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So i just found out a friend of mine is about a thousand dollars into NFTs through some NFT service called VeeVee or something. I happen to know he does not have a thousand dollars in fun burn money so that seems bad to me?
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May 20, 2022 13:24
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projecthalaxy posted:So i just found out a friend of mine is about a thousand dollars into NFTs through some NFT service called VeeVee or something. I happen to know he does not have a thousand dollars in fun burn money so that seems bad to me? Well someone else now has a thousand dollars in burn money which seems good, so on the balance
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May 20, 2022 13:37
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aphid_licker posted:Well someone else now has a thousand dollars in burn money which seems good, so on the balance yeah. He was explaining that he's waiting for his position to hit 1200 before he cashes out and all I can do is say "yeah but how about now tho?"
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May 20, 2022 13:43
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maybe he shouldn't be your friend anymore
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May 20, 2022 13:49
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I have a coworker who apparently put up tens of thousands of dollars a couple weeks ago to build a bitcoin mining rig, right before things went to poo poo. Apparently a close friend of his who was assembling it killed himself. While I have nothing but the deepest contempt for crypto and everything to do with it, its kind of shocking to see someone 2 degrees separated from me die because of it. And now I have to be nice to my coworker.
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May 20, 2022 13:54
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Palladium posted:maybe he shouldn't be your friend anymore Yeah I've thought that before. He's a nice guy just prone to getting involved in get rich quick schemes. He started a podcast a few years ago that lasted two episodes and totalled seven downloads, tried to get people in our office to pool our resources and buy some $5000 house in Michigan to flip (I asked how he was going to improve it, he responded "no you just buy them and sell them for more!"), now this. I feel somewhat tired of trying to dissuade him but unfortunately i will (theoretically) still be sitting 8 feet away from him 40 hrs a week so i try to stay cordial due to my fear of confrontation. E: i guess my point here is does anybody have any experience with deprogramming a crypto brained individual projecthalaxy has issued a correction as of 13:58 on May 20, 2022 |
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May 20, 2022 13:55
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Mr. Lobe posted:I have a coworker who apparently put up tens of thousands of dollars a couple weeks ago to build a bitcoin mining rig, right before things went to poo poo. Apparently a close friend of his who was assembling it killed himself. While I have nothing but the deepest contempt for crypto and everything to do with it, its kind of shocking to see someone 2 degrees separated from me die because of it. And now I have to be nice to my coworker. I have a coworker who I knew was into crypto. When Terra imploded and everything else sunk I asked if he was doing okay. He smiled and said that he's doing great! He has no exposure to coins or crypto: his portfolio is 100% NFTs.  He followed that up with noting that a friend of his back home did off himself because of Luna.
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May 20, 2022 14:21
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How many fuckin people can have actually killed themselves over this poo poo Surely a lot of these have got to be urban legends
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May 20, 2022 15:49
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aphid_licker posted:How many fuckin people can have actually killed themselves over this poo poo I agree. That's what makes it feel so wild irl when someone says out loud that they personally know someone who did. What do you say?
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May 20, 2022 15:55
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A guy my dad knows did like 20 years ago when his web 1.0 penny stock margin scheme crashed and he was like -600K. Its not just a crypto thing.
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May 20, 2022 15:56
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webcams for christ posted:I agree. That's what makes it feel so wild irl when someone says out loud that they personally know someone who did. What do you say? If they were close, "I'm sorry for your loss". If they weren't, "wow, that's crazy".
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May 20, 2022 15:59
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always, always keep in mind when somebody says they're up $1,000,000 that doesnt mean that they have a million dollar bills. it means they're looking at a chart and their 10,000 coins cost $100 each to purchase, and they don't understand liquidity or spreads, and think that they could just cash it all out at that price. it's almost never realized gains.
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May 20, 2022 16:03
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aphid_licker posted:How many fuckin people can have actually killed themselves over this poo poo Anytime one of the currency dips people start posting the suicide hotline numbers in the currency's subreddit.
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May 20, 2022 18:39
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Karl Barks posted:Yeah they do in the marketing material, with the small print about only USD holdings Gemini earn does the same thing I’ve had people tell Me I don’t understand it’s all FDIC insured
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May 20, 2022 20:57
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Money ain't even real. Not sure why you'd kill yourself over money that is even less real than real money.
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May 20, 2022 22:21
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Grand Theft Autobot posted:Money ain't even real. Not sure why you'd kill yourself over money that is even less real than real money. these people presumably not only dumped all of their real money into crypto, but leveraged it as far as the exchanges would let them, and now they owe many times more real money than they started out with
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May 20, 2022 22:30
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man i was so sure that this infinite money machine plan would work out
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May 20, 2022 22:32
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Mr. Lobe posted:I have a coworker who apparently put up tens of thousands of dollars a couple weeks ago to build a bitcoin mining rig, right before things went to poo poo. Apparently a close friend of his who was assembling it killed himself. While I have nothing but the deepest contempt for crypto and everything to do with it, its kind of shocking to see someone 2 degrees separated from me die because of it. And now I have to be nice to my coworker. "At least you can still play wicked video games with it, right?"
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May 20, 2022 23:35
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i thought at this point running a bitcoin rig in most states was already a loss compared to the electricity cost?
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May 20, 2022 23:37
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Vomik posted:i thought at this point running a bitcoin rig in most states was already a loss compared to the electricity cost? yes, but bitcoin can only go up, you see, and you'll be sorry when you dont mine and it shoots up to 300k. It's really an investment.
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May 20, 2022 23:59
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Another Bill posted:"At least you can still play wicked video games with it, right?" I have elected not to talk to my coworker about his side of that equation now or ever if i can help it
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May 21, 2022 00:09
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Jonny 290 posted:yes, but bitcoin can only go up, you see, and you'll be sorry when you dont mine and it shoots up to 300k. It's really an investment. lol. of course - I forgot about that one. hope springs eternal. let the depressed bitcoin coworker know that it will all be ok he's just getting in on the new ground floor
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May 21, 2022 00:15
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Sorry, bad at this site
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May 21, 2022 01:02
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Oops wrong thread
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May 21, 2022 01:02
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 another billion Tether vaporized overnight. down $10 billion / 12% from ATH market cap two weeks ago
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May 21, 2022 13:58
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webcams for christ posted:
interesting to see, actually gives some credence to the idea that they are backing the tether with....something. but the simultaneous dump in BTC price also aligns with the "tether is what's inflating BTC" idea too.
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May 21, 2022 23:49
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Maybe I'm wrong, but I don't think anyone ever accused Tether of having nothing backing it at all. The issue is whether some of it is out there with nothing behind it so that the actual floor is much, much closer than it seems. But I purposefully try to purge as much crypto poo poo from my brain as possible, so maybe I'm wrong.
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May 22, 2022 00:02
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Dustcat posted:these people presumably not only dumped all of their real money into crypto, but leveraged it as far as the exchanges would let them, and now they owe many times more real money than they started out with do they not know what bankruptcy is?
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May 22, 2022 04:55
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https://twitter.com/CryptoWhale/status/1528833698988269568 Monkey Pox can even go into the virtual world of crypto! 
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May 23, 2022 22:46
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lmao https://twitter.com/morebuttertv/status/1529151981792727040
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May 25, 2022 15:50
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https://www.youtube.com/watch?v=cUX4cL1AP28&t=12s
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May 25, 2022 16:08
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Horseshoe theory posted:https://twitter.com/CryptoWhale/status/1528833698988269568 why exactly would i want to buy PlagueCoin? i'm pretty sure none of the money goes to the Plaguefather so there's no point in wasting time and resources on that when i could be spreading his Gifts the old-fashioned way
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May 25, 2022 16:37
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https://twitter.com/WatcherGuru/status/1529430578092810240?t=oIosSmCUC_zaezEIO5vOBw&s=19 from the creators of lose your money 1.0: lose your money 2.0
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May 25, 2022 17:13
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i'm sure they learned from their mistakes
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May 25, 2022 17:15
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shyduck posted:https://twitter.com/WatcherGuru/status/1529430578092810240?t=oIosSmCUC_zaezEIO5vOBw&s=19 lmao
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May 26, 2022 03:54
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shyduck posted:https://twitter.com/WatcherGuru/status/1529430578092810240?t=oIosSmCUC_zaezEIO5vOBw&s=19 https://twitter.com/WatcherGuru/status/1530554257056874497 Another rug pull?! I'm shocked! 
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May 28, 2022 18:19
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War and Pieces posted:do they not know what bankruptcy is? the shock of going from thinking you are rich to realizing you are bankrupt has gotta be rough. also the kind of person going all in on a get rich quick scheme is probably desperate to begin with. but i think the main thing is that you aren't just putting your life savings on the line, if you have a relationship you are putting that on the line too. "trust me babe these $250k ape pictures will pay off, you just have to believe in me." and then you lose your house and your wife will never trust you again. i think being a huge embarrassing failure to your friends and family hurts a lot. i wouldnt know anything about that tho
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May 28, 2022 19:13
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Horseshoe theory posted:https://twitter.com/WatcherGuru/status/1530554257056874497 buy the dip!
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May 28, 2022 20:29
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99.9% of real physical art objects instantly turn into something that'll fetch from five to twenty bucks at a garage sale the second you take possession of them from the artist but clearly a link to a godawful jpg will only appreciate in value
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May 28, 2022 20:49
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on the other hand we live in the stupidest timeline so maybe the nft people are on to something
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May 28, 2022 21:01
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