About "HODLing", a friend told me that it might be better that you should never tell ANYONE, including you very close/trusted friends and family, how much you have invested in Bitcoin, or how much you are passively making. Sometimes you might feel jealousy if Bitcoin is surging, and during other times, you might feel that they are happy if it's crashing.
+1 It's usually a lot of money and you don't want to attract attention. MO coinz MO problemz.... |
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Bitcoin can rise fast like $4000 to $60000 in a year. This kind of crazy rise usually happens once a cycle and many can't comprehend this kind of increase but bitcoin veterans know the FOMO well.
So an estimate of (2x)$94,000 to (12x)$564,000 is very achievable.
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Just reading about the new EU rules they are considering.
I can understand registering transactions to and from €uros. Proof of ownership to stop criminal money and all...
But if they want us to register each transaction then they should do the same for cash money. Basically turning the EU in Hitlers fourth reich.
And maybe I'm a dumb fuck for stating the obvious but all transactions are recorded....it's called the blockchain...
In my country there is no legal requirement for persons to keep any books or record of transactions (only for companies) so there are going to have to big changes in laws.
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Since the last few months bitcoin has experienced a very deep price correction from the price of the ATH level. But right now, the bitcoin price has continued to rise until it has risen to the current $44k range. Therefore, if the target price for this year is $100k, then I think it will be difficult because to reach the target price of $100k there needs to be a long rally and strong support from the crypto market. however, if the uptrend continues, bitcoin could hit its $100k price target at least next year.
Constantly good news from the Russian side: Russia considers accepting Bitcoin as a payment when selling oil and gas to their friendly countries and now they are ready to adopt bitcoin and crypto in the economy their. I hope bitcoin will hit 50k in april and no further drop this year. 100k$ its not difficult with bitcoin but certainly not this year it will take one more super cycle for bitcoin to hit 100k$. I am having some troubles - especially with your last line. You are recognizing that BTC prices are not far from $100k.. but also seeming to suggest a need for some kind of exponential event. Remember BTC prices have already made it to $69k.. and thus $100k is ONLY about a 45% increase from that $69k price. Yes, we are currently at a bit more than $44k, so $100k would be right around 125% price rise from here... Yeah, such price appreciation up to $100k would not be a cake walk, but I would not presume bitcoin to be incapable of decently correction minimized price jumps of 5x-20x within relatively short periods of time. Current market cap does not cause those kinds price runs to be out of the question, even if such price runs are likely to be lower chance events... in other words, it seems that people who speculate about $100k as being some kind of outrageously high price for bitcoin in which everyone is too rich to sustain it, seem to be failing refusing to recognize that people had similar ideas about $10k - especially in 2015, 2016 and 2017.. and even when many faces were melted.. bitcoin got to $10k and even doubled $10k for a short period of time without a whole hell of a lot of effort - even though it took another 5-7 years before $10k became a not too likely to be seen again bottom.... good luck to anyone still waiting for BTC prices in the $10k arena, even though not that long ago, $10k was a pretty difficult to imagine price for a lot of folks - beyond the seemingly bitcoin delusional. I would agree, but I don't think it is all too much about the "if" here. Rather about the "when", taking into consideration shenanigans as they are about to be approved by the European Union. I think that does slow down the almost inevitable increase in Bitcoin's price on its way to 100k. Making unhosted wallets such a pain in the ass is bad and will slow down adoption. People here might know when and if to pass KYC and so on. But those from Europe who are new to crypto and like the idea of setting up their own wallet and play around, if they now have to go through KYC for every address they set up for themselves, that sucks so much! Aren't we even well advised to set up new addresses frequently in order to preserve privacy? Now you soon might be forced in the EU to get them all verified, Imagine the hassle! I repeat myself, but I guess that is a pretty big bump in the road to 100k.  The whole KYC thing has been here for a while with normal bank accounts. IMO if you can vouch for the source of your coins and the fact that you've paid taxes on them, then there's not a big problem. If countries can tax crypto and prevent crime then there is no reason to stop it's adoption as legal tender. But yes if you got them from ISIS, selling drugs or hacking MtGox then it's going to be problematic. And I agree that it sucks if you have to jump through hoops to be able to buy/sell your funds. I am not sure in how far you are aware of the details, but Brian Armstrong laid them out pretty well on Twitter and doing some research on that, it's true what he writes. It is as if you would have to show your ID card for every single transaction that involves cash. Even worse in crypto, you have to undergo a KYC procedure for every wallet address. Every transaction from 1000 Euro onwards must be reported to authorities, even your rent payment. As Armstrong says, even if you send your cousin who suffers from an emergency some money. It is pretty crazy if you ask me. Proper blockchain analytical tools might be much better here. The examples you mentioned probably involve a little more money and the ordinary Joe could still live an ordinary life. Transactions or transaction clusters involving ISIS are probably exceeding 1000 EUR slightly. Even if smartly funneled, I guess analytical tools could catch them while still allowing other, law abiding people to transact with one another without getting X-rayed permanently. To me this is going too far. It won't stop Bitcoin, but I stick to my statement that it could slow down adoption by quite a bit as I don't have to go through all the hassle if I stick to fiat. Since I've been under review lately for another matter I've done research for my country. Any bank, accountant or company must report unusual transactions like big sums of cash money etc. They need to look into the source of the funds because they are on the hook if they support terrorism or fraud. If you the holder of the assets can explain yourself there is no problem whatsoever. If they don't believe you they refer you to the financial fraud division of the country. They can choose to take up the case and look into it and if a crime is committed then indict you. All this said you need to know who your customers are. Nobody needs to report their assets or accounts but you will get questions when cashing out a shitload of €€€ Any owner of financial assets need to be able to explain the source of the money. But that's how it works in my country.... So for bitcoin in my country it's best (not required) to provide a transaction history with a reasonable source to your assets. |
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After the experiences that I have learned from the market since 2018, I realized that “buy the dip and hodl” is the biggest, simplest lesson to make money and become rich. This is also the vision that Saylor or Co-Founder Luna sees. I realize staking for something big in bitcoin in 3-5 years is great
I realized this in 2014 and even though you see all the missed opportunities you see your pocket money turn into real big monies  HODL is covering time into money "Missed opportunities" with shitcoins are merely missed opportunities for short term/medium term trades which doesn't give the "trader" any assurances for profit. Plus many of the shitcoins, almost 100%, are not developing their protocols for the Science. They're merely swindles to take your Bitcoin from you. With "Missed opportunities" I was referring to selling high and buying back low. Tried it but you can make and lose a lot. And when the trading platform gets hacked you lose everything. HODL is sub optimal but safe and easy. Shitcoins are a whole different ballgame. But that said my ETH has made more percentage than BTC. But BTC will always remain my main HODL. |
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I'm hoping for >400k which should be achievable  |
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Since the last few months bitcoin has experienced a very deep price correction from the price of the ATH level. But right now, the bitcoin price has continued to rise until it has risen to the current $44k range. Therefore, if the target price for this year is $100k, then I think it will be difficult because to reach the target price of $100k there needs to be a long rally and strong support from the crypto market. however, if the uptrend continues, bitcoin could hit its $100k price target at least next year.
Constantly good news from the Russian side: Russia considers accepting Bitcoin as a payment when selling oil and gas to their friendly countries and now they are ready to adopt bitcoin and crypto in the economy their. I hope bitcoin will hit 50k in april and no further drop this year. 100k$ its not difficult with bitcoin but certainly not this year it will take one more super cycle for bitcoin to hit 100k$. I am having some troubles - especially with your last line. You are recognizing that BTC prices are not far from $100k.. but also seeming to suggest a need for some kind of exponential event. Remember BTC prices have already made it to $69k.. and thus $100k is ONLY about a 45% increase from that $69k price. Yes, we are currently at a bit more than $44k, so $100k would be right around 125% price rise from here... Yeah, such price appreciation up to $100k would not be a cake walk, but I would not presume bitcoin to be incapable of decently correction minimized price jumps of 5x-20x within relatively short periods of time. Current market cap does not cause those kinds price runs to be out of the question, even if such price runs are likely to be lower chance events... in other words, it seems that people who speculate about $100k as being some kind of outrageously high price for bitcoin in which everyone is too rich to sustain it, seem to be failing refusing to recognize that people had similar ideas about $10k - especially in 2015, 2016 and 2017.. and even when many faces were melted.. bitcoin got to $10k and even doubled $10k for a short period of time without a whole hell of a lot of effort - even though it took another 5-7 years before $10k became a not too likely to be seen again bottom.... good luck to anyone still waiting for BTC prices in the $10k arena, even though not that long ago, $10k was a pretty difficult to imagine price for a lot of folks - beyond the seemingly bitcoin delusional. I would agree, but I don't think it is all too much about the "if" here. Rather about the "when", taking into consideration shenanigans as they are about to be approved by the European Union. I think that does slow down the almost inevitable increase in Bitcoin's price on its way to 100k. Making unhosted wallets such a pain in the ass is bad and will slow down adoption. People here might know when and if to pass KYC and so on. But those from Europe who are new to crypto and like the idea of setting up their own wallet and play around, if they now have to go through KYC for every address they set up for themselves, that sucks so much! Aren't we even well advised to set up new addresses frequently in order to preserve privacy? Now you soon might be forced in the EU to get them all verified, Imagine the hassle! I repeat myself, but I guess that is a pretty big bump in the road to 100k. The whole KYC thing has been here for a while with normal bank accounts. IMO if you can vouch for the source of your coins and the fact that you've paid taxes on them, then there's not a big problem. If countries can tax crypto and prevent crime then there is no reason to stop it's adoption as legal tender. But yes if you got them from ISIS, selling drugs or hacking MtGox then it's going to be problematic. And I agree that it sucks if you have to jump through hoops to be able to buy/sell your funds. |
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Cool. What kind of car?
 Best value for money. Might save your life one day everyday. Maybe moving out of El Salvador is cheaper  |
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The only thing holding back bitcoin is the amount of money that needs to get injected.
The bigger bitcoin gets the more it needs to go higher.
For now COVID etc. has limited what people can invest and it's all been on the low low last two years.
Hope some ETFs and other financial instruments get released and adoption continues and bitcoin gets attention again ...
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If so they won't be able to spend it so they will be unwilling holders.
But having governments buy BTC to pay for Russian oil and gas also sounds like an uptrend.
Everyone still needs oil, and even wheat that Russia provides. So, it is not really that much of a big trouble for Russia to be sanctioned off right now. It reached like 130+ ruble per dollar at one point, and it is back to 81 or so all over again. This is a proof that even sanctions couldn't hold them off. Why? Because, they have something the world needs, which is energy and with that, you could control the markets all by yourself. I do not think they even need crypto to be fair, but if they do that, it would mean that they could sell stuff to other nations in bitcoin, and other nations wouldn't need to get ruble to pay them at all, which would allow everyone to get rid of dealing with ruble. +1 But they could sanction Russian bitcoin accounts and sanction anyone taking bitcoin from them. It's all in the blockchain. Best case scenario is what always happens in Russia. A general or other high ranking person takes out the president and claims to be better for the people and Russia takes a 30 year breather... Sanctions get lifted.... |
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After the experiences that I have learned from the market since 2018, I realized that “buy the dip and hodl” is the biggest, simplest lesson to make money and become rich. This is also the vision that Saylor or Co-Founder Luna sees. I realize staking for something big in bitcoin in 3-5 years is great
I realized this in 2014 and even though you see all the missed opportunities you see your pocket money turn into real big monies HODL is covering time into money |
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What happened to the big blockers BTW? No one seems to talk about big blocks anymore... Have they all seen sense? bcash LOL is #25 on CMC, trading at under 1/10 of its ATH <--- LOL indeed!  Pedocoin BSV is #63, trading at under 1/4 of its ATH... Such wow!  Serves them well. They thought they were so smart and wanted to change the code... Suck your forks now, you fuggs! There's a reason Satoshi set an upper limit on block size. yeah so LN could come in and turn btc into a pos hybrid coin. we are yet to see if LN will damage or save BTC . 2024 = 3.125 btc a block 2028 = 1.5625 btc a block 2032 = 0.78125 btc a block now I am not saying btc simply rises in price fixing the miners profit issues. I am saying we don't know if the LN will save btc and its scaling issues over the next 10-16 years There are top devs working on Bitcoin. Bitcoin will adapt and solve these issues… |
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Someone publicly says that they will buy BTC worth $10 billion, and the price of BTC increase by only a few% - it seems that there are millions of BTC on the market waiting to be sold - luckily for everyone Satoshi seemed to be a fan of the Blackjack considering it was all based on number 21 You’re such a rotten lying bastard, that I cannot even get my head round it. How dare you insinuate that Satoshi got the 21 thing from … blackjack. An extraordinary brilliant mind, that freed the world from its monetary slavery, was a gambler? Go fuck yourself. And whilst you’re at it, take that circle jerk merit club bitch with you. Glory to the heroes … he wrote, like, for real? So pathetic I can vomit. For all we know it could be a reference to the amount of kilotons on the Nagasaki bomb  https://en.wikipedia.org/wiki/Fat_Man |
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Where we at WO’s
First right = merit worthy
Exact name of the place.
Look like Palma, Grand Canaria, but I am not sure...
I am driving! Cannot do the right fuckery!Tenerife. Close to the Mirador Barranco De L'inferno. Looking for the exact stone!Barranco de Las Torres: Congrats! Very good. I'm satisfied that i was correct with the volcanic stone and lava landmarks, i would probably have failed to find the location, especially in a "italian standoff"
Nice fillippone!
I had a quick look yesterday before I got to doing my errands and I thought I saw some really large solar panel installations which lead me into the weeds (speaking of which I also noticed the prickly pear cactus which is not native to Europe). Turns out they're not solar panel installations at all; they are sprawling greenhouses.
To me they looked like (bird, deer...) protection nets, typically used in vinyards and fruit plantations. I'm amazed that I was that close with my initial guess |
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 Where we at WO’s First right = merit worthy Exact name of the place. Random guess La Palma, canary islands |
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Does it mean that UST would be backed by USD and BTC goes in addition or a stablecoin is only backed by crypto?
IMO it seems like a bad idea since with a BTC price change we may have gaps between its value and token emission. Collateral value would also go down quite fast during the bull run. Therefore we can easily get in situation where a part of stablecoin supply is backed with nothing.
The Bitcoin reserve will have to be way bigger than the token emission,but such stablecoin projects would never resist the temptation of doing fractional reserve banking(issuing 100M USD worth of tokens,which are backed by 10M USD worth of Bitcoins). That's the main problem with stablecoins-fractional reserves. What would be the main purpose of Terra,since we already have Tether?Does anyone think that the crypto exchange platforms will suddenly dump Tether and replace it with Terra?What's the point of this? Tether could easily beat Terra,just by replacing a part of their USD fiat reserve with Bitcoins(if they really have a big USD reserve). Terra doesn't offer anything new in terms of innovation and convenience.Maybe it will turn into another pump&dump shitcoin. +1 Say you are launching something great Get investors on board chipping in millions Buy coins for $$$$$$$ Watch price go up-up-and-away Say it’s not going to plan Give investors money back plus interest Keep the rest Buy a yacht |
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If so they won't be able to spend it so they will be unwilling holders.
But having governments buy BTC to pay for Russian oil and gas also sounds like an uptrend.
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Why so pessimistic on the price? I'm predicting $120K by year end and that's conservative
Because we're not going to see that kind of price until closer to next halving. Halving are always the lowest point in the logarithmic curve. I think we will be pumping to 100k soonish |
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A short report on my magical E3 spark plugs.
Various users of older cars have reported one or more of the below.
Smoother idle.
A feeling of better torque.
quieter engine.
better milage.
Does mine idle smoother? Maybe a little bit when it's up to working temperature, but it's marginal at best.
Better torque? No definetely not, if anything it's a little bit more sluggish.
Quieter engine? Yes oddly enough, it is a little bit more silent.
Better milage? well that remains to be seen.
Bro tips for those problems on older cars before replacing spark plugs : - Clean your idle control valve if you have one - Check for vacuum leaks like hoses and gaskets - Your MAF could be dirty or defective I have checked all of that except the MAF (or LMM as we call it), I do have a new MAF I'm going to install later on, but I'm doing one thing at the time so I can se if each thing I do makes any difference. LMM... Just realized we live in the same country ;-) LuftMasseMätare? Guess I was wrong :’( Lucht Massa Meter |
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A short report on my magical E3 spark plugs.
Various users of older cars have reported one or more of the below.
Smoother idle.
A feeling of better torque.
quieter engine.
better milage.
Does mine idle smoother? Maybe a little bit when it's up to working temperature, but it's marginal at best.
Better torque? No definetely not, if anything it's a little bit more sluggish.
Quieter engine? Yes oddly enough, it is a little bit more silent.
Better milage? well that remains to be seen.
Bro tips for those problems on older cars before replacing spark plugs : - Clean your idle control valve if you have one - Check for vacuum leaks like hoses and gaskets - Your MAF could be dirty or defective I have checked all of that except the MAF (or LMM as we call it), I do have a new MAF I'm going to install later on, but I'm doing one thing at the time so I can se if each thing I do makes any difference. LMM... Just realized we live in the same country ;-) |
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