JayJuanGee
Legendary
Online
Activity: 2996
Merit: 6341
ESG, KYC & AML are attack vectors on Bitcoin
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November 09, 2018, 01:34:34 AM |
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Surely there is something off about that comparison because there was not really any kind of flat period in 2014 that resembles the flat period in 2018. Accordingly, in 2018, BTC prices reached down to sub $6k in early February, and so have been largely holding for 9 months. 2014.. held upper $300s for only a few months, and then capitulated down to mid-to-lower $200s and then bounced around in the mid-$200s for about 8 months before there was a kind of realization that there was no more ability to get the "bad boy" down (and stay down) below $220-ish...
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megadeth
Sr. Member
  
Offline
Activity: 289
Merit: 252
bagholder since 2013
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November 09, 2018, 01:38:22 AM |
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Just remember...when selling you get hit with tax consequences (in the US).
So selling a big chunk is not the best strategy (unless you're just in it for the fiat and supporting your benevolent government with more money).
Personally I was able to retire and I can pull out $35k of my bitcoin every year tax free. I don't have to work the rest of my life.
To me that seemed a bit more important than anything I could cash out and buy.
4% withdrawal rate?
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cAPSLOCK
Legendary
Offline
Activity: 3290
Merit: 4087
"DO NOT FUNGE >:( >:( "
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November 09, 2018, 01:42:04 AM |
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Serious chance this is the best trolling of the year.
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bitserve
Legendary
Offline
Activity: 1610
Merit: 1343
Self made HODLER ✓
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November 09, 2018, 01:44:02 AM |
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I don’t have anything against JJG at all, he’s pro bitcoin & to me that makes him alright. I just can not read through his walls of text at times. His grave head stone will say - Here lies JJG TL ; DR I have similar feelings. I hardly ever read my own stuff, and if I ever hear myself on a recording, I become repulsed. On the other hand, I do tend to look at myself in the mirror, except if there is someone more handsome nearby.. then I will tend to look at the more handsome fella.. while admittedly attempting a compare / contrast. If there happens to be a handsome fella and a decently looking chick, I will gravitate towards the chick, unless the guy happens to look a lot better. Ever tried to to think twice before posting and try to condense your post in less words and explanations? I mean, most of us here are not (completely) retarded and can perfectly understand things with a smaller wall of text.... and/or ask for additional clarification otherwise. In fact I have seen you being perfectly capable of doing that in some posts (just like that one above)... so I am inclined to think you do it on purpose because you like peeps complaining about it, you fucking attention whore! 
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Torque
Legendary
Offline
Activity: 2870
Merit: 3681
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November 09, 2018, 01:46:18 AM |
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Volume still pitiful and anemic. Whale traders have not come back yet. We are still adrift. Could be this way for a long time. 
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lightfoot
Legendary
Offline
Activity: 2884
Merit: 2152
I fix broken miners. And make holes in teeth :-)
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November 09, 2018, 01:47:01 AM |
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So when will they enable MFA with Authy or something on this forum? Password only security is a joke these days.
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bitserve
Legendary
Offline
Activity: 1610
Merit: 1343
Self made HODLER ✓
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November 09, 2018, 02:04:56 AM |
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So when will they enable MFA with Authy or something on this forum? Password only security is a joke these days.
When moon?
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jojo69
Legendary
Offline
Activity: 2464
Merit: 3476
1/21000000 , the only math you need to know
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November 09, 2018, 02:06:28 AM |
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the octosphincter is sated.
hey hey AFTER the initiation ceremony dammit! that is secret stuff
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Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4391
Be a bank
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November 09, 2018, 02:10:53 AM |
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the octosphincter is sated.
hey hey AFTER the initiation ceremony dammit! that is secret stuff such peculiar. very hat-people. wow
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Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4391
Be a bank
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November 09, 2018, 02:20:38 AM |
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JayJuanGee
Legendary
Online
Activity: 2996
Merit: 6341
ESG, KYC & AML are attack vectors on Bitcoin
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November 09, 2018, 02:21:19 AM |
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From current 0.2% to 100% adoption means theroretically 9 doublings to go. Count Me In  I'm confused about the formula to get from .2% adoption to 100% adoption. Seems to me that there would be more than 9 doublings to get to 100%? I did a quickie calculation, and 9 doublings comes out to about $3.25 million per coin... Something does not seem correct about this... seems too low, especially for a hypothetical of 100% adoption. Edit to account for the below related string of thoughts:I'll be happy with 3 doublings in 3 years.  As in - 2019 - From $6,000 to $12,000 2020 - From $12,000 to $24,000 2021 - From $24,000 to $48,000 I would accept that, THANK YOU VERY FUCKING MUCH !!!!!!That does not even look unreasonable.
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Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4391
Be a bank
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November 09, 2018, 02:25:33 AM |
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From current 0.2% to 100% adoption means theroretically 9 doublings to go. Count Me In  I'm confused about the formula to get from .2% adoption to 100% adoption. Seems to me that there would be more than 9 doublings to get to 100%? I did a quickie calculation, and 9 doublings comes out to about $3.25 million per coin... Something does not seem correct about this... seems too low, especially for a hypothetical of 100% adoption. He was talking about 9 doublings of the adoption figure, not the price, but you're right 3.25m is low for an all-out price.
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jojo69
Legendary
Offline
Activity: 2464
Merit: 3476
1/21000000 , the only math you need to know
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November 09, 2018, 02:25:44 AM |
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I hardly ever read my own stuff...I become repulsed.
well there you have it folks
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JayJuanGee
Legendary
Online
Activity: 2996
Merit: 6341
ESG, KYC & AML are attack vectors on Bitcoin
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I hardly ever read my own stuff...I become repulsed.
well there you have it folks Difficult for me to weasel out of that one. I've been caught with a baby gator: 
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jojo69
Legendary
Offline
Activity: 2464
Merit: 3476
1/21000000 , the only math you need to know
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November 09, 2018, 02:33:39 AM Last edit: November 09, 2018, 02:44:28 AM by jojo69 |
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We love you Jay, seek help.
Find a subordinate clause anonymous meeting near you.
The first step is to admit that your life is out of control .
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Elwar
Legendary
Offline
Activity: 3584
Merit: 2382
Viva Ut Vivas
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Jay has himself on ignore.
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Elwar
Legendary
Offline
Activity: 3584
Merit: 2382
Viva Ut Vivas
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November 09, 2018, 02:45:05 AM |
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^ +1 Merit
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Biodom
Legendary
Offline
Activity: 3038
Merit: 2358
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November 09, 2018, 03:45:29 AM |
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Just remember...when selling you get hit with tax consequences (in the US).
So selling a big chunk is not the best strategy (unless you're just in it for the fiat and supporting your benevolent government with more money).
Personally I was able to retire and I can pull out $35k of my bitcoin every year tax free. I don't have to work the rest of my life.
To me that seemed a bit more important than anything I could cash out and buy.
Good for you, although it all depends on your physical location. In most US urban/suburban areas $35K is somewhere in the vicinity of barely scraping by, but not exactly poor, and I am not even talking about NY, LA, etc. I am also aware that in some other areas on Earth $35K/year would be a very nice living or close to it.
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JayJuanGee
Legendary
Online
Activity: 2996
Merit: 6341
ESG, KYC & AML are attack vectors on Bitcoin
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November 09, 2018, 04:30:52 AM |
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I don’t have anything against JJG at all, he’s pro bitcoin & to me that makes him alright. I just can not read through his walls of text at times. His grave head stone will say - Here lies JJG TL ; DR I have similar feelings. I hardly ever read my own stuff, and if I ever hear myself on a recording, I become repulsed. On the other hand, I do tend to look at myself in the mirror, except if there is someone more handsome nearby.. then I will tend to look at the more handsome fella.. while admittedly attempting a compare / contrast. If there happens to be a handsome fella and a decently looking chick, I will gravitate towards the chick, unless the guy happens to look a lot better. Ever tried to to think twice before posting and try to condense your post in less words and explanations? Oh no. Never thought about that. First time, just now. I mean, most of us here are not (completely) retarded and can perfectly understand things with a smaller wall of text.... and/or ask for additional clarification otherwise.
Yes. You (and the rest of the we) can also chose what to read and what not to read. In fact I have seen you being perfectly capable of doing that in some posts (just like that one above)... so I am inclined to think you do it on purpose because you like peeps complaining about it, you fucking attention whore!  Exactly!!!! You got me so pegged. 
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