Based_Christian_Dude
Catholic
@Alaskanon Did you get to recording that video? Curious to know what you think of the Bitcoin Core situation.
The funniest part about your lack of awareness regarding this topic, and your inability to study what money is, and thus what BTC is - is that the ultimate inversion is about to happen to you, because I don't think you are that old. And when I say "about" I don't mean 2-3 years, but I guess that's possible if you end up being really unlucky and things progress faster than I think they will.
You are going to get rug pulled so hard, but you think the rug pulling is going to be on those who hold BTC.
You think the game is fiat, but the powers that be are (and still arriving late) finally figuring out that the change from fake fiat to something REAL and truly money = digital scarcity, and the most pristine asset ever discovered/invented, is all they ever needed to turn the tables and make most people peasants overnight. Think about how they would love that, and then think about how you won't be one of the people holding the only asset that cannot be debased.
You'll reply that you can just go be Uncle Ted, you can live with the native Americans out in Kumbaya-land, and that somehow the "jew system" of money (what this ISN'T) won't infiltrate you.
You are lost, Urkel. But it's not because you are going and doing something you believe in. That is great. It's because you are totally clueless about this subject you speak on. I just hope others who read this see how looney you are, and how BTC makes sense. The issue is, one has to do real, hard work and have the capacity to understand it. That's not most people, quite clearly - since it is required to have conviction and stave off fear, as VOL is what drives disruption to GAINZ you can't even imagine - but are currently witnessing daily.
The grid going down is not a valid reason to not own Bitcoin. That is like saying don't buy stocks because they will get trashed if nuclear war breaks out.
The reality is that if the grid goes down long term just look at what the world's population was before electricity. Before electricity became widespread the world's population was around 1 billion. And that is what it will go back down to if electricity goes down permanently worldwide as the world cannot support a population of 8+ billion without electricity. So if the grid goes down people will be worried about not dying rather than their investment portfolios.
Having said that the grid going down is a valid reason to own some physical precious metals as a contingency plan which is what I do. My investments are over 90% Bitcoin with the remainder in a mix of mostly precious metals and a small amount of other cryptos (aka shitcoins). My precious metals amount to tens of thousands worth which gives me plenty of breathing space to come up with a plan in a grid down scenario.
The reality is that if the grid goes down long term just look at what the world's population was before electricity. Before electricity became widespread the world's population was around 1 billion. And that is what it will go back down to if electricity goes down permanently worldwide as the world cannot support a population of 8+ billion without electricity. So if the grid goes down people will be worried about not dying rather than their investment portfolios.
Having said that the grid going down is a valid reason to own some physical precious metals as a contingency plan which is what I do. My investments are over 90% Bitcoin with the remainder in a mix of mostly precious metals and a small amount of other cryptos (aka shitcoins). My precious metals amount to tens of thousands worth which gives me plenty of breathing space to come up with a plan in a grid down scenario.
I didn’t know anyone was being serious by saying bitcoin will be worthless because we could lose the power grid. That honestly means nothing because you don’t need a power grid to buy and sell bitcoin you can do that P to P, person to person, to buy property or any other large purchase.
In other news, it looks like Ethereum is pumping, much faster than bitcoin is. That bodes well for an alt coin season. It hasn’t happened yet, but it certainly could. If there’s any coins, you want to buy that you’ve had your eye on or wheeled up on now it’s probably the time to do it if you haven’t done so already.
coinmarketcap.com
The fear and greed index is 74 but the season index is still pretty low. It’s in the 30s.
That basically shows there’s a lot of people buying but money hasn’t flowed into the smaller all coins just yet. It’s flowing from people, selling, bitcoin, and buying Ethereum.
Basically, we are firmly in phase 2 right now, if we get a new all-time high for Ethereum and it starts going crazy high prices for Ethereum, we will like we see money flow from Ethereum as people sell Ethereum and buy large cap, coins, and small cap coins
In other news, it looks like Ethereum is pumping, much faster than bitcoin is. That bodes well for an alt coin season. It hasn’t happened yet, but it certainly could. If there’s any coins, you want to buy that you’ve had your eye on or wheeled up on now it’s probably the time to do it if you haven’t done so already.
Crypto Fear and Greed Index | CoinMarketCap
Discover the CMC Fear and Greed Index, a powerful tool that analyzes market sentiment to help you make informed crypto investment decisions.Stay ahead of market trends with real-time and historical data available through our easy-to-use API.
coinmarketcap.com
The fear and greed index is 74 but the season index is still pretty low. It’s in the 30s.
That basically shows there’s a lot of people buying but money hasn’t flowed into the smaller all coins just yet. It’s flowing from people, selling, bitcoin, and buying Ethereum.
Basically, we are firmly in phase 2 right now, if we get a new all-time high for Ethereum and it starts going crazy high prices for Ethereum, we will like we see money flow from Ethereum as people sell Ethereum and buy large cap, coins, and small cap coins
I been meaning to offload my crypto for a while. I sold some of them around last year November when the fear and greed index was in the extreme end. I thought the euphoria going to last longer then it did and also expected the price pump to be higher so I ended up only selling a small bit of my stash. If we hit the same range in the index again I'm going to be quicker about getting rid of everything.
I didn’t know anyone was being serious by saying bitcoin will be worthless because we could lose the power grid. That honestly means nothing because you don’t need a power grid to buy and sell bitcoin you can do that P to P, person to person, to buy property or any other large purchase.
In other news, it looks like Ethereum is pumping, much faster than bitcoin is. That bodes well for an alt coin season. It hasn’t happened yet, but it certainly could. If there’s any coins, you want to buy that you’ve had your eye on or wheeled up on now it’s probably the time to do it if you haven’t done so already.
Crypto Fear and Greed Index | CoinMarketCap
Discover the CMC Fear and Greed Index, a powerful tool that analyzes market sentiment to help you make informed crypto investment decisions.Stay ahead of market trends with real-time and historical data available through our easy-to-use API.
The fear and greed index is 74 but the season index is still pretty low. It’s in the 30s.
That basically shows there’s a lot of people buying but money hasn’t flowed into the smaller all coins just yet. It’s flowing from people, selling, bitcoin, and buying Ethereum.
View attachment 20941
Basically, we are firmly in phase 2 right now, if we get a new all-time high for Ethereum and it starts going crazy high prices for Ethereum, we will like we see money flow from Ethereum as people sell Ethereum and buy large cap, coins, and small cap coins
Can confirm. Bought ETH last month and almost 70% up
Maybe there should be a dedicated alt coin thread like on the old forum? TBH I find the arguments in here about whether BTC is money or what will happen to the network in the event of the apocalypse entirely pointless. Makes me not even want to bother looking at the thread when get notified.
Would much rather read practical stuff about what people think will happen with the market or potential good coins to get into.
I mean, there was a shit coin thread, but people stopped posting there and just started posting here.
If you want to try to say, we should have a thread for guys who can tell us how wrong we are for putting money into cryptocurrency?
I can understand that there’s certainly a place for it and a lot of guys interested in saying how bad cryptocurrency is.. all of that discussion has defaulted to this thread. I don’t see the point in arguing about it, a lot of guys simply just don’t get cryptocurrency by its very nature and that’s totally fine.
If you want to try to say, we should have a thread for guys who can tell us how wrong we are for putting money into cryptocurrency?
I can understand that there’s certainly a place for it and a lot of guys interested in saying how bad cryptocurrency is.. all of that discussion has defaulted to this thread. I don’t see the point in arguing about it, a lot of guys simply just don’t get cryptocurrency by its very nature and that’s totally fine.
Yeah well then maybe need a 3rd one too: 'The bitter nocoiners eternal circle jerk thread'
I agree at this point there needs to be a separate "Bitcoin and cryptocurrencies criticism thread". Just like with the Donald Trump criticism thread and the Russian regime criticism thread. There is now enough criticism of crypto to the point it is clogging up the thread.
Ross Ulbricht going on tour, selling some collectibles to fund it
What good is money doing you when you're an atheist living with your parents in Australia and can't lock down a teenage virgin Christian wife in Albania? To add to your CiK "resume" of greed and lust we can now add degenerate crypto gambler to the list.
Yeah, yeah, yeah, we know, it's whatever you say it is Mr. Goalpost Shifter, except the one thing that it actually is, which is gambling.
Steak n shake launching bitcoin payments today
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In most countries nobody wants to pay with Bitcoin or other cryptos because of the tax situation. I think if the tax laws change that will change also.
Steak ‘n Shake report:
I haven’t been to one for a long time, probably 7 years! There aren’t any waiters any longer, you simply order at the screen and they put your food on the counter.
I got a triple steak burger $7, large beef tallow fries $3 and a coffee at $1.50…all together about 13,000 sats including tax. Taste was good, and payment easy…just tap the button to pay with bitcoin, scan the QR code with phone, approve the amount and the lightning payment went through in about 3 seconds - faster than waiting on the chip reader for a credit card. Now they just need to offer a discount for bitcoin since the payment processing is much cheaper than credit cards.
I haven’t been to one for a long time, probably 7 years! There aren’t any waiters any longer, you simply order at the screen and they put your food on the counter.
I got a triple steak burger $7, large beef tallow fries $3 and a coffee at $1.50…all together about 13,000 sats including tax. Taste was good, and payment easy…just tap the button to pay with bitcoin, scan the QR code with phone, approve the amount and the lightning payment went through in about 3 seconds - faster than waiting on the chip reader for a credit card. Now they just need to offer a discount for bitcoin since the payment processing is much cheaper than credit cards.
Don't you have to pay capital gains tax when you pay using Bitcoin?
Lightning doesn’t touch on-chain, and all my channels are funded with post mixed UTXOs. But of course I’ll pay exactly what I owe in taxes.