Cryptocurrency Master Thread

[Spracne]

based on my understanding, NFTs are just a vehicle to launder money

yeah, I think that's a bigtime irl thing

Guess we will find out when it crashes. Seems pretty risky to clean your money by buying a bunch of digital Ape Art, but who knows. 

money laundering is kind of risky by nature.  buying/selling a $5,000 image of a banana requires a little less legwork than opening up a fake restaurant.

Sounds like a pretty good deal for the uninvolved parties, though. I don't know the answer to this question, but if I buy an NFT banana for $50 and later sell it for $1,000 to a money launderer (unbeknownst to me) who turns around and sells it for $5,000 to a money launderee, are my gains ill-gotten?

[Stupid Fitz]

based on my understanding, NFTs are just a vehicle to launder money

yeah, I think that's a bigtime irl thing

Guess we will find out when it crashes. Seems pretty risky to clean your money by buying a bunch of digital Ape Art, but who knows. 

money laundering is kind of risky by nature.  buying/selling a $5,000 image of a banana requires a little less legwork than opening up a fake restaurant.

Sounds like a pretty good deal for the uninvolved parties, though. I don't know the answer to this question, but if I buy an NFT banana for $50 and later sell it for $1,000 to a money launderer (unbeknownst to me) who turns around and sells it for $5,000 to a money launderee, are my gains ill-gotten?

prob not, but when it goes to zero value, you will surely be the one that gets your balls smashed off. 

[steve dave]

you can be on both sides of an ape transaction

[Spracne]

you can be on both sides of an ape transaction

So, taking money from your left pocket and putting it in your right pocket? Sounds more like a pump-and-dump scheme, to me.

[wetwillie]

Laundering money with a permanent electronic paper trail seems maybe less than ideal

[catastrophe]

Laundering money with a permanent electronic paper trail seems maybe less than ideal

Yeah I was just puzzling this. Doing a suspiciously large transaction that is publicly and permanently recorded would be a hell of a play.

[DaBigTrain]

Guys

[Kat Kid]

Going on sale

[steve dave]

damn, all this crap sucks huge amounts of ass. except luna obviously. but it's the one I wish would suck a bit so I could load up more. 

[steve dave]

double tops are good, right? they mean it's going up next, correct?

[wetwillie]

Zoom out

[DaBigTrain]

https://twitter.com/trader1sz/status/1484365288267153409

[KITNfury]

I've been telling myself I'm a bitcoin buyer again if it gets to the 30s,but it comes at a really bad time. My liquidity is temporarily spoken for. :(

[Stupid Fitz]

double tops are good, right? they mean it's going up next, correct?

unless it gets to 30k.

[IPA4Me]

Payday DCA. Woot.

[steve dave]

double tops are good, right? they mean it's going up next, correct?

unless it gets to 30k.

Yeah, I was joking. Double tops are incredibly bearish signals. Though this stuff doesn’t act like stonks all the time so who tf knows.

[Stupid Fitz]

double tops are good, right? they mean it's going up next, correct?

unless it gets to 30k.

Yeah, I was joking. Double tops are incredibly bearish signals. Though this stuff doesn’t act like stonks all the time so who tf knows.

same. I added a little, but we may be getting a bigger discount. or it will jump right back up to 45, who the eff knows

[stunted]

ouch

[wetwillie]

Market makers liquidating leveraged long positions for billions of dollars

[bucket]

[steve dave]

lmao

[Spracne]

lmao

This cuts a little too close to the bone, dude.

[DaBigTrain]

lol

[wetwillie]

SD randomly jumping back into being a meme god is quite the pleasant surprise of 2022

[steve dave]

https://twitter.com/thedickbutkus/status/1486150824669634563