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  1. #9026
    Join Date
    Dec 2016
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    In a van... down by the river
    Posts
    13,652
    "Built on libertarian principles" - there's a giant red flag.


  2. #9027
    Join Date
    Oct 2002
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    my own little world
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    5,838

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

    Quote Originally Posted by byates1 View Post
    30k seems to be support. I'm guessing we climb from here.
    Supported by what? What does that mean? Just psychologically, that seems to be where the appetite to begin purchasing again is? Or is there more to that statement?
    focus.

  3. #9028
    Join Date
    Jun 2020
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    5,526
    Quote Originally Posted by Mustonen View Post
    Supported by what? What does that mean? Just psychologically, that seems to be where the appetite to begin purchasing again is? Or is there more to that statement?
    Divining the future by reading the charts:

    https://www.investopedia.com/trading...stance-basics/

  4. #9029
    Join Date
    Nov 2002
    Location
    Cloud City
    Posts
    8,769
    You describe wall st!
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  5. #9030
    Join Date
    Dec 2004
    Location
    Where the sheets have no stains
    Posts
    22,067
    I'm sorry but as much as Wall Street can suck, the stocks that are bought/sold represent companies that produce actual products and employ actual workers who are paid actual money. That money goes into the economy and then round and round.

    Crypto does none of those things.
    I have been in this State for 30 years and I am willing to admit that I am part of the problem.

    "Happiest years of my life were earning < $8.00 and hour, collecting unemployment every spring and fall, no car, no debt and no responsibilities. 1984-1990 Park City UT"

  6. #9031
    Join Date
    Feb 2005
    Posts
    19,203
    Quote Originally Posted by Bunion 2020 View Post
    I'm sorry but as much as Wall Street can suck, the stocks that are bought/sold represent companies that produce actual products and employ actual workers who are paid actual money. That money goes into the economy and then round and round.

    Crypto does none of those things.
    Such bullshit.
    Is it radix panax notoginseng? - splat
    This is like hanging yourself but the rope breaks. - DTM
    Dude Listen to mtm. He's a marriage counselor at burning man. - subtle plague

  7. #9032
    Join Date
    May 2006
    Location
    Colorado
    Posts
    2,071
    Curious, what is the general mark for BTC for miners to make money vs. expenditures?

    eg: So in USD, hosting and equipment costs + energy costs + labor/other overhead to mine a BTC costs what?

    I'd guess the equipment costs need to be computed over lifespan to be useful eg: 5 year span of a $20K equipment investment would yield 2 coins or something.

    What I'm getting at is - when does the profitability model break or move into a 'current valuation' loss?

    This article referenced just energy costs using two different miners to be $26K and $31K.... Which is basically what BTC trades at.... sans other costs.

    https://bitcoinist.com/how-bitcoin-m...n-still-ahead/

  8. #9033
    Join Date
    Dec 2003
    Location
    Seattle
    Posts
    33,546
    Quote Originally Posted by MakersTeleMark View Post
    Such bullshit.
    It was pretty much spot on.
    Quote Originally Posted by Downbound Train View Post
    And there will come a day when our ancestors look back...........

  9. #9034
    Join Date
    Mar 2006
    Posts
    19,814
    Peter Brandt bought at $27k. He’s been calling that number for months.

  10. #9035
    Join Date
    Jun 2020
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    5,526
    Quote Originally Posted by PNWbrit View Post
    It was pretty much spot on.
    Yeah, an explanation on the bullshit comment would be helpful.

  11. #9036
    Join Date
    Apr 2006
    Posts
    7,451
    Quote Originally Posted by CarlMega View Post
    Curious, what is the general mark for BTC for miners to make money vs. expenditures?

    eg: So in USD, hosting and equipment costs + energy costs + labor/other overhead to mine a BTC costs what?

    I'd guess the equipment costs need to be computed over lifespan to be useful eg: 5 year span of a $20K equipment investment would yield 2 coins or something.

    What I'm getting at is - when does the profitability model break or move into a 'current valuation' loss?

    This article referenced just energy costs using two different miners to be $26K and $31K.... Which is basically what BTC trades at.... sans other costs.

    https://bitcoinist.com/how-bitcoin-m...n-still-ahead/
    I think it's like 8 grand

  12. #9037
    Join Date
    Dec 2008
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    PDX
    Posts
    4,758
    Quote Originally Posted by J. Barron DeJong View Post
    I wonder how byates and stalefish are doing. Haven’t shown there faces in here in a while…
    I posted multiple times in the last 24 hours. I'm good. Settle down.

    Like I conveyed yesterday, this thread is full of the same people who said crypto was dead in 2018 saying pretty much the same shit now. It's sort of like I'm beating them by 50 points in the fourth quarter of a football game and they're having a circle jerk because they just kicked a field goal.

    Sent from my Pixel 6 Pro using Tapatalk

  13. #9038
    Join Date
    Dec 2004
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    Where the sheets have no stains
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    22,067
    Cool baseball comparison Brah.
    I have been in this State for 30 years and I am willing to admit that I am part of the problem.

    "Happiest years of my life were earning < $8.00 and hour, collecting unemployment every spring and fall, no car, no debt and no responsibilities. 1984-1990 Park City UT"

  14. #9039
    Join Date
    Aug 2016
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    Quote Originally Posted by MakersTeleMark View Post
    Such bullshit.
    Wall Street isn’t a way for businesses to raise money? Why did COIN list then dumbfuck? Why did they sell bonds? I mean, they are all in on crypto why didn’t they crowd find from you morons?

    Call for my death again counselor, it totally makes you seem rationale not a fucking psycho cultist

  15. #9040
    Join Date
    May 2006
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    Colorado
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    2,071
    Quote Originally Posted by byates1 View Post
    I think it's like 8 grand
    Thanks that sort of tracks with this: https://minerdaily.com/2021/how-much...per_ASIC_model

    I'd really like to find a current costs (or live) chart as computation gets more complex, energy costs fluctuate, etc. But my takeaway is - still profitable in most cases but if you have older miner gear, maybe not so good.

  16. #9041
    Join Date
    Mar 2006
    Posts
    19,814
    Quote Originally Posted by dunfree View Post
    Wall Street isn’t a way for businesses to raise money? Why did COIN list then dumbfuck? Why did they sell bonds? I mean, they are all in on crypto why didn’t they crowd find from you morons?
    More often than not now public listing is so private capital can cash out. Not to fund growth.

  17. #9042
    Join Date
    Jun 2020
    Posts
    5,526
    Mr. ‘Black Swan’ himself chiming in:

    Click image for larger version. 

Name:	81754F1E-307E-49E5-A737-249E8DCCC1BB.jpg 
Views:	81 
Size:	402.0 KB 
ID:	416163

    https://twitter.com/nntaleb/status/1...lkgwt1wvj3PWGw

  18. #9043
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    Aug 2016
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    Quote Originally Posted by 4matic View Post
    More often than not now public listing is so private capital can cash out. Not to fund growth.
    Ability to exit doesn’t contribute to funding of growth?

  19. #9044
    Join Date
    Mar 2006
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    19,814
    Quote Originally Posted by dunfree View Post
    Ability to exit doesn’t contribute to funding of growth?
    What? Proceeds of an ipo used to go to companies. Now most are late stage unless it’s a SPAC or something. There’s not much expansive growth left

  20. #9045
    Join Date
    Dec 2010
    Location
    Mountains, Trees, and a Big Blue Lake
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    678
    I think he was referring to the Blokes ability to just make more for himself when he funds his next project. Takes $ to Make $.

    Since crypto has garnered value by looking shinny and sucking in lemmings it also looses value when the lemmings realize they really only have a use coin that is not really used for anything. Except ETH I keep having to pay huge gas fees. That shit is getting used. Now if I could just figure out how to sit on the other side of my trades.

    Pretty sure we are getting ready for a wash out, it might not be this week but it is coming. It may bounce but it appears ready to make lots of people question WTF they are doing. I said earlier I'm close to riding this out in the comfort of FDIC. If the smartest bond fund managers can't manage their bond portfolios today how is that these wiz kid have their collateral pools in order. Especially since none own OIL as a backing and that's pretty much the only thing up.

  21. #9046
    Join Date
    Feb 2007
    Location
    Hood River
    Posts
    661
    Quote Originally Posted by Bunion 2020 View Post
    I'm sorry but as much as Wall Street can suck, the stocks that are bought/sold represent companies that produce actual products and employ actual workers who are paid actual money. That money goes into the economy and then round and round.
    Crypto does none of those things.
    Exactly that. Enjoying not having to read anymore about "Enjoy staying poor" whenever any skepticism is shared.

  22. #9047
    Join Date
    Apr 2006
    Posts
    7,451

  23. #9048
    Join Date
    Nov 2002
    Location
    Cloud City
    Posts
    8,769
    Circle not pulling any punches there, kick em when they're down (and out)!

    USDC is the only stable I "trust" but I don't trust it as much as plain old dollars. It is still new tech for all their claims. On the flip side, I was impressed with USDT performance the last few days, held up pretty well and unlike USDC it also runs on other chains besides ethereum, without the high fees.

    Anyway, thanks for the link!
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  24. #9049
    Join Date
    Dec 2005
    Location
    Central OR
    Posts
    5,963
    Name:  image.jpg
Views: 333
Size:  117.6 KB

  25. #9050
    Join Date
    Dec 2008
    Location
    PDX
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    4,758
    Quote Originally Posted by J. Barron DeJong View Post
    Mr. ‘Black Swan’ himself chiming in:

    Click image for larger version. 

Name:	81754F1E-307E-49E5-A737-249E8DCCC1BB.jpg 
Views:	81 
Size:	402.0 KB 
ID:	416163

    https://twitter.com/nntaleb/status/1...lkgwt1wvj3PWGw
    It wASn'T A bLAcK SwAN

    https://twitter.com/adamscochran/sta...UPNQssdZQ&s=19

    Sent from my Pixel 6 Pro using Tapatalk

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