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Dwarflord
06-14-2019, 11:49 AM
Visa mastercard and discover all backing facebooks new crypto?

overnight it will replace all currency in the southern hemisphere as seen on TV Right now @ MSNBC

Dwarflord
06-14-2019, 11:59 AM
https://www.wsj.com/articles/facebooks-new-cryptocurrency-gets-big-backers-11560463312

Dwarflord
06-14-2019, 12:00 PM
The financial and e-commerce companies, venture capitalists and telecommunications firms will invest around $10 million each in a consortium that will govern the digital coin, called Libra, according to people familiar with the matter. The money would be used to fund the creation of the coin, which will be pegged to a basket of government-issued currencies to avoid the wild swings that have dogged other cryptocurrencies, they said.

The Wall Street Journal reported last month that Facebook was recruiting backers to help start the crypto-based payments system and was seeking to raise as much as around $1 billion for the effort.

In the works for more than a year, the secretive project revolves around a digital coin that its users could send to each other and use to make purchases both on Facebook and across the internet.

Talks with some of the partners are ongoing, and the group’s eventual membership may change, the people added.

Dwarflord
06-14-2019, 12:02 PM
which will be pegged to a basket of government-issued currencies to avoid the wild swings that have dogged other cryptocurrencies

which will be pegged to a basket of government-issued currencies to avoid the wild swings that have dogged other cryptocurrencies

which will be pegged to a basket of government-issued currencies to avoid the wild swings that have dogged other cryptocurrencies


Doge meme

Lambo pic tassador isnt getting

DinoTriz2
06-14-2019, 12:10 PM
I'm personally investing in Waffle House coin

Wonkie
06-14-2019, 12:37 PM
coincels gonna finmax with facecoin

Dwarflord
06-14-2019, 01:27 PM
All crypto dies the day facebook crypto is released guaranteed

Wonkie
06-14-2019, 01:39 PM
facebook is disrupting the salary industry by allowing employees to be paid in company scrip (https://youtu.be/E5VMZqgVzRo)

quido
06-14-2019, 02:49 PM
Crypto is for suckers.

DinoTriz2
06-14-2019, 02:57 PM
Crypto is for suckers.

Making loads of money is for suckers?

Huh...weird.

DinoTriz2
06-14-2019, 03:21 PM
I'd be poor if I had kids

I'll have my required 3 kids soon

I'm doing my part to not be replaced

DinoTriz2
06-14-2019, 04:01 PM
I must secure the existence of my lambo and hot tub so I can make a future for my white children

loramin
06-14-2019, 04:05 PM
Making loads of money is for suckers?

Huh...weird.

How do you think you make loads of money without suckers to take it from?

DinoTriz2
06-14-2019, 04:16 PM
How do you think you make loads of money without suckers to take it from?

How are they suckers for buying my crypto?

If anything, I'm a sucker for selling my crypto.

Dwarflord
06-14-2019, 04:54 PM
Making loads of money is for suckers?

Huh...weird.

Show us how much you are making please.

Dwarflord
06-14-2019, 04:55 PM
going to keep it till its worth 0?

DinoTriz2
06-14-2019, 04:55 PM
Show us how much you are making please.

I've posted countless screenshots of my portfolio all over these forums

DinoTriz2
06-14-2019, 04:56 PM
going to keep it till its worth 0?

Already did, and it went back up.

Glad I didn't sell like a pussy

Wonkie
06-14-2019, 04:56 PM
I've posted countless screenshots of my portfolio all over these forums

you've posted like 3, Florida Man

DinoTriz2
06-14-2019, 05:09 PM
you've posted like 3, Florida Man

So what, you need my SSN now?

Wonkie
06-14-2019, 05:12 PM
So what, you need my SSN now?

your counting skills may be related to your enthusiasm for crypto somehow hmm

DinoTriz2
06-14-2019, 05:30 PM
your counting skills may be related to your enthusiasm for crypto somehow hmm

3 +? =?

My skills are fine

Wonkie
06-14-2019, 05:39 PM
3

"countless"

DinoTriz2
06-14-2019, 05:47 PM
"countless"

Yeah, "countless" means "at least 3".

Lol wow you didn't know that?

Dwarflord
06-14-2019, 07:16 PM
the only pic i remember you posting you lost 70% of what you had or spent

DinoTriz2
06-14-2019, 07:18 PM
the only pic i remember you posting you lost 70% of what you had or spent

If that's not successful, I don't know what is

Dwarflord
06-14-2019, 07:25 PM
duno my money goes up by 20-30% every year and i seem to make more each and every month that goes by

maybe im doing it wrong

DinoTriz2
06-14-2019, 07:50 PM
duno my money goes up by 20-30% every year and i seem to make more each and every month that goes by

maybe im doing it wrong

Yeah, you're supposed to lose a bunch and then every news article you read should cause you to say "this is good for Bitcoin"

DinoTriz2
06-14-2019, 08:11 PM
In all seriousness, my history is a textbook example of how not to invest.

I started in late November 2017, after a relative talked me into investing. He's also a diehard zealot when it comes to crypto.

To be fair, he was talking to me for years about getting in, and if I did sooner, I'd probably be a multimillionaire now. (seriously)

He also didn't hold my hand, so I made MANY costly mistakes.

My investment blew up like 3 days after I bought in. Made about $7,000 in a few days. I was excited. I didn't know that you're not supposed to buy when it goes parabolic, at least not when it has been up for awhile.

I bought a lot of stuff at ATH prices.

I think I have a Litecoin that I bought for $375.

I also bought a bunch of alt coins. Big gamble.

I just found out one was a scam the other day. Exchanges pulled it off - can't liquidate them. That's about $1600 down the drain.

My portfolio stayed around -90% for the entirety of 2018.

Things started improving in the last few months and now my portfolio is around -60%.

I haven't panic sold. I'm just waiting it out. Hopefully I'll break even. My Litecoin might be my saving grace since the "Halvining" is taking place in less than 2 months.

I probably will cash out when and if I break even.

Then I'll either buy a house or invest in something other than Crypto. It's too volatile for me.

Dwarflord
06-15-2019, 03:33 PM
Failure is the best teacher - master yoda

Don't beat yourself up about losing money, its not possible to invest in anything or launch any projects or business's without the risk of losing money.

It hurts, and at some point in everyone's life they will lose money.

But the thing is, when you lose YOUR OWN money, you are going to learn really quick.

When i started my first business i remember walking into the bank trying to get a 5k loan, they basically told me without a plan to pay it back it probably would never happen as suntrust is bad with small business.

Everytime i go there they offer me a 50k loan now but i dont need it, i am liquid.

You seem to be pretty smart dino, start a business ASAP

Mota
06-16-2019, 12:27 PM
In all seriousness, my history is a textbook example of how not to invest.

I started in late November 2017, after a relative talked me into investing. He's also a diehard zealot when it comes to crypto.

To be fair, he was talking to me for years about getting in, and if I did sooner, I'd probably be a multimillionaire now. (seriously)

He also didn't hold my hand, so I made MANY costly mistakes.

My investment blew up like 3 days after I bought in. Made about $7,000 in a few days. I was excited. I didn't know that you're not supposed to buy when it goes parabolic, at least not when it has been up for awhile.

I bought a lot of stuff at ATH prices.

I think I have a Litecoin that I bought for $375.

I also bought a bunch of alt coins. Big gamble.

I just found out one was a scam the other day. Exchanges pulled it off - can't liquidate them. That's about $1600 down the drain.

My portfolio stayed around -90% for the entirety of 2018.

Things started improving in the last few months and now my portfolio is around -60%.

I haven't panic sold. I'm just waiting it out. Hopefully I'll break even. My Litecoin might be my saving grace since the "Halvining" is taking place in less than 2 months.

I probably will cash out when and if I break even.

Then I'll either buy a house or invest in something other than Crypto. It's too volatile for me.

You'll break even over next year or two. Like you said halvings are coming, easy price boost. The volatility can be rough no doubt, but aside from govt intervention/regulation somehow shattering the market, coins are easy money and will continue to be so for years. Maybe don't cash out 100%, leave a little bit of BTC if you wanna make money with zero effort over next few years.

Park a little in BTC it will pay off. Not 1million% anymore but you'll make easy money. Buy alt coins if you wanna gamble, but you seem to have figured out alt coins the hard way =(

Dwarflord
06-16-2019, 01:13 PM
halflings are coming?

also all crypto crashes the day libra is released sell now

Mota
06-16-2019, 01:33 PM
halflings are coming?

also all crypto crashes the day libra is released sell now

Yes they're coming, prepare second breakfast for their arrival.

Thorondor
06-19-2019, 06:17 PM
confirmed libra will be backed by real assets

Sure buddy. That must be why the DNC is in a panic, with intents to regulate the living shit out of Libra to ensure the government can rake their cut while determining the rules and methodologies it uses to throttle growth so that it cannot outpace conventional financial markets.

Libra is going to get regulated to pointless-ness before it ever even hits the market. If you're looking to make gains off the radar, Libra won't fit that bill, either, as they're aiming to make it entirely tracable and transparent for tax purposes.

Wonkie
06-19-2019, 07:30 PM
Sure buddy. That must be why the DNC is in a panic, with intents to regulate the living shit out of Libra to ensure the government can rake their cut while determining the rules and methodologies it uses to throttle growth so that it cannot outpace conventional financial markets.

Libra is going to get regulated to pointless-ness before it ever even hits the market. If you're looking to make gains off the radar, Libra won't fit that bill, either, as they're aiming to make it entirely tracable and transparent for tax purposes.

yeah tax avoision is pretty much the reason cryptocurrencies exist

Thorondor
06-20-2019, 01:18 AM
yeah tax avoision is pretty much the reason cryptocurrencies exist

Bingo

JurisDictum
06-20-2019, 01:43 PM
Everyone gets taxes with the exception of those that can right off everything they make as some kind of business expense. Even most people capable of this end up paying more tax then they would like so they can show income for various reasons (credit).

Payroll taxes, sales taxes, property taxes, taxes on income and gifts. Two things are certain: death and taxes.

Even gangsters pay taxes to avoid scrutiny.

Crypto is only useful for tax evasion if you made a lot of money by investing when it was low. You could essentially avoid selling or cash out off shore and never get the tax hammer from all your capital gains. Which is capped at 15% anyway last I checked. You could also work for cryto and hide income to some degree...but the minute you start getting USD in your account there is a paper trail.

Thorondor
06-20-2019, 02:27 PM
Everyone gets taxes with the exception of those that can right off everything they make as some kind of business expense. Even most people capable of this end up paying more tax then they would like so they can show income for various reasons (credit).

Payroll taxes, sales taxes, property taxes, taxes on income and gifts. Two things are certain: death and taxes.

Even gangsters pay taxes to avoid scrutiny.

Crypto is only useful for tax evasion if you made a lot of money by investing when it was low. You could essentially avoid selling or cash out off shore and never get the tax hammer from all your capital gains. Which is capped at 15% anyway last I checked. You could also work for cryto and hide income to some degree...but the minute you start getting USD in your account there is a paper trail.

There are ways to get cash from crypto, indirectly, without a paper trail.

Anyhow. The point still stands, the establishment intends to heavily regulate and centralize themselves with Libra; thus it will not suit the purposes of people looking to invest in it for growth opportunities since it will not see exponential growth over time. They're essentially looking to directly tie it to the dollar, like Tether, so aside from using it like a widely accepted gift certificate, and trusting that Facebook isn't going to Ponzi it, it doesn't have the potential to compete with decentralized crytpocurrencies.

Lune
06-20-2019, 02:37 PM
Sure buddy. That must be why the DNC is in a panic, with intents to regulate the living shit out of Libra to ensure the government can rake their cut while determining the rules and methodologies it uses to throttle growth so that it cannot outpace conventional financial markets.

Libra is going to get regulated to pointless-ness before it ever even hits the market. If you're looking to make gains off the radar, Libra won't fit that bill, either, as they're aiming to make it entirely tracable and transparent for tax purposes.

Stupid ass libertarians. These things are regulated for a reason. Facebook is going to sell your financial data to all the other corporations who will quickly gain an omniscient view into the financial data of everyone who uses their currency, including what prices they can afford, are willing to pay, etc, to better collude to fix prices, etc.

This is precisely why banks have been forbidden from participating in other forms of commerce for the last century in the US. Most people believe you shouldn't have to compete against your bank.

Thorondor
06-20-2019, 04:28 PM
Stupid ass libertarians. These things are regulated for a reason. Facebook is going to sell your financial data to all the other corporations who will quickly gain an omniscient view into the financial data of everyone who uses their currency, including what prices they can afford, are willing to pay, etc, to better collude to fix prices, etc.

This is precisely why banks have been forbidden from participating in other forms of commerce for the last century in the US. Most people believe you shouldn't have to compete against your bank.


Not saying that libra SHOULDNT be regulated fucktard. Im saying it WILL be: should or shouldnt is irrelevant. At the end of the day, Libra WILL be facebook's dollar-tethered digital gift certificate, and THEREFORE it will not and cannot usurp cryptocurrencies like btc, bsv, eth and the like.

Jesus, youre so eager to dive into the discussion with an argumentative approach its fuckung astounding. Living with you must be a real gem.

Wonkie
06-20-2019, 05:50 PM
boy howdy facebook sure does love helping russia; they use every digital currency extant to launder money(yes Krono)

Thorondor
06-20-2019, 06:04 PM
boy howdy facebook sure does love helping russia; they use every digital currency extant to launder money(yes Krono)

Russia's on your team.

JurisDictum
06-21-2019, 06:57 PM
Well I think we can all agree, facebook crypto is fucking retarded and probably pointless.

Thorondor
06-22-2019, 01:10 AM
Well I think we can all agree, facebook crypto is fucking retarded and probably pointless.

Yep.

Bet Dino's feeling better about his BTC investment now.

Thorondor
06-24-2019, 11:27 AM
still at 10800

12.5 by end of week.

Thorondor
06-25-2019, 07:16 PM
12.5 by end of week.

Thorondor
06-26-2019, 01:41 AM
And it happened

Thorondor
06-26-2019, 03:11 AM
not likely

i think its peaking right now and the hype of libra just caused a nipple but im sure you will buy in more so you can lose more of your moms money

Sure about that bud? Seems like the not likely, just likelyed

d3r14k
06-26-2019, 09:41 AM
Investment advice, courtesy of wisdom that almost certainly stems from Thorondor's hacker forums.