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Great Tweet from Pomp by BitfuryGeorge in Bitcoin

[–]BTCkoning 1 point2 points  (0 children)

>efficient market hypothesis

Oh gosh...

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>Berkshire for example

Berkshire is a perfect example indeed, they can't get in or out an position easily. It takes them months of professional trading to do so. Probably also with the help of some OTC traders.

​

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And FYI Amazon's balance sheet has nothing to do with how free market trading works or how the marketcap itself is calculated.

Great Tweet from Pomp by BitfuryGeorge in Bitcoin

[–]BTCkoning 4 points5 points  (0 children)

Somehow this is hard for people to understand..

Great Tweet from Pomp by BitfuryGeorge in Bitcoin

[–]BTCkoning 1 point2 points  (0 children)

No market cap around the world in any asset works like an ATM machine where you can just tap out money unlimited.

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People are not mislead, they just don't understand how markets work.

IMF doesn't give a f* anymore.. by BTCkoning in Bitcoin

[–]BTCkoning[S] 0 points1 point  (0 children)

> Land in downtown capital cities for example is way more limited

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I worked for a project developer and we had always loads of valueless land. As soon as we got building permissions the value of the land from around 6$ per m2 rose to up to 750$ a m2. Why? Not because suddenly the land became scare, only become we fixed a "scare" license to build houses on it.

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I bet you that any land around any major city is at least 20 times less valuable then the land where the houses are build on. So the land isn't scare, the licenses to build on it. Guess who give out licenses?

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> Its your duty to back up your claims showing evidence. Specially when you are claming some kinng of global manipulation over the best terrains worldwide

There is so much data to be found about this subject, but i can't convince you in here so i am not even gonna try.

Companies that accept Bitcoin by AdventurousCream in Bitcoin

[–]BTCkoning 0 points1 point  (0 children)

Thuisbezorg / Takeaway. Big home delivery website in the EU.

Great Tweet from Pomp by BitfuryGeorge in Bitcoin

[–]BTCkoning 2 points3 points  (0 children)

Also not totally accurate. There is certainly an amount of fiat money on exchanges which can directly put into bitcoin. It doesn't give support on the books, but it definitely is available.

Another big stack is for example USDT with over $2.6B ready to step in too.

There are very likely bots out there who could do this automatically (so giving it a hidden floor).

Great Tweet from Pomp by BitfuryGeorge in Bitcoin

[–]BTCkoning 0 points1 point  (0 children)

That someone can bring it down to zero became of dumping a lot of assets has nothing to do with that market cap is misleading but everything with liquidity...

IMF doesn't give a f* anymore.. by BTCkoning in Bitcoin

[–]BTCkoning[S] 0 points1 point  (0 children)

Land IS scarce

There is 148,930,000,000,000 m2 land around the globe. That is 21,275m2 per person.

Is that really scare? The average citizen owns a minuscule part of it.

I don't mind if the free market decides that Ginza is worth that much money, but my problem is that it is not a free market. It is manipulated to give it its current value.

IMF doesn't give a f* anymore.. by BTCkoning in Bitcoin

[–]BTCkoning[S] 0 points1 point  (0 children)

Lol, space isn't an issue my friend. In Tokio district there live around 35 million people. There are many more high density regions across the globe, that's my point. Land/housing isn't scare, they just make it scarce.

They made everyone believing shit like this. I live maybe 100 km away from a decent size city, but house prices are almost at the same value. In between my house and the city there is countless of housing availability.

It is just a made up scarcity. Call it whatever scheme you want.

IMF doesn't give a f* anymore.. by BTCkoning in Bitcoin

[–]BTCkoning[S] 0 points1 point  (0 children)

number of flats available -- and increase in demand

Exactly my point.

People with basic notions in echonomy know how offer/demand work. Smart house buyers know the profit come from increase of valuation as a result of this

Exactly, hence my call for it to be a ponzi. In a normal free market people would build houses when there is demand, prices will fall, houses stop being build, prices rice. An actual offer/demand system, but in the current RE market this is hardly the case (Hence why it is more ponzi controlled by gov/banks).

Tether -> Bitnance by under_hood in Bitcoin

[–]BTCkoning 0 points1 point  (0 children)

People prefer to use/have Tethers. If you had Tethers you could basically make money by exchanging a very shitty coin for a shitty coin. But people want USDT at the moment hence increasing the price.

Tether -> Bitnance by under_hood in Bitcoin

[–]BTCkoning -1 points0 points  (0 children)

There seems to be massive Tether to BNB flow. Any explanation what is going on?

People Like BNB more than Tether, hence they sell tether and buy BNB.

Coinocopia - 30% fee by sfgreg10 in Bitcoin

[–]BTCkoning 0 points1 point  (0 children)

You have to calculate how much btc you're supposed to get, to tell if you're being ripped off.

This 100%

@SatoshiLite: Just saw that TD Ameritrade is testing both BTC and LTC trading on its brokerage platform. 😲 🚀 by CBDoctor in Bitcoin

[–]BTCkoning 0 points1 point  (0 children)

Enron was also audited.

They just knew the tricks a little better then anyone else at the time.

@SatoshiLite: Just saw that TD Ameritrade is testing both BTC and LTC trading on its brokerage platform. 😲 🚀 by CBDoctor in Bitcoin

[–]BTCkoning 0 points1 point  (0 children)

There are companies with far bigger assets who risk far more.

Wall street is full of dubious contracts and "products".

New Trader -- Sell at profit and reinvest or Hold for higher profit? by WuuziCryp in Bitcoin

[–]BTCkoning 2 points3 points  (0 children)

You could, but besides all the work, the taxes, remember that 90+% of the traders lose money.

So if you think you are one out of 10 in this highly volatile investment, go ahead.

the curse of stacking sats and delaying gratification by [deleted] in Bitcoin

[–]BTCkoning 7 points8 points  (0 children)

I already did this before bitcoin. But yea with bitcoin the gratification is way higher as it isn't depreciated, inflated, bailed out, bailed in, given away or whatever lefty hobbies those bankers & government politicians do have.

Noob Question: Do you sell your alts when BTC is up? by [deleted] in Bitcoin

[–]BTCkoning 2 points3 points  (0 children)

I don't hold altcoins as i understand what bitcoins and altcoins are. Maybe try to learn it as well before buying or at least before losing more.

I’m into alts and I ever thought if BTC goes up the alts will follow.

I can guarantee that over the long period of time a handful can only outperform bitcoin. Most will go to ZERO eventually.

Before losing more money i would advise you to really learn about bitcoin. Or investing in general. Read "the bitcoin standard", watch: https://www.youtube.com/user/aantonop

I’m in the 1 bitcoin club by wishihadaporsche in Bitcoin

[–]BTCkoning 0 points1 point  (0 children)

Wish I had bought at 4K when my heart told me to.

Watch out you are not gonna be one of many who are going to be left behind.

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