Bitcoins are officially donkdown

[snake_in_the_ass]

Was speaking to my buddy last night who turned 7k into 250k. Turns out he got into Bitcoin when it was at 3k. But most of his money came from pump and dumps and on the alternative coins. Some of his returns were over 100x. And yes one of the coins he made money on was doge...

But Sonatine said making money in crypto was impossible!

[Salty_Aus]

Was speaking to my buddy last night who turned 7k into 250k. Turns out he got into Bitcoin when it was at 3k. But most of his money came from pump and dumps and on the alternative coins. Some of his returns were over 100x. And yes one of the coins he made money on was doge...

But Sonatine said making money in crypto was impossible!

You do realize sonatine HAS actually made $ out of cryptos?

I personally know this as a fact.

[SetofKs]

But Sonatine said making money in crypto was impossible!

You do realize sonatine HAS actually made $ out of cryptos?

I personally know this as a fact.

always had a feeling there was a decent chance natine was a crypto jock who was just running an anti crypto gimmick to get heat

[sonatine]

HOW ABOUT NOT BLOWING UP SPOTS THO

[snake_in_the_ass]

But Sonatine said making money in crypto was impossible!

You do realize sonatine HAS actually made $ out of cryptos?

I personally know this as a fact.

Uh huh. Everyone won. Right.

[Salty_Aus]

You do realize sonatine HAS actually made $ out of cryptos?

I personally know this as a fact.

Uh huh. Everyone won. Right.

Still a fact.

It's like poker, for every winner there will be twenty losers.

5% will do great, the rest will hold the bag.

[Salty_Aus]

Gotta laugh at these Bitcoin multi millionaires.

A bright yellow Maserati with trashy personalized plates.

Like seriously a Maserati?... aren't they made by like VW these days?

[SetofKs]

Gotta laugh at these Bitcoin multi millionaires.

A bright yellow Maserati with trashy personalized plates.

Like seriously a Maserati?... aren't they made by like VW these days?

If yer a crypto jock who made it, you gotta get the lambo

[handicapme]

Gotta laugh at these Bitcoin multi millionaires.

A bright yellow Maserati with trashy personalized plates.

Like seriously a Maserati?... aren't they made by like VW these days?

If yer a crypto jock who made it, you gotta get the lambo

Or, like.. you know, maintain your health by diversifying out and saving money so when the bubble pops you aren't driving a scooter? It's like these fucks won the lotto and don't understand the concept of wealth. #yolo BTW Pink or GTFO, yellow is for OSA's grindr bottoms.

[snake_in_the_ass]

Uh huh. Everyone won. Right.

Still a fact.

It's like poker, for every winner there will be twenty losers.

5% will do great, the rest will hold the bag.

Yeah. Most people got crushed. I know dozens who got raped and about 5 of us who won meaningful money.

[Sanlmar]

Bitcoin's Satoshi Nakamoto Is Reportedly Worth Over $400 Million And Drives A Toyota Corolla

Leah McGrath Goodman & Newsweek.

What a great train wreck that was. That bitch should be doing time. (Get it? Newsweek / Time?)

C’mon

[sonatine]

Still a fact.

It's like poker, for every winner there will be twenty losers.

5% will do great, the rest will hold the bag.

Yeah. Most people got crushed. I know dozens who got raped and about 5 of us who won meaningful money.

lest we forget, this train is a long way from pulling into the station.

plenty of time for more lives to be ruined.

[BeerAndPoker]

It's all just a misunderstanding and Bitcoin is back over $7,500.

[big dick]

big dick: Regarding your bet proposed earlier (I didn't see it in time)...

I would like to revise terms, so we can prevent one of us from losing due to a temporary crash or pop.

First off, I want to change the 2k to 3k, because a fall to 2k is a lot tougher (it's cutting value by 2/3) than a rise to 10k (not even doubling value).

We are betting whether bitcoin will hit 3k or 10k first. However, for the bet to be considered valid, it needs to spend at least 36 straight hours either over 10k or under 3k.

Furthermore:

- You will post the money with me in advance, or a trusted third party if you don't want to do it with me

- The bet will end at 11:59:59pm PDT on May 31, if it hasn't reached 3k or 10k in the above stated fashion (36 hours straight)

- If May 31 ends with bitcoin either above 10k or below 3k (but not for 36 straight hours yet), the bet will extend another 7 days. After those 7 days, if again it is above 10k or under 3k, it will be another 7 days, and so on.

- Value will be determined by coindesk.com

Let me know if you accept, and then we will discuss the $ amount to bet.

Also, either of us can demand a change of terms (or abandon the bet completely) until the money is posted, due to the volatility of bitcoin.

I'll take this bet for as much as you'd like.

[sonatine]

things would have gotten reaaaaal fucking sporty if we hit 8k just now.

[snake_in_the_ass]

So did Druff lock in any bets?

[MumblesBadly]

Handibanker is upset because he loaded up on financial stocks last week and got crushed.

Oh, so we're taking peak to close?! Cute, but fake news... Also underperformance of sectors matter between a diverse pool of assets and a non diverse pool. But please continue to post more snapshots from the cabin of your truck. You totally got me.... but not really.

Nice try, but you implied in your initial dismissal of the plunge in the "30 names" that the rest of stocks in the market weren't also significantly hammered. That is patently false. And of course different sectors will be affectly to different degrees by unexpected changes in specific market fundamentals, in this case, it is primarily interest rates. The issue unaddressed by your "people need to chill the fuck out" is how much will the change in interest rate expectations will affect the economy.

That being said, I agree with San's comment that we are not currently in any danger of 2008 crisis. Not even close. But the Fed has clearly signalled that it believes the economy is overheating and is pressing on the interest rate brake to slow it down. Here's to hoping they don't overdo it. Freight rates are up again with demand for shipments, and most trucking companies are raising driver pay again in less than a year.

[sonatine]

hey guys an aging truck driver living off 40k a year has a bunch of opinions about finance.

[SetofKs]

So did Druff lock in any bets?

he knew better when he saw that reggi wanted that action

[snake_in_the_ass]

hey guys an aging truck driver living off 40k a year has a bunch of opinions about finance.

Says the guy who started this thread.