Bitcoin....who's gotten into it?

[stalefish3169]

Don't tell the haters in this thread, they think BTC isn't real.

This is pretty much how they sound when they talk about teh magic internet money.

https://www.youtube.com/shorts/E7szMDqev2g

[JimmyCarter]

Don't tell the haters in this thread, they think BTC isn't real.

This is pretty much how they sound when they talk about teh magic internet money.

https://www.youtube.com/shorts/E7szMDqev2g

[J. Barron DeJong]

Tether is fully backed.

https://www.reuters.com/technology/s...q2-2023-07-31/

Oh sure, sure. Whatever you say.



https://davidgerard.co.uk/blockchain...e-etfs-coming/

Yes, a very upstanding offshore crypto entity.

[MakersTeleMark]

I prefer USDC, but I don't trust Circle either. It's not something I would hold, just use quickly.

[Vt-Freeheel]

This poor soul has decided to sell his companion beanie baby due to it losing value. Poor thing, dumped to the street like Towlie after a weekend racer. I knew the nft craze was actual bullshit but of course some did make money flipping this shit on unsuspecting dolts.

[stalefish3169]

Oh sure, sure. Whatever you say.



https://davidgerard.co.uk/blockchain...e-etfs-coming/

Yes, a very upstanding offshore crypto entity.

You and David need to take the L.

Do you still think crypto is a fad? Like you think one day the entire industry is just going to go away? What do you think the most probable outcome is?

[stalefish3169]

This poor soul has decided to sell his companion beanie baby due to it losing value. Poor thing, dumped to the street like Towlie after a weekend racer. I knew the nft craze was actual bullshit but of course some did make money flipping this shit on unsuspecting dolts.

Some speculators get rekt, but NFT tech is only going to become more ubiquitous. The NFT terminology could become less common though.

[stalefish3169]

If only there was some sort of technology that could utilize the methane to make money for landfill owners while reducing the impacts of climate change...

https://www.nytimes.com/2024/03/28/c...emissions.html

[Bunion 2020]

^^^ To make more of something that keeps going up radically in price as more supply is made.

That you believe BTC going from $ 20K to 70K while the supply increases is a normal reality is so cute.

[Flounder]

Do you still think crypto is a fad? Like you think one day the entire industry is just going to go away? What do you think the most probable outcome is?

Not Mr. Jong but I think Bitcoin is essentially the world’s first too big to fail Ponzi scheme. No enforcement agency is ever going to try to dismantle it. As long as the whales can keep manipulating the market to attract more “buy the dip” money it will plug along. I don’t see any big gains and likely a slow decline. It’s going to get harder to attract new money.

Five years every salesperson wanted to talk about how blockchain could help my business. They have all moved on to AI. Not sure if there is any market for the underlying tech. I also think there will be an issue in attracting more money from the get rich quick crowd. Many have moved on to sports betting as that proliferates across the country. The last Super Bowl didn’t have a single crypto ad but a ton of sports book ads.

I hope all of you that are into crypto come out ahead. Plenty of people make money in Ponzi schemes. Lots get ruined as well.

[CarlMega]

Five years every salesperson wanted to talk about how blockchain could help my business. They have all moved on to AI. Not sure if there is any market for the underlying tech. .

This is my experience in payments. A bit over 5 years ago, the feelers were out - CEOs had it on their roadmaps and presentations - pitches were made... and then...poof. Zero appetite from merchants/card acceptors. And it was due to practical reasons that I've detailed here before. The value proposition was terrible for running a business.

But I do give a nod to the tracking stock phenomena. Simply put, the network will exist to support the ETFs. If you think about it, with BTCs terrible scaling limits and friction points - this is a much better fit for the technology. And that's interesting - have we had something that was purely virtual traded in established markets before?

This is no way an endorsement - I'm minded to fundamentals and don't put much weight on speculation. I think it's the most obvious example of the casino-a-faction of trading. Traders seem to be satisfied by the control points of the game: just like when you put a chip on 23, no one will add more numbers to the roulette wheel - and when you place your bet for 23, it will be honored with certainty.

[summit]

$20B of Tether used to bypass sanctions on Russia, US/UK investigating
https://www.bloomberg.com/news/artic...robed-by-us-uk

Crypto is most certainly not the primary a tool of criminals and criminal states!

[stalefish3169]

$20B of Tether used to bypass sanctions on Russia, US/UK investigating
https://www.bloomberg.com/news/artic...robed-by-us-uk

Crypto is most certainly not the primary a tool of criminals and criminal states!

Do you think it's a good idea to have a system where criminal activity can be tracked? Or one where it is much harder to track?

As explained in the report, the ongoing inquiry by the U.S. and U.K. has not found any wrongdoing by Tether. However, the stablecoin issuer, for its part, said that it has cooperated with authorities by freezing assets belonging to sanctioned entities.

“With Tether, every action is online, every transaction is traceable, every asset can be seized, and every criminal can be caught. We work with law enforcement to do exactly that,” Tether reportedly said.



https://news.bitcoin.com/uk-us-probe...ypto-exchange/







Just going to leave this here.

https://violationtracker.goodjobsfir...jpmorgan-chase

[byates1]

^^^ To make more of something that keeps going up radically in price as more supply is made.

That you believe BTC going from $ 20K to 70K while the supply increases is a normal reality is so cute.

Wow. How is it possible that you think BTC supply is increasing? Wow

[Bunion 2020]

Wow. How is it possible that you think BTC supply is increasing? Wow

Aren't more coins being Mined every day?

Bitcoin Supply is at a current level of 19.67M, up from 19.67M yesterday and up from 19.33M one year ago. This is a change of 0.00% from yesterday and 1.73% from one year ago.

[byates1]

Bro

There is no more BTC in reality. 5M BTC lost. 15M coins, ever.

Demand has been 10x supply for a month. 80 plus percent of BTC holders never will sell.

Fixed available daily supply cut in half in a few weeks.

Assuming more tradfi adoption we are going up bigly. Just watch.

[Bunion 2020]

21 Million coins isn't the "hard cap"?

And wtf do you mean 5 million are lost?

Demand has been 10x supply for a month. 80 plus percent of BTC holders never will sell.

And?
Those 2 points don't really explain anything except mania.

Best of luck to you.

[byates1]

When the largest asset managers on the planet are vacuuming up BTC as fast as possible that should be all the explanation you need.

[JimmyCarter]

When the largest asset managers on the planet are vacuuming up BTC as fast as possible that should be all the explanation you need.

That doesn’t mean what you think it means

[byates1]

It means BTC is over, it'll go to 200-500k in my lifetime and be a nice chunk of change for me.

[Bunion 2020]

^^^ I hope for you, you are right.

I also hope that if this is a bubble and pops, it does not lead to another financial markets meltdown.

Suffice to say I do enjoy fucking with you and Stalefish but it is not a nice thing to do so I will stop now and remain silent.

[byates1]

I wouldn't characterize your gross incompetence and obliviousness about BTC as fucking w us.

BTC is a tiny ~2T market. Even at 20T it's still a fringe asset. Impossible to meltdown the overall market.

[shera]

I love this one, just 39 seconds: https://www.youtube.com/watch?app=de...ature=youtu.be

[byates1]

Lol!!

[shera]

Maybe you remember, I was forced to accept shares of Ionic Digital during the Celsius bankruptcy. They are finally starting to go online at Cedarvale Texas.

These machines are s19, sitting in boxes for years now. I guess they might make some money with low cost power but the s19 is old tech now. I'm turning my s19 units off altogether after the halving and will only be running s21 (MUCH higher energy efficiency.)

https://twitter.com/IonicDigital/sta...05510428012933