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1  Economy / Speculation / Re: If Dow Jones falls 80%, bitcoin will fall 99% ? on: June 14, 2022, 05:27:21 AM
S&P 500 has fallen 4% per day and 8% per week (Bitcoin 15% per day and 25% per week), and Binance has already paused withdrawals...

Lets imagine what will happen if the fall is (remarkably) bigger !
2  Bitcoin / Bitcoin Discussion / Re: Bitcoin Pizza Day 2022 on: May 22, 2022, 05:03:50 PM
<snip>
If happens, it will be a great even on the forum.

I would like to forget about it, the biggest mistake in my life. I don't want to talk about it in rest of my life if I was lazlo
Mate, this was not a mistake and Lazlo himself doesn't consider it as the biggest mistake of his life. I have watched his interview and he said he's not regretting his actions. He has embedded his name in bitcoin as long as bitcoin lasts, as the first man to make a bitcoin transaction.
Also consider this;
As at when Lazlo bought his pizza, btc was worth about $0.004 and 10,000 of it should be about $41. So, it still easy for anyone to buy two pizzas with $41. Even if he didn't spend it for pizza, eventually he would have blown it on other things.

2010 (May 22) $0.004
2012 $5
2014 $450
2016 $450
2018 $9000
2020 $9000
2022 $30000

Great chart! Hope it's right. We'll see if the trend continues...

Be ready to hold 2+ years before we break above 30k?

The first 4 years (22 May, 2010 - 22 May, 2014) brought ca 100000 times rise (0,79% per day),
the second 4 years (22 May, 2014 - 22 May, 2018) brought ca 20 times rise (0,21% per day),
the last 4 years (22 May, 2018 - 22 May, 2022) brought ca 3 times rise (0,08% per day).
3  Bitcoin / Bitcoin Discussion / Re: Bitcoin Pizza Day 2022 on: May 22, 2022, 11:55:40 AM
<snip>
If happens, it will be a great even on the forum.

I would like to forget about it, the biggest mistake in my life. I don't want to talk about it in rest of my life if I was lazlo
Mate, this was not a mistake and Lazlo himself doesn't consider it as the biggest mistake of his life. I have watched his interview and he said he's not regretting his actions. He has embedded his name in bitcoin as long as bitcoin lasts, as the first man to make a bitcoin transaction.
Also consider this;
As at when Lazlo bought his pizza, btc was worth about $0.004 and 10,000 of it should be about $41. So, it still easy for anyone to buy two pizzas with $41. Even if he didn't spend it for pizza, eventually he would have blown it on other things.

2010 (May 22) $0.004
2012 $5
2014 $450
2016 $450
2018 $9000
2020 $9000
2022 $30000
4  Economy / Speculation / If Dow Jones falls 80%, bitcoin will fall 99% ? on: April 13, 2022, 07:27:51 PM
It is remarkable that during all these 13 bitcoin years (2009-2021) we have witnessed no big stock market crash - the fiat money mass has only increased and increased.

During this period there have been no years like 1929 or even 2008. But when the last remarkable stock market fall emerged (in March 2020), bitcoin fell much more than major stock indexes...

How sharply will bitcoin price react to the next Big Crash ?
5  Bitcoin / Bitcoin Discussion / Happy 13th Birthday, Bitcoin. You are a teenager now! on: January 03, 2022, 12:01:09 AM
For this important milestone you have achieved many things...

You have more than 100 million owners.

You are a legal tender of a country (El Salvador).

90% of Americans have heard about you.

Your market cap is around one trillion USD (it is close to the biggest companies and only 10 times less than the market cap of gold).   

Your price has increased about 50 million times (from 0.001 USD to 50 000 USD). 


Not bad for this short time period (3 January 2009 - 3 January 2022).
6  Economy / Economics / Re: How far is bitcoin from full adoption (100% mass adoption)? on: December 20, 2021, 06:51:38 AM
What do you mean by "100% mass adoption"?
I'm not even sure what the term adoption means, much less 100%.  Does adoption mean someone is using bitcoin as a substitute for fiat?  Does it mean they're using it as an investment?  Is it that they just own some for whatever reason?

That's why sometimes it's important to use concrete metrics instead of broad terms like "adoption". For example, we can look at Bitcoin's usage for consumer transactions and compare it to use of Visa, or compare how much people hold Bitcoin and how much people hold gold or other assets that are traditionally viewed as a hedge against inflation. Also the volumes are also important - so here we can look at Bitcoin's share in investment portfolios, volume of consumer payments, etc.

The idea behind the question was to compare Bitcoin and usd. The usd adoption is around 50% in the World.
7  Economy / Economics / Re: How far is bitcoin from full adoption (100% mass adoption)? on: December 20, 2021, 06:37:16 AM
First, Bitcoin will never get to 100% adoption, of course. Similar to cash vs cards, not everyone is living in a cashless society, and it will never happen. People will always use cash for different reasons.

Let's try to estimate where it is today.

Current population is about 8 million

There are about 800 thousand active Bitcoin addresses. Of course there are users that are not moving their coins which are not counted here, but also there are probably more than one active address per user, so those might even out.

That's about 0.001%

I reckon the real number is around that level, considering the whole world.

I agree, this is a strong argument for very small rate (0.01%).

But there are other important indicators as well. For example: the ownership of Bitcoins. More than 100 million people have Bitcoins now - it makes about 1% of the World population. Of cause, owning does not equal full adoption.
8  Economy / Economics / Re: How far is bitcoin from full adoption (100% mass adoption)? on: December 19, 2021, 09:34:17 AM
What do you mean by "100% mass adoption"? When all people in the world switch to Bitcoin? Then it would just be "share of global population that uses Bitcoin". Or is it percentage of some theoretical maximum of Bitcoin adoption? And what do you mean by adoption? Does it mean owning any amount of Bitcoin? Or does it only count if you regularly use it as a currency?

"100% mass adoption" means that all people in the world switch to Bitcoin.
9  Economy / Economics / How far is bitcoin from full adoption (100% mass adoption)? on: December 18, 2021, 03:20:27 PM
 Please answer, how do you feel about it...
10  Other / Off-topic / Re: I took this blockchain from $12,000 to $25,000,000 in three months, Read on.. on: December 08, 2021, 10:07:49 AM
Does this coin has a faucet?
If yes, please post the link to it  Tongue
11  Economy / Speculation / Re: BTC $143k USD in DEZ a JAN on: December 06, 2021, 10:18:35 AM
Good afternoon, I would like to show some calculations and analyzes based on the active addresses of bitcoin, halving, rewards and price. And from that, design a price for the end of the cycle.

Let's go now for an onchain analysis, analyzing active addresses, Bitcoin prices, halving and my psychedelic thinking.
I will take it easy and I will detail everything so that understanding is easier, because if you get lost on the way, it will be difficult to understand.
First of all, everyone knows that every 4 years BTC halving takes place, which the first was in 2012, then 2016 and 2020, and with each halving the BTC reward decreases by half (2012 -25btc, 2016 -12 , 5btc, 2020 -6.25 bt.

After that introduction, let's go to the calculations, in August 2012 btc was worth 10 dollars and had 221,404 addresses(wallets) active, dividing that number we have a GV( acronym I invented) 221,404 / 10 = 22.1k, at the end of the discharge cycle in 2013, a year after halving, the price was $ 900 and there were 677,484 active addresses, we then have a GV of 677,484 / 900 = 752, dividing the 2012 GV by the 2013 GV we have 29, remembers the reward number ? We then have 29 GV | 25 (2012 reward).

In August 2016 - we have 2,498,538 active addresses and a price of 611 dollars, with a GV: 4089, in December 2017 - 6,279,188 active addresses and a price of 19,179, 6,279,188 / 19,179 = G. Remember the other Bitcoin reward number? 12.5 * - *

In August 2020 — we have 5,092,567 active addresses and a price of $ 11,700, 5,092,567 / 11,700 we have a GV of 435, the number of addresses of the year of halving pro pico da alta is usually double , so we have a total of 10,200,000 addresses on average, remembers the reward numbers, the GV of the peak of the high is usually the GV of the halving divided by the number of the reward, that is , 435 / 6.25 = 69.6.

Finally, we took the number of active addresses of 10,000,000 and divided it by the value 69.6 to deduct a supposed high value between December and January, which would give 143k.
Adjusting some variables, we have an average of 120k to 143k dollars at least for the end of the bitcoin rise in this cycle.

There are many other analyzes, which have different objectives, the main ones are to know even the moment that we are in the btc cycle in order to enhance profitability. Remember, don't try to guess the price of btc, but have a long-term thought, and invest a bigger money just in the pessimistic moments where smart money comes in.
att FakerBTC, soon more psychedelic thoughts for btc.

In the medium are the images proving the price of bitcoin at the time and the active addresses, the website was used https://glassnode.com.
My contact:
https://medium.com/@fakerbtc/btc-fakeradress-ef78e0682236
https://twitter.com/fakerbtc

Hi soulmate! It is indeed useful to imagine that Bitcoin can go to 100k or even 150k usd before falling nearer to its fundamental value that is determined by its quality (adoption rate).
12  Other / Off-topic / I have a dream - free bitcoin lottery with 1 million BTC prize on: December 05, 2021, 07:20:26 AM
I imagine that there will be a lottery that costs nothing to participants and makes the winner the (first) real bitcoin millionaire, the richest man of the world. Not one of the richest, but the richest one with no doubt.

The idea of this lotto is basically the same as https://freebitco.in/ : every entry will give some free satoshis and participants can play a Multyply-BTC lottery with these satoshis.
Only the maximum prize of the lottery will be 1 million bitcoins (contrary to only 20 bitcoins as in https://freebitco.in/ today). The probability of winning this huge prize will be about 1: 100 000 000 000 000 per entry.

Nowadays the biggest fiat lottery prizes are about one billion dollars. This bitcoin lottery will give out 50 billion dollars in nowadays BTC/USD exchange rate. But if the bitcoin will become the world first currency then the prize in fiat can exceed even one trillion dollars or TEN THOUSAND TONS OF PAPER FIAT (one 100usd bill weights 1 gram) - the winning amount that is worth its name !

The source of the prize money can be donation or advertisement incomes. As there are no bitcoin millionaires now then the number of donation-makers has to be more than 1.

I bet this project is worth the life work (in Estonian: see ettevõtmine on väärt elutööd).
13  Other / Off-topic / the KEYWORD game: turn your valuable keyword into money on: November 30, 2021, 10:09:41 AM
As we know some words are very valuable in proper place and time. For example, the keyword BITCOIN was worth millions in 2009-2010.
But it is very difficult to directly sell such valuable keywords.

Therefore I suggest the following game...
If you have such potentially valuable keyword (or -phrase), then please write it here and add the address where we can donate to you crypto.
14  Economy / Speculation / Re: Bitcoin price: with 12 years from nothing to maturity on: November 26, 2021, 09:30:49 AM
This thread gives the best of the value difference between years. The same level of variation could happen after years. After this same time period we can see similar level of growth. The same is being mentioned through a small meme post.



Very good picture!
But it is not suitable for bitcoin nowadays. Unless a huge price crash happens, bitcoin can not be a very good investment in 2020s even with the best scenario (mass adoption, becoming the only currency of the world), because this scenario is already taken into account by many many people.

This picture is suitable for some other asset. This asset has to have one important (demand side) characteristic - it has to be unrecognized by (almost) everybody. In other words: it has to seem worthless like dust or bottle tops, electronic or not.

Really good investment smells like a joke. Nobody takes you seriously when you talk about it Tongue
15  Bitcoin / Bitcoin Discussion / Re: Intrinsic value of Bitcoin and Gold on: November 06, 2021, 06:16:18 AM
Although Bitcoin might achieve more value in the short run, it is guaranteed to be worthless someday. Maybe not today, maybe not tomorrow, and may not for centuries, but eventually, it will be worthless, and we can’t predict when that will be. Gold will continue to have value unless something very unexpected happens.

Yes, bitcoin is relatively fragile. Therefore not suitable holding really loooong time (centuries).
16  Economy / Speculation / Re: Bitcoin price: with 12 years from nothing to maturity on: November 01, 2021, 04:27:50 PM
Are you an astrology expert or something? Grin
I've never seen someone to make analysis of the Bitcoin price based on zodiac signs.
We already know that it is almost impossible for the Bitcoin price to hit 1 million dollars.You just need common sense and basic understanding of economy and finance.There's no need to be expert in astrology or numerology in order see this conclusion.
Why don't you create a horoscope for Bitcoin?That would be interesting. Grin
I guess that the future of Bitcoin is aligned by the stars.Everything is determined and we are all a bunch of puppets that have no agency and autonomy.The stars are what controls our lives,so we have to trust the astrologists more than any other experts and scientists. Grin


I have to say, I used zodiac signs and colors only as a metaphor here - to make more easy to remember these years and think about them. Another metaphor could be the human life circle: saying that bitcoin becomes teenager.
Really I do not think that bitcoin starts to behave differently because of its "teen years".

The only reason I afraid the hodl model (that has excellelntly worked until now) will no longer succeed, is the maturity problem - the one million usd per bitcoin is already near enough to hinder profits of hodl-model.
 
17  Alternate cryptocurrencies / Altcoin Discussion / Re: Don't repeat same mistakes on: October 31, 2021, 07:53:38 AM
It's greediness to keep holding your tokens when price is surging, many made the mistake in last bullrun season of 2017 and after February 2018 bears attacked the market dragging every single coins and tokens to its feet, Bear market is always the best time to buy coins and build portfolio and Bull market is the best time to make gains and take profits

Golden words!
Just such posts make bitcointalk worth reading every day.
18  Economy / Speculation / Bitcoin price: with 12 years from nothing to maturity on: October 31, 2021, 07:20:47 AM
It is interesting to look at this zodiac circle:

31.10.2009 0.001 usd
31.10.2010 0.20 usd (+ 200 times), Tiger, red
31.10.2011 3.19 usd (+ 15.95 times), Rabbit, green
31.10.2012 11.20 usd (+ 3.51 times), Dragon, yellow
31.10.2013 216.00 usd (+ 19.29 times), Snake, blue
31.10.2014 348.67 usd (+ 1.61 times), Horse, black
31.10.2015 311.24 usd (+ 0.89 times), Sheep, white
31.10.2016 686.24 usd (+ 2.20 times), Monkey, grey
31.10.2017 5734.00 usd (+ 8.36 times), Rooster, brown
31.10.2018 6309.11 usd (+ 1.10 times), Dog, purple
31.10.2019 9550.60 usd (+ 1.51 times), Pig, pink
31.10.2020 13803.41 usd (+ 1.45 times), Rat, orange
31.10.2021 61343.90 usd (+ 4.44 times), Ox, beige.

Every year is unique, and they together form almost eight orders of magnitude (100 000 000 times) increases (+4.5 times or +350% per year, on average). The maximum rise potential from 0.001 usd is ca nine orders of magnitude (1 000 000 000 times) in nowadays purchasing power because there is no more money in the world  Kiss

I think, one thing is sure:
Bitcoin price has no potential to rise more than approximately one order of magnitude (10  times). The maximum price can not significantly exceed 1 000 000 dollars per bitcoin in nowadays purchasing power even with best scenario (mass adoption, becoming the currency of the world). We can say that bitcoin price has achieved (almost) full maturity in just 12 years - eight from nine orders of magnitude.
This means that there will be no price gain per year comparable to 2020-2021 (or the 2009-2021 average) without huge price crash - no room for 300% or higher price rises per year (in nowadays purchasing power) from present level.
19  Bitcoin / Bitcoin Discussion / Re: The higher BTC goes, the bigger the risk/reward ratio and the less buyers enter on: October 30, 2021, 07:17:25 AM
100% agree - I would add only two words: CETERIS PARIBUS.

The risk/reward ratio increases with the bitcoin price increase if the bitcoin adoption rate will remain the same (and in the very short time frame - days, weeks, months -  it is so). But in the longer time horizon (years) it is not so. For example, if we compare the price level 10 000 usd at he end of 2017 and exactly the same price level in September 2020 - the last one had much lower risk/reward ratio because bitcoin was just much more valuable asset in 2020 than in 2017.

But, in contrast,  if we look at for example the almost 50% BTC price rise during the last month, it is sure that the quality of BTC has not increased in comparable space at the same time period - and now we can indeed conclude that the risk/reward ratio has increased about 50% as well. And the BTC selling is now potentially much more profitable than a month ago. And the BTC buying is now potentially much less profitable than a month ago.

(I quess, the words "quality", "value" and "adoption rate" have quite similar meaning in bitcoin context).
20  Alternate cryptocurrencies / Altcoin Discussion / Re: what is the worst scam you gone thourgh on: October 27, 2021, 12:45:03 PM
Culture
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