Select to expand quoteCarantoc said..
The party is over dude.
The 14 years olds are back home with mum. Grounded by Dad for the next 10 years and severely hung over. Curtains drawn, lying in bed and missing out on the whole day. Suffice to say they won't be trying any more cheap vodka for a while yet.
The only ones still cling to the nostalgia of how awesome the party was are the ones who were so uncool they didn't even realise they were uncool. They thought they were the party, when they were really just cannon fodder entertainment for the real revelers.
And now they are so uncool they have to appear on big brother and celebrity ninja warrior, because they have got nothing else and cling to the lost hope the same party might happen again and they might get a second shot at 15 seconds of fame......
www.who.com.au/corey-worthington-party-now
With Bitcoin the party is just starting.
Accumulation Time
There are more Bitcoin addresses holding at least 1 BTC than ever before. The one-million barrier is soon to break, and the "bear market" price might be a good reason why people are buying.
Trust Remains Strong
Over 60% of circulating Bitcoin hasn't moved in a year?. People are HODLing through the current cycle, driven by the fundamental principles that make Bitcoin a long-term investment.
These numbers indicate that Bitcoin adoption is strong, despite the global market turmoil, and are a testament to crypto's bright future. Like a 14-year-old teenager, Bitcoin will continue to mature, and we're all excited for the next phase.
Select to expand quoteCarantoc said..myscreenname said..
On 14 June 2023 will I be up or down and why?
Well, more than half way there and I'm sticking with my original guess of;
Down, because it is all just Ponzi-chain letter bollocks.
That bring me to following reflexion.
If all conspiracy theories shouldn't be called Ponzi Schemes?
Or at least undergo similar rules and burst eventually?
At the beginning of every conspiracy there is always one dumb,
that will need to find another two even dumber.
Then pyramids grows exponentially.
But amount of dumb people should be eventually
exhausted, one may suspect.
But unlike Monetary Ponzi
that are based on something eventually substantial
those conspiracy are based on un-material, intellectual property only.
Unverifiable mostly. Like Flat Earth. Moon Landing...
But if Bitcoin investment could be explained or excused at one stage ( I am guilty myself of buying some when was $200 a piece)
NFT is beyond my imagination.
Maybe I should sell my Macro NFT's on that market?
I could promise good returns in next 1000 years from now
on every Macro Token.
Just for pure curiosity
I check what FUNGIBLE of NOT FUNGIBLE means.
The first suspicion could be that is derived from word
FUNGUS.
Because NFT behave like a fungus.
Grows on rotting matter, eats everything around and smell suspicious from afar
But not
www.merriam-webster.com/dictionary/fungible
As I understand it means (NFT) that once you exchange somehting
fungible - like your money
on something - not fungible
like NFT tokens
you could not make this exchange the other way
and
get your money back or
have even more money that
you invested in first place.
Select to expand quoteMacroscien said..
...
As I understand it means (NFT) that once you exchange somehting
fungible - like your money
on something - not fungible
like NFT tokens
you could not make this exchange the other way
and
get your money back or
have even more money that
you invested in first place.
Yes Macro, that is what I believe.
And surely Musk wasn't setting an agenda when Tesla was, for a brief period, allowing payment in NFTs. Not him, he's all about helping the little guy. Right?
Select to expand quoteBuster fin said..
Yes Macro, that is what I believe.
And surely Musk wasn't setting an agenda when Tesla was, for a brief period, allowing payment in NFTs. Not him, he's all about helping the little guy. Right?
You must be getting a bit mixed up. Bitcoin is fungible. You could buy a Tesla using bitcoin for a while.
A NFT is something quite different, for a start it's non fungible.
Select to expand quotemyscreenname said..Buster fin said..
Yes Macro, that is what I believe.
And surely Musk wasn't setting an agenda when Tesla was, for a brief period, allowing payment in NFTs. Not him, he's all about helping the little guy. Right?
You must be getting a bit mixed up. Bitcoin is fungible. You could buy a Tesla using bitcoin for a while.
A NFT is something quite different, for a start it's non fungible.
WHAT? you're suggesting that Micro may not be fully understanding something?? Oh no.
Select to expand quotemyscreenname said..Buster fin said..
Yes Macro, that is what I believe.
And surely Musk wasn't setting an agenda when Tesla was, for a brief period, allowing payment in NFTs. Not him, he's all about helping the little guy. Right?
You must be getting a bit mixed up. Bitcoin is fungible. You could buy a Tesla using bitcoin for a while.
A NFT is something quite different, for a start it's non fungible.
Oh. Cool. Thanks for clearing that up. Now, if you'd kindly post a photo of your bit coins in your hands, I'll give you some credit.
Big gains on bitcoin this week. Idiots on here keep saying it's going to zero.
I figure that normies are necessary. Normies don't have 'diamond hands'. Normies sell on a whim. Normies drive their ride on mowers into low branches on Jacaranda trees.
Financialy successful people need normies to maintain their excessive lifestyles...
Discuss
Select to expand quotemyscreenname said..
Big gains on bitcoin this week. Idiots on here keep saying it's going to zero.
I figure that normies are necessary. Normies don't have 'diamond hands'. Normies sell on a whim. Normies drive their ride on mowers into low branches on Jacaranda trees.
Financialy successful people need normies to maintain their excessive lifestyles...
Discuss
We're still not buying it Sonny . Let's see how things are looking by the time of your planned cash in date at the end of the current financial year. Good luck 
Select to expand quoteJames said..
We're still not buying it Sonny . Let's see how things are looking by the time of your planned cash in date at the end of the current financial year. Good luck
July 1 2023 is the minimum cash In date. Being a savy investor I want to take advantage of the 50% CGT discount rule.
I'll sell to some normie when BTC is worth around $100k.
Oooooo so many imaginary spendy things!!...that you can't actually see, keep or redeem for anything. So savy.
Select to expand quotemyscreenname said..
I'll sell to some normie when BTC is worth around $100k.
So you are only looking for a 3x return on your gamble ?
Google tells me (if I read it right) the latest horse race today (just as a random example) - Race 6 at Pakenham VIC, the winner Number 3 Aminikii was paying just over 11 to 1 for the win and just under 4 : 1 for a place.
You could have got a much better return in a much shorter period if you'd only put the 32K on a 4 year old gelding.
Select to expand quoteCarantoc said..myscreenname said..
I'll sell to some normie when BTC is worth around $100k.
So you are only looking for a 3x return on your gamble ?
Google tells me (if I read it right) the latest horse race today (just as a random example) - Race 6 at Pakenham VIC, the winner Number 3 Aminikii was paying just over 11 to 1 for the win and just under 4 : 1 for a place.
You could have got a much better return in a much shorter period if you'd only put the 32K on a 4 year old gelding.
Realistically it is possible.
For Bitcoin to reach 100k .
If we manage to keep our inflation at current levels at 10% per annum.
In 109 years bitcoin could be worth even 1 mln!
Then you could buy 1 whole potato
Or half of banana.
All is needed is properly prepared will and grand, grand kids will have fiesta, sharing potato onto 100 plates of mysquick grand kids.
Trouble with bitcoin is that it runs on proof of work. Whenever the price of bitcoin settles competition between miners pushes the margins each make to just a minimal return on investment. It's currently been stable at $25k and mining has leveled out so the main running cost, power, for every miner, is about 80% of the bitcoin rewards. That's currently the power equivalent of a small/medium sized country. And that's enough to get questioned by those pushing to minimise Co2 emissions. 70% of global power is currently generated by fossil fuels. You could argue that a lot of bitcoin miners use renewables, but it's hard to tie down electrons. Especially when Macro connects the global grid with submarine DC cables.
If bitcoin goes to 100k for any length of time the miners will up the effort to 4 small/medium countries. That won't go down well. OK the bitcoin reward halves next year but that's still 2 small/medium countries.
The environmental movement will really start to jack up at $100k. The bitcoin market manipulators know this. They won't let it happen.
Select to expand quoteIan K said..
Trouble with bitcoin is that it runs on proof of work. Whenever the price of bitcoin settles competition between miners pushes the margins each make to just a minimal return on investment. It's currently been stable at $25k and mining has leveled out so the main running cost, power, for every miner, is about 80% of the bitcoin rewards. That's currently the power equivalent of a small/medium sized country. And that's enough to get questioned by those pushing to minimise Co2 emissions. 70% of global power is currently generated by fossil fuels. You could argue that a lot of bitcoin miners use renewables, but it's hard to tie down electrons. Especially when Macro connects the global grid with submarine DC cables.
If bitcoin goes to 100k for any length of time the miners will up the effort to 4 small/medium countries. That won't go down well. OK the bitcoin reward halves next year but that's still 2 small/medium countries.
The environmental movement will really start to jack up at $100k. The bitcoin market manipulators know this. They won't let it happen.
Bitcoin mining uses a lot of energy, but it is driving the use of renewable energy. As more people mine bitcoin, it increases the demand for energy and leads to the development of new renewable energy projects. Many bitcoin miners are now using renewable energy sources like thermal, solar and wind power. As the price of bitcoin increases, the profitability of mining also increases, allowing miners to invest in more efficient and sustainable energy solutions.
Bitcoin, like capitalism, is a beautiful thing for its potential to promote financial freedom, autonomy and decentralization.
Select to expand quotemyscreenname said..
Normies sell on a whim. Normies drive their ride on mowers into low branches on Jacaranda trees.
Financialy successful people need normies to maintain their excessive lifestyles...
Discuss
I am thinking of selling the NFT of the now infamous mower / jacaranda tree incident.
Would you give me $32k for it ?
Then you'd have the right to non-exclusive use of the incident in any future posts.
Win-win.
Select to expand quoteCarantoc said..
Well, more than half way there and I'm sticking with my original guess of;
Down, because it is all just Ponzi-chain letter bollocks.
Well, more than half way there and Bitcoin has made a stunning recovery. Up almost 30% in the last month.
I say it over and over, "buy the dip"
Admit it, and apologise.... Bitcoin is never going to zero.
Not sure how long you've been in the crypto space but it can definaltey get the emotions running high. I've seen it rocket up getting multiple bags on my investment but also had it bottom out on me. You can see 30% down in a day. It goes up quick but drops even quicker. It hurts when your watching the red candle just drop like bleeding line down your computer screen. Bit it also is like money is being printed out of thin air when you see gains of 20+% overnight. Set your stop losses and be prepared for some ups n downs. Take profits in the good times. Even your in it for the HODL then good luck to you and may you stay strong when there's a Sell off.
Select to expand quoteHumdinger said..
Not sure how long you've been in the crypto space but it can definaltey get the emotions running high. I've seen it rocket up getting multiple bags on my investment but also had it bottom out on me. You can see 30% down in a day. It goes up quick but drops even quicker. It hurts when your watching the red candle just drop like bleeding line down your computer screen. Bit it also is like money is being printed out of thin air when you see gains of 20+% overnight. Set your stop losses and be prepared for some ups n downs. Take profits in the good times. Even your in it for the HODL then good luck to you and may you stay strong when there's a Sell off.
I first bought bitcoin and ethereum in 2016. I began to day trade crypto in 2017 during the bull run, buying and selling all sorts of ridiculous ICOs and thought all gains were down to my incredible skill. But when the prices crashed I just figured I was gambling and stressing unnecessary. So I stopped trading. During 2018 I rearanged the deck chairs and converted all the sh1tcoins I had to Ethereum, put it in an off-line wallet and sat on it. Had a bit of a play with DEFI in late 2020 and then sold most of my holdings in 2021. With the gains I took a couple of years off work. Now I just have a modest investment that I'll sell when bitcoin hits $100k.
Most people on here think it's worthless, a ponzi and a big scam. It's fun winding the non-believers up everytime bitcoin makes big upward price moves, like it has this month.
I havnt been in it that long but most of the people that got in and went hard in 2016 are millionaires now
This is not investment advice but I'm bullish on Tesla. In a nutshell, the share price has dropped to around $130 from a high of $400. Which I find kind of strange as Tesla is on track to be the world's best selling car and its the first year that Tesla is in profit. What I find interesting is that Elon is also the founder of OpenAI, the company that developed ChatGPT. I'm of the belief that A.I. is going to revolutionise our lives and Tesla will benefit from it. But do your own research.
Select to expand quotemyscreenname said..
This is not investment advice but I'm bullish on Tesla.
Let's hope Elon is still around in a few years.
twitter.com/elonmusk/status/1616697612043972610?cxt=HHwWhMDTsbP61O8sAAAA
He had a booster shot, not sure he will be. RIP Elon.
It's a booster shot ffs. Harden up Elon!!!
Well that's going to annoy myscreenname, the antivax community have invaded his thread and it will probably get locked.
Select to expand quoteairsail said..
Well that's going to annoy myscreenname, the antivax community have invaded his thread and it will probably get locked.
Urgh! Years later and I'm still being labelled an anti-vaxxer despite being a provaxxer that was injured in a forced trial despite appropriate skepticism.
Select to expand quoteairsail said..
Well that's going to annoy myscreenname, the antivax community have invaded his thread and it will probably get locked.
ok's post in funny images thread was more depressing. I feel for the cvnts, but I'm not sure what more we can do for them.
It would be total crap pulling that short straw.
Pandemic divided us, I wish I knew the answer and could say something to make them feel better.
Select to expand quotemyscreenname said..
Pandemic divided us, I wish I knew the answer and could say something to make them feel better.
Maybe if we refrain from calling these people anti-vax tin foil hat wearing nut jobs?
Select to expand quoteFlying Dutchman said..myscreenname said..
Pandemic divided us, I wish I knew the answer and could say something to make them feel better.
Maybe if we refrain from calling these people anti-vax tin foil hat wearing nut jobs?
I didn't call you that. I called you cvnts
I need someone to peer review this please.
I have a friend with pericarditis. She thinks it was covid itself that gave it to her.
What the odds of covid or the vax being the cause? I'm not sure of dates of boosters of infection either.
