Kohl’s cash is the biggest pyramid scheme I’ve ever seen. Buy one thing there, you get Kohl’s cash to come back in a week, where you use your Kohl’s cash and get more Kohl’s cash. The cycle repeats until you enter rehab.
Fools! This year I invested in pumpkins. They've been going up the whole month of October, and I've got a feeling they're going to peak right around January and BANG! That's when I'll cash in!
This is the most confusing part of it for me. I work with a crypto enthusiast, and the most suspect aspect of the whole affair is that everything is good news. Crypto is stable? Proof of concept. Crypto is skyrocketing? Profits. Crypto is crashing? Time to buy.
I'm still trying to understand the premise of using something so insanely volatile as currency. The whole point of currency is as a uniform measure of exchange.
Bitcoin's price has been falling steadily since that ad came out, it was such a scam. If you invested a grand in bitcoin when that advert aired, you'd have just over $300 now.
Everyone talks about Matt Damon, what about Larry David? His “stupid skeptic through history” commercials literally associate people not willing to buy cryptocurrency with people against electricity.
I think the meme-ification of the crypto space killed that. In theory, I believe in what they were selling. But right now crypto is just another speculative investment class rather than what it was (is?) meant to be.
Wow, it's almost as if crypto tracks with the rest of the markets because it's simply another tool the ultra-rich use to fleece the common man of his money
This drop isn’t because of inflation. It’s because people speculated across all markets when money was cheap and now they are selling things to cover their losses. Bitcoin is perceived as riskiest, so it gets sold deepest. Doesn’t negate that it is legitimately deflationary by design. Market factors still apply.
Pizza Hut lost me when they got rid of crust flavors. Just decided to stop offering all of them one day. I know you're joking though and this is not a pizza discussion 🍕
The Gamer Girl Piss market was strong in 2019 but it appears to have since dipped. I’m still HODLing my jar in anticipation for another Belle Delphine tweet about Pisscoin. Apes Strong. To Uranus 🚀🚀🚀
Saw an ad last night for some crypto app on TV, they promised a 6% annual return on BTC just for using it as a credit/debit card. Tho I am in Argentina so maybe the news will take like a week to get here
There was a video on reddit the other day of a podcast where the host basically got the crypto bro to admit that he can create demand for new ventures just by putting money in and then people seeing that somebody else has put money into this thing and they want to follow. Even if the thing they are putting money into does absolutely nothing and has no value outside the cash people put in.
It's like Theranos, a seemingly groundbreaking but mostly flawed idea, and lots of investment. No real product and the product development get overtaken by the greedy VC part.
And you just need some poor schmuk to buy the crypto you're desperately trying to sell as the potential buyer prays that the value goes up even more- Because crypto is based on nothing.
I stupidly didn't sell when I had made around 3-4x profit about 2 years ago. I had been told a story by my girlfriend's dad: he got a good stock tip in the 80s from his brother in law, put in 500 bucks, it went to 5000 dollars, he sold and was happy with the profit but it would be worth several million today.
Saw a TikTok, that I hope was a parody, that was an "amateur financial advisor" (legitimately 16 years old I believe) and he was making a bull case for DOGE on the basis that "I have a feeling Elon Musk is about going to tweet about it in the next two weeks"
Hey, it’s easy to go around saying that bitcoin is a pointless scam and based on nothing and people deserve to lose all the money they’ve been scammed into putting into it since they’ve been warned about that since the beginning.
We have to consider the pain and suffering of those who spent so long telling us funny meme coins only go up, and that they were going to the moon and spent a long time trying to convince random idiots to join them in putting their life savings into a sure fire win with no downsides.
Bitcoin isn't based on nothing, it's a limited edition, numbered, certified high score for wasting electricity. Who wouldn't want to buy that off of you for actual money?
I kinda feel bad for my buddy who put the majority of his life savings into crypto. Specifically Luna and Bitcoin. Every time we’d meet up for dinner, I’d have to sit through hours of cryptospeak. I humored him. I haven’t seen him since the crash.
I think it's worth remembering that this has happened before with crypto though. It's volatile as fuck but we saw dips from 8k to 4k before, not really sure what that all means but we've seen drops this (relatively) big before and then it went to 60k. Idk what the fuck I'm talking about.
"We're sick of your financial markets with your regulations and policing! We're making our own market, totally free of any whoops where'd my house payment go?"
Another thing to keep in mind during this is that folks who love to talk about how good crypto is sold it as something you would want to have because it wouldn't deal with the inflation that the US dollar does.
Always Sunny is the best. Gasoline is the one thing you'd never sell door to door. Always cracks me up. "How do you plan on counting a liquid?" "I know how to count dude."
The real money in crypto is in profiting off the fluctuations. It's like how the people who made the most money during the Gold Rush were the people who sold clothes and equipment to the prospectors. The difference being that the actual gold was worth something long term if you happened to find some.
Thank God I didn't fall into the folly that is cryptocurrency. I invested my money into something that is going to be around to create generational wealth for my family, Blockbuster.
This is actually quite remarkable. The point of crypto currency is the opposite of this. Not sure how forward going this will be but if consistent this shows bitcoin is NOT a safe haven against local currency. Quite the opposite as it crashes faster then… cash.
1 year ago I had $4500 to invest. Instead of buying Dogecoin, I bought an actual Doge. A Shiba Inu puppy. Really glad I went for actual friendship and being social instead of watching that value just melt away.
I’m sorry if this is a stupid question—I literally just learned what the terms resistance and support mean in this context, and I’m still a little confused.
I’m an old fart and invested like 30 bucks a month or so ago in one of the crypto currency choices. I wanted to learn the process. I sold it when it got down to 20 today.
It's not so scary if you didn't sink your whole life savings into it. I put a little expendable income into both stocks and some different cryptos if it goes back up I can get my money back, if it goes way up I can get more, but otherwise I just treat it as a little money spent rather than "oh god I've lost everything"
The unmistakable signs of capitalism's death. Buying and selling nothing. A market in nothing. People going broke when their investments in nothing don't pan out.
All of the know-it-alls that were telling us that Bitcoin was the wave of the future are now saying, "If you had gotten out when I did, you'd be a millionaire.
Good thing I invested heavily in Kohl's Cash.
Dude that stuff is amazing. I saved $156 on a pair of jeans at Kohls the other day. The receipt told me so
My kids invest in Robux with my money for me.
Kohl’s cash is the biggest pyramid scheme I’ve ever seen. Buy one thing there, you get Kohl’s cash to come back in a week, where you use your Kohl’s cash and get more Kohl’s cash. The cycle repeats until you enter rehab.
I'm sitting pretty with my Chuck E. Cheese Preferred Customer Card.
I have spent all my mom’s SNAP card with on ZimbabweCoin.
Schrute bucks or bust is my new motto.
Damn that reminds me that mine just expired
I've been diligently accumulating reddit karma for a while now, just waiting for the right time to cash it out and buy my dream house in the Bahamas.
I’m resting comfortably in real estate …
I don't know why that's funny but I busted up immediately
Better start digging up the mayonnaise jar in the backyard…unless you spent that money on bitcoin already…
Jokes on you, that's where I keep my Bitcoin hard drive. Diamond hands. 💎 🙌
KENNITH CORDELLE GRIFFIN has entered the chat...
Mr. Moneybags with the back yard.
El Salvador must be really feeling this right now.
Especially as it turns out that as recently as May 9th their president was tweeting about how he was using public funds to
They are run by a crypto brosident.
Fools! This year I invested in pumpkins. They've been going up the whole month of October, and I've got a feeling they're going to peak right around January and BANG! That's when I'll cash in!
Hey there was that guy who lost it all in gourd futures...
To Homer! And to Sergeant Pepper, who is growing out of the middle of your back.
Ah, a fellow savvy investor. I’ve invested in Turkeys this November. Demand is skyrocketing! To the moon!
I told you to sell your pumpkin futures before Halloween! Before!
I am financially ruined (agricultural futures)
Homer you knucklehead you gotta sell your pumpkins before Halloween!
I dunno, I for one am all in on cabbages this year.
unexpectedsimpsons
Avocados usually peak at 6/30 pretty predictably as well. If you can help me short them, we can be rich.
If you missed the pumpkin opportunity, let me tell you about pine trees in December.
Forget that, I have my entire life savings plus a bunch on margin in ornamental gourd futures. They are going to take off
Oh my Gourd. We’ve got another one
Your fish are dead.
Hey where’d you get all that money to burn - or singe anyway
"This is good for bitcoin"
"Buy the dip!"
This is the most confusing part of it for me. I work with a crypto enthusiast, and the most suspect aspect of the whole affair is that everything is good news. Crypto is stable? Proof of concept. Crypto is skyrocketing? Profits. Crypto is crashing? Time to buy.
I'm still trying to understand the premise of using something so insanely volatile as currency. The whole point of currency is as a uniform measure of exchange.
A store of Devalue!
There and Back Again, a Cryptobro's Tale
What a Long, Strange Dip It's Been
To The Moon, and Back Again by J. R. Token
Thanks for the hearty chuckle
Did anyone tell Matt Damon?!
He's the rare example of someone actually making money off crypto.
Everyone's mad at him since he's the only one that made money lol
Bitcoin's price has been falling steadily since that ad came out, it was such a scam. If you invested a grand in bitcoin when that advert aired, you'd have just over $300 now.
Everyone talks about Matt Damon, what about Larry David? His “stupid skeptic through history” commercials literally associate people not willing to buy cryptocurrency with people against electricity.
My stash of paper Canadian Tire Money will one day rule them all!
But will it bind them in darkness?
Remember the crypto bros claiming Bitcoin was the way to go to avoid inflation and recessions cause the fundamentals were intangible? Where they at?
Bitcoin is a store of inflation, a hedge against value!
Crypto investors need to sell because of recession and inflation hitting their wallets, crypto value proceeds to drops.
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Yea my friend today is still trying to claim the USD is more volatile…
There's a fundamental problem with Bitcoin: there isn't enough to go around, and there never will be.
I'd almost feel bad for cryptobros if they weren't so fucking obnoxious
Remember someone saying it was going to 500k by end of year. Trying to pump that ponzi with FOMO
There’s still a ton of crypto bros begging people to buy the dip so they won’t lose their houses.
I think the meme-ification of the crypto space killed that. In theory, I believe in what they were selling. But right now crypto is just another speculative investment class rather than what it was (is?) meant to be.
One is running for conservative leadership in Canada!
Wow, it's almost as if crypto tracks with the rest of the markets because it's simply another tool the ultra-rich use to fleece the common man of his money
This drop isn’t because of inflation. It’s because people speculated across all markets when money was cheap and now they are selling things to cover their losses. Bitcoin is perceived as riskiest, so it gets sold deepest. Doesn’t negate that it is legitimately deflationary by design. Market factors still apply.
Bit-Coooonnneeeeeeeeeeeeeeeecccctt!
The world is not any more the way that it used to be uh uh uh no no no!
Wasssup wasssup wassup wassup wassssuuuuuup?!
Big-Coooonnnnnnnnnnnnnnnnnnnnn!
Thankfully my Pizza Hut Rewards points continue to rise. Better investment.
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USPS first class forever stamps are going up 3.4% on July 10. Absolutely risk-free investment.
No one listen to this crazy person! Pizza Hut Reward Points are only going down.
Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor.
Pizza Hut lost me when they got rid of crust flavors. Just decided to stop offering all of them one day. I know you're joking though and this is not a pizza discussion 🍕
Hey mom, Imma need buy four or five hundred more graphic cards to mine the difference. Can you ask grandpa for another loan?
Your comment made me realize we are def gonna see a crypto bro kill and aging family member for money so they can buy more cypto.
I’m glad I moved all my money from bitcoin to nfts of jars of farts.
A jar of farts will always have some value. Tangible assets are highly valued during economic downturns
It was one time in the 4th grade..,
The Gamer Girl Piss market was strong in 2019 but it appears to have since dipped. I’m still HODLing my jar in anticipation for another Belle Delphine tweet about Pisscoin. Apes Strong. To Uranus 🚀🚀🚀
How do you bottle up those butt odors
I noticed I stopped seeing ads for all those crypto trading apps lately.
hahahaha so true
Saw an ad last night for some crypto app on TV, they promised a 6% annual return on BTC just for using it as a credit/debit card. Tho I am in Argentina so maybe the news will take like a week to get here
Beef Jerky Futures is where it’s at
I know a local butcher shop that quit their storefront to focus on meat sticks (like slim jims).
Fortune favors the ________?
Already wealthy
Ones who don't get caught.
Children of the wealthy?
Fortune favors The Bourne Legacy
Crypto -- it's like owning stock in a company. when it goes up everyone wins. Except that there is no company. just stock.
There was a video on reddit the other day of a podcast where the host basically got the crypto bro to admit that he can create demand for new ventures just by putting money in and then people seeing that somebody else has put money into this thing and they want to follow. Even if the thing they are putting money into does absolutely nothing and has no value outside the cash people put in.
It's like Theranos, a seemingly groundbreaking but mostly flawed idea, and lots of investment. No real product and the product development get overtaken by the greedy VC part.
And you just need some poor schmuk to buy the crypto you're desperately trying to sell as the potential buyer prays that the value goes up even more- Because crypto is based on nothing.
This is identical to the wildcatting that happened in banking in the 19th century.
Please, enlighten us further, seriously. I’ve never heard about this.
"Bro, now is the time to consolidate"
The difference being that those banks presumably had some sort of assets that (theoretically, at least) supported the currency they issued.
Lol bro so you think some shit that some people did 150 years ago has anything to do with US?? Lmao bro humans have evolved so much since then
It’s Dutch Tulip Mania, but digital .
I stupidly didn't sell when I had made around 3-4x profit about 2 years ago. I had been told a story by my girlfriend's dad: he got a good stock tip in the 80s from his brother in law, put in 500 bucks, it went to 5000 dollars, he sold and was happy with the profit but it would be worth several million today.
Bitcoin fools.
Put $50 into DOGE less than an hour before Elon was on SNL. It's currently at a sweet sweet $4.42.
Saw a TikTok, that I hope was a parody, that was an "amateur financial advisor" (legitimately 16 years old I believe) and he was making a bull case for DOGE on the basis that "I have a feeling Elon Musk is about going to tweet about it in the next two weeks"
Buy high, sell low, its the doge way
billionaire confirmed!
Hey, it’s easy to go around saying that bitcoin is a pointless scam and based on nothing and people deserve to lose all the money they’ve been scammed into putting into it since they’ve been warned about that since the beginning.
We have to consider the pain and suffering of those who spent so long telling us funny meme coins only go up, and that they were going to the moon and spent a long time trying to convince random idiots to join them in putting their life savings into a sure fire win with no downsides.
Gonna be a HUGE yard sale on used graphics cards. I can just feel it.
Bitcoin isn't based on nothing, it's a limited edition, numbered, certified high score for wasting electricity. Who wouldn't want to buy that off of you for actual money?
I kinda feel bad for my buddy who put the majority of his life savings into crypto. Specifically Luna and Bitcoin. Every time we’d meet up for dinner, I’d have to sit through hours of cryptospeak. I humored him. I haven’t seen him since the crash.
I think it's worth remembering that this has happened before with crypto though. It's volatile as fuck but we saw dips from 8k to 4k before, not really sure what that all means but we've seen drops this (relatively) big before and then it went to 60k. Idk what the fuck I'm talking about.
"We're sick of your financial markets with your regulations and policing! We're making our own market, totally free of any whoops where'd my house payment go?"
At some point Bitcoin went from new currency to make web purchases easy to investment vehicle. And it has been a mess ever since.
Any time a crypto bro tells me bitcoin has intrinsic value, I immediately know that I have to speak to them like I would a toddler.
"Trust me, the value of tulip bulbs can only go up."
paid to ride the wayback machine for that one
Reaching back to 1636 for this quote. It did not age well.
Tulips on deez nuts
a variegated success
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Well sure! You plant them in dirt, and in a few weeks they make flowers O:-)
Would you like some Nice Flippin' Tulips?
Like what they say, you can't spell crypto without cry.
It’s just a little airborne it’s still good, it’s still good!
Another thing to keep in mind during this is that folks who love to talk about how good crypto is sold it as something you would want to have because it wouldn't deal with the inflation that the US dollar does.
It’s become a bit tethered to the stock market now that the crypto market has become dominated by institutional investors.
Luckily all my money is in 1990s mountain bikes with tires that cost 3x as much as the bike
Do people use these things to actually buy/sell real stuff directly, without converting it into “real” money at some point? I don’t know.
That’s the fundament problem with it as an actual currency imo.
A few weeks ago a customer at work tried to make an order and pay with it. We said no and they were confused why we didn't want it.
Reminds me of the Sunny episode, "The Gang Solves the Gas Crisis"
You gonna quote Sunny here and leave out paddy’s bucks…….
Always Sunny is the best. Gasoline is the one thing you'd never sell door to door. Always cracks me up. "How do you plan on counting a liquid?" "I know how to count dude."
Nothin from nothin leaves nothin
Ya gotta have somethin
Hey , and I care 0%.
I’m not sure what you consider reasonable but they’re now below $800
They’re in stock everywhere. Also, Bitcoin mining doesn’t use GPUs.
Really think I’m gonna start buying. Sold like 6 months ago
Let them sink as much as possible, I'm buying in the bottom of the dip.
For me, the only value this coin will have in the future is historical interest.
The real money in crypto is in profiting off the fluctuations. It's like how the people who made the most money during the Gold Rush were the people who sold clothes and equipment to the prospectors. The difference being that the actual gold was worth something long term if you happened to find some.
Thank God I didn't fall into the folly that is cryptocurrency. I invested my money into something that is going to be around to create generational wealth for my family, Blockbuster.
I'm still hodl'n Circuit City.
It'd be amazing if the price crashes AND the difficulty for the next block increased 10-100x.
This is actually quite remarkable. The point of crypto currency is the opposite of this. Not sure how forward going this will be but if consistent this shows bitcoin is NOT a safe haven against local currency. Quite the opposite as it crashes faster then… cash.
Me waits for btc to crash so I can buy it all and wait for it to soar to the 100K as promised
This is good for buttcoin
Hell yea!
Maybe jus maybe the 3070 ti will be available...
Been available in Sweden for about a month now, bought one at 780$.
The joy i get from this comes from the fact that crypto bro dudes are the most annoying fucking people. Also their papa Elon’s tear-stained pillows
Even my wife's boyfriend is worried!
It's NOT a "meltdown"!
Yep and we laugh
There's always money in the banana stand.
Pump and dump scheme deflates at signs of volatile and receding economy.
1 year ago I had $4500 to invest. Instead of buying Dogecoin, I bought an actual Doge. A Shiba Inu puppy. Really glad I went for actual friendship and being social instead of watching that value just melt away.
fartcoin is where's its at
For a super fun time, search Google News for
I’m sorry if this is a stupid question—I literally just learned what the terms resistance and support mean in this context, and I’m still a little confused.
I’m an old fart and invested like 30 bucks a month or so ago in one of the crypto currency choices. I wanted to learn the process. I sold it when it got down to 20 today.
It's not so scary if you didn't sink your whole life savings into it. I put a little expendable income into both stocks and some different cryptos if it goes back up I can get my money back, if it goes way up I can get more, but otherwise I just treat it as a little money spent rather than "oh god I've lost everything"
Buy high, sell low mate. That's the way to do it
It’s not really a meltdown as much as it is a de levering. Flushing the margin out of the market. Right? …right?
The unmistakable signs of capitalism's death. Buying and selling nothing. A market in nothing. People going broke when their investments in nothing don't pan out.
I never get a rush as much as I do when watching cryptobros post Ls
It's going to go up, and down, and up.
There also shouldn't be commercials for money
That's always been my reply to the promoters - you're talking about something that can crash based on a single Elon Musk tweet.
guess I bought a little too soon. at least I'm playing with petty cash, not my life savings.
Meltdown…lol. It’s just part of the Btc circle. Same as the last two.
People act like this hasn’t happened at least twice before..
When you can buy bitcoin from a kiosk at a gas station, that's when you know it's time to dump.
Fortune favors the broke
Oh good, now it's only not really worth $22K.
We are probably not far from the point where the cost of electricity makes mining uneconomic, mining stops, and bitcoin ceases to be a thing.
Mining only stops at home. There's always flying under the radar aka botnets and mining on your employer's hardware
Responsible for electricity usage equivalent of 50 million people a year. Horrible for the environment
It was intangible, until crypto exchanges started to allow trading in futures markets. The second that happened, it was over.
Remember to sell the dip
Tesla is up next, fools
Crypto Bros about to start investing in $ROPECOIN
All of the know-it-alls that were telling us that Bitcoin was the wave of the future are now saying, "If you had gotten out when I did, you'd be a millionaire.
What percentage of the stock market is at their 18 month low?
Crypto is today's fool's gold! All those investors trying to get their money out are driving the price down.
Cool, are video cards going to cost less than two kidneys and a liver now?
Yeah pretty much everything in the market is down.
What do you mean BTC can go down? This is a scam! I want to speak to the manager!
This is great news. Money is made at the bottom
Who knew that fake money and companies that don’t make money would end badly? All of us that were old enough to have lived through 2000-2002.
Crypto bros in this thread with surprised Pikachu face when they find out the world dislike crypto
Bitcoin is connected to the market it seems.
Still over $20k for a "coin" that doesn't exist? There is still plenty of gas in that ponzi scheme.
Correct me if i’m wrong, but wasnt crypto designed and touted for it’s ability to thrive during markets lime this?