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3125
Comment:
0.125 btc? really, mic? wow
that's about 40-50X of what an average earth inhabitant can get if all btc would be equally distributed (but it won't be, so probably 100X of an average person's stash in 20-30 years).
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My first experience with poker in Las Vegas many years ago:
Got to a machine, inserted 25c (or was it a 25c token?).
First hand-royal flush, instantaneous win of $250, and it would have been 10K if I wagered $1 instead of a quarter.
Nice...although apart from risky stocks and btc, I am not really a gambling person, so I spent those $250 on dinners, etc., did not try to take down the "house".
poker ain't not about luck only, of course there are lucky moments etc.... good you didn't try to take down the house GG sir Sure, and since I had no experience playing it, I did not try further (after a win). Same with stock market and btc. If you got a solid long position, it is typically better to leave it alone. Trading never worked for me in stocks with the exception of the first year or two, which was probably pure beginners luck plus a raging bull market. |
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My first experience with poker in Las Vegas many years ago:
Got to a machine, inserted 25c (or was it a 25c token?).
First hand-royal flush, instantaneous win of $250, and it would have been 10K if I wagered $1 instead of a quarter.
Nice...although apart from risky stocks and btc, I am not really a gambling person, so I spent those $250 on dinners, etc., did not try to take down the "house".
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I surrender to the "hat-cult" too  . Made an avatar (for the first time). If xhomerx10 will feel like making a hat, it would be nice. Thanks. |
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A highly subjective analysis of the bottom:
In the prior cycle I stopped buying/lost desire to buy at $350, market bottomed at about $170.
This time, I lost the desire to buy at $4200. An absolute bottom projection would be at $2100 (if only for a few hours).
IF $2100 would be it, then it would probably undergo a 30% down-full reversal move within 24hr.
So, "real" flat bottom would be about $2800 and $2100 just a quick plunge and reversal.
This is partially tic, but no different than 90% of ideas on tradingview.
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For sure mining. Because mining also secure network. Not to mention that they can get electricity cheaper.
I guess mining makes the most sense. It's the 'cleanest' method of obtaining coins. However there aren't all that many coins left to mine. Perhaps that was Satoshi's wee joke. By the time governments pondered making an entrance they'd be largely forced to buy it from the scum who've been mining or hoarding for years. I agree re mining, but only small %% remain. I remember that UK sold their last gold at $250/oz in 2000 or 2001. This clearly indicates that they and US are not going to rush to bitcoin. As far as which government would be first, I think that it would be Japan. |
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I agree with you HairyMaclairy. My chart work posted yesterday is essentially looking for that final low as well. You gave good advice for those who want to be "safe"... referring to the moving averages.
it is not going to happen the same way as last time, this is pretty much a given; it could rhyme, though. |
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I get (and like) everything about bitcoin with one point that is not clear to me: is credit possible in btc-based financial system?
If yes, then how? If no, it could be a limitation, albeit most people might think that this is a feature.
I enjoy short term zero % credit (as i pay my bills in full every credit card cycle).
I fully understand that it is a gimmick and most people don't do that and accumulate debt, although my personal interest payment is -1.5% (1.5% reward and NO interest).
How bitcoin can/will fight this?
I would be happy to lend my btc (on a monthly basis) to a reliable party (if there is such a thing in btc world) and get back 2-3% interest on a yearly basis, but only if interest is in btc and not fiat.
IMHO, btc lending needs to be established and sooner rather than later.
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Crossing my fingers and toes for a breakout soon.
Breakout. In the wrong direction. Sheeeit. Those barts are mightily annoying; btc still does not behave as a $64 bil asset  . I blame it on corrupt exchanges and Wall street coke-driven "traders". |
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You have to be accredited investor (in US) to participate. Accredited=either above $200K(or 250K?) in yearly salary OR at least $1mil in liquid assets (brokerage, crypto, IRA, savings, bank, etc). |
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I don't understand the fud, sure we went off a fucking cliff or two today but this doesn't mean we're going to have a new bottom.
$3.5k is no where near of a bloodbath to name it "capitulation". Sub $2k is. Not sure what is the rationale for this. 6.5K to 3.1K could have been that "capitulation", or not. There are often no sharp capitulations at the bottom, though. IMHO, if btc goes below $2800 for more than a day or two, you can kiss it goodby as an investment thesis for a while. |
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The bear market of 2014-2015 saw occasional highs followed by stark lows. The bottom was under $100.
No, it wasn't. Makes the rest to read like BS as well. |
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I'm you from the future - you have to send all your BTC to you (me) to prevent harm and save the world! (also never trust men in pink underwear) You might wanna check this. I'm You, Dickhead (short film, 2014) https://www.youtube.com/watch?v=iAUjt7KWp9ADidn't know that yet...hillarious and inspiring Hit me right into my trauma of 2011 "I'm you dickhead. Buy bitcoin NOW...not later!" On the other side...i might have to deal now with the "Sold everything 2014 me", the "still-whale me", or the "where is that fucking harddrive?!" me" Funny...especially being his own stepbrother(or stepfather?)...I looked at the 2011 Wired article (which was describing bitcoin and its "plunge" from $32 to $2), then did a little of research which indicated to me (somehow) that I have to use/learn Linux and my attention quickly turned to something else. No regrets, though, as I would have definitely lost btc on MtGox as it was a go-to place and/or I would have sold in 2014 all things considered. |
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This ETC shitshow is gonna be another excuse for dumping BTC. Isn't it. Just because BTC rhymes with ETC.
I don't know why ETC is not closer to zero than $5 right now. |
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Anybody watches "Counterpart"?
Main premise (without giving much away): the world somehow 'duplicated' itself with both worlds now stable, but largely independent.
Travel between those worlds (ours and prime) can occur only at a single place and is monitored by the mysterious "management".
This possibly harks back to many-world interpretation (Everett), only in many-world there is no way for "worlds" to interact, which is where the show uses a suspension of disbelief, I guess.
Q: imagine a world without blockchain (no Satoshi). Would such worlds (ours and that imaginary one) already be sufficiently diverged as to affect our life (society as a whole)?
I don't think so, not yet, although in the next 10-20 years the answer would probably be in affirmative, hence the investment thesis: invest into something that would be prominent in 10-20 years.
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The last thing they would do is to allow some 'think tanker' to vocalize about their yet unfulfilled true intent. And the last thing anyone who was a 'think tanker' - who knew the true intent of those in power - would do, is say so publicly on twatter. yes, btc (and any other even more so) does not have enough liquidity yet to handle G20 gov orders. |
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The last thing they would do is to allow some 'think tanker' to vocalize about their yet unfulfilled true intent. |
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assholes can try the same on btc?
They'd have to have a mountain more money. not money, hashing power. money (tokens) in POS blockchains, hashing power in POW (btc). |
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