Bitcoin Forum
June 19, 2024, 10:26:44 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 [2] 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 ... 1522 »
21  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: June 16, 2024, 08:19:38 PM
[edited out]
I wish it will be possible i would have suggested we do a live video while doing our pushups to show that we are really doing the exercise but I think It would be kind of stressful cause to an extent I think people are not really doing the pushup and they keep reporting however, i think doing a video of ourselves while doing the pushup won't be necessary cause whether they do it or not it's their own detriment, if not for the fact that some people's name are occupying space on the list, I think they are cheating theirselves for not doing what they claims they are doing.

For merely OPsec reasons it is not reasonable nor practical to expect any kind of photo or video of any forum members, so largely we need to go by the words and/or representations of our fellow forum members.. but it does not hurt to question their words and/or their representations in regards to what they are saying that they are doing, especially if they are describing something that seems more like a fantasy (or a fiction) rather than something that they are actually doing in physical biological corporal reality.
22  Economy / Speculation / Re: Buy Bitcoin, and HODL! on: June 16, 2024, 08:14:12 PM
[edited out]
You are making sense, Dips are inevitable in the market and some investors are not ready to invest when the price of Bitcoin is stable, for example how we know the stability price of Bitcoin to range between $70k and above, so a few investors might actually want to see the price go below before they invest but from another view it is not always efficient most especially when the Dip the investor have in mind is far more below the stable price, he may keep on waiting for a longer time untill the price begin to surge further instead of declining to his expectations and will be left with no other option than to buy higher than expected.

We might be going through consolidation for nearly 4 months, but I doubt that "stable" is any kind of an accurate way of describing BTC prices or BTC price dynamics.
23  Economy / Speculation / Re: Road to 100k? on: June 16, 2024, 08:08:00 PM
It's been a very long time, maybe in the last 2 months the price of Bitcoin has been stable between $60k-$70k and hasn't shown any signs of being bullish even though the halving has started. it's actually very realistic to expect bitcoin to reach $100k because before the halving started bitcoin's ATH was $73k. I think in the near future we shouldn't talk about $100k because bitcoin's biggest challenge right now is crossing $70k.

Personally, I don't really like the term "stable" to describe something like bitcoin prices, especially since to me it seems that bitcoin is in a kind of war, so even if there are periods of relative "stability" or consolidation that might even be considered as going upon 4 months from the end of February, for me, that still does really rise to the level of stability... so yeah, good luck if you are relying on BTC prices to continue to largely stay in a $60k to $70k-ish range.

And.. really who cares about $70k.l yeah we are bouncing around it and yeah $69k was the previous ATH price, so surely $70k has some significance, yet so does $100k, and so even if there is no real reason to get worked up about $70k or $100k, it seems to me that we could find ourselves bouncing around $120k to $180k, even within this calendar year, and then all of a sudden we might start to consider that we were taking for granted that BTC had been spending so much time in 5 digits.. and I am not going to proclaim to know whether 5 digits will become out of the question to return to these prices, but surely I would not be surprised for those folks who are failing/refusing to sufficiently/adequately prepare for up.. and yeah, it is not guaranteed to go up.. but still it may well be helpful to make sure that you (we) are sufficiently/adequately prepared for up.. just in case such up might end up happening.. and sure?  how do we prepare for up?  Need I ask?

If you are questioning and/or even taking for granted that $70k is supposedly some challenging number to get above, then surely your own ideas of bitcoin might not be in the right place.. even though, again, I am not presuming such UPpity to be guaranteed, but it would be a shame (which it is) if some folks were not sufficiently and/or adequately preparing for UP, even though they should have been.. which happens to be around 99% of the world's population that has no coins or low coins.

1. Competition
2. Market correction etc.
Though there are many to be listed but to make it snapy this is the two I have to discuss for now.
The Competition aspect is as a result of many new coin surfacing the market which is misleeding some bitcoin investors to sell off there bitcoin and going for some social media trending shitcoin. This will reduce the numbers of investors we have in bitcoin. Although it will only dip for sometime and also pick up because the more people are leaving the more people are coming. Even the market correction and the spot ETF bitcoin which are also the elements of bitcoin increase and decrease doe not stop the growth of bitcoin. If investors pull out there money from bitcoin Investment after the approval of spot ETF, and the price didn't increase more, I believe other people would still have a good reason to invest in bitcoin and surely the price of bitcoin will rise. Even the market correction can't even slow the price of bitcoin because it is a normal thing and the price will still rise. All am saying in essence is that bitcoin price must rise no matter the circumstances. Bitcoin has come to stay
Competition?. Well from the general angle of business matters, competition plays a massive role in determining the price of goods, but looking at the massive gap in terms of price and market cap between Bitcoin and alt, can we really say that competition is a huge factor in determining price?. I think this point (competition) can be trace back to one thing, which is: demand and supply . If you had use "demand and supply", then there should have been a better form of correlation.

From the principle of economics, when the demand is high, and the supply is low, the price tend to increase. While going the other way round would lead to a decline in price. We've seen this happen for years.

Aside demand and supply, I think Rumors also play a significant role.

As for the underlined text above, there is a bit of misconception there as you've also stated that market correction can't slow the price. I will appreciate If you could explain better on how that point matters.

These are the few I can mention -
1. Demands and supply
2. Rumors(news)
3. Regulations ( which can also be traced back to number 1, by either increasing or decreasing it), etc.

Yes... rumors and information may well scare some folks out of their coin.. so surely there could be some folks who are selling too many coins too soon because they have some kind of a belief that these might be decently good prices to sell some of their corn.. .. and yeah, we have a lot of historical examples of folks selling too many coins too soon.. but that's their choice.

.......All this put together might see us reaching the $100k Mark before the end of 2025 first quarter.

Huh?  it is going to take that long to cross over $100k?  Wow.
24  Economy / Speculation / Re: Buy Bitcoin, and HODL! on: June 16, 2024, 07:41:12 PM
[edited out]
I agree with you one can't wait trying to get all the knowledge before investing, me as a newbie I don't have all the knowledge about Bitcoin all I have now is still the basic knowledge and I have already started accumulating Bitcoin using the DCA method. The more you wait the more you lose just imagine I was still waiting trying to get all the knowledge about Bitcoin I won't have accumulated the little I did now, so there's no point in waiting get the basic knowledge and start your accumulation journey.

Bitcoin is a good store of value, even if Bitcoin isn't worth anything today, it doesn't matter at all because the future is brighter than now. Why did I say what I said? I said this because I believe that Bitcoin is not something we should buy today and sell next month, it is something that an investor should hold onto dearly cy long  and I also understand that the more an investor holds onto Bitcoin, that's the more knowledge the investor gets so, without putting the knowledge to practice (by investing) the investor will just stay without adding more knowledge to the ones he/she has already learned before.

The only way one can get full knowledge about Bitcoin is by investing, you will get to understand very well what it means when Bitcoin's price increases and when it decreases, only knowledge will not give us experience, so if an investor that hasn't invested in Bitcoin needs more knowledge, then he/she should invest and learn more from the investment side. So my follow newbies get the basic knowledge and start your Bitcoin accumulation journey so you won't regret waiting.
All of that sounds correct, and you should get more knowledge about bitcoin and yourself if you spend 4 years or longer accumulating bitcoin, learning about bitcoin and potentially adjusting (and/or tweaking) your various BTC accumulation (and/or BTC maintenance) strategies along the way, so maybe after 4 years or more of accumulating bitcoin, you will be in a much better position to both assess how your bitcoin accumulation had been playing out and whether you need to make further adjustments to your strategy at that point or just to continue with what you had already been doing.
Exactly, gaining more knowledge and being very observant during one's accumulating years is very necessary because it is assumed that after 4 years one must have undergone thorough study of how Bitcoin investment works so for someone that have been using the DCA to buy Bitcoin at regular intervals, can decide either to increase their DCA depending on his capacity through his income in-flow because if one has started earning higher and sees the need to increase their DCA amount or have some reserved funds incase of a DIP then it is also left for such investor to begin to use different accumulating strategy like the lump summing as these strategies helps in building huge portfolios and owning a high amount of Bitcoins unlike the regular DCAing. Bitcoin investment is just about being able to understand the activities of the market at a particular period of time.

You are not incorrect in anything that you are saying Btcdeybodi, yet you seem to make the process of the first four years of investing in bitcoin to sound more magnanimous than it may well be in terms of each of us likely coming from different places in terms of our investments and/or starting points, and so it could well be that someone comes into bitcoin and is brand new to any kind of investing into anything, and there are also folks who come into bitcoin and have already experienced other kinds of investing, so they are adding bitcoin into the mix of their already existing investments.  .. so surely, I don't necessarily mind presuming and/or exploring cases in which people might be completely new to both investing and new to bitcoin, yet it still remains dangerous to presume too much of that without specifically pointing that out to be our presumptions.. and if we are getting to a place in which someone is brand new to both bitcoin and to investing, I really have my doubts about their making magnanimous progress within a 4 year timeline, even if 4 years might be enough time for them to really to get the hang of managing their finances (and psychology) and likely putting in place good systems of cashflow management, such as establishing and managing of an emergency fund, reserves and their monthly cash floats.  Those kinds of practices can be decently established in 4 years, but not necessarily expecting to become rich or even to be in any kind of meaningful profits with your bitcoin investment.

No matter what when we add some kind of a new investment into our practices, we are likely going to be attempting to learn along the way, and there may well be some aspects of bitcoin that we do not really realize that we do not know until we have been looking into bitcoin for a while and have studied and thought about it. 

I do consider that many times people overly emphasize how much we need to know about bitcoin in order to invest into it, when the more important learning points remain learning about ourselves, our finances, our psychology and how to manage our cashflow, including our bitcoin investment, even though surely there are some special aspects of bitcoin that are also worthy of learning - especially since bitcoin is a paradigm shifting asset class that is quite unique and it could take several years  (beyond merely 4 years) to wrap our heads around having a better understanding in regards to how bitcoin differs from other investment options that we might have when we start in bitcoin or other investment opportunities that might come to us during our first 4 years involved in bitcoin.. and will we get distracted or not or will we be able to keep ourselves with some kind of a meaningful focus that is tailored to our personal circumstances.

Your seeming presumption about making a lot of progress over 4 years of investing into bitcoin may well be overly presumptuous, since it could take 20 years or more for someone to really meaningful and significantly build up an investment (whether bitcoin or any other investment or even if we might consider that there are possibilities that our bitcoin investment could end up paying off in a shorter period of time than other places that we might put our value.. without guarantees, either), so we cannot necessarily presume that someone coming into bitcoin is going to become totally transformed into riches in 4 years, and it could even be the case that 4 years of investing into bitcoin has not actually realized a whole lot of progress (and maybe not even being in profits).. but still there could be values in terms of going through such a process of investing, learning about yourself and organizing yourself.

Regarding your ideas of lump sum investing opportunities..  frequently the consideration of lump sum opportunities might come in the very beginning of an investment, but surely as you suggested, there could be opportunities for lump sum investing at various points down the road too.. yet at the same time, the longer that anyone is in bitcoin, then there would be a bit of a presumption that such person had already been building up his/her bitcoin stash including that how and the extent to which the bitcoin stash is being built up (in comparison to any other investments - including cash reserves that the person has) is going to help to inform that person in regards to future actions in terms of if some lump sum amounts of money might suddenly come available and then there might already be a system in place so that the lump sum extra amounts might be able to be plugged into bitcoin in full or perhaps in part.. and with discretion and insight regarding whether and how to employ lump sum investment opportunities if they might come later down the road rather than coming in the very beginning stages of a bitcoin investment period.

[edited out]
It's also important to remember that Bitcoin is still a relatively new and volatile asset class. As such, it's crucial for investors to diversify their portfolios and not put all their eggs in one basket. This way, even if Bitcoin doesn't perform as expected, they have other investments to fall back on.

That is not true.  There is no need to diversify for the mere sake of diversification.. especially for newbies.

Newbies in Bitcoin should actually put their thoughts, not on the technicalities of Bitcoin, but mostly on their financial strengths, and reliability of the investment as every other investor should.

You seem to be contradicting yourself a bit.  Sure, newbies may well need to figure out their own finances and their psychology.. but you seem to be focusing also on some kind of need to understand the underlying investment (which is bitcoin in this case).

New Bitcoin investors shouldn't worry too much about the technical intricacies of Bitcoin or trying to predict market movements in the short term. In the initial stages, it's much more important to focus on understanding the fundamentals of Bitcoin, such as its decentralized nature, limited supply, and potential use cases.

Maybe I kind of agree with you here.., even though you are saying it in a bit of a weird way.

I think the main point is get started and learn along the way.. and also if there is discomfort with the amount of bitcoin knowledge, or even discomfort with the person's (newbie's) financial / psychological status, then adjust the investment amount into bitcoin downwardly while learning about bitcoin and to be able to feel that s/he is not overly investing in such a way that it is going to contribute towards either financial and/or psychological stress.

While it's certainly beneficial to stay up-to-date on Bitcoin news and developments, trying to time the market or predict short-term price fluctuations can lead to unnecessary stress and potential mistakes.
That's in my opinion that is.  Well, there are other things a 'new coiner' should focus on though.
I think lowcoiners should focus more on holding and stuff like that, instead of market predictions and chasing the wind.

Surely I agree with you in regards to the earliest of bitcoin accumulation stages which may be 4-10 years or longer depending on how aggressi vely that a newbie is able to invest into bitcoin, so yeah, maybe after several years investing into bitcoin, s/he might be able to start to consider market timing kinds of matters.. but yeah, in the very earliest of BTC accumulation stages there may well be hardly any need to really think too much about timing of the market...

Let's say for example that a newbie gets started in bitcoin and decides to invest 10% of his/her salary into bitcoin and with that rate of investment, it is going to take right around 10 years to have 1 year's worth of salary invested into bitcoin, and so we cannot necessarily presume that bitcoin values are going to out pace the rate of inflation, so after 10 years we may well ONLY have an investment that is right around 1 year's worth of salary (expenses)...   I have a hard time considering that someone that ONLY has around 1 year's salary invested into bitcoin would really be in a strong financial situation to start to time the market, even though surely folks are able to engage in their own analysis including it makes way more sense to analyze where someone is actually at after 4-10 years or longer rather than speculating about it, so in that regard, the analysis makes more sense when it is based on the data that accounts for where the person is actually at rather than where the person may or may not be.. and of course, we can also choose our level of aggressiveness in order to attempt to try to get to a stronger financial and/or psychological situation faster,

and so for example a person who invests 25% of his salary into bitcoin is going to reach 1 years of salary in right around 4 years, so the time is drastically reduced when a person develops the capacity to invest higher percentages of his/her salary (by either increasing income or reducing expenses), and yeah, not all people are able to invest anywhere close to 25% of their salary, and there are so many folks who struggle (and/or are not ready, willing or able) to even invest somewhere in the ballpark of 10% of their salary into something like bitcoin.. so surely some folks might speculate that investing is easy, but it takes a quite a bit of efforts to both establish a system and then to employ such system while at the same time not being tempted to be dipping into one's investment prior to allowing their investment with the passage of time to continue to grow... poor people can really be tempted to dip into their investment portfolio and to borrow from it or to  take profits or some other short-sighted nonsense that they might not realize and/or appreciate the negative consequences of their inabilities to refrain from dipping into their investment portfolio (whether bitcoin or anything else.. here we are talking about bitcoin, of course).

[edited out]
You are already late to bitcoin so why do you still want to delay the opportunity that you have to start and grow your portfolio overtime. Bitcoin knowledge is complex and cannot be learnt in one year, and since you are on a long term journey, you only need to know the basic which is how to buy and which wallet to use that is safe to store your bitcoin, and how to transfer your bitcoin to your self custody wallet, cold storage is the best. Whatever area of bitcoin that you are interested in, you can learn it with ease and not in a rush because your are accumulating continuously.

Probably the most basic thing to learn in the beginning is whether you have discretionary income or not.. and if you determine that you do, then you can figure out how much to buy, and so you have to figure out from where to buy it.

Now if you are starting out by buying $10 to $200, then maybe there is no need to learn how to self-custody.. so self-custody and wallet use may well be learned later down the road... maybe even after already buying bitcoin for several months, maybe even a year.. depending on how much you might be buying and/or if it might become justifiable to hold your coins in self-custody.

Don't get me wrong, I consider self-custody to be a very self-empowering part of bitcoin, but self-custody and/or learning about self-custody surely are not prerequisites to getting started in bitcoin.

A new investor that has a good financial management and always save money in the bank or anywhere for a long time whenever he gets paid, will easily invest in bitcoin using DCA strategy by putting that amount of money that he is always saving into buying bitcoin regularly weekly or monthly consistently and persistently. For those new beginners who are not used to saving some part of their income, what they need is to make a proper calculation on how much of their discretionary income that they will use to buy bitcoin that will make them be able to invest regularly and increase their bitcoin portfolio overtime.

Surely, these are the basic ideas that any investor needs to know or learn in the beginning of investing, and surely some new investors might not already have good cash management practices or even clear ways of understanding the extent to which they have discretionary income and how to manage their discretionary income in such a way that they are able to invest with some of their discretionary income.

It's also important to remember that Bitcoin is still a relatively new and volatile asset class. As such, it's crucial for investors to diversify their portfolios and not put all their eggs in one basket.
It is not important to diversify your bitcoin portfolio into other assest that is not in the same line with bitcoin. It is a matter of choice by that  investor. You should also note that a new beginner in his bitcoin journey or a low coiner should not think of diversifying and should only focus on one investment which is building his bitcoin portfolio to a certain level before he diversify if he chooses to do so. If in the early age of your bitcoin journey, you start diversifying, you will lose focus on which investment to focus on and that will lead to a poor outcome in the long run due to lack of proper planning before diversifying.

Yep.. bitcoin and cash are the two main categories in order to start investing, and surely if any beginner starts to get into other investments, then there may well both be a loss of focus and a dilution of funds... so surely as you stated Frankolala, there is no need to consider diversification as any kind of necessary prerequisite, and considering diversification surely can both be distracting and counter-productive for the  newest of investors.
25  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: June 16, 2024, 03:40:11 PM
My pushups are still rusty with a lift shoulders off the ground then lift. Hopefully, very soon I'll get the knees off the ground too.

Feedback is appreciated.
Just try to do a little often. Don’t worry about doing a lot. Even if you can’t do a push-up, maybe just try to support yourself and see how that goes. After a while slowly lower yourself to the ground to create resistance and help strengthen the right muscles. After a while you’ll be able to push yourself back up.
Yes it's of important as most stiffness of the body parts are as a result of not regular exercise many complain of back pain and inability to stand erect due to the spinal cord issue, easily tired after little or no work , typical result of lack of exercise I realized that my back that I hardly bend down is in it best shape now with this push up as I use the process to bend my waist and try to do what I can do in stretching the muscle and the body generally.

Today report
$100k,Uhwuchukwu53,16,1200,2024-06-16.

Pushups seem to be better for your whole core, especially if you do some variation of full pushups, even if those pushups might be inclined rather than flat... so working on the core probably indirectly can help with posture and even with your back, even though maybe there are some better exercises for back and posture..

There is a kind of exercise that it is like a hyperextend that might be able to be done without any equipment and maybe something like that could be done to supplement pushups if some folks might want to strengthen lower back.  https://www.webmd.com/fitness-exercise/how-to-do-back-extensions

Welcome Timelord2067.  Let's get that average up.  You got this!

Phew.  I just arose from my feinting couch.  The weakness, the deserved shame...

I was just perusing one of the links in your sig, Timelord2067, and saw that teamsherry and Troytech are self admitted to be the same user and yet they both show up on our pushup table.  

[~evidence]
With all due respect teamsherry or is it Troytech in the room with us?  Did each of your alts do their own pushups?  

Oh gawd...  Roll Eyes Roll Eyes

Hopefully we do not have members who are either doubly counting or engaging in fictitious pushups.

All would be fair in love and war if each of the members were to put on his/her own costume or got into to his/her own psychological avatar framework or character to do his/her pushups as long as none of the members are doubly counting such pushups.. otherwise from my own perspective it seems justifiable that each and and all of such members would need to be eliminated or banned from the pushups table absent some kind of a reasonable and acceptable explanation for how the pushups are being done and that such pushups are not being doubly counted in terms of the supposed strengths and weaknesses of each of the characters.. and if "we" might conclude that the actual members are engaging in fictional rather than real results (pushups)... but yeah, we have difficulties knowing these kinds of matters beyond self-reporting and if they self-reporting at least sounds logical and reasonable and there is some kind of need for both self-representations and also a bit of honesty in reporting these pushups.. since many of us are actually engaged in actual and real pushups and "we" do not consider our own actual pushups to be a virtual activity..

In other words, pushups are physical with real world consequences, and if the three characters that are listed here (teamsherry, Troytech and/or Timelord2067) are not double counting their pushups, then personally, I have no problem with each (and all) of them participating in self-reporting of their pushups and each and all of them being included in the pushup table results.. yet if any of these members are double counting any of their pushups or if there might be doubts in regards to if any or all of them are engaging in actual physical pushups rather than in virtual and/or imaginary pushups, then that would not be fair to the rest of us to include those numbers in the pushups table when we are actually doing physical pushups.. as far as any of the information that we have about the members included in the pushups table goes...

That's my tentative perspective on the topic of the potentiality of multiple members being the same physical person..   Another thing is that a bot and/or some kind of an AI would also not able to do physical pushups either within the sense that many of us is considering pushups as a physical real world activity, just like an AI is not able to cook a pizza to be in the pizza competition... .. so yeah, hopefully there is a certain level of physicality involved in the content of these pushup reports that involve biological beings rather than imagination... and sure, no problem if some forum members (participating in these pushups) might not be 100% human in the sense of having some metal transplants in their corpuses... Members with some artificial additions to their physical bodies can still be considered a physical being for the purposes of this here pushup challenge.

By the way.. @DirtyKeyboard:  funny about your precursor of: "with all due respect"   Cheesy Cheesy Cheesy Cheesy... you must be Canadian.   Tongue
26  Economy / Speculation / Re: Road to 100k? on: June 16, 2024, 03:44:09 AM
[edited out]
Diversification should not be mention in this thread because this thread fucus on the road to Bitcoin hitting 100k, I agree with JayJuanGee fuck diversification and I see no reason to diversify to another investment, Bitcoin is still growing and has not gotten to the level it should get. I regretted not investing on Bitcoin years back and now I have started I have no intention to diversify to any investment. My goal is to accumulate as many Bitcoin as I can, if we carry this mindset of diversification it will really affect our bitcoin accumulation journey one thing I understand is that when you are not focus on a particular thing you will never make it look good.

I will just supplement by suggesting that one of the problems with diversification too early is like you said that yu may well lose your focus, yet again another aspect of losing focus is diluting your investment.. so there could be some circumstances in which diversification might make some sense, diversification is not necessarily something that needs to be done in the beginning for anyone who is in the earliest of stages of getting used to investing and also the earliest of stages in building his/her investment portfolio, so there is nothing wrong with starting out with just bitcoin and cash.. figuring out various ways to manage your cash and getting used to buying bitcoin regularly and buiilding your bitcoin stash, and then maybe somewhere down the road after you had been building your bitcoin and your cash for a while, then maybe at some later point you might consider some value in thinking about diversifying.. even though surely I have some difficulties considering diversification as any kind of necessity or justifiable for anyone who has not even accumulated a whole years of income/expenses in bitcoin, and surely people might find lower thresholds (such as 6 months of income expenses in bitcoin) to justify some need to start to consider whether some diversification might be suitable for such person at that stage in their investment portfolio building (and surely not referring to shitcoins either in terms of other possible assets to diversify into).

[edited out]
I disagree with you that bitcoin is still in his early stage of adoption that was before not now anymore. More people have come to know about bitcoin and they have also adopted bitcoin.
How could BTC not be in the earliest of stages of adoption if ONLY around 1% of the world's population has any kind of exposure to bitcoin.  If people knew about bitcoin they would actually hold some of it. So people hardly know shit about bitcoin, even if they might have heard the word.  Even people who own bitcoin may hardly have any clue about bitcoin except their presumption that bitcoin is some kind of a NGU technology.
You are correct, I also believe Bitcoin is still on the earliest of stages of adoption, in my home town we are only 5% that knows what Bitcoin really is, 40% have heard about Bitcoin but really don't understand what is all about and 55% has not heard about it. So you see Bitcoin is still in the early stage and that is why newbies like me should not feel Bitcoin has gone far and therefore there's no need to invest on it. A lot of people who are not investing on Bitcoin today feels that Bitcoin has reached the pic of it growth and so investing on it will account to nothing.
From now till the next 5 years people with this mindset will regret not investing.

There are not very many places that have 5% or more of their population who have invested into bitcoin, so any place that has that kind of level of actual investment into bitcoin seems like a pretty high number.. and even if the whole world's population had around 5 % of the world's population into bitcoin then that would be right around 405 million people invested into bitcoin, and I doubt that there is even 100 million of the world's population invested into bitcoin - even though there are some greedy persons/institutions that hold way higher percentages of bitcoin than any normal person is going to have trouble even getting a whole bitcoin unless he aggressively gets started working towards such an accumulation target.. so yeah, average people might even have trouble getting 1 million satoshis, even though right now, 1 million satoshis could be bought for right around $660, which seems like it is going to be difficult to buy 1 million satoshis for that kind of a price in the future... but hey, no one knows and so it seems that those of us who are stacking bitcoin and stacking satoshis are likely going to be in a better position than those who come to bitcoin 4-10 years or even later down the road.. which truly, there are likely going to be folks brand new to bitcoin later down the road.. such as just getting started somewhere around 4-10 years or longer down the road, and some of us have already gotten a head  start in terms of our own stacking.
27  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: June 16, 2024, 03:17:06 AM
100k,Timelord2067,3,10,2024-06-15

So it's early days.

Just to explain, three days have been "practice days - I haven't done a push up for more than a decade (at least!). I've done a few more than just ten, but I'm ready to have my pushups counted.

My pushups are still rusty with a lift shoulders off the ground then lift. Hopefully, very soon I'll get the knees off the ground too.

Feedback is appreciated.

I am glad to see that you are joining in.. and yeah, I personally believe that your pushups should not be included in the table until you are able to average at least 10 pushups per day.. which I have frequently made the same assertion, which I believe is member neutral... though I do see that DirtyKeyboard's script has not yet excluded your results from the table, even though they are way below 10 pushups per day (3.33 to be precise).

Of course, you can do various moderation in terms of pushups, so that you do not have to do regular/full pushups, such as doing your pushups from your knees or doing inclined pushups as philipma had described earlier in the thread where he did his pushups on the stairs where his hands were on the higher rungs of the stairs.

Another way to do moderated pushups might be to do them against the wall, so maybe if you can think of some way of moderating your pushups that works for you, then maybe try to do 8-10 pushups per set for maybe up to 3 sets per day spread out through the whole day and then work your way up to more and more difficult kinds of pushups where maybe someday down the road you might be able to do 8-10 or even more full regular pushups in each of your sets.

So one thing when you are beginning to do something like pushups is that you want to make what you are doing something that you can do within a reasonable form, but at the same time to make the pushups so that they are not overly easy, and you are likely going to get sore for a week, two weeks or even longer if you keep doing pushups regularly.  

I personally have mostly been sore the whole time that I have been doing these pushups and within this challenge, which is 132 days for me so far, so it surely hurts me and I frequently don't want to do my daily pushups, but I make myself do them and to get started each time, and I can do more pushups without getting as sore as I used to do but I also frequently need to psych myself up before doing the pushup sets each time and even to purposefully breath heavily while doing my pushups and sometimes even grunt at various times in order to help me more to psych myself into being able to do the pushups...

I am not going to claim that doing the daily pushups are easy, even if they have become somewhat easier after doing them for a while, and even if you are doing modified pushups (especially in the beginning) which are supposed to be easier by design to help you get your quantity of pushups up to something like 8-10 pushups per set, you are still likely going to need to work your way up to more difficult varieties of pushups such as being able to do full pushups and try to stay persistent with your pushups and also try not to make your pushups so hard that you end up injuring yourself or discouraging yourself from doing them (and/or being able to reach personal goals), so especially in the beginning while you are still getting used to pushups and building up your quantity (and perhaps quality too), it is better to error a little bit on the side of going easy on yourself while your body is getting used to adding these new exercises to your daily routine, and if you are able to try to make sure that you eat well and you sleep well too, then those kinds of purposeful activities of choosing healthy activities may also contribute to your strength and your morale building in terms of being able to do whatever quantity and quality of pushups that you are able to do.. and hopefully you can get up to an average of 10 per day in order to get included in the table.

Edited: last two paragraphs to make more clear
28  Economy / Speculation / Re: Buy Bitcoin, and HODL! on: June 16, 2024, 02:46:38 AM
These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals.
It is not only rich folks that buy bitcoin with the DCA strategy; even a newbie can start his bitcoin investment with a lump-sum strategy in some situations. For instance, if a newbie starts accumulating bitcoin late, he or she can decide to do a lump sum buy on bitcoin to accumulate a good quantity of stash before the bitcoin price is too high, and he or she will continue accumulating bitcoin with the DCA strategy.

Both lump sum and DCA can be done in front-loading kinds of ways in which there is a kind of purposeful attempt to gather more bitcoin towards the beginning of the investment, whether that front loading is with a few lump sum investing or more aggressive DCA, but a person could have a timeline in which s/he is specifically trying to get a certain amount into bitcoin.. for example, he comes to bitcoin with an already investment portfolio of around $200k, he specifically would like to get 15% invested into bitcoin, but he wants to be careful in terms of how he might cash out of other assets that he has, so his target is to get $30k into bitcoin and maybe he wants to do it in 6 months or a year or some other kind of a fairly aggressive timeline, but he also may have some particular aspects in regards to assets that he already holds that he may or may not have flexibility with those other assets.. and so whether he ends up with $230k in his investment portfolio at the end of the investment (with $30k invested into bitcoin) or may he still has an investment portfolio of $200k, and yet he has taken away from some of his other investments in order to allocate the $30k towards bitcoin so in the second scenario he has $170k in other investments, so there can be a variety of ways that someone comes into bitcoin with a kind of front-loading lump summing and/or DCAing technique, and the particular ways that they hold their assets or the goals that they might want to achieve might well have to do with the resources that they already have (and how they are holding their value) at the time that they decide that they are coming into bitcoin.

[edited out]
I agree with you one can't wait trying to get all the knowledge before investing, me as a newbie I don't have all the knowledge about Bitcoin all I have now is still the basic knowledge and I have already started accumulating Bitcoin using the DCA method. The more you wait the more you lose just imagine I was still waiting trying to get all the knowledge about Bitcoin I won't have accumulated the little I did now, so there's no point in waiting get the basic knowledge and start your accumulation journey.

Bitcoin is a good store of value, even if Bitcoin isn't worth anything today, it doesn't matter at all because the future is brighter than now. Why did I say what I said? I said this because I believe that Bitcoin is not something we should buy today and sell next month, it is something that an investor should hold onto dearly cy long  and I also understand that the more an investor holds onto Bitcoin, that's the more knowledge the investor gets so, without putting the knowledge to practice (by investing) the investor will just stay without adding more knowledge to the ones he/she has already learned before.

The only way one can get full knowledge about Bitcoin is by investing, you will get to understand very well what it means when Bitcoin's price increases and when it decreases, only knowledge will not give us experience, so if an investor that hasn't invested in Bitcoin needs more knowledge, then he/she should invest and learn more from the investment side. So my follow newbies get the basic knowledge and start your Bitcoin accumulation journey so you won't regret waiting.

All of that sounds correct, and you should get more knowledge about bitcoin and yourself if you spend 4 years or longer accumulating bitcoin, learning about bitcoin and potentially adjusting (and/or tweaking) your various BTC accumulation (and/or BTC maintenance) strategies along the way, so maybe after 4 years or more of accumulating bitcoin, you will be in a much better position to both assess how your bitcoin accumulation had been playing out and whether you need to make further adjustments to your strategy at that point or just to continue with what you had already been doing.
29  Economy / Speculation / Re: Buy Buy Buy or Sell Sell Sell? on: June 16, 2024, 02:33:04 AM
[edited out]
This is your misconception. Emergency funds should never be invested in any investment.
The only way emergency funds should be used in terms of investment is if they happen to be excessive, and surely some folks might be labeling all of their extra funds as emergency funds, and part of their emergency funds might be reserves and/or float but they are labeling such as emergency funds.

So yeah there can be questions regarding how much emergency funds a person needs to build up.. and if someone is brand new to investing and brand new to consciously paying attention to building and maintaining an emergency fund, then the emergency fund might start out relatively small.. maybe just by coincidence normal people might keep a kind of float of 2-4 weeks of their expenses worth of extra cash that is kind of considered to be used for any any extra expenses that might come about.. but then once they start to invest into something like bitcoin, they realize that they are likely going to need to keep larger amounts, such as 3-6 months worth of emergency fund, but they are not necessarily going to get their emergency fund up to that size immediately, so they end up building up their bitcoin investment and their emergency fund at the same time.. and surely once they get their emergency fund up to a certain size (such as a minimum of 3 months), then they might begin to feel that they have more abilities to be aggressive in their BTC accumulations (adding to their BTC holdings) or even to use some of the excess (greater than 3 months amounts) for the purposes of investing into bitcoin or other kinds of purposes.. but yeah, if they are barely floating on keeping ONLY 3 months as emergency funds that are not touched for any reason except actual emergencies, they may well find that they are not keeping enough emergency funds since sometimes various expenses can come at the same time and quickly eat into such relatively lower level amounts of financial cushion... .so yeah in the end, there becomes more and more need to keep some funds in cash that never get touched because otherwise the depletion of such extra cash ends up putting the person closer and closer to having to dip into his bitcoin investment that might be at a time that is not at his own choosing.
You are right, keeping ONLY 3 months as emergency fund will eventually lead you to deep your hands into your Bitcoin investment, so as a long time investor in Bitcoin it it advised to always keep a very big emergency funds in other not to run dry as time goes on.

The mere fact that someone is keeping other kinds of funds that go beyond their 3 months of emergency funds does not necessarily mean that they would be calling the other kinds of funds the same thing.. so the emergency funds may well be something that is never touched outside of having an actual emergency, but there can be floating funds and reserves and/or various kinds of investments that are serving as reserves so that emergency funds never need to be touched and therefore the bitcoin investment might be amongst the last of any of the investments that would be touched.. depending on how any such person might structure his various kinds os extra cash.. some cash is very liquid and easy to get at and maybe other cash might take several days or even a week or two (or even a month or two) to get to in the event that the extra cash, cash equivalents or even other kinds of funds might be needed so that either emergency funds are not touched and more so that bitcoin investment would not be touched except at a time that is of complete choosing.

In other words there could be a lot more flexibility in other kinds of funds and whether emergency funds add up to ONLY 3 months of income/expenses or maybe they add up to 6 months of income/expenses, and so how much money that actually fits in that "emergency funds" category may well depend upon other kinds of funds that are available and also the size of the bitcoin investment... if the bitocin instment is fairly new and the bitcoin investment is less than 6 months worth of income/expenses, then maybe there is not as much importance in regards to the size of other kinds of cash cushion funds, but maybe as the bitcoin investment grows and grows, there may well be some needs and/or preferences to guard against any kind of need to draw upon it while it is still growing. and maybe still quite shy of reaching its target size whether that might be 10x income/expenses (in newer kinds of ways of assessing bitcoin value) or perhaps 20x to 30x income/expenses, which may well be more traditional ways of assessing value (though I personally consider that bitcoin value assessments do not necessarily need to be as high as traditional investment assessments in order to potentially still be able to outperform traditional investments in terms of achieving sustainable withdrawal rates).

For me since am using the DCA method of accumulation when I get my salary I invest a particular percent to my Bitcoin then I remove a particular percent also for my emergency, reserve and float fund then I keep the rest for myself in running my day to day activities and settle some bills, I do this each time I take my salary and it has been working for me and making my Bitcoin accumulation journey so easy.

Personally, I think that it is way better to figure out your expenses first prior to figuring out how much you have left for investing, yet of course, if you have a decent amount of discretionary income, you may end up arriving at similar results - even though for me it seems the better practice is to take care of your expenses prior to authorizing yourself to invest parts of your income that you are considering to be discretionary income... but hey whatever, do what you like and if what you are doing is working for you then so be it, but it seems more vulnerable for a mistake if you don't make sure your expenses are locked up prior to authorizing your investment amounts for the week/month or whatever might be your investment time periods.


So is better to make sure your emergency funds are more than enough so you won't find your self dipping into your Bitcoin investment there by destroying your investment.

Once you establish your emergency fund, then there not necessarily be any reason to think about it on a weekly and/or monthly basis since it will just be funds that are there and available that you hopefully will never need to touch.

I don't think I will ever stop funding my emergency, reserve and float funds anytime soon reasoning being that I don't know what kind of emergency that maybe coming in future so I need to make sure my kept funds can handle any kind of issues without me dipping into my investment.

Even though I consider emergency funds to be something that is built up and then never really touched, reserves and floats might bounce around a lot more, and so for example you could have floats and reserves serving as errors in your expense calculations of some of those funds might be dedicated towards specific kinds of things like buying on the dip or saving for a vacation or maintaining a going out to eat/entertainment fund, saving up for a new car/motorcycle/bicycle.. or whatever. and some of the funds might have some specific tag, or a timeline that it will be available and sometimes some of the reserve funds and float might get retagged or moved around to be used for something other than what it had originally been tagged/set aside for.

Any one that those not have a strong emergency, reserves and float funds is in danger of selling of his entire investment one day.

that is true.  The stronger our various extra cash funds, then the more likely we can afford to be more aggressive in our bitcoin investments, but we still might need to be careful if we end up dipping into reserves and/or float in order to buy more BTC, then we might end up having none of those extra funds except our emergency, so if an emergency ends up coming when we have exhausted our various other funds, we might find ourselves  in a position in which we might have had ended up overdoing it because we depleted various categories of funds that we had in place and working for us, even if some of them funds were not necessarily earning any income, yield or interest, they were still serving a purpose to keep us from having to even touch our emergency fund which may well be our last cushion prior to having to dip into our bitcoin investment.


If you earn bitcoins directly, you can save with bitcoins in an emergency fund. Very few people can earn bitcoins. If you don't earn bitcoins, if you do earn money, investing in an emergency fund or reserve fund to save bitcoins is a stupid thing to do.
I think that it is very weird to be failing refusing to consider reserves in terms of fiat, unless there are some folks who truly are able to spend all of their expenses in bitcoin.. or if maybe they have so much bitcoin that they are willing to just take the chances of keeping all of their value in bitcoin (presuming they earn in bitcoin), and so these seem to be less common kinds of circumstances, and there is a certain level of healthiness to considering holding and/or converting value into fiat.. since even if some expenses might be payable in bitcoin, they are likely calculated in terms of fiat.. so it does not even seem very realistic that we are considering some of the exceptional cases in which some few folks might completely earn in bitcoin and are able to spend in bitcoin and they just let bitcoin's volatility go where it goes, especially if they are already getting all of their income in bitcoin..
is better your reserves funds are kept on Fiat since is general accepted so as not to complicate things,

it becomes dangerous if your reserves are not in fiat; however part of the justification for diversification of assets is that when your BTC, and reserves have grown so much, sometimes there may be desires to keep some of that amount in something other than bitcoin and cash (and or cash equivalents), so there can become some desires to get into some other kinds of assets so that some of your reserves might be working for you, but they are not exactly in cash and they might not be easily available, maybe taking a bit of time to get to, but they might be something that is dipped into prior to dipping into bitcoin, especially if the person is still accumulating bitcoin or not quite in the stage to start to be drawing upon his bitcoin (which could be maintenance stage or maybe it is a form of accumulation stage that is not quite as aggressive as it had been in the earliest of years of accumulating BTC, such as maybe in the first 4-6 years or so).

from my little experience I think keeping your reserves in Bitcoin may complicate things for you Bitcoin is an investment platform. However like you said expect one is getting his or her salary in Bitcoin or especially if they are already getting all of their income in bitcoin.

There could be circumstances in which a person may have overly accumulated bitcoin and/or is receiving income in bitcoin such as providing goods, services or even engaged in mining in which a lot of income comes in bitcoin... yet I personally consider those situations to be be more exceptions rather than more common categories of folks who largely need to be considering ways to accumulate bitcoin and/or at the same time to make sure that s/he has a certain amount that s/he keeps in fiat in order to pay weekly/monthly expenses.
30  Other / Beginners & Help / Re: Is age a limitation in Bitcoin on: June 16, 2024, 01:59:58 AM
Age is not a limitation in bitcoin, I know that an only person might not be interested in reading so much about bitcoin or knowing what's in its whitepaper, so I think basic knowledge or information is okay for them which is how to buy bitcoin, about exchanges and all those little stuff, but when the subject of investment comes in, we know that bitcoin is best approach with a long term mindset, but if they are already retired and very old would it still be a good advice for them to invest long term?

Yes an old person can still invest gor up to 4 years before starting to take profits from his investment, it isn't a must that long term investment must be up to 6 or 10 years but qt least he should have invested up a year of living expenses into bitcoin which can happen in the space if 2 yeaes depending on how much s/he allocated to bitcoin.

O.k..

Let's focus on the old foggie for a bit.. The old foggie who is contemplating whether or not to get into bitcoin, and so, there should be some kind of an expectation that s/he is not going to need the money for 4-10 years or longer, so yeah, the bottom end of that is 4 years, and so how much to invest could be 5% to 25% of his/her investment portfolio.. yet, that may well be lump sum rather than DCA, but if there is a DCA approach, then every time any new DCA investment is made, then the presumption would be that the investment timeline is 4-10 years after any new amount that is investment.

it does not make any sense to expect to take 2 years to invest and to establish his/her position, unless the investment timeline is at least 6 years, since the end of that investment timeline would then have 4 years from the last time that money is injected.

Sure in the end folks can do whatever they like, but it seems that regular investing into bitcoin should be a 4-10 year or longer timeline, and if any person cannot achieve that (perhaps due to age and/or health considerations) then the person may well be gambling rather than investing.

I understand that a more elderly person (maybe in his 60s or 70s) might come into something like bitcoin with a 4-6 year or longer investment timeline, but then maybe some emergencies end up happening (healthwise) that end up causing the investment timeline to be shorter than originally anticipated, and presumably anyone coming into bitcoin in his 60s or 70s has already established various kinds of investment and may well already have various kind of income (or investments that he might already be drawing upon), so a person can still afford to consider that s/he has other sources of income and decide to invest into bitcoin as a kind of supplement (or complement) to other investment sources and still expect that s/he would be drawing upon other income sources, prior towards needing to dip into or to start to draw from bitcoin as an income source, and surely that timeline could still be 4-10 years or longer, even if the person might be higher in age with some uncertainties in regards to health.
31  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 16, 2024, 01:49:42 AM
Willy Woo
@woonomic
We are now in the modern age of BTC.

Paper BTC has flooded the market since 2017.

Futures markets.

If you want to buy BTC, it used to be you had to buy real BTC.

You can now buy paper BTC. Thus a no-coiner can sell you that paper.

Together you have made a synthetic BTC.
https://x.com/woonomic/status/1801727014535053376
That's what these futures were all about: "Taming" Bitcoin.
There's no free lunch for coiners, thanks to the wall street party poopers  Undecided

Just because a decent number of folks behind bitcoin futures want to use such instruments to "tame bitcoin" does not mean that they are going to be successful, and from time to time even if they have success, they may well find themselves on the wrong side of the trade.. and yeah, if they do not have a sufficient amount of bitcoin, then it is going to cost them a lot of dollars (that they might not have) to attempt to balance out their accounts... so yeah, they may well be playing with fire and surely getting burnt from time to time, even though they are not going to tell us the times that they get burnt because sometimes they are going to be able to cover up such lack of actual bitcoin exposure...

I personally am more than happy to be holding the underlying, even though from time to time, it may be manipulated more downwardly than what fair market value would otherwise dictate.. and probably in the end, the fucktwat downward manipulators talk a BIGGER game than  they are actually able to carry out in terms of their fantasy landia desires to "tame" bitcoin including perhaps even creating some preferences for folks to make sure they hold the underlying.. especially if some BIG rug pulls end up playing out, some of the paper bitcoin twats may well will have wished that they held the underlying.. we already saw variations of that theme play out in 2022. and yeah, some of those guys got reimbursed or are being told that they are going to get reimbursed.. but even look the FTX BTC holders, what are they going to get?  perhaps bitcoin at $25k at best?.. that is hardly even close to current BTC prices.. and those folks have not even been reimbursed yet.. they just are experiencing promises of future reimbursement.. like the Gox folks who are getting around less than 20% of their BTC quantity, but their forced HODL still likely results in around 70x or so price appreciation (I don't have the exact numbers in front of me.. though the point still shows advantages in holding the underlying rather than waiting upon third parties and regulators are going to decide to employ reimbursements for historical rug pulls.. with the outcomes continuing to have a decent amount of variance).
32  Economy / Speculation / Re: Road to 100k? on: June 15, 2024, 09:49:11 PM
[edited out]
For those already in the know, however, continuing to stack sats and diversify one's portfolio is a prudent strategy.

Yes.  There are potential advantages to actually having information asymmetry, yet we are still not going to know for sure if we were correct in terms of the information asymmetry that we feel that we have - even though surely some of us who have been in bitcoin 4-10 years may well feel some various levels of internal satisfaction in terms of the level to which our BTC holdings are already in decent amounts of profits with decent amounts of cushion in our profits.  Surely there also are likely some folks who have been in bitcoin for less than 4 years who also can feel a certain dynamic of being in profits - yet still there is some comfort that is felt by having a portfolio that is in profits... even if it is a shorter term holdings of bitcoin.

Actually regarding your other point about diversifying, I had not noticed that dumbass point prior to sending you a smerit.. so yeah, I wished I could pull it back since the idea of diversifying for the mere sake of diversifying makes hardly any sense without describing some kind of a context and justification why diversification would be any kind of an important point for anyone in their earlier stages of BTC accumulation.. ..

So maybe I am getting more and more irritated when I see members spouting out nonsense in regards to the value of diversification without providing some kind of an explanation why diversification is in need of accounting - unless someone is alreayd building some kind of a decent investment portfolio, then there might be some justification for diversification, but we don't know that as a general principle, we cannot presume a need for diversification, and likely we are more able to presume that an overwhelming number of persons already have hardly shit for any kind of investment, so diversification is not justified for those people either, including that 99% or so of the worlds population does not own any bitcoin, so I am not going to presume that they need to think about diversification when getting into bitcoin, absent that they might already be in some special category of person that already has various investments... which is not any kind of a reasonable presumption.. so the presumption shoudl be fuck diversification, unless and until there might be some reason to go down that path.

[edited out]
I disagree with you that bitcoin is still in his early stage of adoption that was before not now anymore. More people have come to know about bitcoin and they have also adopted bitcoin.

How could BTC not be in the earliest of stages of adoption if ONLY around 1% of the world's population has any kind of exposure to bitcoin.  If people knew about bitcoin they would actually hold some of it. So people hardly know shit about bitcoin, even if they might have heard the word.  Even people who own bitcoin may hardly have any clue about bitcoin except their presumption that bitcoin is some kind of a NGU technology.

Only bitcoin ETF approval in the US have made the whole world to know about bitcoin. Do you know how many countries lunched their bitcoin ETF after US did. Do you check the regular daily cash inflow and from the ETFs very massive.

Of course the recent approval and going live of the BTC spot ETF has contributed to certain number of wealthy people and institutions getting into bitcoin, but that still does not translate into the population all of a sudden becoming smart about bitcoin.  Yeah sure, there might be some folks newly coming into bitcoin based on their having had learned about bitcoin because of the BTC spot ETF approval.. but I doubt it is as great of a number of newly aware folks as you are presuming it to be.

Only the US alone is enough to make bitcoin more popular with the way they are going about the privacy in bitcoin by shutting down Mixers and some services that promotes decentralization. I guess you are still new to bitcoin and you don't know what is happening. It is only the old ones that might not be aware of bitcoin, but the youths a much aware. Down in my street and my environment 13yrs and above already knows and talk about bitcoin. Bitcoin is advertising herself now with her great potential as fiat depreciates. El Salvador have their country reserve funds in bitcoin, meaning everyone in El Salvador knows about bitcoin and the neighboring countries.

Bitcoin price is increasing because more people are buying.

You seem to be presuming too much in regards to your believing that suddenly the masses of people are aware of bitcoin and are buying it.   More likely bitcoin is being absorbed by fewer people through the ETFs and the ETFs are held by third parties and there are attacks upon bitcoin's self custody.. so yeah, you can still get bitcoin, but individuals are likely getting more and more priced out of bitcoin including getting dissuaded from buying bitcoin due to high transaction fees too... so you better be a pretty fucking smart person if you are going to figure out that you need to buy bitcoin and self-store your bitcoin which is not very many people who have figured that out, and yeah a lot of people will come to bitcoin and the prices are going to be much higher than they are now..

so in other words, bitcoin remains an asymmetric information kind of an investment in which you are going to be better off by both knowing about bitcoin and acting upon such knowledge  to buy bitcoin.. which truly does not seem to be happening in the ways that you seem to be presuming to be happening @Frankolala. We can agree to disagree if you want to continue to presume that normies know about bitcoin and are acting upon such knowledge to buy bitcoin.
33  Economy / Speculation / Re: Buy Bitcoin, and HODL! on: June 15, 2024, 09:14:58 PM
These are different strategies in accumulating Bitcoin. Some investors use DCA strategy, others prefer buying the DIP strategy, while some DCA and also reserves funds to also buy during the DIP and some accumulate with lump-sum (Rich folks). All these approach are decisions made individually with what suits our bitcoin investment goals.

As an investor, we have to put in consideration all of the strategies you have mentioned here, also, combining them as well is never a bad idea for those who may desire or like to have a combination for one or two strategy, but before we can start any of these approach, we have to get a means of identifying the kind of investor we are, how long we are targeting for the investment as well as how much we are investing in for that particular reason, this will help us towards achieving for the required means for the best our of interest over what we are investing, also, we can be able to position our targets on the right time and plan ahead in other to avoid having uncertainties in the way we invest, hold or sell at any particular time.
You must invest in things that you fully understand, and must keep your goal for a long time, and you must focus only on long time accumulation. Remember that you will get a higher return only when you can buy at a lower price at the time of purchase. Real investors always buy on the dip, they never think of selling on the dip, and when it increases over time, they can make huge profits. Currently the price has dropped a lot, I think it is a very good opportunity to buy. In this opportunity we should look at buying more. And can be a good startup point for beginners to start. If the newbies start investing from this point then they will get some good returns when Bitcoin goes above 120K.

So make a sound plan to sustain yourself for a long time and start from any good startup point (whichever feels good to you). And don't panic after investing and start holding for a long time, you will see that at some point you have got a very good return.

There are some contradictions and ambiguities in the way that you are posting about getting started in bitcoin Ricardo11.

I doubt that anyone who is brand new to bitcoin needs to get too worked up about his/her entry point, especially since the presumption would be that someone who is brand new to bitcoin does not have any bitcoin, so therefore getting started would mean getting started by starting to buy bitcoin and perhaps figuring out some personal financial and psychological aspects rather than trying to figure out things related to BTC price moves or maybe even trying to figure out more technical aspects of bitcoin.  Surely it can take people a decently long time to learn about bitcoin, so maybe to get started there might need to be some kind of initial belief that bitcoin is a good investment.. yet I have my doubts about that too.. since anyone should be able to adjust the size of his/her initial investment into bitcoin based on not having much knowledge and/or confidence in the beginning, yet learning more about bitcoin along the way so then as knowledge increases, more comfort might come towards investing more into bitcoin..

so then again, surely we have an issue that already exists with so many people not having any price exposure to bitcoin, so there are likely way more people who just need to get started in their investment journey into bitcoin and to study it as they go.. especially with something that is so likely to be promising like bitcoin and with so many people either having no exposure at all or maybe just a little bit of price exposure... so yeah, no coiners and or low coiners wait to your own peril.. and if you are already in bitcoin and you are suggesting that they wait rather than jumping in, you are not really helping them in terms of what they likely should be figuring out to do.. even while each person is responsible for his/her own finances and price exposure to something like bitcoin... which is that the only way to prepare for the possibility of UP prices in bitcoin is to have some BTC rather than waiting and/or studying the matter or trying to be overly strategic in terms of the need to just get started and at least to get some while studying the matter - or run the risk of just waiting and coming to bitcoin much later when bTC prices are likely to be much higher than they are now.. even though yeah, none of us knows exactly about the future prices of bitcoin.
34  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: June 15, 2024, 08:13:45 PM
Back with a new report Today
2 days report with a total of 180pus
2sets perday with 45/perset
My new Entry
100k, promise444c5,61,3090,2024-06-12
[edited out]
[edited out]
Thanks for the kind words, although  I don't think you're getting the used of the word OP, OP is the starter of a thread or maybe I'm just wrong entirely and you're right to use the word OP... a little confirmation here please Smiley

I had to do other exercises on Friday morning  that does not require the use of my hand so as to ease the pain although I barely felt it... but I dis 20ps in the evening.
This morning , I did 85 pushups in two sets(40,45)
My report
100k,promise444c5,63,3195,2024-06-15

Note: noticed my last reported was not merged to my existing report in the table @DirtyKeyboard you might want to review that

Your earlier pushup report had an extra space between "100k," and "promise444c5;" therefore, the script of DirtyKeyboard was not able to pick up the substantive information contained in that earlier pushup report and add it to the pushups' table.  On the other hand, the format of your pushup report from today looks correct.
35  Economy / Speculation / Re: Buy Buy Buy or Sell Sell Sell? on: June 15, 2024, 07:02:32 PM
[edited out]
There is a new world order on the arising and Bitcoin is a big player in that new world order. The shift on the societal plates isn’t one that vibrates the same for everyone to adjust with at its pace. Some might respond slowly while others a lot faster. This depends on how deep you are with the systems that once ran your life.
Someone like W. Buffet, one of the richest men by Forbes doesn’t really see much value in Bitcoin and the systems that backs its bankroll.

Therefore, you can imagine how they would ever tend to see Bitcoin for an asset. For all they know, it’s just some code online, designed by someone and it’s been used or maintained by many on the blockchain technology,,, maybe am not putting this in its best ways but yack, how the hell do they value such.

It comes to the question of how someone truly values a thing. While you might see value in one thing, someone some place else wouldn’t. Even in the real estate business, you don’t get to value the same house and property the same. Neither would you see some property what acquiring at a price.

But, we are talking about asset here and asset should be defined by its qualities and not the feel about it. That’s just an aspect of a human’s sensation and not all of that are the touch feeling or having to see them.
Assets can also exists in the digital realms. Bitcoin is as much an asset as the many of them properties out there, it’s qualities should be the qualifier.

These are not bad points JiiBs, and there can be benefits in terms of attempting to measure and/or value various kinds of assets, and even differing kinds of assets are giong to comparable features and they will have differing features.. so I am not sure about all of the categories of evaluating the value of assets, since surely folks will see differing attributes of assets differently, and sometimes we might also make errors in terms of how we value something and whether we might account for certain aspects of how it is valued.. Maybe some examples of how to evaluate the value of assets might be in order even though many of us already likely employ some of these:

1) how liquid is the asset - meaning how easy to get in and out and how many places can you accomplish such

2) physicality - can be a advantage or a disadvantage - whether we are referring to physical properties (real estate and/or location, location, location), commodities such as gold, silver or oil, or something that is digital (which is not physical)

3) the extent to which an asset stores value - or is being used in that kind of a way (and is it very efficient in the way that it stores value - and upon what kind of a timeline is the value expected to be stored and/or extracted) - depreciating in value or increasing in value

4) does the asset have various utility value.. such as gold being used in industry or jewelry or bitcoin being used to move value or transact over time and space. These can be considered as utility aspects of the value of an asset

5) expected future value of an asset - we may or may not be able to measure this accurately - or some folks can measure better than others, and surely there could be pay-offs for folks who end up being more correct in their assessements - to the extent that they act upon their assessments

6) can the asset be consumed or does it hold its value or depreciate over time based on various market forces

7) how much regulation is involved with such asset - and or burdens of regulation, taxes, governmental monitoring

Cool there might be some subjective and/or objective ways that assets are valuated - and of course, the subjective ways are ways that some individuals might value something greater than others based on sentiments yet objective value is more likely to contribute to market value in terms of how others value the asset - and of course, these can change over time in the sense that some folks might not realize bitcoin to have value in 2010-2012 because hardly anyone except the geeks actually had any clue about what bitcoin is.. but then the more than bitcoin is around, the more people hear about various ways that it is being used and can be used.

9) financialization of assets - when the asset starts to be used through various kinds of financially designed instruments that have terms to ownership - and surely as we know sometimes may well end up requiring 3rd-party custody in terms of the way the financialize products are designed

10)  Likely other kinds of ways that assets could be evaluated for their value that I had not considered off the top of my head

I just went through these categories off the top of my head and surely I am not claiming to have had made a comprehensive list of ways that assets are valuated or even to have had selected categories of valuation that are exclusive from one another, since sometimes the categories of valuation do seem like they overlap in various ways.. and also, I do not proclaim that the value of assets are necessarily stuck in time.. since sometimes assets might have complementary characteristics and/or may not substitute for other assets.. so some assets may in some ways correlate to the value of other assets or sometimes not correlate very closely.. or even inversely correlate.  

With bitcoin we have a kind of phenomena in which many of us proclaim that the value of so many already existing asset classes have become corrupted by various dollar (and fiat) influences, and sure bitcoin is not completely exempted from such corrupting influences, yet bitcoin has some in-built mechanisms of soundness and scarcity that attempt to bring alternative resolutions to the wide-spread corruption of fiat and debt-based systems (in attempts to create more sound incentive systems that are less manipulatable as compared to supply of fiat money systems) - while at the same time bitcoin is not completely detached from fiat money system, since fiat money systems continue to exist along the side of bitcoin so it might be observed that bitcoin has various kinds of interrelation within those already existing fiat value systems while hopefully having enough independence in order to not be so correlated to (or able to become as corrupted by) those debt-based systems to that hopefully bitcoin is going to end up having greater values based on some of its abilities to bring more responsibility (better incentives) to seemingly out of control and negatively spiraling existing systems of value.  

People that can keep their emergency funds in bitcoin are those investors that have accumulated more than enough Bitcoin or feel that they have enough Bitcoin, because they have reached their bitcoin target and if they sell, they will not run at loss either during the dip or when bitcoin price is high. Part of their bitcoin can serve as an emergency funds for them.

Emergency funds, reserve funds and float should be in fiat.
Sure some people who have gotten a huge stash of bitcoin can still keep their emergency funds in Bitcoin but to me it will be unwise for any bitcoin investor to convert their Bitcoin to Fiat simply because they want to attend to an emergency because if it is a time when transactions fee are high and there is so much congestions in the mempool it will be difficult to attend to that emergency needs are that particular period of time since the transaction may be delayed and to withdraw little amount of Bitcoin with a high transaction fee is not ideal. However your ending paragraph is just the best way

For sure it is better for beginner and more newbie investors to consider various ways to make sure that they have their emergency funds, reserves and float in fiat (and not in investible and/or working assets), yet at some point, when a person has acquired a certain higher level of wealth, the amount of fiat that it might take to support himself in an emergency may well end up being a very small portion of his overall wealth, so it becomes less important that such more wealthy person needs to preoccupy himself in terms of how much cash that he may well hold versus having his various assets continuing to be in various "working" forms...

Even within the context of achieving "higher levels of wealth," there would be differences between someone who has wealth that is in the 10-20x the size of his annual income/expenses versus someone who has wealth in the range of 100x to 200x his annual income/expenses... and yeah, maybe some of this is unrealistic to even be exploring the ideas of how extremely rich folks end up having more options in regards to how they manage their wealth - yet the idea of having excessive wealth makes it less important to have to follow specific rules of having to keep a certain amount of value in fiat, even though maybe incidentally very wealthy folks may have a variety of ways to draw upon their wealth in different kinds of forms because sometimes when reaching certain high levels of wealth there still ends up being some tendencies to keep some wealth in less volatile forms.. that might even be 1-2 years worth of income/expenses that are kept in ways that could be more easily drawn upon - and yeah, maybe even some rich folks like to live on the edge - and not preserve some kind of a cash/cash equivalent cushion, and even very wealthy folks might some times end up managing their wealth poorly and get themselves into situations in which they might be suffering from some lack of liquidity and then have to sell certain assets at a time that is not convenient based on their engaging in sloppy wealth management.. but again, maybe it does not matter too much if the person has wealth in the range of 100x to 200x his annual income/expenses, but at the same time, sometimes changes in the value of some assets (and extreme volatility) might drop precipitously and so maybe someone with wealth in the ballpark of 100x to 200x his annual income - all of a sudden might find himself with lower levels of wealth because some of his assets lost value at the same time and then all of a sudden he might find himself with having wealth that is ONLY 25x to 40x of his income/expenses and finding himself considering ways to deal with that lower level of wealth (at least on paper) since he still might not want to overly have to sell working assets (such as bitcoin) at a time that those assets are in price dips..and yeah if several assets drop 50% to 80% in a relatively short period of time, even very wealthy folks may well have to make some short-term adjustments including considering why they had gotten themselves into such a situation that they were not managing their wealth very well..

And, yeah, wealthy folks have way more options to not get completely reckt, while at the same time, if a relatively poor person or someone who is in the earlier stages of building his wealth who may have less than 1-2 years worth of income/expenses in his investment portfolio, such lower level wealth persons might become completely reckt by engaging in sloppy investment practices including but not limited to failing/refusing to keep their emergency fund, reserves and float in fairly liquid cash forms... which may seem like a burden and may even seem as if some of their wealth is not working enough for them, but there is a difference between having a decent amount of your wealth working for you and engaging in kinds of gambling that fail/refuse to adequately maintain funds in cash so that actual working portions of your investment portfolio (which may well ONLY be bitcoin for a large number of newbies who are in their earlier stages of attempting to build wealth) can stay invested even during down periods and perhaps being able to continue to buy bitcoin through good and bad times, and worse case scenario if the poor person is not able to continue to buy bitcoin, at least if they are not forced to sell any at a inopportune and downity times in the BTC prices.. that could last 3-6 months or even could last for a couple of years or more..

[edited out]
Emergency funds are meant to provide a safety net during unexpected events or financial shocks, and having them in bitcoin is not advisable.  I think people can keep their float/ reserve cash in bitcoin not emergency funds in bitcoin. Because  keeping emergency funds in Bitcoin It's not suited immediate need of it, to have quick access to funds in times of need, especially during emergencies. Keeping emergency funds in a stable form like fiat currency ensures that you can easily access the money without worrying about market fluctuations affecting the value when you need it the most. It's wise to prioritize stability and accessibility when it comes to emergency funds.  keeping float or reserve cash in Bitcoin could be a viable option for those who want to potentially benefit from the asset's appreciation, while maintaining a separate emergency funds in fiat currency for quick access and stability.  having emergency funds in a stable and easily accessible form is crucial. Fiat currencies like cash or money market funds are ideal for this purpose, as they are less volatile and widely accepted.

You are not wrong Kliss, since each of us has to figure out how much of our emergency funds, reserves and/or float to keep in cash versus if we are wanting to have some of it working, yet I think that you are defeating the purpose if you are trying to overly get your reserves and your float to be working for you.. since if you think about it, reserves and float are conceptualized to be cash/cash equivalents and their size may well vary.. surely your emergency fund might be 3-6 months but never used in 20-30 years of having it and maintaining it, since your float and your reserves may well end up absorbing any kind of cash-flow inconsistencies, surprises, miscalculations or even emergencies (or quasi-emergencies) that may come up from time to time, so the level to which any of us runs out of cash and/or our cash cushion, then the more we might end up being forced to cash out of some or all of our bitcoin at a time that is not completely of our own choosing.. ..

so we might not even realize that we had gotten ourselves into a pickle until we are finding out after a few months of suffering cashflow issues and then coming close to exhausting our various funds that we did not have enough funds in cash to deal with the situation and then if after a few months of exhausting our cash, we then have some additional unexpected expenses or loss of income, then where are we?  We may well be at a place of having to sell some or all of our bitcoin and perhaps totally wrecking a plan of building our BTC holdings that we may well might have been employing for 4 years or longer and then we find ourselves having to start over again, but instead of starting out with BTC price being X, we find ourselves restarting and BTC prices are 5x or 10x higher than X.... so yeah.. where are we at that point?  We failed/refused to adequately/sufficiently prepare ourselves to not get reckt.. and we had ended up gambling too much, even though we thought that we were being sufficiently prudent and sufficiently cautious.... but we did not realize that we ended up not being prepared for what ended up happening... and these are not easy balances for any of us to make, especially since we are NOT going to realize that we had not been sufficiently prepared until it is too late... but each of us has to make these kinds of balances and hope that we are sufficiently aggressive in our bitcoin investment, but not overdoing our BTC investment so much that we end up wrecking ourselves a few years down the road.

[edited out]
This is your misconception. Emergency funds should never be invested in any investment.

The only way emergency funds should be used in terms of investment is if they happen to be excessive, and surely some folks might be labeling all of their extra funds as emergency funds, and part of their emergency funds might be reserves and/or float but they are labeling such as emergency funds.

So yeah there can be questions regarding how much emergency funds a person needs to build up.. and if someone is brand new to investing and brand new to consciously paying attention to building and maintaining an emergency fund, then the emergency fund might start out relatively small.. maybe just by coincidence normal people might keep a kind of float of 2-4 weeks of their expenses worth of extra cash that is kind of considered to be used for any any extra expenses that might come about.. but then once they start to invest into something like bitcoin, they realize that they are likely going to need to keep larger amounts, such as 3-6 months worth of emergency fund, but they are not necessarily going to get their emergency fund up to that size immediately, so they end up building up their bitcoin investment and their emergency fund at the same time.. and surely once they get their emergency fund up to a certain size (such as a minimum of 3 months), then they might begin to feel that they have more abilities to be aggressive in their BTC accumulations (adding to their BTC holdings) or even to use some of the excess (greater than 3 months amounts) for the purposes of investing into bitcoin or other kinds of purposes.. but yeah, if they are barely floating on keeping ONLY 3 months as emergency funds that are not touched for any reason except actual emergencies, they may well find that they are not keeping enough emergency funds since sometimes various expenses can come at the same time and quickly eat into such relatively lower level amounts of financial cushion... .so yeah in the end, there becomes more and more need to keep some funds in cash that never get touched because otherwise the depletion of such extra cash ends up putting the person closer and closer to having to dip into his bitcoin investment that might be at a time that is not at his own choosing.

If you earn bitcoins directly, you can save with bitcoins in an emergency fund. Very few people can earn bitcoins. If you don't earn bitcoins, if you do earn money, investing in an emergency fund or reserve fund to save bitcoins is a stupid thing to do.

I think that it is very weird to be failing refusing to consider reserves in terms of fiat, unless there are some folks who truly are able to spend all of their expenses in bitcoin.. or if maybe they have so much bitcoin that they are willing to just take the chances of keeping all of their value in bitcoin (presuming they earn in bitcoin), and so these seem to be less common kinds of circumstances, and there is a certain level of healthiness to considering holding and/or converting value into fiat.. since even if some expenses might be payable in bitcoin, they are likely calculated in terms of fiat.. so it does not even seem very realistic that we are considering some of the exceptional cases in which some few folks might completely earn in bitcoin and are able to spend in bitcoin and they just let bitcoin's volatility go where it goes, especially if they are already getting all of their income in bitcoin..

These folks are more specialized and not really representational to be discussing in terms of being applicable to general threads like this.. so maybe their situations should be discussed in other threads that pertain to those special kinds of situations that are far from representative to the circumstances of an overwhelming number of folks, including that probably somewhere close to 99% of the world's population does not have any BTC (no coiners) or if they have some they have way too little (low coiners).  So it seems way more relevant to be trying to address the overwhelming majority of folks who need to get more coin and to figure out ways to build their BTC holdings instead of the more rare folks who have enough or more than enough BTC that ends up putting them into more of a special category rather than being representative of the situations of the overwhelming majority of the population who are low coiners or no coiners.

If that is the case, I would say there would be no need for an emergency fund. You invest and use additional bitcoins above the investment target limit if necessary. If you save in an emergency fund with bitcoins, you may face losses. Danger never comes.

This is starting to sound like a person who is overly accumulated in bitcoin, and surely even such persons who are overly accumulated in bitcoin may well be better served to make sure that they keep 3-6 months or more in cash and/or cash equivalents - yet surely each person is free to figure out his own balances, and surely if s/he is over allocated in bitcoin, then his/her situation does not sound very typical . but it still seems like there are likely better ways to balance their accounting and even to improve the value retention of their own wealth by keeping some value in cash, cash equivalents or in forms that are something other than bitcoin (not referring to shitcoins.. but yeah, sometimes people with unusual circumstances might well be better served to have some of their value in shitcoins than to have 100% in bitcoin).. even though typically, I would jnot recommend keeping more than 10% of the value of bitcoin in shitcoins, there could be some special circumstances that justify other kinds of balances, and yeah, each person is responsible for his own trade-offs. and not wanting to derail too much into discussing how to weigh shitcoin allocations.. since there is likely enough challenges in terms of merely considering the balances of bitcoin versus cash allocations..

Danger can come at any time. When the Bitcoin price falls below the purchase price and you need money at that time, you will face losses. Both the standard of living and the crypto market are volatile. It is not possible to say exactly which is when. So, it is better to have an emergency fund with cash.

First: Some of the calculations regarding the extent to which BTC is profitable may or may not be applicable to some folks who are either earning in bitcoin or maybe they had been in bitcoin for so long that they have costs per BTC that are way lower than any likely price that BTC might end up going.. so the level of profitability may well not be very much of an issue for some folks who are considering holding most if not all of their value in bitcoin (including their emergency fund, reserves and/or float) and then spending their bitcoin from whatever point that they might need (or want) to spend them.

Second:  I am not sure what purpose you had in terms of mentioning "crypto" markets.  Why should we give any shits about shitcoins?  Do you not know we are talking about bitcoin?  Is there some kind of a need to use the term "crypto" while referring to discussions about bitcoin and perhaps you really meant to say something about bitcoin?  Probably there is no need to use the term crypto, since the use of the term "crypto" might have been meant to talk beyond bitcoin, but you did not specify what you meant when throwing that term into the discussion.. so in some sense the use of the term crypto seemed to have had devolved the discussion into a kind of obscurity, vagueness and potentially misleading some of us in terms of what are we talking about here?  Do you believe that there is such a thing as "crypto" markets?  what kind of a product would I buy if I were buying into "crypto" markets?  Yeah, I know that people use such vague terms all the time, but it does not seem very helpful to refer to something like "crypto" without suggesting what is meant by such a term, especially when we had been talking about bitcoin.

Third:  when you say standard of living is volatile, you likely are referring to the ongoing debasement of various fiat currencies that may well be affecting a lot of ways that value is perverted.. or many times debased for regular folks.
36  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 15, 2024, 04:19:58 AM
I have my doubts that there is any necessity for me to respond to any of your particular pieces of analysis, since I am not really sure if you are saying anything with any level of conviction, except that maybe you consider the odds for having a downward correction are greater than they had been earlier because of a failure to break to the upside - yet you are not even saying that with any level of meaningful conviction or specifics - except that certain lower levels might happen - and surely, I am willing to stick with a bet that I had earlier stated, which is that the BTC price will likely not get lower than 20% higher than the 200-WMA.. and sure yeah there could be breakouts to the top or the bottom, and I had largely just been proclaiming $55k to $82k to be no man's land.. causing a certain increased level of probability that the breakout is going to be towards the top rather than the bottom, but it is not like certainty, so maybe slightly greater than 55% odds.. add 2.5% odds since we are generally in a bull market and add an additional 2.5% odds since we are in no man's land, but that still only gets us to 45/55 rather than 50/50 odds or something other than that, and so that might not even give us anything that is bettable.. even you did not come back to suggest some kind of potential bettable terms when we dropped below $60k the last time.. around April 29 that lasted ONLY slightly less than 3 days.

I mean I can hardly see any changes to the conditions from the mere fact that BTC prices have largely been bouncing around at the top of the range between about $60k and $70k for the past 3.5  months-ish and yeah there may or may not be further consolidation.. and it hardly matters except that I am a wee bit surprised that we are hanging out in no man's land for quite longer than I thought, but it is not even like the upward's inclinations of noman's land and/or the greater chances of less resistance give any certainties regarding what might end up happening, since we recognize and appreciate that less likely scenarios can end up playing out, and less likely scenarios end up playing out a lot of times, which make them hardly tradeable and hardly bettable, except maybe considering some of the extremes might become bettable, for example if you are going to want to bet me that the BTC price is going to get below 20% above the 200-WMA prior to the end of 2025, or if you want to bet me that BTC prices are not going to end up touching somewhere between $120k and $180k in 2024, or if you want to bet me that the high price for 2025 is not going to be higher than the high price for 2024. .and yeah I don't have great confidence in ay of these propositions, except that I would be willing to bet them in terms of their being greater than 50/50.. and even with that I understand that I might not end up winning the bet, even though they seem bettable from my perspective and it would be interesting if someone, like you, might be willing to take the opposite side of such potential bets..
Correct, at present with price range between $60K and $70K, I'm not particularly convinced about any considerable downside or upside for that matter, until the range is broken at least - which could take another few months at current pace. Even if I'm more 55/45 siding with downside. You're suggestion of a bet of not reaching 20% higher than the 200 WMA is an interesting one though, as at present that would be a correction to $43,090 (35909 x 1.2), as opposed to sub $40K, which is approximately the area I imagine support would be found given a deeper correction. Based on current linear trajectory, that would be around $40K for the MA within the next few months (*at current prices that is), which would mean reaching $48K at +20%. Although notably the trajectory is currently set to slow it's pace in approx 10 weeks as it starts to knock out $20K to 60K candles, this wouldn't take effect (*) until mid August. So overall, that'd be a lot fairer bet for me that the idea of sub $40K by the end of the year, quite clearly. I'm otherwise confident that price in 2024 will be higher than 2024, so no bet from me regarding that. But also, as referenced, until we're back down to $60K then I only really see further range-bound accumulation and distribution.

Overall my general theory is that if $60K support is broken again, that $50K levels won't hold and we'll return to volume support / opening price around $40K, or otherwise around the 200 WMA if it catches up by then. I'd like to believe the theory that ETF buyers are strong hands, but given we've already seen outflows during bearish price movements (even if not very consistently), I suspect the floodgates of sellers will open below $60K. As even if you bought the ETF at $50K that's still a 25% return, which compared to most other ETFs, it's considerable. For BTC, it's obviously very little.

Well, I had some variation of three propositions that I would be willing to bet - even though I am not super confident regarding various scenarios in which my bitcoin dynamic ideas will not end up playing out.

1) BTC spot prices not dropping below 20% above the 200-WMA prior to the end of 2025..

surely you showed some weaknesses in my ideas.. and yeah 18 months is a long time for the BTC price to not go below that level.. but it still seems bettable, even though surely my odds might not be as great as I think (which is merely my thinking that my odds are slightly better than 50/50 for such).

2) BTC ATH price is higher in 2025 than in 2024 -

yes you do not like this one, even though it seem that a few posts back you were spouting out some scenarios in which you seemed to be suggesting that 2025 might not have higher prices than 2024.

3) BTC spot prices to reach somewhere between $120k and $180k and potentially consolidate in that range in 2024 -

You did not make any comment on that idea.. and yeah it might not be a good bet for you since in order for me to win, all I would need is one time in which the BTC price went over $120k in 2024.. so there might need to be some other condition to attempt to entice you into taking the opposite of this one.

We need to be happy if the price will reach $100k next year.

I would like to bet you on that one.  There is no way that you would bet such dumbness assertion (meaning you are not even willing to stand behind your statement).
37  Economy / Speculation / Re: Buy Bitcoin, and HODL! on: June 15, 2024, 02:43:48 AM
[edited out]
Of course Tmoonz is right with his ideas but since we disagree to agree here I will like to buttress and point out so fact that must have amounted to confusion of the other party.

Let's say for instance: We've got three major strategies for bitcoin investment which is DCA, Buying the dips and Lump sum. I believe sometimes this strategies do have some collision which is where agbamoni might be getting is wrong but this collision literally doesn't show up frequently.

Here is the instance; Using my Churchillvv as the case study,

Point A Churchillvv(1) usually practice the DCA method of investing hence does not care what the price is (volatility) as his intention must be for long term investment.

Point B Churchillvv(2), Also practice the buy the dips and he does care what the price is and tries to maximise profit by buying only when the price is low.

Point C Churchillvv(3) Also practice the Limb sum method of buying bitcoin, at this point he does not also care what the price is but because there is an extra cash flow he decides to go in at once.

Having identify this three points, the rare collision happens where, Churchillvv usually buys the dips but for some reason during this purchase he gets an extra cash follow which is not certain then decides to push in all the extra cash into his bitcoin investment, note at this same point bitcoin price is relatively low which also means the dips. At this point where he buys both the dips and also buys bitcoin using his extra cash flow which is expect in this instance to be huge to buy bitcoin it is now in a state of collision as both strategies occurred at this same time. which I see as the area where Agbamoni might be looking at but the fact is they (the three strategies) are different things all together.

So to put you Agbamoni in the right direction, lump sum means buying bitcoin only when you have a huge amount and decide ms to invest regardless of the current bitcoin price. This practice is more applicable when you usually get your money once in a while. But buying the dips means even if you have the money now and BTC price is relatively high you would rather wait even if it takes 365 days to reach your relatively low price before you purchase. Note the time differences

You are not really wrong in anything you say.. and I think that the main point is attempting to understand that there are advantages in knowing the difference in order to potentially take advantage of the differences and attempt to figure out whether you might want to vary your own application based on the options that are available to you.

For example, if you already have a formula that you are going to spend a certain percentage of your newly incoming discretionary income (for example 33% of your newly incoming money is going to be spent on buying bitcoin right away, 33% is going to be set aside for buying dips and 33% is going to be set aside for float and/or reserves - presuming your emergency fund is already in place), then whether you receive higher amounts of money or not is not really going to make a difference because you already have a system that you are following (and yeah, you can also vary your system too in order to account for things happening with the price, the size of your BTC stash and other things going on in your life that also might relate to the 9 individual factors).

Many times folks like to juxtapose ideas of lump sum investing versus DCA, so yeah, you could be a brand new investor and you have $50k that is already saved up in various investments, so if you tell yourself that you want to have 15% of your investment portfolio invested into bitcoin, then that may well mean taking $7,500 from your other investments and investing it into bitcoin.. which surely might be a kind of lump sum investing. and then maybe you wait 1-2 years and then decide what you are going to do.

Some people are really in the practice of lump sum investing, so then frequently when they do it, they try to time their lump sum investment for a price dip, so they end up employing a kind of hybrid tactic, and maybe they are not realy interested in a DCA way of investing.. but they are timing their lump sum buys with attempts to buy dips.. which may or may not end up working out as well for them..  but if they might have a deadline for themselves that they are investing their lump sum within a certain period of time or under certain conditions, then that might be the way that they think about investing into bitcoin.

I frequently like to give examples of lump sum investments to be a way that a guy might invest into bitcoin, and that at the same time he supplements with DCA investing - so yeah in those kinds of cases we might imagine a person who receives bonuses or some somewhat surprise quantities of money 2-3 times a year, and with those extra amounts that come in, there can come opportunities for creativity that could include any of the three strategies in terms of how to treat those extra amounts, so maybe his regular DCA is right around $100 per week, but if he gets $3k 2 or 3 times per year, he may well have flexibility in terms of which category to put the money and if he adds to his DCA, maybe he creates a buying on dip fund (if he does not have any buying on dip fund in place) and maybe he also might decide to lump sum buy some BTC right away when that money comes in with a portion of it, whether it is 1/4 of it? or maybe 1/3 of it, or maybe 1/2 of it or maybe some other amount that makes sense after he assessed various aspects of his finances/psychology and his 9 factors.
38  Economy / Economics / Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’ on: June 14, 2024, 05:26:19 PM
For sure, those of us who already buy and hold bitcoin directly may well be quite reluctant to overly complicating our investments and/or adding various 3rd party risks to our bitcoin investment, but surely there are individuals and institutions that are quite uncomfortable (or even unable) to hold bitcoin directly.
This is what puzzles me the most.
I would have thought, and I was quite adamant to that, that I expected the "premium days" of MSTR when compared to Bitcoin were numbered with the launch of the bitcoin ETFs.
Instead this insanity non only sustained in the following months, but actually grew more.
And this latest move by Micheal Taylor demonstrates there is still appetite for buying bitcoins trough the massively redundant infrastructure of MSTR.

Yeah sure maybe it does not make a lot of sense, but the market is likely showing us that there is a certain kind of appetite for a product that seems inferior to holding bitcoin directly, and at the same time, there are individuals and institutions who are looking at these matters through fiat lenses and comparing their investment opportunities/options to other fiat investment opportunities that they have.. so gosh, if self-custody is so much outside of places that they are ready, willing and/or able to go, then there can seem to be a bit of irrationality in terms of their investment choices that cause prices also to be irrational for longer than anyone might consider viable.. .. .. and in this regard, we might be considering some kind of market movement dynamic to be irrational, but we have not quite understood the mindset of some of the investors who are making such choices (whether they are irrational or not, but they might be eliminating some seemingly rational considerations based on their own perceptions of their financial and/or psychological limitations).

I am not going to claim to exactly what motivates some of these folks because I am not from their world.. and also I am not easily able to put myself into their world including not really knowing which kinds of assets that already exist in their investment portfolio and some of the other motivating factors that they might have that may even have some gambling inclinations or maybe some going with "what others are doing" inclinations.....and for these folks, maybe bitcoin-related products are more "in-trend" than bitcoin itself.
39  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: June 14, 2024, 02:58:35 AM
[edited out]
Yeah, I think if someone wants to grow or improve in this push-up of a time, I mean to be going more than he or she use to I think consistency is the key to that cause the moment you are doing it often regardless of the number of stroke you go per set I believe with time the person will improve, lets assume the person usually go 8 or 10 in a set with time the person we see himself or herself going 13,14, and 15. And that  is one major advantage of been consistent, it help one to improve or grow provided the person is not joking with that particular thing.

For me, some sessions are much harder than others, and even if I do my pushups in front of someone else, sometimes I can get distracted in my breathing and my focus. and then I feel that I cannot do as many, so there can be something in the focus, but then at the same time the consistency is going to create greater strength and abilities so that even with distractions we are able to do more than we were able to do previously.

Also, sometimes after I eat or if I do some other activity, I might feel a lot of difficulties to do the pushups, and I imagine some other members have their differing obstacles, even though surely I think that younger people will not necessarily have as many obstacles... but recently I have had a friend frequently touching my chest and my arms, and so that did not really happen before, so there is something that becomes a lot more alluring when someone is able to hold a better posture but the definition of the muscles come out better, even though sometimes we feel that we look the same, but it does not take a lot of difference in order to make a difference in terms of someone feeling the muscle under the skin rather than just feeling a kind of blob of fat or whatever lacking of definition might have previously existed underneath the skin.

100k,JayJuanGee,130,25430,2024-06-13
40  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: June 13, 2024, 11:55:28 PM
Got my 300 in today.  I could probably push it to 400 but I don't see a need so I'll maybe try that another time.  Smaller sets would have probably helped me get through it easier.  Still, I feel pretty good that I did 300 today easier than it was to do 100 when I started this competition.  I for sure have never done 300 push-ups in a day before in my life.  Seeing the growth in push-ups of this community is almost as fun as watching the growth of Bitcoin.  I say almost because you guys aren't giving me any money.  Smiley  Push on!
Yeah, my current max is also 300, and I did it on May 7th with 5 sets of 60... and probably before this pushup challenge I had not done more than 100 pushups in a day.. I am not sure, but I cannot remember having any obsession with pushups prior to this challenge.

If I ever try to do 500 in a day, then I probably would do them in something between 12 and 15 sets, and it probably would not be exact sets.. I would just start out with as many I can do in good form, and then just keep doing that around every hour until I reach 500, and so maybe towards the end I might ONLY be able to do less than 30 per set.. but that is o.k... since I will likely start to get really close by the time I get towards the end of the day.. so maybe it is a day to look forward to.. .. so my current thinking is that either 1-5 days after BTC reaches $100k, then I will do as many pushups that I can during the time that I am awake.. presumptively once an hour from the time I get up until I either tell myself that I am done for the day.. or that I reach some number 500 or whatever that I am sufficiently satisfied to be a reasonable amount (for me)... Something to look forward to.

Here's my latest report:

100k,JayJuanGee,123,24425,2024-06-06
300 pushups in a day sounds very intimidating and at the same time encouraging for an average pusher like me, and you're talking about attempting 500 in a day, that'll be pure awesomeness. I do 10 sets in a day and it's only on the first set that I can do way above 10 pushups, in the subsequent sets, it'll be diminishing, I guess you guys must have been into serious pushups before this 100k challenge, and must have superhero physiques. I guess with seriousness and dedication me and other members who're average pushers can attempt to reach and cross 100 pushups in 10 sets. I'm however glad that I joined this energetic challenge, it has been very rewarding for me.

7th day since my last report, I pushed a total of 368 in 5 days. My report: 100k,Kelward,23,1182,2024-06-13

It seems that many of us disclosed that we had started out with relatively low quantities of pushups per set, and maybe even very few pushup sets each day, so I had not been doing pushups for many years, even though I had been doing weight lifting (from time to time) and even some other kinds of cardio exercises, when I started to do pushups, I was not very used to doing them and I was getting very very sore from doing them, so I just consistently did the pushups every day, tried to spread them out so that I would not get too sore and I also tried to not overdoing it while at the same time p;ushing myself to keep improving in terms of my quantity of pushups.. so yeah, my initial goals was to increase my quantity of pushups and to be able to keep doing them every day and then to just attempt to measure the extent to which I was personally improving.. so it was not easy, and I think some other members had similar levels of ongoing soreness and tiredness but still sometimes striving towards keeping on doing the pushups on a fairly regular basis.. if not daily for several of us.

Sure some of the guys might have come to the thread with more pushup experiences, but truly I think many of us have been doing these pushups in ways that are new to us and many of us are breaking our own personal records to keep doing pushups for so long, even if some guys are merely doing 50 pushups per day or some quantity of pushups that is less than 100 pushups per day, it still may well end up being a kind of activity that they had not been in the practice of doing previously.

So you might be similar to several of us. and maybe it is just a matter of continuing to do the pushups in order to build up your quantities, even if you are only able to do around 10 pushups at a time, if you spread them out and continue to do the pushups, then it is likely that you will end up increasing your quantity  and getting better at doing the pushups, even if you might also have periods of feeling tired and getting ongoingly sore too.  It will be nice to hear about your progress and if you are able to continue to do pushups regularly and report your progress here like several of us are doing.
Pages: « 1 [2] 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 ... 1522 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!