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Another ATH ($55k)...
I like lighting candles in Bitcoin's church!
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LOL. About time for those BitCloneCoins to disappear for good. I wonder how the Wright / Ayre / Ver gang is doing...
Damn, looks like the rocket has launched and is picking up speed. 45k € broken, $55k to be broken soon. This is gentlemen! |
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Nice ant pump.
44k € imminent.
$53k crossed.
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I am 28 with 12 Experience-Points  ... I couldn't convince my father in bitcoin. He text me the Price if it's goes up, but he don't want no for himself. But I bought for him anyway, after I bought him a car and he gave me a little money to not have a bad feeling, that I bought him a car - march 2018 the btc was falling. So someday, I gave him a huge amount of money, and he can spend it I also couldn't convince my brother. At least not yet! I stopped trying to convince people. Now others are trying to convince me to show them how. Yeah, right. It was fun for them when I was trying to explain Bitcoin to them and they were laughing at my face. "Google it" is my reply now. I can't be bothered. I only did this because it is my family. I don't care about other in this case Yes, I can understand that. One of my family members listened to me. He is 4x of what he invested. If he had not played with shitcoins he would now be 12x. I calculated it for him, but he now insists altcoins are his way to the moon. Good luck to him. BTW, another ATH: $51,316.71 $51,459.29 Yep... a kind of gambler's mentality that may or may not end up working out. Seems that the odds are against such mentality playing out to make up for losses that he already made by failing to adequately be in bitcoin and what he would be able to achieve by just sticking with king daddy. Never know? Never know? in terms of gambling actually paying off and surely if he does end up picking his shitcoins correctly, AlcoHoDL, you will probably never hear the end of it, just like you are likely NOT going to forget his ongoing dumbness for already having had underperformed because of getting involved in shitcoins nor will you forget if his portfolio underperforms bitcoin (to the extent that the gambler actually discloses the truth to you, and gamblers do tend to have loose connections with actual truth rather than the truth that they imagine to be the case). So true. It does relate to those psychological threshold I commented on, in my earlier reply. Humans tend to act on emotion, intuition, gut feeling and assumptions that are not always based on facts. This, coupled with weak (or non-existent) understanding of the coins (including Bitcoin) that they invest in, could lead to sub-optimal performance at best, or a complete disaster at worst. From my experience in advising others to invest in Bitcoin, the "Bitcoin is too expensive, I cannot possibly buy one" line is the number one reason newbies tend to choose shitcoins over Bitcoin. Perhaps it's time to adopt mBTC (of even satoshi at some point in the near future) as the unit of value of Bitcoin. |
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$50k was a major psychological boundary. As was $10k before it. And maybe $20k. The next one (in my head at least) is $100k. $60k, $70k, ... etc., should be easy to pwn. For the electronics engineers among us, look at the H/V scale of an oscilloscope: x10, x20, x50 x100, etc. Things are looking up. Literally! ...and flowers are green.I am thinking that if I agree with you, AlcoHoDL, which I seem to, and that means, I better get my shit together and start setting my BTC sell orders above $100k. As I said earlier, I had most of my BTC sell orders up to about $35k that had been set since about late 2017, and sure I tweaked some of those BTC sell orders between late 2017 and about October of 2020, but those BTC sell were not really put into question until about early November 2020 when $13,880 was broken.. and we kind of went on a tear since then.. and even if there were some signs of an impending tear in September/October. So, yeah sometime in November 2020, I had to make sure that I had BTC sell orders up to the $50ks, but then it did not take too long before those up to $50k sell orders did not seem to be sufficient - so in about late December we had broken pretty decisively through deadman's zone (which was the $17,250-ish to $23,500-ish) price range, and there seemed like no real desire of king daddy to either stagnate or to have any meaningful corrections until about early or mid-January, but already by late December, it seemed justifiable to me to make sure that I was covered with my buy orders up to $100k - and now, I am thinking that I should cover at least through $150k, but probably it would be more prudent to get my BTC sell orders set up to $200k.. because none of us can really appreciate how fast things might move, but setting the sell orders up to $200k would likely allow me a wee bit more breathing space in terms of at what point the next setting of BTC sell orders might get triggered because as you seem to suggest, AlcoHoDL, a quick doubling becomes decently easy to achieve in bitcoinlandia once certain thresholds are passed.. and I cannot really argue with that way of framing our current BTC price dynamics. I hope I'm not steering you towards a sub-optimal strategy, Jay. Psychological thresholds do exist, and breaking them is harder than any other random price value. It doesn't really make any sense from a purely scientific/mathematical point of view. It's the same when you ask someone about the chances of rolling a dice 6 times and getting "3, 1, 4, 3, 6, 2" vs. "6, 6, 6, 6, 6, 6". Most people would give the first sequence a much higher probability than the second sequence, when, in reality, they both have exactly the same probability of occurring. So, we should pay attention to those psychological thresholds and boundaries, because they do occur, since there are humans involved in the trades. Regarding {..., x10, x20, x50 x100, ...}, that's always been the standard scale for many different things. Will there be any relevance to Bitcoin price action in the coming days/weeks/months? Who knows? In my case, I don't put sell orders in future dates, except for tiny amounts of coins (maybe up to 1 BTC) which I keep on exchanges. The vast majority of my coins are in cold storage, and cannot take part in automatic trades (not you keys...). I'm OK with that. I know that by following some type of plan or strategy for making use of my coins, could end up increasing my stash and/or fiat wealth, possibly substantially, but I have chosen the path of HoDLing, which gives me the peace of mind of keeping my coins outside of exchanges, and not having to worry about setting up buy/sell orders and always being on alert for trading adjustments, etc. I'm not a greedy person (at least, I'd like to think so), and I'm more than satisfied with what I've got. I don't want to mess with something that's already actively freeing me from any financial dependence and allowing me to make most of my (not too grandiose) dreams come true. hard to be productive when btc is on ATH rodeorocket launch.
But you are productive! You own Bitcoin, don't you? That's a bit of a stretch of a way to describe "productive," even though I cannot really disagree with that concept, either. There is something that seems unique about bitcoin involvement that makes it seem as if mere speculation might need to be reframed into a kind of productivity, even though there are quite a few bitcoin naysayers and even folks who are against traders that like to suggest that "trading" is a kind of pariah activity.. sure, I am convoluting the concept of speculation and trading, but whatever, I don't claim to be any kind of genius with my various spur of the moment spewing of opinions. My above comment to 600watt was meant as a semi-joke, with a hint of Warren Buffet wisdom. It's a fact that simply owning BTC for 5+ years has "produced" wealth that is substantially larger than the wealth both my parents combined have managed to produce in their entire working lives. Now, I know that waking up in the morning richer than when you went to bed the previous night may not be considered as being productive in the conventional sense, but I'm happy regardless of how one may call it. It beats any other form of income in my book... |
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The point is, comparing things/events from the past to one of current time (and the future), which are not even very similar, is just wrong in most cases.
I mean: Tulips? REALLY?!
EDIT: Bitcoin is the first real counterweight for fiat money. How can somebody, even a so called "expert" even compare this to the irregularly crazy tulip mania?
Stupid questions: I've always wondered... How did the owners keep their tulips in good condition? Weren't they worried that they may dry out and die? How long can a tulip even last? I would be very worried if I had to take care of my Bitcoins like plants. You know, water them, get them out in the sun, protect them from pests, feed them with nutrients... Hard work! Fortunately, my Trezor and/or paper seed backups don't need anything to survive, not even power. Maintenance-free forever! Maybe a tuliptologist has an answer for this. But onions for example hold also a long time if proper stored... I think... ... tulips garlic and onions all have bulbs that are perennial. Garlic and onions are alliums and the dried bulbs can last 12-18 months at the extreme in perfect storage conditions. ... the tulib bulb mania was to do with the speculative frenzy that came about when derivatives were invented to hedge/gamble on which bulbs would be in fashion for the next growing season. tulip flowers produce new bulbs at their base at the end of the flowering season and there is always, still today, a robust fluctuating market in different bulbs based on the colours, stripes, size, etc of the flowers .... a lot like shitcoins someone figured out how to sell futures on rare fashionable tulip bulbs around the same time there was a general speculative mania in dutch coffee houses share trading from governments creating easy free money while experimenting with fiat money ... sound familiar? Good info, thanks! |
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The tulip comments made me think of the following (obvious, I know, but just thinking about it makes one realise the power of Bitcoin):
This is the first and only type of "money" that you can keep/store inside your head, or write down on a piece of paper. Think about it. Nothing else has this property. The username and password of your bank account is not the same, because it's the bank that will still have to authorize anything you want to do.
How can "experts" like Nouriel Roubini spew such nonsense? How can anyone (who is capable of understanding the tech) not be awed and instantly embrace it? It's just mind-boggling. I can totally understand Andreas Antonopoulos' comment that, when he realised what Bitcoin was, he was totally hooked, to the point of devoting himself to studying it 24/7, and losing something like 10+ kg by not eating or sleeping properly for a period of time.
All WOers, realise this: we are all active participants and witnesses of history in the making. It's a privilege few understand they could have. It's the realisation and understanding of the tech and its implications that counts, not owning BTC per se. But it's impossible NOT to own BTC when you have realised what Bitcoin is. Knowledge --> Ownership --> Wealth. Logical conclusion: nocoiners either do not understand Bitcoin, or they are so poor as to not be able to own any (i.e., they're either stupid or unlucky). Sucks to be them!
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The point is, comparing things/events from the past to one of current time (and the future), which are not even very similar, is just wrong in most cases.
I mean: Tulips? REALLY?!
EDIT: Bitcoin is the first real counterweight for fiat money. How can somebody, even a so called "expert" even compare this to the irregularly crazy tulip mania?
Stupid questions: I've always wondered... How did the owners keep their tulips in good condition? Weren't they worried that they may dry out and die? How long can a tulip even last? I would be very worried if I had to take care of my Bitcoins like plants. You know, water them, get them out in the sun, protect them from pests, feed them with nutrients... Hard work! Fortunately, my Trezor and/or paper seed backups don't need anything to survive, not even power. Maintenance-free forever! |
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LFC Bitcoin Price IndicatorTM: $292* (484% gain)Onwards & upwards. HoDL.* Explanation.
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43k € [Kraken]
Congrats Euro-WOers!
Edit: And soon $52k.
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A work of art, as always! |
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I have no idea what this means.. I just like how it looks... linear lines... log chart.  Dunno... Looks exactly like a pair of Puma shoes I once had. |
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/\ BTC 100K now gooo+    >_> kaboom!! Okay. Now I know we're taking $60k this week! |
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Attack for ants forming.
$52k pwned soon?
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My 2nd comment was in response to the "no trolls" post by The Dude, and was meant as a semi-joke...  Of course things are looking up! Local dumps are just ant noise... |
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Bitcoin was just featured on the BBC due to it going over 50K.
GF asked so how high will it go.
My answer: "$10 million by 2026"
GF: "No way, there's no way you can go from 50K to 10million"
Me: "Would you have believed it going to 50K when it was at 50cents in 2011?"
GF: "True"
I hope your GF doesn't know the real quantity of your stash... If not, keep it that way...
Fuck it. Snow outside, but I need a walk... $52k when I'm back. |
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btw actually where are all the trolls @ @the moment ?
Exactly. No trolls... I fear there will be a big correction soon. |
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One can talk Bitcoin up to infinity, or down to zero. The thing is, King Daddy doesn't care. Math & science is never overly bullish, nor is it overly bearish. It will do precisely what it should. https://youtu.be/Um5KYud9PMg |
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The road to 50k € has been paved.
Enjoy the ride, Euro-WOers.
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