[careinke]

BTC market cap is #10 when compared to all countries M1 assets, jumping over Canada and Australia yesterday.


Peace

[careinke]

Hello All,

There were a lot of good presentations going on at "Bitcoin Atlantis" in Madeira Portugal last week. Most of the presentations were from very successful BTC maximalist's who are not that interested in Shitcoins. I found the one I brought you today very educational. Jack Mallers' presentation is basically explaining how Bitcoin is the Atomic Clock for the Internet. It's a pretty down to earth, fun 30 minute watch.


Jack Mallers' Passionate Talk at Bitcoin Atlantis 2024 in Madeira:
https://www.youtube.com/watch?v=KMHT9irdF2A

I highly recommend watching it. If you do, you will know more about BTC than about 90% of the world population. If you don't that's OK, soon everyone will be aware of BTC, and this link will still be here for you. It's a great starter for going down the rabbit hole.

Full Disclosure, Solana (SOL), that Jack completely trashes is my second largest holding after Bitcoin. But that's another conversation.

Peace

[theluckycountry]

$this->bbcode_second_pass_quote('careinke', 'B')TC market cap is #10 when compared to all countries M1 assets, jumping over Canada and Australia yesterday.

[theluckycountry]

[careinke]

Hi Lucky! I knew last night you would show up today,

Actually, it was over a $10K swing from $69.3K to $59.2K so far today. If it stayed there, it would bring us all the way back to 6 days ago. This was expected by everyone who has been around for a while. Will you be back in a couple of days when we are back at new all-time highs? How about at the end of April, when we are flirting with $100K? Watch and learn.

Today recked a lot of margin, traders both longs and shorts, all within a few hours. This is why I no longer trade crypto on margin. Of course, this is all manipulated by the new institutional money coming into the market by the billions per week in the US alone. Currently, the miners are producing 900BTC per day and the ETF's are buying 9,000BTC a day. Oh, and the miners are only selling about 80% of what they produce.

Wow your Gold made a 3X in 15 years, while BTC made a 3,150X in those same 15 years. I only started BTC 10 years ago so my multiplier is smaller, only a 157.5X so far today. Your turtle is going backwards especially when the $AUD has dropped from par against the $US to only .65% of 1USD today. Then again, we haven't even looked at inflation which makes it even worse. Just keep listening to Shift, you will be fine.

I just checked, BTC is over 100,000 $AUD. You guys broke all-time BTC highs a few days ago!!

While I have your attention, some Aussies are reporting their banks are limiting crypto purchases by individuals to 10,000$AUD/Month I wonder if that is widespread? If so you will never be able to own a whole bitcoin. Sorry for you, of course there are other ways to get BTC.

Peace

[theluckycountry]

$this->bbcode_second_pass_quote('careinke', 'T')his was expected by everyone who has been around for a while. Will you be back in a couple of days when we are back at new all-time highs? How about at the end of April, when we are flirting with $100K?

While I have your attention, some Aussies are reporting their banks are limiting crypto purchases by individuals to 10,000$AUD/Month I wonder if that is widespread?

[careinke]

Lucky,

Yea I'm predicting around 100K USD by the end of April. Also, I edited my post, the miners are making 900 BTC a day not 90.

Here is an Ausie Bit Coiner I watch, mostly because of you.

https://www.youtube.com/@gdaybitcoin

He is pretty entertaining. Enjoy.

Peace

[careinke]

An update on the current BRICS status, from a Russian perspective. She is WAAAYYY better looking than Shiff.
https://www.youtube.com/watch?v=C3N77IQojX8

Presently most of the trades Russia is making in its trades are using rubles and E-wan. they are working on a block chain that avoids politics and can trade in local currencies. Russia claims it was not them who restricted use of the Swift system, but the U.S.

I think BTC would be the perfect nonpolitical Block Chain.

Peace

[careinke]

I'd forgotten about this thread.

Go back and read it from the beginning. Six String could have bought BTC for $8.00 a coin, he mentioned throwing $500.00 at it. lets see if he had done that and held it he would now have 62.5 BTC, and it would be worth $4,195,125.00 soon to be over $6.2 Million.

I don't show up until page 2, but my prediction of a country adopting Cryptocurrency within 10 years certainly came true.

Some people are slow learners. Take heart, it's still very early, and you are still welcome.

Peace

[mousepad]

$this->bbcode_second_pass_quote('careinke', '
')Go back and read it from the beginning. Six String could have bought BTC for $8.00 a coin, he mentioned throwing $500.00 at it. lets see if he had done that and held it he would now have 62.5 BTC, and it would be worth $4,195,125.00 soon to be over $6.2 Million.

[careinke]

$this->bbcode_second_pass_quote('mousepad', '')$this->bbcode_second_pass_quote('careinke', '
')Go back and read it from the beginning. Six String could have bought BTC for $8.00 a coin, he mentioned throwing $500.00 at it. lets see if he had done that and held it he would now have 62.5 BTC, and it would be worth $4,195,125.00 soon to be over $6.2 Million.

[mousepad]

$this->bbcode_second_pass_quote('careinke', ' ')Most people using BTC this way have a Protocall called Lightning

[careinke]

People that use fiat currency have a name...
https://www.youtube.com/watch?v=B5if2hthPCs

we call them poor.

Peace

[theluckycountry]

You really need to post this dribble over on reddit inki, it so patently fan boi. I just checked the price chart of BC, it's up 30 or 50% from around the time everyone was buying into it back in the last bubble top of 2021. The price gains of Nvidia over that timeframe eclipse it by miles. Everyone who bought bitcoin likes to brag they got in with mountains of coins when they were a hundred dollars but we all know that's bullshit because if they had they'd be off on a private island now.

I wouldn't be popping any champagne corks until it had achieved 1000% over it's last top myself. Until then it's just a risky asset with a half decent upside. Nvidia is up from $3 back early last decade to $900 today, another bubble for sure but at least a company with a proven product and huge sales volume. It's based on real world fundamentals too, not the delusional prophesies of a deranged businessman.

Rational Businessman



Insane one, driven to the edge by years of disappointment and loss

[careinke]

$this->bbcode_second_pass_quote('theluckycountry', 'Y')ou really need to post this dribble over on reddit inki, it so patently fan boi. I just checked the price chart of BC, it's up 30 or 50% from around the time everyone was buying into it back in the last bubble top of 2021. The price gains of Nvidia over that timeframe eclipse it by miles. Everyone who bought bitcoin likes to brag they got in with mountains of coins when they were a hundred dollars but we all know that's bullshit because if they had they'd be off on a private island now.

I wouldn't be popping any champagne corks until it had achieved 1000% over it's last top myself. Until then it's just a risky asset with a half decent upside. Nvidia is up from $3 back early last decade to $900 today, another bubble for sure but at least a company with a proven product and huge sales volume. It's based on real world fundamentals too, not the delusional prophesies of a deranged businessman.

Rational Businessman



Insane one, driven to the edge by years of disappointment and loss

[mousepad]

$this->bbcode_second_pass_quote('', '
')Crypto in its current form is worse than gambling.
With gambling, unless it's illegally rigged, you know your expected value will be say $0.90 for every $1 you put in.

However, in return, there is a possibility that you may have a one in million chance of getting back $100 for the $1 you put in.

Crypto, on the other hand, is a Ponzi scheme. It has no internal value and the current owners of crypto are paid entirely through the money brought in by the future owners of crypto.

Now, to be completely fair, I don't think the majority of crypto backers perceive it as a Ponzi scheme. There were many people working in the space (maybe even the overwhelming majority, although that's unlikely to be true anymore), who actually believed that Bitcoin had real value because it could become a real currency. Similarly, there are people who actually believe that Smart Contracts, and NFTs are actual useful technologies.

The problem, however, is that

(a) none of those technologies have panned out, possibly because blockchain simply does not solve the problems people actually face...it solves the problem of "What if the entity who owns the database we are recording our transactions in is unreliable". In practice, this does not seem to be a major problem at all, and further, blockchain appears to be a terrible way to solve this problem.

(b) Even if the technologies are useful, the limited tokens and the fact that they are largely hoarded by early adopters, simply serves to enrich those early adopters, which drastically reduces the utility of any crypto based technologies for future users, the ones who are actually using the technology. Crypto tokens are an implicit tax on technology. It would be like if Google was invented, but to use Google you necessarily had to pay $0.10 every search, but that cost is ridiculously dynamic, often jumping up to $1/search as well. Google would never take off and it would impose an insane tax on everyone else, and society as a whole.

The latter is why crypto in its current form isn't just a successful/unsuccessful tech, its an actively society damaging technology.

[theluckycountry]

$this->bbcode_second_pass_quote('careinke', '
')
Nvida is an "Alpha" high risk high reward stock. If I still traded on the stock market, I would own some. That said, there are other companies working on their own chip stacks. No wonder Plant is getting ulcers.

[theluckycountry]

$this->bbcode_second_pass_quote('mousepad', '
')
The problem, however, is that

(a) none of those technologies have panned out, possibly because blockchain simply does not solve the problems people actually face...it solves the problem of "What if the entity who owns the database we are recording our transactions in is unreliable". In practice, this does not seem to be a major problem at all, and further, blockchain appears to be a terrible way to solve this problem.

[mousepad]

https://www.statista.com/statistics/881 ... ison-visa/

It's 700kWh for 1 single bitcoin transaction vs 0.00148kWh for 1 visa transaction.

Hahaha. I'm telling you. There are grown men that not only think this is a good idea, but also that everybody will get rich quick if they only bought bitcoin. That's why I have little hope in humanity. The stupidity is endemic.

I have 7kW of solar panels that power my whole house. It would take them 100 hours to generate the power needed for a single bitcoin transaction.

[theluckycountry]

$this->bbcode_second_pass_quote('mousepad', '
')That's why I have little hope in humanity. The stupidity is endemic.