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Yeah it sounds really weird to me to think about someone who does amateur work on their house calling themselves a carpenter
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Nov 13, 2017 18:40
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Probably has to do with how many amateurs there are of something, how likely you are to know an amateur and talk about it in casual conversation, etc. I'm pretty sure whether something like "carpenter", "blogger", etc implies a professional status is different from word to word and probably also from person to person so I don't think either person in this dumb argument is actually being that ridiculous Because like uranium said, no one hears "Yeah I'm a runner" and thinks that person is a pro, but "carpenter" sounds professional. Honestly, if someone said "I'm a fisherman", that sounds professional to me too! I would expect them to say "I like to fish" if they were an amateur. But again I think it can vary person to person, how you interpret it.
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Nov 13, 2017 18:48
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exploded mummy posted:I call then grover lol
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Nov 13, 2017 18:53
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Dog Jones posted:How come the creator of bitcoin won't come out in public he sold all his bitcoin at $10 then suicided when it was at $1000 (maybe)
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Nov 15, 2017 23:25
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I will say about bitcoin, and again I make no predictions about its price, that I have been asked about it out of nowhere by both my 70 year old dad and my late 50s classical guitar teacher who I don't think is any sort of tech guy so I mean by the time people like that are talking about buying it, it seems like the cat is out of the bag as far as finding more people to buy but who knows
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Nov 15, 2017 23:57
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Ham Sandwiches posted:You mean the point at which it's about to be accepted by more retailers and countries and reserve banks and hedge funds are getting into it and square is about to offer payments using it, clearly the ship has sailed just like it had at $2500, and again at $5000 Is square offering payments using it, or is square being paid dollars by a third party that will be the one actually accepting the bitcoins, like bitpay? Also maybe I wasn't clear but neither person that asked me about it was interested in owning bitcoin or using it to exchange for goods, both of them simply brought it up because they heard it was going up and wanted to get in on it going up in value, without really knowing anything about it
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Nov 16, 2017 00:01
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mojo1701a posted:This is what I still don't understand about Bitcoin: if it's a currency, then it's a terrible one because its value keeps changing (Imagine not knowing if your dollar will be worth $1.20 or $0.50 tomorrow). To be fair, the intrinsic value of gold as a thing for electricity or whatever is like pennies on the dollar of what it's worth now Gold's current price really has nothing to do with its actual intrinsic value afaik, maybe some finance smarty pants can correct me
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Nov 16, 2017 18:23
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COMRADES posted:Gold is (or historically was) fairly rare, difficult to purify, and had a ton of other special properties as a metal (doesn't oxidize, doesn't blacken, etc) that made it desirable. The coins weren't worth more than the value of the gold used to produce them though. In general the value of a commodity is based on the value of what end products you can make from it and jewelry has always been worth a lot to people. Can't you say the same thing about salt though? Salt has a lot of intrinsic value and at one point in history was worth a ton but now it has the same intrinsic value and nobody is asking for their ~salary~ to get paid in salt anymore
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Nov 16, 2017 18:55
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COMRADES posted:The difference is salt is very easy to mass produce now and region doesn't matter so much (except for fancy cooking salts) and gold's production is more or less at the peak with very small increases year to year with an increasing demand as it is used in electronics and whatnot. Salt was also hugely valuable as a way to preserve foods that would otherwise spoil quickly but we have refrigeration now. Yeah I guess that makes sense, it has the same intrinsic like usefulness but not value since we have refrigeration and can get salt a lot easier anyway
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Nov 16, 2017 19:05
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Adar posted:I've felt like it was going to be any week now the entire time I've been in and still think it's going to be soon, but it's not going to happen in the month before or in the first little while after Wall Street, which is either insanely long on BTC or staying away from it, pours all the money in the world on the pile. virtually every other time period is insanely risky but I pulled out my initial capital months ago so who cares I generally agree with that, although I mean I don't know how anyone could have predicted with any real reasoning that it could ever get up to $10k or whatever. Like, I don't really see a reason that it couldn't have just stalled out at $100 or $1000 or $3000 or any other number I guess I know a lot of other poker people that have a lot of bitcoin and I'm certainly not anti-sweating any of them, I hope they make money, I'd just rather put my money into real life businesses and real estate stuff where I can estimate the EV a lot better.
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Nov 16, 2017 23:21
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Of interest to this thread: https://lendedu.com/blog/investing-in-bitcoin One particular lol: 7. At what price per Bitcoin would you be willing to sell all of your Bitcoin investment? On average, respondents reported that they would be willing to sell all of their Bitcoin investment at $196,165.79 per Bitcoin. At the time of the survey completion, the price per Bitcoin was $6,490.
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Nov 17, 2017 23:02
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Haha yeah well everything connected to finance is a scam in one way or the other so it fits
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Nov 17, 2017 23:29
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Solice Kirsk posted:Bortcoin?! You got to be kidding me... My coin is also named Bort
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Nov 19, 2017 08:50
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Uranium 235 posted:yeah making money is stupid People are just saying that just because you made money doesn't mean it was a good trade Since you are a Person Who Trades But Not Professionally I know you know this. It's possible that it was a good trade!! But you can't prove that it was or wasn't in retrospect, the variables are not knowable. Even if the variables were all knowable, if the person who bought bitcoin back then didn't know them and only bought them based on "this thing went up to $10 I bet it will keep going up" based on nothing but that, I would say personally that's not a good trade. Adar's right that it's fine to take fliers on things, but I don't even know how you'd begin to approximate what the max return on bitcoin would be or its likelihood of getting there. For all we know, ever even getting above $100 could have been a 1 in 100 event that came through. I'm happy for that guy that made the 1.8 million worth of bitcoin, good for him. It's good when good things happen to people. That doesn't mean that buying 200 BTC whenever was an intelligent investment, he basically bought a lottery ticket and won. And that's great, I hope he enjoys the financial security. I just hope he doesn't think that he's like a super intelligent investor now.
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Nov 20, 2017 06:27
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CassandraZara posted:Also if you take more than $10k in a way deliberately designed to avoid those reports, that's called structuring and is also illegal. Poker sites like to send exactly $9500 out max for withdrawals sometimes, but I've always just declared all the income and never had a problem. I assume if you are being transparent about it and not doing it to hide income they probably don't come after you? I dunno though
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Nov 21, 2017 00:58
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MurderBot posted:So my question is: Will bitcoins ever drop down to like $50 again so I can buy like 10 of em and then wait for them to increase in value to like 100,000 so I can make tons of cash? Well, if bitcoins ever become the dominant currency of the world, each one will be worth like millions of dollars so it's got plenty of room!
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Nov 22, 2017 19:49
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lol you took a professional IQ test
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Nov 29, 2017 00:50
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haha goons told me not to buy a lottery ticket but I matched 4 and won $1000 so goons are loving idiots
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Nov 29, 2017 19:27
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Adar posted:honestly the fact that 2010 meme internet split into buttcoiners and bitcoiners and goons wound up on the funny side while the alt-right chanlords accidentally wound up with a collective billion dollars more than us is kinda infuriating but also pretty much a microcosm of the collective business sense of somethingawful dot com hey man I'm inured to this poo poo I had to watch Jamie Gold win like 8 million dollars as you know lol in fact a good part of poker is just watching ridiculous dumb asses win tons of money I'm happy for most of the bitcoiners, I'm sure a lot of them are just normal people who wanted to gamble on something and won so I mean that's cool. I'm sure there are some extreme idiots and jerks who have tons of money now but it certainly won't be the first time in the world that someone from one of those camps got tons of money
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Nov 29, 2017 20:04
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Ham Sandwiches posted:Hello, this is a few sentence summary of what I've been trying to explain to many goons since the summer yeah lol but I can laugh at the fact that we were all wrong about the result while still not really feeling like we were wrong about whether it was a good investment or not to me it's no different than if some blustery idiot said IM GONNA GO TO VEGAS AND BET IT ALL ON BLACK 5 TIMES IN A ROW BABY and then did it and won wow feel like I'm just posting the same thing over and over to ham sandwiches this is really surprising
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Nov 29, 2017 20:20
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Ham Sandwiches posted:Let me paraphrase real quick: my man have you heard of the term "results based thinking" you are also, as usual, putting "claims and predictions" in my mouth that I never made
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Nov 29, 2017 20:23
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I offered you like a $100 bounty to find a post where I ever said "nobody who invests in bitcoin will make money" or "it will never go up a bunch", and I still hold to that, if you can ever find me saying something like that then you can actually make money off bitcoin just like you always dreamed
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Nov 29, 2017 20:25
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I do kinda wish bitcoin had a phenomenon like being locked limit down for 2 weeks just to watch everyone sweat if it crashes instead I guess it''ll happen in like a day or two span if it does
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Nov 29, 2017 20:51
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vortmax posted:Not just tax avoiders. Once they can tie addresses to people, they can follow all coins that passed through those addresses and went to (for example) Silk Road. also I think he means tax evaders which is a pretty big difference
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Nov 30, 2017 02:46
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i'm gonna be the jerk that tells you guys it actually is a rickroll, sorry if you genuinely believed that a man ate his own testicle
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Nov 30, 2017 23:03
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And I mean again as someone pointed out, way less anonymous than just using cash lol
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Dec 1, 2017 05:40
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The page actually is crap though, when I signed up for it a few months ago it kept failing to accept my driver's license photo which was perfectly readable and there was no one to talk to about it since they don't really have support
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Dec 4, 2017 20:28
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COMRADES posted:
this is the same problem I had and I never saw any server outage message about it, it was months ago also
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Dec 4, 2017 21:22
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LinYutang posted:Short sell bitcoin if yall think it's a bubble and gonna pop! do it! bitcoin price isn't really predictable in either direction which is why it's not a good investment, nobody here is saying it won't go up or that it will crash at any certain time, despite Ham Sandwiches trying to force those words into everyone's mouth with all the possible force in the universe
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Dec 7, 2017 19:19
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lazorexplosion posted:If yall think me betting all my savings on black is bad idea, why don't you bet all your savings on red? Oh you won't do that either? Looks like I'm proven right again This is a good comparison thank you
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Dec 7, 2017 19:36
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LinYutang posted:Except that Bitcoin Will Definitely Fail so there is no downside literally nobody has said that bitcoin will fall in a predictable time frame
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Dec 7, 2017 22:08
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Ham Sandwiches posted:"Lmao this is a total ponzi scheme based on absolutely nothing, not backed by governments, no intrinsic value, can't even use it for transactions - literally worthless beanie babies and tulips in digital form" do you seriously not understand what I'm saying or are you being purposefully dense
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Dec 7, 2017 22:13
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Ham Sandwiches posted:This summer I think I had about a dozen people dropping the masterful burn of "Why don't you invest all your savings into Bitcoin" when I was posting "I'm thinking Bitcoins are not a scam" that wasn't me though
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Dec 7, 2017 22:15
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Ham Sandwiches posted:Please consider yourself a proxy in this exchange for those that did lol dude this has been your entire gimmick since I have replied to you at all in this thread or the previous one EVERY SINGLE TIME I reply to you, you reply to me as if instead of one person I'm this amalgam of "goons" that are just glommed into one poster to you in addition to your weird rear end thing of reading the word "cryptos" when someone says specifically "bitcoin" when it suits your argument
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Dec 7, 2017 22:19
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this is like really cliche but I think Ham Sandwiches just seems kinda autistic tbh I don't even mean this to be insulting
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Dec 7, 2017 23:29
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Ham Sandwiches posted:They're a new form of digital currency with different characteristics that allows them to be used in different ways than fiat money. People focus on these differences and only highlight the drawbacks compared to fiat money. I think it's cool to see alternatives to paper money that is issued and managed by governments and while it's still early days and all the bumps of cryptos are pretty obvious, my take is they'll turn out pretty useful long term. that's the thing though almost all of the discussion has been about why bitcoin is bad, not cryptos in general
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Dec 7, 2017 23:40
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nexous posted:Is that $7,000 still in an exchange or in your bank account? Honestly curious if you are able to get it into actual USD. That amount is pretty easy to withdraw
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Dec 8, 2017 20:15
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wit posted:The thing I love most about bitcoin people is that they're not just offended when people question its stability, they get angry and panic because people questioning the stability of bitcoin might make it more unstable. Every time you say "lol bitcoin" someone panics and checks the current rate in case someone heard. lol it's like roko's basilisk but a currency instead
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Dec 8, 2017 20:51
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nexous posted:That's what people keep saying. But I haven't proof of a sucessful withdrawl (to the US) that didn't end in someones bank freezing their account. Surely someone in this thread must have extracted a large amount of money from Bitcoin into USD and can show us a line item in their bank account? I don't doubt that its technically possible, I would just like to see it. I have personally withdrawn 40k from btc to usd from poker
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Dec 8, 2017 22:44
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It was like 9500 twice and 20k once
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Dec 8, 2017 22:53
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