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Sickening
Jul 16, 2007

Black summer was the best summer.
I am sure like a lot of other work places this dumb bitcoin stuff is all people talk about. Everyone has made all this money but nobody seems to have cashed out. I keep asking "Isn't that the point of risking the money, to cash out?" but everyone thinks they are smarter than system.

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Sickening
Jul 16, 2007

Black summer was the best summer.
All these people are thinking they are getting rich off bitcoin and the people who run these bitcoin exchanges are just like...

Sickening
Jul 16, 2007

Black summer was the best summer.

Rascallion posted:

1. Cleared Bitcoin futures contracts are coming soon.

2. Futures contracts are used to take large short positions.

3. Bitcoin is an illiquid special purpose vehicle with no default value.

Wait, this can't be a giant bad idea? Right?

Sickening
Jul 16, 2007

Black summer was the best summer.

d0grent posted:

so bitcoin just jumped from 17k to almost 20k in the span of 20 minutes and now GDAX and coinbase are down.

Amazing.

Sickening
Jul 16, 2007

Black summer was the best summer.

dhrusis posted:

I long bitcoin for this reason. we will see a correction and then the believers can get richer

meanwhile unconfirmed tx counts are at 200k at time of this writing

https://blockchain.info/unconfirmed-transactions

Help me out, is this people trying to sell sell sell?

Sickening
Jul 16, 2007

Black summer was the best summer.

Dmitri-9 posted:

While the price is being nakedly manipulated? I'm betting the price goes down while an exchange is printing $60 million dollars. Sounds like a smart bet.

I bet you won't short it. loving coward.

Actually don't , don't put your money into this nonsense

Sickening
Jul 16, 2007

Black summer was the best summer.

Andy Dufresne posted:

You would be literally insane to invest 5-10% of your net worth into bitcoin, wealthy or not. You would be still be insane to invest that much of your net worth into a single stock of an actual publicly traded company on a regulated market, but much less insane. Please don't take financial advice from cryptocurrency threads.

Like, as much as this thread is trolling I'm actually serious about this point. If you're loving around with money that you'd take to a casino it's whatever, but I can't help but feel sorry for anyone who actually "invests" in this poo poo.

I did this thing and made money before, therefore everything you just said is invalid.

The lottery eventually gets a winner, therefore its not a waste of money.

Therefore

Sickening
Jul 16, 2007

Black summer was the best summer.
I think he is just masterfully trolling all of you with non-answers and its fantastic.

(Rip if he just believes he is smart though, IDK)

Sickening
Jul 16, 2007

Black summer was the best summer.

divabot posted:

https://twitter.com/adrjeffries/status/938824429299257351

well that's one way to make number keep go up

This is a good investment opportunity.

Sickening
Jul 16, 2007

Black summer was the best summer.

LinYutang posted:

who wouldn't love to see concrete actions from Confident Wise People who have been prophesizing bitcoin's imminent failure for years

But when will bitcoin succeed?

Sickening
Jul 16, 2007

Black summer was the best summer.
So lets say coinbase suddenly changes their fees without notice. Lets say they also charge the fees but then don't handle the transaction that you paid the fee for. What is the recourse besides frantically posting on reddit? At what point does coinbase just make a lot of money and give nothing back?

Sickening
Jul 16, 2007

Black summer was the best summer.

wide stance posted:

When cherry picking r/bitcoin it must have hurt to see the new cars, people getting out of debt, buying houses, quitting their job to travel year-round, etc.

I suppose those are less authentic than the obvious low-effort FUD shills and crazies.

Wait, this person wasn't trying to be ironic?

Sickening
Jul 16, 2007

Black summer was the best summer.

Mr Teatime posted:

I made 200 pounds dicking around with this nonsense in the last few days, I am now more successful than the overwhelming majority of bitcoin traders ask me anything.

Do you have your money in the bank yet?

Sickening
Jul 16, 2007

Black summer was the best summer.

wide stance posted:

The small cap alts are where the pump and dumps take place, avoid those like the plague.

Also with the Lightning Network gearing up they will be much less useful.

Lightning network is going to fix everything.

Sickening
Jul 16, 2007

Black summer was the best summer.
My friend of a friend knows a guy who legit gets money out no problem.

Sickening
Jul 16, 2007

Black summer was the best summer.

Triglav posted:

Price is like $12,000 above its 200-day simple moving average, so our hypothetical and hyperrational long-term investor should only care if BTC drops like 70%. We good.

The jokes write themselves here.

Sickening
Jul 16, 2007

Black summer was the best summer.

Comfy Fleece Sweater posted:

Lol you have nothing but internet pogs, relax

Don't put thousands into internet pogs either, especially if that amount stresses you out. :fuckthis:

Sickening
Jul 16, 2007

Black summer was the best summer.

Ham Sandwiches posted:

A ponzi scheme... in the well regulated financial industry? :monocle: Well I never!

https://www.bloomberg.com/news/articles/2017-12-21/sec-wins-asset-freeze-in-suit-alleging-1-2-billion-ponzi-scheme


1.2 billion, that's some spicy mulligatawny!

http://www.businessinsider.com/sec-exposes-alleged-12-billion-ponzi-scheme-aimed-at-elderly-2017-12


It's cool he was only swindling old people out of their retirement lmao

You never fail to be a gigantic loving idiot.

Sickening
Jul 16, 2007

Black summer was the best summer.
Bitcoin is a store of value. Comedic value.

Sickening
Jul 16, 2007

Black summer was the best summer.

chird posted:

Oh I thought them closing new account registrations today might have been them just switching off the lights before heading to Barbados.

Are you saying that turning off new account registrations might be a bad sign?

Sickening
Jul 16, 2007

Black summer was the best summer.
https://www.reddit.com/r/CoinBase/comments/7lhksi/fuck_you_coinbase/drmcvua/

Sickening
Jul 16, 2007

Black summer was the best summer.
Where is the sandwich now?

Sickening
Jul 16, 2007

Black summer was the best summer.

EAT FASTER!!!!!! posted:

To be perfectly honest you could just set up a macro and it would never not be true.

It feels good in this thread, though, especially with


so fresh in my mind.

Did you know that some people who invested with enron made money?

Sickening
Jul 16, 2007

Black summer was the best summer.

Stefan Prodan posted:

Yeah anyone claiming you can't take money out at all is an idiot

Aren't there times when you can't take money out for whatever reasons the website you are dealing with comes up with?

Sickening
Jul 16, 2007

Black summer was the best summer.

Sentient Data posted:

If you have more than $100 in that account, then you owe it to yourself to find out about it. Get the full account info, call the bank directly, get a full statement history (Yes, even if they want to charge you like $60 for research), and use the account information to do a test transfer or of like $50

gently caress you. Stop being a paranoid fuckwit. We can trust coinbase at their word. They are good people.

Sickening
Jul 16, 2007

Black summer was the best summer.

Burt Sexual posted:

I’d think having an entity run a custodial bank account in your specific name entitled you to get at a minimum regular statements of the account on bank letterhead or website. And not through the custodian alone.

So does the FDIC limit of 250k for insurance apply to the account coinbase has or does it have an account for each funder?

Sickening
Jul 16, 2007

Black summer was the best summer.

Mr Teatime posted:

If you go on the coinbase reddit the entire thing is people talking about missing wire transfers and no response from coinbase. This is both cool and normal and coinbase is not dumb as heck.

Whoever says you can't get your money out is a loving liar.

Sickening
Jul 16, 2007

Black summer was the best summer.

Mr Teatime posted:

I personally have a random SEPA payment thats been held as pending for about a month now but okay. :allears:

So I retract my slander. You totally can send money in and out of coinbase except when they gently caress it up and ghost you.

:thejoke:

Sickening
Jul 16, 2007

Black summer was the best summer.

divabot posted:

just posted this one today to this effect tl;dr no money can come out that didn't go in

Less comes out than what goes in because all these predatory exchanges want them Feeeeeeeeeeeeees.

Sickening
Jul 16, 2007

Black summer was the best summer.

https://twitter.com/AdamR0berts/status/949822586669752320

This entire twitter conversation is solid gold.

Sickening
Jul 16, 2007

Black summer was the best summer.

"I still have not received my $27000 wire reversal from GDAX and it's been almost 40 days."


https://www.reddit.com/r/CryptoCurrency/comments/7p0rmh/i_still_have_not_received_my_27000_wire_reversal/

Sickening
Jul 16, 2007

Black summer was the best summer.
Why is the coinbase subreddit just people posting about huge sums of money they can't get out of the system?

Sickening
Jul 16, 2007

Black summer was the best summer.
"How x's currency doing?"

"I think its holding up well."

Checks chart....

"Shows the price plummeting like a meteor"

Sickening
Jul 16, 2007

Black summer was the best summer.



I think the mods got a little scared.

Waltzing Along posted:

That twitch stream is interesting. Guy seems unfazed.

He is a complete idiot.

Sickening
Jul 16, 2007

Black summer was the best summer.

temple posted:

fyi now is when you really buy in

Virtual hot potato.

Sickening
Jul 16, 2007

Black summer was the best summer.
"legit alt coins"

:smugdon:

Sickening
Jul 16, 2007

Black summer was the best summer.
So they are making imaginary funbucks for imaginary funbucks?

Sickening
Jul 16, 2007

Black summer was the best summer.

Communist Q posted:

Actually in their legal disclaimer, they tell you that you can't redeem them for anything. Yeah, that's actually a thing.



Its confusing to see "100% backed" but then the disclaimer saying nothing is worth anything. Are you trying to tell me I might be getting scammed here?

Sickening
Jul 16, 2007

Black summer was the best summer.

french lies posted:

They're basically saying that Tether is a liability for them and for each dollar of Tether they have in liabilities they have an equivalent amount in cash on the asset side.

Just look at this. Totally legit, I buy it 100%.


Wait, you aren't being sarcastic?

:laffo::laffo::laffo::laffo::laffo::laffo::laffo::laffo::laffo::laffo::laffo:

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Sickening
Jul 16, 2007

Black summer was the best summer.

french lies posted:

"very few people will deny this"
"very few people will deny this"
"very few people will deny this"
"very few people will deny this"
"very few people will deny this"
"very few people will deny this"
"very few people will deny this"
"very few people will deny this"
"very few people will deny this"
"very few people will deny this"
"very few people will deny this"
"very few people will deny this"
"very few people will deny this"


:smugdon:

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