holmanjp
Thegn (3,741)
Aug 10, 2019
Valhalla
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Post by holmanjp on Jan 30, 2021 14:37:39 GMT -6
ℕ𝔼𝕆ℕ ℝ𝔼𝕍𝕆𝕃𝕋 ℕ𝔼𝕆ℕ ℝ𝔼𝕍𝕆𝕃𝕋 @neonrevolt 2m · · WallStreetBets $DOGE is a sad pump-n-dump. I was very active, early on in Bitcoin. To the point where I ran ASIC miners in order to mine BTC. When BTC became unprofitable, I switched to DOGE just cause it was a compatible blockchain and I wanted to see what it could do. I mined hundreds of thousands of DOGE (which was only worth like... 170 bucks at the time), but the point is... it was EXCEPTIONALLY easy to mine Doge - AND THAT WAS PART OF THE JOKE. The supply cap on Doge is laughable, and it's incredibly EASY to get more. You could probably mine several thousand doge in a short while ON YOUR CPU right now, if you wanted. And what you've had with Doge is basically a 7 year bear market from its peak, with memelords with literally nothing better to do mining during that whole duration. There is a circulating supply of 128 BILLION Doge out there. You better believe that Doge whale memelords who have been mining for seven years are going to take a big, fat dump on the market the second that thing hit 5 cents. 7 cents was a momentary blessing for them - since they had been mining and FRACTIONS of a cent. It's not going to a dollar. Get that out of your head right now. It's not going to be the next GME. It's just not. There's literally no reason for it to. GME has massive shorting going on, leading to a compounding reaction known as a Gamma Squeeze. There will be no Gamma squeeze for Doge. What you saw in Doge was the result of dumb Tiktokkers and literal porn stars falling for a pump and dump scam. Doge started as a joke; as a literal clone of bitcoin with some parameters changed in order to basically just meme and mess around. It was never a serious currency - even back when it was launched. Look, the altcoin space is highly speculative to begin with, but the best bets in that space right now are probably: $ADA $RSR $LGCY $HTHR $DOT $UNI $AAVE $YFI I'm not going to explain these coins or what they do, so don't ask. Some have competing functionality. Do your own DD. But please, don't fall for the Doge meme. Doge is a joke. It's a popular pump coin. Never a bad idea to have some laying around after it gets below a penny again.
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holmanjp
Thegn (3,741)
Aug 10, 2019
Valhalla
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Post by holmanjp on Jan 30, 2021 15:58:29 GMT -6
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holmanjp
Thegn (3,741)
Aug 10, 2019
Valhalla
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Post by holmanjp on Jan 30, 2021 16:04:18 GMT -6
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holmanjp
Thegn (3,741)
Aug 10, 2019
Valhalla
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Post by holmanjp on Feb 7, 2021 8:45:50 GMT -6
A dollar today is worth more than a dollar tomorrow. A Satoshi today is worth less than a Satoshi tomorrow. Buy Bitcoin, because of math. pbs.twimg.com/media/DzE4CddWsAA6mPz.jpgNot Financial advice.
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holmanjp
Thegn (3,741)
Aug 10, 2019
Valhalla
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Post by holmanjp on Feb 7, 2021 15:24:50 GMT -6
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holmanjp
Thegn (3,741)
Aug 10, 2019
Valhalla
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Post by holmanjp on Feb 8, 2021 8:46:42 GMT -6
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holmanjp
Thegn (3,741)
Aug 10, 2019
Valhalla
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Post by holmanjp on Feb 8, 2021 14:45:07 GMT -6
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holmanjp
Thegn (3,741)
Aug 10, 2019
Valhalla
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Post by holmanjp on Feb 8, 2021 23:06:32 GMT -6
By now everyone should know Elon Musk became the richest person in the world, with a net worth of more than $185 billion, according to CNBC calculations. Jan 7, 2021
He just bought $1.5 billion worth of Bitcoin.
He has let the cat out of the bag. Others company's will race to buy in also. Why you ask?
Eli is smart, be prepared to buy Tesla stock after quarter reports come out, if BTC is lower than the 40k ish he bought at.
Just an example with numbers rounded off for easy math. When I say he/his it's Tesla.
Q1 Tesla 400 million earning, lets say his 1.5 billion in BTC is only worth 1.2 billion. Now he can show earnings of only 100 million. If/when wall street chants he was an idiot for buying BTC stock price will go down.
Q2 Tesla again 400 million earnings. This time BTC goes back to where he bought at. Now he shows earnings of 700 million. 400 million plus 300 million (BTC from 1.2 b back to 1.5 b)
Now when his BTC is worth more than 1.5 b lets say it only doubles to 3 billion. He shows no gains until he sells it, even though his assets increased 1.5 billion.
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holmanjp
Thegn (3,741)
Aug 10, 2019
Valhalla
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Post by holmanjp on Feb 9, 2021 12:56:50 GMT -6
Is Apple going to out do Tesla?
Chatter is Apple will transfer 2.5% of its Fiat to Bitcoin $5 billion worth. Even if they only do 1% that $2 billion.
Investing cash on hand So Apple has been no doubt researching and planning on what do to with Bitcoin/crypto for some time. As far as Apple investing its own cash on hand, I think it’s a no-brainer. 1% of that would be $2 billion and would be an easy way to start. It probably wouldn’t alarm Wall Street/traditional investors being such a low percentage and with Tesla and Apple both investing in it, the moves would spur many more companies to do the same. The 1% mark would be in line with Apple’s financial M.O.
I don’t think Apple is likely to put a large portion of its cash into Bitcoin in one move – like Michael Saylor might advocate. But it could put itself in position for huge gains if it moved say even 5 or 10% of its $207 billion in cash to Bitcoin. But with a history of being financially conservative, Apple may make a bigger initial bet on this next aspect of crypto…
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Norseman
Thegn (3,074)
Apr 21, 2018
Valhalla
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Post by Norseman on Feb 9, 2021 14:44:35 GMT -6
Yep, this is one of the punch lines. If I buy an S&P 500 index fund, I'm indirectly investing in bitcoin to the extent that the companies within the index have bitcoin holdings.
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holmanjp
Thegn (3,741)
Aug 10, 2019
Valhalla
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Post by holmanjp on Feb 9, 2021 19:10:33 GMT -6
Aaple ($AAPL) may be announcing a 5 billion dollar bitcoin ($BTC) purchase soon, in preparation for a crypto wallet app launch. Five billion purchase would probably pump Bitcoin over six figures a coin: www.zerohedge.com/commodities/apple-about-announc
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Norseman
Thegn (3,074)
Apr 21, 2018
Valhalla
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Post by Norseman on Feb 9, 2021 19:50:16 GMT -6
Aaple ($AAPL) may be announcing a 5 billion dollar bitcoin ($BTC) purchase soon, in preparation for a crypto wallet app launch. Does this mean that I'll need that extra $1 tip for getting my hair cut in about four more weeks?
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OkieDokie
Surviving
Jarl (22,857)
Feb 5, 2017
Valhalla
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Post by OkieDokie on Feb 9, 2021 20:07:24 GMT -6
Link is broken but figured I’d post the twit anyways
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OkieDokie
Surviving
Jarl (22,857)
Feb 5, 2017
Valhalla
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Post by OkieDokie on Feb 9, 2021 20:08:59 GMT -6
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Norseman
Thegn (3,074)
Apr 21, 2018
Valhalla
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Post by Norseman on Feb 9, 2021 21:08:02 GMT -6
This is great fun. Kind of like watching the old Killer Whale show at Sea World. Tesla and Apple are certainly two of today's big whales. One time, an employee approached us in the stands and offered to let our (likely 3 or 4 year old) son be the one that got to sit on Shamu for a photo. This was before the whales got uppity and started killing each other. I'm like, "look dude, these are whales and I don't want me or my family anywhere close to the action." One flip of a fin/flipper (IDK) and we could be wiped out. Then, as now, I choose to stay out of the splash zone. But for you other brave souls, best wishes! Hope nothing worse happens than just getting a little bit wet!
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