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Thread: The Automation Spiral (obligatory loleconomics thread v2)

  1. #2621
    Joe Appleby's Avatar
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    Quote Originally Posted by Lowa [NSN] View Post
    Quote Originally Posted by VARRAKK View Post
    In the meantime I bought Ravencoins for 200k euros and sold less then two weeks later for 460k.
    Game plans was to hold them until end of year when the block gets halved. Oh well, better off now.
    Congratulations and fuck you!



    And its now adjusted to the ~$170 level so only -39% (got a few at $120 that off-sets the 320's).
    Quote Originally Posted by Isyel View Post
    Quote Originally Posted by August View Post
    Quote Originally Posted by VARRAKK View Post
    In the meantime I bought Ravencoins for 200k euros and sold less then two weeks later for 460k.
    Game plans was to hold them until end of year when the block gets halved. Oh well, better off now.
    Dang, you have massive balls to put that amount of money into crypto.
    That's not balls, that's someone who's either so rich it's no real risk at all or pure lunacy.

    Either way not something to be celebrated.
    I feel both of these posts.
    nevar forget

  2. #2622
    Movember '12 Best Facial Hair Movember 2012Donor Lallante's Avatar
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    Man some jelly peeps here.

  3. #2623
    GeromeDoutrande's Avatar
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    Only concern I have is over the extra CO2 for all that math tulip growing

  4. #2624
    VARRAKK's Avatar
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    Quote Originally Posted by Isyel View Post
    Quote Originally Posted by August View Post
    Quote Originally Posted by VARRAKK View Post
    In the meantime I bought Ravencoins for 200k euros and sold less then two weeks later for 460k.
    Game plans was to hold them until end of year when the block gets halved. Oh well, better off now.
    Dang, you have massive balls to put that amount of money into crypto.
    That's not balls, that's someone who's either so rich it's no real risk at all or pure lunacy.

    Either way not something to be celebrated.
    Actually it is called research. It is the most basic Supply & Demand case.
    If supply gets choked, price will go up. And Ravencoin is not a useless gimmicky crypto.
    It was a very solid investment case. Bank account confirms it.
    Why is it called earth, when it is mostly water???

  5. #2625
    GeromeDoutrande's Avatar
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    What was the investment case for buying and selling Ravencoins?

  6. #2626

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    Quote Originally Posted by VARRAKK View Post
    Actually it is called research. It is the most basic Supply & Demand case.
    If supply gets choked, price will go up. And Ravencoin is not a useless gimmicky crypto.
    It was a very solid investment case. Bank account confirms it.
    The act of putting 200k on a random ass cryptocurrency alone is privilege of a hilarious degree.

    I'm happy it worked out, but there's no bravery to it.

    Quote Originally Posted by GeromeDoutrande View Post
    What was the investment case for buying and selling Ravencoins?
    "this is not a gimmick crypto" says every man dealing with gimmick crypto

    i have nothing against making money off crypto, been in it myself before, but the whole thing is a gimmick really
    Last edited by Isyel; February 26 2021 at 09:19:09 AM.

  7. #2627
    rufuske's Avatar
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    Finally someone asking real questions:

    https://prospect.org/power/gamestop-...-selling-scam/

    Ofc topic completely ignored by CNBC and the likes.

  8. #2628
    VARRAKK's Avatar
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    Quote Originally Posted by GeromeDoutrande View Post
    What was the investment case for buying and selling Ravencoins?
    Profit opportunity, same reason you would buy and sell stocks. Or any other investment.
    Why is it called earth, when it is mostly water???

  9. #2629
    GeromeDoutrande's Avatar
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    Quote Originally Posted by VARRAKK View Post
    Quote Originally Posted by GeromeDoutrande View Post
    What was the investment case for buying and selling Ravencoins?
    Profit opportunity, same reason you would buy and sell stocks. Or any other investment.
    Why this investment? What was the case for the expectation of profit?

  10. #2630
    Movember 2011 RazoR's Avatar
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    Quote Originally Posted by rufuske View Post
    Finally someone asking real questions:

    https://prospect.org/power/gamestop-...-selling-scam/

    Ofc topic completely ignored by CNBC and the likes.
    >lucy komisar

    literally communist propaganda

  11. #2631
    Paradox's Avatar
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    Quote Originally Posted by RazoR View Post
    Quote Originally Posted by rufuske View Post
    Finally someone asking real questions:

    https://prospect.org/power/gamestop-...-selling-scam/

    Ofc topic completely ignored by CNBC and the likes.
    >lucy komisar

    literally communist propaganda


    Poland treats me like shit and I hate them as a result of it

  12. #2632
    GeromeDoutrande's Avatar
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    How Bitcoin's vast energy use could burst its bubble
    https://www.bbc.co.uk/news/science-environment-56215787

    Here is another article pointing out what a stupid idea digital trinket making is.

  13. #2633
    Donor erichkknaar's Avatar
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    Quote Originally Posted by GeromeDoutrande View Post
    How Bitcoin's vast energy use could burst its bubble
    https://www.bbc.co.uk/news/science-environment-56215787

    Here is another article pointing out what a stupid idea digital trinket making is.
    I mean, making trinkets out of a soft, easily melted metal is kind of dumb too, but it's not like that stopped us...
    meh

  14. #2634
    Joshua Foiritain's Avatar
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    Cryptocurrency is a test designed by aliens. You can make lotsa money doing the mining thing but doing so accelerates the collapse of your only planets' biosphere.

    Will these monkeys overcome their greed and join the galactic community or will they wipe themselves out in the pursuit of imaginary wealth? Tune in to galaxychannel 16393 tonight at 20:00 galactic standard time to find out!



  15. #2635
    Lief Siddhe's Avatar
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    Cryptocurrency is peak retardation. Literally making nothing (well, 0's and 1's) out of something. One good solar flare and it's literally all gone. Literally.
    I was somewhere around Old Man Star, on the edge of Essence, when drugs began to take hold.

  16. #2636
    Movember 2011 RazoR's Avatar
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    Quote Originally Posted by Lief Siddhe View Post
    Currency is peak retardation. Literally making nothing (well, paper and ink) out of something. One good fire and it's literally all gone. Literally.
    ayyyy lmao

  17. #2637
    Totally Not Larkonnis's Avatar
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    Jelly nocoiners ITT...


  18. #2638
    Lief Siddhe's Avatar
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    Quote Originally Posted by RazoR View Post
    Quote Originally Posted by Lief Siddhe View Post
    Currency is peak retardation. Literally making nothing (well, paper and ink) out of something. One good fire and it's literally all gone. Literally.
    ayyyy lmao
    absolutely true, both. Money is worthless, it's the things somebody actually made that you buy with it that actually have practical value in the real world.

    edit: I'm mostly annoyed re:bitcoin by the amount of energy spent in making it, as Joshua pointed out succinctly.
    I was somewhere around Old Man Star, on the edge of Essence, when drugs began to take hold.

  19. #2639
    Donor Spaztick's Avatar
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    If people find it valuable then it has use even if it's intangible. You could say the value in bitcoin is that it isn't a fiat currency tied to any particular government. It's your ultra-corporate currency.

  20. #2640
    Movember 2011 RazoR's Avatar
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    Quote Originally Posted by Spaztick View Post
    If people find it valuable then it has use even if it's intangible. You could say the value in bitcoin is that it isn't a fiat currency tied to any particular government. It's your ultra-corporate currency.
    https://youtu.be/acqpulP1hLo?t=230

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