An interesting point from Pomp: https://www.reddit.com/r/Bitcoin/comments/aoms2f/people_are_going_to_be_so_shook_when_the_wealthy/People are going to be so shook when the wealthy of tomorrow are the Bitcoiners of today Would not bother me one bit. Rewatched the "Social network" recently. Was Eduardo worthy the current $9bil, most of which is probably the facebook stock? He wasn't even with the company apart from the initial short stint there, "immortalized" by the movie. His initial $1000, then 19K contribution was probably one of the best investments done by anyone, EVER. All random, of course. Therefore, if some schmuck (or genius  ) bought 20K bitcoin in 2010 for $3k bucks, so be it. https://cointelegraph.com/news/software-engineer-buys-20000-btc-in-2010-quits-job-to-travel-around-globeI remember seeing historical reddit posts where someone was selling 10K btc for $25 or something like this (maybe $50, cannot find it now). Even 1-10BTC might be very serious money later on since an average $$ millionaire can get only 0.3 btc (or less). |
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I think homer should just use that uniform hat.
What is the nomenclature on that Dabs?
It's called a "Pershing Cap" or more generically "Service Cap" ... duckduckgo images shows a bunch. https://duckduckgo.com/?q=pershing+capHey man it suits you very well  Welcome HAT carrier  Good gonna save my strenght and dive into my HODLcrib next to me HODLchick And looking forward to catch Some good wel earned BOOZE tomorrow Good night WO’s and enjoy the sparkling green for NOW its here Edit: btw I think I can handle sales very well 1K burgers only today NOW what about that Still for tech bitserve.... I think I can really learn from almost every regular poster of the WO thread But I Will do my best always ............. And F*** even my girl can do Some programming  The best place for anyone who is good at sales is, without a doubt, the good ol' USA. Good salespersons are one of the most important people in most companies, because...they bring in the dough. Compensation usually follows. I’m telling him to get a basic level of skill so he can work in the tech industry.
I have to hire people with tech skills and wages are through the roof right now because the particular skill set is so damn rare you have to grow your own, and then your competitors steal them.
Autists with tech skills are easy to find. People skills people who can’t do tech are easy to find. People skills people with tech skills are extremely valuable.
Bingo! |
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Is anybody disgusted with how ALL crypto goes up in unison with bitcoin, as if they are all on and the same?
This has to stop after five years of btc and others being in the public eye.
Ridiculous.
All crypto is shit except Bitcoin. This should not come as a surprise to anyone on this board. Metcalfe’s law, first mover advantage, natural monopoly, schelling point and all that. Well, sure, I just cannot understand that at a first hint of a positive move, that stuff goes up more, pretty much negating the argument at a first glance. That's not how coming out of a bear should look like. A leader or a new leader (when it is appropriate) typically comes out first, sometimes as much as a year early. I seriously doubt that LTC is a new leader. That would be ridiculous. |
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Is anybody disgusted with how ALL crypto goes up in unison with bitcoin, as if they are all one and the same?
This has to stop after five years of btc and others being in the public eye.
Ridiculous.
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Perhaps, current stagnation in btc price predicts large scale deflation?
This argument goes like this:
BTC was a clear market leader in 2017, then it turned around 9-10 mo earlier than the overall market (in US) started correcting.
Incidentally, btc main run roughly corresponded to a period of relatively rapid rates rise, see 5 year rates from July 2016-Dec2017 (rise from 1.2 to 2.4%)
Fed was not able to normalize rates at the usual 4.5-5.5%. They are now neutral at 2.2-2.5%.
Next time there is a recession, these 2-2.5% would either not be enough OR rates would go deep negative.
Deflation is an anathema for all policy-makers. Perhaps, that's why we hear lately so much about GND.
Not going to discuss the merit (especially the taxation levels, lol), but one thing is for sure: it would result in the inflationary stimulus.
Suffice it to say, large account holders (family offices) continue to accumulate bitcoin. They might see deflation coming first (difficulty for the banking system) followed by inflation (difficulty for everyone) afterwards. Bitcoin can play in both scenarios as a SOV and wealth preservation mechanism.
Perhaps, that GND stimulus (even if small portions of the program will ever see the light of the day) would counteract the upcoming deflation pulse that they are so concerned about. BTW, Armstrong also predicts a large bout of deflation, but maybe a bit later.
TL;DR declining and/or stagnating btc price predicts upcoming deflation?
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Talk like this from murad is what irks others: 11/ Inb4 "the bottom is in".
It's not.
2:43 PM - 3 Feb 2019
He's clearly a coward then, just like Tone Vays and other so-called "Crypto Gurus". Because actually calling a bottom puts one's reputation WAY more on the line than saying "the bottom is NOT in". For the latter, there is no repercussion to one's rep for being wrong because your followers didn't really lose anything for taking your advice. This is why I despise all these type of guys. They are all snake oil selling phonies who truly have no clue. Exactly. He is clearly a phony, a pretend "bitcoin maximalist", same as the other guy. Do I know that the bottom is in? No, but he is just an irritant since apart from his 'chartology', there is NOTHING that predicts what he is saying. |
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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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