Author Topic: Bitcoins - about to hit $5,000 per coin today! (Read 1134618 times)

El Diablo Blanco · « **Reply #6425 on:** May 12, 2021, 11:33:28 AM »

Quote from: Mayday on May 11, 2021, 04:59:47 PM

God i hate this guy.

I hope everyone realises his tweets are a sell signal for his mates because he creates a buy wall for them to offload. They buy back on the dips and rinse/repeat.

Elon knows right from wrong. Even if one uses logic rather than morality, you still conclude what he is doing is wrong because you acknowledge 97% will get burned and they are the 'little people'. Therefore, in this structure you are aware only the 3% super rich will get super rich and that the claim you make which is 'a coin for the people' you know to be outright false. It logically fails on all fronts therefore becomes a psychopathic motive where you don't care about anyone or anything, you just want to make it happen.

He is frontrunning the SEC. Once he deems it an acceptable method of payment, they won't be able to do jack to it.

As much as Musk helped promote DOGE he is also killing any momentum in it.

Theoak* · « **Reply #6426 on:** May 12, 2021, 01:05:03 PM »

Quote from: obsidian on May 12, 2021, 11:03:50 AM

I've mined 101 ETH and have 90 ETH spread over various wallets. The other 11 ETH I converted over the years into other cryptos like Cardano, Doge, XRP, VECHAIN, Binance Coin, XLM, EOS, IOTA, Decentraland and a few others.

I have 25 BNB which I got when it was a lot cheaper.

I should mention that I did not mine straight for 3 years. In the warm months I shutoff the rigs for a period every year losing about 10 months total in mining yields. I also mined ZCASH for a while and still have 5 ZEC. So I am guessing if I had only mined Ethereum uninterrupted for 3 years I would have had close to 140 or 150 ETH now. In the beginning the rigs also crashed occasionally because of software glitches. Over time they became a lot more stable and now rarely act up. I was also overclocking the GPU cards too aggressively and lost two 1070 TI cards in the process which were replaced under warranty fortunately. I now know the limits of the cards.

There's a guy who calls himself Bits Be Trippin on Youtube. They have 2500 GPUs in their farm with over 50 Gh/s. With that hashrate he mined thousands of Ethereum. I am guessing 2000 ETH per year at peak.

You have quite the shitcoin profile

. I currently have 30 eth in blockfi and 70 in celsius earning 5% APY. The rest is in cold storage. If Mayday prediction of 20k comes true, I will offload a portion and purchase more btc.

Flexacon · « **Reply #6427 on:** May 12, 2021, 03:59:39 PM »

Bitcoin dump, thanks to Elon. Maybe he plans on switching to Doge payments.

What a crazy day!

https://twitter.com/elonmusk/status/1392602041025843203/photo/1

Bindare_Dundat · « **Reply #6428 on:** May 12, 2021, 04:05:58 PM »

Quote from: Flexacon on May 12, 2021, 03:59:39 PM

Bitcoin dump, thanks to Elon. Maybe he plans on switching to Doge payments.

What a crazy day!

https://twitter.com/elonmusk/status/1392602041025843203/photo/1

Its either a hack or hes terribly misguided. Either way hes a fucking idiot.

Bitcoin mining isn't anymore environmentally damaging then ethereum.mining or gold mining or any other shit. Crypto is less harmful to the environment than most things. What a tard.

Flexacon · « **Reply #6429 on:** May 12, 2021, 04:20:35 PM »

Quote from: Bindare_Dundat on May 12, 2021, 04:05:58 PM

Its either a hack or hes terribly misguided. Either way hes a fucking idiot.

Bitcoin mining isn't anymore environmentally damaging then ethereum.mining or gold mining or any other shit. Crypto is less harmful to the environment than most things. What a tard.

Ethereum actually has some use though other than store value and it has plans to shortly move from mining to proof of stake, so it's not an apples to apples comparison. Also there is XRP which uses minimal amounts of energy, roughly the same as an email server to run the whole shebang. Just saying...

Bitcoin will bounce back, but it's not a good day for the maxis.

OneMoreRep · « **Reply #6430 on:** May 12, 2021, 06:25:22 PM »

Makes me wonder whether this is a ploy by Elon to plummet the price of Bitcoin and then double down by buying on the massive dip (ie correction).

"1"

jude2 · « **Reply #6431 on:** May 12, 2021, 06:49:24 PM »

Quote from: OneMoreRep on May 12, 2021, 06:25:22 PM

Makes me wonder whether this is a ploy by Elon to plummet the price of Bitcoin and then double down by buying on the massive dip (ie correction).

"1"

He might not get away with that again.

SOMEPARTS · « **Reply #6432 on:** May 12, 2021, 06:54:42 PM »

Quote from: Flexacon on May 12, 2021, 03:59:39 PM

Bitcoin dump, thanks to Elon. Maybe he plans on switching to Doge payments.

What a crazy day!

https://twitter.com/elonmusk/status/1392602041025843203/photo/1

BUH BYE.

a_pupil · « **Reply #6433 on:** May 12, 2021, 07:01:43 PM »

How can 1 tweet cause such a drop?

Bindare_Dundat · « **Reply #6434 on:** May 12, 2021, 07:29:49 PM »

Quote from: a_pupil on May 12, 2021, 07:01:43 PM

How can 1 tweet cause such a drop?

Because the sheeple eat Elons cock day and night.

Grape Ape · « **Reply #6435 on:** May 12, 2021, 07:54:48 PM »

This thread is an incredible source.

You guys know your shit.

Thank you.

El Diablo Blanco · « **Reply #6436 on:** May 12, 2021, 08:02:21 PM »

This thread title might be right. BTC might hit $5000.

Bindare_Dundat · « **Reply #6437 on:** May 12, 2021, 08:16:56 PM »

If btc gets killed, crypto dies with it.

SOMEPARTS · « **Reply #6438 on:** May 12, 2021, 08:21:49 PM »

Musk is correct, Bitcoin does run primarily on fossil fuels.

The absolute horror!

He's manipulating the crypto market every week...hilarious. Probably put this out so he could divert $$$ to pump and dump DOGE.

All I can do is tip my cap to the guy, when it comes to crypto he is making tons of money without adding any value to the world whatsoever. Why bother with cars and rockets when you can do this?

Mayday · « **Reply #6439 on:** May 12, 2021, 09:08:06 PM »

Quote from: OneMoreRep on May 12, 2021, 06:25:22 PM

Makes me wonder whether this is a ploy by Elon to plummet the price of Bitcoin and then double down by buying on the massive dip (ie correction).

"1"

We are living in Elon’s simulation.

Never has a person existed who can draw so much capital away from people’s hands.

Mayday · « **Reply #6440 on:** May 12, 2021, 09:23:23 PM »

For anyone thinking crypto isn’t linked to the rest of the financial markets, here is your plain evidence. Markets took a dump and crypto got demolished.

On the note of institutions would HODL and volatility would be reduced, also debunked. They are wrecking everybody.

19.5% daily swing anyone LOL?

If BTC doesn’t rocket straight towards 70k after this one it means another attack is coming.

At 51k I’m still not seeing things ease up on BTC so I’d suggest another wave inbound.

obsidian · « **Reply #6441 on:** May 12, 2021, 09:41:03 PM »

Quote from: Theoak* on May 12, 2021, 01:05:03 PM

You have quite the shitcoin profile . I currently have 30 eth in blockfi and 70 in celsius earning 5% APY. The rest is in cold storage. If Mayday prediction of 20k comes true, I will offload a portion and purchase more btc.

Lol yes I have some shitcoins.

Yes I am earning 6% APR on Coinbase with my ETH. It is maxed out. Have you heard of Guarda? They offer what looks like 7.11% w/ ETH staking.

https://guarda.com/staking/ethereum-staking/

I have a few questions for you:
1. Why are you splitting your ETH between Blockfi and Celsius? Is there a limit to how much ETH you could lock in?
2. How much ETH do you have in total?
3. When you cash out, will you limit that to say under $400,000 in order to reduce your tax rate?

Flexacon · « **Reply #6442 on:** May 12, 2021, 09:41:32 PM »

Quote from: Mayday on May 12, 2021, 09:08:06 PM

We are living in Elon’s simulation.

Never has a person existed who can draw so much capital away from people’s hands.

Couple of interesting musings I've heard within the last couple of hours.

This is a big FUCK YOU to some of the hedge funds that tried to short Tesla. One of the big ones is due to undergo a liquidity test tomorrow and rumour has it they are deep in crypto and it's the main thing propping them up right now.

Something else that made sense to me is that who would be in a position to benefit from bitcoin going green and only using renewables for mining. Maybe a company that sells solar panels....you know like Tesla.

Damn these are some interesting times!

obsidian · « **Reply #6443 on:** May 12, 2021, 09:43:43 PM »

Quote from: Body-Buildah on May 12, 2021, 06:06:53 AM

Mike Ashley
Skip LaCour
Drug Miller
Chet Yorton

Ahh, Wes' great great grandchildren, the founders of blockchain technology! Thanks for the trip down memory lane!

obsidian · « **Reply #6444 on:** May 12, 2021, 09:46:21 PM »

Quote from: Flexacon on May 12, 2021, 03:59:39 PM

Bitcoin dump, thanks to Elon. Maybe he plans on switching to Doge payments.

What a crazy day!

https://twitter.com/elonmusk/status/1392602041025843203/photo/1

Did you see how his Doge questionnaire went? 78% voted yes they want Tesla to accept Doge. It is inevitable they will probably announce it at some point. Expect the Doge price to pump.

obsidian · « **Reply #6445 on:** May 12, 2021, 09:54:16 PM »

Quote from: SOMEPARTS on May 12, 2021, 08:21:49 PM

Musk is correct, Bitcoin does run primarily on fossil fuels.

The absolute horror!

He's manipulating the crypto market every week...hilarious. Probably put this out so he could divert $$$ to pump and dump DOGE.

All I can do is tip my cap to the guy, when it comes to crypto he is making tons of money without adding any value to the world whatsoever. Why bother with cars and rockets when you can do this?

The concerns I have long term with BTC is the fact that the amount of electricity will increase as the price goes up and more miners try to get in on the action. And eventually the BTC payouts will reduce so much that miners will stop securing the network. At that point the BTC holders will have to finance the security of BTC. Unless they come up with another solution.

Electrical usage on Ethereum's POW network have also been increasing year over year. It is not consuming as much power as Bitcoin but getting up there. This is were the switch to POS is a smart move. A lot less electrical consumption and yet the network is still secured via staking. Cardano is another POS blockchain that makes a case against the Bitcoin model. We'll have to see though how secure POS is vs POW.

Gitur · « **Reply #6446 on:** May 12, 2021, 10:02:13 PM »

Elon is start of a bigger problem. Everyday bitcoin is becoming more and more mainstream, and eventually it's going to be accepted on a worldwide scale. If you think what Elon is doing right now is bad, just wait until you get multiple people with 1,000,000+ followers pulling the same shit every single day. It's gonna get to the point where everyone with a massive following is gonna try to pump and dump crypto/shitcoins by using their following.

Actors, singers, politicians, influencers, governments, etc. I mean, surely people haven't forgotten about [China banning Bitcoin several times in 2017 to cause FUD so they can buy the dip]

Theoak* · « **Reply #6447 on:** May 12, 2021, 10:39:33 PM »

Quote from: obsidian on May 12, 2021, 09:41:03 PM

Lol yes I have some shitcoins.

Yes I am earning 6% APR on Coinbase with my ETH. It is maxed out. Have you heard of Guarda? They offer what looks like 7.11% w/ ETH staking.

https://guarda.com/staking/ethereum-staking/

I have a few questions for you:
1. Why are you splitting your ETH between Blockfi and Celsius? Is there a limit to how much ETH you could lock in?
2. How much ETH do you have in total?
3. When you cash out, will you limit that to say under $400,000 in order to reduce your tax rate?

I havent heard of them, many of these bitcoin banks are popping up.
Im still cautious and only allocated 1-2% into them. Still watching the space, I like what I see....

Blockfi have lowered their tier rates, firet 15 eth is 5% anything after that is 2%. (Ive split 30 into two accounts, mrs and mine. 15each) Most are taking long positions on eth and btc so these rates will come down as less people try to short the market.

TBH, had close to 500 Eth when they first come out. Now sitting on 150 as converted most to btc. Im 98% in BTC. Eth and Ltc hold a purpose for me now as their yields are higher and generate more btc for me through blockfi.
Celsius im about to draw a loan of about 700-800k using btc as collateral. Cant beat 1% interest for 3 years. Unlimited amount of ETH on celsius at 5.05%.

Tax laws are a bit different where I am. Im taxed at 25% no matter what amount. Having said that I wont be selling BTC until 2029. By then Id probably only cash out 1 or 2 coins which ive accumulated in interest along the way.

Bindare_Dundat · « **Reply #6448 on:** May 13, 2021, 01:47:02 AM »

Quote from: Theoak* on May 12, 2021, 10:39:33 PM

I havent heard of them, many of these bitcoin banks are popping up.
Im still cautious and only allocated 1-2% into them. Still watching the space, I like what I see....

Blockfi have lowered their tier rates, firet 15 eth is 5% anything after that is 2%. (Ive split 30 into two accounts, mrs and mine. 15each) Most are taking long positions on eth and btc so these rates will come down as less people try to short the market.

TBH, had close to 500 Eth when they first come out. Now sitting on 150 as converted most to btc. Im 98% in BTC. Eth and Ltc hold a purpose for me now as their yields are higher and generate more btc for me through blockfi.
Celsius im about to draw a loan of about 700-800k using btc as collateral. Cant beat 1% interest for 3 years. Unlimited amount of ETH on celsius at 5.05%.

Tax laws are a bit different where I am. Im taxed at 25% no matter what amount. Having said that I wont be selling BTC until 2029. By then Id probably only cash out 1 or 2 coins which ive accumulated in interest along the way.

Seeing as you're still hanging on to btc, how do you see this panning out short term?

Bindare_Dundat · « **Reply #6449 on:** May 13, 2021, 02:58:22 AM »

Things continue to drop across the board. Incredible how one fuckface can affect an entire market.

Guy tweeted again. He's worse then Trump. Ffs