 Why am I feeling it coming?  yes, the fiat bubble is about to burst. |
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I am a bit upset that gold is spiking too.
What does this portend to?
I cannot imagine a scenario where gold, stocks and bitcoin go up simultaneously, apart from high inflation.
Yet, with the virus we are clearly in a somewhat deflationary situation right now.
Puzzling, but GO btc!
asset price inflation. only the stuff you really need want gets more expansive. real estate, gold, stocks, Rembrandts 10% p.a. minimum. people get 10% haircuts p.a. |
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what is your plan?
I have little btc so I allocate a monthly amount to increase my stash no matter how high or low the price is you will be in exactly my position. give it time. the important part is that you got your golden ticket. that you got your life boat to safe you from the financial storms that are brewing. having invested less money makes no difference in the long run. you just need to wait a little longer. |
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Muahaha haha muahaha. absolutely correct. |
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Wrong!Pac coin will have higher price (against bitcoin) than any other token including BSV 🤪 u serious? a fucking shitcoin?  |
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a long time ago, when Nixon stepped down, my father (military) turned and told me "you are witnessing democracy at work, and a peaceful transition of power. no bullets, no army" or something along those lines. at the time i was like "ok, cool."
guess i took for granted how immutable that seemed.
i liked that trump did not start a war and that he wasn't shy to point out stuff that is true. but to destroy the democratic system that brought him to power by declaring he will not accept if he loses is the worst thing a politician can do. an elected leader who puts the axe on the roots of the democracy that allowed him to become president is acting criminal imho. the last 4 years showed me that a U.S. president has too much executive power. a few more rouge leaders like him and the U.S. is either a kingdom or a dicatorship. i dislike biden for being this tough law-and-order drug warrior for literally decades. I wonder how much hardship his policies created amongst stoners. how many years people ended up in prison for some weed. but trump jeopardizes the democracy. which was a bright star to follow other nations. let's see... |
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technology adoption always follows a s-curve. the beginning is flat, then it becomes exponential (looks like a hockey stick) and when mass adoption occurs it shoots straight up and only starts flattening when saturated (widely adopted).
when the new tech is money the graph not only shows the adoption of users but also the value of the money.
when rockets are fired up to reach space they need to carry enough energy to overcome earths gravity. they need to acquire escape velocity. if they don't get over this threshold they could not leave earth.
bitcoin expands in short violent run-ups followed by years of loss of value and consolidation. this circular pattern conditions bitcoin hodlers to feel bad about "not selling at the top" in order to own a lot of cash and furthermore to later buy back more bitcoin, when price reached the bottom of the cycle.
especially when reaching "life changing" or "fuck you" amounts of money. especially when the hodler realizes that he/she could have escaped the rat race with that amount of fiat. since the bear markets are usually multi year, the hodler has plenty of time to develop this regret.
it feels bad to look back to previous all-time highs and punching the numbers in a calculator and figuring out how many btc one could have bought if and only if... but be aware that there is another feeling that is even worse: having sold to early. remember all the posts in this forum where folks argued about how rational it was to take profits and sell btc for $20. or $200 or $2000
during one of the next giant run-ups bitcoin will reach escape velocity. which means the old game of multiyear bears will not occur anymore. bitcoin will enter the steep upward phase of the s-curve.
don't be a multiyear hardened btc hodler that finally learned how to sell at an anticipated local top only to see the price never coming back. develop a strategy to avoid this worst possible outcome: a bitcoin hodler with zero bitcoin in that moment of history when bitcoin is winning. with strategy I don't mean some weird trading strategy. trading btc is a losing game for 99% of players.
the only way to make sure you always have some bitcoin is to always keep some/most bitcoin.
my own strategy is very simple: when bitcoin reaches escape velocity I want to still own at least 50% of my stash. in my mind half my stash is reserved for my descendants. they are in Uber-cold storage. I will never touch them. I will never punch them in any calculator to figure out momentary fiat value.
with the other half I may or may not try to play the "sell at top" game. not convinced yet since all I would get for my precious btc is lots of melting dirty fiat. problem is that this is the only way ever for me to acquire more btc. maybe I should only play that game with a quarter of my stash.
what is your plan?
edited
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since bitcoin is a bearer asset it is possible to possess bitcoin. of course we all know that there are no physical bitcoin you send around the interwebs or keep them in your wallet - what you can physically own in reality are the private keys that allow you to spent your UTXO´s. be aware that the UTXO´s never leave the bitcoin network. it is a closed system. the bitcoin blockchain is a closed system: it is permissionless and p2p, but the info on the ledger never leaves the ledger.
1) bitcoin (the unit) can never leave the blockchain, where it is embedded
2) the only thing a bitcoin is pegged to is energy due to the mining process (impossible to directly peg a bitcoin (or any other blockchain token) to a physical object.) there are no utility coins possible due to this.
3) since it is a closed system that can only be pegged to energy there are only very limited use cases: the only thing a token in a closed system can be used for is if it represents something. imagine some weird machine that juggles table tennis balls. the balls can not leave the machine. what utility can the balls bring to users? they can represent something, that is it. what could they represent? the only abstract thing that would make sense to organize in an immutable ledger would be money. since moneys only use case is to represent value, this is the only use case for a token in a closed system.
blockchains can only be used as money. since bitcoin has won the race long ago and by far, it is utterly useless to create, invest in, waste time on 7500 additional money protocols.
money pegged to energy is the only way to go. unpegged money will get printed into inflation. gold pegged money will always first lose its peg and then will get printed into inflation. our fiat money system derived from a gold pegged system, the dollar is a layer 2 scaling solution for gold.
the 2020ies will bring the transition. don't be scared. bitcoin is great and will save us.
edit: typos
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these are the bridges bitcoin sceptics can use to move over to our side. to the side the is winning. and yes, hope needs to be part of the transition. |
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it is so satisfying to see "alt season" and "the flippening" playing out exactly like anticipated. death to all the shitcoins!  If this happens btc will simply become a banker tool bro. Read my signature and understand why the alts are needed. or just realize Kings need dukes, knights, pages, jesters so on and so on. i don't think that gold needs pyrite. therefore digital gold also does not need digital pyrite aka shitcoins. digital silver not yet invented. scams are scams. |
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it is so satisfying to see "alt season" and "the flippening" playing out exactly like anticipated. death to all the shitcoins! |
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The thing that really gets my goat (annoys me): being called "lucky" by the few friends of mine who know that I hold btc, the same friends who I told about btc years ago and who decided to invest.....nothing.
If they could understand (or even care to listen), they would learn that there is nothing lucky about sending most of your net worth to a random bank account in Japan (Mt. Gox) not knowing if you'll ever see it again, hodling through multi-year deep bear markets, watching your net worth collapse before your eyes, knowing that it could be years before recovery. That kind of hodling requires a strength of mind infrequently seen amongst contemporaries, coupled with an understanding of btc fundamentals and a realisation of its potential to disturb global finance.
So, if anyone calls you "lucky" for having bought bitcoin and profited, just smile, knowing inwardly that having come through the great bear markets means you're one of the most resilient of them all, and one of the most deserving. Btc rewards those who stay the course.
Congratulations fellow btc adventurers - our time is just beginning. And don't feel bad about taking a little profit here and there. You deserve it.
Fuck yeah!
Yes, agreed on all points! I had bought BTC since about 2014 - 2015 (will have to check and remember this once and for all, LOL), and HEDL until I started trimming as BTC spiked in 2017. Sold some here, some there. As low as $9000, highest sales were at $15,000 (all numbers approximate). One sale around $15,000 was after the tippy-top (which I missed), but that's OK. Nice profit, properly declared to the IRS and CapGains tax paid. I still have "enough" BTC to be over 1% of my net. And I too have heard about how "lucky" I have been. And part of that is likely true! But your main point is that we who believed that BTC had a great future. The 2018 - 2020 bear market was brutal, and tested our patience and resolve. Also, I will likely trim a bit of my HODLings if we go up more, say, to $15,000 again. Probably some more at +/-$25k. More at $40k. What would I do with the proceeds? Au & PtBut I will NEVER sell all my Bitcoin, even if over a $150,000 price... Finally, fuck yeah! why so bearish? not considering to sell any before $50k. will sell a tiny amount around $100k. will always keep +50% of stash in the slight chance of an early hyperbitcoinization superbullrun. and after such run, selling is not the name of the game anymore. don't sell prematurely.  |
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Observing $13 650. AYH's and soon ATH's are raining. My mind is melting now. So far I was around 2x profit, now it's over 3x. I am just not used to be rich and happy. And to make the things worse, I got the news today that my salary will increase by at least 30%. Which means I will be able to spend effectively 50% more for buying bitcoins. Sheeeiiit.   enjoy. you genuinely deserve it. |
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2020:
Lamborghini Aventador = 29.745174320123596 BTC
2018:
Lamborghini Aventador = 93 BTC
When parity ? in ten years "when lambo" will still be a valid and widely used meme. thing is that it will not refer to Lamborghini the car but to Lamborghini THE COMPANY |
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Now you are just showing off, 600  found it on reddit. the usual exchange trick I guess. 80k btc is unfathomable.. |
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... Hunter Biden OD?  ... anyone else hearing that? No. Where on earth did you get that idea from? ... here's one but it's like an alternate reality now with Google/Twitter/FB being under ChiCom control under Biden gets elected ... searches are blocked/filtered, posts disappear, etcc ... it's lies, lies, lies and like we've all suddenly started living beyond the fucking Great communist firewall so under Biden there will be only lies and deception but under Trump truth will prevail? |
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It's like witnessing a hard-left liberal just minutes after the red pill they just swallowed starting to take effect... the hypocrisy is real
Well, because I believe in flat facts over all, I brought up some documents I typed up on finances on election day 2016 and compared the values to election day 2020. As of today, my net worth (assets minus liabilities) has doubled in value. Granted bitcoin was at 707 then and is at 13,000 now but every asset class I have is way up. So... there you go. Unlike Bush, the last 4 years really paid off. (Edit: I did some more analysis: From 2004 to 2008 my NW didn't do anything. From 2008-2012 it tripled, thanks to some deals I made while the world was ending. From 2012 to 2016 it went up 60%. So 100% from Trump is good for a Republican.) From your inspiration, I did a quickie assessment of my own situation (using October of each of the years as the measurement point), yet I would not attribute changes in my networth to politics... and I am a bit surprised to look at the numbers, but I think that the last portion of my great luck seems to have been largely attributable to my late 2013 decision to add bitcoin to my invests and to persist with investing in BTC during the past 4 years. If I were to remove BTC from the assessment and hypothesize having had investing in some other asset class, then 2016 would likely have had looked the same/similar, but 2016 to 2020 would have likely have had been way more flat. 2004 - baseline 2008 - 285% increase 2012 - 301% increase 2016 - 161% increase 2020 - 320% increase I will concede that the last 16-20 years of my life have been investment portfolio building/appreciation years.. which I would never have had imagined such great overall performance.. seems to have been some luck in there, too.. especially the last 4 years.. as I tried to say above.. those are solid figures, congrats my case it is an example of an bitcoin-only investment: invested in btc in 2013. 2013-2016: 1000% increase 2016-2020: 1000% increase overall it was a 100x on investment via buying and hodling. the only other time I tried to invest was me buying internet stocks a few weeks before the Dotcom bubble burst. after a few weeks I had managed to turn €10k in €1k thanks to my immaculate timing. bitcoin only investment is putting all eggs in one basket. it was very risky and it felt terrible. I was over invested in bitcoin for 7 years in a row and I had to pay the toll for it. it induced panic selling at the lows, it made my hair turn grey, it caused oh-so-many sleepless nights. the stress this strategy put on me was such a burden that more than once I thought about quitting bitcoin despite the gains. financially this strategy worked very well but I am not sure if I can recommend it. if one thinks this might be the only chance of ever escaping the rat-race, this cannot be done without risk. it cannot be done incrementally. you pull the trigger or not. will bitcoin do another 10x? I believe so. will it do another 50x? yes, I think it will. will it do another 100x, reaching $1mil per coin? yes, I think it is possible that bitcoin will reach the levels by the end of the decade. a $10k investment in bitcoin today can become $1mil within 10 years. to some extend fiat inflation will be the reason for those insane prices. but I refer to "asset-price-inflation", which is already taking place big time and this trend will only accelerate. but I am not talking about a $1mil price for bitcoin in a world where a loaf of bread costs $1000k. asset price inflation will continue, but $1mil per coin is possible even in a world where the price of bread will have doubled or tripled in the next decade. |
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PSA: Nietzsche did drugs only because he had severe and painful chronic health problems—and the drugs burnt out his brain, leaving him as an invalid lunatic for the last decade of his life!
(...)
can you elaborate what drugs he supposedly used to burn his brain? why do you think some drugs are illegal and some are not? |
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*sigh*
Don't use PayPal. Hate them. Boycott them. Whatever. You can use Bitcoin and have nothing to do with them.
But to expect them to be anything other than what they are is foolish. Trusted third parties are security holes etc. I personally barely use PayPal. I have an account because of eBay.
But if you think we live in a world where they are just going to blow away like a dry leaf because they see that Bitcoin is the future of peer to peer finance... well I have a bridge to sell you.
And like it or not Bitcoin does not scale on the base layer and stay a distributed consensus. So if you want to see trustless scaling then maybe you should start working on lnd. And if you don't like lnd then maybe invent another trustless layer 2. Grumping about PatPal is not adding anything. And until there is something better for the masses to use they will use what is available.
sooner or later some payment settlement company would of done it. so it was palpal this time. ive heard the horror stories. but personally ive had zero problems with paypal in like a decade with them. hate me if you want but ill buy some paper corn from paypal. just like i did from robinhood. small amounts of course but gotta try it. realistically though, how would you have preferred this to go down. as you pointed out, corn doesnt scale. layer two is still a mess. and clearinghouses seem the natural answer. a trustless clearinghouse, if such a thing can exist. I have used paypal for 17 years. I had a decent ebay business. I would purchase new apple mac minis and mod them to be sold on ebay. I estimate I did over 1000 sales using ebay and paypal. No major issues. So I have been here since 2012 coins were under 10 bucks. I have read we have to have adoption to mainstream. Well here is the first true mainstream player in on btc lets get more major players....maybe we see 100k Have not we have had a world wide market reset due to covid-19? So why not a world wide adaptation of btc by the major players. Now is the time for them to do it as it is still cheap. 240billion is not that much to wrap into the payment /investment market. I am an old school computer geek I go back to univac and ibm mainframe gear. I go back so far that I used slide rules. my point is not on the transformation of mainframe to pc to cell phone. but on the inability to see what is coming or what is worth while. what the public wants. I thought the ipad was a waste and would never work. and right now I am laying on my bed typing on an ipad mini while watching the world series. So the ipad did well for itself. I see the paypal move as adding ipads into the mix of pcs. a very convenient tool for blogging and a lot more. will merit this as soon as possible |
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