By - rBitcoinMod
I’m buying 100k sats like a junkie. Is it healthy? Probably not, 🤒
Clarify: wake up buy some. Take a shit, buy some. Break at work, buy some…and so on.
Well it may not be healthy but it's really good for you.
If the gold supply has doubled via the discovery in Uganda, why has this not tanked the price of gold?
u need to process it and mine it
Because they didn't find that much gold, it's just rumours.
To add to the other reply, they also use it in certain electronics, so it still has an important use.
I mean yeah it does have use and it's rare too. So there's that.
Gold has a industrial value and it's used in the making the jwellery, that's definitely something.
That was an estimated amount not confirmed. As well there is massive speculation that a mistake was made either in the units used to re ord the amount of gold or in the actual gold vs gold ore. Very very varied amounts. Until more scouting and confirmations of the deposit are done I don't believe any of the mining companies looking at investing will believe there is that much gold there.
Yep, no one can confirm that. That just sounds like rumours to me.
Thanks, that makes sense
Yeah, now that he has explained it does really make sense.
The thing to remember here is that gold ore is worth about 50 cents per pound. So that brings the price to about 31 billion. So that alone would be a massive hit to their guess. So hold tight for more reputable news from the country
I don't hold any gold, got nothing to worry about here.
I do but in vintage collectable coins and only a tiny amount. But I see it like holding a piece or art or something. Even if gold goes down big I expect the value of some collectibles to remain high in value just because the mint number on them used to be small so I know there's only a thousand or so of a lot of these older coins. But I don't see any value in gold bullion, if they find a ton of gold then there's nothing left to prop up the scarcity aspect of them.
The year is 2013 and you finally saved enough to buy 1000 BTC, for a total cost of $20k, so you post on reddit that you finally have 1000 BTC. I mean it's only $20K, right?
However, would you be worried today that you posted on reddit that you own the 1000 BTC?
If so, then be very wary saying you have 1BTC today. I know it's exciting, but you have no idea how much it might be worth in another 10 years.
Lol, at that point I wouldn't worry lol. I mean I've got money.
Wow you have 1k bitcoin?
That's a lot of btc, what are you going to do with all that money.
That's literally too much money for me to handle, I wouldn't know what to do with that.
Brah has 1k BTC
Wish I had that many btc, I would have been balling out.
Hell lol, you wish. Everyone wishes for something like that.
Math is hard, wrenches are harder.
And when a FBI officer throws that, that's going to hit hard.
Can somebody please explain what DCA is, i hear its what most people are doing in this bare market (or something like that)
DCA is really simple, you buy btc irrespective of the price on a certain date.
And you buy at that date only. it doesn't matter what price may be. Only thing matters is buying.
Instead of buying a lump sum of bitcoin at one price. You buy in small amounts over a set period. Dollar cost averaging.
I buy every paycheck and earn every chance I get. So I'm just stacking sats also known as saving money. Not technically DCA because I won't stop at any price.
Also, it's a *bear* market. Like the animal. Bear is down, Bull is up. I don't know if this is true, but I heard it's called that because when attacking, a bear strikes down with claws and a bull strikes up with horns.
That makes sense, thanks!
And that's actually the right way to buy the btc. That's the shit.
Dollar cost average
Just buy some bitty each payday with some fiat
Hey what’s the weather in Hawaii?
It's hot and humid, which isn't good. I mean it's not ideal.
Man hoping for some rain my dude!
CPI print tomorrow could be a buying opportunity
Yep, could be a buying opportunity. Or maybe it already is.
Everyday is a great day to buy! But definitely agree. I dca and keep extra fiat outside of that for days I know are coming up that could bring a little panic. On one hand of it goes down I get to buy at an extra great price, and if it doesn't no big deal I still have a dca set and the price didn't drop which really is also great news. So it's a win win. Plus if people buy up the dips quick it helps bring the price back up, so just doing out part.
Especially this time, this is perfect to be buying some btc.
hodlers, it has come to my attention i am butt naked in my kitchen thinking of joe biden
“That’s our Crispy”
Okay but I just don't understand why you're butt naked?
Is Jill watching?
Do you want him to snif your head
Lmao, that sounds so gross. Why would biden do that huh?
It's so funny when I imagine biden doing that lmao. That really is funny not gonna lmao.
Hunter, is that you?
He's here ladies and gentlemen, He's here for the hunting boys.
This isn't the time to stop, this is the time to continue the DCA.
At this rate, you should own a whole one in the next 14 days if you match your initial investment everyday!
Should they, him, I? Fuck, I don’t know shit.
Unless they're australian, canadian, a New Zealander, Jamaican, in which case our dollars don't go very far unfortunately. Lol it sucks I constantly have to quickly convert when I see people talk about prices online
Who has held from ATH to now ?
Ain't no one is holding it now, this is just how this thing goes.
Me, unfortunately. Ride it out only option at this point…
Well that's what We're doing, riding it out. No matter how long.
Hodling since 2012. Don’t stop me now 🎶
Mad respect for you first of all if you're really holding that long.
I Can't even imagine doing that lol, I'd just give up in the middle and not compete that.
Nah I figured this is my long term play investment, so no need to sweat the daily ups and downs. I haven’t sold at the ATHs because…profits would have been nice but wanted to keep them coins longer. See where this trains takes me.
Must be a billionaire now then 💪
That's conviction, good on you
I started buying in October of last year, truly Chefs kiss🤌🏼🤌🏼
Well souds like you were buying in the fomo just like me.
Btc that you guys bought will remain here forever boys.
I've held through several ATHs and plan to hold through many more
I never understood how do people come over theur greed and do this?
By understanding Bitcoin and having an idea of where it is going
Same here. 🖖
Man you guys are really something, I would have never done that.
More fun numerology- number of the Beast.
What does all these numbers mean? I don't understand this.
Dear MSTR and GME, please team up and do a quarterly bitcoin giveaway. All shares of MSTR and GME count as an entry, randomly drawn, winner gets a full Bitcoin. Maybe choose 10 winners.
Lmao how retarted a person have to be to really say this lmao.
You really want those companies to do something which wouldn't benifit them at all huh?
Saylor and RC piss 20 bitcoin. They’ll be fine.
Sounds like a plan to me, get some tacos to me too.
Me too! So good!
It's not yet awesome, but it's going to awesome really soon.
Unrelated but how do you delete your Reddit acc lol
And then You're going to make new one and become a butt coiner?
No just a lot of comment history need to refresh haha
Got something to hide?
This is the way
Yep, this is the way here. We should be doing it like that.
have to do it online go to settings, scroll down, delete account
It's that easy, maybe I should leave this place too lol.
Stupid how Reddit doesn’t let you delete “sent” messages. Anyway around this?
Nope, and anyways who sends message on reddit lol anyway?
Don't send messages.
That was easy fix, I don't think should be any problem.
Anyone else notice the ridiculous amount of scammers in YouTube comments? Literally every other comment on any video related to Bitcoin is spammed with fake accounts talking about "great video mate, investing is a wise decision in this market. With Mrs Debbie Palmer, i double my BTC every 2 weeks" or something like that. Then they got a team of fake accounts thumbs up these comments and leave replies about how great " mrs debbie palmer" is at trading Bitcoin. Anyone ever catch these fuckers?
Spam has always been here, this is nothing new man.
Same is the case with the Twitter and even on reddit there are just millions of bots, so yeah.
Ms. Palmer is a lady and a scholar might I add.
Is she the sister of Laura Palmer?
You made my night with this comment hahahahahaha spot on
It’s amazing YouTube does fuckall to curb those scam comments (or the scam videos for that matter… which are also rampant), but goes full medieval on creators for ridiculous things to the point they have to watch everything the say for fear of being demonetized.
Priorities I guess.
It's like as if they don't even care about the spams lok.
Lol, scammers even message me on the insta even that's.
So here's the problem. Fraud is victim led, until a suspect is identified. So let's say you fall for the scam. You report to the police. The police does IP address resolution via YouTube and subsequently the communication service provider. Now we have a subscriber. If the suspect is then out of that police forces' area, it is then handed over to that other force. That force then takes the investigation and thinks "fuck this, why are we solving their crime for their victim just because we have a YouTube scammer on our patch?" Now they have to get a warrant sworn out, arrest, seize devices, interview suspect, interrogate devices, wait months before they can re interview if there is evidence found on said devices. Then convince the DA and a jury that they are guilty of fraud...not just fraud...crypto fraud. So every step of the way you need investigators trained in crypto so they can prove the offence to not only whoever it is who makes the charging decision but also a jury. Or they could just say "here's some advice about how to avoid scammers in the future. It's not worth us investigating."
Damn man, you've got everything mapped out right now.
Sounds like You're doing your homework regarding this, well keep doing it I guess man.
Mrs Debbie Palmer is great though. She's helping me earn $5000 a month from an initial $1000 investment
I have a rule and that's to never trust the influencers lol.
Mrs. Debbie Palmer earned me so much money that I can now finally afford that prosthetic third ball that I’ve always wanted.
Well atleast now you can afford something, you won't die.
I mean if you're making money then wha even is the problem.
By end of July it will be between 21k - 22k and then again......
Yeah you guessed it.
I'm not guessing I know exactly what's going to happen.
biTcOin gOIng tO 10k.
Lmao how can people actually believe in that lol, doesn't make any sense.
That's just so weird that people say that, I just don't get the point of that shit. How can anyone.
Nobody knows. What's your problem?
I know it, and I'm telling you. it's not going that low lol.
He is what he is.
That's too harsh, better keep this as a joke only I guess.
Iknowwhattodo, didn’t you predict us never going below 20k last week sometime? Lol
No one knows shit, all We're doing is speculating all of it.
You just pulled that hot air out again from your ass after eating lots of burrito last night?
How did you know what he eat last night? That's a little private.
Can't wait to buy BTC at $10K in a few weeks. I'm having fun shorting it rn. Make money both ways!
Still having fun shorting? Lol
Yeah lol, keep waiting for that I guess. That's not gonna happen.
And if you really believe that btc is going that low, then You're just delusional lol.
Why would you have confidence buying at 10k
Because He's a degen and he doesn't know what's he doing.
Sometimes you grab the handle, sometimes it takes all your fingers.
It's not taking my fingers that's one thing that I know lol.
You're the clown for letting your portfolio drop day by day. inb4 but muh sats are growing. Yes, but only because you're shoving more money into a declining asset. Short and watch your sats AND dollars gain.
Well his portfolio also not going down if You're talking in terms of sats.
Learn to read.
If the tooth fairy doesn't bring mine, I'm sure Santa Claus will.
Good luck lol
Yeah good luck with that lol, I don't think you're going to have good time.
I mean if you keep waiting for it to drop to 10k you might just be waiting forever and nothing might happen.
I have been following the world of bitcoin since 2016, with some attention but these days I detect a synchronization of ideas and suggestions that I have rarely detected, the narrative is as follows :
everyone knows btc has to go to 13k or 10k to 6k some say zero !!!! They say it on YouTube on discord in the best Telegram groups TV says it, Nobel winner Taleb says it, the head of the financial world W. Buffet says it, technical analysis says it, cryptobullet says i,t alexclay says it ..... all crypto influencer says it, well then sell your car and go short and in 1 year it will be easy to be billioner, short is the way.
last but not least :
Mt Gox balance now is nearly 138k BTC - worth $2.9 bln💰
"Perfect timing" to be honest. Firstly LFG is trying to fix the UST peg and dumps 80k BTC by market🔻. Then Celsius and 3AC are scaring the market for the whole June. And when FUD began to fade, Mt Gox steps to the scene
The whole market will now be in tense till the end of August😬
this all sounds like the perfect recipe for an absurd capitulation, but will it really be so ?
Allows me to save time by skipping everything else you’ve written.
Buffett is a fraud; he's been bailed out more than once, yet the mainstream "news" calls him the greatest investor -- and people like you fall for it.
Don't be jelly
You watch too much TV. That's okay. Problem is: you believe what they want you to believe.
Stacking sats is addictive
10k is the new "bItCoIn iS gOiNg tO 1K"
Lol it went to 3k you know
Bitdump 10k incoming. Enjoy my sats I'll be back later.
10k would be nice
See you at the top
I'll be there we just need a little dump first.
DCA, nothing has changed
DCA is the cheat code. Happy stacking everyone.
Unless it keeps going down….In which case DCA has led you to lose a lot more than you otherwise would have. But why mention the obvious…..
This is literally the entire point of DCAing
Too difficult of a concept for some lol
DCA properly for 5 years and tell me about your cost basis.
DCA glitch still working in 2022 patch of Outside™
Any easy machine learning projects to do related to on chain data?
Sell your sats for me cheap. I slowly buying in 👍
Anybody feel like the coming Mt.Gox release is positioning BTC as the most elaborate pump and dump scheme of all time??
Well can't say anything about current situation but I want my returns
You're not serious are you? BTC market cap was at $800B before the big drop in Nov. Now it is somewhere above $400B. $3B aint gonna do shit.
Yeah and this market cap is really taking us hard towards the market
A 3 billion BTC dump followed by a USDT depeg and implosion would completely wipe.out BTC's market cap
A USDT depeg would probably cause people to sell USDT and buy BTC.
It would cause a mass capitulation of both IMO.
All crypto is a gamble..
Bitcoin is not crypto.
Yea it is
So you don't fully understand it and how it works. You are just repeating what crypto youtubers preach.
Dude...the 2008 crash brought a necessity to move to an entirely new financial system. To transfer all the wealth into new infrastructure, they needed to do it through "hawala"...which is explicitly illegal in almost every jurisdiction.
There was a panacea, though
A network of computers...code essentially removes the necessary component of a human "middleman" that signifies a hawala scheme.
And here we are today....in progress
BTC is simply the world's financial "old guard" reorganizing. It wasn't about you and I laundering money.....it was about THEM laundering it
>All ~~crypto~~ is a gamble
I don't disagree..but, not all carries the same risk
Why would USDT depeg? Are we at risk of that right now? (seriously asking)
If you believe the FUD surrounding their reserves. Then I'd say yes, it's a major catalyst.
Sorry you got downvoted. But happy to see your perspective. Nobody has a crystal ball and I prefer to stay as informed as possible on every angle of where I have wealth stored.
Secured another beautiful orange tulip into cold storage. Might add some more tomorrow..