bitebits
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Flippin' burgers since 1163.
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I know that many of us mere mortals have difficulties understanding how anyone could feel that they do not have enough bitcoin if they have close to 18k of them and also own overwhelming majority in a company that owns more than 38k BTC... Just have difficulties understanding how that quantity might not feel like enough. Or is it just me?
Bigger pockets, bigger goals. That’s all. He is mortal like you and me, and we have both experienced first hand you can never have enough bitcoins. Once you reach your number you start thinking about the next one shortly after. Soon at the ATH there will again only be regrets not buying more. And add some FOMO feelings to the mix. He has never been through a bear market before, not even a proper dip.
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bkbirge
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October 29, 2020, 05:31:12 PM Merited by JayJuanGee (1) |
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I know that many of us mere mortals have difficulties understanding how anyone could feel that they do not have enough bitcoin if they have close to 18k of them and also own overwhelming majority in a company that owns more than 38k BTC... Just have difficulties understanding how that quantity might not feel like enough. Or is it just me?
It's not just you. At that level it seems less about bringing freedom and securing a future than it does about collecting the world's wealth into yet another segment of the uber rich. A sort of tech version of the Cantillon Effect. I'm not saying I wouldn't do the same if I had the resources but it's kind of kicking sand in the BTC narrative of equality and opportunity for the unbanked. Just more of the same story of the rich getting richer, anyone arguing otherwise maybe isn't looking at it from the point of view of the masses. Wherever you land on that argument I'm guessing that level of accumulation isn't something most of us would make public.
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LFC_Bitcoin
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#1 VIP Crypto Casino
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October 29, 2020, 06:01:23 PM Last edit: October 29, 2020, 07:18:52 PM by LFC_Bitcoin |
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1% of our net for us wimpy conservative thinkers (also older), a higher percentage for the bold.
Bro, national fiat currencies & traditional investments/savings are going to tank hard in the short to medium term future. You need to be WAY more invested in BTC than1%.
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BitcoinGirl.Club
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Bitcoingirl 2 is downloading 💓
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October 29, 2020, 06:30:01 PM Last edit: May 14, 2023, 04:49:23 PM by BitcoinGirl.Club |
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I am having a feeling that we may have below $13k Let's hope I am wrong.
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Biodom
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October 29, 2020, 06:31:29 PM Last edit: October 29, 2020, 06:46:21 PM by Biodom |
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I know that many of us mere mortals have difficulties understanding how anyone could feel that they do not have enough bitcoin if they have close to 18k of them and also own overwhelming majority in a company that owns more than 38k BTC... Just have difficulties understanding how that quantity might not feel like enough. Or is it just me?
Bigger pockets, bigger goals. That’s all. He is mortal like you and me, and we have both experienced first hand you can never have enough bitcoins. Once you reach your number you start thinking about the next one shortly after. Soon at the ATH there will again only be regrets not buying more. And add some FOMO feelings to the mix. He has never been through a bear market before, not even a proper dip. Absolutely..in fact many rich, who are buying just now, will probably consult with Winkelvoss bros during the bear. The bros (and Palihapytia) appear to run it up and down one-two times already. Winkelevi-going from 2bil to "measly" 300mil must have hurt. Remember that "billionaire" character from "Silicon Valley" show: https://www.youtube.com/watch?v=s9Bg4UU76so"why the f-k I smoke so many cigars?"
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Stavri
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October 29, 2020, 06:48:07 PM |
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All global markets are red today. Everything is negative... US elections are about to start. France, Netherlands and Germany are entering to lockdown. Bitcoin is still looks very strong. Looks like getting power from the chaos.
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philipma1957
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'The right to privacy matters'
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October 29, 2020, 07:20:04 PM |
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Also there are large drops in difficulty due to end of rainy season in China. This puts downward pressure on price. This difficulty my gear earns 1 btc for the entire 2 weeks But with a 15% drops in diff next 2 weeks I earn 1.15btc this means as a miner I have a spare 0.15btc due to higher earnings which I can sell off. Thus downward pressure on price from miners for the next 17 days. besides the expected .15 increase in coin for a 1 btc miner there are huge fees. https://www.blockchain.com/explorer?utm_campaign=dcomnav_explorerblocks 654662 over 2.8 coins in fees 654661 over 2.5 coins in fees 654660 over 2.6 coins in fees huge amounts note ant pool made 2 of those blocks more then 5.3 coins in fees they pocket and can sell instantly thus more downward price pressure. So whales sitting on 50 million in profit and big pools getting huge fees both point to us going down in price. Also there are large drops in difficulty due to end of rainy season in China. This puts downward pressure on price. This difficulty my gear earns 1 btc for the entire 2 weeks But with a 15% drops in diff next 2 weeks I earn 1.15btc this means as a miner I have a spare 0.15btc due to higher earnings which I can sell off. Thus downward pressure on price from miners for the next 17 days. besides the expected .15 increase in coin for a 1 btc miner there are huge fees. https://www.blockchain.com/explorer?utm_campaign=dcomnav_explorerblocks 654662 over 2.8 coins in fees 654661 over 2.5 coins in fees 654660 over 2.6 coins in fees huge amounts note ant pool made 2 of those blocks more then 5.3 coins in fees they pocket and can sell instantly thus more downward price pressure. So whales sitting on 50 million in profit and big pools getting huge fees both point to us going down in price. But if miners shut down, you own a larger part of the hashrate. You therefore receive more bitcoins per slower block. Yes? Additionally fees are higher so you receive a higher miner fee per block. I don't see why this would cause downward pressure. Doesn't it level out? And when the difficulty adjusts in four days or so you even benefit from your larger share in the hashrate. Interesting, there must be an Excel sheet out there doing the math. Yes lets say these 14 days I earned 1 btc and can hodl 0.5 btc from that. Next 14 days I earn 1.15 btc So I know I have .15 btc excess This allows me to sell it and not lower my btc. hodl of .5btc. So every miner knows they can sell a bit extra and still hodl the same .5btc so .15 btc extra of every btc can be sold. as for pools that keep most if not all of the fees. antpool makes 20 blocks a day so 20 x 2 = 40 btc extra each day income for a while puts downward price pressure. this is all short term until next jump. https://diff.cryptothis.com/Latest Block: 654684 (32 minutes ago) Current Pace: 85.7778% (1501 / 1749.87 expected, 248.87 behind)Previous Difficulty: 19298087186262.61 Current Difficulty: 19997335994446.11 Next Difficulty: between 17181497331477 and 17340842618679 Next Difficulty Change: between -14.0811% and -13.2842% Previous Retarget: October 17, 2020 at 11:34 AM (+3.6234%) Next Retarget (earliest): Monday at 2:39 PM (in 4d 0h 25m 45s) Next Retarget (latest): Monday at 6:17 PM (in 4d 4h 3m 52s) Projected Epoch Length: between 16d 4h 4m 26s and 16d 7h 42m 34s we are going to do a 16 day jump not 14 just because this downward pressure is happening now does not mean fomo won't happen. So on Nov 2 this particular factor leaves us. it only lasts Thur Fri Sat Sun Mon The actual hash rate has dropped 20 to 33% since the 17th the diff is reflecting 14% of it as the drop was gradual and the diff shows the peak and the lowest and average. but today's hash rate is 97-101 eh accord to this https://bitinfocharts.com/comparison/bitcoin-hashrate.html#3m
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hv_
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Clean Code and Scale
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October 29, 2020, 07:34:26 PM |
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FullNode
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Don't Trust, Verify
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October 29, 2020, 07:45:59 PM |
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Master xhomerx10 is this image valid to make a hat? I would like to wear an authentic xhomer hat,soon Thanks in advance
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Torque
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October 29, 2020, 08:16:16 PM |
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Honestly, I hate graphs like that tell people there will be a period where it's "too late" to buy bitcoin. It never has been, nor ever will be in the future, too late to buy bitcoin. If it is ever "too late" to buy it, then it ceases to be a store of value, or even worthy of being transactional.
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explorer
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October 29, 2020, 08:30:53 PM |
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Honestly, I hate graphs like that tell people there will be a period where it's "too late" to buy bitcoin. It never has been, nor ever will be in the future, too late to buy bitcoin. If it is ever "too late" to buy it, then it ceases to be a store of value, or even worthy of being transactional. Too Late For Free Zeroes Every 4 Years. Quite possibly they will be using BTC without even knowing it by then.
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Phil_S
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We choose to go to the moon
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October 29, 2020, 08:32:12 PM |
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btw, we're up 60% since the halving...
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Biodom
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October 29, 2020, 08:47:08 PM |
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Honestly, I hate graphs like that tell people there will be a period where it's "too late" to buy bitcoin. It never has been, nor ever will be in the future, too late to buy bitcoin. If it is ever "too late" to buy it, then it ceases to be a store of value, or even worthy of being transactional. There is no way that 10% of US already owns bitcoin. I think that we are still in a low-mid single digits. However, I don't count owning a few sats on Robinhood for giggles a true ownership of bitcoin.
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xhomerx10
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October 29, 2020, 09:52:05 PM |
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Master xhomerx10 is this image valid to make a hat? I would like to wear an authentic xhomer hat,soon Thanks in advance The Bitcoin symbol? Validity guaranteed. avatar-sized I'm going to keep the hat simple so the BTC symbol stands out. Hope it fits!
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FullNode
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Don't Trust, Verify
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October 29, 2020, 10:10:19 PM |
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Master xhomerx10 is this image valid to make a hat? I would like to wear an authentic xhomer hat,soon Thanks in advance The Bitcoin symbol? Validity guaranteed. avatar-sized I'm going to keep the hat simple so the BTC symbol stands out. Hope it fits! xhomerx10 awesome, the bitcoin symbol is perfect with my username, the node has been running for 2 years without a break, I only lack a few merits and I will be able to use it Thank you very much Last merits for you
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Toxic2040
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October 29, 2020, 11:29:57 PM |
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Leave of absence, my friends. Busy with life. A few people around me were hit by this virus, but they've all recovered or are recovering.
Looking forward to more loitering here. Hopefully soon.
Go bitcoin go!
+1 WOsMerit Kinda doing the same..take care of yourself and family. --------- -snip- Validity guaranteed. I'm going to keep the hat simple so the BTC symbol stands out. Hope it fits! +1 WOsMerit Brilliant. -------- Thank you very much
+1 WOsMerit I like this pretty well. ------------ some charts #dyor 1h 4h D #stronghands
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OROBTC
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October 29, 2020, 11:33:23 PM |
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... I got my Bitpay debit card working today. The circle is now unbroken. I can buy and sell BTC/CA$H without exchanges (though had to do KYC). If I can do it, millions of other Americans can too. These services make it that much more likely that Bitcoin will see even greater numbers of users as they now can have confidence that they can "Exit" if they want. https://bitcointalk.org/index.php?topic=5285365.new#newEdited for clarity
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sirazimuth
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born once atheist
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October 29, 2020, 11:40:14 PM |
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I literally don't know what I would do if I was sitting on a $60m profit. sell 10%, use $6 mil-that's easy. Hahahaha... then you could sit back and relax to have your $6 million in cold "hard" cash and thereby be able to draw your $240k per year / $20k per month in passive income - not that you needed to withdraw $6 million in order to feel such comfort-levels, but to each his own. By the way, you could have just left the $60 million in the fund, and drew 10x my above numbers.... $2.4 million per year / $200k per month... minor details... I know that many of us mere mortals have difficulties understanding how anyone could feel that they do not have enough bitcoin if they have close to 18k of them and also own overwhelming majority in a company that owns more than 38k BTC... Just have difficulties understanding how that quantity might not feel like enough. Or is it just me? I have no clue who this Michael Saylor character is (I don't follow or care about btc whale boastings) but I find it weird that one has to publish one's bitcoin holdings on the interwebs and how much they were bought for. Is he looking for some sort following of us mere mortals praising/worshipping him like ..."oh hooray for you! you are my hero for having lots of bitcoins!" Well I'm not doing that, and I really dont give a phuck. I keep my finances private although I do admit to regrettably posting on this forum hints about it in the past. My bad.
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Syke
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October 29, 2020, 11:49:56 PM |
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US elections are about to start.
Start? More than 80 million Americans have already voted.
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