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961  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 01, 2024, 04:44:06 AM
Good morning, gentlemen.
Feels good being nearly 40% richer than 1 month ago. This is nothing though, where we are going moon suits will be required.

My body is ready. Will you give us peasants a hint on when to sell? I remember two previous cycles you had almost perfectly correct timing!  Cool

You did not get into the cornz in order to sell it, did you?

Whoaza!!!!

True Bitcoin'ers are looking at their net worth being +50% in February vs USD and thinking 'meh, what took you so long'
Utter psychopaths
https://twitter.com/alistairmilne/status/1763204348824146094
BTC is still too cheap, especially after the recent Covid inflation / money printing scams around the world.

True value is probably closer to $600,000 than $60,000 at this point.

I don't know about $600k, but it is likely that there needs to be a fairly quick adjustment of 2x to 3x in the price just to accommodate the current ongoing buying pressure and the soon-ish cut of the new issuance rate...

So, let's see what happens after we get in the 2x to 3x price appreciation territory.. and then reassess.

I don't disagree with the BTC price likely being overly suppressed with the various shenanigans of the last year or two, so that does also indicated some level of artificial price suppression that had been taking place - yet I still would not consider that a correction to proper  or true value to just happen quickly either.. even though it just seems crazy that there is not very much BTC supply available..

and I do think that there will start to be quite a few sellers if the BTC price got into the 2x to 3x price appreciation from here, which would be $120k, to $180k..   I think that there will be more current BTC HODLers ready, willing and able to give up their coins in that price range.  

On a personal level, I am not expecting to be giving up too many coins in that price range, even though surely I already have a schedule to give up some coins in that area, and I wouldn't mind finding some reasons to give up a few more coins in that price range.

Just think about the guys who have 200 to 500 Bitcoin.. .. some of them would be reaching billionaire status at only $2 million per BTC and the lower end would reach billionaire status at $5 million per coin.

A few years ago, it was not that outrageous to have that many coins.. so there could be some normies who would get to that status.. .. .. but yeah.. I think that $2 million to $5 million per coin is in sight for this cycle, but it probably would be less than 0.5% or lower than 1% to be reaching those levels in this cycle..  

We could go back to being more realistic for guys with smaller holdings?

True Bitcoin'ers are looking at their net worth being +50% in February vs USD and thinking 'meh, what took you so long'

Utter psychopaths
https://twitter.com/alistairmilne/status/1763204348824146094
BTC is still too cheap, especially after the recent Covid inflation / money printing scams around the world.

True value is probably closer to $600,000 than $60,000 at this point.
Nah mining ⛏️ sets the floor. So maybe 85,000 to 95,000 is correct for low end of value.

any thing over that is speculators and investors demand.


NOT


Mining does not set shit... they follow the price.

Don't you know nuttin?
962  Bitcoin / Bitcoin Discussion / Re: How many times we will make the same mistake? - History repeats Again & Again! on: March 01, 2024, 04:21:26 AM
In regards to bitcoin, gold has been performing pretty badly, and you can zoom in and out of this timeline
https://www.longtermtrends.net/bitcoin-vs-gold/
right now it takes more than 200 oz of gold to buy 1 BTC,
I snipped the rest, but there is something very wrong with that chart.

Gold is currently about $2,037 per ounce, so you need about 30 or 31 ounces of gold to buy one bitcoin (current price $62,900) not 200.

O.k.. maybe the unit is not correct, but the trend seems to be correct, and if we look at bitcoin's overall market cap compared with gold, the trend is the same.. bitcoin is currently right around 1/10th or maybe 1/12th of gold's market cap and bitcoin is likely going to fairly easily get to 10x gold's market cap in this cycle or maybe the next 2-3 cycles, and then surely the time between bitcoin getting from 10x to 1,000x gold's market cap could take a while longer.. maybe 50-200 years.. and so we cannot really know for sure, even if we can see the trend, and we can even understand why bitcoin right around 1,000x better than gold... in terms of its various monetary characteristics, scarcity, divisibility, verifiability, portability, censorship resistance, costs in terms of needs for use of third-parties.

So, even if the details are not exactly clear, we should be able to recognize the ongoing power of bitcoin in terms of our own investment allocation choices, and if you want to keep a lot of gold instead of bitcoin because you believe that it serves some meaningful financial purpose (from here forward), then that's your choice. 

I will give you that there could be some Armageddon-type purposes to keep some physical gold, but that still likely is pretty low in terms of how much preparation that you really need in that direction as compared to bitcoin - even though bitcoin relies on communications and even electricity/power.

Maybe 10 years from now in 2034 someone will be doing this same calculation, that 10 years ago in 2024 if we bought Bitcoin we would have made 34600% profit. At that time maybe the price of Bitcoin will rise at 8 digits! Maybe I won't be around then but Bitcoin will be fine. Smiley
10 years from now no body will assume or think that had it been they baught btc in 2024, that such figure of about %34600 would have been achieved in 2034, the value is an unrealistic value. I may not know much in cryptocurrency but I know if a coin pumps from maybe 0.000125 to $20 or #30 it will be difficult to pump in thousands again. meaning it will take time to grow. It might even take 10years to complete %500. ever since bitcoin has grown so high it has never grown by 50percent or or %100percent a day but may take 1year to make it atain %100. Check-in from the last ATH of bitcoin, when btc fell below the ATH. It took Bitcoin 3years to regain a lost of  almost %70 since 2021 to 2024, if not more than. So it might just take btc %100 or%150 to complete a ten years cycle. Let's take a look at this JJG table of absumbtion.

https://bitcointalk.org/index.php?topic=5469290.msg63695151#msg63695151
Though this table was made on absumbtion but there is still more realistic value in growth compeard to this your value of %34600 if you check intervals of ten year might just be a %100 or highest %200 you can check the value in the first year 1/14/2025  was $59.999.40 and the value in the 10th year 1/14/34 at $119.939.08 that is approximately %100 .

That chart that you are showing from me was for the purpose of someone inputting whatever his own expectations might be regarding BTC price increases while he is investing into BTC and using an 8% per year BTC price appreciation as a potential assumption that a guy might plug in to the spreadsheet.

When it comes to attempts to predict future BTC prices, personally, I like to refer to my entry-level fuck you status chart, which tries to project BTC price bottoms and it uses the 200-WMA to show past changes in the 200-WMA. .while at the same time attempting to make some kind of a reasonable prediction of future direction (that is of the bottom BTC price of the 200-WMA in order to figure out how many BTC that anyone might need to reach default entry-level fuck you status of the chart that is implied that fuck you status has an entry-level value of $2 million).

So that entry-level fuck you status chart shows mid-2034 as having a bottom (a 200-WMA) of nearly $287k - and of course, the chart should be updated each 6 months to attempt to verify if the 200-WMA is tracking above or below expectations.. so personally, I am expecting the chart to change every 6 months, and right now for the current 6 months it is right around 20% or more higher than expectations, and the next update will be in the end of May.

We see there is a difference in maturity here too, what makes Bitcoin gain higher is because of the age factor. Bitcoin is the newest while Gold and Property have been investment media for many people for a long time. Just think about the next 10 years.

If gold is able to provide 2x profits and property is able to provide 15x profits or at worst maybe 10x, can bitcoin get 350x again?


While currently the price of BTC is 62k, if that 350x could happen again, do you believe the price of BTC will be $21.7m per BTC in 10 years?
A multiplier of that size only came because Bitcoin was still in its infancy 10 years ago. Meanwhile, the other instruments you mentioned are not babies anymore.

Part of the reason that my fuck you status chart is showing fairly conservative with only about $31,500 and $287k , which is ONLY a 9.1x increase in the bottom price, yet I bet that bitcoin outperforms gold, equities and property, and I doubt that you get 3x to 5x increases in property in terms of real terms.

I am not sure if I will also be around after a decade but it is said that time is likely the safest speculation that Bitcoin will hit a million dollars.

But we do not know how this cycles that keep on changing every time we are on it. It might be quicker for the next few years and cycles to come and we might get too close to it.

I'll hold but I won't miss to sell because that's how it should go and we have to enjoy taking profits.
What do you mean by not so sure you’ll be around after a decade?
He means that when it comes to bitcoin, he is a weak hand, and he does not have confidence in it as an investment that will continue to gravitate value into it.

Most likely he does not understand bitcoin very well, and sure if there is some time in which bitcoin seems that it is losing the strength of its investment thesis, then we could get out of it if we can see that in advance.  

if we believe that bitcoin has decently good chances of going to zero all of a sudden or suffering some other kind of sudden crash in value in which we would not be able to get out our value, then we should modify our position size to account for those kinds of possible scenarios.. .that does not mean all or nothing in bitcoin, but still people can choose their position size and some people will end up benefiting more from the ongoing wealth transfer from no-coiners to coiners than others... and your ability to be on the receiving side rather than the losing side may well have to do with your actually having some coin..  Your choice regarding how much of a position size you believe to be a valid trade off, even if you have doubts in the strength of bitcoin's long term investment thesis.
Come on JJG, please don't be too harsh on me. My portfolio is composed of majority in Bitcoin. What I mean by that is I don't know if I'll still be living by that time.

You don't know what I am experiencing right now and what may happen to me by tomorrow or after a decade and that's why I've said I don't know if I'll still be around by that time.

Fair enough.  I am not trying to be any more hard on you than you deserve, and sure I was speculating a little bit in regards to why you said what you said, but now you explained further to show that I was not too far off in my superficial assessment of the situation. ..

And in the end, it does not really matter very much about your own personal position or situation. That is up to you to determine.  We are responding in a public thread, so if there are ambiguities, then members should be attempting to clarify those ambiguities, when feasible.

I've got a position that I can decide to hold even more than a decade but it is that I don't know what tomorrow may bring to me and this is outside bitcoin and the market. I may not be a bitcoin maxi because I hold some alts but it has the biggest portion of my holdings and my heart. <3

Hopefully, you are not too distracted by shitcoins.  I tend to recommend either no shitcoins or if you cannot resist, then to limit them to no more than 10% of your bitcoin holdings.  I imagine that even if BTC is your BIGGEST portion, it still is not close to 90%, and maybe it is not even more than 50% hahahahaha.. which  means you probably don't understand what is bitcoin as compared with the various shitcoins that you have chosen to waste your time, energy and money.

You still can't guarantee it because we already experienced it, before no one is expecting that the current Bitcoin price we have right now is what we will experience.
Bitcoin is unexpected so we must be always prepared.
We need to consider a lot of things now especially since we already have a lot of volume, a lot of people already know Bitcoin, etc.
Yeah, just plan your actions on how you'd increase your position or time of selling.

Surely, people have to figure out why they are in bitcoin, and whether they merely want to get short term dollar profits, or perhaps some guys might be trying to hold bitcoin for longer time frames in order to have more options 4-10 years or longer down the road.   So anyone still accumulating bitcoin can be placed in a dilemma regarding their continuation to accumulate, even when the BTC prices are going up a lot.. And in that regard, you don't increase your bitcoin position by selling.  You ONLY can increase your position by buying, and if you are in the accumulation stage of your bitcoin journey, then you should not sell bitcoin if your goal is to accumulate more of it..   

On the other hand, once you get to a point of adequate accumulation and/or over accumulation, then you have more options to sell some of it while it is going up, and if it does not go up then you don't sell it.. so then if you are overaccumulated, and then you want to start cashing out, then you should be able to cash out at any time and surely, it feels better to be cashing out when the price is going out rather than if it is just flat.... but at the same time, there could be concerns about selling too many BTC too soon, especially since previous ATHs tend to be pass through zones rather than being places in which any of us would be or should be expecting corrections... even though in the short term, anything can happen.
963  Economy / Speculation / Re: Top 20 days for Bitcoin on: March 01, 2024, 03:01:56 AM
2024-02-27 00:00:00   54534   57615   54500   57068   4197.17   238044743   56715.53 - 82nd  position
2024-02-28 00:00:00   57065   64000   56724   62512   5991.01   361873461.3   60402.75 - 37th position
2024-02-29 00:00:00   62512   63684   60365   61161   4398.26   273205327.3   62116.68 - 19th position
2024-03-01 00:00:00   61161   61774   60809   60904   67.17   4115527.38   61270.41


Of course, any member who figures a way to take charge of updating our tables, that would be appreciated.

The raw data comes from the "load raw data" from the bitcoincharts website.  https://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv
964  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 01, 2024, 02:34:15 AM
are we rich again?
Some people want to know how inflation factors into this.

 Roll Eyes Roll Eyes Roll Eyes
are these people in the room with us right now?

That's a good question.  I am thinking about it..

In the meantime, as a bit of a distraction, let me talk with my good buddy, OROBTC.

...JJG, #661544 just above

Yikes!  

No need to be scared.

My planning is much more basic than the work you've done in your referenced thread.  Yet the way I sold in prior spikes (small frequent slices as the bull markets were in full swing and soon after the ATHs) was similar enough (though unstructured) to your spreadsheet suggestions.  

I think that my spreadsheet covers various kinds of intuitive ideas and tries to structure them, even though largely replicated from several of the foundational ideas of rptiela (RIP)- and surely rptiela may have taken some of the framework ideas from some other place.. since the framework has a lot of very basic concepts that you could end up tailorizing to your own situation, and yeah, you probably are already employing something that already fits into the concepts, even if you weren't using a spreadsheet to specify it out and/or to project it out.

One of the great things about a spreadsheet would be to see if your overall value of your BTC in terms of dollars is going down, and surely, if you are expecting to be able to buy back lower, then you might not mind if the overall value of your BTC is going down in terms of dollars as you are withdrawing... so you can use the tool to suit your own objectives.

I do not plan in such detail for a few reasons:
1)  at this point in my retired life I tire of spreadsheets

I find spreadsheets interesting and empowering, so i don't consider them as work because they help to guide me in my thinking, keeping track of things and help me in my decision-making.

I will concede that it might not be healthy to spend too much time with either spreadsheets or looking at charts - including live BTC price charts... .. so I am not going to argue with you in regards to some of those lifestyle choices.

2)  things change so fast that I will make decisions, sometimes, on the fly

If you are not putting the data in a spreadsheet, then you likely are keeping several of the parameters in your head.. and maybe it is a bit of a subconscious process.

If that kind of practice works for you, then I cannot really argue with someone changing their lifelong practices, especially if they have a certain level of success with such practices.

On the other hand, many of us likely realize that planning and/or having some structure does not prevent anyone from being spontaneous within the structure.  I change my structure quite frequently, even though there are some foundational aspects of my structure that does not seem to change very much - mostly because it works quite well... at least for me.

I know that some times the eyes of others will glaze over when you describe some kinds of planning documents - especially if there might be some expectation that they might need to put some of the things in play.. and I do find myself explaining things to people in real life in terms of spreadsheets that I have been making for a large portion of my adult life... .. and of course, if we are talking to people in real life, we frequently won't get into too many details about personal financial management.. but people have to have some level of responsibility in regards to such matters, even if they use the services of financial consultants..

3)  I have never had enough BTC to attain one of your FU status amounts, but that's fine with me as my wife and I are retired OK, you may remember me re 1% - 2% of net...

FU status is an example of a goal that someone might have, and it seems to be a somewhat realistic goal in terms of being able to stop working, and potentially to stop working earlier than otherwise.

Surely, we know that getting involved in BTC can serve in very empowering and/or optionalities, without even necessarily getting to fuck you status.. or some folks might enter into regular retirement status, yet be able to supplement their lives with bitcoin and to become more empowered with more optionalities due to their having had gotten involved in bitcoin.

I recall that historically we have had some little debates back and forth in regards to bitcoin allocation topics and even some of the reallocation choices that any of us might make, and so of course, through many of my discussion with you, I realize that you have decently well thought out strategies that likely are more accepting of frequent reallocations - and probably since 2017 or 2018 or so, I have been largely subscribing to a school of thought an practice that emphasizes "letting your winners ride," which largely has resulted in fairly low levels of reallocation within my own practices.... I might have already come to that conclusion in 2015 and/or 2016 - but did not really have the chance to test out my own convictions until going through the 2017 bull run and then the 2018 correction and realizing that I was pretty much fine with how I had handled it, even though surely I could have increased my BTC stash more by selling more BTC on the way up in 2017 and then buying them back in 2018.. but at the same time.. .I still get nervous about those kinds of thoughts of overly selling BTC with expectations to buy back at lower prices.

Even my sustainable withdrawal tool(powered by bitmover) causes me nervousness in regards to the advance withdrawal months that are embedded into it, and I am thinking of not even employing the advance withdrawal months until the BTC price is either at least 200% or at least 400% more than the 200-WMA.. and even with a tool to help empower with that kind of guidances, it makes me nervous to either sell extra even though I can see the tool shows such abilities to exercise such optionalities.

By the way, a quickie point about your assertion of a 1-2% allocation that have done you well (maybe subsequently realizing that it was whimpy, but even whimpy can have very large payoffs)... but let me just say:

Between 2014-ish and 2020-ish, I had been recommending normies, everyone newbies, 1-10% allocation in bitcoin.

2020-2024, I had been recommending 1% to 25% allocation in bitcoin

Starting in 2024, I have been recommending 5% to 25% in bitcoin.

from about 2014 to 2020, I had been recommending $10 per week invested into bitcoin minimum, and starting in 2020, I had been recommending $100 per week.. of course, a person need to make sure that his discretionary income allows for these kinds of minimums, otherwise he has to adjust to his own level of discretionary income and not overly burden himself if he happens to have a discretionary income that is either less than $100 per week or not much more than $100 per week.

There are reasons for the changes in my recommendations, and probably part of it has to do with the investment thesis of bitcoin getting stronger, partially triggered by some of the craziness that we learned about since March 2020-ish, but also there are likely some needs to front run a lot of the BIGGER money coming into bitcoin, especially in recent times and likely going to continue to put quite a bit of stress on bitcoin supplies (aka supply shock, which is likely fixed through higher prices, perhaps 2x to 3x higher prices just as a base to accommodate the recent changes to the demand on the supply and the upcoming known happening regarding Bitcoin's new supply issuance getting cut in half).

4)  my sales-in-slices strategy worked well in 2017 and (especially) 2021

I am glad you gave it a name... that inspires more confidence that you have thought through whatever you are doing.. so if you have thought through it, then it is more likely to be more specifically and adequately tailored to your own circumstances.

5)  I might not have the discipline to follow a plan...

I am getting a sense that you have an outline of a plan in your head, but there might be some leeway that you are leaving in terms of figuring out how and when to exercise your trigger pulling based on your overall sense of what is going on in the BTC space.

I certainly concede that my somewhat relative success has been in at least part due to luck.  

Oh gosh.. we all need some of that, and surely bitcoin has provided a lot of abilities to have a lot of fuck-ups, yet to still be successful as long as guys mostly errored on the side of buying and accumulating corn...

And, sure, there could have been some BIGGER errors that guys make and sometimes they might recover and sometimes not.. in regards to using leverage or trading and one of the big ones is how much some guys lost when they were putting very much of their BTC wealth into "yield-earning" products.

I can see how it can get tempted to "earn some extra" cornz, and sometimes for some guys, those kinds of practices may well have had ended up being more risky than we might have had realized.

I suppose another problem is panicking on the way down and maybe shaving off too much profits.

You know one of the things that I will criticize some of the forum guys from shaving off too many of their BTC profits, and then they might end up not being able to enjoy as much of BTC's built in compounding effects - which also relates to practices of selling too much too soon..

but then we found out in 2021, some guys may not sold enough because our blow-off top ended up being way smaller than expected, and then our correction ended up going below the 200-WMA way longer than it had previously... 16 months with a lot of that time below the 200-WMA was something that BTC had not previously experiences.. and  sure, it may well end up happening again.. who knows?

But, as I considered in the past with my own views of probabilities of price movements both uppity and downnity and our financial situation and rather plebian knowledge of Bitcoinistan, I was just fine with the gains I made.  Which have not been game-changers, but that's OK.  Especially 2021...

My game plan is likely to be "rather 2021-ish."  Sell off small slices every once in a while, maybe once or twice a week, once we reach some $80k.  In 2021, I started selling at $30k, and sold off slices throughout the double spike.  I then started buying again at some $40k - $45K (too soon, oops).  My last purchase was just this Monday, I haven't made up my mind when I'll buy again.  My buying more-or-less conforms to the spirit of DCA even if sloppier, but, hey it works without overly taxing my brain.

A lot of that sounds good... you probably could buy all the way to the ATH. .and then start selling $80k and above and do just fine.  maybe you would be better off using my sustainable withdrawal tool rather than the raking tool.. because if you are just going to sell regularly, the sustainable withdrawal tool can help to give guidelines on that, too... even if it scares you to think about using those kinds of tools.. yet at the same time, if you are realizing that BTC prices could end up going to $500k or higher (which is not even outrageous) this cycle (but then it might end up topping out somewhere between $80k and $150k.. which seems pretty damned bearish), then you probably would not want to run out of BTC to sell, even though you sell that you plan to never run out.. so in some sense there should be some kind of guidelines regarding how much to sell, whether you are measuring it by time or price moves (price ranges).
965  Bitcoin / Bitcoin Discussion / Re: How many times we will make the same mistake? - History repeats Again & Again! on: February 29, 2024, 06:04:40 AM
Currently, I am seeing the atmosphere of buying Bitcoin busier than ever. Not only from retail investors, but also from huge demand from large organizations as well as ETF funds. This bull cycle of Bitcoin may go beyond our imagination. I have seen that many people out there, after going through many long months of downtrend, have tortured their psychology, making them always want to sell when Bitcoin grows. This is not wrong, taking profits is never wrong in investing, but on the condition that you will not reinvest again for a long time, otherwise they may have to buy Bitcoin back at a higher price. They are unintentionally trained to have a "locking in gains" mentality without them knowing, because during the downtrend period, if they do not "locking in gains" when there is a profit, the price will turn down immediately afterward. I still have a small amount of money left for buying Bitcoin, I will allocate it all in the near future.
We are on the moon now and bitcoin price has actually surpassed what we wanted as it broke its previous ATH. What was expected to happen and the maximum price increase made Bitcoin become the talk of many people again and now people are starting to see the great potential in Bitcoin. The large demand makes bitcoin increase and investors are ready to sell at the target price, the market will become greener in the last few days and in the future because there will be a big rush in the bitcoin market for some people who take advantage of it

This is truly extraordinary and if we had some money in the last few weeks then today we would have made a huge profit on the good price which is quite significant. Especially for those who have held bitcoin for a long time and the accumulated purchases are much cheaper so that when the price is at its highest it will produce maximum profits. We must be prepared to buy in larger quantities because there will be a next ATH at a much larger price.

If we are talking about dollars, bitcoin has not reached it's new ATH.

We got up to $64k today, and the ATH from November 2021 is $69k..

Bitcoin is reaching ATHs against various other currencies .. and likely those currencies had been weaker than the dollar in the last 2-ish years.

Now, even though it looks like this is a perfect motivasion for people to invest in Bitcoin, you still have to put everything into proper context, before you make this comparison.

Now, 10 years ago... Bitcoin was a very controversial topic and also not regulated and accepted in most countries, so the risk of buying bitcoins back then was a lot higher than what it is 10 years later.

Not a lot of people would have risked dumping money into something that was unregulated and not adopted and accepted by a lot of people.

You are correct.  For some, bitcoin is just becoming investable, both in terms of its market cap and also in terms of its gaining mainstream acceptability.  And, even with all of that, we are still early for anyone thinking that bitcoin is in a bubble or getting mature or any of that blah blah blah bullshit.

It is a little unfair to other assets, but this is where we are at, including that so many other assets have been corrupted by various dollar debt systems, which is harder to accomplish with bitcoin, even though surely folks are going to try to corrupt bitcoin in the same way.. and let's see how it goes... much still to be determined in bitcoin's early days (years) of existence.
966  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 29, 2024, 05:52:40 AM
...Just checked Gemini exchange.  Still working (that is, got to my account OK, balance is correct), but I did not try to sell anything.  80k is my first sell point.
So you're selling next week then, approximately.
If /when we get to 80k, sure, I'll sell a tiny slice.  Just like I sold slices in 2021 and 2017.  It doesn't hurt to take some profits.  At 90k, another slice.  DCA in reverse if you will.

I'm one of those guys who's never sure about what will happen in the future...  I'll take some of the money and run (like before).

But, I'll never sell all of my BTC.  Never.

Of course, you probably have your own spreadsheets, but feel free to use the raking spreadsheet for any ideas or the one on Google that fillippone created that allows you to plug in your own terms and see the results.

At that price some big money cashes out so it's more BTC in circulation, bearish for the price
Retail ETF investors are buying
Big institutional investors are not buying much
Retail trading is still mostly short

==>82k then down to 45k to clean?

That would be quite unusual to make it all the way through no man's land and then to correct all the way through it .. plus some extra..   I don't buy it.. or at least it does not seem to have very high odds.

I would give higher odds to either mid $90ks or even going past $100k and getting back into noman's land.. perhaps temporarily and maybe even for a few weeks.

Stops triggered some profit taking from 63-61k. I hope to spend some time again below 60k before we’re off to never ever land but we shall see. Reloading

It is imaginary.

We are likely not hanging around here very long..

a few weeks to a few months at most.


hahahahahahaha

The Bitcoin price just dropped $4,000 and we’re still up $4,000 on the day. That’s crazy. If I weren’t an experienced Bitcoiner I might confuse this massive rally with a blow off top and sell here. Thankfully, I’ve got my eyes set on $100,000 and no $4,000 gain in 24 hours is going to shake me out. Smiley

That is pretty whimpy.

$100k

That's old news.


That is the target from last cycle.



Think MOAR BIGGER.

The Bitcoin price just dropped $4,000 and we’re still up $4,000 on the day. That’s crazy. If I weren’t an experienced Bitcoiner I might confuse this massive rally with a blow off top and sell here. Thankfully, I’ve got my eyes set on $100,000 and no $4,000 gain in 24 hours is going to shake me out. Smiley
I also don't see any point in selling some bitcoin now...

say no to "crypto premature ejaculation"  Cheesy Cheesy

Say no to anything that has crypto related with it... .. wouldn't want any of that shit.
967  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 29, 2024, 05:16:03 AM
Bitcoin never reached ATH before halving, perhaps this time it will be different because it already reached new economic market paradigm saying also goodbey to the classic 4 year cycle.

Just because we have new  and richer buyers does not mean that the 4-year cycle is disappearing.


It is likely that you are getting ahead of yourself if you are presuming that.

also goodbey to the classic 4 year cycle.
It is good or bad?

It is a pie in the sky theory that is just that... wishful thinking about something that does not currently exist.

5k candle on the daily so far today. What was the largest ever?

I hate to get stuck in strict candle boundaries, yet earlier I had calculated from $51.5k to $64k  (that is $13.5k) in 50 hours... so that is pretty fucking impressive, if I do say so my lil selfie... not so much in terms of percentages (only 24%) but in terms of the movement of overly debased dollars that some of the guys in these here parts do not respect as our measuring stick, in spite of the thread's name.

First time I've been excited in awhile.  Quiet 4x in since Nov '22.  Broke out of a long term trench.  Afraid it will overheat but I'm always afraid.

I know.  I can relate.

It can be scary, even when everything is going as well as could be expected.

Finally a $5.000 dump.

Hahahahhahaha

Even though it is not quite 20% to 40%, you got your wish with something like a quickie 8%.

 Tongue Tongue Tongue
968  Economy / Speculation / Re: Buy the DIP, and HODL! on: February 29, 2024, 05:00:01 AM
[edited out]
Thanks for giving a more in debt explanation on this, honestly I mostly confuse myself with each of them and I find myself interchanging them in sentences not really having the idea on what I am saying, but I think I'm all good now.

Floats can just be seen as disposable funds that are used for expenses, and this expense could be anything that we like, I could also use it to buy bitcoin if I don't have anything to do with it, so most times when I was referring to cutting down my expense to invest in bitcoin I was actually using a portion of my floats.

Float could be loosely allocated, or not allocated or even kind of holding a bit of a cushion, and there may be times in which you keep more float because you have more uncertainties about your various costs for the month, but once your uncertainty is resolved, you might be able to dedicate your float to something like buying bitcoin or going to the movies or maybe buying a steak rather than a sandwich.

Reserves are more like that extra cash you keeps in case opportunities come in bitcoin, maybe a dip or some unexpected event, but I was also thinking still in the case of front running that if it price begins to fall suddenly and I've already used up most of my buying funds for the front running then I could fall back to my reserves to buy on those lower prices to balance my total buying average.

Yes... I tend to think of reserves as various kinds of funds that you might have that might be specifically designated for certain things, but since you had not spent it yet, you could change the designation, depending on how strict you are in terms of your own priorities.  you could even specifically separate some of the cash if you were to strictly know that it is for bitcoin, but you are not sure if it is buying on dips or if there might be some other condition that you are not sure about, but you put it in a separate fund because you are dedicating it to bitcoin, yet since you had not spent it for that purpose, you could always redesignate it if some circumstances were to come about to meet your reason to redesignate those funds... so yeah you could be strict or general with your reserves and they are available for various kinds of spending and perhaps even presume that your emergency funds are solidly in place.

I understand that emergency funds should not be touched unless in cases of emergency like health challenge and all that and it's good to have quite the size of emergency funds like up to 3 moths of allocation or 6 months of allocation to meet up with our investment size.

Loss of income too... Sure some folks have pretty solid jobs, and they might even have back up work that they could do if they were to lose their primary source of income, and there could be some reasons that you lose your income and you are not able to regain it.. and yeah that might be a health situation or something like that.

but nevertheless I am still watching the price and I think we might have a new ATH this year and there are some times that bitcoin also never returns to previous prices and if that happens I would be on a very positive profit on my portfolio.
We are already well into noman's land, so it would be difficult to presume anything other than the ATH being imminent.. and no man zone is between about $55k to $82k.. so the whole price area of no mans zone should be considered as imminent.. even if it might end up taking a bit longer than expected to play out..   In other words, we do not tend to hang out within 20% (in either direction) of previous ATH prices.  Do with that information whatever you like.. because none of us know, but we should not be surprised to pass straight to $82k, or maybe we bounce around here in no man's land for a few weeks.. .. but either of those scenarios would be relatively short periods hanging out in no man's land.... and yeah, sure some other variation could happen.. but I would not get my expectations up too much for some other scenario... absent some kind of strong evidence in that direction.. .. .
This are some new terms to me, hope you wouldn't mind giving a more in depth explanation to this new set of senerio and knowledge.

None of us really know.. but generally if you look, back at bitcoin, it tends to move straight through the previous ATH price area that is right around 20% on each side of the old ATH... so yeah, we cannot count on it.. .. but it seems pretty dumb to be trading and/.or selling in these price areas and/or expecting the price to drop.

But surely we came into this no man's zone with a bit of passion.. so when the price moves fast, then it might be difficult for the buy support to keep up and to keep the price going up... but who knows.. we have so much ongoing shortage of BTC these days. .and a lot of demand for BTC on a daily and ongoing basis... so even if there are price drops, it seems that the price drops might not be able to last for very long.. but who knows?  we cannot say any of these kinds of things with high levels of certainty.. because even if something has high certainty.. like 65% or 70%, it still would end up having 30% to 35% uncertainty... so low certainty outcomes happen all of the time, but then when we get to $82k, some of us might say, "I told you so".. even if we cannot really be sure about how long it is going to take and/or how many corrections there are going to be along the way... it is kind of like a feeling.. that may or may not end up playing out correctly in real life.
969  Bitcoin / Bitcoin Discussion / Re: Are you ready for the Bitcoin bull market? What's your plan? Some ideas for you on: February 29, 2024, 04:36:03 AM
Personally, I think that selling BTC in more incrementalist ways is better
This pattern of selling is good cause it doesn't have much effect on the size or amounts of bitcoin you already have and it's built to only take profits when there is a doubling or tripling of bitcoin price that way I'll only be selling off 10% of my profits and I'll still have enough value of bitcoin untouched and still on hold.

Selling up to 10% or even 25% for every doubling is not as bad as the example that I had given in the chart, which is selling 15% for every 20% rise.. because in the chart, the amount of sales pretty much sells the vast majority of profits, so there is less benefits from bitcoin's compounding effects.. but that's o.k. people can choose there balances in terms of how much of their profits that they want to shave off versus how much they want to keep rolling into their investment.. so I frequently assert that if you are a long term investor in the best asset in the world, then if you figure out the profits, then the most that you should shave off is 50%, and so that way the other 50% can roll over.. and again, people are going to decide for themselves in terms of how much they are mostly holding bitcoin or how anxious they are to get their dollar profits earlier rather than being more modest in their withdrawal efforts.

Another thing is that if the guy is expecting to buy back, then he might be more anxious to sell more in order to be able to buy back more, yet part of the problem with that is that he might not be able to buy back... just think of all of the guys selling in the last year or so, there have not been very many corrections in the last year, and so you would have had been much better off to not be selling and mostly just continuing to buy, especially if you have already assessed that you don't have enough coins.

But I think like you said it's not really necessary for newbie investors like me to be thinking in terms of withdrawal cause we should be in our accumulation stage where we are trying to build up our bitcoin stash and thinking in such terms may begin to look like a gamble cause we are not well prepared for price drops and our stash is not big enough to withstand big price drops, so it would be better that early investors here forget about withdrawal and focus more on trying to build their bitcoin stash for up to 4 years.

Well, building up may well take even longer than 4 years.. but at least 4 years is a good start so that you are not causing yourself too much impatience.. so if you are investing 10% per year, it is going to take you 10 years to reach 1 year's salary invested... so if you are able to be more aggressive than that, then you can cut your timeline down, but you cannot necessarily rush how aggressive that you are able to be.. and maybe you can get up to 25% to 30% of your salary, but are you going to feel stressed about that?  You gotta figure out a balance that might be aggressively investing but not causing you too much stress that might trigger you to not be able to keep everything balanced, including hobbies and perhaps even self-development, if you are a younger person still building your career skills.

I be in it touching least possible. Grids set.

"One day I will send a Mister Killmeister out there with nothing but a wrench".

Yes.. $5 wrench attacks are part of anyone's concerns if there might be too much disclosure and also if we might not be presenting matters in terms of hypotheticals.  We can use round numbers to present matters, but sometimes we might need to make the numbers larger or smaller in order to attempt to address various kinds of hypothetical persons.

Do you have any suggestions in regards to how to talk about these kinds of matters.. in order to present possible ways of showing examples?

Or are you suggesting that we should not say anything?
970  Economy / Speculation / Re: Top 20 days for Bitcoin on: February 29, 2024, 04:10:54 AM
With today hitting over $64k I'm guessing today is in the top 20.

Well, we have to remember that it is the weighted averages:

2024-02-27 00:00:00   54534   57615   54500   57068   4197.17   238044743   56715.53
2024-02-28 00:00:00   57065   64000   56724   62512   5991.01   361873461.3   60402.75
2024-02-29 00:00:00   62512   62512   61053   61430   322.47   19869881.43   61618.54

So for yesterday's (the 28th) final results we ended up landing for the totals for the day right around 36th place in terms of all time high..

Today's today's trade volume is still ONLY based on right around 4 hours-ish of trading volume so only 322-ish BTC traded, so far.  

The raw data comes from the "load raw data" from the bitcoincharts website.  https://bitcoincharts.com/charts/bitstampUSD#rg60ztgSzm1g10zm2g25zv

971  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 29, 2024, 03:44:24 AM
~snip
[edited out]
As I recall, he didn't lose anything.
I thought he just broke even and decided to get out with his $40k while (he figured) the gettin' was good?
You deserve a bat slappening for that.

#just saying

Wait... why?  It went down exactly as I said; it's been corroborated by bitserve and Gachapin.   Wait is it something subtle like "dignity", "face", "focus"... that he lost?

You are putting me in a pickle, here.

It is like forcing someone to have to explain a joke that everyone gets.

But yeah.. the situation should seem a bit obvious that a guy comes here and he starts to really buy BTC through 2018, 2019 and early 2020, and stating that he wants to create a system in which he does not make the same mistakes that he made the last time... so he says that he was going to focus on bitcoin and buying and not panicking and doing dumb stuff.. and then he ends up panicking and doing dumb stuff.

yeah, technically, he did not sell at a loss, and he might have even made a few percentage points.

It is failure to NOT stick with the plan.

Yeah, he overinvested.. so that contributed to the panic...

It is not laudable to break even or maybe make a few percentage profits under those kinds of conditions.. .. he admitted that he panicked, and he could not bring himself to take any kind of modest position to buy back in, and he could have even bought back in a day or two later without losing anything.... he was still here and active at that time and locking in his decision, perhaps his buy back could have even been with slight profits or at least covering his fees, but he was waiting for lower $2ks, and he was not even sure if he would buy back then.. and yeah, he did end up buying back 1 coin .

There were several of us suggesting that it would even be better to buy back at a slight loss and to suck up his mistake... but yeah, he had really damaged himself psychologically  once he pulled the sell trigger.. .. .. anyhow.. I have said enough for now..

finally a new poll
yeah 65 vs 48

every one (18 to 3 ) picks 65.

not so sure we don’t tank hard.

but i will pick 65k

Oh gawd, Philip.

You really believe that reverse sentiment bullshit and that we are shoe shiners in these here parts?

are we rich again?

Some people want to know how inflation factors into this.

 Roll Eyes Roll Eyes Roll Eyes

are we rich again?
Always have been, it is just that the market is catching up with us.

Just think of all of those cornz that we accumulated over the past 2 years-ish?


Just imagine it.


 Wink Wink
972  Bitcoin / Bitcoin Discussion / Re: How many times we will make the same mistake? - History repeats Again & Again! on: February 29, 2024, 02:43:41 AM
You know the interesting part of all of this? You’d make profit from all of them. Regarding Bitcoin, we know better now but looking back at 10 years ago, you never really knew what today would be if it’d be an abandoned idea or as huge as we’ve seen it. I’d say that if you have enough money (really wealthy), diversify your investments. Invest in all 3 of them after all, you’ll make profit from all.
If you account for the debasement of the dollar, you likely are not making money in all, especially in real terms rather than nominal terms.

Bitcoin has ongoing good chances to keep up with the debasement of the dollar and also to outperform the dollar's level of persistent, consistent and inevitably ongoing debasement.  Good luck if you are investing in that other stuff.
I know that Bitcoin definitely does better (even asides the dollar debasement) but I think that at least, the other investments at least gives some fair gain. If you say it doesn’t because of dollar debasement, that means you’re saying that so far, people who have invested in Gold for the past 10 years has technically earned nothing? Or did I get it wrong?

When ever an asset only has nominal gains and it does not have real gains, then they have not earned (or gained) anything in terms of the cost of living of things that they could purchased, but they did better than keeping their value in dollars.
I totally understand and get your point. However, I am asking if you can/will explicitly say that people who invested in Gold has made no gain?

You are going to have to figure that out yourself.

From my understanding gold had a pretty decent rise between about 2000 and 2011, and it has been pretty stagnant since then, so even if you have nominal gains in gold since 2011, you have not experienced real gains since the dollar has largely debased by a similar amount.

In regards to bitcoin, gold has been performing pretty badly, and you can zoom in and out of this timeline

https://www.longtermtrends.net/bitcoin-vs-gold/

right now it takes more than 200 oz of gold to buy 1 BTC, and sure there are ups and downs, but the trend surely looks like gold is losing out to bitcoin, and so the question about whether you need any gold in your portfolio is surely questionable.... especially for anyone who might not even know how to deal with gold (referring to physical gold).. Of course, there is paper gold  which would give you supposed price exposure to gold.. .. and so it is your choice if you think that you need more than a few percentage in your investment portfolio.. and surely bitcoin should probably between 5% and 25% for beginners,

and then you have to figure out how to deal with gainz and whether to reallocate, which is not necessarily smart to reallocate your winners into your losers.. so there are many folks (including yours truly) who are heavily weighted into bitcoin based on largely a conservative allocation into bitcoin, but then when bitcoin gains against everything else, then it becomes a disproportionately large portion of your overall investment portfolio, so then you have to figure out how to (or if) to reallocate.  I do very little reallocation, even though I do shave some off of the top, which is a form of reallocation, but it tends to not be a lot..

I mean… I don’t expect you to because the reason we look at gold the way we do now is that Bitcoin has created history and has made gold look even slower than it is.

Bitcoin is eating gold's lunch and it is going to continue to eat gold's lunch.

Bitcoin is probably around 1,000x better than gold, even though it is right around 1/12th the size of gold.

Sure, it could take 50 to 200 years before bitcoin reaches its fair market value as compared to gold, yet you still have to make a decision on a personal level regarding your allocations and how much you want to keep in gold and if you want to complain about the trends that are likely going to continue. and it might even get worse in terms of more and more folks (individuals, institutions and governments) dropping gold and adding bitcoin.

Anyways, Bitcoin will take a longer time to reach that price you talk of. It was easier for Bitcoin when it was worth a lot less than now it is worth as much as $57k. Half a million may be seen as just 10x of the current price, but that’s a lot
Edit: I thought you meant half a million but you get the point.
It is possible, with varying degrees that bitcoin could have a top anywhere between $57k and $2 million plus - of course with varying levels of probabilities for each of the price points, and surely the top of this cycle could help inform what might be the range of possibilities for the next cycle, and part of the benefits of any asymmetric bet is that if you do not leverage, then you are only going to lose, at most, 100% of what you had invested.  So it is your choice if you allocate 5% to 25% of your investment portfolio into it (which seems prudent) or some other amount, or not at all.. and then live with the consequences.. and yeah if you  don't invest now, then you can choose to invest later, if bitcoin is still around by that later time that you might reconsider the matter.
I also believe that it possible, I just don’t see it as easy as it had been when Bitcoin was way cheaper and easy to afford. Let’s see how it unfolds, for the least, I expect Bitcoin to go way higher but no one knows how high that could be.

Of course, no one knows how high bitcoin might go, but you still can think about your own allocation and realize that the most that you can lose is 100% of what you allocated to bitcoin.. so if you are thinking that we are top heavy right now, then maybe instead of investing $100 per week, you invest $10 per week and wait for a correction, and if a correction does not happen, then you may well be regretting that you were overly whimpy.  There are consequences to action and there are also consequences to inaction.

Anther thing is that there might have been guys who were buying a lot of bitcoin between $50k and $70k in 2021, and maybe they ended up front loading their investment (and lump summing), and I would call them dummies if they had a lot of conviction in 2021, but they failed/refused to continue buying throughout 2022 and maybe into 2023, and depending on how much they had front loaded, at some point they would have had gotten back into profits, especially in the last several months, maybe even going back to October 2023 - and it has been pretty much straight up since October 2023, absent a few smaller 10% ish corrections and ONLY 1 correction from $49k to $38.5k.. so I would expect even a few bumps in the road like that should not have had shaken confidence if someone is actually committed and maybe not investing more than they can lose - even if they might have started out by buying fairly BIGgly during some of the relative tops of 2021.

I personally don't valuate BTC based on tops, but instead by bottoms, and surely if you look at BTC bottoms, we have had ongoing moving up of the 200-Week moving average through all of BTC's history, even if we had the lowest level of its growth between mid 2022 and late 2023 with ONLY around 20% annualized during that time, which you can see in my entry-level fuck you status chart.
973  Bitcoin / Bitcoin Discussion / Re: Are you ready for the Bitcoin bull market? What's your plan? Some ideas for you on: February 29, 2024, 01:00:12 AM
My plan is very simple hold unitl six figures then sell half

It probably depends on the size of your stash.. but still selling half of your stash at one price point like that seems pretty dumb.  Seems like you have little to no confidence in BTC or otherwise you are just a gambler type without proper tools (and without a proper assessment of the value of BTC).

Let's say that you have 2 BTC.. so that is currently $122k of value.. and you are anxious to sell some of it (half at $100k-ish)

It seems to me that we have no way of knowing if the BTC price will come back down once it gets into the 6 digits, but if you are anxious about selling decent amounts of your BTC and you want to be somewhat aggressive about that, I would suggest a more modest and incremental sales amount that would preserve the value of your BTC in case it goes up more...

So instead of selling 50% at $100k  You might consider starting to sell 15% at $90k and then selling  15% every time that the price increases by 20% (or maybe 25%).. Such a plan (that I believe is a bit too aggressive on the sales side) would look something like this:



In this kind of a plan, it would still take you until $186k to sell half of your BTC, but your BTC would be increasing in value during that time (and the hypothetical chart presumes a cost of $40k, so after the first two sales you had gotten back your principle) .. and if the BTC price were to get up to $186k, you would have had ended up raking off $140k rather than only $100k and you would still have half of your original BTC stash that would be worth right around $194k (not that great, but still better than selling half at $100k).

Personally, I think that selling BTC in more incrementalist ways is better, and you can plug in your own numbers through fillippone's Google spreadsheet that is linked in this post.


Edit:
Another personal choice that I make in my own BTC portfolio management is of a long term investor and not a trader, so it is to ONLY sell no more than 10% for every doubling of price, and part of my presumption is that the person who is selling has reached a decently large BTC holding so there is no goal to buy back the BTC.. yet I understand in this case there are intentions to buy back.. yet I suppose that the BTC price would still have to drop enough to hit the buy back targets.   . so then in a scenario of accumulating a decently sized stash would then be to figure out when to perform the first sale (raking of profits) and then what increments to rake profits after that.. so the first rake might be doubling or tripling or maybe even higher. .and then each increment could be less than a doubling, but even with increments of 50% profits, then maybe the sell amount should stick to being no more than 5%.. or if the increments were 25% then the sell amounts might be no more than 2.5%.

974  Bitcoin / Bitcoin Discussion / Re: HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands on: February 29, 2024, 12:00:11 AM
We look at the quantity of BTC and we look at how long that they have been in, but then they may also be considering various aspects of their personal situation that include the 9 factors.
They also may not be ready to move into something that involves sustainable withdrawal or maintenance, even though they may well consider that they have accumulated enough based on their own circumstances.
These 9 points are equally important and from my perspective the cash flow is the biggest factor that influence you investment strategy about Bitcoin. Of course everyone has its own way of looking about these 9 points. I would make decision only after calculating how much cash flow I have for Bitcoin.

Sure cashflow is important, but I have troubles suggesting that as a general principle cashflow is going to be more important than the others.

We could even look at the earlier hypos that I provided, or maybe we have to come up with some other example in which we might suggest three guys with similar levels of cashflow..

let's say that each of them earn around $3k per month, and they each have about $2k in expenses.  So there is $1k left over that could be used for investing into bitcoin... so all three guys are pretty much the same.  Let's say that each of them have equally-sized investment portfolios when it comes to various non-BTC stuff.. and maybe they have around $100k in their various non-BTC investments.

So this is the ONLY way that the three guys differ.

Guy one has 5 BTC

the second guy has 2.5 BTC

and the 3rd guy has zero BTC

That seems to be a pretty important fact.

What if we take another hypothetical with guys that are very similar in their networth and their cashflow except one guy is 25 years old, the second guy is 50 years old and the 3rd guy is 75 years old.  timeline for these guys seems to be pretty important for their decision-making.

What if we take another example that involves similar cashflow but different kinds of investments or sizes of investments.

I guess that my point is that all of the factors are likely important to consider in terms of how each of the factors affects how a guy is going to approach his bitcoin investment.

But if you are suggesting that cashflow is the most important because you have to have a cashflow before you can even invest, then sure that probably is true unless you happen to be the recipient of some large sum of money and then you are just trying to figure out how to allocate that money so that you can generate a passive income into the future... so then the value that you are receiving is going to serve as a cashflow, as long as you invest it in a way that causes it to be sustainable rather than eating into the principle... but whether you want to eat into the principle or have the investment as sustainable would likely depend on your timeline.. asking yourself: how long you need to make this investment/principle last?
975  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: February 28, 2024, 11:17:41 PM
Let's go people!  They don't call them push ups for no reason.  Keep up the pressure, and on that last rep take it nice and slow.
current Personal report:
Pushups Printed:    1700
Proof of Pushups:   1205
Net Pushups:        -495
Previous debt:      -500
A smaller negative!  Or would smaller, be more negative?  A fewer amount of pushups behind to be sure.

That tells me that you are over 100 per day... so surely you are making progress, and yeah, don't push beyond more than you can do or recover from because it continues to be difficult, especially if you are continuing to increase the amounts.. and yeah, if you are doing 105 push ups per day, ti is still going to take you 99 days to bring down a 495 push up debt...

I hate to brag, but right now, I have a 115 average with 24 days and 2,760 pushups.. so yeah I have a 360 pushup surplus.. .. and I am not quite sure if I am done with pushups for today, .. maybe one more set.. maybe not.. I will see how I feel.. since I already did 4 sets for today, and I have had a couple of days with 5 sets.. but the 5th set is currently the max and surely optional since I already have 140 push-ups for today.. and my previous max per day is 155 pushups.. so I am increasing the quantity. and maybe a little bit the quality too.. but I am a quantity kind of guy... at least at this point in my push-up practices.....

still getting used to it..

I cannot recall having a daily body resistance training so consistently like this.. even though I have had other kinds of daily exercising routines. but I am thinking that my previous daily exercises were more cardio-oriented...like running, walking or maybe some other cardio-like substitutes.. so this particular kind of body resistance training is a bit different.. and maybe I am trying to get the pushups to start to feel so easy that they start to feel like cardio?  perhaps? perhaps?.. ..

 they still hurt, though.. so there is that... but there are certain parts of my body that are hurting less.. and the lingering all day pain seems to be getting to be a bit less, too.. although there are some levels of soreness.. . One thing that has gone away was that I was getting a lot of pain in my core while I was doing the pushups, like the feeling of a budding hernia.. but then in recent days, that particular pain has not been present.

[edited out]
Yes, it is not too late to join the 100 push-ups a day until bitcoin is $100k. Even though you do it for a month and bitcoin reaches $100k, you will gain some change in your body that you will be happy with. You may want to keep on with the push-ups even though the bitcoin price is more than $100k because you know how healthy it is to exercise.

Yeah,.. it is like the BTC price is moving too fast, but I am expecting at least a certain amount of resistance between here (currently $62,415 $62,599 as I type) and $100k, and I question how much time we are going to spend in no-man's land.. which I consider to be $55k to $82k.. so getting through no man's land could theoretically be easy.. but still it seems quite fantastical to consider $100k prior to the halvening, for example, even though it is seeming much more likely to reach $100k now than it seemed to have had been in October when Adam Back had made that bet about $100k before the halvening.

This challenge is actually for people who have bought and hodl Bitcoin for a long time so I don't see any reason why someone that didn't accumulate Bitcoin will take part in the challenge because someone who have a good amount of Bitcoin would take this challenge seriously unlike someone who doesn't accumulate at all.

The recent growth that Bitcoin is gaining so far is convincible that we're going towards a notable milestone in our Bitcoin journey, I have hodl some Bitcoin but I'm so unlucky to have a spinal injury which wouldn't allow me to take this challenge with you all but whatever be the case i wish you all that are taking path of the challenge good luck and good health to live and witness a new dimension in your Bitcoin investment as we are anticipating the bull run after the halving.

If you have a spinal injury, then don't you still have to do exercises?  Maybe you could substitute body squats or some other exercise that might be suitable to your condition.. .unless you are paralyzed... and of course, it would not be good to do some exercise to make you vulnerable to injury or re-injury.

Regarding your point about push-ups ONLY being for the already big accumulators.. you make a bit of a point that people who have not accumulated a lot of BTC might not be as excited about the BTC price going up... so there is a bit of a presumption that anyone cheering for $100k would have or should have already accumulated a decent bag of BTC prior to cheering for UPpity.
976  Economy / Speculation / Re: Buy the DIP, and HODL! on: February 28, 2024, 10:15:14 PM
[edited out]
Simply put, bitcoin accumulation is for everyone but not everyone has a good balance regarding financial matters, there are some of them who have an income that is only enough to meet their needs and there are also those who have some money from the rest of their needs,

and the second point I mentioned that has the opportunity to start engaging in bitcoin accumulation, none other than because after all, life needs are the most important and must be prioritized aside from the desire to engage in bitcoin accumulation.

As you said that it is recommended to use the remaining money from all the needs that have been met first, and this situation is a safer situation for someone to engage in bitcoin accumulation. On the other hand by looking at the current bitcoin price situation, I think we all agree that bitcoin will be able to break the previous ATH.

You are correct.  You can ONLY invest in bitcoin or anything else if you have disposable/discretionary income.  So if you don't have any extra income, then you either have to increase your income or decrease your expenses, otherwise you won't be able to invest in bitcoin or anything else. 

There might be some other ways that you could still invest, besides money, but of course, the way that bitcoin is designed has quite a few benefits in buying the tokens (i.e. satoshis).

If you don't have your life needs covered, then you may well end up devolving into gambling if you are trying to invest in bitcoin but you don't have things/needs in your life sufficiently covered.

I think everyone already knows that the rules of engagement in investments to be profitable are to buy at low prices and wait to sell at high prices, but the problem is that not everyone is able to be patient to really wait for the highest price that can really provide significant benefits, in some cases many of them are too fast in terms of taking profits, one of the causes may be the "worry" within themselves which ultimately makes them make the decision to cash out early. But actually concern is a natural feeling for all investors because investment not only provides profit opportunities but also has the possibility of risks that cannot always be avoided completely, everyone has a sense of concern but not everyone has a broad understanding and insight into the potential of bitcoin itself so maybe that's what makes them make decisions too early in terms of taking advantage.

There could also be ways to invest a little bit less, so that they are not so worried about their investment.  I know that sometimes the amounts can be so small that it might not seem to make a difference, but if someone might be investing $10 per week or $10 per month and consistently doing it, then it can add up, but if $10 per week is turning into too much, then they might have to cut back to $10 per month and study what they are investing into, but at least if the got started, then they should be more inspired to learn about it.. including investing no more than they are willing to lose, so they have to be completely clear that they are not going to need the money for 4-10 years or longer, and so that means that they have to have other ways to deal with emergencies.. whether an emergency fund or some other kinds of ways so that they do not have to tap into their investment except at a time that is completely of their own choosing.. maybe thinking even further down the road.. like 10 years or longer before they can even touch it... $10 per month is $120 per year and $1,200 over 10 years, while $10 per week would be $520 per year and $5,200 in 10 years.. and yeah. if they are in bitcoin for a while 2-4 years, they might start to feel more comfortable as they learn more and more about it and get used to how to secure their private keys and things like that.

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I agree with you on this, the only way to actually prepare for ups would be to have more bitcoin in your stash, and In trying to prepare for ups with front running I've understood from your comment that I should also have a back up plan in case things go against me cause I can never truly be sure about the movement of the market there is also every possibility that the price could just start going down, and if that happens the only way I can stabilize my average DCA buying is to buy more at those lower prices to balance it up and that is the only preparation I've learnt to keep my floats and reserves for situation like this,

I like to think of the Emergency fund that you never would tap into unless it is an actual emergency, and then you try to replace them as soon as possible... so yeah usually a minimum of 3 months, but probably up to 6 months or more, especially once your BTC investment gets to be sized at 6 months or more of your income.. Think about if your BTC investment is around 8x your income, then you might start to feel liberated, but you still might want to even keep more than 6 months of an emergency fund so that you do not have to tap into your bitcoin at a time that is anything other than your own complete choosing.

I like to think about reserve funds as some things that you might be more than willing to tap into, but you might have it set aside for specific reasons such as: 1) a dip in BTC prices, 2) some extra kind of consumption that you want to do 3) some surprise investment that comes up

I like to think about float as something that is a bit out of your control.. it is just there.  Let's say that you have various accounts and you are keeping track of them, and you have an income that is anywhere between $1,500 and $700 per month, and your expenses are usually around $900 per month... so whenever you get paid (let's say that it is just once a month), you already know that you will have to already be ready to pay $900 worth of various bills and they have various dates that they are due, so maybe your account itself, you have already projected that the account never goes below a certain amount (perhaps $600), and then when you get paid $1,500, and if your account is at the minimum amount, then you would have $2,100 in the account but you know that you are going to have $900 worth of expenses and $600 left over to do whatever you like... so the $600 that you keep in your account no matter what could be a kind of float, and the $900 worth of expenses could be a kind of float too, even though it is already allocated to various expenses, that come due at different points of the month.  Maybe you go shopping every Thursday.. and then you have a certain amount that you spend through the month for transportation and food and other incidentals, and then you have utility bills and rent/mortgage that are due a certain day fo the month, and the bills might be due at various points, but you know that every month that by x date.. right before you are getting paid, then you will have at least $600 in that account.. and sure if in any month you end up having more than $600, then that extra amount could be considered float, too.   

So, yeah you could be right that your float and your reserves might not be designated towards anything, but at a certain point you might have them designated to buy on dips.. because maybe you are not really sure about the exact amounts of each of your expenses, so you might have to keep some extra float (or dedicated money) for those uncertainties, too.. and if your finances become more complicated, you might have to raise the amount that you always keep in your account from $600 to $1k in order to attempt to account for the uncertainties... and so then maybe we could be quibbling about what to call each of these, since sometimes the names might overlap, until we give the funds a specific designation and we realize that the amount in our account is able to absorb designating the funds towards BTC purchases or whatever rather than just keeping it in our account and not being designated.

but nevertheless I am still watching the price and I think we might have a new ATH this year and there are some times that bitcoin also never returns to previous prices and if that happens I would be on a very positive profit on my portfolio.

We are already well into noman's land, so it would be difficult to presume anything other than the ATH being imminent.. and no man zone is between about $55k to $82k.. so the whole price area of no mans zone should be considered as imminent.. even if it might end up taking a bit longer than expected to play out..   In other words, we do not tend to hang out within 20% (in either direction) of previous ATH prices.  Do with that information whatever you like.. because none of us know, but we should not be surprised to pass straight to $82k, or maybe we bounce around here in no man's land for a few weeks.. .. but either of those scenarios would be relatively short periods hanging out in no man's land.... and yeah, sure some other variation could happen.. but I would not get my expectations up too much for some other scenario... absent some kind of strong evidence in that direction.. .. .

yeah we went straight from $51.5k to $64k in a matter of 2 days and 2 hours (50 hours).. that is a $13.5k (24%) increase in price in a pretty short period of time.. so yeah. that is seeming like it is too much too fast.. but who knows.. we are still right in the middle of no man's land.. so I would not be surprised to keep going.. even though some time might need to be spent around these here parts in order to let the buying support catch up.. .but at the same time, there is only about another 8% to go in order to get from $64k to $69k.. so that is almost too close to be diddly daddling around in these here parts for very long.. on the other hand dropping down to lower $50ks or going up to upper $70ks seem almost equally plausible... 50 50.. for each of those..

Some people do not start to think about selling their coins until they are 6-8 years or longer investing into bitcoin, and even then they might be a bit cautious about how many they start to sell.

Maybe you have been in bitcoin for nearly 2 cycles, but have you accumulated BTC during that time?  Have you beat the returns that you would have had gotten from merely accumulating and holding rather than trying to fuck around with selling and buying back lower?
That's quite a good point sir that if someone targets their investment in the long term and if they exit early then they have failed in their planning. I think time passes so fast because in 2022 when the market changes suddenly it becomes a big dump but gradually it passes so quickly. So I think the 10 year target is quite reasonable where we just need to be consistent in what we have done, namely buying and buying.

Yes, maybe those are 2 different cycles from what we are experiencing at the moment, where in 2022 there be a significant downward cycle and this year big changes occur where the up cycle will be our spectacle.

Down is going to come at some point, yet it is a matter of how sustainable the down is and also how much of a blow off top ends up playing out.

Frequently there are several seeming blow off tops in a cycle, but we dont' really know when is the last blow off top of the cycle takes place and if the correction ands up being a long period of time and maybe even exacerbated by extremes. 

Based on our current conditions it is difficult to expect that we are going to be having any blow off top any time soon.. but then even the last one could have had been considered to be quite a whimpy blow off top, and some folks like to proclaim that blow off tops are going to become more and more tempered.. but that does not seem to be what is going on now.... and I see no reason to not have one or two pretty big blow off tops between here and the end of 2025. and yeah is there going to be another blow off top in 2026, we cannot know in advance.. just as we cannot know for sure that there is gong to be a couple of blow off tops between now and the end of 2025... maybe we get 2 blow off tops in 2024 and another 1 or 2 in 2025?  I am not going to say.. or maybe 2025 ends up being a bear year.. I am not going to say, even though that seems outside of the current set up.. while at the same time, historically, bitcoin has been full of surprises even though when we look back, we can give some explanations for the patterns that we can identify.

So profits are visible in our portfolio, but that doesn't make us sell our BTC holdings because our target is not short term but long term. Well, if we sell and buy again, I think that's not our option because that is a trading method, but we choose a method for long-term investment

You have to decide for yourself it you want to try to take that kind of a strategy.  I personally think that it is problematic as a strategy, but I came into bitcoin at the top, so I was buying mostly on the way down and also mostly during the down period.  There could be different considerations that guys do when they are coming into an upcycle. and if they don't have enough funds to front load, then they are faced with DCA.. and if you have stacked a certain amount of BTC, you have to consider if it is enough and if it would be worth it for you to sell any of it rather than just continuing to buy until you are more clearly feeling that you have enough BTC and maybe that you have more than enough BTC.

For example, in your case, you have been here since mid 2016, so you should have had time to accumulate, and I cannot remember your story.. so if you did not start trying to accumulate until later, then maybe you still have less than a year or two of BTC in your holdings, so if you keep buying BTC and you if you have 2 years of income worth of BTC in your holdings. .and then if the BTC price were to go up 6x from here, then that 2 years turns into 12 years.. no it is not quite fuck you status and it is also measuring by spot price rather than the 200 WMA.. so I am not sure, if you might want to sell some.. because you have way more options if you have those kinds of numbers versus someone who might have accumulated less than a year's income, so then if you accumulated less than a years income and then the price shoots up to cause you to have 6 years income, then it seems less compelling to sell any or to get into any system that you are starting to rake profits.  We are getting beyond the topic of this thread no?  Even though you might have some dilemmas about continuing to buy or maybe if you might either hold more cash in reserves or maybe put your cash into other things, even if you don't sell any BTC..   I surely don't know the answer, even though you should be able to plot out your situation in terms of what conditions might cause you to shave off some of your profits, and looking at some of the raking discussions like in my chart and post.. and plugging in your own numbers.
977  Economy / Speculation / Re: Buy the DIP, and HODL! on: February 28, 2024, 08:02:15 PM
Today, people who have not yet invested in Bitcoin are too late to realize its price increase. They may still invest in Bitcoin but must remain patient because Bitcoin still has a long way to go.

That is not true.

Sure there has been a more than 4x price appreciation in the last 15/16 months (from $15,479 in November to our $64k so far peak of today), but newbies and no coiners are not too late. 

World-wide BTC adoption is still quite low, and even ETF participants have barely even entered into the market, even though the ones who have entered so far are likely contributing towards both front-loading and hoarding.. and that kind of behavior is likely to contribute to additional volatility.. potentially in both directions, even though right now there seems to be a lot of ongoing upwards pressures on the BTC price, partially attributed to increased demand from new entrants using BTC spot ETFs as a way to get BTC price exposure.

Throughout bitcoin's history people have felt too late, which should justify them into getting the fuck started as soon as possible and start accumulating BTC.  Yeah, you can attempt to play the waves, and each of the newbie no coiners, low coiners and/or bitcoin wannabes have to figure out their accumulation method, whether it is lump sum front loading, DCA, buying on dips  or some combination of those methods...

and even if some of us might feel all smug because we got in 1-2 years earlier than someone else of our economic equal, we have no way of assuring that we will stay ahead of them, because even if they are late and they are our economic equal, they still can figure out strategies to accumulate more smartly and more aggressively.  Now once we have been in BTC for a whole cycle or more, then it will likely become more and more difficult for our prior economic equals from even coming close to catching up with us.

Since you have been registered on the forum for 7.5 years michellee (which is right at about 2 full cycles), if you had been sticking with bitcoin this whole time, then you would be in a quite good place right now, even if your own economic circumstances might have had not been great, and yeah we can trace back a DCA tool and see that even $10 per week would have caused nearly $4k invested and nearly 0.9BTC accumulation... so surely not a bad place to be right now.. .and of course, $100 per week would have cost 10x as much and gotten 10x the results, too.

JJG, a shower thought. Perhaps you were also right in your argument that learning the technical matters about Bitcoin shouldn't be made "all-important". Because we know that there are very intelligent people from legacy finance that may not understand how actually the Bitcoin network works, BUT know or have the intuition to truly understand the development and an evolution of a new asset class.
🙏
I discover something new again from our debates.

The interaction helps.

Sometimes we come up with just slight tweaks in our perspective that can cause a decent amount of difference - maybe in how we might speak with people in the real world... and sometimes those kinds of differences can cause us to speak differently, and surely in regards to bitcoin, there are a lot more people paying attention - and we have rich people (managing other people's money) who are marketing bitcoin for us, but that does not even mean that they understand bitcoin, so we still may well be needing to interact with people in terms of helping them to understand the value of self-custody - even if they might also have exposure to BTC through various ETF products...  a newbies just learning how to use BlueWallet or a Trezor can take a decent amount of time to make sure that they do not screw it up.. so they may well get price exposure prior to engaging in self-custody... step by step by step, and bitcoin would not be powerful if there were no abilities to hold and transact in self-custodial kinds of ways.. yet it still can take a while for a lot of normies to get there. it took me a while.. and I still feel pretty technologically incompetent, even though I have a few techniques that I like and sometimes share... which is almost getting into another topic.

We want to invest in bitcoin we should only focus on the bullish market so therefore I believe that those people who invest during the time the price of bitcoin is low that the people that make profit when the price go up so I will advise every beginner to invest during the time the price of bitcoin is low so that they will not experience any loss, to accumulate bitcoin, you have to wait experience having before you purchase bitcoin, so that you will not be victim when the price go down
this is just the basic and fundamental knowledge   every new investor needs to know before investing.

Those anticipating the market to become more bullish are those that have bought some Bitcoin already and a bullish market becomes an advantage to them but for new investors that are just about entering into the system, the aim is to buy at the DIP and so a bearish market become Thier best entry point but it's not as though you're going to be overly concerned about how bullish or bearish the market is as a factor that will determine the time to start buying. As long as you have a saving that you can comfortably invest into an asset, that's the best time to invest. Leaving your money in fiat has always been a disadvantage and a sort of liability to the holder so it's always best to push your reserve funds into buying an asset that will profit you in the long run.

I guess this is the self advice I gave myself after looking at how valueless our fiat has become and that even after saving a reasonable amount of fiat in the bank, it will ends up yielding very little interest which is too small to buy commodities at the current price because price of commodity normally goes up while the value of our fiat has always dropped and it will end up placing me at a serious loss. Investing my reserve funds in Bitcoin on the other hand for same period of time will yield a great increase in the long run while I can convert it to my fiat when ever I need to and because fiat in most cases always dropped it value,  it gives me a win win situation.

I guess any new person like me that's finding it had to start buying the DIP can do his own analysis and find encouragement and the need to start accumulating bitcoin now.

You sound nervous, Marvelockg.  You have to find an amount that you are comfortable with, and it coudl even take several years for you to really start to feel that you are in profits. 4-10 years or longer... but if you invest too much, then you are going to always be nervous about it.. so you have to find an amount that is not going to bother you, and surely later down the road, you might regret not investing more, but you still have to get to a stage in which you are able to continue to invest and to hold for a long time, even if there might be times in which your holdings are not in profits... but keep buying, whether that is $100 per week, $10 per week or some other amount that works for you to stay in the game.. and otherwise go about your life without overly worrying about your bitcoin.   I know another thing about bitcoin is that if you start to invest then you likely will pay more attention and learn more, but if you don't invest too much, you can study bitcoin at your leisure.. and if somewhere later down the road, you learn more about bitcoin in order to feel more confident (or less confident) then you can adjust your investment style and amounts accordingly.

well, in this context  of buying the DIP,  Thier is nothing much about time wasted. Whatever time you decide to buy is actually a good time as long you're willing to wait long enough. Like boss JJG said earlier,  the better time to buy is yesterday but we know that's already gone so the best time to buy is definitely today. Even if in the next months it goes above the  current $57k and gets as high as $70k, it might look a bit bullish for someone that's looking at buying for a short term but it's still reasonable to buy at that amount.
Simply put, whatever point you buy at is fine, as long as you are able to hold your asset until you can make a profit from it.

No need to be very preoccupied with profits, and be willing to lose all of it.. so don't invest any more than you can afford to lose...

And, yeah, maybe 4-10 years or more you look at your investment and you reconsider it.. Is it in profits or not, and do you need to make any tweaks to how you had been investing.  Did you just invest once or have you been continuously investing over the prior 4-10 years or more.

Because people often delay buying Bitcoin, seeing that the price is quite high, but the longer they wait, the more time they will waste. So it's better to decide quickly whether to buy or not. Or if in doubt, investors can buy in smaller portions using the DCA method, and it is safer than the lump sump.

That sounds right.   Start small and study as you go.. and maybe you start kind of whimpy, but 2-3 years later, you reassess and determine that you want to take a more aggressive approach... but at least you had gotten started and you end up having some stake in the game.. rather than being a no coiner.

People who have accumulated a lot of Bitcoin over the last year are just waiting for the right time to sell their Bitcoin. They can still invest more to increase the number of Bitcoins. And after that, it's time to wait for the next ATH. That means a higher Bitcoin price increase than the previous ATH.

Some people do not start to think about selling their coins until they are 6-8 years or longer investing into bitcoin, and even then they might be a bit cautious about how many they start to sell.

Maybe you have been in bitcoin for nearly 2 cycles, but have you accumulated BTC during that time?  Have you beat the returns that you would have had gotten from merely accumulating and holding rather than trying to fuck around with selling and buying back lower?

Hy @Jayjuangee, how are you? I haven't been on this thread long enough to talk about bitcoin buying strategies here, because it's very familiar.

Maybe you and I are the ones laughing today, seeing bitcoin approaching the last ATH. In the past we talked about bitcoin still being priced at 18 thousand dollars and twenty thousand dollars, and today it has almost reached $ 60k, it's an amazing journey, those out there might talk we can get hundreds of percent of bitcoin with the investment strategy we do in bitcoin, but they don't know that we are quite shivering how bitcoin fluctuationsl run in 2022-2023.

I am doing fine.  Surely we went through some troubling times in 2022, and even 2023 was scary, even though it ended up as a pretty positive year, overall... especially for those who were mostly holding and/or accumulating coins.

How do you still keep buying at the current price now? considering also bitcoin today is in a different cycle, I hope you are still enough and to do DCA. Grin

Well, we cannot always talk about ONLY our own situation, and for me personally, I had done most of my BTC accumulation between late 2013, 2014, 2015 and 2016.  Surely sometimes I still accumulated after that, but I largely switched to some other strategies, since I largely considered that I had accumulated enough by late 2014, but then by late 2015, I had considered that I had over-accumulated, which assessment was not really help by how much the BTC price started to rise through 2016 and 2017.

Part of my advantage, and perhaps disadvantage, is that I had already had more than 20 years investing in other assets when I started in bitcoin, so in a lot of senses, even though I employed a lot of DCA, I also employed a lot of attempts to front run my investment into BTC.  I made mistakes too, and I still like to consider my average cost per BTC as around $1k per coin, so it becomes a bit easier to see if I might have had spent a decent amount of time between 2018 and 2020 with fluctuations of being between 3x and 10x up on the investment, and so we know that 2021 would have had a lot of 20x to 70x in profits, and so even though BTC price dropped back down to 16x profits for me, we are recently back into 40x to 64x profits, so no need to complain.. and whether there is a difference between 40x and 64x profits might not make a whole lot of sense, yet instead ways to consider how to manage the overall holdings and to not put too much of it at risk.

Many times guys coming newly into bitcoin are going to take a while to build their overall investment portfolio, so I think that many times, we are going to be talking about more typical situations for guys to accumulate BTC, and some of the guys are brand new to BTC, so they have to make decisions right now about what they are going to do.. and so most of the time (if not all of the time) the suggestion is going to get the fuck started. so they have to get started somehow, and then figure out their details as they go.. and if they don't have any other investments, it could take 10-20 years to really build their investment portfolio, and nothing wrong with starting with BTC and cash first.. and if they want to expand into other assets, later down the road, then they can consider that later, but getting started remains important... and putting ideas into practice can be tough in the first 1-2 years of investing.. figuring out the amount to invest and figuring out how to not get reckt.

By the way, once you get to a sufficiently large BTC stash, you may well start to think about either raking strategies and/or sustainable withdrawal theories... but you gotta get to a decently comfortably large BTC stash first... so I think in this thread we are working towards focusing on how to get to the decently large stash rather than what to do once you get there.

How about you, bangjoe?  are you there yet?  or getting close?  Sometimes guys also have difficulties knowing when they are there or maybe how to manage being there...so those could be issues, too.

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I believe strongly on this speculation and I think staying above the  $100k price is/maybe guaranteed due to the latest adoption, as long people keep buying it's pretty much possible to stay up above the $100k, I knew for sure we were only facing market corrections. Bitcoin hitting the $61k price yet before the halving is a no big joke, certainly we can also assume reaching last ATH of $69k is possible if only the market continues this way, more people keep buying.

Whether it is getting above $100k in the coming months and then staying above it or maybe it takes a year or two before we are able to stay above it.. or the fact that we just touched upon $64k in the last 3 hours, when the price moves up really fast, like it just did, then that invites a certain level of correction, since buying support might not be able to keep up.

I am not saying that I know what is going to happen, but sometimes there is a certain amount of value in going up a bit more slowly and perhaps having some smaller level corrections.

Another thing, I consider that we are currently in noman's land, which is largely between $55k and $82k - however, it can be hard to completely pass through if we might have had gotten here too quickly - and on the other hand, it seems a bit dangerous to be trying to trade this zone in any kind of sense of selling and hoping to buy back lower. .which may or may not end up happening... but we see if the BTC price moves rapidly, then sometimes the buy and sell orders cannot get replaced fast enough, so the lack of buy and sell orders contributes to greater volatility in the price (extreme moves one way and then the other).

People neglect this fact of time wasted can not be recovered and missing the chances of buying from the DIP, may only amount to purchasing in a much higher price.
well, in this context  of buying the DIP,  Thier is nothing much about time wasted. Whatever time you decide to buy is actually a good time as long you're willing to wait long enough. Like boss JJG said earlier,  the better time to buy is yesterday but we know that's already gone so the best time to buy is definitely today. Even if in the next months it goes above the  current $57k and gets as high as $70k, it might look a bit bullish for someone that's looking at buying for a short term but it's still reasonable to buy at that amount.

Some will still join the market during an higher bullish period of say maybe the next seven years and let's assume the price has gone as high as $90k+, looking at the price from a short term perspective might seem a bit discouraging  to make an entry at that price but for someone joining the market at that time that can't reverse the hands of time back to the current $57k price of today, he is still good to go with that price as long as he is willing and able to hold for the long term and so that current price he meets it and he had the r source to start his Bitcoin accumulating journey is definitely the best time to start.
Yes, of a truth every entry price remains profitable as of DCAing or buying the DIP but everyone desires a much bigger profit and wasting more time either procrastinating will only amount to limiting one's profit.

Does it really matter very much if you might have a timeline that is 4-10 years or longer?  Sure we all like to be in profits, but it does not necessarily mean that we are taking such profits, even though we know that we can, if we want to.
978  Other / Off-topic / Re: Niacin / Glutamine deficiencies negatively affecting life-quality / longevity? on: February 28, 2024, 05:58:41 PM
Hey JayJuanGee / guys, I guess I will have to apologize a couple of times more in the future as I sometimes lack the time to respond in sufficient detail and then I decide to put the answer on ice for a moment altogether.
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Hope you are doing great and now I finally prepared a wall of text for you! Smiley Looking forward to hearing from you.

I am going to try to NOT provide a wall of text in response, and surely deficiencies could be caused from some of our lifestyle choices besides strictly dietary problems, and I have so many supplements in my routine right now that I wonder if there would be any advantage to adding more or weaning some out.. and yeah sometimes one nutrient might not be bio-available without the presence of another - so then there frequently can be questions regarding how much are we already getting from our diet that is good and/or bad... and surely you mentioned alcohol and even coffee in regards to some negative consequences that may well end up causing some depletions and/or deficiencies that would thereafter need to be made up for.. in some kind of way whether that might come from supplements, diet or maybe even some activities, such as improvements to our exercise routine - which surely can contribute to our bodies healing themselves if we can get past some of the pains of exercise.

I had recently joined in on the 100 pushups per day until $100k, and you can see my status update as of yesterday in this post.

When you mentioned a good diet, we cannot necessarily know what you mean by that, and over the years I have gone through quite a bit of variation in my thinking on the topic, while at the same time maybe even accepting some of my own relapses into processed rather than natural foods. and sure we can have some processed foods in our diet without any problem so it could be a matter of degree, even though it also can be a slippery slope into consuming food-like substances rather than real foods... of course fats and oils are vilified in that regard, so there are some fats and oils that are more natural than others, and there could be BIG differences in our healthy feelings if our body is absorbing nutrients better.

Maybe part of my point is that we cannot always figure out the source of our deficiencies in terms of if there might be some things that we could do, or whether we might have some genetic challenges.  Think about something so simple as the proliferation of bottled water and the other ways that we might be imbibing plastics without even thinking about it... and in recent times I have been traveling so much so it becomes way more difficult to make sure that water might be more pure and even have proper filtering.. and from my point of view it is good to be trying to drink a lot of water, even though we can sometimes be tempted into various substitutes that might still be sufficiently good and without extra negative additives.. something like carbonated mineral water in a bottle, but sometimes if you order it in restaurant it comes in plastic.

Personally, I am not sure if I would be advantaged by adding some kind of a B-complex, but I will consider it - since it appears that most of them don't really have any overdose levels, and likely our body would just excrete out excess, if there were excess in the body.. and yeah, I am only going by the wikipedia page that i glanced through, so I don't have any extensive looking into it beyond superficialities.

In the last few days, I had been thinking about a podcast that I had listened to recently in which there was discussion of memory improvement and longevity being tied to olfactory (smelling) therapy, which surely is interesting.. and also I have really been feeling shitty the last couple of years since when I first got covid and then I got the stupid-ass vaccine. and so who knows why my smelling and my mucous production (post nasal drip?) has been ongoing with periods of improvement, but still I have been thinking that it might be good to consider some ways to improve my smelling abilities, whether it is through self-help methods or otherwise.

By the way, I was going to send you 3 smerits rather than 2 smerits for your fairly detailed post, and the reason for the deduction was that you had mentioned a shitcoin as "the forum's motto," which I find problematic on at least a couple of levels... 1st - the comparison of anything valuable and important being attributable to a scam like ethereum is almost beyond belief.. 2nd... I find it important for all members to recognize and/or appreciate a difference between bitcoin and any shitcoins, even if we might not agree in regards to how much time, energy and/or resources to invest and/or allocate into shitcoins (I personally suggest no more than 10% the size of your bitcoin investment, absent some other compelling reason), so from my point of view, in a lot of senses there is an importance to both prioritize looking at the world of "crypto" through bitcoin first, and then second, even if any of us might happen to be somewhat of a shitcoiner by potentially going beyond a 10% allocation into shitcoins as compared with bitcoin, to at least not fail/refuse to make a proper distinction when bringing up shitcoins as compared with bitcoin in any discussion.. whether talking about finances and/or using it as an analogy in the realm of nutrion and/or health.  .. therefore deduction of 1 smerit.. Tongue  hahahahahahaha
979  Economy / Speculation / Re: Top 20 days for Bitcoin on: February 28, 2024, 03:54:18 PM
Today looks to be a good day. Make it so.

2024-02-27 00:00:00   54534   57615   54500   57068   4197.17   238044743   56715.53
2024-02-28 00:00:00   57065   61389   56724   61110   2321.33   137532270.02   59247.31


Yeah.. yesterday crossed into the top 100  (64th place), and then today is still in progress, and today's number is right around 46th place, so far.. but we still have right around 8 more hours before the day closes (as far as I remember the days close midnight UTC)
980  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 28, 2024, 01:12:36 AM
57k$ Celebrations. Can anyone guess name of this dish?

To the moon.

goat meat in tomato sauce?
Ohh common I just saw a chicken lap Grin
You meant "lip", right?  Chicken lip.  Yeah I see it too.

Chicken lips.



Gross.







Speaking of which, how is MindRust holding up? Anyone need to check in on him?

He is still active on the forum, but he avoids us - including but not limited to avoiding this thread.  He also does not talk about  his incident and/or the likely main reason for his claim to fame in the forum.

someone brought up Mindrust, and I hope that person is OK mentally given the conditions.

This entire forum could be compiled into a prophetic text. For the Old Testament and literal word of the creator, we have early devs and Satoshi. Then our New Testament is full of pages, with many parables from this WO thread. The pages of AdamsBigBlock, the parable of the R0ach, the parable of Mindrust, etc.

Really, our belief system is to not trust, but verify. And collectively, we all want that sweet church tax-break.
I have lost as much as him just because of a emergency I needed funds for before the market spiked and I was never able to get it back.

Sometimes reality really hates me. Smiley

He knows he made a mistake listening to his favorite astrologer (which I actually warned about) and doesn't need us to rub it in.

Taking enjoyment out of others misfortune is a sign of a very low moral compass.

Moral of the story is to always try to keep savings in because honey badger don't give a shit!

You might have lost as much, but I doubt that your situation was as epic as his, and if you would like to share some of your pain and torment "we" (perhaps royal?) are all ears.

Pray tell.. start from the beginning or from whichever part is pertinent to your story of likeness.

[edited out]
As I recall, he didn't lose anything.
I thought he just broke even and decided to get out with his $40k while (he figured) the gettin' was good?

You deserve a bat slappening for that.

#just saying


58K in one hour
I think our bull is a little weak at the moment,it's probably taking a nap Smiley


Price never goes straight up, even when it is actually going straight up.

protip.. this is what winning feels like

someone brought up Mindrust, and I hope that person is OK mentally given the conditions.

This entire forum could be compiled into a prophetic text. For the Old Testament and literal word of the creator, we have early devs and Satoshi. Then our New Testament is full of pages, with many parables from this WO thread. The pages of AdamsBigBlock, the parable of the R0ach, the parable of Mindrust, etc.

Really, our belief system is to not trust, but verify. And collectively, we all want that sweet church tax-break.
A cryptoevangelist (criptoevangelista Wink) is also needed. I'm trying to educate my family, the basis of change for a better world begins within the home.

Hopefully, for starters.. and the basics.. in the home and/or otherwise, you know the difference between bitcoin and shitcoins..
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