bit¢oin$

I often wonder "how long do bubbles take to burst," and the answer ALWAYS seems to be "just a few months past when I get exhausted by waiting and stop giving a shit."

I feel a lot of conflicted emotions over the whole "regular people are getting screwed" "but a lot of them are those assholes" thing.

I just talked a friend out of investing in a "defi" crypto-lending thing she sent me info about. I was like "can you explain to me what this actually is or how it works?" and she couldn't, so I said to please not invest in something she couldn't understand. And this was an educated person who actually understands investments pretty well, so I guess anyone can be vulnerable to it.

Like a few weeks ago, right before the crash

does ilx have a character limit per post now?

depends

on

the

strength

of

the

characters

(sorry)

(crypto sucks btw)

i tried watching line goes up again and i don’t understand how anybody handles that rapid-fire singsong youtube explainer voice for more than 5 minutes at a time, it’s completely unbearable to me

So far, there are no indications that Mr. Bukele plans to change course. On Monday, he said on Twitter that El Salvador bought 500 bitcoin at an average price of $30,744. “El Salvador just bought the dip!” he added. Bitcoin traded at $29,745 on Friday.

what’s that word for when something is funny yet also incredibly horrible

tragicomic or sad lol

there is so much that is bad about that guy that i can't even lol at him

Miami's mayor-backed MiamiCoin https://t.co/BfyteN1oTt

— Nathan Bernhardt (@jonbernhardt) May 16, 2022

CZ admits Binance lost $1.6 billion due to Terra collapse in bizarre tweet threads

May 16, 2022https://t.co/hQqBytHWbp pic.twitter.com/duDc2YXTr2

— web3 is going just great (@web3isgreat) May 16, 2022

1/ Statement analysis is one of those "soft skills" that is important in life. It served me well as an FBI Agent, and continues to inform how I make decisions. Some friends highlighted a thread recently which made my antenna go up. BLUF: I'm not accusing anyone of a crime, but... pic.twitter.com/HRf2vPBwdN

— James Harris (@jimeharrisjr) May 16, 2022

looking forward to the Netflix show where "James Harris"'s own sanity is pushed to the edge while analyzing the tweets of bitcoin sociopaths for the fbi

"sus"

14/ "Oh, I remember that night—I was on the internet all night. I have dial-up internet service, so I'm sure [my ISP] logs will confirm that."

Asserting you don't know something bad, but then suggesting it's true—and then suddenly remembering who might have evidence is "sus."

— James Harris (@jimeharrisjr) May 16, 2022

Doesn’t seem great

#Terra_Luna $UST $LUNA

It appears an inside job was allowed to be carried forth to bail out a whales all while the retail bag holders got incinerated. 🔥

Massive class-action / criminal proceedings possible with this. 👇https://t.co/M3OCNGxB0D pic.twitter.com/qP3XvNQQSd

— Paolo the Parrot 🦜 (@realPaulSantos) May 16, 2022

I would love to see these cyrpto fucks put through the ringer courtesy of an old SDNY judge with an aol email address and the FRCP. And if it's bankruptcy, the trustee would be able to claw those transactions back, no?

those exchanges and the whales they cashed out are one in the same you gotta think

https://www.washingtonpost.com/business/2022/05/18/fbi-eminifx-crypto-pyramid-scam/

The Washington Post personal finance columnist wrote an article listing the similarities between recent cryptocurrency offerings and classic Ponzi/pyramid schemes.

The web service that feeds advertising to washingtonpost.com inserted ads for Unicoin, "A new-generation cryptocurrency."

Unfortunately due to a vastly uneven ratio of men to women who signed up for our waitlist, we have decided to put the BAYC dating app on hold indefinitely.
Too many bros!

We sincerely appreciate your interest and support.https://t.co/PozZOCph0y

— y4k (@y4kxyz) May 12, 2022

getting close to that 2018 high baby

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

lol. Last time I had looked it had just dipped below $30K.

Every. Time. I. Look. It. Just. Keeps. Getting. Better.

not only schadenfreude either, thinking a lot about all the emissions to be saved when it falls below the cost to mine

JUST IN - Binance, one of the largest crypto exchanges in the world, temporarily halts #Bitcoin withdrawals.

CEO says they are "fixing an issue."

— Disclose.tv (@disclosetv) June 13, 2022

Bitcoin price plummets below $25K following Celsius freeze https://t.co/zxKYrCWbvp pic.twitter.com/HLRWF54GTr

— The Verge (@verge) June 13, 2022

freezing out there

down another thousand

22,893.80USD
−3,661.20 (13.79%)today

funds are safu baby dont worry

Temporary pause of $BTC withdrawals on #Binance due to a stuck transaction causing a backlog. Should be fixed in ~30 minutes. Will update.

Funds are SAFU.

— CZ 🔶 Binance (@cz_binance) June 13, 2022

well that’s reassuring

safe as fuuuuuuuuuuuuck

Funny how when these things collapse there are “technical issues” about withdrawing your money all of a sudden.

inevitably someone examines the logs and the exchange will have done some shady shit during the downtime

hey everyone, we're just going to turn off the lights for a minute here!

~rustling noises in the dark~

everyone calm down, it’s possible that this is just the bank experiencing a liquidity crisis pic.twitter.com/MFqODE2TJP

— warrior cop (@wyatt_privilege) June 13, 2022

I’m going to buy eth when it hits 5 bucks.

where does this end up, fundamentally crypto should be worth nothing or just pennies because it has no utility outside black market transactions which dont require it to be worth more than pennies, but there are people who own a lot of crypto who are willing to pump it in order to dump it, however you do need suckers to dump it on, so crytpo will go to ~0 once all the suckers are used up, when will all the suckers be used up, i guess once crypto is universally seen as a scam, not sure how close to that we are, maybe pretty close idk kinda depends on if the pumpers can stabilize and reinflate the market soon, if it just keeps going down losing 95% of its value and so forth kinda think its over

uh so i saw the winklevoss twins' band? tonight? like, it's really them pic.twitter.com/xVqYwQrztL

— Arch Nem (@arch_nem) June 10, 2022

💀

The best band money can buy

winklevoss twins covering Rage i’m actually losing my mind pic.twitter.com/wVvIEqDLxR

— connor scully (@Sculliosis) June 11, 2022

why hasn’t anyone eaten the rich yet

too skinny

like everyone says “eat the rich” and we all agree the rich must be eaten but somebody needs to just pick up the knife & fork and go at it already

not it