selling wise i have to treat corn just like any other asset. in my mind thats just the way i do it. bitcoin is both a investment and a tool to meet goals. i use it like any other tool. but it is the best tool ive ever seen.
You are a stubborn one, so probably some of your following of Gresham's law happens to be more subliminal rather than your lame attempts at equality.... (hate to say that you were starting to sound a wee bit like searing for a while, there... with your seemingly both loving and hating of bitcoin at the same time. stubborn? errr yeah, heh. basically i have stuck to the plan i made many years ago when i got into bitcoin. and im more on a glide path right now. which is going to be a different strategy than those who are climbing. but i have reallocated the percentage of these "classes" over the years too, and bitcoin has been much more prominent of late. both from a sound money point of view and a ridiculously preforming asset/investment. if push comes to shove, bitcoin will be the last thing to sell if it comes to that. however as much as i believe bitcoin is the future of money/wealth/store of value/whatever you want to call it i do live in the present. and i do realize that my "plan," while it has worked in the past, may need drastic revision at any point. never stop learning. |
|
|
|
the fed and stockmarket run on hopium, and how long that that lie last? but i see your point, they will do anything to keep the stock market going as pretty much everything in the usa rides on the stock market.
bitcoin may fall along with stocks to a point but in my case when i suddenly need a largish amount fiat for whatever reason (pandemic? yeah right what are the odds of that... oh wait..) i tend to sell off my different classes of stuff (not sure what to call "classes" as i am not a financial guy, i pay people for that) equally if at all possible.
but wtf do i know all i can say for certainty is bitcoin has been very kind to me.
Are you suggesting that sometimes you will try to follow Gresham's law, vapourminer, meaning that you speculate that bitcoin is the more sound of the monies, and you tend to consider whether to sell other kinds of monies / assets before selling any of your bitcoin? I understand that if you are already more appreciated in bitcoin, and bitcoin ends up comprising way more of the value of your various assets, then you might end up shaving off some bitcoin rather than selling some of the less valuable monies/assets, because largely you are somewhat over-allocated in bitcoin relative to the other assets/monies because bitcoin has gone way up in its value compared with the other assets. i definitely consider bitcoin more sound than fiat, and that viewpoint has really been driven home as of late. but i really just do my own thing financially. which may not be smart but has served well enough. basically if i need x amount of fiat money i will simply divide by n, n being the "classes" in my mind. those classes in my mind dont really correlate with traditional categories and have changed over time as i learn more about it or simply adjust based on past and what i consider potential future returns. now bitcoin has been by far the best performing class and that means that means if im pulling say 10k USD from the bitcoin "class" its generally taken less bitcoin each time as i try to have enough fiat reserve to ride out the smaller dips and downtrends (a couple years worth of fiat have worked out) and be able to (more or less) pick decent point to sell. i do that by setting goals with laddered sell prices on the exchanges. but i also have to pick a certain date (several actually, like say a 1 month period divided into four one week periods). at each point if i havent made the price i want i still sell (in this example) 1/4th of my fiat goal, so 2500 USD , whatever that happens to be in corn at that time. this way i dont get stuck at the end if the price of corn has just gone down during that cashout period. basically i have DCAd my way out. now this selling of bitcoin is mainly a habit from getting in this in 2011 when the possibility of bitcoin failing was much higher and i am a creature of habit and limited learning capacity so i do what has worked in the past with the least risk to my overall financial ability. if any of that makes sense. which i certainly dont expect it to for others as i am not known for making sense or following best practices. --- so i guess to me, buying corn is the 1st class of asset that i top off when i get the chance. thats the main point and far more important. selling wise i have to treat corn just like any other asset. in my mind thats just the way i do it. bitcoin is both a investment and a tool to meet goals. i use it like any other tool. but it is the best tool ive ever seen. |
|
|
|
[...] and nobody's got time for dat.
well.. ya know.. if perhaps you could cut back just a wee tad on the word count we would have more.. never mind |
|
|
|
Damn 10K smell then back down.... I can see why, from this Monday barbers and hair salons back open in Belgium.... they all sold there satoshi’s to support the haircut  free the haircuts! pffft old kindahippee here. ponytail dragging the ground is fine by me. if only i had enough hair.. |
|
|
|
Not gonna happen at this point. Too much liquidity in the system already and everyone knows that if stocks do fall, the Fed will step in to print more money to prop them back up. Even if stocks did fall, BTC will fall along with them. Anyone who thinks otherwise is just refusing to learn from what happened last time around. The best argument I've heard about BTC not being correlated with the stock market is "it's a short term correlation." This may be true, but its a correlation nonetheless, that occurs during a critical time period. But I do expect the impact of a stock sell down on the Bitcoin price to be less this time. They know how hard it can (will) rebound.
This could very well be the case. Not sure that's true. Bitcoin is looking more and more like Gold, in that in extreme stress events it's correlated, because when people need cash in hurry they sell anything liquid to meet margin calls, but outside those extreme events, they have very little correlation. Gold sold off hard in 2008, but 6 months later was at all time highs, I would not be surprised to see stock fall heavily again, but bitcoin keep climbing. The Fed can't prop stocks up indefinitely, they can inject confidence, but I'm not convinced by the whole stock market is separate from the economy thing that has been going round. We're still in a deflationary environment, I expect the dollar and bitcoin will go up, stocks will test new lows within a month. the fed and stockmarket run on hopium, and how long that that lie last? but i see your point, they will do anything to keep the stock market going as pretty much everything in the usa rides on the stock market. bitcoin may fall along with stocks to a point but in my case when i suddenly need a largish amount fiat for whatever reason (pandemic? yeah right what are the odds of that... oh wait..) i tend to sell off my different classes of stuff (not sure what to call "classes" as i am not a financial guy, i pay people for that) equally if at all possible. but wtf do i know all i can say for certainty is bitcoin has been very kind to me. |
|
|
|
I might need some pointers, regarding:
"how to NOT become too nervous during times in which the BTC price is going down - like it's falling off a cliff, and when I am assessing myself to be running out of money to buy more?"
hopefully the thing on your back that says "ACME - the name you can trust" has a parachute and not dirty socks. other than that i just keep in the back of my mind thats its not really there.. ie lost. but you already know that. |
|
|
|
Sorry to break your COVID skirmish guys, but we're almost touching 10k now... now this is getting interesting
hey youre off topi- oh wait looks like it bounced off ~9.95k or so but this is fine  |
|
|
|
you...youuuuuu...
No hydrogen peroxide OR bleach OR isopropyl alcohol in any grocery store or pharmacy around here (and wasn't for the last two months).
Every time I go to pharmacy I can barely contain myself from yelling at the staff about this.
WTFF (that would be f--ie f--k)
had 7% hydrogen peroxide lying around in 5 gallon containers for my water treatment system as my well water is crap. but you should be able to get it online in smaller amounts. |
|
|
|
how do you "forget" to wear your mask?
fuck, we be bleaching every goddamned item that enters the house
pain in the fucking ass
yup. except using hydrogen peroxide here. got carried away with the strength when mixing it down from 7% solution. ouch. now i know why you can use it for rocket fuel. well, sorta. but now i have much healthier respect for it. |
|
|
|
Anyone not caught up with all their outstanding jobs yet during the lockdown?
with my wife creating new jobs and projects by the second? i will never catch up. Today I finished stripping down to small bits and fully cleaning back to like new condition her Dyson. here is how my one, single project is going. PROJECT: disassemble and clean barbecue grill, check uneven burners. estimated time maybe a couple hours of nice relaxing time STARTED: hours ago PERCENT COMPLETE: 5% TIME SPENT ON GRILL PROJECT: 10 minutes to move and partially dissemble grill. TIME SPENT ON WIFES PROJECTS: several hours. ESTIMATED COMPLETION TIME FOR GRILL PROJECT: next week |
|
|
|
So we look at the bios version
..
From GPU-z. That's because modified bios won't change the bios code. That should work right?
yes, it can. modified = change afaik anyway, im not an expert by far. but i know there are bioses that will confuse gpuz.. it is very good but not infallible. you would probably be better off posting at techpowerup: https://www.techpowerup.com/forums/forums/cryptocurrency-mining.88/ |
|
|
|
Anyone not caught up with all their outstanding jobs yet during the lockdown?
with my wife creating new jobs and projects by the second? i will never catch up. |
|
|
|
Is there a way to know the exact chipset of the videocard and download corresponding BIOS?
goto techpowerup, they have a database of vga bioses https://www.techpowerup.com/vgabios/you may need to remove the heatsink/fan to get the actual numbers off the gpu and memory chips. also try gpuz at the same site but that utility sometimes depends on an accurate bios but it can also provide a lot of info even with a wrong/faked bios. https://www.techpowerup.com/gpuz/ |
|
|
|
What is your tip for knowing when the market has achieved a superexponential blow off top?
last bull run it was this special moment: you check the price when you leave home to get to your job head for the bathroom. you check it again when arriving at work leaving the bathroom. you made more money commuting to work that day taking a dump than you usually make in 12 months of regular work. FTFY That's pure fiction, vapourminer. Have you ever heard of any BTC HODLer, in real life, who would actually take a dump without checking the BTC price? Get real!!!!   you have a lot of faith in my ability to do two things at once. i tried that. the result was sub optimal and my new phone is waterproof. but really, until phones can go through autoclaves i can wait it out. |
|
|
|
Good morning Bitcoinland. Taking a bit of a breather from the steady rise after the halving... currently $9604USD/$13520CAD (Bitcoinaverage). Back to 5 digits soon? seems like straight up gambling? Obviously. Gambling is a ruthless addiction. by any other name eh? so anything can be made into futures. need to do a WO posts per day futures. what could go wrong? heh EDIT: lucky enough to never had the gambling addiction. just most of the rest of them. |
|
|
|
This seems kind of crazy to me, like an alcoholic who can't find a beer turning to rubbing alcohol... https://cointelegraph.com/news/forget-btc-price-its-now-possible-to-trade-bitcoin-hash-rate-futuresSimply dubbed “hashrate futures,” the contracts track the average difficulty of the Bitcoin network each day from the start to the end of each quarter.
The difficulty is used, not hash rate, because as FTX notes, measuring hash rate accurately is impossible.
“However, given that difficulty adjustments attempt to maintain 10m block times, over long periods of time the average hashrate will be proportional to the average difficulty,” the blog post explains.
yeah someone will need to explain that one to me. seems like straight up gambling? difficulty does follow price but not necessarily vice versa. |
|
|
|
Ok guys and gals.
Time to prepare for the next super bull.
What is your tip for knowing when the market has achieved a superexponential blow off top?
last bull run it was this special moment: you check the price when you leave home to get to your job head for the bathroom. you check it again when arriving at work leaving the bathroom. you made more money commuting to work that day taking a dump than you usually make in 12 months of regular work. FTFY |
|
|
|
Ok guys and gals.
Time to prepare for the next super bull.
What is your tip for knowing when the market has achieved a superexponential blow off top?
newborns arrive carrying a "buy BTC" sign right from their moms wombs. |
|
|
|
Dammit 3 666 merit, please release me from that Nr you know of course we will now merit bomb you to 4666 right? INCOMING |
|
|
|
 Throwback .... where I did got f***up with some fellow WO’s Fucking hell, that was a messy night bro. was that where the dude puked? thought that was 4 star restaurants balcony? |
|
|
|
|
Show Posts
