jamest wrote:
Cola isn't a currency, it's a company that sells its products in return for a currency.
More denSity than a neutron star
edit: missing S
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jamest wrote:
Cola isn't a currency, it's a company that sells its products in return for a currency.
OlivierK wrote:
Look, james, there's a reason I never pursued a career as a teacher (as many mathematicians do). It's because my teaching style is to explain things once, then if that doesn't work, try again using smaller words, and then if that doesn't work, lose my temper and call the recalcitrant student an idiot. As I've got older and more mellow, I've just come to the conclusion that teaching isn't my best skill, so I just tend to give up after the first two steps.
I started typing an explanation for you using even smaller words, but deleted it from this post because it ended up pretty much identical to what I've already posted. I have nothing to add, except that perhaps you might look up your own country's level of reserves. It's historically high at about £180b. Probably about £100b of that is USD denominated, and £50b EUR (for strategic reasons, most countries don't disclose their holdings). If the USD failed, let's just assume for the sake of argument a worst case scenario: that the UK government is so incompetent that the value of their USD denominated reserves falls to £0 before they can sell any of them at any price.
If you understand what foreign exchange reserves are, you should have no trouble at all answering the following questions:
1) What is the effect of losing that £100b on the UK budget?
2) What is the effect of losing that £100b on the value of the GBP against the world's remaining currencies?
If you can't answer those straight off the top of your head, then you need to go do remedial reading. If you can, do so, and we can continue our conversation.
OlivierK wrote:
Look, james, there's a reason I never pursued a career as a teacher (as many mathematicians do). It's because my teaching style is to explain things once, then if that doesn't work, try again using smaller words, and then if that doesn't work, lose my temper and call the recalcitrant student an idiot. As I've got older and more mellow, I've just come to the conclusion that teaching isn't my best skill, so I just tend to give up after the first two steps.
I started typing an explanation for you using even smaller words, but deleted it from this post because it ended up pretty much identical to what I've already posted. I have nothing to add, except that perhaps you might look up your own country's level of reserves. It's historically high at about £180b. Probably about £100b of that is USD denominated, and £50b EUR (for strategic reasons, most countries don't disclose their holdings). If the USD failed, let's just assume for the sake of argument a worst case scenario: that the UK government is so incompetent that the value of their USD denominated reserves falls to £0 before they can sell any of them at any price.
If you understand what foreign exchange reserves are, you should have no trouble at all answering the following questions:
1) What is the effect of losing that £100b on the UK budget?
2) What is the effect of losing that £100b on the value of the GBP against the world's remaining currencies?
If you can't answer those straight off the top of your head, then you need to go do remedial reading. If you can, do so, and we can continue our conversation.
jamest wrote:At some point here, presumably within 2021, I will either (as promised in 2019) concede that I've been a dick, or will be here DEMANDING that the likes of yourself and Thommo state that you are dicks wrt everything I've said here.
jamest wrote:OlivierK wrote:
Look, james, there's a reason I never pursued a career as a teacher (as many mathematicians do). It's because my teaching style is to explain things once, then if that doesn't work, try again using smaller words, and then if that doesn't work, lose my temper and call the recalcitrant student an idiot. As I've got older and more mellow, I've just come to the conclusion that teaching isn't my best skill, so I just tend to give up after the first two steps.
Then by your own admission, you're arrogant and grumpy.
jamest wrote:
I started typing an explanation for you using even smaller words, but deleted it from this post because it ended up pretty much identical to what I've already posted. I have nothing to add, except that perhaps you might look up your own country's level of reserves. It's historically high at about £180b. Probably about £100b of that is USD denominated, and £50b EUR (for strategic reasons, most countries don't disclose their holdings). If the USD failed, let's just assume for the sake of argument a worst case scenario: that the UK government is so incompetent that the value of their USD denominated reserves falls to £0 before they can sell any of them at any price.
If you understand what foreign exchange reserves are, you should have no trouble at all answering the following questions:
1) What is the effect of losing that £100b on the UK budget?
2) What is the effect of losing that £100b on the value of the GBP against the world's remaining currencies?
If you can't answer those straight off the top of your head, then you need to go do remedial reading. If you can, do so, and we can continue our conversation.
You're full of shit, since there are no absolute answers to those relative questions.
jamest wrote:Instead of boring the arse off of me, why don't you explain to the members here precisely why you're being arrogant and grumpy whilst my portfolio for the last 18 months has made my dick look four+ times bigger than yours.
jamest wrote:At some point here, presumably within 2021, I will either (as promised in 2019) concede that I've been a dick, or will be here DEMANDING that the likes of yourself and Thommo state that you are dicks wrt everything I've said here.
Given that bitcoin is worth more than 4 times what I advised this forum's members to buy it at back in February of 2019 and given a 'bull run' is now official in terms applicable to technical analysis, I would now almost guarantee that my initial prediction for bitcoin to hit 50-100k towards the end of 2021 was a certainty, if it wasn't for this SCAMdemic.
Thommo wrote:jamest wrote:At some point here, presumably within 2021, I will either (as promised in 2019) concede that I've been a dick, or will be here DEMANDING that the likes of yourself and Thommo state that you are dicks wrt everything I've said here.
Not sure what this has to do with me, but since the deadline for your prediction of $100k bitcoin within a year and a half after the start of the next bull run has already been and gone I won't be holding my breath. Never mind all the Catalonia stuff (your opening post in this thread has really not aged well) or the rest of the covid nonsense you predicted and started to associate with this.
OlivierK wrote:
Look james, if you want to make this personal, you work for a courier company to make ends meet, and I'm independently wealthy to the point where the only paid work I've done in the last 19 years is to be an extra in a movie. Hope that's not too deflating for your dick.
so laugh all you like
OlivierK wrote:Jesus you can be dense, james. I don't measure my worth in dollars - if I did, I'd be working to earn more instead of being happy with what I have. I only mentioned it because YOU tried to make a comparison after measuring your own worth in terms of your returns from your BTC speculation.
And nobody gets a job as an extra to be famous now, do they? I did it for a lark, as a movie was being filmed in my town, and they were signing up for bit parts in the main street. It was a hoot, and I would have done it for nothing, but union rules (rightly) insist on proper payment.so laugh all you like
OK
jamest wrote:OlivierK wrote:Jesus you can be dense, james. I don't measure my worth in dollars - if I did, I'd be working to earn more instead of being happy with what I have. I only mentioned it because YOU tried to make a comparison after measuring your own worth in terms of your returns from your BTC speculation.
And nobody gets a job as an extra to be famous now, do they? I did it for a lark, as a movie was being filmed in my town, and they were signing up for bit parts in the main street. It was a hoot, and I would have done it for nothing, but union rules (rightly) insist on proper payment.so laugh all you like
OK
You got your dick out and boasted about it. It's there in black and white, a few posts above, fact.
The reason I advised people to buy bitcoin in February of last year was to try and help people with small dicks, so to speak. I've never been wealthy. Even now as bitcoin approaches 20K, I'll have to continue slaving away until I'm old unless it gets above 50K. And fyi if it does, I won't ever be laughing at those that still need to work or valuing my worth in terms of my wealth. So, spare us all that bullshit in any future posts.
jamest wrote:What the bagger are you talking about? I'm from England, remember? Ve speak proper Queen's English here, so stop talking like a twat.
Cito di Pense wrote:jamest wrote:What the bagger are you talking about? I'm from England, remember? Ve speak proper Queen's English here, so stop talking like a twat.
A ten-bagger is something that multiplies your wealth by a factor of ten, and it's a term of art in financial circles, where you imply you're some kind of fucking expert. You could look it up, but you'd rather extemporise via linguistic imperialism than achieve understanding. Want to understand the origin of the term? American baseball.
jamest wrote:I'm here as an intelligent guy
jamest wrote:bitcoin is the future.
The future is that which – tomorrow, later, next century – will be. There is a future which is predictable, programmed, scheduled, foreseeable. But there is a future, l'avenir (to come) which refers to someone who comes whose arrival is totally unexpected.
jamest wrote:Thommo wrote:jamest wrote:At some point here, presumably within 2021, I will either (as promised in 2019) concede that I've been a dick, or will be here DEMANDING that the likes of yourself and Thommo state that you are dicks wrt everything I've said here.
Not sure what this has to do with me, but since the deadline for your prediction of $100k bitcoin within a year and a half after the start of the next bull run has already been and gone I won't be holding my breath. Never mind all the Catalonia stuff (your opening post in this thread has really not aged well) or the rest of the covid nonsense you predicted and started to associate with this.
Another load of bollocks. The 'next' bitcoin bull run didn't start in February 2019...
jamest wrote:a) The bear market-cycle has bottomed and almost certainly over.
jamest wrote:Bitcoin is atm $8200. It broke through the 6+k level like a knife through butter, which shocked me too. The realism now is that this is now the beginning of the next bull market. The value of BTC might go down a bit from here, but a new upwards trend has been established.
jamest wrote:OlivierK wrote:Jesus you can be dense, james. I don't measure my worth in dollars - if I did, I'd be working to earn more instead of being happy with what I have. I only mentioned it because YOU tried to make a comparison after measuring your own worth in terms of your returns from your BTC speculation.
You got your dick out and boasted about it. It's there in black and white, a few posts above, fact.
jamest wrote:Instead of boring the arse off of me, why don't you explain to the members here precisely why you're being arrogant and grumpy whilst my portfolio for the last 18 months has made my dick look four+ times bigger than yours.
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