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(iNews (UK))   There are a whole lot of crypto haters out there, but the joke's on them -- the science of astrology has come out in full support of it   (inews.co.uk) divider line
    More: Obvious, Astrology, Prediction, world of Bitcoin astrology, Mercury, biggest barrier, Robert Weinstein, Pseudoscience, Maren Altman  
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343 clicks; posted to Business » on 13 Jun 2021 at 12:26 PM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



36 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-06-13 12:36:13 PM  
God, the suspense is killing me. When does it all come crashing down?
 
2021-06-13 12:39:19 PM  
Crackpots looking to crackpots for crackpot theories.
 
2021-06-13 12:48:03 PM  
Finally, the missing piece! Now I can roll my 401k over to Bitcoins with confidence.
 
2021-06-13 12:59:04 PM  
This does not inspire confidence in crypto currency.
 
2021-06-13 1:01:24 PM  

KRSESQ: God, the suspense is killing me. When does it all come crashing down?


It's a religion at this point. Don't count on it in any rational manner
 
2021-06-13 1:07:10 PM  
Still no cure for Cancer.
 
2021-06-13 1:09:53 PM  

KRSESQ: God, the suspense is killing me. When does it all come crashing down?


When it crashes down.  If you knew, you could make a killing.  But you won't.  You know it will, but you are in the same place the Tesla shorters are: you have no idea if you can cover all the margin calls before it collapses.

- the market can remain irrational longer than you can stay solvent - John Maynard Keynes

Buffet made a killing buying irrationally undervalued stocks and waiting for the market to go rational.  Much, much less potential profit (but still probably twice the average), but no margin calls.

The real question is just how much money is being laundered by cryptocoins and how much that service is needed.  As long as it is needed, it will create a floor that will weather a stampede of sales.   And presumably that stampede is either coming or already came (I'd assume another one if it came), leaving the crypto survivors pretty much as much of the economy as gold.

My guess is that it is moving to this situation, with plenty of regulators looking  the other way because they are paid to make sure that money gets laundered.
 
2021-06-13 1:11:56 PM  
But enough about technical analysis.
 
2021-06-13 1:13:44 PM  
Q: Why Bitcoin traders are turning to the stars?

A: On brand "thinking."
 
2021-06-13 1:21:04 PM  
I don't need astology to pick where I invest.
I just listen to the old cranky out of touch conservatives on this site and see what they hate the most and put my money there.
Facebook, Uber and Tesla stocks, and Bitcoin...all have gone through the roof. Thanks guys! I'm all ears for what you just KNOW will fail - and I will get rich betting against your ancient opinions.
 
2021-06-13 1:21:58 PM  
And here I was using the term "technical astrology" as a joke. I guess there might be something to those fetuccini lines after all.
 
2021-06-13 1:42:32 PM  
frinkiac.comView Full Size
 
2021-06-13 1:53:14 PM  
All the Fark Geezers hate it, so you know it's good.  They're all spending Sunday on Fark while hip and cool young guys like me are masturbating in between buying Crypto!
 
2021-06-13 1:54:39 PM  

Nullav: And here I was using the term "technical astrology" as a joke. I guess there might be something to those fetuccini lines after all.


It is the market.  Tea leaves only talk to you, astrology and technical analysis should be the same to everybody buying/selling on the market.  If something makes them buy, either buy first or sell.

The gotcha is that since crypto tries to be a currency, there is no "rational" price for anything, so buying when it goes relatively low is equally irrational (but a sufficiently shared irrationality that it *usually* works).
 
2021-06-13 1:56:47 PM  
Man, this gives me a great idea for a business - NFT for horoscopes.

Do you like your horoscope for today?  Want to lock in some extra good fortune on a significant day?  For only $10,000 you can buy the NFT for your horoscope, so your bright future doesn't need to be diluted by the other 660 million people who happen to share your Zodiac sign.
 
2021-06-13 2:02:06 PM  
Asparagus, where you at? I am confusion, explain!
 
2021-06-13 2:16:42 PM  

discoballer: Asparagus, where you at? I am confusion, explain!


They are not following astrology.
 
2021-06-13 3:33:17 PM  
Only Scorpios believe in astrology.
 
2021-06-13 3:54:35 PM  

Rapmaster2000: All the Fark Geezers hate it, so you know it's good.  They're all spending Sunday on Fark while hip and cool young guys like me are masturbating in between buying Crypto!


People who write on Fark on Sunday are dumb, the rapmaster wrote without any sense of irony.
He then went back to stressing about how he was going to make rent again this month...
 
2021-06-13 4:08:26 PM  
the trend allows alphabet agencies superb access to transaction intelligence = not going away anytime soon.
 
2021-06-13 4:45:08 PM  

Karne: Rapmaster2000: All the Fark Geezers hate it, so you know it's good.  They're all spending Sunday on Fark while hip and cool young guys like me are masturbating in between buying Crypto!

People who write on Fark on Sunday are dumb, the rapmaster wrote without any sense of irony.
He then went back to stressing about how he was going to make rent again this month...


Old people don't rent. They waste their money on houses because they are stupid. Hip and cool dudes like myself live with their parents and spend every dime on Crypto.  Only an idiot spends a currency which only goes up.  I've taken a cash advance in worthless dollars on all my credit card to buy more Crypto.  Those banksters are so stupid to let me use their money to get rich on Crypto.  Crypto!
 
2021-06-13 4:55:42 PM  
Anybody know if Rupert is in retrograde?
 
2021-06-13 5:00:47 PM  
Fark Cancer. My ex-girlfriend's sign.

/ Joke never gets old or funny.
 
2021-06-13 5:30:00 PM  
I may have to consult my cosmetologist
 
2021-06-13 6:59:33 PM  

Rapmaster2000: Karne: Rapmaster2000: All the Fark Geezers hate it, so you know it's good.  They're all spending Sunday on Fark while hip and cool young guys like me are masturbating in between buying Crypto!

People who write on Fark on Sunday are dumb, the rapmaster wrote without any sense of irony.
He then went back to stressing about how he was going to make rent again this month...

Old people don't rent. They waste their money on houses because they are stupid. Hip and cool dudes like myself live with their parents and spend every dime on Crypto.  Only an idiot spends a currency which only goes up.  I've taken a cash advance in worthless dollars on all my credit card to buy more Crypto.  Those banksters are so stupid to let me use their money to get rich on Crypto.  Crypto!


It's easy to spot the bitterness of those with no wins in life. You still might make it in the rap game, so you still have that chance.
 
2021-06-13 8:06:56 PM  
The fault is not in our stars, but in ourselves.

Time and again, a Farker will post that he really wants to go and grift a bunch of people, but it is just too immoral an activity for their own sensibilities. I totally get that.

Let me recommend COIN for those who are faint of heart. It is kind of Schrodinger grifting. You let someone else do the pumping and dumping, and you can just kind of follow along anonymously. If you brag about benefiting from someone else's degenerate misery, well, hey.... WINNING! You aren't any worse than Charlie Sheen getting paid a million or so per sitcom episode. Plus, you could look at your bitcoin earnings as the result of accepting risk, or teaching the world about the evils of fiat currency, or heck... whatever justification works for you. Or you could just not tell anyone (haha... like that's going to happen!).

The really cool part is that if you should happen to lose your shirt, you can come back on Fark and join the ranks of (young?) people complaining about how education is expensive, you can't buy a house, and won't someone please give me some money. Complain about the environment and about how "we have to do this NOW" despite the documented harm of feverish bitcoin mining. Hypocrisy is not just a GOP thing.

Alternatively, one COULD choose the slow incremental course of earning a living doing work that is socially beneficial and satisfying, building a solid financial base for oneself and one's family. "Sure things" do exist.

Apparently, few people these days will say that drugs, gambling, crime, deceit, and all sorts of bizarre behaviors should be discouraged to keep people from harming themselves and others. I think society has just decided that people need to learn those lessons for themselves.

Good luck. If you believe in that sort of thing.
 
2021-06-13 10:46:07 PM  

Rapmaster2000: All the Fark Geezers hate it, so you know it's good.  They're all spending Sunday on Fark while hip and cool young guys like me are masturbating in between buying Crypto!


Fark user imageView Full Size
 
2021-06-13 10:50:17 PM  

KRSESQ: God, the suspense is killing me. When does it all come crashing down?


Bitcoin has been crashing for 12 years now......
 
2021-06-13 10:51:53 PM  

Bovine Diarrhea Virus: Crackpots looking to crackpots for crackpot theories.


While crackpot banks keep getting bailed out by public money over the last 40 years
 
2021-06-13 10:55:32 PM  

Lochsteppe: Finally, the missing piece! Now I can roll my 401k over to Bitcoins with confidence.


Id stick with the bailed out bank.
 
2021-06-13 10:56:29 PM  

Loki009: KRSESQ: God, the suspense is killing me. When does it all come crashing down?

It's a religion at this point. Don't count on it in any rational manner


The Future of Blockchain tech is no religion..
Its the future
 
2021-06-13 10:56:58 PM  

Loki009: KRSESQ: God, the suspense is killing me. When does it all come crashing down?

It's a religion at this point. Don't count on it in any rational manner


Religion is the past
 
2021-06-14 6:50:14 AM  

yet_another_wumpus: Nullav: And here I was using the term "technical astrology" as a joke. I guess there might be something to those fetuccini lines after all.

It is the market.  Tea leaves only talk to you, astrology and technical analysis should be the same to everybody buying/selling on the market.  If something makes them buy, either buy first or sell.

The gotcha is that since crypto tries to be a currency, there is no "rational" price for anything, so buying when it goes relatively low is equally irrational (but a sufficiently shared irrationality that it *usually* works).


The problem I see with the "it should be the same for everyone" approach is that there are an almost unlimited number of TA methods, many of which are deliberately mysticised and used differently by multiple groups of people. There are also plenty who deliberately try to oppose popular sentiment. It's noisy and I've yet to see any method that yields better than flipping a coin in a vacuum.
 
2021-06-14 10:11:37 AM  

Linux_Yes: KRSESQ: God, the suspense is killing me. When does it all come crashing down?

Bitcoin has been crashing for 12 years now......


In typical millennial fashion, even their currency can't put in the effort to fail correctly.
 
2021-06-14 10:14:42 AM  

Linux_Yes: Loki009: KRSESQ: God, the suspense is killing me. When does it all come crashing down?

It's a religion at this point. Don't count on it in any rational manner

The Future of Blockchain tech is no religion..
Its the future


It's not a religion.  It's a personal relationship with Satoshi Nakamoto.
 
2021-06-14 11:16:58 PM  
Linux_Yes:

Digital Luddites? The vast bulk of humans can't deal with reality and lie to themselves. I think it has to do with our extremely primative brains. We are just monkeys that learned how to write a few thousand years ago, after all.
 
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