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Thread: Lmfao @ bitcoin

  1. #1
    Registered User gesten's Avatar
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    Lmfao @ bitcoin

    You guys realize even if it hits 100k that you’d have to have like 100,000$ in bitcoin just to get semi rich? (1 mill)

    I don’t even know anyone with over 10k in bitcoin let alone 100k LOL

    Besides the fact that it’s been stuck at 5-15k for 3 years lmfao
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    Serenity Now! FrankCostanza's Avatar
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    Some of us bought at around 1.5k ill catch thevdip again when people panic. I wanna be Michael Jordan rich.

    just remember to book mark this thread and check in. we will wanna know if you offed yourself.
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    I have a friend who had 100s of them. Back when it was super cheap. I think he paid 20$ per? This was a while ago
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    Originally Posted by Slootbrahh View Post
    I have a friend who had 100s of them. Back when it was super cheap. I think he paid 20$ per? This was a while ago
    A lot of people also have stories where they could have should have. I tried to start mining back in 2010 but didn't know enough about how to set up the mining software so was like fuk it, no thanks. According to calculations a dual core pentium @ 2.7ghz would have mined about 1936BTC per day which is about 20 million dollars per day at todays price.
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    Registered User gesten's Avatar
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    Originally Posted by FrankCostanza View Post
    Some of us bought at around 1.5k ill catch thevdip again when people panic. I wanna be Michael Jordan rich.

    just remember to book mark this thread and check in. we will wanna know if you offed yourself.
    How much did you buy around 1.5k?

    What I’m saying is it’s useless to get rich if you invest in anything less than 50k right now

    Cause even if it moons to 100k you’d make a million at most with 100k invested in btc right now


    If you put in 1k when it was at 1.5k, and it moons to 100k you’d only get 100k in return lol

    Are u saying btc will go higher than 100k lol?
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    Yes OP, getting 1000% return on your investment is trash
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    Bitcoin is fundamentally flawed and will be a failed deflationary experiment. It´s success proves how dumb people are. Sure, it was great and revolutionary 10 years ago, but it´s time to move on. It will never be 100k, never. Simple math suggest that in the end, there will be no bitcoin left in circulation. Having a supply cap of 21 million, while at the same time bitcoins can be lost forever, is a contradiction in itself. It is designed to be a scheme that is not substainable. Liquidity will only get lower over time, till it´s dead.

    People supporting bitcoin are anti innvovation, and they are standing in the way of technology and progress.
    Speaking cold hard facts, no matter if it upsets you
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    Originally Posted by gesten View Post
    You guys realize even if it hits 100k that you’d have to have like 100,000$ in bitcoin just to get semi rich? (1 mill)

    I don’t even know anyone with over 10k in bitcoin let alone 100k LOL

    Besides the fact that it’s been stuck at 5-15k for 3 years lmfao
    try turning it into real money. its a scam
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    Bought at 700. My crypto portfolio was in the 7 digits but bad time to sell because of tax reasons. No need to sell anyway so I just let it mellow.
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    Originally Posted by gesten View Post
    How much did you buy around 1.5k?

    What I’m saying is it’s useless to get rich if you invest in anything less than 50k right now

    Cause even if it moons to 100k you’d make a million at most with 100k invested in btc right now


    If you put in 1k when it was at 1.5k, and it moons to 100k you’d only get 100k in return lol

    Are u saying btc will go higher than 100k lol?
    He is the wrong phaggot on this forum to ask anything about money.
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    Even then no idea why I would waste 100k on some shady BS that might give me nothing in return.

    Would rather put it on Pac-Man 1st round knockout vs mcgregor, dead srs.
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    Originally Posted by DodgingBullets View Post
    Yes OP, getting 1000% return on your investment is trash
    I still think crypto is a retarded investment but still this.....

    In what world do you phaggots live in that this is a bad return on any amount of capital invested?

    900% gains but still.
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  13. #13
    Registered User gesten's Avatar
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    Originally Posted by Slamt View Post
    I still think crypto is a retarded investment but still this.....

    In what world do you phaggots live in that this is a bad return on any amount of capital invested?

    900% gains but still.
    Pretty sure you could get 900% gains in less than one week in the real stock market with trading options(idk I might be misinformed tho)


    Where as with bitcoin it could be 10 YEARS before you get 900% gains lmao

    The only way I see making big money with crypto is with alts

    I had 200% gains with omg network alt like a month ago and it turned my 50$ into 100$ lmao
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    Originally Posted by gesten View Post
    Pretty sure you could get 900% gains in less than one week in the real stock market with trading options(idk I might be misinformed tho)


    Where as with bitcoin it could be 10 YEARS before you get 900% gains lmao

    The only way I see making big money with crypto is with alts
    Yeah it's possible, i've done it before.

    You can also lose your whole account in a week trading options. I've done that before too.
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    Originally Posted by FrankCostanza View Post
    Some of us bought at around 1.5k ill catch thevdip again when people panic. I wanna be Michael Jordan rich.

    just remember to book mark this thread and check in. we will wanna know if you offed yourself.
    Remember that time you made a give away thread to prove you weren’t a massive fraud and the account that won just happened to be an alt with the same IP as you lmao

    This guy owns 0 bitcoin
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    Originally Posted by gesten View Post
    Pretty sure you could get 900% gains in less than one week in the real stock market with trading options(idk I might be misinformed tho)


    Where as with bitcoin it could be 10 YEARS before you get 900% gains lmao

    The only way I see making big money with crypto is with alts

    I had 200% gains with omg network alt and turned my 50$ into 100$ lmao

    So you're out here talking chit about people in a scenario where they turned 100k into 1mil while you're here dropping $50 into your plays

    LMAO.

    Also that's 100% gains you retard. No wonder you're red.
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    Originally Posted by VinnyPazRules View Post
    try turning it into real money. its a scam
    I have. Straight in to my bank account.
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    Of course the % gain now pales in comparison to what it once was, but the gains can still be much larger than normal stocks...losses can be though too.
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    Supportin bitcoin or any other crypto scam is unethical. There are some good cryptos, but they are far in between. The crypto maket is a joke right now, and things will get back in balance eventually. Peak speculative mania now, that have resulted in a bunch of overvalued chitcoins. They are just surfing on blockchain hype, but they won´t survive long term, so its all a temporary ponzi scheme, sorta.
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    Originally Posted by gesten View Post
    How much did you buy around 1.5k?
    In b4 fraudstanza claims it’s now worth high 6 to 7 figures
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    Originally Posted by Vhagar View Post
    Remember that time you made a give away thread to prove you weren’t a massive fraud and the account that won just happened to be an alt with the same IP as you lmao

    This guy owns 0 bitcoin
    Then nvious made the same thread and actually delivered. Good times
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  22. #22
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    Originally Posted by FrankCostanza View Post
    . I wanna be Michael Jordan rich.
    Im not gay but $20 is $20 (no homo)
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    Originally Posted by PimpMasterC View Post
    Bitcoin is fundamentally flawed and will be a failed deflationary experiment. It´s success proves how dumb people are. Sure, it was great and revolutionary 10 years ago, but it´s time to move on. It will never be 100k, never. Simple math suggest that in the end, there will be no bitcoin left in circulation. Having a supply cap of 21 million, while at the same time bitcoins can be lost forever, is a contradiction in itself. It is designed to be a scheme that is not substainable. Liquidity will only get lower over time, till it´s dead.

    People supporting bitcoin are anti innvovation, and they are standing in the way of technology and progress.
    I assume troll, but quick math lesson for you if not:

    Lost bitcoins aren't going to be a constant figure. The more a bitcoin is worth, the fewer bitcoins are likely to be transferred in a given transaction, and the more careful people are going to be with private keys and transactions. As the value goes up, the amount of lost bitcoins will decrease. As wallet technology improves, the number of lost bitcoins will decrease.

    Let's assume we do keep losing them anyway: If the number of bitcoins in existence were to deflate by 5% per year, you don't hit zero after 20 years, you're closer to 35%. It only becomes an issue when the number of bitcoins becomes low enough that 8 decimal places isn't enough. If 5% a year were lost, you'd effectively lose one of the 8 decimal places every 45 years. Of all the possible reasons for bitcoin to fail, this is really not the one to pin your hopes on.
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    Originally Posted by AndyKerrison View Post
    I assume troll, but quick math lesson for you if not:

    Lost bitcoins aren't going to be a constant figure. The more a bitcoin is worth, the fewer bitcoins are likely to be transferred in a given transaction, and the more careful people are going to be with private keys and transactions. As the value goes up, the amount of lost bitcoins will decrease. As wallet technology improves, the number of lost bitcoins will decrease.

    Let's assume we do keep losing them anyway: If the number of bitcoins in existence were to deflate by 5% per year, you don't hit zero after 20 years, you're closer to 35%. It only becomes an issue when the number of bitcoins becomes low enough that 8 decimal places isn't enough. If 5% a year were lost, you'd effectively lose one of the 8 decimal places every 45 years. Of all the possible reasons for bitcoin to fail, this is really not the one to pin your hopes on.
    We will keep losing bitcoins forever, no matter the tech improvements. Thats just how a blockchain works. It´s estimated that close to 4 million btc are already lost forever. And that more than 1,000 btc get lost everyday. Of course this number will decrease over time, but viewed on a large enough time scale, more than 90% of the supply will surely get lost. 100% in the end, but thats far away. The problem is that liquidity will drop off over time, as well as demand for on chain transactions. On chain transactions will have to compete with cheaper and faster off chain transactions. Bitcoin is great because of 2 things; security and liquidity. So, a decrease in lquidity will be very bad for a currency that the main use case is speculation. Bitcoin is not suited for mass adoption, so speculation will always be the main use case, most likely. Speculation in a highly manipulated market.


    New research suggest that up to 1,500 btc get lost everyday.
    https://news.bitcoin.com/analyst-150...ver-circulate/

    In 20 years time, more than half of the supply will probably be gone. On chain transactions will be low, and so will miner revenue.


    “Unfortunately, there is reason to expect that the demand for transactions will fall to very low levels. People are likely to make use of off-chain transaction mechanisms via trusted third parties, particularly for small amounts, in order to alleviate the need to wait for confirmations. Payment processors may only need to clear with each other infrequently. This scenario is not only economically likely, it seems necessary given the relatively low transaction rate supported by Bitcoin. Since blockchain transaction will have to compete with off-chain transaction, the amount spent on transactions will approach its cost, which, given modern infrastructure, should be close to zero. Attempting to impose minimum transaction fees may only exacerbate the problem and cause users to rely on off-chain transaction more. As the amount paid in transaction fees collapses, so will the miner’s revenues, and so will the cost of executing a 51% attack. To put it in a nutshell, the security of a proofof-work blockchain suffers from a commons problem[9]. Core developer Mike Hearn has suggested the use of special transactions to subsidize mining using a pledge type of fund raising[10]. A robust currency should not need to rely on charity to operate securely”

    And it doesnt really help that you can devide every bitcoin into thousands of sathosis. It doesnt fix the underlying problem, as I can go deeper into. It´s just putting a bandaid over the wound. Bitcoin of course have many other problems as well, so it will never work long term. People locking up their bitcoin in funds like Grayscale offer will only make the problem worse. Lower and lower btc liquidity over time will be a sure death sentence. Controlled predictable and flexible non dilutive inflation is the way to go.
    Last edited by PimpMasterC; 09-27-2020 at 08:42 AM.
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    Registered User gesten's Avatar
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    Originally Posted by Slamt View Post
    So you're out here talking chit about people in a scenario where they turned 100k into 1mil while you're here dropping $50 into your plays

    LMAO.

    Also that's 100% gains you retard. No wonder you're red.
    I only dropped 50$ to test things

    I’m not talking chit about anything lmao. I’m just saying I don’t see how bitcoin can make you retirement rich unless it hit like 100,000,000


    Can you retire off of turning 100k to 1 mill?

    Also do u see btc hitting one million any time soon lol? I don’t even kno if I see it hitting 100k this year

    It was suppose to pass 20k and go to 100k the last 3 years lol


    If the price dips to like 3k I’ll put way more money. But you’d have to have a chit load of money to actually make money if you put in money right now
    Last edited by gesten; 09-27-2020 at 03:08 PM.
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    Originally Posted by Ayz33 View Post
    Of course the % gain now pales in comparison to what it once was, but the gains can still be much larger than normal stocks...losses can be though too.
    How though?


    Bitcoin would have to reach 100,000,000 for it to be higher than stock market gains

    Do you guys honestly see it hitting 1mill anytime soon lol
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    Bitcoin scarcity correlated to exponentially increasing value is why bitcoin shills are delusional

    Even those that believe the mega rich in the future will be bitcoin owners say you only need like 1/10 of a single coin to be considered elite in terms of wealth

    Buy gold and at least you’ll have something to actually purchase bread with if fiat currency suddenly becomes worth as much as your newspaper no one reads anymore. You actually need to physically own it, and can’t be divied up into infinite fractions to have worth in the market
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    Lot of people have tons of money in bitcoin. basically anyone that works in blackhat. or does blackhat chit. bitcoin is their bank account...

    go look up those guys that hacked elon musk, bill gates twitter. they had history of their bitcoin before it. they were selling rare user names and chit and had like 50k in BTC. and thats just a random 17 year old hacker
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