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Thread: Bitcoin....who's gotten into it?
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04-16-2021, 01:01 PM #3776
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04-16-2021, 01:03 PM #3777
Don't all these staking interest rates have assumptions built in, that might not come true in the future?
About Proof-of-Stake (POS) and staking. What does it say about the monies security system when you have to offer people "too good to be true" rates of return in order to have them secure the network? What happens when you can't offer those rates of return? Does the network have the same level of security?
Re: Ledger. Can't someone just bribe the delivery company(s) that handle manufacturer-direct wallets and swappo the chippo inside it?
Re: Banning crypto. Did they have to ban tulips?
Re: Dogecoin. Isn't it actually better than Bitcoin in every way? (Price growth, speed, monetary policy, cute dog, etc.)
Re: Bitcoin deflation. Can't the 'Bitcoin Collective' of miners and nodes swap chains or institute changes to the issuance at any time? They don't have to consult BTC owners at all even, do they?Last edited by puregravity; 04-16-2021 at 01:14 PM. Reason: enhanced staking to new V2.1
OH, MY GAWD! ―John Hillerman Big Billie Eilish fan.
But that's a quibble to what PG posted (at first, anyway, I haven't read his latest book) ―jono
we are not arguing about ski boots or fashionable clothing or spageheti O's which mean nothing in the grand scheme ― XXX-er
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04-16-2021, 04:20 PM #3778
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04-16-2021, 04:28 PM #3779
i'm interested in trading someone about 15,000 usd of btc for the equivalent of physical gold.
if you did't pay much for your gold might be a cheap way into btc.
long shot i know.
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04-16-2021, 06:10 PM #3780
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04-16-2021, 06:30 PM #3781Registered User
- Join Date
- Sep 2011
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- Vermont
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04-16-2021, 06:49 PM #3782
Some good numbers to back this strategy up.
https://rockstarinnercircle.com/wp-c...-Insurance.pdf
Essentially audio version of above
https://open.spotify.com/episode/020...SV-N8rCdJ7SdJg
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04-16-2021, 09:51 PM #3783OH, MY GAWD! ―John Hillerman Big Billie Eilish fan.
But that's a quibble to what PG posted (at first, anyway, I haven't read his latest book) ―jono
we are not arguing about ski boots or fashionable clothing or spageheti O's which mean nothing in the grand scheme ― XXX-er
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04-16-2021, 10:15 PM #3784
sell hope or fear, ponzi it, watch it burn
the modern economy
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04-17-2021, 07:50 AM #3785
Your Argentinian friend can do even better by using the USD simultaneously avoiding cryptos many risks.
Which is why hashrate for BTC dropped by 30% this last days due to coal mine explosions and inspections in China's Xinjiang region -- where the Uighurs are being rounded up and put in camps.
Did they have to ban tulips?
LOL. That's great. Aren't there a few good reasons that Doggy Coin is better than BTC? Actually, better in every way, correct? (Speed, flexible issuance schedule, asic resistance, cuteness etc.)
What are you talking about man? It has the Full Faith and Credit of Paris Hilton! No joke. BITCOIN fans = laser eyes. This is now her Twitter profile pic.
OH, MY GAWD! ―John Hillerman Big Billie Eilish fan.
But that's a quibble to what PG posted (at first, anyway, I haven't read his latest book) ―jono
we are not arguing about ski boots or fashionable clothing or spageheti O's which mean nothing in the grand scheme ― XXX-er
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04-17-2021, 08:04 AM #3786
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04-17-2021, 01:59 PM #3787
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04-17-2021, 02:50 PM #3788
You left out the part about how despite a huge power failure the Bitcoin network kept on operating without interruption or loss of funds. Additionally, the Bitcoin code has a built-in mechanism to adjust the mining difficulty as needed if large amounts of hash power do not come back online shortly.
Remember how the United States Fedwire crashed in February and was totally incapable of transmitting money? There is a reason why the Bitcoin market cap is over 1 trillion dollars.
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04-18-2021, 06:45 AM #3789
So...BTFD?
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04-18-2021, 08:58 AM #3790
Bitcoin mining pool hashrates plummet following Northwest China blackouts.
The hashrate of Bitcoin (BTC) has dropped 30-40% as coal driven mining pools in Northwest China were taken offline. Half the world’s Bitcoin mining capacity is based in China, accounting for 65% of the hashrate.
It's a reminder that Bitcoin runs mostly on coal and other fossil fuels, not renewables. See also Bitcoin miners buying decommissioned coal plants in the U.S. to ramp up energy-intensive Bitcoin mining.
https://www.nysfocus.com/2021/04/13/...mining-threat/
https://ca.finance.yahoo.com/news/bi...110000621.html
https://twitter.com/doveywan/status/1382912887535005701
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04-18-2021, 08:59 AM #3791
Time for dat Sunday dip! Everything's lit up red and my mini-portfolios down about 20ish% overall. Only thing holding strong is my Doge although that deflated pretty fast on Friday but still way, way up over my initial investment. That's something else I'm noticing. When BTC et al dives on Sunday, Doge gains on Sundays. It often times seems to perform the opposite of what other things are. When I get a bit more ballsy with this stuff, I wonder if it'd be a good idea to sell Doge and buy BTC/ETH/BAT, etc on Sundays. Just seems to be the most predictable day of the week like clockwork from what I'm still noticing.
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04-18-2021, 09:04 AM #3792
Last night I was wondering to myself if there will ever be a time where I'd be able to buy BTC under 55 again.
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04-18-2021, 09:09 AM #3793
My buy orders are between 40-50k, woke up very disappointed to see nothing got hit. But I reminded myself that the 21 weekly ema is at 45ish and I just need to stick to the plan. It's been 7 months of green candles! Fingers crossed for a reset this week, no fomo, stick to the plan.
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
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04-18-2021, 09:12 AM #3794
Trading volumes are lower on the weekends so you see more volatility. That means it can not only dip but also spike. If you're only seeing dips then you should ask if there's some confirmation bias going on, especially when the data is readily accessible.
Today, prices are down due to rumors of a U.S. Treasury crackdown, power outages in China’s Xinjiang province, rumors of over leveraged crypto, and Coinbase owners dumping equity.
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04-18-2021, 09:21 AM #3795
Any more substance to the "financial institutions to be charged with money laundering" tweets?
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04-18-2021, 09:25 AM #3796
So far just rumors: https://www.fxstreet.com/cryptocurre...n-202104180359
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04-18-2021, 09:52 AM #3797
That same story was reported days ago by multiple outlets and was largely ignored.
https://www.google.com/amp/s/decrypt...easury%3famp=1
This is the best explanation of last night's crash I've seen so far. TLDR: cascading liquidations of over-leveraged longs was likely made much worse by some type of exchange failure.
https://twitter.com/adamscochran/sta...525851659?s=19
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04-18-2021, 10:15 AM #3798
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04-18-2021, 12:01 PM #3799
Well, based on past events, we know that a big Tether Print and General Mooning happens around a month before some very bad news (fraud charges/exchange hacks/etc.). Trading foresight is a very expensive commodity usually reserved for the wealthy + very well connected + smart.
OH, MY GAWD! ―John Hillerman Big Billie Eilish fan.
But that's a quibble to what PG posted (at first, anyway, I haven't read his latest book) ―jono
we are not arguing about ski boots or fashionable clothing or spageheti O's which mean nothing in the grand scheme ― XXX-er
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04-18-2021, 02:32 PM #3800
Bitcoin....who's gotten into it?
Volume is still very small compared to outstanding issue. Barely 1% changed hands. That’s not my view of a liquidation; more like a thin market. It wouldn’t take much of a hedge to raid BTC.
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