ATH now?
Math & science says YES! |
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In other news, we just crossed $19,000.
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For European residents, I can vouch for Kraken. Been with them since 2015. No issues. Deposits and withdrawals have gone through (although withdrawals were for very small amounts—don't know what will happen if I request to withdraw a lot).
There was a time (around 2016-2017 IIRC) when their servers were slower than a CASIO calculator, which actually protected me from selling some corn by failing to execute a string of sell orders. My current stash would have been much smaller, had those orders gone through—thanks Kraken!
For Europeans,
The tentacles of Kraken,
Work kind of OK.
#1krakenhaiku
I agree. I have also been a customer since 2015. I have made monthly withdrawals since late 2016. Never had a problem. Thanks for the reply. My Kraken withdrawals have been minimal—only a few times for a few hundred € each time. Everything went smoothly, no questions asked. If it's not too much trouble for you, what are the approximate amounts of your monthly Kraken withdrawals? Hundreds? Thousands? Did you have any issues with your bank (i.e., being asked "where do these monthly deposits come from?" and having to explain about your crypto, etc.)? I don't think answering the above poses any OPSEC issues, but if uncomfortable, please ignore this post. Thanks! The amounts I have withdrawn monthly is between €1000-2000. No big sums, but they have never failed me. I've had some problems though, but it has never been problems on the Kraken side (like when when Revolut/TransferWise blocked transfers from/to Kraken). Excellent. Thanks for the valuable info. These are the monthly amounts I'm planning to withdraw in the near future too, so it's good to know that almost everything went smoothly for you. It's the banks I'm more worried about, not Kraken. There's always the ATM option too, albeit with a higher premium—a small price to pay for complete anonymity (until they start forcing us to KYC there too). The funny (sad, actually) thing is that most of us have not done anything wrong, we're not criminals, and yet we are often treated as such, until proven otherwise... Edit:@machasm: thanks for your reply, too. @psycodad: and yours, too. |
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For European residents, I can vouch for Kraken. Been with them since 2015. No issues. Deposits and withdrawals have gone through (although withdrawals were for very small amounts—don't know what will happen if I request to withdraw a lot).
There was a time (around 2016-2017 IIRC) when their servers were slower than a CASIO calculator, which actually protected me from selling some corn by failing to execute a string of sell orders. My current stash would have been much smaller, had those orders gone through—thanks Kraken!
For Europeans,
The tentacles of Kraken,
Work kind of OK.
#1krakenhaiku
I agree. I have also been a customer since 2015. I have made monthly withdrawals since late 2016. Never had a problem. Thanks for the reply. My Kraken withdrawals have been minimal—only a few times for a few hundred € each time. Everything went smoothly, no questions asked. If it's not too much trouble for you, what are the approximate amounts of your monthly Kraken withdrawals? Hundreds? Thousands? Did you have any issues with your bank (i.e., being asked "where do these monthly deposits come from?" and having to explain about your crypto, etc.)? I don't think answering the above poses any OPSEC issues, but if uncomfortable, please ignore this post. Thanks! |
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For European residents, I can vouch for Kraken. Been with them since 2015. No issues. Deposits and withdrawals have gone through (although withdrawals were for very small amounts—don't know what will happen if I request to withdraw a lot).
There was a time (around 2016-2017 IIRC) when their servers were slower than a CASIO calculator, which actually protected me from selling some corn by failing to execute a string of sell orders. My current stash would have been much smaller, had those orders gone through—thanks Kraken! Now their servers seem to work OK. My latest purchase of 1 BTC for $8000 in 2020 went through instantly. And I'm so glad it did!
For Europeans,
The tentacles of Kraken,
Work kind of OK.
#1krakenhaiku
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What worries me is that we should adjust Bitcoin ATH to the same percentage.
19,995 US$ in fall 2017 is not the same as 19,995 now. We should count (reported) 22% more = 24,393 US$ before we scream CCMF next time.
Yes, we should, but who cares? It's all...semantics. ATH is an ATH, albeit of lower value than the previous ATH. Temporarily!Where we're going, we won't be using percentages, but orders of magnitude and log-scales! |
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"Fugg your mother if you want fugg!" LOL
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The Fucking story is missing a very important detail:  Can you imagine how Dick will feel now with no more Fucking? This already made my day!  I think Geretsberg is the loser here... In the meantime, Bitcoin doesn't give a fugg! |
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IMHO, they shouldn't have changed their village's name. It was their original name, it carried historical meaning, it had existed for 800 years, the locals didn't have any issues with it, other than stupid, ignorant, immature foreigners causing trouble and not respecting the region's history and tradition. What's wrong with Fucking? Those who are offended can go to Hell instead. |
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That was a good shortie-but-sweetie (only 5 minutes) interview with Michael Saylor, and he continues to be quite a good spokesperson on the bitcoin investment thesis [...] Looks like '2x per year' idea is now mainstream... I noticed they both of them described the long term trend of BTC as 100% per year... Yes.. I have noticed some of this kind of talk, but I doubt that anyone really believes that 2x per year would be sustainable for long term planning - even though i recall that you have been presenting such a chart for quite a while now. Furthermore, even though I also heard Saylor say something like 100% per year, that does not really seem to be his more solid investment thesis which largely had honed in upon his expectation that the dollar is losing value and that the actual current practices will likely continue to sustain loss in dollar value.. so BTC becomes more solid - even if it might not end up appreciating 100% per year relative to the dollar or other possible investments. That was a good shortie-but-sweetie (only 5 minutes) interview with Michael Saylor, and he continues to be quite a good spokesperson on the bitcoin investment thesis [...] Looks like '2x per year' idea is now mainstream... I noticed they both of them described the long term trend of BTC as 100% per year... I can live with a BTC/USD gain of 100% per year: Year BTC/USD
-------------------
2020 $ 17,000
2021 $ 34,000
2022 $ 68,000
2023 $ 136,000 <--- My "moon" level.
2024 $ 272,000
2025 $ 544,000 <--- My "fuck-you rich" level.
2026 $ 1,088,000
2027 $ 2,176,000
2028 $ 4,352,000
2029 $ 8,704,000
2030 $ 17,408,000
2031 $ 34,816,000
2032 $ 69,632,000
2033 $139,264,000 <--- My prediction of 1 cup of coffee = 1 sat comes true!How about we start more conservatively with the beginning of the year 208-week moving average, which would have been about $5k ------------------- 2020 $ 5,000 2021 $ 10,000 2022 $ 20,000 2023 $ 40,000 2024 $ 80,000 2025 $ 160,000 2026 $ 320,000 2027 $ 640,000 2028 $ 1,280,000 2029 $ 2,560,000 2030 $ 5,120,000 2031 $ 10,240,000 2032 $ 20,480,000 2033 $ 40,960,000 Still seems like a bit too much (too bullish) for my thinking, and even not quite sustainable, even in that period of time. And, I am not saying that either scenario is not possible, but a more conservative version seems a bit more plausible.. even though even that more conservative version seems a bit of a stretch. Not bad, either. Your table is just lagging 2 years behind mine. Which is fine, and more realistic. Either one of the two tables is fine by me, and both are SUPER BULLISH. Seems too good to be true, but you never know... |
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AlcoHoDL maybe the only problem with your model is that we don't know what the real value of USD would be, meaning that your model can be revised on the way up even more.  Very true! Thanks for pointing it out... |
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That was a good shortie-but-sweetie (only 5 minutes) interview with Michael Saylor, and he continues to be quite a good spokesperson on the bitcoin investment thesis [...] Looks like '2x per year' idea is now mainstream... I noticed they both of them described the long term trend of BTC as 100% per year... I can live with a BTC/USD gain of 100% per year: Year BTC/USD
-------------------
2020 $ 17,000
2021 $ 34,000
2022 $ 68,000
2023 $ 136,000 <--- My "moon" level.
2024 $ 272,000
2025 $ 544,000 <--- My "fuck-you rich" level.
2026 $ 1,088,000
2027 $ 2,176,000
2028 $ 4,352,000
2029 $ 8,704,000
2030 $ 17,408,000
2031 $ 34,816,000
2032 $ 69,632,000
2033 $139,264,000 <--- My prediction of 1 cup of coffee = 1 sat comes true! |
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Watching this correction play out is boring  I think anything below ATH is boring these days... |
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[...] EDIT: So i asked my wife to BTFD and she did Good girl  Did she? Really? Lucky guy you are! Now you're tempting me... I've got some spare fiat from a bonus I got recently. About $10k. Should I? Damn! |
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Breathe in, breathe out.
Bidnez as usual. Honey badger's got to sleep too, ya know... He isn't some sort of superpower like Vegeta or sth...
As Jay would say: "don't you know nuttin'?"
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@OROBTC:
The post of a true gentleman. WO is like Bitcoin. No central authority. You are part of WO, or you aren't. You stick, or you don't. It's a beautiful thing, that I have not yet found anywhere else online, or even offline. In these here partsTM (thanks JJG) there are no set rules, no nasty admins, no guidelines to strictly adhere to. There are posts about Bitcoin, trains and rockets, violins and Carolinas, haikus & limericks, rusty pipes and dildos of various sizes, naked asses with messages written on them, all mixed with Nietzsche, The Daily Stormer, ancient Greeks and aliens. And, yet, there is a self-sustaining order and structure that holds it together and makes it the wonderful place that it is. So, thanks, OROBTC, for adding your own ingredient to that special WO sauce.
@JJG:
About the 1 sat = 1 cup of coffee prediction. The logic is this: prices for everyday goods & services cannot be truly BTC-nominated, as long as fiat exists and is used in most manufacturing/production supply chains. Even if a store wants to price their goods in BTC, they still have to buy them with fiat from the wholesaler. The entire chain has to convert to BTC for truly BTC-nominated prices to be able to exist. I strongly believe we are very, very far away from this stage. This will be achieved when BTC attains its true steady-state value. I can't put a date of when this will happen, but until then, I do not believe we can escape from fiat as a necessary evil when we want to make use of out wealth. We may not have to handle fiat ourselves if we don't want to (there are ways to avoid fiat altogether), but fiat will have to take part somewhere in the process. Sadly. Volatility and wild fluctuation in the prices of goods (when expressed in BTC) will plague us for some time to come. What the steady-state value of Bitcoin will be is anyone's guess. I gave the conservative estimate of 1 sat = 1 cup of coffee, based on the limited supply of 21,000,000 BTC (much less if you subtract lost coins and, perhaps, Satoshi's own stash). I can live with that. Or with much less than that. But, IMHO, the current BTC/USD value will not ever register in the price charts of the future. OK, maybe in log-scale...
As for WO page parity, it will happen once, and it will happen soon.
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So, ATH soon is a given IMHO, then what ? Stay up there, go significantly higher ? Then what ? Do you think a pullback to 4 digits USD is possible ? Asking for a friend.
4 digits is no longer possible. That time has passed. proudhon should be here soon to maths and science this statement for accuracy. "Math & science me this!" Nice! |
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It's all good.
The time everyday goods prices will truly be BTC-nominated, is the time a cup of coffee will cost one (1) sat.
HoDL.
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How you going to pay in BTC if the person refuses to accept BTC..? Hold a gun to their head? You cannot assume away the point that I was making by saying, "if you pay in BTC" when you have not even gotten to that point yet, can you?
Of course. However some places do take BTC, yet I've never seen one whose prices are BTC nominated, and don't move with the BTC/USD price. So in reality the prices are still un USD (other fiat). As long as they use fiat to pay for their supplies, their BTC prices will always move with BTC/fiat. To have truly BTC-nominated prices, everyone in the supply chain has to be BTC-nominated, and, sadly, that's still a long way away... For now, fiat is a necessary evil, if you want to enjoy your riches. Sadly... |
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Today may be the day.
Soon anyway!
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