patrick.net

bits on a stick

@WookieMan

sry its so shitty in IL today....If you would have invested your stimulus in Bitcoin you would at least be able to buy a house in IL.
You probably wont ever have enough funds to move to beautiful SoCal. Amazing weather here today! Taking the doggy for a long walk today and a bike ride later.

Feels like summer today! 75 degrees! pool time

sry its shitty in IL....like all year? I heard its pretty much cold, snowy, rainy during fall, winter & spring and during summer its humid and the bugs are out. Sounds horrible. No wonder you cant stand living there. Sorry @WookieMan

Beautiful day here. But I'm packing up for AZ to golf with the boys. Head out tomorrow. Should be a fun trip. So I don't need to worry about women's and children's tasks. Enjoy the dog though. Sounds like a ton of fun by yourself.

stick bits - the new Gold!

I would not be surprised if bitcoin went up to 100K.

It's a gamble. I never won big in Vegas. I never lost big either. I play with a couple hundred $ at the 21 table, throw some tokens into the one arm bandits, and if I win? I pull some off the table or cash in my bucket of tokens.

I'm not much of a gambler. I usually don't lose all of my $200, have a few drinks, and pocket a couple chips when I'm on a roll. I don't let it ride. I think on my biggest night I left with $800.

I haven't been to a casino for a while.

Onvacation says

I would not be surprised if bitcoin went up to 100K.

100k this year at the very minimum. More likely is 150-200k. We see a lengthening cycle compared to the previous 4 year cycles. This time around we have heavy buying by institutions (Tesla, Paypal, Microstrategies, Square, etc). Now we have a Bitcoin ETF. One can not afford to not hold Bitcoin.

G36 says

One can not afford to not hold Bitcoin.

Why?

What is going to happen to all of the people that don't want to dabble in bitcoin?

Onvacation says

What is going to happen to all of the people that don't want to dabble in bitcoin?

They will be poor and living under the bridge while bitcoin billionaires will be living in Caligulan splendor.

Eric Holder says

Onvacation says

What is going to happen to all of the people that don't want to dabble in bitcoin?

They will be poor and living under the bridge while bitcoin billionaires will be living in Caligulan splendor.

Sometimes creating a Ponzi scheme is not very difficult when things are in right place.

that was a cute little dip.....obviously the bears didnt buy. Sorry you got so excited .....short lived.

G36 says

100k this year at the very minimum.

Or it could revert to it's actual value.

I suspect that eventually bitcoin will be a subscription service where no one is actually buying the $100,000.00 bitcoin but the HODLer's are paying the "miners" to update the list of "bitcoin millionaires.".

Is there a million? Or ten million Satoshis in a bitcoin?

Someday a whole coin will be worth more than the country of Slovakia and people will bid outrageous prices for the few Satoshis that ever hit the market.

The halvening is real.

Onvacation says

Crypto Hedge Funds Defraud $100 Million From Investors

Fixed:
Crypto Hedge Funds Defraud $100 Million From Gamblers

I agree, Bitcoin is probably going to reach 250k by this year. thanks

and thanks TESLA

G36 says

Bitcoin is probably going to reach 250k

Would you be willing to pay a "miner" a fee to confirm that?

every time i have moved Digital gold (Bitcoin) from an exchange to my Trezor i paid small transaction fees (you call it miner fee).
I love miners.....thanks for mining Bitcoin dear miners! I dont mind if you increase your fees by 10x. Without miners we would not have Bitcoin at 50K and we sure as hell would not have the alt coin market skyrocket because without Bitcoin the Altcoin market would be dead.

Miners for president! Go miners! We love you!

G36 says

i paid small transaction fees (you call it miner fee).

Do you even know how bitcoin works?

Not expecting a cogent answer.

G36 says

every time i have moved Digital gold (Bitcoin) from an exchange to my Trezor i paid small transaction fees (you call it miner fee).
I love miners.....thanks for mining Bitcoin dear miners! I dont mind if you increase your fees by 10x. Without miners we would not have Bitcoin at 50K and we sure as hell would not have the alt coin market skyrocket because without Bitcoin the Altcoin market would be dead.

Miners for president! Go miners! We love you!

i would actually pay 20x more fees. they are sooo low, that even a 20x wouldnt be noticeable.

peak FOMO

Mining pools should get medal of honors.

You do know that the miners don't get the exchange fees but work for new " coins"? Don'tcha?

The fees are paid by the next greatest fool to the exchanges.

Have you found the next greater fool yet to buy your matchbox car? that you paid 10k for?

Hope you took some profits. It's a long way down.

I havent taken any profits in BTC yet. Simply because we didnt hit 400k yet. Its only at 51k....i agree....it will take a few more weeks to get there.
Cardano, i will probably sell at around $10 bucks....i bought it at an avg of 10 cents.....just like those numbers....from 10 cents to $10 dollars :)

G36 says

I havent taken any profits in BTC

We know.

Onvacation says

G36 says

I havent taken any profits in BTC

We know.

Of course! Why should i have spent my precious digital gold coins at a price of say 40k....when just a few days later its at 50k.....why should i spend my precious coins at 51k if I believe it will go to 400k? Its smart money. Dumb money (Wookieman) will buy my precious digital gold coins when I sell at 400k.

G36 says

Dumb money (

Also known as the greater fool. How do you know it's not you?

if you pull a 3x in BTC and 10x in Cardano in just under 6month, you can call yourself smart money. (G36)

If you buy a matchbox car for 10grand and cant find a greater fool, you can call yourself dumb money. (you might know who I am referring to)

G36 says

if you pull a 3x in BTC and 10x in Cardano in just under 6month, you can call yourself smart money. (G36)

SO,
You are smart money?

You do know ya have to sell to profit, don'tcha?

Onvacation says

G36 says

if you pull a 3x in BTC and 10x in Cardano in just under 6month, you can call yourself smart money. (G36)

SO,
You are smart money?

absolutely. I even bought Bitcoin before Tesla :)

G36 says

I even bought Bitcoin before Tesla

Another great example. Though both are overpriced, Tesla is real. Crypto is bits on a stick that you must find a greater fool to buy. Whereas Tesla is an ongoing business with cars and things.

See the difference?

It's kinda like that overpriced hot wheel car you keep bringing up, it's real. Your bits on a stick, not so real.

Onvacation says

G36 says

I even bought Bitcoin before Tesla

Another great example. .

I know! That's why I am smart money....and you are dumb money for paying 10grand for a matchbox car. You will never find a greater fool to pay you back what you invested. @onvacation

I thought you were older.

Buy the dip!

Onvacation says

Buy the dip!

Always!

Is Bitcoin at risk of another drop below $40K in a historically corrective March?
https://cointelegraph.com/news/is-bitcoin-at-risk-of-another-drop-below-40k-in-a-historically-corrective-march

Bitcoin (BTC) has seen a corrective week as the price dropped from $58,000 to $44,000 in a matter of days. This dropdown caused a panic reaction across the markets as the euphoria was immediately halted.

For instance, the Crypto Fear and Greed Index plunged to monthly lows of 56 after being above 90, or "extreme greed" for an entire month.

However, such a panic reaction is unwarranted because corrections appear frequently in a bull market as a "reset" before continuation. This is organic and healthy and offers a good opportunity for traders and investors to buy the dip.

BUY THE DIP!