Bitcoin

DaveC · Apr 24, 2021

andromedaaudio said:
Well gomna find out out , whos the one who is silly in a couple of years
From all the " high end brands " i think boulder holds relative may be the best value due to its meticulous swiss watch construction

Investing in Boulder Amps might be a good idea. They are maybe 2 miles from my house, I've visited a couple times. One time I saw an employee hand-polishing buttons for a remote control. A few hours later as I was leaving he's still polishing buttons.

The casework is next-level industrial art, for sure.

andromedaaudio · Apr 24, 2021

Cool i think they are a great company

I have good sound already at a fraction of the cost and probably better, it was just an example .
My plan is to work a few years more and then do only some free lance projects / travelling and spend the rest of the time on loudspeaker design / business
Preferably with my own industrial place /custom listening room.

DaveC · Apr 26, 2021

A single mishap in a Chinese coal mine takes out ~35% of btc "mining" capacity. Lol...

Oh, so what do you do with btc again? Hodl and hope some fool pays more than you do eventually? ...I can't think of anything else.

Commentary: How much Bitcoin comes from dirty coal? A flooded mine in China just spotlighted the issue

The recent accident showed just how fragile, and how environmentally damaging, the Bitcoin supply chain can be.

fortune.com

Vienna · May 4, 2021

some are still insisting that whatever is perceived as valuable by the majority.........then it’s valuable

Ron Resnick · May 4, 2021

Dogecoin at $.68.

The joke is on me!

bonzo75 · May 5, 2021

DaveC said:
A single mishap in a Chinese coal mine takes out ~35% of btc "mining" capacity. Lol...

Oh, so what do you do with btc again? Hodl and hope some fool pays more than you do eventually? ...I can't think of anything else.

Commentary: How much Bitcoin comes from dirty coal? A flooded mine in China just spotlighted the issue

The recent accident showed just how fragile, and how environmentally damaging, the Bitcoin supply chain can be.

fortune.com

It's funny people even like this post, just goes to show people room will like whatever data they find suits their reference. People liked this post in retrospect, after the situation had played out, BTC had recovered in a matter of hours, and explanation had been provided on leveraged longs (shows that the people who liked it either could not understand it, and worse, were not willing to look it up further). unless the people who liked the post day trade over a span of a few hours

Since this crash whenever the leverage goes up (people keep taking on leverage to make money on the bounce back) BTC corrects. It is pretty easy to monitor.

Vienna · May 5, 2021

it seems that the joke is not a joke anymore

bonzo75 · May 5, 2021

Ron Resnick said:
Dogecoin at $.68.

The joke is on me!

How many stocks do you know that go up only on fundamentals? Proper correlation to assets, profits, etc and price?

andromedaaudio · May 5, 2021

bonzo75 said:
It's funny people even like this post, just goes to show people room will like whatever data they find suits their reference. People liked this post in retrospect, after the situation had played out, BTC had recovered in a matter of hours, and explanation had been provided on leveraged longs (shows that the people who liked it either could not understand it, and worse, were not willing to look it up further). unless the people who liked the post day trade over a span of a few hours

Since this crash whenever the leverage goes up (people keep taking on leverage to make money on the bounce back) BTC corrects. It is pretty easy to monitor.

Ked i liked this post but its not about money , i couldnt care less about gambling with a couple of digital coins
Its because of the environment , 2 years ago i did a 3 months tracking through the amazon rainforest in peru there a lot of places there no whites have even ever entered .
We re talking here about the western world having a couple of digital coins to play with that use up a lot of energy ( read destruction ).
I m not a hardcore environmental guy , but i dont see the practicality of these new coins .
As soon as we ve figured out how to operate a fusion reactor then may be yes

bonzo75 · May 5, 2021

That was not the point of the post you liked, the post was a reason for a few hours of correction in an asset that keeps going up. As for the energy issue, as mentioned there are some green coins.

WPR is an example https://wepower.com/

Keep in mind that crypto is in early adoption phase, not a finished mature stage

Jack Dorsey and Elon Musk agree on bitcoin's green credentials

But their opinions are not shared with those more cynical about the cryptocurrency's impact.

www.google.com

Folsom · May 5, 2021

bonzo75 said:
How many stocks do you know that go up only on fundamentals? Proper correlation to assets, profits, etc and price?

Hot potato! Don't be the last one holding it... 100,000 coins are minted a minute.

bonzo75 · May 5, 2021

Folsom said:
Hot potato! Don't be the last one holding it... 100,000 coins are minted a minute.

there is one wallet holding 28 percent, probably Elon musk, and then a few others holding up to 67 percent total.

however, while this fails demand supply in terms of coins minted, the user adoption is massive. And these users are not looking at technical analysis fundamental analysis or profit taking

DaveC · May 5, 2021

bonzo75 said:
That was not the point of the post you liked, the post was a reason for a few hours of correction in an asset that keeps going up. As for the energy issue, as mentioned there are some green coins.

WPR is an example https://wepower.com/

Keep in mind that crypto is in early adoption phase, not a finished mature stage

Jack Dorsey and Elon Musk agree on bitcoin's green credentials

But their opinions are not shared with those more cynical about the cryptocurrency's impact.

www.google.com

Lol, btc is about as green as a Model S that weighs 5500 lbs and contains 4x the amount of battery and motor required to be a useful car and is charged using coal fired power.

Elon probably also owns a fair amount of Doge and just wanted to get in on all the pump and dump action, lol.

Zero000 · May 5, 2021

Ron Resnick said:
Dogecoin at $.68.

The joke is on me!

Doggy coin rules, Ron, obviously!)

That's how I pronounce it and and I wonder if that wasn't the intention.

Folsom · May 5, 2021

bonzo75 said:
there is one wallet holding 28 percent, probably Elon musk, and then a few others holding up to 67 percent total.

however, while this fails demand supply in terms of coins minted, the user adoption is massive. And these users are not looking at technical analysis fundamental analysis or profit taking

Who ever is minting is keeping them off the market... $68k a minute? Ya...

Crypto TA is fairly predictable until big bag holders make moves. Then things can get fun.

andromedaaudio · May 5, 2021

DaveC said:
Elon probably also owns a fair amount of Doge and just wanted to get in on all the pump and dump action, lol.

Lol , after he cashed in on this one he ll come up with another coin
he s the Pump and dump master

DaveC · May 5, 2021

People are all doom and gloom about spending too much and inflation, then turn around and buy Doge because Elon Musk. The irony! The big holders are gonna dump at some point, hope you get that right! And it's Elon and the other big players who're gonna get richer with 100% certainty. Your odds are pretty even whether you'll make out or lose, and if you do lose you can be happy knowing your money went directly into Elon's pocket.

If we do have issues with money and the economy in the future it's because of the stupid and because fear often results in the object that is feared manifesting. The current state of finance is like a hypochondriac giving themselves a heart attack.

Is our financial system just a big casino where the house is the current mega-rich? Is that healthy? IDK, seems like short term trading is the major issue. How many would buy Doge if they were required to hold it for at least a year? This is a bunch of BS IMO, I'll keep putting my money into my own and other's local businesses that positively contribute to my own community's health and prosperity rather than making the CCP, oligarchs and billionaires richer than they already are. And I'll bet on GM rather than Tesla, with Elon contributing to the BS I've lost all respect for him and will never support Tesla. GM's auto-drive is also gonna be superior vs Tesla's system, GM is not putting out half-a$$ed solutions before they are ready.

andromedaaudio · May 5, 2021

DaveC said:
Is our financial system just a big casino where the house is the current mega-rich? Is that healthy? IDK, seems like short term trading is the major issue.

Yes it is , but the stock market seems like a good inflation protection so far (and if they fed does nt raise rates it ll stay that way probably )
A lot of people work from home these days , people got time for short time trading ( gambling ) all kinds of coins " wall street bets "

You could say these are all signs of a major top exuberance / excess

Zero000 · May 5, 2021

DaveC said:
People are all doom and gloom about spending too much and inflation, then turn around and buy Doge because Elon Musk. The irony! The big holders are gonna dump at some point, hope you get that right! And it's Elon and the other big players who're gonna get richer with 100% certainty. Your odds are pretty even whether you'll make out or lose, and if you do lose you can be happy knowing your money went directly into Elon's pocket.

If we do have issues with money and the economy in the future it's because of the stupid and because fear often results in the object that is feared manifesting. The current state of finance is like a hypochondriac giving themselves a heart attack.

Is our financial system just a big casino where the house is the current mega-rich? Is that healthy? IDK, seems like short term trading is the major issue. How many would buy Doge if they were required to hold it for at least a year? This is a bunch of BS IMO, I'll keep putting my money into my own and other's local businesses that positively contribute to my own community's health and prosperity rather than making the CCP, oligarchs and billionaires richer than they already are. And I'll bet on GM rather than Tesla, with Elon contributing to the BS I've lost all respect for him and will never support Tesla. GM's auto-drive is also gonna be superior vs Tesla's system, GM is not putting out half-a$$ed solutions before they are ready.

I truly empathise with this post.

andromedaaudio · May 9, 2021

andromedaaudio said:
Lol , after he cashed in on this one he ll come up with another coin
he s the Pump and dump master

I think i shoud start a career as a " fortune " teller

I hope everybody cashed out , although that aint gonna be easy with everything closed at the weekend.
I m sure he did on friday

Dogecoin tumbles after Elon Musk calls it a ‘hustle’ on ‘SNL’ show

Dogecoin lost more than a third of its price on Sunday, after Tesla chief and cryptocurrency supporter Elon Musk called it a 'hustle' during his guest-host spot on the "Saturday Night Live" comedy sketch TV show.

www.reuters.com

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