Overhyping of cryptos and FOMO are the reasons behind the recent hysteria in this market. One thing that remains clear, people are using and trading crypto as an investment. So it means they are getting trapped in this madness. Best of luck and let’s see what happens in the next few weeks.

The sheer power of Bitcoin's brilliance will cause temporal disturbances, capable of moving time backward and forward. It is therefore incapable of dying.

In some ways, Bitcoin has always been. It just hasn't always been yet.

well that's true, most people buy bitcoin for investment because many people believe bitcoin price will keep increasing. only a handful of people buy bitcoin as a currency because few places accept bitcoin as a means of payment. although they find a place to shop that accepts bitcoin I'm sure they will prefer to pay with cash rather than pay with bitcoin.

Bitcoin going very hyperbolic:

Even showing higher on preev rate (minus bitfinex aka. tether printers):


Could it be the news of coinbase accepting cashout upto $100k using apple pay?
Just maybe.

I scrolled WaY Back to find the posting I was Referring to and may have possibly gotten the referencing mixed up...?


When I first saw this (shortly after the Rat had been called out on his begging) I took it as previously giving bits of cheese to the Rat... but now looking back, maybe it was J1GUncle that got the cheese?

Anyway memory is a very odd thing and creates very different realities for each individual. Maybe I did in fact get my reality confuzzled with your Bot Reality, but either way the overarching point still applies. Treat Rats as Rats and End up with less Stray Cats!

I am able to track my own investment portfolio back for more than 30 years, and I see that it had taken me a long time to build, but at the same time, I was also going to college and things like that, which seemed to cause lack of growth periods, yet as the time passed, the investment portfolio seemed to develop some seemingly compounding effects too.. of course, getting away from debts that were not used towards building capital and value.. and I suppose some of those larger and later areas of growth in value might just have been due to bitcoin and some of my own track record might put into question whether we are able to continue to expect some of the outrageous growth that has historically come from bitcoin.

I personally had noticed that regular assets/investments had not tended to compound even close to as much upon themselves as bitcoin, but still frequently as a person's investment portfolio is getting larger, s/he should also be able to consume more too... and sure, hopefully there is some balance in terms of NOT taking away from the ongoing ability of your investment portfolio to continue to grown and to compound upon itself, but surely as you take out some profits, rather than just folding those profits back into your portfolio, there will be some likely shrinkage in the magnitude of the portfolio's growth when you are pulling out some of the profits, even if seemingly small amounts (could be tax consequences, too).

At the same time, it is good to live a bit, too.. once you are becoming more wealthy.... so long as you are still limiting the amounts of the profits that you are pulling out of your investment and taking your eye away from your target amount (in this case $2 million)..


So, you had invested nearly $11k, which is about 44.5x profits, and if you have not taken any profits so far, you may be nervous to take profits because we still seem to be in a dip in our current BTC price, and your goal remains to reach $2 million, so maybe instead of taking profits from BTC, you would just spend from other means..and I doubt that you should stop putting $30 per week into BTC or maybe even more than that, but it should be possible that your cashflow has increased in other areas over the past 7 years, so you could perhaps afford to splurge in the use of your cashflow from some of those other areas without necessarily taking from your ongoing bitcoin building and compounding..

From a discretionary stance, you could also decide to trim some profits from your bitcoin.. even if the regular amount that you are putting into bitcoin continues to be $30 per week and is really not very much.. and 7 years later, it may well seem that you could doubling the amount that you put into BTC to $60 per week (depending on your cashflow) without even feeling any real strain on yourself nor your budget.  

$250k-$750k - prudence and buying extra nice things from time to time

Probably, but I've also seen it done by some of the oldest users, the ones who post the most in this thread, people who don't have a paid signature and who, in principle, don't care if they are given merits. In that case we would not say that they do it for merits. They simply have something to say, even if it is not directly related to the last comments and they say it.

Although I understand that everyone likes to be given merits because it is like others recognize that you are doing things right, that your contribution is positive.

And, by the way, in the case you were commenting I guess if they end up getting merit, it's because they deserved it. If they were posting for merits but the post was garbage they wouldn't receive any.

I still remember when some bears said $15k is where BTC will land when we reached $30k.
Imagine saying that now when we @ $40k.