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Bitcoin & crypto? Pt. 2

Discussions about the economic and financial ramifications of PEAK OIL

Re: Bitcoin & crypto? Pt. 2

Postby theluckycountry » Thu 04 Jul 2024, 09:30:16

$this->bbcode_second_pass_quote('', 'T')hose who own cryptocurrency are more likely to have “dark tetrad” personality traits, according to a new study.

Investors in digital currencies are also more likely to be men, rely on fringe social media sources, believe in conspiracy theories and feel victimised. That is according to new research that polled 2,001 American adults on whether they owned or had owned cryptocurrency...

But the most strong predictor of whether someone had owned cryptocurrency was whether they relied on fringe social media sources for news, the researchers said.
https://www.independent.co.uk/tech/cryp ... 73728.html

The fringe lunatics of the web lol, Love it.
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
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Re: Bitcoin & crypto? Pt. 2

Postby theluckycountry » Thu 04 Jul 2024, 16:42:27

Did you buy the dip? It's over now and Bitcoin is going to the Moon! This is the big one, hold onto your seats.

Disclaimer: this is not investment advise not is it based on any rational fundamental or technical analysis. It is based on internet coiner memes and the belief that if you do good every day the Universe will look after you
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Re: Bitcoin & crypto? Pt. 2

Postby theluckycountry » Fri 05 Jul 2024, 03:16:07

Sorry, Sorry! I missed the bottom, there is still some profit to be had here at $55,000. Don't try and pick the bottom, that's for losers! Just buy in now before its too late. If you've spent all your available cash then grab another CC while you can. I'll try and get back with some links to cards with low rates but really the rate is irrelevant given BT's upside. Diamond Hands, Diamond Eyes, stay focused.
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Re: Bitcoin & crypto? Pt. 2

Postby theluckycountry » Sun 07 Jul 2024, 00:58:26

Ok! Here we go, Massive Weekend rally in BC as the Baitfish take up the last of the Whale's weak hands. Remember, Saylor and I told you first. Bitcoin is the World's premier commodity, better than Oil, better than Food. You buy Oil and it's burnt, Food is eaten and Pooed out but BC will last forever, it is the eternal commodity that lives on the interwebs and on mobile devices in its vapor state. One day it will reside on the Philitropic waves that propagate between the Stars instantaneously. When Mankind has colonized Space your children's children will be transacting between the worlds in it because it is the only commodity that can travel faster than light.

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Re: Bitcoin & crypto? Pt. 2

Postby theluckycountry » Sun 14 Jul 2024, 10:41:19

Bitcoin Bottom Signal
: German Government Runs Out Of BTC To Sell

$this->bbcode_second_pass_quote('', 't')he German government has now run out of Bitcoin to sell, and technical indicators point to the potential beginning of a reaccumulation phase according to CoinTelegraph.

The German government’s wallet is down to just 0 Bitcoin, only three weeks after it started selling. As a result, the additional $222 million worth of selling pressure has pulled BTC’s price below $60,000
https://www.zerohedge.com/crypto/bitcoi ... t-btc-sell

As was predicted by Saylor only 3 weeks ago.

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Re: Bitcoin & crypto? Pt. 2

Postby theluckycountry » Sat 27 Jul 2024, 18:29:55

"Buy the rumor, sell the news" is a popular saying in the trading world, reflecting a strategy where traders buy an asset based on anticipation of upcoming news and sell once the news is released. This strategy leverages market psychology and can lead to significant gains if executed correctly.

Sell signal: Trump Promises To Make USA The "Bitcoin Super-Power Of The World"
https://www.blockchain.com/explorer/ass ... style=line
Bitcoins downward trend continues and it's unlikely to breach the 73k top back in March. Mediocre before tax profits can be had at this point.

Do not be lured by an Election promise. "Roadblocks" will be put in the way or promises simply abandoned. This is the nature of politics, promise everyone everything before an election. Remember "Drain the Swamp"?

$this->bbcode_second_pass_quote('', 'I')n a spirited keynote address, Former President Trump promised to make USA the "bitcoin super-power of the world," ensuring that cryptocurrency is "mined, minted, and made in the USA."

"We have to talk about Bitcoin. Our country is blessed with the extraordinary talent and genius in this room. This spirit built America and will help us make it great again. I admire what the Bitcoin community has achieved. In just 15 years, Bitcoin has gone from an idea to the 9th most valuable asset in the world...
https://www.zerohedge.com/crypto/why-di ... nd-bitcoin

How Trump abandoned his pledge to ‘drain the swamp’ https://www.washingtonpost.com/politics ... story.html
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Re: Bitcoin & crypto? Pt. 2

Postby theluckycountry » Sat 03 Aug 2024, 05:10:06

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Re: Bitcoin & crypto? Pt. 2

Postby AdamB » Sat 03 Aug 2024, 09:48:39

$this->bbcode_second_pass_quote('theluckycountry', '[')img]https://i.imgflip.com/22aqt8.jpg[/img]


Do you realize you've been posting with no one else involved for more than a month now?

While no Aussies talk to you IRL or something?
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."

Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
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Re: Bitcoin & crypto? Pt. 2

Postby theluckycountry » Sun 04 Aug 2024, 17:01:06

Bitcoin Is Crashing Ahead Of The Japan Open

$this->bbcode_second_pass_quote('', 'B')itcoin, and the entire crypto universe, is crashing after yet another huge sell order was unleashed by a time-triggered algo, the same algo that has activated selling momentum on each of the past 7 trading days at 10am ET, just after the US cash open (a move meant to cripple any dip-buying intentions in early market trading), yet which algo was left on for the weekend, arguably to spark an HFT-driven pile up of selling and shorting, and to force levered longs to capitulate, ahead of the Japanese open where a bloodbath is expected to take place (see below). One can see the algo in action in the red boxes below: exact same time every day, exact same sell-momentum ignition.
https://www.zerohedge.com/markets/bitco ... japan-open

Ahhh for the good old days when you just bought a house or a lump of Gold and watched it go up with inflation. Did I say inflation? Yes we've had a bit of that over the last two years haven't we. I remember reading years ago about Bitcoin being this amazing digital money that was free of Market and Government manipulation. How it went up in times of trouble and definitely skyrocketed during times of inflation. It was simple to buy and use, Use? and definitely not complex.

I doubt anyone knows what's going on in the crypto scene these days, it's like totally gone off into the ether. I'll pop over to reddit and see what the *experts* have to say... There are 7 million on that sub. Someone must know what's happening :lol:

We could always ask sourpuss

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Re: Bitcoin & crypto? Pt. 2

Postby theluckycountry » Fri 09 Aug 2024, 01:01:37

$this->bbcode_second_pass_quote('theluckycountry', '[')size=150]Sorry[/size], Sorry! I missed the bottom, there is still some profit to be had here at $55,000.


I really can't keep up with this World's greatest commodity, It went down to $49,000 a couple of days ago and I totally missed it. I can see why BC hodlers watch their phones 24/7, I imagine if you got up in the middle of the night for a piss you'd be duty bound to check it hey. Sounds entirely stressful to me, but what do I know? I went over to the reddit BC sub to see what they are saying these days, it has nearly 7 million members but it's like a ghost town now so no help there? Many posts don't even get a response. One that did was about moving your bitcoin to an exchange called Defi and it got lots of responses. Most were sad tales of woe about being scammed by said entities. I got the distinct impression most BC hodlers have tossed their cold storage wallets in the bottom of the kitchen draw along with their prized beanie babies are forgetting about them for now.

Am I a bitcoin hater? Damn right, everyone should be. It's a gross waste of the planet's resources, worse than the EV's in fact. Over 1% or global electricity usage, for what? No one buys and sells with it, they just swap it back and forward between themselves. At least the electricity used to run digital banking gets spent, facilitates trade and puts food in pantries. BC does Nothing! And then there is the money that's been sunk into these Nothings, imagine if that was steered to a productive cause how better societies would be. Aside from enriching the scammers running platforms and the electricity corporations BC benefits No one. It's the same as if every town had a huge paper shredder running 24 hours a day and people walked passed and tossed their cash in. Some still talk about it transforming the world, but transforming it into what? One big conglomeration of digital hoarders?
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
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Re: Bitcoin & crypto? Pt. 2

Postby careinke » Fri 09 Aug 2024, 05:52:03

$this->bbcode_second_pass_quote('theluckycountry', '')$this->bbcode_second_pass_quote('theluckycountry', '[')size=150]Sorry[/size], Sorry! I missed the bottom, there is still some profit to be had here at $55,000.


I really can't keep up with this World's greatest commodity, It went down to $49,000 a couple of days ago and I totally missed it. I can see why BC hodlers watch their phones 24/7, I imagine if you got up in the middle of the night for a piss you'd be duty bound to check it hey. Sounds entirely stressful to me, but what do I know? I went over to the reddit BC sub to see what they are saying these days, it has nearly 7 million members but it's like a ghost town now so no help there? Many posts don't even get a response. One that did was about moving your bitcoin to an exchange called Defi and it got lots of responses. Most were sad tales of woe about being scammed by said entities. I got the distinct impression most BC hodlers have tossed their cold storage wallets in the bottom of the kitchen draw along with their prized beanie babies are forgetting about them for now.

Am I a bitcoin hater? Damn right, everyone should be. It's a gross waste of the planet's resources, worse than the EV's in fact. Over 1% or global electricity usage, for what? No one buys and sells with it, they just swap it back and forward between themselves. At least the electricity used to run digital banking gets spent, facilitates trade and puts food in pantries. BC does Nothing! And then there is the money that's been sunk into these Nothings, imagine if that was steered to a productive cause how better societies would be. Aside from enriching the scammers running platforms and the electricity corporations BC benefits No one. It's the same as if every town had a huge paper shredder running 24 hours a day and people walked passed and tossed their cash in. Some still talk about it transforming the world, but transforming it into what? One big conglomeration of digital hoarders?


I bought more. GOD Blesses Bitcoin:https://www.youtube.com/watch?v=b4xuRZYLpgk

PEACE
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Re: Bitcoin & crypto? Pt. 2

Postby theluckycountry » Fri 09 Aug 2024, 08:11:03

$this->bbcode_second_pass_quote('careinke', '
')
I bought more. GOD Blesses Bitcoin:

Well of course you bought more, hodlers are the only ones in the market now. We have reached peak BC awareness, everyone on the planet knows about it now and like EVs everyone who wants to take the risk is already in. You're probably buying off Michael Saylor :roll:

From the intro.
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution

What a trip down memory lane that was, what a concept, what a dream!
The reality? BC has to rely on hedge funds for sales now, ETF's and government regulations along with a thousand different exchanges and the banking backbone to facilitate the "Trades". It's just another digital instrument on Wall Street.

But the vid did give away the key secret if anyone was paying attention, "In the absence of the gold standard there is no way to protect savings from confiscation."
Gold, physical Gold is the key to protecting your savings.

The Real Deal

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The fake copy

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Re: Bitcoin & crypto? Pt. 2

Postby theluckycountry » Sat 10 Aug 2024, 01:07:06

A Captured Market

Go and have a look at the longterm chart of BC... https://www.barchart.com/stocks/quotes/NVDA/overview (Max)
The instrument is in a range bound decline now, not at all like the previous boom/bust action. Now look at a typical IT stock, Nvidia... https://www.barchart.com/stocks/quotes/NVDA/overview (1 Year)

The same range bound decline, or as I see it, a controlled decline. It could be so that these declines are as they say, typical free market action as people, or more likely bots, buy and sell at certain points down, but I have never believed in this. It's far too easy for those on the inside to collude and manage these events and make huge profits for themselves in the process. Take a few big hedge funds, and a few big private pension funds, and between them you can push the market up and down at will. Add in the Federal Reserve for the big moves and you have it all sewn up.

Either way the BC chart clearly shows that it is now behaving exactly like a stock on the NASDAQ. As you would expect given the amount of Wall street involvement in the crypto spaces now. Crypto prices have one thing in their favor though, a massive base of true believers who will not sell and cut their losses as the "instruments"? "Tokens"? Decline. These hodlers will put a floor under the price, as long as they continue to sell back and forward between themselves on the various Wall street exchanges.
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Re: Bitcoin & crypto? Pt. 2

Postby theluckycountry » Mon 12 Aug 2024, 01:01:26

Poor ol BT can't get a break. Looks like it's going down to test the $50k mark again. Unlike a lot of observers who believed it would collapse back to triple digits, or less! I have assumed that it will find a range somewhere in the mid ten thousands and become another Wall street pingpong ball. The chart is clear though, for 5 months it's been in a classic decline and that needs to end before we can make any judgement on it's future value. If it doesn't crack the $70k figure again then many of those hodlers who bought on debt will begin dumping and covering their losses. They won't want to, but they'll have no choice with the higher rates we now have.
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Re: Bitcoin & crypto? Pt. 2

Postby theluckycountry » Thu 22 Aug 2024, 05:42:07

https://www.barchart.com/stocks/quotes/NVDA/overview
https://www.coingecko.com/en/coins/bitcoin

Load both pages and click on the 1-month charts, practically identical. August the 5th being the big Low in both. Does this imply BC and AI stocks move in lockstep? That BC is just another chip on Wall Street's roulette table? Well it's either that or it's just a big coincidence, one of many.
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Re: Bitcoin & crypto? Pt. 2

Postby careinke » Fri 23 Aug 2024, 01:06:53

$this->bbcode_second_pass_quote('theluckycountry', 'h')ttps://www.barchart.com/stocks/quotes/NVDA/overview
https://www.coingecko.com/en/coins/bitcoin

Load both pages and click on the 1-month charts, practically identical. August the 5th being the big Low in both. Does this imply BC and AI stocks move in lockstep? That BC is just another chip on Wall Street's roulette table? Well it's either that or it's just a big coincidence, one of many.


NVDA makes the specialized computers for both BTC and AI. So yes, a lot of times they respond to the same news or other outside events. Most BTC miners are forced to replace their hardware after the halving in order to make a profit. This cycle was a little different, as many of the centralized AI centers, (Amazon, Google, Microsoft's Copilot etc.) bought some of the miner's old equipment.

In a related subject, I think BTC and Crypto will ensure Trump's victory in the November election. Here is my reasoning, (with some help from my "Copilot"):

There are 48.8 million US adults who own cryptocurrency, which represents about 14.36% of the adult population. In the 2020 U.S. presidential election, about 66.8% of eligible voters cast their ballots for a total of 154.6 million voters. If we apply this percentage to the 48.8 million cryptocurrency users, we could estimate that around 32.6 million of them might vote. If ALL of them voted for the only pro crypto party, that's 21% of the total vote.

The Republican Platform includes: the right to self-custody cryptocurrency, the right to mine cryptocurrency, the right to exchange cryptocurrency. Additionally, several pro crypto PACs with very wealthy donners who are running lots of campaign adds against Anti crypto Canidates.

Finally, it is expected Bobby, will throw in the towel tomorrow and endorse DJT. :-D

On the Dimocrat side, they did not even mention cryptocurrency in their platform. Instead, they have the ANTI Crypto Warriers led by Pocahontas Warren who is dead set on a US Central Bank Digital Currency CBDC in order to enslave the people even more. Basically, the end of our Republic.

Don't gloat Lucky, your country is already planning to release their own CBDC, and you don't even get to have a say in it. It is already on the books. I feel sorry for you. Especially since game theory suggests the first nation with their own national currency could benefit the most by turning their money printers on and buy BTC with it. The appreciation of BTC would allow you to pay off your national debt. Other nations would jump on the bandwagon quickly raising the price even higher. But first always gets most.

Fix the Money, Fix the World
PEACE

P.S. Copilot will not talk about elections. It gives you this response:
$this->bbcode_second_pass_quote('', 'I') wish we could talk about elections, but it’s a complex topic that goes beyond my training. Sorry!


Interesting, I think somebody does not want to be sued. 8)
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Re: Bitcoin & crypto? Pt. 2

Postby theluckycountry » Sat 24 Aug 2024, 22:11:41

$this->bbcode_second_pass_quote('careinke', '.').. If ALL of them voted for the only pro crypto party, that's 21% of the total vote.

The Republican Platform includes: the right to self-custody cryptocurrency, the right to mine cryptocurrency, the right to exchange cryptocurrency.

I thought those "rights" were guaranteed in the original White paper? That they were were inherent and inalienable to Bitcoin. Don't tell me you can lose them too...

$this->bbcode_second_pass_quote('', '
')Don't gloat Lucky, your country is already planning to release their own CBDC, and you don't even get to have a say in it. It is already on the books. I feel sorry for you.

Well that's a given! The Gold and silver I purchased is my insurance against such. When we get cbdc you won't be far behind so I hope you have a plan. I'll tell you this much, they won't be able to abolish cash and bring it in on a sunny day, there will be a massive market collapse, probably with a banking collapse and that will be the trigger. One we go digital central banking we don't need 90% of the banks anyway, they can be abolished. Especially the retail banks, they are already closing branches and ATM's hell for leather. That lets you know this is just around the corner, before the election even?

This is how it happens, all the banks where your savings are held are the doomed ones and then after they are gone, along with everyone's savings, the Good banks that are left hoover up all the debts and begin foreclosing on them. That's exactly what they did in the collapse of 1933 btw. The good banks will be select commercial ones where the elite have their capital. Don't expect any Cayman Island banks to go under.

Initially Gold may go down some as it did in 2008 but then it will rebound. All the World's Central Banks are hording it now, they'll use it as a guarantee, with leverage. How else will the US trade once it's currency is rejected by the BRICS... A one world currency, backed by Gold in CB Vaults.

I see BC is having another leg up, have a good look at the one year chart. The top was $73k, then a collapse, then back up to a lower top at $71.5k, then down and back up to $68k in July. It's a classic stair-step decline. Remember, in investing, the trend is your friend. You just need to keep on the right side of it :roll:

If you sold now you might get out a little up? The longer you wait though...
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Re: Bitcoin & crypto? Pt. 2

Postby theluckycountry » Sun 25 Aug 2024, 15:54:12

$this->bbcode_second_pass_quote('careinke', '
')There are 48.8 million US adults who own cryptocurrency, which represents about 14.36% of the adult population.


As of March 2024, there are 13,217 cryptocurrencies in existence. However, not all cryptocurrencies are active or valuable. Discounting many “dead” cryptos leaves only around 8,985 active cryptocurrencies.

13% of US adults buy lottery tickets each month. Is the lottery a form of investment? No, it's a gamble, and that's why many people bought a handful of crypto, (what if...)

Doge has 145 Billion unique 'coin' circulating, price 11 cents, which gives it a market cap of about 16 Billion dollars. This is where a lot of the activity goes, $759,697,584.02 was traded over the last 24 hours. Little people buying $10 and $20 worth out of the leftovers from their McDonalds wage packet. It's a form of gambling where the ticket doesn't expire and the mobile platform makes it easy peasy to trade, just a few swipes and your have more Doge in your account.

The fact that these 'coins' were made out of thin air doesn't come into it for them. BC volume over the past 24h was $18 Billion. So, nearly $1B traded at 11-cents and $18B at $64,000. Considering Doge is regarded by "serious" crypto buyers as a joke that's a lot of daily buying going on. And the other 'coin' trade a lot too.

What's my point? The amount of transactions in these coins is minimal compared to their stated market caps. The Doge All-time low on May 07, 2015 (9 years ago) was $0.00008547. It's up 128,570%
That's a lottery ticket win, and that's what a lot are chasing. BC's lackluster daily transactions compared it's price tells me that the action has moved to the cheaper coins, coins with a better change of going ballistic over some Meme etc.

Every BC hodler Hopes it will go to the moon but the general coiner population see it as being so high now there is no chance of a 1000% or 10,000% gain. Only Michael Saylor is preaching that and even the BC community steer clear of him because he's gone off the deep end into total Barbie World projections. No I think the big rational Whale BC hodlers are content to play the spread now, 2% here, 6% there. The intermediate hodlers, those with a few coins, they would like to see an increase of ten fold, enough to retire on say. And the little part coin gamblers are just dreaming.

The fact is the whole World knows about BC and pretty much everyone who wants in is already in. There is no real demand left.
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
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Re: Bitcoin & crypto? Pt. 2

Postby theluckycountry » Sun 25 Aug 2024, 16:03:44

Saylor "This is the biggest week in the history of Bitcoin"

Really? So he says...
"It's a coming out party for BC"
"This is an inflection point"

Why? Because of Lying politicians of course! We have gone from 1/ Honest money 2/ Money the banks and the Fed can't touch, to 3/ Trump is going to make BC Great Again :P
I mean really, can't any of these coiners pull their heads out of their arses long enough to see the fallacy in all this? Watch the vid, have a laugh. And don't forget, BC is politicians' money now.

https://www.youtube.com/watch?v=qyglxM5yqH8


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Re: Bitcoin & crypto? Pt. 2

Postby theluckycountry » Tue 27 Aug 2024, 06:59:49

$this->bbcode_second_pass_quote('theluckycountry', 'S')aylor "This is the biggest week in the history of Bitcoin"


Well it seems the market does not agree with Saylor. BC is sinking like a stone, but of course it is, it's simply tracking the Nasdaq after all. $67,000 was the BC peak 3 years ago. It's below that now, on a downward trend unlike any of it's declines before. That's because it's now fully captured by Wall St, a tool of the Swamp. It's current decline mirrors the decline of the tech stocks, nearly any tech stock in fact! The Nasdaq Composite is the tech stock yardstick and the broad peaks and troughs since Nov 2021 line up nicely, allowing for the shallower (less volitile) curve of the index.

So where will BC go from here? Well that depends on the Swamp, it's a pump and dump vehicle and a little one to boot! Its market cap of just over a Trillion pales against Nvidia's 3 Trillion.
https://ycharts.com/companies/NVDA/market_cap (market moves are the same)
It's in with the mix and only real question is how it can be manipulated to maximum effect without spooking the market and driving hodlers away?

I remember all the BS that was spruked on the forums years ago, "Bitcoin goes up in times of crises" "BT will Boom when the market tanks because everyone will run to sound money" Those Lies sucked in a whole generation of hodlers, many of whom are still there, waiting for the Big Move, waiting to buy Lambos.

If it sounds too good to be true, it usually is...


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