patrick.net

PeopleUnited says

Come to think of it, isn’t all “crypto” just an elaborate confidence scheme? Like a spreadsheet makes it any less ridiculous than selling the Brooklyn Bridge.

Pretty much.

The waters have been muddied because US currency is fiat. I guess the young dupes figure if the government can back dollars with nothing why can't the cryptos.

I'm still selling getrichquick coins but am considering renaming them to something more subtle.

Bitcoin rises to reclaim the $40,000 level as the cryptocurrency tries to recover from brutal selloff

Onvacation says

Bitcoin rises to reclaim the $40,000 level as the cryptocurrency tries to recover from brutal selloff

It's a buying opportunity!

PINK FLOYD PARODY - CRYPTOCURRENCY NUMB

"If you HODL now, your coins will reach the moon!"

Onvacation says

"If you HODL now, your coins will reach the moon!"

I'd agree. This has been the strategy. Buy and hold. I bought 1.9 BTC last year and more than doubled my money. With Altcoins I am sitting on 10x.
During this massive bull market, buy the dips and wait.....>>> HODL.

Eric Holder says

It's a buying opportunity!

This guy gets it!

Bitcoin such a great store of value, a single Musk Tweet of a Linkin Park Buttcoin Meme causes this:

MisdemeanorRebellionNoCoupForYou says

Bitcoin such a great store of value

Could not agree more. I put about 30k into BTC last year and it more than doubled. Imagine I would have my funds sitting in a savings account. I would have lost purchasing power due to inflation.

1 year
Low:$8,975.53
High:$64,863.10

Onvacation says

1 year
Low:$8,975.53
High:$64,863.10

What an insane performance!! I remember when people said "who pays 20k for 1 Bitcoin"? Now those people would be jumping up and down if they could buy BTC at 20K
It just shows....HODL is the way to go with digital gold.

BITCOIN CONFERENCE

BTC Price Statistics
Bitcoin Price Today
Bitcoin Price $32,185.18
Price Change
24h
$-3,602.29
10.07%
24h Low / 24h High
$31,114.44 /
$35,787.47
Trading Volume
24h
$49,384,215,082.12
67.32%
Volume / Market Cap 0.08189
Market Dominance 41.24%
Market Rank #1
Bitcoin Market Cap
Market Cap $603,024,787,623.17
9.98%
Fully Diluted Market Cap $676,104,216,253.83
8.51%

Onvacation says

BITCOIN CONFERENCE

These guys look and behave like slime in that short clip. Is this not obvious? They look like tools out to CON you.

I don't care where the price goes, it ultimately has no value. I'm done predicting when it goes back to say $500 long term (likely less), but that's where it's going.

Buy the dip! Great buying opportunity!

ELIZABETH WARREN THINKS BITCOIN IS A SCAM!

At a recent Senate Banking Committee hearing, Senator Elizabeth Warren (Dem., Massachusetts) said that "cryptocurrencies have created opportunities to scam investors, assist criminals, and worsen the climate crisis."

She further added that "the threats posed by crypto" cannot stay ignored by the government and suggested that more regulations be put in place.

If Liz doesn't like it, it must be good.

Onvacation says

If Liz doesn't like it, it must be good.

True! Bitcoin is a great store of value and secure way to store value in a way that cant be taken from anyone. (hardware wallet).

Bitcoin says

great store of value

It only fluctuates like the flab on a new Victoria's Secret model.

Onvacation says

Bitcoin rises to reclaim the $40,000 level as the cryptocurrency tries to recover from brutal selloff

Nope! Dipped below 30K instead.

beautiful buying opportunity! maybe the last great buying opportunity before we hit 100k!

BUY THE DIP!

LAUNCHING FOR THE MOON!

soon

Onvacation says

BUY THE DIP!

LAUNCHING FOR THE MOON!

soon

100% agree!

Good meme. Friends and family should be bigger though bottom left. That's who they sell it to. This is possibly the biggest MLM scheme in history, probably is. Except no one even knows it who dabbles in crypto. They just sell you it and cannot even explain what it is.

I've basically gotten to the point where I tell friends mostly to just shut the fuck up about it. I don't want to hear it. Mostly politely. My one buddy got out in '17-'18 after getting burned and admits it's a scam after buying BTC and starting up a mining rig.

Until people realize everything done is to extract money from you, you'll never understand. It's why I love travel. If you take my money, I at least had some fun and have memories with friends and family. BTC and crypto checks none of those boxes unless you realize gains. It's stressful because of the swings. And there's no assets or anything of value besides trust that someone will pay more. The $ still is backed by assets, resources, military, etc. So don't go there.

I don't want to go down the rabbit hole on these threads again, but it's a complete con job. Anything talking crypto should be banned here in my opinion. Not my site and I can always start my own site. I just think it's toxic and these waves of swings up and down destroy people's lives and the gains are most likely gotten by uber wealthy people.

Onvacation says

Nope! Dipped below 30K instead.

Back up the truck!

WookieMan says

Anything talking crypto should be banned here in my opinion.

The first amendment has been attacked enough lately.

This thread is simply here to explain what bitcoin is. If someone wants to droll on about how it's the currency of the future and digital gold let them. We can politely set them straight. If they seem to troll or actually become abusive we can ignore them.

With or without the button.

Bitcoin should have a big comeback around the time of the midterm elections when a lot of extralegal money needs to be transferred around. I never have been a gambler market timer so I will skip the game called cryptocurrency.

I FOUND THE KRAKEN!

Buy Bitcoin Now On Kraken - Sign Up Today For Free
kraken.com

Bitcoin Was Up 315% In 2020, What Will It Do In 2021? Don't Wait, Buy Some Today On Kraken. We Are Kraken, Consistently Rated The Best And Most Secure Cryptocurrency Exchange.

What other investment was up 315% in 2020?

Onvacation says

I FOUND THE KRAKEN!

Buy Bitcoin Now On Kraken - Sign Up Today For Free
kraken.com

Bitcoin Was Up 315% In 2020, What Will It Do In 2021? Don't Wait, Buy Some Today On Kraken. We Are Kraken, Consistently Rated The Best And Most Secure Cryptocurrency Exchange.

What other investment was up 315% in 2020?

Release the Kraken!!!!!

Got one coin on Kraken that i am holding since Coinbase and Binance US didnt have that one listed. Coinbase Pro is my go to exchange though.

Bitcoin falls below $30,000 as Delta variant fears spread globally
Bitcoin fell below $30,000 again as investors worldwide fret about the Delta variant and what it means for the next stage of the coronavirus pandemic.
https://www.cnn.com/2021/07/20/investing/bitcoin-price-delta-variant-intl-hnk/index.html

Even bitcoin is effected by this terrible pandemic.

Buy the dips! Great buying opportunity! Remember......bull market make you money, bear markets make you rich! (if you buy low)

Onvacation says

Bitcoin falls below $30,000 as Delta variant fears spread globally
Bitcoin fell below $30,000 again as investors worldwide fret about the Delta variant and what it means for the next stage of the coronavirus pandemic.
https://www.cnn.com/2021/07/20/investing/bitcoin-price-delta-variant-intl-hnk/index.html

Even bitcoin is effected by this terrible pandemic.

Because bitcoin has no value other than what a holder is willing to pay. If it was all its cracked up to be it should have done the opposite. It also has been going down with inflation so its not a hedge there.

Bitcoin says

Buy the dips!

Bob Give me 22500-19500 for a 300%-400% wash rinse repeat... 80K-100K
Just like last time buy 14,000+/- sold at 58K been flat BTC since.
Lot better coins to speculate with considering real use case but if you must ;)

Cash says

Bitcoin says

Buy the dips!

Bob Give me 22500-19500 for a 300%-400% wash rinse repeat... 80K-100K

Welcome back @cash !!

All this talk of default has me wondering.

How do you get your money out of bitcoin if the internet goes down?

Onvacation says

All this talk of default has me wondering.

How do you get your money out of bitcoin if the internet goes down?

You don't.

Onvacation says

All this talk of default has me wondering.

How do you get your money out of bitcoin if the internet goes down?

A lot would have to go down, but you don't get any money out. If there's a US outage of internet and cell coverage, good luck getting anything for bitcoin. Water, food and guns will be the biggest asset if anything hits that level. Barter from there with what you've got in other resources. Water, food and ammo would be the big 3 you could trade. Not a soul will be caring about crypto.

If the internet were to go out nationwide, that means the entire electrical grid is probably fucked. Your video game tokens are worthless. This is 1,000% true. I don't care about hardware wallets either. Without verification they're worthless.

Anyone in Louisiana right now that rode out the storm. What do they need? Certainly not bitcoin or crypto. They need food, water, sewer, gas, potentially guns and ammo if things devolve. Fortunately the updated pump and levee systems seems to have worked so I don't think the situation should degrade too much. Not one individual is thinking about crypto though in NOLA.