patrick.net

Donald says

Now Bitcoin is at $29,000. That's it. I am selling my Bitcoin and investing in safer assets based on solid fundamentals: Meme stonks, SPACs, and NFTs.

You're nobody if you ain't still HODLing beanie babies.

My guess is up from here. Three failed attempts at breaking support (Rule of 3), high probably it was basing and will go higher until it's meets resistance in upper 30's.

Dholliday126 says

My guess is up from here. Three failed attempts at breaking support (Rule of 3), high probably it was basing and will go higher until it's meets resistance in upper 30's.

Would agree. the healthy bottom is in. up, up, up from here on

https://www.cnbc.com/2021/06/28/cathie-woods-ark-invest-files-to-create-a-bitcoin-etf.html?utm_content=Crypto&utm_medium=patrick.net&utm_source=patrick.net&fbclid=IwAR21bI5-ITzsw-n9MgWv4ucR8vcnezFRvTx7t8O8VEZWYUgCQRrGBBCfpoU&utm_campaign=patrick.net#Echobox=1624912604

"Cathie Wood’s Ark Invest to create a bitcoin ETF under the symbol ‘ARKB’"

I will be a buyer if it gets approved .....because you just cant have enough Bitcoin exposure.

YAWN.. where is all my bitcoin pumping today?

Zak says

YAWN.. where is all my bitcoin pumping today?

You should ask, where the clowns that predicted Bitcoin to go to 1.2k?
Or, where are the clowns that said Bitcoin will never reach its previous high (20k)
Or, where the clowns that predicted Bitcoin will go to zero?

I know, I know....when Bitcoin dips, you perma bears feel confident to open your mouth....when its running up, we get silence.
Bitcoin has its way to slap the haters left and right.....just be patient.

Bitcoin says

You should ask, where the clowns that predicted Bitcoin to go to 1.2k?

Still will. Maybe lower. There's no physical or fundamental value. That's indisputable. Present an argument otherwise. You still haven't. It's a ponzi scheme and you're the one paying the whales. In finance, whales get bored and move on. Crypto is worthless.

just_passing_through says

Donald says

Now Bitcoin is at $29,000. That's it. I am selling my Bitcoin and investing in safer assets based on solid fundamentals: Meme stonks, SPACs, and NFTs.

You're nobody if you ain't still HODLing beanie babies.

I know somoeone who has a wall full of beanie's in a plexiglass wall case... and I cannot tell her shit about her decisions... she sells low and buys high... Now she has to sell her $42K car for $31K because of her ass backwards financial decisions. She complains, and I throw an idea out to help, but she cannot think outside the box. A part of me wants to see her go belly up. The old man is loosing his pep in his step... He has no Dough to spend... He let her manage it all..
Their are so many stupid humans out there that think so shallow.

seesaw says

I know somoeone who has a wall full of beanie's in a plexiglass wall case... and I cannot tell her shit about her decisions... she sells low and buys high... Now she has to sell her $42K car for $31K because of her ass backwards financial decisions. She complains, and I throw an idea out to help, but she cannot think outside the box. A part of me wants to see her go belly up. The old man is loosing his pep in his step... He has no Dough to spend... He let her manage it all..
Their are so many stupid humans out there that think so shallow.

I used to bang a chick in SF who lived on Haight and Masonic. Two bedroom place that used to be the 'free clinic' back in the 60s during the hippy thing. Nice place after it was remodeled and she lived in it.. Although instead of crown molding she had her Pez collection all along the ceilings. Yes, those candy dispensers. She believed they would make her rich someday.

Aside from the cat hair the sex was good.

I need to start doxing people around here so I can torture them for their passwords and steal all of their bitcoin.

Seesaw made an astute observation.
On the other hand, if females had their own money they might be harder to bribe into doing a man’s bidding.
Food for thought.

just_passing_through says

seesaw says

I know somoeone who has a wall full of beanie's in a plexiglass wall case... and I cannot tell her shit about her decisions... she sells low and buys high... Now she has to sell her $42K car for $31K because of her ass backwards financial decisions. She complains, and I throw an idea out to help, but she cannot think outside the box. A part of me wants to see her go belly up. The old man is loosing his pep in his step... He has no Dough to spend... He let her manage it all..
Their are so many stupid humans out there that think so shallow.

I used to bang a chick in SF who lived on Haight and Masonic. Two bedroom place that used to be the 'free clinic' back in the 60s during the hippy thing. Nice place after it was remodeled and she lived in it.. Although instead of crown molding she had her Pez collection all along the ceilings. Yes, those candy dispensers. She believed they wo...

Man you're making me nostalgic with all the bang stories. Fact is I mostly did have a great time in SF and certain banged quite a few chicks, and they, like the city, all had their own charm. I'd say SF retained at least some of that charm at least up until the rebound from the 2008 recession started, so really the last 10 years turned it into complete shit with covid, chesa b and the rest of the corrupt fucks as its death knell. The city did harbor some beauties and good sex back then.

Are the bitcoin purchasers at $60k whole again yet? When can we tell them that bitcoin only goes up again?

Zak says

Are the bitcoin purchasers at $60k whole again yet? When can we tell them that bitcoin only goes up again?

They are busy dollar-cost-averaging!

DCA down to the last penny!

All economies are doomed if they are not instrumented with a fantasy currency backed by hysteria!

Burn your dollars!

Suck my dick!

Oooh @bitcoin!

These are your buy signals!

(kidding; don't go overboard; buying or responding)

nice buying opportunity. Bitcoin will consolidate for a few month until we see the next leg up.

Just wondering.. is there a shortage of bitcoin? It seems someone is still buying it for $32k a piece. What are they producing with those bitcoins anyway?

Zak says

Just wondering.. It seems someone is still buying it for $32k a piece.

yeah, smart investors usually buy the dip. Has paid off bigly. I am predicting at least 100k per Bitcoin this bull cycle (by 2022).

Ping.. bitcoin still down 50% ? Is that a haircut? As the black knight would say, "tis but a flesh wound" ?

Donald says

This 50 % dip is just a healthy correction before we make new all time highs

Exactly....cant go up in a straight line....need to correct and consolidate. Look at the previous bull runs.....we didnt go from 1000 to 20,000 in a straight line. corrections are needed to build support levels.

The Fed talking about regulating "stable coins" (you know actually having some sort of collateral behind them) has gotten people worried.

Only about $1 trillion in market value has gone to money heaven. There's just not much liquidity on the buy side right now for something that only trades a few billion a day.

Misc says

The Fed talking about regulating "stable coins" (you know actually having some sort of collateral behind them) has gotten people worried.

Only about $1 trillion in market value has gone to money heaven. There's just not much liquidity on the buy side right now for something that only trades a few billion a day.

One guy I know made few million in Bitcoin. Yes pump and dump guy. Some suckers lost few million.

got kinda quiet here.....Crypto must be up?



Ah, I forgot....when Bitcoin is moving up, the haters "dont care"....since...."they never cared"

except....when Bitcoin is correcting.....then the cheerleader gear is put on and the haters celebrate like there is no tomorrow.

I still don't care.
I ran into a female at the gym who told me about her son yelling at her to buy Ethereum.
She even sent me a link to some article about it.
She said she's thinking about buying some.
I told her gambling is fun when you're winning.
The suckers who paid $60,000+ for Bitcoin are as quiet as church mice.
She's sort of pissed off at me now, I guess I disrespected her son somehow.

Jimmy Crack Corn and I don't care!
clambo says

The suckers who paid $60,000+ for Bitcoin are as quiet as church mice.

Fact is: If they havn't sold they haven't lost a cent. correct? Just like the 1s who didn't sell at 20k are more than 100% profit. Correct? Facts is facts brother ;)
More then likely end game her son rolls the dice and it makes him bank...

Bitcoin says

got kinda quiet here.....Crypto must be up?

Personally I wouldn't be putting my tennis shoes and go chasing price here ;) 47k+/- is a rough neighborhood and could be the start of a nice big BTC smack down.

I know if someone rode it down after paying $60,000 for Bitcoin he has not yet realized a loss.
He’s just sitting around biting his fingernails hoping for a miracle, and he is likely not bragging here or anywhere else.
Meanwhile I collect interest, capital gains, dividends and sometimes my shares multiply from a split (e.g. Apple).

just_passing_through says

(kidding; don't go overboard; buying or responding)

Clambo has a very simplistic view of investing. If Bitcoin is not trading at all time highs every single day he will continue to say but but but yesterday some "sucker" bought at the all time high. There just isnt enough processing power in his brain to understand there are people sitting on massive crypto gains because the simply dollar cost avg and held on.

he was saying the same stuff last cycle when the all time high was 20k. he was also never understand that some people invest in stocks and crypto. It doesn't haven't to be an either or.

Bitcoin broke through overhead resistance.....ideally you see a back-test / bounce off the support line and we are off to the races for the next leg up.

So what. He has his investment platform that's worked very well for his age range. You have yours. I'm somewhere in the middle.

Arguing about it all the time just makes me do stupid stuff like accidentally attacking cash.

just_passing_through says

So what

exactly. my words. Nobody is trying to tell anyone to buy crypto or apple....some are crypto cheerleaders and some are haters. posting the same BS is just silly.

"I dont care" whenever Bitcoin is up but I cheer when Bitcoin corrects is just silly.
Same as comparing 105% stock gains over 5 years with 130% gains in Bitcoin since November 2020. Just silly.

My simplicity is working very well.

clambo says

My simplicity is working very well.

well ya, nobody said it wouldn't....I own APPL too....but i diversify and have a significant amount in crypto (and RE).
some people like to take the scenic route and some like 10x gains :)

Knowing what I am doing I guess may be called simple by some.
10x gains sound like my AAPL. When the shares go up another 14 bucks I’ll be an Apple millionaire.
People are actually buying Apple products and services. Apple pays me a dividend higher than my first paychecks.
My funds are up probably 10x or more, but I bought them long ago.
Ethereum, Bitcoin and the rest are either hope, fear, or something else but they are not investments.
I actually enjoyed telling that dried up hag that cypto was bullshit.
She’s still working at 68 for lack of money and prior planning. Her sons don’t have real money.
I don’t listen to people who are still going down to the salt mines for necessity.
My father would not always like my ideas and he said “If you’re so smart why aren’t you rich?”

clambo says

10x gains sound like my AAPL

if your time horizon is a decade....certainly!



you have the right idea though....10x gotta be the goal.....9%-15% annually just doesnt cut it.....look at inflation (5.4% in June)

Just checked my Ethereum performance. 185% within less than 12month. I couldnt agree more with Clambo's dad......dont just tell yourself how great your stocks did over a decade.....there is a reason why smart (and rich) people are diversified and invest in stocks, RE and Crypto (Elon Musk, Cathie Wood, Jack Dorsey, Michael Saylor, Mark Cuban...)

clambo says

My simplicity is working very well.

clambo says

Knowing what I am doing I guess may be called simple by some.

Project Much? lmao
How about live and let live instead of playing the project and cancel culture game?

Cash says

How about live and let live instead of playing the project and cancel culture game?

exactly! Why always having the urge to shit on someone's investments....If you dont like to put some of your money in crypto ....GREAT! stick with APPL.

Unlike Magic Internet Money, Apple Products actually exists.

Buttcoin has already been stolen, hacked, and manipulated. And confiscated by governments.


Real value when the economy collapses. .22LR, AAA Batteries, and YAMS!