Bitcoins to the moon - Page 4

adding that to the list

The Intelligent Investor by LostAccount:
-bet sports to supplement your income
-buy BTC every month for the next 20 years and worry about it when you retire
-shill the local tops
-sell the dips
-spend your profits on cars, great store of value
-dont pay your taxes, ever

.

On January 12 2021 22:46 Spitfiree wrote: The second someone has as much power in crypto as billionaires do in our system, the crypto world will collapse ... That's the whole point of crypto it disincentivizes having a 1% generically

No, the point of crypto isn't some socialist dream for equality about the 1% or billionares, its descentralization.

Billionares have access to power because they can use the state, billionares cannot control bitcoin unless they were to control most of the mining pool and if they do bitcoin would lose its value so basically they'd spend all their networth to hold something that would collapse in value as consequence of their actions.

On January 12 2021 23:34 Daut wrote: Show nested quote + On January 12 2021 21:18 lostaccount wrote:   On January 12 2021 19:06 Daut wrote: I can never tell if lostaccount's posts are serious. They're consistently the worst advice I can ever imagine someone giving -- I've started sportsbetting for supplemental income, im going to buy BTC every month for 20 years for my retirement, BTC is near 40k you guys should buy some, I just sold it all at 34k and bought a car and the litecoin of metal. Please tell me this has all been an elaborate troll. Buy at 23 sell 34 make 11 then the bets I post usually win I do also give good advice to play devils advocate The oxymoron lol Or can the devil be good again? As a Jesus lover I believe the devil will be back to light in the future Yea I mean congrats, you bought at 23k, sold at 34k and created a taxable event on it without short term cap gains so you have to pay 2x+ the tax rate when you could have just sat on it since $800 like most poker players and been 40x and get the 15-20% cap gains rate when we do cash it out. I have no idea what BTC will do in the next week. I have bids out from 27500 to 31500 if it dips. But I'd be absolutely shocked if we don't hit a new ATH before June, so unless you're a godlike swing trader, ignore the 10-20% swings that will be happening and wait for the $45-50k range, and hopefully be able to hold on to your coins for longer than a year so you can pay less taxes on the gains. Remember, unless you're a really good trader (and I sure as fuck am not), the goal is to passively invest and get compound gains and pay less in taxes. We all get FOMO and can't resist buying shitcoins from time to time, but unless you're a proven winner don't make it the majority of your crypto holdings or actions. Just buy dips, take profits on overextensions, don't be too greedy, and don't be scared to buy if things have dropped.

I longed BTC 3.3k in march
Shorted 42k

I am a god trader

Rest in peace BTC see ya back in wuhan

Wuhan?

The fact this btc thread is growing instead of the OG thread is pissing me off lol

On January 13 2021 00:52 Baalim wrote: Show nested quote + On January 12 2021 22:46 Spitfiree wrote: The second someone has as much power in crypto as billionaires do in our system, the crypto world will collapse ... That's the whole point of crypto it disincentivizes having a 1% generically No, the point of crypto isn't some socialist dream for equality about the 1% or billionares, its descentralization. Billionares have access to power because they can use the state, billionares cannot control bitcoin unless they were to control most of the mining pool and if they do bitcoin would lose its value so basically they'd spend all their networth to hold something that would collapse in value as consequence of their actions.

How is that not proving my point

billionares do not control fiat currencies, governments do.

central banks are often autonomous to different degrees as a protective measure from irresponsible spending from the government, but "The Fed" isn't private by any definition.

Or are you talking about lending leverage?

On January 14 2021 00:22 Baalim wrote: billionares do not control fiat currencies, governments do.

Well its not governments, but that's beside the point, but I understand what you mean


I'd say discussing this on a 'crypto' level is too vague as it depends on the currency that would dominate

With BTC you neither want to own the hash rate, nor do you want to own a large part of the quantity. Sure, scarcity is one of the reasons BTC's price rises, but that's up to a point. Both would be quite counter-productive, thus killing the incentive to have a 1% that 'owns' the system

https://www.google.com/search?q=wrapp...j1j7&sourceid=chrome&ie=UTF-8

The collapse of the ponzi continues