liop7HitFlyer
153984
2716
70
R r r r r r r reeeppppooooossst t t t t t T
Feb 10, 2018 7:13 PM
liop7HitFlyer
153984
2716
70
R r r r r r r reeeppppooooossst t t t t t T
HeadlessFancy
Came across this as my son is sitting next to me watching an Elmo's World dvd. What the precise fuck.
Milkyshot
Thank you for memes like that. It's hilaroius !!
DerekCosmospossibly
David Dobrik!!!!!
SoludisSnake
https://youtu.be/KTf5j9LDObk relevant
geoofry
Sauce???
prattleassassin
Market corrections in a nutshell
IwentLookingForWhatTheBiggestIdiotHasToSayAndHereYouAre
nah, not nearly random enough. This indicates that the rise and fall would be way more linear and predictable.
SlothOfSpeed
You’re right. A lot is missed. But it’s just a gif. All those prices are from the last 3 months. It shows the rise and dip that occurred
Agudolorgie
Josh got hot yo
ArthurPhillipDent
My dad got a decent lump sum from some. He had loads left but he already made loads more than ge paid for them all
Luckyanomaly
I think your kids kids kids kid will be happy with your dad’s choices.
SPECTREagent
Some Russian scientists got busted for trying to use a gov supercomputer for bitcoin mining http://www.bbc.co.uk/news/world-europe-43003740
shrox
My buddy has 251 bitcoin so I wonder how he feels right now. He probably made and lost so much money. He’s been holding since 2013 though.
IrishVen
im sure he is doing alright, he paid around $300 a coin in 2013
BenSnow97
When cryptos go up, miners screw with the gamers. When they go down, miners fuck it up for GPU manufacturers.
SankariSuomi
Dat schadenfreude, tho.
Rotblut
NeedMoreSl33p
Go for Bitcoin Cash
hdhfjyksjd
Bcash*
BenSnow97
Why?
Individualsocksinthewashingmachine
I've no real idea how bitcoin investment really works but the fact I keep getting emails telling me to invest in it, tells me I shouldn't.
Reaper116
it's a new market that made it mainsteam, so its natural scammers will jump on peaple trying to get into it
Individualsocksinthewashingmachine
Yeah, I'll just file it under "don't bother" tbh.
ChefMIKErowave
The top post on r/cryptocurrency was a suicide hotline number post when the prices had a small dent, fucking bull
Binsto
"small dent" marketcap basicly dropped 75% , if you got in at an ATH that hurts (well if you overextendd)
ChefMIKErowave
you're thinking of the wrong thing i'm pretty sure, it didn't drop by 75% and everyone knew it was going to be at-most for a week
Binsto
MC was 750 billion, lowest point was around 250 billion , talking about overall marketcap, also BTC was at 20k , now it's around 8-9k
ChefMIKErowave
for the drop i was talking about it was around 12-10 i believe, then it dropped to 9 for like a week, went back then dropped again
notacobra
You know what bugs me about bitcoin? At every point during it's rise, investing in bitcoin was a provably bad decision, except that 1/2
notacobra
It ended up being a financially good outcome right up until recently. Mob Mentality makes economics hard when the mob is moronic. 2/2
SirBrendan
This one was surreal. It's not an investment that bubbled; they invested into a bubble, deliberately.
lugasss
Even now after a >50% drop is still up 800 % on 1 year range. Anyway you can t lose money if you don't sell (and 1/2
lugasss
And if you invested what you could afford to lose ), maybe creating a portfolio
hdhfjyksjd
It dropped to levels last seen around thanksgiving. Unless you got in after that, you’re still up
BenSnow97
Unless you got out, you still only have imaginary money. You still can't use BTC like real money, and no one guarantees it won't go lower.
hdhfjyksjd
I can convert it to USD, EUR or gold at a moments notice, or send millions across the globe for $0.02. So “imaginary”
BenSnow97
Yes you can, right now, but it isn't real until you do so. If it was, well, you lost half of it last month.
SoftcoreFavorites
Bitcoin is human stupidity at its finest. Endless currency.
MaladaptedMedic
Endless?
DSM20T
...........dear God man.
tehdonno
Endless?
insertsupercoolusernamehere
Gold or salt standards were just fiat backed by perceived rarity, same diff as setting a limit on maximum coin amounts.
KrystenRitterEyeRoll
This comment is fucking amazing because you started out so right and ended up so, so wrong
thefrompleman
started it with a b?
SmolTenk
endless?
zanzeh
Awww, poor muffin... he doesn't know what currency is...
manimatr0n
Neither does anyone involved in cryptocurrency. Last time I checked, my awful terrible fiat currency didn't fluctuate like Beanie Babies.
zanzeh
Amen...
hdhfjyksjd
Ignorance at its finest - supply is limited to 21 million
dukebound85
Except there are infinite crypto currencies
SIMPalaxy
Well they can be split into like billionths but yeah.
hdhfjyksjd
100,000,000 Satoshi = 1 btc. Divisibility does not make it ‘endless’
SIMPalaxy
"But yeah"
WorldsSmallestMegaDick
The problem is there's like 200 copies of it
hdhfjyksjd
There’s only a handful of true copies, each with perceived improvements (higher capacity, lower fees, or ASIC resistance). 99% are BS, tho
TheSwedishCryptid
As long as you can split it up. The "cap" doesn't really matter. Eventually it'll be like 1 trillionth of a bitcoin would be standard.
hdhfjyksjd
The dollar can be split up and we don’t have endless dollars due to that particular fact Smallest unit is 1 Satoshi, or 1/100,000,000 btc
TheSwedishCryptid
So far. It can probably be split up more. Btw have they've solved the problem with lost private keys? As to explain if someone dies 1/2
hdhfjyksjd
It’s not really a ‘problem’ that’s just life. It’s priced daily and that price incorporates all the lost btc
TheSwedishCryptid
and owning a lot of bitcoins (Or just overtime a lot of owners of bitcoin/privatekeys dies) how will those bitcoins be recovered?
hdhfjyksjd
They wont be recovered, so in reality it’s <21 million. As to how many have been lost forever, no one really knows
mardukkur
It's amazing people don't understand how stupid it is to have a "currency" that's deflationary by design.
hdhfjyksjd
It’s more of a commodity than a “currency” brah. Gold does just fine
mardukkur
Yes, it's a commodity but with zero practical value, unlike gold which is used in many industrial processes. Not even as useful as tulips.
hdhfjyksjd
A trustless, permissionless, private source of value exchange has “zero” practical value, got it