patrick.net

remember when the Bitcoin haters (liars) tell you how Bitcoin is bad for the environment?
remember when the Bitcoin haters (liars) tell you that only China mines Bitcoin and none of the mining is carbon-neutral?

https://www.cnbc.com/2021/07/21/cryptomining-operator-core-scientific-going-public-via-spac.html?utm_content=Crypto&utm_medium=patrick.net&utm_source=patrick.net&fbclid=IwAR3YeCQyw3suMGLsrMe0X3MMrJscbzP7sjhm5QWsqIeanC5gJXEsTdOS0YQ&utm_campaign=patrick.net#Echobox=1626873932-1

"Critics say cryptocurrency has a negative impact on the environment because of its massive use of energy. It is a concern that Core has prioritized since its launch. The company runs a 100% net carbon-neutral business, with 56% of its electricity coming from sustainable sources, including solar, wind, hydro and nuclear. The company buys carbon credits to offset the rest."

"Core Scientific, a major U.S. bitcoin mining company, is going public via SPAC"

Bitcoin says

For the millionth time....nobody wants Bitcoin to replace the dollar. Its another investment class.....digital gold.....it solved the double spend problem.....

Haha, you know best. Whatever.

What happened to our Bitcoin haters??

They were soooo excited when Bitcoin briefly went under 30k......soooo excited......just to be slapped once again.

Dude our country is falling to communism. Last thing I care about is Bitcoin gambling.

Fortwaynemobile says

Last thing I care about is Bitcoin

no way! and so the Bitcoin-hate-cycle continues:


Bitcoin goes up > BTC haters: "We dont care" "We never cared" "Nobody cares"

Bitcoin goes down > BTC haters: Cheer, Rejoice. "We told you so" "Greater fool" "Poison" "Tulip" "Sell, sell, sell"

Bitcoin recovers and goes up > BTC haters: "We dont care" "We never cared" "Nobody cares"

Bitcoin says

Fortwaynemobile says

Last thing I care about is Bitcoin

no way! and so the Bitcoin-hate-cycle continues:


Bitcoin goes up > BTC haters: "We dont care" "We never cared" "Nobody cares"

Bitcoin goes down > BTC haters: Cheer, Rejoice. "We told you so" "Greater fool" "Poison" "Tulip" "Sell, sell, sell"

Bitcoin recovers and goes up > BTC haters: "We dont care" "We never cared" "Nobody cares"

Wait, that shit is up again?

I bet the guys who bought Bitcoin at $60,000+ are biting their nails.

I feel a bit like they do with my WFC shares. When it’s $54/share, “domp eet”

ChauvinsKnee says

Wait, that shit is up again?

yep, its up since ten years :) sry you missed the boat :) :)

clambo says

I bet the guys who bought Bitcoin at $60,000+ are biting their nails.

what you said when the last peak was at 20k :) :)

and how come you never mention investors who bought at 1k, 2k, 3k, 4k, or like me at 15k :) :)

clambo says

You only have a 130% gain? That’s not so great considering the risk and volatility.

The stock market has risen 105% in the last 5 years (Wilshire 5000) with much less risk.

typical for the BTC haters. Just mix timeframes together in a way that supports your narrative but avoid a performance comparison with the same parameters (timeframe).

130% since November 2020. I bought BTC at 15K last November....yes, 130% is pretty fuckin awesome. And you are telling me you compare that to !!5 years!! in the stock market??

BTW., I am heavily invested in the stock market as posted on this blog multiple times.

I wouldnt try to challenge me on performance.....You wont even come close to this one:
My average cost on Cardano (ADA coin) is $0.1 and its currently trading at $1.3. And I have over 102,900 ADA coins :)

Some people should just think twice before posting BS or just remain quiet.

I’m not impressed by the rapid gains in Bitcoin, because I didn’t take that huge risk and my AAPL and ROKU have outstanding capital gains and dividends (in the case of AAPL).

I generally own mutual funds, Apple and Roku were rolls of the dice.

As I mentioned, a bunch of Bitcoin owners bought in at $60,000+ and they are sucking a hind tit and biting their nails.

What if I suddenly had liked Bitcoin and sold some things to buy it at $60,000? I would be hating life.

Other guys are hating it too, but they hide their shame and don’t post anything anywhere.

clambo says

I’m not impressed by the rapid gains in Bitcoin

Not sticking to your story now.

First 130% since November 2020 until now wasnt good enough because the stock market made 105% over 5 years.

Now you say Bitcoins gains are rapid but you are not impressed. lol.

And then you come again with APPL which I own too and again you mention people who bought at the very peak of 60k for BTC and conveniently dont mention anyone that bought Bitcoin at 1k, 2k, 3k, 4k, 15k etc.

Typical BTC hater. You just cant handle the fact that Bitcoin has been around for ten years, never been hacked and had the best performance over the last 10 years (compared to any other asset class).

Speaking of BTC and crypto in general I would not be chasing the dream here in either BTC or ETH I'm just not feeling it. ;)
Trading them maybe ok but I wouldn't be doing it with the run to BTC 80-100k just yet. For instance I am seeing the FOMO for ETH
to take it to 3350-3600 and BTC 47k will be a tough neighborhood and >50k is a dream or a FOMO night mare for any chasing price
there if it happens to even get close so I see some short term profit but no breaking out to new ATH on either ATM IMO.
On the other hand stacking a few discounted alts might be the real ticket XDC is 1 I am looking at as a nice "spec trade" as well as
a few others. XDC use case white paper https://www.xinfin.io/#white-paper

In support of my last comment the DX retesting above that long term trend line in a pattern that could be termed a possible Cup & Handle or
the big "W" pattern could indicate some decent temporary USD strength "deflation". https://invst.ly/voc47
In unison it looks to me USD has high probability to break out as crypto, equities and metals dump and metals imo take the biggest hit
oil could be the largest benefactor during the process any retest lower is likelty to be bought up. Good times

Has anybody seen or heard from the Bitcoin haters? Its been awfully quiet.....Bitcoin must be up??



Sry haters....Bitcoin has its way to slap you left and right.....like clockwork.....Bitcoin correcting>>>the haters put their cheerleader gear on, Bitcoin goes up>>>silence

And when asked....the haters say>>>we dont care! We never cared!

Until Bitcoin corrects and the haters care all of a sudden. LOL

In truth and IMHO I would be sitting on the sidelines if I had cash to enter this market when it comes to BTC.

I absolutely stand on my last 2 comments in this posting and even more so now in that DXY has crazy high odds of blasting off.
For 1 reason the equities are getting a bit frothy indicating some risk-off taking place, not only can you see it in the USD strength you can also
see it in the CHF and JPY all 3 designated as safe $$$ risk-off plays making real the possibility of SP500 for instance tasting the 4k+/-
area at min. The other is the infrastructure bills which are stuck in the mud as these guys try and leverage their pet rocks and on top of this all
the Fed R is going to continue 120bill monthly bond and MBS buying. Regardless of all the continual USD crash talk that is very unlikely at least
in the intermediate time frame in this current environment "cash is king". Take your pick C&H or gigantic W both pointing UP!!! and that is a
very negative correlation to Equities and the Crypto markets...

Lets not forget the ascending triangle ;)

Is there a timeframe for SOON?

I dont know how soon for Tesla but United States’ second largest mortgage company, United Wholesale Mortgage will start accepting payments in Bitcoin and other cryptocurrencies such as Ethereum from the third quarter of this year 2021.
https://cryptotvplus.com/2021/08/second-largest-mortgage-company-in-the-us-to-accept-payments-in-bitcoin/

Time to flip BTC for ETH, not the time to FOMO and buy BTC. I only have dust left of BTC and hold a small amt of ETH
short term to trade for tokens such as XDC and ONE.

clambo says

As I mentioned, a bunch of Bitcoin owners bought in at $60,000+ and they are sucking a hind tit and biting their nails.

What if I suddenly had liked Bitcoin and sold some things to buy it at $60,000? I would be hating life.

WHY?? @clambo
Arent those Hodl'ers in profit???