Apocalypse Now. It's been a long time since I watched a three-hour movie, and it was Coppola's movie. But before I started watching this one, I didn't know that it was the famous Coppola work, let alone that the real actor was my favorite Marlon Brando. And when I first watched it, I was not very patient. But this movie belongs to the genre that is getting better. The more I see the back, the more I sink my emotions, so that I am very desperate when I see it, and I feel exhausted after watching it. A movie that makes you tired of watching but still remembering
Among the classics I think it is the best. Of the ones I've seen recently, Midway is the one I liked the most, it's the one that made me get excited and put me in the characters' shoes. The scenery and effects are amazing. |
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Well, that's what Saylor is predicting. It makes sense but I don't think it will inevitably be that way either. It also sounds to me more like a speculative move that turns into a bubble than a rational move backed by the intrinsic value of Bitcoin. Managers of large companies, although they are human beings and have an emotional side, are usually guided more by rationality in decision making than retail investors who are more prone to be dragged into their decisions by FOMO.
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Yes, and I think there's no surprised here. Many has seen bitcoin's narrative has evolved already. Institutions are investing and hedging their balance sheet on bitcoin.
But we all forget that there are still retail investors or traders, which is also very important to keep the ecosystem in check. So it's a balance between institution and retail investors that will fuel the massive pump to six digits this year. So for me, they also need to consider ordinary and average joe traders/investors.
Check out this thread. https://bitcointalk.org/index.php?topic=5327971.msg56696242#msg56696242IMO institutional investors will push BTC price to unimaginable numbers. Not $130k as JPMorgan estimates. Not even 1M$. Much higher. Retail invesotrs will play almost no role in this pump. Much higher probably but not in this cycle. The highest prediction I've seen is the supercycle theory which far exceeds all the others, predicting that we could reach $1M this cycle. |
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I want some analysis of what will happen if we break the $ 100,000, or at least will we see a correction of 70% within 12 months?  I think after seeing the price now, we are due for a correction and 70% correction is possible in 12 months or more. The price is already high but I'm not saying $100k is not possible, its just that I have a feeling that the price will likely to correct anytime soon and we shoudl be ready to witness a worst correction, maybe worst tha what happen the last time. No way. I mean, we can take nothing for sure in the markets but I think reaching $100k is far more likely than a correction soon. We have high demand from institutions and also some retail investors, reduced supply (halving and people withdrawing from exchanges) and also massive printing, so the price has to go up. Also, in this quarter we are going to see more companies announcing that they bought Bitcoin in the first quarter, fuelling FOMO. Those are my reasons, I do not base them on a hunch. |
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I'm sorry to burst your bubble, but you're probably forgetting something. I'm guessing that this is a.. *looks at the Tweet's date*  Lol! Well spotted. Anyway, I was thinking maybe OP could add those who have indeed changed their minds over the years (or maybe another webpage could be created). I am thinking of Saylor, for example, who is nowadays a kind of Bitcoin Evangelist but was skeptical until last year, or Kevin O'Leary (Mr. Wonderful). I think the list would be a fairly large one. |
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I am not sure how such things would help in mass adoption but yes, it is a cleaver way to promote your own business! And I see they have succeeded doing that! Crypto mags are all over talking about this increasing the companies brand equity in the online market and online population. So Chipotle is enjoying their marketing campaign and success. Mass adoption might not be underway due to this but it will just push the name "Bitcoin" to some more people and that's it along with the name "Chipotle" and I believe that's the end goal of such campaign! What I mean is that this news is one more that helps mass adoption, not that Chipotle with this is the key factor. This giveaway, the recent news from Visa and Mastercard, Tesla, etc. The news we see lately almost daily what they do is normalize Bitcoin which until not too long ago was associated only with buying drugs over the deep web to fraud, ponzi scheme, etc. With this giveaway and the other things that are happening, Bitcoin is becoming a normal part of our society, present in our daily lives. |
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Well, in the world we live in, money gives you freedom. So being rich and being free are related. A rich person is freer than the same person when he was poor, because he has more options. Although being rich does not always mean being free because you can be put in jail but I think you get the idea.
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I have actually read multiple studies where they have stated that conservative are significantly happier than liberals when economic status and multiple factors are equalised.
Please put links to those studies. There are several of us who do not believe what you say. I doubt very much that a relationship can be scientifically established between a political ideology broadly considered (I am neither one nor the other) and the level of happiness. |
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What I see there are loose statistics rather than an analysis. For it to be a proper analysis, you would have to issue some reasoning about them and reach or propose some kind of conclusion.
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I sold one of my NFTs for 50 BTC but I haven't been transferred the money. No Tx ID or anything.
I am going to red tag Theymos for this scam.
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...
I Would not go all in with the 20 k
I would spend 1000 every 2 weeks.
...
hodl
hodl
hodl
hodl
took you 40 weeks to buy at 1000 every two weeks.
hodl for a minimum of 160 weeks.
make an assessment then.
Just a point. Doing DCA is only good if you are not psychologically strong enough. If you are able to withstand sharp market declines (or rises), it either makes no difference or you are even better off putting all your money in as soon as possible. Let's assume bitcoin is going to go to between $100k and $200k in this cycle, $1M in the next cycle and much further in the cycle after that. If this is the case and you invest for the long term there is not much difference between you investing $20k today or investing $1k every week. |
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I sold one of my NFTs for 50 BTC but I haven't been transferred the money. No Tx ID or anything.
I am going to red tag Theymos for this scam.
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Maybe he got confused and meant to say April.
Anyway, it seems silly to me to identify monthly price patterns in the past and want to predict the future based on that. So far March has been a bad month for price and April good. That's over 12 years, which statistically is nothing. Patterns like that tend to vary, and while there may be events that explain those repetitive patterns, it is normal for most of them to change over the long term.
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I think it's the other way around. I think the important question is why is Bitcoin (not crypto) important for inflation. It is just because it is the best weapon we have to combat it. And only Bitcoin, not crypto in general because Bitcois supply is capped, it was designed the opposite of how central banks create money.
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I believe that nowadays nothing, or very few people, think that investing is only for the rich. As mentioned in the OP, mutual funds, or even cryptos, allow you to invest from $10. If you buy a fund indexed to the S&P 500 or MSCI World you are sufficiently diversified and with top tier companies. These funds have historically given a return of around 9-10%, which, if we discount inflation would be 6-7% but with regular contributions and compound interest, one can put together significant capital over the years. Then we could also look at the power of contributing small amounts, such as $10 to buy Bitcoin every week, which would give even more return. So no, investing today is not only for the rich, everyone has it within reach from their mobile and for small amounts.
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OP my advice to you is to stop giving advice to that friend because your friend clearly doesn't want to listen to you and greedy and in the end you are just wasting your time making sure that your friend doesn't fuck up his/her investment.
I agree. Giving advice to a person who doesn't seem to want to hear it is asking for trouble. On top of that about money matters, where the reaction can be visceral. If his friend was on the ball, would know that the most profitable strategy is just holding. |
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Would it be fair to say Satoshi Nakamoto created a token to help solve issues relating to fiat devaluation, an overreliance short term economic/finance management and hyperinflation?
You realize that just solving inflation will not keep housing spaces affordable indefinitely? There is population growth, there is limited space there is a need for housing closer to city centers where there is no room left to build. A token, an altcoin a shitcoin or any defi project won't be able to magically transmute another dimension on top of the current one to make land affordable! And since you're referring to satoshi, your idea goes against one of the principles of bitcoin, and is more akin to fiat currency, as you want to fix prices just like in a planned economy. There have been numerous attempts at doing this, how did they end? Either with total failure or turning those areas of the cities into underdeveloped ghettos. In 2000 there were 282 million people in the united states, now there are 328, an increase of 46 million, 46 millions, twice the population of the entire metropolitan area on New York. You say "problems are more complex than creating a new coin". But is there a specific reason which guarantees a new token couldn't be utilized to solve poverty, hunger, unaffordable housing or other issues society faces?
Yeah, tokens will solve hunger, the moment you train your token to know how to handle a shovel and pick some apples. We have lived for two millennia with the gold standard, has that kept poverty, hunger, inflation, unaffordable houses away? Not from what I read in the history books. I quite agree with what you say. Would you agree that part of the solution lie in lifting restrictions on the construction of new homes, as I was commenting? On the other hand, with the gold standard, price increases were more contained and in relation to convertibility, but what has done the most to end hunger and poverty in the world has been mass production, which is related to the above. It is not that the system is perfect but it has led to reach levels of development and welfare throughout the world unimaginable centuries ago. |
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...//...: I do not know what is special about Poker stars today, before when it had the best vip system that has ever existed and that gave really good prizes YES!! to be at the time the best rakeback in the history of poker, today it is another thing. On the other hand they do not accept crypto directly but if you can use crypto, neteller and skrill are good bridges to do it, but in my case I would never put a single satoshi in PS today. On the other hand, do not insult an industry that is emerging, cryptocurrency poker casinos struggle to gain their traffic, there is good crypto poker casinos(!?) of course there are. First of all, I haven't insulted any industry I have just said that crypto poker sites are nowadays much worse than the fiat ones. That's not insulting and it's the truth. The bitcoin acceptance thing was because of what might help adoption, not so much because I want to use it. Apart from that, I agree with what you say about Pokerstars, I don't play there lately, but the rakeback drop has been generalized and there are no good alternatives. The ones that give you a little rakeback have worse traffic, soft etc. |
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