Can we keep climate change FUD (directed to Bitcoin - FUD) out of this thread, please?
This is part of another social media FUD campaign. I see the same lines copy pasted all over facebook, twitter, reddit, and now here. Obviously some wannabe shorter manipulators got a rusty pipe in the asshole, when Tesla bough bitcoins. Now their rage against Elon Musk is completely understandable. "Tesla signed a green energy thing, and now Bitcoin mining, ue, ue, ue"  The other day the same twitter account started fake tether and mtgox fud, before that feds ban, india ban, etc. Just lol. So much money paid for these accounts with millions of followers for nothing. Let them shorters burn in the eternal hell of Bitcoin ATH's . (For us this is the heaven of course.)   |
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Normally i just watch the talk but this is a case where the term "understanding" is way way misused.
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Dont worry. In 1 or 2 years at most, ETH mining will be done.. so millions of GPUs will be turned down. All your "problems" will be gone. You'll have the perfect world you had last years. (kids playing AAA titles, people upgrading PCs, soft studios making money, hardware developers making money,.. and the heat will be gone.. what a wonderfull world!) I wouldn't bet on that. This narrative was from the beginning of ETH. Besides, miners and circles related to nvidia&amd can pump any coin to be profitable, so I really don't think GPU mining will end soon... or ever. Besides, it is a very efficient means of heating in the cold months. I have the same kw/h consumption for either gpus farms or AC's for my whole appartment. So I would prefer mining even with a 90% loss. And I did it in the last 2 winters. Now that "loss" turned to be a 20x profit, which currently is equal to 10x of my monthly wage. I buy any available 5700 card, but it is so hard to find these beasts now. |
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The sky outside is clear and blue, temps around 20C. Very nice for a Winter The same applies for Bitcion. The sky is clear of FUD, and Bitcoin shines with all its glory with a promise for a very hot Summer. While before there was some fear of a ban from the feds, now this looks improbable. With major companies and hedge funds into Bitcoin, any legal action against Bitcoin could bring their shares down, which may lead to many negative consequences for the US economy. The news are reporting the latest developments, and expecting more companies to join soon. The comments from the ignorant nocoiners after facebook and twitter posts show their utter dismay. They thought Bitcoin is a ponzi, but now suddenly it becomes a world recognized store of value like gold. Surprise, surprise! Meanwhile Bitcoin is climbing to a remarkable milestone - $50K. Yep, and Summer is coming!  |
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Good morning everyone! What a beautiful sunny morning and this price - 48K! It really exceeds all my expectations for this time of the year, when the market is usually dormant! With all the good news about Paypal, Grayscale, Microshares, Tesla, etc., no wonder we are here, despite what happened in March last year (poor mindrust). As Michael Saylor noted in this interview: Tesla $TSLA has de-risked the acquisition of #bitcoin by public companies and accelerated the digital transformation of corporate balance sheets. Treasurers are now thinking about how to convert a non-performing asset into the best performing asset.": https://twitter.com/michael_saylor/status/1358867027289649152He was the first institutional preacher, who realized that despite the occasional 50-80%-ish drops in the price, Bitcoin still appreciates at least 2x per year. Now that more companies are joining with 10% of their free cash, we can expect that any price under 100K is too low. I used to think that under normal retail mass adoption, there is a point in selling something in that range. Now I believe that 50K-120K is a dead zone, no point in selling there. And by selling I mean buying a real estate which will not depreciate. Anyway, with the support of institutions which are investing at least 10% of their capital, the chances that we reach prices above 200K untill the end of the year are pretty high. And the odds of getting another 80%-ish drop after that are much slimmer than before. The institutions know how to defend their investments, and they would invest even more instead of selling, in case the price temporarily drops below their investment point. |
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I don't think this changes my proven analysis one bit. The complicated math doesn't lie, and I'm as certain as ever bitcoin will be worth much, much, much less before the end of the year once this fever breaks.
Yes, finally! I've been waiting for this. Now I am sure, we are going to end this year above 100K, possibly above 200K. |
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 The latter applies for the trolls, shorters, mindrust-ards, etc. |
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The shitcoin names and pumps will be forgotten. This reminds me so much of 2017. We can barely recall the names of those get-rich-in-a-day shitcoins that after 1-2 week pumps crashed and lost 95-99% of their value. And like then, I see so many complete n00bs coming here to shill, not knowing they soon all will be heavy bagholders of shit. This will happen again. It is only a matter of when, not if. People tend to make the same mistakes over and over again, including the famous rocket genious but both covid- and bitcoin- idiot - Elon Musk. It is never too late to invest in Bitcoin. Only the stupid peeps think that the price is too high and this is the end of the road. The reality is that most people are not well informed and thus the mass adoption is at its very beginning. And if now only a few institutions are joining the race and this has an obvious impact on the price, then what will happen when most of the people and the institutions are well informed and take the right decisions to invest in Bitcoin? We see now how immature are the reddit n00bs who really believed nobody can stop them. Every OG Bitcoin holder knows many examples of similar behavior of dubious exchanges like mtgox, bitmex, okex and many others which shutdown the servers in case of "emergency", liquidating long and shorts, etc. It was clear that a similar manipulation will happen at the moment when the retail investors start winning big money. It is like playing vs the casino, which has many ways to rob the clients. I'm saying this, because it will take some time for those n00bs who have some brain to figure that out and realise that the only really decentralized winning investment over the years to come is Bitcoin and Bitcoin only. Some of them will read Sathoshi's whitepaper and good books and get a deeper knowledge which will build a strong conviction and faith. And this is quite different form the hazardous get-quickly-rich-and-run thing. As it is said in the Bible - the righteous will live through his faith! |
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i give 10 merits...
edited, stopped offer...
Dang! its almost as if I have no incentive to share a few good working blockchain projects anymore. Cardano - the amount of research behind the project is insane! Polkadot - Its outperforming other cryptos for a reasonChainlink - Putting non blockchain info ON the blockchain. Cosmos - Blockchain interoperability that works, need I say more? jesus, i wasn´t inviting brainless shitcoinery with my post. i was genuinly searching for viable, innovative blockchain products. you just listed a bunch of scammy retarded vulgar, vomit inducing bullshit and i hope it was satirical. Blockchain is being used also in various scientific projects and peer review journals. For example https://www.labroots.com/trending/cancer/14933/blockchain-cancer-tech-changing-research-treatment |
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This is the main delusion of the nocoiners. They keep saying - is this real money? Can you see them? Can you have it in the bank? I've been asked so many times these questions. I see a lot of similar comments under facebook posts related to Bitcoin. I think this is a sign that we are still very far from the real mass adoption. On a more personal level, I have many friends, but only 2 of them know about my investment in Bitcoin. They are the best friends in the world and they helped me many times in my life, so I can trust them. One of them made some profit based on my advices for Bitcoin and is preparing to invest a more significant sum. I also have a show-off friend who likes to impress the waitresses with his fat wallet. Well, my wallet is fatter but not with paper money, I have over 10 credit cards, which I can connect with some of my Bitcoin stash in a matter of 1 minute if necessary. So, yeah, this is the real money, but not many know this for now. |
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I can imagine a new hollywood movie coming out later this year. The plot would be: "How a bunch of nerd gamers almost crashed the world economy. Thanks to a misteryous call, the infamous robinhood platform prevented the massive short squeeze and saved the Wall Street brokers from bancruptcy. This will be a lesson for all shorters for the times to come.."
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Can someone explain why that is so though? Can't exchanges similarly just "stop" people from buying bitcoin? I get that people can still do P2P transactions, but what happens if the "big" exchanges treat bitcoin similarly as RH did, restricting the buying...what happens then?
If "big" exchanges decide to unilaterally stop BTC buying, it is those exchanges that will die not Bitcoin. Unlike the ledger at the Depository Trust Company, Bitcoin's ledger is global, open and democratic which makes restricting access to it - by a handful of powerful entities - incredibly difficult. Spot on! We see now why SEC is so afraid of Bitcoin and denied all ETF's so far. They have power over stocks to shut down any platform or exchange if something goes wrong (i.e. Wall street bleeding), but not with Bitcoin. Which shows their utmost hypocrisy - the argument about manipulations applies only to themselves! |
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Imagine what would happen when a reddit/WO group with hundreds of millions of people arises in support of Bitcoin. First target - $100K, next - $1mil! And then Wallstreet will collapse for good! |
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It must be so sad and depressing to be CSW... He has benefited so much from Bitcoin, he has so much money he can do anything he wants, and yet he is consumed by hatred, envy and bitterness, suing anyone and everyone who opposes his absurd claims, wasting time and energy supporting BSV and other pointless projects that will soon be forgotten.
He must be a deeply unhappy and unlikable person. I'd rather be a beggar on the street than be him.
So sad. Just goes to show that money =/= happiness.
Well, he definitely doesn't have 1mil BTC's May be he is bitter because he is a nocoiner?!? |
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... he ruins another coin for me.. 
