Froth Goth said..
I would hate to be doing this with like 100k$ just with 2k is nerve racking enough for me

Its like normal share trading on steroids. I started with $25K in 2016 and it's gone over 10x. Although I've been just slowly cashing out since 2021 so have realized over 6x gains and still have $50k in play and that's despite a few rug pulls.

I'm now all in eth and plan on staking that for a year, it earns about 3%. All free money, so I'll just sit on that to see how that goes. I think eth is under valued compared to btc. Anyway, that's just my bet.

The day trading was way too stressful for me and impossible to do accounting for tax, so I stopped that in 2018. Last two years have been phenomenal, and next year looks good, but eventually that bear market will come.

Bear markets are like bleak winters that last for years. So depressing pressing refresh every few hours for two years and being reminded each time about how much you could've had.

Yeah but now i gotto buy back in cause theyre clearly pulling cash and they dont trust the banks so im pretty sure theyll be going into btc... a good 2 to 3 % spread juuust low enough not to spook anyone hmmmmmnnn

Where else could they be going other then btc?? Its gotto be btc. Anyone whose worked in a gold mine knows golds worthless



* had a quick glance i was right about gold looks like thats also down alot but everyones jumped in on crude oil due to "wars"

2024 had the most elections gl?bally and the most wars since ww2 apparently so going to be alot of changes in 2025 with all these new governments

.... ahhh huh....

So real rap...

In porgera i didnt even have to pick the rocks up to know if there was gold in them i could tell just from kicking them a bit with my boot.

That was 1/3rd the entire countrys wealth and the geos quite clearly knew the entire mountain next to it was just as full of gold as the current open and under operation. And when i say mountain next to it i mean it we had huts to stay at because we needed a place to sleep cause it took that long to walk up it.

After that experience i really dont see gold being anymore valueable then dirt.

Theres alot of poor people who would take my oily old rags to sew together to make clothes that had ALOT of gold laying around. They would even take my ****ty thin plastic bags they gave us to carry our smoko in and use those bags for clothing socks etc. And they had PLENTY of gold.

I guess you just gotto experience it for yourself. But lets say you walk around and pick up half a dozen fist sized clumps of rock up there youll very very easily be able to tell that 2 of them have enough gold in them to make them feel twice as heavy as the other 4 after a few hundred hours you dont even have to pick them up can just boot em a bit

psa graded pikachu cards is where the real moneys at

Why did you stop saying Brother?!? It made me feel like i had a real connection to the bandanna bananaman your growing up too fast peace and love





Safety first and if your wondering why you cant find this on tineye / google images well i guess your gonna have to realise im crazy and telling the truth which goes a long way here as opposed to PRETENDING to be crazy and lieing

peacenlove said..
I guess all those tons of gold those banks and governments are buying are because it's "worthless".

Thanks for the ad-vice bro.

Aged like milk

They dont always BUY the worthless gold








Lets play a game of hypotheticals....

If i couldnt sell my 380million worth of bitcoin.... cause no one was buying it.... but i still HAD to get 380 million worth somehow...

Could i.... and remember this is a game of hypotheticals here.... could i have it stolen and then have that value reimbursed in some convoluted way ? Maybe thru insurance? From .... who? ... some sort of...bank? Insurance company owned by a bank? Maybe a government or something??

Hmmmmm crazy old froth and his worthless gold THEORY

Just imagine what would happen to bitcoin once that one gets out to the boomer "investor" class

I can gladly explain that for you but might be easier to just read this

forums.overclockers.com.au/threads/can-someone-please-explain-to-me-what-folding-home-is.1030174/

I was one of the biggest folders in australia waaaaay before bitcoin and essentially if you understand the worth of folding the? you should be able to understand the reward of folding/bitcoin

Carantoc said..
From a gambling perspective it is just another horse in the race, probably no better or no worse than any other.

You mean like betting on the ASX?

Compared to BTC, how has the ASX faired, over the last year, last two years, 5 years or last 10 years?

Do the maths, make your charts and compare.

Have you still got those rocks in your shoes?

Maybe you need to put some sharper rocks in them to remind you on every step you take.

Some bets are better than others. This thread is proof of that, and it feels satisfying to shout and remind the naysayers:
#YOUWEREWRONG
#ITOLDYOUSO

Bitcoin is a proof of concept that a distributed ledger works just fine, so that's something positive about it.
And it uses so much power that it justifies keeping a good few coal mines going.

I asked ai and heres what she spat out maybe thatll help


Bitcoin and Folding@home are two vastly different projects with distinct goals.
Folding@home
Folding@home is a distributed computing project that focuses on simulating protein folding to better understand diseases like Alzheimer's, Parkinson's, and cancer. Volunteers contribute their computing power to simulate complex protein dynamics, which helps researchers gain insights into the underlying biology
Bitcoin
Bitcoin, on the other hand, is a decentralized digital currency that uses cryptography and a peer-to-peer network to enable secure, transparent, and censorship-resistant transactions. Bitcoin's underlying technology, blockchain, relies on complex mathematical calculations to validate transactions and secure the network.
*Bitcoin's Mathematical Calculations*
Bitcoin's mathematical calculations are primarily focused on:
1. *Hash functions*: Bitcoin uses cryptographic hash functions (e.g., SHA-256) to create a digital fingerprint of transactions. This helps ensure the integrity and immutability of the blockchain.
2. *Elliptic Curve Cryptography (ECC)*: Bitcoin employs ECC to secure transactions and control the creation of new units. ECC relies on complex mathematical calculations to ensure the secure exchange of information.
3. *Proof-of-Work (PoW)*: Bitcoin's PoW consensus algorithm requires miners to solve complex mathematical puzzles to validate transactions and create new blocks. This process involves finding a hash that meets certain criteria, which requires significant computational power.
While both Folding@home and Bitcoin involve complex mathematical calculations, they serve different purposes. Folding@home focuses on scientific simulations, whereas Bitcoin's calculations are primarily aimed at securing its decentralized network and enabling trustless transactions.

Froth Goth said..
i cant tab out of this box on phone so ill write in bold its actually solveing math. In a simular way to folding did

Pointless maths.

I get how a decentalised system solving DNA mutations may help cure Parkinsons. Or how solving maths might mean a more efficent hospital is built or a better understanding of the relationship between cow farts and african potato yeilds is made.

But bitcoin solving isn't real maths.

'cause solving math to create a new bitcoin is just solving a riddle. The maths only actually results in a bitcoin because thats how the bitcoin riddle was configured in the first place. It could have been configured differently then completly different maths would produce exactly the same bitcoin reward as the prize. And that ain't how real maths works. That's how riddles and brain teasers work.

But it isn't even a good riddle. Because it is just finding a random sequence. And you find it by random. Nobody is calculating what the next one is, they are just guessing random numbers.

Ain't no maths skill or even critical thinkin' needed for that.

^^^^ Is that a better return than tulip bulbs made?

myscreenname said...
El Salvador is up over 100% on it's bitcoin purchases since 2021

It is also up more than 100% on its national debt in the last 10 years.

And its $560M bitcoin holding builtup since 2021 doesn't quite pay its monthly trade deficit of $900M.

So that is +$560M and -$43,200M.

They say gamblers only focus on the wins.

myscreenname said...
El-Salvador adopted bitcoin in 2021. It's gone up more than 100% on it's purchase price so how has their currency experiment been an 'abject failure'?

Because the assessment of how much the value of bitcoin has changed against the dollar has nothing to do with its usefulness as a currency.

In fact, one of the primary requirements for a currency is that it remains stable. Stable against work-effort, but also reflective of any gain or loss in productivity.

I see the average cost of a bitcoin transaction is currently about $2. Remember a couple of weeks ago a big four bank was going to charge people $2.50 to withdraw their cash (from a limited number of certain account types), and the public was up in arms, politicians were saying they would change the law, the bank backed down and responsible managers got fired.

What if every single transaction you made with your currency cost $2 ? If my curley wurley I bought from Mr Patel cost me $0.99 with a $2 transaction surcharge, you reckon it is somehow "better" than giving Mr Patel my $1 coin ?

I guess the very limited amount of use in bitcoin for everyday transactions is a pretty sure sign of its failure as a currency in El Salvador. The initial uptake, driven in part no doubt by curiosity and in part by the free $30 hand out if you opened a wallet seems to be the vast majority of the very small amount of use it has actually had. Spend your free thirty bucks worth of bitcoin, then go back to real money, is what seems to have happened.

You seem to be finding it hard to seperate the concept of bitcoin as a currency and bitcoin as a gambling product. I don't doubt El Salvador's government or central bank's luck in gambling in bitcoin in the last few years. I am sure it has been better than their gamble in many other things. But that has nothing to do with its usefulness as a currency.

Yeah right-o. Cricket has finshed, so I am off to beddy-byes, but just one last word tonight:

How is a bitcoin or bitcoin EFTs any different exactly ?

These failures of the global banking system you refer to don't have much to do with transactional currencies. They are driven by gambling on the value of the currency. Or more accurately gambling on what gamblers will do when central banks do something when people gamble.

And somehow now a bitcoin EFT, which enables gambling on the gambling of the gambling is the solution ?

You wanna fix the global banking system you wouldn't touch the transactional currency side of things. You'd fix the gambling and the speculating. How is bitcoin, nothing but a gamble and a failed transactional currency gonna fix that ?

This all sounds a lot like the notion that the solution to the 'GFC' was to pump more debt into the market, the market that just exploded due to too much debt.

"Unabated gambling on the dollar in order to get something from nothing is gonna kill us all - so let's create a whole new something from nothing and gamble even more on that" !!

But looks, I can see that when you are gambling on more people being sucked into the hype you gotta hype the hype, don't feel bad about it...

Oh i have no intention of doing anything but maybe afford a shower in my van. Home ownership wont happen for me in my lifetime.
I definitely wont be fixing the financial system hahahaha

BUT

Im just trying to show you how BAD the current one is.

Like its completely unbelievable and i always wondered why they never taught any of us about it in school. But once you see it for yourself even have a little play yourself you can quickly se? how its all just so so sooooo heavily manipulated.

Theres literal tradeing practices where you close all your trades within 6 hours so start with zero and finish with zero. Every day. Thats a day trader. And they do that because its the only way to ensure the bloody owner of the company theyre invested in doesnt get caught doing blow with a tranny or even worse says something mean on facebook to a cat.

Another group of traders will trade purely on HEARING the news. They know it doesnt have to be truth it just has to be spread so if a soccer player says he twisted his ankle during world cup match cause his new reeboks suck then these guys will instantly place puts on reebok theyll buy calls on nike and theyll make a fortune. Cause some bloke blamed his tools cause he felt embaressed on tv

Once you see this stuff play out over and over and over again you realise just how insanely manipulated it all is.

Dont even get me started on nancy pelosi and copy tradeing where you literally just mimic ridiculously blatent politicians who are insider tradeing from memory i think stephen lynch? Is at something like 900% for his trades in the last year... pretty easy to be a stock broker when your the one giving the contracts to the companys you choose so you invest in them heavily first.

Now all that **** is like... pretty much free and accesable to anyone imagine how corupt it is when you have guys with billions and billions of dollers who can buy out the remaining float just to make they?e competeing billionair who put insane bets on a stock that it would go down. By doing this bilionair A is essentially takeing alllllll of billionair Bs money ....

So they work together.

We are so so so insignificantly small in all of this i can sooner comprehend the universe then how much money there is wrapped up in all the exchanges in the world

But i do know one thing and that is its infinitely corrupt and controlled and manipulated the sec talking about the dark pools is just bonkers

BUT

BITCOIN! WAAAAAAAAYYYY LESS BULLL****

Bitcoin is like a glass of clean water compared to the fettid penguin **** laden rockpool water that is the nysx and everything that goes on there.

Why do you think they keep banging on about free speech in america? Elon musk and X etc etc podcasts etc youtube censorship etc ???

ITS ALL ABOUT CONTROLLING THE MARKET

this isnt happening in bitcoin....

And bitcoin doesnt need these
www.sec.gov/investor/pubs/regsho.htm

Anyways markets nearly open i gotto get back in