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Bitcoin-Explain to me how to buy these things (4 Viewers)

Nathan R. Jessep said:
Have seen several technical analysts saying they think we will come back down. Some are saying down bigly. 25.2k, ~20k, 12-14k seem to be the support/resistant points, should we drop again. It makes sense (to me) if the fed prints money and strengthens the dollar again. Would be bad for everything, but it could happen to stop banks from collapsing. Several are saying that this is likely just a rally. The predicted actual bull run is still another year to year and a half away. (BTC halving cycle being the catalyst). As for me, I'm still DCA'ing (smaller amounts during this pump) into my watchlisted projects for the long haul.
Click to expand...

I'm pretty sure this run-up is because of the bank run, because banks failing just once again shows that without intervention the entire banking system is designed to fail, and makes every person into a creditor issuing an unsecured loan to a leveraged counterparty that may fail. Only governments stepping in and insuring those deposits stops the whole system from collapsing, but that is a bandaid on top of a bandaid and as we've seen time and time again, has limitations.

From a consumer perspective banks exist mainly because it's not feasible or secure to store $180,000 under your mattress. But with the blockchain and self-custody, it is.

So which is better, giving away all your money to someone else to hold who can then gamble it to make money themselves and make rules around how and when you are allowed to access YOUR OWN money. Or holding on to your money yourself, never having to worry about someone else losing your money for you, and having complete and instant access to it in any manner you choose at any time you choose?

Every time a bank fails, it's another strike against the former, which makes the use case for the latter stronger.
 
FreeBaGeL said:
So which is better, giving away all your money to someone else to hold who can then gamble it to make money themselves and make rules around how and when you are allowed to access YOUR OWN money. Or holding on to your money yourself, never having to worry about someone else losing your money for you, and having complete and instant access to it in any manner you choose at any time you choose?
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Defending the status quo is like defending the need for realtors. Sure, they can be helpful at times, but not 6% of your home value helpful. People will look back at the traditional banking system in a few years and realize how antiquated, bloated, and inefficient it is.
 
FreeBaGeL said:
Nathan R. Jessep said:
Have seen several technical analysts saying they think we will come back down. Some are saying down bigly. 25.2k, ~20k, 12-14k seem to be the support/resistant points, should we drop again. It makes sense (to me) if the fed prints money and strengthens the dollar again. Would be bad for everything, but it could happen to stop banks from collapsing. Several are saying that this is likely just a rally. The predicted actual bull run is still another year to year and a half away. (BTC halving cycle being the catalyst). As for me, I'm still DCA'ing (smaller amounts during this pump) into my watchlisted projects for the long haul.
Click to expand...

I'm pretty sure this run-up is because of the bank run, because banks failing just once again shows that without intervention the entire banking system is designed to fail, and makes every person into a creditor issuing an unsecured loan to a leveraged counterparty that may fail. Only governments stepping in and insuring those deposits stops the whole system from collapsing, but that is a bandaid on top of a bandaid and as we've seen time and time again, has limitations.

From a consumer perspective banks exist mainly because it's not feasible or secure to store $180,000 under your mattress. But with the blockchain and self-custody, it is.

So which is better, giving away all your money to someone else to hold who can then gamble it to make money themselves and make rules around how and when you are allowed to access YOUR OWN money. Or holding on to your money yourself, never having to worry about someone else losing your money for you, and having complete and instant access to it in any manner you choose at any time you choose?

Every time a bank fails, it's another strike against the former, which makes the use case for the latter stronger.
Click to expand...
Yes, but keep that **** secure! in your own wallet. Im so afraid of a keylogger. I use 1 computer and no phone for crypto. and no risky sites, porn, streaming sports, etc on that computer.
 
Oh, I guess this is why

PulseChain.com

Energy Efficient, Cheaper, Faster, Fee-Burning Ethereum fork
pulsechain.com pulsechain.com
Test net V3 is live. Next step, we go live.

I have a ton of $$$ in pulsechain, wish me luck! been waiting 2 years lol
 
Seeing some analysts saying if we break 30K we are going up to 40K pretty quickly. Going to go ahead and deploy some funds on some of the Arbitrum projects and some ARB. The money will flow to the alt coins after BTC and ETH pump. I'm still skeptical that we go much beyond that (if we even make it there) just from the overall macro economy conditions. Recession is pretty much a lock at this point, IMO.
 
Nathan R. Jessep said:
Seeing some analysts saying if we break 30K we are going up to 40K pretty quickly. Going to go ahead and deploy some funds on some of the Arbitrum projects and some ARB. The money will flow to the alt coins after BTC and ETH pump. I'm still skeptical that we go much beyond that (if we even make it there) just from the overall macro economy conditions. Recession is pretty much a lock at this point, IMO.
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gonna dabble in GMX?
 
KGB said:
Nathan R. Jessep said:
Seeing some analysts saying if we break 30K we are going up to 40K pretty quickly. Going to go ahead and deploy some funds on some of the Arbitrum projects and some ARB. The money will flow to the alt coins after BTC and ETH pump. I'm still skeptical that we go much beyond that (if we even make it there) just from the overall macro economy conditions. Recession is pretty much a lock at this point, IMO.
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gonna dabble in GMX?
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IDK. I have a few others in my sights first:

RJV, FCTR, PRY, OATH, GRAIL***, PENDLE***, VELA***, BETS, ATOM

to name a few... *** being the first movers

#notfinancialadvice :lol:
 
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Reactions: KGB
KGB said:
Purchased small starter
5836 eXRD @ $0.043693

lottery ticket. well see in a few years
Click to expand...
nomics.com

e-Radix Price, EXRD Live Chart, All-Time High & Market Cap (USD) | Nomics

e-Radix / EXRD price. Real-time & historical EXRD data, exchange rates, charts, ATH, & market data priced in USD, JPY, KRW, EUR, etc. Contract: 0x6468e79a80c0eab0f9a2b574c8d5bc374af59414
nomics.com nomics.com

up
$0.117683
183.60%

but volume is ****.

I only threw in a few hundred, might be worth a gamble when it drops down to .04 or .05
 
:moneybag: OK, so im up about 9%on my GMX /arbirum stuff.

Im out.

moving it into ETH for now. for me that means dry powder.

I expect pulsechain to launch, there may be a hex boom, but not banking on it... but I think the hex money goes into the pulsechain eco system. selling my liquid HEX and waiting to see what happens.


This is a short post but may be very important:moneybag:
 
KGB said:
:moneybag: OK, so im up about 9%on my GMX /arbirum stuff.

Im out.

moving it into ETH for now. for me that means dry powder.

I expect pulsechain to launch, there may be a hex boom, but not banking on it... but I think the hex money goes into the pulsechain eco system. selling my liquid HEX and waiting to see what happens.


This is a short post but may be very important:moneybag:
Click to expand...
Moved $8K of HEX @ $.079 into ETH
 
KGB said:
KGB said:
:moneybag: OK, so im up about 9%on my GMX /arbirum stuff.

Im out.

moving it into ETH for now. for me that means dry powder.

I expect pulsechain to launch, there may be a hex boom, but not banking on it... but I think the hex money goes into the pulsechain eco system. selling my liquid HEX and waiting to see what happens.


This is a short post but may be very important:moneybag:
Click to expand...
Moved $8K of HEX @ $.079 into ETH
Click to expand...
purchased $15K HEX @ .069
 
Pulsechain V4 is supposedly out as of a few min ago.

starting to see some HEX action. its early, well see.

more excited for pulse main net, hopefully soon!
 
Alex P Keaton said:
Captain Cranks said:
Alex P Keaton said:
Is Bitcoin still around? By now I thought people would see it is a giant scam.
Click to expand...
Can you explain how the scam works? That'll help me get to this realization you speak of.
Click to expand...
It works like any Ponzi scheme
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It's not a ponzi scheme. Its value is in the size of the network. As the network grows, the value will go up. If it shrinks, the value will go down. At the end of the day, whatever amount of bitcoin you bought will be what you have in the future. Contrast that with the traditional banking system which constantly needs backstopped by the government. Got a million dollars in the bank? You may or may not get that back.
 
Captain Cranks said:
Alex P Keaton said:
Captain Cranks said:
Alex P Keaton said:
Is Bitcoin still around? By now I thought people would see it is a giant scam.
Click to expand...
Can you explain how the scam works? That'll help me get to this realization you speak of.
Click to expand...
It works like any Ponzi scheme
Click to expand...
It's not a ponzi scheme. Its value is in the size of the network. As the network grows, the value will go up. If it shrinks, the value will go down. At the end of the day, whatever amount of bitcoin you bought will be what you have in the future. Contrast that with the traditional banking system which constantly needs backstopped by the government. Got a million dollars in the bank? You may or may not get that back.
Click to expand...
Ponzi schemes also go up in value as the size of network grows.

The product here is fake. It’s a made up product. It isn’t real.
 
Alex P Keaton said:
Captain Cranks said:
Alex P Keaton said:
Captain Cranks said:
Alex P Keaton said:
The product here is fake. It’s a made up product. It isn’t real.
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What is the product?
Click to expand...
Nothing
Click to expand...
This is why I can't take your opinion on the matter seriously. You don't even know its purpose.
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Sure I do. I’ve invested in multiple crypto firms (on behalf of my company). You don’t know anything about me.
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Can you go back to the future to tell us what happens with crypto? That would be pretty helpful.
 
Alex P Keaton said:
Sure I do. I’ve invested in multiple crypto firms (on behalf of my company). You don’t know anything about me.
Click to expand...
What does that have anything to do with the question,' what is the purpose of Bitcoin?'

This has the substantive feel of labeling something "fake news". Just because you call something a scam or ponzi scheme doesn't make it so.
 
Captain Cranks said:
Alex P Keaton said:
Sure I do. I’ve invested in multiple crypto firms (on behalf of my company). You don’t know anything about me.
Click to expand...
What does that have anything to do with the question,' what is the purpose of Bitcoin?'

This has the substantive feel of labeling something "fake news". Just because you call something a scam or ponzi scheme doesn't make it so.
Click to expand...
I addressed your bs comment that I don’t know anything about the purpose of crypto. You are going with character attacks, which candidly just isn’t cool.

And I agree — me calling it a Ponzi scheme doesn’t make it true. Similarly, just because you can’t see that it is fake doesn’t make it real.

Btw — really cool calling people ignorant. I’ve already explained to you that I’ve invested in this space. I’ve vetted 20+ crypto related firms in the past 36 months as part of my job. Just because we have different views on the space doesn’t make me ignorant, nor does it make you right.
 
Alex P Keaton said:
I addressed your bs comment that I don’t know anything about the purpose of crypto. You are going with character attacks, which candidly just isn’t cool.

And I agree — me calling it a Ponzi scheme doesn’t make it true. Similarly, just because you can’t see that it is fake doesn’t make it real.

Btw — really cool calling people ignorant. I’ve already explained to you that I’ve invested in this space. I’ve vetted 20+ crypto related firms in the past 36 months as part of my job. Just because we have different views on the space doesn’t make me ignorant, nor does it make you right.
Click to expand...
You're inability to answer a simple question and instead parroting buzzwords is what suggests to me you're ignorant on the subject. The fact that you're talking "crypto" and not specifically Bitcoin further suggests to me you erroneously conflate the two. Investing in "crypto related firms" is meaningless to the conversation. Now you're attempting to deflect by resorting to drama. Character attacks? lol.

ETA - You don't have to agree with me, but at least be capable of defending your argument. Geesh.
 
Captain Cranks said:
Alex P Keaton said:
I addressed your bs comment that I don’t know anything about the purpose of crypto. You are going with character attacks, which candidly just isn’t cool.

And I agree — me calling it a Ponzi scheme doesn’t make it true. Similarly, just because you can’t see that it is fake doesn’t make it real.

Btw — really cool calling people ignorant. I’ve already explained to you that I’ve invested in this space. I’ve vetted 20+ crypto related firms in the past 36 months as part of my job. Just because we have different views on the space doesn’t make me ignorant, nor does it make you right.
Click to expand...
You're inability to answer a simple question and instead parroting buzzwords is what suggests to me you're ignorant on the subject. The fact that you're talking "crypto" and not specifically Bitcoin further suggests to me you erroneously conflate the two. Investing in "crypto related firms" is meaningless to the conversation. Now you're attempting to deflect by resorting to drama. Character attacks? lol.

ETA - You don't have to agree with me, but at least be capable of defending your argument. Geesh.
Click to expand...
I don’t conflate Bitcoin and crypto.

I’ve shared my experience with sincerity, since you asserted that I know zero about the space. But I get now, reading backwards, that you are specifically referring to Bitcoin.

And now you’re insulting me again. Super cool style of engaging.

I have yet to see a single, meaningful use case where any cryptocurrency — including Bitcoin — is necessary. I’ve asked this question in dozens of pitch meetings and have yet to get a compelling answer. That is why I don’t think “the product” is real. It would be more accurate for me to say “I don’t think the use cases are compelling or scalable.”

But I recognize that many people have a different view. I keep searching for a clear explanation that resonates…..but…..
 
I'll admit, I've kind of been in the same camp as some skeptics in that BTC and crypto have been around for some time now, and the use cases still seem lacking. Do any of you follow Ric Edelman? I'll admit I'd never heard of him until he was on a finance podcast I listen to last week, have been listening to some of his podcasts the past few days. He had a webinar today: How Crypto Is Really Going to Change The World: 12 Real World Use Cases (missed it, but am waiting for the recording). He teased it a little in a podcast this week, I'm looking forward to listening to the full thing.

Then again, he could be completely nuts, I have no idea!
 
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