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Merged Bitcoin - Part 3

marting said:
For those interested in Bitcoin mining, there are regular public companies engaged in it as it's rather capital intensive. Public companies have to publish regular, audited reports that provide really deep detail on their operations. Good way to understand the drivers and vested interests behind Bitcoin as well as understand Bitcoin itself.



Update to a shelf registration:

https://www.sec.gov/Archives/edgar/data/827876/000119312524080832/d793236d424b5.htm
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The communities who depend on bitcoin have legitimate interests, but bitcoin is wedded to the power complex.
America's 30 trillion debt is backed by future energy, mainly coal and oil. Bitcoin is hitching a ride.
 
Samson said:
The communities who depend on bitcoin have legitimate interests, but bitcoin is wedded to the power complex.
America's 30 trillion debt is backed by future energy, mainly coal and oil. Bitcoin is hitching a ride.
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I get your drift but it's more like the energy sector is hitching a ride to bitcoin mining.

Bitcoin mining is the one aspect of bitcoin that produces net income. And mining has the incentive to plug bitcoin. Rather ingenious of Satoshi.
 
marting said:
I get your drift but it's more like the energy sector is hitching a ride to bitcoin mining.

Bitcoin mining is the one aspect of bitcoin that produces net income. And mining has the incentive to plug bitcoin. Rather ingenious of Satoshi.
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There is a phenomenal podcast, decouple, which explains things with real researchers and experts.
It is Nate Hagens I think who explains it, not bitcoin per se, but how the whole thing pans out in the future.
 
marting said:
Bitcoin is now $71,665. Up over 8% today. Ether is up 20%.

Hmm.
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Honestly it's pretty impressive how often Samson is wrong. You'd think even with his guesses "technical analysis" it would be at worst a little lower than flipping a coin but somehow he manages to beat the odds and get it wrong so often that I almost want to play markets doing the opposite of whatever he suggests.
 
The_Animus said:
Honestly it's pretty impressive how often Samson is wrong. You'd think even with his guesses "technical analysis" it would be at worst a little lower than flipping a coin but somehow he manages to beat the odds and get it wrong so often that I almost want to play markets doing the opposite of whatever he suggests.
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I wasted a lot of time keeping track of their predictions in another thread. The results were indistinguishable from chance.

If I was the only person on the planet with a working TA algorithm I wouldn't be wasting time debating with people on a small internet forum, I'd be making money hand over fist instead.
 
The Don said:
I wasted a lot of time keeping track of their predictions in another thread. The results were indistinguishable from chance.

If I was the only person on the planet with a working TA algorithm I wouldn't be wasting time debating with people on a small internet forum, I'd be making money hand over fist instead.
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They weren't that good. :D
 
novaphile said:
Except for the ones that said: "Bitcoin is going to go up or down or remain stable."

I do miss the: "Frabble gabble gibble gobble so buy now." posts though.
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The Don wasn't referring to the bitcoin threads. He was referring to this thread and this thread.

He was being very generous when he claimed that Samson's predictions in those threads were as good as random chance.
 
trustbutverify said:
Is there an expiration date on this advice, or are you just going to show up during the next inevitable downturn and declare yourself a genius?
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Warren Buffet always says it will end badly.
If he buys crypto I will close out my notional shorts, but my current view is the game is finished.
Crypto is the only tech stock that delivers nothing to the slavish street walkers behind Aristotle.
 
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Samson said:
Warren Buffet always says it will end badly.
If he buys crypto I will close out my notional shorts, but my current view is the game is finished.
Crypto is the only tech stock that delivers nothing to the slavish street walkers behind Aristotle.
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You didn't answer the question.
 
I am not sure why they have to tax crypto because it is backed by nothing. Trump is saying that he will deregulate it.
 
MinnesotaBrant said:
I am not sure why they have to tax crypto because it is backed by nothing.
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Crypto currency is a "digital asset" (you can sell it for USD).

Even if it wasn't considered a "real" asset, you can be sure that the tax man will say it is so that they can tax any capital gains you might make on its sale.
 
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