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Thread: Bitcoin....who's gotten into it?
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06-18-2022, 09:03 AM #9926
The fact the crypto has its own term of "rugpull" and the quantity of pure scam coins/tokens/nfts means it's well earned. Want to be seen as less of a douche, stop rose glassing every bit of crypto and spouting off about how it's soooooo much better than other things.
Most are basically unregulated penny stocks with no fundamental backing.
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06-18-2022, 09:11 AM #9927I drink it up
- Join Date
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- my own little world
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False equivalence is false. Exhibit A is mortgage lending, which BTC doesn’t fucking do.
You’re comparing a shitty currency/asset/commodity to a service industry. Anybody concerned about the values and consumer protection focus of tradfi should take solace in the regulatory oversight evidenced by your link.focus.
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06-18-2022, 09:15 AM #9928“I tell you, we are here on Earth to fart around, and don't let anybody tell you different.”
― Kurt Vonnegut, A Man Without a Country
www.mymountaincoop.ca
This is OUR mountain - come join us!
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06-18-2022, 09:31 AM #9929
100%. Which it fine. I mainly comment about BTC. BTC stands alone and is not "the crypto space" imo.
I bought some doge and algo the other day for pennies. I'm fine w that.
My plan is for BTC to be 300/500k in 10/15 years. So anyone that bought from 20/70k will do well.
I'd be buying right now if I were you.
And stop crying about scams and Matt Damon etc.
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06-18-2022, 09:42 AM #9930
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06-18-2022, 10:02 AM #9931
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06-18-2022, 11:04 AM #9932
I don't think BTC is a Ponzi.
Doge coin literally was created as a joke. Literally.
If you bought BTC in the 50/60k range w a 10/15 yr timeframe you'll do well.
Not hard.
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06-18-2022, 11:22 AM #9933
Solana is holding well above its recent low.
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06-18-2022, 11:37 AM #9934
7 years is considered very long term investing on actual productive investments like real estate, extraction, and companies that produce product.
15 year timeframe??? On a very specific piece of tech????? What The Actual Fuck???????
BTC is, at best, speculation in a highly manipulable unregulated playing field. Speculation is a near term game. The long game is Koolaid sold to the future bag holdlers.Originally Posted by blurred
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06-18-2022, 11:38 AM #9935
You have to think are a lot of people who told themselves if BTC drops below 20k they're getting out. Curious to see what happens.
If it goes to zero I'm in.
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06-18-2022, 11:47 AM #9936
No, every little bounce convinces inexperienced investors that the bottom is in. Eventually they’ll just quit looking at it and talking about it turning what is left into a long term investment. Changing time frames is the most common mistake investors make because they are never wrong
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06-18-2022, 11:52 AM #9937
Luna ancillaries still have btc to liquidate. Celsius, 3AC. MSTR is going to have to do something to avoid liquidation. The ETF’s are going to have to sell for redemptions. Institutions aren’t going to touch it now. It can’t find a bottom until there are some large headline liquidations.
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06-18-2022, 12:05 PM #9938
Impressive break below 19,000
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06-18-2022, 12:07 PM #9939
One simple tip. If you think charts are helpful. Turn them upside down and apply the same mindset to the price action as you do when the chart is right side up
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06-18-2022, 12:17 PM #9940
Nothing is getting better anytime soon.
Sent from my iPhone using TGR Forums
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06-18-2022, 01:00 PM #9941
Agreed. ^ except the buying opportunity.
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06-18-2022, 01:06 PM #9942My plan is for BTC to be 300/500k in 10/15 years. So anyone that bought from 20/70k will do well.
Ain't it great to have a plan.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"
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06-18-2022, 01:07 PM #9943
How much YOLO priced whisky is Saylor drinking today?
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06-18-2022, 01:08 PM #9944
Compute power in 15 years will laugh at BTC unless it's mined out.
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06-18-2022, 01:08 PM #9945
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06-18-2022, 02:06 PM #9946
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06-18-2022, 02:15 PM #9947
Below 18...headed for 17 every time I refresh. Crazy
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06-18-2022, 02:35 PM #9948
Super interesting. So are we in a pessimism death spiral? Something along the lines of... following unbound optimism, hard shift and now there is prevailing belief that BTC is sinking. Now there's a backlog of trans for people wanting to liquidate. The miners, many of whom were leveraged optimistically - loans on equip / processing due, are cutting down and potentially selling their BTC to cover plus rising energy costs. The algo difficulty hasn't dropped yet. So back log and trans further stack up. High supply/low demand - price further drops as does access to liquidity and network / Celsius type managers. Miners watching for '2016' in hopes the difficulty drop will come but there's already more dumpers waiting waiting waiting...but the pessimism and flee has begun... Who wants to process trans for a loss?
edit: funny line of the day: "We bought random numbers made by graphics cards". Noice! I mean Nonce!
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06-18-2022, 02:38 PM #9949
I bet it hold around 10K for a bit... coin.
Originally Posted by blurred
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06-18-2022, 02:45 PM #9950
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