Karartma1
Legendary
Offline
Activity: 2310
Merit: 1422
|
|
September 18, 2020, 08:13:24 AM |
|
We’re certainly having to be far more patient this time around, compared to previous bull runs. I’m not the most patient person IRL but when it comes to The Corn, I have developed over the years an unfathomably strong ability to patience-HODL.
If you can develop a similarly strength, it seems guaranteed that the rewards will be immense. It’s just a matter of time. More specifically, how long can you remain patient? That variable will determine the degree to which btc will reward you. How big a reward you need is up to you.
That was my thought for the day while out for a run and microdosing
It is being said that Shaolin monks are the strongest corn holders. When corn will reach the Himalayas, Shaolin monks will rule the world. I believe this is confirmed by math and science.
|
|
|
|
600watt
Legendary
Offline
Activity: 2338
Merit: 2106
|
|
September 18, 2020, 10:03:08 AM |
|
monetized value
value has been residing in the analog world since value existed. since the historical process of digitization started in the 20th century it was only information that got digitized. which already changed the world, changed our everyday lives and our lives as a whole. everything that got digitized transformed into something that could be utilized orders of magnitude better compared to its analog state. the velocity of digital information dwarfs anything analog. digitization today is the equivalent of industrialization of the 19th century, a true world changer.
I am not saying that digital stuff wasn't valuable or valued before 2009. software vendors had and have ways sell digital products for money, that is not the point. any transformation of value itself to the digital realm can only happen through a vehicle that possess digital scarcity and bitcoin is the only digital scarce asset known so far. with the invention of digital scarcity in 2009 it is now possible for value itself to migrate into the digital world.
monetary value is just information. no one knows today how much of the analog monetary value will end up getting digitized. how much analog information is moving around today? how much went digital?
there is trillions and trillions of analog monetary value. there are only 21 million digitally scarce bitcoin. this will be fun to watch unfold as a hodler of bitcoin.
|
|
|
|
aesma
|
|
September 18, 2020, 10:27:55 AM |
|
Very interesting. I was debating this in my local forum, and other senior members were arguing that surely Microstrategy was using a specialized company to hold and deal with their coins, I wasn't convinced, as that seemed pointless to me. I guess I won that argument. (I'm not saying they didn't hire a company that knows what it's doing, but basically that in the end Microstrategy has the keys to their coins).
|
|
|
|
proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
|
|
September 18, 2020, 10:30:27 AM |
|
Clearly, we’re at the start of another giant wave up. Since just 2011, bitcoin is up 11,000,000%. Yes, 110,000x
Now we’re on our way to $200,000 per coin. We know the disinflationary supply schedule every 4 years, so we know the cycles
It’s math, it’s science, it’s truth. https://twitter.com/RiggsBTC/status/1306430215984484352 I don't think this is true science and math because it doesn't take into account the confirmed fact that bitcoin has been in a confirmed downtrend for ~4 years because people have realized it doesn't work well. This is proven science and math. Power laws don't apply when people don't want it, which is why as time moves on the graph will look like the tulip mania graph and not like unproven power law pseudoscience.
|
|
|
|
gappie
Member
Offline
Activity: 65
Merit: 121
|
According to Saylor, the second main objection outsiders have is "what about the volatility?"How is an asset a store of value if it can have double-digit days up or down?
Saylor retorts that volatility is falling, and he's not wrong. Bitcoin was volatile in 2017 at the peak of retail mania. This year, we've seen a prolonged period of low-volatility consolidation.
Part of the reason for decreased volatility is the activity of institutions like MicroStrategy. Institutional money entering an asset class dampens volatility in both directions. Saylor states that he was "in the market for every minute" for several days, presumably using advanced trade execution services to ensure that this massive purchase of Bitcoin didn't move markets. In fact, he claims that MicroStrategy's purchase dampened volatility in Bitcoin markets instead of causing price swings. Apparently MicroStrategy was in the market for weeks buying incremental amounts on a daily basis without moving the market. We can assume that this also helped to dampen downward price movements. How do we foresee this kind of institutional demand impacting on the downward volatility in the coming months? Can we possibly expect a reduced percentage drop after the next 4-year ATH in 2022/23? The typically 80% draw down could be reduced to <50% in the next bear market? This revelation makes me reconsider how much I might be willing to sell near this cycle top.
|
|
|
|
El duderino_
Legendary
Offline
Activity: 2576
Merit: 12536
BTC + Crossfit, living life.
|
|
September 18, 2020, 11:35:51 AM Merited by LFC_Bitcoin (1) |
|
The dude is slurping on the pipe
|
|
|
|
|
Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
|
|
September 18, 2020, 01:50:55 PM |
|
Domain Registration Service NameCheap Now Accepts Bitcoin Via BTCPay.The Los Angeles-based domain registrar service Namecheap on September 17th announced that it will be supporting Bitcoin payments made through BTCPay, an open-source, self-hosted cryptocurrency payment processor focused on security, privacy, and censorship-resistance. Namecheap's decision to integrate BTCPay comes after a number of the service's customers said they preferred that payment processor over its competitor BitPay, which Namecheap has long supported. This is great news. I have used them and expressed dissatisfaction with the fact that they're using BitPay. I had to install an electrum wallet just to pay for my hosting.
|
|
|
|
El duderino_
Legendary
Offline
Activity: 2576
Merit: 12536
BTC + Crossfit, living life.
|
The dude clearly found a hidden BTC’er on his trip
|
|
|
|
cAPSLOCK
Legendary
Offline
Activity: 3752
Merit: 5142
Whimsical Pants
|
|
September 18, 2020, 02:31:21 PM |
|
Presented with no comment: On track... This weekend I think:
|
|
|
|
|
JL0
Full Member
Offline
Activity: 817
Merit: 158
Bitcoin the Digital Gold
|
|
September 18, 2020, 02:42:14 PM |
|
4 hours ago 7,493 #BTC (82,332,860 USD) transferred from unknown wallet to #Bitstamp 1 hour ago 7,492 #BTC (82,594,291 USD) transferred from #Bitstamp to unknown wallet Whale just moving his coins
|
|
|
|
fillippone
Legendary
Offline
Activity: 2226
Merit: 15990
Fully fledged Merit Cycler - Golden Feather 22-23
|
|
September 18, 2020, 02:42:22 PM |
|
The dude clearly found a hidden BTC’er on his trip I promise I am not him!
|
|
|
|
Toxic2040
Legendary
Offline
Activity: 1792
Merit: 4141
|
we shall see, not selling anything, only buying.
+1 WOsMerit There is nothing wrong with using and or selling bitcoin when you need to..that what it is for imo. That being said, I find great pleasure using it as a incredibly secure store of value. ------ +1 WOsMerit ------ Domain Registration Service NameCheap Now Accepts Bitcoin Via BTCPay.The Los Angeles-based domain registrar service Namecheap on September 17th announced that it will be supporting Bitcoin payments made through BTCPay, an open-source, self-hosted cryptocurrency payment processor focused on security, privacy, and censorship-resistance. Namecheap's decision to integrate BTCPay comes after a number of the service's customers said they preferred that payment processor over its competitor BitPay, which Namecheap has long supported. +1 WOsMerit ------ Bakkt volume made another ATH. +1 WOsMerit ------ monetized value
value has been residing in the analog world since value existed. since the historical process of digitization started in the 20th century it was only information that got digitized. which already changed the world, changed our everyday lives and our lives as a whole. everything that got digitized transformed into something that could be utilized orders of magnitude better compared to its analog state. the velocity of digital information dwarfs anything analog. digitization today is the equivalent of industrialization of the 19th century, a true world changer.
I am not saying that digital stuff wasn't valuable or valued before 2009. software vendors had and have ways sell digital products for money, that is not the point. any transformation of value itself to the digital realm can only happen through a vehicle that possess digital scarcity and bitcoin is the only digital scarce asset known so far. with the invention of digital scarcity in 2009 it is now possible for value itself to migrate into the digital world.
monetary value is just information. no one knows today how much of the analog monetary value will end up getting digitized. how much analog information is moving around today? how much went digital?
there is trillions and trillions of analog monetary value. there are only 21 million digitally scarce bitcoin. this will be fun to watch unfold as a hodler of bitcoin.
+2 WOsMerits ------ morning charts still hodling #dyor 1h 4h #stronghands
|
|
|
|
gembitz
|
|
September 18, 2020, 03:25:05 PM |
|
11K kaboom! :-D gogogooo//^$$$
|
|
|
|
AlcoHoDL
Legendary
Offline
Activity: 2436
Merit: 4381
Addicted to HoDLing!
|
|
September 18, 2020, 03:47:31 PM |
|
proudhon + gembitz = BULL!
Honfirmed!
|
|
|
|
VB1001
Legendary
Offline
Activity: 938
Merit: 2540
<<CypherPunkCat>>
|
|
September 18, 2020, 04:33:41 PM Last edit: September 18, 2020, 05:02:51 PM by VB1001 Merited by JayJuanGee (1) |
|
www.wohats.comI was always curious to know the number of hats/year of registration. (The year of registration in the forum has nothing to do with the date they decided to wear a hat)
|
|
|
|
nullius
|
[...] the confirmed fact that bitcoin has been in a confirmed downtrend for ~4 years because people have realized it doesn't work well. That comes off as incredible—actually, idiotic to people who actually use Bitcoin. Have you ever actually tried it? I don't think this is true science and math I am in Bitcoin because, in my confirmed empirical experience, the banking system “doesn’t work well”. Sending and receiving money with banks is painful. They demand piles of dox, they make you jump through hoops, transactions randomly fail because some “anti-fraud” system got tripped, they set limits (!) on how much money you can send and receive (!!)... WTF? How does anybody actually use this!? That is my experience with banks. Yes, with real, legal info—freely offering them everything short of a cavity search. If you have ever had (e.g.) a genuine transaction declined with a “please call our fraud department (and wait on hold like an obedient dog awaiting Master’s attention) ‘for your protection’ (LOL)” message, then it is your experience, too—just perhaps, you didn’t take full cognizance of it, because you are used to being abused. People’s continued submission to banks is either a global pandemic of masochism, or perhaps mass Stockholm Syndrome. The banking system is horrible. People are psychologically conditioned to accept it by the very nature of its arbitrary and perpetually shifting rules—otherwise stated, a mindfuck. If a free man from the distant past time-travelled to the present and had a pile of bank forms and “KYC” demands shoved in his face, his first response would be indignation: “Just who do you think you are to demand this of me?” Banks are degrading to their “customers”. Bitcoin works. No doxing, no asking permission, no jumping through hoops like a trained circus animal for the privilege of using your own money. Your. Own. Money. How many people even know what that means anymore? I enjoy actually using Bitcoin. Sending and receiving money is so easy! With the push of a button, I transact with anybody, anywhere in the world! Wheeee! It’s so simple and downright fun that sometimes, I spam testnet/regtest transactions to myself for sheer pleasure. This is proven science and math. Go, Bitcoin, go!
|
|
|
|
cAPSLOCK
Legendary
Offline
Activity: 3752
Merit: 5142
Whimsical Pants
|
|
September 18, 2020, 04:51:53 PM |
|
|
|
|
|
Torque
Legendary
Offline
Activity: 3626
Merit: 5139
|
|
September 18, 2020, 05:45:37 PM Last edit: September 18, 2020, 06:02:20 PM by Torque Merited by vapourminer (1), Biodom (1) |
|
TBH, I'm not sure why the Bitcoin community is high-fiving each other over this revelation. I mean sure, it's exciting that a corporation has figured out how to take a large long position in BTC without rocking the boat. I'm sure that other corporations will begin to follow suit in the coming 3-6 months or within the year. The more institutional corporate hodlers, the better. This is overall good news. But look, if the straight-laced corps with good intentions have figured out how do this, then so can the nefarious Wall Street whale traders as well as other country's seedy deep pocket whale traders (China, Russia, Germany, England, etc). These guys have hundreds of millions $$$, if not billions $$$, at their disposal too. And the difference is that they don't have to make any public announcements, or get their respective legal teams and corp shareholders involved to fight through a bunch of red tape and months of wrangling before they do it. They can and will take up such positions covertly. These types will be the first to dump all their btc at the top of the next bubble, for sure. This is not so great news.
|
|
|
|
|