Why?

IIRC, he negotiated is last contract himself and had much of the compensation tied to Bitcoin.

Olinemen aren't dummies.

Great move if the "currency" keeps going up, but if there is a big sell off, then not so much.

@DocBenni -- https://www.coingecko.com/en/coins/bitcoin

It's more rare than Gold -- Bitcoin is/was the solution to the economic crash in 2008. It has a (now) $1 Trillion+ market cap. It's going to increase in value as more institutions start accepting it (Banks like BNY Mellon, MasterCard & Visa) - That max supply is key

@Henry posted:

Olinemen aren't dummies.

Chesapeake joins more than 200 other bankrupt U.S. shale producers

HOUSTON (Bloomberg) --The shale bust has reached a grim milestone by claiming the pioneer of America’s drilling renaissance. But Chesapeake Energy, which filed for bankruptcy protection on Sunday, is just the latest in a long list of casualties.

More than 200 North American oil and gas producers, owing over $130 billion in debt, have filed for bankruptcy since the beginning of 2015, according to a May report from law firm Haynes & Boone. This year alone, at least 20 have gone under after oil prices plunged amid the Covid-19 pandemic.

back in sept. of 2017, a friend of mine tried to get me to invest in bit coin, as an incentive he gave me $50 worth of bitcoin (which at the time was 0.01255).  Like an idiot I ignored him and did nothing.

That $50 is now worth $600

@Henry posted:

Olinemen aren't dummies.

Ummm....

@Pikes Peak posted:

Chesapeake joins more than 200 other bankrupt U.S. shale producers

I think you mis-read @Henry 's quote as "oilmen" instead of O-Linemen.

amiright?

Back on topic....

My Bitcoin BTC & Litecoin LTC portfolio has increased 50% in 2 weeks. If that keeps happening (unlikely) I'll be a Crypto-millionaire by next year.

@Thunderbird posted:

back in sept. of 2017, a friend of mine tried to get me to invest in bit coin, as an incentive he gave me $50 worth of bitcoin (which at the time was 0.01255).  Like an idiot I ignored him and did nothing.

That $50 is now worth $600

9 days after your post, that $600 is now $750 (right now 3/13/2021 at 9:10 AM LFT). Still not investing?

I believed in Tesla when everyone else said I was fucking looney. I no longer own TSLA (except some in ETF's). I built 30% of my 401k on TSLA (diversified now of course)

Now....This is the way....Crypto, specifically BTC. I'm in others too as you'll read about in future posts.

https://finance.yahoo.com/news...-risk-184919437.html

“Stimulus checks, Elon Musk’s relentless support, short-sellers throwing in the towel, and weekend liquidity were just what was needed to send Bitcoin above the $60,000 level,” said Ed Moya, senior market analyst at Oanda Corp. “Bitcoin once again seems to be an unstoppable force and no one wants to get in the way of this momentum trade.”

That bold part is key. People are buying & holding in their hardware wallets. This action destroys short-sellers

Speaking of Elon & Tesla....

Elon Musk and Tesla are up 80% on their bitcoin investment in less than 60 days.

— Pomp 🌪 (@APompliano) March 13, 2021

Let's see....quick math here..... 1,500,000,000 * .80 = $1,200,000,000 in 60 days. 2 Months....60 days. For a grand total of.... $2,700,000,000 - That's 2 Billion 700 Million U.S. Dollars. Let me know if any bank comes remotely close to that return on your savings account.

Was waiting/hoping for this to happen. Gene Simmons invested $300k into this crypto. I was in on it before Gene. Now it's on CoinBase.

Starting today, inbound transfers for ADA are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Trading will begin on or after 9AM PT on Thursday March 18, if liquidity conditions are met. https://t.co/ANisazZsh7

— Coinbase Pro (@CoinbasePro) March 16, 2021

Thanks for the 5% POP there Papa Musk!

https://markets.businessinside...nt-2021-3-1030239685

• Musk said bitcoin payments made to Tesla will not be converted to fiat currency.

Ladies & Gents....The smartest football player in NFL History.

Fudelity is filing for a Bitcoin ETF.

— russ 💯 (@RussellOkung) March 24, 2021

Yes, Fidelity who manages about $9 Trillion dollars will have a BTC ETF. Along with Goldman Sachs SkyBridge Morgan Stanley/NYDIG VanEck Valkyrie WisdomTree Bitwise.

Goldman Sachs -- Last year, they called bitcoin "not an asset class".

Ummm.....Can we change our mind on that in 2021??

https://www.reddit.com/r/BTCTK..._hit_100000_in_2021/

Now you know why Tesla bought $1.5 Billion in BTC plus are now accepting Bitcoin to pay for the cars.

Hey Boys & Girls, Vlad an excellent Bitcoiner from Romania has created a subreddit. Check it out when you have a chance.

https://www.reddit.com/r/BTCTKVR

I have this hardware wallet. It's really nice but a little pricey at $130. Cost of keeping your BTC safe instead of on an exchange that can get hacked like Mt. Gox did back in 2011 (I think?) So far Coinbase & Blockfi are doing great at security. (Binance too I guess but they're from China so I trust them less) Hardware wallets are the safest for securing your crypto.

https://www.reddit.com/r/BTCTK...itbox02_user_review/

Ya gotta love it

Can’t believe the world has no energy left now pic.twitter.com/N6HTTV083j

— ∞ CO฿IE (@CryptoCobain) April 7, 2021

I have less energy than I did in 2017

@Pikes Peak posted:

I have less energy than I did in 2017

Try some Ginseng

https://apple.news/A7bSjKQzjSKSFFo7-WdhaFg

Doing some good work in Ethiopia. Really helping the students out

"5 million students across 3,500 schools in Ethiopia are about to have their educational records stored on a blockchain."

Anyone been mining bitcoin? I started during the pandemic. Nothing crazy, just using gear I already owned. Anyway, with the crackdown in mining in China, the mining difficulty rating is set to drop 27% tomorrow. Should make for some interesting numbers going forward.

Bump

Yeah, I stopped mining this year. Profit turned negative at some point.

I'm going to take the money I earned and buy some of these sweet new $99 NFT's that are available as of yesterday. They are going to make for great Christmas presents!

@PackerHawk posted:

Yeah, I stopped mining this year. Profit turned negative at some point.

I'm going to take the money I earned and buy some of these sweet new $99 NFT's that are available as of yesterday. They are going to make for great Christmas presents!

🤮  

Note to self: remove Goldie from shopping list.

@PackerHawk posted:

Note to self: remove Goldie from shopping list.

If I was in line to get those $99 NFT’s, thanks for removing me eh??  😂 🎄 👍🏻

I’m sure BK has them in his card collection by now.