Bitcoin and Crypto Talk (Merged)(includes NFT) (1 Viewer)

[Tapxe]

Shiba at $1 would be almost 400x the market cap of Bitcoin (which is growing more and more institutionally owned).

 

[itztime]

Devils advocate didn’t they say DOGE couldn’t hit .01 and it went as high as .71?

 

[superchuck500]

Shibas running again even without Coinbase.

 

[superchuck500]

Devils advocate didn’t they say DOGE couldn’t hit .01 and it went as high as .71?

Yes but DOGE’s circulation is almost 1/3000th of Shibas. Basic pessimism is one thing, sheer nonsense based on simple economic reality is another.

 

[itztime]

Yes but DOGE’s circulation is almost 1/3000th of Shibas. Basic pessimism is one thing, sheer nonsense based on simple economic reality is another.

Gotcha, I didn’t realize the market cap was that much greater. Let the burn begin!

I read somewhere but I do not know how true, there is some service for every song you listen to on Spotify it will burn 20 SHIB coins.

 

[Tapxe]

Gotcha, I didn’t realize the market cap was that much greater. Let the burn begin!

I read somewhere but I do not know how true, there is some service for every song you listen to on Spotify it will burn 20 SHIB coins.

Oh my, the right script could burn quite a bit at that rate I'd think.

 

[itztime]

Oh my, the right script could burn quite a bit at that rate I'd think.

I found it!

 

[DaveXA]

I found it!

Nah, this isn't market manipulation at all. Nothing to see here. Right?

 

[Tapxe]

Nah, this isn't market manipulation at all. Nothing to see here. Right?

Well I'm assuming Spotify is making money somehow. Maybe there's the major buy that happened a couple days ago. I'm not sure how the play would work tho.

 

[superchuck500]

Well I'm assuming Spotify is making money somehow. Maybe there's the major buy that happened a couple days ago. I'm not sure how the play would work tho.

I think this is also a math exercise - burning 20 coins per song , even if it is wildly successful (it won't be) still amounts to maybe a 20 million coins? It's maybe a thousand dollars worth? Or less?

That doesn't move the market, which is currently at about $35 billion market cap.

 

[Twyst]

, i think it was @Twyst who mentioned he bought a condo in Thailand and the healthcare is high-end and super-cheap to pay out of pocket.

If I was here year round i would still get insurance, its considerably cheaper but always good to have. But yes things are considerably cheaper. Private hospitals here are top notch, the super cheap ones are super cheap but you have to wait a long time etc. Private hospitals here are honestly better than anything Ive been to in the states and most of the doctors in the private hospitals were educated in the US or Europe. To lay out the difference in costs, I know someone who had to have an MRI at one of the top hospitals here. He had to pay out fully out of pocket and his bill came to $300


This is probably the best hospital here, there are some that are more luxurious but this one hits the balanceof being nice with great service AND being a cutting edge hospital with top level doctors. https://www.bumrungrad.com/en/about-us/bumrungrad-international-hospital

 

[superchuck500]

Nice that Coinbase finally came back online.

So keeping score at home, this publicly traded company couldn't handle a meme coin spike and had to go offline for hours.

 

[DaveXA]

I think this is also a math exercise - burning 20 coins per song , even if it is wildly successful (it won't be) still amounts to maybe a 20 million coins? It's maybe a thousand dollars worth? Or less?

That doesn't move the market, which is currently at about $35 billion market cap.

True, but, what the suggestion that you could have someone running a bot or some such that could dramatically increase that 20 million number. Maybe IT or security at Spotify can nip that in the bud if they see it. But idk. Good point on the relative math though. It would take an awful lot to manipulate prices, so I concede my suggestion doesn't really add up.

 

[itztime]

I think this is also a math exercise - burning 20 coins per song , even if it is wildly successful (it won't be) still amounts to maybe a 20 million coins? It's maybe a thousand dollars worth? Or less?

That doesn't move the market, which is currently at about $35 billion market cap.

Yeah going to be hard to put a dent in that unless some major whales come to the table with huge burns, looks like this guy though has already 1.5 million burns.




Here is a "Meet Kevin" video regarding SHIB, some analysis here, title is bait.

 

[A Saints Life]

By major burn I mean destroying the coins. This reduction in total # of coins increases each in value by lowering that top # achievable. There's a bit of discussion floating about with folks like Buterin destroying billions.

Heard a rumor today that with any shiba sold right now, they will burn 10% of those coins. I have no clue how it all works or if it’s true. Only thing I know is I got in early and got 100 million shares for $1500. Hoping this continues to go up