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re: Crypto is Gen Z’s Beanie Babies

Posted on 6/15/22 at 8:25 am to
Posted by GreatLakesTiger24
Member since May 2012
57902 posts
Posted on 6/15/22 at 8:25 am to
quote:

maybe if y'all hadn't taken so much pleasure in rubbing everyone's nose in how smart you were buying BTC things would be different.
touch grass
Posted by The Third Leg
Idiot Out Wandering Around
Member since May 2014
10742 posts
Posted on 6/15/22 at 8:37 am to
Maybe your funniest post ever, ham. Grab a drink of water.

These tards that went all in on crypto deserve what they get.
Posted by Jon Ham
Member since Jun 2011
29411 posts
Posted on 6/15/22 at 8:39 am to
quote:

It’s still worth 20k at the moment. Beanie Babies are worth 0


Just took a quick look at ebay sold items, and some of them are still fetching value:




While bitcoin is still being sold around $20k at the moment, A LOT of holders bought in well above that.

From a Bloomberg article last month:

quote:

More than half of traders who held crypto at the end of 2021 had gotten in that year, crypto-firm Grayscale Investments said at the time. Bitcoin’s average price in 2021 hovered around $47,300.
Posted by Bunk Moreland
Member since Dec 2010
62861 posts
Posted on 6/15/22 at 8:43 am to
I never understood why my libertarian bros moved from gold to something even more intangible and digital than the Fed's printing press.
Posted by LSUCOCK
Member since Jun 2012
690 posts
Posted on 6/15/22 at 8:45 am to
quote:

The irony is that if everyone used crypto, inflation would not have occurred.


Honestly one of the dumbest things I've ever heard
Posted by deNYEd
New Orleans
Member since Jul 2007
9699 posts
Posted on 6/15/22 at 8:47 am to
always amusing that you fricktards come out at the height of every bear. This time the flex is even weirder considering the entire world economy is flat-lining.
Posted by LordSaintly
Member since Dec 2005
40679 posts
Posted on 6/15/22 at 8:48 am to
Crypto has “died” a bunch of times and it’s still here. This isn’t the first bear market.
Posted by cable
Member since Oct 2018
9735 posts
Posted on 6/15/22 at 8:50 am to
quote:

always amusing that you fricktards come out at the height of every bear. This time the flex is even weirder considering the entire world economy is flat-lining.


and this has exposed one the biggest lies about the value of crypto
Posted by LSUnation78
Northshore
Member since Aug 2012
13526 posts
Posted on 6/15/22 at 8:50 am to
Is this how you make yourself feel better about not making money?

My tesla stock is down 43% YTD. I guess thats a beanie baby too.


Posted by The Third Leg
Idiot Out Wandering Around
Member since May 2014
10742 posts
Posted on 6/15/22 at 8:52 am to
quote:

Crypto has “died” a bunch of times and it’s still here. This isn’t the first bear market.

A lot of these crypto collapses are on par with the decline in equities during the depression, but In much less time.

It was a massive pump and dump. shite has marginal utility, at best. At least it’s not NFT. Gimme that digital Gucci bag for $5k, yo.
This post was edited on 6/15/22 at 8:54 am
Posted by 21JumpStreet
Member since Jul 2012
14774 posts
Posted on 6/15/22 at 8:52 am to
Internet is a fad!
Posted by LordSaintly
Member since Dec 2005
40679 posts
Posted on 6/15/22 at 8:52 am to
quote:

always amusing that you fricktards come out at the height of every bear. This time the flex is even weirder considering the entire world economy is flat-lining.



Exactly. Everything is down big right now.
Posted by LordSaintly
Member since Dec 2005
40679 posts
Posted on 6/15/22 at 8:55 am to
quote:

shite has marginal utility, at best.



You’re definitely right about some projects like that Dogecoin shite
Posted by deNYEd
New Orleans
Member since Jul 2007
9699 posts
Posted on 6/15/22 at 8:56 am to
Pump and dumps don't pump 5x. Sometimes I think ya'll are brain dead but then I remember it's just a bunch of jealous bitches. It was a "bubble" previously. Except bubbles don't reinflate. Just buy some crypto this bear cycle so ya'll don't have to be quite so bitter next run.
Posted by cable
Member since Oct 2018
9735 posts
Posted on 6/15/22 at 8:58 am to
quote:

Just buy some crypto this bear cycle so ya'll don't have to be quite so bitter next run.


This post was edited on 6/15/22 at 8:59 am
Posted by WG_Dawg
Member since Jun 2004
88712 posts
Posted on 6/15/22 at 8:59 am to
quote:

It was a massive pump and dump.




pump and dumps usually don't take over a decade to happen.
Posted by Jon Ham
Member since Jun 2011
29411 posts
Posted on 6/15/22 at 9:00 am to
quote:

You’re definitely right about some projects like that Dogecoin shite


Dogecoin and Bitcoin are both random strings of digital code. Except for the fact that Bitcoin has a limited supply, what’s the difference?
Posted by LSUnation78
Northshore
Member since Aug 2012
13526 posts
Posted on 6/15/22 at 9:05 am to
quote:

random strings of digital code


Yea, someone just facerolled on the keyboard and BOOM encrypted digital currency.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81721 posts
Posted on 6/15/22 at 9:09 am to
quote:

it's a bit strange that so many people are taking so much joy in this
Human phycology. People either dismissed crypto or their brains weren't good enough to understand it so they didn't invest. They saw people making a lot of money and were bummed that they missed out. Now that the market is crumbling their brains are in affirmation mode, giving them joy that they didn't truly miss out on some permanent wealth.
Posted by BilJ
Member since Sep 2003
160509 posts
Posted on 6/15/22 at 9:10 am to
I think the concept of bitcoin has its place, I think the market just got completely flooded with everyone trying to be the best bitcoin or just straight up pump and dumps

NFTs just seemed fricking retarded from the jump. Some people are laughing their arse off somewhere at getting people in on that
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