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Posted on 1/15/21 at 11:29 am to Coon
quote:
I mean, if the guy with the hard drive gets in and has his $220MM worth of bitcoin, can he really convert that much?
That 777 guy asserted he could do it in 30 seconds.
I have no doubt (unless he was the greatest troll of all time) that Wiki is sitting pretty, though. God bless him.
Posted on 1/15/21 at 11:29 am to Coon
quote:
say you would have bought $1000 worth back then, is it possible to even liquidate that into USD cash today (that much i mean)? Like are these theoretical riches or can they be legit converted.
I mean, if the guy with the hard drive gets in and has his $220MM worth of bitcoin, can he really convert that much?
Absolutely. You can buy and sell crypto just like you buy and sell stocks. Coinbase is good for noobs.
Posted on 1/15/21 at 11:35 am to Coon
Yes. It's easy to trade. If people want to buy the security is easy to sell. Especially with modern trading.
I put $100 into btc every now and then. $100 = .00277 btc give or take.
I put $100 into btc every now and then. $100 = .00277 btc give or take.
Posted on 1/15/21 at 11:38 am to BRUNNIN4
quote:
say you would have bought $1000 worth back then, is it possible to even liquidate that into USD cash today (that much i mean)? Like are these theoretical riches or can they be legit converted.
I mean, if the guy with the hard drive gets in and has his $220MM worth of bitcoin, can he really convert that much?
Absolutely. You can buy and sell crypto just like you buy and sell stocks. Coinbase is good for noobs.
Yep. today it’s super easy to buy and sell bitcoin. Just like trades of regular stock if you set up an account that covers crypto. Thing is, back then I don’t know if it was as easy to convert. I know there were guys who did it so maybe they’ll chime in. But today it’s super easy to buy fractions of bitcoin etc. it is still very volatile though lol. HUGE swings throughout the day (and night...it doesn’t close like regular market). It was at 40k a few days ago iirc, then 34, then 39... you get the picture.
Posted on 1/15/21 at 11:42 am to MattA
I understand coinbase. I’m talking about liquidating $220MM of bitcoin.
Posted on 1/15/21 at 11:47 am to LucasP
quote:
LucasP
I saw him post and freaked out a little, until I realized this was a bumped thread from 2015.
Posted on 1/15/21 at 11:48 am to Coon
quote:
understand coinbase. I’m talking about liquidating $220MM of bitcoin.
Ahhhh like getting it from your wallet to an exchange. In other words from your computer that you used to mine to a place that will pay you for it. Gonna have to defer to the experts on that one lol. Let me consult google for a quick answer tho
This post was edited on 1/15/21 at 11:50 am
Posted on 1/15/21 at 11:49 am to Coon
quote:
I understand coinbase. I’m talking about liquidating $220MM of bitcoin.
May take a few days
That is like 6k bitcoins - so about 20% of coinbase recent daily volume
This post was edited on 1/15/21 at 11:51 am
Posted on 1/15/21 at 11:49 am to Coon
quote:
I understand coinbase. I’m talking about liquidating $220MM of bitcoin.
Depends on the liquidity of the exchange. You’d probably want to slowly sell so you don’t suddenly tank the price with a market sell of the whole stack.
Posted on 1/15/21 at 11:51 am to deaconjones35
The user name on that post makes it all the better.
Broke gonna stay Broke
Broke gonna stay Broke
Posted on 1/15/21 at 11:54 am to GFunk
quote:
He believed in cryptocurrency on principle but he didn't have the understanding of economics on a deep enough level to debate you guys...No doubt he came out all wet for sure.
Man, if only Bitcoin loons had a deeper understanding of econ, then they’d understand bitcorns will never make it to 5k.
Ahhh, this thread makes me happy. I’ve listened to this crap for the 5-6 years since this post. And they still dont get it.
Posted on 1/15/21 at 11:54 am to okietiger
Damn haven't heard that name in awhile.
Posted on 1/15/21 at 11:58 am to TigerBite
I remember reading all of the back and forth between wiki v Russian and Broke. I always thought Russian and Broke were a little too harsh but ultimately would be on the right side of the debate. I tended to fall to their side. Wiki may end up being wrong about crypto replacing fiat currency, but he is probably going to be really wealthy while possibly being wrong.
Russian and Broke, and the rest of us that leaned their way, have to take the L on this one.
Russian and Broke, and the rest of us that leaned their way, have to take the L on this one.
This post was edited on 1/15/21 at 12:01 pm
Posted on 1/15/21 at 12:19 pm to GFunk
quote:Stop lying. That never happened. If it were true I would have been perma banned from the site.
I think Wiki left after LSU Russian outed him using his IRL information.
Wiki's first screen name on TigerDroppings was his real first name plus his two initials. Every poster who has been on TigerDroppings during Wiki's first screen name timeframe knows his first name and intials. He changed his screen name to WikiTiger after he became active writing articles about LSU baseball on Wikipedia.
I referred to his first name's first letter once after he posted my first name and threatened to post my full name. (I have no idea how he got my name but Chicken assured me it didn't come from him or an admin.)
I don't know anything else about wiki, including his full name, other than what he posted about himself on this site.
So instead of allowing him to blackmail me, I replied to his post with my full name, my home address, my cell phone number and my email address and then asked him what other personal information of mine would he threaten me with.
GFY.
ETA: I just realized this is an old thread that got bumped. I've already replied to your lie earlier in this thread.
This post was edited on 1/15/21 at 12:48 pm
Posted on 1/15/21 at 12:36 pm to okietiger
I thought he committed suicide like Collin.
Posted on 1/15/21 at 12:38 pm to MattA
quote:
Spanish soccer coach levels of maximum oof.
It ain't an oof if I was right. He predicted 5k and it ended up at like 3k.
Posted on 1/15/21 at 12:39 pm to Broke
The Bitcoin apologists are current getting blown for 14 different whores a day in Jaco
Posted on 1/15/21 at 12:39 pm to Coon
quote:
is it possible to even liquidate that into USD cash today
how do you think BTC has gone up 8x since March or so?
people have to keep buying them for inflation to take place
Posted on 1/15/21 at 12:39 pm to LSUnation78
quote:
Broke gonna stay Broke
You really really really don't know me.
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