OutOfMemory
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Man who stares at charts (and stars, too...)
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January 18, 2021, 11:18:56 PM Merited by JayJuanGee (1) |
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Reasoned piece in NYM: https://nymag.com/intelligencer/amp/2021/01/why-is-bitcoin-making-new-all-time-highs.html?__twitter_impression=trueKey quotes: The entrepreneurs working to make cryptocurrency easier to acquire, hold, and transact with have been working diligently to improve this financial plumbing in anticipation of a full-scale monetization event. Today, it seems that this moment may be upon us.
The first time, your interest may be piqued, but you are wary of buying into something that looks like a bubble. The second time, you realize that what you mistook for a bubble was in fact a cyclical process in a longer-term trend.
Personally, I think the story is far from done and that this revolutionary digital asset still has a long way to run.
Good stuff. Don’t sell cheap Can't wait to read the MSM headlines 20 years from now: "Bitcoin still in a 30 year bubble that's about to burst""Bitcoin plunges 20% to just under $3,000,000 within minutes, now in a bear market""Peter Schiff says Bitcoin going to zero, buy gold""Ethereum 4.0 today over $2.000! New ATH!"
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serveria.com
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Privacy Servers. Since 2009.
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January 18, 2021, 11:19:11 PM Last edit: January 18, 2021, 11:29:13 PM by serveria.com |
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30,000 troops surrounding the "capital of democracy" and that shining shithole of "freedom" and everything that is corrupt, Washington D.C. as it annoints it's new Deep State Emperor
... and censorship by way of homo animes, welcome to the USSA, reap what you sow sheeple.
Oh noes, poor guy just bought a one way ticket to Planet Anus! Rustyyyyyy! P.S. Just to remind you guys: last time Bawb called Rusty on himself... quite (un)expectedly this encounter ended with emm... well you know... look it up in WO history if you're curious...
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Wekkel
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yes
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January 18, 2021, 11:19:15 PM |
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I’m bearish by nature. So I see potential declines everywhere. Bitcoin usually punishes me for that. A bearish TA thing on a Bitcoin chart means nothing to me anymore. We all learn.
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serveria.com
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Privacy Servers. Since 2009.
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January 18, 2021, 11:21:13 PM |
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I’m bearish by nature. So I see potential declines everywhere. Bitcoin usually punishes me for that. A bearish TA thing on a Bitcoin chart means nothing to me anymore. We all learn.
You see these bearish TAs don't work during a bullrun.... get used to it. This year then next top in year 2025!
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True Myth
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I’m bearish by nature. So I see potential declines everywhere. Bitcoin usually punishes me for that. A bearish TA thing on a Bitcoin chart means nothing to me anymore. We all learn.
You see these bearish TAs don't work during a bullrun.... get used to it. This year then next top in year 2025! 10% of the time, TA works every time. Except when it doesn't. But, the "three-legged dog" never lies when followed by a "crying buffalo". I'm making this shit up as I go
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fillippone
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Fully fledged Merit Cycler - Golden Feather 22-23
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January 19, 2021, 12:02:51 AM Last edit: May 16, 2023, 12:36:27 AM by fillippone Merited by JayJuanGee (1), ivomm (1) |
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Before you read it elsewhere. Fasten your seatbelts guys. On January 18 Grayscale added 16,244 BTC to their Bitcoin fund! More than 600,000,000 inflows on a single day. Highest BTC inflow ever. Highest USD inflow ever. More info here, on my GBTC Observer thread.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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Sorry, I removed part of the thread for easier quotation.
Selling 20mil (in the example) would result in an enormous tax bill, which essentially defeats the purpose, IMHO. I am waiting for a situation where you can reliably get either interest on btc instead or get cash loans in lieu of btc. Once the field moves to include large institutional players for custody and loans (like Fidelity, etc)-that's a better idea...plus maybe selling all forks this Fall-Winter. Basically...you don't have to sell. I keep saying this, but nobody seems to listen.
EDIT: I wonder when we will have 8% (on the way to above 15%) interest rates on 30-year again. Maybe in 5-10 years, unless CPI will start going up truly crazily.
Just the bit in bold .. depends totally on your personal situation, you cannot generalise like that. How long are you prepared to wait for that situation to come to pass? Til you are 60 ... ? ... what if you are 60 today ... 65 ... 70? There are any number of situations where it might be appropriate to cash in some and use it for, well whatever ... the point is not that you have to wait to sell until certain age...the point is that there are other methods (used by wealthy), apart from selling to get needed cash. You don't f-ing sell the best asset of the millenium...or at least, you shouldn't. This was not my original position, but I learned along the way. You misunderstand what I am saying I think .. you said “I am waiting for a situation where you can reliably get either interest on btc instead or get cash loans in lieu of btc.” ... so something that you cannot do today. So you (and everyone else) has to wait for that to happen ... my point is how long are you going to wait? Each person is different and their willingness or ability to wait is also different. A person who is already later in life will have a different perspective from a younger person ... the best asset of the millenium is no good to me dead! I continue to have some difficulties understanding some of the thinking about don't sell no matter what and you can never have enough BTC.. and in some sense, these kinds of ideas seem to be coming from people who either do not have hardly any wealth or they retain a kind of scarcity mindset in terms that they are kinds of hoarders in terms of worrying that they never have enough. Seems to me that there should be various points that guys (and gal) realize that they have enough, more than enough or way more than enough. Of course, each person should be attempting to figure out these balancing matters for their lil selfies... and even if bitcoin has gone way up or might have less upside potential than it did when it was in the three digits (sub-$1k), bitcoin seems to have considerable fundamentals to remain serving as a big ass asymmetric bet... so in that sense, you really do not need to invest high amounts of value in order to have bitcoin serve as a great investment... 1% to 10% remains decent amounts.. and of course DCAing remains prudent and likely to be ongoingly profitable too.. so long as you have a decently long investment time horizon of more than 4 years but longer is even better. At the same time, if some folks may have over invested in bitcoin (beyond the 1-10%) then it may well not be bad ideas to shave off some profits as the BTC price increases.. and especially if you are decently in profits or if BTC starts to become very high percentages of your total investment portfolio.. mostly due to BTC price appreciation.
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philipma1957
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'The right to privacy matters'
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Just a reminder, that any political talk about any US political figures, will be met with "tastefully" censored, horrible, awful yaoi, within this thread.
Let us keep our eye on The Corn, and not get distracted by the fall of Western Civilization.
Word. I agree to take this pledge as a temporary measure to help restore sanity in the WO. I'm leaning toward nothingburger. We'll know one way or another in less than 48 hours. Bottom line is we will all be dead in 100 years or less. We have better things to do then root for the left or the right. As The Who sings "...meet the new boss same as the old boss..." Frankly Biden or Trump = heads or tails on the same coin. I propose all political posts should be followed by Please note found it on a bing search
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marcus_of_augustus
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Eadem mutata resurgo
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January 19, 2021, 01:28:53 AM |
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https://twitter.com/smdiehl/status/1350869944888664064Let's discuss the environmental cost of bitcoin. Because despite all the push for sustainable and green investment in the tech sector, there's a giant smoldering Chernobyl sitting at the heart of Silicon Valley which a lot of investors would prefer you remain quiet about.
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TLDR on bitcoin economics: It's a pyramid-shaped investment scheme backed by the collective delusion that value can created out of nothing by convincing greater fools to buy it after you do.
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Stephen, this is really bad, how can I help change this?
* Don't buy bitcoins. * Tell friends not to buy bitcoins. * Consider ethics of holding dirty companies ($MSTR, $SI, $SQ, $PYPL, Coinbase) in your portfolio. * ... and products (funds, ETFs, etc) with crypto exposure.
/fin
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As a final aside, this is very politically solvable. In the next administration Biden could stop the Bitcoin Waste Problem with the stroke of a pen.
Banning US persons from trading these digital investment contracts is well within the powers of executive branch.
/done
own it, commies hate bitcoins ... but they will stuff them down their own greedy throats, that's how it was designed. Political monies is what the communists' false hopes, promises and lies are based on, bitcoin kills that once and for all. We are in the "commie free shit army adopting bitcoin" phase, you can tell by how much whining and do-nothings looking for a free ride posting here.
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marcus_of_augustus
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Eadem mutata resurgo
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January 19, 2021, 01:32:51 AM |
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30,000 troops surrounding the "capital of democracy" and that shining shithole of "freedom" and everything that is corrupt, Washington D.C. as it annoints it's new Deep State Emperor
... and censorship by way of homo animes, welcome to the USSA, reap what you sow sheeple.
Oh noes, poor guy just bought a one way ticket to Planet Anus! Rustyyyyyy! who the fuck are you, you little pissant? ... fancy some pen. testing for your OpSec models?
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birr
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January 19, 2021, 02:01:34 AM |
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ooh, you said penetration. Huh huh
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BobLawblaw
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Neighborhood Shenanigans Dispenser
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Bawwwwb!!!! ^^^
Not taking the bait. That shit is hilarious.
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Paashaas
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January 19, 2021, 04:09:07 AM |
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nutildah
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Happy 10th Birthday to Dogeparty!
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Found inside Block 666,666:
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josegines
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January 19, 2021, 05:27:39 AM |
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This graph is false, BTC will also be in the hands of a few hands, because today, the vast majority of the population still does not have BTC and when they want to buy it, they will only be able to buy a few satoshis.
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Wekkel
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yes
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January 19, 2021, 07:12:19 AM |
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This graph is false, BTC will also be in the hands of a few hands, because today, the vast majority of the population still does not have BTC and when they want to buy it, they will only be able to buy a few satoshis.
Wouldn’t the money (Bitcoin) wind up in the hands of producers instead of the grifters?
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Phil_S
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We choose to go to the moon
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January 19, 2021, 07:21:41 AM |
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El duderino_
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BTC + Crossfit, living life.
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January 19, 2021, 07:24:08 AM |
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Who coined the "pump for ants" phrase? Was it Bob?
This is so cool.
Yes, i think so. I didn't find the original post, but afair he posted a message in colored caps (purple or blue), big font size over two lines: WHAT IS THIS? A PUMP FOR ANTS?
several months ago. I can remember it quite clear because it was a "visual" kind of post. I also think it was a reference to Zoolander https://www.youtube.com/watch?v=7ffj8SHrbk0 https://youtu.be/UMLCGnADyCMPlease give me this part of the zoolander 😂😂
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vroom
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a Cray can run an endless loop in under 4 hours
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January 19, 2021, 08:13:37 AM |
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nice, but what time is it?
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