ESOC Crypto Corner

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Spain Snuden
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Re: ESOC Crypto Corner

Post by Snuden »

And hardly any flame posts.
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Sweden Gendarme
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Re: ESOC Crypto Corner

Post by Gendarme »

This thread may be long now, but it is a big bubble. It will crash to under 10 pages one day.
Pay more attention to detail.
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Spain Snuden
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Re: ESOC Crypto Corner

Post by Snuden »

https://youtu.be/YobVYLJ2KoU

Title is wrong, the video is about Coinbase are looking into adding new coins.
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Re: ESOC Crypto Corner

Post by Gendarme »

How's everyone doing?
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Re: ESOC Crypto Corner

Post by Gendarme »

Pay more attention to detail.
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Re: ESOC Crypto Corner

Post by Gendarme »

Inst wrote:I'm making some nice money right now shorting Tesla.
Sup?
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Spain Snuden
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Re: ESOC Crypto Corner

Post by Snuden »

Hi Crypto fam!
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Re: ESOC Crypto Corner

Post by Snuden »

Gendarme wrote:Lmao what a moron - "epic journey"

https://twitter.com/BitcoinTre/status/1 ... 5714919427

Wasa wasa bitCONneeeeeeeeeeeeeeeeeeect
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Sweden Gendarme
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Re: ESOC Crypto Corner

Post by Gendarme »

ETH is crashing so fucking hard lmao. Is the ETH ICO bubble finally deflating? Time for a NEO bubble?
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Re: ESOC Crypto Corner

Post by Snuden »

They are all crashing hard, just BTC crashing less than most others.
>52% dominance right now.
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Re: ESOC Crypto Corner

Post by Gendarme »

ETH is actually worth less than it was a year ago. BNB is fucking killing it though! USDT is holding up quite well too. ;)
Pay more attention to detail.
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Re: ESOC Crypto Corner

Post by Snuden »

Hong Kong creates visa option for blockchain experts!
Depending on your blockchain PR you can now apply for a HK visa - WITHOUT even having a job offer.

I bet the bishes down on Lan Kwai Fong look forward to that.
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Spain Snuden
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Re: ESOC Crypto Corner

Post by Snuden »

The collapse of crypto is now officially worse than when the dot com bubble collapsed.
(calculated by the % of drop in value)
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Netherlands Goodspeed
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Re: ESOC Crypto Corner

Post by Goodspeed »

:hmm:
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Sweden Gendarme
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Re: ESOC Crypto Corner

Post by Gendarme »

Pelletier was convinced he’d developed a mining method that gave him an edge over everyone else, leading to 30% to 50% more in rewards.

Pelletier found investors on websites that allowed people to give and receive loans in bitcoin. On one site, he offered a fantastical interest rate of up to 19% a month. He said he would use the loans to buy new equipment, which would in turn enable him to be even more successful at mining bitcoin.

[...]

But as the cost of bitcoin mining continued to climb and his mining strategy failed, Pelletier began using the bitcoin from new investors to pay the interest he owed others, creating what was in effect a multimillion-dollar Ponzi scheme.

In a Facebook Messenger conversation with BuzzFeed News, Pelletier, 38, said he always intended to pay back the loans, and painted himself as an accidental Ponzi schemer.

“When you have lost you have to paid back and often with the capital of another loan,” he said, explaining that when he lost money, he used new loans to pay people back. (BuzzFeed News is including his comments as written for accuracy’s sake. Pelletier, who lives in Quebec and whose first language is French, was offered an opportunity to send a statement in French but didn’t do so.)

Today, Pelletier says he regrets ever having touched bitcoin. He doesn’t know exactly how much money he owes dozens of people, but it's about 200 bitcoins by his own calculations, worth more than $1 million at today's price. He is deep in debt and working an IT job to make ends meet. At the same time, some who loaned him bitcoin curse their foolishness for putting so much of their savings into the cryptocurrency and then lending some or all of it to a man halfway around the world, based on nothing more than a profile on a crypto lending website. They were part of a wave of early adopters from all over the world, including places where just one bitcoin can be worth a lifetime’s savings.

Source: https://www.buzzfeednews.com/article/ja ... ing-scheme


EleGiggle
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Spain Snuden
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Re: ESOC Crypto Corner

Post by Snuden »

EleKek
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Re: ESOC Crypto Corner

Post by Jam »

Time to buy!
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Re: ESOC Crypto Corner

Post by Snuden »

And HODL.
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Sweden Gendarme
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Re: ESOC Crypto Corner

Post by Gendarme »

Crash baby crash
Pay more attention to detail.
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Re: ESOC Crypto Corner

Post by Jam »

TFW you think some numbers on a computer make you actually rich but the cashier won't accept the binary code you scribbled on your last napkin.
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Re: ESOC Crypto Corner

Post by Gendarme »

The cashiers here do.
Pay more attention to detail.
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Netherlands edeholland
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Re: ESOC Crypto Corner

Post by edeholland »

I bought a beer with 2.5 euro worth of bitcoin, could just pay for it in the bar.

That was 4/5 years ago :cry:
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Re: ESOC Crypto Corner

Post by Gendarme »

That was one expensive fucking beer.
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Netherlands Goodspeed
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Re: ESOC Crypto Corner

Post by Goodspeed »

Ouch
Edit: actually BTC was only 10x cheaper back then
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Sweden Gendarme
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Re: ESOC Crypto Corner

Post by Gendarme »

"10x cheaper" :hmm:
Pay more attention to detail.

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