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Bitcoin stuck under $40K, but BTC price hits another all-time high vs. Russian ruble

Onvacation says

Bitcoin stuck under $40K, but BTC price hits another all-time high vs. Russian ruble

Even fucking cowrie shells hit all-time high against Rubble (sic!).

In the end fiat will be worthless and crypto will still be valued in fiat, or seashells.

Onvacation says

Bitcoin stuck under $40K

If you look at last year's breakout ...

https://patrick.net/post/1338279/2021-02-28-rin-s-5-min-take-on-bitcoin



The price congestion, ala area of testing, is at the higher Fibonacci bracket than that of 2021. If anything, this is a classic bullish entity, even if it's based on a collective delusion of e-gold.

Realize, bullishness doesn't mean Proctor & Gamble, Exxon-Mobil, or 3M. Those are Fortune 1000 blue chips. Bullishness is simply how a market is moving.

Kraken to Distribute Over $10 Million in Aid to Clients Impacted by Ukraine Crisis
https://blog.kraken.com/post/13215/kraken-to-distribute-over-10-million-in-aid-to-clients-impacted-by-ukraine-crisis/?source=patrick.net

Onvacation says

Bitcoin stuck under $40K

That aged well @Onvacation




Oh wait, I forget BTC haters only care about price when its correcting.

BTC goes up: Silence by the hater
Me: "hey where are the haters??"
Haters: "We dont care about price!"
BTC price corrects
Haters: "BTC price is down!!!!"

Save_Ukraine says

Oh wait, I forget BTC haters only care about price when its correcting.

BTC goes up: Silence by the hater
Me: "hey where are the haters??"
Haters: "We dont care about price!"
BTC price corrects
Haters: "BTC price is down!!!!"

Here are things you may want to keep in mind, the Russell 2K & the EUR/USD.

Sure, the Russ price box is holding, however, it's below its 50 weekly MA & not too far from the 200 weekly MA. If these start to converge, ala Death Cross on a weekly time frame, the bullishness of the market may be over.

And likewise, the EUR/USD is testing its decade long low during this season.

All and all, if these two factors don't change for the positive then BTC may see its current bulllishness end by mid-summer which is my first take profit target.

Most of BTC exchanges are enforcing anti-Putler sanctions, btw.

Eric Holder says

Most of BTC exchanges are enforcing anti-Putler sanctions, btw.

Newbies trap, most know better then leave their cryptos on the exchanges especially the exchanges that US traders can trade and KYC with.

https://www.dailymail.co.uk/news/article-10593905/Biden-signs-executive-order-regulate-cryptocurrency-traded.html?source=patrick.net

Fuck Biden and his digital dollar.

Can transactions be blocked at the node? My understand is if you're using an offline wallet, you're still dependent on third party software. If the government is able to figure out your "onramp" can they then camp out on the wallet providers node and block your transactions? Short of running your own node, it seems like every convenience step adds a layer where the government can step in. Obviously they can't seize your assets, but then you couldn't use them either.

EBGuy says

My understand is if you're using an offline wallet, you're still dependent on third party software.

Yeah, but you don't need a wallet. Just a piece of paper. Or your brain and a seed phrase. So there is that. I guess eventually you'd need some sort of SW to get back in but you can trash your wallet and get a new one (maybe in Russia) if you need to.

Onvacation says

Fuck Biden and his digital dollar.

Yup. Sucks don't it? I've been waiting for this to make a CBDC thread. They are going to force this shit on us. It's not just Joe though it's all those globohomos too.

What would you rather own, twenty one ounce gold coins or one Bitcoin binary code on your flashdrive?

If you don't hold it you don't own it.

both

Onvacation says

What would you rather own, twenty one ounce gold coins or one Bitcoin binary code on your flashdrive?

If you don't hold it you don't own it.

Thats right! Not your keys, not your crypto!

(always move crypto from the exchanges to a cold storage / hardware wallet).

And of course I would rather own Bitcoin than Gold.

For obvious reasons:

Gold seems quite decentralized to me, as long as many individuals hold it.

It's also extremely portable, more so than paper cash even, as long as you have more than an ounce.

It's also sovereign, in that Canada, Australia, South Africa and others all mint their own coins.

Wozniac endorses bitcoin

original link
/

Liquid death and the Kimcoin from the Woz.

State Street to Develop Digital Custody in Collaboration with Copper.co
State Street intends to offer digital custody for some of the most active cryptocurrencies and other digital assets, subject to regulatory approvals

“That State Street, one of the world’s largest custodians, is creating a new digital asset service is a hugely important development for institutional engagement in this new asset class”

https://www.businesswire.com/news/home/20220309005564/en/State-Street-to-Develop-Digital-Custody-in-Collaboration-with-Copper.co?source=patrick.net

Cash says

new asset class

Fiat digital currency, twice removed from real assets because it is valued in fiat money which is valued in the faith and good credit of the country that issued it. I have little faith in the fiat dollar and even less in its digital derivatives. If the dollar crashes what will bitcoin be traded in?

All digital currencies require a greater fool to make a profit while requiring vast resources to keep them going. In all of the posts to this thread nobody has successfully rebutted this premise; nobody.

If you want to gamble don't pretend like you are investing. FOMO keeps it going.

Onvacation says

If the dollar crashes what will bitcoin be traded in?

BTC can be traded for anything really it don't exist because of the $. The dollar is just 1 of the many measuring sticks, p2p or b2b could trade anything they wish
for BTC. To disclose I don't own any BTC and just some dust of ETH.
What Happens to Bitcoin if the Dollar Crashes?
https://coinmarketcal.com/en/news/what-happens-to-bitcoin-if-the-dollar-crashes?source=patrick.net
Here are few opinions which I am in agreement that BTC appreciates initially, long term I have no idea of what it's
real value will be in the next few year however short term I see IMHO 89k-104k this year 2022 easy.

BTC has problems with POW/energy/ greenies and ETH besides it's high fees and the fact so far it's scaling is crap will likely
soon be in the SEC sights and under scutiny for its initial offering and some illegal promotions in the beginning ICO.

Onvacation says

If you want to gamble don't pretend like you are investing. FOMO keeps it going.

I hate to inform you OV every investment/trade is a gamble. Investing 101
Prove my statement is wrong or go find another uninformed uneducated opinion.

Cash says

I hate to inform you OV every investment/trade is a gamble.

Lottery tickets are a gamble, but probably a safer bet than HODLing Bitcoin, wouldn't you agree?

Every investment is a gamble. All I am saying is that any value crypto has depends on a greater fool thinking it is more valuable than what you paid for it. A greater fool ready to part with his money. It has no substance other than electronic zeros and ones.

The value of any/all/every investment depends on a greater fool thinking it is more valuable than what you paid for it.
That rings true for all investments. You really should go study for a minute and go find some kind of fresh argument.
However I am sure you are not interested at all about the reality of cryptos. I would call you a spammer if you weren't the 1
who created this BS post lol Fortunately most know a old man and his tired old arguments have little value.
Crypto is way bigger then BTC.

Onvacation says

Lottery tickets are a gamble, but probably a safer bet than HODLing Bitcoin, wouldn't you agree?

Not at all and I bet most here don't agree with that naive uneducated statement. Maybe wookie dog
I wish you could hear how ignorant, pushing stupid you sound

You should ask where all the brightest from MIT want to work?
You think they are going to your old tired cheating legacy financial entities?

Actually they probably are, except they are going to those institutions to develop crypto
management applications systems etc. because the old fucks have no clue and need
the young blood to come rescue them before they are left behind.

Cash says

I bet most here don't agree with that naive uneducated statement. Maybe wookie dog
I wish you could hear how ignorant, pushing stupid you sound

You resorted to personal attack. I win.

Unless you can tell me HOW to make money in crypto without finding a bigger fool.

Crypto development Jobs out the ass!!! What an opportunity fortunately these people arn't so bias as to not see the truth..
https://crypto.jobs/?source=patrick.net
CryptoJobs is the #1 website for blockchain jobs. We believe the emergence of blockchain technology and decentralized applications will change the world as we know it, and it’s already happening. We’re on a mission to connect talented individuals to the best blockchain projects, to accelerate the advent of a more decentralized world.

Browse by categories
Browse by top locations

Onvacation says

Unless you can tell me HOW to make money in crypto without finding a bigger fool.

Just look above... I guess you dont win lol Mic Drop!!! peace out ;)

Cash says

Onvacation says

Lottery tickets are a gamble, but probably a safer bet than HODLing Bitcoin, wouldn't you agree?

Not at all and I bet most here don't agree with that naive uneducated statement. Maybe wookie dog
I wish you could hear how ignorant, pushing stupid you sound

Dude you sound like a bitter human. Desperate for riches. I haven't commented on any of this in a while and I somehow get brought into this?

Trade your made up "currencies" and make money if you can. Why do you care so much that you bring up a commenter that hasn't touched a BTC/Crypto threads in months? Reeks of insecurity. You do you. I'll do better.

I knew you were tolling this thread lmao I knew you could not restrain yourself I just wanted to bait you and give
opportunity to spam with your are BS trying to save everybody from crypto... lmao Which has been your only argument
and I bet you even got tired of you own worthless spam.

Stupid is as stupid does.

Cash says

I knew you were tolling this thread

Legit described yourself. I'm out.

Onvacation says

Stupid is as stupid does.

Yep you and wookie forever... Did you see the ocean of crypto jobs? Which invalidates all the BS you both you have
posted since the beginning of this thread.

Crypto development Jobs out the ass!!! What an opportunity fortunately these people arn't so bias as to not see the truth..
https://crypto.jobs/?source=patrick.net
CryptoJobs is the #1 website for blockchain jobs. We believe the emergence of blockchain technology and decentralized applications will change the world as we know it, and it’s already happening. We’re on a mission to connect talented individuals to the best blockchain projects, to accelerate the advent of a more decentralized world.

Browse by categories
Browse by top locations

Cash says

Crypto development Jobs out the ass!!!

What is the ultimate product or service these "out the ass" jobs provide?

Onvacation says

What is the ultimate product or service these "out the ass" jobs provide?

Besides gigantic pay checks and long careers that have the strongest demand any developer could possibly wish for any time in history, The new financial system will be digital not likely BTC or ETH but several others have the perfect utility to be a part of... Especially XRP which is the most likely candidate to be a big part of, or perhaps replace the SWIFT system with cross border ODL pmts at fraction of a penny in seconds not days. End game the the 4th industrial revolution, and whats more important then replacing the finacial ponzi scheme that exits now that you put your faith in.

https://earthweb.com/cryptocurrency-statistics/?source=patrick.net
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70. Bitcoin Is in The Top 30 of Entities that Use Energy in The World
And the rest of the entities in the top 30 are countries.

71. The Amount of Carbon that Bitcoin Miners Emit Is More than The Entire Country of New Zealand
This includes industrial, power, commercial, and transportation emissions.

72. Bitcoin Uses the Same Amount of Energy as All Worldwide Data Centers
This stat shows that Bitcoin is taking up a lot of the world’s energy.

73. Bitcoin Mining Surpasses Gold Mining in Energy Intake
This means that mining for Bitcoin takes up more global carbon emissions than mining for gold.
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