All posts made by bkbirge in Bitcointalk.org's Wall Observer thread
1.
Post 48609024 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.20h):
Yes, but the question still is WHO. From the sentiment it doesn't look like the buying is coming from retail investors at all. Traders, whales... maybe. Don't really know, thus my question.
Whatevs. Price goes down -> I buy. Mechanically. As always.
I feel completely fomoed... Everytime I see a green candle I get scared... what if my knife catching 10 (retail) buy orders down to EUR2300 will never fill?
LOL, I'm there with ya. I just buy in small amounts automatically at specific intervals. So far I'm quite lucky in managing to get at the high every time and completely miss any trough in the buys.
2.
Post 48650614 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.20h):
Thanks for sharing, here's a cut n paste synopsis from the twitter thread...
/ The Bitcoin (double) Standard
A deep dive into the cognitive dissonance of nocoiners, and the ridiculous double standard they have for Bitcoin. Thread 👇
2/ Manipulation
Over the last decade, banks globally have been fined with more than $200 billion in penalties, following investigations into manipulation of various markets/instruments: FX, metals, LIBOR, etc. Those cumulative fines are 2x the current total crypto market cap.
3/ Intrinsic Value
Complaining it has no intrinsic value when their primary currency has absolutely no intrinsic value.
“Bitcoin units have no intrinsic value… the U.S. dollar, the euro, and the Swiss franc, have no intrinsic value either.”
4/ Money Laundering
Approximately $2T a year globally is laundered, Americans spend $100B on drugs annually, Crypto market cap is $109B as of this tweet storm.
“Cryptocurrency [represent a] “low risk” for money laundering and terrorist financing activities... according to FATF
5/ Complexity
Consumers don’t understand how their existing financial system works, nor their cell phone, microwave, etc. There is minimal new training needed for them to be literate/enjoy basic interactions, just like any new technology in their life.
6/ Volatility
The only constant in markets is volatility. No one says “Gold isn’t a good SoV because the price fluctuates” but we hear that all the time with #bitcoin. What did you expect with a new emerging sound money? It certainly wasn’t going to be a linear price path.
7/ Energy Consumption
🚨 Electricity police! 🚨
Complaining about energy consumption, without first comparing it to the energy consumption of gold mining, the financial system, government, courts, military, selfies, or watching the Kardashians.
8/ Monetary Policy
Worried about deflationary spirals when they most they’ve spent studying deflation is the 15 second dismissal argument from their econ 101 professor
9/ Control
Worries that it was created by an anonymous “hacker” vs highly flawed founding individuals of their government/financial system. Worries that no one “controls” the monetary policy vs a group of old white men they can’t even name
10/ FUD
What all of this FUD represents is the magnitude change Bitcoin brings. Any new technology evokes FUD, which is proportional to the impact it will have on the world. Humans don’t like change, FUD is a representation of the change that a new technology rings.
11/ History rhymes
When the bicycle debuted in 1800s, it was blamed for all sorts of problems—from turning people insane to destroying women’s morals
In the future, we’ll look at these double standards as we do now with bicycle objections: with laughter
3.
Post 48724556 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.21h):
Yeah, it's over folks... But on the other hand we have BCH which "has great technology but the developers have done a bad job at marketing it".
I am kind of disappointed he forgot to mention XRP with its awesome features in his picks of the crypto-currencies with best chances of success.
LOL, I think he owes his grandma a VC fee. Kid is very cocky. Who knows, he may be right. But I wouldn't bet the farm on his words. Hope he took that $4mil and put a nice chunk into his college fund.
4.
Post 48787981 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.21h):
Are we starting to see people FOMO'ing?
5.
Post 48920427 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.23h):
we're fucked
Bring it motherfuckers. I got bags to fill.
Amen
6.
Post 51561691 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.52h):
The nightmare of taxes is a great motivator in basically never selling a single sat.
QFT
7.
Post 51578207 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.52h):
Looks like 11k is the new 10k.
8.
Post 51579534 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.52h):
9.
Post 51614845 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.53h):
Stuck in the mid 13000s for hours now. Bored.
lol
10.
Post 51615998 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.53h):
WTH happened at Coinbase? I see they are back online now.
11.
Post 51616202 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.53h):
You just need a piece of the trend, don't get greedy.
Simple bit of wisdom expressed with crystal clarity, love it.
12.
Post 51626926 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.53h):
You trader types sure are an excitable bunch.
13.
Post 51641652 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.53h):
Why does the crypto world seem to be infested with more than its fair share of alt-right loons?
14.
Post 51661196 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.54h):
Haha, wasn't aware of that channel, thanks for sharing!
15.
Post 51683369 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.54h):
What a week! DCA is your friend. Between FOMO and FUD I'm thinking the guys posting those Homer Simpson HODLsleep memes have the right idea.
16.
Post 51683391 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.54h):
I am interested to know what will you lot do if that was real?
Fat fingers. Someone had a very bad day.
17.
Post 51698430 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.54h):
London financial pages tonight
Because "derivatives trading ban" wouldn't be as catchy in the headline.
18.
Post 51719079 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.54h):
I know many here talk about buying BTC regularly, but personally I don't earn enough fiat to invest significantly in BTC. I must already invest more than 20% of my salary in my "401K" (because my employer doubles it, and it's a sound investment), so after that, not much is left.
Your employer does a match up to 20%? That's insanely good, so good I'm guessing I misinterpreted your comment. Mine does 4% match.
19.
Post 51765845 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.55h):
All this talk of to the moon 2020 or 2021 is silly. We all know the real moon is in 2022. Or maybe 2023.
20.
Post 51766509 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.55h):
All this talk of to the moon 2020 or 2021 is silly. We all know the real moon is in 2022. Or maybe 2023.
Apparently we all doesn't know. Maybe you should 'splain ur selfie?
It's possible, also, yet maybe not in your speculation scenario, that we are in a correction period in 2022 and/or 2023 in preparation for the 2024 halvening.
You consider a possible upcoming correction cycle within your knowing more than everyone else scenario?
LOL, 'twas a joke. That was my point "we all doesn't know".
21.
Post 51767185 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.55h):
By the way, my response is kind of serious, and LFC has been spouting off about moon in late 2020 or early 2021 for about 2 years now, which even if he is not exactly correct, I think that there is a decent amount of plausibility to build BTC price bubble theories around halvening effects, and even accounting for possible bubbles coming before the time line in your theory or even after, but bitcoin has been showing quite a few of these repeated bubble patterns playing out, and there is no real reason to believe that they are going to stop, unless you just happen to be a denier who is buying into some less convincing theory including some of the goofballs who try to place bitcoin into a mature asset camp, which should be relatively clear that bitcoin really does not fit too well into a mature asset camp... and likely will not until after it goes through decent adoption which also likely involves a likely ongoing exponential s-curve that is far beyond what any normies expect, but accumulators and HODLers will likely be rewarded for their behaviors.. and at the same time, none of it is a given... which is back to the short term joke point.... "we all doesn't know".
Good thoughtful post, I don't disagree with that. I do think a lot of price predictions get baked in long before they are supposed to happen so I don't really trust them too much but I do enjoy reading them. That doesn't mean I disagree that there will be many boom/bust cycles going forward or that there may be a pattern worth teasing out. I envy those that can actually trade the short term waves with enough consistent certainty to make a better long term profit than just holding. I'm not sure I've ever actually met one of those mythical traders, they might be unicorns.
The cool thing with BTC if you are real long is you won't ever have to figure out your exit strategy. Just wait for the adoption level to get to where price is no longer very volatile, and at that point there's probably no reason to even convert to fiat. That might be a wait in geologic time though, or never. The joke remains.
22.
Post 51767219 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.55h):
It is just a game of risk management.
You buy some risky assets, some less-risky assets, some solid assets, some barbaric relics... All has its spot in the game.
Sounds about right to me. I always get a chuckle on these boards when posters (present company excluded of course) recommend diversifying and their idea is to buy as many different tokens as possible.
23.
Post 51769249 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.55h):
is it "halving" or "halvening"?
enquiring minds need to know....
It's halfling.
24.
Post 51769949 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.55h):
Gotta love the mad scientist geniuses. That's so beautiful you get my last merit.
25.
Post 51787410 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.55h):
26.
Post 51789887 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.55h):
^ So when does the Federal Reserve start holding BTC in addition to gold?
LOL, can you imagine? As long as they don't suddenly decide it is illegal for citizens to hold BTC like gold used to be.
27.
Post 51790425 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.55h):
You know BTC has gone mainstream when pump and dump boiler room hacks start to show up selling their snake oil. Usually those guys just organize team buys (and then sell out from under their team) instead of actually asking for cash up front. Pretty ballsy or some other word better fitting. You might have more luck at a smaller cap altcoin though.
28.
Post 51790531 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.55h):
29.
Post 51791001 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.55h):
A true believer would use Ledger Nanos instead of dominoes.
30.
Post 51792475 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.55h):
Trump is a living embodiment of the Dunning-Kruger effect. If his incompetence actually causes more eyes on crypto then that would be hilarious.
31.
Post 51828303 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.55h):
This bull market is fantastic. Must be that gas mask kid magic.
32.
Post 51829780 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.56h):
Don't worry, can't contain the coins forever.
33.
Post 51834998 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.56h):
I dunno, the Roubini guy seems like he'd be a powerful crypto booster if he ever gets to the point that he understands the technological impact of blockchain, whereas the Hayes guy seems kind of like a used car salesman. I don't share Roubini's pessimistic view of crypto (obviously) but it seems kind of stupid to dismiss his words out of hand, the man has spent his life studying markets.
34.
Post 51835086 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.56h):
Trump should go back to the orange country he came from
You mean the Netherlands? or southern France??
Jersey
35.
Post 51836020 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.56h):
The treasury secretary is going to give an erotic press conference
Lawd I hope not.
36.
Post 51836162 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.56h):
https://twitter.com/CNBCnow/status/1150821533239119872Ten minutes to either stock up or run for the exits.
The treasury secretary is going to give an erotic press conference about crypto regulation. I presume this'll be more Libra bashing than anything else but you never know.
Here's what he said earlier in June...
https://home.treasury.gov/news/press-releases/sm713partial transcript...
Virtual Assets
One of the most valuable contributions of this plenary is the regulation of all virtual assets, especially cryptocurrencies. I commend efforts by the FATF to address the growing misuse of cryptocurrencies and other virtual assets by money launderers, terrorist financiers, and other illicit actors. I am proud to note that under the co-chairmanship of Spain and Singapore, you have delivered on the ambitious goal of addressing these risks in a number of ways.
The Interpretive Note adopted this week includes virtual asset standards that are binding to all countries. By issuing updated guidance, the FATF is enhancing financial transparency and setting expectations. This will enforce a level playing field for virtual asset service providers, including cryptocurrency providers, and traditional financial institutions.
Under these new measures, virtual asset service providers will be required to implement the same AML/CFT requirements as traditional financial institutions. They will need to:
•Identify who they are sending funds on behalf of, and who is the recipient of those funds;
•Develop processes where they are required to share that information with other providers of virtual assets, and law enforcement;
•Know their customers and conduct proper due diligence to ensure they are not engaging in illicit activity; and,
•Develop risk-based programs that account for the risks in their particular type of business.
By adopting the standards and guidelines agreed to this week, the FATF will make sure that virtual asset service providers do not operate in the dark shadows. This will enable the emerging FinTech sector to stay one-step ahead of rogue regimes and sympathizers of illicit causes searching for avenues to raise and transfer funds without detection.
•We will not allow cryptocurrency to become the equivalent of secret numbered accounts.
•We will allow for proper use, but we will not tolerate the continued use for illicit activities.
•In the U.S., I have convened a working group with the Federal Reserve and other regulators to make sure we keep the use of digital assets for legitimate use only.
•I encourage you to do the same in your markets.
We must work together to ensure that virtual assets are no longer a safe haven for illicit actors to end-run around established AML/CFT safeguards.
The United States welcomes responsible innovation, including new technologies that may improve the efficiency of the financial system and expand access to financial services. Yet we must maintain our financial system’s integrity and protect it from abuse. That is why the United States has in place a comprehensive AML/CFT framework for regulating, supervising, and taking enforcement actions relating to virtual currency and other digital assets.
The United States subjects the same AML/CFT controls to covered providers and activities as any other U.S. financial institution. For example, service providers must register with FinCEN. They must also institute an AML program, and recordkeeping and reporting measures, including filing suspicious activity reports.
37.
Post 51836365 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.56h):
Has it devolved into a rant about minorities, jews, or gas chambers yet?
They are grilling Mnuchin on why "Trump's tweets are so racist".
Seriously.
That just means the general public still isn't ready to mass adopt crypto.
38.
Post 51845652 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.56h):
39.
Post 51845967 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.56h):
These came across my feed just now, seems pretty clear the US is going with the 'threat to security' angle...
The current crop of excitement has primarily been a vehicle for the government to tell Facebook how much they fucking hate them over and over again.
LOL, quite. Still, I think the use of loaded language is intentional. In my paranoid fantasy I will not be surprised if they start going after fiat gateways in the name of retail investor security, while still allowing full access to crypto markets by accredited financial institutions. Judging by the price action today, their words do seem to have an effect.
40.
Post 51846032 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.56h):
The current crop of excitement has primarily been a vehicle for the government to tell Facebook how much they fucking hate them over and over again.
LOL, I think you hit the nail on the head, case in point
https://www.cnbc.com/2019/07/16/sen-sherrod-brown-slams-facebooks-cryptocurrency-ambitions.htmlJust hope they don't throw the baby out with the bathwater.
41.
Post 51846231 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.56h):
Whoever came up with the saying "Markets Take The Stairs Up And The Elevator Down" deserves an sMerit. But he/she is probably long dead and would hate crypto anyway.
42.
Post 51846335 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.56h):
Don't worry guys, we'll be back above $12k by Friday, because that's when my weekly auto-buy happens. Been missing the dips since 2017!
43.
Post 51848040 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.56h):
Those wacky Tether kids and their shenanigans.
44.
Post 51848430 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.56h):
The next 24 seconds are critical for bitcoin.
45.
Post 51850331 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.56h):
So had the email notice to check my quarterly 401k action and this time I actually looked at it. My YTD earnings is at 25.0% which is flat out amazing for a 401k. And then I looked at BTC for YTD and got 25.9%. BTC continues to beat the street.
46.
Post 51867849 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.56h):
Keerist I gotta remind myself to stop checking the WO thread while at work.
47.
Post 51868833 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.56h):
What do you win ?
You win the avoidance of utter ruin attempting to time things.
I'm pretty darned sure that had I arrived in Bitcoinland convinced I was a hero trader like so many people seem to I'd be left with fuck all by now.
QFeffinT, ask me how I know this, lol.
48.
Post 51924895 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.56h):
49.
Post 51937905 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.56h):
At first glance that looks 2nd order but if you remove the large gap up jump at the front then it looks more linear. If the former then that would predict a 2021 price of around $10k, if the latter a 2021 price of $100k, just by a rough eyeball guesstimate.
50.
Post 51941591 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.56h):
I only buy bitcoin to up my WO street cred.
51.
Post 51941627 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.56h):
It was a genuine question, as I'm unfamiliar with the term - what does "Wall Observer" mean?
I wondered that at first too. I'm pretty sure it's just a reference to the queue depth at bid/ask prices.
52.
Post 51942082 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.56h):
As for there being a "limited supply", is this not simply a variable, able to be changed at the discretion of the largest and most powerful network contributors?
No. It would require a consensus among 51% of the miners to change the protocol or a successful 51% attack, neither of which is likely to happen. It is hard to overstate just how incredibly improbable that would be. And should it happen then it would no longer be bitcoin.
Back to the primary motivation of fiat return (and potential loss), I see - is this how most people see bitcoin? A purely speculative asset and/or tool for gambling?
Sure a lot of them do. A lot of others see different/more reasons. I consider it a store of value not related to fiat return. That's an admittedly long (very) view. It's also a world computer. And a way to take control of your own financial power without middle men, with the concurrent responsibility of being very up to date on security.
53.
Post 51942423 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.56h):
As for there being a "limited supply", is this not simply a variable, able to be changed at the discretion of the largest and most powerful network contributors?
No.
It would require a consensus among 51% of the miners to change the protocol or a successful 51% attack, neither of which is likely to happen.
Isn't "consensus among the majority of miners" effectively identical to "the discretion of the largest and most powerful network contributors"?
They would have to work in cooperation which is not what I assumed you meant from your statement. And then they'd have to convince everyone else to use it, otherwise they'd just be mining their own fork to the sound of tumbleweeds from the rest of the world.
https://www.blockchain.com/en/poolsIt is hard to overstate just how incredibly improbable that would be.
Why would it be "incredibly improbable"?
Bitcoin Cash exists, doesn't it? Bitcoin Satoshi's Vision exists, doesn't it? Although these projects have not
yet changed the total supply or distribution, they have changed other variables in the protocol.
What about litecoin? The Scrypt mining algorithm utilised in litecoin is as secure as the SHA256 mining algorithm utilised buy bitcoin, albeit slightly different in design. Confirmation times are faster with litecoin, and there is a higher total supply.
What makes bitcoin better than litecoin?
Is vanilla objectively better than chocolate?
Chocolate is ALWAYS better. Those coins you mention are not bitcoin. That's the point. They are something else. None of them can change the total supply of bitcoin. Maybe one of them eventually beats bitcoin in adoption but so far that looks very unlikely, I wouldn't hold my breath for that. To survive, all those coins listed will have to overcome the first mover advantage of bitcoin and/or carve out their own niche. Those are tall orders. And that is still magnitudes more probable than bitcoin changing its supply limit. For that to happen, it's not just a consensus to change the code, it's also convincing all the people that are using bitcoin now to adopt it to the point it kills off 'old' bitcoin.
54.
Post 51942436 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.56h):
No...incredibly improbable...no longer be bitcoin.
I would dump the holy living fuck out of that shitfork.
You, me, and everyone else in the world most likely.
55.
Post 51947817 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.57h):
Moderate barting. Doesn't feel like ATH times at the moment.
Didn't know there was a word for that behavior, thanks for expanding my vocab.
https://cryptocurrencyfacts.com/2018/04/16/the-bart-crypto-pattern/
56.
Post 51948782 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.57h):
57.
Post 51950396 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.57h):
Nov 2001?
We have a winner! Congrats!
Exact date Nov 18, 2001.
He did not answer, he questioned! 🤪
God damn it!
Why do I always lose? 🤔
Ya gotta DCA on these games, don't try and time 'em.
58.
Post 51958933 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.57h):
59.
Post 52007392 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.57h):
"According to Baradaran, we already have a public ledger, it’s called the Federal Reserve."
https://cointelegraph.com/news/live-crypto-blockchain-hearing-at-us-senate-banking-committeeI'm pretty sure the Fed's ledger isn't available to examine by the public. This seems like obfuscation.
Also looks like the usual talking heads are weighing in with just enough knowledge to hurt themselves...
https://cointelegraph.com/news/cnbc-host-goes-full-bitcoin-maximalist-with-55k-forecast-after-halving
60.
Post 52028565 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.57h):
A couple good articles...
This one's an interview with a crypto trading manager who says she hasn't seen big institutions get involved yet...
https://www.forbes.com/sites/jeffkauflin/2019/08/01/why-we-need-new-legislation-for-cryptocurrencies-qa-with-institutional-trading-firm-ceo-jennifer-campbell/#26d7b22ab905Forbes: Many people I’ve spoken with recently have said institutional investors are starting to come into the market more quickly. You don’t necessarily think that’s the case?
Campbell: They’re definitely coming in more than 2018. There are more traditional folks like smaller hedge funds that have come into the market. We’ve had more conversations with the large institutions, but none of the top five institutions are actually trading today.
--------------------------------------------------
This one's about more FUD from centralized institutions, this time in the UK...
https://www.forbes.com/sites/billybambrough/2019/08/01/bitcoin-has-no-intrinsic-value-as-uk-moves-towards-crypto-ban/#5617b0ad2d27I guess it's hard to steer a boat when it has centuries worth of inertia. They'll come around eventually of course but I don't think it's going to be a particularly smooth ride for us.
I particularly like this quote:
"Although not a ban, [the U.K.'s FCA warning is] a move in that direction," said Herbert Sim, head of business development from Broctagon Fintech Group. "This lack of enthusiasm is shared by several countries; the U.S. with its scrutiny of libra, and India, who are looking to implement a similar ban on cryptocurrencies which are not state regulated. These movements could end up coming back to bite. The international competition on cryptocurrencies is heating up and there are huge risks in being left behind."
61.
Post 52028700 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.57h):
https://cointelegraph.com/news/bitcoin-passes-new-milestone-as-network-mines-85-of-its-total-supplyWell if some guy on twitter says it, lol...
“Scarcity is about to kick in,” the crypto trading account known as Rhythm on Twitter commented on the event.
I think the lone comment wondering what the price will be when it is 99% mined is interesting.
62.
Post 52039181 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.57h):
WO CONTEST: Best dialogue between the two blokes in front of the "hard disk" wall wins 2 merits!
I dunno Frank, that looks malignant, you should get it checked out.
Yeah, probably, hey wanna go grab some chili-dogs?
63.
Post 52070020 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.58h):
The stockmarket had a 10 year bullrun. Time for a nice healthy correction. Last correction happend in 2008 and 2000.
Shit will hit the fan again.
And all that money will pour into btc as an uncorrelated asset.
64.
Post 52070120 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.58h):
Observing top holder Coinbase buy/sell ratios:
btc: 33/67
eth: 35/65
ltc: 29/71
65.
Post 52070519 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.58h):
Good read, some typical careful boilerplate type of answers but Carol Goforth's response is hilariously DGAF.
https://cointelegraph.com/news/why-is-the-us-not-yet-a-leader-in-crypto-regulation-experts-answer
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Post 52080286 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.58h):
I started buying in May 2014. I’ve never declared any tax at all. Correct me if I’m wrong but you only pay capital gains tax when you start to sell?
Only when you sell for fiat. If you convert to another digital asset you don't pay capital gains. At least not yet.
67.
Post 52080948 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.58h):
I started buying in May 2014. I’ve never declared any tax at all. Correct me if I’m wrong but you only pay capital gains tax when you start to sell?
Only when you sell for fiat. If you convert to another digital asset you don't pay capital gains. At least not yet.
Nope. In the UK and US every move to fiat or alts is a disposal and therefore taxable. Could be totally different where you're at but everyone should do a little homework or you may end up with a tax bill 100x bigger than your current holdings.
Yes you are right, my information was incorrect. Not sure if it was outdated or I just never learned it correctly, but I agree with your warning. Here's some more recent info applicable to US folks:
When US president Donald Trump signed his monumental tax bill into effect late last year, it more clearly defined cryptocurrency as a taxable entity. It included an amendment to section 1031 (a)(1), which concerns “like kind exchanges,” meaning any crypto being traded for another is now legally taxable. So even if you have never converted your crypto into fiat currency (i.e. the US dollar), but you have traded between two cryptos (like buying ethereum using your bitcoin), then you need to declare it. If you unintentionally earned money through one of your currencies forking, even though you didn’t have control over it, then that’s also a taxable event.
https://qz.com/1247447/bitcoin-and-ethereum-income-tax-if-you-traded-crypto-on-coinbase-you-owe-the-irs/
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Post 52082754 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.58h):
Note: IANAL, and this is not tax advice. Evidently, neither is bkbirge.
gentlemand beat you all to the punch, I am properly chastised by my WO elders. Don't take anything I say, ever, as tax advice, lol.
69.
Post 52090553 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.58h):
The ‘Vault’ Is Back: Coder Revives Plan to Shield Bitcoin Wallets from TheftBasically, someone holding bitcoin primarily as a store of value could put it in cold storage, or hold it offline, with code that says it can be spent, but not immediately. The owner could set some pre-determined time delay on any attempt to move the coins. The fact that it has a built-in delay would give a true owner time to reverse a transaction if their private information had been compromised and someone tried to steal their crypto.
Malte Möser, Ittay Eyal, and Emin Gün Sirer proposed this feature, known as “vaults,” as a way to better secure bitcoin in 2016, but their proposal required a fork of the protocol codebase. That fork never happened.
But on Wednesday, Bitcoin Core contributor and crypto consultant Bryan Bishop sent out a design to developers to accomplish the same thing using existing code.
https://www.coindesk.com/the-vault-is-back-bitcoin-coder-to-revive-plan-to-shield-wallets-from-theft That's cool, Coinbase has that functionality but of course it's a centralized exchange and you aren't in control of your keys. This looks to be the better solution.
70.
Post 52091421 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.58h):
Mounting recognition of Bitcoin as a safe-haven asset is being spurred by the relevance of its non-sovereign characteristics amid an unpredictable geopolitical backdrop. The coin is “doing exactly what it's designed for today,” cryptocurrency and blockchain lawyer Jake Chervinsky argued earlier this week.
https://cointelegraph.com/news/bitcoin-price-correlation-with-gold-nearly-doubled-in-past-3-monthsSeems to tie in to what some folks here were discussing earlier.
This is interesting, gov't hackers moonlighting at night?
https://cointelegraph.com/news/chinese-govt-hackers-are-targeting-crypto-companies-report
71.
Post 52113718 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.58h):
Pretty cool... "Bitcoin has only spent 63 days in its history where it closed above current price. This was the factoid posted by crypto-analyst Ceteris Paribus on Aug. 6, along with comparative data for selected altcoins." ...
https://cointelegraph.com/news/bitcoin-price-is-currently-sitting-in-its-historic-top-2-rangeThe hackers are getting more sophisticated, this may be the negative of crypto that will always be with us, an endless cat and mouse game ...
https://cointelegraph.com/news/coinbase-says-it-prevented-a-crafty-phishing-attack-to-exfiltrate-keys
72.
Post 52114777 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.58h):
73.
Post 52114838 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.58h):
And this is why most people ignore you when you mention bitcoin, fly by night outfits like this do not serve bitcoin evangelism very well...
https://cointelegraph.com/news/texas-securities-watchdog-shuts-down-craigslist-crypto-scammer
74.
Post 52122928 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.58h):
One time this security guard warned me against drinking GSM gin, he said sometimes people literally don't wake up the next day after drinking it, but I'm still here, so...
I only drink the finest Dominican Republic brewed methanol.
75.
Post 52140439 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.58h):
Really don't care if someone wants to waste time tracking my addresses. All my shit is above board, it's not any more of a threat than having a bank account is.
I hear ya, but otoh if someone has your personal info and your addresses it makes it just that more likely you'll be hacked. Ain't no one got time for that. With a bank account you have the supposed protection of the insurance and institutional safeguards. With your own accounts it's just you doing security. Criminals go after the easy targets.
76.
Post 52159902 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.58h):
Dominos are starting to fall. Maybe next step we'll hear about player contracts negotiated in bitcoin.
https://cointelegraph.com/news/dallas-mavericks-become-second-nba-team-to-accept-bitcoin
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Post 52162595 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.58h):
78.
Post 52169183 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.58h):
It can stay like this for years as far as I'm concerned. I'll DCA all the way.
News...
https://cointelegraph.com/news/time-for-plan-says-vaneck-exec-as-negative-yield-bonds-hit-27I think this is nothing more than a blip...
https://cointelegraph.com/news/3b-ponzi-scheme-is-now-allegedly-dumping-bitcoin-by-the-hundredsGiven how China has captured the core group behind the scheme, and China's law enforcement history I'm expecting they'll get death.
79.
Post 52170720 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.58h):
I really had no clue this shit had gotten so bad, i was under the impression china had a hands off policy on HK. Apparently thats bullshit and after alot of googling and watching youtube vids I still have no clue whats going on there. I thought HK was the Golden Goose, is china trying to kill it?
Seriously if anyone can explain wtf is going on or link something that doesn't take a day of research to wade through that will sum up what the deal is, post it please.
Hong Kong Activist Leader Calls For A Run On Chinese Banks TomorrowThe shit is hitting the fucking fan. That's what happening in HK.
Tomorrow will be a good day.
Here is a good article explaining the protests: https://www.theguardian.com/world/2019/aug/13/what-do-the-hong-kong-protesters-want
I remember the fall of the Soviet Union.
It is possible that Hong Kong will be the spark that tips over the Chinese Communist Party. Especially if the protests spread to Taiwan and Macau.
China is not in the same situation as Soviet Russia was economically or politically based on my very cursory and casual reading of the news, I'd be very surprised if China doesn't get a handle on this. I'll go read that article, thanks for sharing.
80.
Post 52171071 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.58h):
Here is a good article explaining the protests: https://www.theguardian.com/world/2019/aug/13/what-do-the-hong-kong-protesters-want
I remember the fall of the Soviet Union.
It is possible that Hong Kong will be the spark that tips over the Chinese Communist Party. Especially if the protests spread to Taiwan and Macau.
China is not in the same situation as Soviet Russia was economically or politically based on my very cursory and casual reading of the news, I'd be very surprised if China doesn't get a handle on this. I'll go read that article, thanks for sharing.
How do you know in what situation they are?
Getting handle on this?
I am surprised that US is not supporting Hk all the way.
What happened to pro-democracy stance?
I don't think the end of the Soviet Union has a lot of parallels with the current HK crisis. China is not a bankrupt oligarchy with a large unhappy population. The US should support HK's pro democracy push, but I seriously doubt this will be the spark that brings down Communist China.
81.
Post 52171076 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.58h):
This should be interesting, but won't the state run banks just close? China is a dictatorship at the end of the day no matter how they try to wrap it.
I'd tend to agree but it will be interesting to watch.
82.
Post 52171601 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.58h):
Not that anyone here necessarily needs to read this article but you have friends and relatives that do, and it's a fun bullish as hell read...
https://www.forbes.com/sites/matthougan/2019/08/15/how-to-understand-bitcoin-if-youre-over-40/#733ecac647a5
83.
Post 52171697 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.58h):
Observing $10,249
Bottomed out at $9,5xx this morning?
And now $10,330
Forget about the morning 🤪
That makes sense, my auto-buy doesn't happen until tomorrow morning, so I'm guessing we'll be >$13k by then.
84.
Post 52173123 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.58h):
I am throwing up in my mouth a little after reading all these theoretical suggestions on how to suppress dissent.
Our entire much-praised technological progress, and civilization generally, could be compared to an axe in the hand of a pathological criminal. - Albert Einstein
and even more chilling...
People will come to love their oppression, to adore the technologies that undo their capacities to think. - Aldous Huxley
85.
Post 52179973 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
This guy thinks we may already be in a recession, talks about safe havens but notably leaves out any discussion of crypto, when usually he has something to say about it, interesting if slightly long read...
https://seekingalpha.com/article/4286282-oh-yes-recession-coming
86.
Post 52182415 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
"...Nakamoto will illustrate the role that cyphers and encryption related to his devotion to Chaldean numerology played in many decisions in his creation of Bitcoin."
87.
Post 52195613 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
If you got rid of Antifa the ProudBoys and other violent alt-right groups would still be here. Not the other way around. Antifa is a response to the alt-right. If you think they are just 2 equal sides to the same coin you have not been paying attention.
"Over the past decade, extremists of every stripe have killed 372 Americans. 74 percent of those killings were committed by right wing extremists. Only 2 percent of those deaths were at the hands of left wing extremists." (and note none of those deaths have been by Antifa)
https://www.snopes.com/news/2017/08/17/are-antifa-and-the-alt-right-equally-violent/
88.
Post 52206737 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
Interesting article...
While cryptocurrencies may not have replaced the dollar, they have three important positive areas of impact on the existing monetary system, the authors note.
First, citizens secure welfare gains from the existence of cryptocurrencies because they offer diversification; moreover, private digital currencies serve as competition for local investment and thus restrain monetary policy, thereby generating lower inflation.
Second, the authors argue that cryptocurrencies encourage local investment and serve as a complement — not as a substitute — for that investment. In offering an alternative to local fiat, they discipline monetary policy — again reducing inflation — leading to higher returns from investment and thus more investment overall.
Third, the government itself gains from permitting the use of cryptocurrencies within the local economy, given that it extracts revenue through taxation and thus benefits from the higher levels of local investment.
https://cointelegraph.com/news/bitcoin-simply-existing-positively-impacts-monetary-policy-research
89.
Post 52207306 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
Nope. Looks like you are serious. Have fun with that stuff. Keep an eye out for the lizard people.
LOL, out of sMerit, otherwise I'd give you all of 'em.
Snopes may not always be correct but I'd trust them far more than infowars. Also, the person who was objecting to the snopes link can always go there and verify *their* sources. The infowars type of places never seem to have verifiable sources, for obvious reasons.
I find this graphic to be useful as a gut check when reading online...
Source:
https://www.adfontesmedia.com/
90.
Post 52207370 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
Nice graph. Saved it.
Looking at CNN and FOX NEWS and it seems to be spot on 👍🏻
I think the Y-axis is equally, or maybe more, important to look at too. I think it's hard to remove all bias completely as journalists are human too but it should be a lot easier to find sources that at least don't make shit up.
91.
Post 52207531 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
I think NBC, ABC and CBS are a bit more left leaning than the chart proposes (by at least half a quadrant), but other than that I largely agree with it. I made one small addition, see if you can spot it.
The site will go through their whole methodology on how they generate their data if you want to go down that rabbit hole, also the plot is from 2018, maybe needs an update as society does seem to be getting even more partisan. Zero Hedge, never heard of them, good to know to avoid. I prefer to stay in the green/yellow zone if I'm actually choosing.
92.
Post 52207853 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
The listing of AP as some sort of paragon of centrist, unbiased reporting tells me all I need to know about your diagram.
This is from during the Kavanaugh hearings...
Overall, AllSides found that most of the coverage of Kavanaugh's hearing was Lean Left. However, the rest of AP's coverage remains Center. While there is some Left-Leaning content on AP's site, it is not enough for us to switch its rating from Center to Lean Left. We will continue to monitor AP's media bias closely — particularly, when there is not one story dominating the news — and will continue to conduct research.
Source:
https://www.allsides.com/news-source/associated-press-media-bias
93.
Post 52225117 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
Yes, Dolomites are very beautiful. I visited Dolomites 2 years ago.
I visited Dolomite back in the 70's.
94.
Post 52235670 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
Time the Change my hat . My Gut says $15000 in the next 2 weeks
The next 24 hours are critical.
95.
Post 52235855 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
The bipolar crypto experts are reading tea leaves again...
https://cointelegraph.com/news/bitcoin-price-not-at-the-top-of-new-bull-cycle-yet-new-data-showsBDD refers to the amount of time between movements of an amount of Bitcoin. Higher prices tend to coincide with coins moving more often — and at present, Hauge says the opposite trend is apparent.
Coupled with this, as Cointelegraph recently reported, the Bitcoin Fear & Greed Index, which also measures market sentiment, remains near the bottom of its possible range.
“That's the exact thing you should be looking for if you're buying the dip for the long-term,” Hauge advised.
https://cointelegraph.com/news/bitcoin-price-struggling-at-10k-as-analysts-warn-of-2018-style-dumpAnother popular analyst on social media, The Crypto Panda, was more pessimistic still — warning on Wednesday that Bitcoin faced a breakdown similar to November 2018. At that time, a sudden shift saw BTC/USD hit local lows of just $3,100
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Post 52236300 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
97.
Post 52245244 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
98.
Post 52245914 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
https://cointelegraph.com/news/bitcoin-advocate-becomes-nobody-to-run-for-new-hampshire-town-mayorI particularly like this quote, lol...
Formerly known as Rich Paul, “Nobody” is a long-time Keene resident, who loves cannabis, cryptocurrency and freedom.
https://cointelegraph.com/news/andrew-yang-wants-to-make-us-elections-fraud-proof-using-blockchain“It’s ridiculous that in 2020 we are still standing in line for hours to vote in antiquated voting booths. It is 100% technically possible to have fraud-proof voting on our mobile phones today using the blockchain. This would revolutionize true democracy and increase participation to include all Americans — those without smartphones could use the legacy system and lines would be very short.”
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Post 52246034 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
If a european moved to PR, what would the tax situation look like?
I'd be more worried about hurricane shelters than tax shelters in Puerto Rico. On the plus side, you probably won't run out of paper towels anytime soon.
100.
Post 52246568 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
Guy seems to think $250,000 USD/BTC is on the horizon, quite a change from the usual Forbes gloom and doom about crypto...
My point, however, is bitcoin is replacing gold as the safe harbor asset and that is a role that is only going to grow and while there is only $200 billion or so of it, it must fly higher than $5 trillion gold and its entourage of paper proxies.
His point at the end of the article is Trump's incapability to act like an adult with his dumb tweets causes nervous investors to run into the arms of crypto.
101.
Post 52246589 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
Countries without tax on crypto
Malta
Portugal
Belarus
Panama
Puerto Rico
Singapore (individuals don't pay tax on profits from the crypto trading)
Slovenia (if you have less than 100 tradable days per year)
Germany (if you hold at least 1 year)
Liberland (very pro-bitcoin micro state)
Austria (if you hold at least 1 year)
Denmark is still taxless. It won't STAY that way, getting out while I can.
As a private person, non professional, prfits from monetary metals and BTC are taxfree in Belgium also. Even no need to declare as income.
How are they going to know that you are holding crypto if you do not publicly disclose your addresses? It's only possible if someone is willingly paying their tax and one should do so.
KYC. At some point most people have to get on a gateway to convert fiat to crypto and, at least in the developed countries, those are increasingly requiring stringent identification. Additionally there are some smart people that are already creating tools to track wallet movement and they can use a variety of techniques to tie those to people and groups. Basically, it wouldn't be smart to count on avoiding the taxman.
102.
Post 52246670 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
Guy seems to think $250,000 USD/BTC is on the horizon, quite a change from the usual Forbes gloom and doom about crypto...
My point, however, is bitcoin is replacing gold as the safe harbor asset and that is a role that is only going to grow and while there is only $200 billion or so of it, it must fly higher than $5 trillion gold and its entourage of paper proxies.
His point at the end of the article is Trump's incapability to act like an adult with his dumb tweets causes nervous investors to run into the arms of crypto.
Trump is actually pro-bitcoin - if the trade crisis worsens guess where all the money is flowing to?
BTC So Trump has actually done more good than bad.
Trump himself is definitely not pro btc, at least from statements he's made, and given he's a septuagenarian whose demonstrated little interest in anything outside his clearly limited comfort zone I can believe it. However his bumbling pompous announcements have the effect of boosting bitcoin because he's so batshit crazy and unpredictable in action that no one trusts his words. That may be good for btc in the short term but is a disaster for actual live people in the long term. I don't think we need the Chief Twit to boost btc, we'll get that without his 'help'. Just my opinion.
103.
Post 52252670 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
The fallacy with Biden's statement to his base is that the assumption is that only (or mostly) rich people invest. There is a large amount of the middle class that realize between the looming social security/medicaire bankruptcy and the lack of any sort of pension from the workplace that the only way to have a chance at surviving into retirement we need to invest. Taxing those people at max capital gains destroys their futures.
But Biden still lives in the past where there were strong unions and pensions and a large part of the dem base is very young and haven't figured out yet how screwed they are about their later years (or are just completely hopeless about them and aren't even planning).
Caught between the GOP gutting social security and medicaire, and the DNC wanting to tax the rich with ill thought plans that effect everyone, the middle class is getting squeezed as usual from both parties. The poor are pretty much the same as always, poor.
104.
Post 52258059 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
Thanks for sharing, very interesting article, merit to you.
105.
Post 52265618 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
Well Boris is smarter and better human than trump.
Not a high bar to get over.
106.
Post 52265714 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
They are both K-selected. Trump more than his english counterpart. Incidentally so is Putin, Theodore Roosevelt, Eisenhower and, to some degree, Hitler. This is why they get along, and why the left all hate them.
https://www.google.com/amp/s/camestrosfelapton.wordpress.com/2017/11/04/weird-internet-ideas-rk-and-the-far-right/amp/One re-occurring example explains a lot of the attraction of r/K to the right. Rabbits and wolves. Not actual rabbits or actual wolves but rather a mental picture these guys have of rabbits and wolves.
107.
Post 52266258 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
https://cointelegraph.com/news/bitcoin-bombshell-libra-rivals-twitter-spats-hodlers-digest-aug-1925In news that’s likely to send a shiver down the spine of altcoin evangelists, new research suggests that Bitcoin’s (BTC) true market dominance may have been drastically underestimated. While mainstream crypto data aggregators claim the world’s biggest digital currency has a 70% slice of the market, analysts at Arcane Research believe BTC dominance is actually more than 90%. It says market capitalization is a “meaningless measure” when liquidity isn’t taken into account, and boffins used trading volume in order to make their recalculations.
https://cointelegraph.com/news/bitcoin-dominance-is-actually-above-90-new-research-suggests“It is notoriously difficult to compare and contrast different projects targeting different niches. [...] For crypto, one could argue that the whole idea of measuring the relative strength of different coins and tokens falsely implies a competition between complementary solutions.”
108.
Post 52266531 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
From the article
IQ is inversely related to size of genitals.
I lol'd when they mentioned that part of the idea somehow wasn't quite as adopted among the alt-right as the other stuff.
109.
Post 52272017 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
Nice little pump tonight, figure well slide down to 10,200 and bump right back up, I might put some skin in the game on that feeling, if the buy order doesn't fill then good.
Good call, you got close though I didn't see it hit quite that low.
110.
Post 52272207 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
what's the probability for bitcoin to reach 1 million in December 2019?
Goin' by the chart it looks asymptotically indistinguishable from 0% at 1000k.
111.
Post 52273002 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
Oh sure. And since we change our entire body molecular structure every 5 years it's pretty insane to assume the person you have now is the same one as 10 years ago. Things change.
I don't believe that.
Scars, tattoos survive for decades, right?
cells are dying and being replaced all the time
https://www.livescience.com/33179-does-human-body-replace-cells-seven-years.htmlNote: the cells in the brain don't get replaced when they die.
112.
Post 52274776 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
Good article, thanks for sharing. Paints a scary pic for sure.
113.
Post 52275472 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
Just buy bitcoins so you could afford a castle in the future.
Like this
Buy this one and you get the "Baron" title to go with it...
https://www.prestigeproperty.co.uk/8-bed-castle-perpignan-pyrenees-orientales-languedoc-roussillon-france-213444
114.
Post 52282767 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
Did anyone think that CSW would give an interview for free?
No. This is just an elaborated "consortium" to FUD that Bitcoin price could fall. (Not that it wouldn't be volatile anyway).
What a weird read, the guy seems to have a bit of a messianic complex. IMO if Ira dumped all those coins immediately I would love it, BTC tanks temporarily for a day or less and we all pick up cheap coins. The total supply remains the same, a btc is still a btc. To me, this would be a lot different than uncertainty in the market or another exchange hack tanking btc. And what's cooler is it likely won't be priced in beforehand as no one knows when or even if Ira will dump. So yeah, bring it on.
115.
Post 52283979 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
Did anyone think that CSW would give an interview for free?
No. This is just an elaborated "consortium" to FUD that Bitcoin price could fall. (Not that it wouldn't be volatile anyway).
What a weird read, the guy seems to have a bit of a messianic complex. IMO if Ira dumped all those coins immediately I would love it, BTC tanks temporarily for a day or less and we all pick up cheap coins. The total supply remains the same, a btc is still a btc. To me, this would be a lot different than uncertainty in the market or another exchange hack tanking btc. And what's cooler is it likely won't be priced in beforehand as no one knows when or even if Ira will dump. So yeah, bring it on.
The story is strange because you can only tax what is owned. So only if a legal document explaining the trust is available, explaining the contents of the trust aswell, he would need to pay up on behalf of the trust.
I wouldn't think a smart guy would have his bitcoins mentioned in some legal document on which the IRA can lay it's hands.
The coins won't be dumped. If you look at the Silkroad coins, they were auctioned.
So I believe the Bitcoins will be auctioned for the price that the IRA need, maybe in batches.
Who will be auctioning the coins is unclear, so either the IRA or CSW.
Don't think the coins will get dumped in one go or even hit the exchanges.
Having those coins dispersed into the network is good since there will be less and less whales that can manipulate the price.
Maybe the current sideways movement is the dumping of those coins to gather the owed amount in USD...
I'm not sure it would be a big deal either way. I mean, if they have to raise $2 billion USD to pay an estate tax, that's roughly
20,000 200,000 btc at recent prices. According to:
https://coinmarketcap.com/currencies/bitcoin/Last 24 hour volume is: 1,557,163 BTC
20,000 200,000 BTC is a
small big fraction of that daily reported volume. So whether auctioned or dumped on the open market
I guess it doesn't really matter holy fuck.
116.
Post 52284211 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
117.
Post 52285426 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
Left out a 0 there. Maths are hard
Yikes, yep 200,000 btc dumped on the market maybe is more substantive. If you knew my day job you all would be laughing even more.
118.
Post 52291934 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
https://cointelegraph.com/news/bitcoin-fixes-this-thousands-of-fake-gold-bars-dilute-market-supplyAs Reuters reported on Aug. 28, the gold industry is currently facing a forgery crisis — with fake kilogram bars found in the vaults of major banks such as JPMorgan Chase.
119.
Post 52292083 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
Hope they are good at acting surprised
I know, right? I'm sure it was a great run for them while it has lasted. I guess gold isn't as stable or trustworthy as it's made out to be, or at least the gatekeepers in charge of it aren't.
120.
Post 52293198 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
So the gold people have the equal of monero. :-)
Haha! Classic!
121.
Post 52295664 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_16.59h):
If I'm not mistaken, Bawb gots himself some Rhodium. In the form of a limited-edition Neumann U87.
No rhodium for me. Too esoteric. How do you trade it after the zombie apocalypse? (My Neumanns are in traditional nickel and subdued black matte).
U67 or GTFO
122.
Post 52303597 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.00h):
123.
Post 52303999 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.00h):
I think Belize is also one of these countries doing the same, at least
for 'retiree's' in Belize (over 55 years and spend at least 30 days in-country in 5 years I think, need not be concurrent
either if I remember correctly.
That's cool and all but I'm less likely to get shot in Portugal...
https://www.numbeo.com/crime/compare_countries_result.jsp?country1=Portugal&country2=BelizeI do remember it wasn't too long ago though that Belize was touted as a great retirement destination, I'm sure these rankings change all the time.
124.
Post 52304544 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.00h):
Here:
Probably outdated source because in 2018 Portugal declared completly tax free for cryptocurrencies. Even today's cointelegraph news mentioned Portugal as one of the countries with no tax.
Cool! WO was discussing about that 6 days ago
and you didn't provide any link obviously...
I think y'all maybe missed the point of the link I posted today, this isn't old news from 6 days ago. The link explains that purchases with crypto are VAT free. This follows from a clarification by the Portuguese gov't a couple days ago. Note the quote below isn't talking about investment gains.
According to a report published on Aug. 26 by Portuguese business newspaper Jornal de Negócios, the Portuguese Tax and Customs Authority have confirmed that crypto transactions or payments are exempt from Value Added Tax (VAT).
125.
Post 52305715 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.00h):
Don't worry, I give this drop just another few hours before we are back up again, my DCA auto-buy is coming up later this evening.
126.
Post 52347910 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.00h):
I can just see CW trying to claim this, lol...
https://cointelegraph.com/news/pompliano-satoshi-should-win-nobel-peace-prize-for-bitcoin“Satoshi should win the Nobel Peace Prize. We finally have a currency that can assume global reserve status without anyone having to engage in violence.”
127.
Post 52347926 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.00h):
Maybe we are seeing some front loading here in preparation for this...
https://cointelegraph.com/news/vaneck-solidx-to-offer-limited-bitcoin-etf-for-institutions-via-exemptionAccording to the report, the investment management firms are planning to start selling on Sept. 5 under the United States Securities and Exchange Commission’s (SEC) Rule 144A, which allows the sale of privately placed securities to “qualified institutional buyers.”
128.
Post 52347988 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.00h):
I didn't see those other sources, thanks. Any comment on whether today's price action has a correlation? What say you oh chart masters?
129.
Post 52349910 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.00h):
Pretty cool stuff. Prices are in fiat I notice.
130.
Post 52350538 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.00h):
131.
Post 52360418 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.00h):
Well wishes to V8 and your family, may your wife receive the best care possible and go into remission.
132.
Post 52396063 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.01h):
Here's a plot showing the 10btc address rise metric, from
https://decrypt.co/8921/number-bitcoin-addresses-bitcoins-reaches, which says there are now 157000 wallets with at least 10 btc, and 614500 addresses between 1 and 10,...
133.
Post 52396114 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.01h):
Some of you may get a kick out of this article...
Of course, technical analysis sometimes seems to work, says Janny Kul, who crunched the numbers on hundreds of TA research papers. Likewise, a coin flipped several times might yield five heads in a row. But falsely assuming that the coin’s past landings affect the probability of its future landings is wrongheaded. Indeed, the fallacy even has a name—“statistical independence.”
https://decrypt.co/9002/technical-analysis-the-art-of-wrongly-predicting-the-future
134.
Post 52396662 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.01h):
I actually liked the answer McAffee gave when asked about his motivation for promoting. I also thought this comment on the vid was hilarious...
I was on this cruise. I think we may have accidentally got on the wrong ship, as it appeared that we had found ourselves on a tragic beauty queen contest boat. I think the organisers may have greatly underestimated the intelligence of the crypto community. The guys aren't the sort of idiots that would be excited by that calibre of women, the crypto community that I know are highly intelligent, and it really took any sort of soul out of the event and made crypto seem like a seedy greedy lambo loving gold digger drenched hell. I felt like I needed to shower for 3 days afterwards. On a positive note, this is a beautifully made vid!
135.
Post 52406199 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.01h):
Didn't see this posted yet, the correlation with halving while not too surprising is still interesting, keep HODL'n...
While a 100% sure profit would have taken a maximum of 1,335 days, this relates to the bull-run in late 2013, when Bitcoin price surged to $1150. If you had bought in right at the top, then it took 1,335 days before Bitcoin finally broke that level in early 2017.
https://cointelegraph.com/news/new-analysis-every-bitcoin-holder-makes-a-profit-after-1-335-days
136.
Post 52406269 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.01h):
Some of you may get a kick out of this article...
Of course, technical analysis sometimes seems to work, says Janny Kul, who crunched the numbers on hundreds of TA research papers. Likewise, a coin flipped several times might yield five heads in a row. But falsely assuming that the coin’s past landings affect the probability of its future landings is wrongheaded. Indeed, the fallacy even has a name—“statistical independence.”
https://decrypt.co/9002/technical-analysis-the-art-of-wrongly-predicting-the-future"Coin’s past landings affect" analogy is stupid. There's a big chance tomorrow's price will be close to today's price, everyone knows that. Tomorrow's price is not "statistically independent" from today's price.
Multi-year trend lines also can be useful for multi-year predictions.
Even past 2-3 months can be useful, like right now we're experiencing 80 days of sideways. So there is a good chance we'll continue moving sideways for at least another week.
Can you quantify the 'good chance' and why the week time duration of your prediction? I think the analogy works when you consider the prediction is not whether the price is close to short term past but whether it moves up or down relative. That's the coin flip part. At least that's how I understood it.
137.
Post 52406326 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.01h):
This is nonsense.
No evidence, no rationale.
It's like driving straight on a road because on the the rear mirror it has always been a straight road.
Or like drawing a straight line through a price chart of the last 4 years and expecting it to still be straight 4 years from now.
138.
Post 52406543 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.01h):
There are different types of predictions, from unreliable short-term predictions for traders, to pretty reliable long-term predictions for us holders. It would be wrong to just dismiss all of them.
Totally agree, that's why I find the topic pretty interesting.
139.
Post 52407151 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.01h):
Do you have any idea what a pain in the ass it is to get rid of gold?
Just leave it on the curb, I'll come by for pickup after work.
140.
Post 52408207 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.01h):
Interesting article, ...
Central and commercial banks are the top dogs of the world’s largest market by trading volume—the $5-trillion-a-day foreign exchange (FX) market. A closer look at the balance of power in this global industry reveals how banks could manipulate, and even dominate, cryptocurrency in an unregulated market.
...
Through policy, central banks could incentivize their commercial underlings to realize Hal Finney’s “Bitcoin bank,” replicating the fractional-reserve banking system of today using BTC as reserve currency and effectively integrating it into the world of FX.
...
If banks enter the crypto market in force and employ some of the tactics they have evidently used to dominate FX—legitimate or mischievous—heavy implications could be in store for the price discovery of cryptocurrency. Ultimately, both commercial and central banks would profit from placing fiat-style controls over crypto and subjecting the market to the same dynamics at play in FX.
https://cryptoslate.com/will-banks-inevitably-control-the-cryptocurrency-market/
141.
Post 52415055 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.01h):
Old hat to many here I'm sure but I liked this quote...
History has shown us time and time again that when multiple forms of money are used in parallel, it’s the hardest (or most reliable) money that wins every time.
And Bitcoin is the most reliable money we’ve ever invented.
https://simplebitcoin.co/the-biggest-misconception-about-bitcoin/
142.
Post 52416091 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.01h):
Some more details on that indicator here, they seem to say that the top call isn't as reliable as the bottom...
https://medium.com/adaptivecapital/bitcoin-market-value-to-realized-value-mvrv-ratio-3ebc914dbaeeThresholds: Going forward, as market cap decreases in volatility, we believe that the upper threshold of MVRV might not prove as reliable — as market cap overextends less and less above realized cap as time progresses. However, we expect the lower threshold to remain useful to detect Bitcoin’s undervaluation in multi-month periods ripe for accumulation.
143.
Post 52425549 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.01h):
I have a dog with no legs. I call him Cigarette because every evening when I get home from work I take him for a drag.
My sister had a dog with 3 legs, she named it Fraction. Great dog, couldn't jump as well as others but can't say the handicap really affected him much. Fur reals.
144.
Post 52425562 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.01h):
finally a climate-neutral possibility to mine bitcoin
That's ridiculous.
Cat-bread's have almost no torque.
I'm more concerned about the labor involved fixing the crankshaft to that particular attach point. I imagine claw proof protective gear is in order.
145.
Post 52427074 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.01h):
Interesting market analysis, the guy doesn't mention bitcoin but I've read him in the past and is take is that a recession is good for bitcoin, he seems to think the fed can't stop the recession train for very long if at all...
https://seekingalpha.com/article/4290996-recession-approaches-fed-fed-deal-deal
146.
Post 52436534 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.01h):
I know that Trump via executive order on paper can ban Bitcoin. What if anything would it due to price and/or consequences of such idiocy
if he attempted such?
It wouldn't be bright
Brightness isn't a hallmark trait any of the Trumps are known for. I think it's consistent with Trump's lack of critical thinking if he were to enact a unilateral move against crypto. And the old guard on both sides of the aisle are very wary of crypto so it could get considerably more rocky before it gets better on the regulation front. Good news is they won't live forever, and the mainstream bankers, at least the worker bees are seemingly far more crypto aware.
147.
Post 52438330 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.01h):
For everyone foaming at the mouth, we didn’t break the previous ATH until March 2017. That’s equivalent to March 2021 this time around.
So settle down.
148.
Post 52470602 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.01h):
I wonder to what extent this chart that has been so widely shared is already priced in? I mean if everyone truly thinks 100k is a year or less away then they'd be buying right now hand over fist and the price would already be up, at least I would (and that's what I'm doing as I'm able). Or do you all think the big front loading wouldn't start yet?
149.
Post 52471722 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.01h):
150.
Post 52473698 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.01h):
Probably not my most popular post. Monday morning tinfoil truth seeking.
What is the probability that the US government’s big national secret is zero-point energy extraction?
If the military/government/TPTB have been engineering/reverse engineering energy and its applications in secrecy for 80+ years, would that undermine Bitcoin’s SOV and cryptographic security? Surely the implications of such a technology are too vast to conceive.
I ask this question because energy is what BTC proposes to base sound money on. There's too many historical and theoretical examples of energy use on this planet to conclude that the current public/scientific understanding is complete. I've not seen this argument debated however I understand its likely to be discarded to conspiracy for lack of proof even while the hard proof is literally in stone.
Well, at least they seem to get political decision out of vacuum (inside trumps head)...
Irony off: Zero point zero.
So you're saying 0.0 chance we have any better understanding of energy beyond E=MC2 ? Or more simply, popular public understanding.
Talk of Aether on this board is verboten I'm given to understand, bitcoin only.
151.
Post 52474192 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.01h):
I'd be elated to read elsewhere if this isn't a topic for the WO. Any links to such conversations would be... meritable
Quantum mechanics predicts the existence of what are usually called ''zero-point'' energies for the strong, the weak and the electromagnetic interactions, where ''zero-point'' refers to the energy of the system at temperature T=0, or the lowest quantized energy level of a quantum mechanical system.
https://www.quora.com/How-can-you-explain-zero-point-energy-to-a-non-physicistNow, when non-physicists think of a vacuum they usually think of "empty space", without any particles. However, the fields are always there, even when they're not excited to a higher-energy state to create a particle. So a vacuum without any particles still has fields, they are simply not excited.
152.
Post 52480753 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.01h):
Needs one extra scene where a lion runs by and grabs one of the guys getting the sunshine, you can label it "regulators".
153.
Post 52481856 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.01h):
Anyhow, I had done a decent amount of accumulating of BTC in 2014 and brought my average BTC price down from $1k to below $400, and I also made some mistakes including getting hacked through sim porting, which moved my average price per BTC up to $750-ish. I have also lost some BTC on exchanges such as WEX (used to be BTC-E), so I consider those to be risks of the practice and probably, I should have taken more value off of that exchange while the getting was good.... but these days, I probably would consider my average cost per BTC to be somewhere above $750 but still in the three digits.
+WO merit since I'm out of the regular, thanks for sharing your story. I had a coworker that introduced me to it maybe in 2014 or so but I didn't understand the draw, at the time it seemed overly complicated for no benefit and I wasn't looking at it as an investment vehicle just as an interesting technology. Mid 2017 I got in, shortly before the big run and that made me think I'm a genius rather than just lucky and I evangelized to my family and friends. Some of my family bought in then of course at the high. They are still holding though they haven't added to their positions, whereas I've been faithfully DCA'ing ever since. My amounts and entry point mean I probably won't become personally life-changing wealthy but I'm hopeful it will accent my retirement and provide some easing through life's ups and downs for my kid. I tend to look at it as an inter generational wealth opportunity. Though I'm a confirmed hodler I have several dream benchmark levels to encourage myself...
1. mortgage payoff
2. retirement at 80% of current lifestyle level
3. retirement at 120% of current lifestyle level
4. kid's entire college tuition
5. kid's entire college tuition at a top tier school through grad school
6. retirement at 120% level before I hit actual retirement age
7. medical emergency care fund equivalent to 2x mortgage payoff
8. being able to do the same for my family
9. own first hotel on the lunar surface
154.
Post 52492254 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.02h):
Usual überbullish tweet by PlanB!
Lot of questions about stock-to-flow going to infinity.
People don't realize that after 2020 halving #bitcoin market value will be $1T+ and after 2024 $10T, while USD monetary base is $3T .. so then people just stop accepting USD, like nobody accepts Zimbabwe $ for bitcoin now.
https://twitter.com/100trillionusd/status/1174372878055280641?s=21
I think this response in the comments is reasonable...
Yes people, BTC will likely be worth 6 figures, 7 figures.. Even 8 figures....
But don't forget by this point a gallon of milk may be $5000, or $2.5M for a basic mid-size sedan etc etc.
It's not like prices are going to freeze as CBs inflate their currencies into oblivion
155.
Post 52499581 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.02h):
All the long range log charts have Oct-Nov as the capitulation phase of the 2017 bubble. Some predicting as low as $1800.
New bull market to start in January 2020 off the lows.
An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today...
Haha, love this! +WO merit (out of the real stuff again)
156.
Post 52499606 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.02h):
I like how he now blithely equates himself with Galileo.
157.
Post 52540598 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.02h):
Just a 'sell the news' day looks like.
158.
Post 52546074 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.02h):
Down, sideways, up, still accumulating and will do so until the ship reaches land or hits an iceberg.
159.
Post 52547485 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.02h):
The next 86,400 seconds are critical.
160.
Post 52547745 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.02h):
This cautionary article might be timely for some with the big swings happening today...
https://cointelegraph.com/news/day-trading-bitcoin-why-95-of-traders-lose-money-and-failThe market has a tendency to reward bad habits, while concurrently punishing positive behaviors, especially with a small sample set.
161.
Post 52548024 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.02h):
When times are tough you call a professional, I can catch knives with the best of 'em. Singlehandedly almost nearly maybe only in my mind pausing the down trend with a flurry of miniscule buys since 2017.
162.
Post 52548213 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.02h):
I wonder if these folks have 2 versions of the same article to print depending on which way the market goes, like the news famously does for elections...
https://cointelegraph.com/news/bitcoins-price-flash-crashes-down-1-000-in-24-hours-could-7-500-be-nextThe overall cryptocurrency market cap stands at $222 billion at press time, having lost a whopping 20 billion in less than an hour. Bitcoin’s share sits at 69.2%.
163.
Post 52549086 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.02h):
What is in the air that's bringing all these old stagers out of hiding? It's welcome but mysterious.
Bourbon and linseed oil.
164.
Post 52555943 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.02h):
I'm curious how they are making money on this zero fee crypto exchange, I'm assuming it's a loss leader and they expect a typical member to also be buying stocks that do have fees?
https://cointelegraph.com/news/sofi-launches-zero-fee-crypto-trading-for-bitcoin-ether-litecoinAccording to a report by Fortune, SoFi will obtain cryptocurrencies to fulfill its customer orders from Coinbase.
165.
Post 52564023 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.02h):
My trigger finger is getting itchy, must remain disciplined with my buys. DCA at regular intervals, ignore the ups and downs. Put into cold storage. Look at it about as often as looking at other investments, maybe a couple times per quarter to reassess. I am not a daytrader, I am not a daytrader, I am not a daytrader…
166.
Post 52564156 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.02h):
Has this been posted yet? Seems a bit like preaching to the pews...
https://cointelegraph.com/news/bitcoin-price-manipulated-before-futures-settlement-dates-researchAnalyzing price behavior from January 2018 to August 2019, the company found that 75% of the times immediately before CME issued payouts, Bitcoin fell.
167.
Post 52565230 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.03h):
I think this is interesting, at least interesting enough to keep me from obsessing about the current price action...
https://cointelegraph.com/news/btc-and-quantitative-easing-whats-the-correlation-to-crypto within repo operations, the Fed uses reserves to buy government assets such as treasuries on the overnight lending market to influence interest rates. Whereas under QE, the Fed “prints” money — or rather, generates it electronically — and uses it to purchase securities with the direct intent and consequence of expanding the monetary supply.
QE is typically used as a last resort.
168.
Post 52573176 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.03h):
He has a point. Investing in something where you don't have to worry about an exit strategy is very attractive, though I doubt many of us will be that faithful in holding all the way up depending on the velocity...
https://cointelegraph.com/news/when-to-sell-bitcoin-never-mark-yusko-says-btc-like-amazon-stockYusko thus concluded that selling Bitcoin would be like selling shares in Amazon — so far, there has not been an advantageous point to do so.
“In every year, including this year, it’s had a double-digit drawdown. The average peak-to-trough: 31%, twice 90%. When was the right time to sell? Never,” he said.
169.
Post 52573789 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.03h):
bkbirge : that's fine bro, we all skip pages sometimes.
Bitcoin is on steroids
Merited for beating me to the punch
170.
Post 52586415 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.03h):
Most therapists would tell you that there isn't such a thing as "normal" if you are judging normal by comparing yourself with others.
171.
Post 52607623 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.03h):
I like to think that in the not too distant future people will be repulsed by the idea of any monetary transaction that can't be tracked publicly online. Old timers will be "back in my day we used bits of paper and only revenue agents had the tools to track it!", "ok gramps, have a cookie"
172.
Post 52684227 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.04h):
You guys know what's next after (if) we take back 200DMA, do you?
Whisky sours?
173.
Post 52684323 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.04h):
Part of an article where a fund manager is going over his yearly gains, he is thinking stocks may already be in a bear market...
https://seekingalpha.com/article/4295434-s-and-p-500-calm-stormNow, we have accumulated a sizable Bitcoin and digital asset position, which may seem excessive to some people. However, this is the future of currency, and digital store of value. I view Bitcoin and other systemically important coins as enterprises and not just currency/payment systems.
174.
Post 52692854 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.04h):
I'd say the experts are the guys/gals that can program them. And I still wouldn't take their price predictions any more seriously than anyone else.
175.
Post 52692960 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.04h):
Here's what I think.
Someone should anonymously send 10 btc each to Trump, Modi, Xi Jinping, and Putin. Then watch where the fireworks land.
Also, do it in a publicized way so that people get to hear about it. Once that is done. I can pretty much guarantee BTC prices will soar. Just for the sheer stupidity of this stunt.
Even if they had wallets it sounds like a great way to get doxed to some scary people.
176.
Post 52693599 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.04h):
Seems to me that the best anti-51%-attack measure would be decentralization, spread out those wallets among as many people as possible.
https://cointelegraph.com/news/bitcoin-core-dev-anti-51-attack-measures-always-imply-centralization“The public using it won't understand, won't care, and won't protect the decentralization properties that make it valuable over centralized alternatives in the first place.”
177.
Post 52693631 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.04h):
Bearish and bullish! Now that's taking risks with your prediction there buddy...
https://cointelegraph.com/news/cnbc-crypto-analyst-suggests-bitcoin-price-will-rally-higherThe crypto market looks bearish and bullish
178.
Post 52768622 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.04h):
A quick spline interpolation on those numbers says next 2 sets will be
Halving $1,938, High $56,219, Low $8,933
Halving $3,852, High $110,144, Low $17,564
179.
Post 52768737 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.04h):
A quick spline interpolation on those numbers says next 2 sets will be
Halving $1,938, High $56,220, Low $8,933
Halving $3,852, High $110,100, Low $17,560
Oh really? Current ATH is x20 from the previous one. So roughly $20k x20 = $400k
Yep, really, that's what spline interpolation says. Linear (since everyone always loves those, albeit on log charts) is worse.
Halving $1,304, High $38,621, Low $6,106
Halving $1,950, High $57,350, Low $9,083
Neither methods should be used by anyone for investment decisions. Just simple curve fitting to the given data is all.
180.
Post 52780117 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.04h):
I intend to keep buying. That is all.
181.
Post 52780829 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.04h):
O.k. So individuals are equal to states. Hm?
Haha! Sure why not, apparently corporations are people now.
Sea-steading is an awesome idea but it's probably more workable right now by being under a nation's protection instead of parking just outside their border and declaring yourself a tax-free zone. Of course the former costs a lot more upfront and likely requires a pretty big organization to get the right momentum, whereas anyone with enough money can do the latter but are likely in for a lot more regulatory pain. Glad Elwar and his wife escaped with their lives and I support the concept.
182.
Post 52851963 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.05h):
Buy the di... oh ffs not again. Even with regular DCA this is getting tiring. Well, sticking to my plan, either go down with the ship or be happy in a few years. Time to step away from the ticker for awhile. Though to be honest these kinds of price shenanigans are what I sort of expect once OTC investors start playing their games. Unlike the disaster that is the penny stock market though BTC at least has an immutable supply.
183.
Post 52851987 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.05h):
If we go to below $5,000 I’ll either sell every single asset I own & buy more BTC or I’ll hang myself.
Both options are as likely as each other.
Don't go out like David Carradine.
184.
Post 52852786 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.05h):
I kind of hate how Facebook has coopted the conversation about crypto, when Libra isn't really even crypto. Baby and bathwater, etc.
185.
Post 52853177 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.05h):
The anti-crypto types are out for blood at the hearing on Libra. In that Bitcoin/Altcoins are the 'bastard stepchildren' under the Libra project...this is getting ugly indeed.
I had to walk away....so little facts...so much posturing. Also, beating up Zuckenberg for not inforcing 'truth' like Anti-Vaccine posts by individuals. All practicality is gone
from the hearings, just a frigging free for all of misinformation/lies/and pushback at Facebook. Shit. if I was Facebook, I'd go, don't like Libra, gonna go fully decentralized
with Bitcoin. Man, they would really howl then. What a clusterf*ck of a hearing.
https://www.theverge.com/2019/10/23/20928558/zuckerbergs-hearings-watch-live-stream-how-to-libra-congressional-testimony-facebookBrad
That would be great if they'd peg Libra to BTC, that would make more sense. Libra could be the daily currency, and BTC remains the store of value. At least we have McHenry in the House as a crypto-booster. I expect in the next 2 or 3 congressional elections we'll get some new blood that isn't so against the concept. I'm guessing Maxine Waters still uses a rotary dial phone and writes paper checks.
186.
Post 52853208 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.05h):
I kind of hate how Facebook has coopted the conversation about crypto, when Libra isn't really even crypto. Baby and bathwater, etc.
One of the least depressing aspects of all this is that most of the politicos clearly have a strong grasp of the difference between Mark's creepy baby and real crypto.
In the previous bunch of hearings Libra got the living shit kicked out of it and Bitcoin came out of it looking like the smug kid who keeps its head down.
That's a good point. Though I suspect behind the scenes where the real practical regulatory discussions are taking place by analysts that bitcoin is still front and center.
187.
Post 52854120 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.05h):
For those in need :
I must not fear.
Fear is the mind-killer.
Fear is the little-death that brings total obliteration.
I will face my fear.
I will permit it to pass over me and through me.
And when it has gone past I will turn the inner eye to see its path.
Where the fear has gone there will be nothing.
Only I will remain.
- Bene Gesserit Litany Against Fear
“He who controls the
spice BTC controls the universe.”
188.
Post 52868001 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.05h):
Nice to read some bullish sentiment from an analyst...
https://seekingalpha.com/article/4298780-bitcoin-moment-truth The Fed feels threatened about losing control over the world's monetary system and is afraid of the dollar being replaced as the world's reserve currency. Furthermore, the dollar, digital or not, is still just a dollar that can be manipulated, inflated, and devalued by the Federal Reserve System, as it has been for over 100 years now.
The same cannot be said for true mineable digital currencies like Bitcoin and other analogous coins as they are immune to inflation due to a set amount that can ever exist in circulation. Therefore, despite the noise, and the temporary setback in price, Bitcoin and other systemically important coins are very likely headed much higher long term.
189.
Post 52874369 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.05h):
Say what you will, the young autist has already accomplished more with her life than any of us ever will.
True, but nothing is quite as exhilarating as reading posts from adult middle aged men disparaging teenage girls.
190.
Post 52905885 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.06h):
Oh look, a self serving best of list from China...
https://cointelegraph.com/news/eos-holds-top-spot-bitcoin-11th-in-chinas-latest-crypto-rankingsChina’s President Xi Jinping called for the accelerated national adoption of blockchain technology in an official speech.
President Xi’s intervention and positive signs from the People’s Bank of China have this week sparked a major uptick in the domestic blockchain sector — spurring the stock markets and fervent interest among the public.
191.
Post 52906979 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.06h):
i can see why the "blockchain-not-bitcoin" idiots went wrong. there is only one blockchain that has a valid use case and that is an invention: bitcoin.
to see an entire high-tech nation, and not a marginal one, to fall for this stupidity is hard to believe. the only explanation i have ( and i am no expert in this field) is that TRUST is such a big issue for china, since there is this culture of cheating and now they hope that "blockchain" will somehow make it easier for them to trust companies (for example).
i dont see "blockchain" working. it is out for a decade now, where are the applications? other than money/bitcoin?
if they really go all-in to "blockchain" with their entire economy it will end as a catastrophic failure like the Great Leap Forward.
That's because if they abruptly approve of bitcoin, other idiotic nations will call China, the funding nation for criminals. I think it's good they have reversed their earlier stance and have recognised blockchain. Once everyone gets involved into blockchain, it's only a matter of time they recognise Bitcoin.
I don't necessarily follow your assumptions there. China doesn't have to recognize BTC ever (though I think they eventually will). They can establish their own mandatory digital currency with a state centralized blockchain and any Chinese citizen who uses something else they'll charge with "provoking trouble".
https://www.nytimes.com/2019/10/24/world/asia/china-metoo-hong-kong-protests.htmlThe activist, Huang Xueqin, was detained last week in the southern city of Guangzhou, according to friends who asked not to be identified by name. The authorities accused Ms. Huang, 31, of “picking quarrels and provoking trouble,” a vague accusation that the government often uses to silence activists who challenge the status quo.
192.
Post 52908919 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.06h):
upside down parabolas?
unless you're doing it ironically...
At least time is still on the x-axis.
193.
Post 52916221 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.06h):
So that's what Satoshi Nakamoto looks like??
that's the avatar some beartard used in telegram, under the nickname CPA, months ago.
194.
Post 52917610 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.06h):
Hello WO's !!
https://fiatmarketcap.com/ Have you guys already seen the site as CoinMarketCap only the other way around? This site will allow you to imagine what a near future can be like!
Amazing!
The last tab of the platform is also worth a look. Here you can see the changes in the supply and the value of fiat currencies over different periods of time.
I like how Greece's projected monetary value growth will be positive and the supply growth negative. Which is odd since they are on euros and other EU countries have reversed predictions.
195.
Post 52939969 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.06h):
More realistically we are talking 12 to 18 months after the halvening (which would be 18 months to 24 months from now) before we would breaking into or even touching upon $100k BTC prices.
Sure, there are also relatively prudent scenarios that would allow for a BIGGER battles taking place this time around and in this 4 year fractal pattern, which would cause a seeming break from the fractal pattern and would cause a much longer period before BTC reaches $100k - perhaps even adding another halvening into the mix before we even are able to reach $100k.
So basically just keep DCA'ing into the foreseeable future. I think I can do that.
196.
Post 52943900 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.06h):
^
Cypher:
All I see now is blonde, brunette, redhead.
197.
Post 52978698 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.06h):
https://cointelegraph.com/news/one-whale-was-behind-bitcoins-2017-bull-run-claim-researchers“Simulations show that these patterns are highly unlikely to be due to chance. This one large player or entity either exhibited clairvoyant market timing or exerted an extremely large price impact on Bitcoin that is not observed in aggregate flows from other smaller traders.”
198.
Post 52981773 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.06h):
Someone accidentally uses CC instead of BCC in their newsletter and now they have "Massive" problems?
Some scary shit right there.
The article is a bit hyperbolic I'll agree but anything that helps the scammers should be avoided. We know there's a subset of scumbags that are looking for any phishing edge they can get.
199.
Post 53002080 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.06h):
Last week's FUD explained by cooler heads...
https://cointelegraph.com/news/3-reasons-why-one-trader-didnt-manipulate-bitcoin-price-to-20k“Coinbase saw so much trading activity that the exchange ‘broke.’ And the idea that a lone whale fueled this yearlong Bitcoin bull run is more than a little silly.”
200.
Post 53002107 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.06h):
This is the kind of thing I've been expecting for years, nice to see some reporting on practical blockchain usage...
https://cointelegraph.com/news/volvo-to-use-blockchain-traceable-cobalt-in-its-electric-car-batteries“With blockchain technology we can take the next step towards ensuring full traceability of our supply chain and minimising any related risks, in close collaboration with our suppliers.”
201.
Post 53002189 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.06h):
Attila the Hun
Never forgive. Never forget.
Indeed, though I'm not sure which side you're coming down on in that. I have certainly not forgiven the Romans their many crimes of empire. Ynys Môn in particular sticks in my craw.
I dunno, the concept of decimation still seems like a fresh and vibrant management method.
202.
Post 53016011 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.06h):
Are there non-physical metals?
This short informational video clearly explains what non-physical metal is...
https://youtu.be/qcWKZTI9OC4
203.
Post 53037742 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.06h):
Nice Sunday morning dose of optimism...
https://cointelegraph.com/news/bobby-lee-500k-bitcoin-price-flippening-of-gold-will-come-by-2028Lee also joined PlanB in predicting far higher Bitcoin prices in the latter part of the next decade or beyond. While the former thinks a $1 million price tag is possible in the event of global money printing continuing, PlanB noted that money printing could ultimately stop the Stock-to-Flow model from working.
“I would be happy if the model holds for 1 or 2 or maybe 3 more halvings. Especially since BTC is measured in $ … who knows what happens with $ if the FED keeps doing more QE (money printing),” he said in a Twitter exchange late last month.
204.
Post 53043260 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.06h):
I am just thinking of a scenario where wales decide to get out before halving
Brexit?
205.
Post 53050998 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.07h):
Not against anyone in particular here...
206.
Post 53051255 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.07h):
Besides Boom/Bust or Chump/Champ when they stick me in the Nursing Home someday, I'll have great stories to tell. The currency of Nursing Homes is 'stories' and whatever happens BTC/Crypto has been a doozy!
I 'member visiting nana at the nursing home, how they buzzed us in, and ran the magnetic sensors over us every visit. They were surprisingly strict about hugs and time limits too, I guess she liked the discipline, very old school that way, they don't make 'em like her anymore. She liked to tell us about the best recipes for homemade toilet wine, that takes me back, thanksgivings were always so much fun. She was more into cigarettes for currency though.
207.
Post 53068549 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.07h):
It's scary to me how no-one is truly safe on this planet. At any time. Even with the systems of control we've put in place for ourselves.
A crying shame, in-fact, that we live in society's current state.
If reports are to be believed, they are slowly killing Assange in custody right now.
Probably by showing him pics of Pamela Anderson without her wig and prosthetics on.
208.
Post 53121015 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.07h):
Through rain or shine, just keep on stackin' sats. I may not reap the benefit but my kids and theirs will, someone's gotta build the future and it might as well be us.
209.
Post 53131733 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.07h):
A day late and a doll..btc short in my opinion. The unthinkable inertia of the US gov't here is only rivaled by the surprising agility of the Chinese gov't.
https://cointelegraph.com/news/us-federal-reserve-exploring-digital-dollar-and-its-effect-on-monetary-systemPowell revealed that the agency is conducting its own small-scale, research-focused experiments to gain hands-on experience and better understand the opportunities and limitations of CBDCs.
210.
Post 53139790 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.07h):
Guys I'm thinking about buying some bitcoin. Should I fire now or wait for a bit of a dip?
#nohomo2019Haha, I literally lol'd.
211.
Post 53148824 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.07h):
Yikes. I love a good bag filling opportunity as much as the next guy but when's it turn around?
212.
Post 53161363 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.07h):
It's not a bottom until you are drinking this...
https://youtu.be/AFels_JVTJc
213.
Post 53186370 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.08h):
According to this chart the next btc cycle begins around 2nd March. The blue line is the weekly 21 EMA which very often shows you if it's the bull or the bear sentiment. I already told you about this line before. Some big players are watching it and if it drops (closes candle) below the blue line they sell.
Why use 21 vs. 26 EMA? Or why not use DEMA? Just curious, don't really have experience in this area.
214.
Post 53225282 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.08h):
Not sure if posted already but can't be arsed to go through pages of pessimistic bickering to find out...
Interesting article saying it bitcoin hadn't evolved it'd be dead now...
https://cointelegraph.com/news/scalability-enhancements-kept-bitcoin-decentralized-bitmex-researchCurrently, the size of the Bitcoin blockchain is 293.37GB, with an average block size of just over 1 megabyte. There are also over 9.5K reachable nodes around the globe today, according to monitoring resource Bitnodes.
As Cointelegraph recently reported, the latest Bitcoin Core software update, 0.19.0.1, further improves on scalability by using Bech32 that natively supports SegWit transactions.
215.
Post 53353475 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.09h):
Fed up to shenanigans again...
https://cointelegraph.com/news/us-fed-to-print-425b-for-new-years-3-times-bitcoins-market-capWhile common, such moves involve conjuring vast new liquidity based on zero backing — essentially money printing without physically printing any money.
216.
Post 53370617 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.09h):
Slowly chipping away at the walls. DCA'ing as ever, slightly bigger chunk of ore for same effort today is all. 1 sat is still 1 sat.
217.
Post 53380970 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.10h):
The youngest most likely are the most interested in the corn. But the older smaller percent that are interested are much more likely to have the capital to invest more. I'd still expect the middle agers to be dominant in the market in terms of volume.
218.
Post 53464661 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.10h):
But damn I cocked like hell for my GF
I bet you did you rascal.
219.
Post 53495759 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.11h):
Happy New Year everyone! I predict a parabolic rise starting right now, purely because it's guaranteed to happen while I'm waiting for fiat to clear for a new years block buy of btc.
220.
Post 53497062 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.11h):
Difficult to find that 14-minute clip interesting or even relevant when it seems to be largely about Ethereum.
In other words, seems that I just wasted 14-minutes of my life, to the extent that I might not have been attempting to multi-task.
Pretty sure I saw that clip over a year ago.
221.
Post 53511486 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.11h):
it enters the competition or else it gets the hoes again
222.
Post 53511775 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.11h):
... as mad as spending two years in the Antarctic sucking slime out of dead whale skulls to make margarine.
It's a growth industry.
223.
Post 53547229 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.11h):
This move makes sense as I'm still waiting for a fiat transfer so I can do a beginning of the year bulk buy. I might turn it into a larger weekly DCA instead.
224.
Post 53556109 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.11h):
Anyway, very nice pair of earrings.
I can't quite put my finger on it but I'm suddenly thirsty.
225.
Post 53561984 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.11h):
I wonder which of those orange dots was Trump's guess. I did laugh at the guess that puts Iran in Hawaii or Greenland.
226.
Post 53562006 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.11h):
Discussion of crypto's quantum vulnerability (if nothing changes) seems to be heating up...
We should seek and upgrade to a quantum-resistant crypto stack in blockchain implementations and all other systems that depend on asymmetric crypto (e.g., banks, governments, etc.) as soon as possible. Quantum supremacy is inevitable — it’s just a case of when.
https://cointelegraph.com/news/will-googles-quantum-supremacy-break-bitcoin-in-2020
227.
Post 53562818 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.11h):
The charts seem to think it is. It's a little concerning that the prospect of imminent destruction can only prop up the corn temporarily. I'm sure that says something about humanity but I'm going to actively avoid thinking about that. Go btc!
228.
Post 53572028 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.11h):
Friday night, observing $8,070
This is how OG HODLERS roll.....
LOL!
Man, I knew we had something in common - here´s how we Greeks roll!
We do it a little differn't round these har parts...
229.
Post 53587772 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.12h):
230.
Post 53594083 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.12h):
FFS, this guy has the luck of the devil, talk about abuse of the court system...
https://cointelegraph.com/news/us-judge-rules-that-craig-wright-wont-forfeit-bitcoin-in-kleiman-caseThe judge questioned the plausibility of Wright’s previous assertion that this courier would deliver the slice by January 2020. However, she did say that the court should indulge him the opportunity.
231.
Post 53623204 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.12h):
I'm guessing someone probably posted this already but besides the obvious CSW pot stirring, I think it is interesting and a bit scary that exchanges continue to dominate holdings. Seems folks really don't get the importance or don't care that if you don't hold your private keys you don't hold your funds.
Compiled by monitoring resource Glassnode, the statistics covering Bitcoin exchange balances show that as of Jan. 8, they controlled 2.12 million BTC — 11% of the supply.
https://cointelegraph.com/news/no-it-wasnt-craig-wright-bitfinex-moves-1b-in-bitcoin-for-48-cents
232.
Post 53656369 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.12h):
This would be hilarious if it weren't so sad.
https://cointelegraph.com/news/binance-ceo-suggests-crypto-exchanges-are-safer-than-keeping-ones-keys“Many hardcore crypto [organizations] advocate storing your own keys. But the truth is, today most people are not able to secure a key even from themselves (losing it). A trusted centralized exchange is #SAFUer for most people. The numbers speak for themselves. Need to work on wallets.”
233.
Post 53656436 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.12h):
If $5million is your goal, then you need
BTC price BTC quantity
$5k - (anticipated lowest, currently) = 1,000 BTC
$8,600 - (today's price, while typing) = 581.4 BTC
$10k - (reasonable extreme bottom price in 2 years) = 500 BTC
$25k - (reasonable extreme bottom price in 5 years) =200 BTC
$100k - (reasonable extreme top price within 2 years) = 50 BTC
$250k - (reasonable extreme top price in 5 years) = 20 BTC
I personally believe that $2million is decently enough because that gives you $6,666 / mo of passive income.
Always good to see numbers like this. $5 mil is a good goal to have, and the passive income from that would put you in the wealthy status in the USA.
But of course as people age these goals need to be updated, I know a lot of folks here are younger but if you hit a medical emergency or some other such family emergency that requires you to dip into your capital you can be wiped out.
So personally I think JJG's $2 mil figure is good but I'd want a lot of padding to cover those possible (inevitable) times, therefore I'd also peg $5 mil as a decent benchmark for this. Though everyone would be different here I guess.
234.
Post 53658478 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.13h):
yeah, Armageddon has about a 1% chance of happening, so don't fuck up your whole life and your ability to retire because you put way the fuck disproportionate preparation into that... like 20% or even 50% like some people seem to be inclined in those kinds of ways to prepare for holy shit not going to happen events - and I am NOT sure if that is just a means to talk themselves out of actually pulling the fuck you lever when they really should (but yeah, ultimately their discretion, and the above remain just factors to consider rather than trying to tell anyone what to do with their ultimate conclusions regarding what is important to them).
I don't really disagree with any of what you said, including the unquoted parts. But having seen the medical issues destroy people's finances more than once, in my personal list of things it's on my list of "it's comin' down the pike" rather than "small chance Armageddon scenario", so as you point out each person has that different list of factors they consider at various priorities.
I totally get that some might see the large numbers and say "fuck it" instead of saving now, hopefully few to none on here, but I just consider it a journey. If I end up there great, if not, well I tried and will continually evaluate my options with regard to whatever curve balls life is throwing at me or likely to throw at me at the time.
235.
Post 53658510 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.13h):
Hmm. CZ sez put your money in his trust. Cui Bono?
Yep, sure reads sort of self serving on his part.
236.
Post 53658930 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.13h):
237.
Post 53659100 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.13h):
Where is the world it is pleasantly warm, but not hot at least 8-9 mo/year?
A sea and or a lake is required, preferably english speaking (at least in a large part) populace.
I cannot think of anywhere apart from few small places in The Caribbean, with a threat of hurricanes, etc.
I've been through several hurricanes already, it's a thing to avoid if possible.
Without considering language, I was also thinking about Greece (including Corfu), some Mediterranean islands (Crete, etc.), maybe Canary islands.
Maybe I should learn Spanish or Portuguese, finally.
Suggestions?
Hawaii. Side of the volcano, pick your elevation and you can pick your climate. Then a few minutes to either the summit and wearing a winter jacket, or to the beach and wearing nearly nothing. Of course there's that little issue of cost of living.
238.
Post 53659134 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.13h):
LOL, how is this guy still getting press? ...
https://cointelegraph.com/news/interview-craig-wright-still-999999-sure-that-hell-get-btc-fortuneWright said that he formed the trust “back when Bitcoin was not worth anything at all” as a prescient move to secure his prospective assets. When asked why he himself is not one of the trustees, he said:
“Because I’m smart enough not to be. Because then people could force me to actually move coins. You can take things from trustees. If it was mine, people could have seized assets from me.”
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Post 53659615 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.13h):
Haha!
I was looking at living costs in The Philippines earlier. I thought about nutildah (no homo) & had a little look.
It’s so fucking cheap.
I refuse to move anywhere sweaty. And though I don't know how sweaty it is there it's certainly close enough to other places filled with people sweating to raise my suspicions to Defcon 1.
I could buy a rotating army of small Filipinos to sit in fridges and then run out and press themselves against me until they warm up, but I think I'd rather stay put and incur a bit more expense.
I was just there for three weeks recently. The cost of many goods is higher than the US. So unprepared food, unless you buy in-season produce, will cost a little more. However, services are so cheap they're almost free. So the cost of prepared food will be much cheaper.
I can't emphasize how cheap human labor is there. I had a manicure-pedicure for $3 (my wife insisted). An excellent haircut for $1.20. Massages are around $4-$5 per hour. We had a couple plumbers doing repairs on my wife's house for about 1.5 days, and it was $35, including parts. So, services are all basically 5%-10% of the cost here.
Very sweaty when you leave an air conditioned space, however.
imagine being a bitcoiner there when btc strikes 100K.
It would probably feel like you are Mansa Musa, spreading the wealth where you travel, causing intense inflation in local services, lol.
https://en.wikipedia.org/wiki/List_of_wealthiest_historical_figuresI think it might feel like you have a giant target painted on your back.
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Post 53673621 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.13h):
By the time folks like him come around to believing in bitcoin as a store of value then I'm guessing we'll all be pretty happy we didn't wait for his signal before accumulating.
https://cointelegraph.com/news/ray-dalio-calls-for-investment-diversification-but-not-in-bitcoinBut while many believe in the store of value thesis of Bitcoin, its performance so far has not indicated meaningful correlation with global markets. While it does appear to have slightly positive correlation to gold, the indexes are small enough that they can be attributed to coincidence.
241.
Post 53673686 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.13h):
This whole concept is scary af...
https://cointelegraph.com/news/chinese-experts-suggest-using-blockchain-tech-in-social-credit-systemThe social credit system establishes a score representative of every citizen’s trustworthiness. The score is largely influenced by artificial intelligence and the processing of data from the millions of CCTV cameras installed in mainland China.
....
In mid-November last year, Andre Szykier, the CTO at Bitcoin ATM operator Blockchain BTM, suggested that cryptocurrency speculation will likely negatively influence one’s social credit rating.
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Post 53674805 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.13h):
This whole concept is scary af...
https://cointelegraph.com/news/chinese-experts-suggest-using-blockchain-tech-in-social-credit-systemThe social credit system establishes a score representative of every citizen’s trustworthiness. The score is largely influenced by artificial intelligence and the processing of data from the millions of CCTV cameras installed in mainland China.
....
In mid-November last year, Andre Szykier, the CTO at Bitcoin ATM operator Blockchain BTM, suggested that cryptocurrency speculation will likely negatively influence one’s social credit rating.
Pretty cool concept: Government can just round up the troublemakers with little effort.
LOL, I know right? Glorious future make happy. I can't wait for the time when our credit rating is affected by our social rating. Or HR managers can search the blockchain for the last time you double parked so they can modify their offer accordingly. This is next level pod people stuff. OTOH, it can dovetail nicely into cultures with strong caste systems, don't want those uppity Ahirs marrying into the Kallars, so there is that.
243.
Post 53682629 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.13h):
its gotta be something to do with poker
Poker in the rear
Liquor in the front
244.
Post 53715252 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.13h):
Good news, a random internet personality says it's unlikely that btc will fall to $6 USD. (OK, title is hilarious, but they actually mean $6k). Still, I think they are really going out on a limb here with that wild projection...
https://cointelegraph.com/news/different-type-of-shakeout-trader-says-bitcoin-unlikely-to-hit-6“...I think we’ll have upside and then we’ll have downside again, just to the point where a number of players will just get bored and move on,” he said.
245.
Post 53715297 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.13h):
Interesting if not exactly full of details...
https://cointelegraph.com/news/new-research-shows-bitcoin-denominated-payments-still-a-fantasyTransaction fees could play a part in this. The change returning to the sender in a transaction usually has a higher precision due to the need to subtract the fee, which is calculated in satoshis per byte.
The report highlights this as a possible privacy improvement. As the amount of high-precision transactions increases, it becomes more difficult to understand which part is the actual money sent, and which is the change.
246.
Post 53738960 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.13h):
Clearly that guy's problem is he fell asleep before opening any of the bottles.
247.
Post 53758555 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.14h):
This has been on the front page of yahoo news for 2 days now, I can only think some people aren't done accumulating. You have to read half the article before it states anything positive...
https://news.yahoo.com/bitcoin-lost-steam-criminals-still-152236151.html“Bitcoin is still a pretty lousy currency to use for cybercrime,” said Ryan Selkis, the founder of the cryptocurrency consulting firm Messari. “Maybe it is good for petty crime, but if you are running a cartel, it is a different story.”
248.
Post 53758609 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.14h):
Also, my first Sunday haiku...
Explosive Sunday
The king bitcoin moves green
despite the shitcoin
249.
Post 53779038 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.14h):
Can't help but add some nice fat chunks to my normal DCAs this week. And I don't even know why.
250.
Post 53779109 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.14h):
Daily dose of sunshine...
PlanB
#bitcoin
200 week moving average has never gone down, currently increasing at $200 (4%) per month
https://twitter.com/100trillionUSD/status/1225094482867236870
251.
Post 53779177 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.14h):
Don't know if someone posted this earlier but I can't help reading every time I see this guy and his slow motion train wreck in the news...
https://cointelegraph.com/news/craig-wright-accused-of-confusing-trial-proceedings“An adversary [Wright] who submits false declarations, offers contradictory perjurious testimony under oath, and submits false documents that even his own counsel are forced to disavow, severely hinders the ability to seek the truth.”
Ya think? LOL
252.
Post 53784208 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.14h):
I know this is news to everyone here, but this guy predicts we'll cross 10k soon.
https://cointelegraph.com/news/bitcoin-best-bet-in-crypto-xrp-will-underperform-mike-novogratzHe added that he personally had been “almost solely long $btc for the past 15 months,” and on Wednesday predicted $10,000 was incoming for BTC/USD.
253.
Post 53807214 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.15h):
Still early days...
https://cointelegraph.com/news/vaneck-report-illustrates-why-institutions-should-hold-bitcoinAn in-depth comparison of the features of the United States dollar, gold and Bitcoin contained in the report also suggests that Bitcoin has more of the features that are desirable from an asset that serves as money than gold itself.
254.
Post 53817121 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.15h):
Haha, this is awesome! Not only because I read that quote and heard Shatner's voice while I did it but that a senior citizen celebrity seems to actually be somewhat educated about bitcoin...
https://cointelegraph.com/news/william-shatner-doubts-craig-wrights-claims-to-inventing-bitcoin“Why can’t he prove it? From what I’ve read is that some mysterious bonded courier would deliver the keys (which honestly is a scene right out of Back to the Future.) If he is, he should be able to prove it. This is like the modern day search for Anastasia.”
255.
Post 53817194 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.15h):
Love all the growth forever predictions whenever we go up a couple percent, much more fun to read than the dire warnings that get published whenever we go down a couple percent...
https://cointelegraph.com/news/bitcoin-will-beat-dow-jones-to-40-000-tom-lee-doubles-down-on-btcThe Dow currently trades at 29,280, an all-time high, while BTC/USD is at $9,870 after hitting five-month highs of $10,150 over the weekend.
256.
Post 53818609 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.15h):
I know guys that the price action is good, and everybody likes green dildo's (#nohomo), but Jay "do nothing" Powell is testifying at the House , and he's saying a lot of intresting things.
https://www.nasdaq.com/articles/yields-rise-after-powell-says-economy-is-resilient-2020-02-11"Powell's remarks had nothing new and toed the party line," said Jon Hill, U.S. rates strategist at BMO Capital Markets. "Rates are in accommodative territory. They're on hold for the foreseeable future."
257.
Post 53818734 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.15h):
Obviously the number isn't news here but I wonder if the portion I quoted below is really what's happening, a spark that creates unstoppable inertia...
https://cointelegraph.com/news/bitcoin-is-back-above-10kBTC started rising during the market sell off triggered by coronavirus. That was just the short-term catalyst, the underlying driver is the bitcoin halving event in May. Previous halving events have seen some of the larger participants hold off on releasing BTC into the market in anticipation of a rise into the event. We believe this same dynamic is currently in play.
258.
Post 53818738 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.15h):
The Jesus Rolls (Big Lebowski Spinoff) - Official Trailer (2020) John Turturro, Christopher Walken
https://youtu.be/3_qcgXw32gc 
Talk about absent dude
Seen it. Boy, is it bad.
For some reason he glued Jesus into a remake of Les Valseuses.
There's the odd moment but it doesn't half jerk to sudden halts and disappear off down dead ends. He's better left a perfectly formed memory.
They should've known not to mess with the Jesus.
259.
Post 53818787 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.15h):
Powell: Northern European economies have moved away from cash to a remarkable degree, more so than the U.S.
Powell said many questions need to be answered before adopting digital currencies in the U.S., including cybersecurity.
This is dystopian future he's depicting. once again is not cybersecurity what they fear, but the lack of control.
Not because it's right, but because they can.
Yes I agree. I think the gov't folks will continue to hammer as long as they can on the false narrative of crypto being a haven of criminals. I don't share your optimism that they can't stop it, maybe technically they can't really but they sure can make it hard enough for the average person in their jurisdiction to use that the difference between being banned and heavily regulated will make no practical difference. I don't think that overly pessimistic view will happen either though as so many of the moneyed class in power are already heavily involved in crypto. I suspect the end game is that all the old fogeys will hold onto their beliefs until they are replaced by new blood that has already embraced the technology and figured out ways to maintain or increase control while enjoying the benefits.
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Post 53819476 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.15h):
When the revolution comes punsters will be the first up against the walls. Nevermore.
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Post 53819676 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.15h):
yup we shouldnae carrion
262.
Post 53824034 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.15h):
That's why I am not going to buy a lambo. Although theoretically I already can buy one almost new 8K km 2019 huracan right now.
I prefer a beach villa for this price.
Yeah in all seriousness I won’t be buying Lambo’s. Imagine how much a car like that depreciates in value over 2-3 years. Yes I know our bitcoin’s will be worth more (presumably) as time goes on but money is money. I don’t like losing money!
I’ll just take a standard Range Rover or something & a huge house
I think some of the luxury cars do not depreciate that much and even (I have heard) you can make an insta-winning deal buying second hand (almost new) from places like Dubai, etc.
Anyway, I would not consider buying a $200.000+ car unless my net worth would be a solid over 10-100+ times that amount. And even then... I probably would have much better things to do with my "surplus" money. I will never buy a boat/yatch ever either... I wouldn't like one even if "free"... Maybe I would buy a good Jet Ski though, but that's very cheap in comparison... and way more fun.
When I think about it, the main thing I want money for (beyond basic expenses, of course) is RE. There's no limit on how much "luxury" I would allow myself to "spend" on that if the money were not a restriction.
Anyway, first priority would be to be set for life on basic expenses and sleep well at night. Then we can start talking about luxury spending/purchases/investments.
You all are thinking way too small. This is what the properly outfitted gentleman bitcoinaire needs...
263.
Post 53831315 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.15h):
Based on the numbers from the article he did all this when bitcoin was $877 USD, looks like the feds are poking through years old data. I always find it interesting that some crimes get no bail while often murderers do get bail, never quite understood that though I'm sure there are decent reasons, flight risk and all...
https://cointelegraph.com/news/coin-ninja-ceo-arrested-for-laundering-311m-with-bitcoin-privacy-toolsAccording to an arrest warrant filed earlier this month, Harmon allegedly laundered over 354,468 Bitcoins (BTC) (worth $311 million at the time of the transactions), allowing the users of a privacy tool named Helix, and a darknet search engine named Grams, to make transactions on AlphaBay, a known dark market that was shut down in 2017.
264.
Post 53831330 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.15h):
FC Barcelona Dives Into Crypto, Partnering With Chiliz to Create TokenSpanish soccer powerhouse FC Barcelona, or Barca, has teamed up with fintech platform Chiliz to create a blockchain-based token for the sports franchise.
As part of the partnership with FC Barcelona, Chiliz created Barca Fan Tokens (BAR) for use on its social mobile app called Socios, according to a press release shared with Cointelegraph.
https://cointelegraph.com/news/fc-barcelona-dives-into-crypto-partnering-with-chiliz-to-create-tokenIt is not my favorite sport, but this is fine, more noise, more people for cryptography and, by default, Bitcoin.
Seems gimmicky with a shelf life perhaps on the same time frame as a mayfly but yes I agree more publicity for Bitcoin by default.
265.
Post 53839687 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.15h):
All mines goin' ta chocolate coins.
266.
Post 53857907 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.15h):
https://twitter.com/PeterSchiff/status/1229397190805786624"Alex Jones has capitulated. After 10 years of watching the #Bitcoin bubble inflate, at $10,000 per coin he thinks now's the time to urge his listeners to buy. This is how manias end. Greed overwhelms reason as people once too sensible to buy join the party just as it's ending."
Peter is going to have it rough the next few years as we soar to 100k and beyond.
Anyone who thinks Alex Jones is one of the "people once too sensible" is safely worth putting on lifetime ignore.
267.
Post 53861005 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.15h):
https://twitter.com/PeterSchiff/status/1229397190805786624"Alex Jones has capitulated. After 10 years of watching the #Bitcoin bubble inflate, at $10,000 per coin he thinks now's the time to urge his listeners to buy. This is how manias end. Greed overwhelms reason as people once too sensible to buy join the party just as it's ending."
Peter is going to have it rough the next few years as we soar to 100k and beyond.
Anyone who thinks Alex Jones is one of the "people once too sensible" is safely worth putting on lifetime ignore.
Anyone with low reading comprehension skills who makes erroneous attributions is safely worth putting on lifetime ignore as well.
Wasn't talking about you, was talking about Peter Schiff. I think we are on the same page with him.
268.
Post 53868180 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.15h):
Good article, I've got an old 401k I should try a self directed IRA with.
269.
Post 53872568 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.15h):
It's like they wrote this article just for WO.
https://cointelegraph.com/news/bitcoin-only-exchange-coinfloor-now-focuses-on-consumer-btc-servicesWhile the crypto community is talking about “altcoin season,” one of the world’s oldest crypto exchanges is calling BS on everything that is not BTC.
270.
Post 53872592 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.15h):
And then there's these guys. Reminding us all yet again that if you don't hold your private keys to your corn you aren't actually holding corn.
https://cointelegraph.com/news/poloniex-last-resort-trade-reversals-necessary-to-safeguard-trader-fundsThe platform’s automated audit system picked up the affected trades and halted all withdrawals. Following that, the Poloniex team effectively reversed every trade that had been executed as a result of the bug
https://cointelegraph.com/news/binance-halts-trading-to-resolve-technical-problemBinance co-founder and CEO Changpeng Zhao explained in a tweet sent earlier today that one of the market data pushers experienced an issue, but the matching engine did not, so no funds or data were lost. He also said in a separate message that futures trading is continuing normally since it employs a separate matching engine.
271.
Post 53872985 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.15h):
Now here's a nice deal for the upwardly mobile, start a coin and raise $45,000,000. But... don't do any reporting then get fined by the SEC for $500,000 3 years later. That's a fierce gumming I tell you what.
https://cointelegraph.com/news/sec-nails-enigma-ico-orders-refund-registration-and-fineEnigma settled with the SEC, agreeing “to return funds to harmed investors via a claims process, register its tokens as securities, file periodic reports with the SEC, and pay a $500,000 penalty,” the statement detailed.
272.
Post 53877040 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.15h):
Seems like central banks are doing everything they possibly can to avoid adopting bitcoin. At some point they'll cave and just use the solution already provided instead of trying to reinvent the wheel...
https://cointelegraph.com/news/brazilian-central-bank-promises-instant-payment-platform-to-compete-with-crypto“Pix came from a need for people to have a payment instrument that is both cheap, fast, transparent and secure, If we think about what has happened in terms of the creation of Bitcoin, cryptocurrencies and other encrypted assets, it comes from the need to have an instrument with such characteristics."
273.
Post 53877081 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.15h):
Interesting outlook, seems to me the more important part is the deflationary aspect. What's the current cost of miners to produce a btc?
https://cointelegraph.com/news/binance-ceo-changpeng-zhao-says-bitcoin-halving-not-priced-in-yetZhao noted that an asset’s price is determined by demand, not the cost of production, but expects that miners will not be willing to sell below the price of production.
Here's an outdated chart, wonder what the current numbers are...
source:
https://www.marketwatch.com/story/heres-how-much-it-costs-to-mine-a-single-bitcoin-in-your-country-2018-03-06
274.
Post 53877951 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.15h):
Here's an interesting article for those scanning about Coronavirus news...
https://blogs.sciencemag.org/pipeline/archives/2020/01/27/coronavirus...no, this particular virus was not patented in 2015, and it is not some engineered bioweapon. There are no “natural” cures or preventatives that you can buy...
275.
Post 53878531 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.15h):
Man, days like this I wish I had the stones, knowledge, and luck to sell then re-buy. Just seems too much like gambling to me. OTOH, it does make me want to try and scare up as much fiat as I can to BTFD though I'll most likely just continue to DCA at my current levels. DCA may not have the adrenaline rush of executing a perfectly timed swing trade but I'll take it.
Observing 9523.19
276.
Post 53878545 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.15h):
LOL @ the recipient's address "EThKiLz"
277.
Post 53885028 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.16h):
If you can’t feed them, don’t breed them.
[soapbox] If you can't educate them don't breed them would be my choice. It's not that we have too many people that are burdens on the taxpayer. We have too many people that are dumber than rocks and wear it as some kind of honor. Successive generations of equating every random person's uneducated opinion on the same level as experts who have studied their topics for a lifetime are guaranteed to knock us all down a peg or two. [/soapbox]
278.
Post 53886273 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.16h):
Haha! I love those old pulp covers.
279.
Post 53900296 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.16h):
Tomorrow's markets look bleak (this is the most likely explanation for a 250 [EDIT: $ or euros or whatever]
point down in btc):
https://www.cnbc.com/2020/02/24/us-futures-coronavirus-outbreak.htmlAs of 9:45 p.m. ET Sunday, Dow Jones Industrial Average futures were 392 points lower, pointing to an implied opening plunge of 385.41 points for the index on Monday.
If that reasoning in the article as implied is true then I'd expect BTC to be the recipient of safe haven funds. We'll see when the markets open I guess. Or not. BTC seems to do what it wants.
280.
Post 53903351 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.16h):
How to Protect Bitcoin for Your Heirs With the Push of a ‘Dead Man’s Button’If the button isn't pressed one week, it is assumed the bitcoin user is dead or incapacitated and it's time for the bitcoin to be passed on, at which point the service automatically dispenses a "secret," which can be used to retrieve the crypto.
https://www.coindesk.com/how-to-protect-bitcoin-for-your-heirs-with-the-push-of-a-dead-mans-buttonHere they are talking about LN, but it's okay to think about these things. (it doesn't have to be LN.)
Don't cheap out with this. Go set up your will with a lawyer that specializes in this. Make sure all your accounts and the information needed to access them is setup ahead of time for your heirs. Choose your estate executor. Update as needed every few years. This is important stuff if you have a family or otherwise want to disburse your assets after you die. Nothing is as soul draining as when already suffering from loss to then have to spend your time you should be grieving instead messing with lawyers and gov't types and unscrupulous relatives because your loved one failed to plan ahead. Ask me how I know this.
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Post 53904329 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.16h):
Great read, thanks for sharing. I'd merit but out.
282.
Post 53909880 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.16h):
Doesn't look like Bloomberg is a Yang replacement when it comes to crypto if he has this attitude...
https://news.yahoo.com/audio-bloomberg-slammed-warren-scary-023635538.htmlBloomberg also said that he would use a "campaign platform" for the presidency to "defend the banks."
"You know how well that's gonna sell in this country," he said, adding that the people in the banking crowd are his "peeps."
283.
Post 53910720 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.16h):
Nothing much new here for most of us but a good read nonetheless...
https://seekingalpha.com/article/4326907-5-reasons-why-bitcoin-is-likely-going-much-higher-fromGiven the current economic circumstances and considering that fiat creation will likely intensify in the future, people may begin to lose faith in the old world financial order. The likeliest place for the to turn to will be Bitcoin...
...and for you Coronavirus obsessives...
https://seekingalpha.com/article/4326912-looking-ahead-s-and-p-500-and-coronavirus-correctionUnless the Coronavirus turns into a prolonged global pandemic that begins to claim tens of thousands or millions of lives, the current correction will likely be a transitory event and should create a sharp V shaped recovery/buying opportunity relatively soon. The WHO recognizes that the virus is a serious problem, yet it's not acknowledging this as a pandemic event
284.
Post 53916714 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.16h):
Peter Schiff is like a family doctor who because he has "MD" by his name thinks he's qualified to speak about molecular biology. Don't understand why this guy, who can't even be arsed to learn the basics of keeping a bitcoin, keeps thinking he's some crypto savant.
https://cointelegraph.com/news/bitcoin-suckers-are-wrong-about-safe-haven-status-peter-schiff “So the value of Bitcoin is that no one has any idea what its price will do. What's that worth?”
This made me chuckle...
https://cointelegraph.com/news/binance-ceo-changpeng-zhao-explains-why-craig-wright-is-a-disgrace“Who is Satoshi? Who gives a s**t?”
285.
Post 53916814 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.16h):
it's probably a good idea to have a decent stock of basic non-perishable food and basics like toilet rolls, first aid etc. - just so you don't have to actually go out to hunt down basics.
This. You don't need to have *that* much to ride out a short term screwup, I just went out and picked up a few hundred worth of extra groceries. Mostly the extra was canned goods, pasta, staples, rice, potatoes, and the like.
Clean water would be my chief concern. Here's a good checklist in case you expect to be without power and/or clean water for a few weeks. It's a hurricane preparedness site but this is the stuff you'd need to think about...
https://hurricanesafety.org/prepare/hurricane-safety-checklists/I used this last time I was in a hurricane, worked great, there are several similar products on the market...
https://www.amazon.com/gp/product/B00W2BQT4GAnd of course, it's important that you know how to use all this stuff *before* you need to.
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Post 53917718 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.16h):
Interestingly, it looks like gold has been tanking the last couple days too. So much for the safe havens.
China fleeing to cash? Seems self-destructive but I guess the shops don't take crypto for rice buns.
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Post 53917945 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.16h):
Time to buy some dip, I guess...
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Post 53918535 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.16h):
Don't worry folks, I've got a nice chunk of fiat making its way through various systems to eventually make a buy. It's pretty much guaranteed we'll be back at the yearly high before I can make the purchase.
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Post 53923558 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.16h):
The fact of the matter is that it was the boomers who voted in socialism in practically the entire world. They deserve to die, and they need to die before we have even the possibility of building something better.
And I'm saying this as someone with old parents. Good parents at that, even. But a few worthwhile people, if they are, do not make up for an entire world run by old people who deliberately make things worse.
If Corona-chan kills most people over 60 and stops unlimited immigration, then it may in the long run turn out to be a good thing. Even better if the world turns on the chinese for releasing it.
Our elders still have a lifetime of valuable experiences to share, I'm not quite ready to give them up.
No they don't. An easy and safe life does not breed wisdom.
I'd wager you have had it 100x easier and safer. I'm not a boomer but I have no desire to see them killed. Everyone of those people you casually and cruelly dismiss has a full lifetime of experience, pain, heartache, joy, and knowledge.
Have some heart and if you can't muster up a basic level of humanity at least think of self preservation. Icygreen has it absolutely correct.
Maybe you should actually talk to some older people sometime instead of living out your bigoted uneducated self-defeating prejudices online. When/if the shit really hits the fan many will be completely unprepared for reality and relying on some aging boomer to show them how to find clean drinking water or repair an engine or a million other skills people learned as a matter of course pre-internet.
You think they had it easy because they spent their lifetimes helping make YOUR life easy. Wishing death on millions because you think they are in your way is juvenile at best and psychopathic at worst.
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Post 53923630 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.16h):
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Post 53923829 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.16h):
Those wacky slavs...
https://cointelegraph.com/news/it-exec-at-kyiv-prosecutors-office-illegally-mined-crypto-on-office-systemsAccording to the Prosector’s Office, he illegally used the network equipment and systems to mine crypto with malware installed on the machines.
Furthermore, the defendant also allegedly provided placement to third parties on the office’s servers in exchange for money.
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Post 53924096 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.16h):
The establishment chicken littles are starting to crow. I wonder how much is corona virus effect as stated and how much is them just saying it is to cover their rears...
https://news.yahoo.com/coronavirus-will-wipe-out-corporate-profit-growth-in-2020-and-may-trigger-recession-goldman-sachs-122739601.htmlThe coronavirus may wipe out corporate growth in 2020, perhaps completely.
Goldman Sachs said Thursday in a note U.S. companies will generate no earnings growth in 2020. Underlying the call is Goldman’s view that the coronavirus is expected to spread around the globe and severely harm economic activity.
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Post 53924428 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.16h):
LOL...
https://cointelegraph.com/news/steven-seagal-charged-by-sec-for-promoting-2018-icoSeagal is a Buddhist, claiming in 1997 to have been given the title of tulku — the reincarnation of the Buddhist lama — by a Buddhist high priest. For this reason, he was announced by the B2G project as a “Zen master.”
Double LOL...
https://cointelegraph.com/news/courts-will-seize-btc-with-miners-help-self-proclaimed-satoshi-craig-wright“Without keys, BTC will be confiscated. Code is law, and courts can mandate patching code. Bitcoin is not encrypted. It is economic.”
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Post 53929512 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.17h):
BTF....oh nevermind.
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Post 53929768 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.17h):
https://cointelegraph.com/news/fed-coronavirus-rate-cut-may-beat-bitcoin-inflation-after-2020-halvingThe United States Federal Reserve will cut its interest rate target to compete with Bitcoin (BTC) post-halving, traders believe.
296.
Post 53929807 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.17h):
These kinds of people are poison for the industry as a whole, regardless of how damaging they are in other sectors also...
https://cointelegraph.com/news/philippine-cryptocurrency-regulator-accused-of-misappropriating-millionsLambino allegedly charges each cryptocurrency company applying to operate under CEZA $100,000 for principal licensing fees plus an application fee of $100,000. However, the intelligence report purports that Lambino records having only $3,000 in the receipt for these fees, suggesting that he is embezzling the other $97,000.
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Post 53930244 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.17h):
Plot that data on a graph with the x-axis going from 0 to 100% and you won't feel as much panic.
298.
Post 53949384 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.17h):
The Chicken Littles in banking say the sky is falling again...
https://cointelegraph.com/news/bank-of-england-warns-crypto-adoption-may-impact-credit-creationJon Cuncliffe, the deputy governor for financial stability of the United Kingdom’s central bank, the Bank of England (BoE), has warned that the emergence of a cryptocurrency economy may weaken or eliminate bank credit issuance.
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Post 53949668 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.17h):
-snip-Jon Cuncliffe, the deputy governor for financial stability of the United Kingdom’s central bank, the Bank of England (BoE)
Name checks out.
Haha! That was my first thought too.
300.
Post 53950794 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.17h):
Just texted with a friend, the groceries in Seattle got wiped out yesterday. Silly normals, why pay for food when you can just split the skulls of your neighbors and feast on the tasty goo inside?
I'll have mine sunny side up please.
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Post 53955932 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.17h):
Never seen so much panic about most likely nothing too horrific
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Post 53955961 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.17h):
Preventing that crap-sack universe by having a reasonable government, getting involved with your community, and contributing to a better tomorrow despite the fact that some (many, most) people are fuck-heads could be a better investment over becoming the king of MREs.
Well said. If the shit really hits the fan what will save us is working together not living out a Mad Max fantasy. Though personally I do tend to like the idea of being prepared enough to outlast an alien invasion. Need to merit this when I get some more.
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Post 53955997 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.17h):
TL;DR Keep calm and wash hands.
Pah. I cannae wait to set sail across an ocean of pus and sputum. I will fish for regurgitated hospital food as I slurp my way to the high ground. I might need to boil it first.
That's wasted effort, it already comes from boils, you'll be fine.
304.
Post 53956410 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.17h):
https://cointelegraph.com/news/bitcoin-has-solidified-role-as-investors-digital-gold-grayscale“So I talk to an institution, they now look at Bitcoin as part of the same flight to safety as they might look at bonds or gold or other things that have served in that capacity for them, and that wasn’t a widely-held narrative probably until about the last 12 or 18 months.”
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Post 53956715 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.17h):
Current population of the US is 320 million. If 50% of the people get this in some way and the death count is 2% of all cases, then we're looking at about 3.2 million dead people. Let's see what it looks like in a year or so.
That's roughly the population size of Los Angeles. Or Houston + San Francisco. Or just the rude portion of New York City.
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Post 53956794 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.17h):
Paper fiat may face its death.
Can you imagine a gov't telling all it's citizens to stop using cash because of potential virus transfer, and instead use only crypto? Of course it would be a CBDC they'd direct everyone to use but still.
307.
Post 53956889 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.17h):
Paper fiat may face its death.
Bad. Say goodbye to anonymity. Ok, so this virus isn't 100% good news.
Spiro continued to advance the transparency of the blockchain as an advantage to regulators: “You’re going to see that transaction lifecycle. [...] As an investigator, you have a wallet address.”
An audience member who had believed that Bitcoin’s charm lay in its anonymity asked: “So that’s a myth?” Spiro affirmed, “That is a myth.”
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Post 53957418 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.17h):
Oh great, they're cancelling orgies?
This is going to suck.
Or not as the case may be.
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Post 53973095 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.17h):
We were all just half-joking about this yesterday or the day before, apparently a real concern...
https://news.yahoo.com/cash-could-spreading-coronavirus-warns-154003480.html"We know that money changes hands frequently and can pick up all sorts of bacteria and viruses and things like that," a WHO representative told The Telegraph. "We would advise people to wash their hands after handling banknotes and avoid touching their face."
310.
Post 53976368 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.17h):
Looks like the banks are starting to progress through Kubler-Ross, I believe we are at "anger", soon will follow "bargaining" and eventually "acceptance".
https://cointelegraph.com/news/reserve-bank-of-india-to-appeal-supreme-courts-crypto-decision“The Supreme Court may look at the RBI’s review petition but as of now the cryptocurrency platforms can operate in India. Many companies have even gone bankrupt after the RBI’s diktat and they may also look to initiate action in this regard.”
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Post 53989140 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.18h):
My worth is falling; someone save it!
Since my divorce my self worth has nowhere to go but up.
312.
Post 53990135 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.18h):
Keep panicking, I'm happy to keep accumulating. Rome wasn't built in a day, nor did it collapse in a day either.
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Post 53992264 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.18h):
https://www.msn.com/en-us/money/markets/over-dollar21-billion-wiped-off-cryptocurrency-market-in-24-hours-after-massive-oil-price-plunge"For those who have long term investment horizons, bitcoin is absolutely a buy during these dips," Jehan Chu, co-founder of Kenetic Capital, an investor in blockchain start-ups told CNBC. "We can expect more of this volatility sparked by macro health and financial shocks, but ultimately long term investments in the digital future and it's key asset Bitcoin will be a winning strategy"
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Post 53995998 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.18h):
That was my only foray into tarding instead of hodling.
Haha, first time I've seen that. Perfect!
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Post 53997251 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.18h):
Seems a bit early to go full retard but...
https://news.yahoo.com/david-zervos-the-federal-reserves-next-move-202017221.htmlLike a growing number of market participants, Zervos believes the Fed is about to be “running very low on rate cut ammo.” The “next obvious step in the Fed’s playbook” will be quantitative easing, he said.
“I don’t think any of these things hurt. The cost of doing a rate cut, the cost of reigniting QE, the cost of doing what you are talking about — the funding facilities — is that we over-stoke the economy and create some unwanted inflation pressures. That’s the cost of a monetary easing,” Zervos added.
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Post 54005006 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.18h):
It occurs to me (I know, kinda slow on the uptake) that gold as a safe haven attracts the old guard more than bitcoin not just because of generational differences but because of the volatility. Huge moves for gold are ridiculously tiny ones in crypto, and when you are scared about your nest egg that makes more sense. It's a different mindset than many of us into btc. I guess store of value for them just means they won't lose too much money if the shit hits the fan.
https://www.marketwatch.com/story/gold-slips-lower-as-stocks-try-for-rebound-from-worst-day-since-2008-financial-crisis-2020-03-10Still, Moya believes that gold, along with U.S. Treasurys will “remain the favored safe-haven traders as financial markets navigate through rising global recessionary risks, deflationary pressures and falling consumer confidence.”
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Post 54008035 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.18h):
I'm not sure I'd call him a gold 'bug' anymore, more like a gold 'troll'.
https://cointelegraph.com/news/peter-schiff-oblivious-as-bitcoin-retakes-gold-as-safe-haven-ytdFor those who believe Bitcoin is “digital gold”, data shows the two assets out of sync on the monthly time frame but both Bitcoin and gold are up 9.45% and 8.82% in 2020. This suggests that regardless of the fact that Bitcoin price has dropped by 14.85% since March 7, some traders still view the asset as a hedge against volatility.
Unsurprisingly, staunch Bitcoin critic Peter Schiff seems to believe otherwise and he capitalized on Bitcoin’s recent poor performance by tweeting:
“Bitcoin is no longer a non-correlated asset. It's positively correlated to risk assets like equities, and negatively correlated to safe-haven assets like gold. When risk assets go down, Bitcoin goes down more. But when risk assets go up, Bitcoin goes up less. No value in that!”
318.
Post 54011744 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.18h):
I just sold all my holdings for a 24 pack of toilet paper. Get in now on the ground floor.
319.
Post 54015416 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.19h):
Gold, oil, Bitcoin all dropping along with stocks, where are people putting their money?
Uh? What money? There's NO money when EVERYTHING WORLDWIDE goes down.
USD. Then they'll buy back in after this crisis.
320.
Post 54016861 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.19h):
I'm starting to get the spamverts thinly veiled as "we are here for you/what to do in the event of" Coronavirus emails from sources other than gov't and work. Any excuse to email spam blast advertisements. Great to know that I can (still) monitor my accounts online and I of course couldn't wait to hear about their new financial services products, sign me up!
321.
Post 54017266 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.19h):
That's a really depressing image. just look at that TP.
That's because everyone else has been panic buying all the toilet rolls.
One of the few times I should have given in to the FOMO.
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Post 54017771 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.19h):
Couldn't resist a little extra on top of the weekly DCA. Prob catching a knife but sats are sats.
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Post 54018220 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.19h):
So I guess we answered the question of when the S2F model would be broken.
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Post 54018248 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.19h):
10 years from now this day will be taught in colleges. Not sure under what subject though. Maybe mass psychology or the unintended effects of high frequency trading or incompetence of presidents.
325.
Post 54018879 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.19h):
I don't remember the need for mass graves from the flu this year...
https://news.yahoo.com/satellite-images-show-iran-built-215209711.html“It doesn’t surprise me that they are now trying to create mass graves and trying to hide the actual extent of the impact of the disease,” Dr Afkhami, an associate professor at George Washington University, said.
He added that the close trading partnership between Iran and China, and the government’s fear of disrupting that partnership had contributed to the early and rapid spread of the disease.
Of course Trump thinks it's all going swimmingly, he's spent several years firing anyone around him that isn't a yes man or woman, he is insulated from anything that he doesn't already agree with...
https://news.yahoo.com/trump-coronavirus-cnn-jim-acosta-233400312.html“What do you say to Americans who are concerned that you’re not taking this seriously enough and that some of your statements don’t match what your health experts are saying?” Acosta asked.
“That’s CNN, fake news,” Trump responded, at which several meeting attendees began snickering. The reporting pool was then dismissed from the room.
This is a leadership crisis...
https://news.yahoo.com/trump-coronavirus-rattling-markets-not-032800864.htmlThe coronavirus has taken a toll on the financial markets; the Dow Jones Industrial Average closed Wednesday 20 percent below its February high, The Wall Street Journal reports, ending its longest bull run. In his speech, Trump touted the U.S. economy, calling it the "greatest ... anywhere in the world, by far," and said he is taking "emergency action" to "provide extra support for American workers, families, and businesses."
326.
Post 54018893 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.19h):
My brother quit his job a few months back and liquidated his 401k in early February, which turned out to be great timing. He gave me some money to invest in bitcoin for him in early March, which turned out to be awful timing, and I almost feel like its my fault. :/
Yeah I liquidated an old 401k around the same time, lucky timing. Haven't reinvested in btc yet only because the paths the fiat has to take to get there are slow. Lucky again. Kind of wish I had it now but by the time it gets to where I need it to make buys who knows where we'll be. DCA to the rescue, she ain't sexy but she's kept me in the game this long.
327.
Post 54023119 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.19h):
Good to revisit the basics every once in awhile...
https://www.investopedia.com/articles/retirement/09/401k-bear-market.aspWhat should you do during a bear market? If you had a long-term investment strategy in place before the markets took a dive, it's time to revisit your plan. Are your goals still the same? Is your retirement still years in the future? If the particulars of your situation haven't changed, this is no time to change your overall investment strategy.
328.
Post 54023395 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.19h):
Great first post. You have a plan that you reasoned out for your circumstances and you are sticking to it while being open to continually evaluate its effectiveness.
I have jumped in with both of my feet. I told myself if I ever had an opportunity under 5k I would make sure I have an entire bitcoin. Last of my money for non essentials in and now have about 1.1 bitcoin.
I have 2 alt coins but they are worth less than 500 dollars in total. 6 months after the reward reduction I will just extract 2k dollars for the new opportunities fund. I am expecting this will result in still holding an entire bitcoin which I will hodl for my retirement fund or if it reaches the 500k USD level before I may extract 100k and use it to buy 50k gold and 50k silver.
The thing I really like about bitcoin is that they can will stick to 21 million. I am no longer worried about my fiat savings eroding now they are invested in other assets. These are high risk to some, but I view the risk to reward far easier to sleep with than the sure loss with no possible upside of accumulating fiat.
I will be watching this thread again because some members predictions had helped me increase my small bitcoin holdings by weaving in and out. I won't sell even .1 before 20k. This I believe will be in around 8 months.
329.
Post 54036893 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.20h):
https://www.marketwatch.com/story/exclusive-fed-is-throwing-money-in-the-wrong-place-says-sheila-bair-former-top-banking-regulator-2020-03-15“Forget this 2008 financial crisis playbook,” Bair said. “We never focused enough on the real problem in 2008, which was homeowners,” she said, adding that she “loves the idea” of recent proposals that aim to get cash straight into the hands of households who are grappling with shuttered schools, businesses and more.
330.
Post 54039547 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.20h):
Sounds exhausting...
Leading up to the fight Fury said he will masturbate seven times a day to keep testosterone pumping before sharing the ring with Wilder this month.
331.
Post 54039603 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.20h):
Only once treasuries and the dollar itself come under attack, Bitcoin will be truly measured.
I suspect a lot of countries will try following Russia's lead if that happens. I expect it to be a temporary war with btc the winner but who knows.
https://cointelegraph.com/news/russias-central-bank-seeks-to-ban-crypto-issuance-and-circulationAccording to a legal executive at the Bank of Russia, the country’s major but still unfinalized cryptocurrency legislation — a bill “On Digital Financial Assets” — will ban the issuance and circulation of cryptocurrencies.
...could be like gold in the USA from 1933 to 1977.
https://en.wikipedia.org/wiki/Executive_Order_6102... a New York attorney named Frederick Barber Campbell had one deposit at Chase National Bank of over 5,000 troy ounces (160 kg) of gold. When Campbell attempted to withdraw the gold, Chase refused, and Campbell sued Chase. A federal prosecutor then indicted Campbell on the following day (September 27, 1933) for failing to surrender his gold.[12] Ultimately, the prosecution of Campbell failed, but the authority of the federal government to seize gold was upheld, and Campbell's gold was confiscated.
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Post 54039662 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.20h):
Who's buying the dip then?
Just waiting on fiat to make it's slow meandering way through the system.
333.
Post 54039724 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.20h):
And this in the article too, made me chuckle at our idiocracy ...
President Donald Trump said he was “very happy” with the announcement, adding: “I think that people in the markets should be very thrilled.”
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Post 54040228 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.20h):
We are now officially in a liquidity trap.
https://www.forbes.com/sites/rogerhuang/2020/03/15/the-fed-is-close-to-a-liquidity-trap-what-does-that-mean-for-cryptocurrencies/#198ad4137f16So in the short-term, it’s likely that cryptocurrency prices will be very volatile, and possibly tending to the downside. Interestingly, if the Federal Reserve decides once again to fill its balance sheets with financial assets like it did during rounds of quantitative easing, this short-term effect will likely be replaced with a surge in asset prices, including cryptocurrencies.
335.
Post 54040782 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.20h):
Good time to move up a species or 2. (can't remember the source but I'm sure it's been posted here before...)
Humpback Whale = 5000 BTC or more
Whale = 1000 - 5000 BTC
Shark = 500 - 1000 BTC
Dolphin = 100 - 500 BTC
Fish = 50 - 100 BTC
Octopus = 10 - 50 BTC
Crab = 1 - 10 BTC
Shrimp = less then 1 BTC
336.
Post 54041245 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.20h):
The "experts" are at it again, the comments are pretty dismissive...
https://finance.yahoo.com/news/bitcoin-is-crashing-more-than-stocks-amid-coronavirus-pandemic-161615204.html“It is quite fascinating to watch how bad it’s performed,” said David Zervos, chief market strategist at Jefferies. “To see bitcoin off $1,400 in a day, that’s not going to give people a lot of confidence that it’s doing what it’s sort of marketed to do.”
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Post 54047628 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.20h):
https://sharylattkisson.com/2020/03/new-the-first-59-u-s-coronavirus-deaths-by-state-and-age/This thing is almost exclusively taking out very sick very old people. Most of these people would have probably died this year or next anyway.
Ill bet when this is over the global death rate will not be any higher than normal.
People talk about health systems being overloaded but this thing is just freeing up beds by taking out people who would be using hospital beds a lot in the coming year.
Covbull-19 is not to be feared. Asia has basically beaten it in a matter of weeks with about 5k total death.
Bitcoin getting stronger every day, it never panics.
What's happening here locally is the emergency rooms are filled up with people who have questionable coughs, while people who are actually in dire need are being sent home because there are no beds. I disagree with an easy dismissal of this event. It's a mess.
338.
Post 54047861 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.20h):
https://sharylattkisson.com/2020/03/new-the-first-59-u-s-coronavirus-deaths-by-state-and-age/This thing is almost exclusively taking out very sick very old people. Most of these people would have probably died this year or next anyway.
Ill bet when this is over the global death rate will not be any higher than normal.
People talk about health systems being overloaded but this thing is just freeing up beds by taking out people who would be using hospital beds a lot in the coming year.
Covbull-19 is not to be feared. Asia has basically beaten it in a matter of weeks with about 5k total death.
Bitcoin getting stronger every day, it never panics.
What's happening here locally is the emergency rooms are filled up with people who have questionable coughs, while people who are actually in dire need are being sent home because there are no beds. I disagree with an easy dismissal of this event. It's a mess.
Also what's happening in the US, at least the 'merica portions of it...
https://news.yahoo.com/buyers-virus-fears-priority-isnt-184327709.htmlSome dealers said an unusually high proportion of sales have been to first-time gun buyers.
“We attribute it mainly to the virus scare,” said Hyatt, whose gun store has seen sales increase 30% to 40% percent since late February. The presidential election and stock market fluctuations have also been driving business, he said, and the store is now selling more than 300 firearms a week.
“People have a little lack of confidence that if something big and bad happens, that 9-1-1 might not work. We saw it with Katrina,” Hyatt said, referring to the breakdown in emergency response after the 2005 hurricane on the Gulf Coast. “People haven’t forgotten that a disaster happened, and the government didn’t come.”
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Post 54053133 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.20h):
One other tweet that made a lot of sense:
This is the one that resonated more with me...
https://twitter.com/oneunderscore__/status/1240069022038753280?s=20Anybody else getting waves of dread that don't really go away, but just get temporarily patted down by slightly noisier stimuli (a loud thing on the TV, a particularly funny tweet, a phone call)?
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Post 54066463 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.21h):
LOL, with what looks like blood there I strongly recommend a visit to your local gastroenterologist. Also more veggies.
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Post 54070573 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.21h):
On my way back home, wife denied boarding to Canada despite marriage certificate and all visa documents. Booked another flight for her to her country in short order. Boarding at the same time at neighboring gates. Just as she steps through the gate to board her plane, I receive information that they've made a mistake and she's now allowed under the family exception.
That's what I was trying to fucking tell you at the desk you imbecile!
No amount of protest can bring her back to the gate from the plane. I watch our planes depart in different directions. Some pure bullshit today. WTF
Very sorry to read that Icygreen. I hope you and your wife can be reunited as soon as possible.
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Post 54070848 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.21h):
Where did you find this image?
Can I have the link.
Google reverse-image-search: it's from
http://sa-news.comedit: reading that site clears up my uncertainty about how Africa will handle corona. They won't. At all.
Reading that site it's obvious it's a SA version of Stormfront or similar. I doubt it would be useful to draw any practical conclusions from anything on that site.
This is a good resource, though it doesn't list sa-news...
https://www.adfontesmedia.com/?v=402f03a963ba
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Post 54076472 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.21h):
Nice feel good article...
https://cointelegraph.com/news/bitcoin-was-designed-for-a-financial-crisis-so-far-its-working-wellThere are many who argue that Bitcoin cannot be a store-of-value based on its whipsaw volatility but valuable insight can be drawn from gold’s price action during the 2008 financial crisis.
Gold certainly doesn’t look like a safe haven after a 24% plunge in less than 2 months, even more worrisome is the fact that the S&P 500 remained flat during that period. Therefore, is it really fair to analyze any correlation over such a short period? Does that sharp movement in price invalidate gold’s resilience during market uncertainties?
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Post 54084194 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.21h):
I like the way we are weathering this storm so far.
https://cointelegraph.com/news/bitcoin-faces-critical-week-to-confirm-safe-haven-potential-analyst “1) Traders exit risk-on leveraged positions and sit in USD. Retail investors sell to USD for runway (hard times ahead). All assets crash against USD.
2) After peak fear, best assets for hedging the times ahead rise in value (Gold 2008, Gold & BTC 2020).”
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Post 54084245 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.21h):
The Binance guy sums it up succinctly with the quote...
https://cointelegraph.com/news/cardano-chief-compares-us-dollar-to-onecoin-scam-as-fed-keeps-printing“Ever heard about ‘supply, demand and price’? What happens to price when you have infinite supply?”
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Post 54084292 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.21h):
There's no horror here: All those dollars should be exchanged for valuable bitcoins. With Bitcoin inflating at 12.5 btc every ten minutes I'm sure a stable price will be reached.
Just makes the exit strategy from btc to fiat that much easier. Never exit.
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Post 54088409 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.21h):
China continues to be at the forefront of converting the human race into the Borg...
https://cointelegraph.com/news/alipay-patents-reveal-more-details-about-chinas-forthcoming-cbdcOn Feb. 25, Alipay published a patent detailing “a method and device for controlling digital currency accounts.”
The regulator will provide a control device installed at the operating agency, with which supervisors can restrict suspected accounts within predefined rules. This will allow the supervisors to circumvent the need to go through the operator, allowing immediate restriction.
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Post 54088507 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.21h):
This just boggles my mind, how much farther can the can be kicked down the road?
https://cointelegraph.com/news/bitcoin-price-gains-7-in-24-hours-as-wall-street-bets-on-2t-bailout...compensating losses in the form of “unlimited” money printing is causing alarm bells to ring for some.
Commenting on the Federal Reserve’s liquidity drive, Wall Street veteran Caitlin Long argued that “the last vestige of capitalism died in the U.S.”
“Fed's monetization US debt is now unlimited,” she tweeted on Monday.
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Post 54088624 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.21h):
Nobody's working, stocks are up 6-8%.
Makes no sense.
I'm still working. You're welcome.
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Post 54088725 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.21h):
Looks like they stripped the digital dollar from the coronavirus bill but it's being reintroduced as standalone legislation...
https://cointelegraph.com/news/in-us-covid-19-stimulus-bill-hope-not-lost-for-digital-dollar...the bill said it would “Allow everyone to set up a digital dollar wallet, called a ‘FedAccount,’ a free bank account that can be used to receive money, make payments, and take out cash.” These FedAccounts would be accessible at local banks and post officer.
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Post 54088845 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.21h):
Looks like they stripped the digital dollar from the coronavirus bill but it's being reintroduced as standalone legislation...
https://cointelegraph.com/news/in-us-covid-19-stimulus-bill-hope-not-lost-for-digital-dollar...the bill said it would “Allow everyone to set up a digital dollar wallet, called a ‘FedAccount,’ a free bank account that can be used to receive money, make payments, and take out cash.” These FedAccounts would be accessible at local banks and post officer.
Yeah, they were going to send everyones stimilus money to these wallets but now it is starting to look like a way so to have them register for a Fedaccount so they can tax it to nothing.
What are the odds they'll allow the Fedaccount to send/receive money from crypto exchanges? I'm guessing slim to none.
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Post 54089482 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.21h):
This guy again...
https://cointelegraph.com/news/only-fools-are-choosing-bitcoin-says-gold-bug-peter-schiff...Schiff often attempts to convince his followers that Bitcoin is not a worthy investment. On March 10, Bitcoin surged to $8,150 before encountering resistance and being pushed back to $7,730 while most of the market was in a freefall. Shiff at the time ignored the fact and said:
“Bitcoin is no longer a non-correlated asset. It's positively correlated to risk assets like equities, and negatively correlated to safe-haven assets like gold. When risk assets go down, Bitcoin goes down more. But when risk assets go up, Bitcoin goes up less. No value in that!”
As of press time, Bitcoin is 6% up on the day as Wall Street opened in the green.
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Post 54090055 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.21h):
I didn't study economics or anything else really at school.
So which brokerage house do you work for? LOL, just kidding.
I remember the silver jump in the 70's, invested basically at the high then with some mercury dimes, I think for the princely sum of about $80 USD. Still have the dimes, they are cool to look at but not worth much. Silver as a play has never seemed to work out the few times I've watched and considered it.
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Post 54094707 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.21h):
Market Cap of Bitcoin in 2025 - Trillion -??
Sure, why not. Gold market cap is 6.5 trillion. A trillion for btc would put us at about $50,000 in USD which I'm guessing by 2025 will be just enough to buy a roll of toilet paper. Golden times ahead friends!
https://cointelegraph.com/news/as-trump-talks-trillions-binance-ceo-predicts-2t-bitcoin-market-capTrillions are on the table, and Bitcoin has already seen price gains following the Fed’s suggestion that it could print an infinite amount of cash. According to Zhao, Bitcoin ride this wave all the way to $100,000:
“As we get used to talk about Trillions, a modest $2 trillion market cap of#bitcoin will put 1 BTC at $100,000. Not such a hard to imagine number now, right?”
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Post 54094809 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.21h):
he said he knew how to access the coins but didn't have time to do it himself
Who's got time for that? That's just science.
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Post 54096042 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.21h):
I keep hearing that the stimulus package passed but am seeing conflicting reports.
Is the digital dollar included?
No. Last I read the Senate deal has been agreed to but not voted on. The House bill had the digital dollar in it but that was taken out and made into a separate bill. I don't think it was ever in the Senate bill.
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Post 54100224 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.21h):
I liked this one...
$6,000,000,000,000 stimulus package for just one country.
And you don't think Bitcoin can reach a $2T market cap? ($100k/coin)
https://twitter.com/danheld/status/1242593211983380480
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Post 54101132 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.21h):
For some reason reading that quote I hear it in Charles Bukowski's voice.
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Post 54101145 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.21h):
Now this is bullish to me...
https://cointelegraph.com/news/bitcoin-fares-well-against-fiat-currencies-but-its-in-a-class-of-its-own“Some experts misguidedly confuse price with purchasing power, i.e., they believe that a currency’s purchasing power is directly expressed by its USD value. In fact, Bitcoin’s purchasing power has risen as steadily as the dollars’ has fallen. Since the start of the 20th century, a single dollar’s impact on the material flow of goods and services in the world has steadily declined. Bitcoin’s impact on wealth and the flow of capital is becoming more powerful every day, as the engineers and entrepreneurs in our space continue to build out its spending infrastructure.”
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Post 54107193 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.21h):
Haha, out of merit but you deserve some for that, classic. It needs an update for 'time spent manually placing straight lines to predict future of chaotic datasets'.
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Post 54111860 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.21h):
I can only think we don't have mass riots because most people don't understand money at all. Der der der …
https://cointelegraph.com/news/donald-trump-just-advertised-bitcoin-after-fed-creates-6-trillion“The beautiful thing about our country is $6.2 trillion — because it is 2.2 plus 4 — it’s $6.2 trillion, and we can handle that easily because of who we are, what we are,” he said.
“It’s our money; we are the ones, it’s our currency.”
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Post 54112086 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.21h):
Well, strongly worded missives in online forums at least.
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Post 54125560 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.22h):
Ya gotta be personally interested or introduced to the concepts at a young age I think for those financial management habits to germinate. For me it was the former because my parents didn't really understand how to plan for the future though they were frugal by nature. They had no problem stressing the importance of having a savings account but investments were almost a foreign concept.
I think if you give people the tools/knowledge the earlier the better, it alleviates some of the stress of screwing up when you see the runway you have at age 15 compared to age 50. A lot of folks kind of have a basic idea of what they should do but they also think it's way out of reach so why bother? Obviously those of us on here don't have that mindset but I understand where it comes from.
This is a good book to start young teens or earlier out on money management concepts...
https://www.amazon.com/gp/product/1634139437Obviously there won't be crypto in there but I'm sure a motivated parent or other relative can fill in those blanks when they are ready.
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Post 54125683 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.22h):
I don't know man, we treat "don't consume what you can't afford" like some kind of arcane fucking wisdom that has to be taught.
No.
This is BASIC reality, like fire is hot and water is wet.
fucks sake people
There's knowing that and there's putting it into practice. When you consider so many adults can't even do a basic budget then yes the idea of savings has to be taught in my opinion, even if only to emphasize its importance in the face of a never ending onslaught of a culture that demands us to spend. Heck we even see it on here sometimes when people over invest and get themselves in trouble because they didn't follow the mantra of not to invest what they can't lose. Just my opinion.
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Post 54125953 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.22h):
The lung problems are frightening...
https://news.yahoo.com/fit-healthy-33-old-recounts-183641193.html‘’I am 33 years old, in great health, and I found myself suddenly in less than a day and a half in intensive care.’’
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Post 54125959 (copy this link) (by bkbirge) (scraped on 2020-04-04_Sat_17.22h):
When you consider so many adults can't even do a basic budget then yes the idea of savings has to be taught in my opinion, even if only to emphasize its importance in the face of a never ending onslaught of a culture that demands us to spend.
Who's going to teach them? Schools? LOL.
Well, in my household it's the parent me teaching the kid. But yeah, I do think there should be a semester on basic money management taught in public schools. And probably another semester on basic life skills that it seems many parents don't teach or don't even know themselves.
