Karartma1
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Activity: 2310
Merit: 1422
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November 02, 2017, 07:47:29 AM |
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Ok I will say it. $7550 by the end of the year and $16000 by the end 2018. I played a bit with the charts and did some pure speculation (imagined 2% of the world population using Bitcoin, ETFs approved and such). It's always good to write down our goals. Sometimes we reach them Who said that shit? I don't believe to myself anymore! I was way too conservative. I will confirm what follows though: It's always good to write down our goals. Sometimes we reach them Go on BTC
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sgk
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Activity: 1470
Merit: 1002
!! HODL !!
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November 02, 2017, 07:48:41 AM |
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Will $10,000 be the point where everyone switches from BTC to mBTC? That will make it look more affordable to first-time buyers lol European here, so metric is great. But IMHO, "mBTC" is too easily confused with "BTC" by Joe Schmoe and expecting the logical consequence of "µBTC" to be a thing at any point is delusional. If anything, we should switch to "bits". Coinbase is doing it already, AFAIK. Never used coinbase, so didn't know that. Thanks for info. Just went through their blog and looks like 1 bit = 100 satoshi. Is that right? Seems the way to go I believe, looking at the growth of Bitcoin now.
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bitserve
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Activity: 1834
Merit: 1477
Self made HODLER ✓
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November 02, 2017, 08:04:00 AM |
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Surely gold or any other traditional investments didn't have the ROI of BTC but...... maybe it contributed to the ROI of your Bitcoin stash.... How? Well, once you already have extracted/diversified enough into other assets (like gold) that you feel financially safe you can let your BTC roll without that much care than if you didn't. My point is stable (bad performing) assets are another piece in the puzzle of financial safety. Or at least that's what I tend to think, but I like to hear more opinions about it.
Huh ? Wha ? The only way I'm going to get any "contribution" to my financials from liquidating my GLD holdings, will be a deduction to offset capital gains. If an asset performs as badly as GLD has, for as long as it has, my strategy is to put it into something more aggressive. I'll be liquidating my GLD holdings this year, and reinvesting. Any investment not likely to pull in greater than 8% a year bores me. I've tried to be "responsible" by holding GLD for as long as I have on principle, but, fuck it. Life is too short. Common BobLBL>>>>>> you know better than that. What bitserve is saying is that in time 1, you do not know for sure which assets are going to perform better or worse, and you are attempting in time 1 (hopefully?) to figure out ways to hedge your bets while at the same time hoping for the best possible performance. Surely in time 2, you can see in retrospect which assets did better (and in this case it was bitcoin), but you did not know that in time 1, but your investment in gold in time 1, perhaps, allowed you to feel more willing to risk more into bitcoin because you had that hedge that was already in place. Again, now in time 2, you have a new perspective about gold and you are reconsidering your previous assumptions... Nothing wrong with that, but many of us likely realize that the world has changed somewhat because of bitcoin and also because of bitcoin's performance, not only on a personal level (because we happened to invest) but also on a perspectives level, concerning which assets (or asset classes) have better likelihoods to beat certain performance thresholds, such as greater than 8% as you mentioned that to be too low... hahahahahaha.. whatever. Yup. That's exactly what I was meant to say even if I poorly worded it. It is interesting how Bitcoin has distorted some of our previous concepts in that an annual 8% gain is considered some sort of minimun reasonable ROI. Anyway, I think Bob introduced some interesting idea such as that if you have several different "risky" (with better ROI's) investments then you are somewhat diversified/hedged enough without that much need of boring/conservative traditional investments. I guess that's something you can only safely do when you are already well "covered" as he seems to be. Interesting.
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JayJuanGee
Legendary
Online
Activity: 3878
Merit: 11065
Self-Custody is a right. Say no to"Non-custodial"
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November 02, 2017, 08:28:00 AM |
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Surely gold or any other traditional investments didn't have the ROI of BTC but...... maybe it contributed to the ROI of your Bitcoin stash.... How? Well, once you already have extracted/diversified enough into other assets (like gold) that you feel financially safe you can let your BTC roll without that much care than if you didn't. My point is stable (bad performing) assets are another piece in the puzzle of financial safety. Or at least that's what I tend to think, but I like to hear more opinions about it.
Huh ? Wha ? The only way I'm going to get any "contribution" to my financials from liquidating my GLD holdings, will be a deduction to offset capital gains. If an asset performs as badly as GLD has, for as long as it has, my strategy is to put it into something more aggressive. I'll be liquidating my GLD holdings this year, and reinvesting. Any investment not likely to pull in greater than 8% a year bores me. I've tried to be "responsible" by holding GLD for as long as I have on principle, but, fuck it. Life is too short. Common BobLBL>>>>>> you know better than that. What bitserve is saying is that in time 1, you do not know for sure which assets are going to perform better or worse, and you are attempting in time 1 (hopefully?) to figure out ways to hedge your bets while at the same time hoping for the best possible performance. Surely in time 2, you can see in retrospect which assets did better (and in this case it was bitcoin), but you did not know that in time 1, but your investment in gold in time 1, perhaps, allowed you to feel more willing to risk more into bitcoin because you had that hedge that was already in place. Again, now in time 2, you have a new perspective about gold and you are reconsidering your previous assumptions... Nothing wrong with that, but many of us likely realize that the world has changed somewhat because of bitcoin and also because of bitcoin's performance, not only on a personal level (because we happened to invest) but also on a perspectives level, concerning which assets (or asset classes) have better likelihoods to beat certain performance thresholds, such as greater than 8% as you mentioned that to be too low... hahahahahaha.. whatever. Yup. That's exactly what I was meant to say even if I poorly worded it. It is interesting how Bitcoin has distorted some of our previous concepts in that an annual 8% gain is considered some sort of minimun reasonable ROI. Anyway, I think Bob introduced some interesting idea such as that if you have several different "risky" (with better ROI's) investments then you are somewhat diversified/hedged enough without that much need of boring/conservative traditional investments. I guess that's something you can only safely do when you are already well "covered" as he seems to be. Interesting. Maybe we are all going to get spoiled and confused? I mean we hear a lot of nutjob folks saying that they don't believe in shit, unless it is talking about 100% 500% or some other outrageous number, and that is why the invest in x, y or z ICO instead of bitcoin. They say that yeah you might get a doubling or tripling out of bitcoin, but it is easier to get a 40x out of one of these ICOs.. blah blah blah... Anyhow, I still think that expecting BIG ASS returns is a dangerous and possibly unrealistic mindset (even though bitcoin has been doing very good lately and very good over any kind of several year snapshot. When I got into bitcoin, I was kind of hoping to beat my average performance over the previous 20 years or so, which was overall a bit under 6% per year... And my first two years in bitcoin, I was in the red including periods of more than 65% in the red - that is average buy prices of over $500 with bitcoin dipping quite below $200 on a couple of occasions... So yeah, I was still quite happy by the time we got into the $500s and I was back into positive territory and then getting into the $600s clearly brought me into an overall average that was greater than my average of traditional investments.. so anyhow, there has been a lot of icing on the cake, and I am a little afraid to say this, but I have a 401k plan that has a really decent amount of money in it and more than 15 years of building; however, in early 2017, my BTC investment was on parity with it and even surpassed it and even now is getting to be like 4x the value of my 401k plan with way less amount of money placed into bitcoin over a much shorter period of time. So, yeah we may be getting to a point of spoiled with bitcoin and maybe bitcoin has to come down to some reasonable amounts of return at some point - however, upon reflection some of the ICOs are just pie in the sky missing the bitcoin boat, and difficult for long term - but it seems that there could be some ICO gems that do cause some kind of considerable assurance of exponential performance... Personally, I am good enough with bitcoin and my already gotten profits and even hedging and distributing what I already have and I just feel that there is so much icing on the cake and I don't want to fall into some kind of state of real grand and approaching unrealistic expectations regarding performance and I am just going to be happy with my already gotten returns that are more or less a lifetime of reward, and I can die happy.. not that I am going to die.. because I think that I can reasonably spend my bitcoin profits and still be way richer than I had even expected to be... Thank you bitcoin.... and all the peeps behind it... and thanks to the HODLers.. hahahahahahahaha NOW.. we gots to get our butts out there and ensure that our coyns are secured.
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Denker
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Activity: 1442
Merit: 1016
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November 02, 2017, 08:39:13 AM |
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It is slowly developing some frenzy now. But by no means a true frenzy yet. No sale before $25k Geez I just woke up. Almost $300 up in the last 9 hours!! Reading through social media, telegram chats and slack channels, facebook groups there is some real mania going on at the moment. This is FOMO!! Anyways, sooner or later we will correct. That's good and healthy. However just hodl tight for now and check the BETI on a daily basis.
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Arriemoller
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Activity: 2282
Merit: 1767
Cлaвa Укpaїнi!
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November 02, 2017, 08:44:54 AM |
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This is fascinating to watch: People are getting seriously rich-ish on this forum (everyone has their own definition of that, but it is what it is) and it's fun to read about how people handle it. From my dot.com days I remember these bits:
1) NEVER CONFUSE LUCK WITH SKILL 2) Some people will cash out for hookers and blow 3) Some people will not cash out for hookers and blow.
Fun to watch.(1) is critical, I can't tell you how many dot.com millionaires thought it was because of their super l33t skillz and founded companies that ate all their money and then some. Never confuse luck with skill.
This is only half true. I'm a monster of economical insights. Everyone here should be aware of my gifts by now. Can we please close this thread for newbies.
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ivomm
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Activity: 1888
Merit: 3081
All good things to those who wait
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November 02, 2017, 08:50:19 AM |
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$7050 on GDAX!
Is it normal for GDAX to be 1.5% higher?
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RealMachasm
Member
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Activity: 187
Merit: 25
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November 02, 2017, 08:54:59 AM |
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This is fascinating to watch: People are getting seriously rich-ish on this forum (everyone has their own definition of that, but it is what it is) and it's fun to read about how people handle it. From my dot.com days I remember these bits:
1) NEVER CONFUSE LUCK WITH SKILL 2) Some people will cash out for hookers and blow 3) Some people will not cash out for hookers and blow.
Fun to watch.(1) is critical, I can't tell you how many dot.com millionaires thought it was because of their super l33t skillz and founded companies that ate all their money and then some. Never confuse luck with skill.
This is only half true. I'm a monster of economical insights. Everyone here should be aware of my gifts by now. Can we please close this thread for newbies. Trouble is if your account is hacked you need to come back as a newbie. I am one of many even though i could prove ownership of my original account through bitcoin signing the admins didn’t even rrspond once to my many inquiries.
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600watt
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Activity: 2338
Merit: 2106
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November 02, 2017, 08:55:23 AM |
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there was a 400 btc wall blocking any further climb on kraken/€. right now, "only" 228 btc left. when this wall is gone, we will shoot up.
228 btc means more than $1.8million...
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AlcoHoDL
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Activity: 2534
Merit: 4691
Addicted to HoDLing!
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November 02, 2017, 08:56:46 AM |
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there was a 400 btc wall blocking any further climb on kraken/€. right now, "only" 228 btc left. when this wall is gone, we will shoot up.
228 btc means more than $1.8million...
Watching it now, slowly getting demolished...
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AlcoHoDL
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Activity: 2534
Merit: 4691
Addicted to HoDLing!
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November 02, 2017, 09:02:51 AM |
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ATH @ Kraken!6000 €
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600watt
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Activity: 2338
Merit: 2106
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November 02, 2017, 09:20:44 AM |
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ATH @ Kraken!6000 € lol, I thought it would need half a day or so. it only took a few minutes. was the wall pulled or eaten?
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bitserve
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Activity: 1834
Merit: 1477
Self made HODLER ✓
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November 02, 2017, 09:23:37 AM |
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This is getting ridiculous... in a positive way.
There is almost no resistance above $7000
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AlcoHoDL
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Activity: 2534
Merit: 4691
Addicted to HoDLing!
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November 02, 2017, 09:28:01 AM |
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lol, I thought it would need half a day or so. it only took a few minutes. was the wall pulled or eaten?
Amazing, isn't it? It kept dropping and then vanished completely. Feeling happy, but also worried it will correct. Will see what happens...
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WhatsBitcoin
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November 02, 2017, 09:32:37 AM |
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Got to get to 5 digits soon, otherwise we'll die of boredom...
Damn!
The XMR thread is beginning to get the kind of abuse we got three years ago. Not sure how I feel about it. But it's a show. I'll watch anything. ¯\_(ツ)_/¯
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spiderbrain
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Activity: 889
Merit: 1013
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November 02, 2017, 09:38:58 AM |
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LewisPirenne
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November 02, 2017, 09:49:37 AM |
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This is brilliant! Hmm.. but ETH got the dirt nap first and XMR last..
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600watt
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Activity: 2338
Merit: 2106
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November 02, 2017, 09:50:24 AM |
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Heater
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November 02, 2017, 09:51:30 AM |
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The question should have been:
How Many Lambos COULD You Buy Now if you wanted to?
The answer might be surprising.
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spiderbrain
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Activity: 889
Merit: 1013
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November 02, 2017, 09:52:58 AM |
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Very nice. I was going to save that for $10k.
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