$ (BTC) The Bitcoin Thread - NO SHITCOINERS ALLOWED

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  • Michael Saylor said his company had anticipated eventual bitcoin volatility and is prepared to “HODL through adversity.”
  • MicroStrategy took out a $205 million bitcoin-backed loan from Silvergate Bank in March 2022 and risks getting margin called if bitcoin falls below $21,000.
  • Saylor had previously tweeted that the company has 115,109 BTC as well as other assets available to post as collateral to avoid liquidation.

 
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Akashic Retard said:
  • Michael Saylor said his company had anticipated eventual bitcoin volatility and is prepared to “HODL through adversity.”
  • MicroStrategy took out a $205 million bitcoin-backed loan from Silvergate Bank in March 2022 and risks getting margin called if bitcoin falls below $21,000.
  • Saylor had previously tweeted that the company has 115,109 BTC as well as other assets available to post as collateral to avoid liquidation.

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As Edward the Longshanks eloquently stated in Braveheart, "Find the good in any situation."
This is perfect where if crypto moonshots, I'll be happy given my holdings.
If it tanks to oblivion, I'll be happy knowing Michael Saylor will have a tidal wave of shit coming after him.
But he still won't go to prison, similar to his dot com era fraud.
 
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PointOfNoReturnPoint said:
How many people here are seeing their leftist lolcows saying BITCOIN IS FINALLY DEAD, only to see that it dropped like this several times before.
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That's the cycle of crypto. Leftists seethe at cryptobros who bought the dip and then cashed their chips in for Lambos when crypto's doing good, then 9-12 months later when crypto is in the pits they laugh and dab on cryptobros who don't hold and use the time-tested financial ruination strategy of BUY HIGH SELL LOW!
 
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The concentration of coins to the wealthy is greater than the wealth accumulation of the USA - I.e. this isn't the currency of the common people at all. Its the currency of the wealthy.

But they get their liquidity from the common people because they aren't really after the value of the coins, they are after only 10% of that, and they are getting it. A Whale doesn't give a shit if his coins are valued at $100,000, they are after only $10,000, so the common people will provide that 10% liquidity needed.

And like dogs, they've all been trained into the halving cycle which wasn't at all created by you - but by the major holders - so that they know and can predict when you are going to pony up the next dose of liquidity they need to slowly sell off their coins - or loan them out. I hear it from every BTC investor like they are parrots - they all repeat it on cue.

Shit half the whales don't even legally own their coins anymore - they loaded them off years ago and got paid out or having floating lines of credit with the coins. Those exchanges got the money to loan them out from holding coins from common people or selling hem to get the liquidity.

Roinhood owns 50% of dogecoin and we can laugh, but that coin is popular, and has a cap of 7 billion. And it is as useable as any other coin.

Elon Musk got pissed at a hedge fund and asked Dogecoin holders to bankrupt them by pumping it up to what was it, 70 billion? He literally got common people to lose 40 Billion dollars so he could get even with a hedge fund.

And they applaud him for it.

BTC might hit 150,000 but why it hits that will have nothing to do with demand and all about ensuring that 97% of the coins are never traded, and the millions of little guys worldwide are fighting over the remaining 3% of them.

The con is simple: get 200 million people to pony up about $1,000 each and they withdraw 200 billion dollars. It's beautiful to watch.
 
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Orange Rhymer said:
I thought graphics card mining was well-over.
Even ASICs are dead.
Aren't we in 'supercomputer' hash-land?
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The miners are making the 'supercomputers' by creating what are essentially server racks full of high end graphics cards. At least, that us what I think it is last time I saw a bitcoin miner's setup
 
Isn't mining becoming completely unprofitable now?

The margins were already thin and now these miners are sitting on a lot of electronics that they probably bought on credit and basically can't resell since the demand will most likely drop through the bottom.
 
The-Patriarchy said:
Losers SELL when the price drops.

Winners BUY when the price drops.

Don't be a loser.
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The-Patriarchy said:
Losers SELL when the price drops.

Winners BUY when the price drops.

Don't be a loser.
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Counter.

The Rich play to win.
The poor play NOT to lose.

I know what taking risks are. I have done it many times. Sometimes I win, sometimes I lose, but they were all researched out and I NEVER... EVER put all of my eggs into one basket.

Millions are playing short term financial revenue sources.

I play the long term as stated before and in over the past 10 years, my investments increased by 770%+.

And knock on wood I won't be in the negatives in my NET profits.

Because I do my research and plan ahead.

This is not the game (crypto) I want to play when I know that the playing ground is dead set against you.

If you are a whale or got in early or when in the case buying the dip and selling at a profit more power to you.

But I've been retired for 16 years in my youth. That is the financial knowledge concerning the power of wealth. It is not about making millions. It is all about being free from being a wage slave for the rest of your life.

That is what everyone should be shooting for. But it is YOU to decide what level of financial wealth you want to live at the end of your days.

I chose... to work hard when you are young and work easy when you are old and never care about my bills for the rest of my life.
 
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