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Forum » Btc about to hit 40k
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Thread: Btc about to hit 40k

post 1627880983 01-08-2021, 03:51 AM
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#181
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The problem is whats makes it valuable is largely the fact that other people think it will become more valuable. It that belief dissapears, the value sinks. Sure, it also has some value because it´s the most secure network in the world arguably. However, bitcoin will lose this advantage over time as other cryptocurrencies progresses. When that happens, it will be hard to market it anymore.
post 1627881283 01-08-2021, 04:05 AM
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#182
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Bitcoin getting left in the dust by TSLA. Automaker up almost 8% yesterday and another 3-4% after hours
post 1627881333 01-08-2021, 04:06 AM
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#183
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ha ha ha ha ha ha ha ha ha haaaa
BLBLBLBLBLBLBLBLLLLLLAH HA HAAAAA
post 1627884173 01-08-2021, 05:34 AM
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#184
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Originally Posted By jasticus⏩
Just lol if you dont own any. It’s going to six figures then 7 figures in a few years
I would want it ... but why when (in the UK) we are in Lockdown, so we can't spend any money (as such)
post 1627894523 01-08-2021, 08:11 AM
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#185
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42k boyos non coiners on suicide Watch
post 1627896473 01-08-2021, 08:34 AM
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#186
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Originally Posted By jasticus⏩
42k boyos non coiners on suicide Watch
getting ready to buy me a rope.
post 1627896833 01-08-2021, 08:38 AM
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#187
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Originally Posted By samsbolton⏩
I’ll explain it as I would to a 5 year old.

You’re describing something that is supposedly valuable because it took time and money to make it.

You can put time and money into something but THAT ISNT WHAT MAKES IT VALUABLE.

It’s valuable because people want it. They might want my hole in the ground or my grains of sand, as it happens they want a pointless algorithm.
Did you miss my explanation. Why is visa worth worth almost 1/2 a trillion dollars? What makes Visa valuable? That is only ONE part of what brings value to bitcoin.
RAW lifts
635 Dead http://www.youtube.com/watch?v=mATRBZ0gwdg
585x7 Dead reps http://www.youtube.com/watch?v=6yf2ZkdNNNQ
420 Bench (paused) http://www.youtube.com/watch?v=MJ2_Q-TLIB8
535 Squat https://www.youtube.com/watch?v=kdgVaiTi4-8&feature=youtu.be
post 1627897063 01-08-2021, 08:40 AM
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#188
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Originally Posted By induced_drag⏩
Did you miss my explanation. Why is visa worth worth almost 1/2 a trillion dollars? What makes Visa valuable? That is only ONE part of what brings value to bitcoin.
Well it provides a service by automatically protecting and insuring payments, which of course is exactly what BC doesn’t do..
2023 bertie awards 2024 nominations

https://forum.obnoxiousbrutes.com/showthread.php?t=184693083
post 1627897143 01-08-2021, 08:41 AM
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#189
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nearly 52000 Canadian
Doordasher crew (SRS)
Bidet Crew
Nissan Versa 2023 crew
Bald crew
post 1627898113 01-08-2021, 08:52 AM
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#190
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nocoiners in shambles right now, the old girl will hit 50k within 24 hours
post 1627898233 01-08-2021, 08:54 AM
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#191
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I hope it crashes and everybody loses everything.
post 1627898503 01-08-2021, 08:57 AM
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#192
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Originally Posted By jasticus⏩
Do you not store your btc in cold storage like on a ledger or a ******? Or do you store on coinbase custody? You should be good as long as you sent it to the right address which sounds like you know what youre doing. They also pay you daily so you can see accrued interest. Its pretty fun to watch it stack up. I would put 25% to 50%. Its safe for sure but im used to cold storage and like to have insurace on my end just incase. That one quite plan for the worst but expect the best. Also it sounds like you have alot of btc so im jelous of what youre return will be. IF you have it in you pm me a range I wont post it.
I had my BTC on an old laptop that I wiped and put a core wallet on WAY back. Not connected to internet and only by ethernet cable when I needed. OG coin style. I recently got a ****** T because had a fraction of stuff on Bittrex which I was playing with day trading. Realized very quickly that although I can make consistent gains, I would never have the balls to do it on a scale where I would need to for the upside I wanted. And it took all my time. I also had some stuff on coinbase.

I dont have as many coins as I would like. Not trying to front here. I had just over 5 and my goal earlier this year was to double my position to 10 by buying more. I almost got to 10 coins before the market really took off. I stopped buying at 14k. I had about 50k to play with and really could not justify any more on this crazy path I started going down 7 years ago. I think my dollar cost avg is 6 or 8k so the market could really tank and it would be hard to get hurt. I could also lose it all and it would not be a big deal. I really wanted 10 but ended up just under.

Selling right now does really nothing for me either. It would not change anything in my life. I carry no debt and dont need/want anything. Was hoping for it hitting large enough that it might actually change what I do the next day.

But the gamble of the long-term seems pretty attractive also. BlockFi is pretty cool. At current prices it returns 4 figures monthly in interest MONTHLY if I put my coins there. I also like that I can 'borrow' against the coins without having to sell and incur gains. Can see that as being good for unexpected cash expenditures and allowing one to run a little closer margins on the reserves side, knowing the BTC account is accessible if need be. Otherwise, having been self employed my entire life, I have never felt comfortable unless I had a couple of years living expenses stored in reserve.

Thanks again so much for the nudge in the BlockFi direction. As to the safety, I read a breakdown of the 'black thurs' even from March where the market 1/2'd and BlockFi weathered it fine.
RAW lifts
635 Dead http://www.youtube.com/watch?v=mATRBZ0gwdg
585x7 Dead reps http://www.youtube.com/watch?v=6yf2ZkdNNNQ
420 Bench (paused) http://www.youtube.com/watch?v=MJ2_Q-TLIB8
535 Squat https://www.youtube.com/watch?v=kdgVaiTi4-8&feature=youtu.be
post 1627907973 01-08-2021, 10:44 AM
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#193
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Vibe w me *******s

Posts are for fun, not to be taken seriously or as truth.

Angie Varona Appreciation Club Founder
post 1627908353 01-08-2021, 10:48 AM
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#194
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Originally Posted By SuperHercules⏩
Disgruntled no coincel detected


Don't worry little fella we'll wave at you as we speed by in our lambos
This is precisely why misc cringes at the crypto crew. His statement is accurate and there is no counter argument.
Your schtick sucks and it screams insecurity.
post 1627909003 01-08-2021, 10:54 AM
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#195
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One of my best friends and roommates OD'd on a ********/********** cocktail in 2013... We graduated high school together. Grew weed together. Lived in a big ass house with a bunch of other youngin's. Good times.

He was smarter than me, too....that **** still ****s me up.

Anyway he had hundreds of bitcoins...he was one of those early adopters / silk road / erowid types (2006-2009). Didn't have his account info written anywhere in his belongings though. :/ Makes me feel really bad for his mom. There's just millions of dollars worth of his bitcoins floating around out there for all eternity now. (He had no idea they would be worth millions a few years later, obviously.)

Edit: I don't know if I've just learned to find peace with it, but I feel like it's kind of appropriate now. His last little legacy is that he would have been ****ing rich if he were still here...That's pretty baller I'd say.
post 1627909313 01-08-2021, 10:57 AM
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#196
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Originally Posted By Highinthegym⏩
One of my best friends and roommates OD'd on a ********/********** cocktail in 2013... We graduated high school together. Grew weed together. Lived in a big ass house with a bunch of other youngin's. Good times.

He was smarter than me, too....that **** still ****s me up.

Anyway he had hundreds of bitcoins...he was one of those early adopters / silk road / erowid types (2006-2009). Didn't have his account info written anywhere in his belongings though. :/ Makes me feel really bad for his mom. There's just millions of dollars worth of his bitcoins floating around out there for all eternity now. (He had no idea they would be worth millions a few years later, obviously.)
Many stories like this. It is estimated that 20% of the supply is 'lost' and cant be recovered. Every lost coin raises the value of the remaining.

I have been doing this a while and I still am nervous as hell every time I have have to move any. Depending on how busy the network is, there is always that anticipation waiting for the transaction to validate. It can be a little scary for sure.
RAW lifts
635 Dead http://www.youtube.com/watch?v=mATRBZ0gwdg
585x7 Dead reps http://www.youtube.com/watch?v=6yf2ZkdNNNQ
420 Bench (paused) http://www.youtube.com/watch?v=MJ2_Q-TLIB8
535 Squat https://www.youtube.com/watch?v=kdgVaiTi4-8&feature=youtu.be
post 1627909763 01-08-2021, 11:02 AM
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#197
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Originally Posted By induced_drag⏩
I have been doing this a while and I still am nervous as hell every time I have have to move any. Depending on how busy the network is, there is always that anticipation waiting for the transaction to validate. It can be a little scary for sure.
If a self-proclaimed geek (I use the term with peace and love, not sure if I offended last time) has reservations about using a system he believes in, then how is the misc and the rest of the world supposed to buy in to this idea.
Your schtick sucks and it screams insecurity.
post 1627910313 01-08-2021, 11:07 AM
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#198
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If oldcel Sambolton stops posting we all know what happened to him
Losers let it happen, winners make it happen.

Nonsense Army Crew.
post 1627911543 01-08-2021, 11:18 AM
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#199
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Originally Posted By Nonsense916⏩
If oldcel Sambolton stops posting we all know what happened to him
No he’ll always be here to remind us of the epic crash from $42k to $41k, when it had blown up from $20k just days before.
It is the current year.
post 1627911623 01-08-2021, 11:19 AM
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#200
  1. induced_drag
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Originally Posted By digital022⏩
If a self-proclaimed geek (I use the term with peace and love, not sure if I offended last time) has reservations about using a system he believes in, then how is the misc and the rest of the world supposed to buy in to this idea.
Great question. With Paypal, coinbase and Square stepping in, transactions in BTC have become as easy as using a debit card.

The "OG" coin holder ways were holding your own wallets and doing your own transactions. There is something attractive about that for a small percentage of people who want to be totally independent. But I agree, it scares a lot of people too.

Using one of the big institutions, forces one to comply with KYC/AML, Know your customer, anti money laundering. This means all the guys who dont want to pay taxes on gains cant use these outlets. But "normal' people expect to pay gains on investments.

So the stresses of owning BTC or ETH are really not there for guys who just purchase on Coinbase and keep it there, or paypal. No biggie. Easy as can be.

But when you realize you have a $500,000 thumb drive sitting around, or you have your seeds written on a piece of paper which is equal to the value of a nice home.....it can be very nerve wracking. Not an issue for those who use custodial services.
RAW lifts
635 Dead http://www.youtube.com/watch?v=mATRBZ0gwdg
585x7 Dead reps http://www.youtube.com/watch?v=6yf2ZkdNNNQ
420 Bench (paused) http://www.youtube.com/watch?v=MJ2_Q-TLIB8
535 Squat https://www.youtube.com/watch?v=kdgVaiTi4-8&feature=youtu.be
post 1627911683 01-08-2021, 11:19 AM
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#201
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So if people don't believe in cryptocurrency are coincels. That must make you povertycells? It's just digital lottery.
post 1627911723 01-08-2021, 11:20 AM
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#202
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Originally Posted By induced_drag⏩
Did you miss my explanation. Why is visa worth worth almost 1/2 a trillion dollars? What makes Visa valuable? That is only ONE part of what brings value to bitcoin.
they create billions of dollars in swipe fees. every time someone swipes a visa card they collect about 2% of the transaction total.
post 1627911923 01-08-2021, 11:22 AM
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#203
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Originally Posted By MisterDiapers⏩
they create billions of dollars in swipe fees. every time someone swipes a visa card they collect about 2% of the transaction total.
BTC generates billions in transaction fees also. The network is supported by miners who get paid both by their mining activities AND by transaction validation.
RAW lifts
635 Dead http://www.youtube.com/watch?v=mATRBZ0gwdg
585x7 Dead reps http://www.youtube.com/watch?v=6yf2ZkdNNNQ
420 Bench (paused) http://www.youtube.com/watch?v=MJ2_Q-TLIB8
535 Squat https://www.youtube.com/watch?v=kdgVaiTi4-8&feature=youtu.be
post 1627911933 01-08-2021, 11:22 AM
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#204
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Originally Posted By induced_drag⏩
I had my BTC on an old laptop that I wiped and put a core wallet on WAY back. Not connected to internet and only by ethernet cable when I needed. OG coin style. I recently got a ****** T because had a fraction of stuff on Bittrex which I was playing with day trading. Realized very quickly that although I can make consistent gains, I would never have the balls to do it on a scale where I would need to for the upside I wanted. And it took all my time. I also had some stuff on coinbase.

I dont have as many coins as I would like. Not trying to front here. I had just over 5 and my goal earlier this year was to double my position to 10 by buying more. I almost got to 10 coins before the market really took off. I stopped buying at 14k. I had about 50k to play with and really could not justify any more on this crazy path I started going down 7 years ago. I think my dollar cost avg is 6 or 8k so the market could really tank and it would be hard to get hurt. I could also lose it all and it would not be a big deal. I really wanted 10 but ended up just under.

Selling right now does really nothing for me either. It would not change anything in my life. I carry no debt and dont need/want anything. Was hoping for it hitting large enough that it might actually change what I do the next day.

But the gamble of the long-term seems pretty attractive also. BlockFi is pretty cool. At current prices it returns 4 figures monthly in interest MONTHLY if I put my coins there. I also like that I can 'borrow' against the coins without having to sell and incur gains. Can see that as being good for unexpected cash expenditures and allowing one to run a little closer margins on the reserves side, knowing the BTC account is accessible if need be. Otherwise, having been self employed my entire life, I have never felt comfortable unless I had a couple of years living expenses stored in reserve.

Thanks again so much for the nudge in the BlockFi direction. As to the safety, I read a breakdown of the 'black thurs' even from March where the market 1/2'd and BlockFi weathered it fine.
What are the downsides to BlockFi? How are they generating revenue to pay you interest?
It is the current year.
post 1627912253 01-08-2021, 11:25 AM
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#205
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Just took some profits and bought more gold / silver directly with BTC


feelsgoodman

No idea why bullion dealers are accepting sand as payment. They must be retarded!
post 1627912553 01-08-2021, 11:27 AM
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#206
  1. induced_drag
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Originally Posted By Howiester⏩
What are the downsides to BlockFi? How are they generating revenue to pay you interest?
Google is your friend

But here is a good breakdown.
https://thecollegeinvestor.com/34536/blockfi-review/


They operate like a bank. Offering collateralized loans and adding to the liquidity of the market by providing supply on the institutional level.

Plenty of articles about how the funds are held which is a registered 3rd party. They also did fine on 'black thurs' in march 2020 where the crypto market lost 1/2 its value. I think they have said there has yet to be a default on any loans up to this point.

The way they are structured, if the market moves too much, moving to a 70%ltv, they ask you to provide more collateral or they can sell your funds to cover the loan. Pretty good buffer built in to the system.

Also structured so depositors get paid first and then no 'profit' is made until all debts are covered.
RAW lifts
635 Dead http://www.youtube.com/watch?v=mATRBZ0gwdg
585x7 Dead reps http://www.youtube.com/watch?v=6yf2ZkdNNNQ
420 Bench (paused) http://www.youtube.com/watch?v=MJ2_Q-TLIB8
535 Squat https://www.youtube.com/watch?v=kdgVaiTi4-8&feature=youtu.be
post 1627912623 01-08-2021, 11:28 AM
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#207
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Originally Posted By digital022⏩
This is precisely why misc cringes at the crypto crew. His statement is accurate and there is no counter argument.
I don't agree with the Visa comparison. However being uninsurable is a feature, not a bug. People have been losing cash / money for centuries.
post 1627912763 01-08-2021, 11:29 AM
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#208
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Originally Posted By Howiester⏩
What are the downsides to BlockFi? How are they generating revenue to pay you interest?
rehypothecation
post 1627913153 01-08-2021, 11:33 AM
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#209
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Originally Posted By eatmycrackers⏩
Vibe w me *******s

Never take it personal, even when it is.

HTC
post 1628184013 01-10-2021, 08:07 PM
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#210
  1. induced_drag
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Originally Posted By jasticus⏩
A lot of us are gonna end up as millionaire if it does what we expect. If it does I’ll be able to retire off the interest through block fi. Wont retire though but will be nice having the option for once.
Want to thank you again for the advice. I moved 7btc over to Blockfi. Should net just about $1000/month for putting it there.

I was nervous as SH!T so I first sent one over and then just sent the remaining 6. Holy cow this gives me an anxiety attack every time I have to do this.

What is nuts is the last transfer was the equivalent of 222k and it cost me all of $7 to complete the transaction. People wonder what 'value' BTC has. I just did that transfer, by myself, at home on a sunday night. It showed up in 90 seconds and then just needed 3 network validations.

This is what is cool about the exchange of ideas. I would have never known about this if not for poking around here. Thanks!
RAW lifts
635 Dead http://www.youtube.com/watch?v=mATRBZ0gwdg
585x7 Dead reps http://www.youtube.com/watch?v=6yf2ZkdNNNQ
420 Bench (paused) http://www.youtube.com/watch?v=MJ2_Q-TLIB8
535 Squat https://www.youtube.com/watch?v=kdgVaiTi4-8&feature=youtu.be
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