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  1. #5401
    Join Date
    Apr 2006
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    2,390


    reading the book now. is btc the scam or is the current system the scam?

  2. #5402
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    Apr 2006
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    2,390
    liquidated most of my btc. put 4g into ada, 2 into algo, 1 into xlm, 5 into physical silver , platinum, gold,

    6 into land, hoping btc slides lower before the next halving, will buy back in lower.

    keep spreading fud pg, looking for 2 btc for the price of 1. keep up the good work!

  3. #5403
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    Jul 2021
    Posts
    6
    Should have bought it a long time ago. I don't think it's a good idea anymore.

  4. #5404
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    Oct 2003
    Posts
    1,064
    Dogecoin co-creator blasts crypto as a scam to help the rich get richer: https://on.mktw.net/3wDUNB9

  5. #5405
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    Jun 2009
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    Quote Originally Posted by byates1 View Post
    liquidated most of my btc. put 4g into ada, 2 into algo, 1 into xlm, 5 into physical silver , platinum, gold,

    6 into land, hoping btc slides lower before the next halving, will buy back in lower.

    keep spreading fud pg, looking for 2 btc for the price of 1. keep up the good work!
    Are you going to buy the dip? Or the dip after the dip after the dippity dip dip?
    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

  6. #5406
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    Jun 2009
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    Quote Originally Posted by up an down View Post
    Dogecoin co-creator blasts crypto as a scam to help the rich get richer: https://on.mktw.net/3wDUNB9
    Just read his post (thread!) on twitter. Moron uses completely bogus arguments to support FUD position.

    https://twitter.com/ummjackson/statu...53984617914370

    He's just jealous he didn't gift himself more free Doge like all the other cryptos! Nothing makes an intellectual anti-coiner like having fun getting poor! What does he know anyways!
    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

  7. #5407
    Join Date
    May 2006
    Location
    Colorado
    Posts
    693
    The dude apparently donated his proceeds so there's that.

    He's not wrong.

    To paraphrase a bit of a Bogle break down: There are investments and there's speculation (returns). There's no doubt scammers are drawn to speculation markets like crypto like flies to shit. They're great while you're winning.

  8. #5408
    Join Date
    Jul 2021
    Posts
    2
    Ohai I’m a stupid spambot, here to spam you with my spam
    Last edited by ill-advised strategy; 07-15-2021 at 07:57 PM. Reason: report these spambots!!!

  9. #5409
    Join Date
    Jan 2008
    Posts
    6,397
    Quote Originally Posted by m06fc8 View Post
    Im gonna tell you about company whos mining bitcoins
    Do you know where upstate NY is??

  10. #5410
    Join Date
    Dec 2008
    Location
    PDX
    Posts
    3,185
    Meanwhile, J-POW flat out denies on CNBC yesterday that low interest rates primary benefit asset holders and increase inequality.

    No wonder the dentist crowd digs the status quo.

    Sent from my Pixel 4 XL using Tapatalk

  11. #5411
    Join Date
    Jan 2008
    Posts
    6,397
    Quote Originally Posted by stalefish3169 View Post
    Meanwhile, J-POW flat out denies on CNBC yesterday that low interest rates primary benefit asset holders and increase inequality.

    No wonder the dentist crowd digs the status quo.

    Sent from my Pixel 4 XL using Tapatalk
    Quoted for unintentional irony

  12. #5412
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    Jun 2009
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    Quote Originally Posted by Carl_Mega View Post
    The dude apparently donated his proceeds so there's that.

    He's not wrong.

    To paraphrase a bit of a Bogle break down: There are investments and there's speculation (returns). There's no doubt scammers are drawn to speculation markets like crypto like flies to shit. They're great while you're winning.
    My bad. I should have added the '/s' to my post. Both founders have come out the last 2 months and said pretty much the same thing aka - this is a pure 'Greater Fools Game' and one with tragic consequences for most participants.
    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

  13. #5413
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    Apr 2006
    Location
    Movin' On
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    2,895
    I wonder how low BTC will to in this cycle? Maybe $12k? Or $10k?

    I'm planning to buy the dip. Still have no intention of selling BTC. I don't need the money I put into it.

  14. #5414
    Join Date
    Jun 2009
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    Name:  V25f9Rz.png
Views: 212
Size:  18.9 KB

    Without straining yourself, the answer is obvious.
    Poocoin*

    Name:  KMduF7Z.png
Views: 221
Size:  153.4 KB

    Poo to the moooon!

    *Not financial advice. Shit is as shit does. Here Poo today, gone-poo tomorrow. #soft and easy. #Perfectcoil technology.
    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

  15. #5415
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    Jun 2009
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    Quote Originally Posted by Kevo View Post
    I wonder how low BTC will to in this cycle? Maybe $12k? Or $10k?

    I'm planning to buy the dip. Still have no intention of selling BTC. I don't need the money I put into it.
    Barring any major action like law enforcement or Binance collapsing**, they will milk each gold vein as they always do on the way down. Like I said earlier in May ... for the whales and big exchanges this isn't a price problem so much as an inventory problem.

    The whales got so so so much free tokens and very low-cost-basis tokens (BTC and ETH and all the others) that they just can't sell without moving the market drastically in the wrong direction. Exchanges also got tons to sell that they charged as listing fees and that they accidentally bought with bots-gone-bezerk. All the really big players have tons and tons of inventory to sell. We are talking people with paper net worth of $50M to $500M in USD IF THEY WERE ABLE TO SELL AT THIS PRICE (which they can't). Just look at token IPO sales and you will see lots and lots of players in these paper-wealth ranges.

    As a result, they milk every range where it went sideways or had good uptake on the way up, but on the way down. After each range, they try to bounce it higher and then catch dip-buyers on the way down further. (also brings in the extra-smart revenge traders that trade just to cover losses)

    Then down to the next level. Always milking old ranges where support was present on the way up.

    Also, they are cashing altcoins to ETH and BTC and then cashing ETH and BTC to real cash. BTC is gaining share in this stage and sometimes moving opposite of alts. But BTC is overall down until the bear cycle is over. When? No one knows.

    BTC at $18K to $22K is next logical step IMO. According to my calculations it will complete a 35% drop in the next 33 weeks to 50 weeks.

    Long term, I think $8K to $12K is the low low low*** (barring any major disruptions - like law enforcement etc.)

    Big factor right now is what will happen with unlocked BTC from Grayscale coming to market. Will they sell and how fast will they sell? The market is manipulated (no shit ) so of course the price can actually rocket upwards when whales simply stop selling. Bears are firmly in control for now.

    *None of this is advice or intended to motivate you to buy or sell. Just my interpretation. Always remember also that volume on crypto charts is bot-influenced and therefor mostly faked. The only semi-reliable indicator of support level is actually price and time. Price and time. Price and time.

    **Binance withdrawals are now impossible in places -- actually lending to more price support because those folks can't cash out. The payment rails are coming offline due to bank pressure and ransomware mitigations. Very volatile situation for buys and sellers. Don't be surprised to see more rug-pulls and exit scams.

    *** The real low low is probably the level where supply cannot suffice for people trying to pay off ransomware. So that depends on the rate of BTC coming online for sale. Suffice to say, $1 BTC could not work because then only $24M of ransom could be paid per day (assuming all the BTC was trading and available). So let's say that $5K to $12K is a price where supply is sufficient to allow ransomware to function.

    FINAL CAVEAT. It could also moon! Don't fail to factor the need for ransomware payments and if everyone left in the game hodles, then the price will go to $100K to $1000K etc. Supply and demand. Ransomware is forced demand. Most retail buyers are in a loss position right now.
    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

  16. #5416
    Join Date
    Dec 2004
    Location
    Where the sheets have no stains
    Posts
    16,789
    Quote Originally Posted by Kevo View Post
    I wonder how low BTC will to in this cycle? Maybe $12k? Or $10k?

    I'm planning to buy the dip. Still have no intention of selling BTC. I don't need the money I put into it.
    If you are still up who cares? Best of luck to ya.
    I have been in this State for 30 years and I am willing to admit that I am part of the problem.

  17. #5417
    Join Date
    Oct 2003
    Location
    Big in Japan
    Posts
    48,414
    There's a fine line between tragedy and farce.

    https://boingboing.net/2021/07/14/au...tation-4s.html

    The world is perfect. Appreciate the details.

  18. #5418
    Join Date
    Dec 2005
    Posts
    6,728
    Quote Originally Posted by Benny Profane View Post
    There's a fine line between tragedy and farce.

    https://boingboing.net/2021/07/14/au...tation-4s.html
    By locking up all those video game systems crypto is also doing it's part to stop the childhood obesity epidemic.

    I read about it in "Crypto is Amazing- Buy More!" magazine

  19. #5419
    Join Date
    Jan 2008
    Posts
    6,397
    Quote Originally Posted by bennymac View Post
    By locking up all those video game systems crypto is also doing it's part to stop the childhood obesity epidemic.

    I read about it in "Crypto is Amazing- Buy More!" magazine
    And providing jobs for at least 1 or 2 dunfees to handle the fans

  20. #5420
    Join Date
    Dec 2004
    Location
    Where the sheets have no stains
    Posts
    16,789
    Hey, those doors will not open and close themselves. Career move say I.
    I have been in this State for 30 years and I am willing to admit that I am part of the problem.

  21. #5421
    Join Date
    Mar 2005
    Location
    Dystopia
    Posts
    14,310


    Malaysia pissed off and crushing Bitcoin miners.
    “Life has become immeasurably better since I have been forced to stop taking it seriously.”
    Hunter S. Thompson

  22. #5422
    Join Date
    Apr 2006
    Posts
    2,390


    this guy is funny. i always get a kick out of his vids

  23. #5423
    Join Date
    Nov 2002
    Location
    Cloud City
    Posts
    7,749
    Gah I love this kid, makes me want to ditch my COIN position poste haste, hahhaa



    Looks like a lightning series happening on What Bitcoin Did:
    https://www.youtube.com/watch?v=e2_ikkRbGG4
    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. #5424
    Join Date
    May 2002
    Posts
    33,504
    I'm not sure I've ever heard someone say $1000K before.

  25. #5425
    Join Date
    Jun 2009
    Location
    Matchbox 20
    Posts
    2,318
    Quote Originally Posted by Core Shot View Post


    Malaysia pissed off and crushing Bitcoin miners.
    lol. COOL. I wonder if they have any use for valuable metals in the crushed CPU waste ... or is it all toxic landfill?

    In other news the Shibu Unu coin (a copycat idea of Doge) is worth more than the real fintech solution competition:

    "In other words, a postmodern comedy project with no technological proposition backing it experienced less distress than the token underlying Dfinity’s grand goals — and that’s a serious matter ... Internet Computer token, or ICP, was worth tens of billions of dollars, making it one of the 10 most valuable cryptocurrencies at the time."

    Read more at:
    https://economictimes.indiatimes.com...campaign=cppst
    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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