Maybe Bob opening up LN channels….

You are correct Richy, including the implication that philip may well be getting his "bitcoin"s mixed up.. to the extent that there are "other bitcoins" out there in fantasylandia.


I agree with your overall point wxa7115, but something is wrong with your lost billfold analogy.  Bitcoin is a bearer instrument like cash, so who ever has it is the presumptive owner, but changing the protocol to create a "have to spend" or "have to move" is a kind of different kind of problem that surely touches upon monetary policy that is quite unlikely to change based on currently existing consensus dynamics that are likely NOT going to significantly change merely because we go from 1% world adoption to 50% or more world adoption... or whatever scenarios are imagined to cause such desire changes in consensus in that direction.. even assuming that some folks want to change the protocol in that direction (and engage in warfare to attempt to change the protocol in that direction.. not likely to happen.).


For sure, 21 BTC was way more reachable when you first became a forum member, but still it is understandable that it can take a while to actually 1) focus on BTC accumulation or 2) even have enough resources to actually garner up to stack BTC - even if you might have known about the bullish case for bitcoin back then.  

Just think about back then (2015-ish).. some forum guys might have been saying that they were shooting to accumulate up to 21 BTC, and some other forum members might have proclaimed that they already have reached 3x those entry-level aspirations.  Keep in mind through much of 2015, BTC prices were in the mid-$200s, so it would not be unreasonable for a guy to buy BTC at $250 or even $300 per BTC, so even assuming the purchase at the higher $300 price per BTC, the 21 BTC would have cost a mere $6,300 and of course, 3x the target size of 63 BTC would have cost $18,900..  

A lot of those amounts of investment into BTC seem reasonable now, even though back then, it would have likely still seemed like a lot of money to be putting into BTC, especially considering how scared a lot of normie folks seemed to have been about BTC through much of 2015 with the BTC prices staying down there and bouncing around largely in the $200s for most of that year.

What are some of the background aspects?  Did the bank make some kind of a connection to BTC?

Were deposits or withdrawals related to BTC?  Did the guy have other sources of income and sometimes if there is some other business connected with the person (or account) then the bank will allow more high amount volumes of in and out because there is a business entity that is also connected with the account. 

Might need a few more background facts, duderino.


Exactamente, eddie.  That seems to be 3x the amount of our current generally applicable BTC accumulation goal that we would like to impose upon newbies... gotta start somewhere and surely nice to be 3x the current initial BTC accumulation goal.

Newbies coming into bitcoin are likely going to have to start out with some kind of a target BTC accumulation level, and several of us have been considering 1 BTC as a wee bit too high of a entry level target accumulation level, so a newbie is going to have to work his/her way up the ladder of BTC accumulation, and surely some normie newbies will be able to be more aggressive than others.

A kind of reasonable and practical and generally applicable starting point would be for newbies to try to set some kind of reachable goal and to get to 0.21 BTC.. it has some symbolism to it, and it is way more "reachable" than shooting for 1 BTC right from the start.  At today's BTC prices, 0.21BTC would a bit less than $10k but still reasonably reachable.

I had been asserting that older time bitcoiners have likely reached and or exceeded the target levels of newbie bitcoiners, and I have even conceded (admitted) that I have accumulated more than 3x the level of a newbie BTC investor.. so I am kind of richie status.. relatively speaking...especially compared with a newbie who is just starting to accumulate BTC.. .maybe starting with DCA investing at $10 per week or being more aggressive with $100 per week, or even if there might even be more aggressive approaches that involve lump sum investing too.... depending on how much lump sum that might be available and also depending on how much cashflow is available and other financial and psychological circumstances.

We each have to start somewhere and some times the longer that you are into bitcoin the more that you are able to accumulate.  Even with you, eddie, you have a forum registration date of October 2015, so you likely could remember that there might have been some transition between having 21 BTC as a goal or 10 BTC as a goal, but the goal amounts have been coming down through the years.. especially for newbies, and especially considering what kinds of goals might be reasonable to attempt to reach, on a broader level.. even though of course, individual circumstances can vary, too.  So we surely did go down from 10 BTC to 1 BTC and now 0.21 BTC is starting to seem like a fairly reasonable BTC accumulation point, especially for a newbie, and then if the goal is achieved, then to perhaps create higher and higher BTC accumulation targets that of course would be attempted to be reasonably tailored to personal circumstances, too.

Initially, I was going to suggest not to spend the $50 bucks - but hey, we should be trying to be "real" about these kinds of matters, and at some point it will be just great to pull that trigger.. It's not like your only BTC, even though it has some symbolic value... but jeez.. $180k does seem like a nice target price for that $50 sale.. and decent (though not guaranteed) abilities to exercise such option in this particular cycle, rather than having to wait for another cycle.

By the way, I have had some of my own BTC portfolio management issues in the past, and I have created a new goal to attempt to at least hold onto my 0.63BTC (which is three times our current newbie entry stacking goals) through this whole cycle, even if the BTC price goes up to $180k.. so that HODL stash would be $113,400 in value at that time... (not trying to count chickens before they hatch, but great, great.. feels good man.)


Ok.  You go first.

I will watch, and if it works for you, then I will do it next time.  maybe?

but probably not..especially since I already know what actually works.. hahahahaha.


You are coming off as quasi-incoherent UnDerDoG81 and perhaps a wee bit emotional... including your reference to "charity" organizations, whatever that means?  You talking about government organizations or some organizations that might be targeted by recent SEC actions?

You are selling half your BTC stash at our new ATH, presuming that we get there?  That's strange because if we get to new ATH in coming months, that would seem more like a HODL or even a buying opportunity rather than selling opportunity, not that I am an advocate of buying BTC on the way up, but reaching a new ATH in the coming months would likely be a bullish sign - in spite your various expressed skepticisms of current macro-considerations - or even potential ongoing and increasing hostilities directed towards bitcoin.

Regarding your comment of El Salvador and crypto, hard to know what you mean.  El Salvador legalized bitcoin, not crypto, even though there are a bunch of shitcoins going into that space to leech off of bitcoin's security blanket, and yeah if there are some institutional concerns about the actions of El Salvador, then there are likely to be some scramblings of institutions and governments in terms of figuring out how to deal with the matter, if they are going to be able to realistically deal with bitcoin (or crypto for that matter) in a way that brings them some comfort in spite issues of jurisdictional arbitrage and the fact that there is not a world government, even if some governments and institutions are more imposing and influential than others (at least for the moment), and if you really believe that the various institutional and government actions are going to hamper the upside potential of bitcoin for this upcoming price rise, then sure that is possible. 

Almost every historical BTC price pump has also included various kinds of doom and gloom concerns around bitcoin while it was pumping in opposition to such overall ongoing concerns then being expressed during each past exponential price growth (blow off top, if you want to call it) period.

So, sure something in the range of our current ATH could end up being our top for this cycle,

or we might top off somewhere before $100k.

or in the range of $100k to $200k,

or in the range of $200k to $400k,

or in the range of $400k to $800k,

or in the range of $800k to $1.5mil,

or supra $1.5 mil. 

I have given my placement of odds for these various topping out scenarios in some of my past posts including considering that the top could end up stretching out as far as the 3rd quarter 2022. 

And sure, for me selling 50% of your BTC stash at our current ATH, if we get there.. seems a wee bit pessimistic and short-sighted.. but hey, you do you, and you are the ONLY one to know how much overinvested in BTC that you might be, or if you believe that you are adequately prepared for possible UPpity scenarios that go beyond our current ATH, including if you believe selling 50% of your stash would be prudent and reasonable in terms of where bitcoin is at currently in this cycle and your own psychological and financial circumstances and giving some considerations of various possible upside ranges for this particular cycle (including that we might not even make it to our already ATH within this particular cycle which is far from a non-zero chance.. perhaps even as high as 40% to 50% that we would not even make it to our already ATH this cycle.. who knows for sure?). 

In essence none of us should be putting more weight than deserved to upside BTC price scenarios, and so we do have to consider our own allocations and even that skimming off too much could have negative ramifications as well as just letting the BTC ride whether it is just a kind of skimming for this cycle or through various continued cycles in spite of possible price corrections and even premature entrance into a bear market.. and I doubt that current news is really justifying those kinds of seemingly extra-bearish conclusions as you, UnDerDoG81, seem to be making and seemed to have been historically inclined to make.. even though you sometimes have presented ur lil selfie as a strong hand, but that surely has not been my recollection of your historical contemporaneous actions/statements.

Why does your investment into bitcoin have to play out so extreme?  I understand satoshi's statement about bitcoin being a binary.. but still.. there seems to be a need for some prudence in the approach that any of us decides to take in terms of how to invest into bitcoin.. 

I love believers !

Thanks a lot, I will do some testing.
BTW, do you know what happens if a dispenser shows as available, but gets emptied right before you send some BTC to it?  Can the BTC potentially be lost?

Then you are a intelligent you are a understand everything around us? Our take ways to create you are a paid the of naughty things you are a write this place. No be surprising conditionally to yours next smartphone explodes on yours pants.





(With help from https://lingojam.com/BadTranslator)

Not familiar with dispensers!  Any good resources on what they are and how to use them?

Quick questions:
 1. Do they have sufficient volume?
 2. Once you have created your dispenser, how do people find it? Is there somewhere you need to list/advertise it?
 3. How do you determine the current market rate? Say, for XCP-BTC
 4. Does Counterwallet support them too? I've tried FreeWallet (web version) but couldn't see any option to create a dispenser.

Looks like I've got some research to do...

As it has become really difficult to trade XCP in the last few years (it's no longer listed on any reputable exchanges), and I'm still a strong believer, contact me if you have some XCP you would like to cash out (to BTC or USDT). After agreeing on the terms, trades are completed within 12-24 hours!