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Old Today, 11:24 AM   #37551
ToothSayer
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Re: Bitcoins - digital currency

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Originally Posted by johnnyBuz View Post
Yah I guess we should just take your word for it over this guy...



Sadly he lost his billionaire status but he's well on his way one the stock adjusts over the coming years.
So we're supposed to take this guy's interest as meaning something, but the vast majority of rich people who've looked at bitcoin and said "do not want" aren't evidence against? Seems a little selection biased.

The thing is, every major piece of ****, ponzi and fraud in the history of the world has had rich, highly successful people in it. Theranos, not even a clever fraud, had plenty of billionaires in it, far richer than this clown (Larry Ellison for example). Most of Wall Street was behind Enron and Valeant. The smartest old Jew money in New York invested with a straight up $40 billion purely ridiculous ponzi via Bernie Madoff. So rich people's interest means precisely zero for the non-ponzi status and viability of an asset.

On the other side, we have highly experienced and respected people like Buffett and Munger call bitcoin "deeply flaky" and "rat poison".

In the end you have to look at something's fundamentals, and bitcoin's fundamentals suck more than MySpace did before Facebook came along.
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Old Today, 12:29 PM   #37552
onemoretimes
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Re: Bitcoins - digital currency

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Originally Posted by jfound View Post
guys bitcoin isn't the best investment use your btc money and get gold and silver
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.
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Old Today, 12:33 PM   #37553
The_Jackal21
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Re: Bitcoins - digital currency

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Originally Posted by onemoretimes View Post
POS coins will most likely take over as the best store of value. Even if their inflation rate is higher then BTC, if you stake, inflation is essentially 0 or even negative.

I see all kinds of articles about so and so investing $100 million in bitcoin mining. That money instantly flies right out the door to chip companies and electricity.

Now imagine if all those companies were investing $100 million in ETH staking? That money goes into the pockets of ETH holders.
Take over? I love Ethereum and I love what they are creating, I think Defi is really going to explode over the coming years. Bitcoin was meant to bank the unbanked and create what Eth has done but Eth has done all the work.

I really like how you can stake erc20 coins for very decent returns.

With that said I'm not sure Bitcoin will die off it's still the biggest and people with a 10's of millions+ aren't keen on putting it in some ERC20 token when that blockchain is only a few billion and relatively untested, therefore I do think it will still do very well, especially as people start to believe in it and park their money in it.

As more and more do this, it creates big, massive floors of stability, the rug pull that TS dreams of, the pyramid that eventually collapses, is just never going to happen, because A. bitcoin isn't a fraudulent company and B. if people simply keep adding money to it, it will simply keep growing.

This is key, adoption, as more people "believe" it will hold value and even increase in value, more people will simply trust it and as a result store money in it. A beautiful self fulfilling prophecy.

Jack also thinking about parking some of that $10b of cash from twitter, you'd think this might start some snowball effect, I think it will, people are slow to act, especially older people who don't like change but holding $$ is risky, especially in times like these, they will buy bitcoin or slowly see their $$ evaporate over time.
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Old Today, 12:37 PM   #37554
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Re: Bitcoins - digital currency

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Originally Posted by onemoretimes View Post
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.
like u said in the past but times are going to be different now.
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Old Today, 12:41 PM   #37555
The_Jackal21
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Re: Bitcoins - digital currency

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Originally Posted by ToothSayer View Post
So we're supposed to take this guy's interest as meaning something, but the vast majority of rich people who've looked at bitcoin and said "do not want" aren't evidence against? Seems a little selection biased.

The thing is, every major piece of ****, ponzi and fraud in the history of the world has had rich, highly successful people in it. Theranos, not even a clever fraud, had plenty of billionaires in it, far richer than this clown (Larry Ellison for example). Most of Wall Street was behind Enron and Valeant. The smartest old Jew money in New York invested with a straight up $40 billion purely ridiculous ponzi via Bernie Madoff. So rich people's interest means precisely zero for the non-ponzi status and viability of an asset.

On the other side, we have highly experienced and respected people like Buffett and Munger call bitcoin "deeply flaky" and "rat poison".

In the end you have to look at something's fundamentals, and bitcoin's fundamentals suck more than MySpace did before Facebook came along.
Also highly biased, Buffet owned Billions of banking stocks, which he has now sold. What's funny is he has now bought gold, while also stating in the past that gold was crap.

Even funnier the guy missed out on the dot.com bubble and he doesn't invest in things he knows nothing about.

Funny that Buffet, who knows nothing about technology, is somehow the guy that has an opinion on Bitcoin, he is the guy that did his homework on Bitcoin and Bitcoin alone, doesn't study any other tech, Apple, Google nothing, no tech stocks ever but but but, Bitcoin, he knows bro, he has tech knowledge of Bitcoin, doesn't this seem odd?

The guy with 0, and I do mean 0 tech knowledge, can voice an opinion on something so intricate as Bitcoin? Call me crazy but perhaps old Buffet is dirty vile ****?

You being the sheep you are, you just believe it, not really thinking it trough at all, typically braindead sheep!
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Old Today, 01:04 PM   #37556
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Re: Bitcoins - digital currency

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Originally Posted by The_Jackal21 View Post
Call me crazy but perhaps old Buffet is dirty vile ****?
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.

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You being the sheep you are, you just believe it, not really thinking it trough at all, typically braindead sheep!
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.
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Old Today, 03:16 PM   #37557
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Re: Bitcoins - digital currency

Took off 25% of my position at 10900 and tempted to unload more... just not seeing too much to be excited about right now in the short term in the charts or from a growth standpoint imo. 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.
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Old Today, 03:34 PM   #37558
The_Jackal21
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Re: Bitcoins - digital currency

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Originally Posted by ToothSayer View Post
So we're supposed to take this guy's interest as meaning something, but the vast majority of rich people who've looked at bitcoin and said "do not want" aren't evidence against? Seems a little selection biased.

The thing is, every major piece of ****, ponzi and fraud in the history of the world has had rich, highly successful people in it. Theranos, not even a clever fraud, had plenty of billionaires in it, far richer than this clown (Larry Ellison for example). Most of Wall Street was behind Enron and Valeant. The smartest old Jew money in New York invested with a straight up $40 billion purely ridiculous ponzi via Bernie Madoff. So rich people's interest means precisely zero for the non-ponzi status and viability of an asset.

On the other side, we have highly experienced and respected people like Buffett and Munger call bitcoin "deeply flaky" and "rat poison".

In the end you have to look at something's fundamentals, and bitcoin's fundamentals suck more than MySpace did before Facebook came along.
1 guy is an MIT computer literate stud, the other is a fat swiney coca cola loving dud, who knows nothing about computers.

You do really make it tough on us TS

Also, I wonder if you can spot all the contradictory drivel you write, I know you can't because you can't see further than your own nose!
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Old Today, 03:40 PM   #37559
The_Jackal21
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Re: Bitcoins - digital currency

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Originally Posted by ToothSayer View Post
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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Old Today, 03:58 PM   #37560
johnnyBuz
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Re: Bitcoins - digital currency

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Originally Posted by skiier04 View Post
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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Old Today, 07:47 PM   #37561
onemoretimes
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Re: Bitcoins - digital currency

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Originally Posted by johnnyBuz View Post
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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