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  1. #5926
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    Quote Originally Posted by jm2e View Post
    Kinda sums up my experience with this thread.
    Pop in for advice from the experts. Nada from anyone other than Shera. Then when things blow up, people start talking about what the smart people were doing when I asked for advice. Hindsight is 20/20. It’s also really easy to predict the past.


    Sent from my iPhone using TGR Forums
    Not an expert and not financial advice…. I’ve been buying ADA. I’m hodling ETH until at least February to then skim off the top and pay for a ski trip. Don’t lose focus on the important stuff.

  2. #5927
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    Quote Originally Posted by jm2e View Post
    Kinda sums up my experience with this thread.
    Pop in for advice from the experts. Nada from anyone other than Shera. Then when things blow up, people start talking about what the smart people were doing when I asked for advice. Hindsight is 20/20. Itís also really easy to predict the past.


    Sent from my iPhone using TGR Forums
    Not sure who the "experts" are, but if you're referring to me, I'm def not one. However, I think my general advice has been pretty clear. Dollar cost average BTC and hold that shit as long as you can. Maybe consider getting some big market cap alts (ETH, DOT, SOL, etc. ) if you have a high risk tolerance and want to go after higher potential gains. Don't buy dog coins. Other than that, DYOR. If you're trying to get specific advice about when to catch the tops and bottoms from a ski forum, maybe rethink your investment strategy.

  3. #5928
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    Quote Originally Posted by MultiVerse View Post






    Agreed troll is the wrong framing. Kayfabe is better. It's like marketing a gambling product. The game administrators or early entrants have a big incentive to lie about the true nature of the product and describe it as an investment, since that draws in new players prolonging the game and enriching the early birds.
    Hey man, the cyrpto markets are tough. If people can't handle it, maybe they should just play it safe and stick to stonks.

    https://twitter.com/Domsavides/statu...85834259435522

  4. #5929
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    I concur on the vest sentiment

  5. #5930
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    Quote Originally Posted by LeeLau View Post
    Congratulations holders. I'm still 70/30 BTC/ETH via ETFs. Own Riot and Hut as miners and sell covered calls against them for income
    I'm so envious of your saavy (and resources) while I muddle along, hahaha. If only I could do that "cash and carry" thing, with guaranteed returns - that seems terribly clever.

    Good luck with riot! Do either of your mining operations have facilities near you, BC hydro? My operation is right under my feet.

    The new ETFs here in the USA have me wondering if there will be a "sell the news" event this week. I have buys starting below 50k, down to to 36. Very curious how this will all play out. Both CME and Bakkt caused the market to dump. What is your thought on that LeeLau?
    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

  6. #5931
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    Quote Originally Posted by shera View Post
    Do either of your mining operations have facilities near you, BC hydro?
    Due to Quebec curtailing the amount of hydro Bitcoin miners are allowed, Canadian miners are increasingly relying on fossil fuels from Alberta. Ever since China banned BTC mining the industry as whole has become increasingly dependent of fossil fuels from North America in the quest for cheap energy. So while Riot uses more renewables than their competitors, including hydro, Riot's costs per coin are much higher. It costs them somewhere in the neighborhood of $15-to-$20K per versus $6-to-$7,000 per for fossil fuel miners.



    Quote Originally Posted by stalefish3169 View Post
    Hey man, the cyrpto markets are tough. If people can't handle it, maybe they should just play it safe and stick to stonks.

    https://twitter.com/Domsavides/statu...85834259435522
    Don’t trust grown men in vests is good advice. Although some of those same men are saying the same things about Bitcoin. Speaking of, there were even some people here saying they were never selling some of the stonks below during the pump earlier this year.

    Meme Stock % Below 52-Week High:
    • Tootsie Roll TR: -47%
    • BeyondMeat BYND: -53%
    • AMC AMC: -55%
    • Fossil FOSL: -58%
    • Virgin Galactic SPCE: -62%
    • GameStop GME: -66%
    • Express EXPR: -67%
    • Blackberry BB: -67%
    • Bed Bath & Beyond BBBY: -71%
    • New Concept Energy GBR: -87%
    • Koss KOSS: -88%

  7. #5932
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    So funny how you always present extrema and play it off as norm. Cute trick.

    For instance, the 52 week high is an inflection point. A tail fraction of people actually have that cost basis. I'm up about 10x on GME. It is boring now without the volatility, I admit. Still up a ludicrous amount from a year ago. It was like $14 a year ago and now it's $183.
    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

  8. #5933
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    Quote Originally Posted by shera View Post
    So funny how you always present extrema and play it off as norm. Cute trick.

    For instance, the 52 week high is an inflection point. A tail fraction of people actually have that cost basis. I'm up about 10x on GME. It is boring now without the volatility, I admit. Still up a ludicrous amount from a year ago. It was like $14 a year ago and now it's $183.
    Where's the trick? After all you yourself say GME is "still up a ludicrous amount from a year ago." If you're claiming I always "present extrema" (can you even provide another example?) aren't you saying something similar i.e. a "ludicrous amount"?

    As far as "A tail fraction of people actually have that cost basis," that's sort of the point: It's like marketing a gambling product. The game administrators or early entrants have a big incentive to lie about the true nature of the product and describe it as an investment, since that draws in new players prolonging the game and enriching the early birds.

    I'm not necessarily saying this is a bad thing, just that like meme stocks absent long term value all participants should be fully aware of the game they're participating in. The game has always existed, it will always exist. Whether it's r/wallstreetbets or laser eyes, a lot of the people saying they're never selling are in fact selling.

  9. #5934
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    I'm always selling.
    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

  10. #5935
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    Shera to your question

    I have RIOT due to inertia and because I wanted the #1 miner from the POV of hash rate. MARA has now surpassed them. Due to tax reasons I don't want to rotate from Riot to Mara and am still happy with the 380% gain + approx 40% covered call returns. I do still appreciate that they own their own mining operation (Whitstone) for a bit more security of operations. Their margins aren't improving as well as I'd like so I'll be watching their next quarter. Like many others I'm not stoked about their latest ATM 600m share offering but since I view that as issuing shares for fiat so they can either buy or hold crypto I suspect I'll be OK in the longer term.

    HUT I bought due to their operational discipline. I bought more on their $8 offering and price dive. My RIOT position is however 10x my HUT size

    I would consider also buying BITF. They have a good ESG edge due to their mines having Hydro Quebec power contracts which gives them a bit of distinction. However their new Argentina operation is fossil fuel which then sets them back. Their opex is quite low.

    As for ETFs. That is bullish. It adds legitimacy. It allowed thousands of Canadians (I am one of them) to put potential multi bagger crypto yolo plays into tax deferred accounts.

  11. #5936
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    Highest BTC weekly close ever. Probably nothing.

    Sent from my Pixel 3 XL using TGR Forums mobile app

  12. #5937
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    Quote Originally Posted by stalefish3169 View Post
    Highest BTC weekly close ever. Probably nothing.

    Sent from my Pixel 3 XL using TGR Forums mobile app
    Thereís a term out there for the tone of your posts. Whatever it is itís not complimentary or anything to be proud of. Itís not shared by the other BTC holders in here. Maybe give it a rest?

  13. #5938
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    Quote Originally Posted by bennymac View Post
    Thereís a term out there for the tone of your posts. Whatever it is itís not complimentary or anything to be proud of. Itís not shared by the other BTC holders in here. Maybe give it a rest?
    +100, bennymac is right. No one is shitting on you, man. We're all stoked here. Good vibes all around.

    Sent from my Pixel 4a (5G) using Tapatalk

  14. #5939
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    Quote Originally Posted by bennymac View Post
    There’s a term out there for the tone of your posts. Whatever it is it’s not complimentary or anything to be proud of. It’s not shared by the other BTC holders in here. Maybe give it a rest?
    People call me a cult member and scammer all the time for investing my own hard-earned fucking money how I want. They laughed at us a few months ago as the charts ran red with blood and told us BTC was going to zero. Those of us with conviction who bought the fucking dip are ready for the second half of the bull run. And I'm the one that needs to change my tone for noting some pertinent technical analysis? Listen to yourself man. Get a grip. This is the mother fucking BTC thread.

  15. #5940
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    Bitcoin....who's gotten into it?

    Quote Originally Posted by stalefish3169 View Post
    People call me a cult member and scammer all the time for investing my own hard-earned fucking money how I want.
    That isnít why.

    People donít talk about their investments the way that you talk about BTC. They donít talk about things they buy with their hard-earned fucking money the way you talk about BTC. They donít even talk about their kids the way you talk about BTC.

    The only real analogy is religion and politics - those topics where logic isnít really a part of the conversation and tribe is the most important thing. Itís weird and youíll continue to get called out for it, even if itís also occasionally entertaining. Nobody wants you to lose money or be unsuccessful, outside of hoping that maybe a hard turn will get you to turn down the hysteria a little bit.

    BTC is demonstrably terrible for the environment and I have my doubts that itís actually a boon to any economy that isnít itself (though I donít have high confidence that I wonít be proven wrong over time on that second point).
    focus.

  16. #5941
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    Anybody been following Doge lately? Been rallying a bit here and there. Nothing as crazy as last spring, but still. It's not doing bad at all! Still like over 5x my initial investment. This stuff still perplexes me. Glad I just plopped some monopoly money into a few things and just sat tight to observe. I wonder if any of them can serve as any hedge against the runaway inflation the dollar's seeing. Not that I trust BTC more than the USD, but the dollar's not proving to be THAT much better. People get mad at Elon Musk for manipulating things with a tweet, but doesn't seem that much different than the manipulation we've seen from the Feds lately. Haha.

    Maybe I should just put it all into pork bellies!
    Last edited by MontuckyFried; 10-18-2021 at 09:39 AM.

  17. #5942
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    Quote Originally Posted by MontuckyFried View Post

    Maybe I should just put in all into pork bellies!
    Cannabis, dude, cannabis.

  18. #5943
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    Quote Originally Posted by Mustonen View Post
    That isn’t why.

    People don’t talk about their investments the way that you talk about BTC. They don’t talk about things they buy with their hard-earned fucking money the way you talk about BTC. They don’t even talk about their kids the way you talk about BTC.

    The only real analogy is religion and politics - those topics where logic isn’t really a part of the conversation and tribe is the most important thing. It’s weird and you’ll continue to get called out for it, even if it’s also occasionally entertaining. Nobody wants you to lose money or be unsuccessful, outside of hoping that maybe a hard turn will get you to turn down the hysteria a little bit.

    BTC is demonstrably terrible for the environment and I have my doubts that it’s actually a boon to any economy that isn’t itself (though I don’t have high confidence that I won’t be proven wrong over time on that second point).
    Some people think a corrupt system premised upon violent imperialism and infinite growth of the money supply that overwhelmingly benefits the already rich is terrible for the environment. Maybe it's time for a change???

    https://prospect.org/economy/powell-...t-was-tanking/

    https://www.cnbc.com/2021/10/18/the-...us-stocks.html

  19. #5944
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    Quote Originally Posted by MontuckyFried View Post
    Maybe I should just put it all into pork bellies!
    Thatís actually a great idea. Bacon went from $3.99/lb to $6.99/lb at my store overnight

  20. #5945
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    listen to the percentages this guy is talking about. interesting. btc if it continues will not be an investment, hedge, currency etc. it will be the evolution of sovereignty rights for the entire population.

  21. #5946
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    Quote Originally Posted by stalefish3169 View Post
    Some people think a corrupt system premised upon violent imperialism and infinite growth of the money supply that overwhelmingly benefits the already rich is terrible for the environment. Maybe it's time for a change???

    https://prospect.org/economy/powell-...t-was-tanking/

    https://www.cnbc.com/2021/10/18/the-...us-stocks.html
    What percentage Bitcoin in the US are owned by the wealthiest 10 percent of Americans?

  22. #5947
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    Quote Originally Posted by NWFlow View Post
    What percentage Bitcoin in the US are owned by the wealthiest 10 percent of Americans?
    Bitcoin isn't perfect and won't solve all the world's problems. But it does make many improvements over the old system, IMO. Bitcoin and crypto are relatively unique in that it's one of the first asset classes where plebs are frontrunning the wealthy. In B4 Soros. Lol

    In other news, I know I'm not allowed to talk about the price, but watching BTC just chilling at 62k is pretty cool.

    Sent from my Pixel 3 XL using TGR Forums mobile app

  23. #5948
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    Well I just bought more link with my eth mining returns. I'm doing it because that's the plan and I know that it can be hard to buy low and then lower and then lower. My COIN stock is finally in profit after the months that I was averaging down.

    But this link thing, gah, have you seen the chart?

    Please give me a dose of hopium, I am in need.
    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. #5949
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    Quote Originally Posted by Falcon3 View Post
    That’s actually a great idea. Bacon went from $3.99/lb to $6.99/lb at my store overnight
    Oh wow! For real? I guess Trading Places was the oracle I should've been looking to all along!


  25. #5950
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    Quote Originally Posted by shera View Post

    But this link thing, gah, have you seen the chart?

    Please give me a dose of hopium, I am in need.
    roll it all into btc and watch it double in the next few months!

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