Cryptocurrency

[Hardcore troubadour 15,423]

39 minutes ago, GutterBoy said:

It's funny when blue collar workers read articles on brietbart about Bitcoin and think they know economic theory.

It’s even funnier when people that don’t read Brietbart make up stuff about what’s in it. 

[Frozenbeernuts 2,264]

Inflation is awesome!!!!

 

[nobody 2,670]

I've repeatedly... Repeatedly... Said a slow trickle of inflation.  Venezuela had hyperinflation.

But you bring up another beef I have with Bitcoin.  Why on earth would people in the US want to essentially tie US currency to countries like Venezuela, Zimbabwe, and North Korea?  That is essentially what you're advocating if you want to adopt Bitcoin as a world currency.

[Frozenbeernuts 2,264]

15 hours ago, nobody said:

I've repeatedly... Repeatedly... Said a slow trickle of inflation.  Venezuela had hyperinflation.

But you bring up another beef I have with Bitcoin.  Why on earth would people in the US want to essentially tie US currency to countries like Venezuela, Zimbabwe, and North Korea?  That is essentially what you're advocating if you want to adopt Bitcoin as a world currency.

Yes.... you have.... and I pointed out that small inflation turns into large inflation eventually. Eventually the governing body screws it up and creates a major issue. That is what we are looking at now. An added benefit to buying into bitcoin is that it helps people in poor countries who have hyper inflation every single year. Also their hyper inflation should have you worried since we are not immune.

Let's recap, the US has small inflation for decades. Then all of a sudden they decide to print 50% more money in 2020. Not a 50% boost in the years typical printing, 50% of all the dollars ever printed, ever. And it's not stopping. The liberals are having a field day, but even the republicans stopped being fiscally responsible years ago

[tubby_mcgee 701]

On 5/27/2021 at 6:09 AM, peenie said:

My sister explained that the coins were not able to be transferred immediately, only after they get released can she move them to the wallet. She said she can transfer them today. 

They use Trust Wallet. Is that good?

It has the word trust in it. Of course it's good.

[tubby_mcgee 701]

I expect celebs, bigwigs (large investors) who own Bitcoin to go public soon (even more fast and furious than they have already) with "Bitcoin is good, folks!" ,  and  "This is exactly what we expected and its right where we want it. Its too daa mooon from here!", "Bitcoin is the future"  in an attempt to pull its price up.

 

[GutterBoy 2,899]

8 hours ago, Frozenbeernuts said:

Yes.... you have.... and I pointed out that small inflation turns into large inflation eventually. Eventually the governing body screws it up and creates a major issue. That is what we are looking at now. An added benefit to buying into bitcoin is that it helps people in poor countries who have hyper inflation every single year. Also their hyper inflation should have you worried since we are not immune.

Let's recap, the US has small inflation for decades. Then all of a sudden they decide to print 50% more money in 2020. Not a 50% boost in the years typical printing, 50% of all the dollars ever printed, ever. And it's not stopping. The liberals are having a field day, but even the republicans stopped being fiscally responsible years ago

Same logic people used to buy gold in 2008

Btc is not an inflation hedge.  It's a speculative asset.

[tubby_mcgee 701]

26 minutes ago, GutterBoy said:

Same logic people used to buy gold in 2008

Btc is not an inflation hedge.  It's a speculative asset.

Its absolutely a speculative asset. 

IF bitcoin "fails" in whatever sense.... the bitcoiners won't say "Jeez I missed that.  Didn't see it coming.  I guess I didn't know as much as I thought" 

And I'm not talking about this board.  I'm talking bigger scale.

Many will say "Well the only reason it failed is because the government or big banks or this entity or that entity didn't want it getting to big, or they were jealous, or fearful of it hurting their own pockets etc. We should all be millionaires right night, but they (government, big banks etc) took it away from us. "

I say that as I see more and more countries governments siding against Bitcoin.





 

[Cdub100 3,906]

On 5/26/2021 at 11:12 PM, peenie said:

That’s the question he asked me as well.

He said that I should invest in DogeKiller and Poo if I want to make a big profit.

I decided to just stick with $1500 on Bitcoin and $1500 on Ethereum.

I have $1500 left, I respect your advice whatever it is. 
 

Here is a copy of what they did:

Date and time	May 21, 2021 10:19 PDT
Amount	0.03959489 BTC
Exchange rate	@ $37,327.54 / BTC
Subtotal	$1,477.98
Coinbase Fee	$22.02
Total	$1,500.00

Date and time	May 21, 2021 10:18 PDT
Amount	0.59575246 ETH
Exchange rate	@ $2,480.86 / ETH
Subtotal	$1,477.98
Coinbase Fee	$22.02
Total	$1,500.00

That's good and a smart play. If you want a little more risk without getting into literally sh1tcoins like "poo" I'd get.

Cardano ADA

Polkadot DOT

Binance Coin BNB

THETA THETA

There is absolutely nothing wrong with buying more Bitcoin and ETH though.

[Cdub100 3,906]

On 5/27/2021 at 7:09 AM, peenie said:

My sister explained that the coins were not able to be transferred immediately, only after they get released can she move them to the wallet. She said she can transfer them today. 

They use Trust Wallet. Is that good?

Unlike the far superior crypto. It takes regular money a week or more to clear. So when your sister put the money into coinbase they could buy immediately but couldn't move the coins until the bank transfer actually clears. Nothing to worry about.

Where is are you having her send the coins?

[Bert 1,128]

Just to make Cdub's head explode.  Bitcoin miners are evil, china loving, planet destroying scum!  

 

https://www.thesun.co.uk/news/15096237/cops-find-bitcoin-mine/

 

https://oilprice.com/Energy/Energy-General/Attempts-To-Regulate-Bitcoin-Emissions-Are-Pointless.html

[tubby_mcgee 701]

23 minutes ago, Bert said:

https://oilprice.com/Energy/Energy-General/Attempts-To-Regulate-Bitcoin-Emissions-Are-Pointless.html

 

Some folks say that if Bitcoin reaches $70k, it could end up replacing oil. 

[Bert 1,128]

16 minutes ago, tubby_mcgee said:

 

Some folks say that if Bitcoin reaches $70k, it could end up replacing oil. 

[Cdub100 3,906]

40 minutes ago, Bert said:

Just to make Cdub's head explode.  Bitcoin miners are evil, china loving, planet destroying scum!  

 

https://www.thesun.co.uk/news/15096237/cops-find-bitcoin-mine/

 

https://oilprice.com/Energy/Energy-General/Attempts-To-Regulate-Bitcoin-Emissions-Are-Pointless.html

Yeah I saw that. Makes me laugh a drug bust wasn't for drugs. 

Also you mean to tell me the guy pushing solar energy is now pushing that same technology on people who are not the major cause of pollution? I wonder how all those tesla cars are powered?

[Cdub100 3,906]

23 minutes ago, tubby_mcgee said:

 

Some folks say that if Bitcoin reaches $70k, it could end up replacing oil. 

How do I change the BTC in my car?

[Bert 1,128]

1 minute ago, Cdub100 said:

Yeah I saw that. Makes me laugh a drug bust wasn't for drugs. 

Also you mean to tell me the guy pushing solar energy is now pushing that same technology on people who are not the major cause of pollution? I wonder how all those tesla cars are powered?

I was just messing with you.  Have a great weekend.

[Cdub100 3,906]

1 minute ago, Bert said:

I was just messing with you.  Have a great weekend.

It was a serious question does nobody else see what Elon is doing here?

[peenie 1,915]

Btw, my sister’s husband says he doesn’t have money in Coinbase or Binance. He only uses Uniswap and Pancake swap. 
He doesn’t even have Bitcoin. He says he only does small cap coins. (More profitable.)

[Bert 1,128]

6 minutes ago, Cdub100 said:

It was a serious question does nobody else see what Elon is doing here?

Yep.  Most of the Tesla's in the world are powered by fossil fuel generated electricity.  

[Cdub100 3,906]

14 minutes ago, peenie said:

Btw, my sister’s husband says he doesn’t have money in Coinbase or Binance. He only uses Uniswap and Pancake swap. 
He doesn’t even have Bitcoin. He says he only does small cap coins. (More profitable.)

Coinbase Fee

$22.02

 

But he bought your coins on coinbase?

[peenie 1,915]

2 minutes ago, Cdub100 said:

Coinbase Fee

$22.02

 

But he bought your coins on coinbase?

He still has his accounts, he just doesn't use them to buy things for himself anymore. He's switched over to using those other things. He was trying to explain it to me but my head was going to explode trying to understand why. Something about market caps and Bitcoin can only go but so high in value. 

 

[tubby_mcgee 701]

Frail Tom Brady:

https://www.cnn.com/2021/05/20/investing/vitalik-buterin-ethereum-billionaire/index.html

[lod001 1,344]

On 5/26/2021 at 9:21 AM, Cdub100 said:

Nope I only wish I bought more. My average price is $35k. Last year this time is I was focused on Ethereum though and bought bitcoin a little later in the year. Etheruem was $200 at this time.

So now you are on the verge of being underwater on BitTurd. Could have dumped at $60k like the smart $ did. Then bought it right back. Bulls make $, Bears make $. pigs get slaughtered.

[Cdub100 3,906]

1 hour ago, lod001 said:

So now you are on the verge of being underwater on BitTurd. Could have dumped at $60k like the smart $ did. Then bought it right back. Bulls make $, Bears make $. pigs get slaughtered.

Unfortunately, I can't see the future. Since you can will you please tell me the excate numbers I need to buy and sell at, please?

That's why I buy and hold. I've read this weekend will be bumpy, but I don't care. I haven't and will not sell one satoshi.

[Frozenbeernuts 2,264]

I have a little left over to buy an extreme dip.

[tubby_mcgee 701]

5 hours ago, tubby_mcgee said:

Frail Tom Brady:

https://www.cnn.com/2021/05/20/investing/vitalik-buterin-ethereum-billionaire/index.html

 

So does anyone think that guy looks like Tom Brady?

[Frozenbeernuts 2,264]

51 minutes ago, tubby_mcgee said:

 

So does anyone think that guy looks like Tom Brady?

No one cares

[lod001 1,344]

2 hours ago, Cdub100 said:

Unfortunately, I can't see the future. Since you can will you please tell me the excate numbers I need to buy and sell at, please?

That's why I buy and hold. I've read this weekend will be bumpy, but I don't care. I haven't and will not sell one satoshi.

Well, an 80% plus gain in 6 months on a ponzi scheme might be a good idea to sell.

[frank 2,305]

Prediction of doom for this weekend. We’ll see if they are right. https://apple.news/AiB8k6K7ySH23JqcE_LcqfA

[Frozenbeernuts 2,264]

I hope they are. I will scoop up some more cheap sats

[tubby_mcgee 701]

28 minutes ago, Frozenbeernuts said:

I hope they are. I will scoop up some more cheap sats

 

You own Bitcoin, but hope it goes down in price?

[Cdub100 3,906]

11 hours ago, lod001 said:

Well, an 80% plus gain in 6 months on a ponzi scheme might be a good idea to sell.

So when should I buy more this weekend 

[Frozenbeernuts 2,264]

11 minutes ago, tubby_mcgee said:

 

You own Bitcoin, but hope it goes down in price?

Yes. The longer it stays in this price region the more I will be able to buy. I know long term the price is going parabolic, so the short term highs do not matter to me.

[Frozenbeernuts 2,264]

Here is a novel idea

Instead of wanting your money to become less valuable over time via inflation, what if your money became more valuable over time?

People are brainwashed into thinking we need a currency that debases. Let's change that. Go out an buy a small chunk of bitcoin this weekend while the price is suppressed.

[tubby_mcgee 701]

Just now, Frozenbeernuts said:

 I know long term the price is going parabolic, so the short term highs do not matter to me.

You don't KNOW it. You assume and hope it does.

Again.... I hope you make tons of cash...as well as Peenie and CDub.   I'm all for someone making money and bettering themselves.

I just choose other investments.  Good luck.

[Mike Isles 583]

How low do you wait for ?

[Frozenbeernuts 2,264]

5 minutes ago, Mike Isles said:

How low do you wait for ?

It depends. If I owned 0 bitcoin, I would buy right now. Because I own a nice chunk, I'm waiting to see if it drops below 30k

[Frozenbeernuts 2,264]

6 minutes ago, tubby_mcgee said:

You don't KNOW it. You assume and hope it does.

Again.... I hope you make tons of cash...as well as Peenie and CDub.   I'm all for someone making money and bettering themselves.

I just choose other investments.  Good luck.

Well you invest because you believe your asset will appreciate right? I wouldn't invest in bitcoin if I didn't think it would appreciate

[Cdub100 3,906]

11 minutes ago, Mike Isles said:

How low do you wait for ?

Lod0 knows the exact time to buy and sell. Ask him.

[Mike Isles 583]

5 minutes ago, Frozenbeernuts said:

It depends. If I owned 0 bitcoin, I would buy right now. Because I own a nice chunk, I'm waiting to see if it drops below 30k

Thanks. I don’t own 0 but certainly don’t own a decent chunk either. Trying to hold out for lowest $$