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Bitcoin & crypto? Pt. 3

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Re: Bitcoin & crypto? Pt. 3

Postby theluckycountry » Mon 18 Nov 2024, 16:00:01

$this->bbcode_second_pass_quote('careinke', 'B')TC flipped silver in total market cap (for a short time) last week. Here is a list my AI put together:


Well I'll pass on the AI dribble, you talk to them long enough and they tell you to kill yourself by putting a fork into a power socket, or like this poor sap $this->bbcode_second_pass_quote('', 'M')an ends his life after an AI chatbot 'encouraged' him to sacrifice himself to stop climate change
https://www.euronews.com/next/2023/03/3 ... p-climate-
Or this one!
$this->bbcode_second_pass_quote('', 'T')he conversation between the graduate student from the Midwest state of Michigan and the chatbot largely centred around the challenges and solutions for ageing students. Soon, it turned disturbing when the AI asked the Indian student to die.
https://www.latestly.com/socially/socia ... 25786.html

AI is bullshit at best and deranged at the worst.

As for silver, that's very bullish, for the metal. Just to think that a digital currency with no use whatsoever outside of creating a generation of horders is valued more than the entire silver stock that feeds all our hitech industry. Amazing, and just goes to show how people have completely lost their minds. But it's to be expected of course because no mainstream outlet ever suggests Silver as an investment.

I came to the conclusion long ago that crypto is simply another method the wealthy classes use to redirect savings away from tangible goods. The debt fueled money that has been created over the past decades could not possibly take a stake in real things, they would be bought up 1000 times over and the prices would be through the roof! So a system was developed that includes the stock and bond markets, residential real estate, and now crypto. Places where the savings of the masses can go and cause no shortages and in the end can be wiped off the board so they can't buy things made from scarce real commodities. The DOW is 30 stocks, it's a simple matter to redirect vast pension accounts that way and keep it inflated. Similar with RE once the banks shed all prudence and allowed prices to rise unchecked.

"But they aren't making anymore land?" This and other Banker marketing pitches are used to convince people it's normal to pay 20x what a home cost 50 years ago. :lol: Yes wages went up, but not that much. And the mortgages? Sold back to the pension funds just like in the 2000's. No it's all a ponzi scheme, just like in the 1920's, and it will end the same way. When? What does it matter, better to be a decade early than a week late in those sort of collapses. Crypto was invented and the Millennials with no real money believed they could get rich too. Come in sucker. Then older people with money bought in too, mostly near the tops, and now the big whales are pumping and dumping the stuff. Taking some nice profits while the game runs it's course.

I ask one question, what do you expect will happen to the price of BC in a general market collapse? We already know the answer, it tracks the big stocks, it will crash too. And if you're a week late...
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 » Mon 18 Nov 2024, 16:03:08

$this->bbcode_second_pass_quote('theluckycountry', '')$this->bbcode_second_pass_quote('careinke', 'W')ell, BTC today is $91,500 US Ponzi dollars, so much for the inflation adjusted high of $87,000.
Yes it finally caught up after years, so what?


You were the one concerned about it not me. I just gave you more info you seemed to need.

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Re: Bitcoin & crypto? Pt. 3

Postby theluckycountry » Mon 18 Nov 2024, 16:25:10

Nearly 40% Of Cars Financed Since 2022 Are Underwater
$this->bbcode_second_pass_quote('', '
')The delayed day of reckoning has arrived for millions of Americans who purchased vehicles during the pandemic auto boom. Many are now finding themselves trapped in a shitstorm of negative equity and burdened by costly monthly payments, all while low- and mid-tier consumers face mounting financial strain amid elevated inflation and high interest rates.

Before we dive into the new auto data, let's revisit our latest coverage of the slow-rolling auto crisis:
https://www.zerohedge.com/markets/nearl ... underwater

That's what it looked like after the 1929 crash. Auto makers going out the back door by the dozen and consolidation by the Big Boys. Cars were not nearly as important to a normal life though as they are now.
$this->bbcode_second_pass_quote('', '.')..Today we consider a rising stock market our national birthright. After the initial crash from a market high of 381 in 1929, the market stayed low for more than a generation, attaining its 1929 level only in the 1950s.
https://aier.org/article/the-economic-c ... -populism/

A generation? Now that's a long time. Many of us here would have died in poverty before the recovery.
$this->bbcode_second_pass_quote('', 'H')owever, the American economy showed ominous signs of trouble. Steel production declined, construction was sluggish, automobile sales went down, and consumers were building up large debts because of easy credit.

Despite all the economic warning signs and the market breaks in March and May 1929, stocks resumed their advance in June, and the gains continued almost unabated until early September 1929 (the Dow Jones average gained more than 20% between June and September). The market had been on a nine-year run that saw the Dow Jones Industrial Average increase in value tenfold, peaking at 381.17 on September 3, 1929.
Sound familiar? All those factors are in play today, though steel is largely irrelevant.

Only time will tell if this is the end of the 70 year debt bubble. How do you cover up such a disaster? A war typically.
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. 3

Postby careinke » Mon 18 Nov 2024, 16:38:41

$this->bbcode_second_pass_quote('theluckycountry', '
')I ask one question, what do you expect will happen to the price of BC in a general market collapse? We already know the answer, it tracks the big stocks, it will crash too. And if you're a week late...


I expect it to continue to outperform all other assets, just like it has always done. Will there be short periods of time when BTC falls faster than the general market? Of course, but they will be short lived, and considered buying opportunities.

I never sold BTC at a loss, and do not expect to ever have too.

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Re: Bitcoin & crypto? Pt. 2

Postby AdamB » Tue 19 Nov 2024, 14:05:00

$this->bbcode_second_pass_quote('careinke (modified slightly by AdamB)', '
')You were the one concerned about it not me. I just gave you more info you seemed to need than you knew what to do with because it didn't involve counting on your fingers and toes.
Peace

Small correction for you Hitman. :lol:
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. 3

Postby theluckycountry » Wed 20 Nov 2024, 16:41:38

$this->bbcode_second_pass_quote('careinke', 'I') never sold BTC at a loss, and do not expect to ever have too.
More Hubris.

If you think that then you do not ever expect to sell it in a hurry do you. Have a look at the eight year chart Inke, it's all good and well for BC if you didn't buy near a top, but it only stays elevated for a few months before collapsing back. From $1000 down to $200 back in 2013. Then from $20k back to $3k, then from $67k to $15k. Even if it made 150k in this cycle (which I seriously doubt) it would still collapse back down to around 30 or 40k, putting you underwater on all those recent purchases you've made. That is if you believe it follows the pattern, which you obviously do since you see a huge upside coming.

BC could be in the doldrums for years and typically is, that's not good if you need to sell some and realize your gains to purchase real world stuff does it? And please don't pretend that you don't care, that you'll be happy to hang on until... The whole ethos behind BC is that it's a liquid asset, that it's there when you need it. Cash in the bank, shares, Gold, even Houses in a slump are more liquid than BC if you have to wait a year or more to get your original investment back. People talk about keeping it for the long term, like I do with Gold, but that doesn't mean I wont sell some if I needed to. If Gold followed the pattern BC does I never would have touched it!

This is just another side to BC that wasn't covered in the "White paper". Which is really only good for toilet paper now. As for it caching up with inflation, I hardly need you to add to my knowledge on that inke. BC is $94k today, so yes it's made up for inflation losses, just, but it has a long way to go to even double it's last peak of $67k. When it passes $134,000 come back and chime in, then it will have made a 100% gain over the 2021 price. A gain worth popping a cork over.

Until then it's just a Highly Volatile asset that beginning to move at long last.
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. 3

Postby theluckycountry » Wed 20 Nov 2024, 16:43:58

I see you've been here since 2007? You were a bit late to the bitcoin trade weren't you.
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. 3

Postby careinke » Wed 20 Nov 2024, 17:41:05

$this->bbcode_second_pass_quote('theluckycountry', 'I') see you've been here since 2007? You were a bit late to the bitcoin trade weren't you.

Yes, I missed the first cycle, then I FOMO'd in May 2013 at $400 and immediately sent out half of it in .05 BTC lots to my Geek relatives and friends to play with. Shortly afterwords it dropped to $100 and I bought some more. At the time I was day trading on the stock markets and was "qualified" to to trade options etc. The rest is history and mostly recorded on this thread. My first brokerage account was pre 1972 with Fidelity, and I had to convince my dad to co-sign on the account.

I was also a member of the Motley Fool, prior to when they started charging for it, mostly on the quitting Smoking Board and the Living Below Your Means (LBYMS) board. Once they started charging, I was going to unsubscribe, but the Fool gave me free membership three years in a row, because I got a large number of likes from my followers in the MF community.

Prior to that, I was on Prodigy's financial boards.

In short, this is why I sometimes find your analysis of finance amusing and outdated at times. Still, I value you as an inverse indicator right up there with Krammer. Thanks again for all the money you have made me.

PEACE Through Bitcoin.
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Re: Bitcoin & crypto? Pt. 3

Postby theluckycountry » Wed 20 Nov 2024, 23:11:36

$this->bbcode_second_pass_quote('careinke', ' ')Thanks again for all the money you have made me. Through Bitcoin.

Now I know you're full of shit, as if a stranger on the internet anti your investments could make you money. Hang in there inke, and believe in Trump. Trump is the Hero remember, without Trump you'd be going broke remember :lol:
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. 3

Postby careinke » Thu 21 Nov 2024, 00:28:25

$this->bbcode_second_pass_quote('theluckycountry', '')$this->bbcode_second_pass_quote('careinke', ' ')Thanks again for all the money you have made me. Through Bitcoin.

Now I know you're full of shit, as if a stranger on the internet anti your investments could make you money. Hang in there inke, and believe in Trump. Trump is the Hero remember, without Trump you'd be going broke remember :lol:


Well, I was trying to cheer you up, at least you are successful at something. :roll: Are you a closet Deathocrat or something? You would fit right in, always blaming the other side to make yourself feel superior. Classical Derangement Syndrome.

C ya at the next doubling, should be around the first of the year.

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Re: Bitcoin & crypto? Pt. 3

Postby AdamB » Thu 21 Nov 2024, 00:32:09

$this->bbcode_second_pass_quote('theluckycountry', '')$this->bbcode_second_pass_quote('careinke', ' ')Thanks again for all the money you have made me. Through Bitcoin.

Now I know you're full of shit, as if a stranger on the internet anti your investments could make you money.

In order for Hitmans value to go up through time, ignorant PM enthusiasts without brains (or neonazi asshats in general) had to be selling in order for someone to be able to snap them up in order to benefit during the rebound.

Jeez....look in a mirror...Seig Heil yourself for helping out his investments. Now go practice your goose stepping like a good investing putz.
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. 3

Postby theluckycountry » Thu 21 Nov 2024, 09:59:42

What are you crawling around here for Adam, shouldn't you be out topping off your Leaf so there is enough charge to get you down to the shopping mall and mugged by a Nicaraguan refugee. Listen to inke above, Dimocrat :lol: All this time and he doesn't even know I live in Australia where politics is irrelevant.

Fucken average Americans, can't see past their own noses.


Image
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. 3

Postby AdamB » Thu 21 Nov 2024, 10:46:18

$this->bbcode_second_pass_quote('theluckycountry', ' ') All this time and he doesn't even know I live in Australia where politics is irrelevant.Fucken average Americans, can't see past their own noses.

Hey, just because he doesn't bend the knee to a King because Americans have cajones isn't his fault. It is yours, happy in kowtowing to a greater power because lets face it, Australians can't build a Ferris wheel. Maybe you and your countrymen will learn how to build a car in a century or two? Until then you need your benign overlords to make sure, much like you care for a retarded child, that you stay free enough to be inferior to those Kiwis.

Oh, and thanks for being technically incompetent and buying American military hardware, we appreciate the business for high end US exports (not the best stuff of course, you don't hand a sharp knife to a gibbering chimp, but maybe a dull knife so they don't hurt themselves). You should ask your King about giving your countrymen something better to do for a living than what your brain power limits you to. Back to work Mr "like a tight track I've never been on" .

Image
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. 3

Postby theluckycountry » Thu 21 Nov 2024, 11:11:14

$this->bbcode_second_pass_quote('AdamB', ' ')Image


See you down on the EV thread "boy"
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. 3

Postby AdamB » Thu 21 Nov 2024, 16:54:51

$this->bbcode_second_pass_quote('theluckycountry', '')$this->bbcode_second_pass_quote('AdamB', ' ')Image


See you down on the EV thread "boy"


Which one of the cowards covering their faces are you?

Image
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. 3

Postby theluckycountry » Thu 21 Nov 2024, 19:25:14

$this->bbcode_second_pass_quote('AdamB', ' ')Image

Roll up Roll up and see the hateful talking mushroom, hear the angst and frustration, let your head be filled with nonsense.
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. 3

Postby AdamB » Thu 21 Nov 2024, 21:26:45

$this->bbcode_second_pass_quote('theluckycountry', 'R')oll up Roll up and see the hateful talking mushroom, hear the angst and frustration, let your head be filled with nonsense.

Which one of the cowards covering their faces are you?

Image
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. 3

Postby theluckycountry » Sun 24 Nov 2024, 06:53:25

$this->bbcode_second_pass_quote('AdamB', ' ')Image


Quiet! Or we'll put you outside again.
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. 3

Postby AdamB » Sun 24 Nov 2024, 11:13:04

$this->bbcode_second_pass_quote('theluckycountry', '
')Quiet! Or we'll put you outside again.

Image[/quote]
You didn't mention it the last time I asked, which face covering coward are you?
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. 3

Postby theluckycountry » Tue 26 Nov 2024, 10:31:43

Volume has doubled in 24 hours to over $123 Billion, up there with the volume near the all time peak. There are two ways to interpret volume, either hodlers are eager to buy, or, eager to sell.

$100,000 is probably a psychological barrier, like one hundred thou on a car's odometer. It's common knowledge that you'll get a much better price if you sell the car below that figure than just over. Perhaps this same sort of thing is at work here, a lot of Big hodlers deciding to take some profits before the $100k mark? Or perhaps it's just following the big tech stocks. The latter I would suspect.

NVIDIA -4.18%
BTC -5.1%
TSLA -3.96%

Birds of a feather.
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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