JimboToronto
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You're never too old to think young.
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January 23, 2021, 08:48:39 PM |
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https://www.coindesk.com/institutions-buy-bitcoin-dips-price-volatility...the total bitcoin transactions on the network remains high, according to data from South-Korea based blockchain analytics firm CryptoQuant. However, the ratio of bitcoin transfers involving all exchanges to all bitcoins transfers network-wide has not gone up, indicating that most transactions were done through over-the-counter (OTC) deals, a preferred approach by institutional investors...
...“Only 7% of network transactions are used for exchange deposits and withdrawals,” Ki Young Jun, chief executive at CryptoQuant, said, adding that “93% of transactions in the Bitcoin network is used for non-exchange transactions like OTC deals.”...
...This “buying-the-dip” behavior by institutions such as MicroStrategy isn’t something new. A fourth-quarter market report from OKEx Insights, the research arm of crypto derivatives exchange OKEx, shows that institutional investors did not take “the-wait-and-see” approach when prices were experiencing high volatility last year...
...The recent price volatility is due to “over-leveraged” speculative traders and retail investors who found themselves “weak-handed,” according to OKEx Insights Senior Editor Adam James...
...“There is little reason to assume institutional interest in the bitcoin space will suddenly disappear in 2021,” James said, noting MicroStrategy’s new bitcoin purchase and BlackRock’s interest in bitcoin futures. “Because institutional investors tend to have longer time frames in mind when investing, they are unlikely to be phased by January’s price decrease and potentially happy to make investments at lower prices.” OTC trades... buy the dip... don't be weak-handed... longer time frames... Seems the institutional professionals think the same way we WOers do. The rich get richer and the poor get altcoins poorer.
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Tash
Sr. Member
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Activity: 1190
Merit: 305
Pro financial, medical liberty
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January 23, 2021, 08:49:46 PM |
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philipma1957
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'The right to privacy matters'
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January 23, 2021, 08:52:18 PM Last edit: January 23, 2021, 10:20:56 PM by philipma1957 |
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the main drivers of the modern era starting in the renaissance are technology, science and capital. the europeans were the first ones who were able to position those forces in an self amplifying set up and this enabled them them to conquer the world in the 19th century. the US americans founded their economy on those strong forces and were able to americanize the world in an entire century of pax americana during the 20th century. the 21th century could be dominated by hightech asian nations with strong emphasis on markets/capitalism and science.
i think it is fascinating that the breakthrough in computer science we call bitcoin is a technology that resembles pure capital itself. it almost seems to be the case that an alchemist wizard that called himself satoshi was able to take all three main forces of modern age, threw it into some big computational/digitization bowl, added some game theory spice and BOOM - created a self fulfilling NGU value accruing feedback loop that no one and nothing can stop. bitcoin is pure tech, pure capital and pure science melded into a creature that will eat all analog value existing.
edited
The concept of burning power to create wealth was brillant. Which is why I argue against all pos coins. I argue against all coins that use BTC algorithm. You only need BTC to use that Algorithm I argue against all centralized coins like ETH. I do think a few lessor coins burning burning on a different algorithm are worth while. All the fools that argue buring power to make coin are small minded fools. I have seen solar arrays built in under 6 years (2016) be fully paid off due to mining BTC. They now have 15-20 years left before they break and they are already fully paid off. BTC with proper power use could pay for solar panels everywhere and anywhere. As could LTC+DOGE and a few other coins with a few other algorithms. We have the tech right now to grow solar 20x in under 10 years. Mining coins mostly BTC could do this for us. I prefer 3 tier system but Others do like BTC as a standalone. The idea of 1000+ coins of which hundreds are POS is pretty sad.
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Hueristic
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Activity: 3948
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Doomed to see the future and unable to prevent it
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January 23, 2021, 08:54:28 PM Last edit: January 23, 2021, 09:26:10 PM by Hueristic |
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HODLsleep
HODLsleep
Dblspend spotted. SELL!
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serveria.com
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Privacy Servers. Since 2009.
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January 23, 2021, 09:24:47 PM |
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HODLsleep
HODLsleep
Dblspend spotted. OMG we're doomed! Sell all your BTC NOW!
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Sayeds56
Copper Member
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Activity: 1428
Merit: 740
Buzz App - Spin wheel, farm rewards
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January 23, 2021, 09:37:34 PM |
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@JayJuanGee, Thanks for pointing out my mistake for not being more specific when attempting to predict BTC price. Next time I will mention range with figures.
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xhomerx10
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January 23, 2021, 09:57:18 PM Merited by JayJuanGee (1) |
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@JayJuanGee, Thanks for pointing out my mistake for not being more specific when attempting to predict BTC price. Next time I will mention range with figures.
Let me help you out with that: We're in a good place.
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600watt
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January 23, 2021, 10:10:53 PM |
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@JayJuanGee, Thanks for pointing out my mistake for not being more specific when attempting to predict BTC price. Next time I will mention range with figures.
Let me help you out with that: We're in a good place. excellent work. where is that blue line at? 50k? 100k? i will bet on it, so pls tell me
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xhomerx10
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January 23, 2021, 10:20:11 PM |
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@JayJuanGee, Thanks for pointing out my mistake for not being more specific when attempting to predict BTC price. Next time I will mention range with figures.
Let me help you out with that: We're in a good place. excellent work. where is that blue line at? 50k? 100k? i will bet on it, so pls tell me Top blue line ends on 14 June 2021 and blue line is at ~$69800 good luck!
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DIA7
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January 23, 2021, 10:22:16 PM |
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HODLsleep
HODLsleep
Dblspend spotted. OMG we're doomed! Sell all your BTC NOW! if you are selling I'm be buying that dip.
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xhomerx10
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Activity: 3976
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January 23, 2021, 10:31:45 PM |
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HODLsleep
HODLsleep
Dblspend spotted. OMG we're doomed! Sell all your BTC NOW! if you are selling I'm be buying that dip. Come on in, the bitcoin is fine
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El duderino_
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BTC + Crossfit, living life.
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January 23, 2021, 10:59:25 PM |
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HODLsleep
HODLsleep
Dblspend spotted. OMG we're doomed! Sell all your BTC NOW! if you are selling I'm be buying that dip. Come on in, the bitcoin is fine HODLsleep
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El duderino_
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Activity: 2646
Merit: 12948
BTC + Crossfit, living life.
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January 23, 2021, 11:01:00 PM |
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HODLsleep
HODLsleep
Dblspend spotted. OMG we're doomed! Sell all your BTC NOW! if you are selling I'm be buying that dip. Come on in, the bitcoin is fine
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dieselmeister
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January 23, 2021, 11:20:17 PM |
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HODLsleep
HODLsleep
Dblspend spotted. OMG we're doomed! Sell all your BTC NOW! if you are selling I'm be buying that dip. Come on in, the bitcoin is fine Very creepy gif... Urgs
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sirazimuth
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born once atheist
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January 23, 2021, 11:51:52 PM |
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..... Hmmm... Lets see now.... ...rotate 180 ....crop phuuuuck!!!....my ancient free software Irfan view has those options greyed out for a gif...well that sucks. Oh well, no silly waving penis gif....
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xhomerx10
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January 24, 2021, 12:05:18 AM |
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..... Hmmm... Lets see now.... ...rotate 180 ....crop phuuuuck!!!....my ancient free software Irfan view has those options greyed out for a gif...well that sucks. Oh well, no silly waving penis gif.... Hmmm... liquid sky?
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JayJuanGee
Legendary
Online
Activity: 3850
Merit: 10872
Self-Custody is a right. Say no to"Non-custodial"
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January 24, 2021, 01:50:46 AM Last edit: January 24, 2021, 02:01:33 AM by JayJuanGee |
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@JayJuanGee, Thanks for pointing out my mistake for not being more specific when attempting to predict BTC price. Next time I will mention range with figures.
Ok.... I am looking forward to it. #nohomoBy the way, remember any half way decent BTC price dynamic prediction is going to contain both a quantity element and a time element, and sure the more specific that you try to be, then the more likely that you are either going to be wrong or you are engaging in pure gambling type calls.
Ranges will tend to do much better, and they are surely acceptable in these here parts because most experienced bitcoiners neither expect anyone, who has been in bitcoin for a while, to be able to provide specific numbers and specific dates, and the more that the wannabe sorcerer engages in such practices of providing specifics, the more likely that members here are going to be skeptical of the genuineness of their BTC price dynamics prediction information. Damned if you do and damned if you don't.. but sure, good luck in such balancing act, Sayeds56, I still would not mind seeing what kinds of numbers and timelines you had in mind in terms of our current BTC price situation.
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arcmetal
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January 24, 2021, 02:06:37 AM Last edit: January 24, 2021, 02:22:44 AM by arcmetal |
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may we change the unit ? https://twitter.com/PeterSchiff/status/1352625339944607744The idea that Bitcoin is scarce as there's only 21 million is nonsense. One #Bitcoin merely represents an arbitrary quantity of 100 million Satoshis. So, it's the total number of Satoshis that must be considered. With a supply of 2.1 quadrillion Satoshis are anything but scarce! man, is this schiff guy such a dim light? look at a kilogram of gold. that is 1000g of gold. 1 gram of gold is 1000000000 ng 1000gram of gold is 1000000000000 ng which is one trillion nanograms. one trillion ng is anything but scarce! do we really need to discuss with guys that full blown stupid? divide a pizza 1 trillion times and feed the world forever with it? jeez... His line of thinking needs to be repeated for the whole world to see, repeatedly. I believe that what Peter Schiff is trying to delineate can be best understood by the conjurings of this sweet tart: https://www.youtube.com/watch?v=Fkqg6HE888AThese two need to be lumped together, they are two peas in a pod (even if the sweet girl's comments are just scripted).
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JimboToronto
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You're never too old to think young.
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January 24, 2021, 03:23:14 AM |
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Shouldn't that be the middle finger/toe?
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