OROBTC
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July 02, 2020, 02:58:35 AM |
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... NONE of us (I suppose) have had perfect vision re BTC prices over the years. Like most of you guys, I think anyone with over even a tiny amount (say 0.1 BTC) is already a "winner", even if you bought it yesterday (ah perhaps if you only bought in late 2017 maybe not, but we'll ignore that anomaly). Anyone with over 1.0 BTC is, or will be, a big winner. Anyone with 10.0 BTC or more would be, perhaps, a "Giant Shrimp" (to borrow FOFOA's term). Over 100? Hey, don't forget your friends! An example of me making mostly bad calls: on ALL of infofront's polls I have been wrong each time except once. You guys could make money taking the other side of any short-term trades I would make (guesses too). * * * Just today I bought more at CVS (the LibertyX service I discussed a day or two ago). This time I paid a total fee amount of just 1.63% or so (well, plus gas to drive over), and the process was a snap today. Just asked the gal at CVS to scan the barcode off my cellphone and plunked down my cash. Easy-peasy. I think I figured out why the cost was a little higher than expected (that's twice now): I paid "ask" price ("their price"), both times "their BTC price was some $45 over mine (preev.com, I like that one because it's fast, I like fast esp. on my cellphone at CVS...). LibertyX will start charging their own fee after July 31. If you don't care (much) about the KYC, then it's a pretty good deal for buying BTC in July.
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jbreher
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lose: unfind ... loose: untight
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July 02, 2020, 03:44:48 AM |
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the evening wall report
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snake climbs up mountain and spits fire
...just a quick note to let you know that I so enjoy your colorful trend descriptions.
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jbreher
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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July 02, 2020, 03:48:18 AM |
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So, in the meantime I thought I would fire up an old bitcoin wallet from 2014 and see just what I was spending coins on.
Some gems include:
Wii U console: .5 bitcoins, $4,600 in today's money Delivered Pizza including tip: .02btc, $184 Towels for the house: .4 bitcoin, $3680
While it is true I have been able to enjoy these things for the past 6 years, they did wind up costing me a lot. Something to keep in mind if you sell your bitcoins today, in 6 years you might be thinking "I could have bought xxxxx with that money"
If nobody had ever spent any of their bitcoins, Bitcoin would have no value. Lazlo did his part back in 2010 and gave Bitcoin its first real-world monetary value. He said the pizzas were delicious. Hopefully he 's still holding much more than he spent and he's filthy rich. I've still got my 2 black BTC ballcaps , which cost me about $30 in Bitcoin at the times I bought them and are now worth thousands (the older one) and hundreds (the newer one). They're still comfortable, albeit a little worn and sweat-stained. I wear them now only on special occasions, mainly for $5 wrench reasons. I feel I too was doing my part in my small way. I managed to hold enough coins to live happily ever after. Maybe some day I'll be filthy rich too. Be proud that you did your part toward making Bitcoin what it is today and what it will be some day. Hopefully you're still holding enough coins to be filthy rich some day too. I spent a full BTC on a dozen old hyperinflated Zimbabwean currency notes. Money well spent, in an ironic sort of way.
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Toxic2040
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Merit: 4141
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July 02, 2020, 03:59:24 AM |
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re: picnic bear
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Biodom
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Merit: 4032
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July 02, 2020, 04:47:04 AM |
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So, in the meantime I thought I would fire up an old bitcoin wallet from 2014 and see just what I was spending coins on.
Some gems include:
Wii U console: .5 bitcoins, $4,600 in today's money Delivered Pizza including tip: .02btc, $184 Towels for the house: .4 bitcoin, $3680
While it is true I have been able to enjoy these things for the past 6 years, they did wind up costing me a lot. Something to keep in mind if you sell your bitcoins today, in 6 years you might be thinking "I could have bought xxxxx with that money"
If nobody had ever spent any of their bitcoins, Bitcoin would have no value. Lazlo did his part back in 2010 and gave Bitcoin its first real-world monetary value. He said the pizzas were delicious. Hopefully he 's still holding much more than he spent and he's filthy rich. I've still got my 2 black BTC ballcaps , which cost me about $30 in Bitcoin at the times I bought them and are now worth thousands (the older one) and hundreds (the newer one). They're still comfortable, albeit a little worn and sweat-stained. I wear them now only on special occasions, mainly for $5 wrench reasons. I feel I too was doing my part in my small way. I managed to hold enough coins to live happily ever after. Maybe some day I'll be filthy rich too. Be proud that you did your part toward making Bitcoin what it is today and what it will be some day. Hopefully you're still holding enough coins to be filthy rich some day too. I spent a full BTC on a dozen old hyperinflated Zimbabwean currency notes. Money well spent, in an ironic sort of way. Great story.. "Hyperinflation cured by btc" "Deflationary digital currency meets it's match in hyper-inflating one": BTW, this is how I would feel when buying simple goods in btc right now, unless I immediately buy a replacement using fiat.
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AlcoHoDL
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Merit: 4358
Addicted to HoDLing!
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July 02, 2020, 05:25:41 AM |
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[...]
I forgot your story, AlcoHoDL, are you saying that you were one of those could have been earlier adopters, but you did not rise yourself to the level of action which would likely mean figuring out some kind of reasonable budget to get "in" at some earlier date? When are we talking? and why did you NOT act? would have it made a difference? I had some asset that I had invested into in early October 2013 and I would have had that money available for bitcoin, but I will say that I did withdraw all of that money that I had invested in that October 2013 asset and I invested into bitcoin between about October and December 2014 which I believe largely played out better for me.
What is your "could have," "would have," "should have," and would have it made a difference in terms of what you did, your resulting financial status or even your mindset?
I could have been an early(er) adopter. With Bitcoin, hesitation works against you most of the time. I had a good amount of fiat that I could have spent on Bitcoin in 2015 (the best post-MtGox time to buy, but how could I have known? Got to take risks...), but I didn't. And I ended up spending the very same amount of fiat on Bitcoin in the later years, ending up with a fraction of the coins i could now have. As simple as that. I'm not really complaining though. It's all good. It's great actually. Oh, and BTW, my Trezor (when empty) is now worth $1050 (bought it with BTC)... LOL HoDL.
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SuperTA
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July 02, 2020, 05:48:12 AM |
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https://www.youtube.com/watch?v=l3QQQu7QLoM&feature=youtu.beTrending on twitter...A Decade of Sun. NASA makes 10 year timelapse of the Sun. Every second in the video represents 1 day. Well it almost looks like a bitcoin. Similar color, similar power and similar years, a decade of bitcoin. I watched the video and i noticed the activity is very different through all those 10 years. There are some interesting comments below the video. For example: 1. "Looks like we are in a period of minimal solar activity" 2020 2. "huge difference in solar activity between e.g. August 2011 (minute 7) and 9 y later e.g. Sept. 2019 (min 56)" 3. "2018 Jan 10, 46:29 solar flare! Was pretty noticeable" 4. "At 13:11 you can see a huge CME that almost hit us in 2012" 5. "37:50 cameras offline.. why might that be? 3rd August 2016 - 10th August 2016" 6. "solar eclipse at 53:29" 7. "I almost quit watching when I saw 2013 May 10, but 2017 Aug 23 made it all worth it. 18:02 and 44:09 for anyone who's wondering" 8. "33:45 - 42:23 is my favorite part, It feels like it's just about to explode !" (Hurricanes) 47:37 perfect 53:30... Astonishing 😲 54:18 55:48 crei que se nos iba....!! 12:24 & 53:29 @ ×0.25 01:08 - Sunquake 02:17 - Partial solar eclipse 12:24 - Venus transition 13:15 - 2012 CME (Coronal Mass Ejection) 34:13 - Hurricanes 37:50 - Cameras offline 53:29 - Solar eclipse 56:55 - Partial solar eclipse and many more https://www.youtube.com/watch?v=l3QQQu7QLoM&feature=youtu.be
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Cryptotourist
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July 02, 2020, 05:51:37 AM |
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Cite your sources that masks do not prevent the spreading of this virus.
Huh? Resources? Sure, the same ones qwizzie provided. Cite your sources that current infection rates in the EU are the same or higher as the US.
Resources you say? Why do I have to read about your P100 bullshit - multiple times, without any resources? As for the rest.... CT you are spreading not merely bullshit or horseshit, but true elephant shit.
Thanks, this is exactly what motivates me. To sync in. And yes, the government can force you to put a mask on just as the government can force you to put a pair of pants on so you don't smear shit on everything you sit on, and force you to not dig a cesspit next to the town well, and force you not to dump your trash on my property.
Now wait. You must be American. Try not to mix two different things. The former is violating other people's freedom, the mask is violating my freedom. So no. That's the whole fucking point of a government: To protect the majority of the population from the idiocy of a minority that wants to sabotage it.
Sir, yes sir! If you say so. So give it a rest.
There is nothing that would please me more. Do you think I enjoy coming here and reading all the fear mongering posts about COV? (not information dude) But yeah I'll stop. I'll stop and give it the attention it always deserved. Zero.
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Cryptotourist
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July 02, 2020, 06:00:39 AM Last edit: July 02, 2020, 06:32:57 AM by Cryptotourist |
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Fucking awesome, I don't live in Greece and won't be interacting with you so ask me if I care.
You should, I just explained that nobody here gives a fuck. Isn't that strange? You can tell him to fuck his grandmother if you like, that's on you, also tells a lot about your character.
I don't do mothers and grandmothers, but just the mere thought of it, does tell a lot about your character.
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Cryptotourist
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July 02, 2020, 06:17:32 AM |
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Are you saying we should exile people who do not wish to wear masks to places like Molokai and the like?
I could be ok with that.
No shit, could be or would be, make up your mind! I say burn them all, surely they must be guilty of witchcraft, AND not wearing a mask.
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Spaceman_Spiff_Original
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July 02, 2020, 06:32:02 AM |
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After almost 3 years on these boards, I've never really dared to take the leap to visiting this thread. I'm wondering how much time I'd need to start reading the WO from the very first post all the way to the last one. I'm also wondering if it'd deliver me inner peace or other life-changing insights.
I sense the seducing perfume of a challenge...
Start with the original thread. This is the 2nd one I believe (and we have become exceedingly efficient at it).
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Toxic2040
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July 02, 2020, 06:40:51 AM |
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the late night wall report #dyor down the rabbit hole again..we have become exceedingly good at it 1h mouth full of fish 4h #stronghands
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El duderino_
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Activity: 2562
Merit: 12414
BTC + Crossfit, living life.
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July 02, 2020, 07:48:56 AM |
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JSRAW
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Activity: 2212
Merit: 1543
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July 02, 2020, 08:02:25 AM |
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We need only $790 ish pump everyday for next 30 days, so easy peasy...
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ivomm
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All good things to those who wait
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[editet out]
Well, JJG, I will say it. I'm jealous. Jealous of you, and many other early adopters, and most of the WO brothers. Jealous in a good way. I love you all (no homo) and wish you the very best. As much as I understand the inner workings of Bitcoin (and that was the main force that drove me to it), I can't help but admitting that I could have done better. Much better. I had the fiat. Lots of fiat. A good part of which I used to buy BTC. But not when I should have. I waited, and ended up buying much less than I could have bought. Sometimes we must take risks. And not just take risks, but take them at the right time. Because if you time it wrongly, you end up risking more for less. So, hats off to you guys 'n' gals, you deserve it. It's cash. That's the beauty of it. You don't need to know who I am, I don't need to know who you are. Add to this the ability to transact over-the-air, via a channel that only needs to be able to transfer information, and you're entering Star Trek territory. You're Captain Kirk and I'm Scotty and we're thousands of miles away from each other and we're beaming up cash to each other. It's as clean and pure as it gets. And the more you understand how it all works, the more it sucks you in. It's like a beautiful woman you just can't take your eyes off of. And she wants you too. She accepts you for who you are... No, I'm not smoking leaves from the elephant garden, although it sounds like it. The second time I felt so excited about something was when I watched a BBC documentary about Fermat's Last Theorem. The next day I called BBC and asked for the transcript (there was no YouTube at the time), which they kindly sent me. Such mathematical theorems may sound boring and pointless to most of us, but they really are maps. They're mapping the universe. It's like being in a pitch-black room without a single clue of what's inside. So you start to feel the objects, forming some images in your mind, of their shapes, their function, their significance. And at some rare moments during the course of this exploration, a brilliant mind comes along and flicks a switch, which illuminates part of the room, helping you see the treasures that exist right next to you, waiting to be harnessed, to be understood. Satoshi Nakamoto helped illuminate part of that room and gave us this brilliant mathematical construct called Bitcoin. That's the way I see it anyway... As for Lambos, hookers and blow, this is something that may happen, but not just yet. Not for me. My stash's current value is far too small to be spending it on such indulgences. Their time will come, but we're (I'm) not there just yet. Regardless of where this path will lead us, though, I feel lucky and blessed to be part of this. Let the riches come when they should (fully agree with your "why not both" comment), but let that not be a target, but a consequence. I can relate to that. When I decided to go full in Sept 2017, I realized the risk that I try to catch a train at the last station from where it won't go any further. But I took the risk and don't regret about my choice. I think it is obvious that the exponential growth from below $1 to 20K$ in 8 years is not possible to be repeated in our lifetime. Back then even one buyer with several hundred bucks could drive the price up by 10%. Honestly, I find the expectations for future growth, by comparing to the previous peaks, ridiculous. Including Plan B, C or whatever. I think that in the years to come, we can realistically expect a new ATH between $40K and $50K. It is still possible to have a peak above 100K, but it would be brief. For prices in $300K-400K area we should probably wait another 4-5 years. Overall, if anyone entered like me at prices around $4-5K, in 8 years the profit would probably be like 100x, compared to > 20 000x for the same time interval 2009-2017. Of course, itt is still a very good profit to live with. The problem is that Bitcoin can do anything else with the same probability in the years to come. Nothing is guaranteed. Probably the best idea is to cash out something on the way up as an insurance of another long bear market.
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AlcoHoDL
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Addicted to HoDLing!
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July 02, 2020, 08:47:23 AM Merited by JayJuanGee (1) |
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We need only $790 ish pump everyday for next 30 days, so easy peasy... 2016 (Halving): $660 2016 (EOY): $1000 2017 (Q4): ATH 2020 (Halving): $8500 2020 (EOY): $13,000 <-- Predicted 2021 (Q4): $30,000 <-- Predicted I find the above SOMA predictions quite conservative.
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El duderino_
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Merit: 12414
BTC + Crossfit, living life.
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July 02, 2020, 09:32:22 AM |
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We need only $790 ish pump everyday for next 30 days, so easy peasy... 2016 (Halving): $660 2016 (EOY): $1000 2017 (Q4): ATH 2020 (Halving): $8500 2020 (EOY): $13,000 <-- Predicted 2021 (Q4): $30,000 <-- Predicted I find the above SOMA predictions quite conservative. Bear
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Negotiation
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July 02, 2020, 10:03:36 AM |
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Bitcoin - Volume Profile Fixed Range Analysis & SeasonalityVolume Profile Fixed Range Analysis Takeaways: 1. The previous dominant trend direction moving into the beginning of the year can help in determining the direction of that year's trend. 2. Consolidation (range) occurs at High Volume Nodes and can determine the direction of the emerging trend. 3. Price has largely Distributed throughout 2018 the Accumulation of 2016/17. 4. Price has yet to Distribute the Accumulation of 2019. This is evidenced by the violent rejection from Accumulation in 2020. 5. Price is currently in an uptrend entering an HVN . Likelihood of re-accumulation and continuation of the uptrend.
Although the prediction was made 18 hours ago, I think looking back over the past few years, it seems that Bitcoin will pump up a lot again, hitting around USD $ 22500. Source: https://www.tradingview.com/chart/BTCUSD/2g6DLkmQ-Bitcoin-Volume-Profile-Fixed-Range-Analysis-Seasonality/
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