Good morning I hope you all had a pleasant Friday...I sure did...even tho drinking porter gives me a massive hangover.. A good time was had by all..and I even managed to luck into a green candle...make of it what you will.   Is that tiramisu? If so count me as a huge fan.  |
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That Portnoy video.
What a newb.
Does he really expect the stock market to just keep going up forever?
Man, I wouldn't wish I'll on anybody but I got to say that I am looking forward to the day he gets mindrusted good and proper.
He will not only miss out on an opportunity of a lifetime (Bitcoin) but is going to get royally rekt when the stock market comes crashing down around him.
I looked up his Twitter account today, and now I totally get it. He's a plant. A shill for the Wall Street stonk day tarders. This was all just a stunt for him to try and convince Bitcoiners to leave crypto and get into stonks. Here's a video of him, notice him buddying up with ol' Jim Cramer: https://twitter.com/stoolpresidente/status/1296952930063601666And here's another photo of him with ol' Jim Cramer: https://twitter.com/jimcramer/status/1296966764799164416Anyone remember how ol' Jim Cramer feels about Bitcoin? Remember this from 2014? https://www.youtube.com/watch?v=2kEySHOd4JUThe joke's on Dave though, from the looks of his twitter stream it didn't work. https://twitter.com/stoolpresidente/status/1297222550922108929Seriously, those guys can fk off. |
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OT: Tesla stock at > $2K is the most stupidly comical pump I've seen in my entire life.  |
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Dave Portnoy: talk about the ultimate day tarding weak-handed fool. https://twitter.com/stoolpresidente/status/1296910690930896896He couldn't handle crypto for what, like a few days? Now he's saying he only invests in stonks because "stonks only go up." Holy shit, not only is he going to get crushed one day, but so will all of his followers. |
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When recessions/depressions hit small, rural towns, the people just suffer quietly...but not much else changes on the outside. When recessions/depressions hit large metro cities, all hell breaks loose into Mad Max Beyond Thunderdome style lawless shit. This is why they couldn't pay me enough to live in metro cities like LA, NYC, or Chicago. Fucking concrete jungles with no beauty, just filth and crime always simmering beneath the surface. |
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https://www.citadel21.com/why-the-yuppie-elite-dismiss-bitcoin Of course, this will all change as Bitcoin’s mechanics continue to play out, making Number go Up. In time, everyone will have to face the painful realization that their reasons for writing off Bitcoin were wrong. Because of the dynamics at work with the yuppie class, it may take longer for them to come around to Bitcoin than with most new technologies or trends. Great article, but I believe this writer is incorrect about this quote: As an aside, I went to the best business school in the world and they didn’t teach us anything about that. For what it’s worth, I don’t think that this was a knowing or malicious omission. I think this battle was won 100-years ago, in Keynes’ day, with the self-serving support of governments weighing heavily on the outcome. Which is to say, my professors learned from Keynesians who themselves learned from Keynesians. The business leaders and educators of today are completely unaware that they are passing on the shoddy propaganda version of monetary theory as a result of the largely successful ideological extermination of sound monetary theory. Au contraire, I think the business school professors know exactly what they are doing with their constant Keynesian propaganda. They know exactly what sound money is, but know the business world is now fueled on cheap debt and money printing. “It is difficult to get a man A man refuses to understand something, when his salary depends on his not understanding it.” |
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For me when BTC forked by changing the protocol, that left BCH as Bitcoin to me. When BCH forked by changing the protocol that left BSV as Bitcoin to me. I'm not choosing to follow an alt coin, or whatever. I am simply staying with the Bitcoin that I beleive in, regardless of squabbling over the name, the ticker, and price and all sorts of other such things that do not actually define what Bitcoin is.
And on, and on, and on... like a rat jumping from one burning, sinking ship to another. Maybe one day you'll find the elusive "real Bitcoin". Hey...you smell that, sgbett? BSV is already on fire and sinking fast. I hope they do another fork soon so you can jump ship again.  Meanwhile, Bitcoin TM will live on and prosper. |
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At the end of the day sgbett, value is driven by belief, and belief is a popularity contest. Sorry to break it to you, but BCH and BSV lost that popularity contest long ago to crazy antics and bullshit fraud from the likes of Roger Ver, Calvin Ayre, CSW, and the loonie developers. Both have been judged in the court of popular opinion and found guilty of scammery. The reality is that no one held high opinion of either BCH or BSV from the very start (except a scant few crazies such as yourself). If you still hold any BSV, keep dreaming the dream I guess. But it'll never ever happen. Like ever. The fact that you claim to be 90%+ in Bitcoin, and have been all along, just proves that you have always known the truth. |
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RIP V.  Dammit Torque. Why'd you hafta go and do THAT?!??!? I truly believe we won't see sub $9k again. So the meme had to die. |
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Gross. Hope the fed is happy with their purchases, which are actually mostly treasury bonds and assorted debt. I remember when Larry Ellison bought Lanai island of Hawaii and sank about $500 million into it. Heartwarming to know he could now buy 24 more Lanais thanks to the fed. The funny thing tho, buying back your company's stock is not prosperity. It's a ponzi. And it means things are getting progressively worse. |
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RIP V. |
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In a nutshell...
I mined shitcoins way before the 2017 bubble and sold them at a prices way below what they are now.
Because I was convinced they were all fads/scams and wouldn't last.
Case in point....I dumped all my Darkcoin (Dash) when it "pumped" to $5. And was laughing at whoever the "sucker" was who bought them.
Yeah....look how that worked out.....
It doesn't matter tho, because they ARE scams and in the long run they WON'T LAST. They only exist and trade today because the deep pocket scammers can keep them going for now (see penny stocks for examples). They also have no liquidity; if someone came in and dumped a few million $$ worth on many of them, they would hit single digits $$ in just a few minutes. |
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So this thing about Warren Buffett buying GOLD, here's my take on it.
For the last 7-8 years, ol' Warren has been known to do 1 of 2 things:
1. Come in like a White Knight and bail out companies that are in financial distress, or
2. Buy something out of the blue that's a "day-late-and-a-dollar-short", and that turns out to be a HUGE contrarian indicator.
Him buying a gold mining company out of the blue would likely be #2.
And with PMs, he's never gotten it right before. See his huge stake in Silver long ago, that he lost money on and sold about 5 years too soon.
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Brb, gonna trade all my BTC for that new Chainlink thingy that's looks so undervalued.
....
I had 1000 LINK. Converted 900 into bitcoin about 4 weeks ago at £4 something. It’s been pretty annoying for me seeing it pump. After watching shitcoin PnD charts for years now, I can tell you that for every new shitcoin that comes online, there's always one final ludicrous pump to da moon...if you have the cahonas to hold on that long. Then it crashes and fades into oblivion. If you made any profit on a shitcoin pump, consider yourself lucky. |
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My advice to anyone reading this: DON'T share PINs, passphrases, seeds, anything of that nature, with ANYONE, not even your parents, children, spouse, etc. They may be the most trustworthy people in the world, but they may carelessly compromise the security of your coins.
But...if you want your loved ones to inherit your stash after you are gone, you have to figure out a way to leave it to them. Otherwise your stash access dies with you. And keep in mind that you could die any second (e.g., sudden heart attack, getting hit by a bus, etc.) so you may not have time or opportunity to give them access to it on your death bed. |
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Brb, gonna trade all my BTC for that new Chainlink thingy that's looks so undervalued.
....
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Let's say that real inflation is running much higher than reported numbers, let's say conservatively it's closer to 6%/year. That's 1.5% per quarter (every 3 months). So if you are in fiat for just 3 months, your opportunity cost (loss) is 1.5%. May not sound like much, but guess what, now your investments have got to make back 1.5% MORE in the remaining 9 months, on top of the 4.5%, just to stay EVEN with inflation. That's not even growing your wealth, that's just trying not to have wealth destruction. People are incurring wealth destruction by staying in fiat, and they don't even realize it. #getthefuckouttafiat #buybitcoin |
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