patrick.net

WookieMan says

I'll never get these crypto people.

I understand the appeal of having some form of money that cannot be inflated by the Fed or seized if someone sues you.

But also, it gives ordinary people who have no power a kind of hope of escaping a system which otherwise has them thoroughly trapped. It has aspects of religion in that way. A kind of hope for salvation.

Patrick says

I understand the appeal of having some form of money that cannot be inflated by the Fed or seized if someone sues you.

and the fact that I am up by over 70% now since beginning of November. Pretty sweet. Planning on holding Bitcoin until end of next year.

WookieMan says

WineHorror1 says

WookieMan says

A 2 month gain of $20-30k is what I actually make in a month. And no, that's not rich.

I'm pretty sure that puts you in the 1%.

Not really. $250-320k is pretty normal upper middle class. The 1% is a very statistically bad metric to compare anything to. There are people that are insanely wealthy that probably draw $50k of income a year, sometimes nothing if they've amassed huge wealth. My old boss could spend like a mother fucker, but only would show income of $80k between his wife and him. Between savings and using business as a spending vehicle, you can show very little income. It's why Trump never wanted to show his taxes. The regular W-2 employee doesn't understand it.

I figured the demographic here that's doing the programming/coding/tech stuff is pulling in $...

Can you show me "plenty" of investments that have done better than bitcoin over the last 3 years?

GlocknLoad says

Can you show me "plenty" of investments that have done better than bitcoin over the last 3 years?

Lottery, crap tables, slot machines, etc.

GlocknLoad says

Can you show me "plenty" of investments that have done better than bitcoin over the last 3 years?

Lottery, crap tables, slot machines, etc.

GlocknLoad,
obviously they cant show you even one asset that performed better than Bitcoin. Speaking of great performance....its Dec 27th and Bitcoin broke through 27k!!!





Currently I am up over 80% in less than 2 months!!

WookieMan says

Not really. $250-320k is pretty normal upper middle class.

If I understand correctly, you said that number was just from your investments. If you are making 20-30k off your investments, that puts you firmly in the 1%.

wookie is full of BS. I lost the last little respect for him. There are tons of hilarious comments/contradictions.... I dont take anything he says seriously anymore.

GlocknLoad says

WookieMan says

Not really. $250-320k is pretty normal upper middle class.

If I understand correctly, you said that number was just from your investments. If you are making 20-30k off your investments, that puts you firmly in the 1%.

I guess we're not on the same page as to what the "1%" is. What do you think it is?

G36 says

I play with bigger numbers. You cannot prove that wrong. LUV is probably a safe bet. You cannot prove that wrong because you got your head up cryptos ass. I grabbed 100 shares when Covid hit as it was an uncertain time and didn't want to add more to my position. Why didn't you buy BTC in March? It was $5k. Your 2 month gains look pretty tame.

You don't know what else I hold with LUV. That was just one purchase. I bought early on NCL, you've never asked how much that was. I'm still up though. You keep pointing these things out like you're right. You haven't pointed out one thing wrong with what I've said besides pointing arrows at things. It's cute you take the time to do that, but cannot post anything intelligent about it.

G36 says

I lost the last little respect for him.

Fun fact. No one seeks out respect from people they don't respect from the start. Especially when they change accounts and usernames. Cowards game.

Sry DF, the only engagement from my end is to continue to make fun of you.

"The bottom will fall out"
"It will make its way to $8k at some point, but I was wrong with year end"
"I like to play the bigger numbers" "I bought 100 shares of LUV"
"I dont trade. Its a losers game"
"I'd actually consider trading BTC"
"Fuck no on holding though"
"I dont care about the price of BTC"
"8k by year end"
"its going to land in the 1000-2500 range"
"no x axis"......DF is too dumb to open up the source thats listed on the chart. I guess he really is too fuckin dumb to get that the x axis is the timeline.
"Wait, wait, wait. I thought it was 9,000,000%. Is it 17,918.98% or 9,000,000%?"
"Basic index funds have outperformed BTC"
>>>>REALLY? missed the fact that its up by 9,000,000%? Not a surprise, DF.
"an unregulated market"
"roulette"
"Nuclear EMP goes off"
"Would have sold everything at 18k"
"I am good with 9%"
"Bitcoin is not backed by anything"
"artificial scarcity"
"I only care about 6 figure gains"
"wake up at 6am and your money is all gone"
>>>>REALLY? missed the fact that its up by 9,000,000%? Not a surprise, DF.

https://companiesmarketcap.com/assets-by-market-cap/



By year end we should have passed Berkshire Hathaway!

This has to be shared and watched! Bitcoin is brilliant!

www.youtube.com/embed/HhOuvNDMlI0

"Bitcoin is big enough to be unstoppable but the majority of people dont understand it. We are at the inflection point where people start to get it. Once people get Bitcoin, it becomes unaffordable to buy. Therefore, I like the fact that people dont agree with me, dont understand it and are afraid of it."

Michael Saylor

G36 says

This has to be shared and watched! Bitcoin is brilliant!

www.youtube.com/embed/HhOuvNDMlI0

@Onvacation

this would be a great learning experience for you. I highly recommend the video.

Wow, almost at 28k!!!!!

New all time high at 28k!! I am up 90% on my investment in less than 2 month!!

https://www.kitco.com/news/2020-12-29/Watch-out-for-this-risk-as-bitcoin-looks-toward-50-000-and-higher-in-2021-analysts.html

Price predictions range from 500k to 1M within the next five years.


"Guggenheim Investments investment director Scott Minerd sees bitcoin as undervalued even at $26,000. Guggenheim's projection sees bitcoin eventually hitting $400,000.

Real Vision CEO Raoul Pal is calling for $300,000 bitcoin in just 18 months. "I use a number of measures. I use technical analysis, logarithmic charts, I use the stock-to-flow ratio … We're going to be somewhere between $500,000 and $1 million within five years, and we should be somewhere between $100,000 to $300,000 in the next 12 to 18 months," he told Kitco News in December.

Gemini crypto exchange founder Tyler Winklevoss told CNBC that he sees bitcoin rising above $500,000. Citibank is not ruling out $318,000 by the end of 2021."

personal

Look at this beautiful number for Bitcoin! We might run up to 29k soon!!!!!!!!!!!!!!!!!!

31500? especially with the USD being so weak and finally broke down past support level and likely heading lower https://invst.ly/tarpz
If USD cant find it's mojo I would suspect a nice 2k rally over the weekend if not sooner;)

Cash says

31500? especially with the USD being so weak and finally broke down past support level and likely heading lower https://invst.ly/tarpz
If USD cant find it's mojo I would suspect a nice 2k rally over the weekend if not sooner;)

Love it!

soooo close! we almost got you Warren

LOL Bitcoins market cap is now bigger than Berkshire Hathaway!

clear breakout....retail has entered the stage once again! 2021 will be moon time!

$34,000

Its very healthy for Bitcoin that it didnt keep on going up in a straight line. It needs to build support levels and go through accumulation phases.
What one need to keep in mind is, institutions cant just buy Bitcoin at a blink of an eye. A lot of boxes have to be checked and a process has to be completed for institutions to put 100s of millions of USD in Bitcoin on their balance sheet. Its unlikely they have any interest in selling their Bitcoin.

Rather, they hold for the long term. Smart.

Maybe that's why we call them smart money.

I do the same BTW.

G36 says

Rather, they hold for the long term. Smart.

Tell me what calculation you use to arrive at fair value for Bitcoin.

Patrick says

G36 says

Rather, they hold for the long term. Smart.

Tell me what calculation you use to arrive at fair value for Bitcoin.

https://www.lookintobitcoin.com/charts/stock-to-flow-model/

So far (10 years), Bitcoin has followed the stock-to-flow model like clockwork.

Wow, smart guy!

"US Lawmaker Likes Bitcoin — Urges Policymakers to Embrace Innovation in Regulation"

https://news.bitcoin.com/us-lawmaker-likes-bitcoin-policymakers-innovation-regulation/

U.S. Representative Patrick McHenry is pro-bitcoin. He is now hosting the Bitcoin whitepaper on his official congressional website and has called on other lawmakers to embrace innovation like Bitcoin. He believes that the cryptocurrency is unstoppable and governments cannot kill it.

A growing number of U.S. lawmakers have recently spoken in support of Bitcoin. Among them is Congressman Patrick McHenry from the state of North Carolina. On Friday, he talked on CNBC’s Squawk Box about how to approach regulation after last week’s market swings. “You can’t put technology back in the box. Innovation is here. We have to embrace. We have to broaden access to our markets, we have to broaden access to our financial products,” he said.

44K Bitcoin = NEW all time high :)

G36 says

44K Bitcoin = NEW all time high :)

Smoken good deal!!! Especially in the face of the shit mutts... lmao

i just bought recently (November) for ~15k : ) :)

BTC portfolio went from 28k to over 80k in just a few months :) And now Tesla is buying Bitcoin.....FUCK YA!

Cash says

G36 says

44K Bitcoin = NEW all time high :)

shit mutts... lmao

I love this. "Shit mutts"
fucking funny :D

Notice ADA ;) #4 by cap I also double dipped some Doge coin on Binance they shut me down so I had to
put it in cold storage BC vault where I could exchange 1/2 or so for some ETH I still hold 40k and will send some more to ETH and keep some house coins...

DOGE Just hit 10 place lmao with a 10bill+. mc

G36 says

i just bought recently (November) for ~15k

What day in November?

The top dog shitty mutt keeps puking his BS opinions then crypto makes him and the other shit mutts
eat their own and each others shit. ;)

G36 says

BTC portfolio went from 28k to over 80k in just a few months

The funny part is paper gains of $72k in the midst of a bubble over 3 months is a big deal for you. You do know people do that all the time, right? And they actually realize the gain.

Get me the date you bought BTC. 11/1/2020 till today it was $118k profit for me. Gotta love accounting software. This stuff is just 2 clicks away. Mind you we get paid seasonally, so July through January roughly we do better. Congrats though on the $72k on paper. I prefer actual cash.

WookieMan says

G36 says

BTC portfolio went from 28k to over 80k in just a few months

$72k

great math sissy!

BTC gains are incredible.... In just a few months!

your portfolio of 100 shares (LUV) cant do that :) I figured, this must be a really, really bad day for your BSDS......Tesla buying $1.5B Bitcoin probably made you take the double dose on your pills.

https://www.bloomberg.com/news/articles/2021-02-08/tesla-bets-1-5-billion-on-bitcoin-in-new-policy-crypto-surges

G36 says

great math sissy!

You didn't get the joke 😂😂😂😂😂😂. Figured. Keep up. I'm not going to give away.