600watt
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September 28, 2020, 04:45:02 PM Merited by LFC_Bitcoin (1) |
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And look how my GF Made my travelcase, map with all the papers and where to go “haha, but how very sweet” Just affraid that i would miss something i guess Every page hours flights marked etc ....... Dude. You need to put a ring on that finger of hers. He is a 'genius' as BTC goes down he will see if it was for himself or the BTC Hoard My gf of 10 years (we are early 30’s - got together young) is currently in the phase of telling me that I ruined ‘our lives by not selling when it was $19,000’. the thing you need to convince her about is: bitcoin went from zero to $19k. if you would be the kind of person with a more traditional mindset when it comes to investing, you would have sold after hitting 2x or 3x. you didn't because you knew deep down inside that there was a 50x or 100x waiting for you. and still is. you are sitting on the hottest investment ever created.
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explorer
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September 28, 2020, 05:01:34 PM Merited by LFC_Bitcoin (1) |
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You forgot the last image with the caption "7 years later... I'm divorcing you and taking half of your bitcoin!"
Sorry love, I lost everything you in a boating accident.....ftfy
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Biodom
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September 28, 2020, 05:04:29 PM Last edit: September 28, 2020, 07:20:37 PM by Biodom |
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No wonder the exchanges' reserves have come down so much this year. Just a couple of million more and we get our supply shortage event.
You said in one sentence what it took me a JJG sort of novella to try to say above. Not looking forward to that. IMHO, what is happening (my hypothesis): faced with constant withdrawals, exchanges instituted a scheme where they are getting re-hypothecated bitcoin from the likes of blockfi, celsius, nexo and crypto.com That's why price does not react to bullish events, as long as their "supply" is virtually unlimited. The question is: do you trust that each btc on exchange 'actually' represents a "real" bitcoin or a bitcoin genuinely "borrowed" from the companies mentioned above? I strongly suspect that it is not the case. It is probably much, much worse. There is not going to be any supply shortage as long as the 'scheme' continues unabated.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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September 28, 2020, 05:04:49 PM Last edit: September 28, 2020, 05:36:24 PM by JayJuanGee Merited by Karartma1 (1), VB1001 (1) |
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It will be interesting to see the final result. Yep interesting. When the BTC price is going up, many of us tend to gravitate towards greater levels of optimism in regards to UPpity and even considering that UPpity is more and MOAR inevitable. Of course, waves take place - and also at some point, we are going to enter into a "last time below $10k" point in time. Really knowing the bottom is probably almost as powerful as knowing peaks - but surely, we know that neither peaks nor bottoms can really be known with any kinds of high levels of certainty, except in retrospect. No wonder the exchanges' reserves have come down so much this year. Just a couple of million more and we get our supply shortage event.
You said in one sentence what it took me a JJG sort of novella to try to say above. Not looking forward to that. IMHO, what is happening (my hypothesis): faced with constant withdrawals, exchanges instituted a scheme where they are getting re-hypothecated bitcoin from the likes of blockfi, celsius, nexo and crypto.com That's why price does not react to bullish events, as long as their "supply" is virtually unlimited. The question is: do you trust that each btc on exchange 'actually' represent a "real" bitcoin or a bitcoin genuinely "borrowed" from the companies mentioned above? I strongly suspect that it is not the case. It is probably much, much worse. There is not going to be any supply shortage as long as the 'scheme' continues unabated. Those engaged in fractional reserves could get caught on the wrong side of those kinds of bets, too.... Fractional reserves is part of the theory of what happened with MTGOX... sure, those kinds of actors may well be able to play their bad fractional reserve bets (which does not adequately prepare them for UP) for a while but sometimes face-melting UPpity could come with extreme explosiveness and thereby cause chickens to come home to roost for those kinds of ill-prepared betters - and really show who the naked swimmers happen to be (employment of mixed metaphores, of course).
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Torque
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September 28, 2020, 05:11:14 PM |
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My gf of 10 years (we are early 30’s - got together young) is currently in the phase of telling me that I ruined ‘our lives by not selling when it was $19,000’.
You can: 1. Remind her that without your initial interest in Bitcoin, you/she would likely have none at all by this point. --or-- 2. Dump her.
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OutOfMemory
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Man who stares at charts (and stars, too...)
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September 28, 2020, 05:14:12 PM |
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voted. 22/ 23
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BitcoinGirl.Club
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Bitcoingirl 2 joined us 💓
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September 28, 2020, 07:12:14 PM Last edit: May 14, 2023, 04:50:18 PM by BitcoinGirl.Club |
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A yes from me but I am going to hope my best that it never happen anymore. Good evening WO! Observing @ $10,870
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bitcoinPsycho
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$120000 in 2024 Confirmed
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September 28, 2020, 07:22:08 PM |
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A yes from me but I am going to hope my best that it never happen anymore. Good evening WO! Observing @ $10,870 Id say 50/50 is fairly accurate
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El duderino_
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BTC + Crossfit, living life.
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September 28, 2020, 07:29:06 PM |
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Will we visit 11k again ?? This night perhaps??
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vapourminer
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what is this "brake pedal" you speak of?
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September 28, 2020, 07:33:37 PM |
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^^
asking the important questions
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El duderino_
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BTC + Crossfit, living life.
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September 28, 2020, 08:05:22 PM |
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^^
asking the important questions
As always....
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Indymoney
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September 28, 2020, 08:13:52 PM |
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A yes from me but I am going to hope my best that it never happen anymore. Good evening WO! Observing @ $10,870 Id say 50/50 is fairly accurate Now we are 27/25 as its very cruicial any thing can happen like before 1st October we are going touch $11K and staying on this for some good time.
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fillippone
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September 28, 2020, 09:17:26 PM Last edit: September 29, 2020, 08:59:36 AM by fillippone |
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Sorry to bring up this post, but I am once again 50 pages late in reading the WO...
(* Another subject that I recently began to write about, and did not yet finish: Fractional reserve banking is mathematically impossible with Bitcoin. Because fractional reserve banking is not what most people think it is—it is worse—it creates money out of thin air, whereas it is impossible to loan new bitcoins into existence out of nowhere.)
Indeed, this is why I have been looking into DeFi. I see a legitimate function here. A new gold standard, where Bitcoin, the digital gold takes the place of the physical gold, while some higher layer DeFi token, compete in a free market for dominance à la Hayek, allowing a full financial system (yes, with credit allowed by fractional lending) based on a decentralised, trustless framework. EDIT: I am on page 27275 Bitcoin: a sly, roundabout way https://twitter.com/sthenc/status/1310673774111371264?s=21
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BobLawblaw
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I voted for seeing sub $10k again, because it's the only thing that really gives me a sense of fear any more.
Makes me feel alive.
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JayJuanGee
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September 28, 2020, 09:55:59 PM Last edit: September 28, 2020, 11:52:26 PM by JayJuanGee |
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I voted for seeing sub $10k again, because it's the only thing that really gives me a sense of fear any more.
Makes me feel alive.
Hey bob.. I like it... mostly You fuck #nohomoAnd, the reality of the matter is that the odds are probably greater than 50/50 that sub $10k will be revisited at some point in the near future (between 1 day hour** to 2 years from now), so why create unrealistic expectations by voting against something that has decently high odds of happening in the whole scheme of things... but such same thing that you prefer NOT to happening? ** Edited to account for how close we had been to $10k at the time that I first posted, which was $10,850 at the time of the original post - two hours later, observing a dip down to $10,629
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LFC_Bitcoin
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#1 VIP Crypto Casino
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September 28, 2020, 09:57:00 PM Last edit: September 28, 2020, 10:10:30 PM by LFC_Bitcoin |
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I voted for seeing sub $10k again, because it's the only thing that really gives me a sense of fear any more.
Makes me feel alive.
Haha @VersusTheMan Normies: 2017: Bitcoin @ $5k - "I missed the boat" 2021: Bitcoin @ $50k - "I missed the boat" 2025: Bitcoin @ $250k - "I missed the boat" 2029: Bitcoin @ $900k - "I missed the boat" 2033: "Dude, my boss just gave me a 100,000 satoshi per year raise!" https://twitter.com/versustheman/status/1310653661278736385?s=21@physic
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Torque
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September 28, 2020, 11:54:05 PM |
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Sorry to bring up this post, but I am once again 50 pages late in reading the WO... (* Another subject that I recently began to write about, and did not yet finish: Fractional reserve banking is mathematically impossible with Bitcoin. Because fractional reserve banking is not what most people think it is—it is worse—it creates money out of thin air, whereas it is impossible to loan new bitcoins into existence out of nowhere.)
Indeed, this is why I have been looking into DeFi. I see a legitimate function here. A new gold standard, where Bitcoin, the digital gold takes the place of the physical gold, while some higher layer DeFi token, compete in a free market for dominance à la Hayek, allowing a full financial system (yes, with credit allowed by fractional lending) based on a decentralised, trustless framework.
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HI-TEC99
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September 29, 2020, 01:02:48 AM |
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Damn, Barting down again.
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Arriemoller
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Cлaвa Укpaїнi!
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September 29, 2020, 01:54:41 AM |
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Again, you are reading from the history books = bullshit Again, what are your sources? Books of engineers and PhD's who did the qualified research, that is why i am trying to tell you, that you should do your own reading Why don't you read some books of archaeologists instead, you know, the guys that are actually experts on the topic. Or maybe you consult them when you need to know how to build a bridge.
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