I am calling my snake (and a virtual one at that) Zuck...seriously, who gives a f-k? Can't he keep this to himself? TMI |
|
|
|
But I have learned my way through their system. I will be ok here.
I am coming to the conclusion that in the future it may be best to be able to defend your home/property yourself. I could either buy vast acreage and build a fortress, or buy an island that is easier to protect as the only people coming will be coming by boat...which can be defended against.
The hard part will be getting good US beef cattle onto the island so I am ready for when they start making us give up meat and eat cockroaches.
*nod* Look to Catalina Island for herds of buffalo, that can work and those things are tasty as all get out. I don't know, I think Rand may have been onto something with the concept of Galt's Gulch: Keep hidden and just let the world fall apart or not as it does. I haven't given up on the world yet, but when and if I do, I hope there is a place to go other than retreating inside my mind.... Pretty well spoke, pal. Personally, I am not really patriotic -left country #1 to pursue my career dreams in US, but I am also not exactly like the nomad capitalist dude-"always go where you are treated best". There could be a balance of sorts. That said, the future is both very interesting and bewildering at the same time if all trends continue to their logical resolution. Should I go back to where I grew up, stay, or go somewhere else? Decisions, decisions. One thing is clear to me-the current quality of life (at least for me) is shitty, mostly due to covid, but also thanks to endless political bickering, politicization and overall being at each other throats in US especially (read upon an epidemic of actual fights in the airports). I am so f-ing tired of it. Just today, driving, got cut multiple times on my lane by people who are not signaling a lane change. A small thing, i know, but how did we suddenly became a nation of so many assholes? me..me...ME, always. Re politicians, if it was up to me, I would institute a 4 year maximum for any politician to serve with a nasty twist: after you served your maximum term (4years), you are busted down and can be hired ONLY at the starter job (do UBER driving or teach in a elementary school-to get your balance back). Overall, life is but a dream (that someone is dreaming). |
|
|
|
|
Not about bitcoin (mostly)...Get ready for some popcorn munch.
B. Silbert (the one of the negative GBTC premium fame, lol) declared that he went short doggie coin.
Well, oopsie daisy, but he ($1.66 bil worth) is not a match for Elon (166 bil worth) and the "army" of fans.
Barry is another Melvin, perhaps.
Why bother, anyway?
Maybe i should buy some doggie coin...
...nah, but it would be interesting to watch.
Barry better use more of his funds to prop GBTC instead as the "premium" is deeply negative already.
|
|
|
|
My first thought was that this dude looks like CSW so it took me a while to make sense of this meme. I'm still not sure I can. Not a good vibe..bitcoin is compared with a possibly plastic surgery transformed T. Cruise (or lookalike)? Naah. |
|
|
|
I can't believe that people still pay so much money for diamonds. It's possible to create synthetic diamonds which cannot be distinguished from real ones.
Sighs...they are not paying for it being sturdy, but for it being a unique object among the natural diamonds. This kind of things WILL be popular among bitcoiners (when btc is at $1-5mil/btc...). Putting a bit more thought to it, I propose to call Finney's $10mil price Finney's conjecture or Finney's limit/ceiling (Hal's limit/conjecture/ceiling works too). At $10mil per "big unit", that diamond is "just" 2btc-a good present for someone's round birthday, anniversary, etc. if you only need/want to do it once and then keep it in the family. Good packing of value in a small volume too. |
|
|
|
|
OT, but tangentally related...now another coin is da thang and has many connections with bitcoin and it is mineable (sorta).
If you can't find any large external HD pretty soon....blame it. It is already happening as I was shopping for a 18TB drive (they are gone until late may, June or cost twice as much as the week before). I can't believe that this is happening again together with the GPU fiasco. Quite a few former/current bitcoin miners are getting on it now.
Bram Cohen is not nobody, albeit it might collapse just as Grin did.
My interest there is purely technical-an interesting way to mine and it is not cough-filecoin-cough which was basically all sold to the rich or very rich (like Novo and Winkelvoss crowd). NO ICO here, just mining from 0+reserves (50% in eventuality) that they promise not to sell, but to allow institutions and countries (??) to borrow.
You will be hearing more about this one, I am sure.
EDIT: btc pops to 58K...nice.
|
|
|
|
|
Picture a mouse and an elephant.
Picture how much a particular person contributed to bitcoin success (via promoting mining, teaching people how to do it with detailed know how, reviews, etc, etc.).
Then picture someone whose contributions are mostly endless diatribes about minutia.
Now, let me propose that @philipma1957 is the elephant (for those in the know in the broader community) and @JJG is the mouse.
Then, picture a mouse telling an elephant that it is mad or less mad at it because of some blah blah (whatever).
The funny thing is, irl elephants are afraid of the mice.
They shouldn't be.
Finito la comedia
|
|
|
|
is this canadian or australian, singaporan, or hong kong? Around here, we use gallons, but then liters, not litres. In TX, it is (in USD) $2.68/gal=$0.71/liter I know that it is pretty cheap comparing with EU. |
|
|
|
ETH will rise (perhaps a lot) because it is still the Smart Contract/Token platform. But over time people will realize that Bitcoin can do ALL THAT on sidechains without crowding up the base layer with cryptokitties. Boom use case destroyed.
ETH is going to 10k, then 20k. It will stick around because they won't let it die and some institutions are buying them already. Plus it has the wierd (if it's considered odd) thing that it uses 18 decimal digits after the point. The coin is fundamentally different and it isn't a fork of BTC, but it does use a blockchain. If one can get some sort of UniSwap equivalent to run on top of Bitcoin, then ... ETH is going to go away. well, we have Liquid and we have one chain (that shall remain unmentioned) that is trying to put executable contracts on btc. DEX would be next, that's correct. Hey, did anybody invest in cumrocket (I kid you not) for funzies? lol...or rather WTF? |
|
|
|
|
Secure 2 act is bipartisan, so it WILL happen this year.
As I said, this is to prevent boomers to sell stocks en masse to withdraw RMDs.
After boomers leave this world, descendants would have to get distributions from inherited IRAs in only 10 years (accounts would have to be zeroed out in 10 years), so gov would recoup taxes fast, a pretty "slick" move.
|
|
|
|
Last bear market the price tanked from $20k down to $3k, that was brutal.
That $17k drop will drawf what we will see next bear market.
Prepair yourself mentally for a $100k-$200k bleed.
I don't day trade but going to trade this one and it will be glorious.
This is going to be fun, trying to sell high as possible which is only a ''luxury problem''.
Down 100k from $500K will not really sting  |
|
|
|
The fact that the Fed is saying that they're ok with runaway inflation means that every asset class will gain value from now until they stop pumping tons of money into the economy and finally raise interest rates.
yea, I recall discussing it here a while ago. Now-assets. When the "official" inflation peaks at 15-20% (within 5 years in my estimate), convert part of assets into long term bonds and "cruise" for the next 20-30 years. |
|
|
|
What the hell is this Bitcoin diamond BCD???
Wrong thread. Check the shitcoin scam Ann boards. Of course it is... but who in the world pump their trading volume from $42m to $373m in few hours. how many people are now in those types of "CMC-entities" (for those who dislike the term c-o)? maybe it is 100 mil, but could be several hundreds of mil people. So, what's $373mil? It's nothing. As I said, my normally down to earth colleagues are doing it, my son's friends are doing it (coinbase+robinhood, yes, this does not explain this particular one, but I digress). A tidal wave is happening and they are going for the cheap stuff (hopefully, just initially). |
|
|
|
|
I have a somewhat different explanation to what we are currently observing:
In Dec 2020, imho, we went through something like a phase shift (from mostly geeks or computer professionals) to masses.
Something similar occurred during 1997-1998/1999 transition in Internet stocks.
I will give you an example-in 1997 and early 1998 there were a bunch of Internet search companies: Yahoo, Excite, Lycos, infoseek.
Yahoo dominated by a lot and the rest had very low $ value.
Then, as the internet hype began, they started to re-price even the lowly one's, which was a complete surprise to me. They began trading at multiple billions.
Of course, later google came in and conquered it all.
My point is, I think that in Dec 2020 we underwent a similar transition and they are now pricing former losers to a much higher market cap.
We had btc forks at 0.5-1%, now they move them to 3% and because btc market cap is so huge, this resulted in hundreds of %% appreciation for basically junk.
Do you think that average Joe can figure this out immediately? No, so bitcoin whatever forks feel cheaper than bitcoin, same for the rest of them, but note that the most rallying right now in % are forks, not even something more or less original. How long will this last? Who knows, everything in cryptocurrencies happens much faster.
Internet bubble was in full bloom approximately 2 years: from Spring 1998 to spring of 2000. Of course, those stocks rarely went up 50% a day.
At first I thought that they (s-tcoins) are all about to collapse, but it all depends on whether we are in the hockey stick situation or not.
If billions or at least hundreds of millions of people suddenly decide to rush in, the stick will continue for a while.
Anecdotally, as I mentioned before, my co-workers are starting to share their fast "wins". It could snowball fast or really fast.
Additionally, instead of focusing on a leader (btc), marginal hedge funds sometimes focus on individual "players" and try to generate some alpha there. There is already one fund that is almost explicitly focusing on an alt blockchain and "pushed" it from $2 to $45 in four months. I have no idea re the benefits of that unnamed network, but the fact that someone is 'sponsoring' them is very well known. It was not retail, at least initially.
Last time (in 2018), we went down to 33% dominance before reversing back and peaking at above 70.
Something similar might happen here, unless some really big money starts a serious btc allocation and I don't mean measly 10-100 mil here and there (per fund).
In any case, btc is easy-you buy and you hodl.
In the rest the question is when to sell, which is almost impossible to pick correctly.
|
|
|
|
It seems like each purchase would technically be a taxable event.
unless they pass a law about de minimis exception in US, this is pretty much useless, and the same with gemini card as well. |
|
|
|
First new PC post
Cheers, writes smoothly
ha, I just got a new one as well, did not open the box yet  |
|
|
|
bitcoin numbers...very succinct (the whole video is interesting, but I am posting the end with final numbers): https://youtu.be/8j44WEhjshw?t=948TLDV; 3.3btc to be in top 1% of the current holders, 0.03 btc to be in 1% of the whole planet earth population (not sure how he got it because not everyone owns it), 0.2745 btc possible per millionaire (if all want it). |
|
|
|
btc is flying Sideways flying  I can dig sideways, it is down that i particularly dislike. OT: re doge (historical dog-deities.. I or anybody else don't imply that they are an actual g-d at all, just some cultural artifacts): https://www.dogster.com/lifestyle/dog-godsWho or what are the mystery people behind doge (5 wallets control 40% of supply)? I am getting curious. If they are scammers, then they will dump en masse on coinbase addition because this is when the liquidity will be at it's peak. If they don't dump, it would be interesting. |
|
|
|
|
yep (to @El duderino_)...
anecdotally...people at work started to tell me how well they are doing in "crypto"...they bought in March-May.
One conclusion I make from this is that Coinbase (also robinhood and paypal) would have monster earnings this Q (if trend is at least stable).
Therefore, COIN might be a bargain here (i thought that i would never say this)...buying slowly in ret accounts.
OT: Aiming in part to protect the stock market from retiring stock selling boomers, Congress is about to pass the Secure 2 act...you will not have to take mandatory distributions from IRA/401K (in US) until either 75 y.o. or never (if you have less than $100K). They intend for you to pass it to your descendants and then they will tax the s-t out of them because they have to dispose of all money received from mom/dad IRA in just 10 years. A pretty cunning plan, actually.
|
|
|
|
What will happen to btc price once they (exchanges) run out? Someone calculated that projected time for that is 122 days or so
 people always post this retort bs, but we all know that after summer comes fall, right? it's not like suddenly, you get winter immediately after the summer, so some trends or patterns exist. In any case, there is another rule (that is proven to be correct): the longer the trend persists, the more likely it would continue. The trend of declining btc on exchanges is already continuing since Jan-Feb of 2020 and is only accelerating, so it is quite reasonable to expect eventual btc depletion (on exchanges), maybe not to zero, but to a sufficiently lower number to cause high volatility. Scarcity means higher price, higher price means more people are willing to sell their bitcoins, more bitcoins flow to the exchanges, new price level established, and so on. It's rather basic economics really. actually, NO.....read upon Veblen goods. Btc is a clear Veblen good...and it is declining on exchanges as i posted (since Jan 2020) all the way from $8K to today's 57.5K in price. I guess, it is economics 201 and not basic |
|
|
|
|
Show Posts
