patrick.net

"Be fearful when others are greedy, and greedy when others are fearful.” -- Warren Buffett, nearly the richest guy on earth

Patrick says

"Be fearful when others are greedy, and greedy when others are fearful.” -- Warren Buffett, nearly the richest guy on earth

I couldnt agree more @Patrick
I believe that is exactly what we Bitcoin investors are doing currently. We are greedy and buy crypto while others are fearful.
Take Patnet for instance. Just today somebody wrote, posting Bitcoin news is "DANGEROUS". People are scared of Bitcoin and are scared to invest in it. Good! That means we are not even close to a bubble top!

Once the masses pour into Bitcoin and people like WookieMan, onvcation etc start buying Bitcoin, I will know to run for the hills and sell.

WookieMan says

G36 says

Its really Awesome that Jim Cramer pumps Bitcoin now....everyone is jumping on the Bitcoin rocket ship

More proof

yep. more proof the environment is very bullish for Bitcoin.
here the Cramer interview. He's a very knowledgeable veteran when it comes to investing.
https://www.youtube.com/watch?v=1uKB-ljzn2M

Cramer recommends everyone to allocate a few percentages into Bitcoin. Smart advice.

@WookieMan, he didnt mention LUV. Sorry!

G36 says

I will know to run for the hills and sell.

No you won't. It will be too late. The bottom will fall out quicker than you can react. Your pittance of an investment will be wiped out when the whales want their money and know the game is ending. You won't have a choice when that happens. It's coming sooner than you think though.

Remember summer. Rich people actually use the money they gain and don't like having to deal with it while they're enjoying life. You'll learn.

WookieMan says

G36 says

I will know to run for the hills and sell.

It's coming

Of course...Dumb money (like you) will always rush in at the end...you are a great indicator when the top is near. Thanks Sissy

G36 says

Of course...Dumb money (like you) will always rush in at the end...you are a great indicator when the top is near.

I won't have $1USD invested in BTC. Ever. I make more than enough money. Don't need to chase. You'll learn.

WookieMan says

G36 says

Of course...Dumb money (like you) will always rush in at the end...you are a great indicator when the top is near.

I won't have $1USD invested in BTC.

Exactly!!! That's what the dumb money says and than they buy the top (Fomo in at the end). That's why this indicator is so helpful and it works.

G36 says

Fomo in at the end

So your FOMO right now will eventually result in Wookie's FOMO at "the end".

Tell us about "the end". Is this when the last greatest fool, maybe Wookie, buys your "coins" at a ridiculously inflated price? Or is the end when all of the central banks of the world finally realize that bitcoin is the currency of the future and spend all of their fiat to buy bitcoin?

Will people without bitcoin starve?

Onvacation says

G36 says

Fomo in at the end

Tell us about "the end". Is this when the last greatest fool, maybe Wookie, buys your "coins" at a ridiculously inflated price?

That seems possible. Usually it goes like this:

Smart money>Institutions>retail>dumb money>cycle peak.

no offense, but i would categorize onvacation and wookieman as dumb money.

I love waking up to news like "Bitcoin is up 7%".

It looks like we are seeing 50K Bitcoin soon.

G36 says

Smart money>Institutions>retail>dumb money>cycle peak.

Or just don't throw money at a scam and still be wealthy. There are other options out there that are exponentially less risky than being involved in a scam.

You don't answer anything, but how old are you?

WookieMan says

G36 says

Smart money>Institutions>retail>dumb money>cycle peak.

be wealthy.

Yes, i will def. be wealthy. All my altcoins are exploding and now the oldest bank of the US is getting into Crypto. And Mastercard!

I cant take all this winning :) :)

https://www.wsj.com/articles/bitcoin-to-come-to-america-s-oldest-bank-bny-mellon-11613044810

The bitcoin price now at 48k

G36 says

Yes, i will def. be wealthy.

You're not. You invested what, $20k (USD) if your screen shot is to be believed? You could multiply is by 100 and you still wouldn't be considered wealthy in my view. I'm currently just short of that in my retirement accounts.

As usual, you don't answer questions. How old are you?

WookieMan says

G36 says

Yes, i will def. be wealthy.

You could multiply is by 100

yep a 100X is def possible for some of the Altcoins I am holding.

Bitcoin Eyes Record $50K as BNY Mellon Makes Crypto Leap
https://www.investing.com/news/cryptocurrency-news/bitcoin-eyes-record-50k-as-bny-mellon-makes-crypto-leap-2416848
Bitcoin rallied Thursday, riding a wave of red-hot demand as U.S. regional bank giant BNY Mellon (NYSE:BK)'s foray into
cryptocurrency pointed to signs that the era of widespread corporate adoption is near.

All these mega rich institutions and hedge funds making fools out of the Patnet shit mutts...

"All these mega rich institutions and hedge funds making fools out of the "Bitcoin haters"."

yep....daily!

Really, they make fools out of themselves because they literally have zero understanding of the
train coming down the track, that being the 4th industrial revolution.

Cash says

Really, they make fools out of themselves because they literally have zero understanding of the
train coming down the track, that being the 4th industrial revolution.

Holy shit. That's rich. 🤦‍♂️

Enjoy the pump while you can. We do understand it. We just don't want to hold the bag for 3 years like last time. You'll hold it for 4-5 this time.

You're either too young or don't remember 2017 to 2018 with crypto. I'm guessing too young? Look at the chart. It will repeat.

Cash says

Really, they make fools out of themselves because they literally have zero understanding of the
train coming down the track, that being the 4th industrial revolution.

yep. clueless and in disbelief. Which actually means we are still early in this bull run. "Disbelief stage" Once Wookie starts buying Bitcoin I will sell, sell, sell. :)

G36 says

Once Wookie starts buying Bitcoin I will sell, sell, sell. :)

lmfao ;) I am actually in disbelief of how clueless so many are and how they stand on their goofy opinions w/o any real DD and to top it off they say they are doing a
PSA to "save us" from making piles and piles of money and they will still be doing the same at 6 digits lol .

G36 says

Once Wookie starts buying Bitcoin I will sell, sell, sell. :)

So you'll never sell? What's the point then? I ain't buying, never will. Don't need to and there will never be a reason to. I don't lose money, duh.

Cash says

"save us" from making piles and piles of money and they will still be doing the same at 6 digits lol .

You won't. My funny money account has 6 figures. Low 6 figures. I think about $123k right now. As I make gains I roll it over into a roth, I need to bridge the gap when I retire at 48-50 before I can touch my other accounts. I have 7 figures in retirement accounts. Crossed that threshold about 2 years ago. At 35ish. I plan to bounce around in the Caribbean when it's not hurricane season and then come back to the states July to October. Sounds pretty good to me. Better than high taxes, no water and a place constantly on fire with shit air quality.

If you don't have coins from 2016 or prior, the ship has sailed on life changing gains. It's over. There are plenty of 3-5 baggers in the stock market every year. That's what crypto is now unless you got in on the ground floor of the scheme.

You guys really need to know some truly rich people. You're going about it all wrong. I know a lot of people are scared to start a business, but I've outperformed crypto by a long shot based on initial investment. Destroyed it really. You've got to surround yourself with good people, otherwise you chase scams. That's too bad.

Oh G, I've been up for 2 hours and got some work done. Haven't seen my weather report. What's up with that? TGIF. I'll probably call it a day before you get up for work with the time change. Enjoy working all day. I got my 2 hours in.

Cash says

G36 says

Once Wookie starts buying Bitcoin I will sell, sell, sell. :)

lmfao ;) I am actually in disbelief of how clueless so many are and how they stand on their goofy opinions w/o any real DD and to top it off they say they are doing a
PSA to "save us" from making piles and piles of money and they will still be doing the same at 6 digits lol .

hehe, yep. My Altcoins are going nuts....every morning they are up :) Crazy good times!

Here Shit Mutt, Shit Mutt, a little doggy treat for you a brand New ATH for you to troll and spam on...
$58800/16%+/- is looking tasty ;)

Cash says

Here Shit Mutt, Shit Mutt, a little doggy treat for you a brand New ATH for you to troll and spam on...
$58800/16%+/- is looking tasty ;)

love it :)

WookieMan says

Cash says

Really, they make fools out of themselves because they literally have zero understanding of the
train coming down the track, that being the 4th industrial revolution.

Holy shit. That's rich. 🤦‍♂️

Enjoy the pump while you can. We do understand it. We just don't want to hold the bag for 3 years like last time. You'll hold it for 4-5 this time.

You're either too young or don't remember 2017 to 2018 with crypto. I'm guessing too young? Look at the chart. It will repeat.

Lately there is a massive demand for crypto developers, I heard simple sign on bonus is in millions, apart from massive options. Sounds like we are back to 2000s in some form.

https://twitter.com/woonomic
In terms of adoption, Bitcoin has roughly the same users as the Internet had in 1997.
But Bitcoin's growing faster. Next 4 years on current path will bring Bitcoin users to 1b people,
that's the equivalent of 2005 for the Internet.

impressive and very interesting!

Cash says

Bitcoin has roughly the same users

At least some honesty finally with the word user. At least you know it's a game. I hear Fortnite has a lot of users too. Best way to get ahead in that game... buy fake money is what I've heard from my son with real USD. V bucks or something like that? Kind of sounds the same as BTC. Other players have way more money than you and can dominate. Except the game will eventually become irrelevant and a newer and better game comes out once the big dogs are done. Don't be the last player.

I love the scale of the above graph too, good stuff, lol. And a twitter link as the source for the graph, yet no source data for the graph even clicking through. Not going to pay a guy on a site with a cartoon avatar to get BS information on how to get more v bucks.... errrrr, I meant BTC.

Have a fit though and post personal comments. I'm talking BTC like you ask. Don't be upset with the truth about your user situation.

WookieMan says

Cash says

Bitcoin

good stuff

Yep! Here are 5 reasons why the world needs Bitcoin ETF's

https://www.bloomberg.com/opinion/articles/2021-01-22/five-reasons-why-the-sec-should-approve-bitcoin-etfs

The evidence shows that investors would prefer to invest in cryptocurrencies through an exchange-traded fund.

Bitcoin Payments for Private Flights Soar, 20% of Privatefly's Revenue Stems from Crypto
https://news.bitcoin.com/bitcoin-payments-for-private-flights-soar-20-of-privateflys-revenue-stems-from-crypto/
On-Demand Private Flights and Crypto

Cash says

Bitcoin Payments for Private Flights Soar, 20% of Privatefly's Revenue Stems from Crypto
https://news.bitcoin.com/bitcoin-payments-for-private-flights-soar-20-of-privateflys-revenue-stems-from-crypto/
On-Demand Private Flights and Crypto

Wow!

Blockchain and AI can work together to enhance business DX
https://techwireasia.com/2021/02/blockchain-and-ai-can-work-together-to-enhance-business-dx/
Not usually linked to one another, blockchain tech could actually make artificial intelligence
(AI) systems not only safer, but also much, much better.

Cash says

Bitcoin Payments for Private Flights Soar, 20% of Privatefly's Revenue Stems from Crypto

Well what percent is it? What does this even mean? It's the value of the USD $$$$ in terms of overall revenue. Which it ultimately was converted back to USD immediately upon receipt. Glad they left that part out.

Out of the 13% in BTC payments, cryptocurrency settlement, in general, makes up 19% of Privatefly’s revenue.

This gem.....

“The flight was the biggest Bitcoin payment transaction I have made,” Janssens said at the time. “But it was very easy and efficient, particularly as I wanted to fly at very short notice. It was the perfect way to pay.”

Credit cards work perfectly fine. Especially if you're wealthy. And they give other benefits and kickbacks. I could charter a $20k flight to San Diego this morning and pay for it with a CC. Minor amount, but I'd get $200 back. Sure the fees the charter company pays would be high but it's built into the price. On the flip side the value of BTC could drop 10-20% from the agreed upon amount by the time they convert it from the game that it is.

I research charter flights as well. Never even heard of this company. Extensive research. I've planned group trips where it would be economical to do so. This is a complete puff piece and continued spam. A forum is for conversation. Sure that could include links. Dumping links with no thoughts is spam. Look, you got me talking BTC.

Correct @WookieMan, Bitcoin hit 50K

"I expect Bitcoin to be at 1,200". Your prediction of BTC hitting 1.2K was off. As identified, the worst prediction in the history of Patnet.

Below are some news articles discussing the historic milestone of Bitcoin hitting 50k. Congrats to all BTC holders!

https://www.cnbc.com/2021/02/16/bitcoin-btc-price-hits-50000-for-the-first-time.html

Bitcoin surpasses $50,000 for first time as major companies jump into crypto

https://www.cnn.com/2021/02/16/investing/bitcoin-50000-price-record/index.html

Bitcoin soars past $50,000 for the first time

Coinbase OTC Brokered Tesla’s Influential Bitcoin Purchase
https://www.financemagnates.com/cryptocurrency/exchange/coinbase-otc-brokered-teslas-influential-bitcoin-purchase/
Tesla’s $1.5 billion bitcoin purchase was made in first week of February, and was executed over several days.

Cash says

Coinbase OTC Brokered Tesla’s Influential Bitcoin Purchase
https://www.financemagnates.com/cryptocurrency/exchange/coinbase-otc-brokered-teslas-influential-bitcoin-purchase/
Tesla’s $1.5 billion bitcoin purchase was made in first week of February, and was executed over several days.

Tesla has huuuge book value gains on this already.....

Smart money buys Bitcoin in the disbelief phase (now), dumb money (@Wookieman) buys the top=indicator to sell for smart money.

Cash says

Coinbase OTC Brokered Tesla’s Influential Bitcoin Purchase
https://www.financemagnates.com/cryptocurrency/exchange/coinbase-otc-brokered-teslas-influential-bitcoin-purchase/
Tesla’s $1.5 billion bitcoin purchase was made in first week of February, and was executed over several days.

At what point is not considered spam? I won't flag it because I'd be deemed hypocritical. But what is this?

Debut Canadian Bitcoin ETF nears $100 million in volume in first few hours of trading
https://cointelegraph.com/news/debut-canadian-bitcoin-etf-nears-100-million-in-volume-in-first-few-hours-of-trading
The first Bitcoin ETF in North America, TSX’s Purpose Bitcoin ETF. had a gangbusters debut today trading nearly $100 million in volume.

Update:
Bitcoin ETF roars in debut with US$145M of trading volume
https://www.bnnbloomberg.ca/bitcoin-etf-roars-in-debut-with-us-145m-of-trading-volume-1.1565281