Bitcoins are officially donkdown

[sonatine]

[big dick]

fuck that gay frog and his tea

[sonatine]

[sonatine]

 

[big dick]

[Forum Wars]

I once posted on a messages board that I thought bitcoins were basically a ponzi scheme.

I won't tell you my net worth at the time or the exact year, but it was in the last 7 years. If I had instead taken everything I own and turned it into BTC, I would be worth around $2 billion dollars right now and nearly $4 billion about a month ago.

It's a heartwarming thought.

But I was still correct to not buy based on what bitcoin is (nothing mostly, it doesn't have any intrinsic value).

I guess there is actually some utility with bitcoin's ability to send funds to Poker sites or get $$$ out of currency controlling regimes. I guess it is worth more than a piece of lint...but really, probably not that much more.

[sonatine]

I once posted on a messages board that I thought bitcoins were basically a ponzi scheme.

I won't tell you my net worth at the time or the exact year, but it was in the last 7 years. If I had instead taken everything I own and turned it into BTC, I would be worth around $2 billion dollars right now and nearly $4 billion about a month ago.

this is such a confusing perspective and i hear it so often.

thats literally like saying 'if i had only entered and won the wsop main event 10 years in a row, id be worth millions right now', it fails to take into consideration the thousands of hands you would have to play correctly for that to be true.

every single day for 7 years you would have to look at the btc market and set aside every conceivable measure of logic and business acumen and simple common sense to not cash out of a grotesque and obvious fraud before it robbed you blind.

you would also have to have put that money into one of the handful of exchanges that didnt go down in the worlds most expensive flames, fading the astounding 10% of all crypto coins that have been stolen to date.

and you would have to be smarter than the Gordon McGeckos in this thread who are insisting on staying long because they were born after beanie babies.

im in perfect alignment with your current views on btc but the whole 'if only' angle is so weirdly myopic and yet totally pervasive; its something very human but very illogical.

[Forum Wars]

I once posted on a messages board that I thought bitcoins were basically a ponzi scheme.

I won't tell you my net worth at the time or the exact year, but it was in the last 7 years. If I had instead taken everything I own and turned it into BTC, I would be worth around $2 billion dollars right now and nearly $4 billion about a month ago.

this is such a confusing perspective and i hear it so often.

thats literally like saying 'if i had only entered and won the wsop main event 10 years in a row, id be worth millions right now', it fails to take into consideration the thousands of hands you would have to play correctly for that to be true.

every single day for 7 years you would have to look at the btc market and set aside every conceivable measure of logic and business acumen and simple common sense to not cash out of a grotesque and obvious fraud before it robbed you blind.

you would also have to have put that money into one of the handful of exchanges that didnt go down in the worlds most expensive flames, fading the astounding 10% of all crypto coins that have been stolen to date.

and you would have to be smarter than the Gordon McGeckos in this thread who are insisting on staying long because they were born after beanie babies.

im in perfect alignment with your current views on btc but the whole 'if only' angle is so weirdly myopic and yet totally pervasive; its something very human but very illogical.

I told the story to a friend last month and laughed saying I would be standing in front of him worth $4,000,000,000.00 today, had simply not typed those words on the keyboard that day and instead just liquidated everything I owned and bought all the bitcoins I could. He immediately said what you did --- BUT YOU NEVER WOULD HAVE PUT YOUR NET WORTH INTO BITCOIN --- and of course he's right. And what you say is of course true also: How could I have watched each and every day as BTC went up and up and up...and not take some out? It's insane. It would have never happened. But it's fun to think about. And I didn't have to have too high a net worth in the last 7 years for this to be true.

These are 2017/2018's beanies for sure. Catalyst for the real crash? I dunno.

[Forum Wars]

George Soros: Cryptocurrency's a misnomer, not a currency, but a "typical bubble, which is always based on a misunderstanding"...LOL

https://www.express.co.uk/finance/ci...s-Davos-latest

[badguy23]

[badguy23]

this is such a confusing perspective and i hear it so often.

thats literally like saying 'if i had only entered and won the wsop main event 10 years in a row, id be worth millions right now', it fails to take into consideration the thousands of hands you would have to play correctly for that to be true.

every single day for 7 years you would have to look at the btc market and set aside every conceivable measure of logic and business acumen and simple common sense to not cash out of a grotesque and obvious fraud before it robbed you blind.

you would also have to have put that money into one of the handful of exchanges that didnt go down in the worlds most expensive flames, fading the astounding 10% of all crypto coins that have been stolen to date.

and you would have to be smarter than the Gordon McGeckos in this thread who are insisting on staying long because they were born after beanie babies.

im in perfect alignment with your current views on btc but the whole 'if only' angle is so weirdly myopic and yet totally pervasive; its something very human but very illogical.

I told the story to a friend last month and laughed saying I would be standing in front of him worth $4,000,000,000.00 today, had simply not typed those words on the keyboard that day and instead just liquidated everything I owned and bought all the bitcoins I could. He immediately said what you did --- BUT YOU NEVER WOULD HAVE PUT YOUR NET WORTH INTO BITCOIN --- and of course he's right. And what you say is of course true also: How could I have watched each and every day as BTC went up and up and up...and not take some out? It's insane. It would have never happened. But it's fun to think about. And I didn't have to have too high a net worth in the last 7 years for this to be true.

These are 2017/2018's beanies for sure. Catalyst for the real crash? I dunno.

Hey brother take everything you own bet it on the Eagles +4.5 tell that friend to fck off then go fck his mom after the Eagles win the SB. If thats not worth $4 Billy nothing is and it will also help you forget about how you fucked up.

[sonatine]

you know shit is real when eth catches some wind because people are using it to transfer their btc to the cash-out exchange of their choice.

brace for impact.

[Dan Druff]

Soooooooooo.... we gonna see another pop to 11500 or so, or is this the big return-to-4-figures that everyone has been fearing?

Tempting to buy some and take a flier, but I just kinda have a feeling that this one might be the big beatdown.

[big dick]

Soooooooooo.... we gonna see another pop to 11500 or so, or is this the big return-to-4-figures that everyone has been fearing?

Tempting to buy some and take a flier, but I just kinda have a feeling that this one might be the big beatdown.

So you have gone from wishing it hits zero to thinking of buying some?

[sonatine]

someone wants to catch a falling knife.

[sonatine]

Bank just pulled Cryptopia's account, users have until Feb 9 to fuck off.

[Dan Druff]

Soooooooooo.... we gonna see another pop to 11500 or so, or is this the big return-to-4-figures that everyone has been fearing?

Tempting to buy some and take a flier, but I just kinda have a feeling that this one might be the big beatdown.

So you have gone from wishing it hits zero to thinking of buying some?

I'm not wishing anything. You are confusing me for someone else.

Am I a believer in BTC as a long term or medium term investment? No.

I've been trying to advise people -- here, Twitter, and on radio -- to sell their millions and take the profits. I've been doing that for months. I wouldn't be doing this if I were bitter or wanting to see people fail.

I have seen it popping back many times when passing a round number, and 10k was a natural point for it to pop back (and it has several times).

However, I wasn't liking the signs prior to this last crash, so I decided that I wasn't going to try this, as there would be fair chance it wouldn't come back, and the upside was only like 12% at best.

[sonatine]

So you have gone from wishing it hits zero to thinking of buying some?

I'm not wishing anything. You are confusing me for someone else.

Am I a believer in BTC as a long term or medium term investment? No.

I've been trying to advise people -- here, Twitter, and on radio -- to sell their millions and take the profits. I've been doing that for months. I wouldn't be doing this if I were bitter or wanting to see people fail.

I have seen it popping back many times when passing a round number, and 10k was a natural point for it to pop back (and it has several times).

However, I wasn't liking the signs prior to this last crash, so I decided that I wasn't going to try this, as there would be fair chance it wouldn't come back, and the upside was only like 12% at best.

facebook didnt walk-away ko cryptocoins en masse immediately before those other occasions, is something perhaps worth noting.

[snake_in_the_ass]

I once posted on a messages board that I thought bitcoins were basically a ponzi scheme.

I won't tell you my net worth at the time or the exact year, but it was in the last 7 years. If I had instead taken everything I own and turned it into BTC, I would be worth around $2 billion dollars right now and nearly $4 billion about a month ago.

this is such a confusing perspective and i hear it so often.

thats literally like saying 'if i had only entered and won the wsop main event 10 years in a row, id be worth millions right now', it fails to take into consideration the thousands of hands you would have to play correctly for that to be true.

every single day for 7 years you would have to look at the btc market and set aside every conceivable measure of logic and business acumen and simple common sense to not cash out of a grotesque and obvious fraud before it robbed you blind.

you would also have to have put that money into one of the handful of exchanges that didnt go down in the worlds most expensive flames, fading the astounding 10% of all crypto coins that have been stolen to date.

and you would have to be smarter than the Gordon McGeckos in this thread who are insisting on staying long because they were born after beanie babies.

im in perfect alignment with your current views on btc but the whole 'if only' angle is so weirdly myopic and yet totally pervasive; its something very human but very illogical.

I agree with Sonatine on this. Only way someone would hold from 6 cents to $20,000 is if it were on a paper wallet and they were in a coma for 7 years.

[sonatine]

I agree with Sonatine on this. Only way someone would hold from 6 cents to $20,000 is if it were on a paper wallet and they were in a coma for 7 years.