If you are writing some pie in the sky long term predictions while pointing to short term annihilation of the asset that already experienced above 80% decline, than you are: 1. SM club subscriber. 2. Too "smart" for your own good. 3. Want to push asset down to load since you don't have ANY of it. 4. You are named Tone or Murad. What is the correct answer? |
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I have no idea what half of the conversations here are about.
Will try to parse it again tomorrow.
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I can't really affirm he is though, not from his post history... the avatar on the other hand...
Based on my avatar, I am either a plant or a frog. JS. |
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Milky Way (aka our galaxy) is warped or could be called a 'tilted sombrero': https://apnews.com/0f963341f5b24658b23321900dfc86ceBitcoin, on the other hand, is as flat as a pancake. Not much to see...move along. Yeah I figured they were building a database of users to addresses or something along those lines. Why do they need it, I wonder? I never, ever, bought anything suggested by their ads (or at least I like to think so). |
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The white supremacist Author, or just coincidence. https://en.wikipedia.org/wiki/Luka_MagnottaThings are looking bleak here, and some of you will carry blood on your hands. I personally live next to an annoying young..... bizzaro quotes not reflecting the gist of a piece. as far as your "sleuthing by google"-how would I know? I am interested in it only as far as predicting possible futures, nothing more (or less). If someone's post name is "Da_talking_asshole", you would not think that it is actually a real talking asshole, would you? |
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Based on history, you can assert that nobody needs bitcoin; however, we are living in a new world in which the computer and the internet has become a staple of modern human living. Within these modern changes, bitcoin has the potential to serve a very central role in terms of individual sovereignty and ability to control some of his/her value holdings and transfers.
You may be having difficulties understanding any "need for bitcoin" because you are trying to downplay the importance of modern living and perhaps you envision a world without modern communications.... perhaps a world in which gold and silver has a role, but since we are moving to a different kind of world and bitcoin has accomplished a kind of paradigm shift in what it is able to provide and likely to provide, you are deluded into thinking that no one needs it, merely because it had not existed before 2009, and really, has not achieved, so far, any kind of significant levels of adoption.
So, yeah, currently, we have a world in which less than 1% of the world has adopted bitcoin in any kind of tangible way, and that level of adoption still remains quite superficial. Part of the reason to invest into bitcoin continues to be recognizing a vision in which its adoption increases and also it's value and utility will increase along with that. If you do not hedge into bitcoin in any kind of way, then you will merely have to run after this bitcoin train at a higher price...
Nice write up, merited. I wonder a little what would happen if a major bitcoin adoption happens through a gigantic LN hub, made by Square, or a few hubs like this. Perhaps, Square is waiting on bakkt to become operational for the seamless exchange of $ (and other fiat) and bitcoin. It is possible, but not very likely (considering the the fact that J. Dorsey "likes" bitcoin) that companies like Square will use btc (in LN form) as an underlying transactional mechanism, yet the user would not notice that they actually use bitcoin. In my opinion, this would be detrimental to the cause. I still think that prioritizing the use of bitcoin in saving/store of value is likelier to result in bitcoin becoming that first (instead of being a transactional unit). |
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Plus, there won't be enough emmission to satisfy demand.
we're all just getting old I like to think of it as quality over quantity, but the IVF clinic disagrees and my 22-year old supermodel g/f is now looking at me somewhat differently. mic-style pics or she is not real  |
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That story makes little sense.
He makes 250K a year, yet cannot spend $300 a mo on a $20K car payment?
Something here does not compute.
I appreciate his dedication to the btc cause, though.
I think he makes 250K/yr...now Nope, he said that it was embarrassing to show up on that bike when his business partner was buying his second BMW. Whatever. Clearly, it was some short term cash flow problem caused by btc over-investment, but he was lucky to have the trend making it worthwhile. |
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man, that's a lot of sugar  |
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Next bottom at $40k sounds reasonable
Yeah when high is a million Don’t go retarded ...... +- 240K or something  I'm expecting $50kish as the high, y'all expecting extremely gains run after run. $90K-$110K in Dec. 2022. $32K in Dec. 2025 prior highs...$32, $1160 (X36), 19783 (X17) 17X is 0.472X36, therefore, if we would continue to decline in bounce proportionally, then the next bounce would be 0.472X17=8.02X 8.02X19783=$158659 However, it is a bit strange to keep declining 83-85% in each bear, but keep bouncing lower and lower X-times each time. So, if the pattern of lower bounce would be broken, than we can go as high as, say, 17X, resulting in btc at $336111 at the next ATH. The fact that btc keeps declining 83-85% in each bear is a bit puzzling to me. I expected less this time. |
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Let me tell you a story about the 14/15 bear market. My wife was in her masters program at the time and I needed $5k for tuition. $5k then was 22 BTC. I was in between clients and wasn’t going to be paid for 3 months. So I sold the BTC right? Wrong. I sold my car. Got $6k for it. https://twitter.com/americanhodl/status/1091192275554562048^HERO?  The rest of the story is hilarious (and inspiring) too: <image removed> What are you willing to sacrifice this bear market in order to win? That story makes little sense. He makes 250K a year, yet cannot spend $300 a mo on a $20K car payment? Something here does not compute. I appreciate his dedication to the btc cause, though. |
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Many sci-fi movies depict future as being heavy-metal and/or heavily into gold. Examples: "Chronicles of Riddick" (Necromonger civi), "Stargate", many others. Asteroid mining would explain the rationale. On the other hand, plastics would be more difficult to come by in the future since they are made from oil or natural gas, which is definitely in less supply than asteroid iron/nickel/gold at the near earth orbits. |
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Wasn't it at 18 a few days ago? Not sure what to make of it. |
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If grin takes of and gets a big user base we might see a scenario where more grins are actually lost/destroyed then are being made,and if so the price will be stable and even go up.
Is this going to happen? Well the world economy is not a zero sum game, and the world economy is growing rapidly so there is room for a expanding currency, that’s why the US dollar is not in hyperinflation.
All new dollars printed are absorbed by the expanding economy. This of course only works if the currency is widely accepted on a global scale.
As I understand it grin is anonymous and untraceable, this might not go down well with regulators, and they might ban it from exchanges and on/of ramps.
If so, then it won’t be a popular global currency, but rather a fringe currency traded on a few shady exchanges with a small user base, and subsequently die from inflation.
If on the other hand it is not banned, and if it grows so big that the demand is equal to or outgrows 60 grins a minute, it might be the actual world cyber currency of the future for payments. (rather than bitcoins roll as digital gold/storage)
The road there will however be long and hard, and in the near future the supply will vastly outgrow the demand, and as a consequence the price will for the years to come be very low.
And some easy to use wallets need to be developed soon, and app wallets must integrate grin, and major exchanges must add grin.
A lot of ifs, but success is not against the laws of economics.
When Coinomi or Abra integrates grin I might buy some.
Why don't you mine some? It's fun to learn and all you need is a GPU card or two plus the rest of PC (CPU, memory, SSD, motherboard, powersupply). I am not sure that price would be very low as VCs are mining it (invested at least $100mil). Mining is much less risky than buying outright. Sorry, plucking my favorite parts of your post... I also think that bitcoin being a store of value and grin being spendable (inflationary, but less and less in %% going forward) could be a good combo like checking (grin) and savings/investment (bitcoin) accounts. |
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Risk free trades are good trades.
never seen those, but I am not an insider. |
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That's just "numerology". What step back he is talking about? There is nothing truly predictable in his desire for BTC to retrace MA300 instead of MA 200, which it already did. Gibberish. Historically bear market lows have been set before 11 months prior to each halving. We should expect the same again.
The market low occurred on Jan 14 2015, halving was on July 09, 2016, almost exactly 18 mo later, unless you consider (on intraday move on Aug 24, 2015, which should NOT count) the low to be on Aug 24, 2015. In fact, it was low on that day (Aug 24, 2015) only on some exchanges, exchange average is $196, which is NOT the low of the cycle. Prior halving was on Nov 28, 2012 with a low on Nov 17, 2011, so this was very close to 11 mo, being 12 mo and a few days. I say that the low would lie (most likely) anywhere between 12-18 months before the halving, although the number of tries so far (two) is too small. Therefore, the low being anywhere between Nov 2, 2018 (18 mo to May 2, 2020) and May 2, 2019 would make sense. The flat between Dec 15, 2018 and May 2019 is the most probable scenario, IMHO. |
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