Crypto Currency

Discussion in 'West Mall' started by AC, Mar 25, 2020.

  1. iatrogenic

    iatrogenic 2,500+ Posts

    Bitcoin is not the internet, so the comparison is not relevant.
     
  2. AC

    AC 1,000+ Posts

    Blockchain is what compares to the internet. And will overtake it and make it obsolete. Bitcoin is created by miners and the ledger that tracks it is Blockchain. The list of Fortune 500 companies using the Blockchain to Store information is impressive. I’ll go find it.
     
  3. AC

    AC 1,000+ Posts

  4. iatrogenic

    iatrogenic 2,500+ Posts

    Bitcoin is not blockchain either.
     
  5. Driver 8

    Driver 8 smoooove

    salty.jpg
     
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  6. 4th_floor

    4th_floor From now on, I want you all to call me Loretta.

    How have I avoided ignoring you for this long?

    Corrected.
     
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  7. AC

    AC 1,000+ Posts

    I think Iatronic is Satoshi Nakamoto!
     
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  8. Dionysus

    Dionysus Cocky + Relaxed Admin

    @iatrogenic has fooled us all. He’s loading up on bitcoin and wants to keep the price down. I should have seen this earlier.
     
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  9. AC

    AC 1,000+ Posts

    Is his real name Jamie Dimon?
     
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  10. Driver 8

    Driver 8 smoooove

    If the greater fool theory is indeed in play then, given the considerable population of fools, only the greatest fool would not buy in and take advantage of the massive price appreciation brought about by this phenomenon
    This is game theory 101, kids
    All arguments in opposition to bitcoin have now been thoroughly and completely destroyed forever and you're welcome
     
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  11. AC

    AC 1,000+ Posts

    Now if we could get him to tip us off before he establishes a $10 Million leveraged short position and temporarily crashes the market! Of course it will now take a lot more than that to make a wave!
     
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  12. Driver 8

    Driver 8 smoooove

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  13. iatrogenic

    iatrogenic 2,500+ Posts

    Uh oooooooooohhhhhh....busted!! I think I have bought my limit at this point, so jump on in. The water is fine!
     
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  14. AC

    AC 1,000+ Posts

    If we we could just get Harvard, UT, Notre Dame and USC to add 3% BTC in their endowments. I’d be moving into my Grand Cayman Estate by Christmas! Dion’s would be a private island. Just kidding Dion. Now Calper, California Pension Endowment, if they moved over! :bow:
     
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  15. AC

    AC 1,000+ Posts

    I told y’all Iatronic was a smart guy!!
     
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  16. Driver 8

    Driver 8 smoooove

    2011 - over $11,000 per coin ago

    Xentagz_2020-Aug-11.jpg
     
  17. AC

    AC 1,000+ Posts

    upload_2020-8-11_12-38-55.jpeg
     
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  18. Driver 8

    Driver 8 smoooove

    December 2013
    MicroStrategy CEO Michael Saylor says bitcoin is going away


    saylor1.jpg



    August 11, 2020
    Michael Saylor buys $250M in bitcoin as Primary Treasury Reserve Asset

    MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset | MicroStrategy Incorporated


    saylor2.jpg

    “Our investment in Bitcoin is part of our new capital allocation strategy, which seeks to maximize long-term value for our shareholders,” said Michael J. Saylor, CEO, MicroStrategy Incorporated. “This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash.

    Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. MicroStrategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy.”
     
    Last edited: Aug 11, 2020
  19. AC

    AC 1,000+ Posts

    What difference 7 years makes!
     
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  20. AC

    AC 1,000+ Posts

    Guess I should never sell my Bitcoin until I buy land and sell my house to move there. I have been thinking about a sell strategy. I think it will be for major purchases only.
     
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  21. AC

    AC 1,000+ Posts

  22. Monahorns

    Monahorns 5,000+ Posts

    Dipped my toes into the water today on crypto. Thanks for the nudge guys.
     
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  23. AC

    AC 1,000+ Posts

    Great Monahorns. Stay away from the shitcoins.
     
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  24. Driver 8

    Driver 8 smoooove

    The MicroStrategy purchase of $250M in bitcoin is a big deal
    The biggest owners of the company are Wall Street firms BlackRock (7.4T AUM), Vanguard (6.2T AUM) and JPMorgan (2.4T AUM) and they must have had to sign off on this
     
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  25. AC

    AC 1,000+ Posts

    This is the end game

    Preston Pysh talked a lot about your comments Driver 8. He's a smart dude.
    Also, I heard Pierre Rochard on Pomp Podcast the other day. He's a Longhorn, said hook em horns on the Podcast. Smart guy, a real up and comer in Crypto Currency.
     
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  26. AC

    AC 1,000+ Posts

  27. Driver 8

    Driver 8 smoooove

    BRRRRRRRR

    bitstein_2020-Aug-14.jpg
    moneyprintergobrrr.gif
     
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  28. AC

    AC 1,000+ Posts

     
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  29. AC

    AC 1,000+ Posts

     

    Attached Files:

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  30. AC

    AC 1,000+ Posts

     
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