Indeed, someone already locked it. yep, our cover is about to blow. they will soon know that we are actually only 4 methheads in a Luton basement with 20 alt accounts each. I told you that this obvious attempt to gain those precious merits will fail. soon we will have to revert back to painting road signs. |
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To add to my last post and probably my last for some months. You can't just delete this thread. This is part of the history of bitcoin. Reading back into this thread, it is like a wonderful time machine to the different state of mind and evolution of bitcoin over the years. Historians will one day spend years digging through this thread to understand the evolution of bitcoin in the minds of early bitcoin HODLers.
that's the spirit! quality power lurkers we need! merited.  edited |
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I don’t think you can use the word „dominance“ for something that has no dominance. It has either to be more than 50% or it has to be the way biggest of lots of small contenders. Bitcoin is both, eth is none of these.
Soooo.... you should re-name it into ETH-inferiority
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<Snip>
I don't think you should be posting in here dude. I mean, don't you think it's hypocritical? maybe he knows what we know... that one day satoshi will re-appear and will convert all our merits into bitcoin, 1:1. Except jbreher, he will get bcash instead. |
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Once more for the people in the back...bitcoin cannot sustain prices greater than $10k. It's nothing more than a fantasy. Proven by science and maths.
confirmed |
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Always fun to see new guys taking Proudhon serious. He is probably the most loaded OG in this thread.
confirmed. ( Proudhon trolled so hard (and efficient) back in the days that he singlehandedly almost make me panic sell on one occasion. iirc he even got quoted on some regular new site. he would post links to Chinese websites that were reporting about bitcoin related stuff but he would give a false translation. he is showing up to give us hope. if you want to show some respect to his posts, comment with) confirmed. |
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so the month of August could turn out to be one giant bart?  russia banning crypto? I wonder why bitcoin fell also under that ban. so it is the Russians who had secretly developed btc with a killswitch and soon the are gonna destroy the u.s. and Chinese currencies. /s |
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do I get this Breedlove guy right? he says that the only thing that is really scarce in our live is the time we are on this planet. the only other real scarce thing on earth is bitcoin. he wants to get paid in bitcoin, being as scarce as time itself, when he works, and not in fiat which isn't scarce at all and loses value constantly. when you get paid in fiat you get robbed time that you put into working, because the money they pay you devalues over time. what would a central banker answer? "your life evaporates through your fingers while you try getting a grip on it. why not get paid in something that evaporates in the same manner? it keeps you running" https://poddtoppen.se/podcast/1359544516/bitcoin-audible-previously-the-cryptoconomy/masters-slaves-of-money-by-robert-breedlovegot me thinking... The Time vs. Money Dilemma, my friend. I am about to share something I found worth reading even if I do not necessarily agree with everything that's written inside. You might find it useful https://jamesclear.com/value-of-timethx for the link. interesting exercise. how would a lottery winner that has quit his job start to calculate this? |
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do I get this Breedlove guy right? he says that the only thing that is really scarce in our live is the time we are on this planet. the only other real scarce thing on earth is bitcoin. he wants to get paid in bitcoin, being as scarce as time itself, when he works, and not in fiat which isn't scarce at all and loses value constantly. when you get paid in fiat you get robbed time that you put into working, because the money they pay you devalues over time. what would a central banker answer? "your life evaporates through your fingers while you try getting a grip on it. why not get paid in something that evaporates in the same manner? it keeps you running" https://poddtoppen.se/podcast/1359544516/bitcoin-audible-previously-the-cryptoconomy/masters-slaves-of-money-by-robert-breedlovegot me thinking... |
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[...]
I am the worst trader in the world and I do recognize it now.
[...]
Almost every trader is the worst trader in the world. The rest are just lucky. Don't trade, just HoDL.never trade. you are competing with smarter guys, with deeper pockets, with way more experience and knowledge, them being interconnected but you aren't, they don't play fair, they know everything, you know nothing try to win a match of tennis against a top 20 professional. or a game of chess vs a grandmaster. it would be fun, but would you put meaningful cash on yourself winning? |
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very nice collection of lots of important tweets. I enjoyed them. can't find any toxicity in those. If bitcoinMaxis weren't around, bitcoin would now be bitcoincash or bitcoin2x or whatever. the fact that the bitcoins you hold have value and were not compromised by clowns has to do with this as well. |
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we worked our way back from 11155 almost to 11400. if the current 2h candle could get painted green in the next 20 minutes, that would be great. same with the ugly 4hr candle. 20 min left to turn this into something nice.
note that the dollar was stronger vs the € today and gained value. unfortunately that coincides with BTC going down.
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nice lil crash. the day had some potential. all in ruins. bitcoin is ded.
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there is a chance of bitcoin price taking another dive if it happens that the stock market crashes in October or so. Other than that I see btc only going up. if I were you I would pour in 50% of what I want to invest in btc right now and the other 50% I would distribute over a 6 months buy 1/6 every month (Dollar-Cost-Averaging DCA).
that should provide you a smooth entry in to the market.
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there is this problem with inelastic money supply when it comes to a growing economy: if there is not enough money in the system it will slow down growth or even prohibit it completely. in that way gold became replaced first by supposedly gold backed money in the 18th and 19th century and since beginning of the 1970ies it became replaced by fiat money, not backed by anything.
this is why Keynesians don't like gold so much and are scared by bitcoin which seems being even more inelastic than gold with its fixed supply. Keynesian policy done right would mean that in bust cycles, when the economy is going into a recession, the government should step in and provide the stimulus through deficit spending. it would further mean to stop the stimulus as soon as the recession is over and then proceed to cut expenses and start saving when the economy swings back to a boom cycle. and this is what all governments and central banks did not do. in opposite they kept throwing out stimulus even bigger and faster, and did not safe anything to survive the next bear cycle.
Keynesian policy works much better in a crisis than austerity measures but its not Keynesian to keep spending flood gates open even in boom cycles. This way it creates inflation inevitably and the central banks even try to produce a 2% inflation p.a. which means after 20 years about half the value of your money is gone. (stolen by those who manipulate our monetary yardstick aka money.)
bitcoin is way better than gold since it exists in a digital form it can be easily split in 100s of millions of units. one bitcoin = 100mio satoshi. if is not enough elasticity there can be added more digits behind the dot.
fiat money can only answer to elasticity demands by producing more of it. the numbers in front of the dot get bigger, which means each unit gets less valuable = inflation
bitcoin can only answer to elasticity demands by dividing further (this is NOT diluting). the decimal point numbers (behind the dot) gets smaller, which means each unit gets more valuable = deflation
gold was sacked because it was inelastic in times of bust&boom. other than that is was a good sound money. bitcoin does not lack this elasticity even though it is scarce because it can be elastic "inside" - on the right side of the dot. bitcoin is the best money mankind has developed so far.
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alle BTC ATM´s in Deutschland zu verbieten. hamse bestimmt vorher bitcoin geshortet...  ich glaube kaum, dass das den Bitcoinpreis auch nur im geringsten beeinflussen würde. deswegen der smily.  |
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