And then I start to wonder what others would think/do in that situation... I mean... If the extraordinary gains Bitcoin has given in the past were not there anymore... Would most of you guys keep holding/using it as a store of value or, on the contrary, would that make you cash out an even bigger part of your stash because you were mostly hodling in the expectation of awesome future profits?
Know what I mean? What would you guys do if/when the constant staircase growing of Bitcoin stagnates?
When it looks like bitcoin is not going to get the large 10-20x moves any more, everyone will be holding it and buying more each week. Why? Because the alternative will be owning fiat currency and anyone who understands the global economy and it's monetary system knows that holding fiat is a bad idea. People who don't understand the global economy and it's monetary system, but who live in Iran, Zimbabwe, Venezuela etc, also understand why you don't want to own fiat. Fiat is good for exchange of goods, definitely not hodling. I think most long-term people in the crypto space are confused with what they are doing. They aren't investing, but rather saving for their future. Same as putting your money in any other asset that is fairly or under valued. As long as I am earning an income through my labour, I will continue to save this income for the long-term in bitcoin, no matter the price. |
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9151-9200 sounds good to me.
Thanks mic.
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Maybe also disable the damn superfetch service (google) which makes a windoze pc become a memory swapping machine over time.
One of the greatest WinNT 5 misconceptions, already "tested" from WinME upwards.
I sped up most windoze boxes that were one to three years old considerably, just by disabling this stupid memory prefetch service bug (because it's NOT a feature, imo)
It's still prefetching unless you turn off: HKEY_LOCALMACHINE > SYSTEM > CURRENT CONTROL SET > CONTROL > SESSION MANAGER > MEMORY MANAGEMENT > PREFETCH PARAMETERS > ENABLE PREFETCHER OK I found ENABLE PREFETCHER, how do I turn it of? There is no of option, do I delete it? Set to 0 |
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Nice to have a bit of a Santa rally. Hopefully we get a bit more Christmas cheer and a Happy New Year.
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Also I am still fearful that so much expectation from so many people about the halving could not result in the expected outcome and when I see "predictions" for the next 2-5 years like $50K, $100K and over I get nervous. Well, we will see. Whatever it has to be, just let it be. I will just HODL (and try to sell *some* when the time price comes).
I remember the period before the halving in 2016, and I can assure you there were just as many predictions (on a per capita basis, bitcoin community was much smaller then with little mainstream pickup) about how the price was going to boom. The only difference this time is that they are putting lofty price targets along with the prediction. It seems that the only reason why these price predictions are happening this time is because of the very popular stock to flow analysis by PlanB. I am not fearful at all, and anyone who has an understanding about supply constricted markets shouldn't be fearful either. |
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Hu guys! I have a big respect for all who post here!!! I am a new generation honey badger and learned a lot from you! I am contemplating to take a bank loan equal to 2 year salary. My bank has some good 5 year credits (about 12% interest for the whole period). Even if the price falls to the 3100 bottom, it will recover soon, I have no worries about that. This is probably the last chance to increase my stash with several whole coins before the halving.
P.S. My friends who were afraid to buy at 3100 earlier this year, are now planning to invest serously. Bull sign that good times are ahead!
Fortune favours the bold my friend. But, if your are going to do something like that make sure you can afford a 100% loss. It's not just the price going down. Exchanges can be hacked (lose coins if kept there), private keys can be misplaced, hardware wallets can be lost, 24 word seeds written down could be found by others. So if you are going to take a loan, make sure that all your bases are covered first. Good luck! |
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The Bargain Boyz clearly have no interest in these prices so its going lower.
If 6400 doesnt hold and then I fully expect we plunge down to the 5200 range I suspect it will be a ride straight down with almost no big bounces in between, bc the April Tether Fud that started this Bubble took us from 5200 to over 7k with basically no big dips. Im expecting history to rhyme a bit and a straight shot to 5200 if Bargain Boyz dont rescue Bitcoin.
They told me they are celebrating Thanksgiving with fam this week so I wouldnt expect a Bargain Boyz ultra high volume bounce before then, maybe a low volume bounce that will get sold quickly at best.
This Thanksgiving is going to be full of Nocoiners saying "I hear Bitcoin crashed," and "I told you so" to noble Hodlers. A small price to pay to be one of the future financial elite.
5200. A lot of miners won't be profitable at those levels. |
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Dayyym, down she goes. Surely Jimbo is on his way home soon.
Punching the clock until spring, gonna let surf, sun and wind rule life for awhile. Whadayagonnado, just keep buying as it gets cheaper. What's the mining cost again?
I've heard chatter that 6500 is when some miners will start pulling out. |
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Bakkt is not a market. Bakkt is a price suppression tool. It is run by the same people that suppress the price of gold through naked short sales. Or a tool for miners to sell their future coins at a guaranteed price. Or perhaps a tool for larger organisations to procure bitcoin in a regulated way. I'm not prepared to go full conspiracy theory yet on them. Time will tell. But volume is increasing on the lows and not the peaks so what does that say? Maybe it means demand. Your naive optimism is refreshing so have a +sM but I agree with Becoin.  Not saying it's not true, but we don't have any evidence either way yet. If 6 months after the halving we are down at these levels there might be some truth to it, and my suspicion will rise. But, until then I'll go off facts. |
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Bakkt is not a market. Bakkt is a price suppression tool. It is run by the same people that suppress the price of gold through naked short sales. Or a tool for miners to sell their future coins at a guaranteed price. Or perhaps a tool for larger organisations to procure bitcoin in a regulated way. I'm not prepared to go full conspiracy theory yet on them. Time will tell. But volume is increasing on the lows and not the peaks so what does that say? Maybe it means demand. |
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 time for two bottoms yet? Hell, feel free to post bottoms even at a top. |
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Ok, my mini panic is over (I always have one when we start a sharp descent).
I’m over invested to fuck in bitcoin but I believe in my baby BTC. This is all just noise & long term we’re all going to be very wealthy. I may panic at times but I haven’t sold a single sat & I will not.
#stronghands
HODL
Still kinda bummed I bought £1000 worth at $7600 yesterday - 12% Discount if I’d have waited
What do you consider wealthy? 1 million 5 million 10million.... For me personally 5 million is enough to live a nice, comfortable, enjoyable life. If I had 5 million I would invest 4.5 (into something safe) to get a cashflow of 10k a month until end of days... So you'd keep it in Bitcoin then. Nothing safer IMO. I cant stand these ups and downs anymore. If you want to be able to stand it. Do more reading on how shit, rigged, and corrupt the legacy financial system is. |
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Ok, my mini panic is over (I always have one when we start a sharp descent).
I’m over invested to fuck in bitcoin but I believe in my baby BTC. This is all just noise & long term we’re all going to be very wealthy. I may panic at times but I haven’t sold a single sat & I will not.
#stronghands
HODL
Still kinda bummed I bought £1000 worth at $7600 yesterday - 12% Discount if I’d have waited
What do you consider wealthy? 1 million 5 million 10million.... For me personally 5 million is enough to live a nice, comfortable, enjoyable life. if you plan to retire based on your BTCitcoin wealth and the price reaches your target you should hedge (with Futures or Options) against further price decline. it is better than convert into FIAT IMHO. you will be protected from decrease of the price but you will also not participate on further price increase. it depends on what type of human being you are. more a safety searching one or more a gambler one. Interesting, I'll look into this. |
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Ok, my mini panic is over (I always have one when we start a sharp descent).
I’m over invested to fuck in bitcoin but I believe in my baby BTC. This is all just noise & long term we’re all going to be very wealthy. I may panic at times but I haven’t sold a single sat & I will not.
#stronghands
HODL
Still kinda bummed I bought £1000 worth at $7600 yesterday - 12% Discount if I’d have waited
What do you consider wealthy? 1 million 5 million 10million.... For me personally 5 million is enough to live a nice, comfortable, enjoyable life. If I had 5 million I would invest 4.5 (into something safe) to get a cashflow of 10k a month until end of days... So you'd keep it in Bitcoin then. Nothing safer IMO. |
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Damn i'm a permaBEAR, I even don't know I have any coins actually, but I do love hanging around here  Its cool, we like seeing your posts about spending money rather than investing in the King, Mr. Team Bearsons Leader  hahahahaha You seem to have some correct in you from time to time, lambie bambie. When there are posts about extravagances, then that seems to be an opposite behavior to HODL and accumulate... especially when the BTC prices are dipping. Seems that we might need more McDonalds posts and possible ways of frugality during these kinds of trying times. If you have a substantial stash of coin, retired off it, need income but are loath to sell at these prices, consider earning weekly interest on a portion of holdings through Celsius. It's way better than selling. How secure is Celsius though? how do they earn their interest. I have a tiny amount in there but am paranoid to put in any more. |
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Honestly, my response to this is "meh".
But I am seasoned when it comes to bitcoin.
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holy fuck. that was unexpected.
350DMA is dead.
Now we can panic. IT IS TIME TO... PANIC!
and panic is when it is time to buy |
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Bit of a slaughter today, rushing to buy more bitcoin now.
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