August 17, 20214 yr I don't know, man, 5 years is an eternity in cryptocurrency markets. If 15 years is the minimum risk-mitigated holding period for something like the S&P, then I wouldn't be shocked if 5 years becomes a similar metric for something like btc.
August 17, 20214 yr Author 23 minutes ago, vikas83 said: People can always be irrational for longer than expected. Man, it is the complete opposite lmfao. If you think the fastest appreciating assets in history, with two of the most important ideas we've created in unstoppable code and unstoppable money that are growing at a rate faster than the internet are going to go backwards, that is beyond irrational. That's playing against the odds with massive returns in your favor and pissing it away
August 17, 20214 yr Author Being a crypto bear is a mental illness at this point. Bitcoin is up 4,640,000%. It is free to download a wallet and very cheap to use the Bitcoin network. On YouTube exist brilliant people that explain it for free and why it's so important How can you not spend your time and energy learning deeply about this topic from brilliant people when it's still so early you can make massive gains? I'll never understand it
August 17, 20214 yr 3 minutes ago, mattmcginley7 said: Man, it is the complete opposite lmfao. If you think the fastest appreciating assets in history, with two of the most important ideas we've created in unstoppable code and unstoppable money that are growing at a rate faster than the internet are going to go backwards, that is beyond irrational. That's playing against the odds with massive returns in your favor Regulation was always the risk. It's why I waited for the regulatory winds to shift a few years back. BTC is worth nothing if you can't exchange it for dollars and you cant buy anything with it,
August 17, 20214 yr 1 minute ago, mattmcginley7 said: Being a crypto bear is a mental illness at this point. Bitcoin is up 4,640,000%. It is free to download a wallet and very cheap to use the Bitcoin network. On YouTube exist brilliant people that explain it for free and why it's so important How can you not spend your time and energy learning deeply about this topic from brilliant people when it's still so early you can make massive gains? I'll never understand it I'm pretty sure he learned about it dude. He just understands the risk that you ignore.
August 17, 20214 yr Author Just now, TEW said: Regulation was always the risk. It's why I waited for the regulatory winds to shift a few years back. BTC is worth nothing if you can't exchange it for dollars and you cant buy anything with it, A world where they'd ban a system of information that has no military backing it, no weapons, not even an office, because people with free choice prefer it, would mean the world is totally f'ed no matter what. I'm starting to think countries actually will start to look at Bitcoin as the safety net to their monetary policy. It won't be competition; it will be the crutch they can fall back on and have confidence it will hold up. But that's not soon. Eventually down the line
August 17, 20214 yr Just now, mattmcginley7 said: A world where they'd ban a system of information that has no military backing it, no weapons, not even an office, because people with free choice prefer it, would mean the world is totally f'ed no matter what. I'm starting to think countries actually will start to look at Bitcoin as the safety net to their monetary policy. It won't be competition; it will be the crutch they can fall back on and have confidence it will hold up. But that's not soon. Eventually down the line Or governments want control, like they always do.
August 17, 20214 yr Author 4 minutes ago, TEW said: I'm pretty sure he learned about it dude. He just understands the risk that you ignore. "the allure of Bitcoin is it's anonymity" No, there are other protocols that offer better anonymity. Cash offers better anonymity. Bitcoin's allure is unstoppable money for all that can't be debased.
August 17, 20214 yr Author 1 minute ago, TEW said: Or governments want control, like they always do. Of course, but they'll take what they can get. They can't stop it. Their best course of action is to be friendly with it. They have no other alternative
August 17, 20214 yr The U.S. was never going to ban bitcoin. Anyone who thought that was even remotely plausible was delusional at best. There is no future in this country where cryptocurrency isn't a major part of the fintech landscape. How that translates to coin prices is anyone's guess, and the volatility is as massive as ever, so those who are wary of the risk (myself included) aren't "wrong" for not yolo'ing 100% of their portfolio into btc. But the technology is technically sound and to be honest, as a proof of concept, it was nearly flawless from the beginning. A true marvel, regardless of how you view the long-term prospects.
August 17, 20214 yr Author 7 hours ago, Aspiritfall said: Aren't they going to have to accept bitcoin at their El Salvador locations? Maybe this is related? I didn't read the article but I thought I saw something online today about that I know that if they do business in El Salvador they have no choice but to accept it. It will be a good testnet for companies to build what they need and become comfortable with using it for payments and holding
August 17, 20214 yr Got my money set for a breakout to 47 48k then a higher low down to 40k then rocket ship fuel. Looking at CAKE, SUSHI, MATIC, TRIAS, in the short term and still TEL as my moon shot play.
August 18, 20214 yr Author https://www.bloomberg.com/opinion/articles/2021-08-15/niall-ferguson-nixon-the-gold-standard-and-a-bitcoin-bonanza "I feel in my bones that trying to compete with China to build the best central bank digital currency is a mug’s game. The American way is to let innovation rip. Avichal Garg of Electric Capital is right in thinking that the best strategy to preserve the dominance of the dollar is precisely to encourage the international adoption of dollar-linked stablecoins, rather than to stamp them out. As the internet of money grows, the dollar is well placed to be the preferred global on- and off-ramp, connecting the nascent "metaverse” to the physical world where we still pay our taxes in fiat. If we have learned nothing else from the past half-century, it is surely that the best way to win a race with totalitarian rivals is not to copy them, but to out-innovate them. Make the wrong decision at this historic turning point, and we shall be interrupting a much bigger bonanza than Nixon did."
August 18, 20214 yr 27 minutes ago, mattmcginley7 said: the best strategy to preserve the dominance of the dollar is precisely to encourage the international adoption of dollar-linked stablecoins Truth. USDC also happens to be how I elected to be paid out in blockfi interest.
August 18, 20214 yr 1 minute ago, we_gotta_believe said: Who's Hinman? The SEC prosecution against XRP. The SEC has absolutely blundered this case so far and just gives XRP all the more ammo to trend up.
August 18, 20214 yr 5 minutes ago, DaEagles4Life said: The SEC prosecution against XRP. The SEC has absolutely blundered this case so far and just gives XRP all the more ammo to trend up. Where can you buy it now? Just binance? I still have 50 or so coins just sitting in Coinbase, completely illiquid.
August 18, 20214 yr 3 minutes ago, we_gotta_believe said: Where can you buy it now? Just binance? I still have 50 or so coins just sitting in Coinbase, completely illiquid. Looks like Coinbase stopped trading until SEC things blows over. I use Kuzcoin personally
August 18, 20214 yr Just now, DaEagles4Life said: Looks like Coinbase stopped trading until SEC things blows over. I use Kuzcoin personally Yeah that was a while back. My coins have been frozen for over a year or more.
August 18, 20214 yr 12 minutes ago, we_gotta_believe said: Yeah that was a while back. My coins have been frozen for over a year or more. Oh damn that sucks you can't sell them. Hopefully can get them back before this rocket ship ends. Could you imagine the SEC walking back from the case during this run. crap would hit the moon.
August 18, 20214 yr 4 minutes ago, DaEagles4Life said: Oh damn that sucks you can't sell them. Hopefully can get them back before this rocket ship ends. Could you imagine the SEC walking back from the case during this run. crap would hit the moon. I think I can send them to my binance wallet but last time I tried to log in, I couldn't remember my password. I think I had a small amount of eth in there too that's probably worth a lot more now. Maybe a couple hundred dollars between the eth and xrp if I can ever get back in.
August 20, 20214 yr 4 minutes ago, DaEagles4Life said: Some big news here What is the significance of this?
August 20, 20214 yr 29 minutes ago, Aspiritfall said: What is the significance of this? They bought in 2B in Quarter 2 of 2021, and on top of that will add 500 million in crypto to their balance sheets. This is just more big money coming into crypto and right now BTC was looking for a reason to explode. This just might be the rocket fuel it needs.
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