From reddit: trading by J. Livermore (what NOT to do). https://www.youtube.com/watch?v=RQHEfCzBQMMTL;DR always sell your losing trades and keep your profitable trades...alas, don't trade and expect the market to "buy" things for you  . |
|
|
|
|
seventy again;
when a number one-two-three
is added in front?
# haiku..."invented" a word, but @Alcohodl thinks it is OK for poems; besides, the counter agrees with the syllable count.
|
|
|
|
|
The halving is on 4/20?
nice...
lol
|
|
|
|
Earthquake (4.8 mag) in New Jersey/NY!?
I would never thought that this area is active, seismologically.
Wow.
checks in for latest bitcoin blah blah blah. yawn...memes... yawn..... jay talk ....yawn... bitcoin... buddy....yawn Oh wow... an earthquake! cool! (ok, maybe I'd better scan back before being my usual asshat self) Well...bitcoin "announced" that it wants to sleep a little bit before the halving battle (or excitement). Any good music for it to sleep tight? |
|
|
|
|
OT: a major s-tcoin (not VB coin) has 75% of tx that are failing, currently...
I wonder when this would translate into a loss of "mindshare".
I think that we are in a multi-year odyssey to prove that POS cannot work, in principle.
|
|
|
|
|
Earthquake (4.8 mag) in New Jersey/NY!?
I would never thought that this area is active, seismologically.
Wow.
|
|
|
|
typical wall street white head... just do the opposite of what he says and everything is fine
Are you a racist? Or just a clueless kid? Obviously not! I only talked about your hair, generally old-fashioned people in the financial market have gray hair It's a form of expression, perhaps it's not known in your country... But here, saying that (white hair/white head) is generally a reference to very elderly gentlemen who are totally critical of BTC and technologies... People stuck in time... I'm sorry if I wasn't clear enough in the previous post, or if you were offended... I would never be so stupid as to write something racist, because I'm not. I wasn't sure if you were being racist or ageist. Thanks for clarifying that. It's the second of the two. I want to chime in here. I am 67 with white and gray brown hair. Beard is mostly white. So I would be a white head. edit a balding white head. There is a real problem I never owned a stock> I never invested in Wall Street. But I have owned BTC since 2012. So saying a white head is as bad as saying any other shit. Whats next boomer. I get tired of insults because I reached 67 and I am a white guy. At jimbo thanks for defending me. Definitely ageism that actually sounded funny: in US "whitehead" and "blackhead" are typically the descriptions of pimples, lol In this sense, that Wall Streeter very well may be a a "whitehead", ready to "burst", lol Sorry for a bit of TMI. @Phil...if you still have brown hair at 67, 90 might be an attainable goal, although age and hair not always correlate... I have a relative, who got all grey hair (inherited trait) at 30, still the same grey hair at 80. |
|
|
|
.."strangely" mesmerizing |
|
|
|
Sorry, I have no idea what you two are talking/interacting about...hopefully not about the chart wiggle (so far). what else could it be I dunno, i don't spend too much time grazing at the 5 min chart. |
|
|
|
Sorry, I have no idea what you two are talking/interacting about...hopefully not about the chart wiggle (so far). OT: Here is something : https://www.youtube.com/watch?v=L3CHvi7iCM8..another planet's desert...imagine trillions of worlds like this..desolate, empty, forever circling around their home stars with no one and nothing to observe this. Does Universe have a meaning? Probably, not. |
|
|
|
3 Body Problem is a must watch.
I agree; it starts slow, but improves as it goes. For those who did not read the book, some plot directions might be a little "weird". |
|
|
|
Partially OT:
Typically, I don't post about s-tcoins, but I want to address one interesting social phenomenon about them this cycle.
A memecoin obviously does not have a value, apart from being just that, a meme.
However, why we see such seemingly outrageous valuations for those: 31bil, 18bil, 4.6bil, 3.6 bil..and on and on.
I think that it represents something, but what is it?
Possibilities:
1. Rejection of traditional monetary values. Something like this: "you, boomers made my life difficult, so to spite you and reject what you think is valuable, I would invest in meme stocks (GME, AMC, etc) and meme coins".
2. Desire to organize into virtual "tribes": the tribe of dog#1, the tribe of dog#2, the tribe of a "dog wif hat" (for f sake!), frog, whatever.
Each tribe has a meme, then probably would have certain rituals, etc.
3. Complete and utter nihilism that translates into "laying flat" and meme coin chasing.
Honestly, this is not what I expected, but it seems where we are.
Certainly, memes have, for now*, the biggest momentum.
I am not buying any, but I am very curious about what it all means going forward.
I also think that it seems that memes distract from the major thesis of bitcoin as being a new form of money.
They are almost a caricature of that important idea.
Bewildered.
* I have a bag of dog#1 from long time ago at zero cost as I took lots of profit during the last super spike.
We have already frequently seen these various kinds of pumps of shitcoins, projects, ICOs, NFTs, stable coins, inscription/ordinals, and now meme coins. Why do you feel some kind of need to ascribe more meaning to it? Yeah, a lot of folks are frustrated with various systems and want to say fuck you to the man, and some of them might know about bitcoin and some of them might not.. so they are going to have fun staying poor if they cannot figure out ways to get in and out and maybe to put some of their profits (that is if they actually are able to get any profits) into something solid like bitcoin rather than riding any particular meme coin for too much and for too long. Why? Because this area of the market is still speculative and those "things" have a lot of momentum, and, surprisingly to me, did not completely fade into obscurity in the last bear by losing 99% (as I expected), but, instead, are running like "dogs", pardon the pun. You seem to not see this as some kind of weird cultural phenomenon (I do). That's fine, but I would hate to be in a situation when those nonsensical plays have ALL of the momentum and we stay flat. Alas, it would not be catastrophic, but maybe the complete opposite of any expectation from the "serious" market commenters. That's it about the "dogs" from me...back to the "regular" program. |
|
|
|
Partially OT:
Typically, I don't post about s-tcoins, but I want to address one interesting social phenomenon about them this cycle.
Memecoin obviously does not havea value, apart from being just that, a meme.
However, why we see such seemingly outgareous valuations for those: 31bil, 18bil, 4.6bil, 3.6 bil..and on and on.
I think that it represents something, but what is it?
Possibilities:
1. Rejection of traditional monetary values. Something like this: "you, boomers made my life difficult, so to spite you and reject what you think is valuable, I would invest in meme stocks (GME, AMC, etc) and meme coins".
2. Desire to organize into virtual "tribes": the tribe of dog#1, the tribe of dog#2, the tribe of a "dog wif hat" (for f sake!), frog, whatever.
Each tribe has a meme, then probably would have certain rituals, etc.
3. Complete and utter nihilism that translates into "laying flat" and meme coin chasing.
Honestly, this is not what I expected, but it seems where we are.
Certainly, memes have, for now*, the biggest momentum.
I am not buying any, but I am very curious about what it all means going forward.
I also think that it seems that meames distract from the major thesis of bitcoin as being a new form of money.
They are almost a caricature of that important idea.
Bewildered.
* I have a bag of dog#1 from long time ago at zero cost as I took lots of profit during the last super spike.
If you believe in satoshi's power into wealth concept the scrypt algo is okay. I don't know if any of the other memes you think about are pow . It matters to me and you, but it does not matter for meme-runners or so it seems. |
|
|
|
|
Partially OT:
Typically, I don't post about s-tcoins, but I want to address one interesting social phenomenon about them this cycle.
A memecoin obviously does not have a value, apart from being just that, a meme.
However, why we see such seemingly outrageous valuations for those: 31bil, 18bil, 4.6bil, 3.6 bil..and on and on.
I think that it represents something, but what is it?
Possibilities:
1. Rejection of traditional monetary values. Something like this: "you, boomers made my life difficult, so to spite you and reject what you think is valuable, I would invest in meme stocks (GME, AMC, etc) and meme coins".
2. Desire to organize into virtual "tribes": the tribe of dog#1, the tribe of dog#2, the tribe of a "dog wif hat" (for f sake!), frog, whatever.
Each tribe has a meme, then probably would have certain rituals, etc.
3. Complete and utter nihilism that translates into "laying flat" and meme coin chasing.
Honestly, this is not what I expected, but it seems where we are.
Certainly, memes have, for now*, the biggest momentum.
I am not buying any, but I am very curious about what it all means going forward.
I also think that it seems that memes distract from the major thesis of bitcoin as being a new form of money.
They are almost a caricature of that important idea.
Bewildered.
* I have a bag of dog#1 from long time ago at zero cost as I took lots of profit during the last super spike.
|
|
|
|
|
more dough is printed
what percentage to bitcoin?
not zero, I say
# Sunday haiku
|
|
|
|
|
I know that many people post 120-140K as a possible top this cycle and yet others think that we would go to 250-500K. Those are probably two main ideas of where the top might occur.
I want to present an alternative scenario. It would be mostly just numerology (with my bias), so here is that.
Consider prior tops:
$$: 32, 1160, 19780, 69800 (numbers could be slightly off, I am going from memory).
OK..1160 from 32 is 55X, 19780 from 1160 is 17X, 69800 from 19780 is 3.5x
Mostly people say: aha..so next will be a decrease to 2X peak to peak or even slightly lower (I have seen even 116K bandied about).
However, I propose an alternative scenario:
What if the 2021 number is an "artificial" one, caused by the chinese mining ban plus FTX shenanigans?
Let's just use a "projective" numerology and assume that a cycle reduction should be similar from cycle to cycle with a 0.309 coefficient (the fraction of 17X and 55X).
This gives a "theoretical" 2021 value of 5.25X of 2017 value or $103351 and 2024-2025 value of $167661 (1.622X(of 103351)=5.25X0.309X103351).
Of course, it is entirely possible that because we underperformed in the prior cycle, we would outperform in this one and peak even higher, but I decided to show the numbers I got so far.
TL;DR An alternative numerology suggests a peak at ~$168K for this cycle.
|
|
|
|
Possible.. . yeah sure.. but really? Are you going to really want to argue something in that lame-ass direction? Is there a way we could potentially outline something like this to be bettable because what you are suggesting it quite outrageous, and you likely know that you would not stand behind what you just said, but you want to appear as if you are "open-minded" while at the same time, you are providing "fair and balanced" fringe nutjob theories as if they were to have some kind of a meaningful chance that would be worthy of serious accounting. You almost deserve a slappening for that nonsense.... unless you would rather frame your nonsense in acceptable bet terms, then I will forgive you for your participation in this line of thinking. That's a strange reaction.. Personally, I don't care about gold, but it is perfectly reasonable that it MIGHT be at 5K in 8 years as it is ONLY 2.4X, roughly, or 10-11%/year. Similarly, it is also perfectly reasonable for bitcoin to be at 1.6 mil in 8 years as it would be 23X or about 48% a year. Not interested in any bets as I don't have a strong conviction about either of these numbers. EDIT: a keyboard fight? lol |
|
|
|
Indeed, considering that gold is already at 10X market cap (currently). However, it is feasible for gold to go to 5K or 15.41 tril X (5000/2233)=34.5 tril while bitcoin matches this at $1.64 mil/btc in 6-8 years. In fact, this would be quite possible. |
|
|
|
Binance US discontinued its transactions in USD right around the the beginning of 2023.
There is cash app, and Gemini, and there may be bitcoin atms, depending on the city where the guy is going... or maybe bitcoin meetups and just transact directly with some real world peeps.
Thanks JayJuanGee for the help. I think as philipma1957 said, coinbase is good option to go for. Sounds like too much hassle for just a few hundreds but anyways.... Can your relative open a bank account in US if he is not a resident?
Already there with bank account. FYI: Coinbase account and bank account would have to have an exact same spelling of the name (and opened to the same person) for them to facilitate the transfer...no third name transfers. EDIT: foreigners can easily open US bank accounts, but Americans cannot easily open foreign bank accounts (in fact, most banks outside of US don't do business with US citizens). It is a "funny" asymmetry. |
|
|
|
I had a pretty BIG tax bill this year too, for "reasons.".. kind of weird to sometimes be paying so damned much.. ... ..
yeah my wife complains about the amount of taxes we pay lately. i just tell her that if you dont want us to pay taxes we can always choose to be poor, as we only pay taxes when we make money. she grudgingly agrees paying it is better. There can be dilemmas regarding if there is enough money in the various accounts that are already in dollars to pay the bill, so then just move a little money around so that there is enough in the account that is paying the bill... so then it comes in handy to have some of that money just hanging around.. .. yet at the same time, don't we also sometimes worry if we have too much cash that is just hanging around and it is not working?.. I hate to get sucked into those luring ideas of yield and interest and dividends, even though surely there is some attractiveness in having your money working versus not working, and another thing is that I will admit that I did have to sell some cornz to cover the float.. or to be able to maintain my sufficient cashfloat.. which meant that I ended up selling around 0.3% of my BTC stash, and hey that should just be a rounding error correct?.. I mean I probably am already to a status that I am permitted to sell way more than that - even 30x of that and to even claim that it is sustainable to be able to sell up to 10% per year..... so still dancing around ideas of being able to sell 4% to 6% to 10% per year. .. and look at me getting all worked up over a mere 0.3%.. .. even if I sold that every single month. .that would not even add up to the 4%.. it would be 3.6% for the whole year.. .. gotta pick up the spending game.. I keep saying to myself, but not really complying.. . Maybe I should bid against Bob's 55 acres to the south of him?... and we could become neighbors? good ole buddies? Could you actually imagine bob as your neighbor in real life? Trading in and out often increase taxes as these trades count as short term cap gains, which are taxed the same as income, so up to 37%+NIIT of 3.8%+state tax (not in TX). Not optimal, so after experiencing this kind of taxes once (during the Internet "bubble"), I almost never sell before at least a year has passed. I hear in Germany, it is zero tax after a year. No such luck here, but some more manageable amount after a year. Keeping most of cash in a bank (which pays out close to nothing) vs keeping it in a brokerage account that pays above 5% in a money market fund is as close to a nobrainer as it could get in a non-crisis economic situation. |
|
|
|
|
Show Posts
