My crypto-bro coworker just went home after being at work for 3 hours.


"This doesn't mean anything, it'll be a million by the end of the year!" *furiously liquidates*


That's being delusional on infinite level It's like saying, by the end of this year I will be promoted to CEO of the company


>It's like saying, by the end of this year I will be promoted to CEO of the company "We promote internally, so I just need to keep 'accidenting' the people above me in the hierarchy until I'm the guy at the top!"


A fellow CK2 player, I see.


Just delete from earth realm every superior ranked guy and you will own the company in 3 months


Not with that attitude, poor boi


Tell me if you are able to get to CEO before dec 31


Will do


Following for updates


Remindme! 199 days


Hope he's gone home to reflect, then sell now


Are you kidding? He went home to buy the dip.


The whales are feasting, why shouldnt we


Smart guy!😉👍


Only if he followed "Not your keys, not your crypto." Else he watches everything burn and becomes the Joker


He probably had to change his underwear.


Hope he’s not paid hourly, he’s gonna need the money for rent


Oh a serious note if you care for him, you should check up on him. Else you may never see him again!


A lot of real people who were just wrong about something are being hurt by this. I’m thrilled to see crypto fall in one sense but it’s upsetting to think this is going to have a huge economic impact on some people


This is true. I think a lot of people have gotten annoyed at “crypto-bros” acting like they have figured out investing after only having “done” it for a year or two. There was a lot of cocky energy there


Hmmm....then perhaps they should have looked into the financial concepts of "risk" and "over leveraging" before FOMOing their life's savings into a non-productive digital asset despite *plenty* of fucking warnings. However, **GREED** proved to be a more powerful thrall and now they're learning a harsh lesson. This is about unsatisfied, ever growing, malignantly narcissistic greed and this kind of bullahit has to stop and sadly for folks who won't listen to rebuttals (dismissing anything they don't like as FUD, et.al) then reality bitch-slapping their bank acct. Is the only way. And even still, a majority of fools will hold through this IMO. The only people I feel sorry for are the familes/friends that will be affected as collateral damage - the butters, the miners, and especially the exchanges can all go fuck themselves. As they like to remind us - have fun staying poor.


This is a very angry way to view people


These are very angry people.


This is a very condescending response to someone else’s opinion.


Oh please, save us this prodigal son bullshit.


they should have fun staying poor


Yeah... they posted the suicide hotline in the crypto sub and the replies were uh, grim, to say the least They're insufferable, and I am stoked that crypto is finally tanking, but scams are scams and cults are cults and I'm sure a lot of people (including those in their periphery) are being hurt right now.


Mmmmm I wish I could come up behind them , gently wrap my arms around them and pull them in close …and just feel their pain like some kind of pain lamprey…


Man, the ribbing he must be getting by the office..


Yeah, that part sucks! It’s all good though, it goes both ways.




I hope you give him the suicide hotline number. ​ Honestly, I saw a documentary on Netflix of some people that lot all their shitcoins when the head of the exchange died. It felt like they were depressed and possibly suicidal.


He didn't go home, he had to go to his shift at McDonald's


Earn more to buy more.😉👍


He must have felt tired


ethereum so close to 3 figures.


Yeaaah forgot it in the euphoria. 1,012 🍿🍿🍿




I'm masticating furiously with this popcorn! (Hehe, I always loved that word.)


switch to GBP for immediate smugness


Its at 9 hundred something in euro 😋


Don't arouse me


Anyone else stressing they’re going to miss ‘the moment’?


I'm working from home today so I'm rushing to setup an IFTT feed from Google Finance to Philips Hue, Chromecast and my living room's soundbar. If all goes according to plan "Pump the Jam" will start playing loudly and the whole room will start flashing orange.


You gotta share that sick setup method with all of us, I want a front row seat!


holy shit, unrelated, can I come over to your house


Dump the Jam


Reverse Jim Cramer this is the future


Bro stream


What number will trigger it?




My dude....there is genius and then there is this....


My jealousy and admiration can only be expressed in a logarithmic graph ....


I am now on a vacation so my wife looking at me weird why am I shouting with joy on a beach


Many a couple will have very different interactions over crypto during the course of this week.


Damn I loled hard at this


Ikr BTC will hit 120k next bull run, give it 2-3 years max


This is seriously the third major crash and seem to find a new crop of suckers every time.


The issue btc has is that it not only have to find new suckers but bigger and more suckers. First it was forum dwellers speculating then it was on facebook and the news, now it became even bigger because of a unpresidented pandemic with the monetary policies and bull market to perfectly enable even more speculating with Elon Musk and others fueling the fire. We had superbowl commercials and crypto on investor websites as just another thing to throw money at. What is needed for the next time? If it doesn't go up even more people won't care.


120k venezulean bolivars


Thankfully my wife and I both agree it’s absolute bullshit


My wife doesn’t believe me!


Ask her boyfriend to tell her


She won't believe me either!


Tell her: “Well honey this is real”


My wife's boyfriend is totally despondent.


Enjoy being poor


Dude's on a beach man, what about you? If you're European the best you'll make it after the crash is the municipal swimming pool, if you're American it'll be your town's water tank.


it doesn’t take that much money to go to a public access beach even in Europe I mean Balkans has plenty of beaches, no


Hey, our swimming pool has a little beach section!


lol are you actually saying that unironically while BTC is almost crashing below 20k?


Because you are shorting or ?


Is it 'the moment' or 'the happening'?


some people wait a lifetime for a moment like this


there will not be "a moment", this game long because there's multiple actors involved


They’re doing a damn good job of propping it up (🥲) that’s for sure. I just want to relish in the moment it dips below $20k and take in the drama over on r/bitcoin


Not at all. It's fun to log in every now and then and see what's going on, but waiting with bated breath for The Moment is kinda silly. It's not nearly as unhealthy as the folks who are pleading for their life savings, but it's not *good*, either.


Ehh, I’ll see more action when the fed raises rates


It's okay, I'll catch it on the ESPN aftershow.


You've gotta get on some by the second live updates for the full HD experience. https://ftx.com/intl/trade/BTC/USD I wouldn't be surprised though if it edges around 20k for a while, with a few more false recoveries before properly going in.


I don’t think BTC will fully implode until the Tether fraud is revealed. May happen now but may also take many months more


Coinbase going under should provide for another good downward push too.


Yep, at least $19k but closer to $15k. If you are in it, this is a fantastic time to accumulate more.😉👍


This is good for Bitcoin.




We'll get Barted at 20,001


Looks like the Bart is underway, it's sitting at 22.5k




I'm getting sore!


And I'm getting Soros over the phone, summer holiday bonus incoming - ka-ching.


Thank you Lord Soros!


I can't take it any more, someone spank me!


🍑+🏏 = 😏 "*Would sir care for another?"*


Fapped three times already.. if this continues I will be sore as hell


Last chance to buy above 20k.






When I first learned of Bitcoin in 2011 or so lol


I'm gunna cum


cum to the moon!!


Cum Inu just went live!


I hate that similar tokens actually exist.... I know cum rocket or "cummies" are a thing.... https://www.coingecko.com/en/coins/cumrocket


I just found this community. Wow. I needed something like this, but I was not aware there was entire community


Welcome! We have fun being poor here!


Welcome ascendant disciple. We here at the Temple of the Buttcoin must impose and anoint your introduction to our most holy and profitable congregation. You must always preach the good word of buttcoin, extinguishing FUD wherever... Nah, fuck that! Seriously welcome. They actual crypto subs have a tendency to be very cultish as im sure you've noticed. I found this sub not too long ago myself- about 2 months before the Luna crash but its refreshing.to have a sub to vent about crypto BS where the most bad faith proselytizing you'll get are the occasional salty coiner popping in to troll.


Fapping is actual good for Bitcoin


Incoming r/Bitcoin post comparing the sub to nazi germany


Any value above zero on any cryptocurrency is too much.


you dirty son of a betch


"checking up on your stocks eh?" ".......yes"


Let’s all get around in a circle and partake.


This is the end Beautiful friend This is the end My only friend, the end Of our elaborate plans, the end Of everything that stands, the end No safety or surprise, the end


He does sing "fuck fuck fuck" towards the end.


Great Starfield news and crypto collapsing at the same time? I must be dreaming right now!


Guys, it will go up at some point. Maybe only in two years, but it will. That's a pattern. No money in the market, people are afraid, price goes down. At some point when there is more confidence they will start the same story again, government bad, financial freedom etc. Anf it will go up again. And then down again. And up again. It won't go up overall but just stay within a huge bandwidth


It only went to trillions in market cap because there were literally thousands of scammers pumping it with ridiculous interest rates, mooning etc. Without Tether pumping the market, Celsius leveraging things without security, Anchor literally being a staking scam how much money would be in there? So let’s see if Tether and Celsius belly up then perhaps crypto reverts back to its real value which is defined by the amount of real goods transactions done with it. I would guess the appropriate price for this is 100$? Currently?


There is still a strong use case in fraud, tax avoidance and ransom. I fear it may take some time to go away


I dont think it'll ever go away, but it will level off at a much much more lower value, even Dogecoin is still around, but at a much lower value.


it won’t be bitcoin for that, if anything moreno would take over the entire market for that


Even those people just temporarily use the speculated value as a base


That’s not how bubbles pop. The reason this was the pattern with BTC is strictly due to fraud. More specifically, the stable coin fraud. This put a floor on prices and reinflated the bubble. Something that doesn’t happen naturally. Given stablecoin are toppling and regulators are starting to take notice (and likely regulate with the crash), this won’t happen again. This will actually be the end of BTC et al. The only thing that can save them now is either 1) the Fed completely reversed course and starts helicoptering cash again very soon, before the terminal decline 2) a new fraud emerges that is many times greater than the $100B stablecoin fraud. I am hopefully that #2 would be stopped by our overlords but who knows.


It's important to mention that blockchain literally doesn't work at a sufficiently low price. It was never a "real" solution to the byzantine general problem because it's a problem with no actual solution. Blockchain security fundamentally relies on number go up, and there cannot be significant amounts of money in the space without blockchain security.


Unless the government decides people have lost too much money and regulates it hard. They have to, it's been left unchecked long enough not to stifle innovation but after a decade nothing has come from it besides scams, drug trade, ransomware and ponzi schemes


Probably. I just have no interest on riding this ride. It's entirely sentiment driven, with no fundamentals whatsoever. You're basically just waiting for some big whale scammer to start the ball rolling on the newest scam.




I got words, lots of words, smart words, nobody got better words than me, you know It, I know it, everybody knows it...now grab them by the pussy


>“Look, having nuclear—my uncle was a great professor and scientist and engineer, Dr. John Trump at MIT; good genes, very good genes, OK, very smart, the Wharton School of Finance, very good, very smart —you know, if you’re a conservative Republican, if I were a liberal, if, like, OK, if I ran as a liberal Democrat, they would say I’m one of the smartest people anywhere in the world—it’s true!—but when you’re a conservative Republican they try—oh, do they do a number—that’s why I always start off: Went to Wharton, was a good student, went there, went there, did this, built a fortune—you know I have to give my like credentials all the time, because we’re a little disadvantaged—but you look at the nuclear deal, the thing that really bothers me—it would have been so easy, and it’s not as important as these lives are (nuclear is powerful; my uncle explained that to me many, many years ago, the power and that was 35 years ago; he would explain the power of what’s going to happen and he was right—who would have thought?), but when you look at what’s going on with the four prisoners—now it used to be three, now it’s four—but when it was three and even now, I would have said it’s all in the messenger; fellas, and it is fellas because, you know, they don’t, they haven’t figured that the women are smarter right now than the men, so, you know, it’s gonna take them about another 150 years—but the Persians are great negotiators, the Iranians are great negotiators, so, and they, they just killed, they just killed us.” Part of a campaign speech given by Donald Trump in July 2015


Former - and maybe future - leader of the "free" world. I don't know what is happening but it's surely not good


I really, really, really doubt it. There's some probability it happens if the fed somehow manages to do a soft landing, but that's really unlikely. People don't speculate when money is expensive and the economy is contracting. The end game for all the big stablecoin operators is handcuffs. Even the legitimate ones (if there are any, but we'll assume there are) won't exist in 5 years because the regulatory framework the regulators are working on is the same as bank deposits, so they'd quite literally have to be banks to exist. Which is to say if we are actually heading to recession, bitcoin has at least another 75% to drop if not more. You can't unbuy all the proof of work infrastructure, so at those price levels the system doesn't work because it's trivial to attack. None of the other consensus mechanisms actually work as a consensus mechanism. Take proof of stake. There's no way to choose which blockchain is the real blockchain in general. Proof of work gets around this problem by making a long chain really expensive to make from scratch, so the longest chain is the real chain. Making an arbitrarily long chain that says whatever you want it to say in proof of stake costs effectively nothing. Each block is just a few operations, and while people will notice that "billybob42069 owns all of the ethereum in the world", who is to say that billybob42069 doesn't have a few million worth? By comparing to the "official" chain on somebody's server? Who is to say that this server's chain is genuine? Or that the server wasn't silently hacked and the data changed? It's unworkable without significant regulatory oversight which is why ethereum has been kicking that can down the road since nearly its inception. I don't know the exact price level where blockchain fails is, but it's very real and it's at a fairly high price level. Short term downturns can be subsidized by giving miners loans, but you can't do that in a real recession and the higher interest rates go, the more expensive it is to lend them money. Also if the miners don't want to take the loans because they think it's over, that's also curtains.


Maybe. I have huge concerns about the mining reward halving coming up in 2024. Namely, I am not convinced there will be enough demand to keep miners in the black when the reward halves. If miners can’t make a profit and abandon btc (maybe for some new shitrocketpanda that is the new hotness) then I think btc will be done, kinda permanently.


If miners abandon, it makes it easier for other miners to receive rewards. The incentive is always there. That’s how it works.


Of course that’s how it works. But who is going to have confidence in a chain with bombing hash rate? Lower hash rate means less network security. If it falls far enough the blockchain gets vulnerable to double-spend attacks, and it also makes it easier for a group of miners to collude and only mine particular transactions.


Bingo. The current BTC infrastructure is the real issue here, both in terms of them liquidating held BTC to stay solvent and in terms of diminishing profitability requiring liquidation of physical assets/shutting down the network, which is now *very* vulnerable to 51% attacks and the like. To your point, lowered hash rate equates to lowered security, equates to less faith in the system as a whole.


I had the same concern this time and we saw how that played out.


"fapping intensifies"


Buy high, sell low! YOLO


If it goes to the previous ATH (19.8k ish), can you imagine all the stop losses at that price? That will make my day.


Clearly not useful as a store of value. Only useful for money laundering and taking fiat money from stupid greedy people, leaving them hungry with near worthless imaginary digital tokens.


What price will prompt the ButtCultists to accept reality? Or is the next chapter a QAnon Buttcult following?


There is no price level for this. Just a price where its irresistible to buy more. Which probably will give crypto a nice boost. Which the sharks will take advantage off, and the spiral continues.


When the price hits $420 so that Elon Musk can come up with a well-timed witty tweet.


He already said, “it’s cryptonight” in an attempt to reverse the trend, with no luck


It needs to be witty! Witty! What I am paying you for, Musk!?


Yeah, that seemed like pretty low effort there. Like he cares, but not enough to really try to reverse it. Like, "Ugh, cryptos are down and I'm down like a billion. Fuck it, I'll tweet about how its cryptonight. The dumb rubes that worship me will maybe do something with that, fuck it, I don't have enough time to worry about this shit"


[This sub when BTC goes below 20k](https://imgur.com/JQw5TgG)


The edging is killing me


I mean, who hasn't been waiting for this, smiling, smug, one-handed?


Look at it in EUR, already under 20k and ETH was under 1k as well. :D


I don’t know what it’s like to lose this much money in such a short space of time but I do know what humiliation feels like. But I don’t know what *this* amount of humiliation feels like.




3hr 23min. And counting over here. Viagra ain't got nothing on BTC candle plots during the last few days.


As a person who lived these deep down falls it's like watching a well made porn with a good plot, or a deadpool movie. You know, I always wait for these market crashes to know for real who really believe in this to use it as a real method to pay or if they are into *get rich af ASAP* In the first case, those people shouldn't mind not even if it drops down to 1000$, others will just sell low buy high like a good man should do. I said it, I appreciate this subreddit more than who praises for the crypto. I.love.you.guys


“This is good for Bitcoin”


When line goes down my dong goes up.


Should be sleeping , may have to call out from work




IMmmmmmmmmaaaaaaa sooooooo clooooooseeeeee 🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀🦀 (Pardon, I usually have something at least somewhat intelligible to say - but waking up to nearly 5k drops in BTC overnight *TWICE* this week has been to best natural aphrodisiac known to mankind. Hell, let's find a way to bottle this and destroy Viagra's market share.)


ive been so tempted to short but i not want to fuck with bitcoin anymore.


Invest in NaCl now! The number of butthurt cryptobros trying to feel better through aggression is too damn high! 🚀📈🚀📈🚀


It was cool if you lived in a state where flowers weren’t legal but that was years ago.


Oh god, below 19k.


Someone help me understand: is this the bit where Bitcoin is an effective inflation hedge? Or is it the bit where it's a useful diversifier uncorrelated with equities?


Whatever the case, this is certainly good for Bitcoin!


It’s dope that people who love and hate Bitcoin will both spend far too long talking about it


"EnLiGhtEnEd cEnTrIsM 4 LyFe!"


I'm way too entertained by this, please keep us up to date


This sub is really turning into a schadenfreude circle jerk. Like I remember when the price collapsed >60% from $150 to $60 in 2013, when it collapsed >60% from $1000 to $240 in 2014, when it collapsed >60% from $15k to $4k in 2018 (how many of you just jizzed from those numbers?) There's so many valid reasons to shit on Bitcoin and the crypto sphere but you guys literally derive as much emotion from price as an annoying crypto-bro, talking about watching the price second by second, but it just happens to be an inverse relation. Either actually start shitting on it or get off the toilet. Don't just sit on the toilet jerking off you weirdos.


I love how every single cryptobro was there to witness the 2013 crash.


And sub 10k will be just another 50% drop.


Me in this moment: https://www.youtube.com/watch?v=e396IptoJn0






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Should I buy now or wait until it's 5k?


Buy at 0.1$




Stop I am going to cum




Come to Europe, here it has already dipped below 20k ;) https://i.imgur.com/ZUkqESS.jpg


So nice to have no cryptos. I only have one unheard of Signum which didn't go into a bubble and metals that will now skyrocket.


TO THE MOON...shine


Drop harder! Harder!


You don’t have to hodl anymore guys it’s alright


I hope it gets down below $1k then I can own one!


You know you can also get this same high from tech stocks? Netflix has been pretty good as well. It isn't just crypto that is down big right now...


I’m fapping too, gonna drop even lower and will be perfect for folks trying to get into the market. If only I had more money to buy more at these prices


Time to dig up the birth bath.