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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 » Fri 12 Dec 2025, 23:39:09

$this->bbcode_second_pass_quote('theluckycountry', '
')And that's what you coinheads are facing. Everything you worked for for years, Erased!


Sort of like those suckers who bought expensive gold because...you know.....they are uneducated and waited half their adult lives to get started and then happily paid far more for it!

I'm still waiting for Careinke to chime in and let us know what the educated view on it is right now. Monkeys throwing their usual fecal matter because...well...it is what monkeys do....is just that.
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 13 Dec 2025, 01:44:18

When the lights are off for a while, the cockroaches always come out.
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 13 Dec 2025, 07:36:24

It's late Saturday evening across the Eastern hemisphere now, early morning in america. This image explains it. The International date line lies some thousands of km East of Australia, the Red line on the map. I know many will not have a clue what the land masses represent but the big long one on the right is the americas and to the left of the line is Australia, at the bottom, and Asia at the top.

Image

What that implies is that it is now only early Saturday morning in the americas, people are only just waking up and checking their phones for the btc price. Meanwhile a whole day of weekend trading has transpired in the East. Beginning early this morning the btc price began to collapse and collapse fast, eastern peoples were sellers. This is interesting because Asian people are Smart! You go to an American city and you wont find them living in the homeless camps, no they are the ones who own all the businesses and are doing well. Homeless camps are full of degenerate White people and poor blacks, but mostly Whites.

It's interesting too that for 20+ years Gold has been flowing from West to East. Silver too I'd imagine? The Asians and the Eastern Europeans are well ahead of the curve as far as wealth preservation goes. The West, the US and Western Europe are mired in debt and hold only paper/digitals like stocks and btc. Most btc is held in the US. Pockets full of digital promises, digital nothings. It's no stretch either to see where this self-impoverishing behavior came from, government enforced Private pensions. In the East those don't exist, people just naturally look around for value, buy land, buy Gold, buy anything tangible that they believe will hold it's value as they age. many average Asians do engage in the stock market but to them that's clearly a gamble, not their retirement savings.

The Western peoples have been literally Herded into paper assets, assets any stock analyst will tell you are vastly overvalued by traditional metrics like price to earnings ratios. But since their income depends on them peddling these stocks they keep quiet and talk about "Growth" companies. Take Tesla for example, it's valuation has and still is tied to it growing bigger and bigger. It's a (don't worry, the money will be there in the future) kind of thinking. But any growth it experienced on the way up the battcar Bubble was negated by the massive cash burning, now it's a dead shell. Robots! That's what the Growth angle depends on now. Robots that for all practical purposes don't exist! Tesla is not selling Robots, and even if it was, the Chinese are so far ahead of what Tesla is parading around stage they could come in and wipe them off the table. Just like they did with their cheaper rechargeable battery cars.

But that one company is just the tip of the phony stock iceberg, crypto, the millennials darling, is likewise just an empty promise. Only a lazy brain-dead generation could have been sucked in by that ponzi scheme. And so they were, dragging a few million greedy old debt laden Boomers along with them. So it's daytime in America now, they will be waking up, having their first bowl of $1 noodles and logging on to "buy the dip" The baghodler of last resort, the tapped out US consumer. Remember the Great Recession, the GFC. It wiped 50% off the paper markets overnight and wrecked many companies. That's your risk, ignore at your peril.

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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 13 Dec 2025, 11:29:21

$this->bbcode_second_pass_quote('theluckycountry', ' ') Remember the Great Recession, the GFC. It wiped 50% off the paper markets overnight and wrecked many companies. That's your risk, ignore at your peril.


Good thing some of us have gold to tide us over!

But here is the thing....as best I can tll, during the Great Recession....none of us here who have gold, which would have been at least Armie and I among the current posters, didn't actually sell any of it.

Good thing those of us with those market tracking funds kept those as well, because coming out the Great Recession, they did great!
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 13 Dec 2025, 23:13:21

Sending Love to you Inke

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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 » Mon 15 Dec 2025, 20:27:23

$40,000 down from the top AGAIN!

Image

And the DOW is still partying like it's 1999.
What's going on??? BTCs not doing what we want. Bitcoin has to go up because of the inflation, because of the economic turmoil, Because they are PRINTING like crazy!
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 16 Dec 2025, 18:45:05

Same ol same ol, when the market opened this morning the Americans bought the dip and pushed the price up a bit. They seem to be the baghodler of last resort, Asia sells during their trading day.

So why did the crypto, I know, I know, Bitcoiners don't like to call it a cryptocurrency anymore because Saylor said so and because there is a real stigma attached to it. So we call it a commodity now, like if we stopped calling the Tesla a car and started calling it a refrigerator. Same sort of thing hey 8O

Anyway, so why did the cryptos + the commodity BTC, disconnect from the stock markets a few months back? Why are not going up to new highs like the DOW et al? I think I know, and you won't like the answer, but a true believer in the White paper should like the answer. After all one of BC main tenants was that it was free of market and government control... RIGHT? Well I think the big institutional players are done with it. I think they are now simply selling into the market and not buying. Boredom? Perhaps, or perhaps there are bigger fish out there to fry. Either way this is happy new for all those dweebs stacking Sats, they can have as many as they want at ever lower prices. All they have to do if buy the Dip. Just buy the Dip.
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 » Wed 17 Dec 2025, 10:56:40

$this->bbcode_second_pass_quote('theluckycountry', '
')Anyway, so why did the cryptos + the commodity BTC, disconnect from the stock markets a few months back?


Dunno. Doesn't matter much. And you wouldn't listen to a parrot on the topic anyway. Polly want a cracker?
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 17 Dec 2025, 13:11:58

I remember when I was calling the top, back in May 2025 @$110,000. You can never time a top perfectly, but anyway I advised inke to sell, to get out while he could! If you're going to make a break from a bad investment you have to act decisively. Inke was convinced though it would be $200k by... Now basically, and laughed me off, though there was no ration reason to believe in the 200 price tag. Well now it $87k, a booked loss of $24,000. Over the same period Silver has risen 70%. And that of course was the instrument I was advising buying. Yes, financial advice, sue me :lol:

Gold, for those that don't own any, like Inke and the Troll, would have been a smart call too. Everyone should own some Gold. But Silver was the runaway train due to the Gold/Silver ratio being so out of wack. Anyway, it's all academic now isn't it, coiners are gonna have to ride this bear market all the way to the bottom in the belief, the shaky belief, the stress filled belief that in 3 years it will rise from the ashes yet again. I don't think any hodlers believe in the bull now, they are all agreed the bear has reasserted itself.
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 » Wed 17 Dec 2025, 13:51:13

$this->bbcode_second_pass_quote('theluckycountry', ' ') If you're going to make a break from a bad investment you have to act decisively.


So....when gold was dropping in 2013-2014 you acted decisively and sold it? Or are you just a liar as to "acting decisively" when it applies to 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

Unread postby theluckycountry » Wed 17 Dec 2025, 14:03:03

IF it hits $100,000 again I'm out forever

I remember a client expressing this sort of sentiment back in 2005, about Silver of all things. Well I suppose it didn't matter in his case, he's probably dead by now, and he owned several blocks of units so he wasn't shy on a buck. But he'd bought in to the 1970's Silver bubble toward the top and lost quite a bit when the price collapsed. That was a real lesson for me, don't buy into an exponential curve near the top, which is basically what this whole generation of coiners have done. They brag about how BC was once super cheap, as though that is evidence that today's prices are super cheap and it will go on to be worth a million dollars. But nothing could be further from the truth. The simple fact that this multi year leg up barely out did the last says it all. 1000% gains are an anomaly.
$this->bbcode_second_pass_quote('', 'I')’m beginning to realize that Bitcoin will likely never be viewed as a true store-of-value asset by institutions or individuals who manage trillions of dollars. The risk profile is simply too high, and its price behavior continues to closely mirror that of technology equities. In theory, Bitcoin is an extraordinary technological innovation. However, when evaluated strictly as a store of value or a potential replacement for gold, that narrative appears increasingly untenable. This current market cycle reinforces that conclusion. Amid rising geopolitical and macroeconomic uncertainty, gold and silver have surged, while Bitcoin has declined—behaving not like a safe haven, but like a high-beta risk asset. As a result, my framework for Bitcoin has changed substantially. I now view it less as “digital gold” and more as a speculative technology asset—closer in behavior to large-cap tech stocks than to monetary metals. That shift in perception seems to be occurring more broadly across the market as well. If this narrative transition continues—from store of value to tech-like risk asset—it would not be surprising to see Bitcoin trade materially lower from here.
https://www.reddit.com/r/Bitcoin/commen ... t_forever/

The monkeys on the sub naturally decried this post, accused it of being a Chat GPT hallucination. They simply will not accept any reasoned thought on the matter. It's Hodl, or you're a traitor to the cause, which is Hodl. An even more demented mindset exists on the dogecoin spaces, there it is "Just do good every day and Hodl." As though if people go out and do good in the world, act like doormats, the Universe will make dogecoin go up. How do you recover from that sort of ingrained psychology?
$this->bbcode_second_pass_quote('', 'A')pproximately 14.4 million new Dogecoin (DOGE) are added to the ledger every day, which amounts to around 5.2 billion new Dogecoin per year
And they expect it to go to $1... Those people are certifiably Crazy!
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 17 Dec 2025, 14:19:20

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 » Wed 17 Dec 2025, 22:28:47

$this->bbcode_second_pass_quote('theluckycountry', '[')b]IF it hits $100,000 again I'm out forever


Oh dear lord tell me WHAT and I'll publish something to try and jack its price to get rid of the forum parrot!
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 » Thu 18 Dec 2025, 02:19:48

The typical post
- If you bought $100 of Bitcoin in 2010 and watched it go to...

The logical replies
- I lost an old harddrive from my farming bitcoin at the time for fun. about 500 bitcoin on it. if I had access to it over the years I would have made a whopping 250-500$ at most. noone took bitcoin seriously at the time so when it got to 1$ I would have sold it and SCORE! a cdwriter 2x or whatever.

- OP is forgetting about the more likely scenario. Bought $100 in bitcoin in 2010 and then threw away laptop hard drive or thumb drive or floppy disk or whatever. Then watching it go from $1k → $100k → $1.7M and being able to do nothing.

- Everybody regrets selling bitcoin for fiat, but nobody ever regrets using it for the ounce of weed back in 2010. It may have been life changing weed, or any happy moment in time associated with it.

- I mined ~250 btc over the summer in 2012 and sold them between 4 and 32$ each. last purchase was like 6 btc for borderlands 2 which i never got around to playing :)

- I was gonna put a couple of grand in Bitcoin in 2013. I know exactly what would have happened to it, because I know I would have just copied exactly what my friend did, and I would have watched it go up in smoke on Mt Gox like his did.

But there are/were a few BC whales who bought in and never sold, until now. Big sales from old wallets are coming out of the woodwork. I guess they know the writing is on the wall.
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 » Fri 19 Dec 2025, 21:30:35

$this->bbcode_second_pass_quote('theluckycountry', 'T')he typical post
- If you bought $100 of Bitcoin in 2010 and watched it go to...

The logical replies
- I lost an old harddrive from my farming bitcoin at the time for fun. about 500 bitcoin on it. if I had access to it over the years I would have made a whopping 250-500$ at most. noone took bitcoin seriously at the time so when it got to 1$ I would have sold it and SCORE! a cdwriter 2x or whatever.



Sounds pretty familiar to you burying gold in your yard and then forgetting where.

I recommend keeping yours in the house like I do!
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 Armageddon » Fri 19 Dec 2025, 22:30:49

I’m down 50k messing with this stupid shit. Oh well, my silver and gold gains dwarf that. I’ll never stick another penny in the crypto shitcoin scams. I still have 20k in XRP, maybe I’ll make my 50k back. Doubtful.
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Re: Bitcoin & crypto? Pt. 3

Unread postby AdamB » Fri 19 Dec 2025, 23:12:38

$this->bbcode_second_pass_quote('Armageddon', 'I')’m down 50k messing with this stupid shit. Oh well, my silver and gold gains dwarf that.

What might your stupid shit be? After nearly 40+ years since my first and only PM investment, and with some 35 years of normal market type stuff, both have done well, with market stuff having done better than the PMs. But it hasn't always been that way, based on either going one way or another.

I'm just glad that when I kick off the family will be covered. In the meantime, I am happy to have enough health to stay on motorcycles, eat food with my own teeth, and be in demand for my professional services.

$this->bbcode_second_pass_quote('Armageddon', '
') I’ll never stick another penny in the crypto shitcoin scams. I still have 20k in XRP, maybe I’ll make my 50k back. Doubtful.


Never did anything with crypto. Careinke couldn't explain to my satisfaction how I could even do a basic motorcycle deal with the stuff without referencing like...a guide book or something. And then the value isn't as stable as just an envelope full of $100 bills because crypto is more like a financial instrument. Someone gives me $100 crypto today and when I go to spend it tomorrow its worth $80. Or $120. I don't like the risk of its value moving that much that fast.
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 » Fri 02 Jan 2026, 04:03:35

$this->bbcode_second_pass_quote('careinke', '')$this->bbcode_second_pass_quote('theluckycountry', 'O')ver 120k remember Inke. That's what stinkcoin needs to achieve to surpass it's previous high in inflation adjusted terms. Just sell the crap while you can and be done with all the stress. You have enough of that on your plate now with that Battcar you went deep into debt with.


Well BTC closed yesterday at $121,709, with the daily high of 122,319. Does that count??? Of course today, there is an expected pullback to test the new high. The day is still early though. Maybe you could claim it's a new crash, so I can make more money? :-D

As far as "deep" in debt for ROW-B, you are just dreaming. A 2% interest rate, $200 savings on Gas per month after I deduct electricity costs, no 5,000 Mile ICE service ($400/visit), I'm pretty sure I'm coming out ahead on the deal.


Well you still have to pay back that $80k or whatever you paid, does that count for anything?

Sorry to hear about the collapse in BTC, I know you were counting on to going to $200,000 by xmass. But remember, 1BTC = 1BTC and always will.


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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 » Fri 02 Jan 2026, 04:20:35

$this->bbcode_second_pass_quote('careinke', 'T')hought I'd stop by and say thanks for the money I've been making. You are the BEST reverse indicator I have EVER used, keep it up, pretty sure you are batting 1,000.

Well, nothing lasts forever does it...

Except Gold of course, it's totally nonreactive and lasts forever.

Minted in Egypt, 3000+ years ago.

Image

But Gold isn't for the little people, Debt and paper assets are, and digital magic beans now of course. The truth is there is only so much wealth on the planet, there isn't an endless cookie jar full. For 100 years Oil allowed us to dig and grow and create vast amounts of stuff, but those days are over. Now it's time for a reckoning. How will people pay back all their debts now? Well, it's not my problem, but I think about it from time to time, and when I do I usually add an alarm system or reinforce my front door.


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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 » Fri 02 Jan 2026, 17:35:23

$this->bbcode_second_pass_quote('theluckycountry', '
')Well, nothing lasts forever does it...


Certain things do. You will never be able to argue with anyone having intelligence beyond that of a parrot.
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