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Vancouver Off-Topic / Current EventsThe off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.
Live stream of people talking about getting rekt. One guy in the states has 20 S9 miners that he has turned off because they cost more to run then they make. He also has some investors that gave them money and he was going to buy 100 1080ti's and start a farm. One person suggested renting an apartment that has free hydro and mine there.
Thank God I didn't sell.
Hodl is what they all say
Impossible to time the market, but you wouldn't really want to sell after something has dropped 50 percent plus, especially if the fundamentals haven't changed.
I'm honestly surprised the SEC/CTFC hearing went as well as it did.
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Owner of Vansterdam's 420th thanks. OH YEAUHHH.
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Originally Posted by 89blkcivic
Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL.
I almost wish I had the balls to ride these valleys/peaks on the way down.
But I'm just sitting on the sidelines again, waiting for a buy.
BTC seemed to bottom at around $5800. It went to $6300 in a matter of moments after.
I would say if you're waiting for another dip, anything around 6-7K should be fairly safe. But if you're in it for the long run, it's going to appreciate regardless of where you buy in right now short of the entire world banning crypto.
__________________
Quote:
Owner of Vansterdam's 420th thanks. OH YEAUHHH.
Quote:
Originally Posted by 89blkcivic
Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL.
At bitcoins height and reading the following post at the time, i advised my brother to sell his long time saved coins to start a business but he didnt listen and is out 50k had he sold.
Spoiler!
12-07-2017
Quote:
Dear Phaggos:
I learned how to read last week, so have been researching this BTC and how CME futures might impact it. The more I research, the more I am convinced that this is a bad thing for the price, not a good thing. My stance has changed quite a bit. First, we must look at how the CBOT started, and it's purpose, because the CME is tied to the CBOT.
The Chicago Board of Trade was started to save farming in this country. After the civil war and Lincoln was assassinated, you had all these farmers ejaculating over the current price of corn, then growing that corn, and when it was time to harvest the corn, prices had TANKED. Why? Because you and all your butt buddies decided to grow corn, so now there is a huge amount of corn for the cornhole out there. Supply\Demand. So, what are we gonna do now, Kuntface? Well, I'm gonna grow some wheat, because I see the price of wheat is high, but then what happens when it comes time to harvest the wheat and sell it? Oops, me and my phaggos all grew wheat, so price of wheat is low, we're losing all KINDS OF MONEY beyotch ! ALL KINDS. Again, Supply\Demand. Ok that's it, we're losing all kinds of money in farming, so we're all gonna quit our jobs, move to NYC, and become bank tellers.
So, Congress goes WHAT THE BIZNATCH? We're gonna run out of farmers and everybody is gonna starve. We have to save farmers or nobody is gonna grow crops and we won't have anything to eat. So, we're gonna allow the public to speculate on the price of these crops, and we're gonna build a BB.COM forum in Chicago for all our phaggo miscer normie speculators, and we're gonna call it the Chicago Board of Trade. Now, some miscer can go to the CBOT and buy a contract of Corn, and one contract is 5,000 bushels. So, why would a miscer be interested in buying a contract of corn? Because he wants the price to increase in the future so he can sell the contract to someone else at a higher price, you dumb bish ! When is the expiration date of the corn? Well, it could be 3 months from now, 6 months from now, 1 year from now, etc., depends on what date of expiration you choose for your contract. You just need to sell your corn contract before it expires, otherwise you own 5,000 bushels of corn and have no place to put it, bish. So, when you bought the contract of corn, YOU PAID THE FARMER that grows it, miscer ! The farmer gets paid and doesn't care what the price is in the future, because his corn has already been bought. This is how our government saved farming in the USA. Is it really this simple? Of course not, son. It's far more complicated than that, but I'm not here to write a book about the intricacies of commodity trading while you're having anal sex with your ho. I've given you the bottom line, the big picture.
So, that's how our government saved farming---by controlling the drastic price fluctuations of commodities. They wanted to stabilize and control the prices son. Now, why are they introducing tradeable futures of bitcoin onto the Chicago Mercantile Exchange and onto the Chicago Board Options Exchange? FOR THE SAME REASON. Whenever they introduce something into the CME or CBOE or CBOT whatever, it's to control and stabilize the prices son. They want to stabilize the price of bitcoin. Now, why do they want to stabilize the price by allowing people to buy futures contracts of bitcoin? Well son, my guess is that they want to stabilize the price because they are afraid of these crypto currencies messing with the DOLLAR, sons. So, they want people to be be able to come in, short the PISS out of it by shorting a huge amount of contracts, which will control the huge rally bitcoin is experiencing, because that controls sentiment. When people see Bitcoin futures tanking, they worry about their "real" bitcoins on the exchange, so they then start worrying about their ETH, so Ethereum tanking too, and then their Monero, or LiteCoin, etc. etc. etc. all the other 1,000 crypto currencies out there. Sons I am bailing on half my shiz. My average buying price for all my shiz on BTC has been 7300 and I'm bailing on half of them. Bailing on half my ETH too and I've only experienced $100 per coin growth on ETH. Gotta do it sons.
So, cliff notes are as follows:
1.)Suck my micro penis
2.)When tradeable futures of BTC start on the CME on December 18, it's not going to be good for the price. Within 3 months, prices will be much lower
3.)I am the world's foremost expert on expertness
Has anyone heard of the Monaco card? It's a Visa that you you can pre load with crypto from what I understand and is accepted anywhere Visa is. You also get 2% crypto back on all purchases.
Has anyone heard of the Monaco card? It's a Visa that you you can pre load with crypto from what I understand and is accepted anywhere Visa is. You also get 2% crypto back on all purchases.
Yes, there was some controversy regarding Monaco in the past. The team hyped up their project as a VISA partnership, but it turned out to be a pre-paid card and the price tanked. IIRC, shortly after that, the CEO was on the verge of quitting or something like that.
But anyways, I think the card is still in testing. Not sure how the entire process of applying for the card works nor how conversion works. I'd assume you load up MCO onto it and charges are converted from the local fiat to MCO at the time of transaction.
__________________
Quote:
Owner of Vansterdam's 420th thanks. OH YEAUHHH.
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Originally Posted by 89blkcivic
Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL.
There's tons of cards like that. I have one from ANX. It sucks. When I got it, I thought you would use it to buy with USD and it would just pull from whatever BTC is in your account. Instead, you're basically just selling bitcoin to them (at a price worse than their trading platform) and putting the cash onto a card.
You can go to any 7-11 and buy a prepaid card with cash, skipping the bitcoin step.
At bitcoins height and reading the following post at the time, i advised my brother to sell his long time saved coins to start a business but he didnt listen and is out 50k had he sold.
Spoiler!
12-07-2017
Your brother is smarter than you, who would have guessed
There's tons of cards like that. I have one from ANX. It sucks. When I got it, I thought you would use it to buy with USD and it would just pull from whatever BTC is in your account. Instead, you're basically just selling bitcoin to them (at a price worse than their trading platform) and putting the cash onto a card.
You can go to any 7-11 and buy a prepaid card with cash, skipping the bitcoin step.
If you have a bunch of crypto you can put it on the card and spend it. Otherwise, you have to sell the crypto for fiat, wait for it to arrive then go buy a prepaid Visa.
__________________ Until the lions have their own historians, the history of the hunt will always glorify the hunter.
Not speaking for the shitcoins and altcoins, but IMO bitcoin will never crash or die. To do so, it will have to be literally replaced by another crypto for some reason, as the defacto way to spend unregulated money online.
And if that hasn't happened yet, with the crazy high transaction fees and times we experienced, it never well. BCCash tried to do it, even stealing the Bitcoin name, and they failed.
So it's not getting replaced, and since there is a limited amount of bitcoin that will ever exist, it can only go up in value.
Again this isn't referring to the dumb ICOs that try to find a reason to exist, throwing fancy buzzwords and name brands to get people to buy in. This is a method of payment that has existed for years now, that people use regularly to buy things that they can't with credit cards/paypal, or transfer money to places that it was otherwise very expensive or difficult to do.
If you want something you can hold for a very long time, it's bitcoin. Otherwise cash out, pay your tax, and forget it ever existed
If you have a bunch of crypto you can put it on the card and spend it. Otherwise, you have to sell the crypto for fiat, wait for it to arrive then go buy a prepaid Visa.
Good point, getting one of these would get around the tax issues..
__________________
Quote:
Owner of Vansterdam's 420th thanks. OH YEAUHHH.
Quote:
Originally Posted by 89blkcivic
Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL.
since there is a limited amount of bitcoin that will ever exist, it can only go up in value.
that is not true. just because something is limited doesn't mean the only direction it can go is up.
otherwise all the elements in the universe would be constantly increasing in value.
it can easily just go sideways in a range, for years and years and years, or even down if less and less people use it.
and technically it is limited... but you can just keep adding decimal points to it to make it "unlimited"... almost like how stocks are limited... but you can just keep splitting them.
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