Hawk Tuah in hot water over meme crypto

My my my....I'd heard of "rug pulls" before but never seen one implode in "real time".

Genuinely surprised that the SEC is getting involved with this sort of grift....I thought bitcoin et all were supposed to be "stateless" and immune from gummint oversight. Guess I was mistaken.

Gotta love the comments in the linked article though..."She gonna have to 'Tawk Tuah' Judge!"
 
I thought bitcoin et all were supposed to be "stateless" and immune from gummint oversight.
Bitcoin and all the other shitcoins are not the same thing. That's like grouping gold with Monopoly money when someone gets screwed over hoping they were gonna become rich with the Monopoly money.
 
Bitcoin and all the other shitcoins are not the same thing. That's like grouping gold with Monopoly money when someone gets screwed over hoping they were gonna become rich with the Monopoly money.
ELI5, please. I thought they were all offshoots from the same poisoned fruit.
 
ELI5, please. I thought they were all offshoots from the same poisoned fruit.
Bitcoin is the real deal; all the other 'crypto' tokens/coins are just trying to capitalize on the success of Bitcoin. There are a few that *might* be able to succeed somewhat, as layer twos and tying their value to Bitcoin itself.

But pretty much all the rest are nothing more than scams trying to convince people, who have no idea what Bitcoin is or how it works, that their new 'coin' is the 'next Bitcoin'. People dump their savings into the new coin and the creators/early so called investors rug pull and make off with their money.
 
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You don't own any Bitcoin.
I'm going to assume this is just your ignorance on the fact that people can own fractions of a Bitcoin. A single Bitcoin is divisible into one hundred million 'pieces'.

If someone says they own some Bitcoin, they could be talking about five dollars worth.
 
And remember that it ain't worth shit until you sell it for more than you bought it for. "Having a Bitcoin" doesn't mean much.
 
I'm going to assume this is just your ignorance on the fact that people can own fractions of a Bitcoin. A single Bitcoin is divisible into one hundred million 'pieces'.

If someone says they own some Bitcoin, they could be talking about five dollars worth.
Back when Celebrex (arthritis drug) was still under patent (i.e. no generic available), the cost was $200 per month in US pharmacies, and $25/month at Canadian pharmacies. The Canadian pharmacy would mail to the US if you had a valid prescription but insisted on getting paid in Bitcoin. I bought maybe $300 worth of Bitcoin and ran the balance down to about maybe $30. A generic became available in the US and I forgot about my balance.

Cleaning up apps on my iPhone maybe a year later....oh I still have a Bitcoin app, maybe I should close it and cash out. I checked my balance and it had skyrocketed to $280! (Dumb luck). I cashed out maybe 250 and left in 30 for another year.....the following year I had an account balance of....maybe $33? Just happened to be in the right place at the right time.
 
Cleaning up apps on my iPhone maybe a year later....oh I still have a Bitcoin app, maybe I should close it and cash out. I checked my balance and it had skyrocketed to $280! (Dumb luck). I cashed out maybe 250 and left in 30 for another year.....the following year I had an account balance of....maybe $33? Just happened to be in the right place at the right time.
Well I'm not going to give financial advice. If you want to sell any and all Bitcoin you've acquired, by all means do so.

The current price of it floating around 100k is just the beginning. Massive institutions like BlackRock and now Nation States are quickly buying up the remaining supply. The US preparing a National Bitcoin Strategic Reserve is going to skyrocket the price beyond people's wildest expectations.

Just the hint the US is going to do so is why it's over a 100k now.
 
I'm going to assume this is just your ignorance on the fact that people can own fractions of a Bitcoin. A single Bitcoin is divisible into one hundred million 'pieces'.

If someone says they own some Bitcoin, they could be talking about five dollars worth.
His DeluxAuto was built in the 40s.
 
And this is you admitting that you don't have any.


Other than LovingTounge BITD, Lance is the member most threatened by me living a good life in California. It destroys all of his wishful narratives about my supposedly being a poor Liberal on the gov't dole.

And he holds onto those narratives because he's an aging neckbeard who spends what little money he has on action figures.

The poor ones always go on the "who has money" attack first here, just like the beta-male Deplorable incels are the first ones to champion "alphas". :)
 
I'm going to assume this is just your ignorance on the fact that people can own fractions of a Bitcoin. A single Bitcoin is divisible into one hundred million 'pieces'.

If someone says they own some Bitcoin, they could be talking about five dollars worth.

He didn't say "pieces." Learn to read.

His DeluxAuto was built in the 40s.

So it's worth a bunch of Bitcoin.

You really suck at this, Jack.
 
All investing is a gamble.

If you have $20K in Casino money, who knows? Bitcoin was a gamble too.
 
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