There is an expression in bitcoin (and surely taken from the mere idea of what markets do), which is "The trend is your friend."  So even if we might not like what is going on, it can frequently be difficult to fight the trend, and sure at some point it is going to reverse, which is part of the reason that I personally do not even try to play around with figuring out which way the BTC price is going to go.. and so if the price goes down I buy and if it goes up I sell, and I have been doing this since late 2015 - yet at the same time, the amount of bitcoin that I sell on the way up tends to be such a small amount that it does not add up to be a large portion of my BTC holdings.. so I never run out of bitcoin to sell, and pretty much through the years, there has been a kind of maintenance of the stash going on.. .and an attempt to stay emotionally neutral to the BTC price direction, even though for sure I am better off if the BTC price goes up, while at the same time, since 2015, the BTC price has gone up and continued to go up so evrerything is good.. even when we might have relatively long dipping periods, the overall tendency is for the BTC price to go up, so in that sense verything has been good and continues to be good for anyone who makes his preparations in such a way that he is biased towards preferring UP.


I will agree with you that both in starting the pushups, when you were ONLY starting out by doing 20 pushups per day, there were probably the first few days that it made sense to NOT increase your pushups by too much while your body was getting used to doing pushups every single day.  But then after a while, your body starts to get used to it, and probably is able to do more and more pushups each day without suffering any kind of meaningful shock.

Also once you start getting above 100 pushups per day and you continue to add 1 pushup per day, the amounts do start to add up, and you might even have troubles doing it when you start getting into the mid-200s per day, even though surely your body would continue to build all along as long as you con't end up injuring yourself.


You should be creating official reports.. so that in a proper format, your current report should look something like this:

100k,Ricardo11,43,1763,2024-04-17  (looks like Tmoonz already mentioned this - I changed the date in mine to match Tmoonz, and of course, if there is any need for a correction, then Ricardo11 should update it to make it correct).


I am not sure how much of an effect the praying route will have, and even the specifics of $100k "very soon" seems kind of vague.   (looks like Tmoonz already mentioned this, too).


You probably have more than 2 options in order to figure out a way to attempt to stay consistent with doing your pushups, yet continuing to attempt to build.

You can also reduce the number of pushups per set..

There seems that there would need to be a kind of minimum number to keep doing in order to keep building, so you shouldn't want to go too light on yourself, and you want to do enough to feel that you are making progress...

And, yeah, if you started out by doing too many, it can take your body one or two days just to recover from the first day of overdoing it, so it can hurt a lot to continue or maybe you have to reduce more drastically than you thought, but there still might be somewhere along the line that you start to feel more ready, willing and able to increase the number of pushups that you are doing per set or the number of sets that you are doing.

But, yeah, making some adjustments seems like a good idea, especially if you think that you are not able to just maintain the same that you did.. and you might not even need to adjust as much as you might be thinking that you need to adjust, because sometimes a little bit of a tweak will be enough and your body will get used to it after a few days.. maybe even after a week or so.

I have already mentioned several times that I have a lot of pains, and there are times that I either completely don't want to do it, or even when I am doing it, I want to stop. but frequently I will just make myself do it.. and I think that the main thing is that I am not at injury kind of levels.. it is just various pains and sometimes just feeling that I don't have enough energy..


You don't need to do 100 pushups per day.  Sure it would be nice, but it is not necessary.

My first 10 days of pushups looked like this:

2/5/24   50
2/6/24   70
2/7/24   50
2/8/24   90
2/9/24   100
2/10/24   120
2/11/24   115
2/12/24   120
2/13/24   130
2/14/24   135

So I did not get up to 100 pushups until 5 days, but then I kept increasing the number of pushups and later expanded to 5 sets rather than 4 sets.

And you don't even need to look like me.. you can do even fewer and just see how you are feeling as you go.


That all sounds good... to find a balance in your quantities and spreading them out.. and yeah, maybe after a week or so you can reconsider if you need to adjust it again.. but there surely is nothing wrong with that, even if each set seems kind of small, your body is likely to get used to it.
 

For sure, in a thread like this, we are trying to talk about a kind of concrete action that any of us should be able to do, as long as we modify whatever quantity and frequency to our own circumstances... so yeah, there can be some similarities to bitcoin in that we can buy into bitcoin in accordance with our circumstances and perhaps build up a quantity of bitcoin..    


Your date formate is wrong.. .. it should look like this:

100k,Troytech,29,1620,2024-04-18


Of course, you would not have to do 200 at once, but yeah 200 in a day, and I am already tending to do more than 200 each day.. so I am not sure if I can do more (or if I want to do more, so I am not sure if I have any more physical or psychological will power in reserves to maybe throw in an additional set or two as compared to what I am currently doing.. it might not be worth it to push myself too much and then end up overdoing it).


Personally, I doubt that you are more healthy from cutting out meat.  You probably are having the opposite effect, depending on the quality of meat that you eat.  Yeah, if you are eating a bunch of junkie processed foods, then that might not be as healthy as if you were eating various quality meat products.


Of course, guys will just volunteer and report what they did and if they did anything extra.

Another thing is that the exact time of the halvening may well overlap the 19th and the 20th...and it is already appearing to be pretty damned close to midnight UTC.. so at the end of the 19th and the beginning of the 20th.. but yeah, that is UTC time.. so maybe it depends on your time zone in regards to what date you count.. or maybe would you change your pushups on the 19th in anticipation of the halvening or on the 20th after you know that the halvening had already successfully taken place (presuming that the halvening will be successful, as it has been so far in the previous 3 halvenings).


Your report format is wrong.

It should look like this:

100k,Tungbulu,3,302,2024-04-18

By the way, your earlier assertion that you are already having difficulties with 100 pushups per day does not make it seem to be a good idea to agree to do 200 pushups on halvening day... but whatever.. you can do what you like.

If our bodies are not necessarily young, and so if we do pushups throughout the day, there may be 3-6 hours between sets.. and depending on if there are 3 or 5 sets in a day, or maybe even more, but I have personally found  5 sets in a day scattered through the whole day to be helpful to be able to carry out the task, including that there continues to be a lot of soreness when adding this kind of activity to a routine and maybe either we had not been doing this kind of activity or that some of us are not very young, so there can be issues with recuperation time.. some older folks might have to start with just a couple sets per day, but then it probably still could be good to try to do something like 5 sets throughout the day, and just trying to figure out how many pushups per set are manageable to balance the soreness, the recuperation time and strength to do more pushups without injuring oneself or overly exhausting ones whole system (including psychology).


Another thing is doing pushups every single day for 100 days or more. The strategy needs to be more careful in order to not wear ourselves out and to be able to keep doing them day after day after day, and if we overdo how many pushups at a time or put them all together in quick sessions, we may well cause ourselves to become too sore, even though sure maybe some younger members are going to be able to accomplish those quick short sessions without having problems in being able to continue to do them day after day after day.

There is nothing wrong with getting mad at forum members who say dumb things, and part of our way of learning may well come through interaction and pointing out how dumb some members are in terms of their presentation of ideas, especially when they either convolute bitcoin with shitcoins or they act like they know what bitcoin is, and they are ultimately spreading misinformation that convolutes bitcoin with shitcoins..

Your suggestion to learn through AI comes off as very short-sighted, since people still should be engaging in their own critical thinking rather than having information fed to them, which information may well not be as accurate as you might believe it to be, unless you understand its sources, so I doubt that we should expect people to be saved from their own dumbness through AI tools rather than needs to think for themselves and preferences to engage in critical thinking in order to be able to sort between good information and bad information, which truly there are a lot of ways that people can become confused in their lack of understanding of bitcoin through the convolution of shitcoins within the mix and the framing.

You used the term incorrectly.  Being indifferent means you are not emotionally attached.. so you don't care.  So an indifferent person would not sell when the BTC price is going down, but an emotional person would sell when the BTC price is going down.


Selling merely when BTC is profitable is not ONLY a bad approach to bitcoin, such a practice of selling merely for dollar profits is not investing, it is trading.

People can do what they like, but trading seems pretty dumb with such a great asset such as bitcoin, especially when bitcoin seems to have so much bias  to the upside, so most people should be attempting to take advantage of bitcoin's upside bias, instead of thinking in terms of short term profits that involves trading.

At the same time, if someone invests in bitcoin and they get nervous about whether their investment is going up or down, then maybe they should invest less so that they are not so worried about it, including that they will be able to establish a kind of emotional fortitude to be able to hold 4-10 years or longer.  For sure, the less that is invested, then the more the BTC prices would have to go up in order to enjoy meaningful profits (and meaningful options).    Accordingly, each person has to figure out how aggressive that s/he is able to be with his/her bitcoin investing without getting overly nervous about whether it is going up or down in price/value.. which I would not pretend to be an easy balance since any volatile asset can create nervousness, even for people who have already developed a great profit cushion in their holdings.

I would suggest that some of the main differences between managing risk in bitcoin versus shitcoins is:

1st the ability to invest long term in to bitcoin versus having to think about when to get in and when to get out of shitcoins,

2) of course, shitcoins are correlated to bitcoin so you are largely just adding another level onto bitcoin, so bitcoin has to be successful before any shitcoin even has an ability to pump

3) bitcoin can still go to zero, so no one should be implying that there is no risk in bitcoin, so the way to consider your bitcoin is that you could lose everything that you invested, yet there is such a decently valid possibility to earn to the upside that you can weigh against the possibility to go to zero so that you can adjust your bitcoin position size to attempt to account for both sides of the possibility spectrum - which means, don't invest any more than you can afford to lose..

4)  it takes a long time to build a decently sized investment portfolio that is largely allocated with bitcoin that might even start out with relatively modest allocations of bitcoin, and the bitcoin may or may not end up growing faster than any other allocations that are in the investment portfolio (not referring to shitcoins and there is not really any need to diversify beyond cash and bitcoin when first building your bitcoin investment portfolio).. yet at the same time, if you are nervous about the size of your bitcoin holdings, then you likely need to take some out from time to time while realizing that taking out of bitcoin is likely going to impair how large your overall investment portfolio grows, so those allocation decisions are trade-offs that come while you are invested into bitcoin and you figure out along the way (and also having plans in advance that you may tweak along the way, too).


Don't be so simplistic. 

There is no rule that bitcoin has to go down when approaching the halvening, and it does not even make sense logically that there exist any actual dynamics that bitcoin prices have to go down before the halvening beyond a pattern of it having had happened historically, so merely because going down before the halvening has happened historically does not mean that it has to happen or that it "tends to happen".

Maybe the best thing to consider is that BTC prices go up and then sometimes they might go up faster than the buying support can keep up, so then after they go up for a while they may or may not end up coming back down for a while, so in that sense bitcoin prices do not tend to go up in a straight line and it can go in either direction, including that sometimes there can be down periods contained within the middle of down periods, so it is better to be prepared for UP, just in case you are a low coiner or a no coiner... which most of the world happens to be, whether they realize their status as low coiner/no coiner or not.

By the way, the BTC price has been pretty much been going up since November 2022.. Yeah sure there have been a few corrections in there, but not very many.  We can say the same thing on a shorter time horizon that the BTC price has pretty much been going up since October 2023, yeah sure there have been a few price corrections in there, but not very many.

So, if the price goes up a lot, there might be some times within those kinds of periods that it goes down, but the mere fact that it might go down or that it is currently seeming to go down, does not mean that it will go down, so better prepared for UP in case you don't have any or enough coins, which again most of the world is in such a position, whether they realize it or not.

Yeah, about 1 year ago, I probably would have considered around $45k to be a reasonable pre-halvening price.. so yeah, maybe anywhere between $40k and $55k... and surely not really thinking that new ATHs would have had been breached, so maybe the fact that we are kind of stuck in this $55k to $82k range, right now (yeah maybe more narrowly $59k to $74k.. for the last 1 or two months and really we could say that the timeline of this range is really getting quite close to two months, but we probably would have to count February 28th as the date of our breaking into the range.. and we can look through the last two months and see quite a bit of volatility within such range.. and it seems to be a kind of healthy fighting of the over-exuberance in regards to getting into this range prematurely....

but the fighting of the range and the desire to not go up is NOT really seeming that likely to be won by the bears.. There just comes too much extra uppity pressures once we start getting into this noman's land range, and the extra buying pressures from the BTC spot ETF is not helping the case for down. (or even down before up).. Yeah, sure, it could happen, but it does not seem to be a smart play.. down before up seems like a losing play.

But, hey, whatever, part of the reason that some of us continue to be prepared for down, just in case, is so that we don't go crying if the BTC price does end up going down before UP.. but at least those same us are largely already prepared for UP, which may or may not be the case for a lot of folks who are either sitting on the sidelines or maybe some of those who are trying to manipulate the price down, they might end up suffering from overconfidence by some hard unsympathetic honey badger UPpity price moves.

Your redundancy might confuse DirtyKeyboard's script.  Especially if you have two entries with the same date.

I would suggest to ONLY put one final report that would look like this:  

100k,Zack5000,49,5593,2024-04-16

but your intermediate reports (if you optionally want to do them) would not have the first part of the format, so the script will not pick them up.  They might look like this.  

48,145,2024-04-15

49,142,2024-04-16

I am sure that you need the first part of the format to trigger DirtyKeyboard's script, but if you just put the last part in, then you are just wanting to show specifics for each of those days.. which is surely your choice if you want to share those separate daily summaries.

---

Here's my latest report through today:  100k,JayJuanGee,72,13005,2024-04-16

From my perspective, the reasons NOT to invest into shitcoins does not have to do whether or not they will rally and whether bitcoin might not end up going to zero, because we should realize that either of those things could end up happening.


You sound really lost.  You seem to not know the difference between the head and the tail of the dog.  Sure the tail is part of the dog, but the tail does not wag the dog, it is the other way around.  An overwhelming majority of shitcoins are largely either copying bitcoin or trying to tweak bitcoin in one way or another, and many of them are not truthful about what they are doing, which also includes that even if they were merely trying to build upon bitcoin, then why do they need a separate token? 

The reason is because they are scams that are trying to print money for their founders.

Almost all of the time, they do not and they are largely misleading the public in what they are doing.  Maybe one good thing about shitcoins can be testing grounds for bitcoin, even though scammers end up being involved and innocent people sometimes end up getting hurt through the existence of those testing grounds... and yeah, it is not like we can wish them away. Shitcoins are going to exist, but we don't need to promote them or even talk about them in this thread, unless it is either just incidentally mentioning some aspect of some various shitcoins or maybe to denigrate something going on with shitcoins, even though sometimes the mere mentioning of shitcoins through denigrating them may well not be necessary.

So surely if some shitcoin were to really take over bitcoin and be an improvement upon bitcoin, then it better be in the ballpark of 10x better or even greater than that in order to convince folks to move over to it.. If your various shitcoins are not in the ballpark of 10x better or more than bitcoin, then they have not met a high enough threshold to gardner the monetary value within the principles of Gresham's law in which value is going to flow into the highest and best of  assets, which goes without saying is bitcoin.

One of the reasons that bitcoin is going to take over from both gold and fiat currencies, is that bitcoin is greater than 10x better than either of those systems.. We might not know exactly how much better, and it might not matter, but likely bitcoin is in the ballpark of 1,000x greater than gold, so yeah it could take 50-200 years for the investment thesis to play out, yet right now you can get bitcoin at a bargain price since it is ONLY around 1/10th the price of gold (talking about market cap, don't get distracted by other ways of measuring such). 


Fuck ordinals and bitcoin defi.. but at least it is both related to this topic of bitcoin and it is part of bitcoin (not really creating new coins because pegged to bitcoin, even though creating a lot of shitty related products to claim extra value, but still part of our current bitcoin and a bit questionable - even though we cannot really stop them from being done while preserving bitcoin as the current uncensorable thing that it is).. so we likely cannot really deny those bitcoin-related ways in which people are trying to peg their crappy products to king daddy and so in some sense the ordinals and bitcoin defi is a part of friends and enemies using bitcoin..

By the way, the concept of defi is kind of stupid and meaningless in any other project, except for bitcoin, since bitcoin is the true defi coin (project), so anything claiming to be defi needs to be built-upon or somehow pegged to bitcoin in order to be defi (rather than defi in name only).

It seems to me that the road to $100k is also short term, unless you happen to already have had been in BTC for a couple of cycles or more, then you have more freedom to do what you like, so my thinking is that there is no need to have any specific price target in the first 4 years or even longer, unless you happened to have been able to front load your investment and overaccumulate, but for the most part, long term investment is more than merely having a price target such as $100k or some other price target that might be higher up.

Long term tends to involve spending quite a bit of time in the market.. which likely ends up leading to more options. even if there might be times in which the price goes up or down along the way.. and there may even be some need to hold through a whole up and down cycle and not be trying to play price waves within cycles...

Sure, if you got to a point of overaccumulation you have more flexibility.. and there are not too many scenarios that I would consider overaccumulation to have had taken place in less than a 4 year cycle.

Surely in accordance with your forum registration of mid-2022, there might have had been some potential that you had been able to frontload your BTC investment and/or had been able to overaccumulate BTC in the last 2-ish years, but I would have to know more before I would be able to presume you to had gotten yourself into such an overaccummulation position, and even if you are in a position of overaccumulation, that still would not justify selling all of your bitcoin, even though you would have more options than someone who might have gotten into bitcoin under other terms.


Yes.  BIGGER profits and more options.


How do you know if there is going to be resistance at $100k or not?

Fuck off with your bullshit about the payment needing to be public.  That is a bunch of nonsense that could stifle public participation in forms and/or bets like the one we entered.

The ONLY thing that needs to be public is the acknowledgement of payment, and yeah sure, I don't mind oversharing a bit since I don't mind discussing bitcoin related matters, but guys do not need to be even close as open as I am tending to be...

I will grant you that if there were to become a dispute about whether or not the payment was received, then maybe perhaps at that point (as a last resort) there might be some benefits in making some aspects of the payment public, but the default should be privacy rather than publicity, especially when we are already dealing with situations in which some guys privacy might already be partially compromised through various interactions that we are doing in terms of sharing aspects of our relations with bitcoin.

So we can agree to disagree about what I believe to be your retarded ideas about potentially jeopardizing opsec and/or discouraging forum members from wanting to engage in bets if they believe they are going to be forced into potential breaking of OPsec and/or having to be public about their payment, especially if there may well be no reason to not be public, including if the recipient acknowledges receipt of the payment.

Regarding the specifics of this particular lightning payment, it went through almost immediately (once I figured out how get Phoenix to recognize the invoice that you sent), so the amount was 10,000 sats with a 44 sat fee which was 10,044 sats in total... which at the time of transaction was $6.19 with a $0.03 fee, for a total of $6.22...

In the last 7 hours (since I sent the payment), there was one block that had some transactions as low as 18 sats per vbyte.. so the lowest would have probably been around 19 sats per vbyte.. which would have been around 2679 sats for the transaction .. around 61x higher fees to send that particular transaction on chain, and I bet it is quite a bit more difficult to trace my lightning network payment rather than an online payment.. so maybe another reason to use something like lightning network when in a public forum like this.. (and another reason to not be fucking sharing your onchain transactions on forum like this unless you have been able to separate out wallets).  I have some addresses that I have been sharing with forum members, but I expect that they are not sharing my transaction information or trying to look into my background transactions, even though they may well be able to do so.. and surely after one or two hops, there can also be some plausible deniability, too..

Yes.. you guys.. have likely already pointed this out.. but yes.. a halvening of the price may well be attempting to be taking place.   

I doubt that there is going to be such luck, but sure, the bearwhales can try and see if it ends up working out for them.


Since bitcoin is digital, cramming it into your arse is pain-free.  Can't feel a thing, since it is invisible. It's an idea.  But yeah, cannot cram an idea up ur arse, have to cram it into ur brain, and there are a lot of ways to accomplish that... for example some dummies (perhaps including yours truly) might have to use cheating devices to lock up the coins, then cross over the border and then unlock the coins on the other side.  Much easier than making machine parts or cramming thing-ie-ma-jiggies in places that they should not be crammed.


Haven't even broken $61k, yet... and then there's gotta be some support between $52k and $61k.. I have a hard time believing that we go straight from $61k all the way down to $52k without any support along the way.. .. but hey whatever, you can come out with those low and seemingly pie in the sky numbers.. .. and maybe it could happen.. It's not impossible, but it seems like a bit of a long shot, absent some pretty amazing reasons to cause additional panic.

Countries have complicated set ups and relationships and infrastructures that they have to support, build and incentivize, so they are not really in a position to just sit back and invest without putting capital to work and/or putting their own status to work in terms of generating business in their countries and at the same time making sure that citizens are supported and incentivized to build and be productive.

And, in regards to shitcoins, there are so many different ways that they can get involved in that, and some of those ways could be closer pegged to bitcoin, yet some of the ways could deviate from the ideas of bitcoin, if they fall down the rabbit hole of overly issuing debt (and/or tokens) which could bring them back into various fiat traps - so I am not even proclaiming that there might not be responsible ways to both maintain their bitcoin focus, while at the same time attempting to be creative in terms of various kinds of innovations that will still help to build their country and to facilitate the right kinds of sound money and responsible incentives.


They already have experts helping them.  How do you think that they got as far as they have so far?  Maybe we could quibble that they don't have the right experts or they are going down the wrong paths, but no government can be just run by a few people, so there are various ongoing reliances on people who are experts and some of the "experts" may well be learning along the way too, especially since there may well be new ways of innovating, even while there also might be traditional financial instruments that are also included in the mix of prioritizng, technical set ups and execution of plans.


There has always been some balancing of shitcoins in El Salvador, since they did not make shitcoins illegal, and even some of the past "technological initiatives" that El Salvador had passed could have had been considered to be shitcoin friendly, since they were not hostile to shitcoins... and sometimes it is not always clear about how much a shitcoin might be distracting from aspects of El Salvador's mission.


There is no reason to quote obvious shilling/scamming accounts.  You can just hit the "report to moderator" link so that the moderator will be made aware sooner rather than later.. and probably, Troytech, you should delete your re-quoting of that richardcarter20221 information in your post - other wise you could get accused of promoting such.. or maybe your post will also get deleted from the thread (which richardcarter20221 is probably soon going to end up as a banned account).

You are exactly correct Justbillywitt.  It is very helpful to establish your dip amount in advance, and you could have several buy orders set just for that, or you can determine after each time your dip order is filled if you want to set another one.. so that you just do them one at a time. Of course your specific situation will help to dictate what is most practical in terms of how much to set aside for various dip amounts... for example you could have $1k that you are holding for dips, and you could have $333 for three orders at dips of 10%, 20% and 30%  or you could set them for $100 every 5% dip, which would take you down to 50%. . or of course, you could set the whole $1k for a certain amount or you could manually set them each time it gets filled, you determine where you would put the next one with ever amount that you have left in your fund.

Of course, for brand new folks into BTC, there would be a preference to emphasize DCA rather than buying on dips, yet it seems many of us recognize that buying on dips could be a decent way to supplement that DCA practice, yet at the same time, keeping a lot of buying on dip funds might not be a good way to manage funds, especially for guys who might not have a lot of funds to work with in the first place.

Ok.  Just a few minutes ago, I paid through the second route.  I engaged in copy and paste of the invoice that you provided, and I got several errors before I was able to figure out a way for Phoenix (the wallet that I used for this transaction) to be able to recognize the invoice, which the app was saying: "this does not appear to be a lightning invoice".. so in my trouble shooting the matter, I saw that somewhere along the way, there were something like 4 extra spaces that ended up getting put into the invoice  that you had sent to me or the way that I had received it through my copy and paste - somewhere along the way, so when I took out those extra spaces (probably considered soft carriage returns), then my phoenix wallet was able to recognize the invoice so that I could pay it.

I will note a couple of things. 

1st.  I had mentioned PM in regards to making payments which I think is a better practice, especially in regards to OP sec, and perhaps even in regards to lesser of a need to be public about the potential back and forth difficulties that can play out through paying... that maybe we don't need to do within a thread like this.. because ultimately the question may only be whether the payment was received or not, rather than publicly discussing the process and/or maybe various barriers of how the payment was carried out.. or those kinds of minuscule matters.

2nd.  I am not sure what kind of a lightning wallet that you are using, and I am not sure if it is necessary to disclose, yet many times the lightning wallets will allow the production of a QR code, and that way we might get away from the copy and paste issues.  I know some wallets can also scan the invoice in its alphanumeric form and figure it out, but I am not sure if Phoenix can do that.. I tried to scan the invoice after I took out the spaces and even with the corrected invoice, Phoenix does not seem to be able to scan an alphanumeric format.

You can do what you like in regards to making an onchain payment to Chartbuddy, yet I cannot consider purposeful use of onchain payments for such low transactions amounts to be justifiable - especially if there are other options to still use bitcoin, but maybe on a second or a third layer as already discussed, including my stating my preference to not be fucking around with such small amounts on chain, especially if we might be able to figure out other options.. not trying to be against making direct bitcoin transactions, but instead attempting to be practical. 

As I think I already mentioned, in recent times, I also don't like the idea of sending payments under $100 onchain, and I would try to process for lower fees, and so the minimum fees have been fluctuating between 40 and 60 sats per vbyte - even though I do see some scattered blocks in the 20 sats per vbyte and the most recent block had fees as low as 17 sats per vbyte... but even attempting to process a transaction for around 20 sats per vbyt is going to cost around $1.74, and it may even take several days before it goes through - depending on what fees do in the immediate future, and then once it is received on the other end, then there may well be fees on that side too, but then we cannot know when the other side is going to end up attempting (or needing/wanting) to process the transaction down the road.

By the way, as a test, I just tried to process the same invoice a second time, just to see what happens, and when I went to paste the invoice into the Phoenix app, I got a notice: "You have already paid this invoice.  Paying it again could result in stolen funds."   So I am not sure if it could get paid more than once by a second person or through a second wallet..

I don't have any specific pieces of data that I would like to quote or be able to quote, yet I get the sense that we are still in very early stages of adoption whether we are attempting to analyze individual adoption, institutional adoption and/or governmental adoption.  Sure some of them are accumulating bitcoin on the side to the extent that they are able to do that.  Some institutions and governments have reporting obligations, but it does not mean that they report what they are doing, unless the laws are very strict on that, such as in the publicly held company has even more strict reporting obligations.

Even with the recent introduction of bitcoin spot ETFs.  Sure, they provided some avenues for some individuals, institutions and governments to get into BTC (or at least price exposure) who would not have otherwise been ready, willing and/or able to get into BTC, but even that obviously successful opening of a investment product seems to be in very early days, and ONLY the earliest of folks had gotten into BTC through that vehicle.. and yeah some of those who had been early into the ETF might have been overly greedy because they are trying to front run the ones who are coming in later, but the mere showing of a lot of interest at the start does not likely signify that those early entrants to the ETF represent large segment of institutions (and they well might not even be institutions, but instead a bunch of scattered individuals).  I am  pretty sure that the ETF providers are going to have some reporting requirements in regards to the composition of folks buying into their ETFs.


The truth of the matter is that a lot of the population is still ignorant about BTC.  For years, we have been hearing that "everyone knows about bitcoin now," and related kinds of claims that attempt to imply bitcoin is mature or is maturing or needs to be considered as a mature asset, which largely is a bunch of bullshit.    Sure, more and more people are learning about bitcoin, and they are hearing the word bitcoin, and even some folks are choosing to get involved in bitcoin, in case it catches on, but still merely hearing the word bitcoin and being able to say a few descriptive things about it, does not mean that people really know what bitcoin is, except in some superficial and likely inaccurate sense.. including many times the most immediate thoughts are going to be "oh wow, look at that bitcoin thing.  Price has gone up a lot over the years.  Too bad that I did not get some.  It's too late to get in now."  And then after they come to these superficial assessments, they either get on with their day or they will tend to have the same response, every time they come across the term bitcoin.. and another thing is that they most likely don't know the difference between bitcoin and crypto, so anything that comes up in the news related to crypto (aka various shitcoins or other projects), they may also summarily include that into their general presumption that it relates to bitcoin (which surely is not an untrue assessment - because there is likely quite a bit of ongoing reluctance or even perceived inabilities to really investigate into figuring out some more accurate information sources to be able to better able to sort through how bitcoin fits into the picture more specifically - and more importantly the sound money and individual autonomy attributes of bitcoin).


By the way, you seem to be making quite a bit of presumptions regarding what an average person looks like, which is that most people are not already diversified investors, so yeah they might have some stake in their personal residence, and they might have a 401k (or some other retirement account) that includes the holdings of stocks and bonds (index funds), yet there are likely an overwhelming majority of folks who don't have any kinds of meaningful investments... so how are they going to think about a "diversified portfolio" when they are not already at that stage.  Sure, even the folks who already have investments and a "diversified portfolio" are largely not choosing to include bitcoin into their holdings, and so they are still likely ignorant about bitcoin.

I am not sure who comes to bitcoin first?  It would seem that the already investing folks might at least have some ideas about how to invest, versus  a lot of folks new to investing are either going to learn about investing, but they might come to investing as a form of gambling and/or trading, so it could take them a bit of time and mistakes before they learn the difference between trading/gambling and investing.


We are stuck with the history that we have, and in some sense we are lucky that El Salvador has been so smart about their approach to bitcoin.  Of course, they have challenges of poverty, which likely contributes to their inabilities to invest more into bitcoin, and maybe it already seems that they are being overly aggressive in their bitcoin investment, yet from my attempts to do the numbers, they seem to have a pretty whimpy investment into bitcoin (less than $400 million holdings of bitcoin and $7 billion of annual revenues), even though it seems to be a lot.. but at the same time, even that relatively seemingly whimpy investment into bitcoin is showing quite a bit about how bitcoin can be used responsibly to buttress a country's budget.


It surely can be dangerous if El Salvador tries to overly fuck around with shitcoins, and so it could end up having some slippery-slope effects if they are not able to keep some of there debt issuance (token creation) or whatever are the details in check, and so within any of their bitcoin adoption, they are still needing to dance around real world dynamics, and hopefully they do not end up losing their way or becoming hypocrites in their actual real world practices.  With any of these discretionary matters, there sometimes might need to be some practicalities, and I am not going to presume that they are going overboard in whatever shitcoins they are allowing to seep into various aspects of their budgeting matters (or various projects that might seem ambiguous in regards to going down shitcoin routes).

Some guys are making mistakes, and maybe there is a language barrier, even though it should be pretty straight-forward to state
1) how many total days doing pushups
and
2) how many total pushups

Once the number of pushups is reported, the total number should not be going down within later reports.. so yeah, red flags when such low numbers of pushups are reported, even though in their descriptions of what they say that they are doing, the guys are saying that they are doing a lot of pushups, but then for some reason, they are not listing those total numbers of pushups in their reports.


That is a pretty high daily average.. 269 pushups per day.


We can never really know the direction of the volatility, especially in the short-term, yet part of the reason that many of us invest into bitcoin is because we likely recognize and appreciate that there is a lot of asymmetric potential to the upside, so that even if we might recognize that we could lose up to 100% of our investment (if we had not leveraged), there are good chances  that we could make a lot more than our investment, including outperforming a lot of other asset classes.. even though it is not guaranteed to outperform anything... .

One of the main guarantees is volatility, including that there is likely an ongoing battle going on, so if you don't get shook from your coins, you have good chances of having more options in the future because of your investment into bitcoin.

besides holding.. buy too. .the overwhelming majority of folks do not have enough bitcoin, even though there could be some members in the forum who have enough.. but the forum members do not necessarily reflect the overall population, even though I suspect even that a lot of forum members do not have enough bitcoin.


That has turned out to be a good method Ricardo11, even though maybe it is a bit whimpy on the amount of pushup increases, since your body gets used to pushups and it can probably increase more than 1 push up per day, but hey whatever, you do you.

Regarding getting to $100k by the time you get to 100 pushups (that is in 40-ish days), it does not seem to be very likely to be expecting that.

Never say never, but that seems to be a bit of wishful-thinking - even though I am still anticipating decently good chances that sometime this year (2024) we will get BTC prices between $120k and $180k.. yet I am thinking that if BTC prices get into that range at some point in 2024, then there would potentially be some balancing in that price range prior to figuring out if the price might go higher or not, a .. including decently good chances of having some kind of a higher ATH price in 2025 as compared to whatever ATH ends up being reached in 2024 - and hopefully the $73,794 that we already reached in this year is not the ONLY ATH for this year.  We cannot know, except we know that there seems to be a quite a bit of ongoing buying pressure.

Fuck shitcoins.  There is no reason to talk about them in this thread unless you are going to denigrate them or just mention some aspect of them in passing. Otherwise, any kind of potential positive talk about shitcoins is distracting and merely leads to attempting to explain which shitcoin is less shitty which is not this topic... It is a distraction from our topic...

Another thing is that this is not the anything you invest in topic to make your MOAR richer.. fuck that nonsense. and take it somewhere else and try to focus on the topic, which is bitcoin and the ways to accumulate bitcoin.. That seems to be a BIG enough topic, already.


Wow if you are picking out some other shitcoins, then it appears that you are trying to pump which shitcoins happen to be less shitty (and your choice of less shitty coins happens to be ethereum and BNB), so where does that lead us.. It leads us to being off topic and talking about irrelevant bullshit of whatever thousands of potential other shitcoins... 

Ain't nobody got time for that.


It does not matter.  There is no need to bring them up, unless you want to denigrate them. .. No need to say that they should be part of anybody's investment.. Talking about shitcoins, especially in an attempt to spin something positive about them remains a slippery slope.

You can do what you like, but there is no reason that any of us should want to listen to any bullshit about which shitcoins any other member believes is less shitty.. and it is especially distracting to mention something like ethereum that so many try to compare to bitcoin as if it were similar .. fuck ethereum  and fuck, other shitcoins.  You can talk about that bullshit in some other thread. .This is not the bitcoin and also ethereum as second best thread.. that is retarded to even allow that.. without pushing back on any member trying to argue to include any of that crap in this thread.


At least you prioritize bitcoin.. that is a good thing.. .yet I still doubt that there is any need to talk about any shitcoins unless you have a specific reason for doing so.. such as something that does not make it seem like you are pumping them..

I feel bad that sometimes I talk about selling in this thread.... but I try to make it clear, that guys need to get to a certain stage of accumulation before they start to consider selling techniques as part of their bitcoin strategy.. so really selling comes after having had already reached various accumulation levels, and so in this thread we should be trying to mostly focus on buying and accumulating rather than anything related to selling, trading and even shitcoins.. shitcoins like fit within a trading and/or gambling strategy, and sure maybe they might be mentioned as something that people do, but it is not helpful to be getting into discussions of those kinds of things in this thread.


You might have had good intentions.. but I still think it is problematic to talk positively about any shitcoins within bitcoin threads.  People still do it, and I applaud anyone who tells them to fuck off with their shitcoin talk..  There are a lot of non-bitcoin threads or even mainstream places where you can compare and contrast shitcoins with bitcoin.. so many times in this forum, the bitcoin threads should not tolerate any kind of talk about shitcoins, especially when the tone might be ambiguous in regards if you might be recommending to have them in your investment portfolio.. Fuck shitcoins.

Our whole current monetary system revolves around debt.  So it does not matter if we are talking about a country, an institution or an individual.

If you are able to utilize debt without over extending yourself while able to service the debt for the purpose of investing rather than consumption, then that is a good use of debt.  There is a difference between using debt for investing versus consumption or even if the investment is into something that has likely abilities to return more than it costs to service the debt versus if the thing that is invested into (or consumed) depreciates in value, so we likely need to figure out how the debt is being used in order to have some better sense regarding if it is a good debt or a bad debt.

Terms of debt can also change, so in that regard, someone with good credit, good cashflow and various other highly valued assets (such as bitcoin) is going to be eligible to receive better terms for their abilities get into debt relationships.  Not everyone is created equal and not all kinds of debt are created equal, and so it is quite likely that the building up of bitcoin as a held asset is going to put El Salvador in a better rather than a worse situation, even though right now, an overwhelming majority of status quo institutions don't necessarily recognize bitcoin as a good kind of an asset to hold.. but they are dumb in regards to bitcoin, and they are going to learn that bitcoin is the most pristine asset that exists, and that is where smart people, institutions and government are (and should be) putting their investments/savings/extra money.

The place of bitcoin as a superior place to put money is asymmetric information that most people do not know or realize, and so the mere fact that other folks don't seem to know about bitcoin or to appreciate its power, does not mean that each of us, whether individuals, institutions or governments should not act upon our having had figured it out early.. and yeah, others are going to catch up, but it might take a while.. 20-50 years or more.

Some of my best friends don't eat pork.


How could that be?

Sounds like noise to me.

You have to get away from those low numbers that hardly even matter.

Think about it.

When the BTC price is in the $65k territories, it is only about 1.54% for the BTC price to move $1k, as compared when we were at $30k, then that $1k would have had been a 3.33% price move, and when we were at $10k a few years ago that $1k move would have had been a 10% price move, so you gotta figure out ways to NOT get distracted by small moves in in the price, which largely what I am saying is that even $1k is not a large move, so $20 is even way the fuck less significant.. $20 moves do not mean anythingt that is even worth paying attention to...


At least you seem to recognize that you are doing the opposite from what you should be doing...  The better of the ways to accumulate bitcoin is by buying them, not by selling them..

Oh well.. You know the saying about having fun staying poor, right?

It is a pretty straight-forward strategy.  You been here since mid-2016, so you should know better by now, right.

Think about nearly 8 years of accumulating corn.  You should be in pretty good shape by now, even if you had been somewhat modest in your BTC accumulation over the last two cycles.

8 years of $50 per week would have been nearly $21k invested, but nearly 5.8 BTC accumulated.  Not a bad place to be... and so if you did not already accomplish those kinds of returns, then you probably need to get started with some kind of a steady BTC accumulation practice, just so that you get focused on what you should be doing, especially if you are still trying to accumulate BTC, which is buying.. not selling.. Selling is dumb, unless you have gotten to a status of overaccumulation.. which it sounds like you have not yet reached that status.  So snap out of it, and get back into buying and forget about selling until you reach a status of overaccumulation.  If you have already reached such status of overaccumulation, then pardon me for not recognizing such status within the contents of your seemingly panicking post.

Are you sure that you are reporting your total pushups correctly Zackz5000?  You are describing a whole week of pushups with way more than 100 pushups per day, on average, but your overall average is ONLY 28.7.. if you really have 49 days worth of pushups with ONLY a total of 1,406 pushups for all of those days.  Something seems wrong about your report in terms of total number of days and/or total number of pushups.    You ONLY need to count the days that you do pushups, so if you are doing pushups 6 days per week and you are not doing pushups on Sundays, then you should ONLY be adding 6 days to your weekly totals for those weeks that you ONLY do pushups on 6 of the days of the week.


I hate to break the bad news to you, but if you suddenly increase your pushups all at once.. like doubling them, then you might start to get really sore, so you may or may not be able to continue to increase, or if you do too many sets in a row, you might get more sore from that, so even though you might improve your pushups, you also might have some days that you are even more sore than you had been on previous days.

Maybe this will all work out for you, but sometimes there can be advantages in spreading out your pushups throughout the whole day, especially if you are going to continue to want to do several sets in each day and try to continue to do them every single day (even if some days might be higher numbers of pushups and other days might be lower number of pushups, but as you build, you still should be able to continue to increase your overall quantity of pushups, as long as you do not end up injuring yourself or otherwise overdoing it).  It is like investing into bitcoin.  You want to be aggressive, but not to overdo it otherwise you might end up injuring yourself..