bit¢oin$

Well at least one guy made out pic.twitter.com/22O0iatayr

— warrior cop (@wyatt_privilege) May 11, 2022

/r/terraluna/ has suicide hotlines pinned at the top.

here we go, here we fucken go, let's ride this one all the way to hell

https://coinmarketcap.com/currencies/tether/

tbf though, a lot of these shitcoins are doing better than mid cap tech stocks (palantir, lyft, snowflake, shopify, peleton, etc.)

suicide and political radicalization via collapse of a pseudobanking system is not funny, but this. this is extremely funny.

Eric Adams recieved his first paycheck of $5,900 dollars. Since then, Bitcoin fell by 55%, meaning his paycheck is now worth $2,655.

However, since he pays taxes on 45% on his original $5900 paycheck, his first paycheck was a grand total of…

Negative 600 bucks

— Lucas 🧡 (@LucasOfSunshine) May 11, 2022

lmfao

Coinbase is struggling too, according to this Guardian article (see the last few paras):

https://www.theguardian.com/technology/2022/may/12/stablecoin-tether-breaks-dollar-peg-cryptocurrencies

Is total system collapse a real possibility?

imho thats always been the most likely outcome

i mean its all totally fake and insanely fraudulent

the big push to get more retail investors involved with all those tv commercials and whatnot is clearly the end stage theres not anyone else deposit money into the system after them

is there any update on this lagoon

everyone these days is asking is elon musk pumping and dumping crypto currencies in order to cover for major accounting fraud at tesla

— br◎seph (@on3ness) May 8, 2021

lol soon

the vast majority of crypto is owned by whales and while they can keep the numbers up via doing illegal things like wash trading they do eventually need real people to cash them out, once those people stop coming around what is even the point of it all

https://i.imgur.com/F3vs7Jt.png

this is the same argument every pyramid scheme/MLM uses to keep people in

"If only I bought bitcoin in 2011, I would be so rich."

No, you likely wouldn't be. You would've probably sold early because you were scared, just like you probably are today.

Holding through multiple 80% corrections takes an insane level of conviction and mental fortitude. pic.twitter.com/AisQ3PDdBd

— Dylan LeClair 🟠 (@DylanLeClair_) May 6, 2022

I find it hard to amass sympathy for these assholes but I feel like a lot of the citizens of El Salvador are gonna be unnecessarily suffering because of this and that really sucks

yeah a lot of people are going to get hurt over this wouldve been better if no one ever made a bitcoin

https://i.imgur.com/7C8apab.jpg

terra luna down 99.99% on a week ago and 99.9ish down on the opening today

does it just dribble to zero or will it suddenly go all at once?

lmao as an online poker player I know what this means

https://t.co/AZwoBOgsqS will perform scheduled maintenance for 17 networks and temporarily suspend deposits & withdrawals.

Learn more: https://t.co/xMrlyzj8xs pic.twitter.com/hOAIUA37V9

— Binance.US 🇺🇸 (@BinanceUS) May 12, 2022

haa

I think all of the crypto should be converted to commemorative tshirts and other physical items that everyone can keep long after the crypto has died mutated into an even more hideous form that no one here is even thinking about

Too many cryptofucks were obsessed with transformers and power rangers. They are going to link up the crypto crew to its final form and emerge out of the ocean to destroy Tokyo

frogsbs, can you explain the poker thing?

generally when less reputable sites perform "scheduled maintenance" amongst rumors they may be becoming insolvent there's a good chance they aren't coming back up

Gotcha, I figured something like that. lol.

yeah iirc during the infamous "Black Friday" where the FBI nabbed a bunch of the big sites the official word was "this is just scheduled maintenance"

unscheduled obsolescence

gdamn when they gonna bring back legal online poker and restock da fish

Ignition/Bovada has been pretty good over the last couple years, I'm actually a little concerned that a lot of that was crypto money

yeah i still have an ignition account actually had an insane run there like five years ago but havent played much since, its still not the same tho we need another poker boom

how about online poker but it's that one game where you put your knuckles flat on the table and then the other side slides a quarter toward the other player's knuckles as fast as possible, and the winner is whoever plays the longest

feel like legalization is coming eventually, it's so insane that half the commercials you see during a sports broadcast now are for Fanduel or whatever while online poker is still in this weird limbo

for me the trick to Ignition is getting off the Zone tables and onto the regular ones, Zone is pretty reg infested and even when you do spot a fish you don't know when they're at your table again. the regular tables on the other hand get pretty insane, even when you're not playing peak hours

xp
i don't know why i said that

i played online poker for a week and lost all $100

it's so insane that half the commercials you see during a sports broadcast now are for Fanduel or whatever while online poker is still in this weird limbo

yeah - some of the players are now getting endorsement deals with the betting companies. kinda completely weird, but maybe pete rose will get into the hall of fame now

RIP Crypto.com Staples Centre, we hardly knew you

a perfect metaphor for the death of crypto pic.twitter.com/0VhYPfXoRF

— 𝐒𝐚𝐬𝐡𝐚🔪 (@tinywienerbabe) May 11, 2022

rip big man

The Terra blockchain was officially halted at a block height of 7603700.https://t.co/squ5MZ5VDK

Terra validators have decided to halt the Terra chain to prevent governance attacks following severe $LUNA inflation and a significantly reduced cost of attack.

— Terra (UST) 🌍 Powered by LUNA 🌕 (@terra_money) May 12, 2022

xp: wish that was real.

astonishing graph. this stuff made it all the way to $90 and is now worth literally a penny

https://i.imgur.com/mUvT7LD.png

I know it’s uncharitable of me but: have fun being poor, crypto fucks.

astonishing graph. this stuff made it all the way to $90 and is now worth literally a penny

I mean under some theories of value it was always worth literally a penny

https://i.imgur.com/hQi29bn.png

buy the dip.

https://www.afr.com/wealth/personal-finance/the-great-crypto-ponzi-scheme-finally-crashes-20220513-p5al0q

Paywalled, but I had success with refresh then stop loading page in Firefox.

According to credible Korean news site Money Today, Do @stablekwon requested to police for emergency protection as investors have been visiting his house.
https://t.co/3rUsjUBGCp

— Doo | StableNode @GoblinTown (@DooWanNam) May 13, 2022

pretend money leads to real life mob

Crypto is not pretend! Don't you get it? It is going to make transactions faster! Just you wait and see, mister.

i mean all money is pretend

this pretend money is also unregulated

(laws are also made up)

money has an army

thats right