ac04 said:

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if i feel the urge to gamble i will browse the lines my bookie has posted. bitcoin is not a game to me, i'm not in this space to screw around at all.

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So don't gamble on BTC. Buy a **** coin. Leverage a crypto loan. Invest in tiny but enthusiastic start-up coins. You can play in this space without risking investments you believe in.

ac04 said:

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RE: YOLO, if i feel the urge to gamble i will browse the lines my bookie has posted. bitcoin is not a game to me, i'm not in this space to screw around at all.

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you need to screw around to know what the best processes are when you need to actually be serious about it.

like cold storage, p2p transacting, how to use the lightning network, setting up a node or mining, learning to use the coding languages involved in bitcoin/blockchain projects so that you can actually contribute not just be an oblivious user and analyze the language used in smart contracts and/or other projects developed in the future.... imo people who can code and understand coding languages and can run code will be as well respected in the future as lawyers were in the not too distant past (someone who can actually protect you against untoward forces)

screw around so you know when you're getting screwed around. one of the best ways to learn is to treat it like a game or something fun. some games involve life and death, and are still fun til the end so screw around.

but yeah don't buy ****coins and try to be a trader (sorry for derailing the trading thread), waste of time and effort and think about all the new skills you could be learning instead that don't involve attempting to game the collective human psychology mixed with bots and ai and hype engines and extreme marketing...

and if you're not a bitcoiner or you like some other crypto project, do the same thing... **** off with prices and actually learn to build with whatever blockchain project you're pumping up. these projects are essentially the different essays and books that our forefathers were printing that ended up culminating in the war for independence and the constitution of the united states of america.... it's the same thing. the price mechanism serves to show relative value of that idea and it's actual effectiveness.


ramble ramble ramble, keep getting interrupted so im posting and bailing.

administrative errors said:

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Warren is attempting to ram bitcoin regs through infrastructure bill. Call your senators asap and tell them it's far to onerous.

Your grandma who bought bitcoin will essentially need to be registered as a broker.

https://www.coindesk.com/new-infrastructure-bill-looks-to-raise-30b-through-crypto-taxes?amp=1&__twitter_impression=true

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And this is where my fears posted way back at the beginning of this thread begin manifesting. It's gotten big enough that the government sees it as first a way to steal money from and later it will be to shut it down when they get their own solution.

F'ing basta^ds.

and burn down the codification of the country while they make their attempts, this results in it's own resolution.

Y'all into any alts?

Yukon Cornelius said:

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Y'all into any alts?

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Yes, Susan B Anthony's and Buffalo nickels are the currency of choice around here.

Yukon Cornelius said:

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Y'all into any alts?

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$LITH

Lithtoken.io

Alt szn is over for me. BTC, ETH and Monero.

I'm in 9 alts but only because our family may lose half of our income if I fudge the taxes and I refuse to pay any more short term cap gains to the federal govt. I'll hold until I hit a year or if one balloons to where I can't not sell.

I'm 100% DCA into BTC going forward have have been for a few months.

NTXAg10 said:

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I'm in 9 alts but only because our family may lose half of our income if I fudge the taxes and I refuse to pay any more short term cap gains to the federal govt. I'll hold until I hit a year or if one balloons to where I can't not sell.

I'm 100% DCA into BTC going forward have have been for a few months.

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I don't 100% understand this post but it sounds like you are betting your family's livelihood on a lottery ticket win. Y'all are some ballsy m'fers.

YouBet said:

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NTXAg10 said:

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I'm in 9 alts but only because our family may lose half of our income if I fudge the taxes and I refuse to pay any more short term cap gains to the federal govt. I'll hold until I hit a year or if one balloons to where I can't not sell.

I'm 100% DCA into BTC going forward have have been for a few months.

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I don't 100% understand this post but it sounds like you are betting your family's livelihood on a lottery ticket win. Y'all are some ballsy m'fers.

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you only YOLO once

Decay said:

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YouBet said:

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NTXAg10 said:

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I'm in 9 alts but only because our family may lose half of our income if I fudge the taxes and I refuse to pay any more short term cap gains to the federal govt. I'll hold until I hit a year or if one balloons to where I can't not sell.

I'm 100% DCA into BTC going forward have have been for a few months.

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I don't 100% understand this post but it sounds like you are betting your family's livelihood on a lottery ticket win. Y'all are some ballsy m'fers.

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you only YOLO once

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Clearly. Psychotic mentality though.

Everyone gets here with enough research h and less marketing consumption

I think eth is the better play

Play for what?

More price appreciation

Yukon Cornelius said:

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More price appreciation

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IE, to the moon!

Ah, not usefulness, but speculation play got it.

No. Better usefulness which will increase the price at a higher percentage than btc.

YouBet said:

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Decay said:

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YouBet said:

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NTXAg10 said:

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I'm in 9 alts but only because our family may lose half of our income if I fudge the taxes and I refuse to pay any more short term cap gains to the federal govt. I'll hold until I hit a year or if one balloons to where I can't not sell.

I'm 100% DCA into BTC going forward have have been for a few months.

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I don't 100% understand this post but it sounds like you are betting your family's livelihood on a lottery ticket win. Y'all are some ballsy m'fers.

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you only YOLO once

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Clearly. Psychotic mentality though.

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I'm not sure how you get to calling my investing mentality psychotic based on the information in my post. My post said that we'd be risking our livelihood if I fudged our taxes, which I am not doing. Meaning that I am accurately reporting all of my crypto trading activity on tax returns.

My post then says I'm holding all of my existing alts because I do not want to give Uncle Sam any more of my gains than I have to. I end with the suggestion that I am only going to buy BTC going forward and plan to convert my alt holdings to BTC after I get to long term cap gains(or if one spikes before then) because of the preceeeing sentence.

I appreciate the insult though.

YouBet said:

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My sincere apologies. I misread your original post.

I somehow interpreted that as you were putting all of your family income into 9 alts and that if you screwed the pooch on the taxes you were f'ed.

In my defense, I was a bottle of wine and one beer into the bag when I posted this last night. Lol.

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Fair warning. I'm about to start drinking. Post clearly and enunciate.

Me too. I'm starting dry August tomorrow.

Now the time to make your trades

Headed in the right direction.

I just woke up. Good god almighty. I think I'll hang up my drinking pants for a while.

YouBet said:

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I just woke up. Good god almighty. I think I'll hang up my drinking pants for a while.

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You got to go easy on that Boones Farm, ole boy!!!

Reminds me of the old saying... If you like it at 2500 why didn't you like it at 1500?

Good news is I'm still broke from buying the dip before the dip so I'm not in a position to FOMO... But I'm also not totally underwater either.

Ugh. I sold some shares of ETHE to buy the dip on AMZN on Friday. Luckily I still have ~$2k invested so tomorrow should be a good day, but still kicking myself.

What will this EIP-1559 do to the pricing of Etherum and ADA? Should I buy more now or will there be a dip after in launches tomorrow

ADA is a scam.

I'm thinking there will be a decent dump after eip155whatever either today, tomorrow, in a few days etc. it will likely be the cheapest eth we will see ever again unless some black swan event happens.