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The Bubbly Bitcoin Thread -- Merged Threads


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Just now, smash said:

I wanted to actually but Kraken was only giving me the option to convert to BTC then I was able to to convert that into anything but I thought too much hassle, inefficient with fees etc so left in the bloated behemoth. 

Hmm strange

I just sold to dollars then bought eth

You need to change to dollars to sell doge in kraken wont work in £

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1 minute ago, longgone said:

Hmm strange

I just sold to dollars then bought eth

You need to change to dollars to sell doge in kraken wont work in £

Yes, I was just familiarising myself with Kraken on thursday night, didn't have a clue about it before.

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11 hours ago, warpig said:

QE has morphed into MMT... a new system is coming... but out of the ashes of the old one.

@warpigBut it seems only central banks/government aka vested interests believe in MMT.  It's not reality.  Listen to more 'independent' macro thinkers such as Luke Gorman, Liz Alden, even Raoul Pal.  They know where this is heading.

10 hours ago, Peter Hun said:

It's incoherent because I have not the faintest idea what it means. 

Cut and paste spamming is as lazy as it gets, why not try making a comment yourself? 

@Peter Hun

Please let me explain.  I do not post for the benefit of hardened 'no-coiners.' I post for others who may be in the early stages of their journey and what may be considered significant, interesting or humorous info./news.

Of course no one is compelled to read my posts nor do i assume all will be interested. For example, Rizzo (Satoshi at 10 years author), doesn't even follow Bitcoin reguarly.  Why?  Becasue he understands BTC and 'know's the end game.

For those on here who have gone through several halvings (well, most), they also understand this.  They seem to post on this thread for fun, to educate others, to wind up the no-coiners and shoot down your poorly researched opposition, which is why you perhaps find the BTC thesis incoherent.  I lacked understanding previoulsy so you are in good company.

To note, I love 'spamming' about BTC.  It is a very honourable job and assists with my understanding.  I'm here to learn.  

By the way, you can always ignore my posts. 

Anyway, let me get back to Lynn Alden discussing the economy on Kitco. 

7 hours ago, Dorkins said:

Does anybody know what the historical relationship is between alt and BTC crashes? On the way up BTC moves first then alts after, on the way down it's alts crash first then BTC after?

@DorkinsI watched a video by Dan Held, which featured a video demonstrating this...I think it's titled Alts v Bitcoin, or similar. 

Added:  

 

6 hours ago, MonsieurCopperCrutch said:

He’s talking about multi year plan to shorting Bitcoin and performing a 51% attack. this should help explain better:

https://braiins.com/blog/how-much-would-it-cost-to-51-attack-bitcoin

@MonsieurCopperCrutchThank you for this.  As you will know, Andreas A has covered 51% attacks in great detail.  Having done a bit more research on Paul, he doesn't seem to have a deep background in computer science etc. I'm surprised he hasn't been challenged on his idea.  

47 minutes ago, smash said:

I offloaded my Doge on thursday night after reading about a mega whale who had nearly 30% of them. I got a 35% return within less than 3 weeks which is not getting too greedy with chitcoins. Mind you when I say got a 35% return I did actually convert them to BTC, got a tiny fraction of a single coin. So in my case MrCopperCrutch is probably right - it does all end up with big daddy.

@smashit seems you reached this point quicker than most.

Edited by Buffer Bear
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3 hours ago, wighty said:

How do you buy that then?. Another pancake?

 

Crypto.com are listing it. For some reason. Thats how I heard about it, people on the Crypto.com reddit wanking themselves off over how many million Shiba coins they bought. Other than that I think its on uni-swap.

 

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2 hours ago, smash said:

I offloaded my Doge on thursday night after reading about a mega whale who had nearly 30% of them. I got a 35% return within less than 3 weeks which is not getting too greedy with chitcoins. Mind you when I say got a 35% return I did actually convert them to BTC, got a tiny fraction of a single coin. So in my case MrCopperCrutch is probably right - it does all end up with big daddy.

Seen it happen repeatedly for years. They all come back to daddy eventually. Which is why I'm chilled seeing @longgone lettuce hands pump his chitcoins. 

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1 hour ago, Buffer Bear said:

@warpigBut it seems only central banks/government aka vested interests believe in MMT.  It's not reality.  Listen to more 'independent' macro thinkers such as Luke Gorman, Liz Alden, even Raoul Pal.  They know where this is heading.

@Peter Hun

Please let me explain.  I do not post for the benefit of hardened 'no-coiners.' I post for others who may be in the early stages of their journey and what may be considered significant, interesting or humorous info./news.

Of course no one is compelled to read my posts nor do i assume all will be interested. For example, Rizzo (Satoshi at 10 years author), doesn't even follow Bitcoin reguarly.  Why?  Becasue he understands BTC and 'know's the end game.

For those on here who have gone through several halvings (well, most), they also understand this.  They seem to post on this thread for fun, to educate others, to wind up the no-coiners and shoot down your poorly researched opposition, which is why you perhaps find the BTC thesis incoherent.  I lacked understanding previoulsy so you are in good company.

To note, I love 'spamming' about BTC.  It is a very honourable job and assists with my understanding.  I'm here to learn.  

By the way, you can always ignore my posts. 

Anyway, let me get back to Lynn Alden discussing the economy on Kitco. 

@DorkinsI watched a video by Dan Held, which featured a video demonstrating this...I think it's titled Alts v Bitcoin, or similar. 

Added:  

 

@MonsieurCopperCrutchThank you for this.  As you will know, Andreas A has covered 51% attacks in great detail.  Having done a bit more research on Paul, he doesn't seem to have a deep background in computer science etc. I'm surprised he hasn't been challenged on his idea.  

@smashit seems you reached this point quicker than most.

I don't mind you posting you opinions, it's the multiple posts of cut and paste that's spam. It's actually against site rules.

As for BTC, your end game, make Bitcoin big enough that it will take over the world, is fundamentally flawed. Its impossible. Ethereum has a far greater prospect but even it has major flaws.

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1 hour ago, Peter Hun said:

I don't mind you posting you opinions, it's the multiple posts of cut and paste that's spam. It's actually against site rules.

As for BTC, your end game, make Bitcoin big enough that it will take over the world, is fundamentally flawed. Its impossible. Ethereum has a far greater prospect but even it has major flaws.

If you think that @Buffer Bear pasting Bitcoin links in a Bitcoin thread is spamming then clearly you do not understand what spamming actually is. It begs the question if you find such behaviour offensive then why visit the thread as it looks more to me that you have the problem.

Don't believe me let's look at the Oxford dictionary:

 

spamming

 noun
 
/ˈspæmɪŋ/
 
/ˈspæmɪŋ/
[uncountable] (informal)
  1. the practice of sending mail, especially advertising material, through the internet to a large number of people who have not asked for it
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9 hours ago, ubuntu said:

agree with that, some say US govt/fed trying to engineer the crypto top with stock market top for around Sep before markets start crashing in Q4.

Market's historically crash in September because of end of year reporting... If the markets can last that long I'll be impressed...

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5 hours ago, Buffer Bear said:

@warpigBut it seems only central banks/government aka vested interests believe in MMT.  It's not reality.  Listen to more 'independent' macro thinkers such as Luke Gorman, Liz Alden, even Raoul Pal.  They know where this is heading.

The central banks are the monetary arm of the government, they're not independent any more. MMT is the government's reality even if it defies the law of economics.  What are they saying? In their view, where is this heading?

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3 hours ago, Peter Hun said:

As for BTC, your end game, make Bitcoin big enough that it will take over the world, is fundamentally flawed. Its impossible. Ethereum has a far greater prospect but even it has major flaws.

Eth already did a fork to reverse parts of a supposedly immutable blockchain. I prefer bitcoin for my savings.

And going off market cap the market seems to agree, but I’m sure you’re cleverer than the market

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3 hours ago, Peter Hun said:

It's actually against site rules.

@Peter HunPerhaps, this statement reveals so much about your outlook on life/BTC.  It doesn't follow the rules.  That's it's beauty. 😁😁

2 hours ago, MonsieurCopperCrutch said:

If you think that @Buffer Bear pasting Bitcoin links in a Bitcoin thread is spamming then clearly you do not understand what spamming actually is. It begs the question if you find such behaviour offensive then why visit the thread as it looks more to me that you have the problem.

Don't believe me let's look at the Oxford dictionary:

 

spamming

 noun
 
/ˈspæmɪŋ/
 
/ˈspæmɪŋ/
[uncountable] (informal)
  1. the practice of sending mail, especially advertising material, through the internet to a large number of people who have not asked for it

@MonsieurCopperCrutchThank you.  You saved me a post! 

23 minutes ago, warpig said:

The central banks are the monetary arm of the government, they're not independent any more. MMT is the government's reality even if it defies the law of economics.  What are they saying? In their view, where is this heading?

That's the point @warpig. It will all unravel eventually.  Created debt that cannot be repaid.  Money-printing has historical precedence. According to those who do not support MMT principles, it will be no different. 

 

Check out YouTube, for a wide range of perspectives.

Edited by Buffer Bear
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2 minutes ago, Buffer Bear said:

@Peter HunPerhaps, this statement reveals so much about your outlook in life.

@MonsieurCopperCrutchThank you.  You save me a post! 

That's the point @warpig. It will all unravel eventually.  Created debt that cannot be repaid.  Money-printing has historical precedence. According to those who do not support MMT principles, it will be no different. 

 

Check out YouTube, for a wide range of perspectives.

No problem BB. Just don't let anyone stop you posting Bitcoin news and links in the official Bitcoin thread. That is NOT spamming. I for one read and enjoy your posts as do others, as you're always sharing the latest news. Good or bad. 

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8 minutes ago, Buffer Bear said:

That's the point @warpig. It will all unravel eventually.  Created debt that cannot be repaid.  Money-printing has historical precedence. According to those who do not support MMT principles, it will be no different. 

Check out YouTube, for a wide range of perspectives.

MMT, perpetual bonds, UBI and CBDC all come after the crash... that's "their" proposed solution to the problem, that they created. We're being led down the garden path to the wood shed.

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Ethereum's path to $40,000, plus 5 stock picks from Baillie Gifford

3 hours ago

 

2021 02 08T000000Z_559438295_RC2MOL9MK63A_RTRMADP_3_CRYPTO CURRENCY FLOWS.JPG
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11 minutes ago, MonsieurCopperCrutch said:

No problem BB. Just don't let anyone stop you posting Bitcoin news and links in the official Bitcoin thread. That is NOT spamming. I for one read and enjoy your posts as do others, as you're always sharing the latest news. Good or bad. 

+1

Compare with some of the shit the denialist twits have been allowed to get away with on the coronavirus thread.

 

 

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