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Bitcoin and the Crypto Chads

elixirmixer

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I bought my first piece of Bitcoin. It felt good.

@Andro why is the life-force important? What can be bought with life-force? I fear my life force bank account is running low.. 🤣
 

elixirmixer

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@black @Pilgrim
In pursuit of gaining a little maturity I am going to choose not to troll the both of you even though you deserve it.

All I'm saying, is that Bitcoin is the best performing asset in the history of histories. And while no one has a crystal ball, there are many indications that would suggest that for a 12 to 24 month hold, crypto assets are likely (and I mean, over 50% likelyhood) to do incredibly well.

That's all I'm saying. It's pretty rare that you're going to hear me argue over morals and dogma anymore because I'm not a judgmental hypocrite and I've never met a single person in my entire life other than perhaps little children that could honestly say they are "good".

We all suffer from vices. The wisest and most controlled people I know suffer from vices. And I feel that conversations that are like " 'x' is no good because it's a conspiracy" just isn't relevant anymore. It was relevant when it was a conspiracy. Now everyone knows the truth more or less. And it's more about finding innovative ways to try to scrap together a bit of freedom here or there where we can until we find ways to evoke ourselves out of this mess.

And I have pretty much ditched a morality system based on what society seems ethical. Society is not, imo, ethical at all and it's motivations are deceptions and the entire western culture is built on a bed of sand.

My philosophy is the Wiccan-Updated Alister Crowley mandate:

"Do as thou will and harm no one".

I don't care if Bitcoin is a conspiracy or not. Toothpaste is a fucking conspiracy but if you don't use it you'll lose your teeth.

I understand if you're frustrated with the crazy murderous vampiric people that you voted into office, but please don't let that stop the love and caring that comes from shoving crypto down people's throats during possibly one of the most important trend reversals this decade.

The overtone I'm trying to share with you here, is that it's going to get harder and harder for the average person to make money. I'm sharing my opinion on this because I don't see any reason why I wouldn't want the users of the forum to make money. I hope they all turn rich and have more time and resources to practise alchemy.

Its irrelevant to me whether anyone gives weight to my insight or not. I do it because some of you are old, and some of you are stupid, and if you're old or stupid then you're going to miss out. And the nature of our planet is that it's going to become ever more competitive and fierce. Gone are the days where you can get by just by doing the 9 -5. The cost of living is going up. And it's going to go up by a back-breaking amount by 2030.

@black dear friend. Can you refresh my memory about your mentor because I think I've lost the narrative.

Is your mentor like... Jesus? Or like... God? I think I remember you saying that your mentor is God but I kind of forget. What's he look like?

Ive accepted that I'll probably die soon and that there isn't time anymore to succeed in making the philosophers stone.

I tried to evolve and become something more than I am. But I made mistakes. And those mistakes compounded and ultimately got the better of me and I think I'm just copeing or clutching at straws to really think about it anymore.
 

Awani

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Preach on... it has been fun to watch you evolve... I feel pretty much the same as you do (with a few minor differences). We should do another podcast about crypto, prepping, freedom and in general trash governments and sheep. Would be fun.

I started this thread in 2016... I think it has aged like fine wine.

I'm happy you mentioned Crowley, because his Pan poem has been rocking my world for a year or so now. Pan is a BTC holdr for sure. Pan is chaos. BTC is an agent of chaos and anarchism is order out of chaos.

SAe7cB.gif
 

elixirmixer

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Yeah I'm keen to do another cast, maybe after I've moved house. I'll let you know when I'm settled, cheers. I have noticed similarities in our way of thinking over the years. I hope there ends up being another Alchemy Forums reunion.
 

Awani

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Sounds good.

It’s funny that people won’t buy 50 bucks worth of BTC. A sum anyone can afford and forget about. And if they are right that BTC is a scam, they lose 50 bucks. So what.

If we are right they’ll have anything between 500 and 50 000 bucks. Maybe even 500 000 bucks.

In that situation I’ll have probably 5 million USD at least. I’ll be rubbing it in everyones face. 😂 We can have AF reunion in Monaco at my expense.

If I am wrong, I won’t lose money I need. That is the beauty of BTC at the moment…

EE5F96DC-D524-40AF-88FD-475DF67BAEA9.jpeg

If anyone decides to buy:

1. Do not keep it at an exchange, store it in your own wallet or even better cold storage.
2. If value goes down buy more, do not sell.
3. Buy with money you don’t need.
 

Kiorionis

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Where I am power is pretty cheap, 0,11 cents per kWh.

ATM, it’s 12.28 cents per kWh where I live.

Bitcoin is vapourware. A number in a computer system. It is not a tangible thing, not a tangible asset. It's a concept that only has value whilst enough people attribute value to it and which vanishes into nothing the minute people cease to believe it has value. Comparing this with gold is honestly ridiculous. Gold is tangible. You can physically hold it. It's value has largely stayed stable for 100s of years. It can't vanish. It's inherent value may go up or down but historically it has always been a stable asset.

I agree with you. As soon as any digital/electronic system fails, so will bitcoin.

However, the internet has needed an energetic “unit” for exchanges of labor for quite some time.

in my day to day, I work in the labor industry. In this work labor is equivalent to a certain hourly wage.

Bitcoin in my mind corresponds to digital labor. The USD (or other paper currency) corresponds to physical labor.

Depends on which world you live in, I think.


Besides, the future of money is digital.

And this is already happening. When was the last time you used cash? do you now only use a debit card like everyone I know here in America?
 

Awani

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ATM, it’s 12.28 cents per kWh where I live.

You quote an old post of mine. Currently it costs 44 cents USD per kwh. Why such an increase you might ask?

Ukraine, that is why.

Why does that make it more expensive you ask?

Good question. Official answer: because

Apparently energy, food and other resources all come from Ukraine. I never knew my country was totally dependent on Ukraine. No one even knew that Ukraine existed a couple of years ago... talk about our surprise finding out our whole infrastructure was based on Ukraine.

4a3.gif

I installed solar panels a few months before this price increase… yes I’m ahead of the curve like a boss. 😂

As soon as any digital/electronic system fails, so will bitcoin.

BTC won’t fail if the others fail. Most BTC hodlers wants everything to fail.

When was the last time you used cash?

It is almost impossible to use cash where I live, and I haven't used it for over a decade at least.
 

Awani

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An interesting perspective:


Fiat is haram, BTC is halal!

images.png


Guess which system the world is following?
 

elixirmixer

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When ATH you don’t need to sell. Don’t trade gold for monopoly money! 😉

I don't hold Bitcoin. Currently. I hold Alt coins. And when my Alt coins at ATH then I'll be selling them and buying Bitcoin to hold forever.

I agree. Why would you not want your savings in Bitcoin. This is the best performing asset, in the best performing asset class if human history. You're literally delusional if you're not racking up the Bitcoins right now.

And I'm not arguing there is much intrinsic value here, the same rules apply. It's only worth how much value we give it, and the institutional players are valuing this ALOT.

ALGO for the win.
BTC for the afterparty.
(ALGO is mega high risk this is not financial advice)
 

Lakshmana

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I thought that the alt-coins usually soar after Bitcoin because money flows from the big ones to the smaller ones when everyone is greeding for more profits at the end of a bull run.
 

elixirmixer

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I thought that the alt-coins usually soar after Bitcoin because money flows from the big ones to the smaller ones when everyone is greeding for more profits at the end of a bull run.
Yes that's true. But the growth potential (and risk) is way higher with good altcoins. And I'm not into day trading anymore. Set and forget. Otherwise it's too stressful for me. But you are correct, absolutely.
 

Awani

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There are many ways to store BTC. The dumbest way is on an exchange. NEVER do that... the next step might be a digital wallet and there are some good ones. However the most safe is cold storage... off-line... you could store it on a piece of paper... but let's have some class dear Crypto Chads.

Currently I use: Ledger Nano S Plus
 

Awani

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I don't know if I posted this before but The Bitcoin Standard podcast is a good source for BTC philosophy and news. The voice of the host remind me of Andro's voice. LOL.
 

Andro

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The voice of the host remind me of Andro's voice.
What, an exotic Mid-Atlantic baritone with a pronounced yet refined Medieval Transylvanian flavor and some occasional touches of subclinical Tourett's? No, I don't hear it ;)
 

Lakshmana

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Monero got delisted on Binance, it crashed to 100$ I tried buying at 97$ bank cock blocked me I opened a new bank and got in at 118$.
Fast privacy coins with low fees are most valuable and useful change my mind.
 

Awani

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BTC or nothing. My advice.
 

Lakshmana

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Btc as a store of value is tremendous.
 

Awani

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Let me paraphrase Ben Franklin…

Only three things are certain: death and taxes and BTC

☺️
 

Lakshmana

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Let me paraphrase Ben Franklin…

Only three things are certain: death and taxes and BTC

☺️
Monero cuts out the middle one :)
This makes the power structure scared.
 

Awani

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Ok it's fucking time to get down to business. Been putting this off for a long time...

This quote from 2016 aged well... back then 1 BTC cost about 455 USD. Today it costs 61 000 USD.

I had the money in 2016 to buy 25 BTC... but I didn't buy that many... how fucking stupid was I... but... in another ten years (and we shall see if this post ages just as well) BTC could be worth one million dollars... with that kind of price 61 000 USD is a bargain...

There is also, of course, the perspective that it is a bit dumb to value BTC in how many dollars you can buy with it... why the hell would anyone want to exchange BTC to dollars?

If you own one BTC, you own 100 million satoshis... you're basically a multi-millionaire...
 

Selcuk

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I will miss the times of paper money
 

Awani

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Do you also miss travelling across the Atlantic on a wooden ship or do you prefer flying? Same thing. ;)
 

Lakshmana

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I will miss the times of paper money
Bitcoin is tracked, Monero is the closest to paper money and Gold coins there is atm...
The more I study the more I like it.

I still think there needs to be cash exchange somehow preferably not in fiat.
 

Awani

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It can inflate whatever the preachers say. There is only BTC in terms of value.