Official Cryptocurrency Thread: Skepticism to Speculation to FIGHT! FIGHT! FIGHT!

Discussion in 'The Mainboard' started by Nantucket, Jan 29, 2017.

  1. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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  2. Whammy

    Whammy Donde es
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  3. user15000

    user15000 Well-Known Member

    Halving is in ~ a year. Ain’t rocket science. Gonna be a fun decade.
     
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  4. Whammy

    Whammy Donde es
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    It’s happeningggg

     
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  5. Lyrtch

    Lyrtch My second favorite meat is hamburger
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  6. letan

    letan Just looking for the gator board
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    How big of an idiot is this one dude?
     
  7. user15000

    user15000 Well-Known Member

    Just an insanely dumb bet with no way to hedge. If he truly believed that, he could bet $2m on it and probably get 1000+:1 odds.
     
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  8. user15000

    user15000 Well-Known Member

    It’s so dumb that part of me wonders if Coinbase is paying him the $2m for marketing purposes.
     
  9. Bricktop the white

    Bricktop the white Well-Known Member

    i would like to take this time to offer the exact same bet to any of our crypto posters.
     
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  10. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    Liquidating my cum cat portfolio to get in on this.
     
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  11. user15000

    user15000 Well-Known Member



    He knows it'll lose and just views it as sounding the alarm.
     
  12. Harrison Beck

    Harrison Beck Bailout Bro
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    Whenever you can take a losing bet to prove a point you absolutely have to do it.
     
  13. Redav

    Redav One big ocean
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    Cryptocurrencies add nothing useful to society, says chip-maker Nvidia

    Really going out on a limb there Nvidia
     
  14. Lyrtch

    Lyrtch My second favorite meat is hamburger
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  15. Harrison Beck

    Harrison Beck Bailout Bro
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    Reminds me of the Credit Suisse article I read last week.
     
  16. Lyrtch

    Lyrtch My second favorite meat is hamburger
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  17. Whammy

    Whammy Donde es
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    Saved my bags
     
  18. Harrison Beck

    Harrison Beck Bailout Bro
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    usdc is essentially fed coin so it makes sense
     
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  19. Harrison Beck

    Harrison Beck Bailout Bro
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  20. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    Is this the one where they want to throw ppl in jail for using a VPN?
     
  21. Harrison Beck

    Harrison Beck Bailout Bro
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    I believe that’s the tik tok one. This is just one of the main focuses of her re election campaign.
     
  22. letan

    letan Just looking for the gator board
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    Is being anti crypto really going to move the needle? Or I guess she’s probably getting re-elected anyways so just a way to get her opinion out there? Feel like we’ve got some bigger issues to tackle
     
  23. AptosDuck

    AptosDuck Pedantic Hausfrau
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    It's just another reason to like her
     
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  24. Harrison Beck

    Harrison Beck Bailout Bro
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    Big to small. Magic beans on the internet first then we can get to our kids being murdered in schools every day.
     
    #23276 Harrison Beck, Mar 30, 2023
    Last edited: Mar 30, 2023
    letan likes this.
  25. Whammy

    Whammy Donde es
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  26. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
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    In before user15000 says Bitcoin is the only non-security.
     
  27. user15000

    user15000 Well-Known Member

    ??

    I think they’re morons for selling an asset for dollars that they could just click/print, but not sure what that has to do with the security/non-security issue.

    If they had eth, btc, doge, or cumrocket coin via Silk Road, then they’d be selling. The securities regulations have zero impact on that.

    To simplify this: btc can be a non-security while coinbase violates securities laws by selling and marketing non-btc securities. These are not remotely incongruent positions.
     
  28. Harrison Beck

    Harrison Beck Bailout Bro
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  29. Yanks711

    Yanks711 TMB's Hoosier
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    What's going on with Doge?? Took off like 12% in the last 15 minutes or so
     
  30. bro

    bro Your Mother’s Favorite Shitposter
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    it is in the banner on Twitter
     
  31. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    Didn't watch that video but the quote is true.

    Fiat stays winning
     
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  32. Harrison Beck

    Harrison Beck Bailout Bro
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    It is true. You can’t throw darts at it.
     
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  33. user15000

    user15000 Well-Known Member

    It's a supremely dumb talking point from her, and she comes across like an uneducated moron on the entire topic. Considering she's been anti-bank most of her career, maybe she should give some thought to why her anti-crypto "army" is getting interest from bank lobbyists.
     
  34. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
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    Violence backed currency in 2023 when we’re supposed to have flying cars.
     
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  35. user15000

    user15000 Well-Known Member

  36. Harrison Beck

    Harrison Beck Bailout Bro
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    Everytime Saylor buys it’s a local top.
     
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  37. user15000

    user15000 Well-Known Member

    Meh. Their last buy was like $150m in the 23s. Price has been in the 27-28 range for weeks. Hardly a local top.
     
  38. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
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    I think it’s more indicative that someone(s) have a hefty bot trader tied to his tweets because it dumps when he posts it every time.
     
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  39. Harrison Beck

    Harrison Beck Bailout Bro
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    Cool and his previous 50 buys?
     
  40. user15000

    user15000 Well-Known Member

    Harrison Beck 's point was more that they often will have bought around the top of the recent history--e.g., if it traded between 25 and 28k the last 2 weeks and is now at 25k, then more often than not their buy price would be something shitty like 28k. I've noticed that in the past, but it's definitely not an every time thing.

    I've never noticed the market price trading negatively post-announcement.

    All of their buys are listed here, although doesn't look like it's updated yet for today: https://bitcointreasuries.net/entities/1
     
  41. user15000

    user15000 Well-Known Member

    I posted the numbers. I'm sure some were poorly timed and some weren't. That's kind of the nature of buying at random times when the company has available cash and lacks the ability to predict the future. He's talked about it before: doesn't think he has any ability to predict or time the market in any short-term timeframe, buys when he has cash, etc.

    They have buys ranging from $10k to $58k. It's pretty clear he doesn't give a shit about predicting short-term price. He's a buyer at any price.
     
  42. Harrison Beck

    Harrison Beck Bailout Bro
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    looks like 17 out of his 25 buys are underwater.
     
  43. user15000

    user15000 Well-Known Member

    17/25 is an irrelevant number when 9 of the 17 are for tiny fractions of the 140,000 he holds. If I have 140,000 btc with 100,000 purchased around 29k, I wouldn't care that I had a bunch of tiny buys in the 40s and 50s.

    The $29.8 average buy number is the only one that matters.
     
  44. Harrison Beck

    Harrison Beck Bailout Bro
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    I would not be proud of that average buy number. Agree to disagree I guess.
     
  45. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
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    You have to remember that maxis think it goes to $100 trillion MC.
     
  46. user15000

    user15000 Well-Known Member

    I'm sure it's relatively simple to find out what his price would be if they bought every day (or weekly/monthly) from August 10, 2020 to present. I'm sure it's lower than $29.8k since I saw someone do that math recently if you bought daily starting at the $69k top, and it came out to an average buy of like $25k. I just kind of doubt the company's strategy is to buy on a daily/weekly basis. Would guess that creates some operational/legal problems for a public company.
    If it goes to $2T, it will have been a pretty clear correct decision for the company and its shareholders (already is the correct decision if you're judging on stock price). If it hits $5T+, it's one of the best public company strategic decisions in...idk history? No one has to think that $100T will happen in order to think buying btc at a $540b market cap is a good idea.
     
  47. Harrison Beck

    Harrison Beck Bailout Bro
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    I would expect a btc maxi company to understand the halving cycles a bit better than this and buy and sell accordingly. To come away with an average buy price that is underwater rn is borderline embarrassing.