Yeah, and she also started calling blow off top from $3k and upwards, so yeah, sooner or later she was going to be 100% correct. 

It should be a bit difficult to be impressed by such braggarts, but seems that guys (and maybe even a gal or two) just love wannabe sorcerers who use charts.

No regrets here.  She  deserved every bit, if not more, of any bashing that she received.    That's how dee interwebs work.   

If 4 is not round, at least it is nice.... getting back to the original quote from nutildah asserting that 5 is rounder and nicer than 4.  I have issues with that conclusory assertion:

>>>>> Upping the prize to 5 Merits just because its a nice round number<<<<<<<

In other words, nutildah intentionally and purposefully giving 4 a bum rap.... resulting in favoritism to his lil butt buddy, 5.  

All of you playing this silly ass game are so Dumb!

Real Dumb!

For sure.







Maybe even retarded, if I dare say so?

4 is round. 

Sometimes these kinds of alleged "boring" periods can last for weeks, yet I am wondering if it can persist for very long after September 23?  I suppose it could.  We are in the middle of a BTC price war, but we seem to have some temporary agreement while the sides regroup.  Who is going to come back stronger after this regrouping?   50/50?

For some reason when I was a kid, I recall having a kind of preference for cats, even though I had both cats and dogs and I am not sure why.  In recent years, I have grown to really like dogs, and how trainable (and loyal) they are. 

Of course, sometimes if you are going to be away for a while, a cat can be much better for it's maintenance-free levels... but yeah, I think that I have converted in my old age towards appreciating dogs a bit more than I had.

Cats do have more of a reputation on the interwebs for having their videos and pictures posted herein, that is largely the reason that I wanted to fit into the stereotype regarding my postings in this thread.

O.k.  I did misunderstand, a little bit, about the specifics of what you said, but I still believe that never say never is a much better bet.

I personally doubt that we are out of this bullmarket, even if BTC prices were to dip below $7k, and surely I would not want such to happen, and also this swing dip does seem to be taking a whole hell of a lot of time, but there are frequently a lot of firsts in bitcoin, and I really would not be very surprised if BTC prices were to drop below $9k, even though you are making it sound like it is is like less than a 10% chance, when in fact the odds to drop below $9k are likely at least greater than 1/3 (which would be 33%), and perhaps even in the 40% territory.

In other words, to me your bullish case seems to be hanging on a string  and it is not as strong of a case as you seem to be making it out to be.  I just don't like expectations to be higher than they deserve to be, but hey, if it makes you happy to believe that our local bottom is in and the odds for BTC prices going below $9k are quite low, then believe what you will... I just hope that no one get's r3ckt from such high expectation levels.

I remember a flat period in early 2016 that came after a correction from $504 to about $300, and lasted from November 2015 to May 2016, which would have been more than 6 months.

Thank you.

Funny how all these things work out. 

I would have never speculated regarding my activity level, either.  I am surprised that in the past 5 and a half years, I have spent more than 246 days online, and I have posted 17,474 times too (as I type).. this post will be 17,475...

Many of  my posts have NOT been one-liners, either - nor cat pictures (even though I have a few cat pictures in there, too).... 

hahahhahaha.

I suppose that we are just batting around ideas, and of course, there are going to be various perspectives as to why and what people believe to be prudent levels of diversification..

Getting off of zero surely would be prudent, and even though you feel nervous about your only putting in 21% in, you gotta recognize that there is a decent amount of value to NOT be gambling too much, even with an asset that causes you large bullishness, and surely there is a lot of comfort to have some fiat to be able to buy more bitcoin when it unexpectedly dips and also having some certainty that your expenses are going to be covered, your head is covered and food is on the table... so yeah, I am not going to be to critical of people who go further in their allocation amounts, and surely it helps, too, with peeps like you who have been around the BTC block a few times, versus talking to folks who are just getting in and trying to get a feel of various aspects, including the basics of both having their personal finances in order and questions about whether to hold value on exchanges versus the preferred practice of keeping a decent amount in private key protecting mode which can be complicated even when we hear about attack vectors that are present with easy to use mechanisms, such as Trezor.

I don't buy that dumping story.

Sure, there was some increase in actual on-chain BTC traffic during late 2017 and early 2018 (actually about December 2017 to January 2018), but there was also some expensive attacking going on during that time that the attackers considered to be in their interest, NOT only for the clogging effect, but the fact that they could spin those kinds of facts for years into the future, which seems to be what is happening with people still discussing the increase in BTC onchain traffic as if it were merely an "organic" phenomenon within bitcoin (which is only partly true, at best).


Of course, there is some truth in the "organic growth" presentation of matters, but there was still an attack going on that should not be ignored, even ethereum pumpeners could have been in on it.  Coinbase was failing/refusing to batch transaction and engaging in their pumpenings bullshit too.

Remember also that in late 2017, bcash was still trying to figure out to do with its various attacks and figuring out what kind of effect that such attacks were going to have including hopenium that their stupid-ass fork would be successful and then having the segwit2x bullshit and the ethereum flippening funzies.. there was a lot going on, so the bcash fucktards were not necessarily always coordinated in what they were going to do or what they were going to try next, hoping to have effects while they were perceiving (perhaps in their fantasy thinking) to keep punching while they had bitcoin on the ropes.


Of course, there was a lot going on, but still trying to downplay the actual attacks and to suggest that there was a bit of an organic growth issue for bitcoin if giving way the fuck too much benefit of the doubt to fucktard bitcoin naysaying and altcoin pumper FUD spreaders.  You are caught up too much in your own fantasy if you are trying to explain without giving adequate credit to both the incentive to spam and the actual spamming that was taking place during that time.

In my thinking, he seems to be way too conservative in his recommendation of .1% - even though I will concede that.1% is better than 0%.

I recommend 1% to 10%, and accordingly people can choose their level based on their own comfort and situation, but 1%, for me, is the minimum for anyone with any kind of investment horizon that is at least 4-5 years.  Pompliano is also recommending 1% as the minimum, but I had been recommending 1% as a minimum for years .. likely before Pompliano got into bitcoin.

Largely, I started recommending that everyone should put "something" into bitcoin since about late 2014 - even though I believe that when I first started recommending that everyone put something into bitcoin, I was a bit non-specific and I would kind of see how the conversation went before I would start to become specific with people.

I guess practice, practice, practice pays off, but also the performance of bitcoin over the years, including the various attacks that it pushed through in 2016 and moreso in 2017-ish have caused me to have a lot more confidence in my recommendations.  In essence, I have gotten a lot more adamant about my recommendation since about late 2017, and even suggesting that people are somewhat retarded (even though I don't always tend to use that word when talking directly to peeps) if they do not put at least 1% of their quasi-liquid investment portfolio into bitcoin.  At the same time, I also would tell people to do the fuck what they want, but they should be at least 1% in bitcoin..   hahahahahaha...

People hear what they want to hear, and would still usually ignore me, in spite my somewhat adamance...... Then when the BTC price goes up, on the inside (and sometimes on the outside), I am laughing the fuck at no coiners and fence sitters who have enough of a kernal of adequate and sufficient bitcoin information but fail/refuse to take any kind of stake at all in bitcoin and/or even fail/refuse to set up bitcoin related accounts which I suggest is the preliminary point even before buying BTC... too much work, too much work... you snooze, you lose.   

Fair enough.

I did kind of make a mistake with that article because I started to read it, and I was giving it a bit too much benefit of the doubt because the article had a lot of nice graphs and was well-written.  But then upon further review, I realized some of the seeming bullshit distractions contained therein.

Ultimately, no harm, no foul.  

It does not hurt to present information that might have a variety of perspectives, and surely it is better if some of the misleading aspects of such "variety of perspectives" are highlighted in order that some folks don't fail to recognize some of the spin that seems to be going on.

There are a lot of folks who might start to buy BSV or Zcash or gold based on such cursory look at such articles that have lovely charts that are likely drafted and reviewed by relatively smart people because the readers just start to mentally categorize those other assets as somewhat "related to" bitcoin, when in fact there are meaningful differences in bitcoin that they are NOT quite comprehending and need to be reminded over and over NOT to take some writings at face value and to prod some folks into looking into matters with a bit of a more critical eye and maybe thereafter be able to get some better perspectives regarding various ways in which bitcoin is distinguishable from other assets, while mainstreamers either ignore or downplay such materially and significant distinguishing aspects of bitcoin.

I will concede that there are a lot of decent attempts at putting together various data points within the article; however, the points about Bitcoin versus Gold seem to be an attempt to pump Gold and to fail/refuse to take into account bitcoin, as an immature asset class that is likely to surpass the fuck out of Gold in the coming years, because bitcoin remains both an  asset class that has never been witnessed in the existence of man, and superior to Gold in a variety of ways (and really who the fuck cares about short term store of value mumbo jumbo spin?).  

Anyhow, many of the studiers of bitcoin recognize obvious relevant and modern day realities, and this is not to diss gold for it's historical contributions.  Spend a few minutes to think about 1) verifiability, 2) transportability, 3) costs, speed and ease of transactions/storage, 4) ability to directly hold and transact, and 5) divisibility.  These are not unimportant concepts, and I should not have to go into detail regarding the differentiation obviousness.  

Bitcoin is superior, and sure, physical Gold is going to be superior to BTC when Armageddon comes and the whole fucking internet gets destroyed by an asteroid, world war III, zombie infiltration, an electro-magnetic pulse, or whatever other extreme scenario(s), but also seems to me that we are going to have a whole-hell-of-a-lot more important things to worry about in those not-too-likely Armageddon scenarios, and I am not going to make my modern day investments based on pie-in-the-sky fantasylandia scenarios.

So, do all the fuck you like, mainstreamers, in your less-emphasized dilution of gold value because of paper manipulation, personally, I am
NOT going to put much, if any, of my investment into gold under current modern-day, internet is going to stay, circumstances, because bitcoin is obviously superior in spite of various institutional investment mainstreamers, including the article's attempts to subliminally prop up gold based on short-term gold pumpenings.... which may or may not continue....  that likely also include a whole-hell-of-a-lot more current access to gold to be able to quickly move investors into gold through currently financial vehicles (as compared with what is currently available to bitcoin, but still building in bitcoin).

Let's see what happens to gold in the coming years, as compared to bitcoin, especially with a couple more halvenings in the next 5 years, too.  Yeah, we are quite likely to have considerable UPs and DOWNs in bitcoin in the next 5-6 years, but there also seems to be considerable likelihoods that the UPs in bitcoin are going to be higher, relative to gold.. so where you going to put your money to prepare yourself for the next 5-6 years?  Good luck, gold bugs, you are going to need it.  

Edit:
After looking through the above-linked article some more, I believe that it engages in a decent amount of distraction and misleading to try to equate various other "crypto" projects to king-daddy bitcoin which could quite mislead folks into thinking that there is some validity with various shit projects, including bcash or zcash...   So, hopefully no one is too mislead by my attempt to give some benefits of the doubt to this article because of some of its lovely and seemingly misleading graphs (even though they are factual, to me, they still seem to be misleading spin attempts).

I feel like Alice.

Fair enough.

But let me ask whether you believe that if you spend more and more and more time hanging around with filthy rich people, then you might end up spending more and more time considering boating activities?  Whether you like it or not, and even if you had not been planning on becoming filthy rich, you end up becoming filthy rich, then you end up having boat activities baggage, no?

Same with the hookers, lambos and blows, you can deny all you want, but as long as you are a social being, there is going to be some of that kind of baggage in the midst as many of us HODLers fal further into the perils of richie.  I am not trying to talk you or any other WO peeps out of rubbing elbows with increases in rich.

When anything appears like a bible verse, my eyes start to glaze over, even if some variation of my name might be contained therein. Might be a trauma from my youth, perhaps?

 

Look who is getting all in a tizzy?

Boats can surely be amongst one of the finer things in life, as long as you don't end up stranded on a desert island like Gilligan.

They did not have a BIG one, either.

Anyhow, as you likely realize there has been a certain amount of back and forth regarding guys wanting to have a boat, and then what size and then realistically considering the kinds of expenses and even management difficulties that might be involved with certain sized boats.

So, whatever, if you guys are considering meeting, but not even contemplating boats or private islands, then you are likely NOT yet considering that you are getting close to "filthy" levels of rich.  It seems to me that some of us are considering "filthy" levels of rich, even though we might not have had those thoughts, even a few years ago.

You, Micpeep (or whichever member on your team who is typing this particular post), might merely be having a bad hair day.   

Yeah, but that is the problem, mindrust.

We don't really know.  We just have a bunch of hunches and fractals, etc etc.


Some guys (and gal) have stronger hunches than others, I mean maybe some folks have better inclinations about where the price might be going or likelihoods that it is going to go there, but we still should not be betting 100% even if we think that the odds are 80%.  Furthermore, even though some folks proclaim that they believe odds are 80%, but there is almost no fucking way that the odds to go up to $100k by sometime before the end of 2021 can be that strong.

So one thing is having a good hunch how far BTC price is going up and another thing is having decently strong theories regarding the bottom of the next run.

Don't even be using the word stable and bitcoin in the same sentence.

the most likely thing is that bitcoin is going to be unstable for the next 20 years or perhaps more... whether you are talking about getting stuck at $100k or even getting stuck between $10k and $20k.  Seems that neither state of stable is coming to bitcoin any time soon.



You should still be able to get some of the things that you like, but probably you still have to be careful about how you plan that consumption game and the extent to which you personally are ready to start engaging in consumption rather than continuing to allow a decent amount of your BTC stash to continue to work, whether it is working in the form of BTC or if you are planning to buy back with some of the fiat proceeds.

You gotta be ready and probably you have to have a decent amount of volatility cushion, since one of the most inevitable dynamics in bitcoin currently, and into the relevant and material near term future (I would consider the next 20 years to be relevant and material for BTC HODLers in their 30s or even 40s) is going to continue to be volatility.... nearly inevitable as several of us acknowledge on a repeated and regular basis.



You should be setting your sell quantities at prices that you want, and fuck whatever the BTC price is going to do.  Your sell amount at each given price should give you pleasure no matter what BTC price does.  That's why I keep suggesting to snap out of the all or nothing (and gambling) mindset... which understandably remains difficult for you to do because you keep relapsing back into it.,, with your various "what ifs?"  Your sell increments and amounts should be set in such a way that the largely settle down the vast majority of you "what if" questions.

Have you gone through the exercise?  Have you created an excel spreadsheet that attempts to project your cash flow and to play around with it?  Once you do that and go through it for a while (maybe you have to spend a week on such project), then your questions should just become a matter of tweaking here or there and then attempting to see if you are largely going to be able to comply with your own projections when BIG daddy bitcoin goes on her exponentially upwards tear (not inevitable, merely projected as likely, which means that it might not happen).



Should not be the case with long term BTC HODLers, as long as you still want to continue to hold at least some, even through difficult times.



I can see a bit of evil coming into your eye, about now.   hahahahahaha.. thinking about playing BIGGER than you should be thinking.



You are putting a lot of weight on just one number.    Remember that $5,000 was merely double of $2,500, and a few years ago (before fall of 2016), a decent number of people would have proclaimed you to be quite crazy to be thinking that BTC could get above $5k for any sustainable amount of time.   I just .. think that your mindset still continues to think, too much, in terms of absolutes, and the various prices are just percentages of other prices, including $100k being merely 5x larger than our previous blow off top ATH of $19,666...