patrick.net

G36 says

awaiting moderation

You don't answer a question. Thought I'd throw out a softball question and see if you could answer. You didn't. That's how we got here with the travel. We did try to discuss BTC and crypto with you, you didn't want to. Then you went personal. There are threads and comments of evidence I'm right. Crypto is good in your world, but you've failed to sell anyone on it. I'm sorry that disappoints you.

personal

G36 says

awaiting moderation

Dude, you never answered a question from anyone. Stop with the BS. It wasn't just me.

Others have brought up perfect examples of why BTC is crap and you just mock them with it. You don't answer what they asked you. That's trolling. And then posting links to crap sites and not responding to valid criticism. That's spam. You don't have to like what I'm saying, but that's what it is.

G36 says

what is this now? none of my comments come through anymore lol

Will you lay off the fake quotes?

G36 says

prime example....he doesnt let Bitcoin investors discuss and share infos without constantly making personal comments.
When we make a personal comment, he runs to Patrick.

Is Patrick biased with controlling his blog? If he is, well, it's his blog.

If you want to troll cryptocurrencies you could create your own blog and then you could censor people who disagree with you.

Patrick says

G36 says

what is this now? none of my comments come through anymore lol

Will you lay off the fake quotes?

yes....I absolutely will not edit quotes anymore.

OK @G36 you are out of moderation jail. Thanks.

HunterTits says

Patrick says

OK @G36 you are out of moderation jail. Thanks.

He's so toxic I blocked him a while ago. Only see him quoted by others and that is bad enough.

Also pumping same crap like election2020 (blocked) Some people have limited intellectual capacity. If I see same crap from G36, I'd block him too to stop wasting time.
Crypto in the current form is purely gamble to find next greater fool. Mainly used for contraband that destroys communities.

Patrick says

Will you lay off the fake quotes?

Ewww... That's like a black sin or something. Comment changers are no bueno. Unless it's their own of course for typos.

Rin says

In another thread ...

Just for some fun, I've decided to run a weekly price bar chart, with Fibonaccis on the whole thing ...



Here's the scoop, now that bigger institutes, along with the retail traders are into this speculation, there are actually trading zones for this thing because there are lots of players, not just the penny stock speculators.

So since last week's bearish candle engulfs the prior week's bullish one, we're on a retest of the price near the 0.618% Fibonacci retracement level. If that level holds, we have a bounce in place ... ready to go.

If it falls through that region w/ no intraweek support, then it falls to the next trading zone, and so on.

For this to be a bust, it needs to get back to the baseline.

I suspect that the big fish will issue a huge buyback in the 23K range, if not earlier (29K-35K). Sure, this thing may evaporate in the fu...

As a serious question:

I understand how easy it is to make money doing nothing for society, do you feel guilty only making money doing nothing to improve society, or do you think you improve society in a way I cannot see?

I think I can easily make money by being a sociopath, but even as an atheist, I want to hold onto my humanity. Are you sure you've held onto this? You're fucking a plastic doll, and before that whores.

Do you have any obligation to other people - and by that I mean do you have any feeling for them? I know this is a heady question.

For a long time, a very long time, I was a vegetarian because I realized I couldn't kill an animal, I simply could not end a life. I suspect you see this as weakness, but I see a lankness of compassion. Within my lifetime I've experienced compassion. Useless compassion for the most part.

I strongly believe our only worth of existence is making another life better. You may laugh at this, but I guarantee I'm the best dog owner you've ever talked to. My best experience was improving a life. I did dog rescue and fostering for a decade, and the most broken and miserable dogs, I kept and built up, only to have them die on me. This was my most rewarding part of my life and the most painful part of my life, so far. They were "just dogs" but I was an truly actually an exceptional owner. They had a better existence than 99% of human beings, and better than 99.999% of a dog's life. Vicarious joy is wonderful.

Rin, find something you can love. But - find something you can actually love. It's beneficial for them and you, benefit them. Improve a life, and get something out of it as well. Love isn't selfish.

But I warn you, love is a commitment through life. A dog is merely 14 to 18 years at most. A human is a full lifetime. Even so, 14 years is a long time.

richwicks says

I understand how easy it is to make money doing nothing for society, do you feel guilty only making money doing nothing to improve society, or do you think you improve society in a way I cannot see?

Both. I wouldn't feel guilty. But if I get richer, I indirectly help society because with my profits I am able to buy more rentals and be a good/fair landlord. Also, Investing in Bitcoin helps society greatly: Banks used to have a monopoly. Now you can be your own bank.

I also like your dog story. We got a 2 year old doggy and I love improving his and my life by walking through the rolling hills in this beautiful SoCal weather.

G36 says

Banks used to have a monopoly.

What are you talking about? Trucking is a monopoly with what you're saying. It makes no sense. There are multiple banks and transactional vendors in USD. Visa, Discover, Chase, BoA, etc. There's competition. Because they charge a fee makes no difference. If there's a fee free way, vendors aren't going to reduce the cost of goods. BTC has no net benefit besides maybe some of the tech. Ultimately there are no assets or value outside of trading it like digital video game coins. It's a game.

richwicks says

I understand how easy it is to make money doing nothing for society, do you feel guilty only making money doing nothing to improve society, or do you think you improve society in a way I cannot see?

I think my biggest problem with bitcoin is that it is purely a speculative bet that depends on the greater fool, consumes vast amounts of energy, and has no benefit to noncriminal society.
Wait, that's what I have saying all along!

G36 says

Also, Investing in Bitcoin helps society greatly: Banks used to have a monopoly. Now you can be your own bank.

Not really. All crypto is valued in central bank fiat. When the banks crash nobody will trade your crypto for food even if it's worth $1,000,000 per coin.

Onvacation says

richwicks says

I understand how easy it is to make money doing nothing for society, do you feel guilty only making money doing nothing to improve society, or do you think you improve society in a way I cannot see?

I think my biggest problem with bitcoin is that it is purely a speculative bet that depends on the greater fool, consumes vast amounts of energy, and has no benefit to noncriminal society.
Wait, that's what I have saying all along!

I don't even look at it morally. Yes it's bad. Tons of bad stuff with it.

My issue is that literally no one that invests in it can explain it. Every single website out there if you research it is pure pumper trash. People will claim "institutional" investors are getting in. So did the largest fucking insurance firms in the early 2000's buying pure trash or insuring it during the housing bust. That's why I think most crypto people are 22-34. They didn't live the housing crisis financially.

Crypto is not what anyone thinks it is that's invested. Plenty of people made bank off the housing crisis, a ton more got burned. When you've got people buying 3 houses as a waitress, things ain't right. Can't stop stupid I guess.

Onvacation says

I think my biggest problem with bitcoin is that it is purely a speculative bet that depends on the greater fool, consumes vast amounts of energy, and has no benefit to noncriminal society.

Those are three problems.

Which one of those would you say is the biggest problem?

B.A.C.A.H. says

Onvacation says

I think my biggest problem with bitcoin is that it is purely a speculative bet that depends on the greater fool, consumes vast amounts of energy, and has no benefit to noncriminal society.

Those are three problems.

Which one of those would you say is the biggest problem?

Greater fool in my opinion. It can destroy families. I've seen it during the last bull run. And so can stocks, but with stocks you at least have an idea what you're getting by investing. You or anyone cannot explain what you're getting from crypto and specifically BTC.

It's tradable for sure. It would be stupid to hold it like other stocks and investments though. 2018 until Nov. 2020, BTC was dead money. 2-3 years. No dividends. No assets. No financial reporting. Who is holding it and who can pull the trigger at a moment and move the market. How much has been literally lost. Pain in the ass to transact in. There's nothing there and people are eating up the pumping right now.

So yeah. Greater fool. I don't like the criminal aspect to it either. It's not about drugs either. I don't think people understand human trafficking all that well. Crypto is perfect for that. It's sick.

WookieMan says

B.A.C.A.H. says

Onvacation says

I think my biggest problem with bitcoin is that it is purely a speculative bet that depends on the greater fool, consumes vast amounts of energy, and has no benefit to noncriminal society.

Those are three problems.

Which one of those would you say is the biggest problem?

Greater fool in my opinion

Agreed. Bitcoin is a big Ponzi scheme. The only way to get money out is for someone else to put money in.

The fact that it is unsustainable and used by criminals are secondary problems.

G36 says

richwicks says

I understand how easy it is to make money doing nothing for society, do you feel guilty only making money doing nothing to improve society, or do you think you improve society in a way I cannot see?

Both. I wouldn't feel guilty. But if I get richer, I indirectly help society because with my profits I am able to buy more rentals and be a good/fair landlord. Also, Investing in Bitcoin helps society greatly: Banks used to have a monopoly. Now you can be your own bank.

I also like your dog story. We got a 2 year old doggy and I love improving his and my life by walking through the rolling hills in this beautiful SoCal weather.

Do you understand the objection of a rentier society?

Be kind to your dogs. I put so much into mine that when they died, it just destroyed me in that area. Worst thing I've ever done was ending my dog's life. I was an absolutely incredible dog owner but I cannot go through that again. If you are a good dog owner, if you love them, you will experience the same crushing pain. Others may see it as ridiculous, but I'm having a great deal of difficulty from euthanizing them and they made it to 16, 2 years beyond their life expectancy.

It's easy to make money if you have no regard for anything but yourself. I consider this evil to do. I am seriously considering being evil.

Regardless, be good to your dogs. Man's best friend, we co-evolved for at least 30,000 years.

richwicks says

I put so much into mine that when they died, it just destroyed me in that area. Worst thing I've ever done was ending my dog's life.

I was very sad when I lost them. One of the best things I've ever done was ending their suffering. I was very sad, but had no difficulty making that decision. Their vets agreed with me. Loved them too much to make them suffer. I think they would do the same for me.

Nice thing about Bitcoin is that its decentralized. Not like banks. There are lots of advantages over gold and fiat.

No wonder institutions are pouring Fiat into Bitcoin to hold long term on their balance sheet. I do the same.

So, according to the chart Bitcoin is not backed by a sovereign but is valued in fiat. Can you see a little problem there?

If you can give a cogent answer to the question above we can debate the rest of your fallacious chart.

I think I'll drive the sports car to the yacht. (Miata to the boat) and go sailing.

I think the best thing about Bitcoin is the scarcity. Unlike FIAT, you cant just print more Bitcoin. I believe that's the biggest reason why Tesla bought 1.5B worth of USD in Bitcoin :)
Thanks Tesla!

G36 says

I think the best thing about Bitcoin is the scarcity. Unlike FIAT, you cant just print more Bitcoin. I believe that's the biggest reason why Tesla bought 1.5B worth of USD in Bitcoin :)
Thanks Tesla!

What is this different from yours previous repostings. I am done reading your illogical posts.

China just 'went to war' against bitcorn miners on the 1st. This is going to shut down 65% of the worlds mining operation.

just_passing_through says

China just 'went to war' against bitcorn miners on the 1st. This is going to shut down 65% of the worlds mining operation.

yawn...sooo old news....we hear this every year since 2016

Blue says

G36 says

I think the best thing about Bitcoin is the scarcity. Unlike FIAT, you cant just print more Bitcoin. I believe that's the biggest reason why Tesla bought 1.5B worth of USD in Bitcoin :)
Thanks Tesla!

What is this different from yours previous repostings. I am done reading your illogical posts.

@Blue
nobody forces you to read Bitcoin news

G36 says

yawn...sooo old news....we hear this every year since 2016

Only morons don't pay attention to material shit.

That being said, it hasn't moved the price.

Hell, it might even protect people from a 51% attack.

G36 says

I think the best thing about Bitcoin is the scarcity.

Bitcoin is infinitely divisible, correct?

WineHorror1 says

G36 says

I think the best thing about Bitcoin is the scarcity.

Bitcoin is infinitely divisible, correct?

"Over two quadrillions units are available
On its part, a single bitcoin is divisible by eight decimal points. The smallest unit is the Satoshi, which is also referred to as a bit, hundredth of a millionth bitcoin (1 satoshi = 0.00000001 BTC). Therefore, each Bitcoin can be broken down into 100,000,000 satoshis.

If you convert 21 million bitcoins into satoshis you have slightly over two quadrillions, enough units to go around. In fact, every world citizen in 2140 could own an average of 131,250 satoshis."

https://medium.com/@EricGrill/the-divisibility-of-bitcoin-fc1bcb40dd52

but not only scarcity and divisibility are advantages for Bitcoin....there is so much more... for instance "non counterfeit ability"

There's a huge black market for counterfeit money, from fake gold coins to fraudulent $20 bills.

Cant do that with Bitcoin :)

just_passing_through says

Only morons don't pay attention to material shit.

Exactly! Thats why nobody pays attention to the miner/china news. It comes up every year. Old, boring news. Think of it as a nothing burger.

Its very easy to just move your mining business.

G36 says

not only scarcity and divisibility are advantages for Bitcoin

2 quadrillion is scarce?

G36 says

not only scarcity and divisibility are advantages for Bitcoin

2 quadrillion is scarce?

very scarce! There will only be 21M Bitcoin. That's not even enough for each millionaire (in the world) to hold just one Bitcoin! And I have 1.9 Bitcoin !!

WineHorror1 you confuse divisibility with scarcity.

That's what i am here for, to educate.

Scarcity: you cant make any more Bitcoin (You can print FIAT as much as you want though)
Divisibility: divisible by eight decimal points. The smallest unit is the Satoshi, which is also referred to as a bit, hundredth of a millionth bitcoin (1 satoshi = 0.00000001 BTC). Therefore, each Bitcoin can be broken down into 100,000,000 satoshis.

G36 says

Scarcity: you cant make any more Bitcoin (You can print FIAT as much as you want though)

Bitcoin is valued in fiat. Can you see the contradiction?

You can trade Bitcoin to a stable coin (many, many stable coins), you can trade Bitcoin to ETH, to LTC, to ADA and to USD.

That doesnt mean you can print more Bitcoin. You confuse trading pairs with Scarcity.
Thats why I am here....to educate!

G36 says

You can trade Bitcoin to a stable coin (many, many stable coins), you can trade Bitcoin to ETH, to LTC, to ADA and to USD.

All crypto comes back to fiat. All of it. No one transacts in crypto except for illicit activities. No intelligent business owner would accept crypto as payment unless they're running a pump. That's what TLSA is doing. They're printing cash $$$ USD and have probably closed their position in BTC at this point or are doing it slowly.

As a publicly traded company you have a fiduciary duty to do what is best for shareholders. Could be criminal if it was found you just burned through cash acquired through stock offerings to buy spreadsheets. Holding BTC will burn TSLA shareholders when it drops. TLSA exiting BTC will plummet the market. I don't think they're in anymore or will start to unwind their position. Pick up a quick $200-300M on the backs of people chasing get rich quick schemes.

You brag about TLSA being a good thing getting into crypto. It's not. It's extremely bad if you think about it.

I forgot you can also trade Bitcoin to Chainlink and stellar. I HODL those coins as well.

Hodling is the best way to increase your wealth. Patrick owns 0.01 Bitcoin. One user suggested to spend it on food when Bitcoin was at 38k. Good thing Patrick hodl'ed. Now his Bitcoin holdings are worth over 500 USD. Soon, it will be over 1k!

Tesla bought 1.5B USD worth of Bitcoin and hodl'es.....Follow Tesla's lead!

G36 says

Exactly! Thats why nobody pays attention to the miner/china news. It comes up every year. Old, boring news. Think of it as a nothing burger.

Says comes up every year: which is bull shit. Lying morons are worse that just plain morons.
Says the largest economy on the planet within 5 years not participating is a nothing burger: ha ha ha!

G36 says

Tesla bought 1.5B USD worth of Bitcoin and hodl'es.....Follow Tesla's lead!

No one should do this. Generate wealth. It's not that hard. Don't flip a coin, especially on something those that are invested cannot explain. There's a reason...