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09-18-2020 , 03:40 PM
Quote:
Originally Posted by ToothSayer
You sound like someone caught in a cult that you're way too emotionally invested in. Attack anyone who attacks the true love of your life (bitcoin), and call them a "vile ****" for no good reason at all.


That's some projection there. In reality, for the reasons previously well stated, I don't care much what any individual thinks or does, I think for myself. You're the guy getting hyper excited about a single rich guy investing in your shitcoin, like an insecure sheep cult member wanting some validation.
Funny how you everything you write is wrong, lol.

-I am not even invested in bitcoin lol. Fail (kinda hard to be a sheepish cult, without any bitcoin rofl)

-Those are not projections, those are facts buddy! Read your post objectively, in fact read it as if I wrote it.
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09-18-2020 , 03:58 PM
Quote:
Originally Posted by skiier04
MicroStrategy news was cool but don't think it moves the needle much. Expecting 10k support to be retested in the coming days/weeks. BTC bulls should have a plan for scenarios where it starts to look like the 4-year cycle/S2F charts are not going to be validated... I certainly think this is a possibility given current macro climate.
S2FX model removed the time-series component of the model. S2F predicts ~$55k by the end of 2021, while S2FX predicts a model price of $288k by 2024. The actual price on any given day can vary widely from the predicted value.

I might start getting worried if $20k hasn't been broken by May/June 2021, or I may not as long as we've been firmly holding above 10k, 12k, 15k etc. Bitcoin goes parabolic gradually, then suddenly.
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09-18-2020 , 07:47 PM
Quote:
Originally Posted by johnnyBuz
S2FX model removed the time-series component of the model. S2F predicts ~$55k by the end of 2021, while S2FX predicts a model price of $288k by 2024. The actual price on any given day can vary widely from the predicted value.

I might start getting worried if $20k hasn't been broken by May/June 2021, or I may not as long as we've been firmly holding above 10k, 12k, 15k etc. Bitcoin goes parabolic gradually, then suddenly.
These dumb **** "models" are what I said, dumb as ****. I don't even know what the model is, but every one I've seen is massively flawed.

They always use past results for future price predictions. Which would make sense, except things are different now.

The big difference is the reduction in inflation at halvenings is much less compared to overall float now. BTC used to explode when inflation was cut from 16% to 8%. Or 8% to 4%. We just went from 4% to 2%, and they are modeling this **** like we are going from 16% to 8%.

To put things into perspective, how much effect do you think the halving will have when it goes from .5% to .25% inflation? Clearly going from much higher percentages to the float has a much larger effect on price appreciation.
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09-19-2020 , 04:01 AM
Quote:
Originally Posted by skiier04
Took off 25% of my position at 10900 and tempted to unload more... just not seeing too much to be excited about right now

When things aren't exciting is the time to buy
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09-19-2020 , 02:20 PM
Quote:
Originally Posted by onemoretimes
When things aren't exciting is the time to buy
Oh believe me I've learned to counter trade my instincts and have done so in the past. I hope I'll be wrong about this. Still have a much higher % of my portfolio in btc than most people consider reasonable. Even if S2F starts to look like it will be invalidated I think the ensuing selloff will ultimately just create another fantastic buying opportunity.
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09-19-2020 , 02:53 PM
nothing wrong with being in cash right now - neutral is a great position
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09-19-2020 , 03:11 PM
Quote:
Originally Posted by onemoretimes
I actually have gold and silver from 15 years ago. A few years back I tried to buy some BTC with it. Nobody accepted gold or silver. However, you can buy gold or silver in a flash with BTC from pretty much every major precious metal dealer. That is why BTC will crush gold and silver. It's actually used as money.
How many times can bitcoin morons repeat the same lie, yet hear it debunked hundreds of times. Nobody is accepting your bitcoin for Gold fool, a 3rd party charges the bullion dealer a small fee, and they take the bitcoin and send the fiat to the bullion dealer.
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09-19-2020 , 03:29 PM
Quote:
Originally Posted by The_Jackal21
Funny how you everything you write is wrong, lol.

-I am not even invested in bitcoin lol. Fail (kinda hard to be a sheepish cult, without any bitcoin rofl)

-Those are not projections, those are facts buddy! Read your post objectively, in fact read it as if I wrote it.
Is this fool actually saying this nonsense after he said this... and literally never replied and now is pretending he is not the most foolish person in this thread. Like I said earlier this dude is like a Parrot, brainwashed and incapable of thinking for himself.


Quote:
Originally Posted by The_Jackal21
What happens when we find Gold 2.0? That perceived value of Gold will go down the drain.

You keep hammering on on gold's value, we get it, you can do other things with gold, cool, it's still not money though is it, thats why only 7 trillion sits in gold. It's only a store of value because people BELIEVE it is and see it as a hedge thus it becomes a self for filling prophecy.

Oil is very useful, until we find ways to harness the sun's energy then oil will become worthless.

What happens when we find abundance of gold on asteroids, in the sea, somewhere else on earth or close by planet?

Bitcoin will stay 21 million!

btw, how has gold got a fixed supply? Anybody can go dig for it, mine it. Supply is basically unlimited, why on earth people believe it's scarce, sheep will believe anything and parrot it for eternity!

Lets also talk about how and who mines gold, shall we. The game is already rigged to start with, africans get paid less than 1 dollar a day, some are still slave labor, you want that as your money? It's dirty...


Quote:
Originally Posted by ThrowingRocks
You didn't quite understand what ToothSayer had elaborated on. Who cares if we find Gold 2.0, or even more Gold. The metal itself has useful properties, as the price of it falls, more use cases for it are created which increases the demand. What's evident when you make comments as such it shows you haven't put much thought into the metal.

As for Gold not being money, why the hell is it stored in central banks vaults and held my governments all around the world.

So you think oil will become useless, and therefore Gold will become worthless..... yet there is not a single metal on the planet that is worthless? But the longest lasting and most useful one is going to be worthless... HAHA

What happens when you find a large amount of Gold in ocean and asteroids?
Go and get it then, be my guest, it's rare on earth and people are still digging in the ground to find it, amazing that all these mining companies are so
stupid to put billions of dollars in infrastructure,exploration in the ground when they should just go in ocean and space to get.

21 million of nothing is still nothing

btw, how has gold got a fixed supply? Anybody can go dig for it, mine it. Supply is basically unlimited, why on earth people believe it's scarce, sheep will believe anything and parrot it for eternity!

This is shocking considering you're a strong bitcoin advocator but are pretending you don't know what proof of work is


Now accusing Gold of being dirty money because of slave labor....
You just used gold to tell me that..... and your bitcoin is using gold to use bitcoins perceived utility

Your points are not well thought out, and you sound like a brainwashed parrot.

Last edited by ThrowingRocks; 09-19-2020 at 03:36 PM.
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09-19-2020 , 04:32 PM
I’m noob on bitcoin but....
My trouble with bitcoin personally is why people have so much confidence on it ?

First off , the creation Of money is a great power where I don’t see why government would accept it to get rid of .
Second off , government can easily create their own electronic currency while banning bitcoin or any other crypto currencies .
Third , doesn’t seem very hard to see better futur crypto take the place of bitcoin eventually imo .

yes ok you can think about store of wealth but I rather have something tangible for it .

FWIW, I don’t want government to make crypto currency the norm cause you would have them way too much power in control and surveillance on its citizens ....
what happened with Facebook and the like , we lose more and more or privacy while it cost us immensely financially....

I just don’t really understand how some here are so confident about bitcoin .
Not saying it’s bad but I don’t see it as a lock either , shrug

I feel Personally it is a good speculative bet but I wouldn’t go further than that at this point .
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09-19-2020 , 04:51 PM
Currency is not money... yet money can be currency.

Currency is not Fungible... Bitcoin is, there is your answer.

Governments only create Currency, unless it is a state based mining operation like in China.
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09-19-2020 , 04:52 PM
I sold off all my remaining Chainlink and moved it over to BTC... I will get back into link at a later date.
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09-19-2020 , 05:45 PM
Quote:
Originally Posted by Montrealcorp

Second off , government can easily create their own electronic currency while banning bitcoin or any other crypto currencies .
something I didn't broach in my original post is that the Idea... the experiment of bitcoin... is the proof of validity for a 'blockchain' solution, and it is and has been extremely successful in that regard. Bitcoin itself is a Benefit of this experiment.

A government could run and operate a block chain... but the idea is that a successful blockchain is DEcentralized. This means peer to peer without oversight and without centralized control... having a government run a blockchain is diametric to this idea.

A government could also run a blockchain in a hidden capacity, but with the way opensource works and the auditing of the protozoic that goes on by community members, it would probably be quickly found out.
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09-19-2020 , 06:47 PM
Quote:
Originally Posted by Montrealcorp
I’m noob on bitcoin but....
My trouble with bitcoin personally is why people have so much confidence on it ?

First off , the creation Of money is a great power where I don’t see why government would accept it to get rid of .
Second off , government can easily create their own electronic currency while banning bitcoin or any other crypto currencies .
Third , doesn’t seem very hard to see better futur crypto take the place of bitcoin eventually imo .

yes ok you can think about store of wealth but I rather have something tangible for it .

FWIW, I don’t want government to make crypto currency the norm cause you would have them way too much power in control and surveillance on its citizens ....
what happened with Facebook and the like , we lose more and more or privacy while it cost us immensely financially....

I just don’t really understand how some here are so confident about bitcoin .
Not saying it’s bad but I don’t see it as a lock either , shrug

I feel Personally it is a good speculative bet but I wouldn’t go further than that at this point .


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09-19-2020 , 06:52 PM
Quote:
Originally Posted by The Apex
Before you watch this nonsense, know that this clown Anton the LarpaPuss went around preaching bitcoin for years, telling the world about it's greatness, but then as the price ran up to 20k and people were celebrating their ridiculous gains, this guy went on reddit and started crying about how he had zero bitcoins, and then some women who took his advice, gave him 2 million dollars because he was larping and did not take his own advice.

True story of the ultimate crying larper.

The crying larper was selling a dream, feeding the goose while the goose was waiting to lay the golden egg he didn't think one was coming but then when the goose laid what looked like a golden egg, he started whining like a school girl that he wasn't rich and he had no bitcoins because he was busy promoting it for the geese.

Last edited by ThrowingRocks; 09-19-2020 at 06:59 PM.
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09-19-2020 , 08:46 PM
Quote:
Originally Posted by Montrealcorp
I’m noob on bitcoin but....
My trouble with bitcoin personally is why people have so much confidence on it ?
Because the digitization of everything is taking place at breakneck pace and it's absurd to think the internet won't have a digital native currency. The reason it will be Bitcoin is because it was the first to solve digital scarcity which gives it an insurmountable moat versus competitors. The race is already over which is evident by the hash rate dedicated to it and being the most fairly distributed / decentralized.
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09-19-2020 , 09:55 PM
Quote:
Originally Posted by ThrowingRocks
Anton the LarpaPuss
Never heard of this guy before.
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09-19-2020 , 11:23 PM
Quote:
Originally Posted by ThrowingRocks
Before you watch this nonsense, know that this clown Anton the LarpaPuss went around preaching bitcoin for years, telling the world about it's greatness, but then as the price ran up to 20k and people were celebrating their ridiculous gains, this guy went on reddit and started crying about how he had zero bitcoins, and then some women who took his advice, gave him 2 million dollars because he was larping and did not take his own advice.

True story of the ultimate crying larper.

The crying larper was selling a dream, feeding the goose while the goose was waiting to lay the golden egg he didn't think one was coming but then when the goose laid what looked like a golden egg, he started whining like a school girl that he wasn't rich and he had no bitcoins because he was busy promoting it for the geese.
Holy **** this post gave me AIDS. Andreas is the best ambassador Bitcoin has.

This is interaction on Twitter that prompted millions in donations: https://twitter.com/aantonop/status/938147200978374662

In no way, shape or form could this be seen as "crying about having zero bitcoin". Every day this thread manages to find a new low.
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09-19-2020 , 11:47 PM
Quote:
Originally Posted by omar coming
Holy **** this post gave me AIDS. Andreas is the best ambassador Bitcoin has.

This is interaction on Twitter that prompted millions in donations: https://twitter.com/aantonop/status/938147200978374662

In no way, shape or form could this be seen as "crying about having zero bitcoin". Every day this thread manages to find a new low.
ahhh so he did the responsible thing and shilled his magic beans, as he sold them to feed his family. Read Roger Vers tweet, 300$ bucks would have made him a millionare..... Like I said clown was a larper. I sorry you got fooled, but the proof is right there, you're in denial bud.
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09-20-2020 , 12:19 AM
At no point does he decide that it was irresponsible to shill magic beans, without or with little pay, and wind up not having any when they start sprout off the ground. Just because they sprouted however does not mean they are magic beans.
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09-20-2020 , 02:22 AM
Quote:
Originally Posted by johnnyBuz
Because the digitization of everything is taking place at breakneck pace and it's absurd to think the internet won't have a digital native currency. The reason it will be Bitcoin is because it was the first to solve digital scarcity which gives it an insurmountable moat versus competitors. The race is already over which is evident by the hash rate dedicated to it and being the most fairly distributed / decentralized.
Well you need to be pretty sure you are right when you pay so much for it .....
I just bough a little as speculation but I’ll never be so confident that bitcoin wins that race ....

If you give me now 10k and I need to chose between bitcoin or any precious metal , personally bitcoin will be my last choice if I need to take a large position ....

But like I said , i know nothing about bitcoin and I might be wrong but for now , if I think like that , well I assume ( wrongly maybe ? ) that I fit the regular mass and they probably have some feeling that ressemble mine , shrug .

Regardless I Will look into it cause the way I perceive those that knows about it seem excited .
Always fun to learn new stuff .

Last edited by Montrealcorp; 09-20-2020 at 02:31 AM.
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09-20-2020 , 11:26 AM
silly rabbit scarcity by human design is not the same as scarcity by the laws of physics and nature.

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09-20-2020 , 06:19 PM
Quote:
Originally Posted by ThrowingRocks
silly rabbit scarcity by human design is not the same as scarcity by the laws of physics and nature.

nice image
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09-20-2020 , 08:50 PM
Bitcoin ETF's are here...
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09-21-2020 , 03:40 PM
Market dumps
Risk assets dump
Silver and gold dump
Bitcoin dumps with it

Bitcoin continuing to prove it's a market-linked risk asset rather than a hedge.
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09-21-2020 , 03:55 PM
Tooth calling top. Let's see what happens next.
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