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People taking out second mortgages, using credit cards to buy crypto
Poast new message in this thread
Date: January 13th, 2018 6:31 PM Author: amber forum https://www.zerohedge.com/news/2018-01-11/new-survey-reveals-staggering-number-people-are-buying-bitcoin-their-credit-cards
I was mocked for saying crypto speculation could cause a recession if people bought crypto using debt secured by real assets.
I'm not worried about the people on this board or their friends doing that. I'm worried about the boobs and randos who don't have play money to speculate with. |
Date: January 13th, 2018 6:32 PM Author: Outnumbered swollen range scourge upon the earth when it crashes i want to rape the boomers' homes. (http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35149350) |
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Date: January 13th, 2018 6:32 PM Author: Beady-eyed home i took out lines of credit under my children's names. we sink or swim together
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Date: January 13th, 2018 6:39 PM Author: house-broken pozpig cuck The issue is also that the exchanges depend on short term bank financing now, and they are doing fractional reserve banking (http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35149391) |
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Date: January 13th, 2018 6:42 PM Author: amber forum Did not know the exchanges did fractional reserve banking. What a bunch of con men. Wasn't Bitcoin conceived as a parallel financial system that would avoid the pitfalls of the real one? (http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35149407) |
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Date: January 13th, 2018 6:43 PM Author: house-broken pozpig cuck Also arn't they running bots as well to skim? And pocketing Proof of Stake distributions to tokenholders? (http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35149412) |
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Date: January 13th, 2018 6:47 PM Author: amber forum I don't know. I have zero skin in the game because I knew crypto would not end well and I have no desire to profit or suffer from chicanery. (http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35149437) |
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Date: January 16th, 2018 4:36 PM Author: geriatric rehab corn cake (guy lol'ing at the idea of "computers" in the 1970s) (http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35170019) |
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Date: January 13th, 2018 9:18 PM Author: Fragrant Snowy Background Story School There is no "anti-kike" mechanism in the Bitcoin protocol. (http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35150139) |
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Date: January 13th, 2018 6:59 PM Author: Contagious carmine meetinghouse karate The fucking exchanges use fractional reserves? Holy shit lmao, first time I’ve been happy to be a nocoiner in quite some time. (http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35149506) |
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Date: January 13th, 2018 7:03 PM Author: Dull Pocket Flask sauce for this? (http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35149534) |
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Date: January 13th, 2018 7:04 PM Author: razzmatazz box office unnnnngh dat totally unregulated bank tip (http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35149537) |
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Date: January 13th, 2018 7:06 PM Author: citrine dashing sound barrier This is false and makes no sense. (http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35149552) |
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Date: January 13th, 2018 7:07 PM Author: razzmatazz box office (Coinbase spokesman) (http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35149557) |
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Date: January 13th, 2018 9:14 PM Author: Fuchsia hell lmao (http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35150133) |
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Date: January 13th, 2018 6:43 PM Author: copper titillating wrinkle credit cards are 180. can get like 50k of credit with 0% APR for like 15 months right now (http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35149411) |
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Date: January 13th, 2018 6:44 PM Author: Olive racy hospital turdskin Don't disagree with the premise, but if you buy with a credit card on Coinbase, it's immediately available versus 7-day wait for ACH.
Everyone talking bubble are premature. They are going to miss out on a TON of wealth. Coins are actually getting real-world partnerships now, which will mean revenue. The institutions are just getting into the space. I do think the value of the blockchain is overstated, but there is no way this mania is going away for 2 years at least.
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Date: January 13th, 2018 6:51 PM Author: amber forum Manias and bubbles are synonymous.
You need to time the market twice to win the game. Few can do that.
Even if I won I couldn't shake the icky feeling, knowing others lost what I won. |
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Date: January 13th, 2018 7:02 PM Author: razzmatazz box office risten, brockchain berry disluptibe technorojee. hab ah rear worrr paltnelsheep. (http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35149518) |
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Date: January 13th, 2018 9:13 PM Author: Appetizing set elastic band Excess revenue (i.e. profit) is shared with shareholders. You are NOT a shareholder. (http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35150129) |
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Date: January 13th, 2018 7:14 PM Author: Peach gaming laptop dopamine lol I even bought some. this goose is cooked (http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35149583) |
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Date: January 16th, 2018 4:34 PM Author: Peach gaming laptop dopamine Sorry bros (http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35169991) |
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Date: January 16th, 2018 4:43 PM Author: magical irradiated faggot firefighter persian Real talk: only people with nothing to lose bought crypttto. I'm not saying none of them will make a huge profit but so do lottery winners and it doesn't make it a good idea for people who would rather back themselves in the real world than speculate on Ponzi schemes completely out of their control. The crypttto "winners" will also neglect to mention the 100 other schemes they fell for and lost out on. It's an unrepresentative sample to focus solely their one gambling success (http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35170079) |