You are ONLY limited by your own mind.

If you start talking about shitcoins, well that's another story.  You fuck.

By the way, did you have something that you wanted to say and you are feeling "limited"?

Speak torquey porkey... speak.

#nohomo


Yes.. We (royal and others perhaps) have figured it out.

Look in the mirror, diptwat.  Do you believe a non-troll would be continuously asking for 3 BTC?  Get a fucking grip.


Yes.. some of us are going to ingage(sic) with you, you little diptwat.


Such a device would be especially good if it is like a faraday cage, and it is not visible through various kinds of modern scanning devices.  #nohomo, for reals

I doubt that you are making any kind of grand revelation, Ratimov.

It seems that there is a wee bit of a pattern that involves a kind of explosion in the amount of smerits that are sent at the time that theymos makes an increase to the smerit allocations of merit sources, and with the passage of time, the amount tappers off...

In other words, nothing to see here in the sense that the same pattern has been known since the first introduction of the smerit system and each time that theymos has made an adjustment (seems to have been an increase in the smerit allocations) each time... How many has he done?  Maybe 3-4 adjustments after the initial creation of the merit system?

Hahahahaha

Just consider when that diptwat started his begging (as soon as he registered on the forum), bitcoin was priced in the $10k to $12k price area... So, even if he had paid a premium for his three BTC of around $12k, he would still end up spending way less than the current price per BTC.. so $12k per BTC * 3BTC = $36k total spent for  3 BTC...

What a bargain!  What a bargain.  Remember how folks were complaining about bitcoin being expensive back in September / October 2020.. and like you suggested bitcoinPsycho, we are likely to see a similar pattern in regards to our current $48k prices.. whether that is in 3-12 months or even if it might take another4-5 years to play out, these $48k prices are likely going to seem like a decent entry point into BTC.

One of the issues with diptwat eXPHorizon, is that he likely does not have any kind of an ability to delay his gratification or even to plan in advance.... like his complaining about losing BTC in MTGOX to the extent that could have been believed, but even if a member had lost BTC in MTGOX in February 2014 or earlier, that person would have had nearly 8 years to recoup such losses (or at least mitigate the losses), so even investing at $10 per week for the past 8 years, a guy might not have been rich, but he still would have gotten about 5 BTC from such an investment of ONLY about $4,180 in total spent.

A problem with diptwats like eXPHorizon remains their failure/refusal to act beyond mere begging for someone else to help them out... and sure many of us normies in this thread might not have been in a much better position than eXPHorizon, but what differentiates us is that we acted rather than sitting on our hands and asking for handouts from others... Hey.. I am not completely against handouts, that's for sure.. but there should be something present to show actual striving to help ones self rather than merely wanting others (who are likely not starting from any kind of greatly different situation) to share in their profits merely because they were profitable and the beggar had failed refused to act.. and continues to fail/refuse to act.

For sure, each of us are going to have our differing methodologies, and maybe if some of us have been sending smerits over a longer period of time, the drasticness of the changes that we have to make is not as great. 

Before I was a merit source, I hardly ever ventured outside of the WO thread, so I suppose that becoming a merit source has caused me to explore more threads and topics than I would have otherwise done, even though I did not really attempt to make any kind of conscious effort of spending more time or causing myself to work more..,... but still like The Pharmacist said there is inevitably a certain amount of additional work that comes from having a lot of smerits to send out.

So sure, sometimes some of us might decide to send more smerits per post than we otherwise would have sent, and within that category would also be to decide to send smerits to some posts that we might not have previously considered high enough within our considerations of what is smerit worthy..... 

So, what is a value-add post, and sometimes I am not really sure if some posts are value add or not, especially some of the more technical of posts that I will sometimes merit.. and surely there are some topics that I have trouble in determining how many smerits to send because I am not sure if I understand the posting content sufficiently.. and there are other kinds of posts that I surely do not agree with the points being made, but I may well still send out smerits if I believe them to add value or to be well-presented (even if I disagree with some of the points being made).

Another trick might be to attempt to skim rather than read in detail, but sometimes if I might be attempting to determine how many smerits to give, then I might have to read the post in more detail, even though the skimming practice might have allowed me to come across a post that I would not have otherwise even bothered to look at.

By the way, my own style is to type somewhat long posts (and sometimes detailed too), so frequently typing posts will take more of my time than reading through posts, yet I feel that many times typing posts help me to engage with various bitcoin related topics way better than if I were not in the habit of typing posts, and in that regard, I feel that I am in a better position to understand what I am reading when I am more actively engaging in various topics (mostly bitcoin related) from time to time.

Fair enough.

What's the rush?

You trying to suggest that bitcoin is supposed to be on a kind of schedule?




Is that the way you choose to measure CAGR?

Seems a wee bit lacking in scientificness.

JStolfi used to measure bitcoin's performance from the November/December 2013 ATH and then say that we are "underperforming."   Look where that persistent dumbass analysis got him.


I am glad that you remain optimistic.  That does put you in a somewhat better place than JStolfi who even refused to buy bitcoin.. so, at least, you have not refused to buy bitcoin, as far as I can determine.. You just decided to NOT buy more, and just stick with your about 20 BTC from your 2015-ish purchases. .. which is fair enough.. fair enough

Be my guest...   I thought that I was attempting to use 2021 dollars...


I thought that my total was $822.65 trillion-ish... .. not sure where you are getting those $40 million or $5-50 million numbers.

I would love to see someone change some of the assumptions and then show where my numbers might be inadequate in one way or another - because I feel that my numbers are just nearly pure off the top of my head SOMA (if that's possible?) numbers in the sense that I just picked the first numbers that randomly passed through my head.. because I am not even sure if I understand the ramifications of each of the asset categories  in terms of how much they are being overvalued by having a kind of storage of value function.. and probably it becomes quite difficult to measure, too because it becomes a self fulfilling prophecy that a house that used to be worth $220k all of a sudden becomes valued a close to a $1million.. merely because everyone else is buying houses because they are afraid to keep money in cash.. and they just hardly have any clue where to put it.. so they just put it into real estate - like everyone else is doing.

You seem to misunderstand and mischaracterize how OP says that he is accumulating bitcoin.

Op says that he is just buying regularly at any price based on whatever his savings might be, and he said that he was overall trying to increase the amount that he is able to buy to the extent that he is able with the passage of time and to either cut his expenses or to increase his cashflow.

There is no selling involved, and even if OP did not say his exact target, it seems that there is a kind of goal to just continue accumulate for at least several years and to see how much his accumulated BTC may go up in value with time.

I do agree with you that it would probably be preferable to establish some kinds of more specific goals, even if it might take several years to accomplish, but I do not agree that selling bitcoin should necessarily be a goal.. at least perhaps not until after having had reached high level accumulation goal (perhaps over accumulation or exceeding targets).   

For sure, everyone is likely to establish these kinds of goals separately and differently, but it does seem to me to be a very first important goal to just get started and to act like OP has seemed to have done, and then just buy regularly and perhaps attempt to be aggressive to the extent reasonable .. and at the same time, perhaps to reassess if the goals need to be tweaked from time to time, or maybe even considering if there might be ways to increase cashflow in order to have more to invest in order to attempt to achieve higher levels of value appreciation to the extent that is possible.. .

From my own personal experiences, I have found that it may well take way more than 10 years to really start to build a sizable investment portfolio, even if you have a decent amount of extra cashflow that is invested, and of course, OPs amounts are not really large, so it may well take a decent amount of time to really start feeling that the size of the BTC investment is getting to a decently large size (and hopefully without being tempted into selling too much too soon or taking other rash approaches that could screw up maintaining and carrying out decent ongoing and persistent BTC accumulation).

oh gawd!!!

 



There seems to be resistance in the $55k price territory...

And I am all with you about wanting to get above $55k - but I question whether we can just shoot straight up to there and then shoot above there.

In other words, I can see shooting straight up to $55k or some area just below $55k.. so that would constitute around a $6k candle from here.. but I have some troubles with the idea of shooting straight above $55k.. at least from here and at this time.... even though I also appreciate that anything is possible in bitcoinlandia and I also appreciate that sometimes surprises happen (on purpose)....

Your idea is fine, but your maths and science suck. #justsaying

Might need to go to proudhon maths and sciences school

If it currently costs more than 2k satoshis to get a dollar, then it is going to cost a wee bit less than 1k satoshis at $100k, and 100 satoshis at $1million.  In other words, we need to get to around $100million per BTC for a satoshi to be worth $1 and 100x that for a satoshi to be worth a penny, so around $10billion per BTC we will have satoshis equal to a penny-ish.

Am I wrong in my maths and sciences?  or do we get to a dollar per satoshi when we get to $100k.. a mere doubling causes a 2,000x increase in price?

I will admit that this image presents a very interesting way of overviewing the at-issue values in front of us, and part of the calculation concern would be that value is being stored in asset classes that are very inefficient as storage of value and even inferior in terms of their storage of value attributes.  
Even if bitcoin were to such a decent amount of the value out of several of those other less efficient/inferior storage of value for the reasons already mentioned, most of them would likely still hold some value in terms of their utility value and/or still retain value because people might conclude (perhaps wrongly) that they are better storages of value than king daddy.  

So perhaps bitcoin's addressable market would be some kind of fraction of the total value of some of those other assets (or some fraction of all of them combined.. I am not sure what that would be, but it would neither be 100% nor zero.. and some portion of them.. including that it probably has already begun to absorb some of the value - even though small amounts since bitcoin still remains less than $1 trillion and also in the ballpark of .05% of the value of all of them combined ..

I created the below explanatory table as a means to perhaps help me to better attempt to illustrate the point that I am attempting to make through words.. and a table might be better to also allow others to tweak the numbers where they might find better ways of figuring out some estimations of the valuations matter.

Type                                 Current value($Trillions)     multiple of inefficiencies                  Value into BTC ($Trillions)
Derivatives                             $900.000                                 50%                                                  $450.000
Real Estate                             $220.000                                 60%                                                    $132.000
Stocks                                     $90.000                                 50%                                                    $45.000
Bonds                                     $130.000                                60%                                                    $78.000
currencies                              $120.000                                 90%                                                    $108.000
gold                                       $11.000                                 75%                                                    $8.250
silver                                     $1.200                                    75%                                                    $0.900
crypto                                     $1.000                                   50%                                                    $0.500

Total                                     $1,473.200                                                                                          $822.650



In essence, I am just attempting a quickie SOMA valuation of the inefficiencies, so feel free to tweak my valuations - including my multiples of what I had ballpark considered the inefficiencies to potentially be...

Even with my attempt at a ballpark figure, once all these valuation matters play themselves out and value ends up flowing into BTC (over the years to come based on those above approximations), we still end up getting bitcoin to be future valued around 822x of today's prices..

What I am trying to suggest is that with information asymmetry, those of us who have been able to figure out the value proposition is going to be advantaged, so too bad, so sad if there are going to be a lot of deserving normies who are mislead into believing that they should not take any action to accumulate their BTC stash.  Those of us who have figured it out are going to be able to profit whether we are normies or not, and the traditional status quo do not have any real advantages in this - except to the extent that they might be able to sort through the misinformation more rapidly than some normies who might not realize that they are being mislead into NOT investing into bitcoin.




Not just good for me, but good for anyone who is able to figure out the puzzle and to realize that bitcoin is and remains a good investment and also appreciates that we are quite likely still quite early within the adoption curve... You claim to be one of those guys too, so to the extent that you have been adequately (and perhaps aggressively) stacking sats over the past few years rather than just spouting out nonsense in these here parts, it is not going to matter whether any of us like you or not, you will still advantage quite stupendously by your having had been stacking sats and engaging in other behaviors to either sufficiently maintain and preserve your stash or to increase it.


Fair enough.. if you are already sufficiently richie, then there might be no need to screw around with some of that.  About 20 years ago, I started to play around with credit quite a bit in order to cycle it and use it for my cashflow and investments, and I still will employ some of those methods from time to time... including sometimes purposefully getting a loan, rather than paying in cash..  even though I am sometimes of the opinion that I do not need to screw around with credit, but I kind of consider it a sufficient camloflauge in terms of having a foot in both worlds and perhaps having fewer issues about potentially being some kind of weirdo and wonder how you got so much cash.. and you can kind of end up showing that you used credit to purchase, x y and z.. and then you pay it off at your own pace.. potentially early, too (perhaps no penalties, either to the extent that might matter).   


Maybe everyone in your social circles has access to credit (debt), and sure there are expanding abilities to use debt, yet some people still do not have access to credit.. whether we are talking in the west or not.. you seem to be the one in a bubble if you believe that everyone has access to credit or banking accounts, etc... For example, remember part of the rationale that El Salvador had such a hard on for bitcoin was that around 70% of its population were unbanked.. so I doubt that those 70% or unbanked folks in El Salvador had access to credit... and we do not ONLY need to go to places like El Salvador to find examples of unbanked and persons without credit... likely and frequently through no fault of their own.

I suppose you would have some better ideas.  I was just considering that a keyboard might be more challenging for you than pointing at pictures on a screen and maybe something more touchscreen.  Your attention span, too.


Well, for the average joe blow, then sure there continues to be a certain amount of ongoing misleading of him, but if he can see through the misleading aspects, then he will be advantaged by bitcoin - does not really matter about his beliefs or whether he is connected, a conformist or a rebel.

I suppose that I just have some difficulties accepting too much painting of bitcoiners having to fit any kind of ideological mode or even anyone that is necessarily against traditional or status quo institutions, even if there may well be some truth that being a kind of independent thinker and someone who does not just accept status quo dogma might well make those kinds of people more receptive to BTC which seemed to have been the WillyWoo post that had been cited by LFC..


I think that it is problematic to handicap yourself if there might be ways that you are able to use systems and options to your advantage.  So for example sometimes there can be quite a few pay offs to use debt to your advantage, so long as you are not so short-sighted as to invest into consumer goods (and depreciating assets).  So accordingly using debt or leveraging fiat to invest in something like bitcoin could work considerably to your advantage.. but of course, you do have to strive to play it right, and of course, there is some risk involved whenever you overly employ debt in ways that might get outside of your control... yet I still believe that there are a decent number of ways to employ debt to your advantage - so long as you have access to such debt instruments (and credit).. and sure not everyone even has the advantages of having those kinds of options..

Fair enough that each of us are going to come to our own senses of which kinds of factors are important in terms of both price movements and amount of time to get there.. .including what underlying forces might be contributing to such momentum or lack thereof.

I do consider the territory of $55k-ish to continue to serve as a kind of potential resistance.. yet I consider our current price range between about $36k and $55k to be largely noise and consolidation.. sure I might be wrong about the numbers, but those are my approximate concern numbers at this point (as I type this post - and also including that I already stated my other concerns in my response to you, that you cited).


Maybe I am partly concerned about such seemingly willy-nilly ease upon which you seem to want to throw out terms such as bull versus bear..

fuck that bear nonsense..

We have been in a bull run since about April 2019 - and sure we might not have realized it until about May 2019.. and furthermore we have had several "corrections" along the way, but you are not going to find me conceding into either calling those corrections along the way as anything approaching "bear" trends.. because we saw from subsequently BTC behavior that we largely continued in our bullish trajectory since about April 2019.. .so it seems to me to way too confusing and misleading to be describing the correction as bear anythings.. merely because they were corrections and merely because some of them happened to have been BIG and SCARY...




Fair enough.... I might be quibbling with you about semantics then, more than anything.


There seems to be some decent momentum rationale for that kind of a dragging out of the peak.. but surely we can never really know, even though we have seen that historically when we have had the blow off tops, we have had a decent amount of gradual UPpity that preceded the blow off tops, and furthermore since bitcoin is more mature (meaning broader financial influences and B IGGER players that are attempting to play with its inevitable volatility) that can also justify a dragging out of such a blow off top, too (presuming such a blow off top is actually in the cards)... and surely from my own personally (gut feeling) perspective such a culmination of this particular cycle with an actual blow off top could drag out up to a year from now (kind of the longer of the scenarios that I am willing to consider to be plausible in current conditions)...



Mostly, when I sell, I consider that I might not be able to buy lower, but surely I do understand what you are saying, especially when the BTC price starts moving so damned erratically upwards for such a long time, the whole situation starts to seem to establish that some of us are just so damned far ahead of the game that it becomes somewhat of a low risk to be shaving off some decent amounts of profits with an expectation of having decently high odds of being able to buy back lower.. and even considerably lower.. especially if you are considering executing such plans in a supra $200k arena.. presuming that we might be able to get that high in this particular cycle.

You BIG meanie!!!!!!

 


You are both unstable and childish little twats.. .but whatever.. Yous do yous.

 


Bitcoin is for everyone, the last time that I checked.

Are you saying that you have been DCA buying into bitcoin for a decent amount of time and it has paid off for you?  If so, how long have you been DCA buying into bitcoin?  Depending on your cashflow and how much you are able to invest into bitcoin, frequently it will take several years to build up a decently sized stash, and even if you build up a decently sized stash, it may not be enough of a reason to stop DCA investing into bitcoin.. so it depends on your circumstances in terms of how much you had already put into bitcoin and whether it is a prudent idea to keep investing into bitcoin.

Of course, this thread is not so much about either trading or crypto currencies.. except maybe that some people will consider other tactics beyond merely buying bitcoin in terms of their own ways to accumulate bitcoin or even attempt to maintain their position in bitcoin (or their overall investment portfolio above and beyond just the bitcoin portion).

It is a bit unclear what you are wanting to say, yohananaomi.

Of course, there can be difficulties in investing into anything, so in some sense in terms of attempting to make the investment less difficult, you should attempt to tailor to your individual circumstances in order that you do not invest too much, and also there are likely needs to work on your own psychology in terms of not necessarily being tempted to cash out too much too soon.

No one can completely inform you how to balance your various individual factors in order that you are feeling neither over invested into BTC and that you also may well be able to invest enough to make a significant difference in your life in the long term  - while knowing and appreciating that BTC UPpity price performance is not guaranteed - even while it is likely amongst the best (if NOT the very best) long term investment that anyone could be making.

If you fail/refuse to adequately account for your own various circumstances including but not limited to cash flow, risk tolerance, timeline, other investments, view of bitcoin compared with other investments and time, skills and abilities to plan, strategize and tweak based on learning including considering reallocating from time to time and trading and the employment of various financial instruments.  Of course, trading and the employment of financial instruments are increasingly more advanced techniques, but still any investment, whether referring to bitcoin or otherwise is going to be better tailored to your own circumstances by attempting to adequately account for your own circumstances.


Anyone who might have $150k that they are able to invest can consider a variety of tactics including lump sum investing, DCA investing and buying on dips. 

Of course, a lot of normies do not have lump sum amounts that they are able to invest (including likely the situation of OP), so sometimes with a lump sum, there can be some strategies in figuring out how to divide up the amount that anyone investing into BTC may well have available, all at once, or to supplement the investment plan with DCA and buying on dips, as well as the lump sum technique that you, proTECH77, seem to have employed.

FTFY

Thanks for the update and the description of what is going on.

Just want to note that you may have made a Freudian slip, since there is no prosecution in this case.

There are plaintiffs and defendants because this is a civil case.

If this were a criminal case, there would be a prosecutor, and sure many of us wish to see a prosecutor to come to some case in which CSW et al seem to be abusing the process and lying to the court.... Maybe in the future?  We will see.

That's quite a random number.  Or is it?

Seems that you have picked such random number out of your a** that is just short of where we have already gotten within the past 5 hours, which is $48,500.  So you asserted that if we do not make it up to your random number, then the market is bearish - which comes off as nearly pure gibberish.

Seems that the more realistic approach would contain more zoomed-outedness to it.

but yeah..... we had a price correction down to $28,600 in June/July after our $64,895 top in April.

We had a recovery that brought us back up to $53k in early September

And then a crash back down to $39,573 in the past 10 days....

so far we have made it back to $48,500 in the past 5 hours

that is from $44k to $48,500 in the past 24 hours, but within the past 5 hours, we have not been able to get above $48,500... Is there anything to see here, yet?  I am having my doubts.

Seems too soon to call whether the UPpity would be done yet or not.. and if there were to be any kind of urgent need to reach $49k when we have already reached $48.5k, no?

Seems to me that we need a bit more data before coming to any kind of conclusion regarding where we are at and what it means - beyond that there are ongoing UPpity price pressures, and if you believe that we are revisiting $39k, that could be the case, and I am not even sure if that would be bearish, if it were to happen.. but let's see.. let's see.. The weekend is critical.^tm


Yes, deep deep deep on the inside, he is lovely so long as he gets his pacifier and no one gives him a keyboard - or would it be an ipad?

Congratulations on the woodie..

Even though I would like to ask if you consider that you are only around 7 years different in age than your bro-in-law?

Are you going to deteriorate that fast too? or is the bloodline different on your wife's side?   

Of course, there are also lifestyle considerations, too.

I understand that there can be a pretty big difference between 71 year olds, but sometimes the deterioration does end up happening fast too...and sometimes the deterioration is on the inside, so it is more difficult to see - even though a lot of times, signs of deterioration happen on the outside too.

Around 8 years ago, I recall a homeless man who was about in his late 30s show up at a business complex that I was then frequenting - because I had a business located within such complex, and he had a lot of nice shit in his shopping cart, and he was cooking quite well for himself on his portable burner. He also looked pretty  healthy and fit, too.  I saw him  around the same location for several months, and pretty soon the landlord got wind of his being set up there, and the police showed up several times, and even asked me for a statement against the guy, and I refused to give any statement.. I said I give few shits about the guy hanging out in the area of my business and seems to even potentially provide some protection to my business to have him around 24/7-ish.  Even the landlord's agent requested my cooperation saying that the police were having trouble getting the guy to move to another location, and they would need to start to employ stronger tactics, including the landlord's agent thought that it was funny that the guy referred to himself as "the king." hahahhahaha... Anyhow, the police harassed the guy for about a month or more, and the guy kept returning, and pretty soon they took all of his nice stuff.. and then I saw the guy in a very deteriorated state - and another homeless guy told me that some other guys (potentially homeless, as well) had attacked him and beat him up...so the guy soon looked more than 2x his age and even carried himself in a very decrepit way, especially after he had gotten beaten up... it was a kind of sad and quick deterioration...

I am not even sure if my homeless guy example is a good one because many of us likely realize that deterioration can happen very rapidly for anyone, and surely the older that they get - including above 40 years old, the body might not tolerate certain kinds of abuse or removal of nutrients very well.... of course, each decade.. 50s, 60s, 70s, 80s, seems to have higher potential for lack of recovery if any kind of bad thing might happen, and could happen to any of us.. including us with decently sized BTC holdings.


The system will not let you merit a post twice in a row within a few minutes, but if you wait like 5 minutes or more (or until the next block propagates), then you will be able to merit the same post twice.

That's correct.