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gary oldmans diary
Sep 26, 2005



do you even need to use an exchange to send a bitcoin from one wallet to another. cant you just do it yourself for free

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gary oldmans diary
Sep 26, 2005



if you want me to fall for a fake answer like that you have to make is sound like it makes at least a little sense

gary oldmans diary
Sep 26, 2005



Waffle House posted:

What am I supposed to be seeing here

gary oldmans diary
Sep 26, 2005



each bitcoin is worth $3000*

*worth of drugs or illegal pornography but not money

gary oldmans diary
Sep 26, 2005



Ham Sandwiches posted:

It's a good idea to spend your short and finite time in a store selling comic books instead of say, having your GPU make you free money out of thin air l m a o.

Just imagine how much more time you'd have to do stuff if you had mined a few bitcoins and could exchange them for $3000 each right now.
\
dude who is going to have a hard time when he stops hoarding bitcoins and tries to actually sell them

Ham Sandwiches posted:

exploded mummy posted:

Ham Sandwiches posted:

I believe your information may be secondhand and out of date. If it's not I'm real interested to read more details about this


Chinese currency controls kicked in around January 23rd, 2017
Ah so the resumption of normal trading while bitcoin has been appreciating for the past 6 months once the 4 month period of anomalous trading came to an end, as they tend to do.

But it's important to frame it as a catastrophic drop in trading volume with no other context or explanation. Hmm. Do you think that, maybe, that is misleading?
look at this nimrod question what he doesnt know anything about or understand, get schooled with an explanation of the external market forces that boosted bitcoin which have now ceased, then go right back to spouting oblivious nonsense with no regard for why he is spouting nonsense or the significance of not even being slightly aware of the most significant market force to affect bitcoin trading volume in its entire lifespan
that and the bitcoin victimization complex where you were framing the issue as a catastrophic drop without explanation (!) when the explanation is right there

you could inform him of literally anything it will bounce off his forehead before he gets back to telling you "but the price the exchanges say bitcoin is worth is so high!"

gary oldmans diary
Sep 26, 2005



bitcoins are at $3000! you can cash out now and get $3000 per bitcoin you have! really!

Ham Sandwiches posted:

Are you only capable of asking how much money I made on bitcoins? Are you simply not going to respond to my posts about your idiotic double standard? That seems not cool. Like straight up it's ok for you to repeat stuff until I answer but you get to refuse? Hmm, another double standard?
no one here is saying bitcoins are free money and its pretty much a given nobody here is "investing" in them unless otherwise stated. so do you even know what a double standard is? and can you answer the simplest loving question ever?

Jeffrey of YOSPOS posted:

Sorry I didn't buy any bitcoins because I listened to the dozens of idiot naysaying goons who are still covering their ears and humming the same tune as they were in 2012. I'm mad!!!

I mean someone literally said something like "this is the funniest thing since bitfinex stopped allowing withdrawals". I don't know what that means but I guarantee that guy needs more humor in his life!!!
dont worry. you would have spent hundreds of hours on it and gotten scammed by any number of the "currently most reputable exchange" that have popped up, and settled for itunes gift cards valued at a quarter of the supposed price of bitcoin that you would only sell on samart. net profit: $4 per hour spent (optimistic and unrealistic)

but if its the same tune now as before then it follows that if you were wrong about not buying then you are wrong about not buying now. so touch the poop. up and up and up!

gary oldmans diary
Sep 26, 2005



Ham Sandwiches posted:

That they harped on its stupid name which was really stupid and somehow missed the larger "ah but Bitcoins aren't a scam doomed to failure simply because this exchange has a dumb name"

Too busy making jokes dude. Magic cards. MAGIC. How can it ever be a real thing when they trade MAGIC CARDS. loving magic cards. You play magic cards? Mining those coins and selling them on the magic exchange?

It's loving amazing how stupid goons are. Yeah, the name is dumb. Holy loving poo poo. Time to bring this up infinity times in every thread. Dumb loving name with wrong ram.
your head is too far up your own rear end to realize you are the one rehashing these jokes more frequently than everyone else combined

Waffle House posted:

Ok, I should just advise you that those kinds of market forces DO EXIST in currencies outside of bitcoins, so if you see something LIKE that, you should just remember these words I posted here.
your words, sensei. i will remember them always for such wisdom is to be found in them. the words you posted. *bows and ties belt around bitcoin gi*

gary oldmans diary
Sep 26, 2005



Jeffrey of YOSPOS posted:

lol like it takes speculating in a currency to observe 5 years of "hilarious", oblivious non-jokes about line graphs by people who were completely wrong
if we were completely wrong bitcoin would actually be something you could use as an investment for retirement (get all your money out)
newegg and steam accepting bitcoin thus giving you an avenue to at least get something back (ideal for an amount of money you put into bitcoin as a lark) doesnt actually change anything unless steam games and the computers to play them on are life (they are)

LinYutang posted:

Mocking something for five years straight is super cool and definitely a signal of greater mental clarity than bitcoiners
making fun of something stupid? sounds like everyone on planet earth has a lot of growing up to do. i just didnt realize it until we made fun of a dumb thing you like

shame on an IGA posted:

E: the original bitcoin mock thread was started by an earnest booster too, all these years ago. This thread is a thread of destiny.
exactly. even with all the enthusiasm in the world the flaws are just all to apparent to everyone who isnt caught up in their hindsight "but what if i had made this series of completely improbable decisions to be the guy who got in at all the right times and found a buyer with actual cash at all the right times and places" fantasies

gary oldmans diary
Sep 26, 2005



QuarkJets posted:

You, like Ham Sandwiches, are missing the point. There's no way to know whether bitcoin will be up or down tomorrow or a week from now. The point is that the actual bitcoin system is wrought with fraud and hilariously inept security vulnerabilities, resulting in things like the huge bitfinex hack that happened last year, or popular ethereum wallet FreeWallet silently stealing $8M in user funds just a few days ago

Is the bitcoin price going to crash? I don't really know or care. If I did know I still wouldn't short it because that would require going to a place like Bitfinex, which doesn't allow cash withdrawals and could literally close their doors at any time
the ultimate point is that cashing out is a zero-sum game while bitcoin masquerades (from day 1) as a non-zero-sum "free money!" game all to the favor of earlier adopters
but at least even an early adopter still runs into the cashing out problem that only grows more difficult as the disparity between bitcoins self-evaluated market cap and the actual money prospective to be introduced to the exchange grows wider and wider

gary oldmans diary
Sep 26, 2005



gary oldmans diary
Sep 26, 2005



Inept posted:

yes simply go to magic the gathering online exchange to purch-whoops our user database was leaked. It's fine though your money is saf-whoops the money's all gone. have a nice day!
to compensate you for your lost bitcoins we are issuing the equivalent value in whoopsiecoins which we just made up and can be traded freely on this very site
oh look at that. whoopsiecoin just depreciated to 1/50th the value it was when we made it up. oh well. now we will buy them all back with bitcoin. oh what sad luck that the market forces we controlled didnt benefit you in your whoopsiecoin trading. better luck next time. we consider you fairly compensated for the loss of your original bitcoins which were stolen under our care

gary oldmans diary
Sep 26, 2005



"books?" i dont know what that is but you must mean bookcoin and how many hundreds of dollars can i buy them for. i wanna get in on the ground floor

gary oldmans diary
Sep 26, 2005



Comfy Fleece Sweater posted:

Live fast die young : The bitcoin story
gpus in a blaze of glory

gary oldmans diary
Sep 26, 2005



just saw a big sign that said bitcoin atm at a pawn shop. im curious to stop buy and see what rate it gives

gary oldmans diary
Sep 26, 2005



Jeffrey of YOSPOS posted:

this is the refrain of goons who made 100% wrong predictions over and over for years fleetingly trying to hold on to the thought that maybe they didn't miss out because of their "lmfao the money is computer" groupthink
really salty about how you totally would have been a bitcoin billionaire if not for those blasted goons

gary oldmans diary
Sep 26, 2005



let me counter with: in hindsight i can clearly see all the right moves i could have made and the rare opportunities ive read about where people managed to cash out with literal cash and i definitely would have made all those moves if not for goons

i stay awake every night (for years now) thinking about the time a stock i was aware of quadrupled in value because right before that happened i should have bought and right after it happened i should have sold

gary oldmans diary
Sep 26, 2005



lol if you use any currency other than bitcoin

gary oldmans diary
Sep 26, 2005



ebooks are free just like basement electricity

gary oldmans diary
Sep 26, 2005



Powershift posted:

It was actually a $0 bitcoin scam because the dude couldn't cash out.
lol

quote:

the government withdrew, at least for the moment, a formal charge related to the bitcoin
just imagine that criminal pleading with police to acknowledge his pretend money is really worth $40M while they roll their eyes and just charge him with the laptop theft

gary oldmans diary
Sep 26, 2005



i would print out code 39 barcodes for my bitcoin wallet and then stenographically hide the barcode into a painting which i then bury at sea

gary oldmans diary
Sep 26, 2005



im gonna buy all the bcc coins and then i can set the price to anything i want!

gary oldmans diary
Sep 26, 2005



Tenzarin posted:

The bitcoin fairy! I love it!
agreed. that guy rules

gary oldmans diary
Sep 26, 2005



ham sandwiches is back at it. "oh the price according to the bitcoin exchanges has gone up! i could have been a millionaire if i hadnt listened to goons!
oh someone replied to me. goons said it was a scam and youre a goon. you told me this was a scam! no i dont feel a need to know exactly who im talking to"

Ham Sandwiches posted:

My gains are disagreeing with everyone that said it was a scam or risky
bitcoin is risky as gently caress you idiot. i guess there go your "gains". sorry about your bitchboy portfolio. maybe diversify with some goodposts next time

gary oldmans diary
Sep 26, 2005



Ham Sandwiches posted:

Yep and Bitcoins will forever be a scam as a result, with people helpfully reminding you of that fact as they cross $3000 and stay there

Dude you get that my point is, this is poo poo that happened in the past, clearly didn't matter, and yet many forums posters still laugh about it while it's clearly irrelevant?
losing all your money is clearly irrelevant especially when its in the past not in the future
bitcoin price times 200% times 0 equals... big bucks

gary oldmans diary
Sep 26, 2005



Ham Sandwiches posted:

This is 10000% incompatible with your past advice warning people to stay the gently caress away at all costs because it's a scam with no inherent value only used for money laundering!!!!!

Has your position been refined or was it that perhaps somehow people were missing this nuance previously?
10000%!!!!!

scam... check. pyramid scheme
no inherent value... big old check there
only used for money laundering... basically yep

gary oldmans diary
Sep 26, 2005



Nice chart, that ends in May and now it's October.

What do you think happened since then??? Hmm??

*preemptively owns you assuming ill be proven right later because i dont know what im talking about* -ham sandwiches

gary oldmans diary
Sep 26, 2005



Ham Sandwiches posted:

This guy being wrong and being unable to make useful predictions

can't qualify risk or figure out which factors are casual and which are irrelevant

empirically yep
every post you make has you getting vaguer and vaguer as anyone who bothers to reply to you turns your sore rear end out because youre defending bitcoin as a longterm investment which is as stupid as it gets
you cried about goons warning against investing in bitcoin in the past and comrades pointed out that since then 70% of volume got stolen in only a single incident. that means you might as well multiply your imaginary profits by 0 right off that bat you dope

Uranium 235 posted:

Not saying that chart is wrong, but it doesn't match this chart:



from https://coinmarketcap.com/currencies/bitcoin/
read the y-axis labels

gary oldmans diary
Sep 26, 2005



Ham Sandwiches posted:

"I'm not wrong" repeats guy that claims BTC are a lovely scam as they keep appreciating and gaining in acceptance

"I'm not wrong!!! So many people agreed with me!! Made fun of fedora redditors and MT Gox!"

Anyway dude I'm sorry that you're so wrong and unable to predict valid investments seeing risks and ghosts and goblins where none exist. It must be a frightful experience.
yeah 70+% chance of losing all your money in the time frame youre bitching about goon warnings of. i have a hard time even pretending youre stupid enough to not think that qualifies as a risk. no one could actually be as stupid as you seem to be

gary oldmans diary
Sep 26, 2005



Ham Sandwiches posted:

this is the first opportunity to point out how loving wrong they were, and here we are
lol you do this in every single bitcoin thread and you always think maybe this time will be different and you wont get slapped up but it already happened and you didnt even last an hour

gary oldmans diary
Sep 26, 2005



Ham Sandwiches posted:

??? I guess the same person that sees Bitcoin as a failing asset and helpfully spreads their useless predictions is also declaring me owned because ... ?? I don't know, he's just sure I am just like bitcoins are a scam

*ignores last thread we had this discussion they were $2500 now it's $4k*

No no keep telling me how I'm getting owned and you're not wrong
if they were a bad investment at the figure of $2500 what makes you think theyre a good investment at $4000? that number by itself is meaningless but your whole argument is "durr the number go higher"

didnt you just say this was the first opportunity to complain about goons regarding bitcoin? but now youre citing previous threads? its almost like youre a perennial bitcoin bitchboy

gary oldmans diary
Sep 26, 2005



Ham Sandwiches posted:

It's just that it was a bad investment, so if it fails you'll have been right, and if it works out then it'll be the exception that proved the rule but you were still right to tell people it was risky or whatever

Can't lose with that stance I guess!! Or perhaps it's circular and you're an idiot in this just like you are in your ability to assess investments????
it already failed as an investment when the primary exchange of the "investment" stole everyones money the first time
so i guess youre an idiot of the truest variety because even regular idiots can be right in hindsight but that ability escapes you. your stupidity is really off the charts

gary oldmans diary
Sep 26, 2005



Ham Sandwiches posted:

No, the argument is that the claims about it being a bad investment / risky / no inherent value / used for money laundering are false, irrelevant, misleading, and people use outdated charts and stuff from years ago to perpetuate some idea that is not really holding up over time
i wanted to reply to this part too but you just said something so precisely opposite of correct that it was hard to add an insight of my own into how dumb you are when you make it patently obvious

gary oldmans diary
Sep 26, 2005



Former DILF posted:

sell your bitcoins
*agrees with a buyer to make a cash exchange for the bitcoins*
*arrives at the agreed upon exchange location and the buyer changes his offer to a briefcase full of ham sandwiches*

gary oldmans diary
Sep 26, 2005



Ham Sandwiches posted:

"Can't be arsed going into the reasons they're a terrible investment, just yaknow, everyone knows that
yeah we can see the reasons he stated right there in his post. this isnt like a verbal conversation where that information might get lost
youre doing some really sad flailing ham sandwiches

gary oldmans diary
Sep 26, 2005



Ham Sandwiches posted:

What reasons did he list in his post? Did he edit it after I replied? I quoted the whole thing he wrote it was two sentences.
having problems reading whats in your own posts, ham sandwiches? not that none of us could relate to not wanting to read whats in your posts

Ham Sandwiches posted:

David Heinrich posted:

an imaginary number inflated by ridiculous amounts of margin trading on an exchange that can't be withdrawn from

gary oldmans diary
Sep 26, 2005



COMRADES posted:

If 90% of the trading volume on the NYSE was fake and an anomaly that'd be a Huge Problem. That's why there are regulatory bodies like the SEC.
but comrades its a

Ham Sandwiches posted:

whole new financial system

gary oldmans diary
Sep 26, 2005



COMRADES posted:

I have an example it is called the 2008 mortgage crisis.


the ltcm crash was technically way cooler though. ltcm changed the way the markets worked when it rose and then again when it crashed. the midas formula is a good watch

gary oldmans diary
Sep 26, 2005



Ham Sandwiches posted:

Because every other currency belongs to a country that has a political agenda and an existing economy that uses it. For situations where that's a problem, you now have Bitcoins.

Think of it this way:
Before: 180 fiat currencies
Now: 180 fiat currencies and 1 currency that is a bit different

There's now more options and if Bitcoin is useful then its price / adoption should spread


Hmm that sounds pretty real to me, maybe people should be able to speculate on it a bit if they want to
when people speculate on currencies they speculate if it is going to be strong or weak which is based on the economy of the country backing it
when people speculate on bitcoin they speculate if they are still going to be able to find someone to buy them at a profit or if they have reached the practical end of the pyramid

as a currency it is like the zimbabwe dollar that i also cannot buy a loaf of bread with

gary oldmans diary
Sep 26, 2005



id rather have bison dollars

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gary oldmans diary
Sep 26, 2005



it is possible to make money in a ponzi scheme therefor they are the currencies of the future

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