Are we excited yet?

14-06-2021 1:21pm

I don't think there's anything wrong with pushing for more renewable energies even if your own house isn't squeaky clean

fritzelly · 14-06-2021 2:20pm

40k hit, 50k next week

cryptcrapto · 14-06-2021 2:21pm

patnor1011 wrote: »

Not really. There are people who do have bitcoin or few. They will hardly be talking that they do have say 865,000,000 satoshis. 8,65 is faster to say and understand too. But as I said I get it, to say "I acquired 100k sats" is fancier than "I bought 40 bucks" worth of bitcoin.
I do not think that people will be using bitcoin to buy trivial stuff like can of coke.
Well, if you mean Colombian stuff then perhaps can of it may cost 0.90 btc but then I would venture that seller would ask for 0.90 btc and not for 90,000.000 of satoshis.

That's pretty condescending to be fair and I don't even think it is correct. First off people are using BTC for micro payments, via the Lightning Network. The reason that the President of El Salvador made his decision last week was that he was partly inspired by a small community in his country who have been doing just that for the past 2 years. It is also being used in other developing countries as well.

If people are paying $5 worth of something via BTC for something then it's a hell of a lot easier to say than 12,500 satoshis than it is 0.000125 BTC

unkel · 14-06-2021 4:09pm

cnocbui wrote: »

I think things are shaping up so batteries will be sidelined by hydrogen and Honda will be vindicated.

Nope, hydrogen for cars is never going to take off. Honda and Toyota were completely wrong and kept betting on this dying horse. Battery electric cars have gone mainstream this year even in Ireland. We will soon all drive them. But that's for a different forum.

patnor1011 · 14-06-2021 7:10pm

cryptcrapto wrote: »

That's pretty condescending to be fair and I don't even think it is correct. First off people are using BTC for micro payments, via the Lightning Network. The reason that the President of El Salvador made his decision last week was that he was partly inspired by a small community in his country who have been doing just that for the past 2 years. It is also being used in other developing countries as well.

If people are paying $5 worth of something via BTC for something then it's a hell of a lot easier to say than 12,500 satoshis than it is 0.000125 BTC

Oh well. We live in a time when you cant even say good morning to someone as he may get offended.
Yes you are right if you spend minuscule amounts it may be easier to call them with their fractional name but then again I do not think bitcoin will be used in that way. Not with current fees anyway.
Most of the people count money in dollars or euros so when I say I just sent 50 dollars to binance and bought btc I can guarantee that 9 out of 10 random people will have an idea about what I did. If you say that you got 100k satoshis I would say that 9 out of 10 random people will have no clue what or how much that means.
Keep it simple I would say.

FFVII · 14-06-2021 7:59pm

unkel wrote: »

Nope, hydrogen for cars is never going to take off. Honda and Toyota were completely wrong and kept betting on this dying horse. Battery electric cars have gone mainstream this year even in Ireland. We will soon all drive them. But that's for a different forum.

nope, their will be an overlap of all of them for a whilebut hydrogen is gonna be top dog in the end.

wotzgoingon · 14-06-2021 8:31pm

FFVII wrote: »

nope, their will be an overlap of all of them for a whilebut hydrogen is gonna be top dog in the end.

There is a shortage of the parts that make batteries especially if every car in the world is using them in the future and the batteries don't last forever as they need to be replaced so with everyone needing them and older electric cars need new batteries there will be 100% a shortage.

edit: Sorry wasn't meant to quote you but the post you quoted.

Jeff2 · 14-06-2021 10:42pm

Anyone know what happened last night when there was a sudden drop in a few.
XRP day range says it went as low as 0.21.

Haven't been keeping up on things lately.

wotzgoingon · 14-06-2021 10:48pm

Jeff2 wrote: »

Anyone know what happened last night when there was a sudden drop in a few.
XRP day range says it went as low as 0.21.

Haven't been keeping up on things lately.

What currency. I just looked up XRP euro and it never dropped any where near 0.21 yesterday.

Xaniaj · 14-06-2021 10:49pm

Jeff2 wrote: »

Anyone know what happened last night when there was a sudden drop in a few.
XRP day range says it went as low as 0.21.

Haven't been keeping up on things lately.

There was a pricing feed earlier, presume that was it

bfa1509 · 15-06-2021 12:02am

unkel wrote: »

I think the market manipulation with these tweets is some sort of game to him. He's pretty much the richest man on the planet and I doubt he does it for personal financial gain

For sure. The fact that he didn't think of or create bitcoin or blockchain p!sses him off to no end so he resorts to petty childishness just to garner more attention. Nothing would delight him more than for the whole market to crash back into irrelevancy

He's a clown and his followers are even bigger clowns.

Jeff2 · 15-06-2021 12:29am

wotzgoingon wrote: »

What currency. I just looked up XRP euro and it never dropped any where near 0.21 yesterday.

Yesterday 14th.

Euro.

wotzgoingon · 15-06-2021 12:34am

Jeff2 wrote: »

Yesterday 14th.

Euro.

I looked up charts that goes in 15mins range and seen no dip like that.

grindle · 15-06-2021 12:36am

I'd wager Yahoo scrubs their data from CoinMarketCap which had a bug for a few mins where all cryptos appeared to've dropped in price. Even stablecoins had a 70% drop

Jeff2 · 15-06-2021 12:40am

wotzgoingon wrote: »

I looked up charts that goes in 15mins range and seen no dip like that.

Yahoo and XRP LTC and DOGE dropped at the same time load amount at the same time.
Wish I was watching it.

Jeff2 · 15-06-2021 1:03am

grindle wrote: »

I'd wager Yahoo scrubs their data from CoinMarketCap which had a bug for a few mins where all cryptos appeared to've dropped in price. Even stablecoins had a 70% drop

No bitcoins and ETH didn't drop

From what I see. .

Anyway nice money to be made now.

15-06-2021 9:22am

Yeah there was a problem with coinmarket. I had a heart attack when I checked it yesterday and it said

The global crypto market cap is $508.87B, a 66.15% decrease over the last day.

Unearthly · 15-06-2021 9:25am

Microstrategy looking to buy more bitcoin (1 billion) in addition to the 500 million they raised yesterday.

Going to be very hard for bitcoin to drop to 20k as predicted by most with such a large amount of supply being locked away

Luckycharms_74 · 15-06-2021 9:50am

HillCloudHop wrote: »

The guest, a self proclaimed 'expert', got so many basic facts wrong. Hard to take seriously. He claimed that all bitcoin will be mined by 2040. He's off by a 100 years. Said there's 11 million bitcoin in circulation. Sounds like he quickly read Wikipedia before the podcast, but not very well.

You are spot on. I listened to it last night & I couldn't believe the sh1t that came out of his mouth and the woman from the FT was just as bad.

That comment about the 11 million in circulation was a WTF moment for me

.

If your gonna get an "expert" on your show your better off getting someone from the crypto community not some so-called:rolleyes: "blockchain expert"

Mcwilliams is just as bad about banks and gold and he thinks Crypto is all mumbo jumbo.

The toothpaste is out of the tube and cant be put back in. Crypto is not going anywhere and the banks are gritting teeth as they begrudgingly get into the crypto space to make money.

I would have loved from someone on here to be countering that pleb on the podcast

cryptcrapto · 15-06-2021 10:07am

patnor1011 wrote: »

Yes you are right if you spend minuscule amounts it may be easier to call them with their fractional name but then again I do not think bitcoin will be used in that way. Not with current fees anyway.

But it is being used that way. Not in Ireland or the USA but in developing countries that either have weak currencies prone to inflation or no easily accessible banking systems (or often both). By using a layer 2 technology, like the Lightning network, the transactions are abstracted away from the blockchain which massively reduces transaction fees and allows for micropayments to be carried out.

patnor1011 wrote: »

Most of the people count money in dollars or euros so when I say I just sent 50 dollars to binance and bought btc I can guarantee that 9 out of 10 random people will have an idea about what I did. If you say that you got 100k satoshis I would say that 9 out of 10 random people will have no clue what or how much that means.
Keep it simple I would say.

That depends entirely on who you are talking to and the context of the conversation. If you're telling your friend who doesn't know the first thing about cryptos (which, yes will be 9 out of 10 random people) then, yes, you're going to need to use a reference FIAT currency.

However if someone is on a forum like this one explaining their DCA strategy where they buy the same amount of bitcoin or ETH each week then it would only make sense for them to talk in crypto units.

That is why you see people posting that they bought 100k "sats" as it sound bolder than saying they bought 0.001btc.

So, no with reference to your original quote that sparked this exchange I don't believe that the poster was using 100k satoshis to "sound bolder".

Donald Trump · 15-06-2021 10:41am

Unearthly wrote: »

Microstrategy looking to buy more bitcoin (1 billion) in addition to the 500 million they raised yesterday.

Going to be very hard for bitcoin to drop to 20k as predicted by most with such a large amount of supply being locked away

What is on the TS for that debt?

And what is the note backed by? The bitcoin itself only? ..... maybe some kind of off-balance-sheet SPV structure?

FFVII · 15-06-2021 7:24pm

Donald Trump wrote: »

What is on the TS for that debt?

And what is the note backed by? The bitcoin itself only? ..... maybe some kind of off-balance-sheet SPV structure?

https://www.ft.com/content/c4d23ea3-0838-461b-90e4-c0e7d31e5c20

Donald Trump · 15-06-2021 8:25pm

FFVII wrote: »

https://www.ft.com/content/c4d23ea3-0838-461b-90e4-c0e7d31e5c20

Thanks. But I don't have access to the FT anymore.

I used to have an institutional log in from a place I worked in up to a couple or years ago but then they moved to SSO last year which meant my password was no longer any use

(They must have forgotten to remove my account from their FT subscription after I left the place)

SortingYouOut · 15-06-2021 9:36pm

Donald Trump wrote: »

Thanks. But I don't have access to the FT anymore.

I used to have an institutional log in from a place I worked in up to a couple or years ago but then they moved to SSO last year which meant my password was no longer any use

(They must have forgotten to remove my account from their FT subscription after I left the place)

If you enter it from Google, you'll get one read of it. That link won't work but searching for it and going in that way will.

FFVII · 15-06-2021 9:51pm

Donald Trump wrote: »

Thanks. But I don't have access to the FT anymore.

I used to have an institutional log in from a place I worked in up to a couple or years ago but then they moved to SSO last year which meant my password was no longer any use

(They must have forgotten to remove my account from their FT subscription after I left the place)

https://www.google.com/search?q=microstrategy&client=firefox-b-d&source=lnms&tbm=nws&sa=X&ved=2ahUKEwin-t7owZrxAhXIX8AKHcwaBaMQ_AUoAXoECAEQAw&biw=1280&bih=595

MicroStrategy triples down on bitcoin

Donald Trump · 15-06-2021 10:47pm

Ah. I forgot to try the redirect-from-google soft paywall trick.

There is more information as to what I asked in this one actually

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwiKqoOby5rxAhULD8AKHS0TDZcQFjABegQIAhAE&url=https%3A%2F%2Fwww.ft.com%2Fcontent%2Fc4d23ea3-0838-461b-90e4-c0e7d31e5c20&usg=AOvVaw3ZWU9aHWuG6NGxHq5CFx-G

Seems the debt is secured against the company's regular assets. The crypto assets themselves are parked into a separate vehicle.

Seems like madness to me. Unless the company is sitting on massive cash balances - which I suspect it probably isn't. I wouldn't personally want to have a portfolio with a high concentration of equity of that company!!!

I had a google then to see what their credit rating was and Moodys has them as ba3 which is speculative grade https://www.moodys.com/research/Moodys-assigns-B3-CFR-to-MicroStrategy-outlook-stable--PR_448144 . Anyone know if your man's bitcoin activities have impacted ratings? I'd assume they would have had to?

I would suspect that he is happy to risk making the company equity somewhat of a proxy for cryptocurrency maybe to get money in from asset managers who don't have mandates to invest in it directly...........

FFVII · 15-06-2021 10:53pm

Moody's

............
..................
...................

Those dots are tea leaves. Better for your financial well being over moody. Read them.

FFVII · 15-06-2021 10:55pm

Donald Trump wrote: »

Ah. I forgot to try the redirect-from-google soft paywall trick.

There is more information as to what I asked in this one actually

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwiKqoOby5rxAhULD8AKHS0TDZcQFjABegQIAhAE&url=https%3A%2F%2Fwww.ft.com%2Fcontent%2Fc4d23ea3-0838-461b-90e4-c0e7d31e5c20&usg=AOvVaw3ZWU9aHWuG6NGxHq5CFx-G

Seems the debt is secured against the company's regular assets. The crypto assets themselves are parked into a separate vehicle.

Seems like madness to me. Unless the company is sitting on massive cash balances - which I suspect it probably isn't. I wouldn't personally want to have a portfolio with a high concentration of equity of that company!!!

I had a google then to see what their credit rating was and Moodys has them as ba3 which is speculative grade https://www.moodys.com/research/Moodys-assigns-B3-CFR-to-MicroStrategy-outlook-stable--PR_448144 . Anyone know if your man's bitcoin activities have impacted ratings? I'd assume they would have had to?

I would suspect that he is happy to risk making the company equity somewhat of a proxy for cryptocurrency maybe to get money in from asset managers who don't have mandates to invest in it directly...........

Same link i sent you

Donald Trump · 15-06-2021 11:01pm

FFVII wrote: »

Moody's

............
..................
...................

Those dots are tea leaves. Better for your financial well being over moody. Read them.

Well those guys are looking at the books over time. They don't have to be perfectly accurate, and nobody expects them to be, but you can get an indication from them. Especially for relative movements over time. As you may or may not know, most shops have internal ratings anyway. But they will also benchmark internal scales against external ones.

This article says S&P Global gives the notes a B- rating https://seekingalpha.com/news/3704770-sp-global-ratings-assigns-ccc-icr-to-micostrategy (There is a soft paywall as well but before it switches on you can see about 2 paragraphs down)

I was just interested to see what they were at in terms of rating and whether your mans strategy had affected them. I don't have time, or enough interest, to go through any filings myself. I'm not going buying them so I don't really care.

Donald Trump · 15-06-2021 11:02pm

FFVII wrote: »

Same link i sent you

oh was it, maybe I pasted the wrong one.

One was "Micro Strategy doubles down" and the other was "Micro Strategy triples down"

There was a link on the one you sent to the other one.

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=newssearch&cd=&ved=2ahUKEwilz6GdyprxAhWSi1wKHa6WBBIQxfQBMAB6BAgLEAM&url=https%3A%2F%2Fwww.ft.com%2Fcontent%2Fc4d23ea3-0838-461b-90e4-c0e7d31e5c20&usg=AOvVaw3ZWU9aHWuG6NGxHq5CFx-G

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjs6d31yprxAhVlR0EAHd4hA1UQFjAAegQIAxAD&url=https%3A%2F%2Fwww.ft.com%2Fcontent%2F34ec1a8e-97c1-49d8-ab83-a9bcb47b340d&usg=AOvVaw0d6qKg-o2BjjnPSNsym5_u

One More Toy · 18-06-2021 2:02pm

Anyone have any links to a good primer re:yield farming?

Potatoeman · 18-06-2021 2:50pm

I don’t know why people listen to Elon Musk. It’s like people forget: https://www.sec.gov/news/press-release/2018-226

https://sec.report/CIK/0001494730/Insider-Trades

Bob24 · 18-06-2021 3:38pm

Potatoeman wrote: »

I don’t know why people listen to Elon Musk. It’s like people forget: https://www.sec.gov/news/press-release/2018-226

https://sec.report/CIK/0001494730/Insider-Trades

I think many people (and even algos) don't really give any credibility to what he is saying, but yet they follow his tweets because he managed to become the most influential market troll ever (so even if you think he is a bit of a clown, you can still make money acting on his tweets). A bit like Dave Portnoy, but richer, longer lasting and more elaborate.

It might not end well, but ATM I think this is the situation.

Potatoeman · 18-06-2021 4:03pm

Bob24 wrote: »

I think many people (and even algos) don't really give any credibility to what he is saying, but yet they follow his tweets because he managed to become the most influential market troll ever (so even if you think he is a bit of a clown, you can still make money acting on his tweets). A bit like Dave Portnoy, but richer, longer lasting and more elaborate.

It might not end well, but ATM I think this is the situation.

He’s shilling Doge and obviously heavily invested in it. If that tanks and regular people lose money then he’ll lose his cheerleaders. If that hate spills over to Tesla and SpaceX then the SEC might be after him again and that could be the least of his worries.

cnocbui · 18-06-2021 4:08pm

Potatoeman wrote: »

He’s shilling Doge and obviously heavily invested in it. If that tanks and regular people lose money then he’ll lose his cheerleaders. If that hate spills over to Tesla and SpaceX then the SEC might be after him again and that could be the least of his worries.

Tesla has substantial holdings of bitcoin. Musk only sold 10% to get Tesla over the line. He will be back to shilling that whenever Tesla needs some more profits when another loss from making cars is looming.

Potatoeman · 18-06-2021 4:31pm

cnocbui wrote: »

Tesla has substantial holdings of bitcoin. Musk only sold 10% to get Tesla over the line. He will be back to shilling that whenever Tesla needs some more profits when another loss from making cars is looming.

Those sales don’t show on exchanges so we have to take his word for it.

18-06-2021 4:48pm

One More Toy wrote: »

Anyone have any links to a good primer re:yield farming?

Stick him at 1.5 speed

https://www.youtube.com/watch?v=T9xoXwrt-Sw

cnocbui · 18-06-2021 4:49pm

Potatoeman wrote: »

Those sales don’t show on exchanges so we have to take his word for it.

Given it was announced by the CFO of Tesla officially, it most likely happened unless the CFO is feeling like answering an SEC please explain and facing penalties for misleading the markets.

bfa1509 · 18-06-2021 5:14pm

Looks like it's going to be a nervy week for Ethereum. There will be over 1.5 billion worth of options contracts for $2200 (currently at 2221) expiring this time next week (25th June). If it doesn't pick up before then we're in for some dark days ahead.

https://ambcrypto.com/why-is-june-25-critical-for-ethereum/

Yet another reason bitcoin and ether need to detach for the sake of those who are holding either or both.

fritzelly · 18-06-2021 5:17pm

bfa1509 wrote: »

Looks like it's going to be a nervy week for Ethereum. There will be over 3 billion worth of options contracts for $2200 (currently at 2221) expiring this time next week (25th June). If it doesn't pick up before then we're in for some dark days ahead.

https://ambcrypto.com/why-is-june-25-critical-for-ethereum/

Yet another reason bitcoin and ether need to detach for the sake of those who are holding either or both.

Only nervy for those that are not holding Eth

massdebater · 18-06-2021 8:33pm

Picked up more Eth at $2150, that's me pretty much maxed out now

Potatoeman · 18-06-2021 9:10pm

cnocbui wrote: »

Given it was announced by the CFO of Tesla officially, it most likely happened unless the CFO is feeling like answering an SEC please explain and facing penalties for misleading the markets.

Fair enough.

Everone is talking about Elon when Vitalik gave his sh*t coin to COVID relief in India. I like Elon for what he’s achieved but really don’t want to see someone topping themselves over doge.

Thargor · 18-06-2021 9:17pm

massdebater wrote: »

Picked up more Eth at $2150, that's me pretty much maxed out now

Brought my trading pile back up to full an hour ago aswell.

BrandonBay86 · 19-06-2021 12:58am

massdebater wrote: »

Picked up more Eth at $2150, that's me pretty much maxed out now

Every week I say that’s me maxed out but then I remember it’s not possible to stop accumulating.

massdebater · 19-06-2021 1:51am

BrandonBay86 wrote: »

Every week I say that’s me maxed out but then I remember it’s not possible to stop accumulating.

Not my first time saying it either! Getting close to 10% of everything I own is in eth, don't want to go much higher than that.

Can't help but feel like the delay in the eth 2.0 rollout has been good for ethereum with no one else really taking full advantage.

Thought Binance would step up but they've had some shadiness going on, Polygon looked good as a layer2 but had issues during the week, Cardano/Polkadot/Algo/others look promising but have been slow to get going too.
If the ethereum upgrades work like they're meant to, it's hard to not see it being even more dominant

FFVII · 19-06-2021 12:01pm

massdebater wrote: »

Not my first time saying it either! Getting close to 10% of everything I own is in eth, don't want to go much higher than that.

Can't help but feel like the delay in the eth 2.0 rollout has been good for ethereum with no one else really taking full advantage.

Thought Binance would step up but they've had some shadiness going on, Polygon looked good as a layer2 but had issues during the week, Cardano/Polkadot/Algo/others look promising but have been slow to get going too.
If the ethereum upgrades work like they're meant to, it's hard to not see it being even more dominant

https://www.coindesk.com/wrapped-btc-bitcoin-supply

grindle · 19-06-2021 5:03pm

FFVII wrote: »

https://www.coindesk.com/wrapped-btc-bitcoin-supply

Those are phenomenal numbers.

The number of bitcoins locked on the Ethereum blockchain via wrapped bitcoin...has increased to a record 189,000 BTC

Hopefully someday it can compete with Lightning Netw...oh.

sparrowcar · 21-06-2021 11:24am

Great bargains to be had in the Monday morning sales..... :rolleyes:

shawki · 21-06-2021 11:58am

sparrowcar wrote: »

Great bargains to be had in the Monday morning sales..... :rolleyes:

Gotta get that $40 ICP! :pac:

Dohnjoe · 21-06-2021 11:59am

sparrowcar wrote: »

Great bargains to be had in the Monday morning sales..... :rolleyes:

Oh I'm waiting, will wait through the half-price sales too. Just interested in the fire sales and liquidations.

Are we excited yet?

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