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What is the peak price bitcoin will reach in 2021

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What is the peak price bitcoin will reach in 2021?

$41,000 (it's already peaked)
1
9%
$50,000
1
9%
$60,000
0
No votes
$75,000
3
27%
$100,000
4
36%
$150,000
0
No votes
$250,000
0
No votes
$500,000
2
18%
 
Total votes : 11

Re: What is the peak price bitcoin will reach in 2021

Postby saxitoxin on Fri May 14, 2021 12:38 pm

mookie ... are you buying Cardano? I just got SOME but I'm not going all-in
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Re: What is the peak price bitcoin will reach in 2021

Postby mookiemcgee on Fri May 14, 2021 12:59 pm

saxitoxin wrote:mookie ... are you buying Cardano? I just got SOME but I'm not going all-in


I have 'some' as well... are you holding it on an exchange (like coinbase or binance) or in a cardano wallet?

If in cardano wallet, you should consider 'staking' it... especially if you just plan on sitting on it a long while. You will get paid more cardano over time doing this, but there is an inital cost (paid in cardano) for staking it. https://cardano.org/calculator/

If you just want to hold it short term and try and flip it for quick profit, don't bother with staking it

I have a friend (old and rich guy) who bought $1,000,000 worth of cardano in 2018 at $.10, he sold it about a month ago at $1.40 (for $14,000,000). He just bought a house in Nevada and moved there (from our state) to save on income tax hahaha.

I feel like the next things to really explode are matic (polygon) though it might be a little late now as it's been exploding for a month or so, and Kusama & Polkadot are really priming for takeoff
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Re: What is the peak price bitcoin will reach in 2021

Postby mookiemcgee on Fri May 14, 2021 2:02 pm

Just for funsies, here are the things I currently own... In no particular order, and I have way more in some than others. I'm also gonna say, I have no clue what I'm doing I'm just trying to put bits in alot of different places and wait for some to moon:

Feel free to ask me about any of them if you are like WTF is that, or why the f*ck would you buy that!

Holding on Exchanges:
BTC
ETH
GRT - the graph
CELO - Celo Gold
OMG
0x
SKL - Skale
MATIC - polygon
SUSHI - sushiswap
ICP - Insane Clown Posse Coin Internet Computer
XLM - Stellar
REP - Augur, this one is kinda of a dog imo... looking for a high exit point
TRB - tellor
ALGO - Algorand

Holding in Ethereum network wallett:
ELON - dogelon (dogecoin copycat on ethereum network)
CORE - cvault.finance
DELTA - delta.financial
DELTA rlp (rebasing liquidity token, staked on delta.financial)
RenBTC


Holding in Binance smart chain wallet (I have all these staked somewhere or another):
BNB - Binance native token
BANANA - apeswap native token
BNB/BANANA LP's - this is a liquidity pair of the above two
GFCE - Gforce token for jetfuel.finance
SAFEMOON - Another doge type knockoff, but there is a 10% tax to trade it so much more stable
FEG - same type of thing
FTS - fortress

Holding in their own native wallets:
Kusama
Polkadot
AMA - Cardano
DCR - Decred one of the things I've owned the longest, pre 2017 bullrun.
BAT - I switched from firefox to Brave, and you get paid in BAT for using it and doing nothing. It's awesome!
Helium - I'm actually just getting started with this, I don't own any coin yet but am waiting for delivery of a 'mining' device. It's basically a low power wifi router that runs on radio waves, and helps 'the internet of things' devices... in return for having it turned on you get helium tokens.
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Re: What is the peak price bitcoin will reach in 2021

Postby Swimmerdude99 on Fri May 14, 2021 2:38 pm

mookiemcgee wrote:SAFEMOON - Another doge type knockoff, but there is a 10% tax to trade it so much more stable


Heads up, if you don't know already, this is a rugpull coin. I'd exit as soon as you see/have profit
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Re: What is the peak price bitcoin will reach in 2021

Postby mookiemcgee on Fri May 14, 2021 3:34 pm

Swimmerdude99 wrote:
mookiemcgee wrote:SAFEMOON - Another doge type knockoff, but there is a 10% tax to trade it so much more stable


Heads up, if you don't know already, this is a rugpull coin. I'd exit as soon as you see/have profit


I listed 3 likely rugpull coins lol (FEG, SAFEMOON,ELON). I pulled 1/2 out after 120% increase so I have my investment back... the rest we ride to valhalla! I'm also buying what I consider tiny amounts of these (like $100). I'm ok with them going to 0, it's like buying a lottery ticket (but probably much better odds than lottery lol)

That said... dogecoin was considered a scam/ponzi pretty much since it started. Sometime you gotta be stupid to make stupid money...I just wished I'd picked Shinaibu instead of safemoon a month ago lol.
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Re: What is the peak price bitcoin will reach in 2021

Postby HitRed on Fri May 14, 2021 8:00 pm

You might like this. History of failed currencies.

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Re: What is the peak price bitcoin will reach in 2021

Postby saxitoxin on Fri May 14, 2021 8:57 pm

mookiemcgee wrote:
saxitoxin wrote:mookie ... are you buying Cardano? I just got SOME but I'm not going all-in


I have 'some' as well... are you holding it on an exchange (like coinbase or binance) or in a cardano wallet?

If in cardano wallet, you should consider 'staking' it... especially if you just plan on sitting on it a long while. You will get paid more cardano over time doing this, but there is an inital cost (paid in cardano) for staking it. https://cardano.org/calculator/

If you just want to hold it short term and try and flip it for quick profit, don't bother with staking it

I have a friend (old and rich guy) who bought $1,000,000 worth of cardano in 2018 at $.10, he sold it about a month ago at $1.40 (for $14,000,000). He just bought a house in Nevada and moved there (from our state) to save on income tax hahaha.

I feel like the next things to really explode are matic (polygon) though it might be a little late now as it's been exploding for a month or so, and Kusama & Polkadot are really priming for takeoff


I just have it in Coinbase.

My friend's aunt started a software company and had piles of cash and did the same thing, where she moved to Nevada for six months and one day of the year to escape the franchise tax. I don't understand why people who have the kind-of money to have a tax shelter home decide to get it on a nuclear bomb test site. Anyway, my friend basically lived in her big house in Daly City for six months of the year while she was in Nevada.

Right now I'm 50% Bitcoin, 25% Ethereum, 15% Cardano and 10% USD Coin.

What should I buy if I want a 75% probability of a 4X return within two years?
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Re: What is the peak price bitcoin will reach in 2021

Postby saxitoxin on Fri May 14, 2021 9:08 pm

Tell me how Helium works. I looked at the website but it's too much to read.
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Re: What is the peak price bitcoin will reach in 2021

Postby saxitoxin on Fri May 14, 2021 10:00 pm

saxitoxin wrote:Tell me how Helium works. I looked at the website but it's too much to read.


Wait, nevermind, I just watched a video. Should I do it?

EDIT: I couldn't wait for mookie to get off his ass to serve as my personal help desk. So, I just ordered the Bobcat but it says it will take at least three months! I tried signing up for the Emrit in the meantime.
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Re: What is the peak price bitcoin will reach in 2021

Postby mookiemcgee on Fri May 14, 2021 11:59 pm

saxitoxin wrote:
saxitoxin wrote:Tell me how Helium works. I looked at the website but it's too much to read.


Wait, nevermind, I just watched a video. Should I do it?

EDIT: I couldn't wait for mookie to get off his ass to serve as my personal help desk. So, I just ordered the Bobcat but it says it will take at least three months! I tried signing up for the Emrit in the meantime.


Yeah I ordered some nebra devices the first week of april, they keep pushing the shipping date back and now it says July. But this one wasn't really meant to be a quick buck... plug it in, leave it for 3 years then start maybe selling the rewards for fiat during the next bull run (which will probably start in 3 years, and climax in 4-4.5 years)
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Re: What is the peak price bitcoin will reach in 2021

Postby mookiemcgee on Sat May 15, 2021 12:28 am

saxitoxin wrote:
mookiemcgee wrote:
saxitoxin wrote:mookie ... are you buying Cardano? I just got SOME but I'm not going all-in


I have 'some' as well... are you holding it on an exchange (like coinbase or binance) or in a cardano wallet?

If in cardano wallet, you should consider 'staking' it... especially if you just plan on sitting on it a long while. You will get paid more cardano over time doing this, but there is an inital cost (paid in cardano) for staking it. https://cardano.org/calculator/

If you just want to hold it short term and try and flip it for quick profit, don't bother with staking it

I have a friend (old and rich guy) who bought $1,000,000 worth of cardano in 2018 at $.10, he sold it about a month ago at $1.40 (for $14,000,000). He just bought a house in Nevada and moved there (from our state) to save on income tax hahaha.

I feel like the next things to really explode are matic (polygon) though it might be a little late now as it's been exploding for a month or so, and Kusama & Polkadot are really priming for takeoff


I just have it in Coinbase.

My friend's aunt started a software company and had piles of cash and did the same thing, where she moved to Nevada for six months and one day of the year to escape the franchise tax. I don't understand why people who have the kind-of money to have a tax shelter home decide to get it on a nuclear bomb test site. Anyway, my friend basically lived in her big house in Daly City for six months of the year while she was in Nevada.

Right now I'm 50% Bitcoin, 25% Ethereum, 15% Cardano and 10% USD Coin.

What should I buy if I want a 75% probability of a 4X return within two years?


I can give you my opinion, but not financial advice. I feel like we are only a few months (3-5 months) from the end of the bull run... and for that reason 4x is going to be really tough. I don't think that is gonna happen with bitcoin even with perfect sell timing... could be wrong, but I'm gonna start getting out around 80k, like maybe 20%... 50% out by 100k, and like 80% by 130k.

Eth... in 2017 it got to over 1000... in theory (especially because it's one of the biggest winner of the last 4 years) it could get to 10,000+. Its been zooming for a good 50-60 days now though. I think 2x is very reasonable expectation in the next 4 months. At some point later this year they are fully moving to Eth 2.0, and it involves staking. You can stake now on coinbase, but it locks up your eth until 2.0 is released. I put about 25% into the 2.0 version on coinbase which earns 6% rewards in eth per year.

Cardano... A really strong one that's been around a while and has a loyal following. It's also just started really taking off, so I think you picked a winner for a quick return.

The buzz has all been about De-FI this past year... and while you can't do much directly taking advantage of the actual Defi while stuff is on Coinbase, you can still buy some coins that have been gaining as a result of defi. Yearnfinance is not one I own but it's just been a juggernaut! AAVE, Compound are others that have just had steady and amazing growth all year and don't appear to be finished.

If you are super nerding out, you can always try the strategy of figuring out if some new coins is coming to Coinbase, buying it the very moment it comes out, and selling it like 6-12 hours later because things seems to go way up when they get the exposure to coinbase. The is one called Cartesi that went on coinbase like just a few days ago, and you can look at the chart and see what I mean. same for IExec Rlc. I have no clue what either of them are, but they show up and basically double, and then crash.

If you are successful in overall 2xing everything over the next 4 months I would considering moving like 80-90% to stable coins. They can earn a small interest rate on coinbase (I think)... but if you move them to a Eth wallet (or binance wallet) and then stake it somewhere on the network you can earn legit interest rate (depending on the dapp sometime 40%... just for letting them hold it for you, and it's a coin pegged to USD so a good place to be during a bear market. Not risk free, there is no gov't insuring you for 100k... but I mean 40% interest for just keeping your dollars there would get you to 4x in 2 years if you are compounding the rewards. And if you want in like July 2022 you can start trying to buy stuff like eth or btc and the next big thing you've learned about going down this rabbit hole. Generally its a year or so of down after the ATH's, then a more moderate bull market in 2ish years, then a year of paid and in year 4 another crazy 10x potential.

These are just my observations of the market, I reserve the right to be wrong about everything! If I make it past 10mil (I'm no where close buy i can dream), I'm kinda thinking Puerto Rico! It's a fucking long flight though from CA
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Re: What is the peak price bitcoin will reach in 2021

Postby mookiemcgee on Sat May 15, 2021 12:45 am

Right now I'm like 40% Eth, 20% bitcoin, 60% a basket off all that other stuff I mentioned.

If you aren't already you should consider managing everything from Coinbase pro. You do NOT have to setup a new account, just go to pro.coinbase.com and use the same login. You then have to move all your tokens from Coinbase to Coinbase pro but it's entirely free to do. Coinbase gives you a pretty shitty price, and only does 'market order' trades. It also charges you a really high % for each trade. Coinbase pro let's you set buy sell prices like you would with stocks, so you get a very accurate price and the % fee for making the trades is also much lower. For instance, I can just put a sell order in for half my bitcoin at $100k price and if that happens 4 months from now when I'm asleep the trade will go through. I honestly don't really like the interface very much, coinbase is much cleaner but the trading mechanism is just way better/cheaper.
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Re: What is the peak price bitcoin will reach in 2021

Postby mookiemcgee on Sat May 15, 2021 3:18 pm

HitRed wrote:You might like this. History of failed currencies.



You make some good point here ser... gold isn't a currency it's just metal, and the USD does appear to be beginning to fail!

Thank goodness crypto came along when it did!!!
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Re: What is the peak price bitcoin will reach in 2021

Postby Swimmerdude99 on Sat May 15, 2021 8:59 pm

saxitoxin wrote:
mookiemcgee wrote:
saxitoxin wrote:mookie ... are you buying Cardano? I just got SOME but I'm not going all-in


I have 'some' as well... are you holding it on an exchange (like coinbase or binance) or in a cardano wallet?

If in cardano wallet, you should consider 'staking' it... especially if you just plan on sitting on it a long while. You will get paid more cardano over time doing this, but there is an inital cost (paid in cardano) for staking it. https://cardano.org/calculator/

If you just want to hold it short term and try and flip it for quick profit, don't bother with staking it

I have a friend (old and rich guy) who bought $1,000,000 worth of cardano in 2018 at $.10, he sold it about a month ago at $1.40 (for $14,000,000). He just bought a house in Nevada and moved there (from our state) to save on income tax hahaha.

I feel like the next things to really explode are matic (polygon) though it might be a little late now as it's been exploding for a month or so, and Kusama & Polkadot are really priming for takeoff


I just have it in Coinbase.

My friend's aunt started a software company and had piles of cash and did the same thing, where she moved to Nevada for six months and one day of the year to escape the franchise tax. I don't understand why people who have the kind-of money to have a tax shelter home decide to get it on a nuclear bomb test site. Anyway, my friend basically lived in her big house in Daly City for six months of the year while she was in Nevada.

Right now I'm 50% Bitcoin, 25% Ethereum, 15% Cardano and 10% USD Coin.

What should I buy if I want a 75% probability of a 4X return within two years?


I can't ever tell which one of the regular contributing forum guys are trolling and which ones are serious. But if you are actually looking for what someone else might be doing, I am happy to share what I'm doing, but by no means will you find an answer to your very specific question except the one you feel most confident in.

I pulled out. I'm waiting for the crash and will invest as it goes down (well I think anyways). And my plan is to end up reinvested 50% eth, 25% link and the rest spread around a bit in DOT, Cardano and possibly some other shitcoins.

I think BTC is just about dead for growth. I moved all mine over beginning of this year due to Eth 2.0. Thought that before this bullrun. I really do not think it reliably goes above 100k myself. I voted 75k here thinking the upper limit this year was 70k, but doesn't look like it will make it there.
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Re: What is the peak price bitcoin will reach in 2021

Postby HitRed on Sat May 15, 2021 9:54 pm

So what information do you have to determine a buy?

I assume no corporate earning or financials?
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Re: What is the peak price bitcoin will reach in 2021

Postby mookiemcgee on Sat May 15, 2021 10:01 pm

HitRed wrote:So what information do you have to determine a [i]buy?


I could answer this but I think it was directed at Swimmer so I'll wait for him. Always curious to see what cues people take in regards to this question.

For what it's worth I actually voted 75k also when I made this!

But i have since revised up a few times in this thread because bitcoin needed a cheerleader
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Re: What is the peak price bitcoin will reach in 2021

Postby HitRed on Sat May 15, 2021 10:16 pm

Ok, I’ll wait.

Follow-up question.

What does a strategic advantage for one crypto currency over another look like?

Common Example
A railroad stock Norfolk Southern controls 19,420 route miles of track.
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Re: What is the peak price bitcoin will reach in 2021

Postby mookiemcgee on Sat May 15, 2021 10:33 pm

HitRed wrote:Ok, I’ll wait.

Follow-up question.

What does a strategic advantage for one crypto currency over another look like?

Common Example
A railroad stock Norfolk Southern controls 19,420 route miles of track.


Rather than trying to describe the actual advantages of any single one (though we can go down that road if you want with a few examples), 'I will point to The scalability trilemma'. Three important elements of a blockchain, and alot of the differentiation between the major coins is the choices they made to balance these three things:

Scalability—the capacity to process transactions—is measured by the network’s throughput. To fulfil their revolutionary promises, blockchains must be able to accommodate thousands or millions of transactions on the network without compromising on settlement times or efficiency.

Security—the capacity to withstand attacks—is a function of the immutability of the ledger and its ability to resist fraud and malicious threats like 51% attacks.

Decentralization—the idea at the heart of blockchain—is determined by the number of nodes under individual control that maintain the network. The more separate nodes that support the network, the more censorship-resistant the network becomes.
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Re: What is the peak price bitcoin will reach in 2021

Postby saxitoxin on Sun May 16, 2021 1:15 am

mookiemcgee wrote:
saxitoxin wrote:
saxitoxin wrote:Tell me how Helium works. I looked at the website but it's too much to read.


Wait, nevermind, I just watched a video. Should I do it?

EDIT: I couldn't wait for mookie to get off his ass to serve as my personal help desk. So, I just ordered the Bobcat but it says it will take at least three months! I tried signing up for the Emrit in the meantime.


Yeah I ordered some nebra devices the first week of april, they keep pushing the shipping date back and now it says July. But this one wasn't really meant to be a quick buck... plug it in, leave it for 3 years then start maybe selling the rewards for fiat during the next bull run (which will probably start in 3 years, and climax in 4-4.5 years)


Should I get multiples? I feel like I want to try one to see how it works, and then get a few more and place them around the city. However, with the lag times to order fulfillment that sounds like a losing strategy.
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Re: What is the peak price bitcoin will reach in 2021

Postby saxitoxin on Sun May 16, 2021 1:16 am

mookiemcgee wrote:
saxitoxin wrote:
mookiemcgee wrote:
saxitoxin wrote:mookie ... are you buying Cardano? I just got SOME but I'm not going all-in


I have 'some' as well... are you holding it on an exchange (like coinbase or binance) or in a cardano wallet?

If in cardano wallet, you should consider 'staking' it... especially if you just plan on sitting on it a long while. You will get paid more cardano over time doing this, but there is an inital cost (paid in cardano) for staking it. https://cardano.org/calculator/

If you just want to hold it short term and try and flip it for quick profit, don't bother with staking it

I have a friend (old and rich guy) who bought $1,000,000 worth of cardano in 2018 at $.10, he sold it about a month ago at $1.40 (for $14,000,000). He just bought a house in Nevada and moved there (from our state) to save on income tax hahaha.

I feel like the next things to really explode are matic (polygon) though it might be a little late now as it's been exploding for a month or so, and Kusama & Polkadot are really priming for takeoff


I just have it in Coinbase.

My friend's aunt started a software company and had piles of cash and did the same thing, where she moved to Nevada for six months and one day of the year to escape the franchise tax. I don't understand why people who have the kind-of money to have a tax shelter home decide to get it on a nuclear bomb test site. Anyway, my friend basically lived in her big house in Daly City for six months of the year while she was in Nevada.

Right now I'm 50% Bitcoin, 25% Ethereum, 15% Cardano and 10% USD Coin.

What should I buy if I want a 75% probability of a 4X return within two years?


I can give you my opinion, but not financial advice. I feel like we are only a few months (3-5 months) from the end of the bull run... and for that reason 4x is going to be really tough. I don't think that is gonna happen with bitcoin even with perfect sell timing... could be wrong, but I'm gonna start getting out around 80k, like maybe 20%... 50% out by 100k, and like 80% by 130k.

Eth... in 2017 it got to over 1000... in theory (especially because it's one of the biggest winner of the last 4 years) it could get to 10,000+. Its been zooming for a good 50-60 days now though. I think 2x is very reasonable expectation in the next 4 months. At some point later this year they are fully moving to Eth 2.0, and it involves staking. You can stake now on coinbase, but it locks up your eth until 2.0 is released. I put about 25% into the 2.0 version on coinbase which earns 6% rewards in eth per year.

Cardano... A really strong one that's been around a while and has a loyal following. It's also just started really taking off, so I think you picked a winner for a quick return.

The buzz has all been about De-FI this past year... and while you can't do much directly taking advantage of the actual Defi while stuff is on Coinbase, you can still buy some coins that have been gaining as a result of defi. Yearnfinance is not one I own but it's just been a juggernaut! AAVE, Compound are others that have just had steady and amazing growth all year and don't appear to be finished.

If you are super nerding out, you can always try the strategy of figuring out if some new coins is coming to Coinbase, buying it the very moment it comes out, and selling it like 6-12 hours later because things seems to go way up when they get the exposure to coinbase. The is one called Cartesi that went on coinbase like just a few days ago, and you can look at the chart and see what I mean. same for IExec Rlc. I have no clue what either of them are, but they show up and basically double, and then crash.

If you are successful in overall 2xing everything over the next 4 months I would considering moving like 80-90% to stable coins. They can earn a small interest rate on coinbase (I think)... but if you move them to a Eth wallet (or binance wallet) and then stake it somewhere on the network you can earn legit interest rate (depending on the dapp sometime 40%... just for letting them hold it for you, and it's a coin pegged to USD so a good place to be during a bear market. Not risk free, there is no gov't insuring you for 100k... but I mean 40% interest for just keeping your dollars there would get you to 4x in 2 years if you are compounding the rewards. And if you want in like July 2022 you can start trying to buy stuff like eth or btc and the next big thing you've learned about going down this rabbit hole. Generally its a year or so of down after the ATH's, then a more moderate bull market in 2ish years, then a year of paid and in year 4 another crazy 10x potential.

These are just my observations of the market, I reserve the right to be wrong about everything! If I make it past 10mil (I'm no where close buy i can dream), I'm kinda thinking Puerto Rico! It's a fucking long flight though from CA


OKAY, going through this now.
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Re: What is the peak price bitcoin will reach in 2021

Postby saxitoxin on Sun May 16, 2021 1:27 am

I was thinking of starting a crypto linked to real assets of human trafficking. I think this would be a stable coin. The thing is, the longer you hold it, the more it decreases in value as the humans tend to use up their productivity within a few years. So it would really be a get in/get out buy/sell approach. I think this could be a niche and profitable crypto market. I've dabbled a bit in human trafficking but I'm not an expert; mostly just staking some small-time smugglers running the Laos-to-Macau-to-Dubai route.

Another idea for a stable coin I had is linked to endangered species. Because the number of these is finite and known you could realize rapid returns through periodic culls of the animals. For example, there are something like 65,000 orangutans in the wild. If you culled 6500 you'd essentially increase the price of the coin by 10%. A consistent cull over a period of 10-20 years would realize exponential profits until the population reached four or five orangutans.
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Re: What is the peak price bitcoin will reach in 2021

Postby mookiemcgee on Sun May 16, 2021 1:53 am

saxitoxin wrote:
mookiemcgee wrote:
saxitoxin wrote:
saxitoxin wrote:Tell me how Helium works. I looked at the website but it's too much to read.


Wait, nevermind, I just watched a video. Should I do it?

EDIT: I couldn't wait for mookie to get off his ass to serve as my personal help desk. So, I just ordered the Bobcat but it says it will take at least three months! I tried signing up for the Emrit in the meantime.


Yeah I ordered some nebra devices the first week of april, they keep pushing the shipping date back and now it says July. But this one wasn't really meant to be a quick buck... plug it in, leave it for 3 years then start maybe selling the rewards for fiat during the next bull run (which will probably start in 3 years, and climax in 4-4.5 years)


Should I get multiples? I feel like I want to try one to see how it works, and then get a few more and place them around the city. However, with the lag times to order fulfillment that sounds like a losing strategy.


I would start with one. Befriending some spray paint artist that like to prowl big cities at night in high elevation locations makes them perfect scouts for your next round of purchases!
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Re: What is the peak price bitcoin will reach in 2021

Postby mookiemcgee on Sun May 16, 2021 1:54 am

saxitoxin wrote:I was thinking of starting a crypto linked to real assets of human trafficking. I think this would be a stable coin. The thing is, the longer you hold it, the more it decreases in value as the humans tend to use up their productivity within a few years. So it would really be a get in/get out buy/sell approach. I think this could be a niche and profitable crypto market. I've dabbled a bit in human trafficking but I'm not an expert; mostly just staking some small-time smugglers running the Laos-to-Macau-to-Dubai route.

Another idea for a stable coin I had is linked to endangered species. Because the number of these is finite and known you could realize rapid returns through periodic culls of the animals. For example, there are something like 65,000 orangutans in the wild. If you culled 6500 you'd essentially increase the price of the coin by 10%. A consistent cull over a period of 10-20 years would realize exponential profits until the population reached four or five orangutans.


Hmmm, I think I'm only an investor in the second idea. Hyper-deflationary tokens like that totes give me a hard-on.
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Re: What is the peak price bitcoin will reach in 2021

Postby saxitoxin on Sun May 16, 2021 1:56 pm

mookiemcgee wrote:
saxitoxin wrote:
mookiemcgee wrote:
saxitoxin wrote:
saxitoxin wrote:Tell me how Helium works. I looked at the website but it's too much to read.


Wait, nevermind, I just watched a video. Should I do it?

EDIT: I couldn't wait for mookie to get off his ass to serve as my personal help desk. So, I just ordered the Bobcat but it says it will take at least three months! I tried signing up for the Emrit in the meantime.


Yeah I ordered some nebra devices the first week of april, they keep pushing the shipping date back and now it says July. But this one wasn't really meant to be a quick buck... plug it in, leave it for 3 years then start maybe selling the rewards for fiat during the next bull run (which will probably start in 3 years, and climax in 4-4.5 years)


Should I get multiples? I feel like I want to try one to see how it works, and then get a few more and place them around the city. However, with the lag times to order fulfillment that sounds like a losing strategy.


I would start with one. Befriending some spray paint artist that like to prowl big cities at night in high elevation locations makes them perfect scouts for your next round of purchases!


I can get a dedicated desk next to a window on the second floor of several coworking spaces here for like $300/month. If I rented like 4-5 of those around town I could just leave a Bobcat at each one and anchor it there with a bicycle lock to the desk. Do you think that's a good idea?
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Re: What is the peak price bitcoin will reach in 2021

Postby saxitoxin on Sun May 16, 2021 5:03 pm

mookiemcgee wrote:
saxitoxin wrote:I was thinking of starting a crypto linked to real assets of human trafficking. I think this would be a stable coin. The thing is, the longer you hold it, the more it decreases in value as the humans tend to use up their productivity within a few years. So it would really be a get in/get out buy/sell approach. I think this could be a niche and profitable crypto market. I've dabbled a bit in human trafficking but I'm not an expert; mostly just staking some small-time smugglers running the Laos-to-Macau-to-Dubai route.

Another idea for a stable coin I had is linked to endangered species. Because the number of these is finite and known you could realize rapid returns through periodic culls of the animals. For example, there are something like 65,000 orangutans in the wild. If you culled 6500 you'd essentially increase the price of the coin by 10%. A consistent cull over a period of 10-20 years would realize exponential profits until the population reached four or five orangutans.


Hmmm, I think I'm only an investor in the second idea. Hyper-deflationary tokens like that totes give me a hard-on.


Actually, that was a thought experiment, but what if I started Apecoin which was mined by species propagation among Eastern Gorillas? There would initially be 2600 Apecoin - equal to the IUCN census of Eastern Gorilla - and one new Apecoin would be mined and split among all current Apecoin holders through a smart contract executed each time IUCN updated its census in relation to the increases in Eastern Gorilla population (e.g. if the census increased by 10 Eastern Gorilla, 10 new Apecoin would be mined). As the value of Apecoin increased, and holding Apecoin became more lucrative, it would incentivize Apecoin holders to make investments into Eastern Gorilla habitat and preservation in order to generate new coins. That way we'd also get a bunch of fancy neoliberals to also buy Apecoin because they'd be making money while helping the environment. Do you think that would work? Would you buy Apecoin?

If 2600 coin were too little, we could do Ecocoin which is linked to world forest acreage. There would initially be 4.06 billion Ecocoins and one Ecocoin would be mined or destroyed with each new hectare of forest created or destroyed, executed by smart contract linked to the FAO's current world forest estimate (http://www.fao.org/state-of-forests/en/). Increases and decreases in coin circulation would be borne by current coin holders in proportion to their holdings. As the price of Ecocoin increased that would also serve as a bellwether for REITs because it would portend increases in property values for commercial and residential real estate holdings due to decreases in buildable land.
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