patrick.net

Are the bitcoin purchasers at $60k whole again yet? When can we tell them that bitcoin only goes up again?

Zak says

Are the bitcoin purchasers at $60k whole again yet? When can we tell them that bitcoin only goes up again?

They are busy dollar-cost-averaging!

DCA down to the last penny!

All economies are doomed if they are not instrumented with a fantasy currency backed by hysteria!

Burn your dollars!

Suck my dick!

Oooh @bitcoin!

These are your buy signals!

(kidding; don't go overboard; buying or responding)

nice buying opportunity. Bitcoin will consolidate for a few month until we see the next leg up.

Just wondering.. is there a shortage of bitcoin? It seems someone is still buying it for $32k a piece. What are they producing with those bitcoins anyway?

Zak says

Just wondering.. It seems someone is still buying it for $32k a piece.

yeah, smart investors usually buy the dip. Has paid off bigly. I am predicting at least 100k per Bitcoin this bull cycle (by 2022).

Ping.. bitcoin still down 50% ? Is that a haircut? As the black knight would say, "tis but a flesh wound" ?

Donald says

This 50 % dip is just a healthy correction before we make new all time highs

Exactly....cant go up in a straight line....need to correct and consolidate. Look at the previous bull runs.....we didnt go from 1000 to 20,000 in a straight line. corrections are needed to build support levels.

The Fed talking about regulating "stable coins" (you know actually having some sort of collateral behind them) has gotten people worried.

Only about $1 trillion in market value has gone to money heaven. There's just not much liquidity on the buy side right now for something that only trades a few billion a day.

Misc says

The Fed talking about regulating "stable coins" (you know actually having some sort of collateral behind them) has gotten people worried.

Only about $1 trillion in market value has gone to money heaven. There's just not much liquidity on the buy side right now for something that only trades a few billion a day.

One guy I know made few million in Bitcoin. Yes pump and dump guy. Some suckers lost few million.

got kinda quiet here.....Crypto must be up?



Ah, I forgot....when Bitcoin is moving up, the haters "dont care"....since...."they never cared"

except....when Bitcoin is correcting.....then the cheerleader gear is put on and the haters celebrate like there is no tomorrow.

I still don't care.
I ran into a female at the gym who told me about her son yelling at her to buy Ethereum.
She even sent me a link to some article about it.
She said she's thinking about buying some.
I told her gambling is fun when you're winning.
The suckers who paid $60,000+ for Bitcoin are as quiet as church mice.
She's sort of pissed off at me now, I guess I disrespected her son somehow.

Jimmy Crack Corn and I don't care!
clambo says

The suckers who paid $60,000+ for Bitcoin are as quiet as church mice.

Fact is: If they havn't sold they haven't lost a cent. correct? Just like the 1s who didn't sell at 20k are more than 100% profit. Correct? Facts is facts brother ;)
More then likely end game her son rolls the dice and it makes him bank...

Bitcoin says

got kinda quiet here.....Crypto must be up?

Personally I wouldn't be putting my tennis shoes and go chasing price here ;) 47k+/- is a rough neighborhood and could be the start of a nice big BTC smack down.

I know if someone rode it down after paying $60,000 for Bitcoin he has not yet realized a loss.
He’s just sitting around biting his fingernails hoping for a miracle, and he is likely not bragging here or anywhere else.
Meanwhile I collect interest, capital gains, dividends and sometimes my shares multiply from a split (e.g. Apple).

just_passing_through says

(kidding; don't go overboard; buying or responding)

Clambo has a very simplistic view of investing. If Bitcoin is not trading at all time highs every single day he will continue to say but but but yesterday some "sucker" bought at the all time high. There just isnt enough processing power in his brain to understand there are people sitting on massive crypto gains because the simply dollar cost avg and held on.

he was saying the same stuff last cycle when the all time high was 20k. he was also never understand that some people invest in stocks and crypto. It doesn't haven't to be an either or.

Bitcoin broke through overhead resistance.....ideally you see a back-test / bounce off the support line and we are off to the races for the next leg up.

So what. He has his investment platform that's worked very well for his age range. You have yours. I'm somewhere in the middle.

Arguing about it all the time just makes me do stupid stuff like accidentally attacking cash.

just_passing_through says

So what

exactly. my words. Nobody is trying to tell anyone to buy crypto or apple....some are crypto cheerleaders and some are haters. posting the same BS is just silly.

"I dont care" whenever Bitcoin is up but I cheer when Bitcoin corrects is just silly.
Same as comparing 105% stock gains over 5 years with 130% gains in Bitcoin since November 2020. Just silly.

My simplicity is working very well.

clambo says

My simplicity is working very well.

well ya, nobody said it wouldn't....I own APPL too....but i diversify and have a significant amount in crypto (and RE).
some people like to take the scenic route and some like 10x gains :)

Knowing what I am doing I guess may be called simple by some.
10x gains sound like my AAPL. When the shares go up another 14 bucks I’ll be an Apple millionaire.
People are actually buying Apple products and services. Apple pays me a dividend higher than my first paychecks.
My funds are up probably 10x or more, but I bought them long ago.
Ethereum, Bitcoin and the rest are either hope, fear, or something else but they are not investments.
I actually enjoyed telling that dried up hag that cypto was bullshit.
She’s still working at 68 for lack of money and prior planning. Her sons don’t have real money.
I don’t listen to people who are still going down to the salt mines for necessity.
My father would not always like my ideas and he said “If you’re so smart why aren’t you rich?”

clambo says

10x gains sound like my AAPL

if your time horizon is a decade....certainly!



you have the right idea though....10x gotta be the goal.....9%-15% annually just doesnt cut it.....look at inflation (5.4% in June)

Just checked my Ethereum performance. 185% within less than 12month. I couldnt agree more with Clambo's dad......dont just tell yourself how great your stocks did over a decade.....there is a reason why smart (and rich) people are diversified and invest in stocks, RE and Crypto (Elon Musk, Cathie Wood, Jack Dorsey, Michael Saylor, Mark Cuban...)

clambo says

My simplicity is working very well.

clambo says

Knowing what I am doing I guess may be called simple by some.

Project Much? lmao
How about live and let live instead of playing the project and cancel culture game?

Cash says

How about live and let live instead of playing the project and cancel culture game?

exactly! Why always having the urge to shit on someone's investments....If you dont like to put some of your money in crypto ....GREAT! stick with APPL.

Unlike Magic Internet Money, Apple Products actually exists.

Buttcoin has already been stolen, hacked, and manipulated. And confiscated by governments.


Real value when the economy collapses. .22LR, AAA Batteries, and YAMS!

"Libertarian" Crypto Activist Aria DiMezzo, and yes, xir identifies as a she.
https://www.theverge.com/22599932/bitcoin-raid-keene-new-hampshire-ian-freeman-libertarian-prosecution

MisdemeanorRebellionNoCoupForYou says

"Libertarian" Crypto Activist Aria DiMezzo, and yes, xir identifies as a she.

They seem to be decent folks, despite bizarre appearance:

Two co-hosts on the radio show were also named: DiMezzo and a man born as Richard Paul, who had legally changed his name to Nobody in protest of the bureaucratic state.

Most recently, it gave center stage to his still-active lawsuit against New Hampshire’s mask mandate. (“I was never really convinced that COVID was a particularly dangerous thing,” Freeman tells me when I ask about the case.)

Freeman was familiar with this kind of civil disobedience, acting out to showcase the brutality of the carceral status quo. Years earlier, Freeman had smoked marijuana on the main street of Keene, daring local cops to arrest him for a crime that usually goes unpunished. (A friend filmed the encounter from across the street.) A longer running gag is Freeman’s refusal to pay municipal fines, litigating every parking ticket or summons until the bureaucracy finds it easier to simply give up. - genuine nonviolent resistance!!!

With so much dirty money trying to get clean, the prosecutions take on a kind of fatalist logic. Any unregulated exchange will eventually be used for money-laundering; any unmonitored flow of coins will eventually be an accomplice to a crime. - were the big banks who laundered narco money in Mexico shut down???

Obviously there are a lot of Crypto haters here that make up stuff. So, lets see what is actually happening.
Some might follow the infrastructure bill.....Bitcoin was part of it.

"It's official: Cryptocurrency is infrastructure"

https://www.cnn.com/2021/08/09/politics/cryptocurrency-infrastructure-deal-lummis-toomey/index.html

"On Monday, Toomey and Lummis announced an amendment to the provision, negotiated with the Treasury Department, focused on regulating digital assets by requiring brokers to report their transactions."

"American investors already are showing increasing interest in cryptocurrencies like Bitcoin. Among adults with $10,000 or more invested in stocks, bonds or mutual funds, either within or outside retirement funds, 6% say they own Bitcoin, according to the same recent Gallup poll. That's up from just 2% who said the same in May 2018. That number climbs even higher, to 13%, for investors under 50 years old."

Bd6r says

With so much dirty money trying to get clean, the prosecutions take on a kind of fatalist logic. Any unregulated exchange will eventually be used for money-laundering; any unmonitored flow of coins will eventually be an accomplice to a crime. - were the big banks who laundered narco money in Mexico shut down???

I think the Gov case here is mostly about the Free Shire Church or whatever it's called, millions have passed through it and it's pretty much just a bullshit entity for issuing Marriage Official Licenses or some shit.

Bitcoin says

"It's official: Cryptocurrency is infrastructure"

That's what they say about Race Reparations and Bastard Factory Subsidies.

Abortion is Healthcare.
War is Peace.
etc.

MisdemeanorRebellionNoCoupForYou says

Bitcoin says

"It's official: Cryptocurrency is infrastructure"

That's what they say about Race Reparations

I think it means, its part of the infrastructure bill and most importantly: The US continues to follow its path: innovation wont be stifled and we are pro-crypto.
Just look at all these large companies investing in blockchain tech.

Zak has been pretty quiet.....did Bitcoin slap him again?

Bitcoin says

Zak has been pretty quiet.....did Bitcoin slap him again?

Might just be out there making money? You're honest in certain threads and frankly a dick in others, which is why I don't use ignore. Giving you benefit of the doubt, always have, but there are substantially bigger money makers than BTC or crypto. It's called a business.

WookieMan says

Bitcoin says

Zak has been pretty quiet.....did Bitcoin slap him again?

Might just be out there making money? You're honest in certain threads and frankly a dick in others, which is why I don't use ignore. Giving you benefit of the doubt, always have, but there are substantially bigger money makers than BTC or crypto. It's called a business.

So why hate on Bitcoin then? I dont hate on someone who likes to waste money investing in gold for instance.

The funny thing is that the haters all come out when Bitcoin retraces but are nowhere to be found when crypto is doing well....just like now.

https://www.axios.com/el-salvador-buys-bitcoin-currency-launch-d6a92dfa-8703-432b-a4e0-4b364bbb08fa.html

Bitcoin just became legal tender in El Salvador....now governments are buying Bitcoin too? Thank you Tesla! Thank you El Salvador!!

Ahh.. had to revive this.. yes.. been a busy time for me.. i've been on a different laptop doing some work for a few weeks. bitcoin just hit 61k again, so you can't say I run and hide when its up, and only shout when its down..!!!

No matter the price of bitcoin, its still a FIAT, and I can still fork it and double the number of tokens by simply starting a new blockchain and new network. And it still consumes disgusting amounts of power per transaction.

Zak says

And it still consumes disgusting amounts of power per transaction.

@Zak
You gonna love this news:
https://www.cnbc.com/2021/10/13/us-beats-china-as-the-number-one-destination-for-bitcoin-miners.html

"U.S. officially the top destination for bitcoin miners, beating out China for the first time"
"The U.S. is also flush with renewable power sources.

Washington state is a mecca for hydropowered mining farms. New York produces more hydroelectric power than any other state east of the Rocky Mountains, and it counts its nuclear power plants toward its 100% carbon-free electricity goal."


Zak says

bitcoin just hit 61k again

Yes baby!!! 100k incoming !!!!

Where is @Zak????

He's not celebrating Bitcoin new ALL TIME HIGH today??
He's not celebrating the first Bitcoin ETF on the Nasdaq???