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Thread: Bitcoins are officially donkdown

  1. #8481
    Plutonium sonatine's Avatar
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    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  2. #8482
    Plutonium simpdog's Avatar
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    The great btc depression of 2025 is now over.

    BTC holders suffered for an astonishing 8 hours. Hope they can mentally recover. God speed

     
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      country978: thoughts and prayers

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    Diamond Tellafriend's Avatar
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    am i the only one astonished that the US govt has allowed and is now encouraging these coins to compete with the USD? just days ago Trump understandably chastised the BRICS countries and threatened tariffs if they continued to develop it. and in responding, pls do say well trump is a dumb ass - i will concede it, but there are far too many smart people who are otherwise involved. or am i the only one who sees bitcoin as competition?

  4. #8484
    Plutonium sonatine's Avatar
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    Quote Originally Posted by Tellafriend View Post
    am i the only one astonished that the US govt has allowed and is now encouraging these coins to compete with the USD? just days ago Trump understandably chastised the BRICS countries and threatened tariffs if they continued to develop it. and in responding, pls do say well trump is a dumb ass - i will concede it, but there are far too many smart people who are otherwise involved. or am i the only one who sees bitcoin as competition?

    i know it seems very partisan to say 'well trump appears to be deliberately devaluing the USD in every single way he can imagine' but he does appear to be deliberately devaluing the USD in every single way he can imagine.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

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    Quote Originally Posted by sonatine View Post
    Quote Originally Posted by Tellafriend View Post
    am i the only one astonished that the US govt has allowed and is now encouraging these coins to compete with the USD? just days ago Trump understandably chastised the BRICS countries and threatened tariffs if they continued to develop it. and in responding, pls do say well trump is a dumb ass - i will concede it, but there are far too many smart people who are otherwise involved. or am i the only one who sees bitcoin as competition?

    i know it seems very partisan to say 'well trump appears to be deliberately devaluing the USD in every single way he can imagine' but he does appear to be deliberately devaluing the USD in every single way he can imagine.


    ok, but it was roughly the same policy under Biden's admin.

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    Hurricane Expert tgull's Avatar
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    Hard to believe a mathematical algorithm is worth over a trillion dollars. I seem almost ridiculous chasing life saving biotechs as investments as opposed to bitcoin. Warren Buffet is right, the only value of bitcoin is selling it to the next guy next to you for a higher price. It's hard to believe this pyramid scheme has lasted as long as it has. But I am somewhat bitter, I missed it. 8 Billion people on the planet, you only need 100 million to perpetuate a scam. It's not even a rounding error when you do the math. But there is no value in gambling either, its just trading money back and forth between winners and losers. I have stayed away but I am 50 years old now, you just get conservative. If I were 25 when this shit came out I'd be worth $100M, but the flip side is I probably be dead now, so there is that.

     
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      Tellafriend:
      
      The Boz: Never too late to hedge a little, may seem cheap now IF it keeps going and if not, you’ll still be fine.

  7. #8487
    Plutonium sonatine's Avatar
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    Quote Originally Posted by Tellafriend View Post
    Quote Originally Posted by sonatine View Post


    i know it seems very partisan to say 'well trump appears to be deliberately devaluing the USD in every single way he can imagine' but he does appear to be deliberately devaluing the USD in every single way he can imagine.


    ok, but it was roughly the same policy under Biden's admin.


    so let me understand;

    you: wow trumps creating policies to drive people to BRICS

    me: yeah hes doing everything in his power to do so

    you: BUT SO DID BIDEN


    i mean im trying man, im really trying with you
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  8. #8488
    Plutonium sonatine's Avatar
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    Quote Originally Posted by tgull View Post
    Hard to believe a mathematical algorithm is worth over a trillion dollars. I seem almost ridiculous chasing life saving biotechs as investments as opposed to bitcoin. Warren Buffet is right, the only value of bitcoin is selling it to the next guy next to you for a higher price. It's hard to believe this pyramid scheme has lasted as long as it has. But I am somewhat bitter, I missed it. 8 Billion people on the planet, you only need 100 million to perpetuate a scam. It's not even a rounding error when you do the math. But there is no value in gambling either, its just trading money back and forth between winners and losers. I have stayed away but I am 50 years old now, you just get conservative. If I were 25 when this shit came out I'd be worth $100M, but the flip side is I probably be dead now, so there is that.

    elon's in his ear about grafting blockchain into the fabric of our economy apparently.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  9. #8489
    Gold The Boz's Avatar
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    Funny how the broke fat fuck is so happy when Bitcoin drops a little.

    Those who don’t have are always jealous of those who do.

    But yea I know, it’s all “racism”.

     
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      Tellafriend: right

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    Diamond Tellafriend's Avatar
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    Quote Originally Posted by sonatine View Post
    Quote Originally Posted by Tellafriend View Post



    ok, but it was roughly the same policy under Biden's admin.


    so let me understand;

    you: wow trumps creating policies to drive people to BRICS

    me: yeah hes doing everything in his power to do so

    you: BUT SO DID BIDEN


    i mean im trying man, im really trying with you

    you have become such a sanctimonious ass. maybe you always have been. i used to enjoy reading your take on things, but it's been a while. regardless, anyone who at your age has never owned a house should not be so smug. i asked a question you could have answered, if you knew how to, but instead used it as an opportunity to try to look smart. but its not clever, just another asshole on the internet.


    for anyone who might care to reply, my reference to the biden admin was to demonstrate that it appears to be an undeclared policy of the US rather than a partisan one.

    TIA

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    Quote Originally Posted by sonatine View Post
    Quote Originally Posted by Tellafriend View Post
    am i the only one astonished that the US govt has allowed and is now encouraging these coins to compete with the USD? just days ago Trump understandably chastised the BRICS countries and threatened tariffs if they continued to develop it. and in responding, pls do say well trump is a dumb ass - i will concede it, but there are far too many smart people who are otherwise involved. or am i the only one who sees bitcoin as competition?

    i know it seems very partisan to say 'well trump appears to be deliberately devaluing the USD in every single way he can imagine' but he does appear to be deliberately devaluing the USD in every single way he can imagine.
    I think Trump has come out publicly and basically said that he wants a weak dollar.

    I'm not saying that's the right way to go, just saying that I don't think he's trying to keep that a big secret.

  12. #8492
    Plutonium sonatine's Avatar
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    Quote Originally Posted by Tellafriend View Post
    Quote Originally Posted by sonatine View Post



    so let me understand;

    you: wow trumps creating policies to drive people to BRICS

    me: yeah hes doing everything in his power to do so

    you: BUT SO DID BIDEN


    i mean im trying man, im really trying with you

    you have become such a sanctimonious ass. maybe you always have been. i used to enjoy reading your take on things, but it's been a while. regardless, anyone who at your age has never owned a house should not be so smug. i asked a question you could have answered, if you knew how to, but instead used it as an opportunity to try to look smart. but its not clever, just another asshole on the internet.


    for anyone who might care to reply, my reference to the biden admin was to demonstrate that it appears to be an undeclared policy of the US rather than a partisan one.

    TIA


    Name:  AlbertSTartagl1-1882349731181191187-01.jpg
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    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  13. #8493
    Plutonium sonatine's Avatar
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    Quote Originally Posted by go_buccos View Post
    Quote Originally Posted by sonatine View Post


    i know it seems very partisan to say 'well trump appears to be deliberately devaluing the USD in every single way he can imagine' but he does appear to be deliberately devaluing the USD in every single way he can imagine.
    I think Trump has come out publicly and basically said that he wants a weak dollar.

    I'm not saying that's the right way to go, just saying that I don't think he's trying to keep that a big secret.

    can you fill me in on this a little? because the only people i heard complaining about the dollar being too strong were the europeans, who in fairness made a strong case for needing it weakened.


    so its odd to me that trump would plead their case, least of all because this is how we sleep walked into the great depression already.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  14. #8494
    Platinum RichardBrodiesCombover.'s Avatar
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    Quote Originally Posted by Tellafriend View Post
    Quote Originally Posted by sonatine View Post


    i know it seems very partisan to say 'well trump appears to be deliberately devaluing the USD in every single way he can imagine' but he does appear to be deliberately devaluing the USD in every single way he can imagine.


    ok, but it was roughly the same policy under Biden's admin.

    Jesus fucking christ

     
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      Tellafriend: appreciate the thoughtful input
      
      sonatine: honestly wondering if hes a bot at this point

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    Master of Props Daly's Avatar
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    Quote Originally Posted by sonatine View Post
    Buddy of mine who really challenged me to get into BTC a few years back. Originally he was a XRP guy but got converted. He is like late 30s at this point. A grinder. Plays poker and deals sports. Sets up a few private poker games. Got a wife and a 3 or so year old daughter now. Leases his car. Rents a apartment. Owns nothing.

    Rumor is going around the poker circle that our hero was having an incredible week. He deposited all he had into a trading account and right in the most volatile run up of BTC during the covid era he bought a ton of out of the $$ options in Micro strategy and a bunch of the miners. He had some calls which he bought for pennies that were now trading for $50-$100 each. In short he turned $15K into $2.3M Million in a weeks time.

    He showed me his account. I couldn't believe what i was seeing. I say to him “so whats the matter they havent processed your sale yet?”. Im not selling. “Bro you have to sell…. This is once in a lifetime”. No man BTC is going to be the new normal. “Bro then sell the options and buy actual BTC. “These are nowhere near done running ill have 10M by EOW. “Dude promise me…. Please please please at least sell 700k at the bell in the morning and buy a house… you will never regret that. “No way man a house is a terrible asset to own”.

    Forget what happened but 1.5 days later someone said something and BTC was down like 25% in a day. All the stock prices fell that much and more to under the strike prices he had. The $2.3M was almost completely gone.

    This meme reminds me of him. Sad. Literally could have sold it all and freerolled the rest of his life with a fully paid off house, a new loaded SUV for the family and $1.6M in the bank.

     
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  16. #8496
    Plutonium sonatine's Avatar
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    Quote Originally Posted by Daly View Post
    Quote Originally Posted by sonatine View Post
    Buddy of mine who really challenged me to get into BTC a few years back. Originally he was a XRP guy but got converted. He is like late 30s at this point. A grinder. Plays poker and deals sports. Sets up a few private poker games. Got a wife and a 3 or so year old daughter now. Leases his car. Rents a apartment. Owns nothing.

    Rumor is going around the poker circle that our hero was having an incredible week. He deposited all he had into a trading account and right in the most volatile run up of BTC during the covid era he bought a ton of out of the $$ options in Micro strategy and a bunch of the miners. He had some calls which he bought for pennies that were now trading for $50-$100 each. In short he turned $15K into $2.3M Million in a weeks time.

    He showed me his account. I couldn't believe what i was seeing. I say to him “so whats the matter they havent processed your sale yet?”. Im not selling. “Bro you have to sell…. This is once in a lifetime”. No man BTC is going to be the new normal. “Bro then sell the options and buy actual BTC. “These are nowhere near done running ill have 10M by EOW. “Dude promise me…. Please please please at least sell 700k at the bell in the morning and buy a house… you will never regret that. “No way man a house is a terrible asset to own”.

    Forget what happened but 1.5 days later someone said something and BTC was down like 25% in a day. All the stock prices fell that much and more to under the strike prices he had. The $2.3M was almost completely gone.

    This meme reminds me of him. Sad. Literally could have sold it all and freerolled the rest of his life with a fully paid off house, a new loaded SUV for the family and $1.6M in the bank.


    the bar for being 'into crypto' at this point is absolutely 100% round tripping a house.
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

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      Sanlmar: mild asphyxiation rep
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

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    Plutonium Sanlmar's Avatar
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    @tella

    You can make an argument for a price target for $3400 for your gold per fibanacci #’s

    They doubted you bub.

    IAG, HMY AEM miner porn

     
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      Tellafriend: mostly hold coins $$$

  19. #8499
    Diamond Tellafriend's Avatar
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    Quote Originally Posted by Sanlmar View Post
    @tella

    You can make an argument for a price target for $3400 for your gold per fibanacci #’s

    They doubted you bub.

    IAG, HMY AEM miner porn

    miners can run, they just haven't matched the price for all kinds of "reasons." if you want to just hold the paper, phys - sprott

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    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

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