Author Topic: Bitcoins - about to hit $5,000 per coin today! (Read 1129182 times)

IroNat · « **Reply #6450 on:** May 13, 2021, 03:48:40 AM »

For those of you who have invested significant real money into bitcoin, how many have at least cashed out your real money stake?

Bindare_Dundat · « **Reply #6451 on:** May 13, 2021, 04:06:41 AM »

Cardano is kicking ass right now. Flying

Bindare_Dundat · « **Reply #6452 on:** May 13, 2021, 04:12:24 AM »

Quote from: IroNat on May 13, 2021, 03:48:40 AM

For those of you who have invested significant real money into bitcoin, how many have at least cashed out your real money stake?

I did.

Mayday · « **Reply #6453 on:** May 13, 2021, 04:15:46 AM »

Quote from: Bindare_Dundat on May 13, 2021, 02:58:22 AM

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

The institutions have complete BTC control, it isn’t Musk doing this.

BTC hasn’t had a weekly close above 57k-59k since mid Feb and recently we started closing below those numbers.

Institutions aren’t doing themselves any favours by destroying BTC each time it gets legs and melting new retail buyers.

This is getting pretty brutal now. It’s this kind of stuff that made GameStop famous. People get jack of institutions and next minute retail buyers switch to Doge and because of the HODL mentality it takes off.

IroNat · « **Reply #6454 on:** May 13, 2021, 04:16:53 AM »

Quote from: Bindare_Dundat on May 13, 2021, 04:12:24 AM

I did.

Good man,

Bindare_Dundat · « **Reply #6455 on:** May 13, 2021, 05:20:48 AM »

Quote from: IroNat on May 13, 2021, 04:16:53 AM

Good man,

Its rule number one. Get your original capital out asap. I hope others did the same.

Bindare_Dundat · « **Reply #6456 on:** May 13, 2021, 05:25:33 AM »

Quote from: Mayday on May 13, 2021, 04:15:46 AM

The institutions have complete BTC control, it isn’t Musk doing this.

BTC hasn’t had a weekly close above 57k-59k since mid Feb and recently we started closing below those numbers.

Institutions aren’t doing themselves any favours by destroying BTC each time it gets legs and melting new retail buyers.

This is getting pretty brutal now. It’s this kind of stuff that made GameStop famous. People get jack of institutions and next minute retail buyers switch to Doge and because of the HODL mentality it takes off.

Whats the logic behind crippling BTC? I can think of a few reasons why but as always I enjoy hearing your take on it.

El Diablo Blanco · « **Reply #6457 on:** May 13, 2021, 05:40:25 AM »

Quote from: Bindare_Dundat on May 13, 2021, 05:25:33 AM

Whats the logic behind crippling BTC? I can think of a few reasons why but as always I enjoy hearing your take on it.

Welcome everyone to the world of investment banking. Before when BTC was owned by the people, they took care of it, held on to it, didn't short or try to fuck over anyone else. Now you have a lot of financial companies dipping their toes in it. They don't play fair or nice, they don't give a fuck about the people or the BTC community. Now they're playing their old fucking games. Short this, short that, manipulate the currency, make it go up, crash it, buy cheap, make it go up again, sell, crash etc.... All of you guys love posting these articles and get all excited every time a financial company decides to adopt BTC but then what you don't realize is that you're now playing games with the devil. Those fuckers will manipulate the shit out of BTC.

Don't think Musk as any power in this. Banks will now use any excuse to crash and recover BTC making money each time it happens.

Thin Lizzy · « **Reply #6458 on:** May 13, 2021, 06:31:14 AM »

Once you start seeing something in the news every day it almost invariably means that insiders are looking to cash out. Bitcoin is an example. So is GameStop. I warned my gf about the latter but she believes the shitheads on CNBC, didn’t listen, ended up buying and getting hurt.

polychronopolous · « **Reply #6459 on:** May 13, 2021, 07:29:50 AM »

Just because you all LOVE this man SO much

Mark Cuban doubles down on BTC after Tesla suspends its payments

Billionaire investor Mark Cuban doubled down on his support for Bitcoin’s BTC after Tesla’s CEO Elon Musk announced that his company was suspending payments from the cryptocurrency, citing the environmental impact caused by the latter.

Cuban tweeted on Wednesday,”We at http://Mavs.com will continue to accept BTC/Eth/Doge because we know that replacing Gold as a store of value will help the environment,” linking two articles and adding “consumption shrinking big bank and coin usage will benefit society and the environment.”

Following his tweet, a Twitter user responded to the Dallas Mavericks owner:”In reality, who is really using crypto to buy Mavs tickets or merchandise? It’s a cute gimmick but how many people are actually using this?”

Following his tweet, a Twitter user responded to the Dallas Mavericks owner:”In reality, who is really using crypto to buy Mavs tickets or merchandise? It’s a cute gimmick but how many people are actually using this?”

Cuban responded to the user’s question, pointing out that Doge transactions for tickets were “thousands of dollars per week and growing.”

Last week, the Mavericks owner appeared on the Rob Lowe podcast to discuss a number of topics, including cryptocurrencies and the rise of Dogecoin.

“The interesting part is that people spend money with it and you know, we were doing $10 a day, then a few hundred, and then a few thousand a week and you know, its kind of steadily grown up by big leaps and bounds, but just steadily grown,” the billionaire investor said about Doge.

Cuban then brought up the company Bitpay, which is a gateway that allows people to use cryptocurrencies for transactions.

https://liquidcrypts.com/mark-cuban-doubles-down-on-btc-after-tesla-suspends-its-payments/

SOMEPARTS · « **Reply #6460 on:** May 13, 2021, 07:50:03 AM »

Quote from: tommywishbone on May 13, 2021, 07:42:31 AM

Too funny. Bitcoin is not wind powered?

Nope, more than 65% worldwide electric provided by fossil fuels.

If you like Bitcoin you like killing the planet. Where is Greta and her climate change devotee Arnold?

tommywishbone · « **Reply #6461 on:** May 13, 2021, 07:57:49 AM »

Quote from: SOMEPARTS on May 13, 2021, 07:50:03 AM

Nope, more than 65% worldwide electric provided by fossil fuels.

If you like Bitcoin you like killing the planet. Where is Greta and her climate change devotee Arnold?

I'm so confused I deleted my comment because I thought it might be insane.

I thought Bitcoin was simply a "a value attached to something that doesn't really exist." How can it be bad for the environment? Are you guys fucking with the old guy and I can't figure this out. I've always been a brick & motar guy... Phillip Morris, 3M, Apple, IBM.

Bindare_Dundat · « **Reply #6462 on:** May 13, 2021, 07:58:23 AM »

some great points. although i really hope elon stays the fuck away from Cardano.

Bindare_Dundat · « **Reply #6463 on:** May 13, 2021, 08:07:46 AM »

Quote from: El Diablo Blanco on May 13, 2021, 05:40:25 AM

Welcome everyone to the world of investment banking. Before when BTC was owned by the people, they took care of it, held on to it, didn't short or try to fuck over anyone else. Now you have a lot of financial companies dipping their toes in it. They don't play fair or nice, they don't give a fuck about the people or the BTC community. Now they're playing their old fucking games. Short this, short that, manipulate the currency, make it go up, crash it, buy cheap, make it go up again, sell, crash etc.... All of you guys love posting these articles and get all excited every time a financial company decides to adopt BTC but then what you don't realize is that you're now playing games with the devil. Those fuckers will manipulate the shit out of BTC.

Don't think Musk as any power in this. Banks will now use any excuse to crash and recover BTC making money each time it happens.

I posted an article yesterday on this exact topic.

French · « **Reply #6464 on:** May 13, 2021, 08:11:27 AM »

Go Elon, I own 10 000$ of ADA.

loco · « **Reply #6465 on:** May 13, 2021, 08:16:09 AM »

SOMEPARTS · « **Reply #6466 on:** May 13, 2021, 08:20:10 AM »

Quote from: tommywishbone on May 13, 2021, 07:57:49 AM

I'm so confused I deleted my comment because I thought it might be insane.

I thought Bitcoin was simply a "a value attached to something that doesn't really exist." How can it be bad for the environment? Are you guys fucking with the old guy and I can't figure this out. I've always been a brick & motar guy... Phillip Morris, 3M, Apple, IBM.

It takes massive processing power for Bitcoin to run. It's a giant living electronic ledger that requires updating by reprocessing over and over. It's one of the most inefficient technologies that exist IMO.

https://www.allaboutcircuits.com/news/cryptocurrency-mines-consume-more-power-argentina-psus-can-help/

French · « **Reply #6467 on:** May 13, 2021, 08:25:10 AM »

should be processed with Nuclear power not the China coal.

SOMEPARTS · « **Reply #6468 on:** May 13, 2021, 08:27:17 AM »

Quote from: French on May 13, 2021, 08:25:10 AM

should be processed with Nuclear power not the China coal.

Did you miss the part where the world runs on 65% plus fossil fuels?

These dumb green arguments never cease.

Coffeed · « **Reply #6469 on:** May 13, 2021, 08:36:04 AM »

If bitcoin has a finite supply, wont the energy consumption plummet once they are all mined?

OneMoreRep · « **Reply #6470 on:** May 13, 2021, 09:30:35 AM »

Quote from: Bindare_Dundat on May 13, 2021, 07:58:23 AM

some great points. although i really hope elon stays the fuck away from Cardano.

I am perfectly fine with Elon hoping on the Cardano train.

I can somewhat see your point in that every time Musk hops on board to back (or pump) a cryptocurrency, it takes a dive head first (Bitcoin + DOGE), but I think that for the purposes of what Musk is trying to do (reduce Carbon Emissions, not fuck with coal byproducts, keep mining costs low etc) Cardano makes perfect sense. If there is any time for Cardano to break out and quickly become second to Bitcoin, I think it would be now. Just going by today's coinmarketcap values, Cardano has now taken the 4th spot by market cap in the crypto market, beating out DOGE, XRP, Polkadot and Tether.

"1"

El Diablo Blanco · « **Reply #6471 on:** May 13, 2021, 09:39:08 AM »

Quote from: French on May 13, 2021, 08:25:10 AM

should be processed with Nuclear power not the China coal.

I'm sure China has all sorts of rigs setup for mining. Between them and Russia they are probably grabbing the lions share of all newly mined crypto

Bindare_Dundat · « **Reply #6472 on:** May 13, 2021, 10:18:15 AM »

Quote from: OneMoreRep on May 13, 2021, 09:30:35 AM

I am perfectly fine with Elon hoping on the Cardano train.

"1"

sorry but you are wrong here. the guy is poison.

FitnessFrenzy · « **Reply #6473 on:** May 13, 2021, 10:23:41 AM »

$ 48,710.51

OneMoreRep · « **Reply #6474 on:** May 13, 2021, 10:24:56 AM »

Quote from: Bindare_Dundat on May 13, 2021, 10:18:15 AM

sorry but you are wrong here. the guy is poison.

This is where we will disagree. I think he is weird as fuck, has Asperger's and all, but I don't think he is poison. I simply think he is a VERY calculated troll that has been making his friends (and himself) very rich in this entire hit towards crypto. Elon doesn't have to care for any of us. Elon ONLY has to care about his projects and his investors. As Mayday said earlier, we are all living in Elon's simulation here. The man is a modern day Lex Luther and we can't do anything about it.

"1"