BitcoinBunny
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Far, Far, Far Right Thug
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April 06, 2021, 10:50:12 AM |
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So, BTC dominance vs alts. What do you guys n GIRLS think happens next. A guess: Alts continue to rise BeCaUsE tHeY aRe So GoOd
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somac.
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Never selling
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April 06, 2021, 11:13:17 AM |
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Judging from the shitcoin market and the consolidation at these high levels in bitcoin for some time now, I think that we have less than 2 or 3 days before bitcoin breaks out out in a major way to the upside. I wouldn't be surprised if it happens today.
However, I've also seen before that when shitcoins go full stupid like they are right now the whole market collapses first, then bitcoin takes off, shitcoins don't. Time will tell. But one thing is certain is that shitcoins will always be shit and bitcoin will always be king. Long live the king and hodl!
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philipma1957
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'The right to privacy matters'
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April 06, 2021, 12:05:48 PM Merited by JayJuanGee (1) |
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A bonus protip.. you do not become richie by selling your BTC.
Without selling any BTC how you will be rich then? Of course selling all will be stupid.. but you have to sell sometime... world still runs on fiat... (and Merc, GMC, Toyota, Honda etc)Surely the implication of my above snipe is in regards to selling all or selling too much too soon. Of course, also, there is a need to figure out a kind of balance, but in these times, there should be goals of figuring out accumulation goals and attempting to manage such accumulation goals. Once you have achieved your BTC accumulation goals (and perhaps even over-accumulating) then you have a lot more flexibility in terms of selling portions or reallocating or whatever. Bonus protip 2: attempting to accumulate BTC by selling BTC is quite likely a very much inferior strategy to DCA buy, buy on dip and HODL - Bonus protip 3: Like any rule there are exceptions, don't automatically believe that you are going to be able to fit within the exceptions - until you have mastered and understood the basics first - which in BTC are DCA buy, buy on dip and HODL. if all you do is buy to acquire BTC DCA & buy dip HODL are best. To think you can buy the Dip sell the peak Wait for the crash and buy in real low is a pipe dream. Even though I mine for most of my BTC I buy dips on PayPal for PAYPAL btc I DCA on coinbase. right now coinbase has a nice setup a $50 usd weekly buy and they give you $10 on 4th and 8th buys. so 420 worth of btc for 400 via a weekly DCA of eight weeks.
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lightfoot
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I fix broken miners. And make holes in teeth :-)
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April 06, 2021, 12:14:28 PM |
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Judging from the shitcoin market and the consolidation at these high levels in bitcoin for some time now, I think that we have less than 2 or 3 days before bitcoin breaks out out in a major way to the upside. I wouldn't be surprised if it happens today.
However, I've also seen before that when shitcoins go full stupid like they are right now the whole market collapses first, then bitcoin takes off, shitcoins don't. Time will tell. But one thing is certain is that shitcoins will always be shit and bitcoin will always be king. Long live the king and hodl!
I tend to watch the Litecoin/Bitcoin ratio as an indicator of what shitcoins are doing. Back during the previous runup a few years ago LTC was running at around .12 BTC to .16 BTC. Now it's spent over a year at .004 and even today is around .0038 or so. So not much of a pump at all when compared to what BTC did earlier this year. I'd keep an eye on Eth, but it is complete dishonest garbage and not worth the effort.
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Wilhelm
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April 06, 2021, 12:23:02 PM |
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Should have created my own blockchain token called Random Asshole Tokens or RATS and watch it go up 20% today for no reason too.
Love it
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d_eddie
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April 06, 2021, 12:34:45 PM |
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Magnet link for the facebook flat files. 15G
magnet:?xt=urn:btih:0595273ab674e05131a757f69f494a4285b429aa&dn=Facebook%20Leak%20%5b2019%5d%5b533M%20Records%5d%5b106%20Countries%5d
Torrent looks dead here.
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BitcoinGirl.Club
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Bitcoingirl 2 is downloading 💓
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April 06, 2021, 12:44:55 PM Last edit: May 14, 2023, 04:32:22 PM by BitcoinGirl.Club |
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Well any way... sorry to tell you guys... but you all are wrong... it's an ant!! You are wrong, it's an Elephant Ant!!! Such huge, I never seen in my life 😂 Naah. It's an elephANT!You f**kers are creative! 😂
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d_eddie
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April 06, 2021, 12:48:31 PM |
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Aha, now I see. Lender makes a btc transaction to the borrower. So, no longer the lender's keys. This checks out. If the btc are not back by the given time, the collateral is released (to the lender, I suppose). So the risk would be an insolvent borrower AND the collateral not covering the "new" value of btc at loan expiry. This also checks out. What does not check out is the following. Imagine being the borrower. Imagine being asked for, say, 200% collateral. Maybe in USDC/USDT? OK. So at expiry, if the btc you borrowed is worth more than the collateral, why give the loan back? Let the lender just have the collateral. On the contrary, if the btc you borrowed is worth less than half the collateral, give it back of course, and keep your relatively precious collateral. In other words: a shorter's paradise. (EDIT - No: it's more like an arbitrage, since it's impossible to lose if this is all there is to it.) Am I missing something? It's obvious I am, but I don't know exactly what - or I wouldn't be missing it Another thing that escapes me: if you can post, say, 100k usd collateral, why would you borrow a bitcoin rather than buying one - or two? For simplicity, I'm assuming 1btc = 50k$. Biodom, have you been able to figure this one out? Just sounds like market forces then. Gotta predict what's going to happen and hope for the best. Either side could win or lose. Yeah, market forces - but would you lend your btc in such a scenario? I sure wouldn't. Or I would ask for maybe 500% collateral, so I'm covered if she makes less than a 5x. No borrower in their right mind would put up that much collateral if they have it in a blockchainable form, that is, in some crypto token as opposed to, say, real estate. Imagine that on top of this, there's interest to be paid(borrower)/gained(lender) too - which means even more incentive (statistically) for the borrower to stay insolvent and let you have the collateral if number go up enough. That's why I think I've missed something.
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Biodom
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April 06, 2021, 12:59:03 PM |
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Aha, now I see. Lender makes a btc transaction to the borrower. So, no longer the lender's keys. This checks out. If the btc are not back by the given time, the collateral is released (to the lender, I suppose). So the risk would be an insolvent borrower AND the collateral not covering the "new" value of btc at loan expiry. This also checks out. What does not check out is the following. Imagine being the borrower. Imagine being asked for, say, 200% collateral. Maybe in USDC/USDT? OK. So at expiry, if the btc you borrowed is worth more than the collateral, why give the loan back? Let the lender just have the collateral. On the contrary, if the btc you borrowed is worth less than half the collateral, give it back of course, and keep your relatively precious collateral. In other words: a shorter's paradise. (EDIT - No: it's more like an arbitrage, since it's impossible to lose if this is all there is to it.) Am I missing something? It's obvious I am, but I don't know exactly what - or I wouldn't be missing it Another thing that escapes me: if you can post, say, 100k usd collateral, why would you borrow a bitcoin rather than buying one - or two? For simplicity, I'm assuming 1btc = 50k$. Biodom, have you been able to figure this one out? Just sounds like market forces then. Gotta predict what's going to happen and hope for the best. Either side could win or lose. Yeah, market forces - but would you lend your btc in such a scenario? I sure wouldn't. Or I would ask for maybe 500% collateral, so I'm covered if she makes less than a 5x. No borrower in their right mind would put up that much collateral if they have it in a blockchainable form, that is, in some crypto token as opposed to, say, real estate. Imagine that on top of this, there's interest to be paid(borrower)/gained(lender) too - which means even more incentive (statistically) for the borrower to stay insolvent and let you have the collateral if number go up enough. That's why I think I've missed something. Possible, it is difficult to say before the proposal is fleshed out, but you are probably right: if the value of loaned btc exceeds the collateral (they are talking 200% of current value), then it could be beneficial to the borrower to never return the loaned bitcoin. However, this could be remedied by simply buying a call option at 200% current price. then, it is just a matter of whether that call option has a larger premium than what you get from a loan. If yes-no deal, if no-deal is possible. All and all-not for the faint-hearted, but but there could be some takers, especially if btc slows down from 200% a year.
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heslo
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April 06, 2021, 12:59:14 PM |
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Man, the 59-60k range is proving to be a right pain in the ass
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Biodom
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April 06, 2021, 01:01:04 PM |
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Man, the 59-60k range is proving to be a right pain in the ass
Why? It surely beats going down. This stability is rather fake and won't last, imho. Frustration is mostly felt with stupid coins popping left and right, not with btc itself.
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d_eddie
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Activity: 2632
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April 06, 2021, 01:02:05 PM |
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Aha, now I see. Lender makes a btc transaction to the borrower. So, no longer the lender's keys. This checks out. If the btc are not back by the given time, the collateral is released (to the lender, I suppose). So the risk would be an insolvent borrower AND the collateral not covering the "new" value of btc at loan expiry. This also checks out. What does not check out is the following. Imagine being the borrower. Imagine being asked for, say, 200% collateral. Maybe in USDC/USDT? OK. So at expiry, if the btc you borrowed is worth more than the collateral, why give the loan back? Let the lender just have the collateral. On the contrary, if the btc you borrowed is worth less than half the collateral, give it back of course, and keep your relatively precious collateral. In other words: a shorter's paradise. (EDIT - No: it's more like an arbitrage, since it's impossible to lose if this is all there is to it.) Am I missing something? It's obvious I am, but I don't know exactly what - or I wouldn't be missing it Another thing that escapes me: if you can post, say, 100k usd collateral, why would you borrow a bitcoin rather than buying one - or two? For simplicity, I'm assuming 1btc = 50k$. Biodom, have you been able to figure this one out? Just sounds like market forces then. Gotta predict what's going to happen and hope for the best. Either side could win or lose. Yeah, market forces - but would you lend your btc in such a scenario? I sure wouldn't. Or I would ask for maybe 500% collateral, so I'm covered if she makes less than a 5x. No borrower in their right mind would put up that much collateral if they have it in a blockchainable form, that is, in some crypto token as opposed to, say, real estate. Imagine that on top of this, there's interest to be paid(borrower)/gained(lender) too - which means even more incentive (statistically) for the borrower to stay insolvent and let you have the collateral if number go up enough. That's why I think I've missed something. Possible, it is difficult to say before the proposal is fleshed out, but you are probably right: if the value of loaned btc exceeds the collateral (they are talking 200% of current value), then it could be beneficial to the borrower to never return the loaned bitcoin. However, this could be remedied by simply buying a call option at 200% current price. then, it is just a matter of whether that call option has a larger premium than what you get from a loan. If yes-no deal, if no-deal is possible. All and all-not for the faint-hearted, but but there could be some takers, especially if btc slows down from 200% a year. Thanks for confirming it looks as it looks. Agreed - market forces, as P_Shep said. Lending would make much more sense in a bear market.
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heslo
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April 06, 2021, 01:05:18 PM |
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Man, the 59-60k range is proving to be a right pain in the ass
Why? It surely beats going down. This stability is rather fake and won't last, imho. Frustration is mostly felt with stupid coins popping left and right, not with btc itself. Oh I'm not complaining, we're extremely privileged to be part of this at the price we are at. I've just had enough of watching it drop down every time we hit that range again. #firstworldproblems
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hv_
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Clean Code and Scale
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April 06, 2021, 01:11:49 PM |
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Biodom
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April 06, 2021, 01:16:51 PM Merited by JayJuanGee (1) |
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vapourminer
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what is this "brake pedal" you speak of?
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April 06, 2021, 01:34:33 PM |
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Magnet link for the facebook flat files. 15G
i wonder if there are records for those who "deleted" facebook and yet are still in the database.
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BitcoinBunny
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Far, Far, Far Right Thug
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April 06, 2021, 01:43:05 PM Last edit: April 06, 2021, 02:14:36 PM by BitcoinBunny Merited by JayJuanGee (1) |
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What a load of FUD crap. Jimmy Nguyen's argument is no different than suggesting collectors should not be allowed to own and trade expensive paintings because they were designed to be a gift to individuals or on display at a certain household, not in a museum or in a private collection. His argument could also be applied to wine: it was meant to be a drink so should never cost more than 5 bucks per bottle. Just drink it, regardless of how old and special the bottle is. His argument could also be applied to real estate: well these houses were meant for small families so shouldn't cost more than $100K, even in New York City. His argument could also be applied to land: well all 7 billion of us should get an equal bit of space so I should pay the same for a bit of land in the centre of London as a desolate outpost in Utah. Gold has a usage in manufacturing, so why is it allowed to be traded or hodled? In the 1960s no one (except for Gene Roddenberry perhaps) foresaw that every individual would have access to a computer so should we hand them all back? There are even old videos of "scientists" suggesting you would go down to your "local" computer in a village / city to get a computation done and go back home. etc. What a dumbass and what a dumbass presenter for just taking his word and not challenging his arguments with facts. The fact that Bitcoin has evolved into something more valuable than a peer to peer payment network I think is only a good thing. Finally individuals can keep their assets safe. Individuals who for centuries were systematically kept out of the stock exchange game. To sum up his stance: "All cryptos are crap and unnecessary except ours. We can do all the things all other cryptos do." "There are so many cryptos out there because BTC did not scale." -except that's not the reason, it's easy to make a crypto after the idea was out there. Like creating a rivalling company to almost anything in the world in the past. In the end most fail and the best ones will remain. And with best, that is a very loose term, it is mostly due to supply and demand and what is more attractive to the average person and what grows via word of mouth. You could have a better singer than Ariana Grande, if that person doesn't look as good and isn't marketed as well that person doesn't stand a chance. What a complete fraudster or fudster.
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Philipma1957cellphone
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April 06, 2021, 01:47:54 PM |
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Man, the 59-60k range is proving to be a right pain in the ass
It is a beautiful plateau get used to it.
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Biodom
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April 06, 2021, 01:48:51 PM |
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The role of bitcoin (just the current role ) is played by Bernie "Mittens" Sanders and Bilal is the current market vibe. lol. Hopefully, it would reverse soon. Honestly, i just like the vibe-could listen to it many times. https://www.youtube.com/watch?v=r0iraPdxD9Q
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Richy_T
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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Should have created my own blockchain token called Random Asshole Tokens or RATS and watch it go up 20% today for no reason too.
I mean, this is the reason there are more than 7000 alts so why not?
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