If I had an "extra" house, I could have sold it in 2016 too as I was trying to invest as much as I could (within some strict limits), but selling the house where I live-you have to be a bit more adventurous-like the Taihuttu dude (he sold the house when btc was $900, became a nomad with his whole family).
In any case, selling a live-in house to try to gain a bit of leverage is probably beyond most people. I have seen a couple reports like this, but usually it was a second house of a house that was inherited.
Well, it's certainly beyond most people today since house prices are no longer affordable for the vast majority of the population. Being born at the wrong time and to the wrong parents is a common mistake these days. |
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Just had a thought, and i wonder if any drafting the legislation have thought of it, what would happen if we have another hard fork, which Bitcoin chain would be considered legal tender? Same way they would have worked out which one to pick from the previous fork in 2017. Firstly, the one that retains the name Bitcoin, and secondly, the one that isn't full of a bunch of a stupid idiots. |
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Not that I'm saying they're wrong but ark is really just a flavor of the month fund. They rose to prominance quickly and have gone to shit quickly as well. I don't think much of their analysis or their fund. On another note the almost perfect correlation with the stock market absolutely sucks, if anything brings us down well into the 20s it will be this. Stupid of course, but if anything we've learnt over the past 2 years it's that this world is full of stupid. I hold out hope that one day people will realise that BTC is the solution to all crap and then rather fleeing to the USD (lol) they'll flee to BTC. |
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How much UP movement in BTC price does it take before you personally are going to start to believe that the bottom for this particular correction is "in"?
[...]
Here are the response options:
1) Already enough UPpity to proclaim the bottom is "in".
2) Getting above $38k for more than a few hours will be enough
3) Getting above $40k
4) Getting above $42k
5) Getting above $46k
6) Getting above $50k
7) Getting above $55k
8.) Getting above $62k
9) Getting above some other price level not listed above (and perhaps some additional criteria?)
[...]
I would go for (6). I feel that getting above $50k would be enough to swing the short-term trend (and not only the spot price) upwards. Mind you, this does not mean that there won't be a deeper dip before this happens. I will not be surprised if price dips in the high-$20k region. I will start to get a little uncomfortable if it dips any lower, i.e., low-$20k or even high-$10k regions, but I don't expect it to get there so easily. I think Vegeta is dead and disintegrated by now, and no magic can wake him up. Ever. So, to sum up, my expectations are another dip, maybe low-$30k down to high-$20k, and then slow, ant-sized UPpity movements, with the occasional step-function green dildo jumps, taking price up to the $50k region and beyond. Hopefully, it will never dip below $50k after that. If this gets combined with some good FOMO action and some big players making positive moves towards Bitcoin, I can even see price reaching 6 digits within the year. It's probably going to be a somewhat slow and long journey, certainly longer that what PlanB's S2F model led many of us to expect, and that's OK, since no one can really predict what's going to happen with absolute certainty in these kinds of non-deterministic systems, at least in the short term, like the time scales we're talking about here. It's a lesson for us all, never to fully trust prediction models, that are essentially curve fits of past data, and expect them to also fit the future. Extrapolation can be deceptive more often than not, and can bite you more often than it can help you. What really matters is the long-term trend, and that is clearly UP. That highlighted sentence is all one needs to know, to not worry about any short-term noise. tl;dr: HoDL.I don't think those deeper dips will happen either. STHs do not have the quantity of coins like they did after the 2017 run and going off the illiquid supply they have already sold off a lot of them. To get down to those deeper levels would require LTH selling, and right now we are not getting that, we actually have the opposite. 50k sounds about right to me as well. Sure, those deeper dips that I mentioned may never happen, and I hope they won't. I just outlined a worst-case scenario that I will not be surprised to see happening. But things can turn out to be much better than this. In any case, I don't think there's anything that can make a hardened LTH sell any amount of corn at these prices. If anything, it's an opportunity to buy and stack more sats, which is something I'm seriously considering lately, even though I feel I have already reached my corn amount target (can this even be said?)! You can never have too much corn. I reckon we need an event like march 2020 for a big dip, LTHs did sell that I think, but the only reason they have really sold other than that is because prices went high enough. Of course anything can happen, I just prefer it to be in the up direction. |
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How much UP movement in BTC price does it take before you personally are going to start to believe that the bottom for this particular correction is "in"?
[...]
Here are the response options:
1) Already enough UPpity to proclaim the bottom is "in".
2) Getting above $38k for more than a few hours will be enough
3) Getting above $40k
4) Getting above $42k
5) Getting above $46k
6) Getting above $50k
7) Getting above $55k
8.) Getting above $62k
9) Getting above some other price level not listed above (and perhaps some additional criteria?)
[...]
I would go for (6). I feel that getting above $50k would be enough to swing the short-term trend (and not only the spot price) upwards. Mind you, this does not mean that there won't be a deeper dip before this happens. I will not be surprised if price dips in the high-$20k region. I will start to get a little uncomfortable if it dips any lower, i.e., low-$20k or even high-$10k regions, but I don't expect it to get there so easily. I think Vegeta is dead and disintegrated by now, and no magic can wake him up. Ever. So, to sum up, my expectations are another dip, maybe low-$30k down to high-$20k, and then slow, ant-sized UPpity movements, with the occasional step-function green dildo jumps, taking price up to the $50k region and beyond. Hopefully, it will never dip below $50k after that. If this gets combined with some good FOMO action and some big players making positive moves towards Bitcoin, I can even see price reaching 6 digits within the year. It's probably going to be a somewhat slow and long journey, certainly longer that what PlanB's S2F model led many of us to expect, and that's OK, since no one can really predict what's going to happen with absolute certainty in these kinds of non-deterministic systems, at least in the short term, like the time scales we're talking about here. It's a lesson for us all, never to fully trust prediction models, that are essentially curve fits of past data, and expect them to also fit the future. Extrapolation can be deceptive more often than not, and can bite you more often than it can help you. What really matters is the long-term trend, and that is clearly UP. That highlighted sentence is all one needs to know, to not worry about any short-term noise. tl;dr: HoDL.I don't think those deeper dips will happen either. STHs do not have the quantity of coins like they did after the 2017 run and going off the illiquid supply they have already sold off a lot of them. To get down to those deeper levels would require LTH selling, and right now we are not getting that, we actually have the opposite. 50k sounds about right to me as well. |
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Yesterday I saw a video on Tiktok from this Pablo guy (thinks he is Bitcoin Jesus). He is saying that Michael Saylor bought almost all of his Bitcoin in leverage, that he is only the CEO of Microstrategy and that if the others want, they can panic sell all Bitcoins without MS agreeing to it and that he lost trillions in the dot com bubble. I was always suspicious about Michael Saylor, but then again, I never trust rich people.
I have no clue about all this and wonder what you all think about this? Will MS be the new MtGox who will cause the next Bitcoin crash at some point?
A man on the internet (ie a random fuckwit) said "any old shit" so it must be true. As Jay said just sell all your coins now you don't need an excuse But it wont make you any less stressed out as your fiat will have devalued 30% over next 4 years while you will never afford to buy those bitcoin back. DYOR on MSTR the NASDAQ listed company. Men this place has become so toxic. It was just a question of what others think. But the bashing was predictable. Jay is on my ignore list for a long time already so I ignore his toxic bs... Only a handful members are worth reading their posts nowadays... Seriously though, there's this saying that goes "verify, don't trust" that applies to people on TikTok too, actually it applies to anything anyone says. |
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Muh Hedge against inflation
Actually, if you count the inflation from 2017-2022, you'll realize that BTC at the current price is almost close to the $20k ATH of 2017
Dogshit fartcoin with the worst performance of almost all cryptos and stocks if you hodled it since December 2017 (you know, 4yr+ ago)
It is an invalid comparison, 2017 peak to random price just happens to be now. Peak to peak or 200 week moving average or low to low are better comparisons. All these measures outpace inflation by multiples. I'm pretty confident this will continue and have my buying shoes on right now. The shitcoins are taking a pretty big hit right now, making Bitcoin almost a stablecoin in comparison. It is lovely seeing BCash at 0.0079. All those fools that followed Roger must be feeling pretty fucking dumb right now BCash doesn't shit me, It was more a difference in opinion thing and the correct opinion is obvious now. BSV though, that is some filth you want to see get destroyed, it's like a cult led by 2 psychopaths, both criminals with one a fraud. BSV was a clown show from day one and never any threat; BCash proponents knew just enough and manipulated just enough to be dangerous Well I just think Faketoshi and co are far more nasty people. BCash were just deluded and never had a chance. |
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Muh Hedge against inflation
Actually, if you count the inflation from 2017-2022, you'll realize that BTC at the current price is almost close to the $20k ATH of 2017
Dogshit fartcoin with the worst performance of almost all cryptos and stocks if you hodled it since December 2017 (you know, 4yr+ ago)
It is an invalid comparison, 2017 peak to random price just happens to be now. Peak to peak or 200 week moving average or low to low are better comparisons. All these measures outpace inflation by multiples. I'm pretty confident this will continue and have my buying shoes on right now. The shitcoins are taking a pretty big hit right now, making Bitcoin almost a stablecoin in comparison. It is lovely seeing BCash at 0.0079. All those fools that followed Roger must be feeling pretty fucking dumb right now BCash doesn't shit me, It was more a difference in opinion thing and the correct opinion is obvious now. BSV though, that is some filth you want to see get destroyed, it's like a cult led by 2 psychopaths, both criminals with one a fraud. |
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You've been here long enough to know that good news doesn't move the price, only FUD does that. |
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Vast majority of holders didn't buy during the very short period where bitcoin was 20K. The maximum stable price was 10K or so. Bitcoin spent virtually the entirety of 2021 above 30K.
In fact it was really easy to make a lot of money 2018/2019 BTC spent 7 months below 4k USD. That's enough time for someone to do a garage sale or whatever and buy BTC. In 2019 you had 3 months to sell above 10k, which would give would give you more than 200% profit compared to 2% inflation. If that's not a hedge then I don't know what is. If you bought the pandemic dip in 2020, you'd make 100% in 2 months. If you bought at the 2017 top and sold a few weeks ago you'd have +100%. The average return of a real estate investment is 5% a year so if you bought a house and rented it out you'd only have 20%, but with the worst trades you could get in the last 4 years (buying 2017 top and selling now in a downtrend) you'd still be up by 60%. Stamp doesn't leverage though.
I don't use them, but are you sure about that? SEN Leverage allows institutional customers to trade with leverage collateralized by bitcoin. It is powered by the Silvergate Exchange Network (“SEN”), which is used to fund loans and process repayments in real-time, 24 hours per day, 7 days per week. Bitstamp’s role, as Silvergate Bank’s first exchange partner, will be to custody and manage the bitcoin used as collateral.
Bitstamp already uses the SEN network to provide 24/7/365 account funding to eligible customers. We are excited to be working with Silvergate Bank to offer a product that will enable our clients to manage their bitcoin positions with more flexibility. No I am not sure about that |
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Stamp having some liquidity issues. Fat finger maybe  Nice short squeeze. Shows how little fiat is needed to push the price up when people trade on high leverage. Stamp doesn't leverage though. |
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Stamp having some liquidity issues. Fat finger maybe |
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You know what would be nice, a bounce. I've forgot what they are like. Ok, I'm again heavy loaded with Bitcoin.  Thanks for the dips and I have some little fiat left just in case BTC touches under $32k. Price down? No stress  I'd be surprised if it doesn't go below 32k today at this rate Yep, my bottom call from the other day was wrong, I think sub 32k at least temporarily is inevitable. The next few days are going to be a bit murky, after that I think we will be on the rise again Sounds reasonable, end of the week should be interesting. I see US markets are going down again, hence this dip into 33k. Yep, everything is eating shit waiting on the word from the USG as to what they're gonna do. Not sure why anyone gives a fucking damn cos they can't stop bitcoin but it is what it is. Just sit tight and enjoy? the ride If they let this go and it builds momentum they are going to be screwed when it comes time to turn it all around. Hmm, nasdaq gets a 70 point bouce of the lows and Bitcoin going down further. Some real panic selling happening out there. I'm expecting under 30k today, then maybe we'll get a small bounce. |
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Coins starting to come onto the exchanges now, LTH selling kicking in perhaps? Institutions selling to fund positions in the traditional markets maybe.
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You know what would be nice, a bounce. I've forgot what they are like. Ok, I'm again heavy loaded with Bitcoin. Thanks for the dips and I have some little fiat left just in case BTC touches under $32k. Price down? No stress I'd be surprised if it doesn't go below 32k today at this rate Yep, my bottom call from the other day was wrong, I think sub 32k at least temporarily is inevitable. The next few days are going to be a bit murky, after that I think we will be on the rise again Sounds reasonable, end of the week should be interesting. I see US markets are going down again, hence this dip into 33k. |
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You know what would be nice, a bounce. I've forgot what they are like. Ok, I'm again heavy loaded with Bitcoin. Thanks for the dips and I have some little fiat left just in case BTC touches under $32k. Price down? No stress I'd be surprised if it doesn't go below 32k today at this rate |
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A lil pump right into the $4xxxx area would be nice now... I don't think we're going to get much till Wednesday, and if the Fed has a dovish tone expect above 40k. |
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November 2021:"Make passionate love to me baby all day here in paradise!"  January 2022:"Hand job? Five bucks!"  Thank god I already have a wife. But you should admit it you'd like to screw the shit out of that hot lady and her juicy round ass...  Haven't seen ur wife though, perhaps she's even hotter... I absolutely would, and I'm even lucky enough to have a wife that would let me too. |
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The FUD about Ukraine is misleading as well, NATO has already "invaded" Ukraine long ago, the question is what Russia will do about it as NATO move closer to their borders and continues to provoke? Poetin wants to restore former glory of the Sovjet Union, the problem is Ukraine and the Baltic states don't want to be part ore annexed by communist cancer anymore so they seek help with the Western allies. Drums of war increasing everyday, Moscow is continuing to build up its military forces for a possible invasion after negotiations isn't getting anywhere. High stake poker are played, Russia don't want Ukraine to be part of Nato. U.S and European countries sending military support for Ukraine. Military equipment deployed in Belarus, Russia's ally. Alexander Lukashenko is another dictator spreading terror among his own citizens. The rest of Eastern Europe hates Russia especially Poland, they will never forget what those communists did during/after WO2. Sweden getting harassed, Russian submarines in their own territory, drones flying above nuclear plants, airports and even the royal palace in Stockholm. In response Sweden has moved more troops to Gotland island in the Baltic Sea. Majority of the parliament wants a membership of Nato military alliance but is holding back by left social democrats. Sweden has always been a neutral country that's why they are not part of Nato but if Poetin attacks one way ore another they will join. After all these years of securing power, bringing Russia out of its rut from the downfall of the Soviet Union, enriching himself to the level of a king. Why would Putin want to commit suicide by invading Ukraine? Yes he would not be happy about NATO gaining a foothold there, and I'm sure that is what he is trying to prevent, but starting a war would not only ensure that Ukraine becomes part of NATO, but also every other country in Europe, Scandinavia, etc. does as well. I don't think Putin is that stupid. And Russia's current Military capability is nothing like those of the Soviet Union. And the Soviet Unions Military might was grossly overstated as well. |
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November 2021:"Make passionate love to me baby all day here in paradise!" January 2022:"Hand job? Five bucks!" Thank god I already have a wife. |
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