Bitcoin

The finance industry is taking crypto mainstream by building #Bitcoin into their insurance, banking, & investment products. @Newsweek says 46 million Americans now own Bitcoin.https://t.co/Wj6Ymk0hYU

— Michael Saylor (@michael_saylor) May 12, 2021

I am buying the shit out of this dip. 

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? I’m interested in the Tesla stock.

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.

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.

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:

So how about this dip?

Wells Fargo has changed its mind on #bitcoin

The bank with $2 trillion under management, calls cryptocurrency "an investable asset" and is now letting only their wealthy clients buy it. pic.twitter.com/TH13cmjNHe

— Documenting Bitcoin 📄 (@DocumentingBTC) May 19, 2021

posted by justincredible

Wells Fargo has changed its mind on #bitcoin

The bank with $2 trillion under management, calls cryptocurrency "an investable asset" and is now letting only their wealthy clients buy it. pic.twitter.com/TH13cmjNHe

— Documenting Bitcoin 📄 (@DocumentingBTC) May 19, 2021

Only letting the wealthy invest in it? #BITCOINISRACIST

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.

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.

Is there an ETF or similar vehicle for crypto investing?

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.

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.

posted by justincredible

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

Here comes gut...

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?

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.

Stacked in gut's honor.

I'm buyin too. Get with it Gut!