Bitcoin Forum
July 01, 2024, 07:25:37 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 [561] 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 ... 1525 »
11201  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 30, 2020, 02:41:54 PM
Green shoots of recovery after the drops this weekend, it's a shame the world is burning down outside though..

Go Bitcoin go?

Hey I'll take any positives at the moment

Even a positive test for Corona?

Thanks for that turning a positive into a negative perspective, Soully.... 

It is so difficult to even google the concept of turning positives into negatives.

People are so god-damed frequently lecturing about how to accomplish the opposite.  We need a bit more "reality talk"... whether negative or otherwise.   Wink Wink



11202  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 30, 2020, 06:29:00 AM
I just saw that between my two buys from yesterday, with roughly eight hours apart, the transaction code of the bitcoin broker i used was only incremented by 3.
So in 8 hours there were only three other buys! Price wise, i think we might go down for more. Seems almost everybody just watches or lost interest in BTC, from this perspective. I try to tage advantage, accumulation wise, i'm not bearish mid-term at all.

Of course, you are not to the level of Searing in your pessimistic expressions, yet I am still having some trouble how you could conclude either that there is a lack of interest in the buying of bitcoin or that the price is going down from here based on your scanty evidence.  You have a broker, and the broker's bitcoin transaction count is low?  Do you know the history of this bitcoin broker transaction count, and is the transaction count reflective of anything meaningful?

I was looking for similar low timeframes between buys and found the intermediate transaction count (per hour) was way higher than now.
There's only one point that has influenced the count for sure, it's the mandatory KYC registration since beginning of 2020.
This was likely to push down the count, but so low?
However, as it's a national broker, it clearly speaks for lack of buys in my country.
You can only transfer fiat from/to a national banking account OR use exclusive national ATMs. With the latter one needs an id (drivers license) to scan for using the service.

I am not going to argue if the BTC price is going to go down or up from here, and surely there is likely to be some dragging effects on bitcoin in terms of macro considerations of the stock market and the virus situation is not exactly getting better, so in that regard, we might get some additional downward pressures on BTC, but it's price direction is far from guaranteed, even if the stock market and the overall printer go brrrrrr phenomena might not be in the best of condition, either.

Agree. I am not really pessimistic, but optimistic for lower price possibilities or forming of a temporary bottom.
The ultimate breakout of pessimism, imho, was the mindrust accident that happened lately.

EDIT: Hit "save" three times until the "new post" warning disappeared. Now THAT's a transaction frequency i wanna see at the brokerzzz Cheesy Cheesy Cheesy

EDIT2:
Trying to keep it short on the Covid19 topic:
Almost everybody seems to care more about the sick economy lately, instead of questioning it. Really pathetic, imho.
How can one think he is "free" when he (and everbody else) is dependent on inflationary economy, better descibred as wage slavery for most of the participants?

I hear regularly investing Bitcoin folks questioning various bear theories and previously proclaimed FUD spreading is getting some traction, and even questioning whether we are going to either get BTC price growth because of the bitcoin halvening and even questioning if mining could continue to spiral downwards.

And, I am not just talking about in this thread.

It seems so strange to me to find similar levels of hysteria and questioning of the power of king daddy bitcoin, and even assertions that this time is different because bitcoin has never been in such challenging times, and therefore, the stock to flow theories might not play out and bitcoin might really be ded this time.

All seems like baloney to me, and I suppose I am surprised how easily some folks can get shaken out of their coins... or fail and refuse to buy ... or wait for lower prices  that might not come.  

It's like the same talking points played over and over, and they continue to be effective to scare peeps out of their bitcoin...

Some of us did tentatively conjecture that we might end up getting a bit of a front running of the four year fractal, and these price dips and other circumstances seem to either put BTC back on schedule for a normal kind of four year fractal or even a possibility of  little bit of  delay, but I still doubt that the delay is likely to be as grand as various pessimists want to assert.  

Of course, we still do have ongoing dynamic of froth in the shitcoin space, and I have always been wondering if more of that froth has to be shaken out and beat to a pulp before bitcoin resumes on its upward trajectory, and so in that regard, there can be some consideration and questioning about whether the shitcoin space has suffered enough.  Maybe there is going to be another altcoin season... I cannot proclaim to have any kind of meaningful insight about the possibility of another altcoin season, but their performance has been quite parallel to bitcoin in recent times, such as the past few months and maybe even slightly outperforming bitcoin in terms of dollar prices.

Fuck those shitcoins, except to the extent that sometimes we might need to be considering their ongoing pulling effects on bitcoin.. in both price directions.
11203  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 30, 2020, 03:59:11 AM
I just saw that between my two buys from yesterday, with roughly eight hours apart, the transaction code of the bitcoin broker i used was only incremented by 3.
So in 8 hours there were only three other buys! Price wise, i think we might go down for more. Seems almost everybody just watches or lost interest in BTC, from this perspective. I try to tage advantage, accumulation wise, i'm not bearish mid-term at all.

Of course, you are not to the level of Searing in your pessimistic expressions, yet I am still having some trouble how you could conclude either that there is a lack of interest in the buying of bitcoin or that the price is going down from here based on your scanty evidence.  You have a broker, and the broker's bitcoin transaction count is low?  Do you know the history of this bitcoin broker transaction count, and is the transaction count reflective of anything meaningful?

I am not going to argue if the BTC price is going to go down or up from here, and surely there is likely to be some dragging effects on bitcoin in terms of macro considerations of the stock market and the virus situation is not exactly getting better, so in that regard, we might get some additional downward pressures on BTC, but it's price direction is far from guaranteed, even if the stock market and the overall printer go brrrrrr phenomena might not be in the best of condition, either.
11204  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 30, 2020, 03:34:16 AM
The key for me here in Panama is not if I will run out of food, but that the many poor people nearby will run out of food. Then they will go searching. They already rioted in one town and cleared out a local grocery store. My friend was told at his building for everyone to park their cars in the parking garage at his building because thieves are breaking into cars.

Fortunately I was preparing for Thai hitmen to come so I am prepared. I may have to change my sleep schedule though.

Sounds like you are living in a not so safe neighborhood.... Of course, one of the things that any of us needs to consider is the condition of the neighborhood in which we live, and whether it would be better to get more security, merely by feeling more comfortable with the values and culture of the neighbors.   

Sometimes traveling in a country outside of your own will put you more into those kinds of safety, security, health dilemmas.. but sometimes also NOT understanding the safety (or lack thereof) of a location until you have lived in such lcoation for a bit of time.

Seems that older people are less tolerant to taking such risks, too, but older people do not tend to move locations as often, either.
11205  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 30, 2020, 02:59:29 AM
Does this forum have a moderator?

Huh?

You referring to this thread? or this forum?

There has been an exception in the forum in regards to how this thread is conducted, and largely this thread has evolved (or devolved) into something like the forum's troll box, and many topics are allowed that are quasi-related to bitcoin, except for fuck off if you want to pump some shitcoin ...  Cheesy Cheesy Cheesy Cheesy

So, what is your question, exactly?

Infofront is the current thread owner for the past several years (voted in by the masses), and seems to be carrying out the spirit of the thread by not deleting hardly anything, except the really egregious shit, from his point of view...

some people do not agree with infofront's level of tolerance but his level of tolerance seems to be even more within the spirit of the thread than the original thread owner was able to accomplish....

Long live WO (and infofront, too..... not trying to suck up).....

Does this forum have a moderator?

The original
Self-moderator, Adam
Bugged out years ago.

The regular mods
Couldn't handle the crap here
And tried to shut it down.

There was an outcry
From the many regulars
So they had a poll

About what to do...
A new "self moderator"
Was chosen - Info

He had the wisdom
To leave it the fuck alone.
Thus we have free speech.

Surely Jimbo is more eloquent (and charming) than yours truly.      Cheesy Cheesy Cheesy Cheesy
11206  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 30, 2020, 02:40:27 AM
I have to be honest with you all...I am more interested in stacking rice and beans at the moment that stacking sats...not a great feeling.

Thanks for your honesty, Toxic.

Stay strong, and continue ur lil selfie in stacking those sats in the espiritu of los dos chiquita.



Worse case scenario, and you cannot bring ur lil selfie to pull dee trigger and buy some lil fiends, at least HODL... take a deep breath, HODL some more, take another deep breath and reassess the situation .. and maybe a few days later, maybe then, maybe then?

#DYOR

#YMMV

#BTMFD

#CCMF

 Wink
11207  Other / Meta / Re: DefaultTrust changes on: March 30, 2020, 02:02:49 AM
I am thinking that Vod is proposing a minimum number of merits earned in a recent period, such as 5 merit or 10 merits in the past 90 days or some kind of de minimus threshold in order to meet DT1 criteria.  

I personally don't believe it is a necessary extra criteria to add in part because the current criteria only requires one post in the past 30 days, even though it requires to be online in the past 3 days.  

At the same time, I understand the logic of one more criteria that Vod is seeming to suggest could be a way to weed out certain members from being eligible for DT1 status, and could be something for theymos to consider as a potentially valid consideration.  Such additional criteria would be similar to already existing criteria that theymos already created but just create another de minimus kind of angel in the giving value to merit direction, and would not necessarily be an overly burdensome extra criteria if it were considered over a longer than 30 day period..  requiring even one merit per 30 day period might be burdensome or "awkward" or turn DT1 wannabe members into "subconscious" merit beggars, perhaps?  hahahahaha
11208  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 29, 2020, 11:12:06 PM


The question is when though my friend, I’m getting bored of being a pleb Cheesy

Oh, but you're not, how's that 200 coins milestone doing? Wink

whatever happened to fight club rules?   Roll Eyes
11209  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 29, 2020, 12:07:39 PM
A lot of praying and hoping going on at the moment JJG.

This is fine.

FTFY
11210  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 29, 2020, 11:55:52 AM
Price dwindling a bit. Should it go below $5,500 (not expected), I will add some to my long position.

I hope and pray that you are correct about the "not expected" aspect of your assertion, and you are unsuccessful in adding to your long position at $5,500.   Tongue Tongue

Strong support at the $6k levels.
It's gotta take a lot of that bear juice to go below that, imo.

I hope and pray that bear juices are NOT flowing strongly in these here times.   Wink Wink

11211  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 28, 2020, 11:44:42 PM
Other than the people in this thread that are here to bullshit about everything and anything, does anyone on this forum still support bitcoin? The top sections are all altcoin shit. Oh, and whatever happened to the great new forum they were making to replace this Simple Machines freeware crap?

Bounties (Altcoins)          7476553
Announcements (Altcoins)       7149603
Altcoin Discussion          3032532

Many of the more smarties of the form do not hang out in the various altcoin discussion sections.

There is plenty of bitcoin talk in this here particular thread, and even references, from time to time, to other threads in the forum that might have some good bitcoin-based discussions.

So, yeah, accordingly, we have had a pretty strong tendency in this here particular thread to say "fuck you" to attempts at alt coin discussions in this thread, and to frequently nip it in the budd when it happens, so I am having some difficulties understanding what problem, exactly, you are perceiving there to be with the forum, as long as you choose the forum threads in which you participate.

Of course, I will concede that in recent times this thread has a lot of corona virus discussions, but no one is pumping corona virus, so there are a large number of attempts to bring it back to bitcoin, from time to time, and even link the corona virus discussions to bitcoin.
11212  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 28, 2020, 11:17:29 PM
I'll just leave this epic rant about the $2T (*cough* $14T *cough*) bailout bill here:

https://www.youtube.com/watch?v=D-7uro3A3qU

People often say, well what can the Average Joe do about it? March? Riot? Revolution?

Bitcoin was *literally* created for this reason. It IS the red pill. It IS the Revolution.

#BUYBTC and stop participating in the corrupt fiat monetary system.

Spot on. But I expected the BTC price to have responded by now. So strange that there is still confidence in USD (or any fiat) after the recent creation of a squillion, gazillion USD out of thin air.

#only21million - yet not reflected in the current price.

I can only conclude that very, very few people understand that BTC has a finite supply that cannot be altered. I suspect this is true even of a majority of investors (and this is somewhat substantiated by acquaintances who bought in during the late-2017 hype. They knew nothing of the tech but simply had a huge dose of FOMO).

Let's say for example, there are such persons who invested a decent amount of their initial Lump sum of their initial investment into BTC between early December 2017 and late February 2018, and so they mostly blew their wadd during the highest BTC price points, so their average cost per BTC was around $12k.  Let's say that they had a lump sum of $24k, so they got 2 BTC out of the deal.

So, after March 2018, they had come to feeling a bit disgruntled because they had invested so much into bitcoin, and so at that point, they pondered the situation and rationally concluded that all that they could really reasonably do is to dollar cost average into bitcoin for another year or so, and see where that takes them, so for the next year, until about March 2019 they decide to dollar cost average into bitcoin at about $100 per week which ends up being another $5,200 invested into bitcoin by March 2019.  So let's say that DCA tactic had gotten them another .825 BTC.

Now they have 2.825 BTC and $29,200 invested, which is still about $10,336 per BTC, so they are still a bit aggravated that they are mostly NOT in profits, and they are actually underwater by around 63% because the price at that time is bouncing around in the $3,800 territory.

Remember bitcoin prices had gone from supra $6ks through most of 2018 to testing support in the lower $3ks in November/December 2018, and even largely got stagnated below $4k for most of the first quarter of 2019.  

In the meantime, this hypothetical FOMO buyer from 2017 had been studying into bitcoin and studying into their investment to create some conviction about bitcoin as a dollar hedge, yet they realized that they made some mistakes by throwing so much of their available lump sum investment capital at bitcoin in late 2017 and early 2018, and really they were lucky enough to have a decent enough of a job that they could continue to spare $400 a month for continued DCAing, and they continued to believe in bitcoin and to plug away at their dollar cost averaging approach, even considering that $400 per month was not really breaking them, was allowing them to continue to stack sats and was tending to bring down their average cost per BTC with the passage of additional time buying BTC, so between March 2019 and present, they decided to continue with DCA at $100 per week for another year between March 2019 and present, which ends up resulting in the accumulation of about the same amount of BTC .825 or something like that for that next year between March 2019 and March 2020.

So, if we look at https://dcabtc.com?sd=2018-03-27&sda=2_years&f=weekly&d=2_years&ac=10000&c=true, we will see that investing $100 per week into BTC for the past two years, would have gotten the investor 1.635 BTC at a cost of $10,500, so that investor would be a little below break even for those BTC from the past two years, but if we add those BTC to the 2BTC from the initial lumpsum investment, the investor is still a bit in the red with his/her BTC investment, but still with a decently likely road to profit ahead.

The investor would have a total of 3.635 BTC, and an investment of $34,500 - which would be $9,491 per BTC.  Of course, our current BTC floating price is around $6,250, so such investor would currently still be 35% in the red, even though such investor would have been close to break even during much of February 2020 but the portfolio of this particular FOMO'd in investor still does not seem to be a bad place to be, with a building level of sats, more knowledge about bitcoin, and continuing to DCA with a reasonable amount such as $100 per week is likely to lead to more stacking of BTC, with a reasonable expectation to be in profits in the future, especially if such investor has developed a 5-10 year investment timeline.. and maybe even a longer investment timeline would likely even show more possibilities for a pay off, even though part of the problem was getting in and investing so much at the top of the cycle, but still there is a quite a bit of hope for an investment portfolio like this that continues to just stock away extra side money that they can afford to lose if shit goes to zero.. (which is also seeming increasingly unlikely given the whole state of the bitcoin blockchain and project as a whole, including ongoing building of networking effects, etc).

A person with such an investment profile, might choose to double down at this stage, and hopefully did not do a mindrust when seeing the BTC price drop down to $3,850 a couple of weeks ago.. and did not get out completely in the mid $4ks.

Yeah, sure, BTC prices might return to test $3,850 or even to test $3,124 again, but that potentiality seems like buy opportunity territory to me, because any BTC price below $3k seems almost completely unsustainable under current market conditions, including the fact that bitcoin is not broken in any way, especially with the halvening coming up, and surely bitcoin is likely to continue to serve as a real decent hedge to the "printer goes brrrrr" philosophy that is currently being shown as the solution to a virus and shutting down of industries problem that had already been largely caused by previous "printer goes brrrrrr"... but previously such "printer goes brrrr" philosophy had not been adequately named nor identified.

But you're making the huge assumption that people who invested in late 2017 are likely to continue investing with a DCA approach.

No I am not.  I am making an example of what might happened if someone approached the situation in a dollar cost averaging way, even if they fucked up in the beginning by buying too much too soon - especially after a 78x price appreciation, anyone with any brains should have come at bitcoin with some caution instead of lump summing in and then sitting on their hands and whining about their dumbass and obvious mistake.

My acquaintances who invested at that time, later sold at a loss and didn't get back in.

Yes.  People are dumb.  I know people like that too.  Fuck them.


Like the majority of those investors, they probably don't even know what DCA is.

Well, I doubt that it is helpful to be sympathetic to people who either gamble too much or they do not even try to learn. 

DCA is a common and wide-spread principle that can be learned.


But my question remains - why so very few people understand that BTC has a finite supply that cannot be altered and should therefore be trusted to hold value more than infinitely supplied fiat.

Actually, I agree with you on that point.  There are a lot of people who just believe mainstream media bullshit and they are scared of bitcoin.

I saw an old friend today, and we were talking about the downfall in the markets and I ended up mentioning bitcoin, and the guy admitted that he did not really know what the fuck bitcoin is, but he still had an opinion that he had heard about bitcoin but currently it is too late to get into bitcoin.  A lot of people believe that since bitcoin already had a lot of upward performance, that it is too late to buy bitcoin.  They do not understand what is limited supply, and sure, maybe a few are learning here and there, but it is still going to take a whole fucking long time for people to learn. 

Yet, it seems to me that people who actively attempt to engage with bitcoin are going to learn about bitcoin, and sure some of them are going to get burnt along the way, but they have to learn how to approach it with moderation rather than gambling with it.. and if they gamble, they better be ready to lose or have a back up plan in the event that their gamble does not pay off... which frequently is DCA investing or some modified version of DCA that might involve buying on dips and/or various attempts to front load their investment and to HODL through bad situations, if they happen to invest too much on a downturn. 

Even experienced folks, like mindrust, get burned out, and then end up panicking and coming back with what seems to be an inadequate approach (though it is still possible that he will either get lucky or maybe wisen up with his approach - either way, each person has to live with their choices and their customization of their approach to bitcoin, and bitcoin could give less than two shits about them.. so bitcoin is going to be around long enough and they will have more and more chances to come back to bitcoin and to fix their approach in such a way that they will be able to profit from the likely ongoing volatility of bitcoin, especially having enough patience to figure out how to profit in regards to bitcoins ongoing volatility to the upside...

What is so difficult of just buying and having at least a four year time horizon before even thinking about cashing out anything that you bought and if you time horizon is even longer, like 10 years to 15 years, then it is even more likely that you will profit stupendously... of course it is better that people learn those ideas while they still have a long enough time horizon to profit from bitcoin's likely ongoing gravitation of value dynamics.... and better to get into bitcoin now, than to wait until 2030... we are all still early, and some people just do NOT appreciate the value of patience and the allowance of the passage of time without getting shaken out of their coins.
11213  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 28, 2020, 10:50:55 PM
gooooood morning !!! incoming repeat of last night? we will test 5000 € bottom? what your opinions?


What is "5000 € bottom?"
11214  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 28, 2020, 03:39:07 AM
spammie layer and sidekaak seem to have the biggest problems with the 'managing the narrative' on WO.

... free thought and discussion will get disrupted and spammed to death.

Like mention that SARS-COV-2 is probably manmade virus they will get highly agitated, (therefore is probably the truth govvies are trying desperately to hide)

They attach to thought leaders and attempt reputation-destroying through any means possible ... they always seem to get a little girl crush on me, (roach was the same) so probably same operation, different pseudoyms, yet I hardly ever post on here except when times are 'interesting'.

The response does look highly organised globally, right down to the long delays in closing borders (allow disease to spread widely), the same strict testing requirements until disease has spread and now the same lockdown (crashing of global economies simultaneously). Now we get coordinated suppression of freedom of expression (clampdown on 'misinformation', social media), freedom of movement and pushing millions into dependence upon the welfare states.

Temporary global governance and a global budget with globally aligned currencies (one world currency) are the next phases possibly..


Of course,  certain powers try to be bullies in global matters, but you really believe that there is any meaningful possibility to coordinate enough in any kind of meaningful global governance?  That is not realistic.

Sure, I understand the war on free and open communication on the internet and also war on physical cash, so maybe even some of that  physical cash issue is out of control, because some countries and even businesses likely use physical cash, too... especially internationally.

I don't know if bitcoin fixes this, exactly, but it does seem that bitcoin can keep a decent amount of this in check in terms of limits in which the war on money and the war on information is ongoing and becoming more severe in some ways.
11215  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 28, 2020, 03:23:16 AM
I'll just leave this epic rant about the $2T (*cough* $14T *cough*) bailout bill here:

https://www.youtube.com/watch?v=D-7uro3A3qU

People often say, well what can the Average Joe do about it? March? Riot? Revolution?

Bitcoin was *literally* created for this reason. It IS the red pill. It IS the Revolution.

#BUYBTC and stop participating in the corrupt fiat monetary system.

Spot on. But I expected the BTC price to have responded by now. So strange that there is still confidence in USD (or any fiat) after the recent creation of a squillion, gazillion USD out of thin air.

#only21million - yet not reflected in the current price.

I can only conclude that very, very few people understand that BTC has a finite supply that cannot be altered. I suspect this is true even of a majority of investors (and this is somewhat substantiated by acquaintances who bought in during the late-2017 hype. They knew nothing of the tech but simply had a huge dose of FOMO).

Let's say for example, there are such persons who invested a decent amount of their initial Lump sum of their initial investment into BTC between early December 2017 and late February 2018, and so they mostly blew their wadd during the highest BTC price points, so their average cost per BTC was around $12k.  Let's say that they had a lump sum of $24k, so they got 2 BTC out of the deal.

So, after March 2018, they had come to feeling a bit disgruntled because they had invested so much into bitcoin, and so at that point, they pondered the situation and rationally concluded that all that they could really reasonably do is to dollar cost average into bitcoin for another year or so, and see where that takes them, so for the next year, until about March 2019 they decide to dollar cost average into bitcoin at about $100 per week which ends up being another $5,200 invested into bitcoin by March 2019.  So let's say that DCA tactic had gotten them another .825 BTC.

Now they have 2.825 BTC and $29,200 invested, which is still about $10,336 per BTC, so they are still a bit aggravated that they are mostly NOT in profits, and they are actually underwater by around 63% because the price at that time is bouncing around in the $3,800 territory.

Remember bitcoin prices had gone from supra $6ks through most of 2018 to testing support in the lower $3ks in November/December 2018, and even largely got stagnated below $4k for most of the first quarter of 2019.  

In the meantime, this hypothetical FOMO buyer from 2017 had been studying into bitcoin and studying into their investment to create some conviction about bitcoin as a dollar hedge, yet they realized that they made some mistakes by throwing so much of their available lump sum investment capital at bitcoin in late 2017 and early 2018, and really they were lucky enough to have a decent enough of a job that they could continue to spare $400 a month for continued DCAing, and they continued to believe in bitcoin and to plug away at their dollar cost averaging approach, even considering that $400 per month was not really breaking them, was allowing them to continue to stack sats and was tending to bring down their average cost per BTC with the passage of additional time buying BTC, so between March 2019 and present, they decided to continue with DCA at $100 per week for another year between March 2019 and present, which ends up resulting in the accumulation of about the same amount of BTC .825 or something like that for that next year between March 2019 and March 2020.

So, if we look at https://dcabtc.com?sd=2018-03-27&sda=2_years&f=weekly&d=2_years&ac=10000&c=true, we will see that investing $100 per week into BTC for the past two years, would have gotten the investor 1.635 BTC at a cost of $10,500, so that investor would be a little below break even for those BTC from the past two years, but if we add those BTC to the 2BTC from the initial lumpsum investment, the investor is still a bit in the red with his/her BTC investment, but still with a decently likely road to profit ahead.

The investor would have a total of 3.635 BTC, and an investment of $34,500 - which would be $9,491 per BTC.  Of course, our current BTC floating price is around $6,250, so such investor would currently still be 35% in the red, even though such investor would have been close to break even during much of February 2020 but the portfolio of this particular FOMO'd in investor still does not seem to be a bad place to be, with a building level of sats, more knowledge about bitcoin, and continuing to DCA with a reasonable amount such as $100 per week is likely to lead to more stacking of BTC, with a reasonable expectation to be in profits in the future, especially if such investor has developed a 5-10 year investment timeline.. and maybe even a longer investment timeline would likely even show more possibilities for a pay off, even though part of the problem was getting in and investing so much at the top of the cycle, but still there is a quite a bit of hope for an investment portfolio like this that continues to just stock away extra side money that they can afford to lose if shit goes to zero.. (which is also seeming increasingly unlikely given the whole state of the bitcoin blockchain and project as a whole, including ongoing building of networking effects, etc).

A person with such an investment profile, might choose to double down at this stage, and hopefully did not do a mindrust when seeing the BTC price drop down to $3,850 a couple of weeks ago.. and did not get out completely in the mid $4ks.

Yeah, sure, BTC prices might return to test $3,850 or even to test $3,124 again, but that potentiality seems like buy opportunity territory to me, because any BTC price below $3k seems almost completely unsustainable under current market conditions, including the fact that bitcoin is not broken in any way, especially with the halvening coming up, and surely bitcoin is likely to continue to serve as a real decent hedge to the "printer goes brrrrr" philosophy that is currently being shown as the solution to a virus and shutting down of industries problem that had already been largely caused by previous "printer goes brrrrrr"... but previously such "printer goes brrrr" philosophy had not been adequately named nor identified.
11216  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 27, 2020, 08:11:53 PM
The reason bitcoiners can’t catch Coronavirus:



They have nowhere to go, no one wants to hang with them and all their friends are bots.

I resemble that statement!!!!!!!!    Angry Angry Angry Angry
Sadly I have no bots just this computer and bitcointalk members nothing else  Sad

Reminds me of the song lyrics:  "I ain't got nobody.  Nobody cares for me."     Cheesy Cheesy Cheesy
11217  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 27, 2020, 08:05:39 PM
 
side 1                                                                                                         side 2


Oh jeeezus...I love working 2nd shift....  (unpolished)

Holy Moley!!!

That's a pretty BIG ASS coin, sirazimuth, or could it be classified as a throwing disk (aka shotput)?  

Must weigh a couple of pounds (kilo) at least.


smaller end mill

shrink to 0.4

you need capitol for tooling?

I think that jojo might be saying something similar to me... at least in the first part.
11218  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 27, 2020, 07:22:20 PM
The reason bitcoiners can’t catch Coronavirus:



They have nowhere to go, no one wants to hang with them and all their friends are bots.

I resemble that statement!!!!!!!!    Angry Angry Angry Angry
11219  Economy / Speculation / Re: Bitcoin dominance hits 65%, alts lagging behind on: March 27, 2020, 07:12:09 PM
OK guys... here we go with the latest stats.

Interested to know what effects the shitfork halvings will have. For many of them they're already so piss weak that I wonder how many miners will bother afterwards, and of course some have been fucked with so heavily the halving will arrive much sooner than BTC's. 11 days or so for BCH.

Oh yeah.... Might cause some interesting happenings.. perhaps?

I see those projections for estimated halvenings here @: https://coin.dance/#hashrate

As I type, Bitcoin's halvening is projected to happen in about 44 days & 18.25 hours. 

shitcoin BCH's halvening is projected to happen in about 11.5 days & 16.5 hours

and

shitcoin BSV's halvening is projected to happen in about 13 days & 3.5 hours
11220  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 27, 2020, 07:01:10 PM
I think the NHS is also down a lot of money thanks to Brexit.

Hm. Wonder when the horde of diseased refugees will try to invade Ireland. They may need a wall.


Probably a good idea to build a wall.

A huge wall.

The best wall.

there should be a wall between northern and southern Ireland and then another wall around the island.. a kind of water wall.

Oh, we need to know a minor detail about which part of the island is keeping the other part of the island out; might make it a wee bit easier to figure out how to build the wall, exactly?  whether it should lean inward or outward might be another detail, with barbed wire on top, too.

Would be great for the economy.. a kind of infrastructure building stimulus.
Pages: « 1 ... 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 [561] 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 ... 1525 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!