Had to merit you for the confession speech... hahahahahaha...

It's like if some of us (in these here parts) may have met all our goals in life and then run out of things in which to aspire... We would not want any kind of disappearances of aspirations, would we?

Of course, hopefully, you have NOT played all of the hookers, lambos and blow options too early and to often.

Getting back to one of the recent mindrust proclamations (i.e. "no way to spend wealth these days"), travel can be a lot of fun, and some ways to both spend wealth and to have some good times with it, and of course some of the travel options have been hampered in recent times, and maybe we are wishing that travel hamperings are merely temporary?... because it would not be right and proper if the only way that some of us could really travel is to have our own private planes... and even having private planes kind of travel (and that level of wealth) could get hampered too if some of the regular joes are not able to come out of our current economic baloney with a bit of meaning in life (not saying that hookers, lambos and blow cannot bring some meaning to some of us)... but there continue to be public infrastructure matters that seem to be necessary for any kind of real comfort in enjoying some of the luxuries of any wealth system...

Oh shit.. does that mean some of us might have to share some of our wealth or even invest?  Fuck.

You are correct, dude... Majormax's absence tends to be a bit telling.. and I would not mind laughing in his face a bit... and I cannot recall if I am overdue for such a dose of laughing or not. 

Of course, we could have a BTC price correction and even have a large and drug out BTC price correction from here, but there do seem to be ongoing upwards BTC price pressures, even at current prices.

HODLers and accumulators were not necessarily affected by the negative (and even well articulated bear proclamations), yet surely some would have been coiners could have been overly reliant on some of the prior bearish proclamations and even giving those bearish proclamations too much weight in terms of either failing/refusing to buy BTC, failing/refusing to buy a sufficient amount of BTC or waiting to buy BTC after prices go below $3k (or whatever unrealistic lower corrections were within their hopenings) (hopefully not too many of the normies went so far as shorting BTC, even though I am sure some of them attempted that, too).

As I am typing, now, I am seeing a correction, so sure this could be the BIG ONE coming.  Observing a low of $11,128 within the past minute ... with ongoing dumpening.      oh oh... edit , edit , edit .... Changed my mind; bitcoin is ded boyz!!!!

That's another way of thinking about the matter, which seems to get us back to some variation of the dog eat dog world theme.

According to the top 100 days in bitcoin (weighted traded volume), we have spent a decent amount of time in the $11ks, relatively speaking - 52 days, and that is NOT even including the days that have disappeared off of the chart below $11,284.

Edit:  I just went back to BTC's top 100 days list, and I counted that there were an additional 12 days between $11k and $11,284 that fell off of that list (since August 14), so as of yesterday, that would be that BTC has spent 64 days in the $11ks in its life (additional days within the $11ks: evidence, here).

I would also like to proclaim that I am having some difficulties figuring out if we are more inclined towards short-term up or short-term down.

Of course, my most recent BTC orders to fill had been the buy orders, but when BTC prices are bouncing around $11,500, then we are nearly smack-dab in the middle of my $900 spread between questioning whether the next order to fill is going to be a buy order or a sell order?  Which one?  Am I giving too much away in regards to where my orders are?  

Just saying being around smack dab in the middle of the spread causes a certain amount of cushion either way.. like a feeling that nothing (in regards to the buy/sell orders) is going to be happening, soon.....

I am somewhat o.k. with NOT having very much happen to my orders (price comes to orders, the passive part), and of course, if the BTC price goes higher then the spreads go higher, but sometimes when BTC prices do not seem to be moving very much, then sometimes even I might contribute towards having more "action" by narrowing the spread amounts a wee bit (which might no longer be passive, depending on spin of the situation).  

Don't be a hater, lightfoot.




That's a low blow, vapourminer.    below the belt, dare I say?



Haters everywhere.....

I recognize that your three calculation scenarios do attempt to categorize how bitcoin's growth might happen, even while your further discussion also seems to meld the three categories into a kind of "anything can happen" but most likely UPpity.    

By the way, I cannot really disagree with any of what you are saying, ivomm.

In any event, there are some thoughts that every halvening will consistently cause a 10x increase in BTC price per halvening period in the event that demand stays the same (but I believe that the more nuanced BTC price predictions do at least presume a bit of a linear increase in demand for BTC in order to achieve 10x per 4 year period, otherwise why would BTC achieve anything more than 2x per 4 years if the demand actually were to stay exactly the same for each 4-year period?).

Of course, these have to be kind of ballparking BTC price projections, since if we look at 10x per cycle surely would result in something less than a 2x price per year increase..  Because 2x per year does end up having exponential effects when extrapolated out 4 years resulting in: 0=1x; 1=2x; 2=4x; 3=8x; 4=16x.. .so yeah, 16x in 4 years does end up being more than 10x per 4 years.. and gosh I have my doubts about whether 16x would be sustainable, every 4 years... even presuming some kind of linear (rather than exponential increase in demand), and yeah metcalfe principles likely account for a lot of these exponential like theorizing that have been around in BTC-landia for years.  Hory sheet!!!  

We also can appreciate that at some point, there is going to need to be some kind of flattening of the UPward trajectory of BTC's prices, but without really knowing if demand stays the same, or if demand rises in a kind of linear way or how much demand might change with the changes of happenings in and around the space, and without exactly knowing how demand might change (even if we know what supply is going to do**) we get into crazy-ass and difficult-to-plot trajectories - which surely, even though stock-to-flow does seem to account for a kind of straight-line increase in demand, it also seems to continue where we might continue to go into the next couple of halvenings, which should be more than enough to get us well beyond $300k, crazy as that might seem.. but still, who knows, for sure?

**By the way, there are so many bitcoin naysayers who seem to under appreciate the power of actually knowing part of the supply/demand formula, which is the supply portion.  It is almost as if we (bitcoin HODLers) are cheating by knowing the supply ahead of time, but bitcoin naysayers still want to continue to act as if in Bitcoinlandia there are way too many unknowns, when we, bitcoin HODLers, are given half of the formula in advance (as if the bitcoin naysayers did not get the memo... or understand what the memo says...  poor fucks!!!!   ).

Edit:  I fixed 32x to 16x.. Seems to me that 16x is a more accurate assessment of doubling each year extrapolated out to 4 years (not 32x in my original calculation)..

On the positive side of this, regularly, you do tend to be a pretty damned decent measure about what might be happening on the 1-minute charts, bob.      for whatever that's worth..

 

Soulripper you do realize that one of the trade secrets of a scammer is to purposefully make really stupid mistakes in order to weed out nearly everyone except for the most gullible of folks.  Anyhow, people who tend to fall for scams, including bagholding BSV-tards are either part of the scamming or they are pretty dumb fucks, if they really believe even half of the BSV or CSW-related nonsense.



Of course, diptwat craig is run of the mill.  The only thing that might differentiate him, somewhat, is that he is attempting to be very public in regards to his baloney proclamations that might cause some gullible people (perhaps including yourself) to presume that he might be telling the truth since he is so public about it. If you cannot recognize those dynamics, then either you are part of the scammers or maybe you are falling for the scam, ur lil selfie.


Have you ever considered that perhaps it could be a good idea to get your ideas a bit more clear and in order before you go out spouting admittedly incomplete and poorly thought through nonsense?


More evidence that you are way too preliminary in your looking into this matter, to the extent that you are even being honest in regards to the contents of your posts.


Who cares? There is a lot of information that is already out there, so why don't you  work on the already available information before you get boggled down with more information that you do not even seem to understand the context?


Bitcoin is quite likely to go up in value in the coming years, lawsuit or not.. just like Lazlo's purchase of pizzas went up in value.. Does not really matter very much in the whole scheme of things, even though such pizza purchase remains a part of bitcoin's history and some point that people bring up from time to time and assign some kind of significance to it that it may or may not deserve.


Skybuck does not believe in actual reading.  He prefers to make up his own bullshit.

I was thinking some kind of similar response as you, ivomm, to the evergreen repeated theme concept that we have to have a down before we can go up, and there were a lot of peeps that got screwed out of establishing an adequate bitcoin stash in 2016/early-2017-ish because of such seemingly problematic conceptions.

This time is different?  I am having doubts.

There continue to be so many new peeps that come into the bitcoin space (and of course the scammy overall crypto space), and the old selling points seem to continue to work, even though we can look back and verify that some subtle variation of those same selling points have already been played a few times.

Still seems that the smarter punchline out of this whole old wine in a new flask situation is to just continue to buy BTC and to make sure that each of us has enough BTC for UP, just in case down or more sideways does not happen.

I will definitely concede that none of us really knows, so each of us just have to do what we believe best prepares us on a personal level (without being too smart for our own good), and hope that we do not get our bets too wrong that we are not able to profit from what seem to be ongoingly pretty decent asymmetric odds in favor of king daddy.


It seems way too early presume that 4 digits are gone forever.  

Each of us should attempt to be somewhat realistic in our own BTC price expectations.

Sure, we might never witness 4 digits again, but even some of the most bullish of BTC price analyzers appreciate the reality of short term DOWNity, no matter how much some of us might prefer such DOWNity to NOT happen, including the fact that BTC's 200 week moving average is currently a wee bit over $6,500 which such 200 WMA continues to be a reasonable measure for where downward extremes could end up and do happen in bitcoin from time to time.. maybe even more frequently than some of us would prefer.. because they certainly are stressful periods, even for the strongest of BTC HODLers...

If we have been in the BTC space for a while, we should appreciate that one of the great ways to shake some additional weak hands out of their BTC is to manipulate some extreme DOWNities that causes even those who believe that they are strong hands to melt into pussies.... especially if such extreme DOWNity manipulation is coupled with a decently impactful shakening out of some froth from the shitcoin space (aka scammer defi, yield farming, eth heads, amongst others).

Does an AI have knockers like that?

#justsaying

 


The receipt of an actual 21 satoshis would be nice for accomplishments like this.... and potentially sustainable for a good 8 years or perhaps even 12 years or longer... before such quantities of value transfer might start to become too expensive (absent some kind of forum tax - or are would we be counting on "libertarian charity" - if that might not be an oxymoronic presumption?   )

I am thinking that maybe such a transfer of value would be preferable over the lightning network or some other low fee system in order for such deserving member actually receives the full value (accounting for reasonable transaction fees).. although having a forum wallet that retains value would also remove transaction fees, too (except when moving value in and out of such hypothetical forum wallet).

By the way, congrats d_eddie.  You have had a lot of great contributions to the forum through the years, so your advancing into official "legendary" status was largely as inevitable as bitcoin is volatile... which is as about as sure of a bet as can be made, amiNOTkoreck?

Even though you, Skybuck, are trying to present yourself as if you were having some kind of a purported "open mind," you come off either as a bit of a delusional fuck or someone who wants to put out misinformation to rant about a lot of stuff that has already been beaten to death in a variety of public threads.

Instead of looking at what has already been concluded, you come at your purported analysis as if you have fresh eyes when in fact you are just failing and refusing to really look at the evidence and logic for what it is, a fucking BIG ass scam that is largely originated by fucktwats craig, calvin et al.

So, yeah there is nothing wrong with attempting to go over a variety of evidence and logic to come to fresh perspectives, but you really need to do a lot more research and stop coming off as if you are purposefully failing and refusing to appreciate some of the most salient evidentiary points that have already been presented in a variety of interwebs places.

When I listened to Pomp's podcast today, I thought about the lil dilemma that you had presented in your earlier post, fillippone.


Of course, I don't really idealize Pomp because he does have some tendencies to "give the benefit of the doubt" to a variety of shitcoiner ideas, and so on today's show when he was interviewing Alex about the potential advantages of any person creating their own personalized token (shitcoin), I began to speculate (in my mind) that Pomp was going to go down the road of creating his own token/shitcoin, and then he (Pomp) would be lost forever from any kind of possible redemption.

I will note that at about halfway into the podcast, Pomp and Alex started to get into discussing ethereum versus bitcoin, and through that portion of the conversation we could appreciate that even though in the first half of the podcast, Alex had seemed to have had a lot of smart ideas and even seemingly charitable in terms of his expectations around his personalized token (shitcoin).  Once we got into the ethereum versus bitcoin discussion, we could recognize that Alex is a bit of a delusional crazy-ass nutjob, and surely in the delusional camp of a lot of eth-heads, and at through the fleshing out of that conversation, Pomp really was able to present quite valid arguments concerning why any person who might be somewhat materially established would be quite foolish to stake their finances and/or reputation into smoke and mirror shitcoin projects, even though there still could be a decent amount of short-term financial benefits for folks who do NOT have anything to lose to go down that kind of a risky career path.   

Even though some members here might posture that this post (of mine) is going a bit too far down the shit-coin discussion path, I believe that in the end, I am largely providing additional ammunition and reasons why ongoing and continuous bashing on shitcoin projects is a fundamentally sound practice, especially for peeps who are trying to invest their value (whether time, psychology or finances) with attempts to maintain relatively solid long-term practices.. which definitely, in the end, should bring us back to showing king daddy at the top of those kinds  of long term assessments.

I recognize the Raw reference, but I am currently brain farting in regards to tc.

It's not you; it's me.

Even though life is good in these JJG-landia parts, I have not quite gotten to the level of abundance to either treat guests or have confidence to dish out cash/food advances.



Sorry about dat, vm; I feel badly.   I have come to appreciate that it's a dog eat dog world, out there.  

Buying every dip works for the people who are not fucking around trying to guess where the BTC price might be going, so sometimes pulling the buy trigger has to be thought of as a thing that has already been done, rather than either second guessing it or regretting it.

Over the nearly 7 years that I have been in bitcoin, I could have gotten all kinds of BTC for much lower prices (than I did), but I don't give any ratt's asses about that, even that I could have been able to buy multiple times as many BTC with the same amount of cash that I ended up using because over the years, I have accumulated a lot of BTC by just buying regularly and not given too many shits about the price. 

And, overall those BTC have gone up in value quite a lot.. especially zooming out how great BTC has performed overall over the longer term.

Of course, if I get a bit of a weekly or monthly dip or even a longer term dip, then that does tend to be a bonus.. and of course, if the BTC price keeps going down after I already bought some, there might be some "could of" "would have" or "should have" in my short term thinking, but really all of that nonsense has tended to be water under the bridge, especially for anyone trying to seriously accumulate a decent stash of BTC for the longer term and has a bit of a higher time preference rather than feeling some kind of desperation regarding every time they might have been able to stack 10k more sats, when they’ve had already been able to stack decent amounts of sats along the way without giving too much thought to the matter.. and overall still doing quite well.. especially, with the passage of time.

Too many people seem to miss out on buying BTC or even to stack enough because they are too busy waiting for the dip to be BIGGER.. which causes even more psychological pressure and paralysis when the price goes up rather than down.. so in my experience it seems to be much better to act rather than to be paralyzed or to out psych your lil selfie with too much greed, analysis or guessing.

Sucks to be you, vapourminer... you BIG loser.   

I graduated to self-sufficiency status (not quite fuck you status, but still)... and I only eat Ramen twice a week, and I buy all my groceries by my lil selfie.     

You might be making my case for me, kind pleasant sir (aka Gyrsur).  




Maybe I am just dumb...



hahahahahha  (is that "dummy" me?  Or Gyrsur after purported "boating accident"?)

I have not started too many threads.. except just one or two in my whole "forum career," if it can be properly called that?

I am not ready to either give up on humans or the many folks doing god-like work in regards to various aspects of open source projects... and bitcoin has a lot of those sharing is caring kind of people, and some of them frequent this thread, too.. .believe it or not.

Of course, take anything from the interwebs with a decently-large-sized grain of salt and some skepticisms, too, but surely does not mean that "everyone is a scammer" even though each of us likely has scammer and evil potentials within us (even luke dash jr)... but many of us are sufficiently and adequately able to keep that demon down, even through temptations and hardships and even though we are not even sure how long we are going to live (and had been missing out on some scamming opportunities that we "could have gotten away with.. blah blah blah.")...

By the way, I do agree with, like and appreciate the points brought up in the above-quoted Goldstein article..... nonetheless literally acting upon such title ideas as if it were an absolute-truth is likely going to cause you to become absolutely overly jaded, which does not really seem to be the point that Goldstein was attempting to make in his article.

I will admit that the substance of your post is thought-provoking fillippone.

Is sponsoring an ICO or some similar level of involvement in some kind of shitshow an automatic death knell to bitcoin street cred?

I am thinking about it.. there are likely degrees shit and scam and deception - and I had not known anything about INX.LTD prior to your post, so I have only looked at the links that you provided, and on the surface (much beyond my paygrade) it does NOT look like anything beyond a scam-project...

.....not that we like to go into any details of possible scam products in this thread because it would either only invite possible defenders (like a slippery-slope in to shitcoin talk), and just sharing details likely causes a lot of pain for the regular WO thread followers to follow..

Maybe starting a thread on the topic, might be better... to help devolution from happening too muchie in this thread, and it is not really a bad topic idea, just as you outlined (and defended your idea(s), as a starting point) in your post.

I agree that the underlying article is a good read with a decent (and varied) amount of analysis, but still who/what is Snappa?  Never heard of them.

https://snappa.com/about

Are they much of a playaaa?

Edit:

Oh I found this.  Appears that such company does about $3million revenue per year....


oh gawd    

Biting my tongue,  for now:



#nohomo

Edit 2:  I see that boldie moldie toxic moxic addressed the stirrenings in my thinkenings.. to the extent incomplet turrenings have such thinks... hahahahahaha


Some guys (and gal) do not cry.. they throw flamboyant temperature tanturums, #nohomo