Godbye 4digits  Frankly, I feel sorry to all this guys waiting for sub 9K. Last seconds to join the train.  JSRAW? Can you confirm this assertion? If JSRAW does not confirm, I cannot put much higher odds than 50% that we will never see 4 digits again. Of course, the lower you go, the less probable... So yeah there have been quite a few people looking for below $9k, and jesus, we were already at $9,049 which would have been about a 35% correction from our $13,880 local top. Why the fuck expect more than that? Yeah, sure a larger correction can happen and it still can happen, but it becomes a bit more difficult to happen when the gap is becoming BIGGER in the UP direction rather than approaching those various hopium buy points that are sub $9k and even going below $5k.. maybe, maybe, but I would not be putting too much expectations in the "necessity" of those kinds of down plays. |
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Happy speculation, I will probably check in after another 3 years.
For you, 3 years might even be too frequently - even though it can be good to get an update from known personalities from time to time. Someone asked me how come an OG like me is into altcoins.........
Self assigned status.... lovely. One of your ongoing tone problems. don't be stuck in that echo chamber of maximalism, be a minimalist on maximalism because it is becoming a cult.
Unsolicited advice is going to get you a long way. Ask yourself what is the goal behind your involvement in this space, then be agnostic about it.
This, here, unsolicited advice might be a bit more pragmatic, which is to try NOT to get too emotional about your finances. In other words, if you structure your finances in a certain kind of way that protects you from price movements in either direction, then it is less likely that you will get emotional when the price goes a bit beyond your expectations, because it is also good to protect yourself emotionally (and financially) for extremes, too. |
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Yeah, I much prefer incremental steps. I’m not in the mood for unsustainable pumps because we all know what happens after them.
I love unsustainable pumps. Make $ on the way up, corn on the way down. Yummy. nobody can do it on sustainable basis as it does not tell you where it will go. sooner or later, you would lose. For some value of 'lose' that has nothing to do with my personal situation. Can you elaborate, jbreher? I personally believe that with laddering, there is hardly any ways to lose unless you are setting your amounts wrong or if the BTC price goes down. How else can anyone lose? Unless you are measuring on a shorter-timeline perhaps and you need the money right away... for example when BTC's price is going down... I mean if you were to have a 5-year timeline, let's say, and you did not need your invested money for 5 years, then wouldn't it be much more difficult to conceive ways that you could lose with laddering, unless the price of the BTC were lower at the end of the 5 years. Of course, you could also conceive that any time that you are buying BTC, that if you give those BTC at least 5 years before you again sell them (even while exercising a laddering type approach), then it is difficult to conceive of ways that you would lose in that system either, unless at any point in time 5 years after any buy that you make, the BTC price is lower than it was 5 years earlier. |
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wow, this forum has gone downhill! no mods nowadays or what?
You are a fucking diptwat. Last I heard from you was that you sold all your coins in the $600s in the 2014 time frame, and you were living happily ever after because bitcoin was going to go to zero (for sure).. and you knew it and you were smarter than the rest of us... blah blah blah. You said a bunch of other dumbshit too, including that you weren't going to be coming back, except to tell us how dumb we were and to rub bitcoin in our face, yet for some strange reason bitocin is far exceeding 16x from the prices that you sold... I can't imagine that you are actually smart about something, and I imagine you are coming back to tell us how wonderful your life is because you cashed out dollars TLDR: So what the fuck would you know about either bitcoin or this forum? If thats so Then “insert Will ferrell gif.... what a loser” He probably listen to r0ach same-ish price cash out  Probably most of the problem with mmitech has been that he has had a tendency (and it appears that he still does) to brag about how much smarter that he is as compared with others. If he took the bragging part out, then maybe that would help. It is true that selling at $600 in mid 2014 would surely have been profitable for a decent amount of time and even an ability to buy back lower at any time in 2015 or even into mid 2016 and still have been profitable. I am not completely sure if we could rely on mmitech's braggadocios representations about what he supposedly did after the fact, but it could have been possible that he could have profited from that $600 trade. So, maybe that is consistent with his getting involved in other projects, but he did say that he was going on a 2 year vacation, so I guess his definition of "vacation" is getting involved in other crypto projects? Some of these may or may not be important, just shows that he has been a bit of a bragger and bitcoin basher. |
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wow, this forum has gone downhill! no mods nowadays or what?
You are a fucking diptwat. Last I heard from you was that you sold all your coins in the $600s in the 2014 time frame, and you were living happily ever after because bitcoin was going to go to zero (for sure).. and you knew it and you were smarter than the rest of us... blah blah blah. You said a bunch of other dumbshit too, including that you weren't going to be coming back, except to tell us how dumb we were and to rub bitcoin in our face, yet for some strange reason bitocin is far exceeding 16x from the prices that you sold... I can't imagine that you are actually smart about something, and I imagine you are coming back to tell us how wonderful your life is because you cashed out dollars - even though you could have been at least 16x more prosperous if you had hung onto your bitcoins. Anyhow, whatever supposed smartness that you have is merely in your imaginary fantasy thinking rather than based on reality. TLDR: So what the fuck would you know about either bitcoin or this forum? Go ahead point me to where I said that? I have called every bottom and top since 2012, and I have been working full time on Crypto related projects as a developer since 2014. while you are still wasting your life arguing your nonsense on this thread...some people never change. Oh... so you come back to tell us how smart you were including that posting on this thread is "wasting life?", and how you made a lot of money, too? Perhaps your braggadocios presentation is part of the issue? Exactly as I remember you, there has been no value from reading your posts and there is still no value... the dogs bark but the caravan moves on. you are going into my ignore goodbye. For sure, putting me into "ignore" is going to solve all issues, and currently instead of being on bitcoin bashing, you have turned into altcoin pumpening. But of course, you have remained smarter than the rest of us, so I suppose that is something that you kind of have going for you. Beam
Wat? Everything you said and you'll ever say in the future has lost its credibility the moment you mentioned beam. Beam the shitcoin, the taxcoin you pay its devs from your mining income. So you (d)evolved into a shitcoiner in the end after all those years, sad. go ahead define What makes a shitcoin a shitcoin? The dev tax is necessary and priced in, not sure why do people expect devs to slave for free, not to mention that this way incentives are aligned, I don't want to see a scenario where devs have to beg for donations to be able to work full time on a project, and no in Bitcoin all high profile devs are paid for by companies like blockstream, and the whole satoshi stash (~ 1M BTC) is just a huge fucking dev fee with an unknown fate, In fact, I feel much safer with the dev tax model since I know a huge deal of it will be re-invested in R&D People seem to misunderstand the whole open-source Free software motto, Free means freedom in this sense and not choosing beggar heaven where investors get rich while devs slaves for free. But again, like anytime I said anything and got shit for it, let the days be our judge. Yes, I am not a fucking maximalist, I am tech agnostic, I don't belong to a cult. I follow tech and when the tech stagnate I continue my journey looking for a better one Bitcoin's tech is stagnating? Currently? Or in 2014? |
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wow, this forum has gone downhill! no mods nowadays or what?
You are a fucking diptwat. Last I heard from you was that you sold all your coins in the $600s in the 2014 time frame, and you were living happily ever after because bitcoin was going to go to zero (for sure).. and you knew it and you were smarter than the rest of us... blah blah blah. You said a bunch of other dumbshit too, including that you weren't going to be coming back, except to tell us how dumb we were and to rub bitcoin in our face, yet for some strange reason bitocin is far exceeding 16x from the prices that you sold... I can't imagine that you are actually smart about something, and I imagine you are coming back to tell us how wonderful your life is because you cashed out dollars - even though you could have been at least 16x more prosperous if you had hung onto your bitcoins. Anyhow, whatever supposed smartness that you have is merely in your imaginary fantasy thinking rather than based on reality. TLDR: So what the fuck would you know about either bitcoin or this forum? Go ahead point me to where I said that? I have called every bottom and top since 2012, and I have been working full time on Crypto related projects as a developer since 2014. while you are still wasting your life arguing your nonsense on this thread...some people never change. Oh... so you come back to tell us how smart you were including that posting on this thread is "wasting life?", and how you made a lot of money, too? Perhaps your braggadocios presentation is part of the issue? |
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wow, this forum has gone downhill! no mods nowadays or what?
You are a fucking diptwat. Last I heard from you was that you sold all your coins in the $600s in the 2014 time frame, and you were living happily ever after because bitcoin was going to go to zero (for sure).. and you knew it and you were smarter than the rest of us... blah blah blah. You said a bunch of other dumbshit too, including that you weren't going to be coming back, except to tell us how dumb we were and to rub bitcoin in our face, yet for some strange reason bitocin is far exceeding 16x from the prices that you sold... I can't imagine that you are actually smart about something, and I imagine you are coming back to tell us how wonderful your life is because you cashed out dollars - even though you could have been at least 16x more prosperous if you had hung onto your bitcoins. Anyhow, whatever supposed smartness that you have is merely in your imaginary fantasy thinking rather than based on reality. TLDR: So what the fuck would you know about either bitcoin or this forum? |
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Yeah, I much prefer incremental steps. I’m not in the mood for unsustainable pumps because we all know what happens after them.
I love unsustainable pumps. Make $ on the way up, corn on the way down. Yummy. nobody can do it on sustainable basis as it does not tell you where it will go. sooner or later, you would lose. How are you going to lose? If you do not understand the system, then how could you assert that it is going to lose ? The only way that you lose is if: 1) you sell too much on the way up (or otherwise structure your increments or your amounts in illogical ways) or 2) the asset ends up going to zero or does not ultimately go up in price before you are able to bail out of the investment (over time, bitcoin has shown that it has had a tendency to go up... even though it may take several years to pass through a cycle, so this does not seem to be a major risk). In other words, money is made from volatility and up and down, and one of the most inevitable dynamics of bitcoin is that it has been volatile and is likely to continue to be volatile. So, if you believe that ladder investing involves gambling or taking chances that are going to catch up to you sooner or later, then you do not seem to understand the concept. Your waiting for sub $8,500 is way the fuck more of a gamble than laddering. In laddering, you simply buy when the price goes down and sell when the price goes up. You also should never run out of either coins or fiat... so that if the price is going down, you always have fiat to buy and when the price is going up you always have corn to sell. |
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I think we will finally see 11k again. Will probably sell at 11.5k (bought at 9.5k) and buy back below 10k if I can.
Are you playing with 100% of you BTC stash, or some smaller amount? Frequently it is not good to sell too much of your stash and then wait for the price to come back down to your selling point. That's what happened to Roach at $700 and that is what happened to jonoiv at $6k. Not 100%, I keep 70% for long term and "play" with the 30% remaining. Of course it comes with a risk, but it can be a good way to lower your average price. I never trade daily though, more like 1 or 2 times a month (at most). Ok.. you surely make the choice regarding how much of your BTC you sell at certain points, and maybe it will pay off. At least you are not trading 100%, which would seem a bit crazy to me, but people gonna do what they gonna do. |
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Form your stories, I thought you all already been rich, because you invested in Bitcoin so early, before 2015. Everyone has different chances, but taking chances or not, it will make different destinations. I just knew about Bitcoin recent months. I heard about Bitcoin when it hits it's ATH nearly $20,000, but hesitated to start to invest when Bitcoin dumped to below $3200. Now, I thought I eventually bravely enough to enter at price $9500 days ago. Hope that it will help me to exponentially increase my balance next 6 years.
It can take a decently long time to build up wealth.. including having enough invested into bitcoin in order to make a difference |
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No one explained here why bitcoin is the best or for JJG the only investment.
No one said that bitcoin is best and only investment, you diptwat. But it is the best  Not the only ....... but still its the best Well, maybe you are proving me wrong, micpeep? You certainly have a right to way whatever you like, yet I think that saying bitcoin is the "best" is attempting to make a kind of guarantee to its future performance, so even though you have a right to way whatever you like, I doubt that anyone can really genuinely make any of those kinds of guarantees without proclaiming sorcerer status, and I will call bullshit on anyone proclaiming to be a sorcerer. Damn, so i'm allowed to call myself a sorcerer Sure, there are quite a few people who call themselves sorcerers, and I think that they lose credibility, but you can call yourself a sorcerer if you want to be considered in that same kind of category... Some call them bulltards, and that is a real thing if you are placing too high of a certainty on events that have not yet happened. You would even be more reasonable to be assigning ridiculously high probabilities, but whatever.. do what you like. Haha LoL, of-course I never did any sorcerer predictions  But I will remain with my strong believes in BTC and I think my investments into BTC are healthy compared with my day to day life etc (that will be different for each person, and maybe difficult for some to find a good balance .....) It seems that both you and I have invested for the upside possibility. I had initially intended to invested around 10%, but then the market turned down for so long during 2015 that my dollar cost averaging even relatively small amounts caused my amount to go into the 13% to 14% territory, and I did not really feel any skin off my back for investing those kinds of quantities into bitcoin, and surely the magnitude of BTC's price appreciation that began in late 2015 brought the value of my whole investment way the fuck up and caused my BTC investment to dwarf the remainder of my various investments, even when at the same time in early 2017 when a decent amount of my BTC were hacked. My remaining BTC investment still continued to flourish in value as compared with the remainder of my investments into other traditional assets. So likely you and I agree quite a bit, except for some of the semantics that we (or our team) are using in our discussion of bitcoin's present value or future value... so even if you go on speaking in absolutes or more in absolutes than me, perhaps the outcome will not be much difference between either of us in terms of both future richie and likely already richie status that we have already begun to realize through bitcoin at its current price performance arena. I do agree and I know we both are strong believers of BTC as a useful tool and with a big possible upward potential... I didn't knew that you have been hacked..... Can you share some of that? How it happened? Always useful for beginners to prevent from happening..... I don't want to go into too many details, but the hack that I experienced was similar to the same kind of hack that quite a few bitcoiners have been experiencing related to transferring of sim port. So if the hacker is able to get into one of your e-mail accounts and is able to port your sim to another phone (meaning your phone number), then they can reset passwords on a large number of accounts. Of course, once they get into your accounts, then they can withdraw the bitcoin very quickly, and that withdrawal is non-reversible. Taking extra measures to secure your phone numbers, emails, and exchange accounts, including using various forms of two factor authentication can be helpful. These kinds of hackers tend to have a team, and they are likely able to do more and more and quickly access many accounts including if they get into your apple account to shut off some of your apple devices, and surely could be more problematic too, if you had backed up certain information in the cloud.... |
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I think we will finally see 11k again. Will probably sell at 11.5k (bought at 9.5k) and buy back below 10k if I can.
Are you playing with 100% of you BTC stash, or some smaller amount? Frequently it is not good to sell too much of your stash and then wait for the price to come back down to your selling point. That's what happened to Roach at $700 and that is what happened to jonoiv at $6k. |
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Yeah... the troll/shills frequently promise to leave, but they just cannot seem to find the door, so in that regard, it can be nice seeing them get reckt in the market. |
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I thought maybe he would go down further because he had changed his course and made the wrong decision Although one such as the other common loss!
Okay I am totally confused here. Who is the he now? Can you please write in detail instead of one line chatting style conversations? I am really not good at short cut communications. Are you better at long ones?  Bro, is that warning or invitation? You already broke your keyboard once, i suggest compact keyboard as a backup. Better safe than sorry.  I am just filling good about Pamoldar and his suggestion that maybe I might be filling a niche for "improving" his WO thread comfort levels. To some extent, it is nice to be appreciated. Regarding my going through keyboards, you are correct that the last couple of years, I had been breaking some of my keys. I had resorted to getting replacement keys, but at some point, I felt better getting a new computer. My computer was getting a bit long in the tooth, too, so it felt kind of good to upgrade - especially the speed of the uploads and the stability of multiple windows open and also the stability of an external monitor, too. Feeling spoiled, now... hahahahaha |
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bigger and Bigger and BIGGER price
De price is velly nice Yeah... Anyone complaining besides jonoiv or roach? |
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Seems like some more shorts are getting rekt!!!!! Maybe some more purging of shitcoins, too? relative to BTC. Guys still betting on BTC "down before UP"? Seems to become a bit more and more challenging to experience "down before up" when the current BTC price keeps moving a further and further upwardly distance from its current correction (local) low of $9,049, no? Currently observing $10,775 with flash pumpenings up to $10,798. bigger and Bigger and BIGGER price gap? AmiNOTrite? waaaaachyagonnaduuuuu? |
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[edited out]
We are back in business for all of five of them, including but not limited to the USD pair. I had been seeing a few members complaining, recently, about BTC's allegedly dull price performance, and jeez, seems difficult to be complaining about the upside movement for anyone who is a HODLer and accumulator when we are back in the top 100 across the board, and surely much higher up on the charts in some of the non-USD currencies, which could be a reflection of how poorly some of the other currencies are doing relative to the dollar, especially if the dollar has been performing relatively stronger than them. Who knows if the dollar is a bastion of fiscal responsibility, exactly (theory is that it is not, and therefore one of the rationales of bitcoin), yet no matter how you slice yesterday's BTC price performance, we have a hit in the top 100 in all five of the therein currency pairs. |
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You must be joking.
>$1m net worth is upper lower lower middle class.
>$10m net worth is upper upper lower middle class.
>$20m net worth is lower lower upper middle class.
>$50m net worth is lower lower upper class.
>$100m net worth is upper upper class.
>$1000m net worth is upper upper upper class.
Sorry to barge in, but it is not a valid classification, afaik. Here is a much better one: https://www.accountingweb.com/practice/clients/understanding-the-five-categories-of-wealthBitcoin OGs are "High Asset, Low Cash Flow" Wealth. Many/some of them are probably "Under the Radar" category. Upon btc reaching 100K OGs would probably seek to transition from "High Asset, Low Cash Flow" to "High Asset, High Cash Flow". Maybe this is when staking coins would surge, or, maybe, this is when OGs would start buying apartments en masse. Another classification: $1-3 mil affluent; $3-10mil wealthy; above $10mil-rich. In US in a larger, but not most expensive city, you have to have $3mil minimally to maintain a middle class lifestyle while not working. i guess you can call such person as wealthy enough not to worry about earning a living. Not really rich, though. Ronaldo earns 800K with one instagram endorsement post. Shaq earns 60mil/year by doing commercials. That's a high cash flow, lol. One good thing about bitcoin is that it is very liquid, as compared with some other kinds of assets. One bad thing is that it is volatile. Another bad thing is that it does not necessarily earn interests on its own, but if you feel sufficiently confident that you have enough BTC, you can start to cash out of it in order to maintain your passive income lifestyle. So if you believe that $1million is the minimum amount to accomplish that passive income life style, then you have to make sure that you have at least that amount at any point that you are cashing out.. so for example if the BTC bottom is $5k, then you would need to have at least 200 coins to be able to cash out your 4% per year or your $3,333 per month. Of course, if you have higher standards of living then you need more coins and/or for the bottom price to be higher. Each person should be able to determine his/her own level of comfort, and like you guys are saying there are also going to be some objective societal standards too that will vary depending upon what kinds of social circles you are rubbing elbows. |
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And yeah you want to enjoy the good things while you're young, not when you are a washed up hulk at 50. :-)
Yeah young and poor is ok. Rich and old is ok. Old and poor, not so much. 50 is not "old."  50 is "middle aged." Also, being poor sucks at any age. I know from experience. (Although I am supposedly not poor but lower middle class. Sill sucks.) When Bitcoin hits a new post halving ATH your new wealth will advance you to upper upper lower middle class. You can't really say that. That really depends on his BTC numbers. He may advance to high class as well. $100-300k net worth is what I'd consider low mid class (that's probably where he is right now) Not poor, but not exactly rich neither. Can't spend his shit as he likes which is a tight situation. A x10 increase in BTC may push him to "high class" if he is %100 btc right now. $200k > $2m. >$1m net worth is what I would call, "high class" $500k-$1m, upper mid $300k-500k, mid $100k-$300k, lower mid <$100k, pretty much poor That's how I think it anyway. You must be joking. >$1m net worth is only upper lower lower middle class. >$50m net worth is only upper class. >$100m net worth is upper upper class. >$1000m net worth is upper upper upper class. I don't know where you live but in where I live you are pretty much rich with a million bucks. Of course there are factions in high class too. I didn't say $1m is the upper high, but that's the starting point, that's where the fun begins. Even though It doesn't mean anything to many people like you nowadays, the dictionary says you are a HNWI if you have >= $1m. Apprently investopedia agrees with me: https://www.investopedia.com/terms/h/hnwi.aspTLDR: If you have more than a million bucks, (depending on where you live) you don't have to work for the rest of your life. (that's how I define "rich", not having to work) Pretty much true, that if you have a $million in assets, you can draw about $3,333 per month of passive income with those kinds of assets (the amount is $1million x 4% = $40k/ 12) , and $2million would be a bit better and would give you $6,666 per month and actually some additional cushion. Surely it is not filthy rich, but being able to support yourself with pure passive income does mean that you pretty much do not have to work. Some places, $3,333 per month is going to go a lot further than other places, and surely you should be attempting to live decently below your means in order that you would be able to have and maintain an emergency cushion. |
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