patrick.net

G36 says

I just started at the beginning of this month!!

Perfect timing really strong #InstitutionalFOMO, #DeFiFOMO Just remember until you do sell you have not made any money ;) I am bouncing once real
risk-off starts because the flow of money is going back to the USD at least for a time it always does.

yeah, I agree, there will be a retracement and hopefully a strong bounce off of support levels. I am not worried about it and I dont think I am good at trading. I am just in for the rocky long ride and try to add to my position on downturns. (buy the dip kinda guy). After such an insane increase in value, nobody should be surprised when the correction happens.
Those are the days when our anti-bitcoin crowd comes out and celebrates....briefly.

G36 says

nobody should be surprised when the correction happens

Watch the DX for clues that will be your very best gauge, for now this at min a intermediate phase of price appreciation for crypto ecosystem.

G36 says

After such an insane increase in value, nobody should be surprised when the correction happens.
Those are the days when our anti-bitcoin crowd comes out and celebrates....briefl

Your pockets will be so full of crypto change the rattle will drown their rambles out lmhao

You see anything close to BTC performance? I don't and I trade all these currencies.

Cash says

Nice! Best performing asset!

https://www.cnn.com/2020/11/20/investing/bitcoin-prices-gold-blackrock/index.html

"Bitcoin soars again after BlackRock says it could replace gold"

"Bitcoin is often referred to as digital gold. And now a top strategist at the world's largest asset management firm says the cryptocurrency could one day replace the yellow metal as a go-to safe haven investment"

Fully agree! Gold has actually intrinsic value: Because its yellow metal that can look shiny.
But having digital gold (Bitcoin) is just much better suited for our digital future. For instance, you may conveniently send it via seconds/minutes and very low fees to any Bitcoin address. Besides being scarce, decentralized and the best performing asset, Bitcoin is also highly secure and can be hidden on small hardware wallets. Even if the hardware wallet gets stolen, the thief cant do much without a password. In the meantime, you can recover the stolen/lost bitcoin via recovery key (https://news.bitcoin.com/how-to-recover-bitcoin-wallet/). Stolen physical gold however will most likely be forever gone.

Cryptos are surging - massively.

https://markets.businessinsider.com/currencies/news/ethereum-ripple-soar-bitcoin-rally-cryptocurrency-interest-2020-11-1029829160

Any chance you guys can just keep it to one crypto thread? It's coming across as spam and 3 active threads at one time is rather annoying. Just a request. There's really no more conversation being had on the topic, just posting links regurgitated crap from other sites. We get if you don't keep the hype machine going in as many places as possible, you won't catch that guy willing to throw $500 at it and keep the price rising and pumping the FOMO crap.

Enjoy any gains, but let's keep it to one thread if you can restrain yourselves from being repetitive in 3 different ones.

Hi Wookie, the threads are slightly different. One is about the misinformation that OV spreads about Bitcoin. One is about a comparison between Gold and Bitcoin and one is for bullish news about Bitcoin. I agree they all could be combined by just posting to the "Bitcoin and Gold" thread.

G36 says

Hi Wookie, the threads are slightly different.

I get that. The voter fraud posts are annoying too. So not just picking on crypto because I'm not a fan of it. Makes scrolling through and remembering where you commented a frustrating task though when there's 3-10 threads talking about the same thing. Especially after being out of town and not checking the site too often.

Wookie don't own the internet or patnet his opinion about these threads matters not!!!

If the heading states Bitcoin don't read it it's that simple...

The bitcoin threads just reminds wookie he missed the boat and now his pride will make him miss the SHIP lmhao ;)

Cash says

If the heading states Bitcoin don't read it it's that simple...

Why does it not surprise me one bit that a crypto person would make this statement. The only point in multiple threads and constant posting is to get people to read it and you know that. Pump and dump. Three comments to respond to one as well... weird.

I've been very clear with my stance here. You're now trolling and that's fine. My finances for my age are in the top 5% of ALL age groups. I do well. Don't want or need to play with a video game "currency" as you call it. I'm literally not working now and don't have to, and none of it is family money. All earned. I don't have to chase the dream, I just get to live it.

I presume with your crypto gains you've been globetrotting all over the place? What were your latest travels? My guess is you "maybe" made $10k on a $4k BTC purchase. Ooooooooeeeeeeee. As I've said, enjoy it man. I'll make more sitting on my ass than you will with crypto. I like Patrick's site, but the only reason I post here is because i"m bored. I disappear when I get busy. You'd do the same if you were actually making money on crypto. The bottom will fall out like it always does and you'll likely be holding the bag. I'm just glad I can put my head on a pillow at night and not have a worry in the world.

https://krebsonsecurity.com/2020/11/godaddy-employees-used-in-attacks-on-multiple-cryptocurrency-services/

GoDaddy Employees Used in Attacks on Multiple Cryptocurrency Services ...

The incident is the latest incursion at GoDaddy that relied on tricking employees into transferring ownership and/or control over targeted domains to fraudsters. In March, a voice phishing scam targeting GoDaddy support employees allowed attackers to assume control over at least a half-dozen domain names, including transaction brokering site escrow.com.

And in May of this year, GoDaddy disclosed that 28,000 of its customers’ web hosting accounts were compromised following a security incident in Oct. 2019 that wasn’t discovered until April 2020.

This latest campaign appears to have begun on or around Nov. 13, with an attack on cryptocurrency trading platform liquid.com.

“A domain hosting provider ‘GoDaddy’ that manages one of our core domain names incorrectly transferred control of the account and domain to a malicious actor,” Liquid CEO Mike Kayamori said in a blog post. “This gave the actor the ability to change DNS records and in turn, take control of a number of internal email accounts. In due course, the malicious actor was able to partially compromise our infrastructure, and gain access to document storage.”

In the early morning hours of Nov. 18 Central European Time (CET), cyptocurrency mining service NiceHash disccovered that some of the settings for its domain registration records at GoDaddy were changed without authorization, briefly redirecting email and web traffic for the site. NiceHash froze all customer funds for roughly 24 hours until it was able to verify that its domain settings had been changed back to their original settings.

Patrick says

This latest campaign appears to have begun on or around Nov. 13, with an attack on cryptocurrency trading platform liquid.com.

Like many of the exchanges due to fed regulations US traders can't trade that exchange. Some exchanges that have the ability to operate in the US may not service certain states like Binance.US due to state regulation they choose not to do business in my state as well as 12 others..

V shaped recovery

Wow, some employers are now starting with Bitcoin 401k plans

https://news.bitcoin.com/crypto-retirement-us-investment-firm-launches-employer-sponsored-bitcoin-401k-plan/

G36 says

Wow, some employers are now starting with Bitcoin 401k plans

https://news.bitcoin.com/crypto-retirement-us-investment-firm-launches-employer-sponsored-bitcoin-401k-plan/

Good info. with the banks/hedge funds now being blessed by regulation concerning their ability to have custody and exercise fiduciary responsibility for their customers
lots of new uses for crypto in the pipeline...

wow, for any bitcoin-hater here, there is one hedge fund or Nasdaq listed company that invests 100's of millions of dollars in Bitcoin. The extremely bullish news just doesn't end.

https://markets.businessinsider.com/currencies/news/guggenheim-fund-bitcoin-investment-cryptocurrency-market-rally-grayscale-trust-btc-2020-11-1029849060

Good luck betting against Bitcoin :) :) :)

G36 says

Good luck betting against Bitcoin :) :) :)

Well everybody hopes you do well with your investment. I wouldn't touch it anymore than I would buy a tulip bulb. But I wish you well. Hopefully it will go to $300,000 and above.

Thanks richwicks! I hope so too....but I would also be more than happy with Bitcoin 100k :)

richwicks says

Well everybody hopes you do well with your investment.

Yeah right lmhao In reality everyone is hoping for some big crash like the Dale Earnhardt death crash...

https://www.youtube.com/embed/6ghBdfnAJZM

previous all time highs are just little blips on the chart

www.youtube.com/embed/xeuoI6JH-is

This seems like institutional FOMO. More and more big shots who previously criticized Bitcoin are now jumping ship.

https://markets.businessinsider.com/currencies/news/stock-market-outlook-bitcoin-portfolio-crypto-skeptic-investing-bernstein-2020-12-1029854263

The bullish news keeps coming.

https://cointelegraph.com/news/bitcoin-hitting-200k-by-december-2021-is-now-conservative-willy-woo

"Bitcoin hitting $200K by December 2021 is now ‘conservative’ — Willy Woo"

LOL

"Brian Brooks, acting comptroller of the currency, said new crypto regulations are on the way but “nobody’s going to ban bitcoin.”"

https://www.cnbc.com/2020/12/04/top-currency-regulator-says-to-expect-clarity-in-coming-weeks-on-bitcoin.html

-haters here are going to hate that the URL doesnt have "coin" it. Its poison for them to see mainstream media report on Bitcoin
-haters here are going to hate that the acting comptroller of the currency says “nobody’s going to ban bitcoin.”

muahahaha

G36 says

"Brian Brooks, acting comptroller of the currency, said new crypto regulations are on the way but “nobody’s going to ban bitcoin.”"

I think the COC will need to make it look as if they care with some sort of regulations but regardless the institutions and banks are jumping in with both feet. There is going to be a major screaming supply/demand issue in the very near future, 800/900 coins are minted daily and PayPal and Square clients have been buying the majority of the new bitcoin supply entering the market each day 40%, then you have VISA and all the hedge funds that are going to be building their stacks to the sky....

proof that Bitcoin will hit 1M in 2021

https://www.foxnews.com/2021/bitcoin-to-reach-1m.html

.

two economic realities :-(

https://www.thehour.com/business/article/The-stock-market-is-soaring-to-new-heights-But-15776444.php

https://www.axios.com/biden-economic-recovery-depression-b1f838e6-01a4-4d74-98b5-7d75c4d8aeed.html

....

I don't think it'll ever have real Government adoption, there's no way to fractionally reserve lend it.

Personal ownership and scarcity may drive it higher. But if it gets too popular, Gov will outlaw it.

Dholliday126 says

I don't think it'll ever have real Government adoption

It already is https://www.occ.gov/topics/charters-and-licensing/interpretations-and-actions/2020/int1170.pdf

G36 says

proof that Bitcoin will hit 1M in 2021

No such thing exist brother ;) I'm not riding that train however 6 digit is likely in reach.

Dholliday126 says

I don't think it'll ever have real Government adoption, there's no way to fractionally reserve lend it.

Personal ownership and scarcity may drive it higher. But if it gets too popular, Gov will outlaw it.

Agree, especially since it is used for criminal enterprises such as to evade paying taxes and for money laundering.

Let alone, even if it is legal, they will go after it if it is a noticeable threat to the current fiat currency the US dollar.
.

Including newly mined coins est for 2021 328,000+/- Bitcoin alone would need almost 19 trillion $ market cap. for it to have a $1,000,000 per/coin price tag.
I know all about the suggested institutional FOMO and it definitely will have some effect however nothing like many may be counting on keep in mind their buys will be OTC directly with the miners or as close to as possible. The kings of Cash want virgin unadulterated coins not the dirty open market coins for the most part. The caution comes in reality for the selling aspect which the institutions will manipulate the price up so they can sell into it but will rarely buy off the exchanges when they can go direct and not worry about their buying running price up on themselves if they have large amounts to move because no 1 will see it or know about it.

What do you think this is? https://www.occ.gov/topics/charters-and-licensing/interpretations-and-actions/2020/int1170.pdf "Real Government Adoption"
With a little critical thinking and study you will find it won't be as easy to "outlaw" as you have the "opinion".... I'm not 1 who thinks BTC will take over
the world however knowledge does lean way towards the idea of adoption in some form.

ad says

Let alone, even if it is legal, they will go after it if it is a noticeable threat to the current fiat currency the US dollar.

USD is already way threatened many many countries are forming their own CBDC and just wait until we are in a true quoted neg. interest environment.

Cash says

G36 says

proof that Bitcoin will hit 1M in 2021

No such thing exist brother ;) I'm not riding that train however 6 digit is likely in reach.

hehe, tried to troll our haters :)

G36 says

hehe, tried to troll our haters :)

Nice.... I was wondering lmhao