all i've got is: don't let your friends be cryptofucks. if they do, yell at them and move to the woods with me. there are several open positions on this battering ram we've got going. we need 12 strong people to push this thing into the bitcoin factory
― Karl Malone, Friday, 21 May 2021 16:18 (two years ago) link
I'm more of a bard type
― frogbs, Friday, 21 May 2021 16:19 (two years ago) link
I still very much believe that there's a ceiling on the price of any crypto. IDK where that ceiling is, but there is always only so far that speculative money can take something. You eventually just run out of dumb money.
― longtime caller, first time listener (man alive), Friday, 21 May 2021 16:20 (two years ago) link
I just want crypto to die so bad. It's a fucking plague.
― longtime caller, first time listener (man alive), Friday, May 21, 2021 12:15 PM (two minutes ago) bookmarkflaglink
i think it will, at least the investing part, scams dont last forever
― lag∞n, Friday, 21 May 2021 16:20 (two years ago) link
Yeah, that's correct, but they can last a really long time, cf Madoff.
then we will see a golden age of gaming where top of the line graphics cards can be had for five dollars
― lag∞n, Friday, 21 May 2021 16:21 (two years ago) link
Also since it's kind of a meta-scam, I wonder how long it can be kept going by rolling money into new sub-scams of the scam (like now we have NFTs)
― longtime caller, first time listener (man alive), Friday, 21 May 2021 16:21 (two years ago) link
madoff, a legend in the scam world rip
― lag∞n, Friday, 21 May 2021 16:23 (two years ago) link
the amazing thing about Bitcoin is that apparently literally everyone has made money on it. just like my sportsbetting friends who always text to brag after the game is over
― frogbs, Friday, 21 May 2021 16:23 (two years ago) link
it has generally gone up a shit ton
― lag∞n, Friday, 21 May 2021 16:24 (two years ago) link
Madoff dying was the reason why Bitcoin's been doing so well. now that there's an angel in heaven blessing Ponzi schemes the price can only go up uP UP!!!
― frogbs, Friday, 21 May 2021 16:25 (two years ago) link
btw not sure if i ever told the story on here but i knew a guy who ran a hedge fund, was always talking about his various diversified investments, turns out he was just turning 95% of the money over to madoff lmao
― lag∞n, Friday, 21 May 2021 16:26 (two years ago) link
You eventually just run out of dumb money.
*nature/financial documentary voice*
every year, tens of millions of children turn 18, and the pool of dumb money is replenished
― Karl Malone, Friday, 21 May 2021 16:26 (two years ago) link
lol
― longtime caller, first time listener (man alive), Friday, 21 May 2021 16:26 (two years ago) link
seriously, though. not just kids, either. it's anyone out there who has a shit job and doesn't feel like they've ever been remotely compensated for the amount of work they're putting in. that's actually most of the world, i think. look around at any job where it's understood that the workers may be high, and you'll see everyone watching binance even more closely than the prototypical sweaty basement cryptoturd
― Karl Malone, Friday, 21 May 2021 16:30 (two years ago) link
yeah I know, but there is in fact a ceiling on how much of that money there is in aggregate, and that's why bubbles do always eventually deflate.
― longtime caller, first time listener (man alive), Friday, 21 May 2021 16:31 (two years ago) link
yeah feel like its little understood how many of the retail investors are working class people buying $100 here or there
― lag∞n, Friday, 21 May 2021 16:31 (two years ago) link
which makes the whole thing especially suck cause theyre the ones who will be left holding the bag
― lag∞n, Friday, 21 May 2021 16:32 (two years ago) link
and also, curiously, those shouting the loudest and managing to somehow out-dogmatize christians, holy shit
reminds me of the tea party patriots
― Karl Malone, Friday, 21 May 2021 16:33 (two years ago) link
anyway, i guess the rational thing is just to stay 1000 feet away from all this and hope that it blows up on itself. but...i can't because i physically feel this shit invading my space and wellbeing! it is a tangible digital horde of fucking morons getting closer to my window each day.
― Karl Malone, Friday, 21 May 2021 16:35 (two years ago) link
Arguably you could spend less time on Twitter and take care of a lot of the problem.
― Clara Lemlich stan account (silby), Friday, 21 May 2021 16:39 (two years ago) link
haa
― lag∞n, Friday, 21 May 2021 16:40 (two years ago) link
i dumped dozens of crypto image speculators (formerly self-described as digital artists) when i got back from becoming a LVL3 wood elf a few weeks ago. that did help!
― Karl Malone, Friday, 21 May 2021 16:41 (two years ago) link
idk what this means but anyway
We've successfully playing the #TSLA classic bubble and dispassionately #Ethereum looks similar. Presently, we are trying to find a low off yellow line or $2k. If we can then break $3580-36k great. But if we fail as #TSLA did @$780-800 that would confirm a bull trap = very bad. https://t.co/FmzdpzVhhB pic.twitter.com/q4GT2HYvwF— Julian Brigden (@JulianMI2) May 21, 2021
― lag∞n, Friday, 21 May 2021 16:44 (two years ago) link
pretty interesting crypto and tesla crashing at the same time
― lag∞n, Friday, 21 May 2021 16:46 (two years ago) link
https://i.imgur.com/9BjTSDO.png
― Karl Malone, Friday, 21 May 2021 16:49 (two years ago) link
one of the best moves
― lag∞n, Friday, 21 May 2021 16:50 (two years ago) link
love when ppl post their bloomberg terminal screencaps it's such a nice little ego boost for them
― Clara Lemlich stan account (silby), Friday, 21 May 2021 16:52 (two years ago) link
mr big terminal
― lag∞n, Friday, 21 May 2021 16:53 (two years ago) link
xpost silby, that gives me an idea for some twitter content for you :)
― Karl Malone, Friday, 21 May 2021 16:54 (two years ago) link
p sure the reason you don't know what all that means is because it doesn't mean anything
― longtime caller, first time listener (man alive), Friday, 21 May 2021 16:54 (two years ago) link
idk that guy has a bloomberg terminal
― lag∞n, Friday, 21 May 2021 16:55 (two years ago) link
it's a possible bull trap. but possible bull traps also include a significant possibility of bear traps! don't look at the stock market in the eyes - look at its shoulder(s)
― Karl Malone, Friday, 21 May 2021 16:56 (two years ago) link
wait wait, hold on: "don't look a BEAR market in the eyes - look at its shoulder(s)."
there's my $1M slogan, finally
― Karl Malone, Friday, 21 May 2021 16:57 (two years ago) link
I think it's a possible coyote trap -- coyotes are like bullish bears that may change their minds and become bearish bulls
― longtime caller, first time listener (man alive), Friday, 21 May 2021 16:58 (two years ago) link
l, r; me, crypto currencies
https://i.imgur.com/4Dy2nYj.jpg
― lag∞n, Friday, 21 May 2021 16:58 (two years ago) link
my standard take of late for crypto is SOON THE SUNSPOT WILL COME AND CLEANSE US ALL
― Draymond is "Mr Dumpy" (forksclovetofu), Friday, 21 May 2021 19:54 (two years ago) link
Madoff dying was the reason why Bitcoin's been doing so well. now that there's an angel in heaven blessing Ponzi schemes the price can only go up uP UP!!!― frogbs, Friday, 21 May 2021 16:25 (three hours ago) bookmarkflaglink
― frogbs, Friday, 21 May 2021 16:25 (three hours ago) bookmarkflaglink
Oddly enough, Madoff died the same day as the Coinbase public offering which was also the bitcoin top.
― Yerac, Friday, 21 May 2021 20:27 (two years ago) link
BREAKING: DeFi100 coin exit scams, and runs away with $32 million in investors funds. Website is now updated with the message “We scammed you guys, and you can’t do shit about it” pic.twitter.com/uyeYUDgbwo— Mr. Whale (@CryptoWhale) May 22, 2021
― lag∞n, Saturday, 22 May 2021 16:20 (two years ago) link
jfc
#NewProfilePic pic.twitter.com/JrMUkryZuk— Nayib Bukele 🇸🇻 (@nayibbukele) June 6, 2021
― lag∞n, Sunday, 6 June 2021 14:51 (two years ago) link
would we like to see a global crypto contagion folks
I think there are banks that are exposed to crypto in ways far more insidious than anyone talks about.Real currency and secret "commercial" paper has to flow through banks or the whole laundry is pointless.C looks pretty sus— Mindful Capitalist #TeamFiat (@HappiestYogi) June 25, 2021
― lag∞n, Friday, 25 June 2021 14:55 (two years ago) link
crypto is going to end all that shadiness
― davey, Friday, 25 June 2021 15:36 (two years ago) link
crypto fixes that
― lag∞n, Friday, 25 June 2021 15:48 (two years ago) link
it's a relief because man the banking industry is pretty shady
― davey, Friday, 25 June 2021 15:58 (two years ago) link
y'know what, cryptocurrency is so cool i think i'll just make it my whole personality from now on
― davey, Friday, 25 June 2021 16:17 (two years ago) link
can anyone summarize for me why crypto people on social media are having fits right now?
― bezos did the dub (voodoo chili), Tuesday, 10 August 2021 17:56 (two years ago) link
i'm mostly just seeing people dunking on them for being sad, which, fair enough
― bezos did the dub (voodoo chili), Tuesday, 10 August 2021 17:57 (two years ago) link
u.s. senate is discussing regulation of crypto
https://www.bloombergquint.com/politics/outgunned-crypto-lobbyists-falter-in-bid-to-fix-broad-tax-rules
― mookieproof, Tuesday, 10 August 2021 18:11 (two years ago) link
gasp!
― bezos did the dub (voodoo chili), Tuesday, 10 August 2021 18:28 (two years ago) link
1/ Some really sketchy behavior coming out of the SEC recently.Story time…— Brian Armstrong (@brian_armstrong) September 8, 2021
― criminally negligible (harbl), Thursday, 9 September 2021 12:02 (two years ago) link