BITCOIN

DannyCarey

mooneysaver said:

Frequentlyhere said:

mooneysaver said:

Anyone heard any updates? Last mesage I saw was the LP was compromised and then radio silence.

I don't know why I bothered but I googled this rather cryptic (ba-boosh) message. I think @mooneysaver is referring to a "hack" of Safemoon's liquidity pool.

To be blunt, I think the update probably is that this is not a thread about Safemoon and that Bitcoin fanatic or cynic alike, no-one cares about Safemoon.

Hmmm, you think its a hack but some people saying its a code exploit. What Youtubes are you guys getting your updates from.

@dannycarey any discussions of this at Nike?

Why would I know what's going on at Nike? I don't work there..

mooneysaver

Well that's the response issued, cane out very quickly. Any idea who the undustry partners mentioned in the last paragraoh are?

mooneysaver

No response yet, seems like an unusually long time to wait. Any idea whether they're going to involve any industry partnersin their response?

mooneysaver

So is the consensus now that TUSD is a better bet than USDT? What's the easiest way to exchange in large volumes?

Malthusian

mooneysaver said:

So is the consensus now that TUSD is a better bet than USDT? 

Remind me what you win if either bet comes off? "You win the real dollar you gave them back." And? "That's it." Wow, such returns, many lambo.

aaj123

Quietest period seen in a long time for Bitcoin market (and Ethereum) with exceptionally low volatility. 

My take - as has been the case so often before, some super returns will be on the table from here in a two year time frame or so but as usual the refrain then from most will be that folks who bought in 2023 got lucky with their gamble. 

Malthusian

3 year volatility of FTSE World: 12.3
3 year volatility of FTSE Conventional Gilts Index: 10.2
3 year volatility of MSCI World Small Cap: 14.2
3 year volatility of Bitcoin: 72.01

The future of extremely low volatility!

My take - as has been the case so often before, some super returns will be on the table from here in a two year time frame or so but as usual the refrain then from most will be that folks who bought in 2023 got lucky with their gamble. 

And the folks who buy their bags in 2025 and pay for their super smashing returns with their losses? "Paper hands, didn't do their research, shouldn't have invested money they couldn't afford to lose, etc."

Where have I heard this before? Oh right, two years ago in this very thread. What happened then? To shreds you say. And their risk-free 10%pa interest on stablecoins? To shreds you say.

aaj123

Malthusian said:

3 year volatility of FTSE World: 12.3
3 year volatility of FTSE Conventional Gilts Index: 10.2
3 year volatility of MSCI World Small Cap: 14.2
3 year volatility of Bitcoin: 72.01

The future of extremely low volatility!

My take - as has been the case so often before, some super returns will be on the table from here in a two year time frame or so but as usual the refrain then from most will be that folks who bought in 2023 got lucky with their gamble. 

And the folks who buy their bags in 2025 and pay for their super smashing returns with their losses? "Paper hands, didn't do their research, shouldn't have invested money they couldn't afford to lose, etc."

Where have I heard this before? Oh right, two years ago in this very thread. What happened then? To shreds you say. And their risk-free 10%pa interest on stablecoins? To shreds you say.

So don't buy our bags...But nevertheless they will get bought. Its fundamentally the nature of a scarce asset and how the market for the same behaves. It cannot but be any other way. Cause any amount of buying however gradual reduces the amount left for sale and will cause unreasonable spikes. Its a feature not a bug.

This is what we mean by saying that folks who cannot see this natural progression just don't understand. Or rather that 'few understand'!

Qyburn

aaj123 said:

My take - as has been the case so often before, some super returns will be on the table from here in a two year time frame or so but as usual the refrain then from most will be that folks who bought in 2023 got lucky with their gamble. 

That would be correct wouldn't it? If the price rises as you predict, the big winners will be those who haven't held Bitcoin before so didn't suffer from previous losses. Or people who time the market by their Bitcoin when the price is high, waiting for the price to plummet before buying back in.

People doing that don't want a stable value, or consistent growth, they need volatility with big drops as well as big rises.

aaj123

Qyburn said:

aaj123 said:

My take - as has been the case so often before, some super returns will be on the table from here in a two year time frame or so but as usual the refrain then from most will be that folks who bought in 2023 got lucky with their gamble. 

That would be correct wouldn't it? If the price rises as you predict, the big winners will be those who haven't held Bitcoin before so didn't suffer from previous losses. Or people who time the market by their Bitcoin when the price is high, waiting for the price to plummet before buying back in.

People doing that don't want a stable value, or consistent growth, they need volatility with big drops as well as big rises.

Nope. Very different for me who just buys regularly with fixed fiat amounts without so much as looking at the price. Don't care about volatility or spikes at all, only about accumulating a stack of scarce asset that by nature will become more valuable over time.