AlexGR
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May 08, 2020, 08:40:16 PM |
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But I keep reasoning with a dip after the Halving. Because non-event after the fact (in the immediate term), just like precious halvings.
But it does have an immediate effect after the halving: 900 less bitcoins per day or ~9mn USD. Over a month it's 270mn USD, and over a year it's 3.3 bn usd less required to keep price constant at current levels.
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Wekkel
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Activity: 3108
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yes
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May 08, 2020, 08:47:25 PM |
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It has an effect, but not immediately. That’s what the past is telling me.
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AlexGR
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May 08, 2020, 08:49:26 PM |
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It has an effect, but not immediately. That’s what the past is telling me.
I would consider ~10mn/day from the get go being immediate enough. But that's just me Past halvings were not as affected due to much lower btc prices. A days worth of mining supply was worth peanuts. 2016 was like 1800 btc down x 650 = just 1mn USD per day. The effect is tenfold right now.
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LFC_Bitcoin
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Activity: 3696
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#1 VIP Crypto Casino
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May 08, 2020, 08:50:08 PM |
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It has an effect, but not immediately. That’s what the past is telling me.
A massive effect but yeah, it was far from immediately in 2016. The real fireworks SHOULD be 2021 but honeybadger does what honeybadger wants to do.
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gentlemand
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Activity: 2590
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Welt Am Draht
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May 08, 2020, 08:53:41 PM |
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A massive effect but yeah, it was far from immediately in 2016. The real fireworks SHOULD be 2021 but honeybadger does what honeybadger wants to do.
One of the most interesting stats of recent times was that Grayscale and Cash App have been eating 52% of mined supply. I dunno if they're guessing they get it all from miners or whether that's a fact. I imagine Grayscale would prefer to. That's two companies in one country that will be consuming more than the entire mined supply in a few days. And things are still pretty dead. This is where the human incapacity for conceiving of large numbers tends to break down, especially if you're a beary type.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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May 08, 2020, 08:57:34 PM |
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so we should start practicing screaming like little girls? oh shit.... your elaboration causes me to doubt proper attributes .... since many of us realize that Searing has "screaming like a little girl" trademarked. I'm turning you in vapour miner. Hahahahaha That's what you get when you try to play too BIG with kingdaddy... especially betting against it. Good riddance... another bear reckt.. I am sure there will be quite a few more of them coming into the space, believing that they are smarter than everyone else, using traditional tools including ones that might be engaging in fractional reserves, just like there were a lot of the betting against bitcoin bears reckt in 2016 and 2017 - they had fewer tools back then, but doesn't mean that they are not going to get reckt when they try to tame the beast with their fancy new purported "bitcoin-taming" tools and bet the wrong way... the potential players are likely BIGGER... so they have to play with BIGGER amounts when they are "taming the beast" and getting reckt moar bigger. I don't think the bear whale was rekt...after all he/she made 60 mil and only lost 20 mil. Anyway... joey is among us imho on wall observer and has the liquidity! Cheers homies 😎 Oh my!!!!!!! Joey is among us. Hopefully, s/he is not providing us with bad info.
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Wekkel
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Activity: 3108
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yes
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May 08, 2020, 09:03:01 PM |
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I foresee more effect of the absolute shit show that is current monetary policies. All over the world and with no end in sight. Where in 2008 only the fringes hauled the alarm (Zero hedge, doom preppers and so), the push back and alarm is coming from a much wider audience now. A lot has happened. An entire generation was brought up with a far better knowledge of our monetary system (and fully aware of its faults). I can’t think of a better bullish argument that this. And wil it definitely go worse with monetary policy. It will go full bananas This will be E.P.I.C.
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El duderino_
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BTC + Crossfit, living life.
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May 08, 2020, 09:08:00 PM |
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Smells continuously at 10K when passing by
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jojo69
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diamond-handed zealot
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May 08, 2020, 09:08:57 PM |
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full bananas
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Elwar
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Viva Ut Vivas
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May 08, 2020, 09:10:05 PM |
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It is my well thought out theory (like 30 seconds of thought) that John McCaffee is responsible for COVID-19 and the hype behind it to collapse the economy. He pushed for the printing of trillions of dollars by the Fed and the overall destruction of the dollar.
Yes, you guessed it.
So we will reach $1 million bitcoin price by the end of 2020 (Even though $1 million won't buy you much).
All so he doesn't have to eat his own dick.
You saw it here first.
Proof in the form of a video with mysterious music and ominous graphics coming soon.
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Icygreen
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May 08, 2020, 09:14:51 PM |
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What's that Bitcoin? EIGHT weekly green candles and a 10K launch pad. You have my attention, Sir
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Biodom
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May 08, 2020, 09:17:12 PM |
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^ if he controls an AI...
After reading "Moon is a harsh mistress", nothing of this nature would surprise me, really.
At some point someone will "hook up" with AI-I give it at least a 50:50 chance. Watch E. Musk second interview with J. Rogan-lot's of "goodies" there, albeit it is 2hr long, filled with lots of Joe saying "wow" and giggling in admiration.
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vapourminer
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what is this "brake pedal" you speak of?
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May 08, 2020, 09:23:37 PM |
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^ if he controls an AI...
After reading "Moon is a harsh mistress", nothing of this nature would surprise me, really.
At some point someone will "hook up" with AI-I give it at least a 50:50 chance. Watch E. Musk second interview with J. Rogan-lot's of "goodies" there, albeit it is 2hr long, filled with lots of Joe saying "wow" and giggling in admiration.
mike/michelle approves
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vapourminer
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what is this "brake pedal" you speak of?
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May 08, 2020, 09:30:41 PM |
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so we should start practicing screaming like little girls? oh shit.... your elaboration causes me to doubt proper attributes .... since many of us realize that Searing has "screaming like a little girl" trademarked. I'm turning you in vapour miner. crap. caught plagiarizing already. ill never be a csw level faker at this rate. apologies to brad
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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May 08, 2020, 09:32:32 PM |
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This is a food distribution center (bread line) in Las Vegas. I have to note that every single car there is much nicer and newer than anything I own. Hm. A possible interpretation is that people who have otherwise led comfortable middle class lives their entire life are suddenly on the bread line through no fault of their own.
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serveria.com
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Privacy Servers. Since 2009.
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May 08, 2020, 09:36:50 PM |
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It has an effect, but not immediately. That’s what the past is telling me.
I would consider ~10mn/day from the get go being immediate enough. But that's just me Past halvings were not as affected due to much lower btc prices. A days worth of mining supply was worth peanuts. 2016 was like 1800 btc down x 650 = just 1mn USD per day. The effect is tenfold right now. I agree. BTC price is much higher now and supply much lower. We should be able to feel it almost instantly..
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Last of the V8s
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Be a bank
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May 08, 2020, 09:38:50 PM |
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failed experiment that middle class
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gentlemand
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Activity: 2590
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Welt Am Draht
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May 08, 2020, 09:40:56 PM |
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I agree. BTC price is much higher now and supply much lower. We should be able to feel it almost instantly.. There's fuck tons of supply but if you want a lot of it in future you'll have to prise more of it out of people who already own it and don't have the same need to immediately sell.
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bitserve
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Self made HODLER ✓
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May 08, 2020, 09:43:18 PM |
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This is a food distribution center (bread line) in Las Vegas. I have to note that every single car there is much nicer and newer than anything I own. Hm. A possible interpretation is that people who have otherwise led comfortable middle class lives their entire life are suddenly on the bread line through no fault of their own. Or maybe they did overspend in the car (and presumably other things too) if they don't have enough savings for at least a few months.
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jojo69
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Activity: 3318
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diamond-handed zealot
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May 08, 2020, 09:48:48 PM |
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This is a food distribution center (bread line) in Las Vegas. I have to note that every single car there is much nicer and newer than anything I own. Hm. A possible interpretation is that people who have otherwise led comfortable middle class lives their entire life are suddenly on the bread line through no fault of their own. A possible interpretation is that they overspent on credit, had no emergency fund and no backup plan for any disruption to their comfortable middle class lives. Once again, I am the chump for living within my means and planning ahead.
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