@Cesc0410
@Cesc0410
Unit bias is a powerful illogical force, people would rather own 10000 doge than a fraction of a Bitcoin because they feel they own more when in fact they own less of the network Quantitative tightening isn’t something people can grasp yet and that’s why these Alts coins are around to trick people who have yet to learn
@Cesc0410
lol I think it’s safe to say we won’t be kissing 30k again, shout out to everyone who sold at 30k it’s a hard lesson to learn.. This 34-38 range is seeing a lot of consolidation so get in while you can because I can’t see it holding here for very long #Bitcoin
@Cesc0410
After all this lock down stuff we see so much unemployment around the world governments are trying to rebuild jobs and distribute more money to do so but at what cost? The more you print the more you steal and kill price signals The more price signals you kill the more business models you kill, the more you prop up broken business models to avoid creative destruction. Unemployment isn’t a bad thing in a hard money system but in a fiat money system it’s doom and gloom
@Cesc0410
I have no problem with people wanting to shit coin that realise it’s gambling and are spending money they can afford to lose but they are suckering in people who cannot afford it with dreams of gains Shitcoining is a privilege not everyone can afford and no ones going to bail you out!
@Cesc0410
Bitcoins rampage has made it hard to accumulate a lot with your fiat especially in emerging markets like my own now that Bitcoin has dropped 50% from its all time high and the US dollar has dropped 29% agains the South African Rand I am able to get 190 Sats for every 1 Rand I spend that’s a 37% increase in Sats per Rand more than I got all year this is a great time to buy Bitcoin if you’re in an emerging market Distribute them coins to africa
@Cesc0410
I recently bought some liquid Bitcoin on sideshift and noticed they also sell stable coins built on BCH chain, does anyone know how these coins work apparently they called SLP tokens #Bitcoin
@Cesc0410
With all this ranting and raving about DeFi and investors chasing bigger and bigger interest rates I think a lot of people are missing the point most of this interest is paid for by inflation and not economic efficiency This is why I opt for Bitcoin interest instead while it may be low in nominal terms between 3.5-6 percent depending on the platform you use, Bitcoins inflation rate is so low 1.78% meaning you get a premium of 2.4% or more while these other coins are paying…
@Cesc0410
If you ever want to get into the frame of mind behind Satoshis motivations to create Bitcoin then you have to watch the documentry the inside job on Netflix if this show doesn’t explain why you should get out of fiat and into Bitcoin then nothing will #Netflix
@Cesc0410
I am so tired of seeing so many people trying to FUD Bitcoin as being a waste of energy these narratives have such bad data and make so many assumptions without looking or comparing it to the current systems I’ve gone through some of the arguements and none of them hold any water, so I’ll be keeping my Bitcoin I think all this FUD is just people trying to scare people out of their positions. Bitcoin is truly valuable and people won’t play fair in trying to get it from you
@Cesc0410
El Salvador 🇸🇻 becoming the first Bitcoin legal tender currency country is the biggest news I’ve heard in ages! I can’t understand how this gets so little media but Elon’s tweets gets thousands of articles It just shows that changing the world and lives is not popular! #Bitcoin
@Cesc0410
I’ve started to add liquid Bitcoin to my holdings instead of main chain Bitcoin because it’s much cheaper to use and allows me to consolidate before I touch the main chain I’ve been using side shift to swap out altcoins I had to get more LBTC Do you own any LBTC? #Bitcoin
@Cesc0410
One of the reasons why a hard money stances like Bitcoin gets so much hate is because it helps level the playing fields. You cannot consume without producing and most of the elites have not lived under that they were able to fund their lives and expansion with debt Under a hard money standard it’s all about what you put in not who you know or the connections you have in power structures I say bring it on, it’s time we all play on the same chess board
@Cesc0410
LOL what happened to all the big mouth bullish Bitcoiners? - institutions are buying - countries are mining - companies are buying PayPal, Tesla, square all putting it on their balance sheet! Doesn’t mean we still won’t have weak hands The FUD is at an all time high, these dips won’t last forever, I’ll be buying all the way down! As long as I have more Sats then I had yesterday I am happy
@Cesc0410
I think investing in doge comes with a darker mindset yes many are just having fun or trying to get rich quick but there is a cohort of people who are fed up with the system and feel pumping a meaningless meme coin is a way to show their distaste for the way things are If value can be stolen then value can be created from thin air! If governments can run economies on printing money why not just invest in a doge coin It’s a sad narrative but one I understand and sympathise…
@Cesc0410
Am i the only one who sits and wonders what Binance Smart Chain and Ethereum actually do apart from facilitate gambling, rug pulls, speculation, wasting resources and migrating value to the insiders who hold and issue the base token? Is there something I’m missing? #DeFi
@Cesc0410
Tried out some kimchi tacos 🌮 it was a pretty interesting mix #FoodPhotography
@Cesc0410
I’ve been using the Bitcoin liquid and lightning network for some time now and I have to say it’s really made me more bullish about using Bitcoin It still has its problems, clunky not great wallet integration but I’m sure that comes with time! Bitcoin second layers solutions will also be able to talk to each other in the future and there will be very little need to settle on the base chain which is awesome I think this blows a lot of altcoin use cases out of the water and…
@Cesc0410
So it’s Friday and the power is out so I wasn’t keen on making something to eat and got myself this big ass burger 🍔 instead! Will regret it for the rest of the week and will need to work it off lol #FoodPhotography
@Cesc0410
I’ve been in Bitcoin for 5 years now and ive seen Cryptos come and go and I’m still trying to figure out what exactly these cryptocurrrncies do? What is their use cases? I think there’s fundamental flaws in crypto that people aren’t willing to admit
@Cesc0410
I see so much misinformation in the cryptocurrency market people claiming that attributes that Bitcoin has, anti-fragile, censorship resistance, decentralisation, store of value translates to altcoins but this absolutely not true None of those other coins have these attributes they’ve made trade offs for speed or adding complexity or manipulating inflation to attract investors If you’re not willing to do the research and realize what you’re buying you’re going to lose money!…
@Cesc0410
So the JSE have rejected a request to have a Bitcoin ETF listed in South Africa! The country is taking a tough stance against Bitcoin and I think that’s only going to hurt it further Bitcoiners know where they are not wanted and if this keeps up we’ll see innovation leave the country #Bitcoin
@Cesc0410
People talk about diversity in a portfolio and not having your eggs in one basket but people misunderstand this advice. I see in crypto people buying all sorts of alt coins thinking they are diversifying when in fact all these assets are correlated to one another so why even bother? Just stick to the asset class leader All you are doing is buying the loser, if we look at the smartphone market was it better to buy blackberry apple and Nokia or go all in on Apple? Diversity…
@Cesc0410
People are shitting in Bitcoin for its energy use as of eveyeone is just using 0 energy or are all 100% green! Your entire life is carbon negative and your Electric car and solar panels are made with carbon emissions The bullshit is getting so bad now, but keep fudding I need more cheap Sats and once the BTC flippening happens I’ll personally be there to laugh when all these fudsters are desperately trying to get in on BTC #Bitcoin
@Cesc0410
All the media and shill coverage of ETH it’s abo 2.0 and it’s going to scale but no one is talking about the clear inflation problem piling up on ETH that could be a ticking time bomb for the chain once they move over to ETH 2 If you’re asking these ETH head junkies not to sell their coins they earned for a 2 year lock up you got to be kidding ETH heads are fiat maxis and they going to dump once that new supply is unlocked What do you think of ETHs hidden inflation problem?…
@Cesc0410
I tried making 🌶 chilli poppers tonight and lol my first attempt didn’t come out too bad but it burned so good could hardly make it through one before I could grab my smoothie #FoodPhotography
@Cesc0410
Hustle culture has taken over we see it on social media all the time go hustle, start a side hustle, make more money and alt coins have now become a part of it As fiat is debased people are forced to work harder or take on more risk! Bitcoin to me is the only thing that goes against hustle culture and pushes saving, patience and prudence and rewards these values which have long been lost by this generation #Economics
@Cesc0410
I went to town on this Braai, corn, sweet potato, veggies, 🥩 steak and sausages! Yum yum 😋 #FoodPhotography
@Cesc0410
I found this really cool website that allows you to instantly swap tokens for Bitcoin on the lightning network! I tried it out with some TRX that I had earned via steem and it couldn’t have been easier so stoked to have more BTC #Bitcoin
@Cesc0410
MATIC has become the rug pull chain of choice with the ability to spin up copy cats from ETH and BSC and cheap usage of the chain it’s attracting all sorts of retail and bots on the platform. The amount of scams on this chain makes ETH and BSC look like church bingo compared to this crazy casino Crypto is broken and not for the better #DeFi
@Cesc0410
So the Tether FUD is back and many people are ignoring it but as this thing passed 60 billion on its way to 70 billion the claims that it’s unbackef only become more dangerous The last proof of reserves only showed 3% cash and the rest were all investments like crypto, loans, commercial paper which is really scary! I don’t know why USDT could not make money off fees alone for their service and this just seems like greed having to reinvest the treasury into illiquid markets…
@Cesc0410
It was my first time making yellow fin tuna! I made a mix of Olive oil soy sauce masala, pepper and curry leaves and fried it slightly wow it was amazing 😻 #FoodPhotography
@Cesc0410
The more I think of it the more I see what’s going on in crypto as fiat number 2 all these nee currencies based on nothing no cash flow, no product, no proof of work, not backed by anything just rampant speculation and inflation wash trading Bitcoin was meant to free us from this but crypto to me is just fiat with a blockchain! I’ve seen no project other than Bitcoin committed to decentralisation and upholding their monetary policy which is why I stick to it Shitcoin gains…
@Cesc0410
As proof of work pushes miners to find the cheapest and least competitive energy and better store it in Bitcoin, could we see a move to decentralising populations? People moving to be closer to Bitcoin mines and create Bitcoin economies of scale in each area? I think so! #Bitcoin
@Cesc0410
I decided to cook some sirloin steaks 🥩 on the fire with a little pepper garlic butter and man did they come out great 👍🏿 #FoodPhotography
@Cesc0410
Elon has been dubbed the doge father and spoken about how much he loves meme’ing things but if we look at his flag ship company isn’t it itself a meme stock? #Leofinance
@Cesc0410
Banks in South Africa have blocked credit and debit card purchases with foreign exchanges! Bitcoin is really showing you which countries believe in freedom and which countries are run by dictators! I say good on you show your true colours! We will go where we are treated best #Bitcoin
@Cesc0410
It’s funny how the narrative of Bitcoin keeps changing this year as it runs up in price! They tried to FUD it with the environment narrative, then it was the banning in Nigeria, Turkey and now China! Now it’s pushing out the miners in China and this thing is not dying The cyber hornets like myself are buying up the dips and keeping it going! This is a state attack make no mistake about it Even if you don’t like Bitcoin, you have to realize that if they could take down…
@Cesc0410
The lower Bitcoin goes the cheaper it is for HODLers to acquire and new Bitcoiners get in! Remember that the market price is set on the sale of the float in circulation which becomes thinner over time as the prices continue to drop Long term hodlers are will continue to take chunks out of it but they have no incentive to pump the price! We want more Satoshis, if you’re keen building a position in Bitcoin now is the time Sell orders will eventually dry up! This is just…
@Cesc0410
I just spotted this bad boy today blockstream have placed in Pre-order their Jade hardware wallet is only $40 cheapest wallet I’ve seen so far, it can hold BTC, L-BTC and other liquid assets and it’s fully open source both hardware and software It’s great seeing innovation like this and making Bitcoin cheaper to custody! I can’t wait to get mine, I already have a ledger but this thing looks great for the price #Bitcoin
@Cesc0410
Seeing all the tether FUD I am pretty excited to see that smart contracts on the lightning network will allow users to settle transactions in stable coin balances with Bitcoin backed stable coins in any currency This is a game changer for stable coins and for the lightning network! I think it’s only going to expand the reach of layer 2 and with interoperability with liquid that does use pegged stable coins, the possibility for fully backed stable coin transactions are going…
@Cesc0410
Lol I’m so over this community narrative oh I’m in it for the community LOL, since when did you all become socialists overnight? The bunch of avatars online giving you confirmation bias and misinformation about coins isn’t exactly what I would call a community I don’t care about the community, Bitcoin is rational self interest, it’s about saving your wealth and saving yourself! No ones going to save you but you! Those that think for themselves find their way to Bitcoin!…
@Cesc0410
A South African exchange exit exams with 69 000 BTC which is absolutely crazy, I feel for those who trusted this service and left their Bitcoin with this business but it’s another hard lesson that people have to keep learning not your keys not your Bitcoin! These people will eventually have to dump these coins into the market and Releasing the news before hand means they won’t get the profits they thought they would get as people dump on bad news It’s a hard lesson to learn,…
@Cesc0410
Damn what a week for bad news in Bitcoin it stated with the China ban, then this South African exit scam, now Scotland Yard seizing so called criminal Bitcoin of over £100 million. That’s not to mention the fee thousand Bitcoin seized by the FBI recently it’s amazing all these stories just keep breaking and it’s always only Bitcoin It just shows that alt coins are of no danger to governments they know they can capture those in a second if they wanted to but with Bitcoin they…
@Cesc0410
The boy decided to get stuck in the kitchen and bake me a pie! Low key wanting sushi though but it’s too cold for that now #FoodPhotography
@Cesc0410
people underestimate the level of dishonesty in crypto and think they not the one holding the shitcoin! look how if you bring constructive criticisms to any digital asset project the holders lose their minds and have no real arguments other than they hold the token I personally don’t give a shit if you don’t own Bitcoin, I don’t care if you hate it. I am willing to listen to your case against it if you have valid arguments yet shitcoiners don’t have that level of honesty…
@Cesc0410
If you do any sort of search for Bitcoin 99.9% of the articles are about price it went from this to this and then a bunch of word salad, media sites are so desperate for clicks as if we all don’t have access to coingecko and other pricing sites I just think this is lazy journalism they know it’s an easy way to get clicks without doing real work and because of that they don’t spend time looking at what Bitcoin really is, bothering to learn how things are being added, what’s…
@Cesc0410
Lol looks like ETH heads don’t know how to manage their keys! A large staker on ETH 2.0 used a custodial service and between them they lost the private keys to 38 000 ETH and now they are taking the custodial service to court because they lack the ability to manage their own keys lol shitcoiners really don’t want to take ownership of their money man just use fiat - https://theflipcoin.com/second-largest-eth2-staking-pool-sues-fireblocks-after-75-million-ethereum-blunder/…
@Cesc0410
South Africa just went into level 4 lock down, so prohibition on alcohol, limited gatherings, no restaurant dining, no travelling this is nuts! Just when the country was starting to get back on its feet we are hit with a sucker punch When I see news like this it just makes me more bullish on Bitcoin the only thing that cannot be mishandled by governments and I’ll keep stacking Sats and protecting myself against these totalitarian decisions
@Cesc0410
I’ve been reading about gasification that extracts gas from landfills and then converts into electricity imagine if we add Bitcoin mining into such projects and people can turn their waste into Bitcoin How would that change the ESG narrative on its head? #Bitcoin
@Cesc0410
The more I learn about Tesla the more I am freaked out by it’s valuations, I feel like this company has too many people not looking at what’s actually going on and too focused on the future It’s the same thing that happened with world com and Enron and because many people are being rewarded with increased stock prices funded by debt it’s in no ones interest to call this out Short sellers are getting mangled in the markets as fan boys in retail love the stock and institutions…
@Cesc0410
Looks like defi projects and their developers have grown tired of rug pulling users assets and instead are how doing a soft rug where they either premine or issue themselves a bunch of tokens and dump it into project announcements to secure funds without having to dev or do anything Easy money and you can even rinse and repeat depending on how dumb your audience is or maybe spend some of your earnings getting deplorable influencers to shill your shit coin #DeFi
@Cesc0410
So Bitcoin won the - store of value case - hard cap - censorship resistant case - competitive network and coinjoins - Decentralized case - most nodes - cheap payments - lighting and liquid Smart contracts are on the base chain with DLC and coming to lightning with the taproot activation. So remind me again why we need all these shitcoins? #Bitcoin
@Cesc0410
Are you planning to hand your Bitcoin to someone when you pass away or will your address be a coin burn for the community? Many people feel that this is a bug of the system but I see it as a feature, that if you can’t decide who to hand your funds to then the coins are destroyed/taken off the market and pushing that value towards the community and reallocate that value to another generation of capital holders #Bitcoin