tg4ever   Posted at 2021-12-22 06:48:33(152Wks ago) Report Permalink URL | ||
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| So basically the problem currently is the US and the EU are printing money like crazy. This means inflation and stocks and real estate always going up. And it also means the poor always get poorer because they cant buy prime real estate or stocks which always appreciate in value in inflation. Now we have Bitcoin and it cant be printed forever and forever by politicians like USD and EUR can. Do you think 1 Bitcoin can reach $1 Million? | |
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Superbikemike Posted at 2021-12-22 12:52:41(152Wks ago) Report Permalink URL | ||
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| Bitcoin is a running joke amongst the ones who know ... most car dealers wont take it anymore elon gave up on it also as did bazos, ever wonder why cause they figured it out ... bitcoin has a limited amount in the kitty it is what it is there is no more that can be made theres no more that can be added,, the total amount in it,, is finite .. since most think its rocket science ill try and explain.. If you were said to own say 70% of yahoo, what happens then is you now control what the price of the stock is also how much you sell it for and how much youll buy it for manipulating the price to fit your needs. well the same goes for bitcoin he who owns the most controls the price and there are 3 that basically control it at this time . if you dont know what a pyramid / poncy scheme is i suggest you look it up and read carefully because this is exactly what it is ..... once someone has the vast majority of coins in one hand it becomes worthless to anyone but those gullible enough to buy.... theres a good reason banks dont back it, the fdic dont back it, and insurance wont back it, and no it has no place in the stock exchange.. they did a segment on mining bitcoin farms as they were becoming a issue on ele grids.. there findings most small farms will spend over 15,000 a month on a ele bill just to gain 15,100 in bitcoin making a profit of 100 dollars a month.. while it may not seem like much to them it is cause it costs them nothing to let it sit and run 24/7 while making a few hundred a month letting it run .. for a big corporations this works,, for the small investor youll loose more in ele then you will make remember these farms are huge yet they make so little ... i do get 100 bitcoin is a lot for most when you spend 20 or 30 million to set these farms up a few years to get your money back becomes a non issue .. p.s. so yall know the estimates say in 2-3 years china will control bitcoin once this happens the speculators say at the time they do take control it will be completely devalued leaving those with it in a bind ......  Last edited by Superbikemike on 2021-12-22 13:10:02 | |
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Csabaxb Posted at 2021-12-22 13:50:04(152Wks ago) Report Permalink URL | ||
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| NEVER! It's true, big countries print money with tones but it will explode at a time then, all digital money will be shit, not enough even 4 a slice of bread just my two cents | |
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| tg4everPosted at 2021-12-23 05:25:52(152Wks ago) Report Permalink URL | ||
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| Car dealers dont take gold, diamonds or stocks (anymore?), but that does not say anything about the value of those. Have you applied your anti-bitcoin knowledge also to the dollar? Who backs the dollar? Its just a worthless piece of paper, Bitcoin is cryptography nobody can burn or crack or ever break or confiscate. The dollar is not backed by gold anymore since a long time, the gov can print as much of it as they like and they do. Its just free paper for them. So the poor get always poorer as the inflation goes into the pockets of stock holders (rise of stocks last years is basically the rate of the REAL inflation). Do you really think bitcoin is worse than banks and the dollar? What they are currently doing is just printing more money and so prices of real estate and stocks go up always. Basically they can do this forever. Its not a problem for them. And like always the rich get always richer. But the poor soon cant pay for food anymore. Last edited by tg4ever on 2021-12-23 05:33:16 | |
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| SuperbikemikePosted at 2021-12-23 11:34:14(152Wks ago) Report Permalink URL | ||
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| U.S. officials said Monday they have seized $2.3 million in bitcoin paid to hacker group DarkSide. The US has confiscated $1.2 billion worth of digital assets so far this year, which is 1,700x more than the crypto seizure in 2019. not so fast dont ever think it cant be touched .....  " And like always the rich get always richer. But the poor soon cant pay for food anymore." and thats what there doing the rich will adjust it till they get what they want from it and the small guys end up being screwed .. im not saying dont play im saying if you do go into it look at it as a total loss you gave your money away ... anything after that is good as long as you have that attitude any looses wont hurt ...  on another note do you remember not long ago there was a majority of bitcoin lost because he lost the drive and the info on it, yeah the u.s. gov cracked it and got it thats why its not news anymore .. Last edited by Superbikemike on 2021-12-23 11:41:08 | |
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| tg4everPosted at 2022-01-17 12:19:07(148Wks ago) Report Permalink URL | ||
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| Not sure if I can link it but there just was an article on Politico: So you can see Bitcoin pretty much has reached the mainstream already or is about to break it. So in a way its like the early internet, when most people still did not have smartphones or Facebook and did not want it. But I can see how its hard and risky to buy 1 Bitcoin (or even just 0,1 Bitcoin) now for most people. | |
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| tg4everPosted at 2022-05-05 19:23:34(133Wks ago) Report Permalink URL | ||
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| Theres also some small projects where if they become a success, you probably could make x100 or even x1000 STILL. So if you put $100 in that could be $10k or even $100k. Thats actually the ONE SINGLE STRATEGY that worked throughout Bitcoin history. Buying new projects cheap & early before the masses go in. Most people even in crypto dont get it tho. They rather buy Ethereum now its expensive at $3000 instead of buying it when it was §10, however the winning strategy here is FIND PROJECTS THAT ARE STILL CHEAP, instead of being last to buy. Especially considering Ethereum already crashed from $1400 to $70 in 2018. (So buying it now at $3000 seems pretty dumb, right? It wont go to $60k, its more likely it falls to maybe $300 again). If someone has small moneys I would suggest looking into these small projects with good teams before anyone on YT or Reddit shills them. That of course takes time and patience to find the good ones, because 99,9% of projects are scams/overpriced. Theres a relatively small project still that I like since over a year or so, I bought my first at 3 cents however now its 35 cents and it even was $1.50 for a while, its just 4-5 people working on it tho, and you can follow on Github that they do work on it quite a lot, and one marketing guy who does Twitter and all that. and they seem driven. They are not as huge Visionairies(sp?) as Elon Musk or Steve Jobs, so they might fail., but IF some day they find ways to excite a lot of people about their project it could go from $35m market cap as its now to $300m or even $3bn or even $30bn as many other projects are valued now (so that would be x1000) Its Koinos. But dont see this as shilling. I dont suggest anyone should buy it, and I recently sold some because I had too much in it. But i still think its a really good project, and they had another successful project before which was bought by Justin of Tron who is a really famous figure in crypto (Steemit/Steem). So at least you know they are not scammers. And they have been working together for 6 years or so on the other project. But if someone wanted to put $100 in crypto i would suggest this project, unless someone else has better suggestions?  | |
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| tg4everPosted at 2022-05-09 20:04:45(132Wks ago) Report Permalink URL | ||
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| Looks like it will be a far way to $1m with Bitcoin just crashing now, and pulling whole crypto market with it. Maybe good time to sell some Altcoins and look for potential later Just so much uncertainty in all the markets now. Where you guys think our economies and tech will go? | |
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| B4ND1T69Posted at 2022-05-13 10:14:14(132Wks ago) Report Permalink URL | ||
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| 7 continuous weeks of losses makes bitcoin the biggest loser of all  ....all it takes is a few to get nervous and then peeps start wondering "where is my money...?"Cash is going into stable tangable products currently....gold, bricks and mortar etc...stuff you can see, feel, touch, sell  | |
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| tg4everPosted at 2022-05-13 16:31:45(132Wks ago) Report Permalink URL | ||
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| I get Gold but it probably wont make you financial independant unless you are already, and 99% was confiscated by governments like in wars or economic crashes. Bitcoin likely wont make you rich either, I mean you would probably need about 1 Bitcoin and thats $30k even now which is a lot of money for most but at least it cannot be confiscated or tempered with (if you protect your private key). But if you think which one will go x10 or even x50 in 10 years? Gold or Bitcoin? I mean Bitcoin still could find a lot more adoption and a lot more fans in the next 10 years. Gold maybe too, but probably not as many unless maybe all USD and EUR become worthless? Also at least 2,3,4,5,6,7,8,9,10 years ago of course you would have been much better if you bought Bitcoin, especially if you sold it/some at $70k before it crashed to $30k. (And yes you can also buy 0,1 or 0,01 bitcoin). I was too late for Bitcoin or ETH, they could be bought for the longest time for $1000 and ETH in 2017 even for $10 and they are still up 30x and 20x now with the crash. It still works quite recently, like in 2020 you could buy AVAX for $3 .. It then went up to $120 and was $90 for a long time. Now crashed to $30 but if you were early enough its still x10 and you probably would have sold some at $120 or $90 right? So thats an opportunity and I see no better opportunities for the small guy. Buy some GOOD projects early before the masses, wall street, venture capital goes in. Before they are shilled on Twitter and Youtube by "influencers". | |
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| B4ND1T69Posted at 2022-05-13 17:31:34(132Wks ago) Report Permalink URL | ||
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| They are all ponzy scheme's mostly....only the original investors get paid...everybody else just keeps investing, which tops up the pot and makes it look worth something, and then the earlies get the dividends whilst everyone else waits for others to invest before they get theirs...never ending drip drip until it's all gone....NFT's anyone...? Think....what can you buy with a bar of gold...? What can you buy with a bit coin...? Gold/cash/bricks and mortar are still the safest commodities out there....they may only go up/down a little but they never disappear or become worthless as they always have value....BitCoin only became a thing when someone invented it....so it can easily disappear again. In the event of a power-cut or some other electrical issue....i can still sell my house, my gold and spend my cash to buy things....but your bitcoin actually disappears | |
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| rakib403Posted at 2022-05-13 17:37:21(132Wks ago) Report Permalink URL | ||
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| Terra  Terra can up in future!! | |
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| CsabaxbPosted at 2022-05-13 17:44:30(132Wks ago) Report Permalink URL | ||
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| no way, all digital money soon will be dead!! | |
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| tg4everPosted at 2022-05-14 05:20:54(132Wks ago) Report Permalink URL | ||
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| Our whole financial system is a ponzi. Where Wall Street and even your local bank makes unlimited money forever for doing nothing at all. Like they charge you $300 a year for being a customer when its just a database entry really. They gamble in the markets as much as they like and if they fail the government bails them out. Gold went down a lot in the last 10 years. even now over 10 years Gold is only up from $1700 to $1900 which is lower than inflation. But if you needed cash 5 years ago you only got $1500 for it how is that a good investment? Sometimes even only $1100. When Dollar and Euro crashes then gold will be worth much more but how do you hide it or sell it when the state comes to confiscate it to build a new currency? How do you travel with it when every scanner will pick it up? There is some good discussions on Youtube between famous Gold Fans and Bitcoin Fans. And even if you look at them objectively (which I always try very hard to do) you will probably come to the conclusion that the benefits of Bitcoin are far bigger, and its still much cheaper (like 5% of the market cap of gold). If power goes out, how will you know the gold price? If power comes back Bitcoin will just resume nothing is lost. I am not sure how much you looked into the bitcoin technology or if you ever tried it (or with similar much cheaper coins) but you can create an bitcoin address fully offline, that is the magic of cryptography. Its like a swiss numbered bank account but without the swiss bank, and with a value that is based on millions of hardcore fans, more than gold has. Do you think Bitcoin will have more or less users over the next 10 years? I mean its probably going to be more, right. You can look at Bitcoin like the Internet. Nobody knew the internet would blow up. Nobody knew smartphones would come, search engines, social sites, torrent sites, youtube, streaming... All such stuff will develop for Bitcoin over time also. What will develop for gold? What technologies will gold disrupt so it can go x10? How is gold going to have 10x, 100x more users/buyers who drive the price up? How much gold is still in the earth and in space that new technologies will harvest easier than today in 5, 10, 20 years? And the most exciting thing of it all... Everything in crypto is related to Bitcoin, so small early cheap projects work as a Hedge towards Bitcoin. So YOUR research. YOU estimating the future of money and technology... Can make you rich even with just a $500 investment. Hows that going to work with gold or with your bank? | |
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| tosgravelyPosted at 2022-05-14 05:58:57(132Wks ago) Report Permalink URL | ||
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| Yes. Eventually. | |
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| tg4everPosted at 2022-05-26 03:44:18(130Wks ago) Report Permalink URL | ||
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| Scammers using a Elon Musk deep fake video to promote some scam of a website giving you 5% a day (which obviously is always fake) twitter.com/elonmusk/status/1529484675269414912?cxt=HHwWgMCy7ayN6bkqAAAA We will probably see a lot of these types of things especially as deep fakes get more professional. Basically any porn star could be "talking" to you and promise you something for $$$ and you may think she is really into you lol, Movie actors, youtube celebs all have countless videos of them that can be used for this stuff. | |
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| realityshowPosted at 2022-05-30 09:30:09(129Wks ago) Report Permalink URL | ||
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| I see lots of crypto currency miners are sellling off their graphics cards on ebay. What does it all mean? | |
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| ExGamerPosted at 2022-05-30 09:59:57(129Wks ago) Report Permalink URL | ||
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| Might have squeezed it's last drop of juice! :P | |
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| realityshowPosted at 2022-05-30 18:13:44(129Wks ago) Report Permalink URL | ||
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| This guy on ebay is selling 33 various graphics cards and seems to be shutting down his crypto farm  | |
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| B4ND1T69Posted at 2022-05-30 18:38:12(129Wks ago) Report Permalink URL | ||
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| It's prolly because there is not much bitcoin left ...and when it gets halved again it'll be twice as expensive to mine.https://www.coinbase.com/learn/crypto-basics/what-is-a-bitcoin-halving Artificially boosting the price every 4 years by cutting the rate by 50%.(depending on consistant levels of demand) Left on it's own the price would be more stable...up and down like regular markets....but the halfing makes it more rarer due to the cap on totals.....a backdoor Bitcoin Inflation rise Last edited by B4ND1T69 on 2022-05-30 18:39:49 | |
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| realityshowPosted at 2022-06-02 02:13:37(129Wks ago) Report Permalink URL | ||
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| I found this picture above on ebay as the guy had 33 graphics cards for sale including 2x RTX 3090`s for almost half the price of what they retail for. Maybe it not a good idea to buy used crypto card? As it has proably been on and intensley used 24/7 since purchased. Is it still a good buy? More chance of failing.. i some what tempted to buy a RTX 3090 but dont actually know the lifespan of such a graphics card. Anyways back to why masses of Crypto Miners are selling their graphics cards could be explained in this article i found. at techradar website in an article entitled: Cryptominers dont care about GPU anymore says the following: "Mining Ethereum using commercial cards is no longer as viable as it was now that the cryptocurrency has started to move to proof-of-stake, from the previous proof-of-work method previously used by Bitcoin. In simple terms, proof-of-work is a validation method where computers compete against each other to be the first to solve complex puzzles, which left it open to miners using warehouses full of consumer graphics cards to solve those puzzles. The winner gets to update the blockchain with the latest verified transactions and is rewarded with some crypto as payment. Proof-of-stake instead uses validators to find a block based on the number of tokens they hold, which removes the need for those 'puzzles' to be solved, so while it was previously profitable to mine Ethereum it will soon be inefficient to do so." | |
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| tg4everPosted at 2022-06-20 15:43:59(126Wks ago) Report Permalink URL | ||
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| I hear GPU cards now sell under retail from the recent gigantic crypto crash. Bitcoin down from $68k to $20k. I still would suggest buying some if you dont have any. Even if its just 0,1 or 0,01 or 0,001 just try it out, play around with it. And I say that despite me just selling a large chunk which was heartbreaking because I have been living from Bitcoin profits for 5 years but got worried I run out of cash (and yes I still hold some Bitcoin) so thats why I sold some to still have cash too in fair amounts for at least a year or three despite this now being a horrible time to sell. But could crash further to maybe $12k right, and I rather went more into Altcoins now since if Bitcoin rises again they will go up way more with a huge multiplicator like x10, x20, x50 or more as in the past happened all of the time if you find the few good quality projects. Anyone hating on Bitcoin still, got any opinions why the USD, the EUR or the british pound is better? | |
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| B4ND1T69Posted at 2022-06-20 16:04:50(126Wks ago) Report Permalink URL | ||
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| I was watching bitcoin all day y/day  ...what a nightmare for investors ...plunging down to just a tiny bit above it's lowest ever before rallying slightly to 20,000...mostly due to investors in bitcoin pulling out causing a sell-off due to inflation fears and devaluation.Coinbase, blockfi, crypto.com are all laying off workers and Celcius is halting withdrawals until the markets calm down The whales who backed this originally have been dumping for weeks | |
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| CsabaxbPosted at 2022-06-20 16:36:34(126Wks ago) Report Permalink URL | ||
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| now it's 18000 from 69000 | |
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| tg4everPosted at 2022-06-27 07:03:17(125Wks ago) Report Permalink URL | ||
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| I have been shorting Bitcoin thinking it would drop more but so far I have been getting WRECKED. I used x200 leverage mostly so getting wrecked is calculated in but it still sucks. The advantage of using x200 leverage is you need to risk much less money for the same result but it still ads up of course. Like with x10 leverage you need to risk 20x the money to get a reasonable profit if your bet works out, I am not willing to bet that. Had to sell some Bitcoin tho to be prepared if we have a long bear. got barely anything left in Bitcoin. However I could rebuy if it drops more maybe $12k or then even $8k or $5k? For a bull run anytime soon I am prepared with very cheap quality projects (hopefully) which would grow much more than BTC or ETH if it all goes up again. I could share some if theres any interest. I am sure there is projects now that will be x200 in next bull. Just need to find them so I always like to exchange and talk about good projects because theres too many to check them all alone. Like you need to check they have fullstack devs, good work ethics, good team that work together well, smart ceo with a vision. Like if you find the NEXT Chainlink, or the NEXT MANA, or the NEXT Pancakeswap and they have a guy like Elon Musk or Steve Jobs on top, you will basically be set for life even with a relatively small investment  | |
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