Hmmmm...da f-k?

https://seekingalpha.com/article/4574872-bitcoin-new-war-beginning

^^^first try..."Buy by the barrel gorilla ladders?"    

second "ape into bitcoin ladder by the barrel"

@jjg..sorry, I am too "beat up" at work this week to post numbers, will try to sum it up sometime during the weekend and/or on Fri...

economics? 19798 vs 20000 is about 1.1% difference, so, if you don't perform many additional calculations, approximation is fine.
For example, my thesis was that "If in about 5 years (early 2028) bitcoin is 25.5k (now it is 23k vs 20K in Dec 2017, so a similar small rise with lots of down and up volatility in between), would you be content?"

if you replace 20K by 19798, then the appreciation since Dec 2017 until 23K (which was the price at the time of original post) would be 16.17% vs 15% in my calculation.
Perhaps, i should have wrote $26.7K instead of 25.5K in 2028, but it is still within 5%.
The main point was not the exact number , but how we would perceive the situation if it repeats itself in the next 5 years.
BTW, bitcoin price is not an absolute and it did hit 20K and slightly above on some major exchanges.
@jjg thinks that we somehow made an explicit promise to only quote bitstamp, but I don't acknowledge it (no promise on my part).

@jjg..well, $19,798 is pretty much 20K in my book (according to rounding rules), but it is a minor point....that you seem to be awfully sensitive about.

BTW, the average price of btc between Dec 2017 and today is also quite surprising (not!) $20.3K...how does this reflect on DCA vs bulk purchase debate?
Basically, you could have DCAed weekly since 5 years ago (or 260 weeks) and your average would have been more than btc price just a month ago (only 4wk or 1.5% of the putative DCA time).
This shows, in my opinion, that better strategy in bitcoin is to have a large stash of cash and to wait for more than 60-70% decline from the recent ATH, then pounce at once or in a few big "gulps".

well, we are trying to ignore this inconvenient 'truth" because admitting it or rather submitting to it would mean that we are under their foot, maybe forever.
I don't want say that it is an ultimate truth, but acknowledge some nonzero possibility of this, just as you do, apparently.

it's a funny little snippet considering that rant about vests and governors, ain't it, phil?

i kid, i kid 

I have a question...

If in about 5 years (early 2028) bitcoin is 25.5k (now it is 23k vs 20K in Dec 2017, so a similar small rise with lots of down and up volatility in between), would you be content?
I might be, but would be very surprised at such stability.
Honestly, I just cannot comprehend why we are still below a $tril in mcap, considering everything that happened already (gigantic money printing, 500tril assets market cap, etc, etc.).

Perhaps, bitcoin diffuses into the collective psyche quite slowly, but afterwards stays permanently entrenched in someone's mind.

it depends...

https://www.scientificamerican.com/article/is-the-universe-made-of-math-excerpt/

watched first 6 episodes of Andor...pretty, pretty good (1st is the weakest, don't let it discourage you)..the vibes of ww2 french resistance movies, "The Guns of Navarone", etc....in space.

bitcoin derped here a bit..no matter.

There is no wall.

most certainly, and I am not even kidding.

wild, if not a fake.

EDIT: inflation in 1923 was 1.79%. If steady for 100 years, it results in 5.89 denominator for the currency real value.
However, official inflation since 1923 was 2.9% on average, which results in 17.43 denominator, meaning that each current $ is worth (has buying power) of 6c in 1923.
eggs were 25c/dozen in 1923 (at least one reference).
therefore, dozen eggs "should" be 0.25X17.43=$4.38 vs the "dream" value of $10.
I can find eggs at $3.6-4 per dozen if you buy 36 (not jumbo), so it is quite remarkably accurate.

Custodia bank (the one focused on bitcoin, etc.) is denied fed reserve membership;
https://www.foxbusiness.com/money/custodia-bank-fed-membership-application-denied-federal-reserve-board

I am not sure what this is all about.
Fed is protecting their turf?
Shows that bureaucracy can always prevent something just by being slow...instead of the typical 5 days, the application was, apparently, pending for 18 mo.
They don't want competition to NY fin center from Wyoming?

hopefully, some bs...but somewhere there I found this linky:

https://www.yahoo.com/now/why-more-physicists-starting-think-045308127.html

"All is One"....hmmm
so...bitcoin and us is the same or we are bitcoin (in a way)...groovy!
Ordering the book...should be a fun read.

who said that we are not [almost] there already in more ways than one?
because all people around have just 5 fingers?

yep, I can hardly remember all 'regulars'...sorry, no memory left for sock-puppets, girlfriends/boyfriends and their "clones".
On the other hand, why AI thinks that almost all hot girls have shiners?

maybe too many beers...re fake bob

1. Approximately..and typically one month or month and a half of declining difficulty sets the bottom (during usual markets, not a calamity).
2. I still hold readily deploy-able funds to buy the flash crash or a sudden dip...it is much more my style vs DCAing, but to each their own.

It's funny, but it seems that I can report that bitcoin changed my mentality.
I used to zoom in and out of investments and 1-2 years was "long term" for me (especially since after 12mo it is long term tax treatment in US).
Lo and behold, now that I used to hodl bitcoin, I also tend to do the same with stonks, sometimes even against my best judgment.
Not sure how to deal with it..maybe by randomly selling small amounts of weak performers, haha.

TL;DR bitcoin hodling changes you