After another bloodbath /r/Cryptocurrency begs users not to keep themselves safe

139  2018-01-16 by AnnoysTheGoys

116 comments

Avoid parenthetical insults—they just diminish your authority. Throughout the post, you're best points seem to be lost in a sea of self-aggrandizement and scattershot thinking

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Muh funny money!

I just learned that some special Olympics winners buy crypto with credit card.

I'm hoping this actually causes the next depression and the civilization that rises from the ashes bans computers to prevent basement dwellers from ending the world again.

some special Olympics winners buy crypto with credit cards.

Oh there's even worse

Is that a fucking direct bitcoin loan?

It was a fucking direct bitcoin loan

holy shit lol i love you for bringing finding this drama

basement dwellers

you mean the people that browse this sub?

Would you like to invest in DramaCoin?

You know I can't afford it after what happened today.

We accept tendies and lolcow milk in payment

I've already liquidated all of my assets to invest in something that reddit calls Garlicoin which I'm sure will turn out no controversy at all.

How many Reddit Notes to purchase one?

Yes.

My neet cave is in the ground floor of a shitty duplex that I pay rent for, thank you very much

no u

Ouch. Right through the heart.

Self-loathing is our specialty

special Olympics winners buy crypto with credit cards.

But wait there's more!

Should I buy some buttcoin now?

Dramacoin. Everybody needs what we're selling

Can I buy sterons with it? If so I'd like 1000 pls.

Can I buy sterons with it?

Probably the most practical use tbh

No. Instead go set 50$ on fire, you'll thank me later.

Yes, actually. Buy low, sell high.

You think 10 k is low? Lel

As compared to 14k? Yes. You buy a full 10k and it goes back up, you just got quite a return.

Quick take a bridging loan out.

Yeah, and if it goes to zero you're out 10 grand.

This shit is ridiculous.

Might as well go down the casino and put $10k on black. If it comes up black, you just got quite a return.

Money's money and it was easy money for a while. Sorry you missed out, but no need to be upset.

Money's money

~ Advocate for alternative, non-money-based synthetic financial instrument

I'm talking about making money, I don't give a fuck about long term adoption. Sorry you missed out.

Are you just figuring out investing is just fancy gambling? Buttcoin is the roulette wheel

Buttcoin isn't investing. If you buy a stock, you're part owner of a (hopefully) productive company. If you buy butts, you got Chuck E Cheese tokens.

Buy high, sell low.

Yes, best time to buy it.

No, litecoin or ethereum have much much better prospects, bitcoin is like the prototype for those 2 and it's also on a downward trend.

Invest in BussyCoin

Just give me your money and then kill yourself.

Fuck money and fuck you if you want to kill yourselves over losing it.

I don't recognize any form of currency or debts.

Yeah I only use beanie babies for transacting.

So frustrating that more businesses don't accept them. That's why r/drama gets so much of my business.

I AM A SOVEREIGN CITIZEN AND I DON'T ACCEPT YOUR CURRENCY! In fact, you're under citizens arrest for trying to collect on debt from a freeman of the land!

I would upvote you but I do not wish to create joinder.

Oh no I have to buy off brand hot pockets now, I'd rather kill myself than live in this poverty

You're a slave to materialism and will always be.

none of this would be happening if we hadn't abandoned the gold standard

None of this we happened if we had let the Jews screw us first

Not true, the gold standard is as stupid as bitcoin.

If you honestly thought you could get rich trading internet beans rather than actually working, you should unironically kill yourself.

Dank maymays are my only legal tender.

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It's not a real dip till this gets stickied to the top of the buttcoin subs it happened the first time round.

Jesus Christ

Down 30% in one day on the low end and over 50% on the high?

That's "our latest shipment of toys were replaced with razor blades and proof of our embezzlement" levels

At least Acme Toys, Razorblades and Rat Poison LLC has actual assets that can be auctioned off in Chapter 7. I don't imagine creditors are going to have much successes collecting from the BTC crowd. Both sides of that transaction are about to get what's coming to them.

Lol get urself educated, they can auction off their links in the blockchain, duh!

You can tell people are making millions of real dollars off of this bubble due to the huge price fluctuations. Buy some ETH at $1000 and sell at $1100 thing is a roller coaster and this has happened multiple times today alone.

That's if you can find sellers and buyers. Timing is everything, I imagine. Sell during a rush, and buy during a sell-off.

Don't be a pussy, buy the dip you fucking cuck.

If the behavior of cryptocurrency fanatics seems bizarre, keep in mind that bitcoin mining can cause brain damage.

Can I get a quick rundown

Idiots lose money.

Quicker

Autism

Perfect

I lose money but at least I get to see puppies chase a fake rabbit.

Sounds fun good old longboyes love chasing shit.

Can I get a quick rundown

-Rothschilds bow to Bogdanoffs

-In contact with aliens

-Possess psychic-like abilities

-Control france with an iron but fair fist

-Own castles & banks globally

-Direct descendants of the ancient royal blood line

-Will bankroll the first cities on Mars (Bogdangrad will be be the first city)

-Own 99% of DNA editing research facilities on Earth

-First designer babies will in all likelihood be Bogdanoff babies

-both brothers said to have 215+ IQ, such intelligence on Earth has only existed deep in Tibetan monasteries & Area 51

-Ancient Indian scriptures tell of two angels who will descend upon Earth and will bring an era of enlightenment and unprecedented technological progress with them

-They own Nanobot R&D labs around the world

-You likely have Bogdabots inside you right now

-The Bogdanoffs are in regular communication with the Archangels Michael and Gabriel, forwarding the word of God to the Orthodox Church. Who do you think set up the meeting between the pope & the Orthodox high command (First meeting between the two organisations in over 1000 years) and arranged the Orthodox leader’s first trip to Antarctica in history literally a few days later to the Bogdanoff bunker in Wilkes land?

-They learned fluent French in under a week

-Nation states entrust their gold reserves with the twins. There’s no gold in Ft. Knox, only Ft. Bogdanoff

-The twins are about 7 decades old, from the space-time reference point of the base human currently accepted by our society

-In reality, they are timeless beings existing in all points of time and space from the big bang to the end of the universe. We don’t know their ultimate plans yet. We hope they’re benevolent beings.

Enjoy it kids, this pasta classic is as rare as it is delicious

-Ancient Indian scriptures tell of two angels who will descend upon Earth and will bring an era of enlightenment and unprecedented technological progress with them

2/10, there are no angels in Indian mythology. Really broke immersion there.

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Two things. I need the number in Canada ,and two, it's not for me....more for my wife, so they can talk her out of killing me

How fucking dumb do you have to be to spend the family money on invisible meme dosh.

The dumb part was not cashing out when the idiot pumpers brought the price up to 15k

I doubt you know what you're talking about. I assume you're referring to bitcoin which went to 20k. There is always a dip at the start of the year and it's always recovered. Also the thing most people are worried about is their favorite alts getting totally flushed not BTC. Things will be good again very soon.

Feel free to mock me in a month if crypto dead. Won't be though

I admire your faith if nothing else.

The market works in mysterious ways.

My last big buy in was when bitcoin was trading at 1.2k, so while I regret not cashing it out during the last spike, I'm not exactly gonna jump off a bridge. Did cash out the bitcoin cash at the spike, so meh? I had cashed out the Etherium and Litecoin at the right time, but should have waited longer to buy back into Litecoin, didn't realize it was going to drop this low. But I only bought back in with the profits from the first time so I'm not out much, more just missed opportunities. It is tempting to ride the waves of peaks and valleys, but pretty easy to just hold.

didn't realize it was going to drop this low.

How can you possibly know what the next move will be? The confirmatiin bias in traders is off the charts.

Well new year (normal downturn) and futures trading and a couple of articles made me anticipate a big hit to litecoin, plus it's obvious to anyone who trades that it all was a demand bubble. And crypto currencies experience a lot of them. Which is why they are easy to make money off of and just as easy to loose if you aren't careful. In terms of steady demand for bitcoin (and cryptocurrency in general), most people and orgs are going to be cautious with it as they should be. It probably won't be adopted as a "good" means of currency as a lot of the pieces that make it a nice medium for trade can and will be integrated with normal currency, I mean it isn't like it's hard to use dollars online or in other countries, but there'll be some steady demand as the hodl community continues to buy up coins as a means of wealth accumulation (great until they all retire or try to cash out at the same time) and people buying for market speculation. We've seen the "end of bitcoin" tons of times in the past, when various countries banned it or tried to regulate It, etc. Either way, if litecoin drops off the market I'll still have made a pretty penny off of It with what I've done so far, and even if bitcoin drops down to 3k before I sell it I'd have a pretty good ROI for the time frame though I would probs often lament that I didn't sell when it peaked at 20k cuz I wanted to wait until next year for tax purposes. Still this is just for funsies, it isn't like I'm gonna lose my house or 401k or like I'm gambling with my Roth IRA. I've only stuck money into it that I could afford to lose. Like when I bought Netflix stock. Held it for a while cuz I believed in their business model and leadership and got pretty lucky.

No one "knows" what something is going to do, but it isn't like it is hard to make decent educated guesses.

Markets can remain irrational longer than you can remain solvent. I could probably pick a few winners too, but my engineering mind doesn't like relying on hand wavy variables and making money off worthless ticket arbitrage.

Markets can remain irrational longer than you can remain solvent.

Lol, given that my debt only consists of a property loan that is almost paid off, the difference between my assets and debts is pretty large. For me to become insolvent would mean somehow rural real estate completely collapsed in value, which isn't exactly a high demand rapid moving market, I lose my job and can't get another that pays even poverty wages, the company that manages my 401k somehow completely collapses, the value of the dollar falls to nothing, and somehow my bank goes under and FDIC insurance doesn't work. Plus several fortune 100 companies would have to pretty much cease existing. And people would have to stop eating cheese. I'll be okay. If I become insolvent I'm pretty sure debt would be far down on the list of things to worry about when compared to wandering bands of cannibals.

But the "engineering mind" comment, Lol, investing in dramacoin like a good aspie! Do you not have an engineering job to go with it? Or are you less than 21 years old? I studied materials engineering in school, worked it for a few years before moving on to business.

Yeah I mean that phrase is a principle of trading, not that it applies in every individual situation.

I bridge the gap between programming and art. I used to pure programming, but my true passion lies in management. I want to build companies based off the most solid principles I can and then reason up from there.

I can see how you can profit off risk management as applied to many different share/currency/trading mechanisms. But it seems a bit vapid to me. But if you like it, more power to you!

Things will be good again very soon.

Tell me more about your tulip-scented beanie babies.

No idea about any of the coins currently being sold but in general I think cryptocurrencies will become a fixture in the future. It's already clear they work as a way of paying for goods and services, but the idea they'll just go up in value is a little weird.

Why would a random coin be worth anything? The only value is in block chain and you can just make your own proprietary one.

The idiot part was getting in with an important sum of money. Given how difficult and slow cashing out can be, even if have a crystal ball you can easily get burned.

imagine how good it feels right now to be someone who make a shit ton of money and sold at like 18k and now knows they did the right thing and didn't lose out on a ton more money like the victoria's secret cuck

A year from now you'll be talking about the cucks that sold at 18k. I guarantee it.

The huge pile of dead bitcoiners. Beautiful. Very Beautiful. 😍

This is good for Bitcoin.

THE ENTIRE UNIVERSE WILL RUN ON BLOCKCHAIN TECH IN 2019!!!!!!! JUST WAIT!!!!!!!!!!!

ETH is still going strong. :)

It's down like 40% from yesterday's close whatchu talking about willis?

Just a minor correction.

This isn't the first time this happened and won't be the last.

Idiot newbs who have no idea what crypto even is investing their last savings because of FOMO. That's how you get fucked in the ass.

This has already happened many times with bitcoin.

https://www.reddit.com/r/Bitcoin/comments/1c51ck/i_think_this_subreddit_should_seriously_consider/

https://www.reddit.com/r/Bitcoin/comments/1t5qdu/suicide_prevention_post_if_you_have_made_bad/

This isn't the first time this happened and won't be the last.

The drama is delicious every time tho

Yea a bitconnect YouTube that/ promoter cried on stream watching prices. Great clip to find to post here but I don't know where it is ;(

Pls find. Godspeed

Names trevon James but seems like it's been removed. I'm sure it's somewhere I'm just not savvy enough to find it.

Losing money isn't the end of the world, it's just money, there are more important things in the world. As long as you have your health, that is the single most important thing.

u/5tr4nGe mothafucka you think healthcare just grows on trees? Health ain't a fuckin' binary choice. Money be used to keep ya healthy. Think a fat cracka like Trump would still be alive if he don't have money for his pills? Think motherfuckin' Dick Cheney gonna keep getting new hearts if he don't got no money?

Hahahabahhaha oh my god this is so good. I have like 30$ in some shitcoins so I don't really care, but lmao at those idiots who took out loans and bought bitcoin.

Check out r/bitconnect for some real schadenfreude

looks like it's gone dark

Ah, well I'll summarise some of the top posts:

  • Class action lawsuit megathread
  • Suicide Prevention Hotline
  • Good luck trying to sue thin air, morons
  • Literally Shaking Right now (the content of this post is the 'mom just came into my room' copypasta)

etc etc.

Lots of trolls, lots of people who lost way more than they could afford to.

I'm tasting notes of Dutch tulip, with hints of silver and Las Vegas mcmansion

Funny, I am detecting beanie babies.

A fool and his money are soon parted

Oh man I've been giving out the wrong number. I've been giving out 1-800-867-5309

Jenny's a good counselor

Hah just looked at the prices. What a day for crypto!

When I die bury me on your toolbar between pornhub and whatever website it is that these scalliwags use to trade fake money.

Bitcoin has not lost value. One bitcoin is still one bitcoin. This is just a temporary adjustment in the exchange rate to obsolete fiat currencies. Calm down.

Borrow money

Buy high

Sell low

Cry

Shitpost

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