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Bitcoin technical analysis

  • #7,261
  • Apr 24, 2020 4:49pm Apr 24, 2020 4:49pm
Quoting Not-KPMG
Hi dumpfos. Oil? One Dollar up. Bitcoin 150 bucks up.... Remind me, why was bitcoin baaaaaaad ... I remember liars lying all day "Bitcoin baaaad for eeeeenvironment" Sheeple Here's little truth to chew on Any comments dumpfos ?? {image} {image}
More fake news; my President would be unhappy. What is relevant is the cost of mining Bitcoin in each country. Here is the cost by major countries such as Venezuela (cheapest cost of all). Is it fair to conclude that unlisted countries did not yet discover electricity
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  • #7,262
  • Edited 5:45pm Apr 24, 2020 5:26pm | Edited 5:45pm
Quoting Not-KPMG
Hi dumpfos. Oil? One Dollar up. Bitcoin 150 bucks up.... Remind me, why was bitcoin baaaaaaad ... I remember liars lying all day "Bitcoin baaaad for eeeeenvironment" Sheeple Here's little truth to chew on Any comments dumpfos ?? {image} {image}
Bitcoin accounts for just 0.4% of world currency circulation (1/250th).

If Bitcoin were to become the sole form of currency, (which it can't because it's supply is limited), and was processed in every commercial transaction, it's mining process would consume 45,750 GJ of energy

Nearly 20 times that of the banking industry and minting processes combined.

Bitcoin is valued at only 1.6% of total gold supply, but consumes over 36% of the combined energy of Gold mining and recycling

Compulsions can be hard to resist
  • #7,263
  • Apr 25, 2020 7:08am Apr 25, 2020 7:08am
I won't argue with cretins.....

I've done it before ..

Sick liars...
Beware of robber banks (RB), bad advisors.
  • #7,264
  • Apr 25, 2020 7:10am Apr 25, 2020 7:10am
Here's my stance....
Nuf' said
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Beware of robber banks (RB), bad advisors.
  • #7,265
  • Apr 25, 2020 7:50am Apr 25, 2020 7:50am
Many years ago this thread was TECHNICAL.

it was good...

It had intelligence....

Now it has dumpfochuks ... Destroyed this thread with lies and blaber...

Venzen left and 50% of intelligence is gone...

When I go the other 50% will be gone...

Good luck Sheeple. Baaaaaaad Biiiiiitcoin baaaaaa

Cryyyyyy
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Beware of robber banks (RB), bad advisors.
  • #7,266
  • Apr 25, 2020 8:25am Apr 25, 2020 8:25am
Quoting trumps
{quote} Bitcoin accounts for just 0.4% of world currency circulation (1/250th). If Bitcoin were to become the sole form of currency, (which it can't because it's supply is limited), and was processed in every commercial transaction, it's mining process would consume 45,750 GJ of energy Nearly 20 times that of the banking industry and minting processes combined. Bitcoin is valued at only 1.6%...
You are entirely correct. To extrapolate your statement gold is real money and Bitcoin is real garbage I'm not worried, Bitcoin will not only never become the sole form of currency in the world but will never become the national currency of a country. Already Bitcoin is banned in countries representing over 42% of the world's population and I think it will only grow since Bitcoin cannot be used in normal banking.
  • #7,267
  • Apr 25, 2020 8:39am Apr 25, 2020 8:39am
Quoting Not-KPMG
Here's my stance.... Nuf' said {image} {image}
Unlike you I'm polite so I will not call you a liar but misinformed. Your statement that Americans cannot open bank accounts overseas is totally incorrect. I'm American and I also have a bank account in Belgium, Canada, China, Cyprus and Luxembourg. Although I have a few worthless Bitcoins I also have CAD, CNY, EUR, GBP and of course USD. It's way better to protect your assets by having bank accounts in many countries and many currencies than rely on Bitcoins However I will not stop your Bitcoin dream since everyone can dream even if it's crap
  • #7,268
  • Apr 25, 2020 8:45am Apr 25, 2020 8:45am
Quoting Hutch
{quote} You are entirely correct. To extrapolate your statement gold is real money and Bitcoin is real garbage I'm not worried, Bitcoin will not only never become the sole form of currency in the world but will never become the national currency of a country. Already Bitcoin is banned in countries representing over 42% of the world's population and I think it will only grow since Bitcoin cannot be used in normal banking.
Bitcoin will make people money as an investment, until it is simply replaced by sovereign digital currencies.
This odd utopian thought that bitcoin can fix inflation, money printing, bailouts etc is similar to the narrow minded fantasies found in cult leader figures who feel they can control everything.

When challenged with facts, and questions on how it would actually work in the real world, they resort to hysterical blabber and propaganda posters as we have been witnessing for weeks now.

Many cult figures think they are just misunderstood geniuses...

Honestly, we have seen this all before throughout history.
Sometimes people's vision is legitimate and comes to fruition because it is based on sound principles and application with long term viability.

Other times, it is not...
Compulsions can be hard to resist
  • #7,269
  • Apr 25, 2020 9:25am Apr 25, 2020 9:25am
Quoting trumps
{quote} Bitcoin will make people money as an investment, until it is simply replaced by sovereign digital currencies. This odd utopian thought that bitcoin can fix inflation, money printing, bailouts etc is similar to the narrow minded fantasies found in cult leader figures who feel they can control everything. When challenged with facts, and questions on how it would actually work in the real world, they resort to hysterical blabber and propaganda posters as we have been witnessing for weeks now. Many cult figures think they are just misunderstood...
Bitcoin is illegal in China but now China is conducting an experiment to replace the Yuan by its own digital currency. Some people think that this new digital Yuan will be partially or totally backed up by physical gold. If this is the case I plan to replace the majority of my fiat currencies by digital Yuan since a currency backed by gold will eclipse fiat currencies only backed by hot air Unfortunately, Chinese laws prohibits private citizens from converting more than $50,000 a year in their currency.
  • #7,270
  • Apr 25, 2020 10:28am Apr 25, 2020 10:28am
. First picture


. Second
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Beware of robber banks (RB), bad advisors.
  • #7,271
  • Apr 25, 2020 12:42pm Apr 25, 2020 12:42pm
Quoting Not-KPMG
First picture Second {image} {image}
You posted the two pictures many times. I do the same sometimes but never 8 times like this one. To help you I post it again so now it's #9
You might want to find a new one that you never posted so we can all have a good laugh
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  • #7,272
  • Edited Apr 26, 2020 8:01am Apr 25, 2020 3:02pm | Edited Apr 26, 2020 8:01am
If you're here by mistake, and see all lies and confusion

U can visit a real, intelligent Bitcoin / crypto thread.

https://www.cryptocraft.com/showthre...3#post12900953

Liars not allowed
Beware of robber banks (RB), bad advisors.
  • #7,273
  • Apr 25, 2020 4:51pm Apr 25, 2020 4:51pm
Quoting Not-KPMG
If you're here by mistake, and see all lies U can visit a real, intelligent Bitcoin / crypto thread. https://www.cryptocraft.com/showthre...6#post12900666 Liars not allowed
Why are you ignoring 710 traders? There could be many answers to that question. The first one that comes to my mind is that you cannot accept the truth if it differs from yours even if your so called truth could be wrong. Like I said in post # 7,267 above, I will not call you a liar since politeness dictates that I say that you were misinformed about Americans not being able to open a bank account overseas. Another possible answer is that your mother and father did not teach you how to respect other people and their opinions but, even if I don't know them, I respect your parents too much to say that. Another possible answer is that something happened in your upbringing as a youth that made you distrust everyone that doesn't totally agree with you. Another potential answer is that you suffer from an inferiority complex and, as a result, you remained an eccentric tyke. There could be many more answers but it's up to you to find them. In any case I still respect you for what you are and would love to visit your so called "real, intelligent Bitcoin / crypto thread" if you gave me the opportunity to post my comments by stopping to ignore me
  • #7,274
  • Apr 25, 2020 4:53pm Apr 25, 2020 4:53pm
Bitcoin finished the day $11 up so not much happened
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  • #7,275
  • Apr 25, 2020 10:45pm Apr 25, 2020 10:45pm
Quoting Hutch
{quote} Bitcoin is illegal in China but now China is conducting an experiment to replace the Yuan by its own digital currency. Some people think that this new digital Yuan will be partially or totally backed up by physical gold. If this is the case I plan to replace the majority of my fiat currencies by digital Yuan since a currency backed by gold will eclipse fiat currencies only backed by hot air Unfortunately, Chinese laws prohibits private citizens from converting more than $50,000 a year in their currency.
same thing, private business is only useful place to do asset backed stable coins for same reasons monetary system today doesnt work. Its a stepping stone for market to choose between better digital money so I guess Greshams law will do the heavy lifting
  • #7,276
  • Apr 26, 2020 4:06pm Apr 26, 2020 4:06pm
Bitcoin went up $112 today. Will the uptrend continue?
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  • #7,277
  • Apr 27, 2020 6:23am Apr 27, 2020 6:23am
Using the words of Not-KPMG "U can visit a real, intelligent Bitcoin / crypto thread" Called Honorable Bitcoin using this thread:

https://www.cryptocraft.com/showthre...926791&page=33

Not-KPMG not allowed
  • #7,278
  • Apr 27, 2020 6:25am Apr 27, 2020 6:25am
Here is the Bitcoin technical analysis for today:

Inserted Video
  • #7,279
  • Apr 27, 2020 12:33pm Apr 27, 2020 12:33pm
Yoooo

Crybabies

What's with baaaAaaAaad Bitcoin??

Oil trash 20% down

Bitcoin $90 up??? In 2013 bitcoin was cheaper than oil???
Whaaaaaat happened!?? With baaaaaa intrinsic value

Baaaaa
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Beware of robber banks (RB), bad advisors.
  • #7,280
  • Apr 27, 2020 12:51pm Apr 27, 2020 12:51pm

Some people think that fiat currencies should be replaced


Inserted Video


What would you trust more bitcoin or gold?


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