Afternoon all
New 2 BTC and investing in general - wanting to take advantage of the new world I entered at a very small 0.2 BTC @ 5.7k. Have plenty of funds and considering buying 1 - 2 whole btc as I'm gathering confidence that it'll return to 10k+
Discuss and help a newb out.
Wait until $10k/btc then you are sure. |
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@mindrust
You should buy back and HODL at least one Bitcoin.
Just do it.
Totally agree. You can’t know about Bitcoin and not own any, especially when having plenty of emergency cash in your pocket. Put it in a safe and forget about it. Treat it as money gone and you may thank yourself in 20 years time or have a good laugh at your younger naive self. |
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[...]
Regarding the selling, this is a whole new topic. For starters, you may just make a plan like JJG suggested some time ago. It can also invole some buying back in case the price falls. [...]
Great post ivomm, thanks. This ‘JJG plan’ sounds interesting as well and would be delighted reading in detail how to set it up. |
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Just a bit of fun speculation -
What price do you see one bitcoin being valued at in 10 years, take a guess?
I'd be absolutely fucking delighted with $5,000 per bitcoin.
Just a little blast from the past. And LFC is still buying like a bandit today. Add another 5 years and he is probably still just wall observing. From his private island. And fucking deserves it for taking the risk. |
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The price will be tied to the (stock) market panic for a while, it seems.
The difference is that Bitcoin is already near its bottom price. No Nanny holding its hand. No regulations forcing someone to hold or sell.
Don’t you love free markets at work?
Yes, I love it. As soon as anyone starts to pull Bitcoin’s levers to ease the pain I am out. Until then I just hold and maybe buy a couple more. Easy. |
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1BTC=1BTC (bite me!)
Do you presume that bitserve has "bite" in his name for mere symbolic purposes? Do you happen to know the past tense of bite?You better watch your lil selfie.... gonna get chewed up... and don't come crying to any of the WO peeps as if no one tried to warn you about welcoming such lil selfie consumptions.  Pac-Man? (1980) |
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Another honest thought...
As much as we all hate Tone Vays, I believe he was right about one thing.
Shitcoins.
They are a huge part of the problem and nobody can do nothing about it. (anybody can create a shitcoin and scam others before going to zero) Without all of them going to zero, I think bitcoin will have serious problems, price-wise against the USD.
Maybe they'll go away this time...
Take a look at CMC's homepage and tell me what you see. I only see shit. (other than #1) And people trade and hodl these shits with the hopes of them becoming the new bitcoin. And there are hundreds of thousands of them.
You seem to be acting and viewing things a bit binary. All in, all out. Everything but bitcoin is a shitcoin. There is a a middle ground as well and it is fun to be curious. |
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What is money when you can call it a strange word 'repo' or 'term operation', then produce 500bil of it (actually, 4X500bil=2 tril) ON DEMAND.
It makes for a silly impression when I look online at my paystub.
The meaning of 'money" is somehow lost.
I guess this is why I am in bitcoin.
Because it is not money but a currency. |
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Anyways... wake me up when 1BTC != 1BTC. That will be really interesting.
Bitcoin is not fungible. And that is a problem IMO. Already today you see that mixed coins are worth less (Coinbase freezing your account) and coins without a transaction history (straight from the miners) or auctioned by the US Marshals are sold for a premium. So sorry to wake you up at this time of the day but 1 BTC really is not like the other 1 BTC. |
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Not buying not selling... just HODLing...  If no one buys the price won't rise up. But it won’t go down either. |
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Funny. The more it goes down the calmer I get. Said it before but there is no rationality behind selling hard money like gold and Bitcoin for soft money like USD. Especially because of some flu that will be all gone in a month or two.
The contrarian in me sees a huge buying opportunity, including stocks. This is Not 2008/2009, but mass hysteria.
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A 5-digit BTC not asking for more .... in the short term  We will never see a five digit bitcoin again (trying to jinx it  ) |
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Issue 2 of the OXT Research PlusToken: https://research.oxt.me/special-situation-report/2/previewIf I am reading this correctly, out of 178k BTC there are 38k BTC still to be dumped. We are getting there. Approximately 80% of coins entering mixing have been distributed while up to 33,872 BTC remain in the mixer and 3,853 BTC are in the distribution process, resulting in a total of 37,725 BTC that have entered mixing, but not yet been distributed.
( Who in his right mind is that desperate for yuans to dump it all pre halving? Scammers getting free money. When I think about it, it is a true gift really. This has likely been artificially keeping the price down for the last 6+ months, probably shorting before dumping.)
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ok
now we have real problems
pornhubs down
Fucking hell, when things get bad they get really bad! No need, we all got f*cked today. |
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There may be 1000 people infected, but the recovery takes 2-4 weeks for most people (from the time they start to show symptoms). This means that it will take about 4 weeks for those 1000 people to register as "recovered", in the mean time many more people are infected. The numbers are always shifting. Both the deaths and the number of recoveries. You need to look at the infected numbers of weeks ago and compare those to the current death and recovery numbers to get the accuracy.
+1 Elwar. Would like to add that the infected/death ratio figures are probably way too high. I felt sick a few weeks ago (probably just a cold) but it might have been Covid-19, who knows. Fully recovered without being tested or going to a hospital. Bitebits does not show up in the statistics. |
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UK 206 2 0.97%
2 deaths from 206 positivies is a 0.097%. If they were using a simple spreadsheet that kind of error should not happen. That's why we can not trust any of those figures, and much less the skewed stats used as a data source. Think that just the heading of the column is wrong, since else it could not have values >1. What they mean is percentage. |
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Hashrate continuously hitting new all time highs. Third halving two months out and major BIP’s looking to be implemented.
versus
Plustokenscam bitcoins being consistently dumped through malicious exchanges. Continued uncertainty regarding the release of the MtGox coins. Downwards pressure on the stock market because of Covid-19 and drooling mass media for viewing figures.
The ride will remain bumpy for a considerable time. And if you only look at the bumps it is hard to remain seated. Looking beyond all that I could not be more bullish though. Just practice some patience (years!) and start looking at the horizon, it is beautiful!
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^ Would have expected a bit more design:  |
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