philipma1957
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August 27, 2021, 04:56:34 AM |
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Someone has, sir. I consider you someone. You know this energy thing is one of the many reasons I have realized we are still SO early. Hueristic can tell you... Poker players call it level thinking. I am sure it's not just poker players who call it that... Thing is so few people have figured out that Bitcoin will revolutionize the power industry more than pretty much anything else aside from the "money industry". It will eventually change SO MANY OTHER things... But power is basically second order. Almost still first... But it's one level away from the base. Bitcoin takes power! HUUR DUUR Bircorn bad. Use power for nothing. Bitcoin will drive an energy revolution unlike anything we have seen so far. This is not hyperbole. And I am sure some of you poker players have already seen it. Bitcoin creates a power consumer base layer. Most of the time we think of power as something we do not have enough of. Something we all have to share like a pie. But there is more atomic energy in a single penny than we can really imagine. But I will help. The energy in one US penny (3.1 grams of copper plated zinc) is FOUR TIMES the amount of energy released by the bomb that was dropped on Hiroshima. We have more potential wind, solar, nuclear, and yes, hydrocarbon energy available to us than we could use in millions of years. The problem is it takes WORK to build the systems that produce the energy. And work is the distilled value of human lives. If you were to build a large hydroelectric energy source, or a nuclear reactor in MANY parts of the world where this is a REAL NEED for energy, there would not be a demand large enough to justify the expense. So there are places all over the world that NEED energy, but do not have it. Bitcoin fixes this. Really. Because NOW we can build a dam that serves a area somewhere in the world that is starved for power. But it's OK that there re not enough power customers to make the dam profitable! Just rack up a pile of bitcoin miners!!!!! THEY can pay for the dam. And then you have abundant energy for the surrounding villages, which will grow to out compete the old bitcoin machines for the power that resource produces. Bitcoin will revolutionize the energy markets. There is no way it doesn't. yeah we have a few hundred kwatt in solar arrays. We are adding 500 more due to the good mining this yeah. most people don’t understand that solar is really cheap and does work. oil coal and gas companies own a shit ton of solar tech and simply restrict it. yet another subsidy for them and against solar. Every rooftop can generate power. it is a way to create real esate. 800 to 1000 watt panels could be built right now rather than 350-400 watt panels. My home could do 30 panels or 12k system which is about 2kwatt an hour 24/7/365 if set to the grid. if the better panels were allowed i could do 2x that. or 4x watt an hour about 100kwatt a day. my summer rate is 16 cents so 8 could do 16 dollars a day if the better panels were not restricted. it is coming maybe 5-10,years.
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Arriemoller
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Morning!
So, I bought some BTC today for the first time since 2014.
I decided to do a little experiment, I was offered a loan from a company (Qliro) and accepted, I borrowed 20 000:- (about 2300 USD), I set aside four months worth of payments on the loan (this will be used to pay of the loan for the coming four months) and bought btc for the rest (17500:- (about 2000 USD)) and I put those btc in a separate wallet.
Now I'm going to sell these btc in December when we go skyrocketing and the little experiment here is to see how much money I will make on this. The plan is of course to repay the loan in full in December and do something fun with the profit. I have been offered to up the loan with another 50 000:-, I might do that, still thinking about it.
So, as you can see the whole point is to make money without having to put in any of my own.
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ChartBuddy
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August 27, 2021, 05:01:25 AM |
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Biodom
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August 27, 2021, 05:02:26 AM |
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Someone has, sir. I consider you someone. You know this energy thing is one of the many reasons I have realized we are still SO early. Hueristic can tell you... Poker players call it level thinking. I am sure it's not just poker players who call it that... Thing is so few people have figured out that Bitcoin will revolutionize the power industry more than pretty much anything else aside from the "money industry". It will eventually change SO MANY OTHER things... But power is basically second order. Almost still first... But it's one level away from the base. Bitcoin takes power! HUUR DUUR Bircorn bad. Use power for nothing. Bitcoin will drive an energy revolution unlike anything we have seen so far. This is not hyperbole. And I am sure some of you poker players have already seen it. Bitcoin creates a power consumer base layer. Most of the time we think of power as something we do not have enough of. Something we all have to share like a pie. But there is more atomic energy in a single penny than we can really imagine. But I will help. The energy in one US penny (3.1 grams of copper plated zinc) is FOUR TIMES the amount of energy released by the bomb that was dropped on Hiroshima. We have more potential wind, solar, nuclear, and yes, hydrocarbon energy available to us than we could use in millions of years. The problem is it takes WORK to build the systems that produce the energy. And work is the distilled value of human lives. If you were to build a large hydroelectric energy source, or a nuclear reactor in MANY parts of the world where this is a REAL NEED for energy, there would not be a demand large enough to justify the expense. So there are places all over the world that NEED energy, but do not have it. Bitcoin fixes this. Really. Because NOW we can build a dam that serves a area somewhere in the world that is starved for power. But it's OK that there re not enough power customers to make the dam profitable! Just rack up a pile of bitcoin miners!!!!! THEY can pay for the dam. And then you have abundant energy for the surrounding villages, which will grow to out compete the old bitcoin machines for the power that resource produces. Bitcoin will revolutionize the energy markets. There is no way it doesn't. ...if the better panels were not restricted. it is coming maybe 5-10,years. restricted by whom? import restrictions or some kind of safety regulations? Hey, Phil, did you know that Blockstream bought Spondoolies? ...memories from a while ago.
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OgNasty
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Looks like we’re about to bounce off the trend line. If things continue as they are, I could see hitting new highs in early October. Certainly that would be the beginning of a run to a blow off top sometime in early December. That is if you believe in fractals or stock to flow ratios.
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ChartBuddy
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August 27, 2021, 06:01:41 AM |
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serveria.com
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August 27, 2021, 06:15:16 AM |
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Looks like we’re about to bounce off the trend line. If things continue as they are, I could see hitting new highs in early October. Certainly that would be the beginning of a run to a blow off top sometime in early December. That is if you believe in fractals or stock to flow ratios.
100% so. We could hit an ATH already in September. After that the face-melting mother of all pumps will start. That's all SOMA of course.
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Jazmin Leslie
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August 27, 2021, 06:28:40 AM |
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Very strange, every time I turn on my phone after dancing, the price of Bitcoin collapses. Since the end of our rehearsal performance on May 19th, I slumped in the bathroom and watched the price of Bitcoin,In the past 3 months, I rarely danced because I was afraid to remember everything I experienced that day.
During this period of time, the price has picked up, and my mood has almost adjusted,I want to continue dancing, but I probably experimented with it 5 to 6 times,No matter what day I go to dance, the price of Bitcoin will definitely fall on that day,I am very distressed. Later, I short Bitcoin every time I go to the dance studio,Today is the 7th time.
I did a new jazz dance for my sister 3 hours ago,My dad told me seriously that I must tell him before I dance next time.He opened an empty order in advance.
cant sleep since 3.00 am So might as well have coffee and start the day. Jazmin yes please, post your dancing schedule for the next month right here. I'll be ready to open 100x leveraged short positions, it looks like you may be on to something. I won't go to the dance studio for the next week or two, because I'm going to buy more bitcoins.
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aoluain
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August 27, 2021, 06:42:28 AM Merited by JayJuanGee (1) |
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Morning!
So, I bought some BTC today for the first time since 2014.
I decided to do a little experiment, I was offered a loan from a company (Qliro) and accepted, I borrowed 20 000:- (about 2300 USD), I set aside four months worth of payments on the loan (this will be used to pay of the loan for the coming four months) and bought btc for the rest (17500:- (about 2000 USD)) and I put those btc in a separate wallet.
Now I'm going to sell these btc in December when we go skyrocketing and the little experiment here is to see how much money I will make on this. The plan is of course to repay the loan in full in December and do something fun with the profit. I have been offered to up the loan with another 50 000:-, I might do that, still thinking about it.
So, as you can see the whole point is to make money without having to put in any of my own.
I like your thinking and this is something I did last year and enjoying the benefits of this year but you are posting off topic here. Have a look at this thread in the trading discussion board. How weird is it to borrow money and invest into Bitcoin?
Looks like we’re about to bounce off the trend line. If things continue as they are, I could see hitting new highs in early October. Certainly that would be the beginning of a run to a blow off top sometime in early December. That is if you believe in fractals or stock to flow ratios.
100% so. We could hit an ATH already in September. After that the face-melting mother of all pumps will start. That's all SOMA of course. Traditionally September has not been a great month for Bitcoin but remember back in April we said traditionally April was one of the best months and it turned into a damp squib, hopefully September can buck the historical data.
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fillippone
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August 27, 2021, 07:01:21 AM Last edit: May 15, 2023, 11:15:30 PM by fillippone Merited by Phil_S (2), Toxic2040 (1) |
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Talk about cool, yet unuseful, visualisation of bitcoin price: https://twitter.com/LynAldenContact/status/1430998256977383428?s=20Axes represent the years, starting from "9" you have 2009, then at "12" you have 2010 "etc .... each quarter turn is a year, each full turn is a halving cycle (approximately). The purple line is the price of Bitcoin, on a logarithmic scale. The representation is cool, but the scientific value is nil. You can represent also another thing in satoshi's scale, obviously they,re spiralling on the other direction: https://twitter.com/LynAldenContact/status/1430998265596633095?s=20More at: https://clockworkpartners.com/
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ChartBuddy
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August 27, 2021, 07:01:25 AM |
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ChartBuddy
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August 27, 2021, 08:01:25 AM |
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LFC_Bitcoin
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August 27, 2021, 08:40:15 AM |
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JJG, I’m on about a bit of fun money, 4 figures in USD. I would never, ever, ever risk a serious amount of corn on leverage which is essentially gambling.
Hopefully we don’t dip more any way. Be interesting to see what happens tomorrow.
You likely realize that a lot of my tone was not directed at you personally because I already suspected that you were likely not even have been monkeying around with a very large percentage of your overall BTC holdings/value. Another thing there are some guys who might appreciate that even 1% of their total BTC holdings/value is now adding up to a whole hell of a lot of money, so maybe they might not even want to monkey around with that amount of BTC holdings/value. Maybe I should ask you on a personal level if you had ever even imagined having such as state of mind about bitcoin in terms of our having bounced between $28.6k and $65k, and largely a lot of us longer term HODLers are considering these areas as potential consolidation areas.. for surely, you had some nervousness in regards to whether $28.6k was going to be the bottom of this consolidation range, but even only a few years ago during our correction in 2018 there were quite a few of us (not really sure if I was largely in that camp, but I was not completely out of it either) who were having some regrets about NOT selling more during the 2017 price run, and sure there were some of us who might have thought that we maybe should have sold 70% to 100% of our stash during that price run. I will say that on a personal level I might have sold 12% of my stash, so maybe I was considering that it might have been nice for me to sell larger amounts, such as up to 20% or 30% and then bought back lower. Now some of those same people who had been more inclined to sell over 70% to 100% of their stash are struggling with even conceiving themselves to sell more than 50% of their stash.. .. and sure, even if they might be willing to sell more than 50% of their stash, they are not so easily convinced that there would be value in selling more than 70% of their stash.. too much risk in something like that, even if the price might end up correcting down quite a bit after our upcoming blow off top... whenever that might peak.. whether at the end of this calendar year or if the blow off top ends up dragging out into sometime into 2022. I sold nothing in 2017 (apart from all the fork coins). I felt like an idiot for quite a while, missing out on life changing money at the time, not knowing if/when it would return. Luckily for me, my greed or idiocy in 2017 has served me well as I’m sure you can imagine, looking at the price today. I sold 6 on the way up to the ATH this year. I actually managed to buy them all back on the way down to 29k & still have over six figures in fiat in my bank account. Initially I was planning to sell quite a lot of my stash during this bull run (laddered sells every $5,000 from $50,000 to $160,000 if we’re lucky enough to go that high or higher). After much thinking, there isn't much else to put your fiat in is there. I’m mid 30’s, there’s certainly no point having vast amounts of fiat in the bank is there. I plan to sell possibly 30% (which is still a lot of money as you can imagine) & invest a bit in property & the S&P500. I’ll have more than enough cash aside too which will get me through the next 3.5 or so years until we start the ascent in the next bull market. I don’t want to sell 75% of my stash at maybe $100,000 & see $700,000 per coin or something in 2025. Playing around with big money is not easy, is it. We are an elite band of gentlemen, our decisions will shape the future of our family bloodline.
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eXPHorizon
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Precision Beats Power and Timing Beats Speed.
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August 27, 2021, 08:50:11 AM Last edit: August 27, 2021, 09:25:18 AM by eXPHorizon |
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I had a dreadful thought one day, that many of the so called Trolls may have mental illness. I would not want any of them to cause themselves harm because of some remark I'd made. So I've decided to go soft and treat them sympathetically. While behind the scenes I may have a little chuckle to myself. Can you imagine what it's like visiting this forum as a no coiner, reading lots of posts with people actively involved in the Bitcoin space but being too afraid to join them and just get in at today's price, always praying for the big drop down to whatever price, then if it gets there, they still don't buy in. So they can only shout in from the sidelines, joyous at the discomfort some holders experience when the price tanks. The Germans have a word for it 'schadenfreude'. While Billy Coiner was making stupid comments at $30k, I bought BTC 0.25 at $31.5k thinking the $32k window was about to close, I was wrong and when it dropped further I bought another BTC 0.25 at $29.6K. Not often spare fiat and buying opportunities arise at the same time. Meanwhile Billy Coiner will be suffering extreme angst at the rest of the forum's good fortune. With Phillipma the miner generating windfall profits from the hashrate fall, our resident cowboy getting on with his dream ranch, (I do hope he drops the litigation against his neighbor, draw a fucking line down the middle of the disputed land it amounts to 0.4 acres each, shake hands and get on with life.) Jimbo developing his lake I hope the mosquitos ain't too bad. Countless others realizing some of their life's ambitions. Lambos, hookers and blow. Or even a John Deere, not much difference in price from a Lambo, 380 HP but not much female pulling power, 0-30 in 2 minutes.
One thing that comes across in your voluminous posts is the recurring theme of looking at Bitcoin over the long term. I like the concept of the 200 week moving average and have come to regard this as a better price indicator than the frothy tops. And all the in-between action is just so much noise in a super 12 year bull run. I like too that you advocate to would-be buyers to DCA their purchases. One of my sons allocates 25% of his salary every month and just buys it at month end price. He tells me he hopes to be retiring at 40 in a few years time having reached your definition of Fuck Off status. For most giving up work seems to be a big goal. I guess it would be for me too, if I had to answer to a boss. Fortunately I've never had a boss, I run my own business, the successes and failures of my decisions are mine, the buck stops with me, all the rewards are mine and the IRS. I like my work, I get extreme satisfaction from farming, it is true that it is more a way of life than a job, as such I've probably never worked a day in my life. Family farms suffer high rates of bankruptcy and for me Bitcoin gives the security that I have a good buffer against any future bad years. Keep on filling these pages Mr Jay
Well put Bill, I chuckle alot to myself too. It is rather sad that we live in a world where a Delusional Troll with no capacity to create anything in his life get to choose what People get and dont get. It is not about money. Money is feeble when it comes to Inventions and Beneficial studys for Human Kind. Just like an Electric Solution for the whole Globe would be worth around 369 Trillion $ if we would be selling such a thing. Thats 90 Tril Yearly for as long as the Grid works. When a Brilliant Person comes in the Circles of Ordinary it is easily identifiable Who the Brilliant person. The Ordinary instantly create a Barrier and fight with all 4 to stop the Extrodinary from Progressing. I have spent my whole life studying, I have learned almost everything about Humanity and the important parts of History. Therefore tricking me or making me a Mule for someone is impossible And no I am not going to search for investors for the Grid. Ever! if I am going to make such a thing ill make it with Help not with Investment. I have learned much about this thanks to Nikola Tesla which was the Greatest Scientists in our Counted Time line! Therefore I decided that nobody ever again is going to make Good Money from me. I give freebies to those Who Helped me in any way and they make good money from THAT Freebie. But thats Crumbs compared to what I can actualy produce. So ID rather Die than produce anything for the Reptilian like scum. "Bruce Lee : A limited Mind cannot think Freely."
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fillippone
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We are an elite band of gentlemen, our decisions will shape the future of our family bloodline.
This is big responsibility toward our (future) lineage. As someone often says: "It's not difficult to become rich. What is difficult is to stay rich".Preserving our (your) multi-generational wealth is a gargantuan task. But, as you beautifully stated, we are an elite band of gentlemen. Born on maths, hard money, and low time preferences, instead of greed, violence and advantage positions.
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ChartBuddy
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August 27, 2021, 09:01:32 AM |
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bitebits
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August 27, 2021, 09:11:41 AM Last edit: August 27, 2021, 09:27:13 AM by bitebits Merited by LFC_Bitcoin (7), JayJuanGee (1) |
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This is so cool, Bitcoin's four year cycle price 'growth rings': https://twitter.com/LynAldenContact/status/1430998256977383428EDIT: Should have known you are quicker than me @fillippone. Will not delete the post just because of its awesomeness. And I post a picture of a tree:
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fillippone
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August 27, 2021, 09:20:32 AM Last edit: May 15, 2023, 11:15:22 PM by fillippone Merited by JayJuanGee (1) |
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Ehm.......
On a separate news... https://twitter.com/BTC_Archive/status/1431175169385566208?s=20News also from BBG: Cuba to Recognize and Regulate Crypto on the IslandHavana (AP) -- Cuba's government said Thursday it will recognize — and regulate — cryptocurrencies for payments on the island.
A resolution published in the Official Gazette said the Central Bank will set rules for such currencies and determine how to license providers of related services within Cuba.
<...>
The resolution says the Central Bank can authorize use of cryptocurrencies “for reasons of socioeconomic interest” but with the state assuring that their operations are controlled. It also explicitly noted that operations could not involve illegal activities.
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AlcoHoDL
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August 27, 2021, 09:39:51 AM Last edit: August 27, 2021, 11:13:06 AM by AlcoHoDL |
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I think it's pretty useful actually, as a visualization aid, to illustrate the exponentially steady rise of the price of Bitcoin. In a standard Lin-Log graph, this would be a straight line with a positive slope, but this is not very intuitive for most people. The polar chart above nicely shows the near-constant step between spiral circles (4-year periods = Halving periods). This step is roughly one order of magnitude (10x), meaning that there is roughly a 10x price increase between Halvings. This is equivalent to an average of 1.8x price increase per year. If, after seeing this graph, one still refuses to invest in Bitcoin, then I can give him/her no hope. There's nothing for him/her, but to live a life of misery and humiliation, and forever stay poor. Edit: Also, another very important point illustrated in this graph is that the spiral circles never cross. This means that Bitcoin has always been profitable within any 4-year time period in its history.
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ChartBuddy
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August 27, 2021, 10:01:27 AM |
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