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2401  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 08, 2023, 05:42:00 AM
27907 to 28024

that is a very tight range buddy.

Yeah.. more or less floating around the 200-week average price.

Who would-a-thunk? 

And what does the 200-week moving average mean?


Anyone?


Anyone?










 Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy


It's a trick question.

I believe that JJG write long posts because he have enough information to share with us and he might be a firm believer of sharing is caring thing.

I write long posts because I feel that I don't have enough time to write shorter posts.



Go figure.

What's up WO folks.

I haven't frequent this corner of the internet for quite some time. The spamming of ChartBuddy sure doesn't help. He need to shut up...

I fricking did it though, amboss.space rank my lightning node as #1

The node has a total capacity of ~17 BTC, and is routing on average 0.5 BTC per day. Happy routing!

It's good to know someone who is famous - even though it seems that we knew you (kind of) back when you were a "no body."  #nohomo


hahahahahahaha

I am surprised, though, that nobody "knew", apparently.
This is strange.
It would take Hamas months and months, if not a year, to plan such a coordinated attack operation. Months and months of soldiers, supplies and artillery moving around. Millions in funding on the move. Months of planning and coordinated communications.

And Mossad didn't have a clue?

And U.S. and Foreign Intel didn't have a clue?

Really? Who's buying this?

People seem to be buying it... but at least you are letting us know.

Is the regulation good? Because I don't agree, BTC was made to not pay anything to governments, banks or something similar, because it is not fiat money, having BTC is to manage our money as we want, not to declare to governments or banks.
Satoshi idea about Bitcoin is peer-to-peer electronic cash transfer without any middlemen. Regulations just kill the original idea proposed by Satoshi.
If government is given the liberty to regulate Bitcoin then whats the benefit of creating Bitcoin? There is no way government can control decentralized Bitcoin but the one residing on centralized exchanges.

The fact that the government cannot really control bitcoin in total does not prevent them to proclaim that they are controlling it, even if they aren't.
2402  Economy / Speculation / Re: Buy the DIP, and HODL! on: October 08, 2023, 05:08:48 AM
Bitcoin is likely pretty close to inevitably going to continue to be volatile in the next 30 years, but surely if bitcoin's market cap continues to increase it will likely become less volatile with the passage of time.. but as you seem to hint 30 years is a long way to project out, so it does not have very much to do with the topic of this thread except maybe to the extent that your buying BTC (and even loading up on BTC) right now will give you a lot more options 20-30-40 years into the future, so maybe even slow accumulation now and in the next 4-10 years will then result in such BTC accumulating person to have a lot more options when it comes to 30 years down the road.. so long as s/he had not ended up losing the BTC along the way.. so one thing is accumulating BTC but another thing is actually making sure taht they are secure and periodically checking security and keeping up with the better ways to hold your BTC... whether that is going to change or not in the next 30 years seems to also be something that is hard to predict but seems likely since we are ONLY 14 years into bitcoin, as you mentioned.
Indeed, Bitcoin is relatively young, being only around 15 years old, and remains early in stage of its development, landscape of Bitcoin could undergo significant transformation in the next 30 years. Its volatility will also decrease overtime with the increase in its market cap as I also mentioned in my previous post.

The pressing question is how an individual with an average income can afford to acquire a meaningful amount of Bitcoin, especially when its price potentially reaches $250,000 within the next five to seven years. Hence, current lower prices present valuable opportunity to accumulate Bitcoin before it becomes less attainable.

You do not have to buy a whole bitcoin.  You can buy 1 satoshi... so bitcoin is not necessarily going to become too expensive to buy, even though people who got in earlier are going to have advantages in terms of how much their BTC cost as compared with people who are buying later.. so that is merely one of the advantages of acting earlier rather than waiting around and seeing what happens.

Holders have been using this method for a long time, whether they are day traders or long-term traders. And we have also seen that it is effective, and this is also where traders usually make money. Especially if we know how to feel the right timing of buying and selling.

Especially in times like this with bitcoin halving approaching next year and surely many hope that Bitcoin will really reach the price that most people expect it to be or that it will reach the price value of Bitcoin, which is at least 100k$ in the market, I just hope that the majority will not be disappointed, because until now, it still remains speculation.

We are not talking about trading in this thread, and the overwhelming majority (maybe even more than 80% of people) do not even need to try to trade bitcoin.  They are likely going to be much better off to employ various strategies that mostly focus on ways to buy BTC, even if they employ a variety of means of buying BTC that involves DCA, buying on dip, lump sum buying and even HODLing from time to time when they run out of money to buy. 

Anyone who is knew to bitcoin or even several years into bitcoin and who are largely accumulating bitcoin should not be considering selling bitcoin as a means to either accumulate bitcoin or to be using selling as a means to attempt to buy more bitcoin. It is not a good accumulation strategy for more than 80% of people.
2403  Bitcoin / Bitcoin Discussion / Re: Knowledge vs hodlings on: October 08, 2023, 04:32:38 AM
One more thing, I want to disagree with you here is that you don't need a good financial status in order to invest in Bitcoin. It is a long-term process, so you can put as little as 10 to $15 and you can start your journey. And as it is a long-term investment plan you can keep on putting small value and in the long run you can make it big.
The amount you quoted, $10 to $15 dollar is actually a big amount of money for some people. According to this article, the minimum wage in Bangladesh is 14.62 per month. This mean $15 is a big amount of money for some people. So one need a good financial balance to be able to DCA even with the amount you quoted.

Hopefully anyone who is a member of this forum and is ONLY making minimum wage in a place like Bangladesh and/or any other country with similar kinds of low level wages, these people should be working towards increasing their wages rather than merely making minimum wage... and so maybe they should still be figuring out ways to make more and to be able to put that extra money into bitcoin.. . and surely make sure that their monthly expenses are covered so that they do not ever have to sell any of their bitcoin, except at a time that is of their own choosing, and surely many of us even realize that it could take many many years to reach a stack of bitcoin that feels sizable if you are ONLY able to invest $10 per week, which would be $520 per year, which would be $5,200 over 10 years, and so maybe 10-20 years of investing into bitcoin, even with a low amount will start to feel like it is providing a lot of options that had not been available without any kind of investment into bitcoin.

Another potential problem area with poor people is to make sure that they are able to hold their bitcoin privately, so it they are not initially holding their BTC privately, maybe every once in a while, even once a year, their bitcoin value can be transferred to private locations.. and surely they have to figure out their best ways of storing their private keys.. even if they might not initially start out holding their own keys until maybe after they have built up their BTC stash to a high enough level that it would be worth it to transfer to a private wallet (accounting for sometimes transferring fees can sometimes be a bit higher than would be justified to transfer smaller amounts of bitcoin - depending on where it is held and what are the fee options for that particular location).
2404  Economy / Trading Discussion / Re: JJG’s Outline of Bitcoin Investment Ideas on: October 08, 2023, 03:38:28 AM
[edited out]
Indeed every form of businesses requires knowledgeable detailed ideas if not at experiences. Be curious to learn about a thought of business and your passionate towards making profits on a field you know nothing about. Things ain't jus the easy it is seen. If one is seems prosperous at a point does not mean it must favour you too. There are verities there is a likelihood about investments which are termed to proffer complete helter skelter striving to keep your investment on a survival but only BTC could render you a reliance with a minimum knowledge which you don't need a muscle to push on before getting to the hill of greatness. You only have to keep your mind of deck keep staring and steering at your coin(s) while you watch it grows like you are watering a plant of you steering your cooking put waiting to get cooked in no time because Bitcoin investment is a magical investment system.

Yes of course ignorantly venturing into a business unknowledged about is as gambling with your investment.
You are speaking quite generally and vaguely EluguHcman, and even though ideas of this thread could be used for businesses or even governments, I was not attempting to add those kinds of additional complexities into various investment ideas for the consideration of individuals and/or their thinking about the inclusion of bitcoin in their own investment portfolios.

Are you actually considering my thread in terms of your own business, or maybe if you have some ideas regarding your own individual circumstances, we can try to apply some of my ideas to your situation if you would like to share some of that in this thread  and sure, there are no needs to reveal private information - and even if you want to talk about the circumstances of a friend, or a hypothetical person, then maybe we would have something more concrete to discuss in terms of how we might consider involving bitcoin into the mix - even if you might be considering the situation of a business - which does have the potential to bring about some of its own business specific complexities.. but in the end we still are likely boiling down to the ability to invest into bitcoin likely comes after accounting for expenses and income and would mostly come from extra income in order to stay within the realm of investing rather than gambling as you seem to have alluded to that kind of problem that anyone could have with his/her bitcoin investment approach.
One of the importance of a great idea is that, if properly studied and applied, it has the capacity to reproduce it result if all variables are equal, and even if the variables differs in term of individual unique situation such as the level of financial knowledge and how much amount the individual possesses, if the financial knowledge and theories were and are properly analyzed and applied, it will still definitely give a positive result in the individuals own level, the result may not be the same in terms of how much profits have been accumulated in the stretch of time and what amount you are able to set aside as you accumulate all the way down and up respectively depending on the angle you are approaching the market from.
Although,  in investment such as bitcoin, it requires for individuals to first of all have a pre planned approach before they start the journey just like in any form of business, so for that, EluguHcman may have to properly digest the topic and make a personal analysis of the various approaches that are employed by ops to make a good outcome in the long term.

Of course, positive results are not guaranteed for any way of investing, even with something like bitcoin that seems to be amongst the best of asymmetric bets to the upside that is currently available, if not the best.  At the same time, there are going to be needs to make sure that you do not overinvest in such ways that you do not have enough money to cover your cashflows, and the cashflows of businesses tend to be more complicated than the cashflows of individuals and also the cashflows of married with familities will tend to be more complicated than the cashflows of single individuals.  Even though cashflows might be more complicated, that does not necessarily mean that abilities to invest into bitcoin would be more complicated because sometimes complicated cashflows might create more discretionary income, so then more options regarding how to allocate funds (just like governments might have more options than businesses, but they still likely have to manage their finances well, otherwise they might end up screwing up their own finances because they did not adequately account for their expenses when they chose to invest into bitcoin).
2405  Bitcoin / Development & Technical Discussion / Re: Can tail emmision be a soft fork on: October 08, 2023, 03:28:15 AM
the 2048 issue in which mining rewards will go down to 9 digits, and so should that value smaller than 8 digits be recognized or ignored?
There is no issue there. Satoshi decided 15 years ago that this fraction of a satoshi of block subsidy, which will be completely insignificant compared to the miner fees that make up most of the block reward, is to be ignored, as a natural consequence of having finite precision. Just like your computer computes 1/9 in 32-bit floating point as 0.11111111

No problem..  except that satoshi is not in charge of bitcoin...

and therefore, you engaged in a more proper use of the "appeal to authority" fallacy.

Since you guys are talking so much about milli-satoshis and also the idea of being able soft fork for the purposes of a tail emmission, I just [edited out]
Wouldn't that be just "with the presumption" that a Satoshi would be worth at least a Dollar/near a Dollar? What value would that bring to the miners if a tail-emmission or an inflationary model, assuming it could get community consensus, would better incentivize the miners, immediately, after the fork?
I did not consider anything that I was saying to be related exactly to what dollar value that the satoshi might have, but sure there is a bit of a presumption that if more digits are needed, then the sub-units represented by those extra digits would likely need to have some kind of a value. .even if only fractions of a penny, just like a satoshi is fractions of a penny currently yet some folks using the lightning network believe that there is some kind of value in terms of adding three more digits to recognize 1/1000 of a satoshi,
Then why not simply use the Lightning Network?
I thought that we were talking about various ways that tail emission might be achieved and/or justified.. or justifiable as potentially something that might be a good thing... It may not matter that much what lightning network does as long as it is not incompatible with the main chain in terms of how many BTC had been recognized.. but sure, we might say, that we do not need more than 8 digits if we can transact on the lightning network for smaller units, but that still does not seem to address the 2048 issue in which mining rewards will go down to 9 digits, and so should that value smaller than 8 digits be recognized or ignored?
That's with the presumption that a Satoshi would be worth at least a Dollar/near a Dollar. How can we call something "justified" if merely based on a presumption? We hard-fork/take the risk of a hard-fork because we presumed? It's safer to use the Lightning Network.

That hardly makes any sense to me that a satoshi would have to be worth a dollar or near a dollar in order for it to be worth it to recognize further digits.  You can keep repeating it, but it makes hardly any sense.

I doubt that any hardfork is necessary to recognize digits smaller than a satoshi.. but still like others said it might not be justifiable without a certain value.. I doubt that it a dollar and I even doubt that is a penny.. so even 1/1000 of a penny might be justifiable to recognize such further down digits.. but hey, I am just one person.  What do I know regarding what people want to do today as compared to what they might want to do in 2048 or times approaching 2048 when it might be considered if more than 8 digits might be justified to recognize on bitcoin's main chain.

I believe gmaxwell and achow should get in the topic and give us the plebs their opinions. I know someone will argue "Appeal to authority", no, it's merely asking and learning from the smartest people in the room.
You are using the expression "appeal to authority" with a kind of literalness that seems to devolve into nuances of incorrect usage, and sure no problem that we might want to have (invite) some forum members who better "know technical things" to chime in on this particular topic.. someone other than your good buddy, franky..
That's what forums are for - Education and Learning from other people.

Plus let frankandbeans chime in, my "good buddy" the big blocker and BCash lover. Cool

That's the spirit!!!!!  Even though I know that he can be annoying sometimes, especially when he starts spreading misinformation.. but hey, we cannot necessarily pre-judge what he might say... even though surely requesting Maxwell or Chow seems probably better to the extent that they might have opinions on this topic or even consider the topic to be of enough importance to chime in.
2406  Economy / Speculation / Re: Buy the DIP, and HODL! on: October 07, 2023, 03:04:05 AM

Anyhow back to my assertion that bitcoin is not a mature asset class or a mature value, and in that regard, you are underestimating bitcoin if you are merely considering that it will go up 10x from here and then stabilize, when ONLY about 1% of the world's population is actually invested into bitcoin at this time, and perhaps even those who are invested into bitcoin do not even realize the extent to which they are underinvested into bitcoin, so bitcoin is still a very immature market and there are still a lot more people to come into bitcoin, and network effects and even metacalfe principles are going to continue to justify that BTC values (and prices) continue to go up exponentially with the playing out of those kinds of networking effects and metacalfe principles.
Bitcoin is just a decade old, and has done a $1trilliom market capitalization in the past which is proof of the potentiality of Bitcoin, compared to other assets in its class such as gold, even though gold has been in existence for several decades it it still doesn't match up to Bitcoin in all sense of it being an investment, although Bitcoin can still be regarded as a un matured investment due to it space of time in existence if comparing bitcoin to other assets like gold which have been seen and taken as a matured investments for several decades, this have been the only point we can point to that make gold to be above Bitcoin which is a time of existence of both assets.
All that will change in the coming years and Bitcoin will become a full flesh replacers of gold in it digital form and providing liqudities that will keep bitcoin investors at an advantage over other of it forks in that category.
Since bitcoin have been a volatile asset since the arrival of cyptocurrency, and the huge success being recorded since it was introduced i believe that we can be convinced with the authenticity of these asset just in a decade so now you can imagine in the next 30 years how it's gonna appear.

So far as bitcoin recorded these level of success just about 14 years now, you can confidently understand that it cannot be compared or measured with other altcoins and the possibility of turning into the next generation currency is obtainable because it have been used in more complex trades and successes were recorded.

You sound a bit lost with your intermingling shitcoins into your discussion.

Maybe you want to reframe your question and try to focus on bitcoin, especially since this thread is about bitcoin.

Bitcoin is likely pretty close to inevitably going to continue to be volatile in the next 30 years, but surely if bitcoin's market cap continues to increase it will likely become less volatile with the passage of time.. but as you seem to hint 30 years is a long way to project out, so it does not have very much to do with the topic of this thread except maybe to the extent that your buying BTC (and even loading up on BTC) right now will give you a lot more options 20-30-40 years into the future, so maybe even slow accumulation now and in the next 4-10 years will then result in such BTC accumulating person to have a lot more options when it comes to 30 years down the road.. so long as s/he had not ended up losing the BTC along the way.. so one thing is accumulating BTC but another thing is actually making sure taht they are secure and periodically checking security and keeping up with the better ways to hold your BTC... whether that is going to change or not in the next 30 years seems to also be something that is hard to predict but seems likely since we are ONLY 14 years into bitcoin, as you mentioned.
2407  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 07, 2023, 02:56:14 AM
Nearly half of crypto users invest to boost living standards: Report
https://cointelegraph.com/news/bitget-survey-nearly-half-crypto-users-invest-boost-personal-living-standards

How has cryptocurrency investing changed?

How the fuck do they know what is the meaning of the question?

I did see the word bitcoin one time in the article.. so there might be some relation of this topic to king daddy.

Perhaps?

Perhaps?


Anybody still got significant fiat sitting on the sides, waiting?

I am mostly done buying with funds that I set aside selling some in 2021. I do have a fiat nest that I could plough back in, if there was something akin to the COVID mindrust event but that will only be used in an extreme dump.

I’ve been wondering for a while what, if anything, could cause a bad dump now with the halving so close. People aren’t stupid, they know bitcoin moons after each halving. Would a recession send us that low? How likely do you guys think a recession is now?

Just having a good think, looking for opinions.

I am not going to claim to know much of anything. What else is new?

I do have quite a bit more cash than I would usually have from my June 2023 Binance incident that I bought back quite a bit in like three batches.. one batch was almost immediately when the BTC price went up from $28k to $140k-ish and then dropped back down to $29k-ish, and the second batch was some extra buy orders that I placed between $30k and $26k. .which surely all ended up getting filled, and I did not even have any kind of certainty that they would get filled, but they did, and the rest is just adding to my pre-existing buy orders that had already been set down to $13k-ish.. so I feel good having that extra cash, and surely hoping that I don't have to use it.. but it is there, just in case, otherwise it will likely end up just getting spent at various times in the coming year or so.. whether HLB or other more practical (or not) things.. not thinking of any investments at this time.. but you never know if something might come up that just requires some additional cash.. so I could draw some from those orders going down to $13k.. and really I have some trouble thinking that even sub $22k would be reached.. and we would have to break the don't wake me up zone first.. and sure those kinds of things do sometimes happen right before the more UPpity break ends up happening. .which is kind of the covid/mindrust situation (which was more extreme than usual)..

Doesn't sound unreasonable to me, except putting certainty on it...
(1.8 kb snipped)
Ah, buddy it took me a while to reply because you have written a very long post
(1 kb snipped)
You are giving a lot of credit to the government being able to keep themselves in charge
(1.75 kb snipped)
I know that Government isn't controlling Bitcoin and they won't be able to suppress
(1.2 kb snipped)
Hard as you try, you can't win the long game with him. Honorable mention for trying though.

Oh my...



I am being stalked.
2408  Bitcoin / Bitcoin Discussion / Re: Halloween inspired poll –would your Bitcoins get passed on if you suddenly died? on: October 07, 2023, 02:31:21 AM
Currently, I am not holding any significant Bitcoin or any cryptocurrency for that matter so I am not so much concern with the idea. Anyway, I am leaving my notes so in case something can happen my family can see how they can be able to retrieve some coins I left after selling them last month. Now, for people who are holding a significant amount of cryptocurrency, this is a serious concern and one must have in place just to be sure that the assets are passed to the right heirs and not just languished in the digital jail and be worthless.

You are not really saying anything meaningful DapanasFruit - except that you are dumb.

Both for equating this thread with crypto.. when many of us are neither talking about crypto or give any shits about shitcoins.. .. even though sure, they might have some value that could be passed down.

So yeah, no problem with you selling your various shitcoins.. but in terms of bitcoin we are likely in buying season rather than selling season.. so anyone who knows anything about bitcoin should at least try to have a few, and most likely it takes a while to build a stack, so if you are a low coiner and/or a low coiner right now, you probably should be thinking about getting some BTC.

And surely some people might take several years to build up their BTC holdings to a meaningful amount because so many people might not be in a position to really lump sum invest into bitcoin, so it could take years to really get to a meaningful place in terms of your BTC stash.. .. and also time in the market tends to be a better thing to shoot for rather than timing the market, even though at this time, it would be better to have had spent a few years stacking sats rather than lump summing in, even though you likely could buy the same number of coins as the person who spent 3 years stacking sats for around the same average price as they got.. which also makes it seem like a decent time to lump sum buy into bitcoin if you were to have lump sums.. but yeah, everyone needs to make those kinds of choices, which is part of the reason it becomes way easier to build your BTC stash over several years and to show some conviction and maybe not even much if any concerns about BTC price volatility, as compared to someone who might lump sum in with the same amount of money that someone of similar economic stature spent three years buying  BTC on a weekly -ish basis.
2409  Bitcoin / Bitcoin Discussion / Re: Knowledge vs hodlings on: October 07, 2023, 01:54:02 AM
Personally I can say that knowledge in cryptocurrencies isn't very beneficial because ask yourself, why is bitcoin popular? And then compare possiblities of bitcoin to Monero. Everyone will tell you that bitcoin is decentralized, anonymous, etc... But then there is a monero. Logically, Monero should be the number one cryptocurrency and not bitcoin because monero is decentralized where every user is anonymous by default. Then there is an ethereum that offers a lot of features unlikely to Bitcoin but still bitcoin is number one currency. I can't actually understand it. I don't say that bitcoin is bad, no, it's great but I used to think that Monero and Ethereum had potential to surpass bitcoin. That's why I think that bitcoin hodling is more important than bitcoin knowledge.

You make some good points that there might be some other features that are touted to be better than bitcoin, but sometimes the extent to which those features might be touted as better is not so obvious, and many times in technology, if you want to displace an incumbent (which would be bitcoin in this case), then you need to be clearly and unambiguously 10x better than the incumbent, and I doubt you would argue that Monero, Ethereum or any other shitcoin is actually 10x better than bitcoin... so it has to be that level of clarity (in the ballpark of 10x) in terms of how much it is better... otherwise the incumbent is going to continue to build and gravitate value and to grown market share greater than all of the rest, in terms of the seven network effects outlined by Trace Mayer.

And just a little side note in regards to that piece of crap, ethereum that you mentioned, there really is no clarity about how many coins were premined.. so a pretty big gap in the supply, and POS is really dumb in compared with Bitcoin's POW innovation that really brings it a lot of strength in terms of sound money that really cannot be fucked with.

lastly you can always earn Bitcoins once you have a solid knowledge of it .you can even earn Bitcoins indirectly by teaching others or even running a local exchange and lots more. so newbies out there do not rush into buying Bitcoin without first understanding  Bitcoin which can even be done by engaging in important discussions on the forum expecially those of experts and experienced investors. remember knowledge is power.
How could we earn bitcoin by teaching others? Whether that will be without investment? Bitcoin is not knowledge itself. Bitcoin is a coin just like other coins,

It sounds as if you do not know about bitcoin.

Bitcoin is not a coin just like other coins merely because it has "coin" in its name.

Shitcoiners likely to make such dumb assertions that bitcoin is just the same as other coins, and then that way the shitcoiners can pump their shit and mislead you into thinking that you need to diversify your portfolio into shitcoins... which surely is an ill-informed approach, especially known more by those who actually come to learn bitcoin better, whether they end up going through a shitcoin phase first or not...

Going through a shitcoin phase is not a prerequisite in order to learn about bitcoin, even though a lot of folks do got through some kind of shitcoin phase before they figure out that bitcoin is different.. and that bitcoin is the one that should be learned first in order to lessen the likelihood of getting sucked into bullshit and distracting pump and dump nonsense that is part and parcel of the shitcoin scene.

the more its hype is due to the way it is behaving.

Bitcoin is more than just market sentiment.  You might want to study a bit into what bitcoin is before you try to summarize bitcoin as being market sentiment, even though there surely is some market sentiment, but you are not going to be a very good investor into bitcoin if you are using market sentiment to guide the way that you invest into bitcoin.  If you follow market sentiment, you are likely going to end up getting reckt and not having hardly any (if any) grounding in terms of actual bitcoin knowledge.

If we don't know about bitcoin,

Through your own words, you have already shown that you don't really seem to know much if anything about bitcoin.

we can't trade in the manner that should be needed for it,

Sure, you can trade and fuck around with shitcoins, but it is not a good idea to be trading and fucking around with bitcoin, unless you want to get reckt.

With bitcoin you should just be figuring out ways to ongoingly accumulate it and also to make sure that you figure out ways to secure your stash.. as you might be attempting to reach target levels of accumulation.. which could take 4-10 years or more to reach depending upon from where you might be starting and if you are able to lump sum into bitcoin versus more common ways of dollar cost averaging and buying on dips.

also we have to know about more traders' experience. Trader's experience comes from other top traders, we should know about them in different discussions, and engage in those.

Fuck traders.  That is a specialty field.  Not very many traders actually make money, and it is not very smart to just jump into trading if you think that you want to make money, unless you learn that kind of a specialty, and you surely do not need to learn how to trade in order to figure out how to accumulate bitcoin and to invest into bitcoin... unless you are just trying to lose money, entertain yourself and/or gamble, which might be all fun and games until you might spend several years of your life fucking around with that kind of fun and thinking that you are going to get rich when in fact you end up making no progress or getting anywhere and when you should have had been taking a more prudent and practical approach, especially when it comes to bitcoin .. which is likely one of the best (if not the best) investment assets that have ever come available.. and hopefully you are not so dumb as to waste a good opportunity by getting overly greedy and failing/refusing to take a more practical approach with such a great asymmetric bet to the upside (namely bitcoin).
2410  Economy / Speculation / Re: Buy the DIP, and HODL! on: October 07, 2023, 12:58:43 AM
You gotta be careful trying to spend too much time trying to persuade others to buy bitcoin when they do not understand and/or appreciate bitcoin's investment case irrespective of what you are doing yourself and what you are telling them.  In their minds, they believe that you are the crazy one.
Yeah, it might sound a bit harsh, but it's pretty silly when we try to convince others, especially when it comes to investing. Nobody can predict the future. We're actively involved in the market, which makes us believe in the potential of Bitcoin and cryptocurrencies as the future.

I am ONLY talking about bitcoin.  Fuck shitcoins and the vague and non-specific idea of cryptocurrencies.. whatever that is supposed to mean.

If you do not make it clear that you are talking about bitcoin, then some people are going to think that you are talking about shitcoins, especially if you are mixing up your terms and making vague references to cryptocurriencies, in which an overwhelming majority (if not all of them) are either scams at worse or just deserve a presumption of being a scam, at best.

In other words, presume all projects that have its own coin/token that is not bitcoin to be a scam.... there might be some limited reasons to invest (or gamble with shitcoins), but hopefully it is less than 10% of the size of your bitcoin holdings that you would use to fuck around with any shitcoin.

However, many people outside this market don't even understand what Bitcoin is, so how can we expect them to have faith in it?

That's true... even people who are in bitcoin might not really understand what bitcoin is, and surely shitcoiners are people involved in shitcoins/cryptocurrencies and those who use vague descriptions, such as "crypto" or "cryptocurrency" likely to not understand bitcoin enough in order to be more clear in their chosen language...and their chosen ways to make sure that they are being clear about bitcoin as compared to any reference(s) that they might want to make to shitcoins, if it is even relevant to the at-the-time discussion.

Those who want to understand will do so on their own. Trying to persuade others to believe in our views is just a waste of time and not very wise.

It does not hurt to talk about bitcoin from time to time and even mention it from time to time, even if many people who might be friends or relatives might not be interested in terms of hearing about bitcoin.. but sometimes, it might be helpful to mention bitcoin from time to time when it is relevant and even maybe saying.. bitcoin fixes this.. from time to time, as long as you are able to back up what you are saying in the even that they might ask any questions.

-snip-
I don't mind if you disagree with me. 

We have more interesting discussions if people do not necessarily agree and if they are trying to make points that they really believe to be true.. so which part of what I said is disagreeable?

I know that mistakes can be made.. so if someone buys BTC and tries to secure BTC for the long run and they are in bitcoin for several years, maybe even a couple of cycles, so they have a lot of money, maybe even 20x profits, but if such longer term BTC HODLer/accumulator person does not know what they are doing, then they may not end up making any money from their having had been in BTC because they screwed up their ways of securing their bitcoin.. is that where you are disagreeing with me? or something else?
No..no, wait a minute, You have to look at the points I have bolded in your post. I mean, buying bitcoin and holding them for the long term is a profitable approach for investors or holders, but it will not be profitable for bitcoin. Am I interpreting it the wrong way?

I completely agree that a long term holder still may not be able to make money from their investment if they they screwed up their ways of securing their bitcoin. But that's not something I disagree with in your post and I already explained it in the first paragraph.
… but not profitable for Bitcoin.

It’s this statement that I feel drawn too, falconer are you saying holders essentially minimise the utility of Btc and this is what is not good for BTC? This is one topic I don’t see talked about much, it’s in my list of I need help understanding this.

You may be caught up in Keynsian propagandistic ways of thinking in terms of believing that the money has to circulate in order to have value, but the fact of the matter is that Gresham's law is going to apply whether normies realize that they are doing it or not..... so people are going to tend to spend their least valuable money/assets prior to their more valuable assets/money, but it does not mean that they are not going to spend their bitcoin, especially if they have run out of other assets/money to spend and they need to eat or they need lodging or they want to have a new Iphone 15.

There are likely always going to be some people providing liquidity to the market, even if there might ONLY be 500k bitcoin circulating and 20.5 million in cold storage.... whatever circulating may well have to circulate a lot more... until the price goes up enough for the HODLers to decide to use it.. and yeah you are suggesting that there needs  to be incentives for sellers to even build infrastructure in order that someone will be able to sell their bitcoin in the event that they are wanting to sell their bitcoin.. ,so it won't do them any good if no one accepts bitcoin.. or there are no places to sell their bitcoin.

… but not profitable for Bitcoin.

It’s this statement that I feel drawn too, falconer are you saying holders essentially minimize the utility of Btc and this is what is not good for BTC?
so perhaps holding doesn't affect Bitcoin instead it makes the price to increase the more
Technically your right my friend, but on the other hand holding will give it a store of value in which it, as it is now, will be utilized and traded for more usable currencies. If absolutely no one wants to trade, then the market is dead, and no value can be assigned to it. By calculation, price is given if a trade happens, and if no one place any trade order, there's no price. But in reality, it can't happen that way, there will always be a buy and sell order when it comes to Bitcoin. Even if no one wants to sell, a buyer is willing to raise the price so high for someone to sell and then the price will go up instantly. So, in general holding bitcoin can be of advantage to those who wants are patient enough to hold till the desire price they want and of disadvantage to those who wants quick profit and might end up Lossing it on the way.
We all seem to focus on the how holding bitcoin will be of advantage or disadvantage to bitcoin investors. My questions is what if all Bitcoin were sold what will be the faith of those who have been holding for quite some time now?
Also what if no one wants to buy at the price that was set, definitely the price would go down drastically. and if no one wanted to buy even after the order was placed, then the price would go down even more. till there will be no trade.

You make no sense Hewlet.

You seem to be talking about some kind of a shitcoin rather than bitcoin.

Sure you can hypothesize about extreme scenarios in which no one would want bitcoin and therefore the BTC price will go down, so even if what you are speculating about is possible it is not too likely to be the case, so why blabber out such nonsense as if bitcoin were some kind of a shitcoin when it is not.

Mostly likely you are typing such nonsense because you hardly have any clue in regards to what bitcoin is... so good luck with that.   Hopefully,  you bought some BTC just in case you are wrong about your fears of bitcoin's hypothesized downward spiral.
2411  Bitcoin / Development & Technical Discussion / Re: Can tail emmision be a soft fork on: October 06, 2023, 11:50:53 PM
FrankAndBeans the 4D Chess Player would love to spread that disinforming narrative. Don't tell him about this topic.

Someone is missing franky.   Roll Eyes Roll Eyes

Since you guys are talking so much about milli-satoshis and also the idea of being able soft fork for the purposes of a tail emmission, I just [edited out]
Wouldn't that be just "with the presumption" that a Satoshi would be worth at least a Dollar/near a Dollar? What value would that bring to the miners if a tail-emmission or an inflationary model, assuming it could get community consensus, would better incentivize the miners, immediately, after the fork?
I did not consider anything that I was saying to be related exactly to what dollar value that the satoshi might have, but sure there is a bit of a presumption that if more digits are needed, then the sub-units represented by those extra digits would likely need to have some kind of a value. .even if only fractions of a penny, just like a satoshi is fractions of a penny currently yet some folks using the lightning network believe that there is some kind of value in terms of adding three more digits to recognize 1/1000 of a satoshi,
Then why not simply use the Lightning Network?

I thought that we were talking about various ways that tail emission might be achieved and/or justified.. or justifiable as potentially something that might be a good thing... It may not matter that much what lightning network does as long as it is not incompatible with the main chain in terms of how many BTC had been recognized.. but sure, we might say, that we do not need more than 8 digits if we can transact on the lightning network for smaller units, but that still does not seem to address the 2048 issue in which mining rewards will go down to 9 digits, and so should that value smaller than 8 digits be recognized or ignored?

I believe gmaxwell and achow should get in the topic and give us the plebs their opinions. I know someone will argue "Appeal to authority", no, it's merely asking and learning from the smartest people in the room.

You are using the expression "appeal to authority" with a kind of literalness that seems to devolve into nuances of incorrect usage, and sure no problem that we might want to have (invite) some forum members who better "know technical things" to chime in on this particular topic.. someone other than your good buddy, franky..

I'm very confused. Hahaha. Pardon me ser, I'm still learning. Plus no one else is posting, does everyone else understand or is everyone as confused as me?
🤔

No.  You are the only one in the whole world who is confused.

Sorry to mention it.
2412  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 06, 2023, 06:06:14 AM

That person is the worst liar that we have in the crypto-world. I remember another liar Balaji Srinivasan who predicted in March 2023 that Bitcoin would reach $1 million in 90 days.

Arthur Hayes is a pretty smart guy, if you ever heard him speak, and if you ever read any of his stuff.

Sure you do not need to agree with everything he says or his predictions in order to learn a lot from him.

There are a lot of people who I don't agree with, and they likely are not lying merely when they are wrong or they assign higher probabilities to events.. and surely there sometimes could be some hidden agendas too..
Well, he might be smart to some extent but this time he went really far with his prediction. Can you agree with his prediction that Bitcoin will reach $750k to $1M in 2026?

Doesn't sound unreasonable to me, except putting certainty on it...

In my investment ideas thread, on December 16, 2021, I had already made a post in which I gave odds of about 0.5%  that BTC would be more than $1.5 million in the last cycle.. which, as we know, did not end up happening... but I had already accounted for those kinds of supra $1 million prices as being possible in the last cycle.

And, I assigned $800k or above as having 2.5% odds...

So of course I admit that I hardly have any clue about where the BTC price is going to go, but if anyone is trying to predict both a date and a price, then they likely need to place it in terms of probabilities, and so sometimes, people will give a "base case" which they believe to be the most likely outcome, but even a base case might have the strongest odds, but it still might be only 30% or 40%, even though it is the base case and the scenario with the highest of odds in comparison to other possibilities still might have less than 50% odds.

Of course, most normal people do not either speak in terms of probabilities and even if they were to do that many people still would not even hear them in terms of what they had just said because people like to hear what is going to happen and what is predicted to happen, even though it may not even have high odds of happening.

Sure, there are people who actually believe their own predictions or they believe that various events provide a high level of likelihood or certainty to what they are predicting and people seem to prefer when people speak with conviction and confidence in regards to predictions. .especially if someone is holding themselves out as an expert or engaged in an interview... which the subject of price and predictions frequently comes up because people like to hear about those kinds of topics.

I really doubt that because it will not likely to happen that soon. I agree that Bitcoin has the protentional to grow even higher than $1M but 2026 is too early to see Bitcoin at that price levels. Let's say he's not a liar but still he's not right with his prediction this time because we all know that Bitcoin needs more community support and wide adoption as well as support from governments to reach that high price levels. If I'm not wrong then most of the governments will shift to CBDCs before 2026 which will make it even harder for Bitcoin to reach that price tag.

You are giving a lot of credit to the government being able to keep themselves in charge (or the appearance of being in charge).  I doubt that the government has as much control over the bitcoin price as you are making them out to be able to have in terms of their likely lame responses. and various problems that they have created for themselves over many decades.  It's not like they can fix the problem that they even put themselves into without somehow teaming up with bitcoin rather than fighting it.. but hey, they likely are going to have various battles and hopefully not too many of us bitcoin HODLers and/or activists end up becoming casualties of whatever bullshit hostilities that they choose to direct towards bitcoin.

I am not even anti-government, but I still can appreciate that dumb policies sometimes will come out from folks who do not really understand and when there are various kinds of desperation in society and in various governmental, societal and business systems that largely revolve around various historical abuses of fiat money systems... and yeah a CBDC would likely be another form of abuse, but not even necessarily working in their favor since bitcoin is already hear as a life boat and they might end up incentivizing more and more people to get on the bitcoin life boat if they take too draconian of measures... but yeah we will see.. I am not necessarily disagreeing that various CBDCs are going to be tried to attempt to rescue various sinking ships, but its not likely to even be close enough to either save them or that there is not even any strong evidence that bitcoin will end up being hindered (rather than accelerated by some of their possible draconian efforts which is likely going to vary from jurisdiction to jurisdiction even if more world emergencies also are implemented. shutting down of the internet, aliens, more viruses, etc.
2413  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 06, 2023, 05:13:46 AM

That person is the worst liar that we have in the crypto-world. I remember another liar Balaji Srinivasan who predicted in March 2023 that Bitcoin would reach $1 million in 90 days.


Arthur Hayes is a pretty smart guy, if you ever heard him speak, and if you ever read any of his stuff.

Sure you do not need to agree with everything he says or his predictions in order to learn a lot from him.

There are a lot of people who I don't agree with, and they likely are not lying merely when they are wrong or they assign higher probabilities to events.. and surely there sometimes could be some hidden agendas too..


 Not only gold mining - I saw a scar on the earth as I flew over the Apuseni mountains in Romania several years ago and I went down the rabbit hole trying to figure out what it was.  Turns out it was Europe's second largest copper mine - what a mess.

https://www.rferl.org/a/romania-sinking-village-geamana-waste-copper-mine/28436792.html

 ...and there's gold in them thar hills too!
 
https://www.rferl.org/a/thousands-protest-romania-mine-plans/25106921.html

 There's an ongoing legal battle over a the lost profits and interest on a few hundred tons of unrealized gold between a Canadian company - Gabriel Resources - and the Romanian gov't.  

And just think about it.. bitcoin is about 1,000x better than gold, and regarding copper, it may well have more utility value than gold.. even though gold does have some utility value..so it won't be going to zero, and it may well retain a bit of its monetary value while bitcoin is eating its lunch and reaching fair market value that is 1,000x more valuable than gold.. or maybe even more than that.. but could take 20-50 years to play out or maybe even 150 to 200 years to play out.
2414  Bitcoin / Bitcoin Discussion / Re: Halloween inspired poll –would your Bitcoins get passed on if you suddenly died? on: October 06, 2023, 05:02:16 AM
There is a unpredicted end for our existence on the planet and while none of us knows when it will occur, if I were to pass away right now, my coins would be lost because I have not yet told any of my family members what coins I have or where they may locate my private keys in the event of the unthinkable.

Since tomorrow is not certain for any of us, after today, I believe that by tomorrow, I will do everything in my power to tell a close family member where I placed my seed phrase in case I pass away before my time.
You don't necessarily need to tell them.  Maybe you have one or two locations that you keep important papers, and you might tell them about the location of the important papers.  Also another thing is sometimes it might be problematic to put everything in one place, so it is not necessarily a good solution to reveal too much.. but yeah, if you trust them, you might give them the location of your papers and maybe even have your key divided into 2 or 3 parts and they would know how to put that back together.. again..
This is what I did applied recently mate , because in the past i have told several people that closest to me about my investment and my keys in which I wrote here
There are no certain for me if what will happen to my Bitcoin incase i died on the spot now since i have limited person told about this.
But at least i am confident that they will follow my instruction and will also continue my legacy here in cryoto.
Not only for me but for the people i love the most.
Dying is part of us and no one can hide from that but at least the remaining living will enjoy what we have tried to risk and spent time here.
But as years passed by and now I am more educated , I do what you have said here , divided my keys into  3 and yes put them in different places where my important things being placed , and each of them was told of what important things they might find if ever something happened to me , of course with note attached that they need to be combined in order to get that funds , and since they are my family so I care nothing about what they might do even when I am alive  because those funds is literally for them .

Don't blame me if you end up screwing it up.

because I have split mine into three, but I have several places that I have put them in terms of having more than one copy of the threes, so that if the house burns down there is a back up.. so you might have a more than one set of three that are in 2 or 3 locations.. .. so that if you lose any one part, you are not screwed.

 I know it is a lot of work, but you don't want to lose one of the three parts and then you are totally fucked because you don't have enough information to get at the keys. 

For sure there are a few ways to screw things up by providing too much information, by not providing enough information and then also by having your keys vulnerable.. and no one knows if their house is going to burn down (for example), but if all of the keys are in the house that burns down, or even if ONLY one of the three parts of the keys is in the house that burns down, then hopefully you have a back-up of that lost key somewhere (that did not simultaneously burn down) in order to still be able to get access to your coins.
2415  Economy / Speculation / Re: Buy the DIP, and HODL! on: October 06, 2023, 04:54:28 AM
Although some of them think that Bitcoin is too expensive, it is a stupid mistake that they have thought. I had a chance to chat with several people where I live discussing Bitcoin investment. But they firmly said that Bitcoin was too expensive for us and we were no longer very interested in Bitcoin investment. I explained in detail but they still answered like that. Can any of you provide stronger encouragement for me to convey to them that Bitcoin investment is the best investment at the moment and does not measure the price because Bitcoin supply is limited. Maybe I'll wait for your explanation.

However, I still adhere to my stance that I will continue to accumulate Bitcoin at every stage because I don't really care about empty talk from out there. Because we will take advantage at some point in the future for what we have done in investing in Bitcoin. They are stupid not to learn and even more stupid not to invest in Bitcoin.

You gotta be careful trying to spend too much time trying to persuade others to buy bitcoin when they do not understand and/or appreciate bitcoin's investment case irrespective of what you are doing yourself and what you are telling them.  In their minds, they believe that you are the crazy one.

I frequently tell people that everyone should get at least a little bit of bitcoin and even start out with a small amount, and even if I know them well enough to know that they could easily afford $100 per week, I will tell them that $10 per week is better than nothing, even though they should be spending $100 per week.. but whatever, they have to do what they want or what they believe is right for their own situation.  And, sometimes, I will also suggest that even though it is good to get started with some kind of bitcoin buying routine and even to commit to 4-10 years, I don't really give any shits about what they do .. it is their choice.  I will tell them that they probably will end up buying bitcoin later, but it is likely going to be at a higher price.. but whatever, at this time they believe that it is not going to help them, even though it is a great hedge against a lot of the injustices in the world in regards to the governmental abuses of power in connection to the money printer and the ongoing degrading of the money, which they cannot do to bitcoin and bitcoin will benefit from the government's ongoing desperation to print money and their irresponsibility.. and bitcoin does not do those kinds of things.

You can also ask them questions about their own investments, but also that might not help and frequently people do not like to talk too much about their financial details, but sometimes if you can frame the question in delicate ways in which you are not necessarily asking specifics, then at least you might have some ideas about what they invest into, if anything.. or if they are just struggling and they hardly have any extra cashflow, even if they do seem to go on elaborate vacations a couple times a year... and of course, those are choices that people make.. in regards to how much they are spending and if they could end up saving/investing more than they do.

[edited out]
I completely agree with your observation that choice of historical data can significantly impact the assessment of Bitcoin's correlation with other assets, as different time frames can yield varying results. In this context, I might be mistaken but I think the time frame from 2015 to 2021 holds particular significance, as during this period Bitcoin became well known through the media and prominent financial companies like MicroStrategy invested in it, which led its value skyrocketing.

While I could be wrong; it seems that the ongoing unfair advantage of Bitcoin over other asset classes is a significant factor that makes it an attractive investment today. this trend is likely to continue until Bitcoin reaches a more substantial market cap, perhaps $5 trillion or more, which would contribute to its stability as an asset and reduce volatility.

I still believe that you are underestimating bitcoin's power, and bitcoin already reached more than $1 trillion market cap last cycle, which was around $55k.. so if bitcoin gets to around $280k, then it will be a $5 trillion market cap.. and about 1/2 of gold's market cap.. so many folks already know that bitcoin is better than gold and the fact of the matter is that bitcoin is likely 1,000x or more better than gold, but I doubt that gold is going to completely lose its market cap, so there could be a variety of ways that bitcoin reaches some of its fair market value by getting to be 1,000x the price (market cap) of gold, yet it could happen in 20-50 years or maybe it will take longer, even 150-200 years to get to that kind of relative pricing.

Anyhow back to my assertion that bitcoin is not a mature asset class or a mature value, and in that regard, you are underestimating bitcoin if you are merely considering that it will go up 10x from here and then stabilize, when ONLY about 1% of the world's population is actually invested into bitcoin at this time, and perhaps even those who are invested into bitcoin do not even realize the extent to which they are underinvested into bitcoin, so bitcoin is still a very immature market and there are still a lot more people to come into bitcoin, and network effects and even metacalfe principles are going to continue to justify that BTC values (and prices) continue to go up exponentially with the playing out of those kinds of networking effects and metacalfe principles.
2416  Bitcoin / Bitcoin Discussion / Re: It is only Bitcoin and nothing else on: October 06, 2023, 04:21:22 AM
There is a power within compounding and exponentials... so if the BTC price is going up through the years, and maybe not very clearly over a few years, but over a cycle or two, you are able to see a kind of stablizing and building upon itself in such a way that after a certain passage of time, it becomes quite difficult to push the BTC price below certain price points. 
With all the experiences you have shared, of course it is in accordance with what I said before, where holding BTC for a long period of time promises greater profits. Because it is based on several interesting things regarding the future development of Bitcoin, be it mass adoption or lots of positive news that can make Bitcoin prices rise significantly.
Easier said than done.  Unless you have a lot of confidence in your various other investments (so I guess I am speaking towards diversification.. but not into shitcoins), it can be quite difficult to see your investment go up 50x or more, and sure I am not even claiming my own to currently be up more than 27x, since I like to use $1k as my average cost per BTC... .. and so you can imagine  that at some point there's gotta be some shaving off, and figuring out how to deal with the volatility without screwing things up.. ....
No, I'm not interested in the word diversification. You seem to imagine that it will be very difficult for us to achieve large profits in the coming years.
I think that you took my points differently than I had intended because I was mostly attempting to describe the various challenges in investing into BTC and also holding for the long term... so "easier said than done" has to do with how difficult it can be to HODL or keep buying or to just have some solid strategies (that could even include some selling on the way up and buy on the way down), especially when profits can sometimes seem to become so great so quickly.
I understand what you have explained, moreover, you explain it in stages which is very easy for us to understand. Yes, sudden profits are indeed a temptation for us to take them, but that is a trial that we must pass if our planning is to hold out in the long term. But I admit that there are many strategies that make us confident to hold on for the long term, one of which is profits that are multiples of the profits that are coming now. Of course that motivation is what makes us optimistic to continue to focus on accumulating Bitcoin at every stage. Our motivation grew to hold Bitcoin for a long period because of several facts that we saw. For example, you, you bought BTC in 2013 and held your BTC holdings for a long time, of course if you look at the profit ROI, of course you have made profits that you didn't expect before.

Therefore we want to follow your lead in continuing to hold Bitcoin for the long term. Moreover, the halving will occur next year, Bitcoin will automatically increase in price if you look at the history of the halving 4 years ago. There is no more effective strategy than DCA which we have implemented. Maybe one day we will start with larger capital if we get money from bonuses where we work.

Well yeah.. you can just keep plugging away, so each person is going to have differing goals.. and so maybe since you have been in bitcoin longer, you might have had been able to accumulate more bitcoin than some others who are brand new to bitcoin, and some guys might consider that they would like to get to 2 BTC in the next 10 years.. and so along the way they might have several targets, such as first reaching 1 million satoshis.. then reaching 21 million, then reaching 50 million.. and then 1 BTC.. and then 1.5 BTC and etc, etc. etc...

so like you mentioned, there could be times in your life where you end up getting some extra cash come your way.. such as $2k that you did not expect, and maybe you decide you are going to use $1,200 to buy bitcoin and then you have some other personal plans for the other $800.. but your level of aggressiveness and consistency can pay off, and if you clearly consider yourself in an accumulation phase, then you should not be wanting to engage in behaviors that might be screwing up your plan.. but you also don't want to act so aggressively that you have not adequately planned various expenses in your life.

Another thing with bitcoin price dynamics, the longer that you are in bitcoin, and if you are able to exercise prudent and reasonable practices, then you can surely engage in practices of buying on the dip or even shaving off a little bit of bitcoin at various points in which the BTC price rips UPwardly a lot.. and sure the BTC price might not correct back down, but if you figure out how to sell small amounts of BTC, then you should not necessarily be concerned if you ended up being correct or not about anticipating a correction.. and surely it is not easy to get ahead of the BTC price and that is frequently why some guys will refuse to sell any BTC at all while they are in their accumulation phase until they get to a certain level of profits and also a certain level of accumulation... so sometimes any sales of BTC will end up falling into a category of spend and replace within a fairly short period of time.
2417  Bitcoin / Development & Technical Discussion / Re: Can tail emmision be a soft fork on: October 05, 2023, 08:31:01 PM
You may well be correct, and maybe even the milli-satoshi on the lightning network is not necessary or helpful, even though it seems that some people already had decided to add such feature because they thought that it might be useful to add an additional three digits in order to divide satoshis into 1,000 pieces.
I presume the reason it exists in lightning, is that the 1 satoshi must be cut in several pieces, because nodes charging 0 sat base fee are attractive, and need to find an income elsewhere (i.e., variable fee). Transaction fees can sometimes be even 1 satoshi, so it's reasonable to have more flexibility with units.

Surely I am not going to claim to know if the satoshi might start to have enough of a value that it would be better to continue to recognize further subdivisions of it by the time that the mining reward splits in half down to such an amount that more digits become relevant.  2048 is quite a ways off, but I could imagine sats having a decent amount of value by 2048, even though surely we cannot have a lot of confidence until maybe we start to get closer to such date, and maybe there would become a kind of sense of necessity to be able to recognize value beyond 8 digits, especially if the accuracy of the mining reward might seem to justify it..
2418  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 05, 2023, 08:10:52 PM
A bit "whimpy", haha.

You are not going to get away with trying to point fingers to peeps who are even more whimpy, if such a thing is even possible.
2419  Economy / Speculation / Re: Buy the DIP, and HODL! on: October 05, 2023, 08:07:27 PM
-snip-
I don't mind if you disagree with me. 

We have more interesting discussions if people do not necessarily agree and if they are trying to make points that they really believe to be true.. so which part of what I said is disagreeable?

I know that mistakes can be made.. so if someone buys BTC and tries to secure BTC for the long run and they are in bitcoin for several years, maybe even a couple of cycles, so they have a lot of money, maybe even 20x profits, but if such longer term BTC HODLer/accumulator person does not know what they are doing, then they may not end up making any money from their having had been in BTC because they screwed up their ways of securing their bitcoin.. is that where you are disagreeing with me? or something else?
No..no, wait a minute, You have to look at the points I have bolded in your post. I mean, buying bitcoin and holding them for the long term is a profitable approach for investors or holders, but it will not be profitable for bitcoin. Am I interpreting it the wrong way?

I completely agree that a long term holder still may not be able to make money from their investment if they they screwed up their ways of securing their bitcoin. But that's not something I disagree with in your post and I already explained it in the first paragraph.

I started out in my response to your post by looking at the bolded part, and I did not see anything controversial with that statement and/or any disagreement between us..

so maybe we are not clear about what each of us is saying.

I had largely been attempting to say that the longer that you invest in bitcoin, then the more likely that your BTC holdings are going to be in profits in terms of their dollar value, and maybe your BTC holdings would go up and maybe they wouldn't depending on if you continue to buy bitcoin after your initial purchases... . but the mere fact of buying and holding bitcoin for a long time is likely to put you into profits, especially if that is all that you do with your bitcoin.. as contrasted with trying to trade them.

So I was largely just elaborating on the expression "time in the market is better than timing the market."
2420  Economy / Speculation / Re: Buy the DIP, and HODL! on: October 05, 2023, 07:34:09 PM
-snip-
We are not talking about trading in this thread, so trading may well not be a way to have any honeypot with bitcoin especially since the vast majority of traders suck and historically buying and holding bitcoin has proven to be a quite lucrative approach to bitcoin and there is no real evidence that buying/holding has changed as a good approach to bitcoin.. which you seem to somewhat understand from the contents of your post... in which you are recognizing the current period as a likely dip period.
I agree with 99% of your opinions, but 1 percent of them don't. I mean, it should be a profitable approach for investors or holders instead of bitcoin. I certainly know what you mean, but sometimes small mistakes can raise questions and lead to invalid understanding.

So far I have avoided trading as much as I can, it is the reason why I was able to invest and become a holder. From experience, trading sucks and it has dashed many of my dreams just because of lack of emotional control. Of course I don't want to discuss further about trading, that's just a discussion that is not good in this thread. Come back to the topic.  Wink

I don't mind if you disagree with me. 

We have more interesting discussions if people do not necessarily agree and if they are trying to make points that they really believe to be true.. so which part of what I said is disagreeable?

I know that mistakes can be made.. so if someone buys BTC and tries to secure BTC for the long run and they are in bitcoin for several years, maybe even a couple of cycles, so they have a lot of money, maybe even 20x profits, but if such longer term BTC HODLer/accumulator person does not know what they are doing, then they may not end up making any money from their having had been in BTC because they screwed up their ways of securing their bitcoin.. is that where you are disagreeing with me? or something else? 

Another thing could be that past results does not guarantee future results, so I know that, even though I did not say it.. but frequently we cannot necessarily say all things inside of each post, even though from time to time, I try.
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