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481  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: April 13, 2024, 03:53:35 AM
Already done with my day routine, and here is my current push up standing as of today 2024-4-12, day 65, total push up is 9,750. I don't know if this is how hour daily reporting should be or it should be done differently? If it's to be done differently someone should please guild Menon the correct way of doing it.

Proper format for that information is:

100k,7juju,65,9750,2024-04-12

Although I've  not been so active on the forum as I used too last year but seeing this thread wanna make me give a try in the  challenge
Guess I will be starting  from day 1 with 0 pushups I will be giving  10 pushups a try for beginning  May be to 20 in days to come
My entry
100k,coinlary,0,0,2024-04-11
 Await New report for tomorrow  Cool.....
return.
Coming across this thread has been totally inspiring for me, I’ve recently been procrastinating on joining the challenge but no more as we speak I hit 15 push ups this morning to begin my journey although,
I don’t plan to make an entry until I’m sure my dedication is 100 like the pushups.

You do not need to have 100 pushups in order to participate.  Just report however many you have done and how many days you had been doing them in the format that DirtyKeyboard had provided.

I hit an all-time high in push-ups yesterday morning. I did a total of 241 push-ups with 70 push-ups in a set. When I completed the 70 push-ups in a set, I stood up and made some boxing moves to help me relieve the pain in my body at that time. I did 241 push-ups in 4 sets of 65, 70, 55, and 51 push-ups. When bitcoin hits $100k, I will put in my best and do 100 push-ups in a set to celebrate its wonderful achievement and a new all-time high. All thanks to bitcoin for bringing us together on this amazing journey.

Those are good numbers, and you seem to have good likelihood of increasing your numbers to be able to reach 100 in one set..   The most that I have done in one set, so far, is 63, but I am getting to the point where I am doing a lot of my sets 50 or more, so I just try to figure out how much energy I have left when I start to get into the mid to upper 40s to be able to figure out if I can do more, and so when i did 63, I was trying to get 65, but I just ran out of energy.. . could not even do one more pushup for that set.

I mentioned also that sometimes I am wondering if I counted correctly because I am counting and I am trying to breath hard to build my energy, but I am also listening to a podcast.. so I am thinking that I might want to switch to music from here on out.. so that I might be able to concentrate better.. or maybe silence would be even better.. let me test it out.



Here's my latest pushups;  I finished all sets for today.
100k,JayJuanGee,68,11995,2024-04-12

Regarding lunges.  I did try to do some systematically today and to measure them and time them. So, in the future I am going to perhaps try to fit them in between pushup sets or some variation that may or may not be consistent, but I will write them down for myself.. I did 4 sets of 20 each (of walking lunges), and the way that I did the walking lunges, it took me around 40 seconds for each of the 4 sets.
482  Economy / Speculation / Re: Buy Buy Buy or Sell Sell Sell? on: April 13, 2024, 02:39:48 AM
All of these problems can occur to many investors because I mean you have little real experience with crypto. See if you could have done good altcoins or bitcoin holding earlier this year you could have sold with huge profit at this time. On the other hand some people are afraid and they think the market can crush at any time so they don't just invest in the market to enjoy the right profit time. Strengthen your attitude and think about what you want to do.
Always open to being able to sell it now, at that time you bought it at the beginning of last year or maybe at the beginning of this year, because the price was higher and, of course, you already made a profit, but was that enough profit to be made? had remember that the upgrade is not finished as it has just begun.
Yes, of course, it is normal for what you say. There are those who are afraid and think the price will be corrected again. Everyone will also experience that because they see the profits that are right in front of their eyes.
Once again, always analyze carefully before doing what you do, because what you do could be wrong.
But there's no need to worry because the halving period hasn't happened yet, which is when the increase will occur.
There are many investors who cannot invest due to the fear of price correction and many times lose the dip price.

That is retarded.

Don't be so fucking stupid.

Figure out some kind of a plan, and just buy BTC regularly for 4-10 years or longer, and then figure out what you are going to do some place later down the road.

Just pick an amount to invest that is not going to cause you to get emotional about largely meaningless short term price moves... and after you have been investing in bitcoin for 4-10 years or longer, it may well start to become more clear what you might want to do next.. depending on if you attempted to learn more about bitcoin along the way.

But i am always more busy with trading during pump time in crypto market because that is when best profit can be made.

You sound distracted.  Who cares about crypto and shitcoins?  You are likely wasting your time with that nonsense.

Many tokens have increased in price several times during this time so if you buy tokens now at this time there is a possibility of a big loss. Also bitcoin can reach the level of a big dump so it will make you think twice. I want all investments to be profitable so you need to experience this.

You sound lost.   

Hopefully no one is following your suggestions about getting involved in shitcoins. 

Sure if you invest into bitcoin and you cannot help yourself but to trade and to get involved in shitcoins, then if you at least limit your exposure to no more than 10% the size of your bitcoin investment (without cheating by continuing to take away from your bitcoin investment when you continue to lose money with your shitcoins), then at least you might have made some attempts to keep your gambling in check, but yeah, one of the problems with distracted shitcoiners and degenerate gamblers, they cannot figure out ways to either limit themselves and/or to identify the main thing that has value, which is bitcoin... so yeah, you are likely going to have fun staying poor by staying distracted with shitcoins and chasing around pump and dump nonsense... hopefully you don't lose too much, but yeah,  you are likely not going to make any progress in life when you cannot even identify the thing that has value (which is bitcoin).

All of these problems can occur to many investors because I mean you have little real experience with crypto. See if you could have done good altcoins or bitcoin holding earlier this year you could have sold with huge profit at this time. On the other hand some people are afraid and they think the market can crush at any time so they don't just invest in the market to enjoy the right profit time. Strengthen your attitude and think about what you want to do.
Always open to being able to sell it now, at that time you bought it at the beginning of last year or maybe at the beginning of this year, because the price was higher and, of course, you already made a profit, but was that enough profit to be made? had remember that the upgrade is not finished as it has just begun.
Yes, of course, it is normal for what you say. There are those who are afraid and think the price will be corrected again. Everyone will also experience that because they see the profits that are right in front of their eyes.
Once again, always analyze carefully before doing what you do, because what you do could be wrong.
But there's no need to worry because the halving period hasn't happened yet, which is when the increase will occur.
There are many investors who cannot invest due to the fear of price correction and many times lose the dip price. But i am always more busy with trading during pump time in crypto market because that is when best profit can be made. Many tokens have increased in price several times during this time so if you buy tokens now at this time there is a possibility of a big loss. Also bitcoin can reach the level of a big dump so it will make you think twice. I want all investments to be profitable so you need to experience this.
Investors who are still afraid of the risks associated with their desired investments are not good investors. Because most true investors will carry out research, analysis, knowledge, understanding and also know the journey to determine their actions. And a true investor would not do this without having knowledge and understanding and knowing the risks involved, and this applies to any investment.
And corrections are a common occurrence in the crypto market that we have to face, but we don't need to be afraid, because whatever happens will eventually bounce back. And this correction is only temporary because apart from aiming to invest long term in cryptocurrencies, especially Bitcoin, the results are also uncertain and also risky. Moreover, if you do not have a good understanding and knowledge of the coins you buy, it will be in vain and there is a risk of loss, therefore you must have good knowledge and understanding of the coins you buy. So that everything goes according to expectations and is also done very carefully.

Bitcoin does not need to be done very carefully.

The main thing with bitcoin is getting the fuck started, and yeah, sure you have to figure out your various budgetary matters and how to source your coins and then to learn about bitcoin along the way, as well as modifying your budget in such a way that you are not buying bitcoin beyond your level of discretionary income, so there are things to do with bitcoin, but you do not have to do all of those things prior to getting started, likely you probably would have to do with shitcoins. 

So one of the main things is to forget about shitcoins and just focus on bitcoin and then after a few years of investing into bitcoin and learning about it, then you would potentially be in a better place if you were to want to get involved in shitcoins, yet with shitcoins it is probably better to limit your involvement in them.. hopefully less than 10% of the size of your bitcoin investment.. .and no problem trying to be somewhat aggressive with your bitcoin investment so long as you don't reck yourself and you manage your bitcoin investment within your discretionary income (which means that you are using money that you do not need for your expenses).
483  Economy / Speculation / Re: Buy the DIP, and HODL! on: April 13, 2024, 01:59:20 AM
It's actually true that Bitcoin investment is not as risky as most people think, but it's actually risky, just as any other investment, so if anyone start telling you that their is no risk attached to it, bro, he is lying to entice you, but not only in Bitcoin, their is always a risk attached to all investment, that's why you will keeps on hearing the word, do your own research, so as to know more and what it entails and how to navigate your way around it.

Sure there are some folks who are actually saying that there is no risk in bitcoin, and some folks believe that if they DCA, then that takes out the risk..

So yeah, those kinds of representations of bitcoin or even using the DCA method would not be correct.

The more proper assertion would be to proclaim that the most that you could lose is 100% of what you invest into bitcoin, so you need to consider the possibility that you could lose 100%, and if you do not engage in leveraging behaviors, then the most that you are going to lose is 100% of what you invest, whether that is time, energy and/or value that you put into it.

On the other hand, bitcoin remains an asymmetric bet to the upside, and perhaps it is the best asymmetric bet that is currently widely available to almost anyone in the world.  Even though there are ways to benefit indirectly from the existence of bitcoin, one of the ways to benefit directly is to invest into bitcoin, so if you don't invest into bitcoin, you are most likely not going to directly benefit from it.

Good luck in terms of deciding how much to invest into bitcoin, but surely it seems an overwhelming majority of the population don't have enough bitcoin, so the problem tends to be underinvestment rather then overinvestment, yet each of us has to decide for ourselves in regards to how aggressive that we are ready, wiiling and able to be without over doing it and recking ourselves.

Lastly, as for the alt and the shit coin, they are the real danger, and most people are not aware to the fact that they will definitely get burn by investing in them at some point,  the major problem they mostly have is greed, because they only pay attention to the crazy returns, forgetting about security, and forgetting that they falls more than they rise, but anyone that cares more about security will have nothing to do with alt and shit coin, because they are actually gambling with their hard earned money to me.

Sure, we probably agree here.  Just say no to shitcoins, and if you cannot resist investing into shitcoins, then limit such investment (if we can even call it that?) to less than 10% the size of your bitcoin investment, and the better thing is to figure out bitcoin first and get your strategy and your plan execution in order in regards to bitcoin prior to getting distracted into any shitcoins, even the ones that seem shiny and alluring. 

In other words, fuck shitcoins and focus on bitcoin first prior to getting distracted.. but hey, if you cannot help yourself at least limit your exposure (of your time, energy and/or value) to such nonsense.

You can deposit bitcoins using DCA method but have you ever thought that you need a strong wallet.  Bitcoin storage should never be deposited in a light wallet, because you can never ignore Bitcoin, Bitcoin is a valuable asset.  So the best way to save Bitcoin DCA method and even better way is to use strong wallet.
The DCA strategy is used to accumulate bitcoin, not to deposit bitcoin in the non-custodial bitcoin wallet. After getting a good non-custodial bitcoin wallet, you need to protect your wallet's private key or seed phrase from people and back it up in two different locations that only you know. If someone gets hold of your wallet private key or seed phrase, he or she can initiate a transaction and move your bitcoin to a another non-custodial bitcoin wallet.

Even though you are correct, some folks get confused by the term "non-custodial," and yeah, "non-custodial" means the same as self-custodial, and I personally think it is much more clear to use the term self-custodial in order that fewer  people will be confused.

I am not sure who came up with such dumb term "non-custodial"  that is confusing as fuck, yet everyone should be able to figure out what "self-custodial" is.

When possible, it is better to use more clear language in order to lessen the likelihood of confusion, especially when newbies are sometimes trying to figure out what they need to do.. or what they need to learn about, yet they might not even understand the terms that are being used, especially when the terms are ambiguous and potentially purposefully meant to mislead people.

In regards to custodial wallets, it is likely better to describe those as third-party custodial in order to clarify that they are wallets in which someone else controls the keys or that there might not be certainty in terms of the exclusivity of the wallet.. such as exchanges and other services that people use and they do not hold the keys, so those wallets are called custodial wallets, yet for clarity they are third-party custodial, so that should emphasize the point that someone else has the keys (or potentially can block the person from being able to withdraw the money from those kinds of third party custodial wallets).

You can deposit bitcoins using DCA method but have you ever thought that you need a strong wallet.  Bitcoin storage should never be deposited in a light wallet, because you can never ignore Bitcoin, Bitcoin is a valuable asset.  So the best way to save Bitcoin DCA method and even better way is to use strong wallet.
The DCA strategy is used to accumulate bitcoin, not to deposit bitcoin in the non-custodial bitcoin wallet. After getting a good non-custodial bitcoin wallet, you need to protect your wallet's private key or seed phrase from people and back it up in two different locations that only you know. If someone gets hold of your wallet private key or seed phrase, he or she can initiate a transaction and move your bitcoin to a another non-custodial bitcoin wallet.
I think this should be a primary thing in which anyone intending to hold BTC with whichever strategies must first put in place mostly when it involves valuable currency like BTC and holding for a long time no matter how small the investment should be a safe Wallet with private and strong security is meant to have been put in place. I think the custodial wallet has been announced severally on the forum even other wallet having similar feather and capable of holding BTC and give holder privacy as regards to security is there for holding.

That is part of the confusion, since "custodial" does sound safe, but it should be made clear that custodial is the same as someone else holding your coins rather than you holding your own coins, which causes me to suggest that it is better to use more descriptive terms in order to describe custodial wallets as "third party custodial" as opposed to self-custodial.  Self-custodial is more under your own control; however, there is a problem that people have to be responsible when using self-custodial wallets, since no one is going to save them if they lose their password.  A third-party custodial may well provide recovery of wallet advantages, so sometimes there can be confusion about the advantages and disadvantages and the level of responsibility that a person might need to make sure that they have when they control their own private keys... and it can be scary for people to be their own bank and to be in charge of their own keys and that they have to make sure that they are able to recover their coins in case something goes wrong with their self-custodial wallet.

I think knowledge in general is necessary and security as well this wallet is necessary because while adopting DCA as way if long time using wallet that give this security and confidence is very necessary I supported your point of view.

Fair enough.  Yes.  There are needs for balancing in regards to where you keep your coins and what kinds of trade offs there might be in terms of how much value you are keeping in any one location and whether or not you control the keys or if the keys are controlled by a third party, and also there are likely varying kinds of security trade-offs depending on what service you are using (if we are referring to a third-party custodian) versus what kinds of features might exist (including also security tradeoffs and even variance in ease of use) in regards to various self-custodial wallet solutions that are available.

[edited out]
When the market price andcapitalization is red, the tendency to buy bitcoins means you are literally making more money. If you have enough money you can set aside for dips and DCA you should be encouraged to run at the same time. To become a good and successful investor you need to experience buying and selling from all kinds of markets. If the original red letters encourage you to buy more, the green letters can encourage you to sell more these trends can be a hindrance to depositing bitcoins. So I would say that your habit of buying bitcoins at all prices (regular buying) is one of the signs of your trading success.

You must be lost, cxtreenal.  We are not talking about selling in this thread or trading, so the mere fact that some of us are talking about buying on the  dip, does not mean that we are also talking about selling, since one of the main ideas of the thread attempting various ways to accumulate bitcoin and selling is not one that we are discussing in this thread.. nor trading... those are topics and/or techniques for other threads.
484  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 12, 2024, 06:06:01 AM
That is pretty dumb.
I know
Even if it performs a huge correction
Fine I will wait.
It rises to my profit taking line
I start taking profits
Campaign already doing my accumulation and I like my personal fund average of btc at $39K.
If a correction comes before or after the halving then I can start personal accumulation.
I'm not getting too greedy.
That's me,  I only have a strong hand when in loss and not when in this kind of profit.
I'm not in most y'all level yet.

Don't let me talk you out of any of your dumbness.  You should do what you believe best, even if some others here might consider it to be dumb. 
You are the one who is going to have to live with the consequences of whatever you choose to do, or not to do.
485  Economy / Speculation / Re: Top 20 days for Bitcoin on: April 12, 2024, 05:27:42 AM
Well another 70k+ day we now have 10 days over 70k.

There is a pretty BIG difference between 1st place and 2nd place (nearly $1,500).. but surely we have been spending the last couple of weeks inching our way up.. and clearly there must be some kind of sign that we are spending a decent amount of time in this top area.. and continuing to push UPpity...

At the same time, there are quite a few guys considering this to be some kind of a fake top or that a price correction is inevitable.

Sure, I will grant that price corrections can happen at any time, but I am having difficulties appreciating those claims of inevitability when it comes to down before up.. and also that we still are largely in the middle of noman's land and the thesis has not been broken in regards to the meaning of noman's land.. which is that inclination are more towards up within such noman's land territories.. (aka bat country)
486  Economy / Speculation / Re: Buy the DIP, and HODL! on: April 12, 2024, 05:07:40 AM
Buying of Bitcoin now it is the best time that you can buy a Bitcoin and the invest it for long time because when we entered halving I think that the price of bitcoin will skyrocket in value, so let us know that Bitcoin does not have a particular time you can purchase it and the key for long time it is when you have the opportunity to invest in Bitcoin is when you will purchase it and the serve it for long-term investment or short-term investment depending the level of your capitals and how you want this duration of your investment to last so buying a bitcoin does not have a time Factor you can decide to buy anytime you feel like
If we consider the future of Bitcoin we will not even allowed any current price of Bitcoin now to determine the goal of our accumulation that's why I still wonder why most people always expect the Bitcoin price to fall to a particular level before they could start accumulating because to me I see every price level of Bitcoin as an opportunity to keep investing because I'm not looking at the present condition but instead I'm being propelled by what the future holds for it because let's take for instance in the next 10 to 13 years the price of Bitcoin rise to $500k or above would you still consider the current price level now before buying?, so actually this is how I see the potential of Bitcoin that's why I'm not always concern about the current price.
When you have so much believe in the future of  a project the current market value won't be of a concern to you as to when and at what time you would have to be investing in it. Secondly, not all investors want to stay with the investment for a long time of 10-15yrs and it could be a 3-4yrs for them, that's why they only pay attention to the dip before they buy which for me I still view it as a strategy for them maximizing time base on the years they have set for to take profit.
Mate,  I don't completely agree with you on this. However, let the clarity be made for what should be called short term and long term Bitcoin investment, in terms of duration. Holding a Bitcoin investment is at the minimum of 4years that is one halving circle where Bitcoin normally hits above it's previous ATH. Hence, any Bitcoin investment below 4 year shouldn't and can never be called a long term Bitcoin investment just as you included 3years in your expression, every long term Bitcoin investment should be from 4years  which is a whole a a whole circle and above which is another way of differentiating long term from short term Bitcoin investment, they shouldn't be seen as a long term Bitcoin investor or a hodler and I can not comfortably call them Short term investos but will preferably call such sets of people traders.@jayjuanGee I hope am correct?
It is correct that any long term plan in bitcoin investment most be at least 4 years due to the halving circle for the investor to make profit from the bullrun, nevertheless, when I said 3-4 years long term bitcoin investment and you're disputing it that's because you are not considering the fact that there are investors that will be starting their investment after one year of the previous bullrun giving them three years left to DCA till the next halving and bullrun. 3 years is viable enough for a consistent DCAing investor to accumulate a considerable amount of bitcoin if he's doing $50 each week for 3 years to a next bullrun.  That was the angle I was thinking from that I had to say from 3-4 years could be considered a long-term investment. I should believe you now understand.

Every time you buy BTC, you should be considering that new purchased BTC in terms of a 4-10 year time horizon or longer.

Sure if you had been investing into BTC for 3-4 year, you are going to have BTC that you purchased that are older and some that are more newly purchased, but the mere fact that some of your earlier purchases are already more than 4 years invested, that should not be enough of a reason to start to cash those ones out, even though you surely have more liberty in regards to your longer purchases, and also in the end you can do whatever the fuck you want, even if you do a bunch of dumb shit because you think  that you made it and you had barely even built up your BTC holdings, yet you start to conclude that you have some coins that are older than 4 years, and so therefore you should start cashing out some of your BTC, rather than staying focused on the more important considerations in regards to where are you with your overall BTC holdings? Do you even have a whole year's income/expenses that are built up into your BTC in terms of how much you invested versus how much the BTC might have appreciated during the time that you were building your stash and presumptively the older coins are more profitable than the newer ones... yet even with all this assessment, the overall conclusion may well be that your stash is not even close enough to be considering moving away from accumulation unless you had been able to lump sump and to front load it and/or some of those various tactics that you invested a lot early rather than DCAing that takes way longer to build your BTC holdings, even though DCA may well be the ONLY real meaningful option that you might have had during your investment into BTC over the years.
487  Economy / Speculation / Re: Road to 100k? on: April 12, 2024, 04:40:28 AM
One of the most common behavior of people is that on the time that when they are seeing price rally on which on the time that it did break up Bitcoins ATH then they would really be having that kind of boost of feeling or emotion that it would really be able to break 80k easily without even trying out to reconsider that there would really be corrections after a pump. It wont really be that a smooth sail ride just like on what
thsoe people been anticipating. Come to think that we arent still on a bull run yet. Yes, its good to see that we are watching BItcoins price to hit up or break those ATH but we arent really that too farm off.
We could really be able to see up into technicals that its already overbought on which anytime it could make out that kind of correction on which it did really happen.
Dont tend to raise up your hopes that breaking 80k would be simple but of course this one is inevitable since we arent still on bull run yet.
That's how I felt when the price of Bitcoin was running very fast  and it was as if the next day we're going to see a very different amount that's even more than $80k. I think the over excitement happened because of the joy of seeing it hit a new ATH and we were expecting more, everybody likes to be on the profit side of business.
We knew there would be corrections but the market flow was on the positive side and it made many to forget it won't last for long. This time around the price has gotten to the stage where some of those holders would feel they had lost but I believe another movement is getting ready to hit $80k or even more.
Profit is good but we shouldn't disregard the possibility of losing, so that we can slow down. Having this attitude is what makes us to be more successful. Market is unpredictable, that is why some times the rise continues for quite a long time but we should not be confident about it.

From my perspective, newbies seem to become too overly obsessed with short term profits and not considering how to stack a sufficient quantity of BTC for the long term - which surely may be one of the danger points in having a thread that focuses on the road to $100k.. since what is so important about $100k anyhow?  $100k is just an intermediary point..   Yeah, there may or may not be resistance there.  Sure we did not make it there last cycle, even though many then BTC HODLers were considering it to be nearly a shoe-in (including yours truly), yet don't get me wrong, even though some of us thought that $100k had pretty high odds last time around, having that view would not necessarily mean that we are taking any actions much differently than we did when the top of last cycle ended up being $69k rather than $100k... ..

yeah, sure if anyone actually knows the price they can trade on that information.. but people do not really know, so just buying and holding seems to be what most people are doing at these prices or anywhere along the road to $100k and beyond.. Most people should just be buying, since most people do not have even close to enough BTC.. yet at the same time most people do not know it.. even the traders who think that they are going to be able to increase their BTC stash by selling rather than the most assured way to increase your BTC stash is by ongoing, persistent, consistent and perhaps even aggressive buying of BTC.

We must remember that there is what we called corrections and other similar events which makes the price goes down. Hodler means they are already holding for a long time and the price rise greatly last time. If there are corrections that we experience that is only small and as you predicted, there is still more rises and recoveries to come, so they shouldn't feel bad.

Overall, we should consider that BTC's price is going up.  It is just a matter of having a perspective that is long enough so that the shorter term volatility does not distract from an overall understanding of the likely price direction.

I do find it problematic for members, such as you Tmoonz, to continue to conflate the terms of lump sum buying and buying on dips, since there are meaningful differences in the concepts and the practices and the reasons why someone might lump sum invest versus buying on dips... In other words, there is no need to refer to some form of buying on dips as lump sum merely since you might be buying more BTC than what you would usually buy...

The idea of lump sum is having some amount of BTC that you are holding right now (whether you got it from surprise source or you made such amount available to you by moving it from some other location or if you take out a loan), and you decide right now in regards to how much of that amount that you are going to invest right now with that amount that is currently available to you... so that amount that you would use to buy right now is not necessarily connected with whether or not there is a dip, but instead connected with your own decision regarding how much of that amount that is available right now that you want to use to buy BTC right now in order to prepare for UP that may or may not end up happening.

Anyhow, the main thing I am continuing to suggest is that lump sum and buying on dips is different.
If I got this right, then lump sum is actually an extra amount of money, maybe outside your DCA, an amount that you recieve and you put into btc investment at once. I'm not sure if I said that right, but I'll continue to rephrase . What I understood,is this, lump sum, is the strategy where the entire amount of available funds is invested immediately into Bitcoin. For example, an investor is using the DCA method, and let's say his allocation ( assumptious figures) is $100 weekly, and he inherits or by some means gets $10,000 , and he invests it all, that is lump sum.
Right?
That means all the available cash has been invested. Or simply put this way, deploying every available capital to invest. Sometimes, it may not be to that extent though, but investing an amount that is considered of good value, all at once.  I think that last part best fits your explanation. An investor , recieves a certain amount of money, and decides to invest with it, outside his DCA,and the investor decides what amount of the sum he received to put into his investment at once, that's lump suming. This has nothing to do with the times at which you buy, dip or no dip.
And buying at dips just simply put is just the practice of buying at those price declines.
I think I got you, Jay.
Yes the idea of the lump summing has  much to do with the investor decision in terms of the available huge sum that he /or she decided to use and make a sizeable purchase right away without considering any market conditions whether there is a dip or not . However, it a strategy on it's own that are some time use as an upfront investment strategy which does not make it compulsorily that you must have been have been using the dca strategy before you could use the lump sum, although the combination of both can actually give an investor a better result in terms of his/ her investment goals and objectives by maximizing every opportunities in the market.
Yes, but then what else is there to know about lump suming, except for what it means,  let's use this opportunity to debunk this.
Investing a lump sum means that you don’t have to try to figure out the best time to make periodic investments, which is good. I realized that people tend to panic and sell off their holdings when they try to track the market, lump suming takes off the burden of monitoring the market for dips so that you can buy Bitcoin. "The price you pay for the investment(s) may be high or low. If you invest when prices are high, you run the risk of incurring a loss if you need to sell in the near term" to what extent is that true and practical.
IMO, DCA underperforms the lump sum strategy, If you assume that the assets you are investing in will increase in value over time (otherwise why invest right?), then it should be clear that buying now will be better than averaging in over 100 years. Waiting a century to get invested will not be kind to your purchasing power.
That is my opinion, but I'm open to clarification. I would also like your contribution @jayjuangee .

I hate to get in long discussions that repeat comparing DCA and lump sum, and surely there are a lot of advantages to lump sum, especially for folks who have options to employ lump sum, but if they don't already have lump sum, then frequently their best strategy will be to buy as aggressively and consistently with DCA as they are able to do.   

Also if you have a salary that provides you an extra $1k per month that you are able to invest into BTC, then surely you could invest that at around $250 per week, or maybe you would hold back and ONLY invest $125 per week.  If you also get a bonus or you have some funds that you have saved up or invested over the previous 10 years, then maybe you had already invested and built a portfolio that is around $50k in value, and so you happen to want to consider if you might want to get your bitcoin investment up to 25% of your overall investment portfolio, which currently that would mean a target of $12,500.  Many times a person is going to be reluctant to cash out of something in his investment portfolio in order to add a new asset class (BTC), so he might just DCA into BTC until he gets up to his target allocation - and surely there is a bit of a moving target, but if for some reason he gets a bonus of $6k, he might choose to lump sum that into BTC or maybe to divide that $6k into three parts in terms of considering DCA, buying on dips and lump sum, but since he already has a fairly aggressive DCA in place he would then consider buying on dips and lump sum, and if he is concerned that the BTC price go up, he might choose to allocate most (if not all) of the $6k to buying right away since he might consider that his DCA already covers buying on dips since the DCA will happen every week and if the BTC price dips, then he will employ his DCA at that time. and so with his DCA he is buying whether it dips or not... and so maybe after 6 months to a year, he might have had reached his target level of BTC accumulation, by at least allocating 25% of he overall investment portfolio to BTC.

So then once he reaches his target allocation he may or may not readjust his thinking about BTC or maybe he just continues to invest into 25% BTC of his investment moneys and the other 75% into other investments, and if he gets another $6k bonus one or two years later, then he is thinking about where to put such money, so his decision about how to allocate might be different after he spent a year or two accumulating BTC, or maybe he ends up getting more bullish on BTC and considers increasing his BTC allocation to a higher amount, since maybe he starts to consider what his overall salary is and whether his investment portfolio constitutes several times his annual income, then maybe sooner or later he will start to be able to live off his investments, and in that regard, he considers that maybe BTC is the better of the places to invest, and he disproportionately continues to invest into bitcoin, yet ONLY after he had gotten more comfortable with it.

Not everyone is going to figure out their BTC allocations, and many times it will take 30-40 years or more to really build up an investment portfolio, yet bitcoin seems to offer opportunities that guys are able to build up in half the time as it might take them in traditional investments, but they still have to figure out how to manage their BTC investment in terms of both building it to a good size, but also making it stable enough so that guys do not get reckt along the way, since there are ways that guys could become overly aggressive and not sufficiently protecting their cashflows and their expenses so that they don't have to cash into their BTC before they had built it to a large enough size that they are ready to want to cross into a different way of treating their bitcoin (meaning they have not only accumulated enough, they have accumulated more than enough, which justifies starting to sell it rather than accumulating it).

Another psychological element here is that you shouldn't tempted to sell, and should be looking at the long term prospect of your investment. So it will not be just months of saving, it should be at least a year, bear everything because in the end you will have a good ROI.

In bitcoin you should be thinking 4-10 years or longer.  Anything less than 4 years is just playing the market (and playing short term price waves) and failing/refusing to recognize and appreciate the power of bitcoin as a long term asset that you should continue to build, even if the first 4 years might have a lot of volatility and even in the future there will be volatility too, but if you continue to build your BTC holdings you will be in a much better place to tolerate its volatility the longer you build your BTC holding size..

I think the buying time is already over. This time is for waiting the selling time (exit). We already have many dumps, most of us must already buy Bitcoin many times. The pump was also happened already, I think everything looks like as you predicted.

That is dumb to be buying and selling BTC.. when it is the best asset known to man and you are trying to play its price waves..

By failing/refusing to mostly accumulate BTC and fuck around with short term gains, you are going to have fun staying poor with mediocre profits as compared with strategies that mostly build their BTC holdings through many years.
488  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: April 12, 2024, 01:52:53 AM
I have a different routine now and working mostly on the lower body but great job to those who started early and followed through this challenge. They probably do 50 to 100 push ups in a row but it's just a mere warm up before lifting hehe. Can you confirm this JJG?

I have been doing some lunges, and I am thinking that the lunges might be good since they can be done anywhere, just like pushups.
Lunges exercises are also good exercise, outside that this exercise can be done anywhere it's also a powerful exercise that help to strengthen and shape almost every muscle in the lower body like the glutes, hips, quads etc.
Sometimes I use lunges exercise to end my push-up exercise in any of my session I usually start with the minimum of 3 set 10 reps in the first set, 12 reps in the second set and 15 reps in the third set, then when I want to increase my intensity I do a walking lunges exercise. This exercise has really helped me a lot combined with my push-up exercise.

Yeah, I might have to figure out a way to get more serious and regular about it, since I tend to do it somewhat infrequently, and it is kind of tiring to do them.

In recent times, I have been doing them as a walking lunge so that I continue to walk and my knee barely touches the ground with each step and I tend to keep my arms out for balancing, even though I know sometimes folks will add weights, like 10 pound or higher weight dumbells in each hand, but I find them hard enough to do with just body weight.  so maybe I will do 10-20 lunge walking steps at a time, and maybe a few sets depending on how I feel, and probably if I was more consistent I could probably increase the number of steps.

Here's a descriptive article:  https://www.healthline.com/health/fitness-exercise/lunges-muscles-worked

I agree with you, JJG. Some of us cannot do up to 10 push-ups a day, but if this rule is implemented, they will do their best to improve their push-ups because they will want their names to be included in the table.
As long as a person isn't suffering from any health issue isn't not been able to do 10 push-up exaggerated.
Do 2 in the morning
Another 3hours time before the day runs out 10 should be possible.
Using 2 is the minimiest I could go.
Okay 100K,Ambatman50,50,2024-04-10.
After hitting 50, I said let me rest before adding a 10 or 20.
Closing my eyes the next thing I heard was my alarm ringing for work  Cheesy
The good news is I'm sure I did it to my limit including doing abdominal crunches( can't neglect the abs)
And the bad news my muscles are rigid.
Did some stretches and push-up of 5(the mind was willing but the body wasn't) before heading to work.
Might not be able to do up-to the 50 today but let's see how competitive I can get.
In a week or two I'm sure I would be able to do 100+ per session
Was my normal routine before falling ill.    

You are posting your format wrong Ambatman.  The way you posted, it looks like you have 50 days and 50 pushups, which would be 1 pushup per day.  I know tht you are trying to say that you did 50 pushups on 4/10/2024.. but for the purposes of the table, that is not how you report.

You need to put the total number of days that you have been doing your pushups after your user name, and then the total number of pushups that you have done at the time of your last posting of your update, which the date is meant to show the last posting (or the posting of  the total number of days and the total of push ups up until that time).

So, I did my 200 already because it's going to be a busy ahead. I came here and saw tge leaderboard thing, and I love it!
I have my own source of motivation, but this, totally hits different!
I'm going to try to advance beyond my 200 mark in subsequent push ups. I'm thrilled, yes. This is something that should've been done before now, although it's  still a blast.
I edited the list though

Instead of editing the table, all you need to do (to get your updated information into the table) is to put your updated information in the proper reporting format.  Like this:

100k,Kwarkam,44,8800,2024-4-11
489  Bitcoin / Bitcoin Discussion / Re: Mempool Observer Topic on: April 12, 2024, 12:50:04 AM
Now throw maybe a 10% capacity decrease because of the halving as some miners might shut down and it's going to get uglier.
the halving wont kill off the miners. the spot price has already and will look after miners
in short mining had no issues 6 months ago at 6.25btc for <$218.75k (btc was under $35k 6 months ago)
even if 1btc is still $70k next month.. 3.125btc will be $218.75k

miners were not screaming poverty 6 months ago where 1btc was under $35k/btc

Another thing, even if half the miners closed down, which I agree with franky they are likely not going to be shutting down in large portions.  Maybe we won't even lose 10% of them, unless the BTC price goes back down to $50k or perhaps lower.  None the less, how does fewer miners affect how many transactions are processed?  The question of how many transactions for normies are being processed likely has to do with if there is any space left for them after the "higher paying" transactions get processed first.

And, I don't claim to know what might be the latests rush for blockspace that seemed to have started around Monday-ish (4-ish days ago).. and has been pretty steady since.
490  Economy / Speculation / Re: Top 20 days for Bitcoin on: April 12, 2024, 12:09:34 AM
We use odds of 100:1, outline terms as follows:

1. tertius993 will wager 0.01BTC to be paid to JayJuanGee if tertius993 loses

2. JayJuanGee will wager 0.0001BTC to be paid to Dirtykeyboard* if JayJuanGee loses

3. tertius993 will win if on at least one day in the next 78 days the volume weighted average USD price on Bitstamp (as reported in Dirtykeyboard's daily update to this thread) is less than $67,483.

4. JayJuanGee will win if for the next 80 consecutive days the volume weighted average USD price on Bitstamp (as reported in Dirtykeyboard's daily update to this thread) will not be less than $67,483

5. If Dirtykeyboard stops updating the thread before the 78 days are up, the bet will be void.

6. If the lowest volume weighted average USD price reported in the next 78 days is EXACTLY $67,483 the bet will be void.

7. The "next 78 days" means the period from today up to and including 27 June 2024.

* as a thank you for the updates to the thread

I think I have calculated the number of days correctly but happy to be corrected on that.
Your framing of such a proposed bet is not very annoying.. and I am thinking that right now it is 76 days remaining, since the number of days has to do with whether the tradeweighted price would fall of the 100 day chart without having any one day below that price.

In regards to your number 6, it would almost be impossible for there to be a tie if we were to use the actual digits of the underlying data,.. since DirtyKeyboard has already shown us that the data does down to around 10 digits or

[edited out]
2021-11-09  67482.752117444
2024-04-04  67481.7742406439

Maybe I should upload the raw data to a linked public cloud drive?
In that case we can strike no. 6.

And yes, we need to get the number of days exactly right - indeed I notice a typo in my suggested terms that needs fixing, no 4. said 80 instead of 78.

If you agree copy the terms into a new post with just the terms and say you agree, I will then quote and agree your post.

If you want to change anything propose your amendments and we can take it from there.
I will have to think about if I want to agree or propose any changes, but what you are describing seems to be somewhat reasonable and even bettable in the 100 to 1 sentiment... .though I might want a escrow. and DirtyKeyboard might not appreciate receiving dust (of 0.0001 BTC), if I were to lose the bet.
Yep, fair point, in fact Dirtykeyboard would need to agree in any event.  If he doesn't want it we should agree a suitable destination for the 0.0001 if it becomes due, maybe ChartBuddy?

I see no particular need for escrow, but have no issue if you want to find someone.

Also note I'm away for a few days and probably won't have good online access now until Sunday/Monday.

Of course, on my end the amount of the bet is not very much (since it is being framed in terms of a 100 to 1 chances.. so the amount is attempting to reflect that, yet on your end, the amount becomes quite significant, especially in 75-ish days the BTC price could end up in over $100k and your 0.01 BTC amounts to more than $1k dollars.. while currently mine is around $7 and if the BTC price goes down in such a way that I would end up losing the bet, then presumptively it would be less than $7 when I were to pay the bet.  .. so lopsided bets seem to have more justification for escrow.. yet I don't really have any reason to believe that you are not good for it.. since the bet does not really seem that complicated.

As we already mentioned, the odds are surely more likely that I am going to lose, but the amount on each side justifies going into the bet at 99 to 1 odds... and the main point of the bet is that I would be betting that the BTC trade weighted prices through the system of positing of DirtyKeyboard is not going to end up going below

2021-11-09  67482.752117444

prior to that November 9, 2021 date getting pushed off the table.. and yeah, by today there are ONLY 75 days remaining that the trade-weighed price would need to stay above 67482.752117444 in order for November 9, 2021 to get knocked off the top 100 table.

As far as the payment of the beneficiary of the bet in the event that I lose (which is the most likely outcome), all you have to do tertius993 is give me a wallet address and I will pay it whether it is an onchain address or a lighting address, yet I am not going to feel as comfortable paying such a low amount (of 0.0001 BTC) to a regular onchain bitcoin address if there remains such uncertainties with fees.... or if it is going to someone who had not agreed to take it, then they might consider such a low payment amount as a kind of spam (or a dust attack) unless it is getting sent to some kind of a wallet that the recipient would be sure to be able to manage such small amount in the future.  An exchange address would actually work o.k. for that kind of a purpose, yet I am not sure if there might be some exchanges that don't want to receive dust amounts.. .. but I don't know about any of them providing such minimums.. . .even though I have seen some that have trade minimums (around $5-ish, and those kinds of minimums could change with times too)..
491  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 11, 2024, 06:21:40 AM
Lol at the headlines. Inflation is .1% above expectations.
And when you sell bitcoin because inflation is higher, you really don't get it.
yep it looks like I will be getting some cheap corn today or tomorrow.

Yeah, and waiting for lower prices might not be very good an idea.  Lower BTC prices are far from guaranteed.

ETFs -> n00bs
n00bs -> weak hands

Gotta shake em out every cycle.

The shaking also goes in the other direction, from time to time there is no more coins to shake... especially when the demand is much higher than the supply.

But yeah, sure, expect prices to drop from here when the have already been consolidating around these prices (by the way in noman's land to boot) for over a month.

Good luck with your expectations of down before up.  You will likely need it.

Bought some today around $68100
With the one day chart,  I plan to start taking taking profits around $73K.

That is pretty dumb.
492  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: April 11, 2024, 05:44:09 AM
I have a different routine now and working mostly on the lower body but great job to those who started early and followed through this challenge. They probably do 50 to 100 push ups in a row but it's just a mere warm up before lifting hehe. Can you confirm this JJG?

Not me.  I have only been doing a few other things besides pushups... sometimes I walk.  Sometimes I do weights and/or stretches.  I have been doing some lunges, and I am thinking that the lunges might be good since they can be done anywhere, just like pushups.

Overall,  I am likely not even in as good of a shape as you seem to be suggesting that I might be, so I had to lessen some of the other physical activities that I had been doing in order to be able to focus on being able to do pushups and sometimes our whole body can become too exhausted if we try to do too many things, especially the older we get.  

If I were younger, I could probably do a lot more physical activities, but I am not generally in that kind of place in terms of age and even certain kinds of ailments that are largely age related, and some of my last couple years I have been trying to consider as potentially "long Covid" related, even though I try to treat myself well in terms of eating good foods and getting good rest, so my dietary and resting (and overall lifestyle) activities probably are helpful, even though there are likely things that any of us do from time to time that might not be as healthy as maybe we should have had chosen.  

So I do what I can, and later down the road, I may well be able to add some additional exercises, but surely not guaranteed that I will be able to recover if I end up doing too many exercises in any one day or if I might not be able to space out the exercises enough for recovery.  I will get overly worn out or sore and I won't be able to recover sufficiently.   I have to make sure that I have recovery time between my push up sets, and so even though my recovery time seems to going down pretty damned well and so the recovery times seem to be getting better, and my quantity of pushups per set and per day have been going up too..  even though it does not go up every day nor does it go up every set either, because I have some sets that are lower quantities of pushups.

As far as quantity, the most that I have done in any one set so far is 60, and so I have had less than 10 sets in total that have been between 55 and 60 pushups, and I am trying to push those results to higher quantities per set, but many times I cannot do any more than I am able to do, so in current times, I tend to fail mostly between 50 and 60, but I had a set today that I failed at 45.. I just couldn't do any more for that set. It was my third set of the day about 1 hour 45 minutes after a set that I had done 50..
493  Economy / Speculation / Re: Top 20 days for Bitcoin on: April 11, 2024, 03:31:06 AM
Wrong direction.  Angry
Serious drop today.

 67.7k which is a reaction to inflation rising which means rates are not going to drop.

Well
good for my silver
good for my wife’s 401k
not good for my btc.

You have not figured out yet, that king daddy cornz, aka BTC gives little shits?

Holy fucking shit.. you constantly get distracted by dumb short-term news and continuously seem to be missing the BIG picture, which likely means that your wife should already be drawing upon her 401k so that you are either able to defer drawing on BTC, ONLY draw minimally on BTC or even continue to stack BTC while you spend from those various inferior sources also including your silver shitcoin, too.

You still don't see it?  After around 13 years in bitcoin and you still haven't figured it out?

Horey sheit, philip!

Gosh another wall of text to wade through. Have you ever thought about the advantages of a bit of brevity?

Fuck off with your patronizing nonsense.  Is that brief enough for uie-pooie?

Key points:
yet originally I said that I thought that it was 10:1 and now I am more in the ballpark of thinking that the odds are getting to be 4:1, but why would I enter a bet in which you got all the surplus especially since you are thinking the odds are 999 to 1?
Going from 1000:1 to 100:1 is a ten-fold difference.
Going from 4:1 to 100:1 is a 25-fold difference.

So the majority of the "surplus" is on your side.

About 63:1 would put it in the middle.

Yeah, but we are ballparking anyhow.. so it makes it come off as if you may well be quibbling.. especially when you are trying to maximize by going with the 4 to 1 and even I had clarified several times that I was not even very committed to the claims, even when I first posted about the 10-1, I said that I was giving a rough ballpark, as compared with you stating that it is "at least 1000-1"

But still , I might consider some kind of compromise attempt at balancing surplus values, even though you do seem to be exaggerating a bit in your trying to lock me into 4-1 when my opinion was never very strong on that.. I was giving an off-the-cuff ballpark idea of what it might be and also even if the $47,483 were to be crossed in the coming days, that would not mean that my estimate of probabilities was a wrong estimate.. even though I was still suggesting that I might not consider them to be bettable, even if I did not see you making exaggerated claims on your own end of matters..

On the other hand the guy who believes that the odds are less than 1/1000, then he also considers the bet to be good since it is almost like free money since he considers that there is less than 1 time out of 1,000 that he would not end up winning the bet.  I am not sure what makes it so crazy that no one would enter into such bets if that is what they actually believe and they are willing to stand behind it.. It may just be a matter of the amount that ends up getting bet.  .. I mean would you really want to put a whole BTC at risk so that you might be able to win .01 BTC?  I did not even say that I would bet that amount, but I might allow you to put up 0.01 BTC if you are wanting to try to win 0.0001 BTC..  I think that would be 100 to 1 odds..  
I have already said I don't think it is a good bet for either party since I don't think we have sufficient meaningful data to properly assess the risk.

You are not in a position to decide what is bettable for another party, but you surely can decide for yourself, and sure it could be possible that we are not able to work out terms that each of us considers to be sufficiently bettable.. .but if I believe you are making outrageous claims, and you consider that I am making outrageous claims, just on the face of those ways of framing matters, it seems that we are in bettable territory.. even if we might not be agreeable t work out terms that each of us might be consider to be acceptable from our own perspective... why would I give any shits about your perceptions of risk?  you have to figure that part out for yourself... The same is true on my end.. .you have no need to worry about whether I have hedged my risks or whatever, and if we are worried that they other might not pay (if he loses), then we might have to seek someone to escrow the bet.

I think when push comes to shove, you would not even be willing to stand behind your own probabilities of 1000 to 1
Any more than you are willing to stand behind your odds of 4:1?

We can agree to disagree in terms of claims of waffling.

Of course the BTC price goes up and down all the time, and surely $2,500 does not mean as much in these upper $60k prices as it did when we were in the $6k prices.
Correct but irrelevant to the point I was making.  When we are less than $2.5k above the price point we are discussing, it means rather a lot.

Of course, it does but we have not made any bet or otherwise taken action on our assertions besides stating them in a forum thread.. so who cares?

It could go up before it goes down too..
Also correct but also irrelevant for the same reason.

Not irrelevant for the purposes of planning your own situation regarding what are you going to do in terms of managing your BTC portfolio whether you are a trader or merely someone that holds on and never sells or maybe if you are still accumulating BTC.. There are a lot of situations in which you might assess to do something different that is partly based on the current price and/or expectations of future price direction.

Already sufficiently explained to the extent that any of the nuances even matter in the whole scheme of things.. The ONLY time that the assignment of odds might matter would be if there might be some action that is being considered around the assignment of such odds... so right now I am floating between 1/4 and 1/10 and you are supposedly higher than 1/1,000 even though you are unwilling to enter a 1/100 bet.. so it probably shows that you are not as convicted as you are making it out that you are... to the extent that any of it even matters...especially if neither of us is planning to act upon it.. at least we have not figured out some kind of an agreeable action point, yet.
OK, so you are just guessing, you have no logic?

I have explain this point enough.  Whether we agree or not or understand each other or not, it may well not matter that much, it seems that I have explained it and perhaps even over explained it to as much details as seems to be worthy of repetition.

Since you seem so keen on a bet how about this?

I am not that keen on a bet, and I am getting some senses that you are being purposefully annoying.

We use odds of 100:1, outline terms as follows:

1. tertius993 will wager 0.01BTC to be paid to JayJuanGee if tertius993 loses

2. JayJuanGee will wager 0.0001BTC to be paid to Dirtykeyboard* if JayJuanGee loses

3. tertius993 will win if on at least one day in the next 78 days the volume weighted average USD price on Bitstamp (as reported in Dirtykeyboard's daily update to this thread) is less than $67,483.

4. JayJuanGee will win if for the next 80 consecutive days the volume weighted average USD price on Bitstamp (as reported in Dirtykeyboard's daily update to this thread) will not be less than $67,483

5. If Dirtykeyboard stops updating the thread before the 78 days are up, the bet will be void.

6. If the lowest volume weighted average USD price reported in the next 78 days is EXACTLY $67,483 the bet will be void.

7. The "next 78 days" means the period from today up to and including 27 June 2024.

* as a thank you for the updates to the thread

I think I have calculated the number of days correctly but happy to be corrected on that.

Your framing of such a proposed bet is not very annoying.. and I am thinking that right now it is 76 days remaining, since the number of days has to do with whether the tradeweighted price would fall of the 100 day chart without having any one day below that price.

In regards to your number 6, it would almost be impossible for there to be a tie if we were to use the actual digits of the underlying data,.. since DirtyKeyboard has already shown us that the data does down to around 10 digits or

[edited out]
2021-11-09  67482.752117444
2024-04-04  67481.7742406439

Maybe I should upload the raw data to a linked public cloud drive?

If you agree copy the terms into a new post with just the terms and say you agree, I will then quote and agree your post.

If you want to change anything propose your amendments and we can take it from there.

I will have to think about if I want to agree or propose any changes, but what you are describing seems to be somewhat reasonable and even bettable in the 100 to 1 sentiment... .though I might want a escrow. and DirtyKeyboard might not appreciate receiving dust (of 0.0001 BTC), if I were to lose the bet.

got close today 67,494.

lets argue that is the correct low.

 it missed by under 15 dollars

the real question is do we swing up hard and no dance of a dump.

we are certainly right at the low point easy peasy.

Part of the reason that we are looking at these trade-weighted averages is to get away from getting worked up about highs and lows, so the weighted price did not even come close to $67,483, even though the low for the day did... so anyhow fast-forward ahead and we still finished the day close to $1,500 higher... so when you had posted your earlier post, there were ONLY three hours left in the day, so most of the day's numbers had already been established by then, so there would have had to have been a lot of volume in the last 3 hours and the price would have likely needed to bounce at least a few thousand below $67,483 to bring down the trade weighted price for those last three hours of the day.
494  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: April 11, 2024, 12:17:49 AM
[edited out]
You have really done a great job here at DirtyKeyboard bring up this idea and putting up this table format is not really an easy one for I have tired doing it but I couldn't.
Username           Days.          Push-up.        Last date
Zackz5000          41               3900              2024-04-10
Hope you include my push-up activity in your next table format. Thanks.

In order to get picked up, proper format is:

100k,Zackz5000,41,3900,2024-04-10

2) I don't mean to be a fuddy duddy, but I think that there should be a rule that in order to be eligible to be included in the table, your average amount per day needs to be at least 10 pushups per day.... we gotta aspire to at least some kinds of minimum standards.. Accordingly, bitcoin is not a shitcoin, just like our participation in this pushup activit is not participating in a shitcoin (at least it does not seem that way to me).. Hate me all you want, yet if any of the reporting members cannot even average 10 pushups per day, then let's eliminate them from the table.. yeah. .JJG the hater.... but we have to have some standards and this is a thread to inspire the doing of pushups, and in that light I imagine if we were to ask any of the guys reporting pushups so far, we would have an overwhelming level of consensus - even if we have a soft heart for guys not being able to carry out many pushups, no one is likely to say that we are being overly harsh by instituting a minimum of a 10 pushups per day average requirement in order to qualify for being included in the table.
i agree. i must withdraw.

Apparently, once you started and reported in-for-duty, DirtyKeyboard won't let you quit.

He's too inclusive (or might we describe it as "tolerant."  #justsaying.

Is true though that we can't tell who's actually hitting their pushups, that's the reason sir JayJuanGee said something about dropping some proof on how they got that specific numbers of pushups. Well there's a chances that some users that claim they have hitting a certain numbers of pushups may have not even gotten to such they have claimed. But all I know is that there are still users here who actually taken the challenge serious.

I did not intend to suggest that there is any way to prove whether members are actually doing the pushups that they are claiming to do, so largely I considered that we were on an honor system in terms of reporting of the number of pushups that we are doing, yet if the claims seem outlandish, some of us might question the claims and suggest some explanation (or further explanation) be given for claims that seem extraordinary.

[edited out]
100k, Troytech, 25, 1250, lastdate 2024-04-10

Proper format is to take out the spaces.  Like this:

100k,Troytech,25,1250,2024-04-10

I was pertispating In This contest for over a week but I got tired along the line. I wished I would have been added to this table but I can see that the list has been compiled. I see vapourminer is the least in the table I still have hope compared to him. If I had continued I will surpass many people on this table. But my not frequently coming here has made me mised alot. I can't lie it is very difficult to consistently do the pushup. But is the pushup still in progress or is it the final stage?

Do your pushups and provide a report of them in the proper format, and you and your pushups will get added to the table.

100 pushups completed, 30 pushups in the morning, 40 pushups in the afternoon, and 30 pushups in the evening just finished some minutes ago , it feels gooooood ( well can't actually feel my hands) , thanks to DirtyKeyboard for the motivation  Cheesy , honestly speaking don't think I'm hitting such number tomorrow 🥲 . I Noticed something during my pushups hitting 20 pushups once is way too easy now.

My reports : 100k,I_Anime,55,3632,2024-04-10     Smiley

Regarding your concern that you might not be able to do 100 pushups tomorrow because you feel that it was hard to accomplish 100 pushups today. ... Maybe you should try to do 5 sets of pushups rather than 3 - especially if you believe that it is feeling so difficult for you?  There still can be plenty of time 1 hour to 5 hours between sets, of course having 2-3 hours between sets is good too. .but 5 sets gives you quite a bit of flexibility to make sure that you get in at least 100 pushups each day, even you believe that 100 might be a good and consistent goal that you might be able to reach and sustain (until all of your parts (including your wrists , or hands or whatever) become stronger).  

I still have shoulder pains, but my quantity of pushups per day and per set is continuing to mostly go up quite a bit, too.. so I don't really consider it to be overly problematic in that I consider that I am probably still growing and getting used to the quantity and the ongoing efforts to accomplish the amount that I am doing.

team 0 pushups forever here

100kchallange,vapourminer,1,0,2024-04-08
3) there is something wrong about this whole seemingly not want to cooperate situation, and I should not even be encouraging such naughtiness.. Sure "anti-push-ups," that could be a thing.. I am not going to deny that..   but really.. something is not right about the whole seemingly push-up boycott situation, especially when they are not really fun or easy to do...  #justsaying
hey someone has to be in last place.
I'm also not on board with a 0 entry for this challenge.  Literally the only way you can lose this challenge is to not participate.  I'm not really big on lot including someone, but if you didn't do a push-up, did you really participate in the push-up challenge?  This is like me saying I didn't win the Mr Universe competition back in 2010.  Well, truth is that I never competed and that is what I'm seeing from someone with 0 push-ups in this challenge.  You want your name on the board?  Do a push-up!  Smiley  A little tough love never hurt anyone right?

I got a chuckle out of this, since I believe that you are being overly nice by ONLY requiring 1 pushup.. hahahahahahaha..  to each their own.. I still suggest minimum of 10 pushups per day or you don't get to be included in the table.. even though surely you can still report your pushups if there were to happen to be some guys who are working up to get to 10 pushups per day, if any of us could actually believe that, absent some really extraordinary circumstances in terms of disability or injuries that a forum member might have.

[edited out]
I agree with you, JJG. Some of us cannot do up to 10 push-ups a day, but if this rule is implemented, they will do their best to improve their push-ups because they will want their names to be included in the table. Secondly, this rule will also inspire some people to put in more effort when they are doing push-ups.

Of course, people can report whatever they want, and there is are various ways to do modified pushups in order to make them easier, such as doing them while standing or leaning against a wall or doing them from your knees rather than from your toes or you can otherwise have your body further elevated than your feet  such as using a chair or a stool.  

If such person aspires to do full pushups, but full pushups are too difficult, they can use the modified pushups to work up to the full pushups, yet they could report the modified pushups as if they were full pushups (or course at their discretion concerning how many of the modified pushups they would like to count).



By the way, I did finish all of my sets for today, so here is my pushup-update.

100k,JayJuanGee,66,11450,2024-04-10
495  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 10, 2024, 05:08:07 AM
@JJG: I know that you just use $6.66K as an example, but that hardly amounts to much in US...basic level living and not even on the two coasts.
A median household income in US is 74.6K/year.
https://www.fool.com/the-ascent/research/average-us-income/

$6,666 per month is $80k per year.  Of course, I am using that as a kind of entry-level, and I might have to change it later, but I think that it is good enough for now.  Prior to March 2020, I was using $3,333, which would have been $40k per year, so I doubled it, and yeah, maybe the $40k was also low, but it is somewhat considered what we used to aspire to become.. millionnaire status, and yeah now millionaire status is $2million, but I think it would be too crazy and out of touch to start to try to suggest that average normies should conclude that the minimum they need is $10 million status.

Another thing is that anyone who is getting largely passive income (absent just keeping track of the accounting) should consider that to be quite liberating as compared to having to maintain a job, yeah sure anyone who does not have a job is going to have more time to spend money, but merely having more time does not necessarily mean that the person has to spend more money, so they should be able to get some kind of grasp if they had an $70k to $80k level job at the time of pulling the fuck you lever, then they already know how to live on $70k to $80k, and yeah if they feel that they need more of a cushion than they can do that... even though surely I think that BTC's historical CAGR and likely continued CAGR is way more liberating than some folks might assume, especially if they measure it in reasonable ways (such as using the 200 WMA - rather than getting too much distracted into the noise of greatly volatile BTC spot prices - even though surely they will be selling whatever  their BTC at s[pot price, but that is also likely to be liberating since they are likely going to have cushions beyond what preferably would be their 200-WMA value measuring stick).

Of course, when used as an add-on, it would provide a boost, but i don't think many on WO would agree that it is a sweet deal after many years of ups and downs.

Yeah, if you have a higher starting point, then do what you like.

There are also guys who think that they are rich as fuck with ONLY 1/10th the amount which under traditional systems would be a $200k principle and a $666 monthly withdrawal authorization (and yeah with bitcoin they can achieve that $666 per month with even lower levels of principle like I mentioned either $80k if using 10% per year withdrawal rate and $67k if using a 12% withdrawal rate.

Come on Biodom, go with the flow, and stop quibbling about those kinds of discretionary matters that guys should be able to figure out, and yeah, I don't know what your numbers are, but you may well be causing your lil selfie to work way more years than you need to because you neither recognize/appreciate the power of bitcoin's CAGR and/or its likelihood of continuing to provide such power, even if you are trying to keep some reasonable level of cushion.. . .and yeah, I am already starting to argue that 20-ish BTC is enough to get to fuck you status.. which has to feel good for some folks, but they still have to figure out how to properly calculate it.. and subsequently how to manage their withdrawals including that if they might be nervous they might ease into their withdraws since there is going to be potential variance in how much they would be able to withdraw that goes beyond their needs in times that BTC's spot price is way above the 200-WMA, and there might be preferences (but not necessarily mandatory) of more frugality once the BTC price is below 25% above the 200-WMA.

So spending btc may happen for us.

Don't kid yourself.  You don't hardly have any BTC to spend  because you have been spending it all along.

Sure, I am not going to blame you now for wanting to spend it, since you should already be in the spending phase of your life... so you likely just have to figure out which things to spend first and why, and likely if you have other sources, of income that are sufficient, then you save the BTC for the last (or the least of your spending). In other words, it is way the fuck better to be getting your $2k per month from your 401k then to draw if from bitcoin.. by the way $2k per month is about a $600k 401k (if you are spending around 4%), adnd cif you spend that at around 4%, you should be alble to spend that forever, even though the dollar is going to be worth less and less and less, but your principle should largely stay at or more $600k so that you can continue to spend $2k per month.

In regards to drawing on bitcoin, there are way more creative ways to be able to draw more as long as you calculate it right, and you should be able to draw 10% to 12% and to still more than maintain its dollar value. ... but yeah, sure you have to get it up to a certain amount, so I don't want to give financial advices but $600k in bitcoin (valued at its 200-WMA valuation) is probably more than 4x more power than the same investment in traditional investments. ..

Of course, you have to figure out what you want to do an how you want to allocate to make sure your bitcoin are in such a good state, if all that you need is $2k per month income off of BTC, then right now likely could have right around 7 BTC as your starting point for that.. which would be a 12% withdrawal rate.. so long as the BTC price is at least 25% higher than the 200WMA.  If the BTC spot price is at lower amounts then either you do not withdraw or you withdraw at a lower rate as I describe in my sustainable withdrawal tool. powered by bitmover.. of course, you are still responsible for figuring out the details and the applicability of how to apply these kinds of ideas to youor situation.
496  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: April 10, 2024, 03:51:09 AM

Hello at DirtyKeyboard! Please add my push-up details to the comprehensive list. Since I joined this push-up challenge, I have been able to cover 4300 push-ups in 43 days. And in the 43 days, I did 50 push-ups on two occasions at a time, which was a great achievement for me because I have never done something like that.
You can add yourself to my table, using the format, or you can add all of us to your table.  It's a beautiful table, what did you use?

╭───────────────┬────────┬─────────┬─────────────┬──────────╮
│ Username      │   Days │   35635 │ Last Date   │   PU/day │
├───────────────┼────────┼─────────┼─────────────┼──────────┤
│ I_anime       │     54 │    3532 │ 2024-04-09  │    65.41 │
├───────────────┼────────┼─────────┼─────────────┼──────────┤
│ Kwarkam       │     42 │    8400 │ 2024-04-09  │   200    │
├───────────────┼────────┼─────────┼─────────────┼──────────┤
│ Mayorofogba   │     43 │    4300 │ 2024-04-09  │   100    │
├───────────────┼────────┼─────────┼─────────────┼──────────┤
│ JayJuanGee    │     63 │   10665 │ 2024-04-07  │   169.29 │
├───────────────┼────────┼─────────┼─────────────┼──────────┤
│ I_Anime       │     54 │    3482 │ 2024-04-09  │    64.48 │
├───────────────┼────────┼─────────┼─────────────┼──────────┤
│ DirtyKeyboard │     59 │    5256 │ 2024-04-08  │    89.08 │
├───────────────┼────────┼─────────┼─────────────┼──────────┤
│ vapourminer   │      1 │       0 │ 2024-04-08  │     0    │
╰───────────────┴────────┴─────────┴─────────────┴──────────╯


It's nice... I like it, but you know me.. .. I cannot keep my lil mouthie shut.  

Let me number my points, just for the sake of numbering them.

1) I like the so far total of 35,635 pushups with only 7 members reporting, so far.  Really, that is not a bad total number of pushups, and it seems that there could be a
         a) average  number of days per participant box

         which would then lead to the ability to calculate

        b) average number of pushups per day per reporting member box

2) I don't mean to be a fuddy duddy, but I think that there should be a rule that in order to be eligible to be included in the table, your average amount per day needs to be at least 10 pushups per day.... we gotta aspire to at least some kinds of minimum standards.. Accordingly, bitcoin is not a shitcoin, just like our participation in this pushup activit is not participating in a shitcoin (at least it does not seem that way to me).. Hate me all you want, yet if any of the reporting members cannot even average 10 pushups per day, then let's eliminate them from the table.. yeah. .JJG the hater.... but we have to have some standards and this is a thread to inspire the doing of pushups, and in that light I imagine if we were to ask any of the guys reporting pushups so far, we would have an overwhelming level of consensus - even if we have a soft heart for guys not being able to carry out many pushups, no one is likely to say that we are being overly harsh by instituting a minimum of a 10 pushups per day average requirement in order to qualify for being included in the table.

3) having said number 2  maybe the average number of pushups per day would be a good way to rank the results.. I am not sure.. if that woul be unfair because there seems to be some kind of need for order in the table. .

4) Any member want to volunteer to go through the thread and to put the last report of each member into the proper format so that Dirtykeyboard's tool would be able to scrape it properly, and I bet we will start to get close to 100k pushups already.. maybe in the ballpark of more than $70k, even though the last reports of some guys might have been a while back.. but still... otherwise, we are just including any member who reports from here on out....
497  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 09, 2024, 11:47:49 PM
I was thinking about the following hypothetical the other day:

Let's assume that bitcoin goes to 100-300K (let's say, 200K average) this cycle and somewhere along the line you sell a substantial % to invest in property, luxuries, etc ( whichever you choose).
In 10 years afterwards, bitcoin goes to 5 mil, which means that you only "captured" just 4% of the potential value.

How would you feel about it? I guess, it would also depend on the remainder (that you didn't sell), but still.

Personally, I know that years later, I am not particularly fond of my decisions to sell AMZN, AAPL and TSLA early, even though I made very nice gains on them.
Sometimes, I consider these occurancies as my investment follies, but, again, you cannot be 100% efficient.

Of course, it is possible to NEVER sell btc and, basically, put this decision on the shoulders of descendants, but you cannot guarantee that they would be wise about it, right?
At least, I can't.

At some point, I would have to start to spend btc and this point is coming relatively soon.
Alas, to spend even a relatively small amount of btc on things like kitchen remodeling causes a bit of mixed feelings on my part as I contemplate the scenarios described above.
That could be one expensive kitchen 5-10 years down the road.
Withdrawals from IRA are taxable and I put all my stables back into the market during 2023.
I would probably do a mix of "things", but don't want to take on HELOC or anything like this.
Decisions, decisions...

Read/listen to the book 'Die with Zero' - Bill Perkins. Working for money (or in our case, waiting for Bitcoin to go up) is a trade-off against your only real asset your life time.
Memories and experiences you have earlier in your life have greater value than the ones you have later because of the benefits they give after you have had them. Sharing and using, wisdom and memories both have significant value to your overall life happiness. (I think travel experiences often give great returns.).

Think about your grandparents, as you grow older, you will end up wanting less and are happy to stay at home, in fact, health issues mean you probably can't travel easily anymore, and this is when those earlier 'experience' investments in your life reach maturity.  Bizarrely,  living in the moment is an investment in your future. So the earlier you have these experiences the greater the return.
Dying with zero doesn't mean forgetting about looking after dependents or risking running out of money, but it helped me think about getting the correct balance between living in the moment and thinking longer term.

In the case of Bitcoin,  for me it was about setting very ambitious objectives about the things I wanted (property, cars etc, but whatever is reasonable to you with your current BTC holding) , and when Bitcoin was at a sufficient price,  and I would still have at least 50% of my BTC remaining, I pulled the trigger. (actually, my trigger price was $42k, in the last bull cycle, and I part-exited at $55K, and paid all the tax due.)
But I always live by, "Never have no Bitcoin."

Of course, you have to choose for yourself how many bitcoin to sell, but it does seem that you are likely selling way too many bitcoin too soon.. .especially since you caould probably get to a certain stash size and then just sell 10% per year forever and never run out and also never have fewer dollar value in terms of what the BTC is worth..

So to me it seems better to get to a certain level of BTC and then if you are happy with that quantity, then go into a perpetual cycle of celling 10% per year, and sure maybe you could even do 1% per month (which would be 12% per year) if you want it to be a round number, and you will probably still be o.k.. with a bitcoin stash that is forever increasing in terms of its dollar amount.

So then the question would be how much value do you need in bitcoin in order to start?  Depends on how much monthly salary that you want.. so if you go with 12% per year then $667k would be enough which is merely 20.1 BTC right now.. which pretty much perpetually get you $6,666 per month of income.  Calculate with this.

I think that is much better than cashing out too many BTC too soon.. especially the best asset known to mankind... so you probably fucked up by selling so many.,. .. but hey whatever you do you.

You can back test it if you like. .. but you have to start with the right premises and valuating your stash based on the 200-WMA in terms of figuring out your budget, and right now 20 BTC is ONLY worth $663k according to the 200-WMa, and 5 years ago, you would have had needed 191 BTC to be at the equivalent 200WMA valuation, and so if you had spent 191 BTC at 10% per year, right now you would still have around 75.3 BTC, so you would have had kept your value by spending 10% per year, and if you had done the max 10% withdrawal for that whole time, you would have had withdrawn close to $2 million in value during that time... and your remaining stash BTC would be even more valuable (in terms of dollars) than they were when you started.
When I looked at the past data I came up taking 20-25% in a bull year for 4yr future period. So sort of in that 4-6%/yr range. The main reason I went this way is because of the variance in % withdrawal required when you do it annually(or monthly etc) You could end up withdrawing more, like closer to 8-9%/yr. I’m still playing around with my data tho. Stash size is a consideration for sure though ;-)

For sure you have to get to a certain stash size prior to starting.. and using the 200-WMA to figure out your values.. so for sure I am thinking 10% to 12% is actually sustainable once you get to a large enough stash size.. that you are comfortable.. .. 12% withdrawal would require at least a 20.1 BTC stash size which would be a $6,666 per month target withdrawal rate... nothing wrong with starting out more conservative to make sure and also to be careful withdrawing as much if the BTC price starts to drop below  25% above the 200-WMA..  As I attempt to outline some parameters in my sustainable withdrawal tool powered by bitmover.
498  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: April 09, 2024, 11:19:53 PM
My first 4 days were under 100 per day, and so by day 5, I only had 360 pushups in total.. an average of 72 per day.. .. so little by little I have been increasing my number of pushups per day (and per set, and number of sets in a day).. .. so it has been working out fine, so far..

 There were a few days that I wanted to do lighter days, but I many of the times, I tried to push myself to what I perceived to be relatively healthy limitations. but frequently hurting and tired.. but something I could do and I feel is getting somewhat easier, even though I am still pushing myself.. and it still hurts on most days (if not all days).
This is serious! I've not visited this thread since my first post, shortly after it was created. Then, I advised the daily pushups to be commensurate to the prevailing price of Bitcoin on that day. This means that, if the Bitcoin price is $70,000 today, you do 70 pushups, and if it is $65,000 tomorrow, you do 65 pushups.

However, from what I have read so far today, I can see that you guys mean this business. If I do not believe anyone (since many will just be posting what people want to read), I believe you.

You've never shied away from your ardent nature and love for Bitcoin and I can only imagine how your biceps will look like now. Perhaps like that of the young Arnold Schwarzenegger. Smiley

I am personally not in very great shape, so these have been struggle for me. .and I get pretty sore from them, but surely my strength has increased and also my recovery time has increased.

You could also imagine an old Arnold Schwarzenegger who can still do pushups or maybe some other variation of someone who is kind of doing exercises but still has quite a bit of "out-of-shapedness" to his body.

Okay, so since I saw this thread, the challenge, I've been able to put 200 push ups daily. That's a hundred in the morning, and a hundred in the evenings, or sometimes, late into the night, but then,I have been doing my push ups and hitting the gym long before seeing this challenge. So, I've tried to be consistent for all these while. So, it's about two months now, or so, I saw this thread around late February. So, I've been on this challenge for 42days, consistently.
That's 200 push ups x 42 days, which is 8,400 push ups.
It's usually not a streak to 100 at once.
I usually do 4 sets of 50.
But then, I've said this before on here, but I want to reemphasize, let's not forget the part of the challenge where you actually build your body. Doing variations of push ups will totally hasten your muscle development and help you do more reps, as you're not overworking a particular muscle, and you can rest other muscles while still doing reps, it's like rotating the tension around your whole body, hitting different target muscles, and getting this overall bulkiness, instead of an unbalanced physique.
I'm saying this here, because I feetrhat it'd not all about btc and the challenge, but also about your wellness and fitness.
Dieting also matters more than you think. Now I don't mean picking food, or routines or anything like that, what I'm saying is that, before I got pn this challenge, I noticed that there are some foods I take, probably even a day before,that makes work out a lot more bothersome, even gassy drinks too. Imagine taking soda or something, then hitting the push up pose, the tension around your abs makes you belly so fucking uncomfortable.
Doing all these push ups with a challenge in mind got me thinking, after btc hit 100k, what else? Yes, I've been doing push ups since before the thread, but now, my work out is kind of tying with the challenge, so when btc hit $100k, where from there?
Road to 150? 200?
Well, that's a thought for people doing the "100 push ups till btc hits $100k". Imagining doing 100 push ups till some shitcoin hits 100k😂😂
You'd be the hulk at 20k😂

Your proper reporting format should have been something like this:

100kchallenge,Kwarkam,42,8400,2024-04-09


Hello at DirtyKeyboard! Please add my push-up details to the comprehensive list. Since I joined this push-up challenge, I have been able to cover 4300 push-ups in 43 days. And in the 43 days, I did 50 push-ups on two occasions at a time, which was a great achievement for me because I have never done something like that.

Your proper reporting format should have been something like this:

100kchallenge,Mayorofogba,43,4300,2024-04-09


that make it two of us , damn   it has been stressful trying to calculate my pushups due to not recording my pushups back then , well I've finally calculated it though. I was able due to the fact that I was doing my pushups according to bitcoin recent prices back then show went to bitcoin chart of the past few months, which actually helps in calculating my pushups though it may not be too accurate, because my memory still fuzzy, here we go. I started my pushups when this challenge started which is around Feb 6th , which made it 63 days but due to the skipping of pushups ( which was over a week and some days , so let just say 10 days of not doing any pushups)  I did back then . Which made my days of pushups 53 days , then I did pushups according to bitcoin recent prices back then for 29 days , and I did 100 pushups for 16 days ( before going into an hiatus of 10 days of skipping pushups) which is upto 1600 pushups, then I did 50 pushups daily for 8 days ( 50x8 = 400 pushups) which is recent. So if I complete my 50 pushups today that would make my total days of pushups 54
.....
Now is time to add all pushups together, pushups according to bitcoin prices + 100 pushups for 16 days + 50 pushups for 8 days = 1,482pushups  + 1600pushups + 400 pushups = 3,482 pushups in total .


I think that if I understand everything that you are saying, your proper reporting format should have been something like this:

100kchallenge,I_Anime,54,3482,2024-04-09

I still haven't been able to go beyond 50 push-ups in a single set.  It's a bit discouraging that I feel like I've hit a bit of a wall.  I'm not sure if I should be forcing myself to do more reps each time or if I should go beyond the 100 per day in the challenge to try and help me get over this hurdle.  Admittedly a good night of sleep and a healthy breakfast would probably go a long way for me, but I'd rather a solution with some force.  Maybe I'll continue working in other workouts and hope that it takes care of itself eventually.  I'm not going to worry about it too much as I just wanted to hit 50 at once by the halving, but I feel like I'm going to need to hit another gear in order to reach 100 in a set by $100K, which I now believe we'll see in July.

There is a big difference between 50 pushups in a set and 100 in a set.

I am not sure about the solution because frequently I try to do as many pushups as I can and the number varies and yet my failure number has been going up too. .but it still kind of gets stuck at certain price points, and I also thought that I would try to increase my max by 5 push up increments, but I have failed in that since I had sets of 54, 55, 56, 58, 59 and 60.  

And, so now 60 is my max in any one set, but frequently I am still ONLY doing 45 to 50 in a set with failure at around that point, and early I was kind of stuck on doing 35-45 in a set with mostly failure at those points and before that I could ONLY do 25-35 in a set.. but sometimes I was holding back some too... because I was frequently so sore..

So they are improving, even though sometimes I feel that I am stuck at a certain quantities per set for a while.. .I am also doing 5 sets each day, so the last 23 days have all been daily totals of more than 200, and my highest daily total, so far, is 265, and I recently did that twice... .
499  Economy / Speculation / Re: Buy the DIP, and HODL! on: April 09, 2024, 10:42:06 PM
You seem to have a misunderstanding of the DCA strategy in total.

The DCA strategy is not for poor people or for those with little income, it has nothing to do with how much you are earning the DCA strategy is simply dividing your capital into parts and investing or buying at intervals and this is done for some reason which is to.reduce the impact of volatility on yoir portfolio, you know that bitcoin is still a very volatile asset and to avoid situations where by you buy at a price and then the price dips and you portfolio would be at lose, but with the DCA method you get to buy at every intervals and price points so those fluctuations in price would not affect you, and why it is recommended here is beach it sis more beginners friendly and you don't need much knowledge other than to know how to buy and hold to get started with the DCA unlike the buying the dip strategy that involves some level of timing the market and more knowledge to be very successful at it. So yeah there is no barrier in using the DCA strategy.
I see that DCA is for anybody that has a steady source of income that can be able to accumulate as little as $5 to $10 per week because if you want to be rich I don think you would be able to accumulate. When you are talking about little income, you should be able to clarify the type of income. Each an everyone has its own source of income generation and the capacity it can carry . Provided that the amount he receives can be able to help him accumulate btc and emergency fund just like everyone has been saying in this thread, I believe he has to go. Everyone has the amount dey revieve it ranges from $50 $100 $200 $250 $300 and so on. In a situation where you receive any of this amount, you can schedule or program your self on how to arrange the DCA, emergency and reserved fund . So if you think you need to be rich before you invest in bitcoin then am afraid you are delaying your HODLing journey.
It doesn't necessarily need to be a steady income, I could be a money that comes once in 3 months, 6 months or such intervals and you decide to divide that amount into parts and invest them on intervals instead of buying with all the amount at once, so yeah the idea of having a steady income leads to the fact that for DCA and accumulating bitcoin to give you the best results you have to be kind of steady and consistent in doing so, so some folks that haven't got a steady income can at times pause or stop due to their money getting exhausted and at times even us up their reserves if they have quite the appetite for buying bitcoin, and your emergency funds also has nothing in to do with steady income, its just like that savings we never touch and we build just to insure that we never sell our holdings based on misfortunes or emergencies and this should be up to 3 months of your expenses to be potent enough.
Your right, DCA must not be for those with steady income, although it would have been netter if you used some illustration like Jay does, let me try if I cam get this right.

Let's assume a guy might have received a government fund that comes 4 times a year on equal or irregular intervals and this amount is 3k, so he decides to invest 1k into bitcoin and yeah he should just go and buy Bitcoin right away with all the funds but instead of that he decides to divide that money into 12 parts which should be 83$ each approximately so that it would meet up till the next time that money comes, and one good advantage of this, is it that you don't have to worry about volatility or price changes, so for many reasons we mostly recommend it for beginners and I guess you should try it too. Hope your right now@ berry2d

Of course,  if you are going to attempt to describe some kind of an unsteady or irregular income, you would attempt to describe what it is, and there might be some certain aspects and there may well be some uncertain aspects, so it usually is not going to be exactly known, especially if it is an income that happens so infrequently.

But yeah, if he knows for sure it is going to be right around $3k every 3 months, then that does allow him to figure out how much he has left after expenses, yet even expenses, may well have some aspects that are certain and other aspects that vary.  Some aspects of the expenses are discretionary and some aspects are somewhat fixed.  Housing costs, utilities and transportation might be somewhat fixed (within a small range of variability)  Food expenses might have some upper and lower boundaries, and surely there might be choices to spend a bit more on good quality food, and to cut back on eating in restaurants.. yet there still could be some variability that helps to dictate how much funds need to be held in reserves or as a float.. and surely the emergency fund would ONLY end up being their in an actual emergency rather than being used as a float or as reserves.

When the income is so irregular, there may also be some preference to hold back on any investing that it made, so maybe the person knows his expenses are somewhere between $500 and $700 per month, so that is going to leave him with between $300 and $500 of discretionary income per month, but he is afraid to spend his discretionary income until towards the end of the investment period or maybe even after he gets his next payment.. so he kind of holds all or most of his discretionary income in reserves until his next paycheck comes in.. .. Another thing that he could do is to spend $30 per week no matter what on bitcoin, so then that would largely mean that he is already making a choice, and he would have to subtract $120-ish each month from the remaining part of his discretionary income, and he would decide what to do with any of the extra when either it comes close to his receiving his next check or maybe not until the next check is actually in his hands.. since we cannot really know that we are going to have the money until we actually have it. .so we might have to keep some extra spare money, especially if our payments are so infrequent. .and even worse if they are irregular too... .since sometimes the date of payment and the amount might be uncertain.. but maybe worse case scenarios it is ONLY $1,200 every 3 months and best case scenarios it is $4,800, but most of the time, it is right around $3k every 3 months, and plans should be made around any of those kinds of particular irregularities, including that sometimes guys are able to add extra sources of income in order to help to lessen some of the pressures of the extent of the irregularities that they are experiencing.

[edited out]
front loading would be a preferable option to choose from in a situation like this.

I just recommended the opposite of front-loading.. since the pay is irregular.. Front-loading is good when you have extra cash that you know you don't need and you either have a sense that you don't have enough BTC or that the price might go up without a correction (does not mean that you are going to be correct, but you want to prepare for up and you feel that you don't have enough BTC).

If you get four time payment per year and you're not certain of the particular time of the year each of the payment will come, it's best not to stress yourself trying to keep a particular part of the money for regular DCA till the next pay comes. You can decide on the percentage of your pay that will go into buying Bitcoin once you receive the money and you just ensure you're strict with it to the latter. It's actually same as doing DCA only that this time you're not buying a small amount but investing huge so you just relax till your next pay comes in and you invest again.

That is some variation of what I said.. and that is not front loading... although I did recommend a way that a small amount could still be put into BTC but that there would be some holding back based on the irregularity of the income.

One of the advantage you get from following such is that you wouldn't put yourself in a situation where there is delayed payment and you're not able to meet up with your DCA plan and doesn't require you to be too concerned about being discipled with at every week or months. You just buy only four times every year and those four times counts big.

You would not have to ONLY pay 4 times every year, but I don't really disagree with you about the possibility that it might be more practical to wait until your next check comes in before you spend all of your earlier check. so then you are ONLY investing into BTC what you have left at the end of the period rather than at the beginning when you might end up needing that money.

You might not be too lucky to buy at the best DIP price at all the four occasions but you will definitely accumulate a good quantity of Bitcoin using such methord.

You cannot assume that people in this situation are going to be able to accumulate more.  The main thing to assume is that the person is trying to not put themselves into an emergency situation, and they are ONLY investing into bitcoin from discretionary income rather than investing with money that they end up needing for their monthly expenses.

The usual DCA methord mosty works well in cases when you are receiving a weekly or monthly salary and then you can decide to buy on a weekly or monthly bases.

You can still DCA with those kinds of irregular income situations, you just have to figure out ways to budget for it.. .. so which way you end up going is up to you.  I personally like the idea of weekly DCA, especially for someone in his/her first bitcoin cycle. and surely there could be circumstances in which weekly DCA does not make as much sense, even though I do still like the idea of trying to work out budgets so that you are able to weekly DCA, especially if you are fairly new in your DCA accumulation journey.

Their are people that have probably front loarded a good amount of Bitcoin that they don't necessarily have to buy every week or month and it's not as if they are doinh the wrong thing but what's the case is that you've got to use the methord that helps you most and that doesn't put you in a situation where where you're faced with a mix of emotion that's going to deter you from buying more than you would normally do with the right plan in place.

These are the correct ideas.. You are just using the term front-loading in a weird way, but it is possible that at the end of every 3 month period, the guy sees how much income that he has left  at the time that he gets his next pay check, so if he uses up  whatever is left at that time, then maybe that could be kind of considered as front-loading, even though it is not exactly the right way to use the term.. since it has more to do with already having extra money and then buying extra BTC because of a perception of not having enough BTC and a perception that the BTC price might not dip so there is a desire to use that extra money to prepare for up.

@samlucky o (HODL)  hodl for dear life is not a method or strategy of Buying or accumulating Bitcoin unlike the dca and buying the dip rather is an acronym
That is meant to encourage investors not to sell their investment but to hodl when there is a price downward trends or upward trends until the certain investment goals and objectives are achieved

"Hold for dear life" is a stupid expression, and it was made up by some mainstream pundits who are trying to suggest that it is risky to hold bitcoin.

Even though they are correct that it is important to hold bitcoin, I think that going along with that meaning "hold for dear life" is short-sighted and tries to spread negative messages about bitcoin.. even though the term is used with shitcoins too.. even though no one should be HODLing shitcoins, even though surely some shitcoins are going to perform better than holding dollars, but I still would not recommend them beyond 10% of the value of your BTC holdings.. and even 10% might be too much..

You seem to have a misunderstanding of the DCA strategy in total.

The DCA strategy is not for poor people or for those with little income, it has nothing to do with how much you are earning the DCA strategy is simply dividing your capital into parts and investing or buying at intervals and this is done for some reason which is to.reduce the impact of volatility on yoir portfolio, you know that bitcoin is still a very volatile asset and to avoid situations where by you buy at a price and then the price dips and you portfolio would be at lose, but with the DCA method you get to buy at every intervals and price points so those fluctuations in price would not affect you, and why it is recommended here is beach it sis more beginners friendly and you don't need much knowledge other than to know how to buy and hold to get started with the DCA unlike the buying the dip strategy that involves some level of timing the market and more knowledge to be very successful at it. So yeah there is no barrier in using the DCA strategy.
So if you think you need to be rich before you invest in bitcoin then am afraid you are delaying your HODLing journey.
Yes, people don't need to be rich before they can start investing in bitcoin, but they need a good income source that can cover their expenses so they can accumulate bitcoin without finding it hard to solve their unforeseen financial problems. This will allow them to hold their bitcoin for the expected year they want to sell it. 
While going through you all comments on this thread, I had a thought may be one of a genius not to hype myself about it but what do you all think about Incorporating both the Dip and hold with the DCA strategies.

To further elaborate further, what if you only apply the DCA strategy when it’s a bear market that way you’re constantly buying BITCOIN at a low rate you can simply set a stop price in your head of when to stop buying more BITCOIN and simply hold till it’s next bear market, This would aid you in accumulating a lot more through this what do you guys think is it all craziness Huh
Yes, both strategies can be combined to get the most perfect investment, but not with your level of understanding and explanation, it literally becomes not a good practice from what you just responded. The DCA pattern is a strategy on its own not dependent on any other strategy but only be positively compromised by purchasing massively during Dips.

The best way to go about combining both is by focusing mainly on  DCAing as a strategy, since the DIPs are bound to happen during the cycle we can now apply catching the very DIP by investing massively in same DCA kind of approach and same intervals. It's not really necessary nor advisable to hold funds in regards to waiting the bear market, during the holding process unforseen circumstances may happen which means altering the investment plan.

Exactly..

As a newbie.. stick with DCA one or two or maybe even more cycles.  After you get up to a certain quantity of BTC, you might be in a position to attempt to tailor your DCA to timing dips, but even then it can be problematic to screw around too much with timing.. until you are sure that you are getting to a point of accumulating enough or more than enough BTC.. .which you have to determine when you get to such point of having had overaccumulated BTC.
500  Economy / Speculation / Re: Top 20 days for Bitcoin on: April 09, 2024, 09:17:35 PM
[edited out]
OK, so are you suggesting 10:1 (i.e. 0.01 to 0.001 BTC) or 4:1 (0.01 to 0.0025 BTC)?

As per my comments above and previously, I'm not sure this is a sensible bet on any terms, but maybe we can agree something.
I am not even sure if we understand each other enough to make a bet.. since I said that I would not be wanting to make any bet that merely reflects what I believe the odds to be in the event that someone else is proclaiming odds that I consider to be way outrageous as compared to my odds, so I would want to get surplus out of that.. so that is why I suggested the possibility of entering into a 100:1 bet (or was it 99 to 1, since you were proclaiming 1000:1 or 999:1... .. yet originally I said that I thought that it was 10:1 and now I am more in the ballpark of thinking that the odds are getting to be 4:1, but why would I enter a bet in which you got all the surplus especially since you are thinking the odds are 999 to 1?.. .. but yeah, if I say 99:1 and you say that all the surplus is on my end and I need to go back to 10:1.. since I would still be getting surplus since I really believe the odds to be closer to 4:1..

Anyhow, I would think that each of us would want to have surplus on each of our ends, since you would be more hesitant to enter into a bet that is closer to your true beliefs of 999 to 1, just like I am reluctant to enter into a bet that is closer to my current beliefs of 4:1.. .. which maybe in some sense I am admitting that they might be a bit higher than what I am tentatively thinking right now... . but yeah, we still may well have to describe it out or figure out numbers if we really were going to enter into a bet.. but you did move away from my real offer of 99:1 and suggest the other two possibilities of 10:1 or 4:1 which surely seems like you are wanting to suck all of the surplus value on my end, which is causing it to be unbettable.. .. so I had ONLY proposed possibly  considering 99:1.. while at the same time, there could be some [potential to negotiate another set of odds, but I had not proposed those lower odds (or is it higher odds that you are wanting to gravitate towards so that you seem to want to get more surplus value out of the situation.
Well, exactly, everyone taking on a bet wants it to be on the most favourable terms possible.  

I don't know.  We talked about personality types, so some folks are going to be more willing to enter into a bet than others, but there should be a certain dynamic of wanting some kind of a surplus, especially if you can negotiate the terms of the bet, so I don't necessarily need to get the most surplus.  I only need to get enough that is comfortable, and if some one makes a statement with a lot of conviction, then it seems more likely that the bet could be entered into closer to the terms of the person with the stronger conviction.  Whether that is taking advantage of a person or not, if someone makes a statement with quite a bit of conviction, then it would seem reasonable to put them to their test in terms of if they would be willing to bet on that statement or some close approximation of that statement that might not be as extreme but still seems extreme.

However, as I said before I don't think this is a bet that anyone with any sense would be taking on.  

It seems bettable.  I would just be a matter of agreeing upon the terms.... and the most that I have offered to agree to so far is 99 to 1.  I am not agreeing to bet on 10 to 1 or 4 to 1, even though they might be coming upon the limits of my own potential conviction on the idea and probably the current price moves causes wavering between what I consider the matter to be 4 to 1 or 10 to 1 or some where in the middle... 6 to 1, perhaps... .. but I never said I would be willing to bet on 10 to 1 or less, and even though I said that I would probably be willing to bet on 99 to 1, there might be some number between 99 to 1 and 10 to 1 that I might be willing to bet upon.. even if it were merely to be for funzies.. I would think that it would be best to enter into  something that is somewhat interesting and I perceive to be somewhat favorable to me, even though I would not need to perceive it as "most favorable" since it would be a lot more difficult to find some one willing to take the other side of the bet.. even though.. maybe I don't even really want to enter into a bet in the first place - even though I am more than willing to give my back of the napkin (or armchair) estimation of odds... and yeah, maybe if push comes to shove, the napkin/armchair estimations do not matter as much as the ones in which the are backed up with a bet.. .. although the mere fact that I am not going to bet on my "true" estimations does not mean that I am lying about my estimations, it seems to just come down to no motivation to enter into any actual bet unless there were potential surplus value involved.. as I already mentioned... especially since my conviction is not very strong.. .but if I am entering into a bet then my conviction would be increasing as I perceive the odds to become more in my favor to the extent that it is becoming strong enough to enter into such bet because I am starting to feel that it is lopsided.

Some of the behaviors of betting parallel any human buying and selling behaviors, and so you are not going to buy something unless you believe that you get some surplus value out of it, and the seller is not going to sell it unless s/he believes that there is surplus value.  If both sides do not perceive surplus value, then no transaction takes place.

On the underdog side the stake is low and the reward is high but the risk of losing is even higher; conversely on the favourite side the probability of winning is good, but the stake is high and the reward is small.

You are describing it in a weird way, and the amount of the bet would be an attempt to reflect the odds, so I doubt that it matters if it is lopsided in the way it is structured because the lopsidedness is merely reflecting the odds.

If both of us believe the odds are greater than 50/50 that something is going to happen, then the ONLY way it becomes bettable would be try to bet between our difference, and since I don't claim to be any kind of bet structuring expert, it seems the easier way to capture the actual difference of opinion is by attempting to figure out bettable odds... odds that each side would be willing to take... so yeah, we have to be willing to put the amount at risk since we believe that the odds are in our favor to win the bet so we believe that we ultimately have decently good odds of winning the bet, and so it was worth it to risk the amount that was risked, and so the person who puts up less of a bet considers it better to enter the bet than not since the amount of the pay out might be 99x the amount that is put at stake so that if the bet were entered into 100 times, he thinks that he is going to win way more than 1 time.. he might even think that if the bet were entered into 100x he might be able to win 5 or more times (maybe he even believes that he would win around 10 times) , so he believes that the bet is rationale and/or framed in his favor since he is only putting up 1/100th of the amount.  

On the other hand the guy who believes that the odds are less than 1/1000, then he also considers the bet to be good since it is almost like free money since he considers that there is less than 1 time out of 1,000 that he would not end up winning the bet.  I am not sure what makes it so crazy that no one would enter into such bets if that is what they actually believe and they are willing to stand behind it.. It may just be a matter of the amount that ends up getting bet.  .. I mean would you really want to put a whole BTC at risk so that you might be able to win .01 BTC?  I did not even say that I would bet that amount, but I might allow you to put up 0.01 BTC if you are wanting to try to win 0.0001 BTC..  I think that would be 100 to 1 odds..  

I think when push comes to shove, you would not even be willing to stand behind your own probabilities of 1000 to 1, and so that is why I offered you 100 to 1 terms.  I see no reason why you would not stand behind those terms unless you think that you would be able to negotiate more favorable terms to give you more cushion.. more surplus.

In truth I am less interested in a bet and much more interested in my opening question - what are your workings - i.e. how are you coming to your estimates?  And are you still thinking that staying above $67,483 is a 1 in 4 chance or are you re-thinking after the fall today?

Yeah sure.. somewhere between 1/4 and 1/10, and it may well be a moving target, and maybe I got too anxious about 1/4 and I really meant 1/5, and so why does it matter since I am just giving ballpark ideas and I am not really betting on them, and if there were a way for me to bet on it, then surely I could do that with my BTC buy and/or sell orders, but I almost never change any of my buy sell orders.. they are already set in some what emotionally neutral ways.  If the BTC price goes down I buy and if it goes up then I sell and I have been doing that since mid 2015.. Before mid-2015, I only had buy orders I never would sell, since mid-2015, I added in sell orders, and I have been doing it ever since... and I try to set them in emotionally neutral ways.. right now my buy orders go down to right above $20k, but really I don't expect the BTC price to drop below the 200-WMA until after 2025, and the 200-WMA is currently just over $33k,  and it historically it has been going up about 20% to 200% per year..  and right now it seems to be going up at around a rate of around 46% per year, yet since that it s a bit of a moving target we cannot really completely count on it.. even though I expect that BTC spot prices will not go below it in the next 18 months or so.. . even though surely I could be wrong, but I would be willing to bet on some variation of that prediction in a 50/50 way.. just for funzies.

For what its worth my view is that:
1. we've only been above 67.4k for a few days;  

Fair enough... and the total trade weighted volume is likely going to be in the mid-to-upper $69ks for today, since we ONLY have a little less than 3 hours remaining for the day to close.

2. even now we are barely sitting above that level;

Barely? we are going to close more than $2k above.. l.. so yeah maybe.. and then maybe tomorrow might be even closer.. so yeah, we are potentially in risky territories.

3. in the last month we've seen 6 days with >$2,500 falls

Of course the BTC price goes up and down all the time, and surely $2,500 does not mean as much in these upper $60k prices as it did when we were in the $6k prices.

4. the halving is coming and we usually see a strong dip after the halving;

It could go up before it goes down too..

I don't give too many shits if the BTC price goes down or dips, yet an overwhelming number of people likely need to be preparing themselves for UP rather than down, and sure, tertius993, you may well have the luxury of accumulating enough or more than enough BTC, since you have been registered on the forum longe than me.. but if you have always been waiting for down before UP, then maybe you don't have the luxury of even having enough BTC if you are always considering that the BTC price may go down, so you are constantly failing/refusing to sufficiently/adequately prepare yourself for up... so if we look at the BIGGER picture, who gives any shits if the BTC price might correct or not or that we might even fall off of the top 100 days chart.  The main question might be whether each of us are sufficiently/adequately prepared for up rather than being overly focused on downity that might not happen.. who gives any shits.. the point is to prepare yourself for up, even if there is quibbling about your thoughts that the odds for down are greater than what I might happen to consider them to be.. .and even if they go down, who cares?  Just buy more or HODL through it.. because the main thing seems to be having enough or more than enough BTC, and hopefully you are not overly lacking in that more important direction (and in regards to those more important questions).

5. it'll take nearly 80 straight days (I assume 79 now) to clear $67,483 off the top 100 days (and of course just one day will blow it);

That is right.   The odds might be higher than what I proclaimed them to be, but it still seems like a big so what unless maybe we might want to enter into a bet and if I am still willing to go ahead with 99 to 1 odds or some variation of that.. since I did not propose going into a bet for what I had considered to be more floating and off-the-cuff ideas of odds.

So all in my assessment is the chances are very high that we'll dip below $67,483 sometime in the next 79 days.

Yes.  I assess the same and you assess higher odds than me.  We already concluded that.

I'd be interested to hear why your assessment is different.

Already sufficiently explained to the extent that any of the nuances even matter in the whole scheme of things.. The ONLY time that the assignment of odds might matter would be if there might be some action that is being considered around the assignment of such odds... so right now I am floating between 1/4 and 1/10 and you are supposedly higher than 1/1,000 even though you are unwilling to enter a 1/100 bet.. so it probably shows that you are not as convicted as you are making it out that you are... to the extent that any of it even matters...especially if neither of us is planning to act upon it.. at least we have not figured out some kind of an agreeable action point, yet.

[edited out]
My thoughts are who cares if it drops under 67.4k the reality is a real bull we need to be over 120k.  The concern is not if we drop to 67k but if we get to 120k before June or July.

Even though largely, I said the same thing.. who cares? and are you sufficiently/adequately prepared for up.... yet doesn't it all matter to some extent?  Depending on what any of us might be doing?

It could be that tertius993 is preparing too much for down, from the perspective of some of us.. and sure he can do what he likes..

On the other hand, if a guy is planning on setting sell ladders up to $180k and he is expecting that there are decent chances that some or all of the orders therein might be filled in 2024 or even in 2025, I suppose that it could matter if BTC prices end up going down rather than up. and so the timeline could end up changing for the sales.. whether it is a BIG bull run, a baby bull run or ends up not being a bull run, and it could also matter if the weighted average drops below $67k or even if daily weighted average ends up dropping off the top 100-day chart..

Such downity could affect some folks more than others, even though many of us consider our current rate of growth to be playing out more like a coiling rather than anything to really get worried about, even if there are decent odds that we end up crossing back below the daily trade weighted $67,483 line at some point in time in the next 79 days.  
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