I smell an ant pump...
I smell $50k...  I just sold some stuff on eBay I find 'attic mining' crap out of my attic by selling it on eBay is the way to go now. Stuff I would otherwise die with..is the way to 'mine' BTC now.  Thus I bought $60 from that 'windfall' of an eBay sale and got some BTC dust off of Coinbase. We KNOW it is gonna dump now. (my bad...I always buy HIGH and HODL..the buy HIGH and SELL low makes me too distraught!) No matter how LOW the BTC price goes after I buy some...if I HODL I can always, no matter how LOW it goes, convince myself all will be fine! Eventually, this has been true since I got into BTC/Crypto in 2013! This How I Roll ....HODL'ing is the only respite for those of us who always buy at the high! It's a gift! (sorry for the 'coming' dip in BTC price....me bad)  Brad |
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I've always said this about the case against him by the Dave Kleiman estate going on.
He will claim the following on that if he wins or loses
1) He wins the case and not enough evidence that he ripped off Dave Kleiman back in the day, he will 'say' proves
he is Satoshi in that why would the Dave Kleiman estate state so and spend big bucks to take him to court.
2) He will say if he loses the case and is told to pay the Kleiman Estate that this proves he is Satoshi...even as
he runs to a U.K. country without extradition on civil USA court manners such as this.
The same thing, if he 'loses' the case on BTC with Mt.Gox estate...well nothing changes...but if they 'settle' again
proves I am Satoshi he claims...if nothing else in the news again to 'so doubt' that I'm coming after you with
stupid lawsuits.
Also with the websites taking down the www pages with the white paper on them. If they do so 'great' this proves he has power and could be Satoshi on them...if they don't take it down (and small enough) the white paper, then he can sue the site..which can't afford to fight his claims. (in the USA anyway).
if...people then send $$$ to the site to offset $$$ he spends to sue them...proves he is Satoshi because if a 'non-issue'
why the big deal about keeping a web page up on the white paper if he is not Satoshi...if they take it down
proves I'm Satoshi
the list goes on ..hard to 'disprove' a negative and he really has to keep this game going to keep out of Aussie
Tax Jail. So rinse/wash/repeat.
Round and Round it goes...I suppose if he was to 'pass-on' he would have 'enough' relatives convinced he 'is' Satoshi for this to
continue....the cycle of lawsuits.
what a cluster...
Brad
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This is not yet another cycle, this is the End of CyclesThe one where after BTC flippens gold it doesn't flip back The one where web3 supercedes web2 Where culture is collected and accrued digitally instead of physically Where life is lived mindfully rather than mindlessly https://twitter.com/zhusu/status/1363035740507017216-------- At first it sounded bearish to me, until I unerstood what is meant. Since its creation Bitcoin went through several severe bear periods between the halvings. But what if the mass adoption has increased so much that no such bear periods of 80%+ crashes from tha last ATH are possible? We see the first sign for that - unlike any other period of 12 months, there was only one 30% correction and two 20% corrections. What if this is a sign that such long periods of lack of interest from the big investors are no longer possible? The implications on any sell strategy involving considerations of the previous cycles will be hugely negative. I mean if someone is selling with the hope of buying 80% cheaper, this may turn to be a total disaster with some 30-40% dips occurring here and there. Not only that, but this will make any unnecessary major sell from our stash to be a big mistake. This tweet predicts more than a supercycle, rather an infitite bull market. Well, this may look unrealistic now, but certainly the probability for that is not 0 as some may think based on previous experience. And sometimes the past experience may be misleading. I 'suspect' that 'everything' is going to correct once people see the reality of the hole that Trump/the pandemic and the economic issues have caused... thus I see a 30% correction in frigging everything BTC/crypto/stocks/property you name it. Reality sucks and people will have to come to terms with such. MY GUESS is BTC will correct 30% or more..and just sit around $30 to $40k in the next 3 years till the next halving and then repeat the cycle as in the past of going 'ape sh*t' FOMO 5x or more around the next halving..that is my 'worst' case....assuming adoption is where I figure this all and the obvious reasons to get crypto in these times. I suspect that if I'm wrong, I'm really, really wrong and BTC will go to over $100k as a haven for the exact same reasons I said everything above was gonna tank. But, we've seen this FOMO before with BTC big highs then retreat a few years...next halving comes along and repeats. Anyway, my expectations are past patterns...my HOPE is that it blows the doors-off the rest of the economy as my 'supposed' 30% correction above guess indicates. Man, BTC is like 'angry' sex..when it is good it is really good...when it is 'bad' well it is nothing to walk away from either. Good thing I a 'stubborn' asshole....sh*t sure got real from the like $9,300 BTC price of July 2020! Sheesh! Anyway, above is how I'm 'trying' to manage my expectations...probably futile..but sh*t to do. Brad |
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Can I get an opinion please?
Just out of interest WHEN do you guys think we will breach $100,000? I’m pretty certain it’ll be this year but just interested to see when you guys think it’ll happen?
April, May, June?
Later in the year?
Thanks.
As to above 'pundits' are out in force saying that BTC is going to crash and can't compete with the coming of national digital currencies. The talk today and probably will continue by the 'talking heads' on T.V. is that Bitcoin will be 'replaced' by a central bank(s) digital currency....I've seen this often quoted. I have 'never' once however seen it brought up in pro or con that BTC is 'decentralized' with a 'fixed' amount of coins vs a national digital currency which is 'centralized' and allowed to 'print' coins like they print money, even if it is a 1 to 1 ratio with their fiat. Gasp! I'm beginning to suspect they are leaving this out of BOTH sides of the argument on Bloomberg and other T.V. Pundits on other channels. Ya think? Brad |
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---------------------------- Today's Date: 3/20/2021 ---------------------------- From the current price from Coinmarketcap.com. www.coinmarketcap.com site. So 'far' today anyway! See the date/time of this posting on www.bitcointalk.org for the proper time/date of this. Current Price: $58,016.79 USD. As of this moment. Total BTC Needed: 17.24 BTC! For 1,000,000.00 USD! Again, using this latest price! From www.coinmarketcap.com! Onward and upward. Bitcoin: Always Drama! (tm Bitcoin) Brad |
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Is he softening up or what? Not that I care... He's been soft for years. He's cracking now. But him calling for 100k is bearish. At least he's saying zero after... so he can still be fully humiliated when it is 250k. I believe he's trying to help his son out with his bitcoin investment. Jeez...talk about a convoluted argument about having your views both ways...if it works I'm right if it does not work and goes to zero I said that as well... what a tool...you can say the same thing about anything...your CPA could run off with your money...the stock market could crash...we could all die in an asteroid collision...or we might not die of an asteroid collision...sheesh.....and people in the news media 'quote' this idiot... Brad |
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so 2 years ago? and only Overall, 393 000 SC...supposedly burned? If SC was being burned due to the use of the Skynet network we'd be hearing a lot more about this..as is nada...which I assume is how the coins are 'supposed' to be burned as the Skynet network becomes stable with more equip nodes for decentralized storage..which makes no sense now for equip vs elec vs not even break even to run such... so I ASSUME that SC burning only happens (if indeed it is still happening) on the sia-tech storage setup usage which is still in beta? So until you can actually BUILD a sia-tech node for the process of decentralized storage, even at break-even and 'used' equipment well ..the project is still sitting around without any real storage progress in comparison to the amount of Siacoin and mining in the world. Seems amateur hour for years...just saying So none of any of this relates to the realistic price at 1.5 billion SC made per year and the amount out in the world now...not to mention the over-abundance of mining equipment and network ...for a Skynet network that has, in comparison of these to parts, little use. You want to impress me ...get some nodes out there for storage that a person can afford to make and at least break even on right now it seems sia-tech has made a 3 legged stool with only 2 legs. Seems 'wobbly' for the price of siacoin and that seems to be on FOMO on stuff that does not seem to be coming into play any time soon. ;( brad |
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This Rubini guy is a professor, right? It just defies belief that he is frantically asking like a madman "What's the purpose of Bitcoin? Where does it help us?"... It's just mind boggling. Hasn't he even bothered to read the books by Antonopoulos and Ammous? I would understand if it was my grandma saying this nonsense, but him? A university professor and economist? Man, this is some crazy shit.
Economists are people too. I mean, Paul Krugman even got a Nobel Prize in Economics and yet... said some pretty stupid shit. The problem folks like Paul Krugman and others have with Bitcoin..is that it is based 100% on faith in the system/blockchain of Bitcoin..ie the mechanism... the strength of Bitcoin and why it is the disruptor of their conventional thinking has done so well and quite frankly weirds them out is that ..again...the success of Bitcoin is it is based 100% on faith. They can't see humans as having anything 100% faith in without failure...but all great things start with 100% faith from love to democracy to walking on the moon. The trick is to have the 'faith' last until it is common and accepted as the next step...from faith to truth. Tis' damn hard to 'stop' or 'spin' faith ..especially in a decentralized and trustless manner....this is the basis of democracy itself... so it is both...decentralization plus faith in the process is more a movement than an 'economic' engine...they will never get their head around this. This is confusing as hell to me...so it must really be driving folks like Paul Krugman nuts.....but then again....faith in any decentralized idea be it democracy or bitcoin..is always the outlier...till it ain't... They better get used to it however....it is how Bitcoin rolls... brad |
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I wonder if wallstreetbets crew just decided to jump on Sia, this coin is starting to surge like a space ship getting ready to launch I just hope not a pump and dump . Take the amount of Siacoin in the world (see www.coinmarketcap.com) at $0.008763 times the amount of the coin in existence, 46,971,862,992 SC, mined so far, that comes out to $411,614,435.40 ..now ask yourself the question. Are Sia-Tech and Sia-Coin worth that amount of $$$ with their decentralized network not fully up to snuff yet? I think not, it is gonna dump, just a matter of when. Brad I also think the same and i have cashed out my sia coins for btc which i have hold for few years. Recently the price spiked because of the hard fork news and i thought this is the best time to sell these useless coins. However i did lose a lot of bitcoins but still i gained good amount of USDT. The huge supply is a big hinderance for this coin to pump. They're meant to be burned through usage, so I think low network usage is bigger obstacle than big amount of coins to my knowledge, no Siacoin has ever been burned.....source? not a slam...but burning coins vs not burning coins in usage would make a big difference in viewpoint brad |
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they will scrap the project. This is a 'common' end to the years ago ICO coin setups.
sad, but what can ya say
Brad
Do you wanna make a bet on that? Lisk is going to fly in 2021. Just make your research: - Top3 most developed projects of 2020 - No hype, no marketing only work - Interoperability solution to be released in the next months. As I said in other post Lisk is going to be one of the easiest 10x wins of the next months. Hope you are right, I have some LISK yet. But the truth be told if such a pump was to happen it would be to BTC/ETH and other coins pumping more, thus 'probably' I should 'cash out' on LISK and eat my Cap Gains Taxes (USA) and just get those coins. On the other hand if BTC/ETH and other mainline coins 'dump' then LISK and other sh*tcoins always dump even more than is sensible. Thus the dilemma with Altcoins. I'm not 'mining' and thus speculating with altcoins like LISK makes little sense now. Probably should 'just' convert to BTC or ETH. Brad |
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Just an 'aside' for those of you who HODL your Bitcoin no matter what through at least 2020 till today. Price of Bitcoin on March 13th, 2020, when 'everything' dumped, stock market, BTC Crypto, on the realization that Covid-19 Pandemic was the 'real-deal'! Anyway, the price of Bitcoin on 3/13/2020 (if briefly) was: $4,916.78 USD. Could you 'imagine' being in the position of 'panic dumping' your BTC HODL/HOARD on that date and revisiting such a 'decision' today? Current Bitcoin Price Now: $38, 612.43 (see www.coinmarketcap.com) (use profile post time on this post) Ack! The Horror! Ack! Brad |
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Well, HODL'ing through 2020 has been the way to go. I have been in since 2013 and mined to HODL most of it anyway. As an example, when I google March 2020 Bitcoin Low you can get the following. This corresponded if I remember correctly with the 'realization' of BTC/Crypto and the Stock Market that the Covid-19 Pandemic was the 'real deal. Thus the dump, if briefly, of Bitcoin Price on the date below. March 13th, 2020 Bitcoin was that day: $4,916.78 USD. February 6th, 2021 (Today) (see post for actual time) Bitcoin is now: $38,586.41 USD That was approximately 11 months and 6 days in the past. Not a 'bad' return huh? On the other hand, Bitcoin, being a 'merciless bitch' could dump 50% out of spite at any time! But then again, if you were in HODL mode from March 13th, 2020 till now, you'd still be 'golden' Can you 'imagine' the 'angst' of selling your whole hoard/HODL in a 'panic sell' on March 13th, 2020! and looking at the reality that is today? Ack! Gasp Ack! The Horror! Brad |
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Username: Searing
Post Count: 9661
BTC Address (must be SegWit): 3PbX6SnTvDMsLR9NAtMLG8Evaou9UnJeTe
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Yes. Mining is doomed to end in big farms.
On October 18th, 2013 I had a KNC Jupiter 550gh BTC Miner that cost $5,131.80 USD w/shipping complete. It made about 1 BTC a day
and that day, at least briefly, BTC was $150.00 USD.
So no electricity to run the above, setup costs, just the 'plain' equipment.
A friend on here (Phliipma1957) at my challenge, did the math (math hates me) and found you would need IF you could get the latest
Bitmain AntRack Equipment coming out about April 1st, 2021.....wait for it...
$4.5 million USD to have equipment chucking out 1 BTC per day, BEFORE any electric or other expenses..just the equipment.
Yeah, this is a 'pretty clear' trend don't ya see.
Brad
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I wonder if wallstreetbets crew just decided to jump on Sia, this coin is starting to surge like a space ship getting ready to launch I just hope not a pump and dump . Take the amount of Siacoin in the world (see www.coinmarketcap.com) at $0.008763 times the amount of the coin in existence, 46,971,862,992 SC, mined so far, that comes out to $411,614,435.40 ..now ask yourself the question. Are Sia-Tech and Sia-Coin worth that amount of $$$ with their decentralized network not fully up to snuff yet? I think not, it is gonna dump, just a matter of when. Brad |
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Constantly creating tokens and creating no demand
Why?
What's going on at HQ that there is literally nothing to spend on lisk functionality?
its been 5 years... Don't you think it's time to create functional demand?
they are simply running out the development money set aside as BTC back when they made millions on the ICO...someone said (i think on here) they have about 1.5 years left to play 'BTC millionaires many times over' hobby coders on the project...and then when they have to put their own BTC into LISK development they will scrap the project. This is a 'common' end to the years ago ICO coin setups. sad, but what can ya say Brad |
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Ben Bernanke is on the Citadel payroll as "Senior Analyst"
...but if you say deep state or crony capitalism then you're a conspiracy theorist. "Deep state," definitely yes. There is already a global cabal of elites who really are molding the machinations of world finance in their favor; no need to invent new terms for boogeyman value. Even if it is NOT a conscious Cabal...does not mean that the 'wealthy' and 'elite' don't look out for each other and use such connections as an advantage in politics/gov't/wealth accumulation and the accumulation of power...I scratch your back and you scratch mine..is a lot more powerful with instant messaging and stock trades or being up on regulation reform or other info...with 4 min after such and a finger swipe you score....only available to the elites. The scale of such at this level is bad enough..it can indeed get worse the more 'organized' (wink, wink) it becomes. Brad |
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Bah, I'm going to buy one share of GME. If it loses, then it's gone. If it squeezes, then my one share will be worth $50k. Then I'll turn around and turn it into BTC. Then hodl it to $10m.
I expect some (more) fuckery, so 50k is unlikely. 1-2k is within reach, though. Yep..there is never FOMO without FUD...the only way to 'centralize' BTC/Crypto is through 'dubious' regulation..it is my view that in/out of any exchange will require KYC and an 'address' of yours linked to such. This is 'my best' case guess. The 'powers that be' could just do something even 'more' dubious. Nothing gets the FUD going more than a 2009 FOMO that you as centralized wealth/banking...have continued over time and stubbornness you missed out on.. and that you have no power over....and the 'more' you stay out..the harder it gets not to overreact on FOMO pumps. Just saying, everyone hates a winner in a 'rigged' poker game..that is not in the loop! The more you 'deny' BTC/Crypto is here to stay and do not participate the more 'freaked' you are on each FOMO! Hard to take your 'ball' and go home, when the BTC/Crypto community 'shares' the Ball! Brad |
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