That is some hell of a speculation cAPSLOCK  Monero will be there for the ones needing it. And that is a truly magnificent thing to be able to say. |
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Space needs rockets, no V8’s. Get the man back! These BIPs are awesome. Can’t imagine there will again be a long debate and miner signaling game getting them implemented? Perhaps the increased privacy it adds will cause some objections from institutions or exchanges? We will see. |
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This is big: A new Bitcoin boom?Grayscale reports record crypto investments for 2019Digital currency manager Grayscale took in $607 million of investments in 2019, an amount that outstripped its collective inflows of the previous five years.
From their report: Most significant asset raising year in Grayscale’s history: Investment for FY19, totaled $607.7 million, surpassed combined investment into all Grayscale’s products from 2013 through 2018.
Largest quarterly investment to Grayscale® Bitcoin Trust ever: With $193.8 in 4Q19, investment into Grayscale Bitcoin Trust exceeded the $171.7 million in investment raised in 3Q19.
The current situation is this one:  Please note the relative size of Bitcoin Investments comparet to shitcoins. So back of the envelope calculations: USD 607 millions@BTCUSD8,000 means roughly 75,000 bitcoins were bought this year. After the halving each year 6.25*24*365 Bitcoins will be mined. This means Greyscale alone more than 20% of Bitcoins. How cannot be bullish? This is Stock to Flow in full power! Maths are hard 6.25*6*24*365 but yeah the point stands. Can't wait till ETF Source: https://grayscale.co/insights/grayscale-q4-2019-digital-asset-investment-report/(you can enter fake data to download the full pdf report) |
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Names are shifting....
Small question to participants, those with lower guesses if the game would start from today, would you still pick same prices or would a few days as we have had change your minds??
Just to know? Or is the last days of non-importance??
Not a bear or trader, the opposite actually. However the last few days of movement, up in this case, is of non importance. The next exchange hack, gox coins, Trump tweet or just an angry whale is always around the corner. We are still early I believe to even be sure we are out of the bear market. Predicting the price on the 1st of April is like throwing darts blindfolded, IMHO. It is however telling that most of the ‘previous winners’ are in the <$8k zone. Bitcoin tends to do what is the least expected. |
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It's not really a big deal but I found a small problem with the ranges we've decided on. The very first set should be 1-50 (or 0-49 which would change all other picks too) otherwise whoever chooses that has one extra dollar in their range (0-50 is a $51 range) over everyone else. On the other hand, if the price is $0 then I guess we all lose anyway...  at zero the prize is also zero Respectfully disagree. At $0 the prize is still .125 Bitcoin and even if the network is down, i believe El duderino would provide a paper wallet with those funds - probably already set aside. I also imagine there will be many WO members collecting as many BTC as possible at that price point. Brilliant, and with Homer on this one. Makes me realize again the importance of low resource requirements to run a node. Even if large parts of the internet or offline, and I think in such case Bitcoin would be the least of anyone’s problem at this stage of its adoption, there will always be a few altruistic or incentivized people running a node and keeping the network going. Once I settle down the first thing to play around with is a satellite dish. |
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Alright Duderino and V8, got the message (and the lucky 7 merits!). I’ll stop being a Complainypants and, perhaps, bite the bullet and sit down. Thank you. |
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Most of you are legends, ...
Legendary status correlates to making many posts [...] Nowadays, yes. While collecting merits. But there are members that got legendary for mostly just being around a lot, pre-merit era. Although I believe the merits are serving their purpose for more quality posts, the most wordy are not almost contributing the most. Believe lurking should be rewarded as well. Would like to be able to hand out more merits to quality posts, while not being an active poster myself. |
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Sorry to say but think both the price and milk are still a bit ‘mager’. |
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Some advice to the new bitcoiners, presuming we are in a cautious new bull market.
After each up there is a down. It makes you feel sick and you think next time it happens I sell to take some easy profit, these wild price movements are so predictable! And you might even profit from it and feel great: let’s do this again!
But then one day bitcoin does not go down, it just keeps on going up. Now you are holding a bag of fiat nervously in your exchange account waiting to re-enter. But bitcoin keeps on going up and finally you just FOMO back in: congrats you just bought the top and/or have substantially less bitcoins.
The above is not from personal experience since I am the laziest little investor / stubborn holder. But I have seen people come and go over the years for this very reason.
Throwing dollars at Bitcoin is easy, holding bitcoins is the hard part.
(for the record: holding means owning the bitcoin private keys)
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Damn 4 players that won before all gone with lower-ish prices... where are all the other previous winners ??
 (my sincere apologies for adding another bearish prediction, maybe it is a sign?) |
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Nice game Mic, liking the new format 6601-6650 Why? Since I am always too bullish short term, and too bearish long term. |
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After years of observing wall observers, I come to the conclusion that bitcoin goes down unless it goes up.
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Thanks for sharing V8, that was a good watch. |
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Haven’t seen this mentioned here yet, but hard to keep up from time to time: https://twitter.com/ergobtc/status/1197496064854634496?s=21It is regarding a Plustoken scam?,supposedly continuously selling 200k bitcoins on Huobi. About 1300 per day, and 58000 still to go. Would explain the selling pressure? |
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Just stacked some Sats (am I doing this right?). Could not resist. Holdings at another ATH, which is easy when never sold any or attempt ‘storing’ them on an exchange.
All this fuzz about price fluctuations. How come this is still surprising after an almost 11 year track record doing so?
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Guys if we dont get a green dildo soon(no homo) this is gonna get really ugly imo. We all know its critical moments like these that Government and private citizen Fudsters come out with their best stuff.
The govy boyz(we all know they trade) tried to time the pedo website bust news to break our 7700 support and failed, but I have no doubt some other high level Fudsters are working on something as we speak.
We have been a bit short on China FUD lately. Always works. Would not be surprised if. Now China can ban ‘blockchains’ again anytime in the future. |
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