Waiting for the Random Anecdote - .01%'er Edition.
If any of the projections for valuation of BTC/USD around the 2020 timeframe come true, the long-term gains tax on the sale of 1 BTC would likely be more than most people would take home in a year from their jobs. Gentlemen problem's right? Seven figure plus checks dont come around all that often..I'll admit I bounced around like a mad hare first time I saw one with my name on it. Bob's fine..he still dealing with that post coitus glow of ahhh...I CAN see light at the end of the tunnel. |
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Waiting for the Random Anecdote - .01%'er Edition.
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[edited out] That's correct. edit: Quite a wall of text we got going... People are going to confuse us with JJG  You would not want that, you long-winded fucks.   *snicker* |
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I have to admit I laughed. Then I got sad when I realized how shitty this space has become literally overnight. The same scammers behind penny stocks back in the days of yore have now moved into the crypto space. No one "got rich" off of penny stocks. Like ever. They got destroyed. I have always thought Doug keeps it real. A lot of red shirts out there.. Oh no..some get rich, just a few..just enough to keep the next batch of fools investing. |
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some 40 hours since Kraken began their "2 hour" outage
no updates for 5 hours
starting to wonder if I got off cheap with the fucking I got there
they are pulling a mtgox won't give any updates or do anything over the weekend, and by monday they are gone for good Man..took me years to wrap my head around that one. Thumbs up. |
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Out..out...OUT...with the lot of you!
Have you no shame? Sacrilege in the Temple. Do not profane this place with such talk of scamcoins.
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I initially planned to exit @ $4000 and told myself to not be involved again. Turns out I was wrong. Exited early @ $2900 only to buy back again at $4400 and told myself again to sell all @ $20000. I was online on Bitfinex when it reached $19k a piece, and back then I was asking myself to offload it all or not. I only traded half of what I totally got and the remaining half I sent to my address. So far, it's one of the best things I've done and I'm continuously tossing the money I got back and forth to help me earn more bitcoins in the process. Initially I thought it was going to pop, but then realized after an extensive reading on the state of fiat currencies, I'm kinda certain that I won't be trading my bitcoin into fiat sooner.
I have felt that way many times over the years..first time I sold was at the height of '13. I had decided then that I would cost average my hoard over time. I dont have a predetermined number. I exit whenever the TA turns around and then re-enter whenever it crashes on high volume.
Pro beara Tera s/ My target is enough to make me stop. I have goals and thats enough for me although my standards are high.
Hodl! i never exit because i find it a dumb move.
i never not exit because that is also a dumb move.
there is a lot of options in between!
you buy bitcoin when it is low and has not yet risen. lets say back in 2015 when price is stable like today with <10% fluctuations @$220.
you buy $1000 worth of bitcoin which is 4.54BTC. now price goes up in the next rally to $502 (2015-11-5) which gives you the vibes of a correction. you sell your bitcoin for $2,279 and wait for the correction to end (basically the idiots to get flushed out) then you take your $1000 and make your exit and then buy back what you sold. 3.87BTC @$330 with the $1,279 pure profit and $1000 cash in your pocket (exit).
rinse and repeat, change things around such as keeping profit in bitcoin not in fiat (6.90BTC instead).
Pro Pooya Buy high sell low? what?? /s Hmmmm, I'm thinking probably a heart attack will be my exit strategy. LOL
Heh..could be worse ways right?
In trading/investing you are supposed to never get emotionally attached to your positions. So, rationally, we should be ready to sell Bitcoin if the situation will look grim for it - maybe competitors will get a better tech at some point (contrary to a popular believe, todays altcoins are nowhere near close to having better tech), or maybe it will get globally outlawed (which won't kill it, but will significantly cripple).
But if everything will be alright, then maybe long-term hodlers won't have to sell, because they will be able to spend it easily instead. After all, Bitcoin is a currency, not a stock or a commodity (inb4 high fees blah-blah).
So, I will try to never exit fully and always have some coins as my savings, but as for partial exits, I'll probably trade some coins for real estate in a very distant future, when I'll feel like the market is very saturated and big bull runs are very unlikely.
Nice...Belize is quite nice I hear... The percentage as total money supply analysis isn't totally correct.
The price of bitcoin is determined by the marginal price that the market is willing to bid a coin for.
Also, total world money supply is a flow concept not a stock concept because fiat system is signified by its money creation process facilitated by interest rate.
By far the nicest way anyone has ever told me I was wrong. Yes..supply and demand. Metcalfe's law. I am somewhat familiar with these concepts. I think Bitcoin will grow into some of these things. Once some more of the "features" are ironed out for mass adoption. People will need payday loans still..or SB loans..or what ever... that happens today..but it will happen tomorrow on a larger scale I believe and then you will start to see some of those "flow concepts" like velocity and things that will give useful metrics. |
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oh i see. on what premise is the specific price target of ATH chosen? Is there some TA behind this?
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Trouble...there goes my stops..
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got me a new lambo, a fittness lambo ...bicycle.gif... doing something for my health so I can hodl longer  True story. Went to the Porsche dealership this morning for a State Inspection, oil and filter change on my 2016 911 Black Edition Cabriolet, and drove off with a brand new 2018 C4S Cabriolet instead. I love you, Bitcorn. Color or it didnt happen. Nice dude! Congrats!! |
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I was sitting here...and you know..speculating. Because really thats what I like to do. Anyway..I was just sitting here watching the price and all of a sudden I wondered what the "price" would have to be for me to part with my coins. This is a deeply personal number for most of us...merely a business decision for others. But all of a sudden a number popped into my head. It would not go away. I tried to banish this foul thing..but alas..I could not. This number would mean substantial fiat wealth for my entire family..I am talking generational wealth. I used to think 8 digits for a family to be considered rich but today I think more like middle 8 digits.. Now I have mined and hedl coin for what seems like ages now..almost 6 years soon..so the value I have to the current market price is..well..extraordinary to say the least. I am not saying this to boast or brag or any number of things, I say it to tell you that there is no "bottom" to the current market..even pre- December that would cause me to panic sell. I have watched bitcoin grow from a small community of several thousands thru the MtGox debacle (yes..I was goxd..I opened an account in May of '13), thru the massive price spike that Fall where many bailed but I did not. Thru the lean bear years where there was plenty of opportunity to say fuck it..but I did not..I slowly bought more. Thru this time the community had grown to several hundred thousands of people. Now..thru the last year and last month..several hundreds of millions of people have heard and are talking about bitcoin. Two orders of magnitude over the previous metric no? I say all this because yes..I am extremely bullish..I think use and adoption is going to grow and grow big over the next year. Once a LN becomes reality look out. Solutions are and will be build for bitcoin. I think crypto currencies in general are going to have a profound impact upon global markets over the next decade and I think capturing 5% of those markets(ie broad money) is feasible within the next year or two. TL;DR What is your price? Have you picked a number to exit? I have. I will never sell all my bitcoins..some will be passed on to family. Some will be donated to worthy causes..but when..not if..that day comes..I will happily part with my coin and have zero regrets. I have included some figures from another thread for context. Broad money = $80,000,000,000,000 give or take a few trillion.
Bitcoin supply = 16,782,692
So all we have to do is figure out some percentages.
Bitcoin takes over the world! $80,000,000,000,000/BTC16,782,682
100%=$4,766,818.55736
50%=$2383409.27868
25%=$1191704.63934 < Mcaffee expects 25% market penetration within a year...ummm...ya.
12.5%=$595852.31967
6.25%-$297926.159835
3.125%=$148963.0799175
1.5625%=$74481.53995875
0.78125%=$37240.769979375
0.390625%=$18620.3849896875 < We are around here. Not even .4%
0.1953125%=$9310.19249484375
0.09765625%=$4655.096247421875
0.048828125%=$2327.548123710938
0.0244140625%=$1163.774061855469
0.01220703125%=$581.8870309277344
0.006103515625%=$290.9435154638672
0.0030517578125%=$145.4717577319336
0.00152587890625%=$72.7358788659668
0.000762939453125%=$36.3679394329834
0.0003814697265625%=$18.1839697164917
1.9073486328125e-4%=$9.09198485824585
9.5367431640625e-5%=$4.545992429122925
4.76837158203125e-5%=$2.272996214561462
What I find of interest is how some of these percentage points closely match some of out ATH's. Food for thought.
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got me a new lambo, a fittness lambo -snip- doing something for my health so I can hodl longer Nice ride dude..like the colors.
I'm not the one asking, but I did'n understand any of that.
What is signing, what's an online box and what exactly does broadcast mean in this case?
If you don't get this you should sell your bitcoin and store your wealth in a system with a safety net. anyone who keeps more than 1 or 2 BTC on a phone...I just don't know what to say without being rude...you are playing with fireLOL'ed Do you even bitcoin brah? |
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As always thanks for the great charts Chessnut.
I take this as a bullish dip. We needed to consolidate at some point and January historically been that point. Think its still a couple of weeks for the market to figure itself out(Feb. 1st?).
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Seriously now, there's no need to rush the second batch, is there? With a handsome short-term upside potential such as now, I mean. Can't the taxman wait if necessary?
More rounds to go still. Can't retire for the next 20 years on $1M. Going to have people buying into my walls. I'll set my price. Not going to dump on the market. More rounds Bob? We are doing 18 today? I might only have time for 9 as I have to catch a flight out to Belize this afternoon. My people will get with your people. The volume of the BTC in all exchanger is keep increasing. I know that next week ia the real deal because we can see again that bitcoin will hit $19,000 per each. We should ride in the roller coaster.
The next days are critical. Yes. we're either in a triangle or an ascending channel with 3 higher lows and you bit-ches are panicking? What if we were going down for real?  We are still ok...lets see what happens over the next day or so. We are still in the ascending channel. February 1st is starting to look like a foci point. I cant get the granularity down enough for more accurate speculation. It is just pissy that this "complete ban" in SK has been rebunked, but news articles from BBC and other sources are still freshly releasing with sensational "South Korean Bans All Crypto" headlines! GRRRRR....
Without fake news to generate FUD, the pump and dumpers would literally have nothing to "justify" the crypto price swings in the public eye. The public always needs "reasons" for large moves up or down. Always. Or at least the PnD'ers want to give them one, even though it is complete made up bullshit. We've seen this pattern over and over for years now. The fact remains that whale investors are desperately looking for more supply of Bitcoin, and the only way they can GET more right now is to shake the tree and continue shorting. That's it. And since this will be a long slog, I expect this behavior to continue for another 6 months, possibly longer. They have to build as much supply as possible way before the Bitcoin ETFs come online. In fact I wouldn't be surprised if the ETFs get delayed/pushed back by the SEC just because the insider whales aren't ready yet. Keep buying and HODL. Get your coins off the exchanges. ^ This guy gets bitcoin. I cant keep giving you prizes Torque. All the other kids might get jealous. All this "movement" is 1k of coin moving around(on each major exchange). I think they are just tuning the algo's on the bots tbh. Kinda bruising the ego..all this FUD generated by electric sheep. |
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bulls will never admit theyre wrong. theyll just say it's a glitch or blame some black swan news event
Wrong? No..you see..there was some news out of the east... Next bump we get, I'm taking it. I also am becoming despondent.
Steady as she goes Sir. You will find your moment. Just wake up and wanted to buy but ..... not happened missed the dip or not  i think will come more like last nights... Good morning bitcoin land! Good morning. I bought on emotion, I hodl'd on emotion. I will sell on emotion.
Reason is slave to the passions.
This is nothing. Oh well, weak hands gonna get shook. That cannot be helped, correct? Delightful shake..think it worked. I am interested it touched the 12.7k trend line but bounced back very strongly. I am still looking for a moderate rally thru this weekend. The dips have been glorious. I'm tired...think I'll take a nap now. |
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So congrats, and just fucking cash out a little more so you can keep riding this wave without remorses with the rest of your (huge) stash.
Ok. Extracted just north of $1M @ $14,500 USD/BTC. Once the wire hits my account, I'll load up for round 2.  |
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Well..none of my stop loses triggered...must have survived the night. Cryptopocolypse has been canceled? Generally speaking..I dont consider myself to be a chartist...but I seem to have been in a zone...some type of fugue state. Whispering. Not only that, I seem to have created two new words as well this morning. Delightful. Everyone get your big boy pants belted on...Bob..you can either go with chaps or a tutu..your call. /s |
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It's banging right on the log line
we are good so far
if you have the balls, this is the time to buy
Done. I am wondering when ETH is going to retouch its ATH ratio...so strong. Think its going to .1 today... AND thereafter, ETH pumpers begin to talk about the "flippening" Could be... could be... But who gives a ratt's ass? Exactly...sure it will be coming soon..hate even bringing it up but it was glorious. As much as I am a btc bulltard..self admitted...I have come to accept that there will be other coins. It does no diminish my believe in bitcoin over the long term what so ever tho. What I am really quite pleased with was bitcoins performance thru it all...sure we touched the line..but held strong at 14k support. Pretty pleased that it was able to do that thru the pump. The conductor is a virtuoso. *golf clap* |
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what is this cash flow you are yammering on about? I only have btc flow problems atm. Its costing me an arm and a leg to send a tx! Its official..Bittrex is off the hook..hope you all profited on that epic eth run up. .1 It's banging right on the log line
we are good so far
if you have the balls, this is the time to buy
Done. I am wondering when ETH is going to retouch its ATH ratio...so strong. Think its going to .1 today... |
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