patrick.net

Make sure you turn up the volume...
https://www.reddit.com/r/Bitcoin/comments/q2rs52/here_we_go_btc/?utm_source=patrick.net&utm_medium=patrick.net&utm_name=iossmf&utm_campaign=patrick.net

porkchopexpress says

Make sure you turn up the volume...
https://www.reddit.com/r/Bitcoin/comments/q2rs52/here_we_go_btc/?utm_source=patrick.net&utm_medium=patrick.net&utm_name=iossmf&utm_campaign=patrick.net

lets go baby. thanks for sharing. Second leg of epic bull run has started. What crypto is about to do will blow your mind.....

lets moon
https://youtu.be/k001JX-D-dA

https://youtu.be/NGkeLbx_4E4

When the price goes up the bitcornholios come out to holler. If I read the charts right BTC was trading at around $10k on October 2nd, 2020. Now it is trading at over $50k roughly one year later. And your belief is that in one more year it will be trading at $100k? That’s because BTC is the most valuable piece of code ever written in the history of ones and zeros!!!! We can’t possibly generate real wealth in $’s unless we convert the worthless currency into priceless code! The dollar has evolved past the point of being a medium of exchange and now its only value is in serving as a reference point to the growing value of BTC!!!

Well golly, we should all just sell our possessions, convert them to BTC and by next fall we be worth twice as many ones and zeros as we are today. And then we can holler like the other bitcornholios! Sign me up!


HODL!

PeopleUnited says

Sign me up!
HODL!

Exactly right @PeopleUnited
The FED (money printer), Inflation, Wall Street, hedge funds, Soros, Tesla (Elon), Microstrategies, Cathie Wood, Mark Cuban, Kevin O'Leary, Paul Tudor push Bitcoin higher and higher. With its very limited supply, its no surprise that Bitcoin continues to skyrocket to the moon! Even countries purchase it now!
And here is the greatest part about it! You can easily purchase your Bitcoin via app's (Venmo, PayPal, Coinbase, Binance, Robinhood, Webull) and when the price goes up you take profits and laugh into the faces of the Bitcoin haters who told us it will go to zero :D :D :D :D
It truly is the best thing since sliced bread + the most profitable asset in history!

"Bitcoin Becomes Best Performing Asset Of The Decade, Returning Ten Times More Than Nasdaq 100"
https://www.yahoo.com/now/bitcoin-becomes-best-performing-asset-132208120.html#:~:text=Benzinga-,Bitcoin%20Becomes%20Best%20Performing%20Asset%20Of%20The%20Decade%2C%20Returning,Times%20More%20Than%20Nasdaq%20100&text=After%20its%20recent%20surge%20to,of%20230%25%2C%20data%20shows.

Google has entered the Bitcoin / Crypto space. But lets be honest, we knew its just a matter of time until big tech gets in on crypto.

https://www.businesswire.com/news/home/20211008005265/en/Bakkt-Partners-with-Google-to-Introduce-Digital-Assets-to-Millions-of-Consumers

"-Bakkt (“Bakkt”), a trusted digital asset marketplace that enables consumers to buy, sell, send and spend digital assets, today announced a partnership with Google to extend the reach and usability of digital assets to meet rapidly evolving consumer demand and preferences. Bakkt users will be able to add their virtual Bakkt® Visa® Debit Card (“Bakkt Card”) into Google Pay to purchase everyday goods and services online, in-store, or wherever Google Pay is accepted. Digital assets such as bitcoin will be converted to fiat currency for these payments to occur."

Sorry Bitcoin haters :) Another slap in your face :)

I'm gonna bite. Who cares? On the 15th I'll bring in $60k, basically doing nothing. 11/15 will be at least another $60k. Own/run a business. You'll make more and have more control. Good luck on your gains though.

WookieMan says

Who cares?

Obviously, YOU? Why else respond/comment on Bitcoin threads? Lol

Since you are trying to pretend nobody cares with the goal to discourage me from posting bullish Bitcoin news, here is more for ya ;)

Remember when the BTC haters screamed "CCP! Bitcoin mining controlled by China! China bad, bad, bad."
Well, it looks like Bitcoin miners are moving out of China and settle in......Texas!

https://www.bbc.com/news/world-us-canada-58414555
"Why China's bitcoin miners are moving to Texas"

https://www.cnbc.com/2021/06/15/chinas-bitcoin-miner-exodus-.html
"China is kicking out more than half the world’s bitcoin miners – and a whole lot of them could be headed to Texas"

https://www.washingtonpost.com/world/asia_pacific/bitcoin-mining-china-crypto-america/2021/06/17/0a39c3a8-c903-11eb-8708-64991f2acf28_story.html
"Bitcoin miners exit China, beat a path to the U.S. as crypto climate shifts"

haha! Sry haters :)

The opposite of love is not hate, it's indifference.

I don't remember turning off the ignore.

Onvacation says

The opposite of love is not hate, it's indifference.

Exactly, why do some people feel the need to constantly shit on someone's investments? For instance, I want others to succeed and make money.

But not the BTC haters.....they would love, love, love for Bitcoin to fail. You see it every time when Bitcoin corrects.....the haters put on their cheerleader gear and come out in droves! My guess is that they are sour grapes since their calls were soooooo wrong and they missed the once-in-a-lifetime buying opportunity to get a piece of the crypto pie.

"Bitcoin will go to zero"
"Bitcoin will go to 1.2k"
"Tesla sold all their Bitcoin"
etc. etc

As Bitcoin mining migrates to Texas it becomes "greener"

https://finance.yahoo.com/news/bitcoin-mining-reshaping-energy-sector-200439550.html

"Additionally, a new hybrid model for Bitcoin mining is emerging. Bitcoin miners can buy energy from energy providers when energy is abundant (as in West Texas with an excess of wind and solar), drawing from the grid the rest of the time. In so doing, the miners monetize a renewable asset that would otherwise be dumped into the ground, while maintaining generally high uptime. During periods of energy scarcity, the miners can be turned off. The net effect is that renewables become more economical, as they can monetize their asset even when the grid has no demand for it."

Thank you Texas! And thank you China for pushing that industry to the US!!

guys!! China banned Bitcoin!!! China banned Bitcoin! FUD!!! The world is ending! Bitcoin to zero!!

....that was a month ago.....

now watch:




Sorry Bitcoin haters :)

I’d love to see bitcoin succeed. Maybe then my tulip bulb storehouse will be worth something again too!

Bitcoin says

+ the most profitable asset in history!

Except for tulip bulbs.

Its typical for boomers to brush of Bitcoin by saying "tulips!", "tulips!"

its basically an excuse: We dont want you to invest in assets that we didnt invest in first.
Boomers completely missed boat on anything that is not gold, stocks or real estate. Now, they just hope Bitcoin and crypto will disappear/crash like the tulip bubble.

Anyone with a brain knows that Bitcoin has been around for over 10 years now and big tech is investing in crypto + the US rolls out new regulation (which is a good thing if you are bullish on Bitcoin and support the idea of a Bitcoin ETF).

To just slap the tulip-boomers, here a chart that shows tulips versus Bitcoin :) By the way, Bitcoin has a shit ton of upside.....Gold shouldnt have a 10x higher marketcap than Bitcoin....it should be the opposite since gold is 'wannabe Bitcoin" (Gold can never be "smart gold", or transferred across the globe via one click, Gold also looses in value instead of increasing.)




Do you see the tulip bubble lasting for more than 10 years? Do you see higher highs and higher lows on the tulip bubble? The answer is no to both questions :)

Bitcoin says

here a chart

You remember what happened when there was a chart like that with house prices?

I keep thinking I should set up a Bitcoin wallet. Then I get a headache reading this: How to set up a secure offline savings wallet

Putin plan "PetroBitcoin" ;) watch and be amazed

EBGuy says

I keep thinking I should set up a Bitcoin wallet.

Setup an acct with Coinbase.com a publicly traded company kyc a bank acct to fund your coinbase acct then setup an Exodus.com wallet to start which
is a browser extension wallet. I use BC Vault for a hard wallet.

Once your funded, buy some bitcoin however ethereum maybe a better choice to start and send it to Exodus unless you plan on trading then just leave
a portion on the exchange and put what you are not trading in your exodus wallet for safe keeping. Coinbase spends a ton on security and you also
have to 2-step authenticate with something likes of https://2fas.com/how-to-enable-2fa/ I do leave some on the exchanges for trading but most is kept in a wallet.

You will really enjoy the game once you get setup to play, it opens a whole new world most 99% can't even imagine and you will see how foolish some are
with their comments once you understand the basics of the power of crypto and where they are heading as the worlds 4th industrial revolution.

EBGuy says

I keep thinking I should set up a Bitcoin wallet. Then I get a headache reading this: How to set up a secure offline savings wallet

lol, wtf is this.

Buying Bitcoin and storing it securely it as easy as buying pizza.

You download an app to your phone (coinbase, binance, etc.). Once you purchased Bitcoin, you get yourself a Trezor or a ledger. Basically, a USB stick type device. You send your Bitcoin to your Trezor or ledger address. Done. Nobody can touch it/confiscate it.

even a boomer can do this....

NDrLoR says

Bitcoin says

here a chart

You remember what happened when there was a chart like that with house prices?

Whats your point? I can pull up an inflation adjusted house price chart for you.....and now what?

Obviously the rate on 30 year mortgages will drop another 12%.

Bitcoin says

Exactly, why do some people feel the need to constantly shit on someone's investments?

There are better investments. That's why I comment on these threads. Investments are not just crypto, metals, stocks or real estate. You can make substantially more money other ways. But what do I know? I just do it.

WookieMan says

But what do I know?

Not much?
You said holding is "stupid" and YOU talk about investment performance? Doubt you even know how to calc. ROI in order to compare investments. You seem to have no idea what these % below mean, do you?

in terms of Bitcoin performance.....dont take my word for it....google it or even easier, click the link below.




https://www.barchart.com/crypto/quotes/%5EBTCUSD/performance

What we do know is on a very large scale of stupid is to assume that a mere human knows everything about everything and everyone's situation...
And that there is only 1 way to skin a cat.... Someones mind is more narrow then the ass of a nat ;)

Misc says

Obviously the rate on 30 year mortgages will drop another 12%.

Housing has more then likely not topped out Idaho for 1 when corporate can get money for nothing and their chicks for free and create as many RE ABS as they please for little to nothing.
My data says the possibility that next RE season we could see 1.5%+/- on a 30yr. and at that rate most would be paying more on their principle then interest ;)

Bitcoin says

Whats your point?

I know, this time it's different.

Cash says

My data says the possibility that next RE season we could see 1.5%+/- on a 30yr. and at that rate most would be paying more on their principle then interest

exactly what happened in Europe. House prices have been in a 3 decade long uptrend while rates continue to go down. Thanks to mortgage rates that are between 1-2%.

Bitcoin says

Cash says

My data says the possibility that next RE season we could see 1.5%+/- on a 30yr. and at that rate most would be paying more on their principle then interest

exactly what happened in Europe. House prices have been in a 3 decade long uptrend while rates continue to go down. Thanks to mortgage rates that are between 1-2%.

You know though that this is a sign of insolvency and too much money printing/QE. Of course everyone who can would refinance to save a whole percentage point. But for those who are shut out from working with debt these policies are devastating. And eventually there will be another 2008. We got loans at 1.5% over there, it's insane. Soon some banks may pay you for holding debt. But it won't end well, this is done one the backs of future generation as always, and the millennials and genzs are already mega fucked, many if not most will never be able to own a decent house in their lifetime. Not saying not to play the game, but it's nothing to celebrate

Bitcoin says

exactly what happened in Europe. House prices have been in a 3 decade long uptrend while rates continue to go down. Thanks to mortgage rates that are between 1-2%.

Good point and comparison

mell says

You know though that this is a sign of insolvency and too much money printing/QE. Of course everyone who can would refinance to save a whole percentage point. But for those who are shut out from working with debt these policies are devastating. And eventually there will be another 2008. We got loans at 1.5% over there, it's insane. Soon some banks may pay you for holding debt. But it won't end well, this is done one the backs of future generation as always, and the millennials and genzs are already mega fucked, many if not most will never be able to own a decent house in their lifetime. Not saying not to play the game, but it's nothing to celebrate

No celebration here brother, and I totally agree just sharing some data based observation.
IMO I am on the very opposite side of all those youtubers the majority sitting on the edge of their seats just waiting for the big RE crash, all I can say is I hope they are not holding their breath. Many of the blue state will feel the effect of a RE crash of some sorts but several states the prices will just keep going up more than likely. Lots have the delusional view fed will raise rates to curb inflation lmao not going to happen what the more likely scenario is a big fat < ZERO Fed funds rate keeping wall street well fed and the world spinning...

Bitcoin retakes $60,000 on news of imminent Bitcoin Futures ETFs
https://seekingalpha.com/news/3753210-bitcoin-aims-to-re-take-60k-on-news-of-an-imminent-bitcoin-futures-etfs

SEC could approve bitcoin-futures ETFs as early as Monday
https://seekingalpha.com/news/3753036-sec-bitcoin-futures-etfs

Boom conservatively 80-100k incoming no time frame claim although I personally want the pop to be slow and deliberate and
the run to last into 2022.... (personal tax benefits)

Bitcoin says

lol, wtf is this.

Buying Bitcoin and storing it securely it as easy as buying pizza.

You download an app to your phone (coinbase, binance, etc.). Once you purchased Bitcoin, you get yourself a Trezor or a ledger

None of that sounds anonymous to me and involves a lot unauditable software. Ask jstark how his coinbase account worked out for him.

Cash says

Bitcoin says

exactly what happened in Europe. House prices have been in a 3 decade long uptrend while rates continue to go down. Thanks to mortgage rates that are between 1-2%.

Good point and comparison

mell says

You know though that this is a sign of insolvency and too much money printing/QE. Of course everyone who can would refinance to save a whole percentage point. But for those who are shut out from working with debt these policies are devastating. And eventually there will be another 2008. We got loans at 1.5% over there, it's insane. Soon some banks may pay you for holding debt. But it won't end well, this is done one the backs of future generation as always, and the millennials and genzs are already mega fucked, many if not most will never be able to own a decent house in their lifetime. Not saying not to play the...

I agree the Fed will never significantly raise rates to curb inflation (instead of first signs of a severe crisis they will slash em back to zero or even go negative), but eventually it will be the bond holders forcing much higher rates to prevent the dollar from becoming worthless. But that may be a years or even decades out. Trying to time this for the average joe is insane, people like Burry intensely studied the mortgage and derivatives market before making big bets. For now inflation is here to stay and it will inflate pretty much all assets, including housing (except for the luxury/mansion market maybe). Best is to stay diversified.

EBGuy says

Bitcoin says

lol, wtf is this.

Buying Bitcoin and storing it securely it as easy as buying pizza.

You download an app to your phone (coinbase, binance, etc.). Once you purchased Bitcoin, you get yourself a Trezor or a ledger

None of that sounds anonymous to me and involves a lot unauditable software. Ask jstark how his coinbase account worked out for him.

@EBGuy,

why do you think purchasing Bitcoin should be anonymous?????

If it were anonymous criminals could use it and the US government would have an issue with it.
Crypto is regulated.
Exchanges are regulated.
If it werent regulated they wouldnt be able to approve a Bitcoin ETF.

An exchange must report holders above a certain $$ threshold to the IRS. Dont trade crypto with the idea you can avoid taxes. BAD IDEA.

I'll repeat it again and again:
you purchase Bitcoin (or any other crypto) on an exchange but you dont HOLD your crypto there.
You send it via seconds to a cold storage. Think of it like an USB stick. THere are many out there, Trezor or Ledger Nano S are highly recommended. They are not connected to the internet and can be stored at a safe place so that no hacker can access your funds. Its like your own bank vault.

mell says

Best is to stay diversified.

Exactly!

NDrLoR says

Bitcoin says

Whats your point?

I know, this time it's different.

@NDrLoR
I didnt say this time is different. But i still dont get your point. You were making a comparison between the RE chart and the Bitcoin chart. What is your point though?

There was a severe crash in 08 in RE. There was a severe crash in 2017 with crypto. Both, RE and crypto are trading at all time highs now (basically).

So whats your point? That crashes are buying opportunities of a lifetime? That long term holders of crypto and RE are just fine?

Bitcoin says

So whats your point?

It's the title of a book: https://www.amazon.com/Carmen-M-Reinhart/e/B001JJA510?ref=sr_ntt_srch_lnk_1&qid=1634355852&sr=8-1

Bitcoin says

WookieMan says

But what do I know?

Not much?
You said holding is "stupid" and YOU talk about investment performance? Doubt you even know how to calc. ROI in order to compare investments. You seem to have no idea what these % below mean, do you?

in terms of Bitcoin performance.....dont take my word for it....google it or even easier, click the link below.




https://www.barchart.com/crypto/quotes/%5EBTCUSD/performance

I talk about owning a business. Put some time in and make $10M, which we're close to securing. Try it some time. I'd rather invest in something I have control over instead of something with zero tangible value long term. I'm a millionaire at 38 as is. BTC could go 10X and it still won't beat what I can make. You're playing a video game. I'm not a hater either, I'm logical. I've seen people destroyed by crypto and I can't stand the pumping. Do something productive.

Dogecoin co-creator Jackson Palmer isn’t on social media much. After nuking his YouTube channel and turning his Twitter account private back in mid-2019, the software engineer hadn’t made a peep on the platforms at all; not even when prices for his meme-y crypto reached record highs earlier this year. That blackout ended today when Palmer briefly resurfaced on Twitter with an important reminder: cryptocurrency’s a scam and always has been.

“After years of studying it, I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity,” he tweeted out on Wednesday afternoon.

Palmer went on to say that while crypto’s biggest fans often point to it as an equitable alternative to the Big Banks because of the currency’s decentralized nature, the truth is that the two share the same problem: rich people. As he (rightfully) noted, the bulk of the crypto community is controlled by “a powerful cartel of wealthy figures” who are turning decentralized finance into a system that largely benefits those at the top—kind of like the centralized systems crypto claims to replace.

...

Palmer’s full thread itself is well worth the read, even if you disagree with what he’s saying—and there are going to be plenty that do. One of the many awful traits of the crypto community that Palmer points out is that “even the most modest critique of cryptocurrency will draw smears from the powerful figures in control of the industry,” not to mention the ire of everyday investors terrified of losing it all. Just something worth remembering when those figures inevitably fart out some bad-faith tweets saying Palmer’s just jealous he never cashed in when he had the chance.


https://gizmodo.com/dogecoin-creator-says-crypto-is-a-scam-1847292956

NDrLoR says

Bitcoin says

So whats your point?

It's the title of a book

So, you asked to compare Bitcoin to RE but you cant articulate what your point is? cool. Nice conversation!

WookieMan says

I talk about owning a business.

Are you trying to tell us as a business owner you cant invest to generate passive income? That would make you unique.

Look at other successful entrepreneurs. They seems to have enough cash to invest in order to generate passive income (at least the ones that make money and arent broke).

https://www.cnbc.com/2021/10/13/mark-cuban-ethereum-has-the-most-upside-as-a-crypto-investment.html
"Mark Cuban says ethereum has the ‘most upside’ as a crypto investment"

https://cointelegraph.com/news/mr-wonderful-s-crypto-allocation-is-now-larger-than-his-gold-holdings
"Mr. Wonderful’s crypto allocation is now larger than his gold holdings"

I can post more examples if you like?

MisdemeanorRebellionNoCoupForYou says

tweets saying Palmer’s just jealous he never cashed in when he had the chance.

@MisdemeanorRebellionNoCoupForYou
Wait. Palmer created Doge but didnt make a cent with it? LOL that would suck. No wonder he is sour grapes!