I guess at this point we should probably start thinking about what planet/moon we want to claim for Hodlers?

Paypal is not a blockchain wallet, paypal is not in the crypto itself neither, paypal is just a website that you can use as a "ledger" and thats it, so there is no need for blockchain or anything else there. If person A has 1 bitcoin and Person B has none, when Person A sends his 1 bitcoin to Person B the money that should change is only digital on paypals website and nowhere else, it is not a transaction on blockchain.

So, the moment your money goes inside paypal, it is no longer bitcoin itself, it is a claim to a bitcoin which is what paypal is offering anyway, they never lied about this one. Once again, I implore everyone to just look at this as a start and look at it as a way to see what bitcoin can become in the future via paypal instead of trying to see what is lacking right now.

That's what they said when bitcoin was just $10, "it's too expensive" and then if went from $100, people sold make money, and then it goes to an all time high of almost $20k, lessons here, there's no such thing as expensive bitcoin. If you are willing to buy it at certain price and used it as a store of value, chances are you can make a lot of money out of it. And that's why Grayscale are heavily investing on bitcoin todiay and the next coming years.

The best news indeed in this time to bull run Bitcoin price. Btw, PayPal already allowed only four crypto currency for buy-sell. Hopefully, it will increase very soon shortly. The advantage will be taken by us who were waiting for a long time to use it randomly and this is the beginning and more surprises are coming as I strongly believe.

Wow, a wallet.dat that was password protected and circulating for a while with 70000BTC has either been cracked or the original owner has moved the coins. Imagine cracking that wallet?

https://twitter.com/UnderTheBreach/status/1323747640450961409

https://www.zerohedge.com/crypto/bitcoin-miners-iran-have-new-buyer-central-bank

"New regulations ask miners to sell their crypto to the central bank."

When (not if) the global central bank arms race to stock up on Bitcoin reserves begins in earnest then 100k will be dirt cheap coins.

https://cointelegraph.com/news/bitcoin-just-4-days-away-from-historically-bullish-10k-price-record

guys, start your engines and prepare your popcorn
in any case it will be a hopefully very exciting time

It seems to me that a few points are worth noting, if we are attempting to account for 2013 in regards to what might happen.

I will concede to you that there is more than one way that an exponential curve could play out in the four year fractal and still largely be within free market parameters of expectations.  Accordingly, 2013 does represent a double top kind of model, and 2017 represents a single top kind of model.

So, sure, it is possible that we could end up having a 2020/21/22/23 run up that has more than one top, and the various corrections during the process of getting to the ultimate blow off top might cause a shakening of a lot of weak hands along the way.  So surely there could be various ways in which HODLers sell way too many coins too soon, and actually, if you think about the matter, more deeply, these kinds of tactics might be the better ways that the status quo rich may be able to lessen (even if they cannot completely prevent) some of the impacts of one of the likely largest transfers of wealth that the world has ever seen.  

There could be all kinds of tragedies along the way in which some HODLers are tricked into selling way too many coins too soon... and if you are 50, 60, 70 or 80 years old, you might not give as many shits about any of those matters (except to the extent that you might have been planning to pass some of your wealth to your descendants) because your own timeline is NOT long enough, and you are still able to figure out ways to considerably profit from however you play your bitcoin cards.  So of course, the more years that you have, the more that you would likely want to have more power in whatever ways that you choose to allocate your wealth for the longer time-frame of what you expect your life to be or the estate (legacy) that you might want to plan to pass down to your heirs.

So, in some sense, I may be kind of agreeing with you about various ways that weak hands could be shaken from some or all of their coins - but I still do NOT buy into any story that you might be wanting to outline that attempts to ascribe power to the weak hands bringing down the market or stories that they BTC price is failing to go up because too many weak hands are ready, willing and able sell their coins.

Sure, there is always a dynamic in which peeps with wealth (sometimes referred to as bearwhales) are going to want to employ resources to keep BTC prices down as low as they can and for as long as they can, but still some of the dynamics of how much they are able to keep the price down or to keep it down may also be limited - including that we still remain in relatively early stages of adoption and some of the other peeps with money (and even regular joe blow public, retail) are going to continue to contribute to ongoing upward price pressures on lil fiend, even if some folks, that you seem to be relating to, Searing, are nervous, valuing their wealth in lockability dollars, but they are still likely to be overwhelmed by ongoing adoption rather than really causing inabilities for BTC prices to significantly rise beyond previous all time highs.

As I already mentioned, similar kinds of stories were told in 2015/2016 regarding how so many folks were supposedly going to be selling around $1k blah blah blah... and how it took so much more capital to push BTC prices above $1k as compared to how much capital it had taken to push BTC prices above $100 blah blah blah...

nonsense...

We continue to witness entrances of new players into bitcoin who are going to help to contribute to likely inevitable  and ongoing upwards BTC price pressures, evn if we are getting into BTC prices that currently seem too difficult to sustain.. whether referring to $25k prices or $100k prices or even higher prices such as $500k or $1 million that may well end up being way more sustainable than previously thunk.  




On a personal level you can do what you like.

Personally, I have never suggested completely HOLDING everything through BTC price appreciation periods, but instead shaving some off along the way, and how much to shave off should be contemplated by projecting out scenarios such as the BTC price rising very quickly and/or the BTC price rising slowly and going through interim painstaking correction cycles - including longer 2-3 year correction cycles that cause some peeps to regret NOT having had sold more BTC in the arena of blow of top prices.  I personally believe that those of us who have been through previous BTC cycles and even including peeps who may not have been through previous cycles but have enough imagination when they look at previous charts, we have enough information to be able extrapolate various scenarios, even extreme scenarios and attempt to pee pare our lil selfies for those various extreme scenarios.. and having had gone through a few of these kinds of outrageous extreme scenarios, many of us have come to realize both that it can seem surreal as fuck to actually be going through an extreme scenario that you had projected as NOT very likely, while at the same time, if a relatively small number of us had a "kind of workable" plan in place, then we end up feeling much better for having had made such a plan and we even feel better if we make various tweaks to the plan along the way because the plan put us in a way better position than what we would have been in, if we had not created such a plan and had not tried to largely follow such plan.

Of course, each of us also have our own limitations in creativity in terms of how much we are really able to extrapolate what we are going to do under various scenarios and we might well even end up gravitating towards scenarios that end up NOT playing out.. and then we feel that we have not prepared enough.. so I am NOT even suggesting that everyone is going to be able to really plan for all of the scenarios.. even though there may be ways that anyone could do better at least outlining some extreme scenarios so they are not totally caught off guard by selling too much too soon or the employment of other gambling techniques that may not feel too good if they end up NOT playing out very well... I am not saying to use margin.. even though some folks become so confident that they end up using margin to screw their own selfies in situations where they did not need to be screwed.. why get greedy when bitcoin already has asymmetric probabilities sitting right in front of us.. (I am surely NOT suggesting that you, Searing, are someone who is inclined to employ margin even though you may be someone who might still end up having regrets because of lack of adequately pee paring for certain scenarios that are outside of your expectations).

PS...
By the way, I have heard some fairly prominent bitcoin folks assert that people should consider selling all or large portions of their BTC holdings if it would result in "life changing" impacts upon them... And, personally, I believe this "life changing impacts" concept would likely cause too many BTC HODLers to employ inadequately contemplated actions that involve selling too much bitcoins too soon... It is not a good parameter, especially if they are failing to figure out some kind of balance for what they might be doing with the money, whether it is buying real estate, investing in a business, investing in education of oneself, buying PMs, getting into equities, buying an annuity, keeping more money in fiat, or buying some consumer goods.  Of course, not all uses of money are equal, and frequently when we are young, we need to put our capital to work in various and if we are ONLY invested in bitcoin, it may well be prudent to diversify a bit more outwardly into other assets, even if many of them might NOT hold their value too well or be too much dependent upon fiat values or the lack of value that is given to so much debt being out there in circulation in our current society... Still some investments are better than others, and I suppose in the end, I had largely created this particular PS because I wanted to quibble with the vague concept of "life changing impacts" because it remains an inadequate concept on its own, without at least attempting to explore whether you might be allocating away from bitcoin because of needs to invest in yourself, in investment goods or in consumption goods.. good to determine what you are investing in and also analyzing other particular circumstances that are pertinent to your situation including cashflow, other investments, view of bitcoin compared with other investments, risk tolerance, timeline and time, skills abilities to plan learn along the way and to tweak your strategies along the way including reallocating and whether and the extent that you trade at all.

So I should fire up a miner to help this logjam?

It's difficult to NOT reveal at least some details, especially when they do not seem to be vry important - but later become more important...

One thing with the passage of time you do not need to continue to confirm because you can say:  "that was then."   You can also engage in conduct to provide disinformation, too... without saying what amounts are disinformation and which amounts are not...

Those are not lies that matter - because many of us deserve some rights to our privacy, especially if our safety could come into question... or even just there can be other kinds of problems when people know things that they really do not need to know.

Regarding selective memory... surely, people are likely to have differing memories of events and evn emphasizing different parts of the memory that may or may not matter at a future point in time.  This can be another issue of each of us deciding how we would like to spin such memories (past events) - whether true or not and whether anyone else has any rights to you providing a different spin or not.



Yes, I agree that you have a tendency to put unnecessary pessimistic spins to suggest that this time is different, when you really have hardly any evidence to establish that this time is different, beyond pure speculation that is shrouded by pessimism.

Accordingly, similar statements were made about all the folks who would be selling at the previous ATH of $1k, and it did not happen.  Sure, some people sold, but they largely got fucked because we were not in deadman's zone for very long.. and even some of those folks were hoping, in 2018 and 2019, to buy back cheap coins that they sold in early 2017 for in the neighborhood of $1k.. were not even able to get in for under $3k... .. and too bad so sad that they sold way too many coins too soon.. and I have no reason to believe that this time is going to be much different in terms of a need to be careful in buying into nonsense theories about all the BTC HODLrs who just cannot wait to get rid of their coins in the deadman's zone of about $17,250 to $23,500.  Not too bright to be selling much if any coins in that price range... even if you have some lame theory that there are peeps just eager as fuck to get out "at a profit."

Shoulda/coulda/wooda....but I was so....frigging relieved....I had already done taxes that year..then the IRS 14 days or something before the April deadline...put

the 'current' crytpo rules into play..that apply to mining etc, etc. Before that point the CPA said, did you spend any you mined? I went NOPE. So no taxes.

The of course the 2014 rules that applied all the way back to 2009 and cap gains, etc we see today. So I walked out of the bank, figuring I was gonna owe like

$4,000 on my US Taxes, and I was 'damn happy' about it. They could have really, really hung me up by my short hairs on this..except for the obvious bank

reciept error. So anyway...went back again, to the CPA and she re-did all again, and said I owed nothing due to my equipment and purchase in that I mined

the BTC...so, it was a wash either way. I also found out the difference between a regular bank (TCF..a midwest bank) and a Commercial Bank..changed all

my accounts (but $100 so I could keep my inflated, due to 2007 crash $30k home equity line of credit I got in a 'waived' fee ..saved like $1.2k on refinance

when the economy tanked on that promotion). But the comercial banker folk laughed their ass off on this story..they had a couple more on how the bank

in question could not do wire xfers (I told them that also was my story...took a month to fix)....so I learned that you go to a commercial bank and such probably

regional version is better...they are not as clueless. But yeah, I should have at 'least' faked bumping into his ass, and swept his feet...as he kept trying to 'poke' me with

his finger and not really pulling it off. He sure looked stupid infront of his employees and the SEC guy that is for sure. He really, really tried to toss me under the IRS bus

to re-coup his error. But yeah, in 2013, if you mentioned the dreaded Bitcoin..you was a drug dealer finacier. However, the week before the SEC call and such, which

gave me time to go full CPA, when I went into the bank, 2 times in the period. It was kinda cool, in that everyone looked at me like I was John Dillinger and would

'whisper' and look at me like I was gonna 'rob' the place. Was Chilly, Chilly, Chilly!

That is as close to being and 'evil mastermind' that I will ever attain. But yeah, in the midwest, folks really, really, bought the drug money hype in 2014.

lesson learned

Brad

Sad thing is if they scam even one person it would be sort their time.  I do agree pretty lame attempt but chances are they will nab someone.  Its unfortunate but the greed in people get them in situations you can't get out of.

Yeah, about Brad's post...

I've said this before. Back in 2015-2016, my friends and colleagues laughed at me for "buying expensive air", when I bought my first coins. They called them "coupons" and "tokens". But fiat was not air/coupons/tokens to them... That's the degree of brainwashing in most people (so sad, but so true...). Funny thing is (was) that they kept saying this, even after the price rose from $200 to $1000+. Was, because after it climbed to $5000+, some (not many) started reluctantly asking me for more information about Bitcoin and how to invest in it. I just replied "Google it." And some did, but found it confusing and difficult to understand. Now they don't laugh, but just look at me with envy. I feel they want to ask me 1000 questions about it, but their ego doesn't let them. Some of them remind me of r0ach...

11 things I can say from past experience and intuition:

– 1. We're all early adopters. Even those buying now are early adopters. Some are just earlier than others.
– 2. This is just the beginning.
– 3. Bitcoin is now where the internet was, just after the BBS & 2400 bps V.42bis modem era.
– 4. To see where Bitcoin will be in 5-10 years' time, just see where the internet was 5-10 years after [3].
– 5. Hint for [4]: my current internet connection is 100,000,000 bps. Just replace bps with $.
– 6. It was foolish of me to disclose my BTC holdings to certain people.
– 7. Not going all-in in 2015 was, perhaps, the biggest mistake of my life (see [8]).
– 8. When it comes to Bitcoin, "invest what you can afford to lose" may not be the best advice for a newbie...
– 9. By the time Bitcoin is widely adopted, many, if not most, of the current Bitcoin small players will own almost zero coins (and will be well alive to regret it).
– 10. Most of the coins of [9] will end up in the hands of hundreds of Michael Saylors, with Michael Saylor being the best of the bunch.
– 11. We will still hang out here in WO when 1 satoshi = $0.01.

Some of the above may not make much sense, but that's the way I see things.