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Forum » Bitcoin smashes all-time high on Tesla purchase news
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Thread: Bitcoin smashes all-time high on Tesla purchase news

post 1630851113 02-08-2021, 08:15 AM
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post 1630851313 02-08-2021, 08:19 AM
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non of these coincels ever mention taking profits

OP claims to have a huge portion of his networth in bitcoin, i dont remember the exact percent
post 1630851573 02-08-2021, 08:22 AM
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#33
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Originally Posted By elterrible987⏩
non of these coincels ever mention taking profits

OP claims to have a huge portion of his networth in bitcoin, i dont remember the exact percent
much like a gambler only mentions wins
post 1630851593 02-08-2021, 08:23 AM
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#34
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full of nocoincell itt
Ambatukam!!!!!

Active Duty CoD Operator

Crypto expert
post 1630851683 02-08-2021, 08:24 AM
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#35
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Originally Posted By hoganrulz⏩
Cashless society incoming
Indeed. And once its implemented we are all 100% fuked
Originally Posted By messomi⏩
80% of bitcoin is owned by a small amount of people lol at all the cheerleaders that pretend like they are making a ton of money every time it goes up again.
The irony is soo thick. You can tell everyone hyped about it is heavily invested (emotionally and financially) and cannot/will not see the forest before the trees.

Im not a crypto hater by and means, I have no skin in the game, but damn are somemassive glaring flaws and realities overlooked by crypto bruhs.

When bitcoin, and others, are flat-lined or outright banned at the stroke of a pen I will not rub it in. I will just watch in awe. I really, really hope it doesn't happen but you'd be a fool not to see it coming.

The rage will shake mountains, some will end it all, and the FED will announce their own proprietary "authorized" digital coin a week later.
post 1630851873 02-08-2021, 08:26 AM
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Originally Posted By knightofday⏩
Indeed. And once its implemented we are all 100% fuked



The irony is soo thick. You can tell everyone hyped about it is heavily invested (emotionally and financially) and cannot/will not see the forest before the trees.

Im not a crypto hater by and means, I have no skin in the game, but damn are somemassive glaring flaws and realities overlooked by crypto bruhs.

When bitcoin, and others, are flat-lined or outright banned at the stroke of a pen I will not rub it in. I will just watch in awe. I really, really hope it doesn't happen but you'd be a fool not to see it coming.

The rage will shake mountains, some will end it all, and the FED will announce their own proprietary "authorized" digital coin a week later.
Not me, ill be here posting laughing gifs
post 1630851983 02-08-2021, 08:28 AM
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I hope some of you phucker are making bank

legit learned about BTC on the misc

i own 2 BTC atm hodl
post 1630852663 02-08-2021, 08:38 AM
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Originally Posted By elterrible987⏩
non of these coincels ever mention taking profits

OP claims to have a huge portion of his networth in bitcoin, i dont remember the exact percent
I've taken over 10x my initial investment in profits already

Currently have around $2.2 million still in crypto, here is a screenshot one of my addresses from the crypto thread (rest is on other addresses, exchanges etc)



Seething nocoiner gonna seethe
Misc Crypto Crew
BTC to $200k
post 1630853153 02-08-2021, 08:45 AM
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#39
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Originally Posted By messomi⏩
80% of bitcoin is owned by a small amount of people lol at all the cheerleaders that pretend like they are making a ton of money every time it goes up again.
And the top 1% in the US is richer than the bottom 90%. And Gold and Silver are hoarded by certain entities and people, yet no one says "don't buy gold/silver".

Simple matter is, bitcoin has value, some people just mad they didn't jump on the boat because the bitcoin boat has to be one of the easiest ways for new people to make it rich. Literally just had to buy some and hold.
post 1630853273 02-08-2021, 08:46 AM
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Originally Posted By PimpMasterC⏩
No matter who buys bitcoin it will still remain fundamentally flawed and unethical.

It´s not about bitcoin becoming any better, it´s about who is buying into the scheme to push the price up.
Just lol
post 1630853303 02-08-2021, 08:47 AM
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Originally Posted By isingmodel⏩
I've taken over 10x my initial investment in profits already

Currently have around $2.2 million still in crypto, here is a screenshot one of my addresses from the crypto thread (rest is on other addresses, exchanges etc)



Seething nocoiner gonna seethe
jelous. When did you buy in
post 1630853933 02-08-2021, 08:56 AM
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Originally Posted By isingmodel⏩
I've taken over 10x my initial investment in profits already

Currently have around $2.2 million still in crypto, here is a screenshot one of my addresses from the crypto thread (rest is on other addresses, exchanges etc)



Seething nocoiner gonna seethe
that could be almost anything

what percent of your current networth would you say is in bitcoin, especially now that you are nearing retirement levels of it
post 1630854063 02-08-2021, 08:57 AM
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Originally Posted By jasticus⏩
jelous. When did you buy in
'16
Originally Posted By elterrible987⏩
that could be almost anything

what percent of your current networth would you say is in bitcoin, especially now that you are nearing retirement levels of it
Right now most of it is in crypto (not all in Bitcoin), aside from some stocks, my car and a few hundred k in cash
Misc Crypto Crew
BTC to $200k
post 1630854933 02-08-2021, 09:07 AM
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#44
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If you want to gamble your money, so be it, just don't lure normies into the ponzi by claiming BTC is the future, that's unethical
https://en.wikipedia.org/wiki/American_decline
https://en.wikipedia.org/wiki/Societal_collapse#By_absorption
post 1630855153 02-08-2021, 09:11 AM
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Originally Posted By rootcon⏩
This

-long transaction times
-enormous, poor scaling, block chain in the gigabytes
-early adopter whales with large positions able to manipulate price
-trading bot scandals and other price manipulations
-50% attacks possible with huge china mines
-insane energy demands to run network
-dubbed a currency, yet looks more like a pump and dump stock. Currency is supposed to provide a somewhat stable place a value in order to facilitate trade. Bitcoin blows up, then corrects on a regular basis
-who does bug fixes and how can we trust them with an entire currency?
It's not going to be a currency

It's just a store of value at this point
post 1630855293 02-08-2021, 09:13 AM
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#46
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Originally Posted By BulkingIsHard⏩
If you want to gamble your money, so be it, just don't lure normies into the ponzi by claiming BTC is the future, that's unethical
crypto currency is the future.

btc will just be one winner out of many from all the different fields in crypto.
I'll see you on Mount Olympus
post 1630855433 02-08-2021, 09:15 AM
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#47
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Originally Posted By isingmodel⏩
I've taken over 10x my initial investment in profits already

Currently have around $2.2 million still in crypto, here is a screenshot one of my addresses from the crypto thread (rest is on other addresses, exchanges etc)



Seething nocoiner gonna seethe
Teach me your ways brah
“Steroids is now just a word that the lazy and ignorant use to describe any guy that has more muscle and dedication than them”– Mike O'Hearn


"I am like getting the feeling of cumming in the gym; I'm getting the feeling of cumming at home; I'm getting the feeling of cumming backstage; when I pump up, when I pose out in front of 5000 people I get the same feeling, so I am cumming day and night. It's terrific, right? So you know, I am in heaven."
post 1630856003 02-08-2021, 09:22 AM
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#48
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'Mirin
A hit was sent, from the President, to raid your residence /
Because you had secret evidence, and documents /
On how they raped the continents, and it's the prominent /
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post 1630857083 02-08-2021, 09:38 AM
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#49
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Originally Posted By isingmodel⏩
Solve what equation? If you mean something like a quantum computer that can break SHA-256, we are quite a lot further away from that than you probably think - and it would equally impact every SHA-256 derived security algo in the world.

Quantum resistant consensus algorithms are already being developed.
Most of the calculations of breaking these algorithms assume brute force. What if the source was analyzed by new tools and they find a vulnerability? Or stick AI on the problem (how long do you have to let AI run on supercomputers before it becomes smarter than anyone on this planet?). Or what about the fact that the NSA developed SHA-256? What if they put in a backdoor?

10 second search, I find this in a reddit post. Maybe its just paranoid ramblings, or maybe he's right? Above my head
The Snowden docs on wiki leaks shows the NSA has backdoors in at least some of the ECC class of crypto, developed by Neal Koblitz.

The more popular ECC crypto used by most was the one Snowden had docs on, the one used by Bitcoin didn't have such docs.

However, a few days before Satoshi released his 2008 Paper on Bitcoin, Neal Koblitz released his own paper praising ECC crypto and the NSA.

So some think it is suspicious that the creator of ECC crypto just happened to release his own paper praising what is now known to be backdoored.

Some in the bitcoin world think the use of the Koblitz curve ECC by Satoshi was a 'lucky' thing, since the more popular ECC crypto appears to have been backdoored.

But it's very suspicious that just days before Bitcoin paper is released with Koblitz curve crypto there was Neal Koblitz praising the NSA and ECC crypto as a whole.

Then you have the certicom issue, it's supposed to be Blackbery and the main guy at certicom is always the co-author of new Neal Koblitz ECC papers.

Now you have Etherum and guess who was hired as an advisor, Neal Koblitz.

NSA's job is secure and break crypto for USA, so you look at all the crypto, ECC, Blackberry, etc and you see Neal Kolbitz. Now he's in bed with Etherum.

Now when ECC was being pushed by NIST and the Snowden docs show 10 Million going to NIST from the NSA to push the cooked ECC crypto, all you see are red flags.

NSA Suite B is the key it's used in most crypto today.

So all crypto may be cooked.

How do you cook ECC? Well there's some good videos explaining it on youtube, math professors explaining that if the seed keys to ECC have known mathematical relationships to the developer (NSA) then they can easily cook or back door it.

Bottom line is RSA warned about all this and no one listened, and now RSA is looking more secure than anything connected to ECC/Koblitz/NSA.

TOR came out of Naval Intelligence and the NSA came out of Naval Intelligence.

In the early 1980's the NSA tried to muzzle academia in the USA with all kinds of stuff like saying any encryption related academic papers in the USA had to go through the NSA.

Academia didn't go for it, so they switched gears and just bought all academics with NSA grants.

When you start to look around at all the papers the past 30 years you see one publisher in control Springer-Verlag.

Guess who publishes Koblitz's biography and papers.

Springer-Verlag.

So that may be the black op channel to pay off all the crypto geeks via Springer-Verlag.

More and more it's looking like RSA may be the only secure crypto left.

Very few people really know squat about crypto, and every word I've said is based upon research showing the somewhat hidden connections to NSA in all versions of ECC.

The seed keys in ECC are way smaller than the prime seeds in RSA too, so they sold ECC on how small it was to work with saving computer power in doing the crypto. So if the seed keys are cooked, you have no encryption really with ECC.
post 1630857453 02-08-2021, 09:45 AM
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#50
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Originally Posted By rootcon⏩
This

-long transaction times
-enormous, poor scaling, block chain in the gigabytes
-early adopter whales with large positions able to manipulate price
-trading bot scandals and other price manipulations
-50% attacks possible with huge china mines
-insane energy demands to run network
-dubbed a currency, yet looks more like a pump and dump stock. Currency is supposed to provide a somewhat stable place a value in order to facilitate trade. Bitcoin blows up, then corrects on a regular basis
-who does bug fixes and how can we trust them with an entire currency?
If it ever were to be come a currency it would be regulated and thus stable and untradable. Anything that happens right now is a legit scam. If people want to risk their money on it it's their choice, but they need to realize who is controlling it. I'm certain more people lose money in crypto than even the stock market.

People only ever talk about the $50k they "won," and not the $100k they lost.
Forever alone? Attraction and keeping the girl chasing you - http://forum.obnoxiousbrutes.com/showthread.php?t=131498033

You will never know your limits, unless you push yourself past the imaginary lines you have drawn in the sand.

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post 1630857963 02-08-2021, 09:52 AM
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#51
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Originally Posted By pondus_levo⏩
If it ever were to be come a currency it would be regulated and thus stable and untradable. Anything that happens right now is a legit scam. If people want to risk their money on it it's their choice, but they need to realize who is controlling it. I'm certain more people lose money in crypto than even the stock market.

People only ever talk about the $50k they "won," and not the $100k they lost.
Unless you are clinically retarded you can only be making money in crypto right now and for the past year, and if you have a reasonable take-profit strategy, you really shouldn't be worrying any more so than with any other investment. More no-coiner cope.
Misc Crypto Crew
BTC to $200k
post 1630858093 02-08-2021, 09:53 AM
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#52
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Originally Posted By messomi⏩
80% of bitcoin is owned by a small amount of people lol at all the cheerleaders that pretend like they are making a ton of money every time it goes up again.
Whenever Bitcoin goes up it's just a matter of time before all the other cryptos have pumps.

From what I can see it goes; Bitcoin pumps then dips > Ethereum pump then dips, then all other cryptos. Higher highs, and lower lows in a bull market.
If You Don't Like To Talk About Your Feelings, This Might Help...
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The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1630858553 02-08-2021, 10:00 AM
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#53
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Originally Posted By isingmodel⏩
Unless you are clinically retarded you can only be making money in crypto right now and for the past year, and if you have areasonable take-profit strategy, you really shouldn't be worrying any more so than with any other investment. More no-coiner cope.
Can you explain what you mean to a crypto novice please. I.e. when it goes up 20%, sell 10%? Something as simple as that?
post 1630859033 02-08-2021, 10:07 AM
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#54
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I believe in the future of cryptocurrency.
But at the moment it's obviously a shady market.
People who own some should just hold, yes.
But buying? Risky business.
The high volatility just means big players are making the price move to make bank, screwing the little guy.
I'm just too risk averse for this ****.
Again, if you can get in CHEAP and buy the proverbial dip, good for you and I recommend.
But if you're like 99% of people, buying and hoping it goes up, you're going to get burned.

And right now I dont think the value has anything to do with anything intrinsic. Its pure speculation.
Bitcoin is just not going to replace major currencies ANY TIME soon.
Let alone the supply of Bitcoin, which the experts say is limited, carefully monitored, etc...sounds just too risky as a store of value.
Its like a bank telling me they have this new currency and, dont worry, there's a limited supply of it.
post 1630859053 02-08-2021, 10:07 AM
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#55
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Originally Posted By PenorBrahNoHomo⏩
Can you explain what you mean to a crypto novice please. I.e. when it goes up 20%, sell 10%? Something as simple as that?
You can do it like that but it's probably overly finicky for crypto given how fast it moves, rather you can wait until you hit say a 2-3x multiple of your initial investment and then take our your initial. That's if you want to play things as safe as possible, if you are happy to take a slightly higher risk you can of course leave it in longer and try and bag bigger gains before pulling some out.

The key is simply take some profits along the way at stages where you feel satisfied with the profit you've made and want to lock some in so from that point on you can't lose no matter what - same as how I look at any of the investments I have. It varies from person to person, and obviously bagging huge multiples gets harder the later you enter.
Misc Crypto Crew
BTC to $200k
post 1630859553 02-08-2021, 10:13 AM
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#56
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Great news for Crypto. Although $1.5 billion isn't as much as the normal $50+ billion. But it's still a sign of crypto inching towards mainstream.
post 1630859623 02-08-2021, 10:14 AM
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#57
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Originally Posted By messomi⏩
80% of bitcoin is owned by a small amount of people lol at all the cheerleaders that pretend like they are making a ton of money every time it goes up again.
That's scarcity economics in general. Yeah I remember seeing a Bitcoin richlist and a lot of it is still held by anonymous whales. Imagine there could be billionaires or maybe a Crypto trillionaire someday and nobody could identify them.
post 1630859663 02-08-2021, 10:15 AM
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#58
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Originally Posted By RyanT7⏩
crypto currency is the future.

btc will just be one winner out of many from all the different fields in crypto.
No, BTC will be one of the major losers of the crypto currency future unless major changes are made to the software
Originally Posted By TrueNorth12⏩
It's not going to be a currency

It's just a store of value at this point
Why the fukc does it exist then? Why can't XRP be a store of value because it actually fukcing works?
https://en.wikipedia.org/wiki/American_decline
https://en.wikipedia.org/wiki/Societal_collapse#By_absorption
post 1630859833 02-08-2021, 10:18 AM
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#59
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Originally Posted By Contribution05⏩
And the top 1% in the US is richer than the bottom 90%. And Gold and Silver are hoarded by certain entities and people, yet no one says "don't buy gold/silver".

Simple matter is, bitcoin has value, some people just mad they didn't jump on the boat because the bitcoin boat has to be one of the easiest ways for new people to make it rich. Literally just had to buy some and hold.
A lot of the rich in countries like Australia and Canada can trace their wealth back to being land barons under the British, srs. In America, it's often the same story but including slave ownership or something. It's always been a system of "rich get richer". People who cope and claim rich people eventually lose their money are only thinking of outliers. There's zero chance of the Walton family being poor someday.


The German Royal family, even though losing their throne like 100+ years ago, is still leisurely rich to this day. And that's despite the Communists seizing everything from them in Prussia.
post 1630859933 02-08-2021, 10:20 AM
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#60
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Originally Posted By BulkingIsHard⏩
No, BTC will be one of the major losers of the crypto currency future unless major changes are made to the software



Why the fukc does it exist then? Why can't XRP be a store of value because it actually fukcing works?
Sure XRP can be a store of value but some of the fundamentals are shaky. Like the Ripple company and employees owning the lion share of it. It's also a pretty centralized protocol where they could easily pull off a fork chain (cook the books or make new money up), etc. A lot of the shady aspects is probably why the SEC went after Ripple first instead of say Charlie Lee who is American or that Daniel Larimer who does serial IPOs and then abandons projects.
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