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  1. #10101
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    Quote Originally Posted by hatchgreenchile View Post
    18,000% gain if you bought at the bottom; I doubt we'll see an asset without a balance sheet make that kind of run ever again.
    If BTC was worth $1,000, that gain would still look amazing, but would clearly not be reflective of 2022 crypto sentiment.
    If you bought tulips at the right time and sold at the right time you'da probably made 18,000 percent.

    We used to have this thing floating around our town a coupla Christmas's in a row. You'd buy a bottle of booze for someone, and magically you were supposed to get a bunch back in return. You just needed to convince 6 other people to buy a bottle of booze for some one. And so on, and so on. Well it lasted two Christmas's and that's it. Because eventually, no one couldn't convince 6 other people to buy bottles of booze, cause they wouldn't recieve their promised 6 bottles.
    ďI tell you, we are here on Earth to fart around, and don't let anybody tell you different.Ē
    ― Kurt Vonnegut, A Man Without a Country

    www.mymountaincoop.ca

    This is OUR mountain - come join us!

  2. #10102
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    *could* not couldn't.
    ďI tell you, we are here on Earth to fart around, and don't let anybody tell you different.Ē
    ― Kurt Vonnegut, A Man Without a Country

    www.mymountaincoop.ca

    This is OUR mountain - come join us!

  3. #10103
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    Dec 2008
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    Quote Originally Posted by jono View Post
    Umm what?
    Gotta look at the big picture. Saying BTC is dead/dying by looking at a short time period is incredibly naÔve at best and misleading at worst.

  4. #10104
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    Quote Originally Posted by garyfromterrace View Post
    Integrity? Sorry, not buying.
    What I meant by integrity is that you can validate that you have real BTC much easier than gold. In other words, you don't have to literally melt it down to verify its purity.

    Sent from my Pixel 6 Pro using Tapatalk

  5. #10105
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    Quote Originally Posted by schuss View Post
    So remind me again how Bitcoin can replace currencies when it currently maxed out at something like 7 transactions per second?

    You call them failing with no evidence. USD and Euro are not going anywhere.
    I don't think BTC replaces USD anytime soon. But it's likely to eat a large portion of gold's lunch... probably bonds too.

    Sent from my Pixel 6 Pro using Tapatalk

  6. #10106
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    Quote Originally Posted by stalefish3169 View Post
    Gotta look at the big picture. Saying BTC is dead/dying by looking at a short time period is incredibly naÔve at best and misleading at worst.
    So what does that have to do with a chart of a bond fund?

  7. #10107
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    Mar 2006
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    Quote Originally Posted by stalefish3169 View Post
    But it's likely to eat a large portion of bonds too.
    BTC has a long way to fall if that is prevailing thought because it shows complete lack of comprehension of what bonds are.

  8. #10108
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    Quote Originally Posted by shera View Post
    Ok, the last two Friday nights, bitcoin has been pushed down, dumped on low volume. I wake up to margin calls, trying to put a dark cloud over my weekend! I guess that's one way to flush the leverage out of the system. I wonder about tonight...
    Whatís the interest rate on your margin?

  9. #10109
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    Quote Originally Posted by stalefish3169 View Post
    What I meant by integrity is that you can validate that you have real BTC much easier than gold. In other words, you don't have to literally melt it down to verify its purity.

    Sent from my Pixel 6 Pro using Tapatalk
    Is that actually a big problem for the average BTC investor, or are you just grasping for straws to build a man with?
    focus.

  10. #10110
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    Quote Originally Posted by 4matic View Post
    because it shows complete lack of comprehension of what bonds are.
    It does seem to miss the raison d'etre for a bond.

  11. #10111
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    Quote Originally Posted by 4matic View Post
    Whatís the interest rate on your margin?
    Almost 9%, because I have short (6 month) terms. I think you can get a lower rate with a longer interval or with a higher collateralization. I am at 2-1 collateral ratio. Anyway, all the interest payments were basically free because I bought the CEL token at a low price and it went like 10x and I paid interest with that. Now CEL is back in the toilet and I haven't decided what to do going forward. Right now I'm just sitting on my hands, not much else I can do, really.
    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

  12. #10112
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    Oct 2003
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    1,225
    Quote Originally Posted by hatchgreenchile View Post
    18,000% gain if you bought at the bottom; I doubt we'll see an asset without a balance sheet make that kind of run ever again.
    If BTC was worth $1,000, that gain would still look amazing, but would clearly not be reflective of 2022 crypto sentiment.
    18,000 is dogshit compared to the over 86,000 % return this guy made on 1 investment.. Make sure that you go all in on his recommendations!!..https://pages.exct.caseyresearch.com...ce=171213ImcAd,............from the linked page.......The four master secrets behind some of Doug’s most successful speculations… including an extraordinary 86,900% return on Paladin, which literally made Doug millions of dollars from a single position…
    what's so funny about peace, love, and understanding?

  13. #10113
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    Quote Originally Posted by Mustonen View Post
    Is that actually a big problem for the average BTC investor, or are you just grasping for straws to build a man with?
    No, it's not a problem for BTC and that's the whole point. But instant/easy verification is a problem for gold.

    Look what happens when you Google "testing gold."

    These tests are fucking comedy...um... gold.

    https://bullionexchanges.com/learn/test-gold-real

    Name:  gold.JPG
Views: 257
Size:  38.6 KB

    Sent from my Pixel 6 Pro using Tapatalk

  14. #10114
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    Goldman vultures circling.

    https://twitter.com/CoinDesk/status/...Uy7JvgNoA&s=19


    Sent from my Pixel 6 Pro using Tapatalk

  15. #10115
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    Aug 2016
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    Quote Originally Posted by stalefish3169 View Post
    No, it's not a problem for BTC and that's the whole point. But instant/easy verification is a problem for gold.

    Look what happens when you Google "testing gold."

    Name:  gold.JPG
Views: 257
Size:  38.6 KB

    Sent from my Pixel 6 Pro using Tapatalk
    All this shows is people are stupid. A magnet? Foundation? JFC.


    do you understand that a bond is a debt? For X$ you buy a debt and generally a stream of interest payments on that debt. Governments and corporations and entities issue bonds to finance activities. There are bonds from the 1600s still being paid (or were last decade)

  16. #10116
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  17. #10117
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    Hahaha - Produced by OJ Simpson and Kendall Jenner

  18. #10118
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    Bitcoin....who's gotten into it?

    Quote Originally Posted by stalefish3169 View Post
    No, it's not a problem for BTC and that's the whole point. But instant/easy verification is a problem for gold.

    Look what happens when you Google "testing gold."

    These tests are fucking comedy...um... gold.

    https://bullionexchanges.com/learn/test-gold-real

    Name:  gold.JPG
Views: 257
Size:  38.6 KB

    Sent from my Pixel 6 Pro using Tapatalk
    No, my point is that itís not actually a big problem for the average gold investor. It doesnít even crack the top 5. Itís a straw man. Like most of the arguments for the merits of Bitcoin, itís a solution in search of a problem. It really only makes sense if you compare it to other digital ďassets.Ē

    But I could see how the average BTC investor has gotten screwed by mistakenly buying wheelbarrow-fulls of pyrite. Because, you know, idiotsÖ.

    ETA: Iím not advocating for buying gold or arguing that it has particular merit as an investment, just helping you flail on that straw man.
    focus.

  19. #10119
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    Quote Originally Posted by stalefish3169 View Post
    All this exchange hypothecation and degenerate trading firm leverage is making a great case for BTC's long-term value proposition. It's the ultimate digital bearer instrument. No trust required.
    Yep, but it would be more accurate to say the trust is inherent with Btc, so it automatically has 100% trust. But like anything, it can be gambled away in high stakes games as played by Celsius and 3AC. Celsius wasn't doing anything illegal, but they took extreme risks with client funds in order to pay high yield, and they lost a few too many bets. The shady part is their marketing pitched their business model as the opposite, and many people believed it. The "Unbank Yourself" stuff is nonsense.

    Quote Originally Posted by schuss View Post
    So remind me again how Bitcoin can replace currencies when it currently maxed out at something like 7 transactions per second?
    I'm far from a Bitcoin maxi, but the Lightning Network is what you seek. Capable of 1,000,000 transactions per second, far more than Visa.

    Quote Originally Posted by stalefish3169 View Post
    No, it's not a problem for BTC and that's the whole point. But instant/easy verification is a problem for gold.
    Yep, there are a ton of gold-plated coins coming out of China that look and weigh the same (thanks to tungsten cores, etc) as real gold coins. Who would buy a gold coin from someone they don't know in a crisis scenario? Nobody. Booze and ammo would be much better for barter. Small denomination junk silver coins would be good to have as well, as low-value worn coins aren't worth faking.
    Last edited by 1000-oaks; 06-25-2022 at 10:09 PM.

  20. #10120
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    ammo and antibiotics are the currency of the end times - not gold/silver coins nor a cold wallet full of bitcoin

  21. #10121
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    ^ have to pm track head for a couple gallon jars of antibiotics..

  22. #10122
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    Quote Originally Posted by bennymac View Post
    ammo and antibiotics are the currency of the end times - not gold/silver coins nor a cold wallet full of bitcoin
    ^ Truth, but bad times are on a spectrum, and it's good to have some appropriate provisions for each level.

  23. #10123
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    Apr 2006
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    No more Coinbase pro. Huh.

    I knew I was going to be moving around 30k+ this year so joined Coinbase one(30$ per month, no buying/selling fees)

    Will cancel when other money is moved, pretty much done buying large chunks unless something unknown happens.

    My simple view as of late: strong buy BTC up to 50k, buy up to 100k, then let it run.

  24. #10124
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    Mar 2006
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    Itís not the BTC, itís the irresponsibility with sovereign assets in speculative investments:

    El Salvador bet its economic salvation on bitcoin, but so far the gamble isnít paying off like President Nayib Bukele hoped it would.

    The governmentís crypto coffers have been cut in half, bitcoin adoption nationwide isnít really taking off, and crucially, the country needs a lot of cash, fast, to meet its debt payments of more than $1 billion in the next year. This comes as the price of bitcoin has fallen more than 70% from its November 2021 peak, and more than 55% from the time Bukele announced his plan.

    Negotiations have stalled with international lenders in part because they are unwilling to throw money at a country that is spending millions in tax dollars on a cryptocurrency whose price is prone to extreme volatility. Rating agencies, including Fitch, have knocked down El Salvadorís credit score citing the uncertainty of the countryís financial future, given the adoption of bitcoin as legal tender. That means that itís now even more expensive for President Bukele to borrow much-needed cash.

  25. #10125
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    But hasn't the GDP of El Salvador benefited since bitcoin adoption? Thought I read that somewhere...
    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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