I am thinking that the cost are the same after the halvening.
Only the new supply that comes out of that is reduced in half.
If costs are the same, and you get half BTC on average because the "new supply" is reduced in half, the mining cost per BTC effectively doubles. * All other factors remaining equal, as stated before. I would not characterize the end sum of the amount of reward as "cost," but instead profits per BTC that is reduced by half because of costs that remain the same and reward that is half. Otherwise, I have already made my points regarding the matter.  Semantics, perhaps? No. If we are talking about MINING COST PER BTC and after the halving you obtain HALF the BTC for the same total cost, the MINING COST *PER BTC* is effectively doubled. What kind of really wicked semantics are you talking about? lol |
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I am thinking that the cost are the same after the halvening.
Only the new supply that comes out of that is reduced in half.
If costs are the same, and you get half BTC on average because the "new supply" is reduced in half, the mining cost per BTC effectively doubles. * All other factors remaining equal, as stated before. |
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Wait, what? That's not how they were supposed to be |
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Can’t sleep!
Actually feeling uber bullish, looking at S2F & loads of positive tweets.
Feeling very excited about our future gentlemen.
LFC, I've been following your posts, always gives me a smile as I'm also a hodler from the UK. Merry Xmas man. We do not s*ck c*ck from the first post !!! Just laughing, welcome to the amazing WO-thread ..... Lol! Maybe an LCF alt?  Welcome xplode9! |
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FFS, show some dignity here and tell him to shove them in the ass!  I have no dignity for people that have no dignity in the first place. Fair enough... but still... |
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But but, ~
But but, send me all your available sm's right now, PLEASE. Time you contributed for busting our balls on a regular basis. I'll throw in a Heil fucking Hitler if I must.  FFS, show some dignity here and tell him to shove it in the ass instead! |
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Oh, fuck, you did it again! Anyways, I will try to respond in a single block ignoring all those completely unmanageable intermixed quotes: - Yes, it is not the same if you have some specific medical warning that says you only have a few months/years at the most. That would probably make for easier "planning" but as I said that's not usually the case. - Heart attacks (in today's world) are overrated. Ok, depending on the cause and the damage (if any) to the muscle they might be more serious though, but not per se. Even so, I knew someone that had really bad heart problems, so bad that doctors routinely gave him only weeks/months of life at *MAX*... for more than 8 fucking years. So there's that. Yes, he eventually died... orders of magnitude later than his almost sure expectancy. And he REALLY enjoyed life during those 8 *free extra* years. - On the other side there is people that simply die. At any age. With absolutely no warning and for no particular reason. And I am not talking about accidents here. - I don't expect to live to 120. Not even 100. And probably I wouldn't even WANT to live over 90. In doubt about the eighties. Unless medical advances by then improve enough such that I can have an intense physical active lifestyle at that age. Walking around the park feeding birds is not my thing, mkay? - Would I like to know the exact or approximate remaining life that I have? Well... that's tricky. Let's rephrase the question... If you only had 5-7 years left at the most... Wouldn't you like to know it? I would. To better invest my TIME in other things instead of exchanging it for money just in case I live way longer than expected. Less preparation for the future and more just LIVING now. Carpe diem you know. - One thing is having a bug-out-bag (which I am completely in favor) and one different thing is to go full retard into preparing for an "apocalypse" scenario r0ach style. No, I refuse to plan for a scenario in which I would probably not want to live and, what's even worse, doing so at the cost of not being prepared for a more probable and enjoyable lifestyle. That's nuts. No surprise here, eh? And I think that more or less sums it all up. Really, can't you avoid replying with that kind of complex structure? It makes for a very tedious work replying back. But you probably already know that and just don't care or even do it on purpose, don't you? lol |
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What mind? He doesn't need no fucking reason... The guy is completely nuts, what would you expect? lol |
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Where Do we wanna go from here?? Someone can fill in that question ?  Nobody can predict the next movement these days. But considering how fast the price recovered from yesterday's crash, I think the next target is $8200. I don't know yet who sold so much in the last months, but this wasn't a mass sell off like in 2018. I have a gut feeling that their bitcoin bag is now empty, so I wouldn't be surprised if we jump and this time stay above 10K in the following weeks. If my gut feeling is not quite right, we may be in pains for the next weeks with jumps and falls around 7K. It is less probable that the bears attempt a new attack on $6500, this will cost them too much. At least they don't have the support of the miners, who are still on a loss right now. The hashrate compared to the last year doubled, so for the miners for example the price $3200 in 2018 is equal to $6400 now. I think that the break even price considering the electricity and all maintenance costs right now is around $7-8K.Now that is interesting, what will the break even price be after the halving? All factors being equal, well, double (ie: $15K) But then, if prices also increases it is predictable hashrate will too, so more than double. There is always the possibility of price not increasing and then hashrate decreasing while maintaining the cost per BTC mined. So... we don't really know... but double is most "safe" answer. Or was it a rethorical question? lol |
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Coming out of retirement happens more often than you think. Not one in a million. I wasn't exactly retired a couple years ago, but then I was unemployed surviving on coins. Wasn't enough I guess.
IIRC, you played your cards really well (converted the altcoins into BTC at the peak) and ended with around 50BTC a couple of years ago. WTF did happen? I didn't convert them all. That was the value if I had. So yeah .... right ... The alts were ... staking or getting rewards, and I lived off those rewards without eating into the principal, so in that sense I wasn't losing. But then everything crashed, so the alts weren't enough. If I did convert it all, I would most likely still be unemployed today but it's a good thing I discovered all sorts of traditional financial investments because of that that I'd know better what to do next time and at least set aside some as a conservative investment in fiat, or as an emergency fund at least. Other things happened in between, like exchanges literally dying as I was trading them, so lost some that way. Sorry to hear that. I remember that, at the time, I though it was envious how well you played the up and downs, but I guess shit can always happen no matter what. 50BTC would still be a pretty healthy stash even at current prices. I am not too much into alts, but I do remember how Byteball, for example, had an sky high valuation while it was paying "rewards" and then it dropped to almost nothing when it stopped doing it. I guess the moral of the story is that alts will always be alts and Bitcoin is the only safe (even if volatile) store of value. |
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This is fine.
That being said we won't be out of the woods until after $8K+.
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Coming out of retirement happens more often than you think. Not one in a million. I wasn't exactly retired a couple years ago, but then I was unemployed surviving on coins. Wasn't enough I guess.
IIRC, you played your cards really well (converted the altcoins into BTC at the peak) and ended with around 50BTC a couple of years ago. WTF did happen? |
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Observing a "tremendous" amount of shorts getting absolute savaged right now, and liquidated...
You are almost making me feel bad for 'em.... NOT |
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^
Outside of WO I can't assure you and outside of 6500 either.
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 Is it safe out there now? |
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Anyhow, Richy_T took his marbles and went somewhere else.. and whined the whole time about BIG blocker nonsense including supposed censorship going on within this forum.
Hunh huh... ' supposed' ... JJG tryna make a funny.  Know what's funny? I had a heart attack during december 2013 dump. Now I will leave you wondering if serious or not.... I will just say that I have "the card" that enables me to joke with that as much as I want Might be going down the TMI road, but health ideas should affect bitcoin investment ideas in terms of how much time might remain in your investment horizon, and what is your particular status whether accumulator, maintainer or liquidator. Some people have real solid health issues that could spring up upon them at any time, but even younger people can sometimes be surprised by some kind of issue that comes up to make them more serious about considering their own mortality. Surely we have talked about it quite a bit in this thread, and I have even made some implications regarding my own thoughts about my timeline and how it might change. None of us longer term holders really want to be considering cashing out any bitcoin during a dip, but if some additional health matters suddenly come up, we might change our viewpoint (back to having options) because we are already in profits, versus someone who is more clearly still in the accumulation stages - which might be anyone who has average BTC costs that are not clearly profitable and maybe in the less than 2x price appreciation arena rather than being in a 4x to 10x or more price appreciation arena. Another thing is that some BTC HODLers may have gotten into bitcoin early (I saw part of your story in the BSV thread), but then they did not take the opportunity (by hook or by crook) to establish a stronger starting position, so their current accumulation of BTC remains ongoing because they feel that their overall stake still remains relatively low, even if they got started in bitcoin much earlier than others. Actually, I recognize that I got started much later in bitcoin than some people, and even started buying BTC at way higher prices than their initial investment, but they made some BIGGER mistakes along the way regarding either cashing out too much or not buying enough on the dips, so then my BTC holdings ended up becoming quite greater than theirs. Of course, we all have boating accident issues, too - or something similar to that, so there is that concept, too. The problem with life expectancy is that it is just that... an "expectancy". It is very rare cases when you know what your real "limits" are. For example, I could die tomorrow, in ten years, or even in 30-40 years. Heck, maybe there is a little chance for 50 more years (not unheard of in my family). That doesn't help to really change investment behaviour. I mean, if I knew I only got 10 years left. Well, then I got more than enough to cover that with considerable better lifestyle/spending habits than I currently have. Without working. But what If live 30-40 years more? Then I don't have enough, so it is for that scenario that I need to keep making money. Also, even if you have it all perfectly covered, sometimes shit happens. Like... you know, the tax agency (or an accident) decides there is reason to seize all your banking money and assets. Then there's the having some money outside the grid that I was talking in the post in the BSV thread. So the thing is you never know how much money is "enough", even if you are not particularly "greedy". But, even if you already reached that point... there is still a solid reason to keep some (or even most) in an asset like Bitcoin. Yeah, it would help to have a more precise live expectancy figure to be able to plan your financials... but that's not how life works. Maybe there are some pension/insurance funds that you could use (at a cost) that would cover you in case you end living much more than your statistical expectancy... but that's something I have not really looked into, yet. |
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You will have a VERY hard time finding anyone with 100BSV. Why? Because noone in their right mind would have bought as much unless he got airdropped because of initially having more than 100BTC. And, even in that case, you would need to find someone with more than 100BTC that hodled his BCH until the BSV fork and kept hodling till now.
And no one with 100+BTC (probably WAY more to still be hodling 100 BSV) is gonna lend you shit for pennies. So you better up, or better yet, change your game.
Maybe I could lend you 5-10 BSV. For 20%/week (you give me back 6 if its 5, 12 if its 10). 150% collateral in BTC that *I* hold, no third party escrow. Or with third party (well known) escrow for 30%/week. Deal?
Scratch that, with those terms I could even give you one full month instead of just one week for the same interest.
Maybe my terms don't sound too good, but yours are even more ridiculous and my offer is probably the best you are gonna get.
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Are we saying that Bitfinex itself is therefore acting as the defacto trade counterparty ? That sounds distinctly dodgy.
GalacticMindExplosion.gif counterparties are the exchange users that are loaning (is that the right word?) those $ and/or BTC. I don't see nothing fishy *there*. Right. And their tether is one hundred percent backed by good ol' federal reserve notes. Until we found out that that was a lie. Yeah, that is a different matter. I wouldn't touch a tether with a fishing rod. Yeah, that is a different matter. Yet... the same people. Fool me once, shame on you. Fool me twice, sha... fuh... won't get fooled again. Fair enough. I only have there a bunch of worthless IOTAS a few BCH, BSV and BTG. No BTC (maybe dust). |
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Anyhow, Richy_T took his marbles and went somewhere else.. and whined the whole time about BIG blocker nonsense including supposed censorship going on within this forum.
Hunh huh... ' supposed' ... JJG tryna make a funny. Know what's funny? I had a heart attack during december 2013 dump. Now I will leave you wondering if serious or not.... I will just say that I have "the card" that enables me to joke with that as much as I want |
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