patrick.net

Bitcoin at new all time high! Happy Friday to all BTC holders.....approaching 54k !!

Bitcoin at 56k! niiiice

https://www.marketwatch.com/story/bitcoin-may-replace-bonds-cathie-wood-says-11614276934

"Bitcoin may replace bonds, Cathie Wood says

‘Fixed income has done 40 years of really hard work…If Bitcoin represents a new asset class, why not invest in it?’"

Smart woman!

I'm thinking that at some point shorting lumber futures might be the next biggest thing.

making lots of money with crypto is easy.....buy and HODL. I tried and did it. sold some Cardano and BinanceCoin at 10-11x or was it 12x? Anything about 3x within a few months is insane :)

If you are not experienced, stay away from trading. HODL and dont panic sell. Not much more to it. Expect volatility but during a bull market you make money HODL'ing.

Rule #1 dont panic sell when it goes down
Rule #2 dollar cost average in and out
Rule #3 do #1 and #2

G36 says

Expect volatility but during a bull market you make money HODL'ing.

Lol. You make no money. Stop spamming.

WookieMan says

G36 says

Expect volatility but during a bull market you make money HODL'ing.

Lol. You make no money. Stop spamming.

G36 says

WookieMan says

G36 says

Expect volatility but during a bull market you make money HODL'ing.

You make a lot of money.

And you can too....just buy Satoshis!

@Patrick I know this came up recently, but quote editing should be locked out or the person that does so should be banned. What I quoted above is pure shit. I don't know if it's something you can code to prevent editing of quotes. It's a sickness...

daddy, daddy, help! @Wookieman

G36 says

daddy, daddy, help! @Wookieman

Deliberately misquoting a person is pretty damn low and should most definitely be stopped if possible.

@Patrick, I agree with Wookie.

@patrick Spamming inboxes with @username isn't cool either.

I don't want to stop all @username messages just ones from immature users that won't engage in serious debate.

Maybe a special junior account without spam privilege?

@onvacation @Wookieman @WineHorror1
The trolling by the Bitcoin haters is pretty low. I dont want to ignore them but I do treat them as they should be treated.

@Onvacation, you can just turn of notification and you wont get an email. Maybe spam/troll less?

G36 says

@onvacation @Wookieman @WineHorror1
The trolling by the Bitcoin haters is pretty low. I dont want to ignore them but I do treat them as they should be treated.

@Onvacation, you can just turn of notification and you wont get an email. Maybe spam/troll less?

Misquoting someone is lying. Are you a liar? Also, I don't want to speak for Wookie but I believe all he's doing to taking the other side of the coin you are taking is all. You are goading everyone to buy bitcoin. Are you a salesman for bitcoin? If so, you have no responsibility to the investor, do you? Wookie is saying what he believes bitcoin is. I tend to agree with Wookie but, yes, it does look as though bitcoin is on fire. I remember when it was on fire all the way to 20K and then it was REALLY on fire and everyone was trying to get off all the way down to 4k. No, I do not know where it is ultimately going to go and neither do you.

Onvacation says

I don't want to stop all @username messages just ones from immature users that won't engage in serious debate.

@Onvacation

You're right, there should be a way to not hear from specific users.

I think if you ignore a user, you won't get any @ emails from them.

It make a user-specific no-email list would be harder, but I can do it.

WookieMan says

Patrick I know this came up recently, but quote editing should be locked out or the person that does so should be banned. What I quoted above is pure shit. I don't know if it's something you can code to prevent editing of quotes.

You're right, there is a policy against that and he did it again.

So G36 is now at least temporarily downgraded to having all his comments go through moderation.

Patrick says

You're right, there should be a way to not hear from specific users.

I think if you ignore a user, you won't get any @ emails from them.

It make a user-specific no-email list would be harder, but I can do it.

I think this should be a civil place to discuss issues.

Misquoting, spamming with clickbait and no relevant quote, getting personal about life choices, using @username after asking not to, and other things are uncivil.

Moderating uncivil people is easier than trying to code away incivility.

G36 says

The trolling by the Bitcoin haters is pretty low.

Dude, we asked questions and you don't answer. That's not trolling. You took it there with selective and edited quotes of others. You took it there under another username in the past. I don't want to spam the forum with back and forth BS because you can't answer simple questions that we all know you know the answer to. Just answer for yourself as a man.

I've been wrong plenty of times on this site. I'll admit it. Should you have sold at $18k USD for BTC, no. It still doesn't negate that BTC and crypto is a con. It's a scam. I've said dozens, maybe hundreds of times now trade it and know your risk. It's not an asset. It's not a currency. It's a video game that will go out of popularity.

Posting a link with the first line of the article and no thought is spam. Plain and simple. Not responding to legit questions and making personal comments is trolling. You know what you're doing, I'll give you that.

Bitcoin holds up nicely. We might see an inverse head and shoulder. Our Bitcoin haters will be disappointed again soon.

G36 says

Bitcoin holds up nicely. We might see an inverse head and shoulder.

Explain why.

lol, take a TA class? look at a chart? or just troll :)

G36 says

lol, take a TA class? look at a chart? or just troll :)

I asked you to explain. Why does BTC hold up nicely?

Also, because you've manipulated quotes many times, Patrick decided you need to be moderated with each post. Don't manipulate and maybe it will go back to normal. Just follow the rules. Not a difficult concept. Don't worry though, just approved your personal comments anyway.

And it's me marking things as personal.

Patrick says

And it's me marking things as personal.

Ah. I can take it, but up to you. I literally am asking to be sold on crypto and it hasn't happened. I'll try to calm down and chill on these. I just know it's a scam and it's frustrating. No answers to something that is so great.

WookieMan says

I just know it's a scam and it's frustrating

bawahahahaha, your frustration is that you cant mute Bitcoin investors.

G36 says

bawahahahaha, your frustration is that you cant mute Bitcoin investors.

Never have tried to mute BTC traders. Just ask questions which none of you have ever answered. Digital gold is not an answer. Gold is a physical asset that can be used to make things and I'm not a gold/metal bug. What is valuable about BTC besides trading it in USD?

now that Suze Orman and Kevin O'Leary jump on the Bitcoin rocket ship there is no turning back. To the moon we go ;)

https://www.cnbc.com/2021/03/05/suze-orman-i-love-bitcoin-btc-as-a-replacement-for-gold.html?utm_content=Crypto&utm_medium=Social&utm_source=Facebook&fbclid=IwAR2DAMuZlcTz7vuSF6rBdTRp3YHqPaP31Lebp7J7I9OWI2qWzAVJP4OKTX0#Echobox=1614960439

https://markets.businessinsider.com/currencies/news/kevin-oleary-bitcoin-btc-praising-crypto-etfs-2021-3-1030146482

What's very interesting is that the retail masses are not here yet. The run up is mainly driven by smart money / Institutional investors.
That's an indication we are still very early in the cycle! Great buying opportunity!

Prakash expects Bitcoin to be a 10Trillion USD market. Basically eating golds lunch. I think its worth a read and he got good points.

https://www.businesswire.com/news/home/20210310006068/en/FD7-Ventures%E2%80%99-Managing-Director-Prakash-Chand-Predicts-Bitcoin-Market-Cap-of-10-Trillion-with-ADA-DOT-and-ETH-Not-Far-Behind

It all starts with Bitcoin, a (₿TC) ‘cryptocurrency' based on blockchain distributed ledger technology (DLT).

The first-ever decentralized payment network meshing all noble elements of an open-source electronic cash.



Beautiful! Thank you Satoshi Nakamoto!

I didnt realize $5B was invested by Microstrategies into Bitcoin! 5Billion!!

https://finance.yahoo.com/news/bitcoin-hoard-fuels-one-world-191517148.html

Bitcoin Hoard Fuels One of World’s Biggest Crypto Fortunes

(Bloomberg) -- It’s the latest corporate strategy for companies from Tesla Inc. to Square Inc.: shift a portion of cash reserves into cryptocurrencies as digital assets become more mainstream.

Still, few have gone as far as MicroStrategy Inc. Eight months after its first investment, the software firm has a Bitcoin holding worth more than $5 billion.

Shares of MicroStrategy have rocketed almost 600% since mid-July

Bitcoin prices

December close: 28,992
January close: 33,141
February close: 45,240
Mid-March: 55,000

Holy cow...and we are just 3-4 month into this bull cycle! Congrats to all Bitcoin holders!!

Bitcoin says

Congrats to all Bitcoin holders!!

They all blocked you. But continue with the solo circle jerk while you can... lol.

I knew you would not like the excellent performance of Bitcoin. As a Bitcoin hater you hope/predict Bitcoin will go to 1.2k.

But here is the reality for you:

December close: 28,992
January close: 33,141
February close: 45,240
Mid-March: 55,000

Sry :)

Wookie, my take on it is, gold is very useless with respect to industrial applications. At most, it's used in minute quantities for electronics. It's divisibility and nonreactiveness (uselessness) gives it it's optimal function for use as money. Bitcoin essentially emulates that through it's divisional properties. However, you have the added benefit of being able to electronically transfer it. Whether that sold you or not, that's my take.

theoakman says

Wookie, my take on it is, gold is very useless with respect to industrial applications. At most, it's used in minute quantities for electronics. It's divisibility and nonreactiveness (uselessness) gives it it's optimal function for use as money. Bitcoin essentially emulates that through it's divisional properties. However, you have the added benefit of being able to electronically transfer it. Whether that sold you or not, that's my take.

very nice comments!
BTW., the guy predicted Bitcoin will go to 1.2k which was the worst prediction in the history of Patnet I believe. I think there is a credibility issue.

personal

WookieMan says

awaiting moderation

@Patrick
WookieMan is accusing me but provides no backup/support/proof for this claim. I am flagging his post because these are accusations without proof and have nothing to do with the topic (Tesla/Bitcoin). Its very toxic.

Bitcoin says

WookieMan says

awaiting moderation

@Patrick
WookieMan is accusing me but provides no backup/support/proof for this claim. I am flagging his post because these are accusations without proof and have nothing to do with the topic (Tesla/Bitcoin). Its very toxic.

Almost all active users block you. You manipulated quotes. You don't answer questions on crypto when asked about the topic. You then link spam and just straight out spam. That is what is toxic.

Why is BTC valuable?

Let's see what this brings us beside the same copy and pasted response with no original thought.

WookieMan says

awaiting moderation

@Patrick
in response to his second comment, I need to flag again.
Absolutely no proof/backup/support for your claims and then quickly changing the topic. To say that there are only 12 active users on Patnet is yet another thing that is highly doubtful.

@WookieMan
Please remain on topic and when you have such severe accusations you need to provide proof (screenshots/example/links) not just empty words.

OOOOOoooooooOOOoooo. Someone is scared.

Flag it. Go for it. Never mentioned a user FYI. lol.

@WookieMan / @Patrick
very unprofessional and personal comments by WookieMan. None of this has anything to do with the success of Bitcoin and Tesla buying 1.5B USD worth of Bitcoin. Please follow the rules