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People taking out second mortgages, using credit cards to buy crypto

https://www.zerohedge.com/news/2018-01-11/new-survey-reveals...
Coriolanus
  01/13/18
when it crashes i want to rape the boomers' homes.
MoreDoughHi
  01/13/18
i took out lines of credit under my children's names. we sin...
peeface
  01/13/18
The issue is also that the exchanges depend on short term ba...
Refunkulus
  01/13/18
Did not know the exchanges did fractional reserve banking. W...
Coriolanus
  01/13/18
Also arn't they running bots as well to skim? And pocketing ...
Refunkulus
  01/13/18
I don't know. I have zero skin in the game because I knew cr...
Coriolanus
  01/13/18
(guy lol'ing at the idea of "computers" in the 197...
Nevertheless, he insisted
  01/16/18
There is no "anti-kike" mechanism in the Bitcoin p...
alzabo
  01/13/18
The fucking exchanges use fractional reserves? Holy shit lma...
Jean Jacques Jingleheimerdood
  01/13/18
sauce for this?
.,.,....,.,.,.,:,:,...,:::,....,:,.,.:...,:.::,.
  01/13/18
unnnnngh dat totally unregulated bank tip
an idiot paying ur grandma $2.4mm for her minerals
  01/13/18
This is false and makes no sense.
ESL Wilbur
  01/13/18
(Coinbase spokesman)
an idiot paying ur grandma $2.4mm for her minerals
  01/13/18
lmao
''"'"''"
  01/13/18
credit cards are 180. can get like 50k of credit with 0% APR...
lawdads8
  01/13/18
Don't disagree with the premise, but if you buy with a credi...
H.R. Puffendorf
  01/13/18
Manias and bubbles are synonymous. You need to time the m...
Coriolanus
  01/13/18
risten, brockchain berry disluptibe technorojee. hab ah rear...
an idiot paying ur grandma $2.4mm for her minerals
  01/13/18
Excess revenue (i.e. profit) is shared with shareholders. Yo...
Marathi's Vineyard
  01/13/18
lol I even bought some. this goose is cooked
gibberish
  01/13/18
Sorry bros
gibberish
  01/16/18
Real talk: only people with nothing to lose bought crypttto....
Bedroom Bully
  01/16/18


Poast new message in this thread



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Date: January 13th, 2018 6:31 PM
Author: Coriolanus (STEM to Win)

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.

(http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35149344)



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Date: January 13th, 2018 6:32 PM
Author: MoreDoughHi

when it crashes i want to rape the boomers' homes.

(http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35149350)



Reply Favorite

Date: January 13th, 2018 6:32 PM
Author: peeface

i took out lines of credit under my children's names. we sink or swim together



(http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35149351)



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Date: January 13th, 2018 6:39 PM
Author: Refunkulus (never count out a MUSCLE NUT)

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: Coriolanus (STEM to Win)

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: Refunkulus (never count out a MUSCLE NUT)

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: Coriolanus (STEM to Win)

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: Nevertheless, he insisted

(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: alzabo

There is no "anti-kike" mechanism in the Bitcoin protocol.

(http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35150139)



Reply Favorite

Date: January 13th, 2018 6:59 PM
Author: Jean Jacques Jingleheimerdood

The fucking exchanges use fractional reserves? Holy shit lmao, first time Iíve been happy to be a nocoiner in quite some time.

(http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35149506)



Reply Favorite

Date: January 13th, 2018 7:03 PM
Author: .,.,....,.,.,.,:,:,...,:::,....,:,.,.:...,:.::,.


sauce for this?

(http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35149534)



Reply Favorite

Date: January 13th, 2018 7:04 PM
Author: an idiot paying ur grandma $2.4mm for her minerals

unnnnngh dat totally unregulated bank tip

(http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35149537)



Reply Favorite

Date: January 13th, 2018 7:06 PM
Author: ESL Wilbur (Short Pride World Wide)

This is false and makes no sense.

(http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35149552)



Reply Favorite

Date: January 13th, 2018 7:07 PM
Author: an idiot paying ur grandma $2.4mm for her minerals

(Coinbase spokesman)

(http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35149557)



Reply Favorite

Date: January 13th, 2018 9:14 PM
Author: ''"'"''"

lmao

(http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35150133)



Reply Favorite

Date: January 13th, 2018 6:43 PM
Author: lawdads8

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: H.R. Puffendorf

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.



(http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35149421)



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Date: January 13th, 2018 6:51 PM
Author: Coriolanus (STEM to Win)

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.

(http://www.autoadmit.com/thread.php?thread_id=3858648&forum_id=2#35149464)



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Date: January 13th, 2018 7:02 PM
Author: an idiot paying ur grandma $2.4mm for her minerals

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: Marathi's Vineyard

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: gibberish

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: gibberish

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: Bedroom Bully (All poasts are performance art )

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)