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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: provocative mother 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: Vigorous Citrine Toilet Seat Patrolman 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: shimmering potus 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: Brilliant Razzle Love Of Her Life 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: provocative mother 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: Brilliant Razzle Love Of Her Life 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: provocative mother 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: Grizzly cerebral senate (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: lascivious rough-skinned giraffe 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: Godawful multi-billionaire goal in life 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: Gay insanely creepy locus 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: Cobalt big shrine becky 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: Bull headed institution 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: Cobalt big shrine becky (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: Hyperactive jewess cruise ship 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: Charismatic laser beams corn cake 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: motley friendly grandma 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: provocative mother 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: Cobalt big shrine becky 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: histrionic garrison round eye 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: hairraiser fantasy-prone trailer park 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: hairraiser fantasy-prone trailer park 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: Cocky Rambunctious Forum Kitty 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) |