Search results

  1. johnarb

    How Bitcoin's vast energy use could burst its bubble - BBC

    It seems bitcoin mining energy usage comes up from time to time. I shared this video on a different thread. 6 minutes from the point of this video for anyone who cares about this topic "Highly profitable use of energy that is location-independent"
  2. johnarb

    Bitcoin is at a tipping point and could become ‘currency of choice’ for global trade, Citi says

    https://www.cnbc.com/2021/03/01/bitcoin-btc-is-at-a-tipping-point-citi-says.html PUBLISHED MON, MAR 1 20217:38 AM ESTUPDATED MON, MAR 1 202112:27 PM EST Ryan Browne@RYAN_BROWNE_ SHARE KEY POINTS Bitcoin could one day “become the currency of choice for international trade,” Citi said in a...
  3. johnarb

    Bitcoin Price Thread

    Thank you for the congrats. Sorry I was not very clear, I already cashed out the bitcoins to US $ and the 6 figure bank account balance cannot fluctuate anymore. The Tesla EV purchase is already made and the US $ for the purchase is already in the bank, but Tesla is an odd car company, you...
  4. johnarb

    Bitcoin Price Thread

    We're having a miscommunication here. I noticed you didn't look into your analogy of early internet companies and crypto companies/people having banking/financial system issues. Early internet companies did not have banking/financial system problems What I meant that Tether has no value to me...
  5. johnarb

    Bitcoin Price Thread

    Let me ask the question back to you, why do you think any of the early internet companies would have any banking relationship problems? Did you ever hear of Amazon or Pets.com having banking problems? Please inform us Now, I told you PayPal, Visa/MC and banks blocked crypto transactions in...
  6. johnarb

    Bitcoin Price Thread

    It's all good, RedDuke, we'll never be able to change each other's minds re: bitcoin fwiw: At about the 12 minute mark, there are excuses to why Bitfinex and Tether came to be shady and untrustworthy. I can relate and have experienced the issue Many years ago, bitcoin and cryptos were shunned...
  7. johnarb

    Bitcoin Price Thread

    From the Cato Institute: https://www.cato.org/sites/cato.org/files/2020-07/Good_Faith-vs-Bad_Faith-Arguments_or_Discussions.pdf From Google:
  8. johnarb

    Bitcoin Price Thread

    RedDuke, you said you listened to the video. This post of yours is Layer 1 and Layer 2 arguments. Please do not cross to Layer 3
  9. johnarb

    Bitcoin Price Thread

    You did not listen to the youtube video I sent you on an earlier post? Here, I start it at the section that's relevant to your delusion. Please listen for 10 minutes from this point https://www.cato.org/sites/cato.org/files/2020-07/Good_Faith-vs-Bad_Faith-Arguments_or_Discussions.pdf
  10. johnarb

    Bitcoin Price Thread

    Fiat is losing value. MSTR used the $250M they had in cash reserves last year to buy bitcoin (replace treasury reserves with digital asset bitcoin) The value of the bitcoins purchased have gone up a lot Cost of borrow of fiat is cheap. They issued senior convertible notes (went over...
  11. johnarb

    Bitcoin Price Thread

    Microstrategy bought another billion $ worth of bitcoins, so....
  12. johnarb

    Tether

    You're very welcome, Sprout! We're all in this together It's very gratifying to read that. I was not able to convince anyone in person over many years, lol
  13. johnarb

    Tether

    Will do! Michael Saylor is great for bitcoin "He graduated from MIT in 1987, with a double major in aeronautics and astronautics; and science, technology, and society."
  14. johnarb

    Tether

    It's my super power. I don't trade on leverage on cryptos, since they are practically like call options with no expiration. I read on twitter many leveraged traders long and short were liquidated the past 2 days.... I sleep well at night and portfolio is doing well and at a level that is...
  15. johnarb

    Bitcoin Price Thread

    The reason you think it was a waste of time is that there is nothing that will convince you that your Tether fud belief is wrong What you fail to acknowledge is that whether you know it or not, you're grasping at a straw (Tether will get shutdown by the US government) that just broke. Remember...
  16. johnarb

    Tether

    That's quite a leap, but let me embrace that. You do understand that this means there's no longer a bitcoin existential risk from Tether, no? case closed icymi, a nice video here https://elitetrader.com/et/threads/bitcoin-price-thread.315402/page-305#post-5331759
  17. johnarb

    Bitcoin Price Thread

  18. johnarb

    Tether

    All the years of Tether fud ended with a fizzle = $18.5M fine and no tether trading in NY It's time to move on or is there another lawsuit?
  19. johnarb

    Tether

    https://www.thestreet.com/investing/new-york-ag-shuts-down-bitfinex-and-tether-trading-in-state
  20. johnarb

    Do you consider Bitcoin's slow transaction speeds as a Major issue?

    been acquiring btc since yesterday at prices higher than $50K, lol, granted value is coming from eth and other eth cryptos It's all good, btc will be higher than $100K within 6 months...
Back
Top