Tuesday, December 10, 2019

Bitcoin rulez and you can also keep your opinions on others choices with it to your self.

I'm sure a lot of you are going to be pain-stricken to hear of such events, but yesterday I chose to use a dirty old bitcoin/fiat ATM. But hold the spears before you hear me out. The greatest thing about bitcoin is no one can challenge how you spend your value when you see fit and never forget that. Also I understand if you're not a poor shmuck like I, then this post probably doesn't apply to you at all.

I've been in a rut for a long time, bitcoin and crypto helped me get partially out of that rut by seeing the potential when I got in early 2017. But let's be honest, what fun is hodling? dreaming of things you could trade coin for in the future; always believing your sats will go further in the future. It is a very likely probability given the time btw, but life is actually precious. Pouring too much of your reward of working time of society into an asset hoping some day you'll get rich, again not saying that's not likely but I am saying what's more likely is you're becoming blind to the greater investments in life. the progressions in other technological fields that you may have been excited about but had your dreams fade over time, perhaps for the same reasons that brought you to the great orange currency.

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I wanted to get into a specific field of work over the summer, having 3/4 of the physical gear required but missing some critical pieces and not having the fiat as my credit is ruined, my bills keep me stretched, etc; I couldn't complete my work goal. Fast forward to the past weekend, thinking about cyber Monday and black Friday and knowing I had a chunk of coin and a bit of fiat to work with I decided to pull the f*cking trigger, just like buying bitcoin I traveled to a bitcoin atm, fully prepared to pay the fee. I planned the entire expense out to the T, and I really asked myself "is this what I want? do I see value in this?" and I remembered the Rick and Morty meme with the bitcoins, where retard Rick is saying "hey if you see value in this, and no one else does, who cares". Even if 99% of you guys don't see value in what I've chosen to do, I don't care, because I do and even in time if the value of what I've traded my coin for falls. Perhaps I've used that equipment to make twice as much coin as most of you could hope to achieve threw simply hodling what you have. Perhaps I'll be wrong but also perhaps bitcoin will be in a quagmire for the next 2 years and I have lots of time to recoup any trade losses anyways while everyone greedily hodls and waits for something called a moon lambo---- IT'S CALLED THE TESLA CYBER TRUCK BY THE WAY.

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All I'm trying to get at is bitcoin is YOUR freedom for YOUR choices, no person or bank, relative or friend should discourage you from using it as you see fit, which is exactly what satoshi designed it for. If you want to spend your bitcoin, do it if you can justify the trade in value- it was a hard choice to part with coin for this hardware but I see the value it can bring me in the future and to me, that's all that counts because in the last 24 hours my attitude is up more then bitcoin has been in the last 2 years because of my choice.

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I want to mention though, anything I've ever bought by trading coin for fiat or directly, I treasure and take great care of. The first thing I ever bought with bitcoin was an umbrella which I used tonight to keep me dry and not cranky, it's just next to me as I type. Do what you see fit with your sats, if it keeps your feet dry when you're between pay then it sounds worth it to me, because those sats can always be bought back if you keep working hard because you're still in good health.

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Live long, love bitcoin, use bitcoin and improve your lives!


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Lost Bitcoin (Maybe Stolen?)

So I use the edge wallet on my iphone for some time now (it used to be called Airbitz) and i had about $3k in bitcoin I've been holding for some time now (haven't been able to purchase more in about a year due to change in work). Anyways I check once maybe every month or so and I log in yesterday and I have not bitcoin wallet or bitcoin.

I message support they guide me to a restore wallet function which shows that my bitcoin was sent to some wallet on November 7th. I have no other wallet besides a coinbase account... I have no recourse as far as I can see. I have no idea what this transaction is. All my money in BTC is just gone. I have here all the info on the transaction, idk if this is useful at all:

https://www.blockchain.com/btc/address/132ba11ppQDN2krpHhu61qi3hP8cKrAQet

Does anyone have any idea what I can do or if there's any way I can figure out where it was sent or what happened? I went thru everything in all my emails and bank accounts for November 7th. I went and saw a friend preform poetry that day and I got a new camera I had received in the mail... no Bitcoin transactions happened then....

Any help is appreciated, thank you.



[Daily Discussion] Wednesday, December 11, 2019

Thread topics include, but are not limited to:

  • General discussion related to the day's events
  • Technical analysis, trading ideas & strategies
  • Quick questions that do not warrant a separate post

Thread guidelines:

  • Be excellent to each other.
  • Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:


[Altcoin Discussion] Wednesday, December 11, 2019

Thread topics include, but are not limited to:

  • Discussion related to recent events
  • Technical analysis, trading ideas & strategies
  • General questions about altcoins

Thread guidelines:

  • Be excellent to each other.
  • All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
  • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
  • No discussion about specific ICOs. Established coins only.

If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too.

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What happened with MATTIC should not surprise anyone — here’s why:

‘Panic?’ So theyre chalking it up to FUD as their explanation? Smh. For any of you whose been involved in the crypto game b4 Q417, you already know what I’m about to say. For all the rest: this was a 4PD if I ever saw one.

4PD (disambiguation) is one of many slang acronyms / memes that really apexed in usage circa 2016 & pretty much dissipated after cryptowinter. It stands for 4chan Pump & Dump — back when the first DEXes were launching & the only ‘stablecoin’ was USDT (which remained the only stablecoin until after BTC ATH which brought widespread, global attention to regulators) & the notion was anyone who had 10+ BTC (which wasnt inconceivable back when I started trading at $200 per coin) would scour 4chan and dark web message boards with forum posts titled “4PD LFXM” where X = 1 user or 10 BTC .

These simplistic yet complicated, paradoxical form of easily spotted & instantly recognizable code would let pump & dumpers (whales only) seek out each other so if I post 4PD LF2M then without needing to read the thread or post (of which was usually vague or left empty) I would know right off the bat that there’s a group of 3 whales who all are willing to commit 10 BTC each, thus 30 BTC total seeking 2 more ppl or 20 more BTC.

This was so rampant in 2016 (the golden year of crypto for early adopters) that anyone who had any experience trading knew right away to stay the fuck away from any coin/token with a market cap under 50 million — I must confess I am guilty of being apart of one of these groups.

We pumped golem, bcc (bitconnect) Bitcoin gold and a slew of other shitcoins that don’t even exist anymore. We would all buyin & made the whole community FOMO then dump at the top.

The only problem was finding a group you can trust ; which fortunately for SWIM worked out great as they used software to create an algorithmic system of escrow to make sure we had proof of stake and no need to trust each other.

Anyone’s curious how it worked out in terms of ROI; basically we’d(they’d) dump 10 BTC each & 50 BTC into a shitcoin and split the return at the top of the wick which usually was anywhere from 25%-10,000% profit (yes, I know...)

Technically they/we should all be in jail for what SWIM did. If it makes you feel any better, SWIM lost 80% of everything in cryptowinter and SWIM donated tens of thousands of $$ to irc unicef & st Jude.

Now? SWIM has nowhere near the net worth he had back then but is comfortable enough for me to focus on my research & startup while not needing to work for food/bills.

Disclaimer SWIM = someone who isn’t me. The story above is strictly an alleged hypothetical; unsubstantiated & without evidence of said events having occurred. SWIM is not liable for any incidents of pump and dumping nor does SWIM know anybody that is. Additionally described above is nothing more than pure conjecture and a potential hypothetical for educational and entertainment purposes.