Crypto trading

[BackInTheGame78]

You’ll never convince me that something digitally made is scarce in any way. I’ll stick to commodities. Things that can actually run out



Which is why they are flocking to bitcoin

Haha...well you can believe what you'd like. The world is changing right in front of your eyes, you are looking right at it but you don't see it.

 

[BackInTheGame78]

Yep....the masses are asses.

Buy Bitcoin.

I'm not advocating not to buy Bitcoin, it's going to do great. I just simply think there are a lot of alts that are going to outperform it long-term. That's just my opinion, but one that is shared by a lot of people.

 

[SargeMaximus]

Haha...well you can believe what you'd like. The world is changing right in front of your eyes, you are looking right at it but you don't see it.

Yes I agree. The world is running out of oil, coal, and copper among all others. Major commodities needed for the tech you nerds need for your stuff.

 

[BackInTheGame78]

Yes I agree. The world is running out of oil, coal, and copper among all others. Major commodities needed for the tech you nerds need for your stuff.

Coal and oil are completely unnecessary and have been for almost a century. The industries are the ones who have forced people to use it with their powerful lobbies in government.

The only reason they are still being used is because they haven't allowed the plug to be pulled on them yet. They could easily and quickly be replaced.

Copper...whatever. A single fiber optic wire 1/10th the width of a hair can have more concurrent telephone conversations going through it than the amount of copper phone wire that would fill the Grand Canyon. Think of that for a minute.

 

[SargeMaximus]

Coal and oil are completely unnecessary and have been for almost a century. The industries are the ones who have forced people to use it with their powerful lobbies in government.

The only reason they are still being used is because they haven't allowed the plug to be pulled on them yet. They could easily and quickly be replaced.

Copper...whatever. A single fiber optic wire 1/10th the width of a hair can have more concurrent telephone conversations going through it than the amount of copper phone wire that would fill the Grand Canyon. Think of that for a minute.

So, your phone isn’t made with plastic? An oil product? Interesting.

They cannot easily and quickly be replaced either. Do you actually know the power efficiency of oil or natural gas versus solar or wind? Look it up because you clearly don’t know.

All I know about copper is that it is getting more and more scarce and we aren’t even close to full electric/renewables yet.

I’m going to enjoy the world going forward. Idealists who have no concept of how reality works are going to fvck things up so bad. These commodities will skyrocket. More than they already have

Enjoy your bitcoin when that happens.

 

[jaygreenb]

You’ll never convince me that something digitally made is scarce in any way. I’ll stick to commodities. Things that can actually run out



Which is why they are flocking to bitcoin

Recent retail entrants aren't buying bitcoin, majority of new low net worth buyers are in alts and meme coins. Majority are looking for the overnight lottery tickets that are going to 1000x. A few success stories but doesn't usually end well.

 

[BackInTheGame78]

So, your phone isn’t made with plastic? An oil product? Interesting.

They cannot easily and quickly be replaced either. Do you actually know the power efficiency of oil or natural gas versus solar or wind? Look it up because you clearly don’t know.

All I know about copper is that it is getting more and more scarce and we aren’t even close to full electric/renewables yet.

I’m going to enjoy the world going forward. Idealists who have no concept of how reality works are going to fvck things up so bad. These commodities will skyrocket. More than they already have

Enjoy your bitcoin when that happens.

Not so fast...sounds like they are playing shell games when talking about fossil fuel efficiency...

Study: Fossil fuels are far less efficient than previously thought

Fossil fuels, long regarded for their high-energy return on investment, are not as efficient as once thought. In fact, their final yields are not much better than those of renewable options, according to a new study.

www.renewableenergyworld.com

 

[SargeMaximus]

Not so fast...sounds like they are playing shell games when talking about fossil fuel efficiency...

Study: Fossil fuels are far less efficient than previously thought

Fossil fuels, long regarded for their high-energy return on investment, are not as efficient as once thought. In fact, their final yields are not much better than those of renewable options, according to a new study.

www.renewableenergyworld.com

There’s always gonna be an article for something.

I don’t just listen to articles. We are in an energy crisis right now and I suspect it has much to do with trying to switch to “renewables” too soon.

In fact, they aren’t even renewables since the solar panels for example need to be replaced every few years. They are not indestructible and they wear out with diminishing energy efficiency. And then the copper and silver and silicon (isn’t that an oil product too?) needs to be mined further for more solar panels.

So even “renewables” aren’t renewable.

 

[wifehunter]

I'm not advocating not to buy Bitcoin, it's going to do great. I just simply think there are a lot of alts that are going to outperform it long-term. That's just my opinion, but one that is shared by a lot of people.

Honey badger don't care. Honey badger will eat all the cobras.

 

[BackInTheGame78]

There’s always gonna be an article for something.

I don’t just listen to articles. We are in an energy crisis right now and I suspect it has much to do with trying to switch to “renewables” too soon.

In fact, they aren’t even renewables since the solar panels for example need to be replaced every few years. They are not indestructible and they wear out with diminishing energy efficiency. And then the copper and silver and silicon (isn’t that an oil product too?) needs to be mined further for more solar panels.

So even “renewables” aren’t renewable.

Silicon comes from sand.

 

[BackInTheGame78]

Recent retail entrants aren't buying bitcoin, majority of new low net worth buyers are in alts and meme coins. Majority are looking for the overnight lottery tickets that are going to 1000x. A few success stories but doesn't usually end well.

I personally think solid alts like SOL, DOT, LINK, LUNA, ATOM, etc will outperform BTC over the next few years. Far more room to grow

 

[SargeMaximus]

Silicon comes from sand.

Ah well nvm about that one. But solar panels aren’t renewable because they are made from non renewables like copper

 

[Zimbabwe]

I just hope bitcoin stays for this value for some decent amount of time so that I can invest without breaking the bank.

 

[jaygreenb]

I personally think solid alts like SOL, DOT, LINK, LUNA, ATOM, etc will outperform BTC over the next few years. Far more room to grow

Some of them probably will but some of them won't either. You also have to take in the consideration the additional risk associated with them as well. Bitcoin is a pretty much a finished product with as close to a 200% CAGR as it gets in this industry. Most of those coins are not a working product or if they are in a very limited capacity. They are basically tech start ups, a million things can happen where they won't get long term adoption, another competitor out performs, team falls apart etc. Every cycle has a new group of hot projects that wind up not performing a few years out. You are obviously a smart guy but you came in the same period I did in the previous cycle, right when alts started going absolutely nuts. The price action can distort your perception of where these projects actually are, I have been there. Everything looks great in a bull market. Getting a bad entry, a few of those projects end up not panning out, over trading creating a large tax liability, .holding on a 95% drawdown in an extended bear market. All those together with a few projects working out really well a lot of times do not beat just buy and hold of btc at 200%. Just something to keep in mind, I'm not sure you have been in the market when BTC takes over for a few months a sucks the whole market in with it. There are phases and cycles, it usually fairly small windows where alts massively out perform.

 

[Reyaj]

Do we think we will see another drop below 60 for BTC?

 

[BackInTheGame78]

Do we think we will see another drop below 60 for BTC?

Maybe but it won't get lower than 57 or 58 most likely

 

[Reyaj]

Maybe but it won't get lower than 57 or 58 most likely

How do you have your crypto allocated?

 

[Bingo-Player]

After doing some more research i no longer think the fed , fca and sec will ban bitcoin / crypto not whilst the market cap is so high anyway it would cause a tremendous economic shockwave the country can nigh afford right now

In saying that i don't believe for one second the gov is going to keep letting all this tax slide on it , too much lost income for the treasury to ignore

My feeling is when the times right the "system" will attack renegade cryptos by taxing the living sh1t out of the capital gains on them , heck they may even go further and tax it at source ......this will coincide with central banks releasing their own gov coins ready for mass societal integration

 

[BackInTheGame78]

After doing some more research i no longer think the fed , fca and sec will ban bitcoin / crypto not whilst the market cap is so high anyway it would cause a tremendous economic shockwave the country can nigh afford right now

In saying that i don't believe for one second the gov is going to keep letting all this tax slide on it , too much lost income for the treasury to ignore

My feeling is when the times right the "system" will attack renegade cryptos by taxing the living sh1t out of the capital gains on them , heck they may even go further and tax it at source ......this will coincide with central banks releasing their own gov coins ready for mass societal integration

I doubt it...the innovation cost would be too high...China handed the US a gift and I don't think they are planning to freely give it away.

They will tax it but will also not do so at the risk of hindering their advantages in this sector right now.

 

[jaygreenb]

After doing some more research i no longer think the fed , fca and sec will ban bitcoin / crypto not whilst the market cap is so high anyway it would cause a tremendous economic shockwave the country can nigh afford right now

In saying that i don't believe for one second the gov is going to keep letting all this tax slide on it , too much lost income for the treasury to ignore

My feeling is when the times right the "system" will attack renegade cryptos by taxing the living sh1t out of the capital gains on them , heck they may even go further and tax it at source ......this will coincide with central banks releasing their own gov coins ready for mass societal integration

The higher the certainty you are waiting for the less upside you are going to participate in. Of course they will tax it, just like any other asset. The problem they will have with over taxing it, because of it's properties of self custody and portability, people can leave and go to other jurisdictions that treat them better. I am currently looking at properties internationally and I know there are many others like me.