Huh? I thought we were talking about the $100k party, no? Now it's the $1M party?

Actually I like the change. $100k seems so close, almost a no biggie, boring even ($100k boring? WTF?). $1M will be so cool...until it becomes boring too, and we aim for $10M.

Well, no, $1M will never be boring, because of that 'M' in there. This should bring many of us to "fuck-the-universe" status!

Sad... He played a key part in bringing personal computers closer to the masses, to a young generation of inventors and makers that would shape the future of technology and computing for years to come.

RIP Sir Clive Sinclair, and thanks.

I think OOM may have tried to use the term "pyramid scheme" in a different way than what you're suggesting. In any case, I agree with your statements quoted above. I don't like pyramid schemes (such as AmWay, and many others), and would never associate Bitcoin with pyramid schemes in a discussion with newbies/nocoiners. If anything, they are usually the ones who bring the pyramid scheme framework in the discussion, and falsely claim that Bitcoin is a pyramid scheme. In such cases, I try my best to explain/prove to them that Bitcoin is NOT a pyramid scheme, and is also NOT a Ponzi scheme (another term they often associate with Bitcoin). I try my best, but I fail miserably in most cases, it seems. They just don't get it, or they don't want to get it, or they think they get it and don't want to listen to me preaching to them about something they think they already know. Most of them seem to have already decided that Bitcoin is a scam...because the TV told them so.



I think OOM puts it quite nicely in his post above (which I snipped in the interest of readability). I think most people would treat anything as revolutionary as Bitcoin with a negative attitude. It's a natural reaction. I don't blame them. I just felt the need to "plant the seed" so to speak, and let it grow, or not. In most cases it dies. Maybe out of 30 people, one would buy a small amount of BTC, two would buy shitcoins because "Bitcoin is too expensive" and the rest would just dismiss it. Well, if you think about it, Bitcoin has shaken the foundations of a monetary system that all of us grew in and were brainwashed to trust and accept as the only way to handle monetary wealth. It's so deeply embedded in our brains that it's almost like a natural reaction, a millisecond response as OOM puts it.

"Bitcoin? Be your own bank? That can't be right! Surely it's a scam! Seed words? Is this some kind of word guessing game? What? Put my next month's paycheck in Bitcoin? Are you insane? And get what? QR codes?" That's more or less what I get. Or used to get. Because lately there is noticeably more interest in Bitcoin, and those who laughed and joked in 2015 are now asking seriously. My response now is "Google it". Not to punish them or anything, but because I just don't have the time and energy for this kind of thing anymore. After all, maybe that's the way it should be. Darwin, nature and all. Some will get it, some won't. That's life. I feel I did my part in spreading the word when I could, and I still do if I see really genuine interest.

I don't know... Being a Bitcoiner has been the best thing that's ever happened to me, certainly financially, but also psychologically. It's a weirdly satisfying, pleasantly powerful feeling that has got to be felt to be appreciated, as I'm sure many WOers would confirm. And I can't even begin to imagine how it will feel 5-6 4-8 years from now (a HoDLer can only count years in multiples of 4...)

@somac. & @OOM:

I agree with both of you. The worst thing is not lack of knowledge, but lack of action. Maybe it's not just a matter of intelligence, but also of willingness to take risks and embrace something new. Most people take the conservative option of "if it seems too good to be true, it probably is", and miss out on one of the rarest opportunities in our lifetime. We all tend to fear what we don't understand, and surely, Bitcoin is something that's quite hard to understand for most people. I think the transition is not gradual, but abrupt. Once it "clicks" in your brain, you can instantly change from a nocoiner to a Bitcoin evangelist. Michael Saylor is one popular example.

Edit:

"We all tend to fear what we don't understand"

This guy understands, using math & science. [totally unrelated to Bitcoin]:

https://youtu.be/Zw1bp1V_RwA

I'm also amazed at my nocoiner friends/colleagues/relatives' persistent passiveness when it comes to Bitcoin. They laughed at me in 2015, they still didn't listen to me in 2017, they started getting interested in 2020, they are more interested now, but they are still nocoiners and haven't bought a single sat! Instead, whenever Bitcoin is mentioned, they look at me like rabbits blinded by the light.

Bitcoin is a strange beast. You either get it, or you don't. Maybe some kind of special brain wiring is needed? 

Sorry to hear that man... COVID-19-related? I hope all goes well for your dad.



Yup. He could have carried all of that in a Trezor, possibly inserted into his anus to avoid detection (#nohomo). Even better, 12 seed words in his brain (but he probably doesn't have one).

Someone put up that roller coaster corn meme. Fits the situation nicely...

Kate (2021)

Solid entertainment. Watched on Netflix.

I've got to visit Japan someday. Could even relocate there if I had 10x the coins I have...

Interesting. Based on the numbers above, we see peak-to-dip ratios of $1100 / $121 = 9.1 (2013) and $20k / $3k = 6.7 (2017). If this pattern continues in 2021, we should expect a huge ATH before year's end. Applying the above ratios, and considering $29k to be the lowest price point of reference (June's big dip) for 2021, we get the following:

Peak-to-dip Ratio = 9.1 ---> ATH of $29k x 9.1 = $264k before the end of 2021.
Peak-to-dip Ratio = 6.7 ---> ATH of $29k x 6.7 = $194k before the end of 2021.

Even if we assume that the peak-to-dip ratio decreases every 4-year halving period, we can still expect a very healthy ATH for 2021. The ratio difference between 2013 and 2017 is 9.1 - 6.7 = 2.4. Assuming a linear progression, this results in a 2021 expected peak-to-dip ratio of 6.7 - 2.4 = 4.3, which gives us the following ATH prediction:

Peak-to-dip Ratio = 4.3 ---> ATH of $29k x 4.3 = $125k before the end of 2021.

Of course, all of the above are just rough extrapolations of previous patterns -- nothing is guaranteed -- but the indications are certainly very positive.

tl;dr: Just HoDL and be ready for 6-digit prices before the end of 2021.

---

Edit: Picking June's dip, instead of September's ant-dip, as a point of reference, was a deliberately conservative choice (unless we go lower than $29k in September, which I very much doubt). Using September's currently lowest dip ($43k) as a reference in the above calculations results in even higher ATH predictions ($391k, $288k, and $185k before the end of 2021, respectively).

Wow, WTF? Did you all sell your coins for McDonald's meals?

Just noticed the dippening!

Not for ants value-wise: dipping to < $43k!

For ants time-wise: quickly recovering to > $47k.

HoDLers not affected.

Off for BBQ at the shitcoiner cousin's place. Won't mention Bitcoin (or crypto), I'd like to enjoy my steak and burgers.

I knew you were joking, but your reply to my first comment made me wonder a little bit... WTF?

I actually enjoy his posts TBH, just like r0ach's, but r0ach is gone now. And proudhon is a damn good counter-predictor.



No need for speed dials. Now it's on automatic. After what you've done, he will be posting right after me from now on... It's already started. 

Upward movement has nicely resumed. Ants doing what they do best...

Movie time. Looks like we will break $52k before the end credits I finish composing this post! <--- DONE!

It's so nice watching your profits increase without doing anything. Thank you Bitcoin.

Onwards & upwards.

HoDL.

That hurt too. This is a genuine response to someone I respect here in WO. Take it as you will.

Get well soon man, and Rick too. COVID-19 can be a nasty SOB.

Edit: I second HI-TEC99's suggestion. A pulse oximeter is a nice little thing to have, and is a pretty good indicator of oxygen levels in the blood. I did a test once, by holding my breath for about 1 minute. My oxygen levels gradually dropped from 99% to 89% IIRC. The little thing showed the change in real-time.

@cAPSLOCK:

Re. Robert Moog, great story, you are one lucky guy! I never had the privilege of owning one of his fine instruments, but I will always adore their sound. I was in secondary school when I got hooked on Jean-Michel Jarre's music, and slowly bought all his records (in vinyl, no CDs at the time). I still remember checking the sleeves to see which instruments he was using, and reading about the ARP 2600 and the other great analog synths.

Good times. I'm not against digital instruments, but those analog synths surely were a remarkable achievement of the time, their sound so smooth and thick, subtle and ethereal. Just listen to Jean-Michel Jarre's Oxygène.

Wow, Jay, that hurt!

It doesn't matter where it comes from. What matters is that it works, and proudhon knows it.

When I saw his post, I immediately knew that we would cross $50k to near-$51k levels today. Maybe even beyond that.

You're not the only one...

I also learned about this movie from WO. Got to admit, I fell asleep in the first 30 minutes of watching it, but not sure if it was from the movie itself or I was just too tired/sleepy at the time, or it's just not my thing (I absolutely HATE comedies, there are very few that I can enjoy). Will attempt to watch it again soon.

Bitcoin is death.

Sell, you fools.

NOT!

Bitcoin polar chart,
Such a beautiful flower,
To those who can see.

Always blossoming,
Its petals never crossing,
Everlasting growth.

You buy and forget,
And come back 4 years later,
Richer, guaranteed.

What more could one ask?
Easy profits on your sleep.
Buffett knew his shit.

Yet, some cannot see,
And keep waiting for the dip,
That will never come.

Others get jealous,
They want to own some corn too,
By begging for it.

Want 3 BTC?
Ask Bob, he'll sort you out good.
You won't feel a thing.

True HoDLers don't beg.
They build ranches and buy lakes,
And burn trees and shit.

When $100k?
Ask proudhon, but remember:
-(-1) is 1

#sundayshaikudigest