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bitcoins

So BTC sky rocketed to 20k, plunged below 5k, and now at 10k.
Did anything fundamentally change? What is the adoption rate now? What is the transaction rate vs people just buying and selling it?
 
So BTC sky rocketed to 20k, plunged below 5k, and now at 10k.

Did anything fundamentally change? What is the adoption rate now? What is the transaction rate vs people just buying and selling it?
there is way more adoption happening now vs 2017. you can now us https://getspendl.com/ to spend you crypto at major retailers like amazon and whole foods. There are many more places than those two. I also use the cashapp to buy and use btc. I get my direct deposits there now. They are also working on making the cashapp lightning enabled for instant payments with an average cost at 1 satoshi. Thats about .0001 cent per transaction. I also run my full node over tor for complete anonymity. And I can access it from anywhere in the world and move money. This is just a small sample of the things being done.
 
Everyone has their own risk tolerance.

I am not one to be swayed by talk of high risk high returns.
And I don't have time to check the market so I invest conservatively.

Yet you tell everyone else to look out. Focus on your shit and make that conservative money.
 
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there is way more adoption happening now vs 2017. you can now us https://getspendl.com/ to spend you crypto at major retailers like amazon and whole foods. There are many more places than those two. I also use the cashapp to buy and use btc. I get my direct deposits there now. They are also working on making the cashapp lightning enabled for instant payments with an average cost at 1 satoshi. Thats about .0001 cent per transaction. I also run my full node over tor for complete anonymity. And I can access it from anywhere in the world and move money. This is just a small sample of the things being done.

So you still have to use third party app to convert btc to $ to spend it. Seems like same thing as two years ago. How is this iteration different?
Also did Congress manage to pass a bill so that you are not taxed on capital gains on small transactions?
 
If the people who want the audience to think that they're experts about what they're doing can't explain the fundamental reason for why bitcoin's price swings so widely, I have every right to post that there is something suspicious about that. Every time the price surges they put on the hot sales talk like, I'm making so much money right now, I can quit my job.

There was a member who posted in the first half of the thread that he bought bitcoin's early on and it was a good investment, in the early days before all the hype. He also revealed that he had some inside scoop that large holders had the power to manipulate the price. That is consistent with the current theory
 
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If the people who want the audience to think that they're experts about what they're doing and they can't explain the fundamental reason for why bitcoin's price swings so widely, I have every right to post that there is something suspicious about that.

There was a member who posted in the first half of the thread that he bought bitcoin's early on and it was a good investment, in the early days before all the hype. He also revealed that he had some inside scoop that large holders had the power to manipulate the price. That is consistent with the current theory

Wait larger holders can move the price? You mean just like the stock market?

If you can’t figure out why btc moves its best to stick to your conservative investing which no one gives you crap for and actually encourages it because you know what you’re doing there.

Btw I don’t think anyone here calls themselves an expert.
 
I've never heard of anyone being so upset about what I choose to invest in. I like to know what factors affect the price and why. I don't stay up at night looking for dives and surges in the stock market

The experts on this thread say you can trade crypto 24/7. Go knock yourselves out
 
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I've never heard of anyone being so upset about what I choose to invest in. I like to know what factors affect the price and why. I don't stay up at night looking for dives and surges in the stock market

The experts on this thread say you can trade crypto 24/7. Go knock yourselves out

No one is upset in the way you invest. What we find funny is you’re a conservative investor trying to tell speculators how fucked their idea of investing is.

What is your understanding on how btc rises and falls? Are you aware of the connection between shit coins and btc? If you start to watch it you’ll see a connection.
 
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It’s clear some of you have absolutely no business discussing this tech. First you should educate yourself before you spout negativity. Most world governments have started acquiring bitcoin and now one of the largest holders is the IMF with a stack of 170,000 bitcoins in its reserve.
Good luck with your investments.

:rofl
 
I have no problem with people investing in crypto. 2%? Why not, that is their choice.

I check in from time to time, see what's being posted on this thread. There are quite a few who are skeptical about bitcoin. It's just that I have been more direct about expressing my disapproval of 2 main guys on this thread hyping it all up when there is another surge

If there were 2 other barfer's called abcde and wxyx spouting the same exuberance, I would have commented the same
 
there is way more adoption happening now vs 2017. you can now us https://getspendl.com/ to spend you crypto at major retailers like amazon and whole foods. There are many more places than those two. I also use the cashapp to buy and use btc. I get my direct deposits there now. They are also working on making the cashapp lightning enabled for instant payments with an average cost at 1 satoshi. Thats about .0001 cent per transaction. I also run my full node over tor for complete anonymity. And I can access it from anywhere in the world and move money. This is just a small sample of the things being done.

Except bitcoin didn't crash in 2017 when adoption was low, it ran up. It crashed in 2018. Adoption is still ridiculously low and has little, if anything, to do with the recent run up in bitcoin.
 
I have no problem with people investing in crypto. 2%? Why not, that is their choice.

I check in from time to time, see what's being posted on this thread. There are quite a few who are skeptical about bitcoin. It's just that I have been more direct about expressing my disapproval of 2 main guys on this thread hyping it all up when there is another surge

If there were 2 other barfer's called abcde and wxyx spouting the same exuberance, I would have commented the same

It's exciting when anything you're involved in goes well, of course no one wants to cheer when things go sideways or down. Just like stocks or your favorite team sport.

I speculate or invest in crypto, it's a hedge, different investment, another avenue for potential revenue gains.

Why does it swing up and down, speculation, mostly large influxes of money put in or taken out of the market by whales. I don't know why gold or many stocks rise and fall, but they do for many reasons that are not sane. Why is Beyond Meat stock so high or trade far above value, along with many other tech stocks? Not many can answer fully why, it's the market and much speculation.
 
I understand your use of cryptocurrency as a hedge and simply that you have the money to speculate

The tone in your post is quite palatable and the content of your post is informative

I enjoy this kind of post as well as the posts the other guy made in the middle of the thread who led on about the impact of whales on the movement of the price.


However when someone starts insulting the intelligence of the community saying that certain people are not knowledgeable or educated enough to post in the thread, that raises red flags. We are bombarded by crypto news on the evening news and in financial/business news we subscribe to. How can anyone not get the gist of it and determine whether or not it's right for them? Anyone who has something to say, whether they're into crypto or not, should say it to keep the conversation honest. It's that simple.


I'll go ahead and say it, cuz it is the elephant in the room. The tone of the cheerleaders at peak times is, get into this now, you're going to make tons of money or I'm making so much that I can quit my job soon. I think they're doing that to appeal to greed, to try to generate interest in buying, which pushes the price up even further, so they can sell at a designated high while everyone is left holding the bag before the price drops. The tone in their brash enthusiasm rubs me the wrong way. I don't believe they are making the money in crypto and getting rich off of it; it is an illusion they want people to believe. Why would anyone put a sticker on their car with bags of money next to the stick couple? It's in bad taste. That's what I believe and I believe I have the right to post that. If you read other members posts, you can tell they're skeptical as well. When I post, I guess I am more direct than most.


I am sorry to have misled anyone to believe that I had passed judgement on people who buy crypto in general who don't rub me the wrong way


The way I see it, in the stock market, you have control over the volatility of your total holdings. With crypto, seems like there are people who can manipulate the price of your holdings overnight while you are sleeping.

In yesterday's Bloomberg Close:
Traders have pushed premiums for defensive stocks to fresh records, putting growth companies with reliable earnings at a two-decade high versus value shares. A number of hot IPOs, including Beyond Meat and Chewy, fell for another day, as investors sell off the more volatile bets after a weeks-long buying frenzy.
 
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Maybe cryptos are like Harleys in that if you have to ask you wouldn't understand.
I was never a big fan of Harleys but they do have a fanatical following.
 
It must be a good time to buy! Buy it while it's still low. :laughing


WSJ says the boost is mostly small investors, the Hedge funds are shorting this bump.
 
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