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Bitcoin & crypto? Pt. 3

Discussions about the economic and financial ramifications of PEAK OIL

Re: Bitcoin & crypto? Pt. 3

Unread postby AdamB » Mon 09 Jun 2025, 18:46:44

$this->bbcode_second_pass_quote('theluckycountry', 'A')fter June 6 the Dow Jones turned up again, dragging BC along, as we now see.
https://duckduckgo.com/?t=ftsa&q=dow+jones+chart&ia=web


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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

Unread postby careinke » Mon 09 Jun 2025, 20:41:30

$this->bbcode_second_pass_quote('theluckycountry', 'B')e double digits by tomorrow. Perhaps a shot of Viagra's needed :shock:


That prediction did not work out so well for you, did it? There is a reason I ask you to watch and learn poor boy.

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Re: Bitcoin & crypto? Pt. 3

Unread postby careinke » Mon 09 Jun 2025, 20:50:28

$this->bbcode_second_pass_quote('theluckycountry', 'A')fter June 6 the Dow Jones turned up again, dragging BC along, as we now see. This "pop up" and sideways shift in stocks is still continuing with modest gains daily.
https://duckduckgo.com/?t=ftsa&q=dow+jones+chart&ia=web


Not sure what this has to do with Bitcoin, I was pleased with a 4.5% gain for the Z day. I did find it rather amusing you used Duck.AI as your source Quack!

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Re: Bitcoin & crypto? Pt. 3

Unread postby theluckycountry » Tue 10 Jun 2025, 19:11:16

Yes it follows the stockmarket inke, BC is a stock now, just another Wall street product to be pumped and dumped. The only question you need to ask is, when will the next crash come? And will you have the balls to sell out before the falls...

13 May 2025 — “Buffett isn't predicting a crash—he's preparing for opportunity.” He's following the timeless advice: “Be fearful when others are greedy.”

A crypto holiday

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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

Unread postby theluckycountry » Sun 15 Jun 2025, 15:23:37

For quick daily or weekly chart updates on the BC price
https://duckduckgo.com/?t=ftsa&q=dow+jones+chart&ia=web
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

Unread postby AdamB » Sun 15 Jun 2025, 17:53:29

$this->bbcode_second_pass_quote('theluckycountry', 'F')or quick daily or weekly chart updates on the BC price
https://duckduckgo.com/?t=ftsa&q=dow+jones+chart&ia=web

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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

Unread postby theluckycountry » Sun 15 Jun 2025, 19:22:10

You're up late adam, sleeping on the lounge again?
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Re: Bitcoin & crypto? Pt. 3

Unread postby AdamB » Mon 16 Jun 2025, 15:34:19

$this->bbcode_second_pass_quote('theluckycountry', 'Y')ou're up late adam, sleeping on the lounge again?


What does that word imply or mean, down in the land of banana benders? sleeping on a lounge? Is that a euphemism for getting kicked out of the bed and ending up on a couch or pool furniture outside or something?

And the answer is no, I usually don't stay up late (certainly never to banter with cretins), I have a bed, occupied at night by both a wife and a dog, and I like sleeping there, so I do.


PS: So as to not confuse you with words you are unlikely to understand:

euphemism
noun
eu·​phe·​mism ˈyü-fə-ˌmi-zəm
Synonyms of euphemism
: the substitution of an agreeable or inoffensive expression for one that may offend or suggest something unpleasant
also : the expression so substituted
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

Unread postby theluckycountry » Tue 17 Jun 2025, 18:16:34

UK Gold Mining Company Bluebird To Convert Revenues Into Bitcoin

$this->bbcode_second_pass_quote('', 'B')luebird Mining Ventures Ltd., a pan Asian gold project development company, recently announced a major strategic shift. It plans to convert future revenues from its gold mining projects into bitcoin and adopt bitcoin as a treasury reserve asset. “By adopting a ‘gold plus a digital gold’ strategy, it offers the Company an opportunity to turn the page and look to the future and seek to attract a new type of shareholder,” said the Executive Director and CEO of Bluebird Aidan Bishop.

“Under the leadership of a new CEO, once identified, it is my sincere hope that Bluebird will finally realize its ambitions for which it was initially established for.”
https://bitcoinmagazine.com/news/uk-gol ... to-bitcoin

A typical BTC ramping piece, buy buy buy. But let's unpack this shall we.

We have a "gold project development company" Not a mine! Which has been struggling to "realize its ambitions" and has come out and said it will "convert Future revenues" into stinkcoin. Why? To "attract a new type of shareholder". What type? The coinhead of course :roll:

Like Microstrategy did I guess? Tie it's brand to the bitcoin brand and in so doing lure coiners to invest in its stock. Nice marketing pitch, but it probably won't save them. The company has a market cap of 4 million pounds, that's nothing, it's worthless. I assume the "New Leadership" involves some millennial coinheads who thought the marketing with bitcoin might raise the share price so they can buy new Jags and pay off their mortgages. In the last year the stock price high was two pounds, now it's 60 pence. It has "issues"

https://www.lse.co.uk/SharePrice.html?s ... g-Ventures
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

Unread postby theluckycountry » Tue 17 Jun 2025, 22:10:40

Here's a good one.

Bitcoin Mining Costs Soar as Hashrate Hits Records: TheMinerMag
$this->bbcode_second_pass_quote('', 'B')itcoin BTC miners are facing mounting pressure as the network’s hashrate and difficulty continue to climb, tightening margins even as bitcoin’s price holds steady... Escalating competition and energy costs are expected to drive production expenses above $70,000 per BTC, up from $64,000 in the first quarter of the year, the report said.

Meanwhile, mining equities are decoupling from bitcoin’s price performance. IREN, Core Scientific (CORZ), and Bit Digital (BTBD) were all in the green over the last month, while Canaan (CAN) and Bitfarms (BITF) were both down double digits during the same time period.

The shift suggests that investors are paying closer attention to business models rather than just Bitcoin’s price action.
https://finance.yahoo.com/news/morgan-s ... 58659.html

What does this imply? That soon the mining/validation costs of bitcoin transactions will exceed the cost of the BC itself. And as time goes on those costs will only increase. At best the network will cannibalize itself to pay these fees. At worst it will simply collapse the next time BC falls below the cost of mining it as miners exit enmass. Some people have claimed that BC could go to zero, this is how it could happen.

may you live in interesting times.
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

Unread postby theluckycountry » Wed 18 Jun 2025, 05:49:19

Bitcoin and the DOW, hand in hand


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Re: Bitcoin & crypto? Pt. 3

Unread postby AdamB » Wed 18 Jun 2025, 16:25:04

$this->bbcode_second_pass_quote('theluckycountry', '')$this->bbcode_second_pass_quote('', '
')“Under the leadership of a new CEO, once identified, it is my sincere hope that Bluebird will finally realize its ambitions for which it was initially established for.”
https://bitcoinmagazine.com/news/uk-gol ... to-bitcoin

A typical BTC ramping piece, buy buy buy. But let's unpack this shall we.


Thinking requires a brain. I doubt you can unpack a suitcase.

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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

Unread postby theluckycountry » Wed 18 Jun 2025, 21:15:48

It's just over your head adam, go back to politics and Biden

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Re: Bitcoin & crypto? Pt. 3

Unread postby AdamB » Fri 20 Jun 2025, 21:10:52

$this->bbcode_second_pass_quote('theluckycountry', 'I')t's just over your head adam, go back to politics and Biden


Ride away Polly, ride away...

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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

Unread postby theluckycountry » Sat 21 Jun 2025, 04:06:48

Dogecoin, the six month chart would make a great waterslide.
https://finance.yahoo.com/quote/DOGE-USD/

If you want to experience derangement pop over to the big reddit sub on the topic
$this->bbcode_second_pass_quote('', '
')I’ve mentioned this before, but it’s just outright out of control now. Literally every post is pummeled by negative comments. Every post. Not some or most. Every post is swarmed by negative comments. Our acronym literally stands for Do. Only. Good. Everyday.

- You always get massive negativity during the bottom... not financial advise, I am not a cat.
- Don't Ogle Gay Elephants (Without their consent)
- Donuts- Orphan- Goats- Eleven… first words that came to mind. Interesting.
- I’m here. I’m positive. Doge will reach the moon. And I love you!
- People buy the chart now not the purpose


That last comment is very telling and is at the core of crypto. Nearly All crypto, NEARLY ALL of them, were conceptualized, instigated, instituted, as a currency for everyday use. That is their function, their purpose. They were never created as a get rich quick scheme but that is exactly what they have become. Buy and hodl, then sell and buy lambo. Their failure is more obvious than the failure of the EV complex and will probably take as much capital down with it.

The investment schemes tailored for the brainless burger flipping millennial generation who were priced out of everything but memes on their smart phones.


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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

Unread postby AdamB » Sat 21 Jun 2025, 11:41:06

$this->bbcode_second_pass_quote('theluckycountry', 'D')ogecoin, the six month chart would make a great waterslide.

https://finance.yahoo.com/quote/DOGE-USD/

When a parrot parrots others...does that make them a super parrot?

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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

Unread postby theluckycountry » Sat 21 Jun 2025, 16:14:25

$102,689. range bound exactly as the DOW is at the moment.

$this->bbcode_second_pass_quote('', 'A')ccording to on-chain metrics, Bitcoin and Ethereum have once again become highly correlated with the US stock market, indicating that traditional financial trends are having a stronger influence on crypto prices. With stocks facing uncertainty, Bitcoin’s ability to break out of its current range remains questionable.

Could these macroeconomic developments push the market even lower, or is Bitcoin preparing for a surprise reversal? With volatility increasing, the coming days will be crucial in determining BTC’s next move. Traders and investors are now watching closely to see whether BTC can shake off its stock market correlation or if more downside is ahead.
https://bitcoinist.com/bitcoin-ethereum ... n-markets/

If it shakes it off it will the first time in it's history. The correlation is the only reliable metric BC has. For an asset to rise it has to be actively bought, for it to fall it has to actively sold. But what coiner sells into a collapsing market? That's when the memes come out and they hodl, like inke does. Clearly it's institutional investors/insiders/manipulators cashing in on the pump and dump. To them BC isn't money, or a store of value, it's simply another Wall St product to be sold high and bought low.
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

Unread postby theluckycountry » Sat 21 Jun 2025, 16:32:06

8O

Norway’s government explores crypto mining ban amid energy supply concerns
$this->bbcode_second_pass_quote('', 'A') temporary ban could be imposed as early as autumn based on an investigation into crypto miners’ energy consumption... Norway would not be the first country to consider a ban on cryptocurrency mining. In January, Russia began imposing a ban in 10 regions as part of efforts to limit blackouts and reduce energy consumption.
https://cointelegraph.com/news/norway-g ... ban-energy

Norway? NORWAY? They are the energy powerhouse of Europe, the biggest EV buyer on the planet. But guess what... They aren't stupid either :lol: If they are pulling the pin it has to be a real concern. Story is from a coinhead site too.

Don't worry inke, I won't expect you to comment on it, after all BC is going to a $million and that's all that counts hey

A couple of memes to put your mind at ease

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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

Unread postby AdamB » Sat 21 Jun 2025, 16:37:05

$this->bbcode_second_pass_quote('theluckycountry', 'D')ogecoin, the six month chart would make a great waterslide.
https://finance.yahoo.com/quote/DOGE-USD/


Look! The Parrot parrots!

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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

Unread postby theluckycountry » Sat 21 Jun 2025, 17:02:03

anything constructive to add to the conversation adam? Any incites? Any cutting edge news?
Wouldn't think so :-D
A troll on the ignore list on a dead forum. So sad.
Hey you know what this place actually is now don't you adam?
It's my personal Blog, where I post up my thoughts on the dying western empire.
You and inke are most welcome here, at least until the lights go out :wink:
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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