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re: Hope yall baws held on to your bitcoin
Posted on 1/11/24 at 7:50 am to go ta hell ole miss
Posted on 1/11/24 at 7:50 am to go ta hell ole miss
quote:
Now do the last 15 months
Did you do the looking up before that post?
0
Posted on 1/11/24 at 7:51 am to yaboidarrell
Nothing says BTC is "decentralized" quite like less than 2% of addresses controlling 93% of it
Looking at how few addresses own it, it seems the sudden rise is nothing but hype yet again that will eventually crash down. Rinse and repeat.
Looking at how few addresses own it, it seems the sudden rise is nothing but hype yet again that will eventually crash down. Rinse and repeat.
Posted on 1/11/24 at 7:51 am to Warfox
quote:
I’ll stick with physical gold, thanks. But that’s just more for you, anyway!
Might as well go bury the gold in the backyard. You generally don’t make money with gold or silver over time; it treads water versus the value of everything else.
It appears to be worth more because it takes more dollars to buy an ounce over time.
Milk was $0.75/gallon in 1947.
You would pay for it back with a US Quarter that contained 0.18 ounces of silver in it.
What is that same 0.18 ounces of silver contained in that silver quarter worth today?
Around $4.00
Close to what a gallon of milk costs.
(And I have over 5% of my net worth in bullion and rare coins)
Posted on 1/11/24 at 7:52 am to Murray
quote:
Murray
dude who doesn’t understand and market corrections This post was edited on 1/11/24 at 7:53 am
Posted on 1/11/24 at 7:53 am to stout
quote:
Looking at how few addresses own it, it seems the sudden rise is nothing but hype yet again that will eventually crash down. Rinse and repeat.
cope 
Posted on 1/11/24 at 7:58 am to yaboidarrell
Try Spending it
I have a bitcoin debit card I'll let you have for $100.00
I have a bitcoin debit card I'll let you have for $100.00
Posted on 1/11/24 at 7:59 am to stout
quote:
less than 2% of addresses controlling 93% of it
Holders =/= controlling. There are no doubt whales that can swing their dick around from time to time to make some quick profits, but there are only a few wallets on that list that can cause an actual crash. Those are Satoshi's wallets, and he's likely dead.
Posted on 1/11/24 at 8:03 am to yaboidarrell
No thanks, I’ll stick with consistent real assets like NFTs.
Posted on 1/11/24 at 8:03 am to stout
The creator controls the large piece of the pie, like most other crypto.
Your graph also starts with someone holding one. Being a world wide asset, not too many people have 47k in cash to buy a whole bitcoin.
Not a gotcha
Your graph also starts with someone holding one. Being a world wide asset, not too many people have 47k in cash to buy a whole bitcoin.
Not a gotcha
This post was edited on 1/11/24 at 8:26 am
Posted on 1/11/24 at 8:14 am to Lawyered
quote:
But if they’re losing and Bitcoin is dropping in price.. it’s crickets
Crickets because I'm busy buying as much of the dip as possible.
Posted on 1/11/24 at 8:24 am to yaboidarrell
Owned a little over 4 BC and 42 Ether that I purchased before the big dip. Stayed in the tank for well over a year until the comeback. Sold for around $18k profit a few months ago. Not bad for a relatively short term investment but, would've tripled my return if I'd waited another month. Frickin hindsight.
Posted on 1/11/24 at 8:29 am to Lawyered
quote:
But if they’re losing and Bitcoin is dropping in price.. it’s crickets
The anti bitcoin people are literally the opposite. If BTC drops 15% they come out of the woodwork.
Posted on 1/11/24 at 8:33 am to yaboidarrell
remember when bitcoin was nothing but dark web drug money
i remember
i remember
Posted on 1/11/24 at 8:35 am to Gifman
quote:
Dead cat bounce
Nope
Posted on 1/11/24 at 8:35 am to BottomlandBrew
quote:
Only up about 150%. The FTX implosion in November 2022 was not fun for most of us.
And after the first attempt of an exchange market showed the industry to be an even larger scam, why did you think they would change and get it right?
I used the doge surge to have the down payment to my house. I profited because I saw that these aren’t currencies but brands. Because they trend like brands over popularity than country political moves.
I just don’t see why everyone gets back in is all. Seems like everyone is talking profits but then is also holding the bag when the time to get out happens.
The whole “to the moon” holding strategy is a play so the bigger players get out with your new money coming into the market chasing the fad.
Posted on 1/11/24 at 8:36 am to Bluefin
quote:
mortgaged my home and spent my kid's college savings on 3 avatars of bored monkeys with tattoos. Who wants to trade a monkey picture for a Bitcoin?
I may be interested, tattoo dependent. Is the ink work high quality? Is the ink organic and locally sourced?
Posted on 1/11/24 at 8:38 am to soccerfüt
quote:I don’t follow.
Milk was $0.75/gallon in 1947. You would pay for it back with a US Quarter that contained 0.18 ounces of silver in it. What is that same 0.18 ounces of silver contained in that silver quarter worth today? Around $4.00 Close to what a gallon of milk costs.
Wouldn’t the 75¢ in silver quarters be .18 x 3 = .54 oz of silver X $23/oz = $12.42?
That’d be a few gallons of milk.
Posted on 1/11/24 at 8:41 am to stout
Pow doesn't care about how much you own.
Posted on 1/11/24 at 8:43 am to yaboidarrell
quote:
Hope yall baws held on to your bitcoin
I did .
ETA And im going to need every penny of my Bitcoin since that total piece of shite Elon is tanking my TSLA stock again this morning .
.
.
This post was edited on 1/11/24 at 8:46 am
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