Bitcoin Audible

Roundtable_008 - Just a Little Misinformation

Apr 3, 2025
Join seasoned bitcoiners Steve Simple, a savvy expert on Bitcoin technologies, Bitcoin Mechanic, a mining pool guru, and Jeff Swann, a passionate advocate sharing personal insights. They tackle hot topics like the BitAx phenomenon and El Salvador’s Bitcoin journey. From the chaos of mining to the ethical implications of pump-and-dump schemes, their humorous and critical takes illuminate the crypto landscape. Plus, they dive into the issues of government regulation and the risks of meme coins, all while keeping an eye on Bitcoin's future!
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ANECDOTE

Guy's Car Sale

  • Guy Swann sold his car during the Bitcoin price crash of March 2020.
  • This was a "no-brainer" buying opportunity.
ADVICE

Bitcoin-Backed Loans

  • Avoid Bitcoin-backed loans if you lack non-Bitcoin income for interest payments.
  • Ensure you can withstand an 80% price drop before considering such loans.
INSIGHT

Leverage and Market Instability

  • Leverage in markets like housing creates instability and unsustainability.
  • This is because leveraged buyers are forced to sell during price drops, cascading downwards.
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