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A wonderful Saturday morning to all WOers.
Used a Starbucks capsule for my coffee today. Tastes nice. Nespresso is a smart invention (for the lazy ones like me)...
Nice, long, green candles! This is almost chart-pr0n. No, chart-pr0n will come after we breach $100k.
$61,222.22 today's top, $560 shy of the current $61,781.83 USD-ATH (Bitstamp).
50,700 € today's top, 300 € shy of the current 51,000 € Euro-ATH (Kraken).
Will they be breached this weekend? Or today, even?
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[...]
...don't buy a "portfolio" of alts instead of bitcoin. You will lose in a long run.
I can confirm that. In the beginning of 2017, my cousin invested $5k in various cryptocurrencies. Currently he is in profit. His cryptocurrency portfolio is worth around $15k. Not bad. That's a 200% gain over the course of just over 4 years. No bank could ever offer that. Cryptocurrencies are so good, aren't they? Here's the fun part: had my cousin invested his $5k solely in Bitcoin (as I suggested to him, but he didn't listen to me, because "it's too expensive"), he would now be the owner of 5 BTC = $290k. That's a whopping 5700% gain over the same period as above.  |
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 FTFY. |
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There's something pure and original about ABBA. They remind me of my carefree days of youth, when we never locked our homes and knew everyone in the neighbourhood. |
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We all hate shitcoins. I do too.
But, maybe, just maybe, shitcoins are a blessing in disguise. They do seem to help in a few things:
-- Sort out the opportunists from the serious investors.
-- Sort out the thick in the head from the smart.
-- Stress-test (and confirm) Bitcoin's unprecedented robustness and fault tolerance.
-- Weed out cancer cells, such as Craig Wright, Calvin Ayre, Roger Ver, and Jihan Wu.
-- Suck wealth out of "get rich quick" traders, just like maggots eat rotten flesh.
I often get angry when I see posts shilling shitcoins. But I shouldn't. To all shitcoin shills, I say: "Bring it on! Give it all you've got! Attack Bitcoin as fiercely as you can! Let the strongest survive!" After all, that's how the universe works. From the wild animals of the jungle, to the highest level of refined civilization. Survival of the fittest. So, bring it on, and let the winner take all.
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All is fine.
I vote for Bitcoin as it currently functions on-chain. And I vote for 2nd-layer solutions for coffee purchases. We've all seen what's happened with BCH (a.k.a. bcash LOL) and BSV (a.k.a. Craig Wrong - Calvin Ayre pedo-island coin)...
I trust Bitcoin's future in the capable hands of the brilliant coders in the core development team, that slowly and extra-carefully add new elements in the code (SegWit being the most important of them so far), all under a strict consensus scheme. It's easy to criticize and suggest changes, big blocks, changes in PoW, some even want PoS FFS, but it's not at all obvious how those changes could affect the robustness and stability of the network. Just let 2nd-layer solutions handle coffee-sized purchases, and if they fail, get rid of them and develop new ones—the core network remains unaffected. It's a win-win. Don't mess with something that's proven to be the most successful network ever invented, with 100% uptime since 2009.
If anything, higher fees can serve as a spam deterrent: "Wanna transact on-chain? You'd better be serious about it." Just imagine having to pay $0.10 for every email you send. Email spam would be zero. I'm OK with that. Let 2nd-layer solutions gather your yearly espressos, cappuccinos and lattes with near-zero fees, and commit them all in a large $1000 on-chain transaction, with a $5 fee.
My 2 sats.
Edit: Updated my 2nd-layer solution example with more realistic numbers.
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I added "2x per year" trend lines to his chart...  It looks like his 200-weeks graph follows that "100% a year" trend quite nicely. It's just too many people started talking about "200% a year" lately, even Saylor, which is annoying. Saylor may be talking about instantaneous price value, not averages, or we don't know his averaging parameters, or he may be excluding certain events as outliers. It's all a matter of interpretation, averaging horizon, etc. Some predictions talk about $400k/BTC by the end of 2021, so that's a 1200% gain for 2021 (assuming $30k/BTC at the start of 2021)... Wild, sure, but does King Daddy care? Personally, I consider a "stable" price of $100k/BTC by the end of 2021 to be a realistic, healthy, and pretty damn good scenario. That's a 230% gain for 2021, which pretty much agrees with Saylor's Crystal Ball TM. By "stable", I mean safely above $100k, say, $120k-$130k, with the usual volatility and ant-pump/dumpenings. These are all SOMA guesses of course, as I believe SOMA guesses to be the best price predictors. No math or science involved—I leave that to our resident expert, the singing llama. Edit: I calculate % gain as 100 x [V(t) - V(t-1)] / V(t-1), i.e., a 2x gain is a 100% gain. |
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$56k and rising. <--- This is fine.
No singing llama posts. <--- Worried!
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If for some reason you decided to buy your first BTC this morning around 9AM forum time, that sucks.  Buying the top and hodling hard beyond a new ATH is part of the transformation to a Bitcoiner, isn't it? If it doesn't kill you, it makes you poorer. Now that's the birth of a new proverb What doesn't kill you makes you poorer richer!
FTFY. Why poorer? If anything, HoDLers came out so much richer after 2017... Instead, mindrust is dead (read: nocoiner) and poor. |
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^^^ "de-bozo"... That's a nice one! The act of "de-bozoing" someone out of shitcoinery...  |
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I am not anti-trusted layers... but I will not be parking any significant value on any of them, that's for sure.
Yes that’s always true “Not your keys, Not your coins” One question how much can we trust these third party wallets then? Specially these wallets on our mobile apps. Although they give us access to the private keys but still can we trust them? I have been using Jaxx. But often I will open my wallet to confirm my coins are still there or some developer of Jaxx have already transferred my funds to some cold wallet :p My coins are in cold storage only, just a small amount to fck around with shitcoins is on exchanges. Delta gives me enough overview of everything, no need to access my coins via phone. Same here. Delta for a price overview (no specific portfolio of my coins in there, not even via a password), and all coins in cold storage. Actually they're literally freezing cold, considering they're now at the bottom of the sea after my boating accident. Now I stack Doge and pray for a dip below Vegeta levels. |
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Well any way... sorry to tell you guys... but you all are wrong... it's an ant!!  You are wrong, it's an Elephant Ant!!! Such huge, I never seen in my life 😂 Naah. It's an elephANT! |
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[...]
Main theme: You still have keys to your btc, but able to lend it out.
Sorry, Biodom, but the above highlighted statement doesn't make any sense. Either you misread it, or they're lying to you.
Edit:WOers: just try to be extra careful in what you believe out there. Now that Bitcoin is slowly but noticeably gaining the recognition it deserves, and its price is approaching $100k/BTC, there will be loads of "profit schemes" (this reminds me of something) appearing like mushrooms, to tempt you into giving custody of your BTC to them, so that you can "earn interest" by lending your coins out. So, you could end up handing over your precious keys to some website that promises 10% interest or other tempting offer, and at some point you won't be able to log-in, and then you'll know your coins are gone! Don't be greedy. Bitcoin's price has risen so much over the years, and will continue to get even higher, up to $millions/BTC. What more do you want? Does an extra 10% gain on your stash really justify handing over your keys? Fuck NO!Don't be a fool. Don't be a weak hand. Don't mindrust your stash away. Just HoDL. |
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Cute little ant-pump.
The aforementioned 50k € / $59k sink is holding strong I see... $60k is proving to be a tough nut to crack.
So close, and yet so far away...
Come on, Bitcoin, do something! You nasty, kinky, sexy orange fuck!
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first one who guesses my end destination somewhere around here gets merited
One clue I’ll be here all day and tomorrow probably
moon obvious answer is obvious answer. Confirmed by current price action. Keep going, Dude! |
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first one who guesses my end destination somewhere around here gets merited
One clue I’ll be here all day and tomorrow probably
Probably too far away, and not even possible due to COVID-19, but... ...you're crossing the border, visiting Citadelle de Lille. |
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Is this a haiku?
I have a feeling
Bitcoin will rise to the moon
We all will be rich
Sorry I just used to write normal poems, didn't get that haiku seed in me.
Anyways, happy Easter and stuff, remember to drink enough (I know the Dude and Bob are for sure).
Yes, this is a fine haiku. Both in execution and in substance. |
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I would like to see Bitcoin at $1,000,000 as much as anyone in here, but will be hard to enjoy it while eating a $1000 big mac.
The only way this can happen is if you buy that Big Mac now with Bitcoin. |
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@Jimbo is an exception.
Most older men I knew did not last more than 10 years after retirement.
Of course, if you manage a ranch or a complex investment portfolio, it could be a different story.
Rolling Stones never retired (Keith and Mic are both 77). Not for the lack of funds, right?
Same for Paul. They do what they like-that is probably a solution.
I "retired" (i.e. stopped being an employee) in my 20s. It's indeed all about doing what you like. The stress of disrupting your lifelong routine is what kills people. Get that crap over with while you're still young. If you look it like that it's the same for me, early 20's. Been doing what I like and haven't been "an employee" for a very long time now. I do my own schedules and work when I see fit. Obviously it's not been so great moneywise all the time but still better than slaving for "normal" wages. Same here. I've been doing what I like since my 20s, and would pay good money to do what I do now, so I can't complain. Money-wise it's just the average salary, won't make you rich, but there's Bitcoin to take care of that.
In other news, it seems that there's a sink (think non-linear dynamics) around 50k € (around $59k). There are fat-ant dippenings, that are quickly counteracted by equally-sized pumpenings. Someone earlier mentioned a dick that's ready to burst—that's a nice analogy that prepares one mentally for the things to come when we reach $100k (hookers and all). Off to to visit my little nieces/nephews soon (against COVID-19 restrictions, I must admit). Hope to see $60k behind us when I'm back. Take care all, have a great weekend. Dippenings, pumpenings, thanks JJG! #nohomo |
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