What about the letter to the lawyer or whoever that is in your safe or whereever that explains everything upon your passing?

Maybe do this to Arriemoller will help?



Or maybe a more direct hit, to get his attention, might be MOAR better?




 



Hopefully, when you arrive at the hardware store, you will remember why you went there.  I am not sure if I am setting my expectations too high?   

 

I am thinking that once the BTC price breaks above the $17,250 area then the upper numbers, such as $27,118 should come fairly soon thereafter, like within a month or three... but sure, nothing is exactly clear in bitcoinlandia in terms of either how far the BTC price will go or how much time it will take to get there.

I hate to be quibbling.. but seems that my systems have been rebooted... and I cannot help my lil selfie.

In substance, I'm not disagreeing with you AlcoHoDL, but I thought that "we" have kind of modified our thinkenings on such BTC accumulation topic based on some degree of recognition that we cannot travel back in time (at least not in practice, so far).  

Accordingly, our overall statement would go something like this:

The best time to buy BTC would have been several years ago;

The second best time would have been a shorter time horizon into the history, such as yesterday, last week or last month;

The third best time to buy BTC is that you better fucking get your shit in order and start making your BTC buying preparations immediately.. and without delay...  and get your ass buying lil fiends, now... and keep buy often until reaching your BTC accumulation goal.. which hopefully is a sufficiently aggressive accumulation goal... 1% is o.k. and 10% is likely MOAR better..

PS to the advert (to cover our asses):  #DYOR  .. #YMMV.... #BTMFD.



Many of us recognize that in recent times, we had been through another (comparing to the 2014/15/16 period) LONG ASS period of more than 2.5 years in which BTC accumulation could have been been accomplished in much more moderate, modest and slow paced ways, but we are likely entering into a phase in BTClandia (nothing is guaranteed in BTClandia) in which moderate, modest and slow-paced may be becoming a less prudent way of going about BTC accumulation (and acquiring a meaningful BTC stake).. and front-loading might end up being more prudent and practical than moderation, modesty and/or slow-pacedness.. (again, nothing is guaranteed in BTClandia)...

In other words, it is nice for quite a few of us regulars to be relatively "in front" of this game, in terms of already having had taken a stake years ago and even some of us building our stake much earlier than the later entrants and some of us thinking that we may not have been able to build enough of a stash of BTC...  Relatively speaking, even if our stash is relatively small, many of us are still in front of these later arrivals.

Yes, I appreciate that if some of us do not have very much wealth, we still may feel bad because we have not been able to build what we might consider to be a LARGE BTC stash... but surely we can only do what we can do, and sometimes still a smaller amount of capital in BTC is much better than none and we might not even be able to leverage either (because leveraging is not necessarily a smart thing to do either.... people make differing choices in terms of whether to leverage and how to play it too, depending on their options).... Hopefully, leveraging does not end up blowing up on you, if you take too many chances, which is what seems to be part of the explanation of what happened to mindrust (his situation largely exploding in mid-March).

Another hint (lesson) that we might want to learn from this lil message from the traditional investors coming into the bitcoin space is that many of us may well need to be careful in terms of NOT selling too much of our BTC stash too soon.. because it might be difficult to either know how far BTC price pumps might go and even that some of the BTC price corrections along the way, may well end up being fake outs for the BIGGER players to try to get on by driving the BTC price down for short periods while they shake some relatively weaker hands and they attempt to jump on board.

I am NOT suggesting that HODLers should not sell any of their BTC, but just be careful in regards to selling too much too soon because there are likely going to be several corrections along the way UPpity and some of those corrections along the way might feel (or seem) as if they are taking place at the culmination of a blow off top, when in fact they are merely fake outs for some of the later entrance (possibly BIG PLAYERS) to enter later, but to be able to cause downward liquidity to obtain their coins at lower prices than if they were to just market buy chase the BTC price on its way UPpity.

Seems to me that my earlier response was self-explanatory regarding why I wrote to you the way that I did and I proclaimed that you were just making old and outmoded arguments that have already been largely resolved against you.

So, yes, you keep raising old arguments that seem to be a lot of nonsense... and therefore, yes largely irrelevant.

Regarding increased problems with increased prices, I doubt it.  The more money that flows into bitcoin, then the more that fees are going to go up and cause incentives based on fees to either attempt to develop and build on bitcoin or to develop and build second layer solutions, too.  Those are not problems but instead free-market motivational mechanisms.



"We" are not focusing only on profits from investments.

Instead, "we" are focusing in how to make our investment decisions in terms of which investments are bringing in the most value.  In this regard, bitcoin is the most valuable, remains the most valuable and likely will continue to be the most valuable because of its sound money aspect, not because it can be used as a means to make payments.

When it becomes more practical to use bitcoin as a means to make payments then those mechanisms are going to increasingly be developed on bitcoin... at this point in time, ease of payment is not an actual focus or anything that people want or need, in regards to bitcoin, even it you, KTChampions, believe that is what you would like to have bitcoin to be.. but instead you, KTChampions, continue to invest in bitcoin because you already know and realize that bitcoin remains the best investment out there, in spite of some of its shortcomings in the ease of payment department.



Who cares?  If some shitcoins want to do payments, then let them do it.  None of us should give even a ratt's ass about that.



Being able to use some shitcoins as means to pay would not make them more promising than bitcoin, unless they can also be valuable in terms of inspiring people to want to hold them as a storage of value and as a hedge.  There is no shitcoin or even any other asset that even comes close to being as asymmetrically valuable as bitcoin, at least currently, as I type.  Sure, you can go out and find various short-term pump and dumps, but where you going to put your value for the longer term?  likely bitcoin... and why?  because it holds value and you are not going to want to spend it if it is holding more value than other assets.. you cannot change that people are going to be motivated by Greshams law principles..unless you decide to make bitcoin less valuable.. and I doubt any of us really want that.. not that we can do anything about it, anyhow... unless BTC consensus were to change in order to start diluting BTC supply.. then people would thereby become less motivated to hold it because it no longer would be sound money (or at least not as sound of a money).


That's your choice.  Other people tend to be motivated by profits, which is the same as the motivations that are described in gresham's law and that is to hang onto their most valuable assets and to spend the less valuable assets.. How are you going to change gresham's law merely because you are not inspired (by smartness) to follow it?


Does not seem to be too smart of a statement.


stable is not going to happen.  We are currently in the midst of a war and stability does not happen during war, even if you, KTChampions, wish stability to happen.



The acceptance of BTC has continued to happen.  Can't you see the ongoing growth in bitcion, right before your eyes?

You want something different to happen than what is actually happening?  Bitcoin is growing.  It does not need marketing or any of that.  The word is getting out.  Why do you believe that BIG ASS players are jumping into the space and buying up more than 21k bitcoin?  It's because they want a piece of the action.. and they consider bitcoin to continue to be an ongoing growth area.



Good... Get to work on those payment mechanisms then, and find out how many peeps are going to use them.

Of course, if you build a better mouse trap, in terms of payment features, then sure peeps are likely going to come to your start using your mouse trap, right?  That's one of the presumptions of free market principles.



Did you go to other investments, too?  Good let them go to other investments if they find more value in other investments.  What's the BIG deal?  Why do you feel so much desperation about this topic, KTChampions?  You really believe that there are some better assets out there, besides some of the pump and dumps?  Where  you going to go?  Go to one or both of the bcashes?  Go to ethereum?  is there some ERC 20 token that you would like to go to?  You going to a combination of them?  Well good for you, if you find a way to diversify your investment outside of BTC and into various crapcoins, and if you believe that diversification to bring more value to your crypto holdings.  That's your choice regarding how and how much to allocate your various investments, the extent that you choose bitcoin, the extent to which you choose various traditional investments and the extent to which you choose to include shitcoins in your investment.  Short term you might even do better than having a pure bitcoin allocation.. and sure maybe some other coin is going to take over bitcoin's market share in some kind of meaningful way.  I personally don't see any that are even close, but hey if we all recognized price and value in the same way, then the issue would already be resolved, right? 

Choosing how to invest can be a bit of a moving target, and some people may allocate badly, some will lose and some will just perform mediocre.  There are a vast array of ways to invest, and the answers are neither black and white nor are they all or nothing decisions.   Bitcoin has done quite well for me since late 2013 (and even more so, since late 2015 and thereafter), and I don't really see any reason to be diversifying into various shitcoins in order to feel MOAR better about my allocations.  Of course, other people might feel better by investing in other projects, and of course, if they are new to investing in either bitcoin or in crypto, they might choose based on their own conclusions and their own circumstances, and we cannot save everyone even when they make seemingly bad decisions, when it seems that bitcoin continues to be best of class and likely an ongoing solid long term investment.

Hopefully, you are starting to spend before 73 and even before 10 years from now.

You seem to have been in BTC for at least for a couple exponential growth cycles, and sure maybe you screwed up a few times, but there is also ideas that you would rather spend your money before you die rather than having a bunch of money that you cannot spend or enjoy.

Have you ever thought about starting a 1% per quarter liquidation schedule, which should largely, allow your stash to hold its value, and if you are not ready to start a 1% per quarter liquidation now, then 10 years seem so long from now.. I would suggest starting something less than 10 years from now, but of course you are the best person to really know where you are at in terms of your BTC and your lifestyle and your other investment cashflow potentialities.

And, then once you start withdrawing.. are you just going to withdraw a lump sum or can't you just engage in incremental withdraws ... and gosh?  Spending over 10 years?  You expect to live to what?  83 years?  you have way more energy as a 63 year old than you are going to have in your post 73 years, no?  if you make it that long without any major issues, that is.

Seems that the word would not be bearish, but instead distracted.. if you happen to not be lost, and if you are attempting to defend ur position, then perhaps you are a bit distracted rather than lost?

bearishness is a different category of discussion than being lost or distracted, so there is that angle, too.  
 
Regarding me personally, I have a pretty long track record posting in this thread, and sure bearish is a relative term, but not too many folks who have been paying attention in this thread would characterize my posts as tending towards bearishness.. especially in times like this when ongoing BTC price pressures have been pushing UPpity.. and furthermore, I have continuously proclaimed that we (referring to BTC here, not some shitcoin or some vague concept related to the space) have been confirmed to have been in a bull market since about May 2019... and sure we have had some meaningful and long-lasting corrections along the way, but I have not really fallen away from my May 2019 and subsequent assertions that BTC had entered into a bull market.... so there would be nothing really bearish about current BTC happenings... nor concerns from me that our current BTC price action may even be approaching anything close to either a blow off top or some kind of reversal in the bullish trend..

  but sure.. it can be a bit difficult to argue with any kind of relative term like whether one member (such as me) might be more bearish than some other member.. I don't feel any need to prove or demonstrate my level of bullishness or bearishness because I have a pretty consistent posting record.. especially if you do any kind of browsing through this thread, maybe you might be able to find some representative posts that might establish your questions/concerns about my current BTC price dynamic assessments, but I doubt it.....


Whoaza, AlcoHoDL....      We are going to need to bring batman out to slap/snap you out of your seemingly overflowing and exuberant bullishness.

You are out of line, soldier.

 



 


Surely, more specific and direct than some of us peeps (referring to yours truly).

You appear to be lost kind sir or kind madaam.   

Largely, I am trying to speak to the typical situations of normies, and there are not very many people who have enough capital to push market direction rather than merely reacting to it.





Again.. normies probably should not be starting out with any kind of trading approach.. but merely DCA, buy on dips and HODL... Sure, if they have skills beyond normies (which again should be the exception rather than the rule), then of course, their approach might be more elaborate and more complicated, but I generally am NOT talking about those less than typical situations.


I agree about attempting to establish systems that lessen any likelihood that emotions will get in the way.. yet as far as specific trading techniques, you seem to be getting into the weds and thus devolving into another topic that was quite a bit beyond what were some of the original points (and thus my responses were attempted to be tailored to the original points, which largely was regarding the extent to which BTC would continue to be volatile).


Sure.. if you set up your system to work like that, then sure.


Sure some people trade smaller price ranges or larger ranges and then they might change their style when the BTC price is moving more or the mere movement of the BTC price might just cause their buy/sell orders to trigger more frequently, as you seem to be suggesting.  NOT everyone wants to get caught up in trading activities at all... that's for sure.

I don't know whether the war phenomenon is good, because I am asserting it as a descriptive rather than a prescriptive statement, and i am also proclaiming that there is not really anything that any of us can do about it.. It just "is."


Seems like you did, you waffler wannabe.  


I am not sure if it is needed, but it just comes with the space... war and chaos go together, and you are better off if you prepare for what is likely to happen rather than going into it with rosey painted glasses.


It can bring fortunes if you neither go against it or fight it.  It can also bring some poverty or considerable poverty if you are on the wrong side of it or you try to play it, and you end up not playing it very well... so ultimately, again, best to recognize it for what it is and what it is likely to be... inevitable (or damned close to inevitable).


HODLers still tend to profit from something like bitcoin, whether they are boring or not.. bitcoin is designed in such a way that HODLing seems to be a quite sound strategy.  Also, DCA, buying on dips and maybe even skimming some profits on BIG swings.. but safer strategies may well likely be proven to be much more boring.. (historically HODL and/or "boring" has proven to be pretty damned profitable, especialy in BTC).... in other words, basic approach would be largely boring and just accumulate by DCA, buy on dips and HODL.


I don't know about that.  Bitcoin is already seeming to be quite an asymmetric bet, so with merely sound, prudent  and moderately aggressive strategies in regard to BTC (nothing too aggressive), normies can become rich as fuck.  So there really is no need or justification for very aggressive practices... I am just maybe proclaiming that a moderately aggressive strategy would merely be getting to some kind of investment amount that is meaningful.. rather than merely dabbling with less than 1% of wealth.. so something like 1% to 10% of quasi-investment capital would be sufficiently aggressive... and then maybe thereafter let it ride or just maintain with modest ongoing DCA.

In other words, more aggression takes a lot more skills and may end up screwing it up by attempting to be aggressive at all and then making matters worse... king daddy is not going to be very merciful to the aggressive one who goes beyond his/her skills, unless it is NOT too far beyond sticking with basic principles as described above (DCA, buy on dips, HODL).

Wow.  

Looking at how "high" we are currently from that perspective, we have spent a considerable amount of our top 100 days in the $11ks.

Surely it is going to be nice to witness those $11ks evaporating from the top 100 days..... but you are correct that we have to get to $12k first, so one step at a time .. and this could take a bit of time...   I am thinking that it may take more than 100 days to get to the removal of all $11k-ish days... which would put us end of the year-ish--- but hey, what do I know with my speculatenings?  

I am not sure if it is a plus or a minus that, so far, we have not spent any days in the lower $12ks - nothing between $12k and $12,485.... and surely there are likely quite a few HODLers that would prefer to just skip that price range completely and pass through to higher numbers - which surely is not out of the question, either... I have few if any convictions regarding the short-term price dynamics of what bitcoin "needs to do".. I just like to talk a lot of shit without really committing to much of anything. 

Largely those are old and worn out talking points from the 2017 blocksize debate that bitcoin already won.  We are three years later, and sure people bring up those point from time to time, but they have been beaten to death including the fact that bitcoin's value is not centrally as a payment system (even though surely we can pay directly to each of the with bitcoin, if we so choose), but the value of bitcoin is having control over your value.. and no one can stop you from sending or receiving.

Small payments do not have to be accomplished directly on bitcoin's blockchain for bitcoin to retain its value... There are all kinds of payment systems already in existence that you can use for free or low costs or even to gain points by using them.  Sure, not everyone has access to these various kinds of payment systems.. .so maybe they would use bitcoin or maybe some other method might be preferable to them, such as a shitcoin, if it were to be liquid in their geographical area.

Try moving $20k, $100k, $1million, $20million around the world in a variety of hops through differing locations over several years.. hoping quickly from each location and then going to the next one.  Bitcoin seems to be a great way that you can move your value around the world and have some assurances about maintaining control of it, not having to ask any permission, not having to worry about getting it across those borders or seized, can move it pretty damned fast at each hop (within an hour or so) and no one can stop you from doing it. 

Try that with gold or fiat or some other kind of value?  You could attempt to accomplish such hopping  of value objective with various shitcoins too, but I would have a whole hell of a lot less confidence in the security my value through various shitcoins in storing my value therein.. even leaving my value within any of those assets, other than bitcoin, for 10 years or longer... even though with bitcoin, I don't necessarily have to keep all of it stored within bitcoin for 10 years either, but I have some options in keeping some of it or most of it in bitcoin, and maybe I can move between other assets or fiat, too (might worry about creating  taxable events)?



Yes.. and what coin are you going to invest in at this time?  bitcoin?  or some other coin?  You can make your choice right now based on what is available to you and if you do not perceive any future value in bitcoin, then don't buy it.  Go invest in some shitcoin or store your value in some other asset class.  Sure, if you have some value in bitcoin, you may well reasonably conclude that today, payment systems are not really practical on bitcoin, lightning network or other second or third layer levels, so therefore, you want to keep some or all of your value in more liquid avenues in order that you can make payments.   

In the future, if bitcoin allows for more easy payments, then you might move some or all of value into bitcoin to make such payments... right now, there seems to be limits in bitcoin as a current payment system, but it still seems to be a very good investment.. even if it currently is not very good for payments, and even in the future, it might not transition very well into a great payment system, but it still might remain a very great place to secure value.. thinking about bitcoin as better than gold, it is more scarce, more verifiable, more portable, more divisible, etc..  getting stuck on the current payment abilities of bitcoin or its possible lackenings in the future as a payment system, could well cause some people to under invest into bitcoin, currently, because they cannot recognize why bitcoin is currently valuable or that bitcoin is going to retain its value.  Hopefully, for your own good, you are not one of those short-sighted diptwats.

Sure, there seem to be quite a few entities that have abilities to buy quantities of 20k BTC or more with their cash reserves, and it would logically follow that in the near future, some of these kinds of entities might NOT have engaged in sufficient due diligence to try to source their BTC through OTC channels (or maybe some OTC channels are drying up, too), so then they are faced with troubles sourcing their bitcoin through OTC means, and therefore, if they want to get into BTC sooner, rather than later, they may be forced to buy their decently large quantities of BTC on the market or on various exchanges where they would be able to find such potentially large quantities of BTC.

In the near future, I would not be totally surprised to find out about something like large quantities of BTC (maybe even quantities in the 20k BTC plus arena) being sourced at spot prices and maybe attempted to be spread across a few exchanges and even attempting to make buys in such ways that prevent as much slippage as possible.  Probably not easy to accomplish preventing of slippage when quantities that are wanted might be really high amounts, but likely better to have some slippage than waiting it out during circumstances in which the BTC price is going up and some of the well-capitalized entities are looking for solid possibilities for a return on their investment and might not have been able to find OTC sources for acquiring a sufficient amount of the BTC that they would like to get.

Kamala = the new donald

 

Not referring to donald duck here, even though plausible arguments could be made

We don't use decimeters in these here parts, so it seems that you have eliminated yourself from the running..  

Speaking of dicks  - - sucks to be you.     #nohomo





**For art's sake, it's risky to overly-explain certain jokening angles ... I will leave it at that, for now. 

You are delusional, savetherainforest.       as usual... so no real surprise, there.  

Both your post and Phil_S's post were making wishy-washy prescriptions about hoping bitcoin is blah blah blah rosey.. blah blah blah... unicorns..blah blah blah... flowers ..  blah blah blah.. nice smells.. blah blah blah

Bitcoin does not give any shits about what you wish it to be...

Accordingly, bitcoin continues to be in a war, and war is not pretty, rosy and filled with unicorns, even though HODLers of bitcoin are seeming to be quite likely to profit the fuck out of this ongoing war.. and the way it is going.. and bitcoin provides a lot of incentives and strengths to people who continue to invest in it.... sure any of us could become a casualty of the war if we get too greedy are maybe have some bad luck, too... and even we might get distracted into the wrong side.. or not really appreciate what is going on.

War does not have stable prices.  That's all that I was saying.  

You are scaring me... with this "maximum words per minute" mindset.


 


Snap out of it... VOD!!!!!!!!!!!!!!!!



Concededly, it would be interesting to see how such a measure might play out from member to member.

A major aspect of your problem.. believing that there is even such a thing as "other bitcoins"... rrrrriiiiiiiiiggggghhhhhtttt.

Yes.. Many of us are speculating that the four year fractal is lining up, and we can also see the UPpity pattern on the stock to flow model, but surely, there are no guarantees that continuing BIG players sucking up BTC supply is going to cause BTC prices to go up - so lot's of folks would be disappointed to go into a 6 to 18 month correction from here - while at the same time, many of us know that there is a certain level of physicality limitations to bitcoin, and ongoingly pushing BTC prices down or trying to keep them flat is going to cause even more UPwards price pressures - and maybe even GREATER incentives to screw the fuck out of any  BTC down manipulators who are not holding actually in fact holding real bitcoin, but instead manipulating down with dollars while proclaiming to hold actual bitcoin.

I am looking forward (I suppose a kind of hope) for those fractional reserve players to get fucked over when the BTC price goes shooting up, but they are not actually holding the underlying asset that they claim to be holding.  We know that they are good at such making shit up shenanigans within the traditional space, and maybe the million dollar question continues to be whether they can be successful to make shit up in the bitcoin space, especially if some players might be ready, willing and able to demand their keys (or to demand an actual and credible audit of the purported BTC holdings... not so difficult to accomplish in bitcoin - even though many BIG players in the traditional space are not used to showing their real books).