Bitcoin

justincredible Honorable Admin
37,969 posts 215 reps Joined Nov 2009
Wed, May 12, 2021 12:58 PM

justincredible Honorable Admin
37,969 posts 215 reps Joined Nov 2009
Wed, May 12, 2021 8:59 PM

I am buying the shit out of this dip. 

Ironman92 Administrator
56,729 posts 146 reps Joined Nov 2009
Fri, May 14, 2021 8:02 AM
posted by justincredible

I am buying the shit out of this dip. 

Thoughts on Musk not accepting Bitcoin for Tesla and Tesla stock going down and not getting along with China? Iā€™m interested in the Tesla stock.


justincredible Honorable Admin
37,969 posts 215 reps Joined Nov 2009
Fri, May 14, 2021 10:03 AM

I'm not too interested in Tesla stock, or any beef with China.

As for his remarks on bitcoin that knocked down the ENTIRE crypto market (that is meaningful to me, if he trashed ethereum or dogecoin bitcoin would not have been phased), I'm not 100% sure what his motivations were.

He's already confirmed on twitter that he knows bitcoin incentivizes green energy, so his comment was kind of odd. Could be a God complex (let's see how much I can manipulate the market), which could also feed into Tesla buying a lot more at lower prices. I've seen speculation that he's working on a solar bitcoin mining rig, which would be awesome, but I find highly unlikely. Or, being the government subsidy recipient he is, he might be compromised from that angle. Time will tell, but I appreciate the cheap sats.

j_crazy 7 gram rocks. how i roll.
8,623 posts 27 reps Joined Nov 2009
Wed, May 19, 2021 8:24 AM

i finally put my toe into the crypto world about 4 weeks ago. I did a fair amount of research and put all my money into ADA and MATIC. ADA because it was a low energy to "stake" or mine. and MATIC because of the lower cost to transfer on the network.


Plus my former employer was partnering with some company to rig up Natural Gas generators on flare sites in North Dakota with the end goal being to use that gas to mine bitcoin, and that leadership group has never made the right decision ever in their history, so i wanted to fade their decision. for now, that seems like the right call.

ernest_t_bass 12th Son of the Lama
26,698 posts 200 reps Joined Nov 2009
Wed, May 19, 2021 9:05 AM
posted by j_crazy

i finally put my toe into the crypto world about 4 weeks ago. I did a fair amount of research and put all my money into ADA and MATIC. ADA because it was a low energy to "stake" or mine. and MATIC because of the lower cost to transfer on the network.


Plus my former employer was partnering with some company to rig up Natural Gas generators on flare sites in North Dakota with the end goal being to use that gas to mine bitcoin, and that leadership group has never made the right decision ever in their history, so i wanted to fade their decision. for now, that seems like the right call.

Bitcoin thread:


justincredible Honorable Admin
37,969 posts 215 reps Joined Nov 2009
Wed, May 19, 2021 9:08 AM

So how about this dip?

justincredible Honorable Admin
37,969 posts 215 reps Joined Nov 2009
Wed, May 19, 2021 9:11 AM

j_crazy 7 gram rocks. how i roll.
8,623 posts 27 reps Joined Nov 2009
Wed, May 19, 2021 9:13 AM
posted by justincredible

justincredible Honorable Admin
37,969 posts 215 reps Joined Nov 2009
Wed, May 19, 2021 9:14 AM
posted by j_crazy

Plus my former employer was partnering with some company to rig up Natural Gas generators on flare sites in North Dakota with the end goal being to use that gas to mine bitcoin, and that leadership group has never made the right decision ever in their history, so i wanted to fade their decision. for now, that seems like the right call.

This is the ultimate future of bitcoin mining in the United States, IMO. It's still early, but what I'm seeing is very promising for those businesses implementing this strategy right now.

justincredible Honorable Admin
37,969 posts 215 reps Joined Nov 2009
Wed, May 19, 2021 9:15 AM

I just bought a couple million sats at $50-55k last week after selling a bunch of shit I didn't need anymore. My timing SUCKED.

QuakerOats Senior Member
11,701 posts 58 reps Joined Nov 2009
Wed, May 19, 2021 10:28 AM

Is there an ETF or similar vehicle for crypto investing?

justincredible Honorable Admin
37,969 posts 215 reps Joined Nov 2009
Wed, May 19, 2021 10:33 AM
posted by QuakerOats

Is there an ETF or similar vehicle for crypto investing?

I believe there are options out there but I'm not familiar with them.

gut Senior Member
18,369 posts 97 reps Joined Nov 2009
Wed, May 19, 2021 11:28 AM
posted by justincredible

So how about this dip?

Looking pretty much identical to the last 3 crashes.  Runs up to an unsustainable and completely irrational price, runs out of steam, and then starts a free fall.

Last 3 crashes all donked off >80%, by the way.  When it gets down to $10k, I might finally buy this time for shits and giggles.

Definitely been an interesting proof of "there's a sucker born every minute".  It's a casino, nothing more and nothing less.  Might explain why it keeps coming back after wrecking the life savings of the dumbasses who think it's an investment.

gut Senior Member
18,369 posts 97 reps Joined Nov 2009
Wed, May 19, 2021 11:32 AM
posted by justincredible

He's already confirmed on twitter that he knows bitcoin incentivizes green energy

LOL.  It's far more likely to be funding terrorism.  The rationalizations behind Bitcoin are endlessly hilarious.  It's a zero-sum game - your gain is someone else's loss.  I'd guess 99% of bitcoin buyers don't understand that.  Of course, most bitcoin buyers also think the stock market is rigged and straight-up gambling.
justincredible Honorable Admin
37,969 posts 215 reps Joined Nov 2009
Wed, May 19, 2021 11:38 AM

Here comes gut...

justincredible Honorable Admin
37,969 posts 215 reps Joined Nov 2009
Wed, May 19, 2021 11:50 AM
posted by gut

Looking pretty much identical to the last 3 crashes.  Runs up to an unsustainable and completely irrational price, runs out of steam, and then starts a free fall.

Last 3 crashes all donked off >80%, by the way.  When it gets down to $10k, I might finally buy this time for shits and giggles.

Definitely been an interesting proof of "there's a sucker born every minute".  It's a casino, nothing more and nothing less.  Might explain why it keeps coming back after wrecking the life savings of the dumbasses who think it's an investment.

Which 3 crashes? What is the current price compared to the beginning of the 1st crash you're referring to?

justincredible Honorable Admin
37,969 posts 215 reps Joined Nov 2009
Wed, May 19, 2021 12:12 PM

You must be referring to when it crashed from $10 to $2, and then $1000 to $200, and then $20,000 to $3500. 

Just BRUTAL.

justincredible Honorable Admin
37,969 posts 215 reps Joined Nov 2009
Wed, May 19, 2021 1:16 PM

Stacked in gut's honor.

Automatik Senior Member
15,737 posts 95 reps Joined Nov 2009
Wed, May 19, 2021 1:34 PM

I'm buyin too. Get with it Gut!

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