Your numbers seem to be pretty reasonable, so instead of settling for "filthy" rich, it is better for many of us to just to count on "normal everyday regular" rich.  

And, maybe peeps who want to achieve at least a minimum of $2million, would need to have at least a minimum of 6 coins - that is if there is any kind of sustainability in the $350k price range.

Personally I would not expect sustainability of any kind of meaningful price in BTC for the next 20 years or so, but there might be some frequently passed through areas that are sticking points from time to time... and market cap for gold seems to be a kind of reasonable one - even though bitcoin, in and of itself is probably decently 10x more valuable than gold, as a whole and as a system, but yeah, we are not going to see true value for a while, and also peeps of the world are not going to appreciate the value of bitcoin for a while, whether retail or institutions and surely retail is likely to lag behind institutions, I would think... but hey what do I know?

Fast transactions do not have to happen on 1st layer, and there seems to be a lot of building of second layer solutions in bitcoin, so if it is not broken, it is still in development.  Perhaps bitcoin could also absorb some other coin that might be better at transacting quickly as a second layer solution... although it does not really seem necessary to have any other second token for that... but whatever, who the fuck knows... things develop as they develop and there is a kind of snowballing effect anyhow that comes out a bit differently than expected and with variants of unexpectedness.

I hope that the world does not deteriorate further in that direction... though I do agree with you regarding the likely transfer or wealth from nocoiners to coiners, so in that regard, it is not too late to join the world of coiners if you happen to not be one, yet.  Surely there is some benefits to getting into BTC earlier.   Is there a saying about when is the best time to get into bitcoin?  yesterday.  When is the second best time to get into bitcoin?  today.  

I think that there are at least a few more 10x price runs (maybe even up to 5) before the wealth transfer from no coiners to coiners has largely and mostly taken place.

Many of us who are mostly not easily shaken from our coins will be decently rich, maybe even approaching "filthy" level with one or two more 10x price surges.  One 10x surge puts prices at $100k and 2 10x surges puts prices at $1million.  Most others participating in this thread with lower BTC holdings should be able to achieve such status by the time three 10x price surges occur.. that would be $10million a coin, so in those circumstances, even .5 BTC would be decent, but a whole coin would be even better... and you guys holding 5 or more coins will be sitting pretty... problem is that $10million per coin seems a bit of a stretch of the imagination, even if it is after 2028 or so?  there are quite a few participants in this thread that have at least until 2028 to stack their sats, no?

First you seem to be giving way too much probability to the possibility of zero in such a short period of time.  Of course, some governments could start shutting down on ramps, but how the fuck you going to get all governments to cooperate in that direction?  Governments do no necessarily agree with each other, and you think that they are going to agree with any figure head like The donald?  Furthermore, even if there were a more likeable and agreeable figure, there is still likely going to be localism battles that are not going to necessarily go along with the shutting down bitcoin theme that you imagine to be possible in the next 5 years.

Regarding your point about bitcoin being highly speculative, this has been my point all along about why it seems to be NOT necessary to diversify too much into other coins.  Bitcoin is already risky, and the other coins largely just follow bitcoin, and if bitcoin were either to go to zero or get pummelled down into a lot lower market cap (in other words more underground), then it would be difficult to imagine a world in which other coins would still be able to prosper in such a system in which bitcoin is not able to.. .because it seems that so far bitcoin is the only one that really has any kind of degree of decentralized secure mining that would be sufficiently resilient to really back up potential grandiose attacks, were they to occur in any kind of systematic way from BIG players such as governments.

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.

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.


Self assigned status.... lovely.  One of your ongoing tone problems.



Unsolicited advice is going to get you a long way.


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.

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. 

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.

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.



Bitcoin's tech is stagnating? Currently?  Or in 2014?

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?

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?

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.

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.

It can take a decently long time to build up wealth.. including having enough invested into bitcoin in order to make a difference

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....

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.

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.

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

Great.. I am glad to hear from you bitserve, regarding this particular assessment of "fine".....

even though many of us, including ur selfie, likely recognizes that corn gives approximately less than two shits about the from time to time assessment of any of us.

 

 

Yeah...

Anyone complaining besides jonoiv or roach?