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6841  Bitcoin / Bitcoin Discussion / Re: What will a coin cost if the USA abandon the US dollar today and switch to BTC? on: December 01, 2021, 12:19:12 AM
$10,000,000 per Bitcoin.  Likely even higher as much of the Bitcoin supply is ghost supply that will never again be accessed, plus fomo.

However, as others have stated, this will never happen.  There is so much debt and liability out there, not to mention greed, that the government will be able to keep those printing presses running long after any sensible person would have gone onto a new plan.  Nothing short of a war will change the dollar I fear.  Not even a president wanting to make the change can have any effect (see: JFK & Executive Order 11110).
6842  Economy / Trading Discussion / Re: Diversifying Your Portfolio in Crypto on: December 01, 2021, 12:05:40 AM
True. Diversification is a strategy and like all strategies these have to be moulded to each individual. There is not point buying anything you see just for the sake of being spread in shit markets. Wise choosing still applies.

Some people understand the word 'diversification' by exposing themselves not only to traditional markets in stocks and shares but also in the suit of strong projects in the crypto space. This is true diversification - or at least the way I see it Grin

I think diversification goes deeper then just your holdings as well.  Income should also be diversified.  If you're investing into the crypto space for example, you likely don't want your entire investment based on buying and holding.  You might also want to purchase some miners and mine Bitcoin, as well as some GPUs mining altcoins.  You may want to advertise for services or sell your own products.  You may want to stake some altcoins or provide liquidity pairs.  You may even find yourself investing in DAOs, creating NFT collections or building projects in the metaverse.  Going outside of crypto this same thing can apply.  Most people buy stocks and bonds that pay dividends, but they could also be selling covered call options for additional income, or buy real estate and rent it out in addition to having a regular job.  There are so many ways to diversify yourself.  Do yourself a favor and do them all.
6843  Other / Politics & Society / Re: Concerns on new covid variants. on: November 30, 2021, 11:53:00 PM
My understanding is that the new strain of covid is going to become the dominant strain.  This is a good thing because it is even less lethal than the other strains of covid.  The explanation I heard from someone educated on these matters is that this strain of covid will likely outcompete the others and weed them out in a sense.  This is especially good news for the unvaccinated, as vaccines are showing to not be very effective against this new strain anyway.  If you've been on the fence about whether or not you should give in and get the vaccine, I think now you finally have some good news that this pandemic is getting better the only way it ever could have, naturally with time.
6844  Other / Beginners & Help / Re: [Merit] Hey Bitcoiners! Can You Send Encrypted Messages? on: November 30, 2021, 11:48:54 PM
Make sure you're encrypting using my key.  If you use yours then I won't be able to decrypt it to read it.
6845  Economy / Gambling discussion / Re: 2022 NBA Season on: November 30, 2021, 11:34:50 PM
Sad to see Blake Griffin being benched...  Steve Nash said that he feels for him and understands the position he's in, but you can't take away opportunities from guys who deserve it.  I thought Blake was having a decent year from what I'd seen of him play, but after taking a closer look at the stats and seeing that his %'s have fallen off the chart and he's basically putting up career lows in every category, and maybe his burst of energy when joining the Nets was a bit of a mirage.  I wouldn't be surprised if this was his last year in the league.  A shame because he seemed to be growing into a role as a skill player, but his 3pt % falling below 20% I think sort of sealed his fate.
6846  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 30, 2021, 11:31:55 PM
no-coiners spotted... Shocked Grin


Tell me you're NGMI without telling me you're not gonna make it.   Cheesy

Seriously though, I can understand why some people don't want to have to mess with this newfangled technology if they're just living their simple life.  I'm sure we'd see the same things happening in America if we tried to go on the Bitcoin standard.  It's quite the experiment to play with people's lives, but I'll keep putting in work to do my part to help make sure it ends up a success.  Appreciate all of you that do as well.
6847  Economy / Trading Discussion / Re: What do you think about staking? on: November 30, 2021, 11:26:13 PM
I like staking if it's a coin you're going to be holding anyway and it's on a reputable platform.  For example, I have ETH2 staked on Coinbase and I think it's great.  Currently getting 4.5% on my ETH and I'd be holding it there anyway.  Not to mention it's currently locked and can't be traded so it's an extra layer of protection from myself panic selling.  When you think that ETH is at times deflationary, and this is a trend that is likely to grow more frequent with future upgrades, the ability to earn interest on it is pretty amazing.  Those who have been holding lots of ETH from the beginning are likely to be quite wealthy if all goes as expected.  I wouldn't be surprised to see VB up there with Elon Musk if that happened.
6848  Alternate cryptocurrencies / Altcoin Discussion / Re: 'Squid Game' cryptocurrency scams $2 million on: November 30, 2021, 11:18:52 PM
As far as rug pulls go, you have to admit that this was one of the funniest of all time.  The fact that the show was about a bunch of people who make poor financial decisions fighting to see which one of them gets all the money, then you have the exact same situation recreated by an altcoin...  It's a level of irony that almost seems too funny to be true.  They say you can't write this stuff, but this seems almost scripted to be hilarious from the start.  If the creator was the one who rugged and this was a plan that was executed perfectly, he almost deserves kudos for delivering exactly what was to be expected from a real life Squid Game.
6849  Bitcoin / Mining / Re: Hosts are dropping like flies... or at least dropping me on: November 30, 2021, 10:47:52 PM
The biggest issue I am seeing with hosting is that we are small players.
With the great miner migration out of China I am seeing data centers that are being taken over by mining operations.
No press, no fanfare, just slowly pushing out those of us hosting servers / routing equipment and the miners moving in.

I guess there is going to be a lot of that in the dedicated miner hosting market.
Would you want to host 5000 miners from 750 different customers or 5000 miners from 1 customer?
You can fire most of your support staff, no dealing with tons of configuration issues.
Get them power, get them cooling and let their staff deal with the rest.

-Dave

That's the name of the centralization game.  Cheaper and easier always has sacrifices somewhere.  First it was the home miner and they said to find a host.  Then the hosts started dropping customers...  It's a shame nobody has thought of a good way for the network to incentivize decentralization and small miners.  I don't think the blocksize has as much to do with it as the narrative would have one believe.  You saw different pools and companies come and go a lot during the CPU->GPU->FPGA->ASIC evolution which I think helped keep any one operation from grabbing a long term foothold on the market, but I fear that more and more individual miners will only continue to be squeezed out until another evolution hits the reset button and Antpool goes the way of Deepbit (to make a poor analogy).

The answer for me, is to run a small diversified mining operation on renewable energy while trying to stay nimble.
6850  Economy / Gambling discussion / Re: 2022 NBA Season on: November 30, 2021, 08:12:32 PM
Agreed. Curry is definitely going to have his hands full tonight with the Suns who have been on fire ever since the bubble. The Warriors are the hottest team in the league in my opinion though. This will be a good test. I don’t think the Suns have anyone who can stop Curry though. I think I’d probably put my money on the Warriors, but I’m confident it’ll be a good game worth watching no matter what happens.
6851  Economy / Gambling discussion / Re: 2022 NBA Season on: November 30, 2021, 02:03:49 AM
Bad losing streak for Jokic's team but I read he's been cleared to play again. It would be great to see the emotions fkying again but too bad that Morris is ruled out in this game hehe. Who you got? Nuggets have been winning against the Heat lately but my money is on the home team.

The Jokic brothers are sitting right behind Denver’s bench. Wish I could watch this game. I’m sure there’s going to be some chippy attitudes out there. As soon as Jokic and Butler have a go at each other things could get crazy… Butler likes to try and maintain his bully image, but Jokic would slap the taste out of his mouth. Surely there will be some good moments…
6852  Economy / Gambling discussion / Re: 2022 NBA Season on: November 29, 2021, 07:42:10 PM
Terrible news for Denver fans. Michael Porter Jr is having season ending back surgery. I was saying a few weeks ago this was going to be his breakout season, but much like his career so far, that will be ended by injury. A shame. Michael Porter Jr probably could have been a top 3 NBA player had he stayed healthy, but at this point it’s beginning to look like that day will never come.
6853  Other / Archival / Re: SONDORS Metacycle - $5,000 Electric Motorcycle on: November 29, 2021, 02:15:42 AM
Silver or black? Normally I go straight for black, but the brushed silver looks pretty great.

The silver does look great and that's the image that got me to make the purchase.  After some thinking though I went with black.  The thinking was that if you're going to buy a silent motorcycle so people can't hear you, you might as well make it black so they can't see you either. 

This will make a great quote for when I'm killed in a motorcycle crash.


You can get a zero or energica today. No waiting. Well, it's Sunday night you may have to wait till tomorrow.
Yes they are way more expensive, but they have dealer networks, long term support and are proven designs.

With that being said, I am also in line for a Sondors, but I don't think it's going to be as good as the hype and doubt I'll see it before the middle of next riding season.

-Dave

The price is definitely a motivating factor.  When you figure in tax credits (if these end up being included) and the fact that the price is being raised, it isn't much of a risk.  If you don't like it, you can claim the tax credit and then sell it at a profit (maybe). 

I would agree with you about it having some likely issues due to the hype.  There's no way you're getting 80 miles on the freeway on a charge for example.  Probably closer to 35.  That battery pack is also 50lbs, so it's not the great carry around to charge experience they make it seem.  They are supposedly releasing an addon battery for the hollow space between your legs (giggity) but that will add more expense and make charging even more difficult (or maybe faster to charge 2 at once) so it's a fine line.  If you just want an electric bike for quick 10 minute trips somewhere though, it will be tough to beat by any motorcycle in my opinion.
6854  Economy / Gambling discussion / Re: 2022 NBA Season on: November 28, 2021, 09:55:18 PM
Warriors and Clippers having a great matchup right now. Halftime and only 2 points separates them. Steph has been making some impressive highlights. I don’t believe it’s nationally televised so many people might have to wait for the highlights later but if you get CSBA then I’d recommend tuning in for a bit. It’s a good one.
6855  Economy / Collectibles / Re: [AUCTION] Casascius coin, 1 BTC, loaded AUCTION ENDED on: November 28, 2021, 08:54:43 PM
I may find call to return again and will at least do you the courtesy of alerting you of sales / auctions of these coins elsewhere even if only to observe, assuming the likelihood of their being deemed to be overpriced by the OGs here. In the meantime, again but absent the 'sour-grapes-ness' of my message of last night, I'll wish everyone here the best for your endeavours and speculations Smiley

I wouldn't worry too much about it.  When people are overly negative for seemingly curious reasons it typically says more about them then you.  Obviously sales on this forum have slowed down a great deal, and the reasoning is extremely obvious although most people are in extreme denial over it...

These coins were once sold for less than $20.  Obviously they would change hands quite easily at those prices.  Now they're changing hands around $60,000.  It doesn't take a rocket scientist to see that something selling for $20 is going to move more units than something selling for $60,000.  I understand a lot of people here are in absolute and complete total denial about the fact that 1 BTC does not equal 1 BTC over time and everything that has ever traded hands here has been done with respect to the dollar value, but it doesn't change the fact that it is absolutely true.  When it comes down to it, a lot more people have $20 to spend on a speculative coin then have $60,000 to spend on one. 

That being said, this coin is one I wouldn't put in my collection.  It appears to have some mold growth on it or something.  It would never come anywhere near any of my other collectibles, so perhaps you further limited your pool of available buyers with that... 

My advice, instead of being upset that you only got 1.05 BTC for this coin, be extremely happy that you just got $55,000 for a coin you probably paid a couple hundred bucks for if you've owned it as long as it appears.  Tell anyone outside of this community that story and they probably wouldn't even believe you it's such an amazing return.
6856  Bitcoin / Bitcoin Discussion / Re: What's up with the flaunting of irreversibility? on: November 28, 2021, 08:15:04 AM
Maybe a dumb question, but why should I display irreversibility as an advantage? I recently made a transaction using bitcoin and waited for long time to receive what I purchased. So long that I thought I got scammed.

How can I, as a customer, be protected my malicious sellers? I can't really use an escrow service every time, I need to ensure the seller will be discouraged to steal my money with a smarter, cheaper and more comfortable way. For instance, PayPal transactions are reversible within a time frame of 6 months. I could address them.

How can the police confirm I've got scammed and not lied? It's definitely harder than with cash if the seller knows how things work.

This has always been a problem with crypto. It is why reputation is so important and frivolous use of the trust system should not be accepted by the community. I haven’t seen anyone come up with a good solution for this issue, but perhaps we must accept that cryptocurrencies have their limitations and in the end it comes down to dealing with people who have solid reputations and honest intentions.
6857  Other / Politics & Society / Re: I think this should be mandatory on: November 28, 2021, 08:01:12 AM
I’m guessing OP is a big believer in gun control as well. Unfortunately, no country is innocent when it comes to following the rules all the time. I don’t think anyone would be foolish enough to believe such a thing would work. Not to mention if everyone used it, then who would fire the first missile? Maybe everyone should just agree to be peaceful and follow the rules instead.
6858  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 28, 2021, 02:54:58 AM
Most important about mindrust =.......

He had invested X amount of FIAT and proudly announcement he had a positive exact amount of FIAT out of it.

Each person got his own goals, he achieved the goals he was chasing at.

I feel like over the years, we've seen these kinds of accounts come and go.

They come in, talk a big game about buying Bitcoin because libertarian ideology and how they are going to hodl forever.

Then in just a short time they quietly hit some pitiful goal and sell all, or quietly panic sell all.

Then they disappear from the forum, never to be heard from again.

Bitcoin has also been around a little while now. Many members of the community have passed away due to various issues. Some have gone to prison or fallen ill. I doubt it’s always about the money alone. While I’m sure there are plenty of people who have cashed out and are out living their dreams, I don’t know if we can assume that’s everyone’s story.
6859  Bitcoin / Bitcoin Discussion / Re: Was Bitcoin talked about at your Thanksgiving celebration? on: November 28, 2021, 02:49:37 AM
NFTs were mentioned once. No talk of cryptocurrencies.
6860  Other / Meta / Re: how improve rank?? on: November 27, 2021, 10:54:08 PM
how improve my rank?? i want to improve my rank. please help me. i have 70 activity but my rank is Newbie. my post number is more than 150.

My question to you would be why do you want to improve your rank?  Do you have a project you're working on and you want to appear more legitimate before launching?  Do you feel you've been in crypto so long and gathered enough knowledge and experience to where you are more knowledgeable than your rank suggests?  Do you not value proper capitalization or take the time to make sure your posts are readable and appear educated?

As others have speculated, it appears you just want to join a signature campaign to spam for free money.  I don't blame you, that does seem to be one of the more popular uses of this site these days, but you likely won't find help from others on achieving that goal as it ultimately degrades the forum experience for everyone else with more spam.
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