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CharlestheHammer posted:I mean not really? If you think about it as "Free Speech (for him and who he chooses)" plus a side helping of more attention for him it makes a lot more sense.
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May 11, 2022 01:47
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I'm looking at RSU lady's comments and I'm really wishing she'd listened to her past selfquote:You shouldn't buy a house you cant afford 2008 showed the world that She mentions the husband having a gambling addiction, it really sounds like he pushed her into this as another form of gambling.
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May 11, 2022 01:50
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Chaotic Flame posted:Split/Second is amazing and I'm sad we'll never see a sequel DACK FAYDEN posted:I thought I was the only person (okay, maybe other than the Penny Arcade guys because that's how I heard of it) to have bought Split/Second! Game slapped. God that game is so good, and in BWM content it's still $20 on steam. So good.
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May 11, 2022 01:55
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Aces High posted:Which is worse, banks owning Twitter or Musk? Musk owning it would definitely be funnier.
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May 11, 2022 02:02
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Aces High posted:Which is worse, banks owning Twitter or Musk? I'd love to see banks owning Musk. Maybe we can convince them his hair plugs are valuable can get them to sell them off.
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May 11, 2022 02:39
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Weatherman posted:I'd love to see banks owning Musk. Maybe we can convince them his hair plugs are valuable can get them to sell them off. OTOH if Twitter stock tanks soon won't the banks own both?
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May 11, 2022 02:40
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Coinbase lost 19% of its value overnight and can't currently pay its creditors. https://twitter.com/JuddLegum/status/1524372254993399808 It said it is making disclosures about what would happen if they declare bankruptcy, but only because they are required by new regulations. They say bankruptcy is one of many possible options and stress that there is currently "no risk" of bankruptcy. But, they are giving a warning and saying that everyone will lose access to all of their crypto currency and they will used to pay off the company's debt if they do. Don't worry, they have a comprehensive explanation for why everything is fine and you definitely should not pull your crypto out right now: It is. Just trust us. https://twitter.com/brian_armstrong/status/1524233480040710144?s=20&t=unCRUXT7-mCmFZnCVTymKg quote:Coinbase said in its earnings report Tuesday that it holds $256 billion in both fiat currencies and cryptocurrencies on behalf of its customers. Yet the exchange noted that in the event it ever declared bankruptcy, “the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings.” Coinbase users would become “general unsecured creditors,” meaning they have no right to claim any specific property from the exchange in proceedings. Their funds would become inaccessible. quote:An individual's ownership of cryptocurrency is supposed to be immutable and absolute; that's one of the key selling points touted by blockchain evangelists everywhere. But when a user creates a Coinbase account, they often end up storing their cryptocurrency in a wallet controlled by Coinbase, which means the individual is giving away at least part of their control over their own funds. quote:Coinbase does offer a self-custody wallet, titled “Coinbase Wallet”, where the user knows their private key, and a Coinbase Wallet—or any crypto wallet—is not required to trade crypto on Coinbase. But by admitting that crypto assets aren't secure in the event of a bankruptcy, Coinbase is also highlighting a major difference between storing your funds with blockchain exchanges, versus keeping cash with traditional banks. quote:The crypto exchange's stock price is now down to 80% below its Nasdaq debut in April 2021. Besides reporting a declining user base and lower than expected revenue, trading volume on the Coinbase exchange declined from $547 billion to $309 billion in the first quarter, over the same period last year. Coinbase warned that trading volume was likely to decline further in the current quarter.
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May 11, 2022 14:04
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Speaking of crypto, the twitter related tweets algorithm unintentionally wrote a funny story:
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May 11, 2022 14:44
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Every square nanoangstrom of my body yearns for a coinbase bankruptcy. Every... uh... microestus of my soul craves it.
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May 11, 2022 14:52
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gschmidl posted:Every square mangosteen
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May 11, 2022 14:55
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mrmcd posted:Speaking of crypto, the twitter related tweets algorithm unintentionally wrote a funny story: Crypto.jpg
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May 11, 2022 15:01
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Still believes/is too deep in sunk cost fallacy to stop being involved in crypto after losing 70% of his savings. (Since his post, Luna has lost 98% of its value and Luna was supposed to be a "stable coin") quote:I lost everything and I don’t know what to do or where to go. But, his crypto brethren have no patience for this possible FUDDster. quote:
quote:Sounds like you didn't do any research. You didn't actually lose the money until you sell. Luna will rebound. They are actually doing you a favor by not letting you sell when it is down almost 100%. Have faith. Someone directs him to this tweet below: Which links to a page that is soliciting donations to pump up Luna back into solvency (these are donations to the currency and not actually buying the currency). So, he just needs to get the 2% of his life savings left and go all in by donating it to the crypto that took the other 98%. But, don't worry. The Luna recovery fund will be put back into Luna and when it rockets back up, they will use the proceeds to reimburse everyone who lost money. https://twitter.com/askthedr/status/1524389740098826240 quote:
quote:You can't make any decision but you can dump your life savings in LUNA. Guess you have no choice but to buy more quote:Consider this a week in Vegas. Save back up and find a new crypto. Getting out of crypto is a poverty mindset. That is how you stay poor. I tried to get my parents to put their retirement in crypto, I even offered to guide them, do all the work, and advise for free. They said no because of a poverty mindset and I tell them that my crypto will always bounce back but their stocks wont. Don't give up. quote:You need to look up "diversified portfolio" and do that. It means that inside of your crypto portfolio you have to buy many coins, many stable coins, on many exchanges, keep them on many wallets, minimise the risk of one single event ruining you. quote:Listen, someone told me…YOU CAN ALWAYS MAKE MORE MONEY quote:Get a job and DCA into algorand. Don't invest more than what you can afford. Algorand has the best tech in the crypto sphere and will survive the bear markets and thrive during the bulls. quote:
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quote:Yes, Luna is different. It is a 100% wipeout. Successful crypto with a finite number of coins in the long term can't actually lose value. quote:I suggest investing in BTC to get your confidence up. Then invest in CRO (Crypto.com). quote:So glad I wasn't able to convince my wife to let me take out 50% of our saving to buy crypto last month quote:
quote:They lost their money, not everything. People need to recognize the difference. quote:Sorry for your misfortune, but I hope you learn the right things from it. I'm sure you've heard the more sensible crypto people say that altcoins are risky, and your portfolio should be dominated by bitcoin and Ethereum, and you shouldn't put all your eggs in one basket. Now you know why. Chase bigger gains if you want, but the risk is real. quote:People get greedy. You should chase gains, but be responsible. A responsible investor is 80% BTC. 10% fiat stocks. and no more than 10% alt coins. Take that to heart and learn from this. quote:I've lost 90+% for the third time. quote:Quick reminder: if you have $10 to your name you’re more wealthy than the majority of the world. We attach too much emotion with money. People survived without it long ago, people still survive without it today. Life goes on.
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May 11, 2022 15:23
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Leon Trotsky 2012 posted:Still believes/is too deep in sunk cost fallacy to stop being involved in crypto after losing 70% of his savings. “Stable coin” is like a “reliable junkie”
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May 11, 2022 16:03
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The responsible investor is 80% Bitcoin. Lol
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May 11, 2022 16:06
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quote:I lost everything and I don’t know what to do or where to go. BWM: I don’t know anything and don’t know how to do any research.
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May 11, 2022 16:16
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Thats crazy. Poverty mindset from not investing in crypto? Continually dumping money and losing it all?? And yeah money is fake but is the basis of survival since we invented it.unless you live on a commune or self sustaining farm
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May 11, 2022 16:23
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Edgar Allan Pwned posted:Thats crazy. Poverty mindset from not investing in crypto? Continually dumping money and losing it all?? And yeah money is fake but is the basis of survival since we invented it.unless you live on a commune or self sustaining farm Sounds like someone hasn't seen the emojis...  Understand, now?
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May 11, 2022 16:26
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quote:You need to look up "diversified portfolio" and do that. It means that inside of your crypto portfolio you have to buy many coins, many stable coins, on many exchanges, keep them on many wallets, minimise the risk of one single event ruining you. Lol. My dude have you heard of correlation and concentration risk???
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May 11, 2022 16:29
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Powerful Two-Hander posted:Lol. My dude have you heard of correlation and concentration risk??? Actually, I think this is technically idiot-syncratic risk.
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May 11, 2022 16:42
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opengl128 posted:BWM: I don’t know anything and don’t know how to do any research. Bought Weird Mooncoin:
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May 11, 2022 16:56
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doingitwrong posted:Bought Weird Mooncoin: lol yes this is a good new title
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May 11, 2022 17:28
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Coinbase slipping closer to seizing all of its users' bitcoin wallets to pay debts.quote:Coinbase stock is now down more than 75% this year and is trading nearly 85% below its all-time high price from November. Shares have lost more than half their value in just the past week alone. quote:"The first quarter of 2022 continued a trend of both lower crypto asset prices and volatility that began in late 2021," Coinbase said in a letter to shareholders. But the company added that Coinbase remains "as excited as ever about the future of crypto." https://twitter.com/cnni/status/1524426681863311363
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May 11, 2022 17:31
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Leon Trotsky 2012 posted:Coinbase slipping closer to seizing all of its users' bitcoin wallets to pay debts. 
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May 11, 2022 17:48
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Time for crypto to reinvent the 1930s bank runs!
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May 11, 2022 18:04
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Agents are GO! posted:God that game is so good, and in BWM content it's still $20 on steam.
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May 11, 2022 18:09
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doingitwrong posted:Bought Weird Mooncoin: Bought Weird Mooncoin: I don’t know anything and don’t know how to do any research.
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May 11, 2022 18:13
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LanceHunter posted:Bought Weird Mooncoin: I don’t know anything and don’t know how to do any research. Bought Weird Mooncoin: Stable Coin Mark 69 (Not Stable)
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May 11, 2022 18:47
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Leon Trotsky 2012 posted:Coinbase lost 19% of its value overnight and can't currently pay its creditors. i looked at their SEC filings. unfortunately they don't have that much debt, it's not due until 2028, and it doesn't seem to be secured debt. its possible that a covenant could get tripped making their debt accelerated or the like earlier than that, but it'd still be unsecured debt, meaning that there's not automatically someone ahead of their customers with a big-rear end claim. there isn't a good reason for them to go bankrupt (they sell shovels) anytime soon unless they do something really loving stupid. it's just their valuation makes no sense if the crypto bubble pops.
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May 11, 2022 18:50
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opengl128 posted:BWM: I don’t know anything and don’t know how to do any research. I feel like from this whole thing this is my favorite line. BWM: A responsible investor is 80% BTC
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May 11, 2022 18:51
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LanceHunter posted:Bought Weird Mooncoin: I don’t know anything and don’t know how to do any research.
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May 11, 2022 21:49
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So if investors are turning themselves piece by piece into bitcoin, does that mean Tron is real?
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May 11, 2022 22:19
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Buttcoin thread has some good content tonight, you can watch a live performance of "Line Goes Down" here: https://bitcointicker.co/stamp/btc/usd/1hr/ This guy is amazing: "They were burning a ton of cash, and this couldn't go on forever... which is totally fine!" "So I kept an eye on this but I wasn't exactly worried about this because again, if the money runs out, it's fine."
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May 11, 2022 22:53
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greazeball posted:Buttcoin thread has some good content tonight, you can watch a live performance of "Line Goes Down" here: https://bitcointicker.co/stamp/btc/usd/1hr/ I want to believe somewhere someone has spent an obscene amount of money to build a crypto daytrading command center that's straight out of Wargames and has all these realtime charts on giant wall screens 
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May 11, 2022 23:35
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Vice President posted:I want to believe somewhere someone has spent an obscene amount of money to build a crypto daytrading command center that's straight out of Wargames and has all these realtime charts on giant wall screens It exists but all the screens are playing different animes
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May 11, 2022 23:53
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The only way to win at crypto is not to play.
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May 12, 2022 00:39
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Wtf even is Coinbase and how can they go bankrupt? Are the making loans backed with Bitcoin?
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May 12, 2022 01:05
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honda whisperer posted:Wtf even is Coinbase and how can they go bankrupt? Are the making loans backed with Bitcoin? Base means freebase? They turn Bitcoin investments into smoke?
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May 12, 2022 01:07
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honda whisperer posted:Wtf even is Coinbase and how can they go bankrupt? Are the making loans backed with Bitcoin? coinbase is an exchange, they take a cut of all transactions on their exchange they should make money no matter what happens to crypto, but their ability to make as much money as their idiot investors thought heavily depends on crypto hype pumping up trading volume they could of course also do something monumentally stupid and go bankrupt, but they shouldn't since the only debt they have isn't due until 2028
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May 12, 2022 01:27
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quote:Asked to verify Eligible Contract Participant (ECP) for crypto margin trading on Kraken - workaround?
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May 12, 2022 01:30
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Boy, when the casino cuts you off, you know you’ve got a problem. Ok, this guy still doesn’t know, but the rest of us do.
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May 12, 2022 01:33
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