iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
18,359 Blog Posts

CRYPTOS DESTROYED: TOTAL LOSSES NOW EXCEED $500 BILLION

This is me post St. Paddy’s Day, following a night of drinking, completely shit posting about Bitcoins tumbling down a hill and into a fucking sewer pipe.

via GIPHY

Believe me, your loss is also my loss. I have money in cryptos too — but I love nothing more than to see newly minted investors bathe in the fires of scorn. This is your initiation into speculation young lads. Get used to it.

Total cap is now $295 billion, down more than $500 billion from the highs. Let it be stated, this is only the beginning of your painful journey. Bitcoins are, inexorably, fucked for at least 15 years.

Ciao.

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32 comments

  1. ironbird

    When a dude is boot stomping you in the face forever. On the orders of some fat slob cunts and queers, You just woke up. But it is too late. Now go Tranny. Still time.

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  2. Lyndon Keltner

    @moon I was not asking you to interpret the burnings and lynchings literally. I was implying that members of all racial minorities are much less sadist than their contemporary Caucasian counterparts in this country (and many other countries). Blacks were and still are often treated worse than dogs by whites in this country–from George Stinney and Emmett Till to Tamir Rice, from Jesse Washington to Eric Garner and Laquan McDonald, and all of those before and after them.

    I do not expect that pattern of asymmetrical racial hatred to change much in the next few generations, and, in turn, I do not expect whites to experience any de jure/de facto discrimination (comparable to the blatant and often less than humane racial discrimination against the minority groups in the US) in spite of their eventually loss of political power.

    @moosh The fact that I don’t parrot the lies and bullshit made up by the right wing propaganda outlets doesn’t suggest I am weak-minded; it merely means I do not belong to your cult.

    And just because I am not a right-wing tool doesn’t mean I am a rabid liberal. To the contrary, I am more conservative than the contemporary Republicans on many issues. Take the 2nd Amendment, I certainly want any individual to have the right to acquire and use any weapon of mass destruction as he/she sees fit. Indeed, I contribute heavily to the NRA not only because they champion my belief on gun/weapon ownership but also because they are one of the most (if not the most) effective organization(s) to turn voters away from the Republican Party. I enjoy Trump *big league* for similar reasons. Most importantly, he is doing an amazing job exposing the right-wing Christian/”family value” hypocrites as well as hastening the demise of the GOP.

    I do believe America is becoming a better country as it becomes less and less white everyday and every hour.

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    • bintercorp

      w a t .

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    • Cricket

      w a t . indeed.

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    • moonshot

      If I said America would be a better place if black deaths exceeded black births, would that be a racist statement?

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      • Lyndon Keltner

        It depends on your reasoning. The last sentence of my lengthy response serves as the conclusion of everything I have said thus far, i.e., less whites translating to a more fair-and-balanced political system (with gerrymandering and similar gimmickry to disenfranchise the minority votes in order to egregiously retain political power all rendered impotent) and less racial hatred (a la the asymmetrical hatred coming from the white race of all the previous and current generations).

        The new America will then be a more equitable and less hateful country, thus better as it becomes less white.

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        • moosh

          Lk, gets to the point. All about politics. Most voters who follow the rules and laws are racist. They should die. Those who don’t follow the rules and laws should be allowed to vote because they will want handouts and make Lk seem like a hero.

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          • moosh

            Plus, you are a race baiter from the get-go. Splain that. Al Sharpton just learned how to use internet? Al Franken down on his luck and trying to be productive?

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          • Lyndon Keltner

            That’s how you see it. That’s how Nixon saw it. (Ironically, I like Nixon for many reasons with his racial views not being one of them.)

            I am not fond of either Sharpton or Franken, but that’s quite a non-sequitur.

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        • Cricket

          “The new America will then be a more equitable and less hateful country, thus better as it becomes less white.”

          Hmmm. You mean like South Africa? Or how about Zimbabwe? Oh yes, being less white == more equitable == less hateful, no?

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          • Lyndon Keltner

            In that statement I merely stated that when whites can no longer hold on to their political power despite their chicanery (from Jim Crow to gerrymandering), America will get closer to equal justice for all.

            That doesn’t sound like South Africa or Zimbabwe to me.

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          • sarcrilege

            When you say “whites can no longer hold on to their political power”, are you talking about the rank and file dumb goyim that has no say in anything other than being convenient scapegoats for the dysfunctionality of low-IQ coloreds? Or the zionist pig infected, Israeli filth controlled USG? Which is it? Before you make bold statements like those above, at least clarify your parameters, i.e. “whites”. Do “whites” include dual-shitizen treasonous traitor Israel firster filthy pigs who infected the body politics of USG?

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    • numbersgame

      LK, your shit is just as dangerous as Stormfront. It’s also just as full of false and divisive stereotypes. More importantly, if your stereotype (“racial minorities are much less sadist than their contemporary Caucasian counterparts)” were true, it would still be irrelevant.

      1) People are bad at logic. Example: “up to 15% off” means “everything is less than 15% off,” but the impression people get is that “most things are 15% off.” Simirlarly, your statement (“racial minorities are much less sadist than their contemporary Caucasian counterparts”) just means that if 1% of minorites are sadist, then more than 1% of Caucasians are sadist, but the impression your statement makes is that *most* Caucasians are sadists.

      2) Let’s suppose that there is evidence to support your statement. This still doesn’t give any indication of *why* (correlation does not equal causation). Again, the *impression* is that whites are genetically more sadist, but the real explanation could be that whites currently have more power. It is hard to be sadistic towards someone that has power over you (unless you obtain power over them). Ever heard stories of prostitutes beating their pimps? Employees sexually harassing their bosses? High school outcasts cyber-bullying cheerleaders?

      3) Any discussion on race should lead to an answer to the question, “what should we do about it?”, and while sterotypes are fine to make *initital* judgements on sterotypes, big problem occur when *policies* are enacted based on stereotypes.. So whether your statement is true or not is totally irrelevant towards any solution towards racial harmony.

      Also, as an example of the power dynamic and race, I guessed you missed the recent discussion here on South African Julius Malema. You may have also missed the fact that a Nobel Peace Price winner is leading a country of Buddhist that are committing genocide against Sunni Muslims. Or the fact that Sunni Muslims are currently killing more Muslims in the Middle East (especailyl Syria and Yemen) than any whites.

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      • sarcrilege

        I need to be educated here. What exactly is so stigmatizing about https://www.stormfront.org/ ? I did not know what it was until LK linked to it the other day and what I see is a forum discussing Culture and Customs, Music, art, literature., Trades and Skills, discussion and advice relating to various professions and home maintenance, Ask a mechanic, Heating and AC, Arrow The Veterans roundtable, Nature and Environment, Tree huggers and Earth muffins, Poetry and Creative Writing, Inspiration and motivation. Expand your vocabulary and discover the secrets of our language, The Liberty of Knowledge, Quotations worth noting, History & Revisionism, 9/11 Truth,
        Apartheid as Anti-Capitalism, Science and Technology, Molecular biology, physics, astronomy, genetics, evolutionary psychology, eugenics, and other disciplines related to the survival and advancement of our people, Privacy, Network Security & Encryption, Personal computer security and privacy, Money Talks, Debt and Money Management, Bitcoin, Self Defense, Martial Arts & Preparedness, Health and Fitness, Weight Loss Advice, Homemaking, gardening, cooking, child rearing, etc., Homesteading and Hobby Farming, Thumbs up What are you cooking tonight, Education and Homeschooling, Preparing ourselves and our children, etc., etc. so if you dumb snowflakes want to make me feel bad about being white, you might want to really really try harder than this!!!

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      • Lyndon Keltner

        Let me address your last paragraph first. My responses have been specific about the conditions of this country. I am very well aware that whites in other countries are substantially less evil towards the racial minorities in their countries. For example, the Brits ended slavery and did so in a civil way by a vote in the Parliament more than a generation before the American Civil War.

        The earlier parts of your post (re: false and divisive stereotypes) are more about some assumptions you made about my arguments. I did not say and do not think *most* Caucasians are sadists. I did say that some Caucasians in this country committed sadist atrocities and the majority of the Caucasians were complacent about them, and that (however indirectly) makes them complicit–I am very well aware that there are many shades of terrible. The 1964 election was more historically significant because the majority of white America did take a stance and went to the voting booth to express how they felt about what they saw on TV. They did the right thing.

        Re: the “what should we do about it” question, I already implied that there’s not much to do. The equilibrium is by and large set. The 60% of whites who vote Republican will continue to vote Republican. Their share of the total votes will drip lower and lower in every subsequent election to come. The next chapters of US history will be dictated by demographic shifts. Those 60% of whites are fighting another lost cause.

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        • numbersgame

          sarc,
          Convenient how you didn’t mention “Politics & Continuing Crises” forum, of which the first posting is “Hews are dangerous””

          1) Please re-read my first paragraph on “impressions” that words make.
          2) You totally ignored this.
          3) Obviously I beleive differently. There is plenty of eveidence that people can cahnge, especailly when you engeage them away from their “tribe”

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  3. bintercorp

    Good to see cryptos doing what they do best – ruining lives.

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  4. Cricket

    FYI yesterday (on St Patrick’s Day) Ireland won the Six Nations Rugby tournament after defeating England on her home ground (Twickenham). They completed the Grand Slam (undefeated) with victories over Scotland, Wales, France, Italy and England.

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  5. sarcrilege

    ‘Initiation to speculation’ is about right. There were a couple of us here saying this looks like and in fact is a dotcom replay for gullible parents’ basement dwelling millennials. None of the cryptoshills here listened to the experienced. They just kept on lecturing in their derisive ways how this time is different. Ripple is about 60% down ($0.54) from where it was when Rippoff executives went on CNBC the other day to yo pump it, pump up the jam and make my day,
    https://youtu.be/9EcjWd-O4jI

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    • Cricket

      Are cryptos finished, or are we witnessing government/state takeover?

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  6. sarcrilege

    Blockchain is not finished by any means. No doubt CIA/Mossad/MIC etc. is heavily invested in this technology via their VC arm. If I were to place a bet it would be some kinda tech that would allow citizens to vote but with a back door for the deep state to “re-count” the votes in their favor. And of course global currency type of blockchain tech. BTC is done…at $7000, the miners are losing money.

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    • sarcrilege

      above reply @cricket – also, census type of blockchain tech which works with the voting chain, basically a global surveillance of each person, whether individual or corporate person.

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      • moosh

        Maybe not the best barometer of blockchain, but the etf’s like $BLOK and such seem to be getting bid up, in spite of all the carnage.

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  7. masteroneass

    we all know how bubbles get formed and end. I read about bitcoin being a bubble in an options trading book profiting from bubbles by seifert. At first i despised bubbles. I do not anymore. Its first come first serve. Anyway, the reason why what i like to call “big tech” the new ibm – yes they have become exactly what they didnt want to or Steve Jobs is dead. dont know dont care. They must be afraid of the stuff. People were making fun of amazon.com as well after the hype wore off. Now look at amazon.com. not saying coins are going to overtake “big tech” but they possibly can. Waiting for the lows. A small chunk of money in amazon.com was also good. The facbook says they want their own coins.. We all know how lame and uncreative facbook is. And we all know they strongarm. they are a faggoy big tech company. At least IBM came up with original shit.

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  8. mad marsupial

    Twitter announced it’s plans to ban crypto advertising. But also news is getting out about the very serious tax issues, in the US, if you buy one crypto using another crypto.

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    • moosh

      Yeah, it’s not rocket science, tax wise. The red flag for me was when the credit cards started shutting down crypto transactions. What is to stop banks from denying incoming transactions from crypto exchanges?

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      • moonshot

        Nothing stops them from denying crypto purchases. It will hasten their demise and disintermediation as the purchases go decentralized like the rest of blockchain. Let them try to stop all peer to peer transactions.

        There are already ways you can buy and sell cryptocurrencies for fiat directly with other people. I expect this will accelerate and over time these credit card and banking corporations will be replaced with crypto equivalents, or just eliminated altogether.

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        • moosh

          All true, but short term of things…it is probably going to get really ugly

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  9. numbersgame

    In terms of cryptos, the bleeding will stop when Bitcoin loses 99% of its value, having been replaced by something better with (1) shorter transactions times, (2) more energy-efficient processing, and (3) more distributed transaction validation method.

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  10. ferd

    War with Russia!

    Putin launched chemical weapons attack on NATO!

    Trump covering for Putin because Putin has something on him!

    According to western polling firms, Putin’s popularity in Russia is at 80+%, and has been hovering at those levels for years. Yet, according to some Sunday talking heads, he used chemical weapons in Britain in order to help him win reelection. How does that make sense?

    There is so much hysteria out there about Russia on the news, on Sunday interview shows, and on shows like the hysterically clueless Bill Mahar’s Real Time. Why do so many media mouthpieces want to have conflict with Russia?

    Is Putin an asshole? I don’t know …but he’s a politician and so has to play to the crowd. The question I’d ask is: What would Putin be doing, how would he be behaving if we had kept to our agreements and not encircled Russia with military bases and imposed financial hardships on the Russian people?

    In the late 1990s, 22% of Russians who thought that Russia had enemies in the world, thought that the US was that enemy. Today 68% think of the US as that one enemy.

    Why are we doing this? How does this have a happy ending?

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    • sarcrilege

      Putin wins 4th term with landslide 73.9% of the vote, exit polls show. How? You get people to vote by telling them a homosexual will move in and sleep with you if you dont – the law is the law. (turn captions on!)
      https://youtu.be/2yaQBsMPLdA

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