Me watching my lithium stocks get fucking smashed at the moment
I will...
Submitted 3 weeks ago by Homo_Erectus@lemmy.zip to [deleted]
https://lemmy.zip/pictrs/image/68f03885-8d44-481b-b5de-53116abab6a2.avif
Comments
OriginEnergySux@lemmy.world 3 weeks ago
Allero@lemmy.today 3 weeks ago
Yay cheaper lithium
janewaydidnothingwrong@lemmy.world 3 weeks ago
Why are the electrodes attached to his nipples 🤔
Imgonnatrythis@sh.itjust.works 3 weeks ago
Where would you put them monkey genius?
janewaydidnothingwrong@lemmy.world 3 weeks ago
my ignorance is exposed 😖
MeatPilot@sh.itjust.works 3 weeks ago
Because he’s in to that shit.
Speculater@lemmy.world 3 weeks ago
I can’t wait for BTC to go the way of NFC.
MagicPterodactyl@lemmy.ml 3 weeks ago
I hope you mean NFT because NFC is pretty useful
Speculater@lemmy.world 3 weeks ago
I 100% meant NFT, lol.
Speculater@lemmy.world 3 weeks ago
Also, happy Cake Day!
ivanafterall@lemmy.world 3 weeks ago
Go Falcons!
Not_mikey@lemmy.dbzer0.com 3 weeks ago
NFC
Accepted as a method of payment nearly everywhere these days?
big_slap@lemmy.world 3 weeks ago
?? I use nfc every day, wym
prole@sh.itjust.works 3 weeks ago
It’s like the worst of all the cryptos. It’s only the most popular because it was the first
Allero@lemmy.today 3 weeks ago
Eh, both have their utility, just not whatever crypto bros made of it.
I use crypto to pay for things abroad, like a decent VPN, from a heavily sanctioned authoritarian shithole. And NFTs can be useful not as a speculative asset, but as a blockchain-verified decentralized token.
Knock_Knock_Lemmy_In@lemmy.world 3 weeks ago
You use crypto to pay for things, not BTC.
The vested interests controlling bitcoin (the miners and asic manufacturers) refuse to update the technology for modern usage.
W98BSoD@lemmy.dbzer0.com 3 weeks ago
People using HomeAssistant would like a word….
imperious_melange@lemmy.zip 3 weeks ago
Wasn’t the point of crypto to actually be used as a currency?
FiniteBanjo@feddit.online 3 weeks ago
Yeah, it being built upon a decentralized multiple transaction-ledger means that no singular nation’s treasury has control over its value. It’s also actually great for law enforcement because removing a transaction from the history is incredibly difficult, places that offer “private” transactions just create thousands of fake transactions to hide the real one inside, but the evidence still exists.
One of the largest BTC owners on earth is the USA’s FBI who have confiscated tons of the stuff used in illegal activity.
Allero@lemmy.today 3 weeks ago
On Ethereum using less: this is due to a different consensus mechanism involved, one that is more eco-friendly, but less distributed and inherently (mathematically) less secure.
Generally, it should be fine on the scale of Ethereum, but Bitcoin has it safer, at the cost of plenty of power and e-waste.
boboliosisjones@feddit.nu 3 weeks ago
Absolutely not the best. just the best adoption rate due to being first. Also because buying any other crypto usually involves step 1: buy bitcoin and step 2: trade for whatevercoin.
SolacefromSilence@fedia.io 3 weeks ago
Lol, yeah sure. Just buy the dip and no one gets hurt*
imperious_melange@lemmy.zip 3 weeks ago
I mean there have been a few use cases beyond illegal business.
Town@lemmy.zip 3 weeks ago
It’s only down 50% in the past year
NochMehrG@feddit.org 3 weeks ago
It will rise, buddy!
PeriodicallyPedantic@lemmy.ca 3 weeks ago
I completely misunderstood this image.
I thought the gorilla was actually a dog without a head and the arms were ears attached directly to the neck, and instead of being on the table, the headless dog was taking a selfie looking down on the OR.
I can’t explain how I got there.
PeriodicallyPedantic@lemmy.ca 3 weeks ago
Homo_Erectus@lemmy.zip 3 weeks ago
That’s a preatty unique concept if you ask me
null@piefed.nullspace.lol 3 weeks ago
If you bought bitcoin and held it for a minimum of 5 years, it’s worth more than you paid for it.
Allero@lemmy.today 3 weeks ago
And unless you bought during all-time-highs, it’s worth WAY more.
whoisearth@lemmy.ca 3 weeks ago
I love that there’s a large section of nerds who think that magic beans are worth buying.
Here I am working slow and steady accumulating tangible wealth.
prole@sh.itjust.works 3 weeks ago
Everyone seems to forget that the magic beans in Jack and the Beanstalk worked. They did exactly what they were supposed to do, and not really a bad purchase at all given the shit he went on to loot from that giant
Knock_Knock_Lemmy_In@lemmy.world 3 weeks ago
Magic beans get you golden egg laying geese.
anon_8675309@lemmy.world 3 weeks ago
Compound interest and time.
whoisearth@lemmy.ca 3 weeks ago
If it looks and sounds too good to be true it probably is.
QuinnyCoded@sh.itjust.works 3 weeks ago
Lemmy is posting magical beans now?
Mubelotix@jlai.lu 3 weeks ago
It’s just 50% down from ath though
BlackLaZoR@lemmy.world 3 weeks ago
Always did
BeUnique@lemmy.zip 3 weeks ago
Bitcoin is still to damn expensive for me…
FiniteBanjo@feddit.online 3 weeks ago
A bitcoin is divisible down to 0.00000001 (one Satoshi). 1 US Penny or $0.01 is worth 16 Satoshi.
Neural_drift@lemmy.zip 3 weeks ago
Should I not sell then?
NateNate60@lemmy.world 3 weeks ago
I like to compare the Bitcoin price chart to the stats on a roulette wheel. You can’t really predict what causes it to go one way or the other, but you do know that it will eventually go back.
I mean, Bitcoin is the one thing that just won’t die. Every time its price collapses, people declare it dead, but a few years later it somehow comes roaring back. If you think Bitcoin is worthless just because it has no utility and no person smarter than a chimpanzee would invest in it, by God you are overestimating the intelligence of finance and crypto bros.
Lemmyoutofhere@lemmy.ca 3 weeks ago
Because it is nothing more than gambling.
Homo_Erectus@lemmy.zip 3 weeks ago
And money laundry
NateNate60@lemmy.world 3 weeks ago
Thank you for repeating the same thing that I said
boboliosisjones@feddit.nu 3 weeks ago
I think the reason has little to do with investors and more to do the bitcoin being the backbone of the online black market.
Knock_Knock_Lemmy_In@lemmy.world 3 weeks ago
The online black market shifted to monero ever since the “Dreaded Pirate Roberts” was identified and arrested via his bitcoin accounts.
Dodgy people may hold bitcoin, but the don’t use it for illicit transactions.
Mubelotix@jlai.lu 3 weeks ago
You actually can, because it behaves in 4 year cycles. Bitcoin ATH have been in August 2017, 2021 and 2025, and dips have been in December 2018, 2022 and 2026. This why people are selling right now, everyone knows this which makes it self-fulfilling
PeriodicallyPedantic@lemmy.ca 3 weeks ago
You’re acting like you could predict this year based on 2 data points.
boonhet@sopuli.xyz 3 weeks ago
Why 4 though? How do we know it’ll repeat?
PacMan@sh.itjust.works 3 weeks ago
Sell off right now for the Space-X IPO will bounce back in a few months
NateNate60@lemmy.world 3 weeks ago
Old investing adage: The market can stay irrational longer than you can stay solvent.