Official Cryptocurrency Thread: Skepticism to Speculation

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

  1. AHebrewToo

    AHebrewToo Albino Hebrew Extraordinaire
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    I've got a couple of neighbor boys that run their own lawn care business during the summer. I bet they have some bitcoin. You should add them to the list of companies using crypto as a reserve asset.
     
  2. user15000

    user15000 Well-Known Member

    You should continue to ignore a trend. Public company buys $250m of btc as reserve asset =/ neighbor boys.

    Last week Jeff Booth, serial entrepreneur who serves on multiple boards, said this is a board level conversation at multiple public companies. Probably nothing though.
     
  3. AHebrewToo

    AHebrewToo Albino Hebrew Extraordinaire
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    You know the guy whose tweet you posted is the CEO of a clip art start up, right? It's not publicly traded and their creditors will likely have to open wallets after attaching their bitcoins in bankruptcy. I get that he cited MicroStrategy's investment in his blog, but you're being intellectually dishonest by replying to my joke by hoping people infer from your response that Snappa is a publicly traded company with $250m of crypto reserve.
     
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  4. user15000

    user15000 Well-Known Member

    I know that Snappa is not Microstrategy. Is that the point of your post? Consider it made.

    One public company is holding half of its cash in an 11 year-old digital asset. Multiple other companies are doing the same thing. Instead of being a disingenuous twat with the neighbor boy lawn mower comment, you might want to think a bit about why this is happening. Or don't. Doesn't really matter in the grand scheme of things.
     
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  5. AHebrewToo

    AHebrewToo Albino Hebrew Extraordinaire
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    I knew you knew Snappa wasn't Microstrategy.

    That's why I said you were being intellectually dishonest.

    I was making fun of you for citing a tiny start up's blog on why they were investing in BTC and you vaguely referred to Microstrategy.

    I think you hoped people wouldn't look into it and think Snappa was another public company making a big investment in crypto.

    Even if that's wrong, and you were just lazy making a complete argument, you were making a strawman argument.
     
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  6. user15000

    user15000 Well-Known Member

    Yes my grand plan is to trick people on TMB into thinking a 7 person Canadian start up is a public company. Ya got me.

    For intellectual dishonesty, keep making snide comments about the neighbor lawn mowers though.

     
  7. user15000

    user15000 Well-Known Member

  8. Harrison Beck

    Harrison Beck Hi, I'm Harrison Beck
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    RUT ROH
     
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  9. HuskerInMiami

    HuskerInMiami Well-Known Member
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    If you're that rich, wouldn't you lance that growth off your face? She might look like Tina Fey then.
    upload_2020-8-27_10-53-43.png
     
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  10. user15000

    user15000 Well-Known Member

  11. HuskerGuy99

    HuskerGuy99 Above Average Member

    Warning was sent over a month ago.
     
  12. Harrison Beck

    Harrison Beck Hi, I'm Harrison Beck
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    Lol
     
  13. Gin Buckets

    Gin Buckets Well-Known Member
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    Was this ever posted itt?

     
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  14. Harrison Beck

    Harrison Beck Hi, I'm Harrison Beck
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    Exit scammed
     
  15. RockHardJawn39

    RockHardJawn39 StEvIS_iN_cBuS/LandlordBob stalks me
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    I haven't checked my crypto accounts in years so I stumbled upon them yesterday. Most of my shit coins are worthless, however I do have some ETH and LTC. Converted all my shit coins on binance to BNB for now. I do have 1600 of whatever LEND is that seems to actually be worth something. I'm guessing I should consolidate all of this into either ETH or BTC?
     
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  16. Harrison Beck

    Harrison Beck Hi, I'm Harrison Beck
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    If you’re not trying to time alts Eth and btc are about as “safe” as it gets in crypto. Hard to see eth staying down with all the defi stuff running on eth.
     
  17. user15000

    user15000 Well-Known Member

    To follow up on your "clip art start up" disingenuous comment, Snappa has $1.5m in yearly revenue. Launched in November 2015.

    Kinda like the neighbor lawn boys I guess.
     
  18. AHebrewToo

    AHebrewToo Albino Hebrew Extraordinaire
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    For Sale By Owner: prime real estate in User15000’s head.

    Accepting only real currencies.
     
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  19. user15000

    user15000 Well-Known Member

    The “you mad.” Stay cute.
     
  20. user15000

    user15000 Well-Known Member

    And the founder was on a podcast this week. Just figured I’d correct the record.
     
  21. user15000

    user15000 Well-Known Member

    Don't you have homework before you post more stupid shit in here?
     
  22. southside

    southside Well-Known Member
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    Tether market cap up 50% since bitcoin has been dumping last few weeks.

    hurrrr durrrrr they control the market
     
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  23. user15000

    user15000 Well-Known Member

    This might be bullish but idk.

     
    #10075 user15000, Sep 15, 2020
    Last edited: Sep 15, 2020
  24. user15000

    user15000 Well-Known Member



    “We just had the awful realization that we were sitting on top of a $500 million ice cube that’s melting,” Saylor said. MicroStrategy has settled on bitcoin as the treasury alternative.

    “This is not a speculation, nor is it a hedge, OK,” said Saylor. “This was a deliberate corporate strategy to adopt a bitcoin standard.”
     
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  25. HuskerGuy99

    HuskerGuy99 Above Average Member

    Wow going down the old Winklevoss road again? How'd that work out last time?

    Cramer advocating it is the biggest sell signal I've seen you post yet.
     
  26. HuskerGuy99

    HuskerGuy99 Above Average Member

  27. user15000

    user15000 Well-Known Member

    Is it a public company buying $425m of beanie babies?

    Your homework is taking awhile. When can we anticipate your completion?
    Add this to your list of assignments.
     
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  28. user15000

    user15000 Well-Known Member

    You, an idiot: stop shilling tmb posters on btc.

    Market: public company buys $425m of btc to serve as reserve asset.

    It will never not be funny that you think I give a single fuck whether anyone on this board buys btc when there’s a public company CEO so far down the rabbit hole he just spent $425m of his cash on it.
     
  29. HuskerGuy99

    HuskerGuy99 Above Average Member

    lol you're an emotional shill. Worst kind. $425M is bird droppings in the grand scheme of things. I suggest that for your sake you revisit the risk-asymmetry in the Bitcoin and crypto in general. Maybe overlap the S&P 500 with the Bitcoin and take a look. You are now assuming full risk of holding digital beanie babies with none of the upside. The banks and rich people control the crypto now (perhaps they always have?). You are at their mercy. Jim Cramer can't wait to dump his bags on you.
     
  30. user15000

    user15000 Well-Known Member

    Overlap like this?



    or maybe you prefer your S&P in gold: https://pricedingold.com/sp-500/
     
  31. HuskerGuy99

    HuskerGuy99 Above Average Member

    Took me about 10 seconds to find this, so I'll throw you a bone and even cite a crypto-Twitter source (since you love to believe them without question):

     
  32. user15000

    user15000 Well-Known Member

    Oh you meant correlation. And your point is what?

    You’re really good at acting like you know some big secret without ever saying it.

    What’s taking you so long on the homework?
     
  33. user15000

    user15000 Well-Known Member

    It is not news that they’ve moved together:

     
  34. HuskerGuy99

    HuskerGuy99 Above Average Member

  35. HuskerGuy99

    HuskerGuy99 Above Average Member

    Good. Glad we got that out of the way.
     
  36. user15000

    user15000 Well-Known Member

    Your homework though?
     
  37. HuskerGuy99

    HuskerGuy99 Above Average Member



    Still waiting for you to refute.

    And that snapshot is just a beautiful summation of things, isn't it?
     
  38. user15000

    user15000 Well-Known Member

    I’ve posted multiple times in response to Dalio, including multiple articles plus my own thoughts. Don’t be obtuse. Why do you keep ignoring the questions?
     
  39. user15000

    user15000 Well-Known Member

  40. user15000

    user15000 Well-Known Member

  41. —

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    But have they considered the fact everything good about bitcoin isn’t actually good if you turn your cynicism meter up to 11?
     
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  42. user15000

    user15000 Well-Known Member

    Public company just bought $425m of btc, the Office of the Comptroller of the Currency has stated that national banks and savings associations can engage in crypto custody services for clients, Wyoming just approved a banking charter for Kraken, Fidelity launched a btc fund for wealthy investors, countless hedge funds and family offices hold btc.

    But ya sure it's totally going to get banned.
     
  43. southside

    southside Well-Known Member
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    Wyoming always leading the way
     
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  44. user15000

    user15000 Well-Known Member

    It's trying to be to crypto what Delaware is for corporations.
     
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