BITCOIN

[jvandy50]

According to cryto conman Mike Saylor, what the crypto markets needs is more regulation

Bitcoin whale Michael Saylor urges governments to step in and regulate crypto's 'parade of horribles'

The Microstrategy CEO, who turned his software company into a bet on Bitcoin, believes competing digital tokens and many crypto stakeholders like exchanges scare off professional investors due to "all the slime that gets onto the asset class" from their unregulated behavior.

fortune.com

I take it you got out of that MSTR position? (If that was you I'm remembering)

Also you all can Short bitcoin through the markets now... $BITI
Just launched today!!!... free money if bitcoin heads to zero.

Man what timing with this lol

 

[MG0h3]

BTC.

Less like money every day.


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[Klaus]

I take it you got out of that MSTR position? (If that was you I'm remembering)

Man what timing with this lol

I did hold MSTR. I traded it a bit and dumped it all in April.

 

[Weather Man]

LOL​

​

Coinbase is selling geo-location data to U.S. immigration enforcement agency​

Jun. 30, 2022 7:34 AM ETCoinbase Global, Inc. (COIN)By: Liz Kiesche, SA News Editor9 Comments

imaginima/E+ via Getty Images

Coinbase Global (NASDAQ:COIN), the cryptocurrency exchange, is selling to the U.S. Immigrations and Customs Enforcement a range of features that allows the agency's Homeland Security Investigations division to track and identify crypto users, The Intercept reported late Wednesday, citing contract documents obtained by watchdog group Tech Inquiry.

 

[MG0h3]

^^^^^lol if true

Crypto “don’t trust banks!”

Crypto investors “the dollar will be worthless!”

Crypto “sorry, we’re broke. Can’t give you dollars for your BTC”

Crypto investors “hey wtf!”



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[Weather Man]

^^^^^lol if true

Crypto “don’t trust banks!”

Crypto investors “the dollar will be worthless!”

Crypto “sorry, we’re broke. Can’t give you dollars for your BTC”

Crypto investors “hey wtf!”



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Canada already proved that they can take down anyone using crypto.

 

[Deceptive]

^^^^^lol if true

Crypto “don’t trust banks!”

Crypto investors “the dollar will be worthless!”

Crypto “sorry, we’re broke. Can’t give you dollars for your BTC”

Crypto investors “hey wtf!”



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The Cryptonians are punching air right now.

Don’t worry, they will lock in a new excuse, I mean defense.


If you buy an EV you won’t suffer through high gas prices. - Peter Buttplug

 

[q6543]

Still buying week in week out.
Down less than 6 figures, so I got that goin for me.

At this point I want the washout to be as long and brutal as possible for accumulation.

 

[Rb0891]

Still buying week in week out.
Down less than 6 figures, so I got that goin for me.

At this point I want the washout to be as long and brutal as possible for accumulation.

Agreed. I am down a small bit. My retirement stock portfolio on the other hand…. I could only look once…

 

[Klaus]

 

[Weather Man]

Miners are flooding the market with used mining cards.

 

[cobracide]

My break even btc price is $515 so I guess I'm still good.

 

[MG0h3]

Still buying week in week out.
Down less than 6 figures, so I got that goin for me.

At this point I want the washout to be as long and brutal as possible for accumulation.

Averaging down is a good strategy typically.

But crypto value is only based on some mixture of hope/belief and the resulting purchase of it.

Best of luck but even at 70% down I’m still not touching it.

A lot of great companies are down 30-50%.


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[MG0h3]

Lmao is that really how much it costs to “make” BTC?


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[cobracide]

Averaging down is a good strategy typically.

But crypto value is only based on some mixture of hope/belief and the resulting purchase of it.

Best of luck but even at 70% down I’m still not touching it.

A lot of great companies are down 30-50%.


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Crypto is literally the first new asset class for investing in 150 years. Tell us more about how you don't understand.

 

[Klaus]

Crypto is literally the first new asset class for investing in 150 years.

Sure thing, tourist.

LMFAO

 

[Klaus]

Lmao is that really how much it costs to “make” BTC?


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It turns out the business of paying $1.05 to print a $1 is not a good business.

 

[MG0h3]

Crypto is literally the first new asset class for investing in 150 years. Tell us more about how you don't understand.

Ok.

Explain to me the value, or how you value, BTC? Like how do you place/determine a value?

Maybe I don’t understand.

Y’all started out by saying it was going to replace the dollar, yet that’s how you value it.

If the dollar goes to zero, won’t crypto?

But forget all that. Explain to me how you determine a value for BTC.




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[Silverstrike]

Ok.

Explain to me the value, or how you value, BTC? Like how do you place/determine a value?

Maybe I don’t understand.

Y’all started out by saying it was going to replace the dollar, yet that’s how you value it.

If the dollar goes to zero, won’t crypto?

But forget all that. Explain to me how you determine a value for BTC.




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I agree with all of this and pretty much say the same thing. You show me what actually backs Crypto and I mean actually backs it, not word of mouth or trust or any of that. 99.9% of these types either give me the blank stare or go to like I said. Oh but as long as people believe and invest it'll go up.

Bunch of lemmings and again other than word of mouth it is nothing and always be nothing.

 

[MG0h3]

I agree with all of this and pretty much say the same thing. You show me what actually backs Crypto and I mean actually backs it, not word of mouth or trust or any of that. 99.9% of these types either give me the blank stare or go to like I said. Oh but as long as people believe and invest it'll go up.

Bunch of lemmings and again other than word of mouth it is nothing and always be nothing.

I guess I’m just a dummy but if nobody buys BTC, it’s worthless.

If nobody buys a company stock, the company still exists.


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