Started this thread as Bitcoin FUD watch for various articles. Seems the press has it both ways, in regards to whatever will get your site or news rag 'eyeballs' and such. Now that we have 'stabilized from the ATH from 'gasp' ..."last frigging week" and the 'depths of time.....  Today is usual, there is NO reason to HODL Bitcoin but a 'speculation' viewpoint. Glad I did not listen to these guys on July 13th, 2020 when my BTC worth was like 5.5 times lower. I mean really? I 'especially' like the 'breathless' comments of Bloomberg News today on 'hot' stocks gaining maybe upward of 5.5% this year! Be still my heart. Anyway, below is the latest FUD, feel free to comment with your own links and your own analysis on how it always goes FOMO then FUD and then 'rinse' 'wash' 'repeat' in the BTC/Crypto world. https://news.bitcoin.com/bank-of-america-good-reason-holding-bitcoin-price-appreciation/Just goes to show, when you have concentrated wealth/power in the world..there is NO NEED for BTC/Crypto...indeed it is 'downright' scary when you can park your trust fund into an annuity and get a nice living at a 5% return...so why bother. But it really, really does get the traditional money and concentrated wealth folk up in the air when BTC/Crypto keeps handing them their ass when compared to IF they would have also got on the BTC/Crypto wagon. Again, the constant Angst, FOMO, Fear, FOLD, FUD and then repeat...is getting 'old' ....so from what I can tell, traditional concentrated wealth and money...need to 'suck it up' and get on the train...but damn hard when you 'can't' play the system like traditional markets and you are now last in on a decentralized wealth train...I mean the real fear besides that 'angst' of missing out on cheap coin 5 years ago is What if this BTC/Crypto stuff actually works and 'gasp' continues to work! That is the 'real' reason they can't 'get on the BTC/Crypto Train' would mean an 'even start' with the rest of the Newbs. Anyway, find your article on this FUD thread and chop it up! Consider taking the poll also. As an aside, I resemble 'some' of the above...but NOT my BTC/Crypto view of HODL. Brad |
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3/13/2020 BTC Lowest Was Price of 2020 was $4,916.78! This is according to the below chart, by month, 2020. MONTH HIGH LOW Jan 2020 $9,501.38 (January 31, 2020) $6,965.72 (January 3, 2019) Feb 2020 $10,630.37(February 15, 2020) $8,793.50(February 27, 2020) March 2020 $9,160.39 (March 7, 2020) $4,916.78 (March 13, 2020) April 2020 $8,784.96 (April 30, 2020) $6,423.61 (April 1, 2020) May 2020 $9,999.93 (May 8, 2020)$ $8,568.88 (May 12, 2020) June 2020 $10,211.23 (June 2, 2020) $9,007.14 (June 28, 2020) July 2020 $11,113.66 (July 31, 2020) $9081.44 (July 6, 2020) August 2020 $12,301.19 (August 8, 2020) $11,063.50 (August 3, 2020) Sept 2020 $11,926.69 (Sept 2, 2020) $10,174.62 (September 4, 2020) October 2020 $13,646.02 (October 28, 2020) $10,552.04 (October 4, 2020) Nov 2020 $19,157.16 (November 25) $13,571.24 (November 3, 2020) Dec 2020 $28,891.61 (December 31) $18,250.47 (December 12,2020) From this link: https://encryptedreviews.com/news/bitcoin-price-history-2020/So anyway, at a low, low price, remember this is the day when the Covid-19 Reality 'really' hit the world with BTC/Crypto and Stock Market... but still, really, someone bought in at $4,916.78 Bitcoin? The High Price for BTC today on 3/9/21 was according to www.coinmarketcap.com was $55,627.74, heck that is not even the ATH according to the Coinmarketcap site! The ATH according to them was $56,584.23 on 2/20/2021, which was the ATH for 2021! (so far) Well, on Saturday 3/13/2021 it will be ONE YEAR since that 'rock bottom price', anyway, this is why I HODL! Wow, just Wow what a year! Brad |
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I see a 'backlash' as per usual on massive Bitcoin price pumps...I mean the low price of Bitcoin in 2020 was $5,054.60 USD on March 12th, 2020. Again using www.coinmarketcap.com as the price graph of such. So to say we have the 'attention' of monied interests/banks/government regulators/investors traditional wall street and lest we forget 'Elon Musk' is a massive 'understatement'! So do you HODL? Sell some on the dip for a re-buy? Sell the works? Will above even matter and market forces will just over-run such FUD/Fear? As to myself, will likely just HODL ...I can't time selling on the dip for a re-buy worth sh*t..so won't even try.  This is what helps me HODL...most of the Bitcoin that I mined back in the day, more than 90% would be pretty much all under cap gains, and my states 10% tax rate. IF I stayed selling $400k I think it is that 'caps out' at a 25% tax hit. So in order to sell Bitcoin and 'buy' at the dip...I have to 'time' it so it is worth the risk to do so and it has to be 'more' than a 25% dip to be worth my while to play sell/flip/buy/on the dip. I have many 'skills' of a dubious nature. That is not one of them in any/way/shape/form. Others not in this situation may want to take profits anyway...for me...always I get such wrong! So I HODL not entirely 'trusting' of the good intentions of Bitcoin Pumps! (Bitcoin: You merciless Bitch!) So we have had 50% to 75% dumps in price in the past due to dubious government 'supposed' policies/regulations/FUD and exchanges going 'poof' of the years. My issue is right now not if/when? The way it is going now ...not a frigging clue. But again, if history is any judge of all this. If I would have had to bet the 'lives' of a basket of kittens I would have said 20K was the ATH and then retrace....obviously I know zip. Anyway, heady times, but I suspect like all pumps there will be the 'usual' suspects of FUD/we need to kill BTC/hate/regulations of an unworkable version etc. But whether or not this matters, I wonder? If institutions really are jumping into BTC/Crypto in mass now...will not a 25% or more dip simply add MORE FOMO as they see the cheap coins and limited BTC available? This as a way to catch up on our 'lovely' BTC or 'virtual land' of limited, so, so, limited BTC to grab? Whatever a government/FUD/supposed or regulations anyone may say may just get 'plain' run over...them all as irrelevant to accumulation and price? IF institutional money has already figured out that 'bonds' are not going to hack it on inflation over the next years as a 'hedge' on a stock market correction and 'gold' doesn't cut it either, with all the printing of $$$$/brrr/brrr that is gonna happen and drive inflation up. Indeed if BTC/Crypto is the only game in town under this viewpoint of FOMO, we need to get into this now...any FUD/Fear/supposed regulations won't matter... major institutions looking for an 'inflation long term out' may just blow any FUD/Fear off and WTH the price becomes in 2021 on such, well, I'm utterly clueless. Fun times, always exciting! Bitcoin: The good time girl we all want to have! (tm bitcoin) Brad |
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OK....according to the article below (link) the following below really caught my attention. https://www.investopedia.com/grayscale-trust-gbtc-is-key-to-bitcoin-price-jpmorgan-5093550quote: JPMorgan's strategists write that the inflows into GBTC "are too big to allow any position unwinding by momentum traders to create sustained negative price dynamics." In other words, investor enthusiasm for GBTC shares is a determinant of Bitcoin's price trajectory, and other Bitcoin traders do not possess sufficient market share or Bitcoin holdings to influence a correction in the cryptocurrency’s price. unquote. OK...I get it, but one wonders how much they are gonna push this price pump of Bitcoin until that 'burp' and are FULL! Or hell, is GrayScale just 'ahead of the curve' as they have been all year, and simply ahead of another FOMO/ATH run of other investment giants also waiting to cannonball into the Bitcoin pool? So the question becomes, is this gonna be another run up to around $50K Bitcoin into 2021 as everyone piles in? Or is this simply the top now due to 'mainly' ONE buyer of FOMO in mass: ie GrayScale Trust? Well, what do you think, how far will GrayScale Trust go on all this, and/or will other investment giants jump in as well? Consider taking the poll here. Brad |
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OK...being somewhat confused about politics in the United States of America in the year 2020...is confusing at the best/worst of times in the Covid-19
Pandemic and all and the split...down the middle...of the right and left in the USA.
But being a 'long-ago' Political Science major (1980) from back in the day...I'm really, really confused on why the Republicans, simply from a
basis of 'political self interest' do NOT support the $2,000 to individuals with the actions of the own President Trump providing them with 'perfect cover'
to do so.
From a politician's point of view it is frigging perfect...they just got though in the current (IMHO somewhat lame) current Xmas stimulus bill all they could
ever want for their constituents with $$/wealth/power and money. They cleaned up. The democrats pretty much had to take 'something' at this point.
Then, like a 'gift from god' Trump comes along and says a $2k is needed instead of the $600...what is this, like 1 more Trillion?
It is not like there is NOT no matter the circumstances NOT going to be another stimulus package in 2021 and indeed a big one if the democrats take
the 2 Senate seats from Georgia...thus from political self interest alone...Trump provides ALL Republicans with the 'perfect' method to show
that they do give a damn about the low and middle class and they have cover with the others in their party that already in the bill got their way
with Trump as cover. The line....well...initially we did not want to add $2k but with the presidents backing we could not do so and such...and you
wealthy donors/corporations/etc have got your part of this already...so we had to take the cover for political reasons with this or get just
'creamed' on our next re-election. You understand. So for once they could have tossed Trump under the bus and had their cake and eat it too!
You always, try to walk away pleasing everybody that in your state or district..this bill as it exists from the Republican point of view with the $600
does that..the base is secure..all is frigging well....allowing Trump to make it $2k means everyone in your state or district now thinks you are a
wonderful fellow..it is basic bread and butter politics....bring home the bacon..it is like politics 101 with NO downside for a Republican.
So is it because, due to demographics/youth millennials/generational issues/class warfare..that this can't be done or spun to their advantage? The
idea that this is the 'last hurrah' of the Republican party for a generation due to changing demographics...so FU is the norm?
Without allowing such...if Republican's lose the Senate Seats in 2021...they will get beat to death with a big stick with this issue of not
going along with Trump on this..in that they got everything else..and again...IMHO...'political cover' from those who otherwise would have
beat them up on going above the $600. It also does not bode well IF the Senate 'keeps' wins the 2 Georgia elections in that it again solidifies
that they are cruel and the party of special interests....so again, really bad play from what I can tell from the other side....this is a classic
political rariety of having your cake and eating it too. Go figure.
Consider taking the poll.
Brad
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So the 'dubious' premise of this thread is: "Would Donald Trump go overseas to some nation to avoid going to Prison in the United States of America! Hard to believe I'm even posting this about a soon to be former President of the United States, and again 'dubious' but if YES where would he likely go, if he decided to BOLT and the unlikely option of NOT getting a pardon if it ever came to that dire a point? of placing an ex-US President into Prison? (note: Poll on this thread) This article/link I got from Wall Observer and JimboToronato on Bitcointalk and his post here below with the original link. https://bitcointalk.org/index.php?topic=178336.msg55922109#msg55922109...so thought I'd expand this into a thread in the Politics & Society area of Bitcointalk. Here is the link: https://www.macleans.ca/opinion/in-a-bid-to-avoid-prison-where-might-donald-trump-run/ The top two countries are Russia (groan) and the UAE or the United Arab Emirates. The winner in the above link is the UAE with Russia a close second. The UAE has 'extensive' Trump dealings with like Russia NO extradition to the USA. But the 'edge' is to UAE which also had NO extradition to the USA but is a Tax Haven, plus as stated, Trump already does big business with the UAE. Again, this is all very dubious in likelihood...but then again...look at the past 4 years...so tossing this out here anyway. Consider taking the poll! Brad |
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Like all things Bitcoin the 'god-like' (in their minds anyway) Bitcoin Devs will fix such if that is the case...they have stuff ready to go that they may not want
to implement at yet or at all but will do so if they have to, IMH0. I remember posts by Bitcoin Developers that they had some 'hard fork' fixes ready to go if they
ever had a 'hard fork' like the last time (or one time) they had an 'unexpected one' ..that would be quite the wrench in the Bitcoin Universe. but people would adapt.
They will, however, continue to be, IMHO, way to conservative on fixes/additions/etc to Bitcoin Development, and the higher the Bitcoin prices ..the more hesitant they
will become, again IMHO. But again, they have yet to impress me and get Taproot out promptly. So we will see.
Brad
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There is a book out of all of Satoshi's writings. I may not have the technical skills to understand all of this book, even if I have to skim some. But should be very interesting indeed. I ordered the book above: Kicking the Hornet's Nest: The Complete Writings, Emails, and Forum Posts of Satoshi Nakamoto, the Founder of Bitcoin and Cryptocurrency Paperback. January 3, 2019, by Mill Hill Books. Again, this seems to be available ONLY in a paperback form, not electronic Kindle format. Which I find amusing! Supposedly it has all of his writings in a paperback. Below is the Amazon link. The price is $29.25 and published on January 3rd, 2019. The book is 343 pages long. Available on Amazon. https://www.amazon.com/Kicking-Hornets-Nest-Complete-Cryptocurrency/dp/0359327443What about anyone on here? What do you think? Has anyone read the book already? For that matter any really, really old-timers on Bitcointalk here that remember reading on forums when Satoshi was posting or hell even 'conversed' in some manner with Satoshi on Bitcointalk or any other medium back in the day? Also, do you think sales will pick-up with the ATH and FOMO pump of Bitcoin Prices? Anyway, reply on the thread here. Tell us what you think. Brad |
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FinCEN Proposes KYC For Withdrawing Cryptocurrency To Private Wallets by Peter Chawaga December 18, 2020 https://bitcoinmagazine.com/articles/fincen-proposes-kyc-for-withdrawing-cryptocurrency-to-private-walletsWell, the proposal with less than 30 days' notice has been tossed out there. From what I can tell it only applies to in/out of USA exchanges? Please clarify and correct me if I am wrong, please. This whole 'regulation' speak I'm not good at, in any way shape, or form! some outtakes from the above article quote: The proposed rule would, in effect, require bitcoin exchanges to collect, store and share personal information from users who transfer their bitcoin private keys from those exchanges to their own private wallets, as well as transaction information. The public has until January 4, 2021 to provide written comments to this rule... unquote So, IF, I have this correctly. IF I want to say take USD in and out of www.coinbase.com as an example. The 'buying' and 'sellling' of Bitcoin/Crypto on this site consists of Know Your Customer (KYC) of an ID (like driver's license front and back) and same driver's license or passport with photo ID held up to the head of the individual who owns such, for KYC. Again, as it exists now. So from what I can tell from the above, you'd simply have to have a Crypto Address, say BTC/Crypto whatever (I guess you could just make a new BTC address say) and thus that is on file as your 'proper' address for in/out on Coinbase. I suppose the in/out to addresses I send stuff out on Coinbase now are on the site anyway, so this would simply 'provide' a 'home' address of some type, at minimum, to attach to your KYC. But hell, I'd just make a 'quote' Coinbase Bitcoin address (new) for this. I'd only tell them a 2ndary Bitcoin address if/when I wanted to cash out say a 'paper wallet' or something. As an aside, I would suppose that I could no longer send from Coinbase directly to an 'unknown' not verified address listed on Coinbase with KYC? Anyway, what it looks like so far. Check the article above. Am I missing some 'grand evil tweak' that is gonna bite me in the ass worse than the above? Or is what I say above the 'gist' of it? I could probably do such easy enough if what I say only applies to USA Crypto Exchanges...like Coinbase and KYC in that I only buy from such to HODL more BTC/Crypto dust. Again, also, should the time come I really want to move some BTC/Crypto from say a 'real' private wallet (paper wallet) say...I'd assume you could add a said wallet to your KYC setup above and do so. The whole thing makes me feel a bit 'itchy' and seems 'sketchy' but could what I have above be all there is to it? Limited to USA Crypto Exchanges only? Am I missing stuff or being naive on all this? Anyway, others smarter than me on this chime in on this thread and let me know if I missed something truly evil on all this besides the 'annoyance' I see with KYC above. Feel free to take the poll..but again, chime in, with whatever 'twists' or such this could open up in the future or stuff I'm missing on the downside. Brad |
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Well. as long as I'm making 'dubious' polls on stuff, here is another one. On the 'supposition' that the outgoing Trump Administration and not liking BTC/Crypto in any manner, doing yet more 'dubious' regulations but this time having BTC/Crypto in their sites. They announce the supposed 'clarity' regulations on all exchanges must keep track of KYC (Know Your Customer) on all transactions (both ends) in and out? There is also a 'possibility' of the above is true that everyone in USA would have to declare self-hosting wallets like Bitcoin Paper Wallets and Trezor, etc. Yeah, it would really, really suck. But for now lets just go with the idea that KYC can even be done in/out on a USA exchange vs everyone just ignoring USA exchanges on such a rule and doing KYC on overseas exchanges instead if you are a USA citizen. Well, the first thing, obviously, from this FU BTC/Crypto last gasp of the Trump Administration would be this would not be uncommon. The former Trump Adiminstration is making confusing and dubious rule changes and FUD for lots of stuff before the Biden Administration comes in, just to muddy the waters. Why Not? All of the parties making, in particular, this 'supposed' clarity Bitcoin/Crypto regulation are out of office before Biden swears in as President. So no harm/fall can befall them. So why not? Things that come to mind: Could, if limited to USA Exchanges like Coinbase, even be able to DO KYC for in/out transactions on everything? Especially if I suspect this 'supposed' regulation would go in by 1/1/2021. I think not! Would not the 'push-back' by Gemini Trust and Coinbase and Square etc just stop this 'dubious' last minute regulation in its tracks? Would not the Biden Administration seeing this and all the other 'dubious' last minute executive orders and regulations coming out of the former Trump Administration simply not put a ban on anything done in the last 6 months of the election of such stuff? That is what I'd do to nip this massive FUD in most areas, including BTC/Crypto. Anyway, a small 'horror' story...what if..kinda thing here. What do you think would happen if such was actually attempted and pushed out here before the January 20th, 2021 swearing in of the Biden Administration? Reply below and/or take the poll. Sorry, bored in the pandemic..thus this 'what if" on this 'supposed' soon to be announced clarity of regulation and FUD. links below Coinbase CEO https://www.coindesk.com/coinbase-ceo-trump-administration-may-rush-out-burdensome-crypto-wallet-rulesTrump Administration's take on this. https://www.cnbc.com/2020/12/04/top-currency-regulator-says-to-expect-clarity-in-coming-weeks-on-bitcoin.htmlhttps://www.nytimes.com/2020/02/12/us/politics/treasury-cryptocurrency.htmlhttps://www.marketwatch.com/story/treasury-secretary-mnuchin-says-there-is-strong-support-to-regulate-digital-currencies-2020-12-07U.S. Lawmakers say Back Off! https://www.nasdaq.com/articles/us-lawmakers-tell-mnuchin-to-back-off-from-potential-crypto-wallet-regs-2020-12-09Anyway, your thoughts? Consider taking the Poll! Brad |
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So what do people think is going to happen with Bitcoin Prices with the supposed December 15th, 2020 Mt.Gox settlement and payout in BTC? It seems it may happen more in stages now ..and not dump all at once on December 15th, but who knows? What is your view on the effect on BTC price or whatever? My current 'this or that' and 'waivering' view is (1) 2014 was an early adoption year and a lot of these folk may be long timers and will simply HODL any settlement Bitcoin. Being so frigging early adopters of Bitcoin and continuing since 2014 as to sell would be silly! (2) Mt.Gox was more or less the ONLY exchange at the time, so maybe my view of HODL'ers won't 'Hold" and they will simply look at this settlement after all these years and most accounts will be dust and simply sell. In maybe lots and lots of BTC dust and less about long term hodl'ers on the site..than just everybody, newbie then, newbie still and will dump the works. Hard times these days, etc, etc. But again, if you were on MT.Gox when it closed on February 14th, 2014. https://en.wikipedia.org/wiki/Mt._GoxWith the BTC price the day after on 2/15/2014 of $648.68 I could find on Coinmarketcap www.coinmarketcap.comHell, if for 6 years I was sitting around waiting for say 1 BTC or so, from back in the day on Mt.Gox the last thing I would do is sell. As I would 'assume' most people on the site back in 2014 are still into Bitcoin Today. Of course I know 'zip' just saying. We will be the first to know I guess. Consider taking the Poll. Brad |
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What do folk think of the likelihood of Steven Mnuchin of the Treasury Department under the lame-duck Trump Administration and Coinbase CEO's concern? of them putting in place a requirement that any crypto going in/out of a USA exchange must have KYC to custodial wallets and/or where ever. In other words, I would have to do a KYC on the fact I own my wallet in some manner. I've no frigging idea how that would work on my paper wallets. https://www.btctimes.com/news/us-treasury-may-crack-down-on-self-custodySo a couple of things come to mind. 1) Treasury Department does above, the next Biden Administration simply undoes the requirement from this lame-duck attempt by Truwhip Administration. 2) Treasury Department does above, and as some commentators have suggested only a legislative fix (hard if Republican Senate) could undo such. Thus, if gridlock was to ensue...would take years to undo this. 3) The next Biden Administration, lets it stand, or can't undo such without bi-partisan legislation (gridlock likely under current Senate) Obviously, this is much like China tried to do with their exchanges back in the day, and backed way off and undid most of their rules eventually, IMHO, to me it would just mean USA exchanges would be 'dead' to me and I'd do my 'legal' KYC stuff with an exchange in another country that did not require this extra USA step. What do you think of all of this? I think the odds of this are quite high, Trump has been doing dubious things with pardons and executive orders I don't think he is even fully warmed up yet. Also, IMHO, if this was to stand for any length of time I'd think we'd probably be back to $9-10K Bitcoin again or lower..just from the clusterf*ck or damn near impossible enforcement if you wanted to stay a USA exchange. If such came to pass, and the Biden Treasury department left this in place, it would be easier IMHO for Coinbase www.coinbase.com to locate out of the USA, then for them to keep track of every address on your Trezor wallet for in/out dust of any BTC/Crypto. Add, hopefully, more information you come across on the thread take the poll on BTC price if this was to be implemented likely date of Jan 1st, 2021 if I was putting it out on the world in a lame-duck administration. so it goes Bitcoin/Crypto always drama! Take the poll on what you think BTC price would be if the above was implemented. Brad |
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I have a mess of Bitcoin Forks I keep track of...off of my 'legacy' Bitcoin Addresses...that had enough coin for such to matter back in the day. I was bored. Pandemic and all. Some of those, lesser-known ones, are still worth a few bucks if I'm trolling through old Bitcoin Paper Wallets. So I got to thinking. I know there are a few that have forked off of Litecoin, but how many are 'legit' forks that would match the forked LTC coin at the ratio, you held it on your Litecoin Wallet Address? So far I've found the following below, with links to their existence. I'm assuming the only ones that would pay 1 to 1 on the fork say 'mineable' in the links. I'm using www.coinmarketcap.comLTC or Litecoin https://coinmarketcap.com/currencies/litecoin/ LCC or Litecoin Cash https://coinmarketcap.com/currencies/litecoin-cash/LCP or Litecoin Plus https://coinmarketcap.com/currencies/litecoin-plus/ Don't think it paid forked! So anyway, any others? Not a big deal 100 LCC is 0.2167 cents USD. LOL! Anyway, was bored and curious. Brad |
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This thread is to take a poll of what/where you think the price of Bitcoin will go to price-wise. Crash? Pump? Beat the All-Time High? So OK....I'll start this game. Post if you wish on whichever dubious direction Bitcoin takes in price after my thread here has started...but the premise is: Currently, it takes xxxxxx amount of Bitcoin to be worth $1,000,000.00 USD (ONE MILLION DOLLARS!) ---------------------------------------------- USE FORMAT BELOW: ----------------------------------------------- Today's Date: Today's Time: Forum Default Time On Posts When Posted On Thread! No Need To Add Time. Just Be Aware! Current Price: Total BTC Needed: BTC --------------------------------------------------- Use http://www.coinmarketcap.com--------------------------------------------------- Someone should be able to just scroll through the thread in the above format and see how the price goes round and round day by day! So let us see..where the 'bouncing' price goes! UP! Down! Sideways! All! (It could do all it is BTC by the by and very mysterious IMHO) Post the current 'piece of time/date' below in the above format...and we will see how roundabout BTC goes price rise over the next days/weeks/months. Thanks! ! Brad edit: Time Zone(s) may be an issue. Forum Default Time On Posts When Posted On Thread! No Need To Add Time. Just Be Aware! Corrected my post below. |
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https://www.youtube.com/watch?v=vgMe1tTHpH0So question? Is Voskcoin making the right choice for a solar mining farm and house on 50 acres. Not a slam, on Vosk..he likely will pull it off, but the thread is can Vosk pull this off with POW miners? I'm unsure, IMHO, my view is that 'maybe' POW mining is dead for even the sized project Voskcoin wants to do...may be too small. In other words, are the 'big boys' going to wipe out even something the size of Vosk's Solar dream? Or the usual question, would you not be better off just HODL'ing coin? Anyway, your talks on if Vosk can pull this off? Is his reasoning based on his channel income mostly to keep that going? Discuss here, I myself think he has big brass ones! Consider taking the poll here. Brad edit: by the by, in the youtube video above he states he is going to try to only run the miners during the day on solar...again...I'm unsure how this boat will float..but your thoughts here on how such could work (or not) please post here. Perhaps I am behind the curve and solar is at a point where even I too could toss some panels on my house, for my own use, to mine and it makes sense. Currently, Xcel in the Midwest USA will ONLY buy back 10% of my previous average for 1 year of electric use...and they re-check this average every 6 months...thus at $60 a month now for a bill...they would pay me $66 MAX and take the rest of the electricity back for free to them. Yeah, nice rackett...so the key here is a solar arrangement that is completely separate from Xcel... ie not dependent on the meter.....which seems to be what Vosk is trying to do as well for the most part. Anyway, again comments and posts please. Don't forget the poll!
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Here folk can put some 'modest' stories of ...what may have been very sensible...back in the day on a Bitcoin Purchase which is just 'crazy' today. As an example, I sent Lightfoot, here on www.bitcointalk.org I think it was 1.5 to 2.5 Bitcoin to have some KNC Titan Scrypt Miner cube boards repaired. Ack! On the other hand, on the 'brief' time..I think it was 2015 and PayCoin was making it's POW mining 'set-up' for the coin to setup for POS coin network... for 1 week to set it up as a 'supposed' POS coin (was a scam) ..I converted all that PayCoin to BTC and that was like 0.66 BTC as the last 'life' of my 2013 KNC Jupiter Miner...which may have already been 'off' for a year..but they were doing this on a sha-256 blockchain ..so what the hell, I thought. Fire up the KNC Jupiter Toy! So I have to keep the faith now in case in the next 3-4 years we again have another 10x repeat in value for Bitcoin! I need to 'accumulate' BTC Dust! I have a 'mess' of dubious losses of BTC on dubious stuff. Post your 'regrets' here. Take the Poll. Brad |
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Just an aside on how 'not to' retire on BTC/Crypto using the ATH as a guide and my 'kool-aid' drinking 'mistakes' in how I went about doing this. On Jan 14th, 2018. Be aware of the ATH returns (likely) and plan your real-life situation closely to account for such. Below is how I decided to 'retire' at the ATH ...but in 20/20 hindsight could have done a 'much' better job looking down the road with my circumstances. It all has worked out...but I was more than a bit naive and blinded by the ATH and such. Anyway, my retirement experiences below and/or how to maybe look down the road and not get a 'bit' as bad as I did, in 2018, even though in my circumstance it was the right thing to do. So anyway, On a more serious note, then me 'lamenting' in denial the existence of BTC Hodl'er 'Gold Diggers' I decided to retire with BTC/Crypto on December 17th, 2017...at the All-Time-High of $19, 184.12 on that date. www.coinmarketcap.comWith this amount of $$$ at the time with a BTC price and with no debt and house paid off..it made quite a 'buffer' to retire 3.5 years early on BTC/Crypto. This was in addition to above no debts and an 'emergency' set of 'traditional investments' in the 'wings' as a backup. I had to give a month's notice to my former employer, so I was out the door on January 14th, 2019 at a price of $13,665.02. I exclusively lived on Altcoins (mostly) I had laying about. I did have to resort at the lows of $3,900 and 'dumped' 13 BTC...of which I've gotten 5 BTC back. So from the experience down 8 BTC at that price. Ouch! On the other hand, it allowed me to 'retire' on Bitcoin/Crypto 3 years and 1/2 years earlier than the full 66 years and 2 months Social Security retirement. BTC/Crypto Thus, the BTC/Crypto I have lived off of since January 2019...when I flipped to 'full' traditional investment and bleeding out no more BTC/Crypto to be burnt so far. The reason I mention above is even though I'm down 8 BTC at the 'stupidly' low price...it did allow me the following: 1) No more work...the stress of not dealing with managerial idiots and with the usual work problems and wage-slave issues of such..is well worth losing 8 BTC alone! 2) With the BTC sold was a 'panic' sale on my part to get through till 66 years and 2 months in addition to the altcoins...not a bright move, but understandable. 3) Traditional Investments/Paid off house/No Debts..came through in Jan of 2019 so was off the BTC/Crypto 'spend' wagon...so only did about 2 years living on BTC/Crypto, of the 3.5 years, so there is that. Sometimes stuff plays out in your favor, despite 'panic' (see 2 above) 4) Got to drive to folk's home town and visit them for 2.5+ years more often due to placement in assisted living and eventual nursing home. If I had not retired these 3.5 years early that would have been tragic indeed! 5) Got to 'wrap' up mining business and get out of such with CPA, in 2019...thus, if not clearing all that up at the right time, I was not too late either! So as you say, real-life issues have to be taken into account. I was 'naive' like a lot of us when it hit $19k, but now that I don't need to live on BTC/Crypto to stay retired and Soc Sec kicking in June 2021...well...I can let it ride..even down to below 10k now with no lifestyle or real-life changes But, in 20/20 hindsight when I thought to retire if the price was already at 10k if we would have had say ..had dropped from $19k to below $10K ...I likely would NOT have pulled the 'trigger' on that 8 BTC and just stayed working. Which in 20/20 hindsight and the 3-year changes at my workplace and the lack of contact with my parents' situation and passing...I indeed would have had much more in regret than those 8 BTC then the loss of 3 years as freedom from being a 'wage slave'. So remember, some of us on here 'are' older or have had time to get out of debt and other means to 'slide by' as we HODL BTC/Crypto. But it took the ATH for me to 'pull the trigger' and retire and spend some BTC/Crypto to retire early, mainly by ATH and circumstance, so if you want some advice....look around if your situation is like mine and see what you MAY be able to pull off in a real-life situation without regrets if you need to do so. The ATH and kool-aid drinking thoughts when I retired..that Bitcoin would never dump below 10k again ...well... were naive...now that I don't rely on BTC/Crypto 'in' my modest retirement it could dump to under 10k again and I'd likely still HODL..but for others this may not be the case. So in 2020 hindsight, I did make the right play in selling those 13 BTC of which I've scrambled 5 BTC back and am really down only 8 BTC...but I'd do it at a 'more' sensible price than $3,900 for crying out loud. So by all means HODL coin, but let your circumstances dictate if you have to sell some BTC/Crypto for real-life issues and/or in my case minimize completely large dumps in BTC/Crypto prices as being 'irrelevant' to your living situation. I stumpled into retiring at the ATH and selling to low to maintain such. Again in 2020 hindsight no regrets but shoulda/coulda done the same thing with a bit more planning. Anyway, the longer you are in BTC/Crypto the more insights you have..thats for sure. Brad |
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Found a really, really, lame scammer attempt...I mean 'laughably' lame indeed! www.asicline.comclaims the usual 'unicorn dreams and rainbow farts" of a 3 dual miner at 650 watts see the fantasy specs below: FirstLine 5000 USD Bitcoin 410 TH/s Litecoin 60 GH/s Ethereum 8 GH/s Monero 3 MH/s Power consumption 650W Power Socket 110V-240V Algorithm Multi-Algorithm CHIP 5nm ASIC Networking connection mode RJ45 Ethernet and Wireless PSU Integrated 2 Years Warranty Notice the 'newbie' attempt at a scam. Combo miner, 3 coins even you can do, BTC/ETH/LTC/Monero with a power consumption that never changes at 650 watts! that it can even RUN at 410 TH at 110volts! The un-heard-of-fairy-dust dream of 2-year warranty! I especially like the 202 area code for Washington D.C. with the mailing address in Minnesota! There online calculator I actually kinda like..and it shows the 1st month the following...(I wet dream wish this was so!) Such, lame 'newbie' miner buy 'ripoff' skils...I mean do even 'scammers' have to pride in their work anymore? https://asicline.com/calculator/So it shows for Bitcoin Miner at 410TH and 650 watts a profit of $2,093.33 a month! I frigging wish! Anyway, thought I'd put this up for a laugh on how bad a job they did. No pride in scmmer work anymore. Brad |
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