• ephemeral [any]@hexbear.net
    link
    fedilink
    English
    arrow-up
    10
    ·
    8 hours ago

    bitcoin black friday sale: 90% off!

    but really though this just means the ghouls are liquidating their supply so they can pump it back up again

  • Infamousblt [any]@hexbear.netM
    link
    fedilink
    English
    arrow-up
    36
    ·
    edit-2
    13 hours ago

    This is good for Bitcoin.

    Unironically though it does seem as the western economies collapse we’re seeing people pull money out of less conventional things like Bitcoin and 401ks to try to make ends meet. The Real Fun time happens when those start running dry and people still can’t make ends meet. Capitalism must drain all of these savings and savings adjacent accounts to continue to prop itself up; once those are empty it will have to find yet another source of “value”

    • sewer_rat_420 [he/him, any]@hexbear.net
      link
      fedilink
      English
      arrow-up
      31
      ·
      12 hours ago

      I already had to liquidate my IRA to make ends meet this year. And I think we are relatively well off when it comes to income.

      I had a pizza delivery driver, she was maybe 50-60 years old, the other day venting to me how she didn’t usually take on the night shifts because it’s to dark out for her, but she has to. Then she apologized for venting to a customer but I tried to let her know I understood.

      The working class in this country is just so worn thin at this point and we have nothing to show for it. This Christmas is going to be a disaster for the retail sector.

    • nothx [he/him]@hexbear.net
      link
      fedilink
      English
      arrow-up
      18
      ·
      13 hours ago

      once those are empty it will have to find yet another source of “value”

      People are also already selling plasma too, so I can’t even make the joke about selling our literal bodies to make ends meet…

    • I did buy over $700 of it in 2012 with the intent to use it to buy drugs. But I lost the passkey to my wallet (see: drugs). It’s still there in that wallet, in the tens of thousands of dollars or something, maybe more but it’s too painful to do the math. I can still remember the first half of the pass phrase too. If I remembered the second half of the passphrase it would change my life in a bigger way than anything else ever has (yay for being below poverty-line level of poor). It’s gone, though. There is no way I will ever remember it. I console myself by telling myself that if I hadn’t lost the password, it just would have gone to drugs, which is true. I’m still haunted by it anyway.

    • roux [they/them, xe/xem]@hexbear.net
      link
      fedilink
      English
      arrow-up
      2
      ·
      7 hours ago

      I think a few weeks ago it was around $128k

      I remember when my friend was telling me about it when it was $0.08. I could have bought $100 or more at the time easily but felt like it was never gonna take off.