membership to a club. you'll see all sorts of convoluted roadmaps and promises of ongoing value through continued work from developers (All supposedly paid for through minting fees).

    PLOP and a few other people I know did very well with NFTs but like you said, they really made getting in on the ground floor of these ponzis their job.

    Its a curious thing; the people who end up getting advantageous access to profitable projects are all popular and established NFT influencer accounts who accrued the overwhelming majority of their followers by being successful at getting rich off NFTs.

    The 2nd tier are the people who turn discord farming into a full time job, such as your friend, PLOP, etc.

    The rest dont matter because they get rugged 99% of the time trying to imitate the success of the 2nd tier players.

    Meanwhile, over here on Earth... https://twitter.com/#!/x/status/1518714038645051395

     
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      BetCheckBet:
      
      Sanlmar: Plop has been remarkable
    "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. #7742
    Master of Props Daly's Avatar
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    Quote Originally Posted by sonatine View Post
    Quote Originally Posted by Tellafriend View Post
    some interesting reading out there about how if it hits certain numbers on the way down into the 30s that it will force Saylor into margin calls. When/if that happens, watch out below.

    i thought he was selling recently. like someone checked his wallet and was like 'oh...', they never mentioned it publicly of course.

    grain of salt but im 80% sure.

    There were some shorts saying this but it was bullshit.

    The CFO said if it were to get to 21K they would need to raise some collateral. Almost sounds like they would issue shares before selling coin.

     
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      Tellafriend:

  3. #7743
    Platinum BetCheckBet's Avatar
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    My nft guy has a stable six figure job outside of this so he is truggling to find time. He’s considered hiring an assistant for 20 hours a week but he needs to make sure they are trustworthy. Also he thinks it’s a bad time cause he is predicting Bitcoin drop to 23k with 29k optimistic.

    He also still shilling $near despite it being a pretty big bust.

  4. #7744
    Diamond Pro Zap_the_Fractions_Giraffe's Avatar
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    bro how do you have an NFT guy what kinds of pieces of shit do y'all run around with jesus christ

  5. #7745
    Platinum BetCheckBet's Avatar
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    Quote Originally Posted by Zap_the_Fractions_Giraffe View Post
    bro how do you have an NFT guy what kinds of pieces of shit do y'all run around with jesus christ
    Bro heís made a fortune with Microsoft paint nfts.

  6. #7746
    Plutonium sonatine's Avatar
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    Quote Originally Posted by BetCheckBet View Post
    Quote Originally Posted by Zap_the_Fractions_Giraffe View Post
    bro how do you have an NFT guy what kinds of pieces of shit do y'all run around with jesus christ
    Bro heís made a fortune with Microsoft paint nfts.

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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

  7. #7747
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    Christ down to 34k we are entering territory that hasn't been seen in quite some time. I'm totally out of all markets except real estate.

    I might never sell my properties at this rate. The inflation/interest rate gap has reached epic proportions which will just keep prices going higher. Dumb people simply don't understand this, thank God for the smart ones keeping this train chugging along.

     
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      Sanlmar: Fortune Favors the Brave, bruh. Wait, that was @ $62k

  8. #7748
    Plutonium Sanlmar's Avatar
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    Fortune favored those who wanted an exit

     
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      Forum Wars: So Good...(Will Hunting)

  9. #7749
    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

  10. #7750
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    30K WATCH HIDE YO FAMILIES HIDE YO KIDS THEY RAPIN ERRYBODY OUT HERE
    Last edited by NaturalBornHustler; 05-09-2022 at 01:03 PM.

  11. #7751
    Plutonium Sanlmar's Avatar
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    Matt Damon has been taken into protective custody.

  12. #7752

  13. #7753
    Diamond TheXFactor's Avatar
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    The people who sold Bitcoin last year when it hit $65K are laughing at us.



  14. #7754
    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. #7755
    Plutonium Sanlmar's Avatar
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    Part of the Bitcoin problem was the stable coin blow up. Pegs have never ever worked thru history.

    You had Luna/USD

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    I give precious few fucks except for my interest in the forth coming Fed stable coin —> the Central Bank Digital Currency.

    I have a suspicion the Fed might simply co-opt an existing stable coin. It’s a minor point.

    I’m not a Lyn Alden follower. I find her hard to listen to. I’ll leave her to Plop and Micon. She nails Luna and Bitcoin crash here though.

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    I’m not diving in too far. I have a surface grasp. You wanna wade in here or on [redacted] that might motivate me to learn myself up. I’m more interested in the Yen and that failed PEG to the 10 year and yield control

    Tellafriend can talk about the failed Breton Woods dollar peg to gold.

    You ever been pegged?

    Even Biden is in on this shitshow. He’s gonna get pegged. We all are

  16. #7756
    Plutonium Sanlmar's Avatar
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    Iím gonna fall asleep to this guy. Looks like a good bedtime story.

    I donít know this guy but anyone will do.


  17. #7757
    Hi Todd JACKDANIELS's Avatar
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    the stablecoin ust is now trading at 45 cents and luna 87% in the last 24 hours this is wild
    Quote Originally Posted by Dan Druff View Post
    BTW JACKDANIELS is the first one banned from the thread. He is accusing me of being "duped by a middle aged man who dresses like John Cena"

  18. #7758
    Plutonium sonatine's Avatar
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    it appears someone borrowed 100k BTC against do kwan's long, essentially creating a $4.2bn short position, then took a 1bn OTC position on UST.

    then they basically just created a bank run. the attack started with a single 330m UST transaction which blew out liquidity and they just ramped up the pressure to create a feedback loop of panic/liquidations until they finally closed their BTC short leg for between 800 - 980 million USD profit.


    "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

  19. #7759
    Plutonium sonatine's Avatar
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    how it started:





    how its going:


     
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      JACKDANIELS: more like gok wan
    "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. #7760
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    Buy the dip?

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