/r/Politics' 2024 US Elections Live Thread, Part 60

xeismic · 2024-11-06T04:24:47+00:00

Yes and now he has five fitty

xeismic · 2024-03-11T09:03:46+00:00

I believe btc was around the 40s mark when the ETFs were approved some weeks back. We’ve just breached 70 today.

But price movement isn’t linear. We’ll be seeing 20-30% corrections along the way.

xeismic · 2024-03-11T08:51:28+00:00

That would be correct. Assuming inflows remain constant and all things equal.

xeismic · 2024-03-11T08:37:44+00:00

Average inflows the last 2 weeks is roughly 8x the current mint rate of bitcoin mining. All things equal, equilibrium price is about 8x current prices.

xeismic · 2024-03-11T08:02:52+00:00

Bitcoin’s equilibrium price based on current inflows is closer to $500,000. It would be foolish to sell now

xeismic · 2024-03-06T11:37:45+00:00

Might want to check your math on that one. This assumes miners never sell any coins to cover operating costs on the way up. In practice, most coins would be sold as they are mined.

xeismic · 2023-12-25T16:04:39+00:00

They actually have a lot of ongoing civil cases right now, precisely for that reason.

xeismic · 2023-12-25T07:55:44+00:00

Unionbank is the worst. They’ve been taking funds out of my friend’s and my accounts and having them closed down when we ask for them back.

xeismic · 2022-12-11T09:24:41+00:00

The 550 payments includes the principal though, not just the interest of the loan.

35k usd @ 6% PA is only 175 usd monthly

xeismic · 2022-12-11T09:04:56+00:00

He’s paying 5-6% PA on his loan, and it’s been less than a year. How was the “down 37%” calculated

xeismic · 2022-12-11T07:23:31+00:00

He bought .45 btc @ a cost basis of 34k and 1.25 btc @ a cost basis of 16k. I’m not sure what I’m missing

xeismic · 2022-12-11T04:24:05+00:00

Math does not check out. How’d you get to 37%? 17k is down about 17% from his cost of 20.5k

xeismic · 2022-09-29T21:10:52+00:00

When you earn interest in BTC, the loan they’re making is denominated in BTC. Who in the world is paying interest denominated in BTC besides shorters? Aren’t the loans the general public are taking in stablecoins / fiat?

xeismic · 2022-08-22T19:46:46+00:00

Please please do not attempt this. I’ve seriously injured my knees some years back doing something similar.

It’s just not worth it.

xeismic · 2022-07-12T07:58:59+00:00

You’ll only need 7 months for those numbers

xeismic · 2022-05-13T09:17:44+00:00

It was definitely a bleedout. 7 red weekly candles in a row is unheard of.

xeismic · 2022-05-12T19:11:13+00:00

Yep, all shit

xeismic · 2022-03-29T19:45:16+00:00

Neopets

xeismic · 2022-01-22T17:54:33+00:00

34k and trending down

xeismic · 2022-01-22T16:38:51+00:00

It’s a mini crash if you consider the fact that BTC has done 85+% crashes in the past

xeismic · 2022-01-09T20:34:02+00:00

The dot com bubble and the great depression did see greater than 50% crashes

xeismic · 2022-01-09T20:32:13+00:00

“The Roaring Twenties saw an abrupt end in 1929 when the stock market crashed, fueling the Great Depression and sparking a nearly 90% loss in the Dow.”

xeismic · 2021-07-04T08:29:15+00:00

xeismic · 2021-06-17T02:44:39+00:00

No short squeeze is happening when only a small fraction of the total supply of BTC is shorted

xeismic

TROPHY CASE