Show me one hateful post??? You on the other hand for some reason is full with anger and hate just because we have counter opinion. I have never seen you this angry? Wonder why?
Donald Trump picks crypto-friendly as his VP
- Thread starter schizo
- Start date
Show me one hateful post??? You on the other hand for some reason is full with anger and hate just because we have counter opinion. I have never seen you this angry? Wonder why?
I do apologize if you think I came off angry, but I really don't think so, and I don't think my post was hateful at all. I just couldn't believe the 5 pages of negative posts when the big guys at the top have spoken.
I'm just trying to drill it into your heads that it doesn't matter what FUD anyone has. The future VP owns 5 bitcoins!!! Is he gonna let that go to zero? Its not like he has any control anyway. I just think that at this point, bitcoin will be a strategic reserve asset and it makes no sense to argue anymore, but just to make sure you have some. I know you do Duke, so its all good.
I guess I'm tapping into John's energy here and all naysayers he has argued with over the years, and if anyone of us listened to him back then, we'd all be sitting on a beach.
Even Tether now is a strategic reserve asset. They own a significant amount of USTs, and they are willing to work with the government to turn off any address they are told to. And yet people here argue for Tether collapsing. Its insane to be honest.
where do you see me being negative ??? All I said crypto did not solve a single problem, waste lots of energy, and was pushed to absurd levels by Ponzi. All of these are facts. Just like the current price, it is a fact.
I am happy when people make money and told John congratulations many times.
looking to get new coin - TIA
You might have missed this but I mathematically explained why bitcoin is the price it is today and is not a Ponzi scheme any more than gold or fiat is.
Simple math....aside from gold being useless...hard to store ..non transferable...Bitcoin is also more scarce. There are 5.6B ounces of gold which means Bitcoin is 266 times more scarce on a coin : ounce ratio...so Bitcoin should be atleast 266 times more valuable.
$2020*266=538k.
This is why Bitcoin is going parabolic...not because of tether .
No worries,Noah, I haven't been posting much recently, just logging on and clicking likes, until today
Not much of value I can post on ET, I am terrible at predicting short term price movements (refer to Bitcoin price thread
)Bitcoin price going down to the low 50k level was uncomfortable, but not too much pain... I had not been actively trading for a while now
long-term bitcoin and cash/cash-like positions are not a trade
mstr leaps call options was down m2m almost 50% last week was annoying (has since recovered a lot currently only down 11% m2m) but it's nothing new for me
I held mstr call options down over 90% m2m in the past and have come out with over 100% profit, and also mstr call options down over 80% m2m and have come out with ~2000% profit
I did reacquire my popcat holdings recently, higher cost-basis, tho
All that said, I'm just waiting for the heated bull market in bitcoin/cryptos, which I think might start in Uptober but I am done with short term price prognostications so let's pretend I did not say that out loud
Life has been great, every day spending time with family, drinking cappuccinos, taking walks, going out, loving the rain(!) even the resulting traffic allows me to see the surroundings especially the night lights...
such a post is of no value to ET a trading site and thus I haven't posted much
Thanks
I'm honestly not getting too excited anymore, and I also don't think we will get too much action in the alts. I know I'm the newest guy to crypto, but I just don't see the bullrun of 2020 happening again. People aren't locked in homes and there isn't going to be as much stimulus this time around. This will severely limit the upside I think, and especially the alts. I will likely start taking profits on SOL above $200, and just rotate into bitcoin, but what I will do once we approach $100k, I'm not sure.All that said, I'm just waiting for the heated bull market in bitcoin/cryptos, which I think might start in Uptober but I am done with short term price prognostications so let's pretend I did not say that out loud
I had the tiniest position in ENJ that I sold because my exchange told me they will stop supporting this coin... I got $40 for it when the high was maybe $800 or so... LOL... All my other tiny holding, like ADA, DOT, MATIC, FTM are all doing shit. There is no life in these coins. Thank god its all less than 5% of my holdings, and SOL which was maybe 10-20% of my holdings is doing fine, but going forward, I will mostly be in bitcoin. I won't sell these coins because there is no point with them being so heavily down and hence I will maybe get lucky if the bull run happens, but I don't expect it. I will also sell out of my ETH ETF when it goes a bit higher, and rotate that back into bitcoin.
I'm having trouble thinking through how the next year will play out. On the one hand, I think the economy is going to tank, so this will have a negative effect on crypto, even though bitcoin will be fine, and I will never sell until we get that omega candle because I know its coming. But because the economy will go to shit, and I think governments will be reluctant to print like crazy, I just don't see the same bull run as everyone else is expecting. I would love to be proven wrong, and I would love for them to print like crazy, but it makes so much more sense to either buy BITX or MSTR for extra leverage vs. going into the alts, kind of like how you are doing with your options plays.
In a way this is all good. More and more people are learning why bitcoin is different, and hence they are staying away from the meme coins and alts. I'd love to make a shit ton of money in some crazy bull run, but I almost prefer for the legacy system to crash, and the faster the better. Lets just get the major announcements from nation states about their bitcoin adoption, then let this limit the government spending and printing, and then we can hopefully get back to functioning economy based on sound fundamentals. I would be totally happy with that world, even if it means we skip a massive crypto bull run because this will easily 10x bitcoin. A world based on sound money will be so much easier to navigate than what we have now. I'm fully on board with the Parker Lewis theory of "Gradually, then suddenly", and think it can happen much sooner than everyone expects.
Before Tether existed, there was infamous exchange Mt. Gox. This exchange had set up bots that artificially pumped up price of Bitcoin with money they did not have.
This was revealed once their data leaked and they spotted an odd buyer with no funds. The founder of the exchange admitted to the creation of this bot.
So once Mt. Gox pumping bot went out of service as Mt. Gox collapsed, they had to come up with new thing and they came up with Tether.
When it was invented (before 2010), it actually had use case. The only online payment processor was PayPal and credit card processing wasn't really a thing back then.
Bitcoins pitch was as a "peer to peer digital cash"
PayPal had the monopoly on online payments and they were notorious how they limited(closed) accounts en masse.
This is also what happened to wikileaks, so they switched to accepting donations through Bitcoin.
Bitcoin was like a "bank" and "payment processor" with no KYC and that could not be frozen by any government or entity.
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what? Mt gox failed bc they got hacked and somebody stole all the bitcoin it held for customers. What kind of story is this? Lol