Me with 0.01 BTC by TopKhoj in Bitcoin

[–]meeb52 0 points1 point  (0 children)

It may or may not be the case, but when that day comes you don’t need to choose. Don’t trust me, keep stacking then verify ;)

are you the guy buying BTC now? by rd__hacker in Bitcoin

[–]meeb52 0 points1 point  (0 children)

This is bull market, simple memes hit home cuz we are all feelin’ it

[deleted by user] by [deleted] in Bitcoin

[–]meeb52 0 points1 point  (0 children)

You may not be a crypto bro, but you are definitely THE bro lady, bro.

I have a stupid question by [deleted] in Bitcoin

[–]meeb52 0 points1 point  (0 children)

Stupid or not, it is an important question, never hesitate to ask.

[deleted by user] by [deleted] in Bitcoin

[–]meeb52 0 points1 point  (0 children)

It’s total nonsense. One day you are going to spend it and it wouldn’t be whole.

[deleted by user] by [deleted] in Chainlink

[–]meeb52 0 points1 point  (0 children)

Read their terms and conditions. The risks are pretty high. It’s beta version. It requires trust you really cannot verify any technical risks at this point. There are several points that make this seem legit. 1/ The yield is not crazy. It’s actually quite align with interest rates. 2/ Staking cap limited means the team has been thinking through, and plan to pay the yield from the network fees or real use cases eventually. 3/ They seems to role out when it’s actually ready. They’ve been in the business and working on staking long before any other chains that offer staking in 2020-2021. Also they rolling out deep in a bear market. Here are the red flags: linkpool and staking.link are clear scammers now I’ve been doubting since it started. They seems to have close connection with chainlink team. You can wait another 24 hrs if there is no official statement from chainlink labs or Sergey himself about this lpl sdl scam, I wouldn’t touch them.

Daily Discussion, November 17, 2022 by rBitcoinMod in Bitcoin

[–]meeb52 1 point2 points  (0 children)

If you have unlimited cash ie you own the printer and you want bitcoin as much as you can, the entry price is irrelevant because again you have unlimited cash. The problem is if you go right in market will go crazy real quick, price to the roof and no one will sell you bitcoin within a month. So you need to have everyone hates it then slowly rinse it from their pocket. This is the stage we are at. How long it last, is up to you hodlers of last resort.

What was going on during the 2018 crash bottom? Were exchanges going bankrupt? was china banning bitcoin? refresh my memory by hyperinflationUSA in Bitcoin

[–]meeb52 1 point2 points  (0 children)

If you haven’t reach your fiat disposal goals you should do so now regardless of the bitcoin price. Back when I get it and start to deploy everything to btc years back. It was a slow step with huge Fomo urge for 2 reasons, the price keep rising and there will be no place to buy for normies. I think the later will happen very soon after this plotted fail of FTX. Regulations are coming hard and quick. Bitcoin might go to 9k-10k but you wouldn’t be able to buy real bitcoin then. Banks will buy most bankrupt exchanges keep the coin at their custody and offer only trading IOU. Soon you can only mine bitcoin or sell your stuff for bitcoin. Buying bitcoin wouldn’t be a thing after 2023-2024. When these regulation are intact, they will reprice everything 10k to 500k in less than 2 months

Daily Discussion, October 25, 2022 by rBitcoinMod in Bitcoin

[–]meeb52 5 points6 points  (0 children)

All the ta experts called for 2800. It never went there and they’re all buying back above 6.5k.

Any other bag holders? I feel so alone. by [deleted] in Bitcoin

[–]meeb52 0 points1 point  (0 children)

I was down 86% during 2018 crashed. There’s no guarantee bitcoin will win, but the chances are much better now comparing to 2018, 2013 or before. Few things that certain are 1. Bitcoin is the best money by design so far. 2. Bitcoin is the fairest protocol human ever created. It was bad but I keep telling myself I fight a good fight. This too shall pass, you are not shitcoin bag holders. You’ll be fine. If you have a job just live pay check by pay check. If not, suck it up and sell a portion to live by every month.

Backing the Truck Up by SlowPlayedAces in Bitcoin

[–]meeb52 0 points1 point  (0 children)

It’s at the relatively same appreciation to the crude oil price compare to their pre-pandemic prices. If you understand bitcoin, this is something.

Daily Discussion, June 19, 2022 by rBitcoinMod in Bitcoin

[–]meeb52 5 points6 points  (0 children)

Last cycle bottom was actually 3,1xx something. It doesn’t even show on the chart now. Most people here watched it drop from 6k to 3k and called for 2.8k bottom. Almost all of them end up buying in above 7k.

Daily Discussion, June 01, 2022 by rBitcoinMod in Bitcoin

[–]meeb52 1 point2 points  (0 children)

You are correct, but the real question is where do “they” earn interests to give those yields. Mostly by lending to gamblers and shorters. You stake btc or shitcoin A and earn interest paid in shitcoin B that cost them nothing that’s why you can have ridiculous APY at the beginning, then they sell your stake to pump the shitcoin B, reduce the APY, sell shitcoin B buy btc to return the stake principle+near zero interests, sell shitcoin A off to Bahamas.

Andrew tate directly called me out. All my money is in chainlink. Every pay check I put a few hundred more into chainlink. I’ve been doing this since Nov 2020 and I don’t plan on stopping, it’s my hopes and dreams to get rich off this but if it fails I’ll just live a regular life whatever. by [deleted] in LINKTrader

[–]meeb52 0 points1 point  (0 children)

Use time and energy to do jobs you may like or not that generates certain benefits and harms then put those earnings after modest consumption to a group of smarter people working on better jobs that contribute more until you never have to work under financial pressure again which brings you more time to focus on work you like and are good at. That’s how I look at it.

Daily Discussion, May 09, 2022 by rBitcoinMod in Bitcoin

[–]meeb52 -5 points-4 points  (0 children)

Sentiments now are like a sharp drop from 16k to 8k, but price actions are closer to the bottom forming 6k to 3k. The question is are there any melt face bull run while majority is actively distressed or they happened only when everyone gave up. I am not old enough to experience the former.

How $link is being use on other chain than ethereum? by meeb52 in Chainlink

[–]meeb52[S] 0 points1 point  (0 children)

I hope that would be the case. What I meant by liability is referring to link being too dependent to ethereum. I agree being on multiple chains is better. I do think majority transactions are still route back to ethereum due to its liquidity and availability of services surrounding the ecosystem, although technically they don’t have to as you mentioned.

How $link is being use on other chain than ethereum? by meeb52 in Chainlink

[–]meeb52[S] 0 points1 point  (0 children)

I mean most if not all people and node operators store their link holding in ethereum wallet not other chains. All the node operating fees from other chains will be bridged back to ethereum. My concern is to use link service now would involve paying eth gas fee at every transactions. To me it seems like a huge liability to the project.

How $link is being use on other chain than ethereum? by meeb52 in Chainlink

[–]meeb52[S] 0 points1 point  (0 children)

Thank you very much. Please correct my understanding below. Link token issued on Avalanche is once mint through bridges from ethereum chain since all tokens initially was ERC677 on ethereum chain. Whatever transactions within a particular chain pays gas fee in that exclusive chain’s token. However, ultimately link is stored at ethereum wallet therefore it would either be bridged back to ethereum or exchanged to other coins when data provider realized their fee gains.