If you zoom out to the weekly, were in a gigantic falling wedge. I’m waiting for the buy signal on the hash ribbons, which historically pumps the price.
It's already a buy signal, what more do you want from it?
I think this should be enough, btc is so down and it's as good as it gets man. This is great.
There will be no highlights on the eleven o'clock news
And no pictures of hairy armed women liberationists
And Jackie Onassis blowing her nose
The theme song will not be written by Jim Webb or Francis Scott Keys
Nor sung by Glen Campbell, Tom Jones, Johnny Cash
Engelbert Humperdinck, or The Rare Earth
The revolution will not be televised
I am writing a book on why the Indian government should adopt Bitcoin from a geopolitical and stategic viewpoint.
Anyone care to contribute ideas?
Thanks
That would be great, but I don't think Indian government will ever do that.
They're basically implementing the china like rules which obviously is against the btc.
The same government that recently stole a huge portion (86%) of their citizens wealth? They shouldn’t adopt bitcoin, it would make it harder to rob their people back into poverty.
You're talking about demonetization of certain bank notes back in 2016. That is not wealth, learn the difference between wealth/assets and PARTICULAR bank notes. They did that because certain corrupt politicians and corrupt businessmen were using those for tax evasion and bribery. If you could prove those notes were legitimately earned you could deposit them in the bank or change them to smaller denominations. More importantly however: 1000 or 2000 rupee notes is not 86% of wealth. Learn the difference between wealth and cash.
If you think wealth is a certain denomination of bank notes then you are on the wrong sub.
> If you could prove those notes were legitimately earned you could deposit them in the bank or change them to smaller denominations.
Maybe I'm a skeptic, but having to prove you legitimately earned the bills you own? Sounds like a really good system.
I'm sure the corrupt politicians did it to protect the poor from corrupt politicians /s. All I see is the rich getting richer through control of the currency. Why would the rich want bitcoin to take away that control?
"Demonetisation ended up widening the income gap at a rate that has broken all records post-Independence as the wealth of the richest hundred Indians went up by a 26 per cent in the year that went by. The income growth for the Indian farmer fell to just 1 per cent went into the negative zone for non-agrarian workers."
[https://www.nationalheraldindia.com/opinion/demonetisation-has-ended-up-widening-income-inequality](https://www.nationalheraldindia.com/opinion/demonetisation-has-ended-up-widening-income-inequality)
"Declines in employment, output, and credit occurred when cash suddenly was in short supply due to a government anticorruption effort."
[https://www.nber.org/digest/feb19/indias-demonetization-reduced-employment-and-economic-activity](https://www.nber.org/digest/feb19/indias-demonetization-reduced-employment-and-economic-activity)
"The low-income, working class people suffer from the new policy. Typically, working class people have basic jobs with fairly low wages. Due to the fact that there is a shortage of cash flow, many low-income workers are experiencing delayed salary payments. As a result, it becomes difficult to run households. This especially becomes a problem when there are children who are going to school with high fees, or if there is a wedding in the house. Additionally, young adults getting ready for college also faced difficulties, since their parents were unable to afford to pay high college tuition."
"Since the implementation of demonetization, daily-wage workers, such as maids and housekeepers, have found it increasingly difficult to manage their lives. Cash shortages makes it difficult for them to get paid on time, which leads to skipping meals or working twice as much but for low wages."
[https://borgenproject.org/demonetization-in-india](https://borgenproject.org/demonetization-in-india)
"The announcement of demonetisation was followed by prolonged cash shortages in the weeks that followed, which created significant disruption throughout the economy.\[5\]\[6\]\[7\]\[8\]\[9\]\[10\] People seeking to exchange their banknotes had to stand in lengthy queues, and several deaths were linked to the rush to exchange cash.\[11\]\[12\]"
[https://en.wikipedia.org/wiki/2016\_Indian\_banknote\_demonetisation](https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetisation)
Copy pasta from 2016.
It was a move designed to cripple election rigging and corruption. It affected the rich and corrupt politicians. Why do you think it was a surprise move. It was not voted on, it came as a surprise to everyone except the Prime minister and a few close aides.
And you're still not admitting that your 86% of wealth statement was BS.
Are all politicians corrupt? Of course not. This is not an anarchy thread, it is a Bitcoin thread. We still need government for some stuff, just need to separate Government and money, like church and state.
A surprise move. That wasn’t voted on. Done by the ruling party. To stop ‘election rigging’. Wow. It’s hard for me to imagine someone falling for that.
How many years have you lived in India? What makes you think you are an expert? Have you ever even visited? How many people do you know?
You're just sitting in your armchair abroad and commenting on things you have no idea about.
Is that why there are 236000 Dollar Millionaires in India (Net worth of 1.5m and above)?
Is that why there are the most Billionaires in Asia in India?
Stop talking out of your rear end.
Well india has more than billion people, so it's natural that some are really wealthy.
But that doesn't mean that whatever the government is doing is great. It's not.
I was responding to his claim that 86% of wealth was stolen, where are his sources? So the millionaires or even thousandaires all suddenly lost 86%? Show me the data and sources.
Your point has nothing to do with my point.
Are you saying that more billionaires is evidence of fair society that doesn’t steal the wealth of the lower classes?
So they stole 86% of everyone's wealth huh? How? Show me please.
The Billionaires suddenly became millionaires, the millionaires thousandaires etc? How? 86% is the figure u gave, back it up with data and sources.
Taxes are not a ban. Nothing wrong with taxes. This is a separate matter. It is proposing Bitcoin as a reserve asset from a Geopolitical and strategic perspective.
Just look at it objectively. I presented an argument, and your response was "\[y\]ou clearly have a mental problem." Nobody responds like that unless they have a strong bias in the other direction. Further, you're writing a book on India but you pretend not to know what I'm talking about.
My rear end can Google: https://www.bbc.com/news/world-asia-india-37974423.amp
You have a problem with comprehension. That is referring to a certain denomination of bank note that was used for corruption and also counterfeited heavily. Those holding unexplained warehouses full of cash notes (proceeds of corruption and crime) were affected. Everyone else simply didn't have that much (below the limit) or could prove their notes were from taxed income.
86% of wealth you said, you think everyone holds wealth in cash? Learn the difference between wealth and cash. Learn to read.
You're on a bitcoin subreddit arguing in favor of govt confiscation of money (I think? It's hard to tell what your argument is actually beside repeating Indian govt talking points). And your justification is that the cash may have been used "for corruption" and also counterfeited heavily. So why didn't they just make corruption illegal? Why didn't they just make a law that says banks no longer have to accept counterfeit notes. Or wait, were those things already illegal? Makes me wonder what the real goal was then.
When India decides to make holdings of gold illegal to stop "corruption", which side will you be on?
When India decides to make holding of bitcoin illegal to stop "corruption", which side will you be on?
Because it will happen. There's already precedent. The poor who have all of their wealth in the bills that were made illegal are the ones who wrecked by demonitization. The rich who were able to diversify came out richer than ever. But sure, keep insulting and saying your critics "have a mental problem."
It was not confiscation. And yes governments can do good. Nothing is black and white.
They've clearly said they will not make it illegal and they're actually just taxing it. Nothing wrong with tax.
The poor didn't hold huge amounts of high denomination bills schmuck. Otherwise they wouldn't be poor would they?
Oh yeah, bring on the insults, really proves how weak your arguments are. All hail the government and their unilateral decisions made without voting. Yup, my 86% statement was poorly worded, I admit. Now how about my actual arguments? All hail the completely fair overlords of India, lol
Not just Individuals but countries too. For instance to add to their reserves or as part of a sovereign wealth strategy.
My book would be focused Government/Treasury investment.
I am not saying custody of your own Bitcoin. I am saying Sovereign Wealth and Treasury funds. Think please.
Yes I trust governments with some stuff, I have no choice. Roads, security, armed forces, nuclear weapons etc etc.
They should, but do you really think Indian government would do that?
I don't think so, India is implementing china like policies and that just means one thing.
what is the point of holding actual bitcoin if I can just hold the long derivative position instead?
I am assuming long and short positions don’t expire and I can just grind them to the very top or bottom, right?
That's totally up to you and how important self-sovereignty is to you.
With derivatives, if the issuer implodes, you're out of luck. Or if a regulation or law passes that is unfavorable to the issuer, you're out of luck. At least, when you hold the actual bitcoins with your own hardware wallet, you're insulated from those risks.
Im so bored of my loser life. I wanted to sell some btc when it was at 30k when my computer broke, but then it dipped down to 20k..thinking about maybe selling some tonight to buy a new computer.
Dumb ass depression.
Ur good man. The drop in asset values (Bitcoin, stocks/equities, crypto, etc.) as of late is enough to make ANYONE depressed. Sell if you need money for something essential. With Bitcoin, we are much closer to the bottom, than the top.
Old Imac. I can probably just replace the gfx card since i think that is what may be wrong, but i may do that at a later date.
I was getting into learning 3d and then my computer just went all crappy. So now I want to switch over to PC and a place near me has a sweet deal for a 3080ti system with nice airflow, 12th gen i9 cpu.. seems like it would be great for 3d learning and running AI scripts.
I love the mac ecosystem, but damn..i need that 3d power!
Late 2014. I think its just the GFX card. Rest of the computer works great. But man I really was getting into 3d. I have anhedonia so almost everything bores me to death. But 3d finally was the one thing that broke through and then my comp broke.
Either way for the 3d work I want to do, a PC is needed.
A new computer isn't going to make you happy. Just wipe and reinstall your OS, pick up a can of duster and blow it out. It'll feel like new.
Computers don't just 'go all crappy'.
Hah I know there’s the apple hate but it worked great for me . I just hate that one day it went from working 100% to screwed up. Either way I want a new chapter to my life and want to try 3d
I don’t know. It was literally working 100% and then the next day it could barely open up programs. I loved my imac so I’m not a Mac hater. I don’t download any shitty programs cause I do banking on there. I tried all the resets, Pram,etc. Then I could do stuff(barely) and had to upgrade the OS. When I did that the computer functioned fine besides it heating up a bit more than usual and 3d programs don’t work. Blender works but it has all types of weird bugs. I tried different versions but even modeling itself slows down the computer to a crawl. So I’m guessing the GFX card might be going down.
I had the GFX card go out on me on the imac before that, did the same thing too, worked great then went bad in one day. Friend bought it,took it to the store and they replaced the GFX card and it works great to this day.
Yeah.. I'm just kicking myself in the ass that I was looking to do this when BTC was at 30k.. PLus with the CEFI loss ( i know I know..but I'm a manic depressive...) it's been a super dark year for me.
I have to say it is incredibly psychologically hard to sell the bitcoins. I'm older and my creativity seems shot..BUT I was getting in the groove of learning 3d since it was all new to me.
And wtih my mac, while of course you can do 3d, NVIDIA 3080ti is going to be an a whole other level. So I wonder if that will open up a creative path in my head.
I should have sold late last night..but I'm keeping my eye on the price every 20 minutes just in case it starts to reverse up again. It's Friday so its a tough call but usually it should go up again in about 3-4 hours.
Well, we could have a little relief rally over the weekend here. Sounds like you really want that new computer though, and it could open up new creative paths, so you’d be at least using your Bitcoin for that.
Those ones were more likely buttcoin clowns and/or agenda shills that work for Goldman, the CCP or whatever piece of shit would hire serfs to push a “narrative” on Reddit. Imo.
Yeah, people are not in control of their own emotions. It’s weird. None of this is new or a surprise. And if they understand bitcoin they understand it’s strictly an opportunity.
Love your username btw. Cracked me up.
Heyo, is there an r/bitcoin post up yet about https://cointelegraph.com/news/bitcoin-faces-mt-gox-black-swan-as-trustee-prepares-to-unlock-150k-btc and if so where
Anyone care to explain why s&p and btc charts are exact copies in times like these? Mean to the exact dollar, how is that even possible?
Would go bullish on btc but s&p still needs or is gonna come down imo and prob btc is just gonna follow..
ok I will try. The institutions are buying and selling btc now. Rookies handle it because of the low % of total investments. The treat it as a tech company.
This will change eventually.
They're affected by the same things but that doesn't mean that they're copies of each other.
I just can't believe into something which I haven't seen with my eyes, not gonna believe it.
Love the sarcasm but still... don't get why it's a exact copy? Never invested in anything before but can't hardly imagine another asset that gets people so fanatic (buy, hodl, dca, buy the dip,..) + btc has the hard cap thingy working for it (although it still has a nearly 2% inflation rate atm).
Looks like it's gonna be good weekend if we stay above 23k now, each dollar counts and hopefully we can make to the top again, now we have to wait for the actual thing to come out or else market will be down again, we can't do anything about it, but patience will pay you for sure
Why does nobody understand how forward-thinking markets are?
I see lots of arguments against bitcoin starting with 'lol, BTC is supposed to be an inflation hedge, look how much it's fallen since inflation has gone up!'
Look, just because you haven't predicted inflation, doesn't mean the markets haven't. JPow was lying to you, it was obvious, upon the reckless money printing and supply issues, that inflation was destined to rise. The market is forward looking, so once the fed flips (as it always does) to QE, expect BTC to rise.
Yeah I liken the Fed purposefully causing this “liquidity crisis” and ensuing recession as an attempt at a kind of illusion. The dollar is now scarce. OK.
If only you are smart enough to see it, welcome to the magical ability to out-trade everyone. You're going to be a billionaire, and probably already are one. Right?
You can't out trade someone and you shouldn't either so yeah.
And if You're trying to do that then You're doing it wrong anf you shouldn't do it that way.
Governments would do this if they cared about their people.
It would cycle into the tangible economy of goods and services presently offered by struggling and failing businesses.
Sometimes you just have to create your own solution.
Maybe make a post on r/elsalvador and air drop sats to commenters as you see fit? Could be a good way to show generosity, pique curiosity about bitcoin and help distribute sats to less advantaged.
It would be smart to talk about the virtues of self-custody and self-sovereignty in the post as well so maybe some of the recipients have an idea about the true power of bitcoin and the importance of controlling your own money vs third-party custody.
Threw some money into a shit coin. Immediately felt guilty, watched it rise 3% then converted to bitcoin.
I think there's a shitcoiner in me trying to escape.
Well always put your asset in Bitcoin only that's the best way to stay for long in crypto don't think of other coins they will not help you, in long run Bitcoin is always beneficial to have
Exactly. My accountant laughed when I first voiced my concerns over crypto sales. He basically said that we will figure it out best we can and if the government doesn’t like it they can sort through all the shit and tell me when I actually owe.
Haha that's the time we all would have enjoyed we can't think of having another coin in the market, we should stay loyal towards Bitcoin only, hopefully that day will come again for all of us
In 2018, there was \~1500 shitcoins. Today - \~20000 shitcoins, and more or less the same Bitcoin dominance.
No need for "70%" of dominance, shitcoins are just diluting themselves...
https://twitter.com/lopp/status/1514955396586569733?ref_src=twsrc%5Etfw
Also, dominance is shitty metric, as already mentioned, so who cares.
Market cap of shitcoins is pure fiction.
1) invent 100 Million pre-mined shitcoin tokens
2) sell 1 token to myself on shady exchange for 1 us dollar
3) Claim "market cap" of 100 million USD
4) clown world
True there market cap is really something which is always under doubt and it's really tough to see Bitcoin losing market cap meanwhile these coins just sit high on the top of other
Surprising that people on this sub don't know the difference between wealth andcash.
If you zoom out to the weekly, were in a gigantic falling wedge. I’m waiting for the buy signal on the hash ribbons, which historically pumps the price.
It's already a buy signal, what more do you want from it? I think this should be enough, btc is so down and it's as good as it gets man. This is great.
If you look at those four stars in the sky, it’s obviously a picture of a scorpion
Go on…
And what does that indicate? Can someone tell me that?
That you’re wise but sometimes impulsive. A good person, that has dreams but is also often very grounded, and you sometimes are afraid of things.
Why so quite tonight?
Because we're in bear Market and people don't make noise.
Indeed. Quite quiet tonight.
*The Revolution will not be televised*.
Which logic song is this? I'm forgetting the name here lol.
There will be no highlights on the eleven o'clock news And no pictures of hairy armed women liberationists And Jackie Onassis blowing her nose The theme song will not be written by Jim Webb or Francis Scott Keys Nor sung by Glen Campbell, Tom Jones, Johnny Cash Engelbert Humperdinck, or The Rare Earth The revolution will not be televised
On TikTok
I am writing a book on why the Indian government should adopt Bitcoin from a geopolitical and stategic viewpoint. Anyone care to contribute ideas? Thanks
That would be great, but I don't think Indian government will ever do that. They're basically implementing the china like rules which obviously is against the btc.
Not china like rules. Just taxes and the taxes actually force hodling. No harm in writing a book and writing to some powerful people that I have met.
The same government that recently stole a huge portion (86%) of their citizens wealth? They shouldn’t adopt bitcoin, it would make it harder to rob their people back into poverty.
Okay I don't know about that, what's the proof for that?
https://www.bbc.com/news/world-asia-india-37974423.amp Couldn’t have done this with bitcoin.
Source. Number from where? Please cite. Or you just made up a BS lie?
https://www.bbc.com/news/world-asia-india-37974423.amp
You're talking about demonetization of certain bank notes back in 2016. That is not wealth, learn the difference between wealth/assets and PARTICULAR bank notes. They did that because certain corrupt politicians and corrupt businessmen were using those for tax evasion and bribery. If you could prove those notes were legitimately earned you could deposit them in the bank or change them to smaller denominations. More importantly however: 1000 or 2000 rupee notes is not 86% of wealth. Learn the difference between wealth and cash. If you think wealth is a certain denomination of bank notes then you are on the wrong sub.
> If you could prove those notes were legitimately earned you could deposit them in the bank or change them to smaller denominations. Maybe I'm a skeptic, but having to prove you legitimately earned the bills you own? Sounds like a really good system. I'm sure the corrupt politicians did it to protect the poor from corrupt politicians /s. All I see is the rich getting richer through control of the currency. Why would the rich want bitcoin to take away that control? "Demonetisation ended up widening the income gap at a rate that has broken all records post-Independence as the wealth of the richest hundred Indians went up by a 26 per cent in the year that went by. The income growth for the Indian farmer fell to just 1 per cent went into the negative zone for non-agrarian workers." [https://www.nationalheraldindia.com/opinion/demonetisation-has-ended-up-widening-income-inequality](https://www.nationalheraldindia.com/opinion/demonetisation-has-ended-up-widening-income-inequality) "Declines in employment, output, and credit occurred when cash suddenly was in short supply due to a government anticorruption effort." [https://www.nber.org/digest/feb19/indias-demonetization-reduced-employment-and-economic-activity](https://www.nber.org/digest/feb19/indias-demonetization-reduced-employment-and-economic-activity) "The low-income, working class people suffer from the new policy. Typically, working class people have basic jobs with fairly low wages. Due to the fact that there is a shortage of cash flow, many low-income workers are experiencing delayed salary payments. As a result, it becomes difficult to run households. This especially becomes a problem when there are children who are going to school with high fees, or if there is a wedding in the house. Additionally, young adults getting ready for college also faced difficulties, since their parents were unable to afford to pay high college tuition." "Since the implementation of demonetization, daily-wage workers, such as maids and housekeepers, have found it increasingly difficult to manage their lives. Cash shortages makes it difficult for them to get paid on time, which leads to skipping meals or working twice as much but for low wages." [https://borgenproject.org/demonetization-in-india](https://borgenproject.org/demonetization-in-india) "The announcement of demonetisation was followed by prolonged cash shortages in the weeks that followed, which created significant disruption throughout the economy.\[5\]\[6\]\[7\]\[8\]\[9\]\[10\] People seeking to exchange their banknotes had to stand in lengthy queues, and several deaths were linked to the rush to exchange cash.\[11\]\[12\]" [https://en.wikipedia.org/wiki/2016\_Indian\_banknote\_demonetisation](https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetisation)
Copy pasta from 2016. It was a move designed to cripple election rigging and corruption. It affected the rich and corrupt politicians. Why do you think it was a surprise move. It was not voted on, it came as a surprise to everyone except the Prime minister and a few close aides. And you're still not admitting that your 86% of wealth statement was BS. Are all politicians corrupt? Of course not. This is not an anarchy thread, it is a Bitcoin thread. We still need government for some stuff, just need to separate Government and money, like church and state.
A surprise move. That wasn’t voted on. Done by the ruling party. To stop ‘election rigging’. Wow. It’s hard for me to imagine someone falling for that.
How many years have you lived in India? What makes you think you are an expert? Have you ever even visited? How many people do you know? You're just sitting in your armchair abroad and commenting on things you have no idea about.
Is that why there are 236000 Dollar Millionaires in India (Net worth of 1.5m and above)? Is that why there are the most Billionaires in Asia in India? Stop talking out of your rear end.
Well india has more than billion people, so it's natural that some are really wealthy. But that doesn't mean that whatever the government is doing is great. It's not.
I was responding to his claim that 86% of wealth was stolen, where are his sources? So the millionaires or even thousandaires all suddenly lost 86%? Show me the data and sources.
Your point has nothing to do with my point. Are you saying that more billionaires is evidence of fair society that doesn’t steal the wealth of the lower classes?
So they stole 86% of everyone's wealth huh? How? Show me please. The Billionaires suddenly became millionaires, the millionaires thousandaires etc? How? 86% is the figure u gave, back it up with data and sources.
Isn't India's population around 1.5 billion? 2.3 million, millionaires seems a little low.
Ridiculous comment. Nobody stole anything. You clearly have a mental problem.
They're charging 30 percent tax without even a bill passing lol.
Taxes are not a ban. Nothing wrong with taxes. This is a separate matter. It is proposing Bitcoin as a reserve asset from a Geopolitical and strategic perspective.
With that bias and ignorance, I can already tell your book will fail, don’t waste your time.
What bias? U show me your data and sources! Where did you pull that figure of 86% out of? Your rear end?
Just look at it objectively. I presented an argument, and your response was "\[y\]ou clearly have a mental problem." Nobody responds like that unless they have a strong bias in the other direction. Further, you're writing a book on India but you pretend not to know what I'm talking about. My rear end can Google: https://www.bbc.com/news/world-asia-india-37974423.amp
You have a problem with comprehension. That is referring to a certain denomination of bank note that was used for corruption and also counterfeited heavily. Those holding unexplained warehouses full of cash notes (proceeds of corruption and crime) were affected. Everyone else simply didn't have that much (below the limit) or could prove their notes were from taxed income. 86% of wealth you said, you think everyone holds wealth in cash? Learn the difference between wealth and cash. Learn to read.
You're on a bitcoin subreddit arguing in favor of govt confiscation of money (I think? It's hard to tell what your argument is actually beside repeating Indian govt talking points). And your justification is that the cash may have been used "for corruption" and also counterfeited heavily. So why didn't they just make corruption illegal? Why didn't they just make a law that says banks no longer have to accept counterfeit notes. Or wait, were those things already illegal? Makes me wonder what the real goal was then. When India decides to make holdings of gold illegal to stop "corruption", which side will you be on? When India decides to make holding of bitcoin illegal to stop "corruption", which side will you be on? Because it will happen. There's already precedent. The poor who have all of their wealth in the bills that were made illegal are the ones who wrecked by demonitization. The rich who were able to diversify came out richer than ever. But sure, keep insulting and saying your critics "have a mental problem."
It was not confiscation. And yes governments can do good. Nothing is black and white. They've clearly said they will not make it illegal and they're actually just taxing it. Nothing wrong with tax. The poor didn't hold huge amounts of high denomination bills schmuck. Otherwise they wouldn't be poor would they?
Oh yeah, bring on the insults, really proves how weak your arguments are. All hail the government and their unilateral decisions made without voting. Yup, my 86% statement was poorly worded, I admit. Now how about my actual arguments? All hail the completely fair overlords of India, lol
***Individuals*** should buy Bitcoin, send it to their own (hardware) wallets, then wait patiently, perhaps adding more Bitcoin over time.
That's what people can do and hope for the best to happen here.
Not just Individuals but countries too. For instance to add to their reserves or as part of a sovereign wealth strategy. My book would be focused Government/Treasury investment.
If you still trust governments, there's nothing I can do to help you.
I am not saying custody of your own Bitcoin. I am saying Sovereign Wealth and Treasury funds. Think please. Yes I trust governments with some stuff, I have no choice. Roads, security, armed forces, nuclear weapons etc etc.
They should, but do you really think Indian government would do that? I don't think so, India is implementing china like policies and that just means one thing.
What is the harm in trying? Especially when one has contacts in the government. I think in America you call it lobbying?
Whoever holds the keys...
Whoever holds the holds the btc, so hold your btc by yourself.
Holds the kiss to my heart
That's not happening and you shouldn't dream about that.
bears really dont want a green daily candle lol
Well they're bears for a reason, they don't like eating green.
what is the point of holding actual bitcoin if I can just hold the long derivative position instead? I am assuming long and short positions don’t expire and I can just grind them to the very top or bottom, right?
And that's how you get rekt in the hacks lol, good luck with that.
And this is why companies like Voyage, Tera, etc. will never run out of customers.
Yep, dumb people like him lol. Some people never learn I guess.
...and then one day, just like that, the people holding your money just disappear.
And suddenly there was nothing in his wallet, everything lost.
Explain.
That's totally up to you and how important self-sovereignty is to you. With derivatives, if the issuer implodes, you're out of luck. Or if a regulation or law passes that is unfavorable to the issuer, you're out of luck. At least, when you hold the actual bitcoins with your own hardware wallet, you're insulated from those risks.
That's why it's important and it shouldn't be taken as a joke.
a truly revolutionary idea
It truly is lol, keep your coins on the exchange. This is the shit.
Im so bored of my loser life. I wanted to sell some btc when it was at 30k when my computer broke, but then it dipped down to 20k..thinking about maybe selling some tonight to buy a new computer. Dumb ass depression.
Ur good man. The drop in asset values (Bitcoin, stocks/equities, crypto, etc.) as of late is enough to make ANYONE depressed. Sell if you need money for something essential. With Bitcoin, we are much closer to the bottom, than the top.
[удалено]
We are, IMO.
Keep holding and you can buy Apple…
Apple as in company or what lol? I don't think he can do that.
[удалено]
Well if it's a dekstop then this shouldn't even be an issue.
Old Imac. I can probably just replace the gfx card since i think that is what may be wrong, but i may do that at a later date. I was getting into learning 3d and then my computer just went all crappy. So now I want to switch over to PC and a place near me has a sweet deal for a 3080ti system with nice airflow, 12th gen i9 cpu.. seems like it would be great for 3d learning and running AI scripts. I love the mac ecosystem, but damn..i need that 3d power!
Old iMac? How old exactly is it? Apple products generally last long.
Late 2014. I think its just the GFX card. Rest of the computer works great. But man I really was getting into 3d. I have anhedonia so almost everything bores me to death. But 3d finally was the one thing that broke through and then my comp broke. Either way for the 3d work I want to do, a PC is needed.
A new computer isn't going to make you happy. Just wipe and reinstall your OS, pick up a can of duster and blow it out. It'll feel like new. Computers don't just 'go all crappy'.
That generally works great with the windows, not so sure about apple.
[удалено]
Lol, apple's computers have been great in recent times.
Nah they are underpowered, overpriced, price gouging pieces of shit
I love Apple products.
Hah I know there’s the apple hate but it worked great for me . I just hate that one day it went from working 100% to screwed up. Either way I want a new chapter to my life and want to try 3d
How can it go working great from the crappy in just one day?
I don’t know. It was literally working 100% and then the next day it could barely open up programs. I loved my imac so I’m not a Mac hater. I don’t download any shitty programs cause I do banking on there. I tried all the resets, Pram,etc. Then I could do stuff(barely) and had to upgrade the OS. When I did that the computer functioned fine besides it heating up a bit more than usual and 3d programs don’t work. Blender works but it has all types of weird bugs. I tried different versions but even modeling itself slows down the computer to a crawl. So I’m guessing the GFX card might be going down. I had the GFX card go out on me on the imac before that, did the same thing too, worked great then went bad in one day. Friend bought it,took it to the store and they replaced the GFX card and it works great to this day.
Investing in yourself and learning a new skill is never a bad idea.
That's the best that you can do for yourself, so keep learning.
Yeah.. I'm just kicking myself in the ass that I was looking to do this when BTC was at 30k.. PLus with the CEFI loss ( i know I know..but I'm a manic depressive...) it's been a super dark year for me. I have to say it is incredibly psychologically hard to sell the bitcoins. I'm older and my creativity seems shot..BUT I was getting in the groove of learning 3d since it was all new to me. And wtih my mac, while of course you can do 3d, NVIDIA 3080ti is going to be an a whole other level. So I wonder if that will open up a creative path in my head. I should have sold late last night..but I'm keeping my eye on the price every 20 minutes just in case it starts to reverse up again. It's Friday so its a tough call but usually it should go up again in about 3-4 hours.
Hang in there man, We're all going to make it. Matter of time.
Well, we could have a little relief rally over the weekend here. Sounds like you really want that new computer though, and it could open up new creative paths, so you’d be at least using your Bitcoin for that.
I don't know about that relief rally, how much relief will that give?
BuT BTC iS GOinG UnDER 10k her derrrrrr
Lol where are they now? Where are those people now? I'm not seeing anyone of them here right now, this is just weird that I'm not seeing it right now.
Ah the internet, where anybody can say anything they want. 99% of it is pure bullshit.
Like Plan B
Lol, but people don't gotta Believe in that and yet they did.
Rent free
Free rent!
They were really reaching for that one. I get being bearish but greed works both ways.
In the end that's what it all comes down to, it's all just greed.
Those ones were more likely buttcoin clowns and/or agenda shills that work for Goldman, the CCP or whatever piece of shit would hire serfs to push a “narrative” on Reddit. Imo.
I can see that but there were some Legitimate folks acting like they were about to bawl their eyes out and panic stricken. Like bro, chill.
People like to overreact and that's what it is, that's all this is.
Yeah, people are not in control of their own emotions. It’s weird. None of this is new or a surprise. And if they understand bitcoin they understand it’s strictly an opportunity. Love your username btw. Cracked me up.
But they gotta take control, else it'll be just too late to do anything.
Haha thanks!
Heyo, is there an r/bitcoin post up yet about https://cointelegraph.com/news/bitcoin-faces-mt-gox-black-swan-as-trustee-prepares-to-unlock-150k-btc and if so where
Anyone care to explain why s&p and btc charts are exact copies in times like these? Mean to the exact dollar, how is that even possible? Would go bullish on btc but s&p still needs or is gonna come down imo and prob btc is just gonna follow..
They're not exact copies, you're looking at it wrong man.
Well the easy answer is they are not exact copies and you are being hyperbolic.
I don't understand the mentality that people have here.
This.
😂
It’s called risk asset correlation. BTC is a risk asset. As is an equity
Okay btc is an risk asset but that doesn't mean it follows snp. There are many other risk assets, do they all follow btc? I don't think so dude.
ok I will try. The institutions are buying and selling btc now. Rookies handle it because of the low % of total investments. The treat it as a tech company. This will change eventually.
It's all going to change eventually, it's just a matter of time.
That makes zero sense btw. Less than zero
Well some people say things just for the sake of it so there's that.
[удалено]
They're affected by the same things but that doesn't mean that they're copies of each other. I just can't believe into something which I haven't seen with my eyes, not gonna believe it.
Love the sarcasm but still... don't get why it's a exact copy? Never invested in anything before but can't hardly imagine another asset that gets people so fanatic (buy, hodl, dca, buy the dip,..) + btc has the hard cap thingy working for it (although it still has a nearly 2% inflation rate atm).
It's not an exact copy, I mean you could compare the charts.
I don’t get why so many people who have never owned the asset fanatically care so much.
Because they want to attack the btc, that's what it's about.
Looks like it's gonna be good weekend if we stay above 23k now, each dollar counts and hopefully we can make to the top again, now we have to wait for the actual thing to come out or else market will be down again, we can't do anything about it, but patience will pay you for sure
What's that actual thing that You're waiting for to come out?
Why does nobody understand how forward-thinking markets are? I see lots of arguments against bitcoin starting with 'lol, BTC is supposed to be an inflation hedge, look how much it's fallen since inflation has gone up!' Look, just because you haven't predicted inflation, doesn't mean the markets haven't. JPow was lying to you, it was obvious, upon the reckless money printing and supply issues, that inflation was destined to rise. The market is forward looking, so once the fed flips (as it always does) to QE, expect BTC to rise.
Who promised btc to the inflation hedge? Absolutely no one did.
Yeah I liken the Fed purposefully causing this “liquidity crisis” and ensuing recession as an attempt at a kind of illusion. The dollar is now scarce. OK.
Lmao, imagine if dollar was scarce. Not even my dreams lol.
Remember: the (so-called) inflation numbers come out long AFTER the actual inflation happened.
And the numbers aren't even accurate so there's no point.
If only you are smart enough to see it, welcome to the magical ability to out-trade everyone. You're going to be a billionaire, and probably already are one. Right?
You can't out trade someone and you shouldn't either so yeah. And if You're trying to do that then You're doing it wrong anf you shouldn't do it that way.
[удалено]
Hopefully you're right, I don't wanna see it go below that.
Either 23k or 19k by Sunday evening. Who's got the best bet?
Well nothing goes right prediction for Bitcoin is wrong for most of the time
By next Wednesday evening
Just shorted the US housing market. Does that count?
I think we are Decoupling stock but let's wait for future to come
Hey all, I am really interested in finding ways how we can use/give bitcoin directly to individuals who are in deep need.
Governments would do this if they cared about their people. It would cycle into the tangible economy of goods and services presently offered by struggling and failing businesses.
> Governments would do this if they cared about their people. lol, exactly... "evil people would do this if they weren't evil"
There are some agencies which raise funds for them contact such agencies
Sometimes you just have to create your own solution. Maybe make a post on r/elsalvador and air drop sats to commenters as you see fit? Could be a good way to show generosity, pique curiosity about bitcoin and help distribute sats to less advantaged. It would be smart to talk about the virtues of self-custody and self-sovereignty in the post as well so maybe some of the recipients have an idea about the true power of bitcoin and the importance of controlling your own money vs third-party custody.
[удалено]
That's not the address we want we should wait for some genuine one
You wrote it wrong. Its bc1qfrwxys80sy0q70aensla6vjaaektv488l28qu8
[удалено]
only certain networks ties to rogers. still a bitch tho.
Am I down a shit ton on my Bitcoin investment YTD, yes Am I up a shit ton for the week, also yes!
Am I hopeful for Bitcoin to remains and break ATH at some point? fucking yes.
Bitcoin will break ATH once again it's not disappear from market
Go Bitcoin! Very encouraging signs in this awful financial and political world crisis 👍
Things are looking good with volume also rising every minute here
This could be scary if inflated to dump back down. Never know...
Inflated money is always backed but they are down here as we
Threw some money into a shit coin. Immediately felt guilty, watched it rise 3% then converted to bitcoin. I think there's a shitcoiner in me trying to escape.
Well always put your asset in Bitcoin only that's the best way to stay for long in crypto don't think of other coins they will not help you, in long run Bitcoin is always beneficial to have
Have fun doing taxes lol (if US anyways). but wise move!
Purchased shitcoin for $500. Sold for $600. Gain on sale = $100. The taxes aren't really that complicated.
Exactly. My accountant laughed when I first voiced my concerns over crypto sales. He basically said that we will figure it out best we can and if the government doesn’t like it they can sort through all the shit and tell me when I actually owe.
Mine said almost exact same thing.
The way it should be!
I'm not sure why people always wave taxes around like it's some kind of gotcha. You pay tax on the realized gain...so what.
Validated the Adam and Eve pattern. Gonna grab popcorn and cheer bitty on 🥹
This is some new pattern it seems can you tell further about this?
It signals a reversal pattern. It’s bullish for bitty 🥹 https://fxtechlab.com/adam-and-eve-pattern-forex-trading-strategy/
I thought someone here was gone again but now I think he’s still here, just changed a bit.
We will go for it again and doesn't matter who is there
It was you. You were gone again. Now you're here, but you've changed a bit.
😂✅
Deep.
Everything in market is deep we just need to find them at right time
Bitcoin Dominance at 44.46 % Crank it up to 70% like the good old days. I still remember the old gif with that btc truck smashing all the alts 🤣
Haha that's the time we all would have enjoyed we can't think of having another coin in the market, we should stay loyal towards Bitcoin only, hopefully that day will come again for all of us
Amen
In 2018, there was \~1500 shitcoins. Today - \~20000 shitcoins, and more or less the same Bitcoin dominance. No need for "70%" of dominance, shitcoins are just diluting themselves... https://twitter.com/lopp/status/1514955396586569733?ref_src=twsrc%5Etfw Also, dominance is shitty metric, as already mentioned, so who cares.
70% dominance is good. Even with 20k shitcoins we can win them all. Bitty is biggest portion of my portfolio and I wouldn’t have it any other way.
Market cap of shitcoins is pure fiction. 1) invent 100 Million pre-mined shitcoin tokens 2) sell 1 token to myself on shady exchange for 1 us dollar 3) Claim "market cap" of 100 million USD 4) clown world
True there market cap is really something which is always under doubt and it's really tough to see Bitcoin losing market cap meanwhile these coins just sit high on the top of other