|
what a boring game...maybe Seville is too hot rn.
|
|
|
|
Someone who was here since 2011 has got to be a whale, maybe even a 'blue whale', unless they were into some "other" stuff early.
It figures.
You could be correct that there are a decent number of 2011-ish forum members who would be whales of some sort.. but gosh I hate to be assuming too much in that direction.... So, according to todays definition of whale, we might be able to 10x or 16x (which seems to be too presumptuous) our anticipations regarding where BTC might go each cycle, so those of us who registered in 2014, would be considered having high likelihood of being whales in 2024, or it does not work like that? We might need our little chart again, for reference sake.  Of course, over the years, the classifications of the fishes and amounts needed for each classification should be changing, no? Do these categories still stand, or does someone want to tweak to make them more reflective of our current BTC price dynamics times? In other words, is 1,000 BTC still required for entry-level whale status? Still a crab oh well That classification is bs anyway. I posted about this before. There are 25K blue whales in the world and, according to the link below, you need to have "just" 89 btc to be in the top 25K owners: https://medium.com/@BambouClub/are-you-in-the-bitcoin-1-a-new-model-of-the-distribution-of-bitcoin-wealth-6adb0d4a6a95Total whale numbers the world-about 75K, so the btc number you need to hit to be comparable with a whale (in bitcoiner numbers) is somewhere between 15 and 89, probably around 50, give or take. Maybe numbers are different now, but if anything, the distribution could be flatter. |
|
|
|
|
omph, omph, bud-deyyy, buddey-buddeyy....surrender... (Abba "Waterloo" style).
|
|
|
|
Just a calculated Prediction: Crypto Market will be worth $8 Trillion in Sept, 2024.
Bitcoin Price: $240,000
Ethereum Price: $14,136
Cardano Price: $10.16
BNB Price: $2,176
What do you think about my prediction?
good guess, but don't care much about bnb. There are other/better projects. In addition, ADA is mostly marketing right now. Maybe it happens or not, who knows. |
|
|
|
 Ideal time for buy now Imagine if this was just a pre bull market and the real one coming within the next 1-2 years. it happened with AMZN, AAPL, even MSFT. GOOGL was more or less steady up. So, it is possible, but not guaranteed, of course |
|
|
|
I think that one of the things that you are telling me is that you are not DCA’ing in Bitcoin because lump sum is better.. and you are waiting on a “down opportunity”, but if the BTC price does not go down from here, you are just going to suck it up, even though you could have bought more BTC at these here prices. If BTC doesn't go down from here, I couldn't be happier  That is what happens when you have not sufficiently prepared for UPpity. You are excessively hoping for down in order to make up for your lack of your preparation. I feel like I need to correct this: Did you misread my "doesn't"? LOL |
|
|
|
Well in other news, I'm back to fixing miners again. Just repaired a nice T17+ for a Bitcoin Forum member, had a bunch of interesting little problems to untangle.
But it's merrily hashing away at 47th so that's nice.
too bad my hashpower is in Can, otherwise I would have sent you some of those sick puppies. From Can it is too expensive plus a surplus tax on China stuff (although i am not sure it is still in effect or not-'killed' me on US hashpower). |
|
|
|
|
OT: A guy had covid twice, appendicitis and someone stole his 85K watch all in the last 12mo..scores a neat goal by bending in into a corner..he should be invited to WO, lol.
Denmark is ahead..
|
|
|
|
|
Someone who was here since 2011 has got to be a whale, maybe even a 'blue whale', unless they were into some "other" stuff early.
It figures.
|
|
|
|
|
Let's see what the weekend would bring.
I am amazed by all these unnecessary calculations with an uncertain premise.
The best decision was obviously buying in a lump sum for at least the latter half of 2014, 2015, 2016, first half of 2017, the latter half of 2018 and the first half of 2020, which constitutes more than 50% of bitcoin life. Why make it complicated when it was (and will be at some point when this bear is over) so simple?
I have pursued this stategy myself and I am happy with the results so far.
Buy in a lump sum when it is cheapTM. How to measure "cheap" is another question.
|
|
|
|
|
The market would keep going down until those who like to buy on the way down would stop buying and others would sell at the bottom-a typical capitulation.
I wish I can convince bottom seekers to stop buying lower and basically destroying the value of your position, but we all have to learn somewhere.
Where the bottom would be, I don't know, but it would be lower than now (i give it a 70-80% chance).
Why?
1. Hash rate decrease indicates a decline in the network strength. The cause of the drop is irrelevant-unless it (drop) quickly reverses.
2. Government crackdown in a form of various 'regulations' in US, UK, EU, etc is upcoming. This would impact functionality first and foremost, and the price as well.
3. Tax crackdown-see Korea for a start of the trend. People would stop caring about gains if they would be challenged on taxes all the time.
If US politicians had a bit of smarts, they would have positioned themselves as the one's in favor of freedom, but they are not.
The idea that the government should direct everything almost completely permeated even the US. I am ruefully 'amazed' by this development, but where it is not so?
Is there any place where we could be free? I am not sure.
The bear market is here, and the cycle is broken, I now have it at 70-80% probability that we are in the bear clutches (early stages). The chart is awful too-just look at it.
I cannot bring myself to sell bitcoin despite a gloomy prediction above. One reason is that i don't really need or want money for living-have a pretty decent job plus a bit of cash cushion.
I am fine selling alts though-raised some cash easily already. Don't care if this is taxable at 20 or 40%, easy come, easy go.
However, I cannot fathom selling bitcoin and then paying 40% in tax after all trials and tribulations my position went through, I just can't.
I will hodl for half a decade and see what transpires and if i kick the bucket beforehand, then it would not be my problem anymore.
I am not going to argue my points with either polite observes or some potty mouthed bot hooligan(s), but here is a numbers prediction for the bottom (that could be easily checked later on):
around 20K is we are lucky, 10K if we are unlucky. Hopefully, it would be close to $20K.
Happy trading (or hodling)!
|
|
|
|
|
You admitted to being a congenital liar or a fake buffoon.
It figures.
|
|
|
|
|
bitcoin IS money..stop making a straw men out of your zeroes and ones.
Where are the beloved ratts, damn it? Deleted?
Btw, one day you are 'rich-as-fuck', next day you cannot find 10 bitcoins to your name.
So, what is it...or rather which version of "reality" you are currently on?
All complete bullshit.
|
|
|
|
|
Can someone apart from me tell that obnoxious know-it-all bot 'girlfriend' to stop being so naggy....just about everybody and pretty much everything?
The informational content from that direction is minimal.
|
|
|
|
|
not to bitch about a 'free' graph, but, sir, there are two things (price and volume) smashed into each other and obscuring the overall view...sorry.
|
|
|
|
A good reminder on a few trading rules: Don’t buy new lows.
Don’t short new highs.
Always scale in and out of positions.
Set stop losses where you re-evaluate your point of view.
Always look for new ideas.
Admit when you’re wrong and move on
Though why not buying lows, those are never wrong imo, I love buying cheap corn... Not buying lows because there could be lower (or much lower) lows. It always, always pays to buy into rising, NOT declining market. How many people here were buying at small dips from 60K (55,50,48, 42, etc)? My 24 year market experience tells me that and I have scars to show for it...way back when always buying into declines, hoping for bargains..nope, it does not work this way. You could be bailed out by something like bitcoin cycles, but it is a no-no, typically. |
|
|
|
|
Show Posts
