Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Ibian]

A very interesting story!

https://www.quora.com/What-is-it-like-to-be-a-Bitcoin-millionarie

This guy has my respect! He waited 7 years as a true hodler. He didn't sell everything, he left over 50% of his stash. He sold far from the top at 11K and still didn't buy at higher prices during December 2017 FOMO. We can learn a lot from this guy. Screw the ferraries and lambos though, I think this is a horrible investment (despite my hat).

Two points. First, most people make almost nothing in a normal job. It's not the case that hodling can make you rich, but that everyone else is poor.

Second, the part about being almost happy to pay taxes. It's because of the state that most people are poor. Fuck taxes. The welfare state should be abolished.

Funny that you, Ibian, are able to take almost any positive and turn such positive into a negative.

Would you rather spend taxes on the $30million that you withdrew, or get locked up for 10 or 20 years?

Of course, it might take a whole hell of a lot of will power to HODL your bitcoin stash and not be tempted to cash out too much too soon through periods of your maintaining mediocre-ass jobs.  Surely the level of your bitcoin wealth can tempt any person with even strong will to cash out too much too soon.

Freedom is not measured in money. A gilded cage is still a cage. https://www.youtube.com/watch?v=Xbp6umQT58A

And the result is always the same. Collapse and millions of deaths.

We know that excessive taxation only leads to a weaker economy and a need for even more taxes until we end up with literal slavery. We spent the past century running the experiment and we have all human knowledge at our fingertips. If taxes were lowered to a quarter of what they are then we would have four times the purchasing power for our work. At the price that a very small number of people would have to live a normal life, just like the rest of us. The horror.

The welfare state, with its high taxes, needs to be destroyed.

[Justin999]

A very interesting story!

https://www.quora.com/What-is-it-like-to-be-a-Bitcoin-millionarie

This guy has my respect! He waited 7 years as a true hodler. He didn't sell everything, he left over 50% of his stash. He sold far from the top at 11K and still didn't buy at higher prices during December 2017 FOMO. We can learn a lot from this guy. Screw the ferraries and lambos though, I think this is a horrible investment (despite my hat).

True sir. that's really an interesting story. I think It inspires new holders and will be a motivational story for panic sellers.
I also bealieve that, Yet There are a lots of things, that we can learn

[Karartma1]

A very interesting story!

https://www.quora.com/What-is-it-like-to-be-a-Bitcoin-millionarie

This guy has my respect! He waited 7 years as a true hodler. He didn't sell everything, he left over 50% of his stash. He sold far from the top at 11K and still didn't buy at higher prices during December 2017 FOMO. We can learn a lot from this guy. Screw the ferraries and lambos though, I think this is a horrible investment (despite my hat).

Interesting story, I wish I could have started mining earlier than 2014. Back in 2010 one only needed a decent gaming PC to mine bitcoin.
IMHO I am good like this, I learnt a lot thanks to bitcoin. I have a few and that's enough for me. Financial freedom is the key here.

[Toxic2040]

Great, now I'm imagining thousands of rioters frenching and rubbing against eachother. Thanks dude.

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A very interesting story!

https://www.quora.com/What-is-it-like-to-be-a-Bitcoin-millionarie

This guy has my respect! He waited 7 years as a true hodler. He didn't sell everything, he left over 50% of his stash. He sold far from the top at 11K and still didn't buy at higher prices during December 2017 FOMO. We can learn a lot from this guy. Screw the ferraries and lambos though, I think this is a horrible investment (despite my hat).

+1 WOsMerit

HODL


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Interesting read I thought.



https://thehustle.co/covid19-local-currency-tenino-washington/?utm_source=pocket-newtab


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Good morning all


Wall Challenge today

I would like everyone to try and get outside today and enjoy a hour out in the nature and sunshine.

The honor system ofc...but pics always appreciated.   strongbodies=strongminds


------
bitcoin

Another low volatility day with bitcoin continuing to trading in a narrow range.  #dyor

1h


4h

#stronghands

[CryptoYar]

One more story that has given me a lot of courage, believe me, it is not over yet, more stories will be made.

Mr. Smith worked at a Silicon Valley tech company when he purchased $3,000 worth of Bitcoin in October 2010. “I had no idea how much to invest, but I was getting paid pretty well at the time, so I decided on $3,000.” Because Bitcoin was worth only $0.15 a piece at the time, his initial investment gave him around 20,000 Bitcoins.

From the very start, Mr. Smith knew that he was playing the long game, deciding to see just how high Bitcoin could go. For the next three years, he hodled his investment, only occasionally checking how Bitcoin is performing. But when Bitcoin hit $350, and then $800 just days later, Mr. Smith knew that it wouldn’t be wise to wait any longer.

He cashed out $2.3 million, quit his job

[glowing10]

One more story that has given me a lot of courage, believe me, it is not over yet, more stories will be made.

Mr. Smith worked at a Silicon Valley tech company when he purchased $3,000 worth of Bitcoin in October 2010. “I had no idea how much to invest, but I was getting paid pretty well at the time, so I decided on $3,000.” Because Bitcoin was worth only $0.15 a piece at the time, his initial investment gave him around 20,000 Bitcoins.

From the very start, Mr. Smith knew that he was playing the long game, deciding to see just how high Bitcoin could go. For the next three years, he hodled his investment, only occasionally checking how Bitcoin is performing. But when Bitcoin hit $350, and then $800 just days later, Mr. Smith knew that it wouldn’t be wise to wait any longer.

He cashed out $2.3 million, quit his job

This are the true stories those who just bought at those initial levels of bitcoin and kept and forget it as well in good quantity are millionaire or billionaire today. Only thing those who bought and kept it were the one who made money and those who sold it at the start only would be regretting later on seeing when the btc hit 20k levels.

[Hueristic]

One more story that has given me a lot of courage, believe me, it is not over yet, more stories will be made.

Mr. Smith worked at a Silicon Valley tech company when he purchased $3,000 worth of Bitcoin in October 2010. “I had no idea how much to invest, but I was getting paid pretty well at the time, so I decided on $3,000.” Because Bitcoin was worth only $0.15 a piece at the time, his initial investment gave him around 20,000 Bitcoins.

From the very start, Mr. Smith knew that he was playing the long game, deciding to see just how high Bitcoin could go. For the next three years, he hodled his investment, only occasionally checking how Bitcoin is performing. But when Bitcoin hit $350, and then $800 just days later, Mr. Smith knew that it wouldn’t be wise to wait any longer.

He cashed out $2.3 million, quit his job

He should never have cashed out as thats worth $190,000,000 today.

[Tash]

^^^If not cashed out what the point of investing, taking it with to the grave?  $190,000,000 today billionare tomorrow.

You know @pashaas, you just exaggerating. Men get real, read arguments of the other side. Take a deep breath.  World will look much brighter

#lockdownsceptics

You and LFC are not the brightest people around here isn't it?

If both of you understand why hospitals are getting overwhelmed than you will realize how much full of schit you both are.

overwhelmed like in Brazil with 5,000 infected & 200 deaths until,
Members of Parliament break into hospital and CAUGHT THEM RED HANDED NOT ONE PERSON
hospital frauded the world!!  Careful potentially sensitive content to view.
https://twitter.com/aoecoin/status/1272712575537438720?s=21

Did have a real life quarlel today, parted both of the opinion to have won,          
only to meet up shortly thereafter:

In my opinion it is dangerous to believe bullshit like this.  I can tell you for a FACT that the covid units built in the hospital system I work for are REAL, and the fact they are up ~100% over the last week is also REAL.  And people who end up intubated stand a real chance of dying.

Brazil is one thing NY Elmswood hospital (worlds epicenter) and US Military Nurse is another.
It is know for months, anyone in-tubated has near 100% chance of dying and it is also wrong treatment altogether.
Inside story what is going on.  Not for the fainthearted.  A eye opener what a hospitals chase for money can do.
https://banned.video/watch?id=5ee13c3cc7a607002f0c8187

[LFC_Bitcoin]

You and LFC are not the brightest people around here isn't it?

If both of you understand why hospitals are getting overwhelmed than you will realize how much full of schit you both are.

I dunno about anywhere else but hospitals in the UK have absolutely not been overwhelmed. The government built these new Nightingale Hospitals specifically for covid patients & guess what, they’ve been largely empty throughout the entire pandemic.

https://www.ft.com/content/09897050-13bc-4ebe-99af-25b8d2ab5781

I think governments worldwide panicked & expected Corona Virus to be a lot worse than it has been. If you want to be a pussy & stay at home, hide around wearing a mask then be my guest. I’ve been out about 4 times a day since lockdown started & guess what, I’m absolutely fine.

I cba to go googling now but I’ve seen loads of stats detailing deaths per month in the UK & it’s not even that much worse in the UK to regular times. They keep using people dying in care (nursing) homes as a reason why covid19 is so bad. News flash, old people go to care (nursing) homes to die because they’re not fit/healthy/able bodied enough to live at home independently.

Opinions are like arse holes, everybody has one & I’m entitled to mine. Covid19 - massive overreaction, largely only killing or seriously affecting the elderly.

[Hueristic]

^^^If not cashed out what the point of investing, taking it with to the grave?  $190,000,000 today billionare tomorrow.

Try reading this thread and learn something.

https://bitcointalk.org/index.php?topic=5255623.0

[Raja_MBZ]

Thought of letting y'all know in advance that I'll remain quite inactive at this forum in the next couple of months (probably till August). I've got a few problems to solve IRL; I hope to get the stuff sorted within this period of two months.

I'll come here in the case of less than $8000 or more than $11000 (per BTC).

EDIT: WOW! This completes 5000 posts.

[Hueristic]

Thought of letting y'all know in advance that I'll remain quite inactive at this forum in the next couple of months (probably till August). I've got a few problems to solve IRL; I hope to get the stuff sorted within this period of two months.

I'll come here in the case of less than $8000 or more than $11000 (per BTC).

EDIT: WOW! This completes 5000 posts.

GL with that irl crap!

[JayJuanGee]

A very interesting story!

https://www.quora.com/What-is-it-like-to-be-a-Bitcoin-millionarie

This guy has my respect! He waited 7 years as a true hodler. He didn't sell everything, he left over 50% of his stash. He sold far from the top at 11K and still didn't buy at higher prices during December 2017 FOMO. We can learn a lot from this guy. Screw the ferraries and lambos though, I think this is a horrible investment (despite my hat).

Two points. First, most people make almost nothing in a normal job. It's not the case that hodling can make you rich, but that everyone else is poor.

Second, the part about being almost happy to pay taxes. It's because of the state that most people are poor. Fuck taxes. The welfare state should be abolished.

Funny that you, Ibian, are able to take almost any positive and turn such positive into a negative.

Would you rather spend taxes on the $30million that you withdrew, or get locked up for 10 or 20 years?

Of course, it might take a whole hell of a lot of will power to HODL your bitcoin stash and not be tempted to cash out too much too soon through periods of your maintaining mediocre-ass jobs.  Surely the level of your bitcoin wealth can tempt any person with even strong will to cash out too much too soon.

Freedom is not measured in money. A gilded cage is still a cage. https://www.youtube.com/watch?v=Xbp6umQT58A

I will not deny the truth of many of the points that Stefan Molyneux makes in the above attached 13 minute video, and sure recognizing the cage and the history can provide you with a decent amount of freedom and choice regarding how you are going to lead your own life and what pursuits you are going to make with your life.

Even if there are a lot of truths in Molyneux's presentation, there are a lot of problems to attempt to live a life as if the state does not exist, to decide that you are not going to be limited by the state or to believe that the state does not have a variety of legitimate purposes, in spite of a lot of the forceful apparatuses that exist with the built upon presumptions of many aspects of the state.

Of course, in the end, I would prefer to have youth and energy rather than wealth, but it is NOT like I have very many choices regarding how much youth and energy that I have, and of course, the age part is a lot less controllable for me, even if people try to act like age does not matter, when in fact it does matter.  In the end, there is only so much eating well, getting decent exercise and getting adequate and meaningful rest that any of us can do in order to maximize our energy levels as we are getting older and perhaps developing a variety of age-related ailments in spite of our "doing the right thing"..  The inevitabilities of aging does not mean that I am going to give up upon some of the measures that I can take to improve my quality of life by engaging in good health practices for my limited number of years on the planet, and of course, any of us who have lived a while should realize and recognize and accept that there is a difference between being 20 years old and 50 yo.. whether we want to admit these material realities or not.

Sure, when I was a lot younger I was not even clear in my own thinking about how to maximize my youth or even the limitations of my own situation, and for sure, I did not come from a place of monetary privilege or even education, so I really had to work quite a lot to learn about the world and to learn about myself and my place in the world in terms of my starting points and what might be possible for me within such limited existence. 

Accordingly whatever pleasures that I had accumulated from such starting points (and sure I had some luck in coming from a society that has some decent supply chains, so I did not grow up in complete poverty, which allowed me some opportunities that would be more difficult to achieve for some other persons from other starting points) and for the wealth that I accumulated, and currently, I believe that it is much better to have a lot of wealth cushion than to be in my older time of my life and to be struggling financially... that would suck, and there are a lot of folks out there that work way harder than me in their old age.

I feel grateful, and feel as if I have gotten lucky in a lot of regards with my life.  When I was in my teenage years, I actually had few goals that went beyond just childish pleasures, and I did not really pursue wealth even in my 20s and 30s beyond learning some decent organization skills to live within my means and to establish saving plans, rather than pursuing making a lot of money.   So, it seems to me that I got lucky in regards to how some of my ongoing small or mediocre savings ended up paying off quite well with the addition of my bitcoin investment, and so some of the luck of the preparation met with opportunities, and for some reason, I never did really ever want to get locked up, even though when I was in my teens, 20s and 30s, I was way more willing to take a lot of chances that I am quite a bit less willing to take chances these days, even though a bit of my youthful risk tolerance still does influence me, but just in different ways than I had been MOAR willing to put my body on the line when I was in my 20s and 30s, but I don't feel as physically capable to recover from disease or injury as I had felt capable of being somewhat invincible in my younger times.   

 So, sure, maybe some people do not mind fighting some ideological battles or even  actually putting their bodies on the line or maybe even going to jail or prison, and surely if you end up going to jail or prison, I would hope that you realize that you could pay a pretty steep price for those kinds of ideological commitments, if that is what you choose to put on the line as your bargaining chip.

I feel that I have fought quite a few ideological battles myself, especially in my younger years (and sometimes I still can be kind of stubborn in fighting when maybe I should not), but after a while, it surely is nice to just NO longer have to fight some of the battles.. or at least not as much.. and to leave some of the actual heavier fighting of putting bodies on the line to the younger folks who are more willing (and maybe they feel that they have less to lose, erroneously or not)...

I don't mind advising ideological battles, here and there, but I really do not feel that it is necessary for me to get involved in some of those BIGGER potentially sacrificial battles, and for example, I would rather pay my goddamned taxes, in the event that I were to have $30 million or even $5million that I was cashing out of bitcoin....

Maybe I will NOT exactly enjoy paying the 15% capital gains.. of $4.5million or the $750k respectively that would be levied respectively, so that I can remain free to travel within nation and internationally, buy lambos, bang hookers, snort blow and other non-essential excursions that would not be within my abilities if I were locked in a cage.

You, Ibian, of course, remain free to make your own choices regarding calculating risk/rewards of your levels of compliance and how much you are willing to lose for purported ideological purposes.

And the result is always the same. Collapse and millions of deaths.

Sure, get caught up in the BIG picture if you like.  I would prefer to make choices on a smaller level without necessarily feeling as if I need to save the world, and probably it is possible to do both, and sure, if you believe that there is a way that you can lessen your tax burden or to avoid paying taxes, then those can be quite reasonable, so long as you are able to distinguish between legal and illegal, and if you believe that crossing into evading taxes might not end you in a spot that you might not want to be, but those might be judgement calls too, in regards to risk versus rewards and calculating the odds of various outcomes.

We know that excessive taxation only leads to a weaker economy and a need for even more taxes until we end up with literal slavery.

Of course, there are all kinds of unreasonable and irresponsible ways in which governments spend their revenues, and in that regard there are all kinds of ways in which we can disagree with a variety in which tax revenues are spent, and even if they are necessary versus other ways in which, even governments, might figure out ways to live within their own means.  I am not going to buy your presumption that all government is bad, even though I can agree with you about there are a lot of corruption in government at a lot of levels and across various nations.

We spent the past century running the experiment and we have all human knowledge at our fingertips. If taxes were lowered to a quarter of what they are then we would have four times the purchasing power for our work. At the price that a very small number of people would have to live a normal life, just like the rest of us. The horror.

I doubt that you have all of the answers as you seem to proclaim to have them.

The welfare state, with its high taxes, needs to be destroyed.

I doubt that the welfare state angle is really the problem.  You would like to presume that all aspects of government are either bad or that government devolves into badness the longer that it exists, so I doubt that your generalized opposition really leads us to any kind of better state because your blanket solution seems to be just to get rid of and to give up on government rather than to really attempt to grapple with good and bad aspects of government.

I doubt that we can really have a world of more than 7 billion people and to give up on government or attempt to create some kind of universal Ibian-acceptable forms of government, even though many of us probably would not be opposed to having more local controls and more freedoms, but in the abstract those kinds of ideas really are difficult to attempt to apply as if there is some kinds of universally acceptable solutions, beyond just that Ibian wants to freeload and not pay taxes and do what he wants while having some of the benefits of the infrastructure that various governments had provided for him.. but he wants to ignore those things and just freeload.  That's right. I said it.   

[fillippone]

^^ Nice wall of text JJ!

I also have been quite busy lately. I have been writing a very nice topic:
Everything you wanted to know about Grayscale BTC Trust but were afraid to ask!

Since the publication of PlanB articles, the Bitcoin value proposition has gained a sort of validation based on a solid model, which proved with rigorous maths the rhetoric of “Bitcoin is valuable because it is scarce”.

This made Bitcoin Investment viable for a series of actors, who were ready to embark in a series of legal, regulatory and fiscal hassles to get long exposure to bitcoin. Others will inevitably follow, but those who embarked in this venture earlier gained market shares and profits in a less than competitive market.

One of the most discussed amongst these funds is Grayscale.
The huge amount of bitcoin they bought has drawn attention from the community. Be it because a signal if institutional adoption, or a measure of scarcity of bitcoin  when measured against mined bitcoin.

I think many concepts about this fund have been oversimplified, and a few technical details of the inner functioning could better serve a global understanding on how this fund works, how it is used by institutional investors,  be it “fiat investors” or whales, and by retail investors.

Given the fact Grayscale was very often commented in the news, some insightful reports, and a very good thread in the italian board, I decided to go with a thread detailing some of the main aspects, going thru some finer details, trying share what I have learned in the process.

During all this article I will refer to this spreadsheet, where you can see the details of many of the computation. You can open it and play with it.

Thank you to the fellow italian members who discussed on GreyScale thread by Plutosky on their local board.

Hope you like it!

[LUCKMCFLY]

A new ATH , maybe $100k  



Source: https://twitter.com/ChartsBtc/status/1273637583008886784?

[OutOfMemory]

Hey, don't forget me, sweetheart.

#realCOVidiot
#COVshill

You are not intellectual enough to understand the situation, it made what you are today: a pessimist is not a well informed optimist and the biggest disrespected person in the WO.

Instead of shitting in people's mounth stop drinking booz and educate yourself.

Back on my ignore list, i already expected you fruitless respons.

overwhelmed like in Brazil with 5,000 infected & 200 deaths until,
Members of Parliament break into hospital and CAUGHT THEM RED HANDED NOT ONE PERSON
hospital frauded the world!!  Careful potentially sensitive content to view.
https://twitter.com/aoecoin/status/1272712575537438720?s=21

Did have a real life quarlel today, parted both of the opinion to have won,         
only to meet up shortly thereafter:

You post makes no sence to me, half fabricated bullshit.

Before i move you on my ignore list i say one thing: you can't even read a simpel chart, Brazil already hiking on 1m cases and over 40k deaths.

Trying to get to a sane, objective discussion between covid optimists and covid pessimists is like trying to grab an 8-ball using chopsticks.
I also tried a while, until it became boring.
It's not easy to understand and people generally tend to simplify.

[JayJuanGee]

A very interesting story!

https://www.quora.com/What-is-it-like-to-be-a-Bitcoin-millionarie

This guy has my respect! He waited 7 years as a true hodler. He didn't sell everything, he left over 50% of his stash. He sold far from the top at 11K and still didn't buy at higher prices during December 2017 FOMO. We can learn a lot from this guy. Screw the ferraries and lambos though, I think this is a horrible investment (despite my hat).

Interesting story, I wish I could have started mining earlier than 2014. Back in 2010 one only needed a decent gaming PC to mine bitcoin.
IMHO I am good like this, I learnt a lot thanks to bitcoin. I have a few and that's enough for me. Financial freedom is the key here.

O.k... I am not going to poo poo mining because there are some values in mining, especially towards the security of the bitcoin network as a whole, and surely more technically oriented folks can really exploit and build upon some of their interests by getting into bitcoin mining.

Nonetheless, it seems to me that the more salient points of the article end up revolving around any person who might get into bitcoin, and establish a decent early position in bitcoin, and then HODL their position for a couple of bitcoin exponential cycles while NOT really getting tempted to sell their position before their position has appreciated in a meaningful way. 

Of course, since we cannot move the clock backwards, we can largely only look at ourselves in terms of what position that we have already acquired, and consider whether our position might be sufficiently adequate in order for us to be able to feel comfortable cashing out of a decent amount of our bitcoin down the road. 

Again, like I mentioned in my earlier post that was attempting to be responsive to the ideas of the situation illustrated in the article, we might not be able to acquire anywhere near such a profitable level of a position in bitcoin for such a low amount of investment that appreciates so much in such a short period of time; however, we might be able to achieve a lesser form of that level of appreciation.

So, maybe, on a personal level, I am battling with the terms of the article because it is showing something that seems to be approaching a "best case scenario" rather than a more realistic scenario that would be more applicable to regular BTC accumulators, rather than the more lucky and fortunate situations.

Of course, with preparation and attempted foresight, we might get lucky to achieve some level of BTC performance that comes close to the situation that is illustrated in the article, but we are not too likely to even come close to being able to achieve anything close to such BTC performance levels if we do not take some kind of committed stance and make a kind of committed plan, and sure, any of us might choose to limit our investment into BTC to less than $10k and hope to achieve $100million in BTC profits, and of course, if we only have $10k that we are able to invest, then of course, we do the best that we can, so there can likely be ways to attempt to front load your BTC investment or maybe you have already spent a certain amount of time accumulating and acquiring a BTC position, then maybe one of the points of the article would be to either to keep building the BTC position, or just HODL a sufficient amount of time to let some of the seemingly likely ongoing BTC price appreciation play out.. through one or two more exponential price cycles (and yeah, there is a bit of a presumption, even though not guaranteed, that BTC continue has decent chances of having one or more exponential price cycles in the coming years, and maybe it could even take 10 years or more to play out in such a way that someone who is just starting to acquiring a BTC position is able to profit from taking a decent stake now, versus the 7 years that had passed from the investment example in the article.

You cannot change the time in which you got into bitcoin, so if you just got into bitcoin in 2014, then sure you are likely better off than someone who is just getting into bitcoin now, but still if you got into bitcoin in 2014, there may be a variety of ways that you fucked up, and you feel that you did not acquire an adequate BTC position, but you still should be way better off than someone who is just learning about bitcoin now or someone who may have started acquiring their BTC position at the top of the 2017 BTC price peak, or maybe better off than someone who spent several years acquiring a BTC position and maybe acquires 10BTC, but then sells the whole position upon BTC's price drop for something around a break even position rather than figuring out ways to HODL through such trying times in order to keep building on the 10BTC position rather than getting scared out of such position because of a short-term emotional loss of confidence in BTC's longer term potentialities (of course I am referring to something like mindrust's scenario, here, which is a rare one, but anyone could get trapped into forgetting about the need to continue to accumulate bitcoin in such a way that you continue to have plenty of fiat and you are willing to ride your BTC down to zero, if need be, because you continue to have confidence in bitcoin and you did not overly invest into bitcoin in such a way that you are not able to HODL through difficult periods).

Ultimately, I would think that anyone who might have starting accumulated in 2014, such as you Karartma1, should not be getting distracted by thoughts about "what if I had gotten into BTC earlier", but instead trying to figure out ways that your 2014 or so beginnings into BTC can be built upon to help you to have the potential to arrive at a situation that might be similar to the guy in the article, even if it might take you longer and your price appreciation might not be near to as great as the example in the article, because surely even a person who had acquired 10 BTC to 50 BTC might be able to reach $100 million, and of course, the more sats that you have been able to stack, the lower that BTC price needs to rise in order for you to either reach fuck you status or filthy rich status, and even if many of us might not reach filthy rich status, we should be able to get a decent amount of gratefulness for either reaching fuck you status or even a kind of status that just provides us with a lot more options, even if it is NOT quite at "fuck you" status levels.

[Ibian]

covid optimists and covid pessimists

Wait. How are you defining this?

[JayJuanGee]

One more story that has given me a lot of courage, believe me, it is not over yet, more stories will be made.

Mr. Smith worked at a Silicon Valley tech company when he purchased $3,000 worth of Bitcoin in October 2010. “I had no idea how much to invest, but I was getting paid pretty well at the time, so I decided on $3,000.” Because Bitcoin was worth only $0.15 a piece at the time, his initial investment gave him around 20,000 Bitcoins.

From the very start, Mr. Smith knew that he was playing the long game, deciding to see just how high Bitcoin could go. For the next three years, he hodled his investment, only occasionally checking how Bitcoin is performing. But when Bitcoin hit $350, and then $800 just days later, Mr. Smith knew that it wouldn’t be wise to wait any longer.

He cashed out $2.3 million, quit his job

This are the true stories those who just bought at those initial levels of bitcoin and kept and forget it as well in good quantity are millionaire or billionaire today. Only thing those who bought and kept it were the one who made money and those who sold it at the start only would be regretting later on seeing when the btc hit 20k levels.

Some of the examples seem to depend too much upon front loading a large amount and then cashing out too much too soon, and maybe the Mr. Smith example illustrates that cashing out a decent amount of BTC can be prudent, but it may even be more prudent not to cash  out everything, even when your investment has appreciated in enormous ways that are beyond your wildest dreams.

Surely, cashing out everything shows a kind of gambling mentality and a lack of conviction (or maybe even having any kind of meaningful clue) regarding BTC fundamentals.

^^^If not cashed out what the point of investing, taking it with to the grave?  $190,000,000 today billionare tomorrow.

There is a point to moderation and incrementalism, instead of all or nothing thinking that likely causes some peeps to end up cashing out too much too soon rather than really figuring out a more reasonable and prudent approach that would profit more and longer term from moderation and incrementalism which seems to be a much better approach in dealing with bitcoin.

[Cryptotourist]

You are not intellectual enough to understand the situation, it made what you are today: a pessimist is not a well informed optimist and the biggest disrespected person in the WO.

Instead of shitting in people's mounth stop drinking booz and educate yourself.

Back on my ignore list, i already expected you fruitless respons.

Pfff, learn to write English, you fucking liar.

Establishment shills don't want anyone to worry about Covid because it gives them the right to defeat facial recognition.

Care to elaborate on this one?
Establishment shills want you to worry about COVid. Defeat facial recognition?

Sorry, but as Paashaas said, I'm fucking stupid.


edit: Hey JJG, Ctrl+Alt+Del