Caption Contest: Bitcoinless

Tyler Durden's picture

Take an exchange named for "Magic: The Gathering", add some "currency" which in its most tangible form is an electron fluctuating between 0 and 1, and you get this...

 

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DoChenRollingBearing's picture

DoChen is down a virtual $900 or so on BTC education.  Expensive!

But maybe buying BTC should be like gold: BTFD!  (?)

Atlas_shrugging's picture

Two identical guys have the same sign only with Ft. Knox at the top

DaddyO's picture

So how long before we start reading headlines about BTC traders having runs-ins with nailguns?

DaddyO

fonestar's picture

They're going to need alot of nails to hold down an entire planet.

DaddyO's picture

I don't know, that ground comes up pretty fast when you're in free fall.

DaddyO

fonestar's picture

The ground is coming up hard and fast for the world's central banks.  On 9/11 most people didn't know or care who the Fed is.  Thirteen years later and a generation across the globe knows banks are the enemy of humanity.

SilverIsKing's picture

"Magic: Watch it disappear."

flacon's picture

CAN SOMEBODY TAKE A PHOTO OF A "BIT COIN" AND POST IT PLEASE!!!!! I'VE NEVER SEEN ONE, LET ALONE HELD ONE! 

fonestar's picture

I'M DUMB I ONLY TRUST THINGS I CAN HOLD IN MUH HANDS DURR!!!

nmewn's picture

What, like an i-phone or the digits that stream across its screen?

fonestar's picture

...or oxygen, hydrogen, ozone, carbon....

THEY COULD DISAPPEAR ANY MOMENT!!  KILL YOURSELVES NOW!!!

jbvtme's picture

if there are bitcoins missing, why does it not make the rest more valuable?

fonestar's picture

It does and it has.  Many of the 12 million Bitcoins mined are already lost forever.

jbvtme's picture

but the price dropped when mt gox went tits up

fonestar's picture

Well do you want to see immediate price reactions?  Just have patience.

snr-moment's picture

Did the printing shop for the signs take bitcoin?

fonestar's picture

Does it matter right now fuckhead?

Scarlett's picture

what happens when the global btc community has 12m members and they all want one btc?

TheHound73's picture

uh, price goes up?  What happens when the global gold community wants 1 kg each?

jcaz's picture

Then you have 12M dupes standing on corners with cups in their hands...

snr-moment's picture

They trade them back and forth amongst themselves, hoping like crazy to recruit more members

Scarlett's picture

who needs to recruit when cyprus, hyperinflation, "one-time" taxes, and currency controls are here?

snr-moment's picture

difference in outcome being.......

and how does that affect my physical?

TheHound73's picture

Are you recruiting gold buyers?  Sell me on the idea, I'm conflicted and can't decide to take the plunge...

snr-moment's picture

screw that. I'd prefer you sell.  I told fone I'd buy at $5

TheHound73's picture

Haha, yeah.  I'm stacking both and wish both were cheaper.  And I'm with Scarlett, BTC pretty much sells itself.  There's no real race or deadlines, it can take its own sweet time to find market saturation for all I care.

Mad Mohel's picture

Any currency that would make those two fuckin nerd bums millionaires overnight desrves to be blowtorched 5 times over. Somebody needs to shove those fuckin google goggles down the throat of fonestar's boyfriend.

Here's to all the rest of the ratholes going the way of the Gox. Cheers.

fonestar's picture

Bitcoin and the cryptocurrencies are here to stay fuckhead.  And do you think young people are going to sit around waiting weeks for your gold bars to show up moron?  People want to be paid immediately.

mjcOH1's picture

"Caption Contest: Bitcoinless"

I went to the interwebs, and all I got was fucked by some guy selling crypto hashes for $500.

superflex's picture

If you like your bitcoins, we'll keep your bitcoins.

XenoFrog's picture

For some reason, saying, "I told you so" never feels as good as it would have felt if 200million in 'investments' wasn't just stolen.

Mine Is Bigger's picture

The end of Mt. Gox is not the end of Bitcoin.  

I feel sorry for people who (may) have lost money, but keeping a lot of bitcoins at Mt. Gox was reckless.  It's like keeping millions of dollars at JPM, Citibank or any of those insolvent banks.  Just keeping small amounts for paying bills and stuff makes sense, but why expose your money to unncessary risks?  It's same with Mt. Gox.  It was an exchange.  Why keep bitoins there once your trade was done?

XenoFrog's picture

It's the end of bitcoin for all the people who weren't fast enough to get to MtGox's exit in time. I know no bitcoiner will admit to being one of those people who lost money, but a lot of people just got completely fucked. For you bitcoin pushers to ignore that fact in your continual pushing of this scam reveals a lot concerning your greed and lack of empathy.

Mine Is Bigger's picture

No.  One exchange failing does not make the end of an entire system.

I feel as much sympathy toward people who have lost their money in the Mt. Gox debacle as toward people who lost moeny in the stock market plunge after the Lehman Brothers collapse.  The way I see it, whether if it's bitcoins or stocks, "investing" your money always involves risks.  Losing money due to the Mt. Gox debacle does not make it more tragic.

TheHound73's picture

I have $3k = 11BTC on Mt.Gox.  This was the max. I was willing to entrust to them at any one time.  Who knows, some of it may be recovered during liquidation.

Mine Is Bigger's picture

I really hope so.  

Admittedly, I only had less than 0.5 btc on Mt. Gox.  But I thought I had lost all my bitcoins when Tradehill went down in 2011?/2012?.  I learned from the mistake.  And I have since recovered more than 5,000% on what I put into Tradehil.  Bitcoin may still go to zero, but like I wrote above, it's a risk like anything else.  Being too afraid makes you live small.  And I think that's one of the worst ways to appreciate the gift of life.  But I guess it's just me.

TheHound73's picture

Actually, people are buying BTC on Mt.Gox: http://bitcoinbuilder.com/    1 BTC on Mt.Gox currently trading for 0.13 BTC in the real world.

Mine Is Bigger's picture

Hi.  Thanks for the info.  I guess this could be the case of when the blood is running in the streets.  We'll see soon enough, I think.

snr-moment's picture

Awww, did I hurt your feelings?

tip e. canoe's picture

just like all the gold that's gone missing forever throughout the ages...until it magically shows up on an exchange at just the opportune time.

FEDbuster's picture

fonestar on the left

fonestar on the right

knukles's picture

Toldja...

If it's online it ain't yours, period.

http://www.wired.com/wiredenterprise/2014/02/bitcoins-mt-gox-implodes/

 

As per Wired, it was HACKED

DaddyO's picture

Holy Ship to Shore, Fonestar...I thought this BTC was bulletproof?

Looks as if someone isgoing to be living the highlife and has a nice fat wad to boot.

DaddyO