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re: Official CryptoTalk Thread
Posted on 5/24/21 at 3:34 pm to DallasTiger11
Posted on 5/24/21 at 3:34 pm to DallasTiger11
Oh yea definitely not making an excuse for him - he deserves some sort of repercussion for his constant meddling. I was just saying why I think he won't be touched for his crypto meddling.
1
Posted on 5/24/21 at 3:47 pm to TigerTatorTots
I can’t believe I’m about to say this... gulp... Doge... is a good hedge for cryptos
Posted on 5/24/21 at 3:56 pm to Tiguar
seems like this is just inevitably leading to a Tesla north American mining hub using solar
any Texas baws wanna confirm what he's building over there?
any Texas baws wanna confirm what he's building over there?
Posted on 5/24/21 at 4:00 pm to rocket31
quote:
seems like this is just inevitably leading to a Tesla north American mining hub using solar
that's a good bet! I didn't even think about that
Posted on 5/24/21 at 4:10 pm to TigeRoots
quote:
Elon and Saylor teaming up will catapult BTC. Saylor apparently set the meeting up to talk to miners about green options.
yup. the ESG fud is a real dilemma for institutional adoption
Elon and Saylor hosting this meeting is bullish.
is this the catalyst we needed to continue the bull market ?
Posted on 5/24/21 at 4:14 pm to rocket31
I don’t think we fully understand the scope of these things yet. I’m not sure it’ll matter near term but long term:
1. China banning (or severely hindering) mining operations
2. If Tesla does indeed create a crypto mining compound
This is really crazy to consider.
It would likely bring an end to the massive swing cycles, or at least severely curtail them. Tesla won’t need to sell as much to take profits or pay expenses. It would stabilize bitcoins chain in the medium (20+ years) term.
I hypothesize we will go through one more major cycle then Tesla announcing Bitcoin mining ops in 3 years will kick us off again.
1. China banning (or severely hindering) mining operations
2. If Tesla does indeed create a crypto mining compound
This is really crazy to consider.
It would likely bring an end to the massive swing cycles, or at least severely curtail them. Tesla won’t need to sell as much to take profits or pay expenses. It would stabilize bitcoins chain in the medium (20+ years) term.
I hypothesize we will go through one more major cycle then Tesla announcing Bitcoin mining ops in 3 years will kick us off again.
This post was edited on 5/24/21 at 4:15 pm
Posted on 5/24/21 at 4:21 pm to Tiguar
quote:
I hypothesize we will go through one more major cycle then Tesla announcing Bitcoin mining ops in 3 years will kick us off again.
Someone needs to get on their reddit account and start the rumor that they're doing it now....let's get this party starting now!
Posted on 5/24/21 at 4:22 pm to rocket31
quote:
is this the catalyst we needed to continue the bull market ?
I think so. Also think we are about to get more decentralized thanks to China
Posted on 5/24/21 at 4:24 pm to Ross
Yea I'm loving the China news, and the fact that we are actually seeing mining capacity in China start to come offline. Excellent news medium to long term.
Posted on 5/24/21 at 4:30 pm to Ross
a "bitcoin mining council" seems like a meme to me but it will be very effective for narrative purposes
"we got a council now bro"
"we got a council now bro"
Posted on 5/24/21 at 4:32 pm to rocket31
Everyone has gotten very bullish very quickly. Certainly an interesting time.
Posted on 5/24/21 at 4:34 pm to maclauer
That usually leads to more pain
Posted on 5/24/21 at 4:39 pm to TigerTatorTots
I think the mid to longer term assessment in here that this is quite bullish is correct. I just wonder if people are gonna get too far out in front of their skis again turbo longing to make back lost trades. There’s still a lot of near term supply to work through.
Posted on 5/24/21 at 4:49 pm to maclauer
you're right but the downside is mitigated a good bit with these headlines
but i do expect some massive liquidations
but i do expect some massive liquidations
This post was edited on 5/24/21 at 4:53 pm
Posted on 5/24/21 at 5:04 pm to rocket31
Texas is the 2nd largest region for bitcoin mining allegedly. Of course those assets are owned by the CCP
Posted on 5/24/21 at 5:40 pm to rocket31
quote:
you're right but the downside is mitigated a good bit with these headlines
For sure. I would assume the Elon floor is now a solid foundation. Funny enough, that’s probably more impactful news for alts than BTC. I’m sure there will still be a ton of near term volatility but if BTC crashed to 20 those things were headed to ~0 like 2018.
It’s funny you could see everyone pulling out their 2018 playbook rolling everything into BTC & USD even though it was BTC FUD bringing the market down. Buying alts yday was a great opportunity.
Posted on 5/24/21 at 5:50 pm to maclauer
Even I, the “I’m not buying shite till the floor” shill, bought some alts yesterday
Posted on 5/24/21 at 6:10 pm to rocket31
quote:
a "bitcoin mining council" seems like a meme to me but it will be very effective for narrative purposes
Considering their narrative is total bullshite I really don’t care just give me some good news finally
Posted on 5/24/21 at 6:16 pm to maclauer
quote:
Funny enough, that’s probably more impactful news for alts than BTC. I’m sure there will still be a ton of near term volatility but if BTC crashed to 20 those things were headed to ~0 like 2018.
as long as bitcoin stays strong, alts will continue to outperform
everyone stays happy?
Posted on 5/24/21 at 7:34 pm to TigeRoots
Altcoin collective is a discord channel. It's free but vip is where it's at for sure. It's pretty cheap and usually make it back on 1 trade alone.
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