Chicken Man
Kick Henry Jackassowski
I was looking for a way to put my finances at the mercy of, like, a version of Hank Scorpio who eats his own boogers.
Looks like dreams do come true!
Looks like dreams do come true!
Anyone here day trade Cryptocurrency?
- Thread starter BlockInlay
- Start date
smorgdonkey
Kick Henry Jackassowski
Bob411
thrumming with potential
If they ever find out/complain, I'd just say, you could always just pay me more money and I wouldn't have to supplement my income.
Peen Simmons
Let’s Get Obtuse!
You look pretty smart now, but just you wait until you’re frantically prepping zucchini bread and we’re all on Mars with pockets full of internet money and Grimes is up there with us like some kinda Smurfette to our pure dude crypto utopia where we all have the biggest brains and we’re just boring holes in shit all day and the government can’t stop us. PICKLE JOHN GALT, MOTHERFUCKERS!
DdBob
Dogue in teh desert
https://nymag.com/intelligencer/202...ter-musk-says-tesla-no-longer-accepts-it.html
Time to check in with the rational world of cryptocurrency pricing, where last week a coin designed as a joke made several Shiba Inu enthusiasts paper millionaires before an actual billionaire tanked the value by joking about it on live television.
That billionaire, Elon Musk, wreaked havoc again on Wednesday, in what will prove to be a far more consequential market decision than the drama above surrounding dogecoin and his appearance on SNL. Musk tweeted a statement announcing that his electric motor company Tesla would no longer allow customers to pay for cars with Bitcoin due to the crypto’s substantial environmental toll:
Time to check in with the rational world of cryptocurrency pricing, where last week a coin designed as a joke made several Shiba Inu enthusiasts paper millionaires before an actual billionaire tanked the value by joking about it on live television.
That billionaire, Elon Musk, wreaked havoc again on Wednesday, in what will prove to be a far more consequential market decision than the drama above surrounding dogecoin and his appearance on SNL. Musk tweeted a statement announcing that his electric motor company Tesla would no longer allow customers to pay for cars with Bitcoin due to the crypto’s substantial environmental toll:
BlockInlay
Octavate.band
This is a phenomenon that has always bugged me about financial reporting. Pointing to a single cause behind a change in direction and ignoring the rest of the story. A reporter will claim that a single event precipitated a major market change. Too easy to make spurious correlations and they never report that a few days later the price has popped right back up. There are many factors that affect the price of a stock or crypto or anything else. Bitcoin was in the toilet yesterday before Elon's tweet... assuming I'm correct in that his tweet came out yesterday at 6PM. But, bitcoin hit very similar lows earlier this month and Elon wasn't tweeting then. And the price jumped right back up, which it will do again this time around. In a few hours it will be right back where it was before Elon's tweet. And what percentage of the bitcoin market flows through Tesla? Very very little I would imagine.
tldr It's a good thing when the price tanks like this.
tldr It's a good thing when the price tanks like this.
DdBob
Dogue in teh desert
a good thing for Elon / Is he manipulating the market? I mean he is the Golden boy right now.
BlockInlay
Octavate.band
I think enough people with brains and serious money are invested in crypto and they don't give a flying fuck what Elon has to say about anything, so I'm not too worried about the extent of his ability to manipulate. but yes it's possible he's trying to manipulate the market I guess. he'll either get bored of it or get his hand slapped sooner or later.
BlockInlay
Octavate.band
Great reply to Elon's tweet.
DdBob
Dogue in teh desert
he's got aspergers so probably won't get bored anytime soon. If you're into guitar you're probably into Jimi and respect his skills . if yer into making money yer probably into elon and respect his buisness savy so if nothing else there is probably a bit of weight to what Elon says or predicts if not on a concious level then a subconcious level. this can't be good for crypto.
BlockInlay
Octavate.band
I disagree but we shall see.
Peen Simmons
Let’s Get Obtuse!
So when you’re investing in crypto what exactly are you investing in? It seems pretty clearly to be a speculative currency manipulation/exchange scheme like some sort of late medieval proto-banking grift.
BlockInlay
Octavate.band
This is not to say, of course, that the system was as sophisticated as it later came to be. I asked the Professor of Medieval studies at Cambridge why this was.
[PROF. HEGERMAN:] (stuttering) Well, i-it may not have been a - a statutory obligation, but, uh, I mean, uh, a guy who was a freeman whuh - was obliged in the medieval system to...
[PROF. JONES:] To do boonwork?
[PROF. HEGERMANN:] That's right. There's an example, ah, from the village rolls, ah, in 1313.
[PROF. JONES:] And I believe you're going to do it for us.
[PROF. HEGERMAN:] That's right, yeah...
(Pop beat sets in, reminiscent of the Beatles in their later period but with some of the spastic quality of a Joe Cocker.)
Oh it's written in the village rolls
That if one plough-team wants an oxen
And that oxen is lent
Then the villeins and the ploughmen got to have the loooord's consent.
Yeah, yeah,
Then the villeins and the ploughmen got to have the lord's consent
Then the villeins and the ploughmen got to have the lord's consent
Then the villeins and the ploughmen got to have the lord's consent
Then the villeins and the ploughmen got to have the lord's consent
Then the villeins and the ploughmen got to have the lord's consent
(na na na na)
Then the villeins and the ploughmen got to have the lord's consent
(na na na na)
Then the villeins and the ploughmen got to have the lord's consent
(na na na na)
Then the villeins and the ploughmen got to have the lord's consent
Then the villeins and the ploughmen got to have the lord's consent.
That was a talk on the open-field farming system by Professor Angus Jones. Some of the main points covered in this talk are now available on a long-playing record entitled "The Ronettes Sing Medieval Agrarian History."
smorgdonkey
Kick Henry Jackassowski
In the grand scheme, 25% is (hopefully) not much. I bought Bitcoin when it was about $14, 500 and it did not too much then dropped to maybe half that. I didn't feel very wise at the time. I learned a little a I went and stopped doing stupid things somewhat early(?). I am down $14 000 or so since Elon's stupid comments but the big picture has me way ahead and when things stabilize again I will get that $14G back.
Keep the Bitcoin. If you still have DOGE, may as well keep that too. Leave it for a while. Bitcoin will be back and even though I don't have any reason to believe in DOGE, it's big enough now that it will likely be adopted as some sort of payment system or integrated into one.
One more thing about Musk and Bitcoin...note that he said specifically that Tesla isn't selling theirs. For anyone who can't read between those lines: it's going up and Tesla wants it on their balance sheet - as do most others. Imagine how much energy is required to make a Tesla.
Last edited:
Not really. The energy used in charging is offset by the amount of gasoline it replaces. And, much of the county's electricity production is cleaner (nuclear, hydroelectric, natural gas) than burning gasoline in a car.
TomcatMF
Vetteless
The electricity generated in the U.S. is from fossil fuel is 60%, Nuclear is about 20% and renewables is 20%:
https://www.eia.gov/tools/faqs/faq.php?id=427&t=3
All charging batteries does is move the problem from the tailpipe of your car to the smoke stack of a power plant.