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@DocBenni --

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

Circulating Supply
18,643,725 / 21,000,000
Fully Diluted Valuation
Max Supply
Russell Okung is smart. Companies like Tesla don't invest $1.5 Billion in it, if they believe it's going to lose.
@Henry posted:

Olinemen aren't dummies.

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

By DAVID WETHE on 6/29/2020

HOUSTON (Bloomberg) --The shale bust has reached a grim milestone by claiming the pioneer of Americaโ€™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.

@Henry posted:

Olinemen aren't dummies.


@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.


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?

Last edited by Boris

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.

โ€œStimulus checks, Elon Muskโ€™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,โ€ said Ed Moya, senior market analyst at Oanda Corp. โ€œBitcoin once again seems to be an unstoppable force and no one wants to get in the way of this momentum trade.โ€

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

Speaking of Elon & Tesla....

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.

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

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??

Last edited by Boris

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

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.

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