$this->bbcode_second_pass_quote('theluckycountry', '[')b]Crypto miner Digihost plans to move rigs from New York to Alabama
....the Alabama facility ....Alabama lawmaker.....Small Town Alabama Residents ....Haitian Migrants...U.S. Customs and Border Protection (CBP) .... from Cuba, Haiti, Nicaragua and Venezuela....small towns across the US .... Sylacauga in Alabama .... Haitian migrants...
PeakOil is You
Bitcoin & crypto? Pt. 2
Re: Bitcoin & crypto? Pt. 2
by AdamB » Wed 18 Sep 2024, 16:01:09
Why is it you don't ever seem to have much to say about Australia other than posting nice scenery pictures, as though other countries somehow lack scenery?
Do you think those of us who graduated high school don't notice...high school educations making us even dumber than you and all?
Australia Is Banning Nazi Symbols to Curb the Far Right. Here’s What to Know.
Just take some pix already and post them. We're mostly a bunch of old retired folks here now, mostly male, the diminished remnant of one of the more interesting forums from 20 years ago. You can tell that I'm probably the only one even paying attention to your silly fascination with bashing every place else..because your country is barely an afterthought on nearly all levels, technical, educational, manufacturing, Nobel Prize winners, militarily, and so on and so forth. I'm sorry you live in a place where Crocodile Dundee is as good a national hero as you can get, and live among those who can't built cars or planes or anything much of value, and are stuck pretending you know what riding on a track is like, because you hope that with all the empty feel this place has, you won't run into someone who has ridden tracks all across their own country. For decades. And then is in a position to disparage you.
Take some pix. I'll stop reminding everyone that the main conversationists here are an oil and gas specialist who went quite a distance beyond high school and a retarded Nazi sympathizer.
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)"
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
by theluckycountry » Sun 22 Sep 2024, 01:12:15
BC perfectly on track, confirming it's stair-step downward trajectory. I guess Blackrock hasn't bought in yet? Or the hodlers haven't bought into the Blackrock story yet 
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
by theluckycountry » Tue 24 Sep 2024, 03:51:59
pODCAST
Tulip Backed Crypto-Currencies?
$this->bbcode_second_pass_quote('', 'W')hat can you say about crypto-currencies that hasn't been said already. However, Kerry and I are proposing a new form of crypto backed up by Tulips, preferably the Dutch variety. After all, Tulip prices only go up, right? And what of all those ICO's (Initial Coin Offerings) that are headed to the moon and back. Just today Bancor raised $153 million. Pretty good work if you can get it.
Tulip Backed Crypto-Currencies?
$this->bbcode_second_pass_quote('', 'W')hat can you say about crypto-currencies that hasn't been said already. However, Kerry and I are proposing a new form of crypto backed up by Tulips, preferably the Dutch variety. After all, Tulip prices only go up, right? And what of all those ICO's (Initial Coin Offerings) that are headed to the moon and back. Just today Bancor raised $153 million. Pretty good work if you can get it.
https://player.fm/series/dollar-collaps ... currencies
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
by theluckycountry » Wed 25 Sep 2024, 05:54:18
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
by theluckycountry » Sat 28 Sep 2024, 02:49:19
Bitcoin is a scarce commodity, you can't eat Gold, you can't build a bridge with copper or diamonds, but when Bitcoin, which is is smart fast and scarce money, moves from it's liquid to Vapor state, when it jumps onto a mobile device, it's traveling at lightspeed, and that's profound. That's the future, instantaneous commodities, and Bitcoin, which is not limited in any sense will lead the way to a global revolution in... in everything.
The current decision by the Federal Reserve is telegraphing, or let's say texting, why Bitcoin is taking control over financial markets, as well as commodity markets. ETF's like Blackrock are the bedrock of this, that's Bitcoin in it's solid phase, secure smart and dependable money. Bitcoin is money but it's a commodity, it's whatever you need it to be and at any point in space-time.
A time traveler 50 years from now will look back at people living in houses and shake their head in wonder. Houses are an example of the Solid state but now we have nylon tents, the liquid state of housing that can flow to any park or street, and the vapor phase follows this where you become the house and the house travels with you wherever you are, that's profound. That's the future and Bitcoin is leading the way to this transition, in space and time.
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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- Light Sweet Crude
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Re: Bitcoin & crypto? Pt. 2
by theluckycountry » Wed 02 Oct 2024, 17:07:15
Back to Basics
Unlike Gold, Bitcoin is Not a Safe-Haven
$this->bbcode_second_pass_quote('', 'T')hough its supporters call it "digital gold," Bitcoin keeps proving that it is not a true safe-haven asset like real gold.
Today was yet another day marked by geopolitical turmoil, much like many others over the past year. This time, the turmoil was triggered by Iran launching at least 180 ballistic missiles toward Israel, marking the largest missile strike against Israel in history. Israeli Prime Minister Netanyahu declared that Iran has made a grave mistake and will face consequences as the world inches closer to all-out war with each passing hour. I hope for a peaceful resolution to this crisis, however unlikely that may seem. In this article, I’d like to share my observations on two assets often touted as safe havens—gold and Bitcoin—and how they perform during times of geopolitical crisis.
The chart below shows a tale of two assets: gold and Bitcoin. At approximately 9:32 AM EST, reports began circulating that Iran was imminently preparing to launch ballistic missiles at Israel. Interestingly, gold and Bitcoin responded in starkly opposite ways—gold surged while Bitcoin plummeted. This price action confirmed a long-standing frustration I have with Bitcoin: it behaves more like a risk asset than a true safe-haven. If Bitcoin were truly "digital gold," I would expect it to rise during periods of geopolitical turmoil, not decline.
I have long maintained that Bitcoin behaves more like a speculative risk asset, similar to hot tech stocks, rather than a safe-haven asset. This is evident in how closely Bitcoin's price movement tracks the tech-heavy Nasdaq 100 Index. The data reveals a striking correlation coefficient of 0.88 (out of 1) between Bitcoin and the Nasdaq 100 over the past five years, confirming their strong relationship and closely aligned movements. As the Twitter user “The Great Martis” frequently points out, “Bitcoin is merely a Nasdaq ETF,” and I couldn’t agree more.
https://thebubblebubble.substack.com/p/ ... not-a-safeUnlike Gold, Bitcoin is Not a Safe-Haven
$this->bbcode_second_pass_quote('', 'T')hough its supporters call it "digital gold," Bitcoin keeps proving that it is not a true safe-haven asset like real gold.
Today was yet another day marked by geopolitical turmoil, much like many others over the past year. This time, the turmoil was triggered by Iran launching at least 180 ballistic missiles toward Israel, marking the largest missile strike against Israel in history. Israeli Prime Minister Netanyahu declared that Iran has made a grave mistake and will face consequences as the world inches closer to all-out war with each passing hour. I hope for a peaceful resolution to this crisis, however unlikely that may seem. In this article, I’d like to share my observations on two assets often touted as safe havens—gold and Bitcoin—and how they perform during times of geopolitical crisis.
The chart below shows a tale of two assets: gold and Bitcoin. At approximately 9:32 AM EST, reports began circulating that Iran was imminently preparing to launch ballistic missiles at Israel. Interestingly, gold and Bitcoin responded in starkly opposite ways—gold surged while Bitcoin plummeted. This price action confirmed a long-standing frustration I have with Bitcoin: it behaves more like a risk asset than a true safe-haven. If Bitcoin were truly "digital gold," I would expect it to rise during periods of geopolitical turmoil, not decline.
I have long maintained that Bitcoin behaves more like a speculative risk asset, similar to hot tech stocks, rather than a safe-haven asset. This is evident in how closely Bitcoin's price movement tracks the tech-heavy Nasdaq 100 Index. The data reveals a striking correlation coefficient of 0.88 (out of 1) between Bitcoin and the Nasdaq 100 over the past five years, confirming their strong relationship and closely aligned movements. As the Twitter user “The Great Martis” frequently points out, “Bitcoin is merely a Nasdaq ETF,” and I couldn’t agree more.
$this->bbcode_second_pass_quote('', 'M')y goal for this article isn't to present a full thesis proving that U.S. technology stocks are in a bubble (though I plan to address that in detail soon). I simply want the investing community to recognize the reality: Bitcoin shouldn’t be labeled “digital gold” if it doesn’t behave like a true safe-haven asset. I hope to raise greater awareness that Bitcoin is a risk asset, better suited for "good times" rather than times of crisis.
But this is 2024, the Decade of ever greater lies and marketing swindles so what could one expect? At some level nearly everyone sees this. When they get their car serviced, or look at their retirement portfolio, or even simply go shopping. The Marketing Hype engulfs them and invariably proves to be false. But then they go back to their TV set and it tells them all is well. They go to their favorite bubble forum and there the faithful tell them all is well. BC had it's halving and this is all normal, just Hodl and you'll be rich one day.
No mention is ever made of the correlation with techie stocks, that's studiously ignored because it doesn't fit the BC narrative. BC is Marketed as separate from all other assets, Superior to all other assets. If it fails to live up to one of it's founding principles, like being a medium of everyday exchange, that principle is simply ignored, tossed out the window because BC is Amazing and fast and unlimited and... The marketers of BC don't want hodlers to think too deeply, "this is all complex algorithms and market variations, it's beyond you, just have Diamond hands and stay the course." But what happens in a general market Crash! When you may need some liquidity to pay bills etc?
Well that's where the Basics come in doesn't it. Evil Fiat money and the selling of pet rocks. Last time I bought a motorcycle the options were Bank transfer or cash, or Finance. My insurance policies were cash or transfer, same with my utilities. Now Gold and silver are readily sold here for cash. And so is BC. But if my Gold was 10% or 30% underwater from the purchase price I'd have to be desperate to sell it wouldn't I. Thankfully it's not. Even my last purchases of 2 years ago are up 37%. That's inline with Gold's annual gains of around 20% dating back to around 2005 when I "awoke".
But Gold hodlers typically have large stores of cash as well. Sure we know it depreciates, that bank interest rarely even keeps pace with inflation, but cash is security, short term security. Typically we hate paying interest as well. I couldn't tell you the last time I carried debt, decades ago it was. In your private life you should never take on debt except for an appreciating asset like a Home. Cars? Holidays? Home renovations? Never! Stupid people do that and in the process eat away at their earnings year by year assuring that come retirement they will have a lot less to live on. No one buys Gold on finance but many bought BC on finance, even on CC Debt. How stupid is that!
$this->bbcode_second_pass_quote('', 'D')oes anyone still use Bittylicious? : r/BitcoinUK
I used them back in late 2017, in to 2018 when I first bought Bitcoin (on credit card lol) but I soon figured out their fees were brutal so ...
$this->bbcode_second_pass_quote('', 'C')ryptocurrency is trending again—as Bitcoin has surpassed all-time high prices and the entire crypto market once again approaches nearly $3 trillion in market capitalization. As millions of people start pouring money into the crypto industry, you might be considering purchasing crypto directly with a credit card. After all—you use your credit card for everything else—why not crypto?
That was Apr 24, 2024, Five months ago. When BC was $10,000 higher. Come in suckers, every time
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.
It's probably gotten cheaper priced in BTC since that original price was mentioned.
