Not a bad idea..... .. and even if we could not get everyone to buy a whole BTC, then maybe we could get some to buy more and some to buy as much as they can.. .. such as 0.1 BTC to 5 BTC, and then hope that the median would be somewhere close to 1 BTC.. and sure maybe we could get some pressure on the exchanges, in terms of there not be as many BTC as they claim to have.

How many of us do you think would be capable of participating in such a campaign to buy  decently large amounts of BTC and remove them off the exchange?  More than 21 million?   Many of us already know that so many of the 3rd parties (whether exchanges or otherwise) do not hold nearly as many BTC as they claim to have, and if the BTC price goes UP while they are shorting bitcoin then they are fucked.. but if the price goes down while they are borrowing against their bitcoin they are also fucked... there are two ways to get fucked... but still a decent number of them have still been able to hide that they have been and continue to swim naked (or near naked).

The loan aspect of your proposal is dangerous, but not so dangerous if the person getting the loan is not reliant upon the BTC price to go up in order to service the loan.. and if they are able to service the loan no matter which direction the BTC price goes (including down), then the loan aspect would not be adding very much risk to the situation, so long as such individuals know how to properly calculate "ability to service."


You will find that almost every single person who got reckt from their leveraging bitcoin this year came from their having had bet on the BTC price either going up or not going down below a certain price point.  That's called gambling, and using leverage to gamble allows for the amount of price move (or mistake) to be quite a lot less in order for total or near total Reckdom.


Who gives any shits about the Chinese?  Crypto sharks are in all locations, and also using peoples bitcoin to gamble and also not having as many bitcoin as they claim to have.. There are a lot of sharks and they are in all locations... You have likely already seen a decent amount of sharkening within some institutions in the West, and I would not put it past Coinbase to be engaged in such sharkening.. including their relationship with Blackrock will likely increase rather than decrease the sharkening.. but perhaps frequently make it difficult to prove from outsiders.. even though claims will be made.. but is there a court that will hear the matter, and won't the Blackrock attorneys beat you to death before you even get in front of a judge with your claim(s)?


Now you are getting specific.  Which Chinese crypto shark are you referring to?  It sounds as if you are referring to someone, and even suggesting that "crypto" and bitcoin are connected... Specify your point more clearly... or are you just referring to some vague mythical creature that we should fear?  Do Kwon? or someone else?


As far as I know, there were other culprits besides chinese people who are currently on the run.. or somewhat on the run.. or are you referring to the two 3 arrow capital guys?  or the Celsius Ceo who just resigned.. Alex Mashinsky (that's not a Chinese name, by the way).. oh I had to look it up.. Kyle Davies and Su Zhu (cofounders of 3AC.. maybe both of them are chinese.. is that who you are talking about?) Whatever "mess" that bitcoin might be in with the ongoing corrections from overleveraged capital (miners were doing the same thing, no? and miners are all over the world) still does not sound like a Chinese phenomena to me.


That's weird.

Fucking shitcoiners are co-opting the "nocoiner" term and not even using it properly..

Wait wait wait...

Unless she was suggesting that his use of the term "crypto" revealed him as a no coiner, then that's somewhat brilliant.

Next thing they will have to do is say "fuck shitcoiners" but on TV they might have to use some characters in there.. something like "f#*@ s&#@coiners"

Hm?  I don't necessarily want to know your BTC stash size, but you have been registered on the forum since May 2017 - which would have been in the heat of the forkening wars and just prior to bcash split, so just think about how many BTC you could have gotten during that time period - as compared to now.. something like 1/10th the price of today's prices.   

If you are talking about getting 1 BTC this year, then presumably that would have been 1 additional BTC to add to your stash, and you are suggesting that BTC prices are too high to get 1 BTC? 

I would think that a lot of us were thinking that BTC prices would never return below $20k absent some kind of a wick or just a weird blip, and instead we are spending a whole hell of a lot of time below $20k, which would seem to be bargain prices.. and even staying below the 200-week moving average should seem to be bargain prices for anyone who actually has been attempting to study bitcoin while being into bitcoin for more than a year or two... which seems to be your case, hostm, based on your forum registration date.


Maybe Lucius is understanding the seemingly contradictory nature of your assertions (hostm) better than I am?

Each of us has to figure out whether we perceive bitcoin to currently be a bargain or not, and to attempt to accumulate as many BTC as we reasonably can do without recking ourselves by failing to adequately cover our own expenses and to make sure that we have enough cashflow (income) coming in to be able to justify how much we buy and/or if we leverage how much we are able to leverage without recking our lil selfies in the process.

And another good point made by Lucius is the time value of bitcoin, even though sometimes it can seem that some of us might have bought too many BTC when prices were higher than they are at currently, but there still remains a certain value in persistently buying BTC, even if some of the BTC you bought might have been at prices quite a bit higher than current BTC prices... It's the idea of time in the market rather than timing the market.. even though sometimes in the early years of accumulation it may well fell as if you have been spinning your wheels and you see some newbies getting into BTC at cheaper prices than your average price per BTC...  I believe that over time the persistent BTC accumulator is quite likely to come out ahead, so long as s/he does not over do it and cause himself/herself an unnecessary self-reckening.


I think that ToxicMoxic sums up the situation fairly well (advantages of long terms HODLers to make our beds early.. and to maintain such bed) in his Sunday Haiku.. ... which seems to be suggesting that our strategies likely take a while to pay off whether we are accumulating bitcoin or accumulating fiat, and once we go down either one of those paths, it can take a decent amount of time to change paths (if we were planning to change paths).



Resized because mRTHroo seems to have "ISSUES"..ie.. he seems to need rotz of attention

Why so BIG?  You need attention?  The contents of your posts are more important than the posts of others here?

Observing 19,589@Stamp.

A very good article for a lazy Evening.


Bitcoin Is Digital Scarcity




Have a nice read Gang!

LOL, every weekend's conversation with my wife, but it seems like I am not alone in this  , this current difficulty epoch is having a pace of 111% so far, which means, roughly 20,000 of the newest gears were added just in the past 7 days.

Now as far as BTC price goes, the stock market had a terrible close below the low of June, so this week is likely going to be bloody red for all markets, possibly a drop to 17.5k support in 1-2 weeks, stay strong.

The next BTC is BTC.

Stop searching google for which coin is going to be "the next BTC". You're already invested in it.