JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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By the way the slow migration up will break at some point and cause some short term upwards explosions in price that end up crashing back down before we really know that we are really heading UP for good.
Jay, don’t you think it’s weird that the cycle seems to repeat itself. We’re following the same pattern from bear to bull markets. I feel like we’ve been here before which is because we have I certainly won’t be complaining if we make the same kind of gains in price from 2014 Gox induced bear market to 2017 bull market in this cycle. I am close to perfectly with you on this LFC, even though I tend to want to hedge on the conservative side and NOT to take any exact things for granted, until it already has happened. Anyhow, I am not betting the farm on BTC because I feel that I have already made a lot of BIG BTC bets that have paid off way more than I ever expected.. even though I was not betting the farm, back then either. By the time we got to 2015, I felt that I had already taken a large enough stake in BTC in terms of what I was planning to do with my overall percentage allocation. However, since my BTC holdings were in the red (most of the time from 2014 and on and increasingly so by the time we got to the end of 2014), thereafter in 2015, I was largely dedicating any and all free cash that was coming in on a regular basis to BTC without taking away from my emergency funds in fiat and my other fiat-related investments (Of course, I may have skimped on buying a coffee here or there or I may have eaten in rather than eaten out from time to time, too). So, yes, if the exact same pattern ends up playing out (and I certainly would not be surprised, even if I am not taking it for granted), then once again, those of us who are continuing to stack satoshis and to HODL them are going to be laughing our asses to the bank when the nocoiners, the fence-sitters, the bitcoin naysayers again are sitting on the sidelines ( deja vu) waiting (and waiting) for new BTC price lows that never end up happening. So, even though in current times I frequently talk about "bearmarket" and all that bullshit, because I believe that is our current short term BTC price dynamics state of affairs, and that is where the probabilities lie, I am more than adequately prepared for UP, again. I am kind of in the close to 97% to 98% bitcoin arena.. so I don't have a lot of fiat to play around with in terms of buying more BTC... except as extra cashflow here and there comes in from time to time. Currently, I also have BTC buy orders down to about $2k that I hope will never fill.
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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LFC_Bitcoin
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#1 VIP Crypto Casino
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March 08, 2019, 07:09:25 PM |
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@JJG - If I’m honest I’m way more invested in bitcoin than any sane person would be. I have a house with a mortgage on, an apartment that I rent out (it also has a mortgage on). I have £40,000 in a shit UK fiat bank ISA savings account with 0.1% annual interest (a compensation pay out for a bad car accident I had 10 years ago - caused by a drunk driver). Apart from that I’m all in on bitcoin. Most sensible people would buy 3 or 4 more apartments & rent them out & probably be set for life but I believe in bitcoin so much. I’m a risk taker & I will become a millionaire through crypto, I’m very certain of it. Any way that’s my fucking shitty story
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estenity
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March 08, 2019, 07:43:48 PM |
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Anonymous based coins are always subject to regulation issues, it's just the nature of them. I wouldn't be confident in them for being a long term investment.
They're all going to be expunged from authorised exchanges eventually but that certainly won't mean they're worthless. It's going to be very interesting to observe where they settle and grow once it's clear that's going to happen. why would anybody need centralized exchanges ?
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BitcoinGirl.Club
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Activity: 2758
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Farewell LEO: o_e_l_e_o
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Any way that’s my fucking shitty story And f**king shitty inspiring as well. Well done brother. May the force be with you and we all win.
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Last of the V8s
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Activity: 1652
Merit: 4392
Be a bank
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March 08, 2019, 07:53:09 PM |
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https://gizmodo.com/u-s-army-assures-public-that-robot-tank-system-adheres-1833061674In its request, the Army asked for help enabling the Advanced Targeting and Lethality Automated System (ATLAS) to “acquire, identify, and engage targets at least 3X faster than the current manual process.” But that language apparently scared some people who are worried about the rise of AI-powered killing machines.
meanwhile the price is really trying to go up
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Last of the V8s
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Activity: 1652
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Be a bank
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March 08, 2019, 07:54:28 PM |
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Anonymous based coins are always subject to regulation issues, it's just the nature of them. I wouldn't be confident in them for being a long term investment.
They're all going to be expunged from authorised exchanges eventually but that certainly won't mean they're worthless. It's going to be very interesting to observe where they settle and grow once it's clear that's going to happen. why would anybody need centralized exchanges ? because they're not oxymorons
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estenity
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March 08, 2019, 08:06:24 PM |
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Anonymous based coins are always subject to regulation issues, it's just the nature of them. I wouldn't be confident in them for being a long term investment.
They're all going to be expunged from authorised exchanges eventually but that certainly won't mean they're worthless. It's going to be very interesting to observe where they settle and grow once it's clear that's going to happen. why would anybody need centralized exchanges ? because they're not oxymorons label and function are two different things.
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BitcoinGirl.Club
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Activity: 2758
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Farewell LEO: o_e_l_e_o
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March 08, 2019, 08:12:18 PM |
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Paashaas
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Activity: 3422
Merit: 4342
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March 08, 2019, 08:22:05 PM |
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madnessteat
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Activity: 2226
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March 08, 2019, 08:33:00 PM |
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Last of the V8s
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Be a bank
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March 08, 2019, 08:48:03 PM |
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https://breakingdefense.com/2019/03/us-gets-its-ass-handed-to-it-in-wargames-heres-a-24-billion-fix/So what does that $24 billion buy? To start with, missiles. Lots and lots of missiles. The US and its allies notoriously keep underestimating how many smart weapons they’ll need for a shooting war, then start to run out against enemies as weak as the Serbs or Libyans. Against a Russia or China, which can match not only our technology but our mass, you run out of munitions fast. A paltry sum by today's standards.
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infofront (OP)
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Activity: 2632
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Shitcoin Minimalist
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March 08, 2019, 08:50:32 PM |
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I'm currently thinking three scenarios that would get us out of my own personal consideration of this current bear market and into a conceptual bull market.
1) BTC price rises above $6k and stays there for at least two months
2) BTC price rises above $4.5k and stays there for at least six months
3) BTC price does not break below $3,320 for at least one year
Anyone going to label my tentative "getting out of a bear market and into a bull market" conditions ridiculous?
Given the upward slope of every long term support/trend line, $3,320 in 11 months would put is in bad shape, as I believe it would violate pretty much all long term bull lines.
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Toxic2040
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Activity: 1792
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March 08, 2019, 09:05:22 PM |
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I'm currently thinking three scenarios that would get us out of my own personal consideration of this current bear market and into a conceptual bull market.
1) BTC price rises above $6k and stays there for at least two months
2) BTC price rises above $4.5k and stays there for at least six months
3) BTC price does not break below $3,320 for at least one year
Anyone going to label my tentative "getting out of a bear market and into a bull market" conditions ridiculous?
Given the upward slope of every long term support/trend line, $3,320 in 11 months would put is in bad shape, as I believe it would violate pretty much all long term bull lines. Best case/worst case maybe? Regardless, within 14 months it seems a pretty safe bet we will at least be 2x from where we are today. Carry on.
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Febo
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Activity: 2730
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March 08, 2019, 09:06:18 PM |
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Serious printing will start after they will start buying Bitcoin. Today while reading that in my country females finally got to only 5% lower salaries then the men, what would sort of look fine if there would not be 30% more females college graduates then men. I was thinking. We are at the brink of the biggest redistribution of wealth in human history. It is happening right now. And where are females? They will manage to skip it again. Let men take everything back. This world is so cruel.
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LFC_Bitcoin
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Activity: 3514
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#1 VIP Crypto Casino
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March 08, 2019, 09:10:10 PM |
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I might be alone with this but this modern day political correctness shit is annoying. I’m not interested in International Women’s Day.
Sounds like a load of bull shit to me.
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LFC_Bitcoin
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#1 VIP Crypto Casino
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March 08, 2019, 09:18:30 PM |
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Haha, that’s a bit far
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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March 08, 2019, 09:18:44 PM |
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JayJuanGee
Legendary
Online
Activity: 3696
Merit: 10143
Self-Custody is a right. Say no to"Non-custodial"
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@JJG - If I’m honest I’m way more invested in bitcoin than any sane person would be. I have a house with a mortgage on, an apartment that I rent out (it also has a mortgage on). I have £40,000 in a shit UK fiat bank ISA savings account with 0.1% annual interest (a compensation pay out for a bad car accident I had 10 years ago - caused by a drunk driver). Apart from that I’m all in on bitcoin. Most sensible people would buy 3 or 4 more apartments & rent them out & probably be set for life but I believe in bitcoin so much. I’m a risk taker & I will become a millionaire through crypto, I’m very certain of it. Any way that’s my fucking shitty story Probably all of us have some shitty aspects to our personal stories, and it is really difficult to measure our own particular selves with the mean. There is some aspect of everyone who is crazy when we investigate into their particulars, but then when it comes to learning about a certain topic, bitcoin, in this case. There seems to be such a lopsided gamble taking place in terms of what the actual odds seem to be. I still suggest that everyone preserve themselves in case the lopsided bargain does not play out... so in that regard, if we are going to leverage in bitcoin, we have to be very careful that the terms of that leverage are not so drastic that we would be killed in the less likely bitcoin to zero scenario. Maybe it takes a couple of bubbles (and cushions of equity) to really relax. You keep suggesting that the next bitcoin bubble has a decent chance of sufficiently putting you over to the top in that relax mode. I personally feel like I am more relaxed than you, but I still want the next bubble and really am looking forward to it. For me, it would be like going from regular rich to bordering on filthy rich.. at least in my own kind of mental framing of the situation of how much beyond my bare minimums or my expected lifestyle I would be able to live. Remember the link that V8 posted the other day about the billionaire diamond trader? We just gotta keep matters in perspective, and even what we might end up considering as a low risk investment into something like penis enlargement ends up killing us, and likely it would have been better to forgo such treatment, even though we never would have thought the end result was so unacceptable and personally costly.
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