Someone has, sir. I consider you someone. You know this energy thing is one of the many reasons I have realized we are still SO early. Hueristic can tell you... Poker players call it level thinking. I am sure it's not just poker players who call it that... Thing is so few people have figured out that Bitcoin will revolutionize the power industry more than pretty much anything else aside from the "money industry". It will eventually change SO MANY OTHER things... But power is basically second order. Almost still first... But it's one level away from the base. Bitcoin takes power! HUUR DUUR Bircorn bad. Use power for nothing. Bitcoin will drive an energy revolution unlike anything we have seen so far. This is not hyperbole. And I am sure some of you poker players have already seen it. Bitcoin creates a power consumer base layer. Most of the time we think of power as something we do not have enough of. Something we all have to share like a pie. But there is more atomic energy in a single penny than we can really imagine. But I will help. The energy in one US penny (3.1 grams of copper plated zinc) is FOUR TIMES the amount of energy released by the bomb that was dropped on Hiroshima. We have more potential wind, solar, nuclear, and yes, hydrocarbon energy available to us than we could use in millions of years. The problem is it takes WORK to build the systems that produce the energy. And work is the distilled value of human lives. If you were to build a large hydroelectric energy source, or a nuclear reactor in MANY parts of the world where this is a REAL NEED for energy, there would not be a demand large enough to justify the expense. So there are places all over the world that NEED energy, but do not have it. Bitcoin fixes this. Really. Because NOW we can build a dam that serves a area somewhere in the world that is starved for power. But it's OK that there re not enough power customers to make the dam profitable! Just rack up a pile of bitcoin miners!!!!! THEY can pay for the dam. And then you have abundant energy for the surrounding villages, which will grow to out compete the old bitcoin machines for the power that resource produces. Bitcoin will revolutionize the energy markets. There is no way it doesn't. ...if the better panels were not restricted. it is coming maybe 5-10,years. restricted by whom? import restrictions or some kind of safety regulations? Hey, Phil, did you know that Blockstream bought Spondoolies? ...memories from a while ago. |
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What is this?
jjg: "I already disclosed that at one time in recent history I had achieved 3x that level [meaning 3X0.21btc=0.63btc or $30Kworth] (whether I can hang onto them is another story), so we can continue to work our way up in terms of our level of stash and we can only do what we can do."
Why would ANYONE believe any of your utterances when before you referred to yourself "I am rich as f-k" (somewhat cringeworthy, i know).
The only way BOTH of these statements could be true is the situation that you either squandered all your prior btc or you sold most of it for the stupid fiat.
I think that there is a third possibility: you are are making it ALL up and forgetting what you said before.
finally, it pretty much means that you hold mostly fiat (in a best case scenario)...then why you keep giving us long lectures about "peepeared (sic!) for uppity" and "under-investment"?
in a worst case scenario..it is all a bunch of "imaginary" situations on your part.
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Foreground is Bruce Banner. Almost done. ( I'm new to auto flower, so its weird seeing mature buds this early.) Background is Gorilla Glue ...barely started budding, probably ready mid/late October. Damn shadow unavoidable. Sun at my back.  GO BITCOIN  sirazimuth is "TARS" from Interstellar irl..the shadow reveals it  . |
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S2F is ONE of the possibilities or a hypothesis (a pretty good one).
This cycle is a test of the hypothesis-and on balance it looks good so far.
It is not a religion, at least not for me.
However, for some one-dimensional creature(s), yea, go ahead, be a zealot.
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First shot at blasting past $50K was a head fake. Let's get one more head fake in there to let the bears feel empowered before shooting to a new ATH. I'm guessing within 45 days we'll be seeing a >$60K Bitcoin as it shoots past the former ATH headed straight for $135K by December... At this point, I would honestly be surprised if this isn't what we see happen, as everything is falling into place perfectly the way it seems to magically do every 4 years for the market to see a massive bubble with a blow off top. Makes you wonder if we're really witnessing math or manipulation.
both? manipulation via math (sticking to S2F or any other trendline)?  Both the numbers and time lines are possible. |
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RIP Charlie Watts (for those who know who he is).
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Buying a Nintendo for $5 is a good example of why people are still willing to spend their bitcoin when they know the price will continue to go up.
If people are not willing to part with their money knowing that they can get the same product for less later on then why did anyone buy a Nintendo for $150 when they could have just waited and paid $5?
Why are people buying PS5s above retail value (current going price is about $700 while it is sold at stores for $400)?
time preference, maybe, if they can't find it for $400 readily. I still did not buy 3080, though; albeit I would like to buy it, I won't pay 1.5-2x for it in principle. |
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Someone being "bitcoin whimp" in the past is OK and would not matter in the slightest when btc would be at $0.5mil (gold parity) if you started smallish and DCAed for a while. One the other hand, 'front-running' the whimp could be sweet too In order for gold parity to come I believe the gold market will tank real hard so when it happens the market cap of gold will have reduced massively, like 50% for example. Due to this it will happen far quicker than anyone realises as gold races down in price while Bitcoin rises at the same time as people pull money out of gold and put it into Bitcoin. At some point they will meet somewhere in the middle and it will be way lower than half a million a coin. I'm going to name this 'The Bitcoin/Gold Cross' - when it crosses the gold market cap.... It very well might happen and btc and gold 'meet' each other at, say, btc 250K instead of ~500K. If that happens, though, I don't think that btc will stop there  |
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accept bitcoin..and prosper fight bitcoin..and experience severe economic hardship of the population in 5-10, maybe 20 years max...how long do you think thy can print fiat without affecting the bond market? |
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jjg, you got it exactly backwards...as usual.
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Can bitcoin fix Onlyfans?
I wonder what J. Mallers would do?
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 its been fun  weeeeeeeeeeeeeeeeeeee you mad, bro? |
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Someone being "bitcoin wimp" in the past is OK and would not matter in the slightest when btc would be at $0.5mil (gold parity) if you started smallish and DCAed for a while. One the other hand, 'front-running' the wimp could be sweet too |
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It's Penny Stocks 2.0 all over again.
That's where the old wall street guard has been trying to take it for awhile now. Pump & dumps and the 'naked short' and 'stick it to the man' revolutionary narratives organized by fraudsters that ran rampant in penny stocks just repackaged for a new set of rubes that think they are geniuses when they are just in a bull market. All I can say is I'm glad I found this board awhile ago. The thing that went down with GME is merely a foreshadowing of the hard destruction that awaits people who try to abuse a system that has no escape valve. Care to elaborate? You mean over-shorting, hypothecation, etc? |
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Gosh, some people (or entities) on this board think that if someone posted that bitcoin can go lower means that he/she is shorting.
Get it into your algorithm that some people can hold or balance several potential outcomes simultaneously (contrary to your one-dimensionality) and act (or not act) accordingly.
I guess, you sold a bit based on my fleeting opinion? Don't listen to me and don't read what i write.
Besides, I already told everyone here that I don't sell bitcoin anymore (no need)..only slowly accumulate via mining and alt sells.
I also said that my shtick in the future would be to borrow against btc so there would be NO cap gains due to the incoming US cap gains tax bacchanalia.
..so, your digs, Bender-boy, sound just laughable to me.
Like a stupid joke.
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I went broke 'cause i always secretly followed the "buy the downtrend, sell the uptrend" strategy. /s That said..here is an interesting video. I am linking it at a little spiel about 'accredited investors' and SEC preventing people of investing in startups. They only allowed regular Joe Blow to invest in FB when it was already at the 100bil valuation. https://youtu.be/sXKoJhDW3bs?t=1344 |
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"We spent $2.26 trillion over 20 years in Afghanistan which has a population of 37.5 million which is $60,267 per capita. Afghan per capita GDP is about $500 by exchange rates and $2,000 by PPP (purchasing power parity). If we use the higher latter number, we could have provided 30 years worth of income for every single person living in Afghanistan instead of 20 years of war, or more than doubled living standards by 150% for 20 years. Another perspective, at 4 persons per family, we could have built each family in Afghanistan a $241,000 manson (a new apt in Kabul costs say $25k). The irony too is that the CIA started the Taliban to fight the soviets. Anyways, what an immense waste, normal whenever gov. touches anything." https://www.zerohedge.com/geopolitical/taliban-official-confirms-no-democracy-afghanistan-council-will-likely-rule?commentId=27fdc2c6-0b3e-4f01-a91e-59357831d0e1almost the entire cryptos market cap  I have a theory that if a nation's enemy were to pay every person between 18 and 40-50 to not work for a decade or so, you would destroy their economy and it would likely never recover as there would be a cultural shift based around being unproductive. And some people actually want to do that to their own nation. I am sorry, but we have tens of millions of people in US alone going to work where they do something that is either redundant or NOT even needed and this trend will accelerate (read Jeff Booth). What would we do when AI can do true expert work BETTER? What we are going to do about all those truck drivers IF self driving would truly develop? These are huge societal problems. No wonder there are so many unhappy people who only live outside work and are very unhappy at work. In addition, those who still like working are being burdened by constantly increasing regulations, necessary reporting forms (remember TPS reports, lol), etc, etc. Sometimes I tell my SO-"well, maybe I should stop working?" and she says: "you would get bored in 6-12 months" and it is true, but right now I mostly work to 'energize' myself, get out there, have some challenges, etc. etc. |
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Tethershit coin is a threat to financial stability. The whole thing is basically a scam, its not 1USDT=1USD, at all. If it was then Outstanding Tether = same number in USD cash. It is not.
USD cash in tether is about 2.9%, add fiduciary deposits = 21% of the total.
Here is the breakdown with my analysis
3% actual cash + fiduciary deposits = 21% USD
12% is "secured loans" == They bought big houses in the caribbean
10% precious metals/corporate loans == They bought Gold and stashed it
1.5% shitcoins == They bought shitcoins to pump and dump
5% TBills, reverse repo notes == could count as cash but interest bearing
AND roughly
50% Commercial Paper == +30 Billion == I will admit there is 1.1 Trillion outstanding in commercial paper, however that is close to 3% of all the outstanding commercial paper in the US.
Add USDC, maybe 5% of all commercial paper is held by usdt+usdc
If crypto market goes x5, stablecoins x5, then 25%...you get the picture. Commercial paper is what enables you to have a paycheck at the end of the week by the way.
my2satoshis
This complaint is not really all that valid...plenty of money market funds with all kind of 'strange' collateral. Nobody says peep squeak about them, however, I never buy those, only Treasure money market (losing a bit on the yield, of course). There is NO collateral quality difference between USDT and USDC, imho. I have much less USDT than USDC though, so, I guess, I was affected by FUD. |
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No, many people have him on ignore.
Not those that count. touché. |
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