How is it that so many of these Bitcoin OGs fall into the shitcoin trap? That Bimmerhead dude should be a Bitcoin gazillionaire by now (and a maximalist). the farther back in time, the less clear everything was around bitcoin. I, for example thought at the beginning that additional protocols are important as a replacement chain should bitcoin go offline (  ) and that competition was good on protocol levels. i had no idea that this was the start of the great plague of shitcoinery. imho Vitalik will be remembered as the guy who coined the term "bitcoin maximalist" but no one will remember ETH. it is kind of ironic that is was vitalik who gave the bitcoin community its identity. before a bitcoiner was a bitcoiner. but a bitcoin maxi is a completely different beast. he tried to introduce this term as an insult. and in typical bitcoin grandeur, the supposed attack was morphed into something that made bitcoin stronger. hasta la victoria siempre! As far as that guy goes, he gets what he gets. I distinctly remember when Vitalik launched ETC, he made it very very clear that ETC was not even a "cryptocurrency" per se. He said that. He also said that ETC would never be a competitor to Bitcoin. Those were his exact words. Then somewhere along the line he started to get 'selective amnesia' about the things he actually said... so fk that guy. |
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Also Website: None of employees are in trouble or will even go to jail |
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How is it that so many of these Bitcoin OGs fall into the shitcoin trap? That Bimmerhead dude should be a Bitcoin gazillionaire by now (and a maximalist). When bitcoin was worth very little, there was more activity with trying out services, tipping each other, not securing coins. We didn't get the HODL mentality until a bit later. I'm happy how it all turned out, but if i didn't sell/use a single coin the entire time... well... I'd own a moderately sized island. I mean I get what you are saying, but go look at Bimmerhead's recent posts. He's still knee deep in shitcoin activity (e.g. Auroracoin, other shitcoins, etc.) |
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How is it that so many of these Bitcoin OGs fall into the shitcoin trap? That Bimmerhead dude should be a Bitcoin gazillionaire by now (and a maximalist). |
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"According to their recent report, in Q3 this year, Grayscale had approximately $1.05 bln in crypto. However, this figure skyrocketed to $7 bln in a short time after that.
In Q3, the company had laid its hands on 77 percent of all BTC mined during that time."
So Barry is the bull whale who has been sucking up everything? Who knew? |
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PSA: Remember kids... If someone is eagerly buying your bitcoin at these prices, then they are planning on selling that bitcoin at a much higher price level way down the road.  So should you hodl instead?
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Remember the days of "it's going to zero!" and "cheap coins, cheap coins!" ? Lol
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I like tone and I met him more than once and he is a nice guy. but tones political views are really weird. I wonder why the guys who shout the loudest about how non-political bitcoin is are also sometimes the ones who have very far right wing political agendas and are not shy to try to evangelize about it. telling folks what they should eat. telling people what is "good" art. telling people how they should vote.
having a deep understanding of btc does not make someone having a deep understanding of anything else.
I have seen those that scream the loudest about their freedom work the hardest to [ get their nanny government to] curb others freedoms. FTFY |
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See, I have a different take on all of this: that these kinds of financial personalities have always known the true value of Bitcoin for many years now. It's all about their message to the public, based on what their wealthy elite "handlers" tell them spout. It served the wealthy elite well to tell the public that Bitcoin was a financial scam and to stay away from it for the first 10 years. Why? Because that was when Average Joe could actually get Bitcoin "rich" with a very very modest investment. They are incentivized to keep the majority of Average Joes out there working until they die. (It's the same reason that tech startups don't trade on public markets at $0.10/share or even $0.01/share way before IPO) But now? Not so much. Bitcoin's trajectory to higher multiples will likely be a much slower pace now. Average Joe would have to invest so much more now to become "rich", and likely that amount is out of reach for most of the masses. So therefore now all these financial personalities are "turning the corner" and now saying that Bitcoin is not a scam, and a possible investment.  |
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I think we'll go just a little bit over $16k and stay there for a short time, before going back under $16k.
But then we won't stay in the $15xxx land for long either. Maybe a day, maybe less.
Then we'll go into $16k for good.
remember when 16k was a big deal? now its just "meh" Remember when we couldn't stay above 9k, over and over again? |
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Hey philipma1957, any thoughts on when Bitcoin hashrate will be back up to October levels?
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On a separate note: do you rember the conspirancy theory about Pfizer coming out with a vaccine news just three days after the election?
They are a complete nonsense. Proof: Pfizer's CEO cashed out 60% of his stock on the same day the company unveiled the results of its COVID-19 vaccine trial- Pfizer CEO Albert Bourla sold 62% of his stock in the company on the same day the drugmaker announced the results of its COVID-19 vaccine trial.
- Bourla sold $5.6 million in stock on Monday as part of a predetermined trading plan adopted August 19.
- His stock sale was carried out at $41.94 a share. The 52-week-high for Pfizer stock is $41.99, which means the CEO cashed out his shares at close to their highest price this year.
What? The news of the vaccine DID come out three days after the election, on Monday 11/9. And for a company to delay that news and time it on the exact day of the CEO's pre-determined stock share sales from an August 19th filing is insider trading, and should be a punishable crime. |
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I think proudhon is a HoDLer. A big HoDLer. Bigger that the average WOer.
And he's laughing his freakin' pants off right now...
To be fair, i was thinking for quite a long time that R0ach was also kidding and secretly hodling cornbags. I can't remember in exactly what thread, but R0ach was outed long ago as a bitcoin/shitcoin day trader on Bitfinex. That's what made his constant barrage of bullshit against Bitcoin so infuriating. |
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I'm not totally surprised that the price action is so ebullient, and I was certainly wrong on the way we get to $2k but I still think thats where its headed.
sgbett having a beer  |
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Bitcoin hasn't changed since 2017. Where were these fuckheads then? They're all magically appearing out of their holes now that we're in a new bull run. Here's what Drukenmiller said about Bitcoin in 2017: “You see what is going on with bitcoin. I don’t own any. Obviously, as a trader I should ... but I only trade what I know. … Bitcoin is like anything else. It’s worth what people are willing to pay for it. … That’s what it is worth. … What I do know about bitcoin is, the concept it could ever be a medium of exchange has been eliminated because you can’t do transactions, particularly retail transactions, with this kind of volatility.” |
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