patrick.net

WookieMan says

Zak says

awaiting moderation

Not sure .

Of course not. Wookieman doesnt know the rules of this forum either. We had to flag many of his comments in the past. He just cant handle the success of Bitcoin investors and makes personal comments. Thank goodness we have moderators who catch and flag him.

G36 says

Usually what happens....the haters turn personal because they cant prevent Bitcoin from climbing higher and higher.

What was personal about Zak's comment (55)???? FYI I didn't approve it as I state above. It was a good question though. Engage. Stop pumping.

WookieMan says

G36 says

Usually what happens....the haters turn personal because they cant prevent Bitcoin from climbing higher and higher.

What was personal about Zak's

IDK, never saw the comment. But its good we have moderators who catch you and ZAK on making personal comments. Thats what the moderators are here for. Haters usually dont obey the rules and need to be flagged :)
Sry bud.....must be the shitty weather in IL where you live and your portfolio of 100 shares of LUV that makes you hate on Bitcoin's success?

G36 says

But its good we have moderators

Thanks. I appreciate that I'm good.

G36 says

IDK, never saw the comment.

Lol....

thats funny that you think you are a moderator....we have had to flag countless of your personal comments! Bawahahah

G36 says

Its an incredible exciting time we live in!

What do you like best? The masks or the lockdowns?

G36 says

thats funny that you think you are a moderator.

Almost as funny as thinking one is an investor.

Onvacation says

G36 says

thats funny that you think you are a moderator.

Almost as funny as thinking one is an investor.

So true!

G36 says

we have had to flag countless of your personal comments! Bawahahah

Who is we? So you do have more than one account. Thanks for clarifying.

And yes, I can nuke 100% of your personal comments towards me. I don't. And I don't run from conversation. I'm also more subtle. Did you ever figure out my math problem?

Onvacation says

G36 says

Its an incredible exciting time we live in!

What do you like best?

Bitcoin! Crypto! CARDANO (ADA)!

Cardano is probably the most exciting one...bought at 10 cents per coin (precious coin).....its trading over 1.2 USD right now....will probably cash out when it hits $3-5 :) :)

WookieMan says

we

Who do you mean by "we" @WookieMan, is it the voices again that told you that TESLA sold Bitcoin? You know it was just voices and there is no proof right?

Or do you have a mouse in your pocket? Just wondering who you mean by "we".

WookieMan says

G36 says

we have had to flag countless of your personal comments! Bawahahah

Who is we?

G36 says

Who do you mean by "we"

Man up. I asked the question first. You won't answer. I'll laugh at your response.

Sorry BSDS is so strong today. Beautiful weather in SoCal and shitty in IL.
I get it :)

Sry bud!

WookieMan says

I'll laugh at your response.

G36 says

Keep up with the lame graphics my 10 year old could make. Again, thanks for the laugh. Keep it coming.

I know it stings. Sorry @WookieMan

For the Bitcoin derangement syndrome I suggest you buy Bitcoin. You are not as early as I am ( I bought last November) but at least you get some satoshis before you are priced out.
For the sunshine derangement syndrome I am not sure I can help. SoCal is a nice place with the best weather but we know you cant afford it. Maybe watch some shows that were made from here or save for a vacation in SoCal.
Good luck!

@g36 ahahahahahahahahahaahahahahahahaha.

fyi, my comment was moderated because I posted it from a temporary laptop I'm using that wasn't logged in.

I like how you refuse to answer any serious question though... just shove your fingers in your ears and shout louder. It's fun to know that every time you post on this thread, you bump my bitcoin is garbage title back into the top of the discussion. That was the point!

G36 says

SoCal is a nice place

Not to live. Fine to visit. It's a shit hole compared to where I live if you're talking people and homelessness, which is what it actually is. Working people work, sleep, take their kids to activities and travel. We don't ride bikes over needles and shit.

Zak says

fyi, my comment was moderated because I posted it from a temporary laptop I'm using that wasn't logged in.

That's true. If you comment while not logged in, it goes into moderation because I don't know it was really you who posted. (no password)

WookieMan says

to live

correct. SoCal is the best place to live.

Zak says

@g36

I never saw your comment. Usually, when Bitcoin haters make personal comments, our moderators catch and flag. Its awesome.....that way we keep it civil.
Let us know what other questions you have regarding precious digital gold coins.

https://fortune.com/2021/03/01/bitcoin-bubble-michael-burry-big-short-investing-btc/

There are plenty of Bitcoin bulls evangelizing the digital currency these days, but Michael Burry, the focus of the film and book The Big Short, is not one of them.

Burry, in a now-deleted tweet, warned that Bitcoin’s current levels are unsustainable—and current investors could suffer significant losses.

"$BTC is a speculative bubble that poses more risk than opportunity despite most of the proponents being correct in their arguments for why it is relevant at this point in history," he wrote. "If you do not know how much leverage is involved in the run-up, you may not know enough to own it.”

Burry knows about bubbles, having made a fortune off the housing market’s collapse in 2007. And he warned that Bitcoin’s recent ascension seemed reminiscent of that time.

Patrick says

"If you do not know how much leverage is involved in the run-up, you may not know enough to own it.”

Can't remember which user here has been posting the volume of margin borrowing. Super high increases Nov. to Jan. Haven't seen an update from him lately though, unless I missed it.

I'd bet that a lot of that was retail investors. Why not? If the stock market keeps defying logic, it's a low interest credit card to gamble in the crypto casino or keep yourself afloat after losing a job. If the margins start getting called on a dip in the stock market, retail is going to want to keep their stocks and bail on crypto.

BTC is barely older than my kid, has no assets, no physical value and no one actually uses it as a "currency" compared to fiat. The value is based on the USD or other fiat. How else do you buy crypto? With other crypto? lol. All bought with USD to gain "entry" to the game. It's as obvious as can be to see the house of cards.

Patrick says

https://fortune.com/2021/03/01/bitcoin-bubble-michael-burry-big-short-investing-btc/

There are plenty of Bitcoin bulls evangelizing the digital currency these days, but Michael Burry, the focus of the film and book The Big Short, is not one of them.

Burry, in a now-deleted tweet, warned that Bitcoin’s current levels are unsustainable—and current investors could suffer significant losses.

"$BTC is a speculative bubble that poses more risk than opportunity despite most of the proponents being correct in their arguments for why it is relevant at this point in history," he wrote. "If you do not know how much leverage is involved in the run-up, you may not know enough to own it.”

Burry knows about bubbles, having made a fortune off the housing market’s collapse in 2007. And he warned that Bitcoin’s recent ascension seemed ...

During a Bull Market there is always someone seeking 15min of fame. How often have we read article saying "expert who called the last housing bubble predicts crash in 2016, 2017, 2018, 2019, 2020, 2021, 20xx?

G36 says

During a Bull Market there is always someone seeking 15min of fame. How often have we read article saying "expert who called the last housing bubble predicts crash in 2016, 2017, 2018, 2019, 2020, 2021, 20xx?

No one of substance has been predicting a housing crash. The fundamentals are substantially better in the loan/debt market even though prices are rising. Housing crashed because of shit lending practices and then bundling those loans as something worth investing in.

So you take the biggest investment in an individuals life, improperly give them a loan, and then sell the debt as valuable and safe. No one is predicting a housing bust. No one is looking for 15 minutes of fame. It's just analyzing what is in front of you. A spreadsheet that is as worthless as the stripper that borrowed the cash for a condo.

WookieMan says

No one of substance has been predicting a housing crash.

I know a few Realtors and a Broker who are predicting it without flinching for whatever that's worth.

WineHorror1 says

WookieMan says

No one of substance has been predicting a housing crash.

I know a few Realtors and a Broker who are predicting it without flinching for whatever that's worth.

They're local though. Nationally housing is in relatively good shape. As with covid, the reaction to a crisis can be learned from. Banks won't foreclose and trash their books, they'll work it out with homeowners. I was hands on with REO properties during the crash. Banks fucked up big time and know it.

Commercial RE is a different animal. I could see a crash there, but that is mainly a stock/REIT thing and wouldn't hurt main street that bad. Retail and office will get trashed, but I think much of that may have played out.

Could housing dip, sure. I was addressing a "crash" as I don't see anything pointing to that. It will go flat for a while if anything. Besides places in TX, FL, CO and MT, most the country is on solid ground. CA prices likely won't move much even with people fleeing. There are some boom towns in the states mentioned and others, but it's not anything that will drag down the entire economy like 2006-8.

The haters are so quiet today......probably because Bitcoin is above 50k :) :)
Sry guys, you missed another buying opportunity!

@Zak, i hope you bought some satoshis on this dip? Back to 51k....:) congratulations if you bought some!

@g36 My dirty sock price went up to $100 from the previous $75. You missed the dip! BTW, my dirty socks are outperforming bitcoin recently. 75 -> $100 is a 33% increase, bitcoin has only recovered from $45k -> $51k .. a mere 12% increase.. Hurry and buy some of my dirty socks before you miss the next run up!

BTW, you continue to ignore the misinformation in your laugh out loud funny infographic. I pointed it out very clearly, giving you the opportunity to respond... Still silence?

@G36 back to what?

Zak says

@g36 My dirty sock price went up to $100

Clean ones are cheaper.

Zak says

@G36 back to what?

It's just a matter of time.

Zak says

I pointed it out very clearly, giving you the opportunity to respond... Still silence?

You won't get a response. That's why I give him a hard time in other threads. Apparently he likes to do the same thing over and over with no joy in life.

@onvacation .. that's the point.. bitcoin burns more fossil fuel than entire countries, for a speculative mania with no underlying value. My dirty socks make a nice parallel.

@Zak
great buying opportunity. Bitcoin gives you chance after chance! Use it :)
And thank me later!

Zak says

that's the point.. bitcoin burns more fossil fuel than entire countries, for a speculative mania with no underlying value. My dirty socks make a nice parallel.

I know.

I have been trying a lot of analogies to try to help some people understand that bitcoin is not "gold 2.0".

And who says your smelly socks have no value?

Gold 2.0 / Bitcoin and energy consumption....for those that want to be educated :)

https://www.coindesk.com/the-last-word-on-bitcoins-energy-consumption

51 K is a great price for Bitcoin! With so much institutional demand and the scarcity of Bitcoin nobody should be surprised to see a 150K Bitcoin this year.

@Zak so quiet today?

G36 says

so much institutional demand

You do know that "institutional" demand is really just retail demand from wackadoodles that think crypto is the new gold mined by miners so they can HODL it in their wallets for when it becomes the new currency that will be worth millions in fiat per coin?

Don'tcha?

one of the institutions some of you know is Tesla!

https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html

Tesla buys $1.5 billion in bitcoin, plans to accept it as payment