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

**bennymac** · 01-21-2022, 08:14 PM

There is no such thing as bad news in crypto. You celebrate when prices go up. You celebrate when prices go down. Anything else is FUD. Morale must be maintained.

**byates1** · 01-21-2022, 09:35 PM

Wow this thread is sparking!

Jong slaughter be raping everyone around here!

**bennymac** · 01-21-2022, 09:36 PM

Stay devoted to sparkle motion you say?

**byates1** · 01-21-2022, 09:39 PM

**byates1** · 01-21-2022, 09:42 PM

Prob going to buy another 20/30 grand of BTC/ETH.

**JimmyCarter** · 01-21-2022, 09:59 PM

https://bitcoinmagazine.com/culture/...bitcoin-on-war

This just may be the biggest pile of sesquipedalian bullshit on the internet.

**JONG SLAUGHTER** · 01-21-2022, 10:00 PM

Originally Posted by Mustonen

Right. That’s a good thing though. Wrap your little brain around that one. BTC being finite is what makes it a shitty currency.

YOU=CONFIRMED MORON. SUPPLY AND DEMAND ARE BASIC ECONOMICS EVEN A MORON LIKE YOURSELF SHOULD UNDERSTAND.

**JimmyCarter** · 01-21-2022, 10:06 PM

Originally Posted by JONG SLAUGHTER

YOU=CONFIRMED MORON. SUPPLY AND DEMAND ARE BASIC ECONOMICS EVEN A MORON LIKE YOURSELF SHOULD UNDERSTAND.

Why would a limited supply of a currency be a good thing?

**byates1** · 01-21-2022, 10:07 PM

Originally Posted by JimmyCarter

https://bitcoinmagazine.com/culture/...bitcoin-on-war

This just may be the biggest pile of sesquipedalian bullshit on the internet.

+100 point for the use of that word! Squpiditlordaliamnn!

**JONG SLAUGHTER** · 01-21-2022, 10:12 PM

Originally Posted by JimmyCarter

Why would a limited supply of a currency be a good thing?

WHY IS ANYTHING THAT'S VALUABLE RARE?

WHY ARE MORONS LIKE YOU A DIME A DOZEN AND NOT WORTH THE SWEAT ON MY BALLS?

**jm2e** · 01-21-2022, 10:17 PM

Originally Posted by byates1

Prob going to buy another 20/30 grand of BTC/ETH.

Haha, I’m playing 100x below you big rollers!
And here you were all worried your advice would risk me dining on cat food through Easter.

Sent from my iPhone using TGR Forums

**JimmyCarter** · 01-21-2022, 10:21 PM

Originally Posted by JONG SLAUGHTER

WHY IS ANYTHING THAT'S VALUABLE RARE?

WHY ARE MORONS LIKE YOU A DIME A DOZEN AND NOT WORTH THE SWEAT ON MY BALLS?

What’s the difference between a currency and an asset?

**MakersTeleMark** · 01-21-2022, 10:30 PM

Originally Posted by JimmyCarter

What’s the difference between a currency and an asset?

I think you are proving its point.

**JimmyCarter** · 01-21-2022, 10:31 PM

Originally Posted by MakersTeleMark

I think you are proving its point.

He still hasn’t answered any of my earlier questions. Waiting for a semi-relevant video to pop on CT I assume.

**bennymac** · 01-21-2022, 11:51 PM

Originally Posted by JimmyCarter

https://bitcoinmagazine.com/culture/...bitcoin-on-war

This just may be the biggest pile of sesquipedalian bullshit on the internet.

Well that makes a lot of sense if you don’t think about it.

**shera** · 01-22-2022, 01:57 AM

Originally Posted by jm2e

Today was a kick in the gut.
Wondering if SheRa and others are still buying at fire sale prices.
In other news, Jong Slaughter breaths a bit of Old Mag Wisdom into thread.

Sent from my iPhone using TGR Forums

I got orders filled at 37.3 and 36.3, but my entire buy ladder is now cleared. There's a little dry powder left on the exchange but I need time to think about the situation, so I'm going skiing. Haven't had to add fiat in a very long time...

edit - I just bought at 35257

**dunfree** · 01-22-2022, 04:06 AM

Originally Posted by MakersTeleMark

I think you are proving its point.

Franklin Mint mindset.

”Only 3,999 commemorative tokens for MTMs thousandth stupid bong rip post will be made, buy now!” Line go up!

not everything that’s rare is valuable, not everything valuable is rare. Throw some more dipshit cliche together, and pimp some more trash.

**Meathelmet** · 01-22-2022, 04:17 AM

Originally Posted by shera

I got orders filled at 37.3 and 36.3, but my entire buy ladder is now cleared. There's a little dry powder left on the exchange but I need time to think about the situation, so I'm going skiing. Haven't had to add fiat in a very long time...

edit - I just bought at 35257

Interesting weekend ahead.

**shera** · 01-22-2022, 05:12 AM

Yeah, I hear you! But I take an algorithmic approach, so not making decisions in the moment. I don't pick bottoms or tops - I dca BTC over price, rather than time.

I used to get so worked up and emotional about price action, now I can just execute the plan I made while wandering placidly through the mountains with my dog. I used to look at snow signs for avy danger, now I try to decode all the animal tracks I see. Their secret lives are revealed!

Zen as that may sound, this downturn has given me some gut wrenches exceeded only by the corona dump. JeebusHcristos, that was crazy times. I had to make an appt to go into the closed bank to make a wire transfer to the exchange. But it set me up for success going forward. Blood in the streets and all that.

**Bobby Stainless** · 01-22-2022, 05:57 AM

Buy it.

**stalefish3169** · 01-22-2022, 10:49 AM

Great read that some of you may benefit from by trying to understand.

https://northmantrader.com/2022/01/22/revolution/

Sent from my Pixel 6 Pro using Tapatalk

**4matic** · 01-22-2022, 11:18 AM

I watched Michael Saylor on Bloomberg Studio. I don’t get the argument about BTC as inflation hedge. In retrospect it would have been prior to the pandemic but that is hind site thinking. If consumer prices had gone down would they call it a deflation hedge? Also, when Saylor says that it’s a great time for institutions to get involved that’s just hyperbole. At this point, there is still no widespread institutional adoption of BTC. Some use it as a gimmick. Where I do agree with Saylor is that only a few tokens will survive. The rest go to zero.

Saylor will be fine but MSTR doesn’t have to trade at it’s btc nav. In fact, below $30k the company starts losing (more) money. At $20k it might have trouble with debt service. The company borrowed $2b to buy BTC.

I like Sven because he’s a skeptic of everything, like me. But if you read the article. Anymore weakness takes BTC to test the previous low. It might be a buy then but to think it’s going to race back higher defies even what Saylor says regarding time frame.

Also, the technical support at the upper rising fib line is weak at best. It’s just the top of support and any trades I that line should come with tight rules

**Mustonen** · 01-22-2022, 11:20 AM

But but but….. I thought this shit was asymmetric?!?!?

**byates1** · 01-22-2022, 01:14 PM

Originally Posted by 4matic

I watched Michael Saylor on Bloomberg Studio. I don’t get the argument about BTC as inflation hedge. In retrospect it would have been prior to the pandemic but that is hind site thinking. If consumer prices had gone down would they call it a deflation hedge? Also, when Saylor says that it’s a great time for institutions to get involved that’s just hyperbole. At this point, there is still no widespread institutional adoption of BTC. Some use it as a gimmick. Where I do agree with Saylor is that only a few tokens will survive. The rest go to zero.

Saylor will be fine but MSTR doesn’t have to trade at it’s btc nav. In fact, below $30k the company starts losing (more) money. At $20k it might have trouble with debt service. The company borrowed $2b to buy BTC.

I like Sven because he’s a skeptic of everything, like me. But if you read the article. Anymore weakness takes BTC to test the previous low. It might be a buy then but to think it’s going to race back higher defies even what Saylor says regarding time frame.

Also, the technical support at the upper rising fib line is weak at best. It’s just the top of support and any trades I that line should come with tight rules

Good points.