xhomerx10
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July 14, 2022, 07:46:03 PM Merited by JayJuanGee (1) |
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To the Point ( What to Say now )
Yeah 'cause there is absolutely no markup on anything else you might consider purchasing.
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ChartBuddy
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July 14, 2022, 08:04:55 PM |
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LFC_Bitcoin
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July 14, 2022, 08:15:30 PM |
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An imminent recession or even great depression is one of the worst kept secrets in global macro finance. When it does happen & get confirmed by the asshats in power of first world countries, how do you think the bitcoin market will react?
I mean theoretically bitcoin should pump on such news but it never does. I’m just wondering how low we go when the inevitable happens.
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Wilhelm
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An imminent recession or even great depression is one of the worst kept secrets in global macro finance. When it does happen & get confirmed by the asshats in power of first world countries, how do you think the bitcoin market will react?
I mean theoretically bitcoin should pump on such news but it never does. I’m just wondering how low we go when the inevitable happens.
I don't think we are going to go down much... The only downward pressure would be people needing to sell to pay bills. The majority of Bitcoin is under whale control or in Diamond hands 🙌 💎
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JayJuanGee
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July 14, 2022, 08:54:23 PM Last edit: July 14, 2022, 09:17:23 PM by JayJuanGee Merited by LFC_Bitcoin (5) |
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Hahahahaha I like the way that several of them chat the Matt Damon mantra (even Matt Damon) each time before giving some of the demonstrations of what "investment" is "good" for us. There are many more countries in queue to join Srilanka i.e. El Salvador, Ghana, Egypt, Tunisia and Pakistan. Bloomberg I see your source is very neutral in its assertion of imminent collapse of these various countries... Oh what a coincidence? El Salvador on the list. Wow.... Who would-a-thunk? Why don't counties sit and find a peaceful solution to problems? Why only war?
War is a very lucrative business & corrupt governments (all of them) like to step one weaker ones to make money. I think most people are in for a world of pain in the coming 12-18 months. The cost of living has soared & is set to get even worse. I don’t know how the average family is going to survive. This is why we buy bitcoin though, to safeguard our future. From the amount that you sold at $50k, are you 75% or more back in LFC? I cannot remember the latest and greatest in terms of your buy back thresholds, though I recall you bought most back.. I had thought that you were holding back a bit of fiat, and surely in times like these, those might not be bad ideas, even though you surely took a route that differs quite a bit from my comfort levels... but of course, presumptively we have somewhat differing balancing of the factors too.. except maybe our time in bitcoin is pretty close to one another.. but even our being 9 months apart could have some affects in the way that our balancing of factors comes out.. Of course for me, I have had to do some jiggering of things around, so yeah some of this has played out quite strangely so far, and surely it seems not even close to being over with in terms of various kinds of drama down the road.. In regards to BTC versus various kinds of traditional investments and the kinds of hedging that people might do in regards to their traditional investments, it remains somewhat interesting (and painful at the same time) to consider possible negative scenarios in which BTC might stay irrationally correlated to various macro smoke and mirror dances that seem to be happening, and some of the desperate times call for desperate measures does not even cause irrational kinds of ongoing correlations to continue and we cannot necessarily presume breaking of correlations even though part of bitcoin's ongoing value proposition is that it has not been correlated from the start, even though it appears to be quite correlated in the shorter time-frames... Oh and some of the recent theories that seem somewhat convincing would be that bitcoin's free-est of all markets status would cause it to both crash and then go on an UPpity exponential tear sooner and harder than any others, but that still does not tell us within any kind of high level of confidence whether the bottom is already in or not.
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ChartBuddy
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July 14, 2022, 09:03:32 PM |
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LFC_Bitcoin
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@JJG My average sell price was something like $53,800. I sold some at $60,000 & $65,000. I sold nothing below $50,000. I’ve bought a nice % of what I sold back. Still have a lot of dry powder though. If for example we were to go to something like $12,000 - $15,000 I might end up with a similar amount of bitcoin that I had in 2021 & that’s after buying a new home outright from bitcoin (no mortgage) & paying capital gains taxes.
To be honest though, I prefer if the price doesn’t dump too much more. Crab market until the next halving is fine, if possible. If we get rugged though I will of course buy the dip. Still sitting on a pile of fiat atm though waiting to see what happens.
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HI-TEC99
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July 14, 2022, 09:33:32 PM Merited by JayJuanGee (1) |
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@JJG My average sell price was something like $53,800. I sold some at $60,000 & $65,000. I sold nothing below $50,000. I’ve bought a nice % of what I sold back. Still have a lot of dry powder though. If for example we were to go to something like $12,000 - $15,000 I might end up with a similar amount of bitcoin that I had in 2021 & that’s after buying a new home outright from bitcoin (no mortgage) & paying capital gains taxes.
Did you get thousands of questions from the exchanges you sold on, then thousands of questions from the banks you sent the money to?
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LFC_Bitcoin
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July 14, 2022, 09:42:51 PM |
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@JJG My average sell price was something like $53,800. I sold some at $60,000 & $65,000. I sold nothing below $50,000. I’ve bought a nice % of what I sold back. Still have a lot of dry powder though. If for example we were to go to something like $12,000 - $15,000 I might end up with a similar amount of bitcoin that I had in 2021 & that’s after buying a new home outright from bitcoin (no mortgage) & paying capital gains taxes.
Did you get thousands of questions from the exchanges you sold on, then thousands of questions from the banks you sent the money to? I’d already verified myself beforehand with Kraken as a pro member or whatever they call it (the highest band). I sent them proof of purchases etc. This was a while back though. I have to admit they were fantastic, every withdrawal was smooth & quick. My fiat banks were fine too as again I’d pre warned them. The biggest issue I had was buying a house. The solicitor (property conveyancer they call themselves here) made me jump through hoops to prove source of funds. For long periods I thought I wouldn’t be able to use bitcoin generated fiat profits to buy a home. I printed off every transaction going back to 2014 & in the end they passed me.
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JayJuanGee
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July 14, 2022, 09:54:52 PM |
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Why don't counties sit and find a peaceful solution to problems? Why only war?
War is a very lucrative business & corrupt governments (all of them) like to step one weaker ones to make money. I think most people are in for a world of pain in the coming 12-18 months. The cost of living has soared & is set to get even worse. I don’t know how the average family is going to survive. This is why we buy bitcoin though, to safeguard our future. With fiat like euro, yaun losing value, the only option left is bitcoin. I am for the first time stop converting my crypto to stable coin rather keeping my assets in bitcoin. As my country is also in list of bankruptcy so better to have a backup plan. Very soon we will have 1 bitcoin = 1 bitcoin, as all fiat's are going down. Hopefully, each of us finds ways to balance our allocations in bitcoin, versus fiat, versus other investments that we might have. Overallocations and even thinking that something is going to happen because it has happened previously does not result in good risk management. Don't get me wrong, I am not opposed to aggressive allocations in bitcoin, and there are likely not a whole hell of a lot of people who really can practically keep all of their value in bitcoin.. Observing. Going up. Going down. Enjoy the ride either way. Me no doesn't like down.. Therefore, I cannot enjoy.. unless up (lots of) first.. Celsius...
Suggestion for the next poll:
Have you ever transferred (some of) your BTC to Celsius?
1. Yes, my entire stash. 2. Yes, a percentage of my stash. 3. NO! Not your keys, not your coins!
Anonymous poll.
I wonder what the result would be...
Well there was at least one douchebag peddling that shitty company here in WO over the last 18 months. Either that person got rekt or was an inside shill. So option 1. in your poll should have at least one upvote or that person has either left WO for good / can't access it because they are behind bars or is a completely dishonest fuckface. Actually, your comment causes me to conclude that there is likely going to be some variance in the amount that peeps put in, and it might even be good to expand to various others that had filed for Chapter 11 Bancrupcy.. Remember Voyager had been the firm that took over Circle accounts a few years ago and then got further depositors into their interest (or should I say "yield?) services after that. My proposed revision to the poll would be something like this: >>>>> Have you ever transferred (some of) your BTC to Celsius and/or Voyager?
1. Yes, my entire stash (fortune favors the brave - don't you know nuttin?). 2. Yes, a percentage of my stash. more than 50% but less than 100% of my stash. 3. Yes, between 25% and 50% of my stash. 4) Yes, less than 25% of my stash. 5) NO! Not your keys, not your coins!<<<<<<
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ChartBuddy
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July 14, 2022, 10:04:53 PM |
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JayJuanGee
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July 14, 2022, 10:25:04 PM Last edit: July 14, 2022, 10:45:12 PM by JayJuanGee |
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Celsius...
Suggestion for the next poll:
Have you ever transferred (some of) your BTC to Celsius?
1. Yes, my entire stash. 2. Yes, a percentage of my stash. 3. NO! Not your keys, not your coins!
Anonymous poll.
I wonder what the result would be...
Well there was at least one douchebag peddling that shitty company here in WO over the last 18 months. Either that person got rekt or was an inside shill. So option 1. in your poll should have at least one upvote or that person has either left WO for good / can't access it because they are behind bars or is a completely dishonest fuckface. Yes, I do remember someone mentioning Celsius and a couple of other similar-type sites. Can't remember who it was, and the forum's search engine is not so good in finding old posts. I also remember some of us giving the usual "not your keys..." reply. I hope s/he listened to us. I wonder... Bitcoin itself offers huge gains, if one is willing to wait for a while. How greedy can one get, to not be satisfied by this, and to want even more gains, at the risk of losing it all? Greed squared? I am pretty sure that there were several members who brought up Celsius, and some members did not say anything against it either... even if they were not promoting it.. There had been several members that might not have mentioned any specific service yet at the same time pushing the idea that bitcoin was not sufficient in itself because it "does not earn a dividend/yield/interest." A pretty common theme. Another common theme that likely got a lot of folks reckt is the idea of borrowing against your BTC, and surely I am not opposed to the idea of leverage and even using leverage to buy bitcoin, but surely people can end up taking things way too far, including getting way overleveraged (and maybe not even realizing it). I never agreed to using any of those bitcoin-related services in regards to leveraging bitcoin because so far I had not seen any that were seeming to be mature enough to actually offer favorable terms, but then now I am seeing that favorable terms can end up tricking any of us into using a service that does not have sufficient and adequate collateral and that may well be rehypothecating coins lent to it into services that are not adequately collateralized. We are seeing some of the problematic areas regarding how we might end up providing our bitcoin as collateral, and surely there still could be ways to accomplish such - even though some of those services likely do need to mature.. and maybe even provide some assurances regarding their having coins that they claim to have, and we might even need to know how they are able to provide the interest rates on the coins that you would be lending to them. Chart Buddy Please give some good news I'm expecting good News coming week because I'm pretty sure about the Death end i think bottom is coming up next week so i will make buying there still i have some small Limit orders 18.5k 18k 17.5k 50$ each according to me 17.5k will be bottom may be lets see for now I'm happy about those who made buying at 69K So let's give relief to their souls There is nothing wrong (or even crazy-making) with buying bitcoin at $69k so long as you did not just sit on your hands in the last 8 months, and as long as you did not blow your whole stash (of fiat) at $69k at that time. It is quite reasonable that someone with a fairly consistent BTC buying strategy in the last 8 months could have ended up having an average BTC buy price at or below $40k.. .. so each buy right now would bring down the average buy price per BTC pretty decently for that kind of person with an average buy price of around $40k per BTC. And of course, mileage is going to vary depending on how to have had dealt with the whole BTC accumulation matter financially and psychologically and what kinds of BTC accumulating strategies to be employing currently if it might go beyond a mere HODL strategy.. but if a BTC accumulator runs out of fiat, the next most feasible and prudent strategy may well be to HODL until more cash comes in, and hopefully anyone with even half of a level of prudence and reasonableness in his/her brain starting to buy BTC at $69k should have some kind of cashflow, otherwise starting buying BTC at $69k would have bordered upon retardness.. and sure there are some people who are retarded and should not be buying BTC **.. but you cannot save some peeps from their lil selfies.. **nothing that I say in this here post, including referring to some peeps as possibly retarded, is meant to stop or to slow down any peep from buying BTC with as much money as they can muster up while the BTC prices are "still low,"(aka "on sale") relatively speaking. #justsaying.. #doyr #ymmv, #nfa, #yolo #ccmfLink does not work ( Edit whoops, I reloaded it several times, and then it worked.. ..take that back).
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ChartBuddy
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July 14, 2022, 11:01:20 PM |
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In the silence
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''Vincit qui se vincit''
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July 14, 2022, 11:11:17 PM |
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preev.com is back online! So happy. edit: I checked now, they're up but their tip address below disappear? Or it's just me remembering things that don't exist.
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Hamza2424
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July 14, 2022, 11:28:49 PM |
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The $100Trillion Market Overview, Newbies including me always worries about the future of the ceypto there's nothing complicated i think so if we consider just 100T market's Half 1/2 $50T then it can fullfill all the possible BTC ATH values what can you expect more let me explain how $2T+ market cap= BTC $69k $900B market cap= BTC $20k Now imagine $5T= ? Then $10T= ? Then $20T= ? Then just $50T = ?So Buddies Hold your seats and move on by just Leaving price movement jsut naturally. Speculations important but if you already calculated the time to market value then avoid the small stones in the way that's all, i was just trying to show that how we can be Bullish in the Bear market because we need to be always Bullish for Long Term its the reality that if you are consistent then nobody can be Lossing always someday sometime trend will reverse and it will make a Future after History.
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JayJuanGee
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Don't fall for what looks too good to be true, because it almost always is. Even Bitcoin could be called "too good to be true" by those who do not understand it. It is one of the few exceptions to this rule.
Yep.. bitcoin is too good to be true..... Even though in reality, it is not. That is part of what is so amazing about bitcoin. We have an asset class that is largely available to almost anyone.. and has so far provided so much of an asymmetric bet to the upside, which has meant that normies having not needed a whole hell of a lot of capital to get into it, which makes it accessible as fuck.. and there really is nothing in the data to show that the investment thesis for bitcoin has changed in the past 6-8 years, and seems to have even gotten stronger in the past 2.5-ish years. But instead of being prudent, reasonable and even somewhat aggressive in terms of getting into bitcoin, quite a few normies seem to either not get in at all and some who do choose to get in want to gamble or leverage down in terms of their upside bet.. an there is no need to do all that.. you can get rich as fuck (or at least just improve your lot significantly) with out gambling.. Isn't that too good to be true.. even though it just happens to be true?** **I know, I know, I know that I saying the same thing as you AlcoHoDL, but I just cannot help it since I like to hear my lil selfie speak.. as "they" say. ....theoretically bitcoin....... I’m just wondering how low we go when the inevitable happens.
I am pretty sure (the last time I checked with Craig) that the ONLY thing that is close to "inevitable" in bitcoin is ongoing volatility. Other than that, I am having trouble considering what else might be "inevitable" in respects to bitcoin. #askingforafriendAn imminent recession or even great depression is one of the worst kept secrets in global macro finance. When it does happen & get confirmed by the asshats in power of first world countries, how do you think the bitcoin market will react?
I mean theoretically bitcoin should pump on such news but it never does. I’m just wondering how low we go when the inevitable happens.
I don't think we are going to go down much... The only downward pressure would be people needing to sell to pay bills. The majority of Bitcoin is under whale control or in Diamond hands 🙌 💎 What about the influencenings of "the nakeds"? Don't "the nakeds" matter? #askingforafriend@JJG ....Crab market until the next halving is fine, if possible.
Fair enough regarding your overall response .....and overall, there is likely some comfort in just having various options in terms of having a decent amount of cash available to be used, but also o.k. to not use such cash, too.. and for sure it cannot be very comfortable for many of us if we are seeing various aspect of the world burning down around us, even if we may well feel that we had taken a decent amount of precautionary measures.. So even though my own personal situation handled various aspects of the overall volatility differently from you, there are some difficulties to feel as if the world is going to hell, even if considering my way of framing my situation to potentially go from ONLY 20x up to another status that might ONLY be 10X up.. .. which surely there would be a point to run out of money to buy more.. and then could there really be regrets? at some point if the BTC price goes down , there does become a kind of true test regarding "am I really going to hold to zero?" and also at some point: "something seems broken about this thing to be going so low?" Would $10k trigger such feelings? Perhaps? perhaps? or maybe BTC prices would need to go lower than $10k to start to feel as if something must be broken, and I did not get the memo. Regarding the idea of crabbening .. I get my lil "smart ass" response that I cannot resist but to say: "Bitcoin no doesn't work like that." hahahahahaha.. in other words, to me, it seems like a kind of fantasylandia to expect that crablandia on the way up is any kind of realworld possibility in bitcoinlandia... I might keel over from a heart attack if we were even able to achieve crablandia up to $69k -- I would have to shake my head, and say: "Bitcoin no doesn't work like that. Wake me up! Wake me up!!! Wake me up!!!!!!"
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ChartBuddy
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July 15, 2022, 12:03:33 AM |
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philipma1957
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July 15, 2022, 12:33:03 AM |
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bull shit mining cost was not 24k in June and is not 13k now fucking flat out garbage lies. not the poster but Bloomberg is the liar or JPMorgan is the liar. or should I say 1 lies and the other swears to it. To the Point ( What to Say now )
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vapourminer
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what is this "brake pedal" you speak of?
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July 15, 2022, 12:42:34 AM Last edit: July 15, 2022, 01:02:43 AM by vapourminer |
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and the ring door camera records audio.. wonder how sensitive it is.. like can it record conversations inside the house near the wall its mounted on? and, if so, how near is near..
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