patrick.net

WookieMan says

need help to purchase your first Satoshi, let me know.

What if nobody bought another bitcoin? What if everybody but the HODL'ers realized that it was a Ponzi scheme? Would the price be maintained? Would all the HODL'ers keep buying as the price approached zero? Or would there come a balance between what the HODL'ers would pay and what the HODL'ers would sell?

Bitcoin is so expensive right now because very little is for sale. If Musk's $1,500,000,000 were divided into all 22,000,000 "coins" that will eventually be "mined" that would be an extra $68 dollars per "coin" But Musk's money is not adding a little price to all of the coins but just bidding up the value of the coins available for sale. At the current price of bitcoin Musk has bought up about a months supply from the miners. These miners spend ALL of the money on electricity, hardware, rent, food, hookers, blow, cars, and paying off the local corrupt government.

Your moon shot is going to run out of rocket fuel.

Onvacation says

WookieMan says

need help to purchase your first Satoshi, let me know.

I would buy soon. Bitcoin approaching 52k right now :)
@Wookieman...be a man!

Onvacation says

Patrick
Is there any way to stop G36 s abuse short of ignoring him? He occasionally has something interesting to say but his bitcoin fanboidom incursions into my inbox has become annoying.

@Onvacation

Each email should have a link at the bottom to stop getting that kind of email. Let me know if that's not true, or does not actually work.

Nice! thanks Pat. that would actually mean, he has to do something by himself. Sissy's are not used to that....they are used to getting bailed out.

G36 says

Nice! thanks Pat. that would actually mean, he has to do something by himself. Sissy's are not used to that....they are used to getting bailed out.

Some people need to get a life.

Onvacation says

G36 says

Nice! thanks Pat. that would actually mean, he has to do something by himself. Sissy's are not used to that....they are used to getting bailed out.

Some people need to get a life.

Working from home @onvacation. Beautiful weather here in Socal...and lunch time....gonna walk the doggy in a bit.....did it work out with buying some satoshis?

Bitcoin is over 52k now! going up quickly!

Patrick says

Each email should have a link at the bottom to stop getting that kind of email. Let me know if that's not true, or does not actually work.

Thanks Patrick.

I don't want to block all emails. Maybe Mr. G will behave and stop @ing me.

bawahahahah

@onvacation

WookieMan says

Onvacation says

Please stop

being gay

Mhm, seems like @onvacation doesnt like gay's? And it seems like @WookieMan is trying to come out of the closet.

@Wookieman, whats your boyfriends name and does he own Bitcoin?

G36 says

bawahahahah

Plenty of users here have disagreements. You've had to change your past usernames. No one has to wonder why now. Keep it up. You're losing, but keep it up.

If you're a fool buying bitcoin sell before you become the last greatest fool. Even the traders are trying to time the market. Even HODL'ers plan on selling to a greater fool someday. Don't be the last greatest fool.

If you don't know who the bitcoin fool is, it might be you.

G36 says

WookieMan says

Onvacation says

Please stop

being gay

Mhm, seems like @onvacation doesnt like gay's? And it seems like @WookieMan is trying to come out of the closet.

@Wookieman, whats your boyfriends name and does he own Bitcoin?

It would be nice if @WookieMan at leasts answers questions once in a while.

G36 says

@Wookieman, whats your boyfriends name and does he own Bitcoin?

Keep up with the comedy. You might have an actual career at some point. There's a mirror and that question was meant for you... I love how self deprecating you are. I didn't think gays were like that. Thought they were pompous, boisterous pumpers ;)

WookieMan says

G36 says

@Wookieman, whats your boyfriends name and does he own Bitcoin?

pompous

Pompous? Interesting name. And what's his nickname? Pomp?

And how many Satoshis does he own? Are you the female in the relationship @Wookieman?

If you buy stock you, theoretically, buy a "share" of the profits and losses of the company which uses your investment to buy tools and materials to pursue their business model.

What is bitcoins business model?

If you buy a Satoshi you are paying for "miners" expenses and an updated decentralized ledger that indicates you now own one Satoshi.

Agreed, its digital gold and a great wealth generator. I made over 3x since November. Wow!

Crypto Hedge Funds Defraud $100 Million From Investors, Founder Faces 20 Years in Prison

he U.S. Department of Justice (DOJ) announced Thursday that Stefan He Qin, a 24-year-old Australian national and founder of two crypto hedge funds, has been charged with securities fraud and has pleaded guilty in Manhattan federal court.

Qin “owned and controlled two cryptocurrency investment funds” called Virgil Sigma and VQR Multistrategy Fund between 2017 through 2020, the Justice Department described. Both funds were based in New York. According to the DOJ, the two funds had “over $100 million in investments.”

HSI (Homeland Security Investigations) Special Agent Peter Fitzhugh commented that “Qin mastered the art of trickery by representing these firms as profitable investment strategies so more victims fell to his tactics and were defrauded of nearly $100 million.”

U.S. Attorney Audrey Strauss said Qin “drained almost all of the assets from the $90 million cryptocurrency fund he owned [the Virgil Sigma fund], stealing investors’ money, spending it on indulgences and speculative personal investments, and lying to investors about the performance of the fund and what he had done with their money.”

https://news.bitcoin.com/cryptocurrency-hedge-funds-defraud-100-million-investors-founder-20-years-prison/

G36 says

Pompous? Interesting name. And what's his nickname? Pomp?

You fit the name. Spot on. https://www.merriam-webster.com/dictionary/pompous

Yet you have no standing. You have no value. It's kind of funny, but also sad.

Onvacation says

Crypto Hedge Funds Defraud $100 Million From Investors

This about sums it up. Can't stop a retard from being retarded though... I just dislike the pump and spam. Not answering a single fucking question. G.... Where did you last travel?

G36 says

WookieMan says

G36 says

@Wookieman, whats your boyfriends name and does he own Bitcoin?

pompous

Pompous? Interesting name. And what's his nickname? Pomp?

And how many Satoshis does he own? Are you the female in the relationship @Wookieman?

Not surprised that @WookieMan doesnt answer any questions.

In what rational universe could someone simply issue electronic scrip — or just announce that they intend to — and create, out of the blue, billions of dollars of value? It makes no sense.

All of this would be a comic sideshow if innocent people weren’t at risk. But ordinary people are investing some of their life savings in cryptocurrency. One stock brokerage is encouraging its customers to purchase bitcoin for their retirement accounts!

If you don't know who the fool is...

@onvacation

i told you, you can lead a donkey (named sissy) to the water but cant make her drink.

Onvacation says

One stock brokerage is encouraging its customers to purchase bitcoin for their retirement accounts!

And this is what these guys are doing. Dangerous game and why I'll continue to try and provide a countering view without name calling.

There are forums out there for crypto. I'm not sure why they spam this site with garbage links and content. Not one of them has answered a flipping question about anything. They don't participate in other threads in meaningful ways or at all. They're paid to pump spam or crypto on the web, convinced of this. No intelligent person can truly think it's a good "investment" and not just a trading vehicle.

WookieMan says

No intelligent person can truly think it's a good "investment" and not just a trading vehicle

Speculation (gambling) not so pure (massive electricity cost) and not so simple (solve complicated math puzzle to update spreadsheet). Hoping the greater fool will buy your coins (bits on a flashdrive).

The scam will leave a lot of fools hornswaggled and a couple manipulators rich. It will also feed the miners until everyone, except the stupid HODLers, gets wise that crypto is a Ponzi scheme dependent on the next greatest fool.

G36 says

@onvacation

i told you, you can lead a donkey (named sissy) to the water but cant make her drink.

made a 12x realized gain (before taxes) on Binance coin :)

SUSTAINABLE ENERGY
Bitcoin’s wild ride renews worries about its massive carbon footprint
*Bitcoin has a carbon footprint comparable to that of New Zealand, producing 36.95 megatons of CO2 annually, according to Digiconomist.
*The cryptocurrency consumes more electricity than the entire annual energy consumption of the Netherlands, Cambridge University researchers say.
*Critics say there are alternative tokens that consume far less power, while bulls argue disputes about bitcoin’s environmental impact miss the point.
https://www.cnbc.com/2021/02/05/bitcoin-btc-surge-renews-worries-about-its-massive-carbon-footprint.html

Onvacation says

SUSTAINABLE ENERGY

correct. Its mainly powered by renewable energy.

https://finance.yahoo.com/news/study-over-74-bitcoin-mining-180300738.html

Study: Over 74% of Bitcoin Mining is Powered by Renewable Energy

Yeah. I don't believe in global warming either.

Good thing all of those miners are running on windmills and solar panels.

Onvacation says

Yeah.

Good thing all of those miners are running on windmills and solar panels.

Exactly right @Onvacation!

@g36
Made any money from crypto yet?

@G36
See how Cash does it? He's a roller. He's a player. He gambles some, pulls some off the table. He's seeing who's bluffing. He's looking for the tell.

He knows he's gambling.

If you were to sell one of your 1.9 bitcoins you could double your money and still have 10s of millions of Satoshis. You a Satoshi millionaire!

After several more halvenings the HODLers will be howling about how the moonshot is still coming while the miners continue to sell satoshis for exorbitant amounts to all of the Investors who feel rich from having bits on a stick.

bits on a stick

Onvacation says

@g36
Made money from crypto

"Congrats"

Thanks man @onvacation!
Appreciate that. Yep, i could get used to making 11x on my investments :)

Thanks Tesla!

G36 says

Onvacation says

@g36
Made money from crypto

"Congrats"

Thanks man

you're welcome. You going to realize some profits? Or just let it ride?

Onvacation says

G36 says

Onvacation says

@g36
Made money from crypto

"Congrats"

Thanks man

you're welcome.

:) You can do an 11x too! Just invest today!

As Elon Musk said, the best time to invest in Crypto was yesterday. The second best time is today!

G36 says

Onvacation says

G36 says

Onvacation says

@g36
Made money from crypto

"Congrats"

Thanks man

you're welcome.

:) You can do an 11x too! Just invest today!

As Elon Musk said, the best time to invest in Crypto was yesterday. The second best time is today!

Why?
Isn't it due for a reset? shouldn't you take a couple chips off the table?

Wealth isn't achieved in 3 months. Let alone 3 years. Average length of an NFL player that was getting paid over $500k as a rookie. Many much higher. They all end up broke for the most part. Even the super successful ones.

Wealth is a lifestyle and not about having a good night at the casino. Eventually the night ends and you need to learn how to be wealthy. The vast majority fail. I suspect you will based on your comments here.

@G36
Make any money from bitcoin yet?
You might regret not pocketing some chips.

I mean bits.

bits on a stick