Do You BitCoin?

[Chef Jim]

1 hour ago, John Adams said:

 

You make a lot of triangles, Ws, and Ms on Twitter. Not interested in being your 450th follower and you filling my feed with posts no one comments on. 

 

Tell us when you make your LONG buys (when it's going up, right? Am I doing this right? Buy long when it's going up?) right when they happen. Just do it here. You spent two paragraphs telling us how brilliant you are. Just asking for proof. Let's see it. Make a resume right here at OTW. 

 

And no, one list of trades, who knows how filtered, is not proof. Nor is a spreadsheet with numbers adding up to $19K. (I guess that's supposed to wow me?). 

 

If you feel the need to brag, bring the proof. Or don't. Your call. 

 

I would feel 1000000000000x more confident in @Chef Jim managing my money than following your tips, and he can't stand me!

Oh I can stand you.  Is that your motive?  To get me to not be able stand you?  Now that’s weird. 

[John Adams]

1 hour ago, Big Turk said:

 

I discuss football on here 99% of the time.  I discuss crypto on twitter 99% of the time.  

 

Didn't filter anything, it's a direct list of trades from Kucoin futures. I have no interest in managing anyone's money, nor do I care if they want to listen to what I am saying.  Go put your money in bonds and get that safe 1% interest for all I care.  I'm planning to leave my software engineering job by summer and trade futures full time.  Far more profitable and a lot more fun. And I am f***ing phenomenal at it.

 

If you don't like it, too bad.  I'm not here to please you.  You want the info that's how you get it.  Or don't. No sweat off my back bro, you are the one asking me. This isn't Burger King, you don't get to have it your way.

 

I hear you are a lawyer, anon.  Probably like the dude from Better Call Saul.

 

It's so flattering that people are talking about me behind my back! 

 

Thank you to my anonymous fan club. That's not creepy at all. 

 

Back to you though, you laid out your D for measurement

 

A lot of people think it's easy and never put the time or the hard work into learning and honing their craft and just do it Willie Nillie. That's not me. If I go into something I am all in. I learn everything I can about it, I put the time and effort into it and I study it as much as I can. Then I test out what I learn, make mistakes, refine it, go back and test it out, make different mistakes, not the same ones, and continue until I make fewer and fewer mistakes. 

 

And I am a quick study in pretty much anything I do. I have good instincts with this tho...even from the first time I started I was able to see and identify things pretty quickly and while I made a lot of early mistakes, a lot of what I thought would happen did happen. I didn't have the full understanding of the market makers and the whales manipulate prices in crypto and how to detect it most times like I do now...crypto operates with different rules than the stock market does. But once you know those rules you can make money far more rapidly than with stocks.

 

You seem to not want to back that up on here. All talk.

 

28 minutes ago, Chef Jim said:

Oh I can stand you.  Is that your motive?  To get me to not be able stand you?  Now that’s weird. 

 

I'm just trying to keep your heart beating Jimbo. 

Edited February 22, 2022 by John Adams

[DrDawkinstein]

WTF is going on in here? PPP too slow for you guys today?

[Big Turk]

23 minutes ago, John Adams said:

 

It's so flattering that people are talking about me behind my back! 

 

Thank you to my anonymous fan club. That's not creepy at all. 

 

Back to you though, you laid out your D for measurement

 

A lot of people think it's easy and never put the time or the hard work into learning and honing their craft and just do it Willie Nillie. That's not me. If I go into something I am all in. I learn everything I can about it, I put the time and effort into it and I study it as much as I can. Then I test out what I learn, make mistakes, refine it, go back and test it out, make different mistakes, not the same ones, and continue until I make fewer and fewer mistakes. 

 

And I am a quick study in pretty much anything I do. I have good instincts with this tho...even from the first time I started I was able to see and identify things pretty quickly and while I made a lot of early mistakes, a lot of what I thought would happen did happen. I didn't have the full understanding of the market makers and the whales manipulate prices in crypto and how to detect it most times like I do now...crypto operates with different rules than the stock market does. But once you know those rules you can make money far more rapidly than with stocks.

 

You seem to not want to back that up on here. All talk.

 

 

I'm just trying to keep your heart beating Jimbo. 

 

All about that action bro. I'll let you do the talking...what lawyers do best...talk around in circles and say nothing of note.

[Chef Jim]

38 minutes ago, DrDawkinstein said:

WTF is going on in here? PPP too slow for you guys today?

Ask JA.  He dragged me over here.  He’s got a thing for older guys. 🤷🏻‍♂️

[John Adams]

14 minutes ago, Chef Jim said:

Ask JA.  He dragged me over here.  He’s got a thing for older guys. 🤷🏻‍♂️

 

As an old guy, I am in full support of old guys. 

33 minutes ago, Big Turk said:

 

All about that action bro. I'll let you do the talking...what lawyers do best...talk around in circles and say nothing of note.

 

Oh no, a lawyer insult after a naked internet flex that you refuse to back up here. 

 

We're done. 

 

You like it DrDawk! 

[Big Turk]

5 hours ago, John Adams said:

 

As an old guy, I am in full support of old guys. 

 

Oh no, a lawyer insult after a naked internet flex that you refuse to back up here. 

 

We're done. 

 

You like it DrDawk! 

 

You were done before you even started

[Augie]

35 minutes ago, Big Turk said:

 

You were done before you even started

 

Please don’t take this personally, because it it not meant that way. I know some very smart people who are sure that they are smarter than you. People with eight figure net worths, and up.  And I’ll bet you think you are smarter than them. I have no idea. That could be. 

 

If you think it’s easy, I’m afraid you are missing something. You can argue it’s not “easy”, but I’m too good at it to come out on the wrong end. It’s a rigged game. It really is, IMO. I’d hate to see you hurt badly by a game with no rules, but clearly you are already decided. 

[Big Turk]

12 minutes ago, Augie said:

 

Please don’t take this personally, because it it not meant that way. I know some very smart people who are sure that they are smarter than you. People with eight figure net worths, and up.  And I’ll bet you think you are smarter than them. I have no idea. That could be. 

 

If you think it’s easy, I’m afraid you are missing something. You can argue it’s not “easy”, but I’m too good at it to come out on the wrong end. It’s a rigged game. It really is, IMO. I’d hate to see you hurt badly by a game with no rules, but clearly you are already decided. 

 

I get that it's rigged. In fact, I KNOW it's rigged.  But when you understand how the market makers think and how they manipulate price to get people to commit liquidity, then you can play the same game as they are and understand the moves they are setting you up for, then just trade it. Am I always going to be right? Nope.  But I don't need to be.  I am right far more than I am wrong. And using stop losses, when I lose, it's a small amount, and when I win it is a much bigger amount. I see the pattern, I trade the pattern.  People want to make it out to be some mystifying thing but it really isn't.  The answers are in the patterns and when used with the right indicators along with volume, it gives you a pretty good idea of what's going to happen, many times well in advance of it actually happening.  

 

At the end of the day, the market makers don't care about how much a Bitcoin is worth.  They only care about how to get people to commit liquidity, and then how to take it from them.  When in doubt, always assume price will move towards where the most liquidation points are.

 

range, 3 hits to the upside, peak formation, 3 hits to the downside and repeat.

 

Trader's Reality youtube channel and indicators are worth their weight in gold for this purpose.

 

Edited February 23, 2022 by Big Turk

[Augie]

1 minute ago, Big Turk said:

 

I get that it's rigged. In fact, I KNOW it's rigged.  But when you understand how the market makers think and how they manipulate price to get people to commit liquidity, then you can play the same game as they are and understand the moves they are setting you up for, then just trade it. Am I always going to be right? Nope.  But I don't need to be.  I am right far more than I am wrong. And using stop losses, when I lose, it's a small amount, and when I win it is a much bigger amount. 

 

At the end of the day, the market makers don't care about how much a Bitcoin is worth.  They only care about how to get people to commit liquidity, and then how to take it from them.  When in doubt, always assume price will move towards where the most liquidation points are.

 

Replace “them” with YOU. Then you have an accurate picture. You are not immune. It’s a scam, IMO, and they can scam even you when they want to.

 

Sorry, you are a minnow loving life. Don’t get me wrong, I wish you all the best, but I’ve seen this sh!t before in many other fields. I’m not playing that Ponzi game. 

[Big Turk]

4 minutes ago, Augie said:

 

Replace “them” with YOU. Then you have an accurate picture. You are not immune. It’s a scam, IMO, and they can scam even you when they want to.

 

Sorry, you are a minnow loving life. Don’t get me wrong, I wish you all the best, but I’ve seen this sh!t before in many other fields. I’m not playing that Ponzi game. 

 

I'm not immune, but I understand the game they are playing and the rules, which gives me an advantage over 90% of the other people.  My results speak for themself, and they will continue to improve as I hone my system.

[Augie]

3 minutes ago, Big Turk said:

 

I'm not immune, but I understand the game they are playing and the rules, which gives me an advantage over 90% of the other people.  My results speak for themself, and they will continue to improve as I hone my system.

 

I have a college buddy who sold the family business. Had a boat load of cash. Went to day trading and did well for a while. He’s now in index funds. He learned his lesson. 

 

No offense but, what concerns me most is how smart you think you are. 

 

I don’t say this to insult you, but hopefully to create some self awareness.  I doubt it sinks in, sadly. 

[Big Turk]

11 minutes ago, Augie said:

 

I have a college buddy who sold the family business. Had a boat load of cash. Went to day trading and did well for a while. He’s now in index funds. He learned his lesson. 

 

No offense but, what concerns me most is how smart you think you are. 

 

I don’t say this to insult you, but hopefully to create some self awareness.  I doubt it sinks in, sadly. 

 

I am a self-taught software engineer, who got a job in the industry with no prior professional experience and no CS degree at the age of 40, doing what virtually every IT recruiter said was impossible.  I don't think I am smart, I AM smart.  Really smart.  Smart enough to know what I don't know and then go learn everything  I can about it from people who have done it for a long time and who are very successful at it. 

 

The patterns you see as a software engineer in code are the same type of patterns you see in the charts. Somehow, apparently they are not easy for others to see. I can't help that. I am often flabbergasted when others are incredulous in asking how I saw that, because I am equally incredulous in wondering how they didn't. To me it's obvious as if someone was holding up a giant sign in crowd.  To them, there is no such sign, just a sea of people that all look the same.

 

I obsess over this stuff...I eat, breathe and sleep it. The amount of work I have done in the last year and time and effort I have put into this would be the equivalent of 5-6 years for other people. 

 

Sorry if you can't accept that, but it's the truth.  I've never lost in my entire life by betting on myself, and I don't intend to start now.  But I can assure you, a lot of other people have lost betting against me, and they will continue to do so.

Edited February 23, 2022 by Big Turk

[Augie]

13 minutes ago, Big Turk said:

 

I am a self-taught software engineer, who got a job in the industry with no prior professional experience and no CS degree at the age of 40, doing what virtually every IT recruiter said was impossible.  I don't think I am smart, I AM smart.  Really smart. Smart enough to know what I don't know and then go learn everything  I can about it from people who have done it for a long time and who are very successful at it. 

 

The patterns you see as a software engineer in code are the same type of patterns you see in the charts.  They are easy for me to see.  Somehow, apparently they are not easy for others to see. I can't help that.  

 

I obsess over this stuff...I eat, breathe and sleep it. The amount of work I have done in the last year and time and effort I have put into this would be the equivalent of 5-6 years for other people. 

 

Sorry if you can't accept that, but it's the truth.  I've never lost in my entire life by betting on myself, and I don't intend to start now.  But I can assure you, a lot of other people have lost betting against me.

 

That does not impress me any more than anything I could read from countless confident (a/k/a cocky) people.

 

But I do SINCERELY wish you all the best.  I mean that! I really do. 

 

EDIT: If you think we are betting AGAINST you, I think you are just making stuff up. We don’t care enough to be that invested, I’m guessing.

 

Your success or failure has nothing to do with my lifestyle. I’m good, thx. 

 

 

. 

Edited February 23, 2022 by Augie

[Big Turk]

14 minutes ago, Augie said:

 

That does not impress me any more than anything I could read from countless confident (a/k/a cocky) people.

 

But I do SINCERELY wish you all the best.  I mean that! I really do. 

 

If I limited myself to only doing or being what others believed I could do or be, I would never have accomplished 90% of what I have in my life so far.  I have every reason to be confident, I get results in every thing that I have ever done. People are afraid to fail, but they don't understand that your greatest successes are born out of learning from those failures.  To me, the biggest fail is never trying to achieve anything in life because you are too scared of not succeeding. I don't allow fear to limit what I believe is possible, nor do I allow it to freeze me into inaction.

Edited February 23, 2022 by Big Turk

[Augie]

1 minute ago, Big Turk said:

 

If I limited myself to only doing or being what others believed I could do or be, I would never have accomplished 90% of what I have in my life so far.  I have every reason to be confident, I get results in every thing that I have ever done. People are afraid to fail, but they don't understand that your greatest successes are born out of learning from those failures.  To me, the biggest fail is never trying to achieve anything in life because you are too scared of not succeeding.

Very cool! Love the sentiment!

 

It doesn’t make crypto your savior is all I’m saying. 

 

I got to retire in my 50’s. I didn’t have to win the lottery or make money for nothing and cash out at the right time on crypto. 

 

We like to play it smart. 

[Big Turk]

6 minutes ago, Augie said:

Very cool! Love the sentiment!

 

It doesn’t make crypto your savior is all I’m saying. 

 

I got to retire in my 50’s. I didn’t have to win the lottery or make money for nothing and cash out at the right time on crypto. 

 

We like to play it smart. 

 

I'd say you like to play it slow.  I'd prefer to get from point A to point B in the quickest time possible. 

Edited February 23, 2022 by Big Turk

[Augie]

2 minutes ago, Big Turk said:

 

I'd say you like to play it slow.  I'd prefer to get from point A to point B in the quickest time possible. 

 

I’d say I got to point B early, and you are taking the risky and tainted path that may not get you there. 

[Big Turk]

5 minutes ago, Augie said:

 

I’d say I got to point B early, and you are taking the risky and tainted path that may not get you there. 

 

Only because you don't understand that it isn't as risky as you think.  Stop losses are your friends.

[Augie]

1 minute ago, Big Turk said:

 

Only because you don't understand that it isn't as risky as you think.  Stop losses are your friends.

 

You are competing against the most brilliant minds on the planet. And you expect to win in the long run. I wish you well. 

 

Bernie Madoff sends regards. 

[TBBills]

7 hours ago, Augie said:

 

You are competing against the most brilliant minds on the planet. And you expect to win in the long run. I wish you well. 

 

Bernie Madoff sends regards. 

Hey man I just grab the crumbs that fall off the table.

[Big Turk]

16 hours ago, John Adams said:

 

As an old guy, I am in full support of old guys. 

 

Oh no, a lawyer insult after a naked internet flex that you refuse to back up here. 

 

We're done. 

 

You like it DrDawk! 

 

Here is a little nugget you can use on a daily basis...whatever direction the market is trending heading into US market open, trade the opposite after it opens. Usually it pumps into US market open, at least 85% of the time, it will dump right after open. easiest money you could ask for.

[John Adams]

It's good to see that Big Turk on the Bills message board figured everything out and is better at trading than the people who get paid millions to trade. 

 

A one in a hundred million talent in our midst. Just ask him: He claims he made $20K (!!!!) last month alone! 

 

This thread is comedy cold. 

[Jauronimo]

17 minutes ago, John Adams said:

It's good to see that Big Turk on the Bills message board figured everything out and is better at trading than the people who get paid millions to trade. 

 

A one in a hundred million talent in our midst. Just ask him: He claims he made $20K (!!!!) last month alone! 

 

This thread is comedy cold. 

The only comedy is coming from the crusty old timers who for whatever reason are deeply threatened by the idea of crypto trading and think any returns above your large cap index and bond fund must be a ponzi scheme.  

 

This isn't the right thread for your Dave Ramsey advice.  

[John Adams]

11 minutes ago, Jauronimo said:

The only comedy is coming from the crusty old timers who for whatever reason are deeply threatened by the idea of crypto trading and think any returns above your large cap index and bond fund must be a ponzi scheme.  

 

This isn't the right thread for your Dave Ramsey advice.  

 

Uhh, I'm not against crypto hoss. 

 

But I enjoy that the person who has figured everything out--how to make huge money in the market--something millions maybe hundreds of millions of people and computer AIs have tried to do...graces us with his presence to tell us how great he is. He sees what all these others cannot and he's here at OTW!

 

That's the comedy. 

Edited February 23, 2022 by John Adams

[Jauronimo]

7 minutes ago, John Adams said:

 

Uhh, I'm not against crypto hoss. 

 

But I enjoy that the person who has figured everything out--how to make huge money in the market--something millions maybe hundreds of millions of people and computer AIs have tried to do...graces us with his presence to tell us how great he is. He sees what all these others cannot and he's here at OTW!

 

That's the comedy. 

The crypto market operates much differently than equity markets. Your comparisons to traditional equity markets are way off.  There are no fundamentals, no earnings releases, no EPS targets, no cash flows, its almost 100% actively traded, theres no regulations, no watchdogs. 

 

The guy says he has a setup that he trades to grind out daily profits and showed you the results.  I understand you don't want to make love to Big Turk on a private beach.  We all do.

[Teddy KGB]

40 minutes ago, John Adams said:

 

Uhh, I'm not against crypto hoss. 

 

But I enjoy that the person who has figured everything out--how to make huge money in the market--something millions maybe hundreds of millions of people and computer AIs have tried to do...graces us with his presence to tell us how great he is. He sees what all these others cannot and he's here at OTW!

 

That's the comedy. 

The comedy is in your meltdown. 
 

Big T keeps dunking all over you.  
 

 

[DrDawkinstein]

Not sure what is going on in @John Adams life that he felt the need to pop in and derail and trash a thread, and attack another poster over something the thread isnt really about. But hope all is well.

 

Weird he originally picked on Turk and me, but didnt feel the need to engage me after I gave a real response. Likely because he doesnt understand it, I guess.

 

Oh well. Hang in there @John Adams. It's a long offseason.

[John Adams]

19 minutes ago, DrDawkinstein said:

Not sure what is going on in @John Adams life that he felt the need to pop in and derail and trash a thread, and attack another poster over something the thread isnt really about. But hope all is well.

 

Weird he originally picked on Turk and me, but didnt feel the need to engage me after I gave a real response. Likely because he doesnt understand it, I guess.

 

Oh well. Hang in there @John Adams. It's a long offseason.

 

I didn't see anything you said to me Dr. 

 

And as to Turk, I called him out for telling everyone how great he is. That's all. 

 

He won't share what he does, even his long buys that he says he makes. So I think he's well exposed, but I see the predictable crowd rushing to his defense.   

 

 

[Hapless Bills Fan]

On 2/22/2022 at 9:53 AM, John Adams said:

 

Are you trying to set a Twitter record for posts where no one responds? 

 

Again, record your predictions here. Flex up bro!

 

On 2/22/2022 at 10:20 AM, Big Turk said:

Pfft. Go run your schtick somewhere else bro.  I'm setting a record for people who listen to me makin dollars...up about 4K today. Probably more than what you make in 3 months at your job flipping burgers.

 

Got nothing to say other than weak ass sh!t cause I just shut you up with results. Results talk, bullsh!t walks. Start walking.

 

I respectfully suggest that when folks go 1:1 back and forth more than 2 or 3 times, they either

1) drop it, because usually the rest of the thread doesn't want to read your back-and-forth

2) take it to PM, for the same reason

 

Thanks

[Hapless Bills Fan]

2 hours ago, Jauronimo said:

The only comedy is coming from the crusty old timers who for whatever reason are deeply threatened by the idea of crypto trading and think any returns above your large cap index and bond fund must be a ponzi scheme.  

 

This isn't the right thread for your Dave Ramsey advice.  

 

I put some links up earlier from a bunch of young techie types who feel crypto is a ponzi scheme.

I haven't been back because it's not "a hill I want to die on",  and "crusty old timer" does, in fact, describe me, although it would be problematic to identify in what way I am "deeply threatened" by the idea of bright young people making money, or making more money than I.  Frankly, IME wealth envy is a young person's game, most of the "crusty old farts" I know regard successful young people as a Good Thing vs. young people in need of rehab services and/or debt counseling.

 

But to describe all those who are sounding an alarm on crypto as "crusty old timers" who are "deeply threatened" is not correct

 

 

 

This guy is not a crusty old timer and he has a lot to say, some of which may be exaggerated but much of which is, as far as I can tell, true.

 

And there has definitely been fraud involved, which the nature of crypto makes challenging to address

https://www.vice.com/en/article/epxakz/crypto-co-founder-revealed-to-be-infamous-fraudster-investors-shaken?fbclid=IwAR0TzejZTyPbMzBP-Fk_YDlTvdtXU4A-_N8IpYHxYc7fOBS__wk18mZt9Qw

 

https://thewalrus.ca/bitcoin-widow/

 

Bit your coins at your own risk

 

[Jauronimo]

1 minute ago, Hapless Bills Fan said:

 

I put some links up earlier from a bunch of young techie types who feel crypto is a ponzi scheme.

I haven't been back because it's not "a hill I want to die on",  and "crusty old timer" does, in fact, describe me, although it would be problematic to identify in what way I am "deeply threatened" by the idea of bright young people making money, or making more money than I.  Frankly, IME wealth envy is a young person's game, most of the "crusty old farts" I know regard successful young people as a Good Thing vs. young people in need of rehab services and/or debt counseling.

 

But to describe all those who are sounding an alarm on crypto as "crusty old timers" who are "deeply threatened" is not correct

 

 

 

This guy is not a crusty old timer and he has a lot to say, some of which may be exaggerated but much of which is, as far as I can tell, true.

 

And there has definitely been fraud involved, which the nature of crypto makes challenging to address

https://www.vice.com/en/article/epxakz/crypto-co-founder-revealed-to-be-infamous-fraudster-investors-shaken?fbclid=IwAR0TzejZTyPbMzBP-Fk_YDlTvdtXU4A-_N8IpYHxYc7fOBS__wk18mZt9Qw

 

https://thewalrus.ca/bitcoin-widow/

 

Bit your coins at your own risk

 

If you felt my post was aimed at you so be it.  Thats your issue to sort out.  

[Hapless Bills Fan]

8 minutes ago, Jauronimo said:

If you felt my post was aimed at you so be it.  Thats your issue to sort out.  

 

Not at me, personally, No, but "only comedy is coming from the crusty old timers who for whatever reason are deeply threatened by the idea of crypto trading and think any returns above your large cap index and bond fund must be a ponzi scheme" is very inclusive brush, would you not agree?

 

The point is, many people who think crypto is a ponzi scheme are not "crusty old timers"

Nor are "crusty old timers" generally (IME) threatened by other people's returns above large cap index

 

Other than these points and the above-mentioned caution to 2 guys to avoid extended 1:1s in public threads, I have no dog in this fight

If you want to make this personal and continue to tell me I have "issues to sort out", that can, of course, change.

 

 

[Jauronimo]

1 minute ago, Hapless Bills Fan said:

 

Not at me, personally, No, but "only comedy is coming from the crusty old timers who for whatever reason are deeply threatened by the idea of crypto trading and think any returns above your large cap index and bond fund must be a ponzi scheme" is very inclusive brush, would you not agree?

 

The point is, many people who think crypto is a ponzi scheme are not "crusty old timers"

Nor are "crusty old timers" generally (IME) threatened by other people's returns above large cap index

 

Other than these points and the above-mentioned caution to 2 guys to avoid extended 1:1s in public threads, I have no dog in this fight

If you want to make this personal and continue to tell me I have "issues to sort out", that can, of course, change.

 

 

I would not agree.  

 

There are at least two crusty old timers who are very clearly threatened by the idea of other people making fast returns.  If you aren't threatened by this idea then the logical conclusion is my post isn't directed toward you.  But you felt compelled to respond defensively so....

 

Like I said, thats for you to sort out.  I had no idea you had posted in this thread other than to issue a warning to Turk and Adams. 

 

You are confused as to who is making this personal.  Nice threats.

[DrDawkinstein]

People are right, and smart, to be weary of Crypto. I go into every new Crypto opportunity assuming it's a scam.

 

Yes, there are rug pulls. Yes, there is fraud. Yes, there is theft.

 

But there is also a TON of that, and on a much larger scale, with regular ol cash too. Plenty of manipulation in our stock market. Plenty of fraud and scams with classic financial institutions. The main difference being there is some regulation and policy which protects the little guy. Where as in Crypto, your loss is your loss.

 

All that said, there is still money to be made, and cool, legit projects to get involved with. And it's cool stuff from a tech and transition perspective as well. The projects I've mentioned (Helium, PlanetWatch, MapMetrics, etc) are taking a whole new approach to starting a business through the use of Crypto as "stock options".

 

So a lot more to discuss than just "day trading", if anyone is actually up for it.

[DrDawkinstein]

1 hour ago, Hapless Bills Fan said:

 

 

 

 

It's funny to see Bitcoin come under such heavy environmental scrutiny.

 

Any idea how much power is consumed every day by BoA keeping their branches open, lights on, with AC? Let alone their HQ buildings, their customer service Call Centers, and their IT Datacenters? And that's just one bank, in one country. Add in Wells Fargo, M&T, HSBC, BB&T, all the foreign banks, etc, etc, etc and there is way more energy being used and wasted by traditional financial institutions.

 

Any idea how much gas is used every day driving those big Brinks trucks around?

 

Any idea how much power is consumed by stock traders and the stock markets every day?

 

EVERYTHING uses a ton of power. Attacking BTC over it often comes off as naive or agenda-driven, imo. And I'm not even a big fan or holder of BTC.

 

[TBBills]

2 hours ago, Hapless Bills Fan said:

 

I put some links up earlier from a bunch of young techie types who feel crypto is a ponzi scheme.

I haven't been back because it's not "a hill I want to die on",  and "crusty old timer" does, in fact, describe me, although it would be problematic to identify in what way I am "deeply threatened" by the idea of bright young people making money, or making more money than I.  Frankly, IME wealth envy is a young person's game, most of the "crusty old farts" I know regard successful young people as a Good Thing vs. young people in need of rehab services and/or debt counseling.

 

But to describe all those who are sounding an alarm on crypto as "crusty old timers" who are "deeply threatened" is not correct

 

 

 

This guy is not a crusty old timer and he has a lot to say, some of which may be exaggerated but much of which is, as far as I can tell, true.

 

And there has definitely been fraud involved, which the nature of crypto makes challenging to address

https://www.vice.com/en/article/epxakz/crypto-co-founder-revealed-to-be-infamous-fraudster-investors-shaken?fbclid=IwAR0TzejZTyPbMzBP-Fk_YDlTvdtXU4A-_N8IpYHxYc7fOBS__wk18mZt9Qw

 

https://thewalrus.ca/bitcoin-widow/

 

Bit your coins at your own risk

 

You can say the same thing about anything,  hell America is a ponzi scheme that the rich control.

My buddy messed up minting a coin and still made $6k from it... ***** crazy right now.

[SoTier]

On 2/22/2022 at 11:30 PM, Big Turk said:

 

I am a self-taught software engineer, who got a job in the industry with no prior professional experience and no CS degree at the age of 40, doing what virtually every IT recruiter said was impossible.  I don't think I am smart, I AM smart.  Really smart.  Smart enough to know what I don't know and then go learn everything  I can about it from people who have done it for a long time and who are very successful at it. 

 

The patterns you see as a software engineer in code are the same type of patterns you see in the charts. Somehow, apparently they are not easy for others to see. I can't help that. I am often flabbergasted when others are incredulous in asking how I saw that, because I am equally incredulous in wondering how they didn't. To me it's obvious as if someone was holding up a giant sign in crowd.  To them, there is no such sign, just a sea of people that all look the same.

 

I obsess over this stuff...I eat, breathe and sleep it. The amount of work I have done in the last year and time and effort I have put into this would be the equivalent of 5-6 years for other people. 

 

Sorry if you can't accept that, but it's the truth.  I've never lost in my entire life by betting on myself, and I don't intend to start now.  But I can assure you, a lot of other people have lost betting against me, and they will continue to do so.

 

If you're so smart, why are you wasting so much time feuding with anonymous posters on a football message board ... over how smart you are?

[Warcodered]

23 hours ago, Hapless Bills Fan said:

 

Not at me, personally, No, but "only comedy is coming from the crusty old timers who for whatever reason are deeply threatened by the idea of crypto trading and think any returns above your large cap index and bond fund must be a ponzi scheme" is very inclusive brush, would you not agree?

 

The point is, many people who think crypto is a ponzi scheme are not "crusty old timers"

Nor are "crusty old timers" generally (IME) threatened by other people's returns above large cap index

 

Other than these points and the above-mentioned caution to 2 guys to avoid extended 1:1s in public threads, I have no dog in this fight

If you want to make this personal and continue to tell me I have "issues to sort out", that can, of course, change.

 

 

I mean is crypto a bunch of BS yeah at this point probably, is it possible to make money off of and are people doing that absolutely. It's more of a situation where someone is just going to end up being the one holding the bag of *****. Hell if they play their cards right it might end up being the Government(meaning tax payers) and the general population as a whole like with that recession BS.

 

21 hours ago, DrDawkinstein said:

 

It's funny to see Bitcoin come under such heavy environmental scrutiny.

 

Any idea how much power is consumed every day by BoA keeping their branches open, lights on, with AC? Let alone their HQ buildings, their customer service Call Centers, and their IT Datacenters? And that's just one bank, in one country. Add in Wells Fargo, M&T, HSBC, BB&T, all the foreign banks, etc, etc, etc and there is way more energy being used and wasted by traditional financial institutions.

 

Any idea how much gas is used every day driving those big Brinks trucks around?

 

Any idea how much power is consumed by stock traders and the stock markets every day?

 

EVERYTHING uses a ton of power. Attacking BTC over it often comes off as naive or agenda-driven, imo. And I'm not even a big fan or holder of BTC.

 

I mean you're not completely wrong but at the same time the idea that we're doing that to make digital tokens is some stupid ass *****.

[DrDawkinstein]

2 minutes ago, Warcodered said:

 

I mean you're not completely wrong but at the same time the idea that we're doing that to make digital tokens is some stupid ass *****.

 

Haha, absolutely. But as mentioned above, everything we do is pretty ridiculous. Was man really meant to be working in an office, staring at a computer screen, just to earn some faith-backed money in order to live? Crypto, while new and mysterious and weird, isn't all that much different than what we already have. The dollar is backed by faith, I don't ever receive cash, but rather the digital amount reflected in my online banking portal goes up every 2 weeks per the order of my employer with no real cash exchanging. I then move those numbers to other places to pay my bills.

 

I'll stop because I'm venturing into "I'm 14 and this is deep" edge-lord territory, and I only really believe a small part of it. But the point is, when you stop and pull back and look at so much of what we perceive to be these "concrete institutions", it's actually all ridiculous and built on a house of cards.