makrospex
Sr. Member
  
Offline
Activity: 728
Merit: 317
nothing to see here
|
 |
January 09, 2020, 07:59:18 AM |
|
So i followed that interesting conversation today...
Two medium educated men, proud of their 5%pa investments (stock market or fonds based, excluding inflation loss), were talking about bitcoin. They said buying btc at the time would be dumb, because if you aren't an early adopter, it's just a ponzi. Also, that if governments don't take measures against "this ponzi", they must be either holding OR they have no control over bitcoin.
Don't get me wrong, i would enjoy being simple minded like these two, but then i would also probably fomo all-in right before the next ATH (2022 probably?). At that time, they might even ask me if i heard about bitcoin, and that i should sell my house to buy btc)
It's somewhat entertaining to find out it's ponzi only if you are not an early adopter.  And yes, they are the majority in the world, we are just a small and strange(!) minority. I was tempted to introduce them into the concept of Sats and pull out the gold kilogram vs. ounce (or gram) comparison. I didn't do it for my own sake. Would have been like teaching a turtle how to ride a donkey 
|
|
|
|
|
|
|
|
|
Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
NeuroticFish
Legendary
Offline
Activity: 3206
Merit: 5698
Looking for campaign manager? Contact icopress!
|
 |
January 09, 2020, 08:15:49 AM |
|
I was tempted to introduce them into the concept of Sats and pull out the gold kilogram vs. ounce (or gram) comparison. I didn't do it for my own sake. Would have been like teaching a turtle how to ride a donkey  I fully understand you! (I've learned that it's not healthy to assume a certain level of comprehension, especially in the "real world".) Because there's quite a chance you may have more success with the turtle...
|
|
|
|
mladen00
Legendary
Offline
Activity: 2124
Merit: 1013
K-ing®
|
 |
January 09, 2020, 08:28:03 AM |
|
Ex-KGB
There is no such thing as Ex-KGB... there is; FSB 
|
|
|
|
BitcoinGirl.Club
Legendary
Offline
Activity: 2310
Merit: 2355
Stake.com - Leading Crypto Sports Betting & Casino
|
 |
January 09, 2020, 09:04:06 AM |
|
KGB, FSB, RGB(color code 😜 ); are we forming any secret agency?
Good morning WO! Observing @ $7,889
When $Vegeta?
|
|
|
|
jupiter9
Member

Offline
Activity: 165
Merit: 10
|
 |
January 09, 2020, 09:09:27 AM |
|
Exactly! When! Time is more important than price. When time is up price will reverse!
|
|
|
|
Globb0
Legendary
Offline
Activity: 2660
Merit: 2029
Free spirit
|
 |
January 09, 2020, 09:10:48 AM Merited by fillippone (1) |
|
Thanks Yoda
|
|
|
|
AlcoHoDL
Legendary
Offline
Activity: 1904
Merit: 2972
Addicted to HoDLing!
|
 |
January 09, 2020, 09:12:15 AM |
|
Ex-KGB
There is no such thing as Ex-KGB... Well... Litvinenko, Skripal... That's what I meant. When you defect you either end up glowing in the dark from Polonium-210 or you've never actually defected. 
|
|
|
|
|
fillippone
Legendary
Offline
Activity: 1694
Merit: 11764
Merit Rascal - Pizza Maker
|
 |
January 09, 2020, 09:20:31 AM |
|
Thanks Yoda
There, my last merit goes to Globb0, well deserved for his comic time. Dry again.
|
|
|
|
El duderino_
Legendary
Offline
Activity: 2044
Merit: 9794
Observing No-Coiners.
|
 |
January 09, 2020, 09:31:49 AM |
|
Ooooor there was a coincidence price pump  Like a few times before this year...?
|
|
|
|
FullNode
Sr. Member
  
Offline
Activity: 505
Merit: 266
Don't Trust, Verify
|
 |
January 09, 2020, 09:34:59 AM |
|
My activity continues to increase, intrigued where stop before the next update 
|
|
|
|
makrospex
Sr. Member
  
Offline
Activity: 728
Merit: 317
nothing to see here
|
 |
January 09, 2020, 10:04:37 AM |
|
Thanks Yoda
There, my last merit goes to Globb0, well deserved for his comic time. Dry again. Sent you my last one, so you need only one more to gain a sMerit again. Have a nice day, i'm off for quadruple child care.
|
|
|
|
BitcoinGirl.Club
Legendary
Offline
Activity: 2310
Merit: 2355
Stake.com - Leading Crypto Sports Betting & Casino
|
 |
January 09, 2020, 10:18:26 AM |
|
My activity continues to increase, intrigued where stop before the next update  Yo bro! That username. Good one 😀 <snip>
Sent you my last one, so you need only one more to gain a sMerit again.
Always out of this shit!
|
|
|
|
FullNode
Sr. Member
  
Offline
Activity: 505
Merit: 266
Don't Trust, Verify
|
 |
January 09, 2020, 10:19:49 AM |
|
 Salma used to be something of a thread mascot. Anyway, very nice pair of earrings. A tremendous Milf this distracts my attention here there is a lot of fuel to go to the moon
|
|
|
|
El duderino_
Legendary
Offline
Activity: 2044
Merit: 9794
Observing No-Coiners.
|
 |
January 09, 2020, 10:46:51 AM |
|
Ooooor there was a coincidence price pump  Like a few times before this year...? Ooooor, Bitcoin has never shown much correlation to gold or other SOVs. That is, until now. This is incredibly bullish for BTC. Here's Why https://twitter.com/Rewkang/status/1214983170862399488?s=201) There is a concept in economics called "reflexivity", popularized by the famous HF Manager George Soros. Basically, it means that our subjective beliefs of markets can actually influence their underlying fundamentals through increasingly stronger positive feedback loops. https://twitter.com/Rewkang/status/1214983173416767488?s=202) Reflexivity has been well studied in credit cycles. Firms that investors believe have strong creditworthiness are able to obtain more favorable loans. This puts them in a stronger financial position and less likely to default. The perception of creditworthiness increases. https://twitter.com/Rewkang/status/1214983175232872448?s=203) The main argument for bitcoin is as a Store of Value, a hedge against global uncertainty - similar to gold. However, bitcoin has never had strong price correlations with gold, failing to react to macro events while gold moved sharply. https://twitter.com/Rewkang/status/1214983183961182208?s=204) During the Iran-US series of events the last few days, you could watch in real-time as Bitcoin mirrored Gold & Crude Oil's sharp price movements. When Trump on Live TV made it clear that de-escalation was a priority, you could see both BTC and Gold drop hand in hand https://twitter.com/Rewkang/status/1214983186012237824?s=205) Even though this price movement may have been driven by speculators, many investors have noticed, and this will have strengthened their belief in BTC as a hedge to global uncertainty, leading to more people trading BTC on macro events. https://twitter.com/Rewkang/status/1214983187618643968?s=206) Whether they are frontrunners, speculators, or actually hedging, it doesn't matter. The resulting impact is further increased correlation and thus increased belief in BTC as a SOV/macro hedge. https://twitter.com/Rewkang/status/1214983189204066304?s=207) This feedback loop will continue, causing BTC to continue to appreciate while capturing premiums from other SOVs and for enough data to be produced that even the strongest skeptics will not be able to deny BTC's utility. This is why I'm bullish. https://twitter.com/Rewkang/status/1214983190881787905?s=20Reflexivity in Credit Markets: http://its.caltech.edu/~jin/GHJ_Paper_FINAL_20190403.pdfhttps://twitter.com/Rewkang/status/1214983937904107521?s=20
|
|
|
|
JSRAW
Legendary
Offline
Activity: 1694
Merit: 1490
|
 |
January 09, 2020, 10:51:45 AM |
|
Exactly my thoughts after reading the news today, expressed in a picture  If gold price shows identical actions, it might be true, i guess. looks more or less same. http://www.infomine.com/investment/metal-prices/gold/1-week/ Gold powers towards 7-year peak as investors rush for safetyMarket (Safe asset) always reacts whenever uncertainty arise in political arena/war etc. Is It worth it? I don't have any opinion on regular asset class. But In context of recent small pump in BTC and war speculations, nope its not worth it and i do not want this. Ooooor there was a coincidence price pump  Like a few times before this year...? I never hold my breathe on small pump or dump, so who care if its coincidental or not  . apparently everyone here are eyeing on big numbers so let's concentrate there.
|
|
|
|
El duderino_
Legendary
Offline
Activity: 2044
Merit: 9794
Observing No-Coiners.
|
 |
January 09, 2020, 10:53:30 AM |
|
One month later from this on-chain momentum switch, re-accumulation bottom completed. Daily candle closed just minutes ago and we're above the bearish channel that held us for 6 months. https://twitter.com/woonomic/status/1214699890070081536?s=20On-chain momentum is crossing into bullish. Prep for halvening front running here on in. Can't say what this indicator is, as it's proprietary to @AdaptiveFund , but it tracks investor momentum. The bottom is mostly likely in, anything lower will be just a wick in the macro view. https://twitter.com/woonomic/status/1203280379479830528?s=20
|
|
|
|
FullNode
Sr. Member
  
Offline
Activity: 505
Merit: 266
Don't Trust, Verify
|
 |
January 09, 2020, 11:06:41 AM |
|
My activity continues to increase, intrigued where stop before the next update  Yo bro! That username. Good one 😀 <snip>
Sent you my last one, so you need only one more to gain a sMerit again.
Always out of this shit! Yeahhhh suitable for bitcoin 
|
|
|
|
El duderino_
Legendary
Offline
Activity: 2044
Merit: 9794
Observing No-Coiners.
|
 |
January 09, 2020, 11:14:12 AM |
|
|
|
|
|
FullNode
Sr. Member
  
Offline
Activity: 505
Merit: 266
Don't Trust, Verify
|
 |
January 09, 2020, 11:30:53 AM |
|
My Satoshis and I happy to progress in the thread. Goals 2020 * get 1BTC * get activity * get rank * get 1 hat FullPack 
|
|
|
|
|