t is the ultimate marshmallow challenge. Many of us have lowered our time preference so much we are just not going to let go of much even when it does go up quite a bit.
For me personally the formula revolves around comfortable retirement and a little diversification into property. I just don't want to spend much money on stupid shit, or even living large. And I am acutely aware that the longer I wait the more I will be left with in the end.
That is where the real crux is, in my opinion. Where that point is for each whale/minnow.
You sir, are very wise. Anyone not following a similar recommendation/approach is going to end up with massive regrets before they die. I see so many here joking about blowing their bitcoin "winnings" on fancy cars, frivolous shit and such, and inwardly I know some of them aren't really joking. Except it wasn't Wekkel that said this, it wad cAPSLOCK... Wise words nonetheless... |
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It's $1000 we're talking about.
Give it another 3 months. Oh yeah... Poor Bossian... BTW, what just happened? Is Bitcoin dead? |
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I feel for mindrust too. Jokes and memes aside, it's not a good situation to be in. I hope he's secretly bought at least one piece of corn, and has not yet transformed into a r0ach-like entity due to bitterness and hatred.
As for Bossian, it's easy to talk, but tough to act. It's $1000 we're talking about. He'd better pay up, or NEVER set foot in WO. Ever. Fucking stupid, dishonest joker.
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Appointment with the dentist... Got to disconnect...
$20k+ when I'm back!
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I have a confession to make.
I always fantasized about proudhon being female. Like "Proud Honey" so to speak.
And now I really want to... you know... with her.
Where is she?
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LOL @ Bitstamp USD ATH broken by $1.  By $1? Check again! |
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Feeling horny right now...
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ATH now?
Math & science says YES! |
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In other news, we just crossed $19,000.
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For European residents, I can vouch for Kraken. Been with them since 2015. No issues. Deposits and withdrawals have gone through (although withdrawals were for very small amounts—don't know what will happen if I request to withdraw a lot).
There was a time (around 2016-2017 IIRC) when their servers were slower than a CASIO calculator, which actually protected me from selling some corn by failing to execute a string of sell orders. My current stash would have been much smaller, had those orders gone through—thanks Kraken!
For Europeans,
The tentacles of Kraken,
Work kind of OK.
#1krakenhaiku
I agree. I have also been a customer since 2015. I have made monthly withdrawals since late 2016. Never had a problem. Thanks for the reply. My Kraken withdrawals have been minimal—only a few times for a few hundred € each time. Everything went smoothly, no questions asked. If it's not too much trouble for you, what are the approximate amounts of your monthly Kraken withdrawals? Hundreds? Thousands? Did you have any issues with your bank (i.e., being asked "where do these monthly deposits come from?" and having to explain about your crypto, etc.)? I don't think answering the above poses any OPSEC issues, but if uncomfortable, please ignore this post. Thanks! The amounts I have withdrawn monthly is between €1000-2000. No big sums, but they have never failed me. I've had some problems though, but it has never been problems on the Kraken side (like when when Revolut/TransferWise blocked transfers from/to Kraken). Excellent. Thanks for the valuable info. These are the monthly amounts I'm planning to withdraw in the near future too, so it's good to know that almost everything went smoothly for you. It's the banks I'm more worried about, not Kraken. There's always the ATM option too, albeit with a higher premium—a small price to pay for complete anonymity (until they start forcing us to KYC there too). The funny (sad, actually) thing is that most of us have not done anything wrong, we're not criminals, and yet we are often treated as such, until proven otherwise... Edit:@machasm: thanks for your reply, too. @psycodad: and yours, too. |
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For European residents, I can vouch for Kraken. Been with them since 2015. No issues. Deposits and withdrawals have gone through (although withdrawals were for very small amounts—don't know what will happen if I request to withdraw a lot).
There was a time (around 2016-2017 IIRC) when their servers were slower than a CASIO calculator, which actually protected me from selling some corn by failing to execute a string of sell orders. My current stash would have been much smaller, had those orders gone through—thanks Kraken!
For Europeans,
The tentacles of Kraken,
Work kind of OK.
#1krakenhaiku
I agree. I have also been a customer since 2015. I have made monthly withdrawals since late 2016. Never had a problem. Thanks for the reply. My Kraken withdrawals have been minimal—only a few times for a few hundred € each time. Everything went smoothly, no questions asked. If it's not too much trouble for you, what are the approximate amounts of your monthly Kraken withdrawals? Hundreds? Thousands? Did you have any issues with your bank (i.e., being asked "where do these monthly deposits come from?" and having to explain about your crypto, etc.)? I don't think answering the above poses any OPSEC issues, but if uncomfortable, please ignore this post. Thanks! |
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For European residents, I can vouch for Kraken. Been with them since 2015. No issues. Deposits and withdrawals have gone through (although withdrawals were for very small amounts—don't know what will happen if I request to withdraw a lot).
There was a time (around 2016-2017 IIRC) when their servers were slower than a CASIO calculator, which actually protected me from selling some corn by failing to execute a string of sell orders. My current stash would have been much smaller, had those orders gone through—thanks Kraken! Now their servers seem to work OK. My latest purchase of 1 BTC for $8000 in 2020 went through instantly. And I'm so glad it did!
For Europeans,
The tentacles of Kraken,
Work kind of OK.
#1krakenhaiku
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What worries me is that we should adjust Bitcoin ATH to the same percentage.
19,995 US$ in fall 2017 is not the same as 19,995 now. We should count (reported) 22% more = 24,393 US$ before we scream CCMF next time.
Yes, we should, but who cares? It's all...semantics. ATH is an ATH, albeit of lower value than the previous ATH. Temporarily!Where we're going, we won't be using percentages, but orders of magnitude and log-scales! |
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"Fugg your mother if you want fugg!" LOL
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The Fucking story is missing a very important detail:  Can you imagine how Dick will feel now with no more Fucking? This already made my day!  I think Geretsberg is the loser here... In the meantime, Bitcoin doesn't give a fugg! |
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IMHO, they shouldn't have changed their village's name. It was their original name, it carried historical meaning, it had existed for 800 years, the locals didn't have any issues with it, other than stupid, ignorant, immature foreigners causing trouble and not respecting the region's history and tradition. What's wrong with Fucking? Those who are offended can go to Hell instead. |
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That was a good shortie-but-sweetie (only 5 minutes) interview with Michael Saylor, and he continues to be quite a good spokesperson on the bitcoin investment thesis [...] Looks like '2x per year' idea is now mainstream... I noticed they both of them described the long term trend of BTC as 100% per year... Yes.. I have noticed some of this kind of talk, but I doubt that anyone really believes that 2x per year would be sustainable for long term planning - even though i recall that you have been presenting such a chart for quite a while now. Furthermore, even though I also heard Saylor say something like 100% per year, that does not really seem to be his more solid investment thesis which largely had honed in upon his expectation that the dollar is losing value and that the actual current practices will likely continue to sustain loss in dollar value.. so BTC becomes more solid - even if it might not end up appreciating 100% per year relative to the dollar or other possible investments. That was a good shortie-but-sweetie (only 5 minutes) interview with Michael Saylor, and he continues to be quite a good spokesperson on the bitcoin investment thesis [...] Looks like '2x per year' idea is now mainstream... I noticed they both of them described the long term trend of BTC as 100% per year... I can live with a BTC/USD gain of 100% per year: Year BTC/USD
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2020 $ 17,000
2021 $ 34,000
2022 $ 68,000
2023 $ 136,000 <--- My "moon" level.
2024 $ 272,000
2025 $ 544,000 <--- My "fuck-you rich" level.
2026 $ 1,088,000
2027 $ 2,176,000
2028 $ 4,352,000
2029 $ 8,704,000
2030 $ 17,408,000
2031 $ 34,816,000
2032 $ 69,632,000
2033 $139,264,000 <--- My prediction of 1 cup of coffee = 1 sat comes true!How about we start more conservatively with the beginning of the year 208-week moving average, which would have been about $5k ------------------- 2020 $ 5,000 2021 $ 10,000 2022 $ 20,000 2023 $ 40,000 2024 $ 80,000 2025 $ 160,000 2026 $ 320,000 2027 $ 640,000 2028 $ 1,280,000 2029 $ 2,560,000 2030 $ 5,120,000 2031 $ 10,240,000 2032 $ 20,480,000 2033 $ 40,960,000 Still seems like a bit too much (too bullish) for my thinking, and even not quite sustainable, even in that period of time. And, I am not saying that either scenario is not possible, but a more conservative version seems a bit more plausible.. even though even that more conservative version seems a bit of a stretch. Not bad, either. Your table is just lagging 2 years behind mine. Which is fine, and more realistic. Either one of the two tables is fine by me, and both are SUPER BULLISH. Seems too good to be true, but you never know... |
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