Bitcoins - digital currency - Page 1838 - Business, Finances and Investing Forum

When my kids need help with their schoolwork I almost never just give them the answer. I want them to learn to think on their own. I ask them questions in return and I make sure they have the fundamentals covered before proceeding.

Jbouton seems to be taking this same approach with strangers on a forum and I don't think it's working. The internet strangers don't care enough to try. (Maybe I'm wrong?). Fortunately, this approach still works with my kids because they enjoy learning and sometimes like to please dad.

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06-23-2021 , 11:39 PM

#45927

jbouton

veteran

Join Date: Jul 2019 Posts: 3,190

Quote:

Originally Posted by BattleAxe

No. The answers are banned on this forum. But I may have been granted a thread that allows the words.

you are all witness.

Last edited by jbouton; 06-23-2021 at 11:40 PM. Reason: so i can/could only ask questions

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06-24-2021 , 05:15 AM

#45928

SimpleRick

banned

Join Date: Aug 2018 Posts: 4,660

Can you nerds break this stuff down for me to what I need to know? Should I be selling bitcoin or continue HODLing?? All this technical jargon goes over my head.

Quote

06-24-2021 , 06:58 AM

#45929

Gcm1998

grinder

Join Date: May 2017 Posts: 466

Quote:

Originally Posted by SimpleRick

Can you nerds break this stuff down for me to what I need to know? Should I be selling bitcoin or continue HODLing?? All this technical jargon goes over my head.

If you sell, you smell!

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06-24-2021 , 07:14 AM

#45930

ProffesionalMalaka

adept

Join Date: Aug 2015 Posts: 749

Quote:

Originally Posted by SimpleRick

Can you nerds break this stuff down for me to what I need to know? Should I be selling bitcoin or continue HODLing?? All this technical jargon goes over my head.

That’s the beauty of it, they trick you to believe append only database that’s been around for decades but nobody uses it is revolutionary technology.

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06-24-2021 , 08:08 AM

#45931

kekeeke

old hand

Join Date: Apr 2011 Posts: 1,306

Quote:

Originally Posted by ProffesionalMalaka

That’s the beauty of it, they trick you to believe append only database that’s been around for decades but nobody uses it is revolutionary technology.

Out of curiosity, how long do you think has the internet been around?

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06-24-2021 , 08:40 AM

#45932

ProffesionalMalaka

adept

Join Date: Aug 2015 Posts: 749

Close to 40 years, why?

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06-24-2021 , 09:22 AM

#45933

lonely_but_rich

ɔarpal \ʇunnel

Join Date: Mar 2009 Posts: 24,110

Quote:

Originally Posted by SimpleRick

Can you nerds break this stuff down for me to what I need to know? Should I be selling bitcoin or continue HODLing?? All this technical jargon goes over my head.

Hopefully Johnny corrects me if I misunderstood. Lot of volatility caused by people buying on one exchange and selling on another exchange that has it priced higher. Now all the exchanges are close to the same price. 40k new bitcoins gonna get released on the market soon then supply will dry up raising demand so prices should start climbing around the end of the year?

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06-24-2021 , 11:25 AM

#45934

karamazonk

Pooh-Bah

Join Date: Apr 2009 Posts: 4,626

Anyone familiar with Voyager Digital? I don't know the company but I like the chart as a crypto play. Got in at 15.9 today and will probably use a stop around 14.0. I know this isn't a trading thread but curious what people think about the company. I'm a COIN customer and absolutely despise it, so I'd love to throw some money at competition.

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06-24-2021 , 07:26 PM

#45935

jbouton

veteran

Join Date: Jul 2019 Posts: 3,190

I got mikeinspace and vlad vamfir to endores the call out: https://twitter.com/mikeinspace/stat...97520178753539

paul said you don't need context to know the intention of the use of a word and used the example of the word 'read'.

I have read.

I will read.

which of these two is meant by the word 'read'?

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06-24-2021 , 08:00 PM

#45936

lonely_but_rich

ɔarpal \ʇunnel

Join Date: Mar 2009 Posts: 24,110

Yeah, he's clearly discredited beyond redemption.

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06-24-2021 , 08:56 PM

#45937

coordi

Carpal \'Tunnel

Join Date: May 2007 Posts: 22,831

Quote:

Originally Posted by jbouton

mikeinspace asked a good question though.

Are you happy now?

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06-24-2021 , 09:47 PM

#45938

jbouton

veteran

Join Date: Jul 2019 Posts: 3,190

Quote:

Originally Posted by coordi

mikeinspace asked a good question though.

Are you happy now?

Oh ya, and i just offered to escrow 100 bux if paul will read one tweet and he can keep it if he doesn't concede his whole point.

to lonely_but_rich I asked this economist, who was already bashing taleb through selgin's arguments, to help sort out talebs use of inflation. His response:

Taleb fooled him with his writing. DUC?

Your answer was correct (but still requires more nuance):

Quote:

Originally Posted by lonely_but_rich

*shoots jbouton*

Overvaluation?

Not everyone can perfectly follow this so people who are following need to explain it in better words than I can give.

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06-24-2021 , 10:31 PM

#45939

onemoretimes

Pooh-Bah

Join Date: Sep 2012 Posts: 3,535

Quote:

Originally Posted by johnnyBuz

It means that Grayscale sucking up all of the supply from October-January acted as a major tailwind to the price as hedge funds were capitalizing on the arbitrage trade to capture the GBTC premium over spot.

As the premium collapsed towards 0% by January 21 institutions stopped buying GBTC as there was no arbitrage to be had. So for the last several months you've had effectively zero demand from Grayscale coupled with 130,000 BTC being released on the market after their 6-month lockup acting as a major headwind (hence the recent price action).

There's roughly 40,000 BTC to be unlocked from Grayscale in July/August and after that it's blue skies as there will be no further source of surplus BTC being dumped on the market. It will take a few months for all this extra supply to be soaked up by HODLers and after that the post-halving supply squeeze should start being felt which is where the dramatic and parabolic price advances are seen and coincides with the end of the bull market ~18 months post-halving.

Haven't been here in months. And I'm instantly reminded why.

The BTC grayscale has is locked up. They haven't sold a single BTC.

So the question is, where do you come up with this **** that they have been dumping BTC on the market?

You literally just made it up as you went along I'm guessing. This is why I'll go back to spending my time elsewhere. Good day my friend.

Last edited by Mike Haven; 06-25-2021 at 12:10 PM.

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06-24-2021 , 10:45 PM

#45940

johnnyBuz

Carpal \'Tunnel

Join Date: Sep 2013 Posts: 7,563

I thought you disappeared because you went all-in eth at 4000+.

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06-24-2021 , 11:26 PM

#45941

johnnyBuz

Carpal \'Tunnel

Join Date: Sep 2013 Posts: 7,563

Quote:

Originally Posted by onemoretimes

The BTC grayscale has is locked up. They haven't sold a single BTC.

Pedantic much? Let me rephrase -- "a GBTC equivalent of 130k BTC is dumped on the market."

A cursory look at the GBTC unlock schedule, GBTC volume on/around those days vs. average, and BTC price would reveal they are strongly correlated. GBTC tail wagging the BTC dog.