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savetherainforest
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October 29, 2020, 11:57:15 PM |
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US elections are about to start.
Start? More than 80 million Americans have already voted. Poor thing... He probably doesn't know how 'Murica works yet.  And... Regarding the Pool with under 13.000$ ... Well... it would have been more accurate if it asked "under 12.500$ ??" ...  ... But meh. At least 13.000$ is bullish.  |
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yefi
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Activity: 2842
Merit: 1511
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October 30, 2020, 02:04:08 AM Merited by JayJuanGee (1) |
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lol no joke. Guy is on a rampage. Almost makes me want to buy more. |
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JayJuanGee
Legendary
 Online
Activity: 3878
Merit: 11087
Self-Custody is a right. Say no to"Non-custodial"
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October 30, 2020, 02:20:23 AM
Last edit: October 30, 2020, 04:55:54 AM by JayJuanGee Merited by vapourminer (1), xhomerx10 (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. That's kind of what I have been thinking - like he is doing more than just getting a meaningful stake in BTC, and maybe I am just having difficulties relating to that level of rich - even though I can relate to the idea that none of us should want to have our wealth eroded away. Regarding disclosure, maybe he felt some kind of duty (or potential legal obligation) to error on the side of overdiscloser - even his personal hodlings - I am not sure.. of course, he did have obligations to disclose matters to shareholders, and maybe since the shares are public rather than private, anyone could end up being (or becoming) a shareholder, so his personal stake in BTC may well be relevant to that matter.. I am not sure. 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. Michael Saylor seems to be the real deal. He learned about bitcoin in a relatively short period of time, and largely he put his money where his mouth is. In his particular case, even though he has been getting a lot of attention, recently, he does not seem to be engaged in any kind of attention-whore seeking conduct, but instead there seems to be some kinds of need for disclosure that relates to his using the funds of a public company to buy bitcoin (as I attempted to address in my response in the above post to bkbirge.. Furthermore, under the confusing aspects of American Securities Exchange Commission rules, it may well be prudent (or even legally required) that his own personal BTC holdings and activities might actually have to be disclosed, too. Surely, Saylor has been going much beyond mere disclosure, and he has been going on a number of podcasts and he also has been decently active on twitter, too... Again, Saylor seems to have learned about bitcoin quickly (heard about it last year - like mid-2019 - but really started looking into it seriously around mid-March.. surely a quick-study), and he is really saying a lot of the right things, from a bitcoin maximalist position.. So getting to know Michael may well be a good thing. Surely, I am not a hero worshiper either, sirazimuth, but still Michael's case is quite interesting and seemingly quite relevant in the bitcoin space today, including the extent to which his actions and his words seem to be providing a road map for other like-minded companies (or even governments) to consider attempting to take aggressive bitcoin positions, earlier rather than later (there is only so much room on the blockchain space, as many of us longer term HODLers already appreciate that aspect of bitcoin that Saylor is tangibly demonstrating through both words and actions). lol no joke. Guy is on a rampage. Almost makes me want to buy more. Like this guy (aka yefi) says.  |
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nullius
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October 30, 2020, 03:03:37 AM
Last edit: October 30, 2020, 10:58:46 AM by nullius Merited by vapourminer (1) |
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Sorry, folks, another hit-and-run. For better or for worse, despite the allure of forum community encomia, I don’t anticipate that I will be keeping up with the legendary Wall To End Walls About Walls anytime soon.Stay above the 13 mark ! Wow, I have not been paying attention ! Go, Bitcoin...
I just had to stop by and comment on this. It echoes something that I wrote for WO a few weeks ago, but didn’t post; it is symbolic, on so very many levels... Meanwhile...
I didn’t read any accompanying article, which requires Javascript just to read (after I searched to avoid Twitter’s Javascript requirement); but the first thing that comes to mind is to me an obvious question. The sort of “obvious” question that nobody stops to think about. How the fuck would the Thought Police catch illegal “conversations over the dinner table”!?I see two major options, which are not mutually exclusive. Option A: Turn your kids into little spies and snitches.Brainwashing children to rat out their parents for political “crimes” is 100% pure, unadulterated Communism.In Nineteen Eighty-Four, Orwell fictionalized a scenario in which people were terrified of their own children. In reality, such things have actually happened in overtly Communist countries. And nowadays, in some various so-called “free”, very much democratic countries, children are being groomed (yes, groomed) to tell indoctrination camp “school” staff about everything from their parents’ political heresies to legal household gun ownership, under the rubric of “child safety” and “mental health”. Option B: Telescreens.I myself used to argue that people who have “nothing to hide” should accept taking software-controlled network cameras and microphones in their bedrooms. Then, I realized that they do just that— and they carry the same remote-eyes-and-ears-and-location-tracker at all times. Of course, that is “voluntary”—for you—for now. Today: China. Tomorrow: Your country.The app, which the Times examined, also allows police officers to flag people they believe have stopped using a smartphone, The authorities dragged Uighurs off to detention camps for having two phones or an antiquated phone, arbitrarily dumping a phone, or not having a phone at all, according to testimonials and government documents. If you don’t demand privacy now, then you will lose it altogether— forever.
Now I was going to write a long essay on the perils and frankly idiocy of carrying a surveillance device with closed source hard and software forged in the heart of the Evil Empires (commie and very commie), replete with references back to my own extensive oeuvre, some classical nudes and abstruse words, jumping down someone's throat who once said something in passing, but you'd probably scroll on by like the unmitigated savages you all are.
He looks like a nice chap. Wonder where he comes from. Originally. Ardfork or Ardgay no doubt one of those. oh I know must be Backside, Aberdeenshire. What do you mean, laddie? He is purely and simply Scottish!All Scots are equal, and he is twice as equal as any other Scot. Your question has no place in the glorious current year, when we are finally conquering the prejudices that bedevilled them old-fashioned old folks in the Dark Ages, a half-century ago. Yousaf is the son of immigrants who arrived in the UK during the 1960s: his mother came from Kenya and his father from Pakistan.
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Hueristic
Legendary
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Activity: 3976
Merit: 5421
Doomed to see the future and unable to prevent it
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October 30, 2020, 03:47:54 AM |
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Option A: Turn your kids into little spies and snitches.Brainwashing children to rat out their parents for political “crimes” is 100% pure, unadulterated Communism. DARE Scare: Turning Children Into Informants? http://www.druglibrary.org/schaffer/library/dare4.htm |
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JayJuanGee
Legendary
Online
Activity: 3878
Merit: 11087
Self-Custody is a right. Say no to"Non-custodial"
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October 30, 2020, 04:01:04 AM |
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1% of our net for us wimpy conservative thinkers (also older), a higher percentage for the bold.
hahahahaahaha I am glad that you conceded on that one.... 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%.  Even though I have been razzing OROBTC on this same question, I doubt that we can presume to know his situation or his specifics - even though he seems to have provided a certain amount of information that would cause for reasonable conclusions that he has been underinvesting in BTC - and I believe that his reasons for underinvesting are likely inadequate because he seems to be overallocating in gold and platinum or some other shiny metals. I personally recommend beginners to BTC to start out by considering an allocation of 1% to 10% into BTC - and of course those are introductory type considerations that a more experienced bitcoiner should be able to feel comfortable in increasing, once getting familiar with bitcoin basics - and studying the space for a while, which OROBTC does seem to have been studying the bitcoin space for a considerable amount of time. Another potentially relevant factor that OROBTC mentions is that he is likely more elderly... and surely I would agree that most elderly folks would not want to be entering any kind of an aggressive position in BTC if their investment time-horizon is not at least 4 years - and of course, we do have this little issue of the 4-year cycle, too, and a decent amount of likelihood that we are upon the precipice of an upward slope in the next year or two... and surely you, LFC, have already referred to that ongoing existing dynamic that would likely justify a more aggressive BTC investment stance for less than 4 years. Surely, we can badger OROBTC a bit in terms of his lack of aggressiveness, yet in the end, he seems to have already thought through his allocations and seems to have a seemingly wimpy system in place, in which he is content with such wimpiness.. not to beat a dead horse. |
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JayJuanGee
Legendary
Online
Activity: 3878
Merit: 11087
Self-Custody is a right. Say no to"Non-custodial"
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October 30, 2020, 04:19:45 AM
Last edit: October 30, 2020, 04:33:09 AM by JayJuanGee |
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There may be some sectors in the USA that are approaching 5% adoption - and maybe even higher if skewing some kind of population of college students who don't hav any money and each of those invested owns, on average, .00027168 BTC, but I would argue the mere fact that they happen to own some BTC does not mean that they have adopted BTC in any kind of meaningful way.. So the study is way the fuck overestimating where BTC is at currently, especially since a vast majority of peeps have hardly any clue what BTC is or the significance of BTC. I would say that many of the active participants of this thread are decently educated about what BTC is, but even in this thread, there are a large number of us who don't really understand BTC very well and we do not even understand the extent to which we should allocate value into BTC and are we sufficiently allocated into BTC. In other words, fuck those kinds of attempts to suggest that bitcoin is anywhere near double digits adoption - when the fact of the matter remains that bitcoin has hardly even reached 1% adoption with the population that matters, and that is world-wide population - even though there is some skewing of adoption in which some people (not just Michael Saylor) are way more allocated than the average person would ever be able to approach.. and surely right now there could be a lot of folks who could gather up resources to sufficiently allocate up to 1 BTC or some other reasonable amount like that, but BTC is not like the adoption of refrigerators in the sense that one or two refrigerators might be enough to show that you have adopted refrigerators.. In the case of bitcoin, quantity of bitcoins that might constitute "adequate" adoption is going to change with passage of price, and in 5-10 years, it will likely be proclaimed that the current average broke college student with .00027168 BTC is adequately into bitcoin (adopted), but they are also going to need to be able to hang onto those BTC too, in the next 5-10 years, which is likely another angle that shows quantity of BTC cannot be meaningfully compared to quantity of refrigerators or some other aspect of technology in which more can be produced as adoption increases. 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. Biodom said it better than me.  |
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Heater
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October 30, 2020, 04:26:57 AM |
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Option A: Turn your kids into little spies and snitches.Brainwashing children to rat out their parents for political “crimes” is 100% pure, unadulterated Communism.In Nineteen Eighty-Four, Orwell fictionalized a scenario in which people were terrified of their own children. In reality, such things have actually happened in overtly Communist countries. And nowadays, in some various so-called “free”, very much democratic countries, children are being groomed (yes, groomed) to tell indoctrination camp “school” staff about everything from their parents’ political heresies to legal household gun ownership, under the rubric of “child safety” and “mental health”. Orwell might have fictionalized it in Nineteen Eighty-Four, but the inspiration was from his very real experience of commies in the Spanish Civil War. |
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goldkingcoiner
Legendary
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Activity: 2212
Merit: 1967
A Bitcoiner chooses. A slave obeys.
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October 30, 2020, 05:08:26 AM |
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Option A: Turn your kids into little spies and snitches.Brainwashing children to rat out their parents for political “crimes” is 100% pure, unadulterated Communism.In Nineteen Eighty-Four, Orwell fictionalized a scenario in which people were terrified of their own children. In reality, such things have actually happened in overtly Communist countries. And nowadays, in some various so-called “free”, very much democratic countries, children are being groomed (yes, groomed) to tell indoctrination camp “school” staff about everything from their parents’ political heresies to legal household gun ownership, under the rubric of “child safety” and “mental health”. Orwell might have fictionalized it in Nineteen Eighty-Four, but the inspiration was from his very real experience of commies in the Spanish Civil War. You should watch the videos of Yuri Bezmenov. EX high ranking KGB spills about the methods of communism to spread. |
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BobLawblaw
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Activity: 1865
Merit: 5684
Neighborhood Shenanigans Dispenser
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October 30, 2020, 05:53:58 AM |
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Hold onto your butts.
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El duderino_
Legendary
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Activity: 2674
Merit: 13157
BTC + Crossfit, living life.
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October 30, 2020, 05:54:32 AM
Last edit: October 30, 2020, 06:10:02 AM by El duderino_ |
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Searing
Copper Member
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Merit: 1465
Clueless!
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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. I have 'friends' who have at the beginning of my 2013 Bitcoin mining....had a full scale and 'legit' in their mind...intervention..that I needed to sell out at $500 usd. Ended up in a shouting match. So they don't say much anymore. But I need little graphs like this to at least 'try' to wake them up to get some BTC dust of some kind. It may not be elegant and not exactly 'kosher' but ever once in awhile something like the above graph ...well..it 'oops' appears on my FaceBook feed. I guess by this time they still think, it will go down by 90%...but maybe not......so progress I think...but it is 'annoying' when for years with little risk and little money..it would have been nice to have them 'totter' along with me. I've lately been telling 'newbies' w/o and funds to 'attic mine' crap out of their attic and sell it in small lots on eBay..even if only $20 here an there..it adds up.. with all the free time with pandemic and just buy BTC with such for a bit of BTC dust. Indeed estate sales/rummage sales/etc and just 'flipping stuff at 2x the $$$ on eBay would be a small hobby equivalent to home mining. I know home mining is dead, but figure it would at least be interesting to do..not like I made zip home mining when I started either but it was interesting trying to do more of the same with stuff we all othewise would die with our attic's full of stuff anyway..so why not?..so far a few takers on the forum here but in my real life...nada...zilch.  So anyway, with friends family it will someday come down to this very, very, likely 'pained' conversation..that goes something like this. 'Why did you NOT 'twist my arm' and sit on me and MAKE me buy Bitcoin/Crypto back in the day?" ..end quote....they all forget that I pretty much tried to do this for years and got the same look as Aliens landing/UFOs/Fairy Dust and Unicorn's 'existing' and farting Rainbows!!! ..but anyway, I see that conversation coming.....I figure right around $15k ..if not sooner. Brad |
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yslyv
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October 30, 2020, 06:27:01 AM |
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Futures are like shit today. and it is getting worse and worse everyday. Few days left till elections. There is no pedal to stop this vehile till the elections. Popcorn mode on  |
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bitebits
Legendary
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Activity: 2255
Merit: 3604
Flippin' burgers since 1163.
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October 30, 2020, 06:43:01 AM |
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^ Of course you want your friends to be well off Searing, maybe even for a tiny selfish reason so they can join you for a beer during day time. But if you make them buy without them understanding what they have bought, their hands will be weak. And worse might even blame you when it again dips with >80%.
Many people can’t stand losing a dollar, even when the upside is $10 (‘asymmetric bet’).
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DaRude
Legendary
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Activity: 2902
Merit: 1914
In order to dump coins one must have coins
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October 30, 2020, 06:59:02 AM |
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Futures are like shit today. and it is getting worse and worse everyday. Few days left till elections. There is no pedal to stop this vehile till the elections. Popcorn mode on And corn is down  |
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bitebits
Legendary
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Activity: 2255
Merit: 3604
Flippin' burgers since 1163.
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October 30, 2020, 07:16:39 AM |
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 First signs of de-coupling behaviour spotted between BTC and stocks.
Buying from an influx of new users provides price support preventing speculators from trading the correlation downwards.
[...]
Note that stocks may continue to rise, if that's the case the notion of de-coupling is not so important. What this test shows is that if stocks crash, Bitcoin powered by its large adoption s-curve, swallowing ever more capital, will present perfectly good safe haven properties.
https://twitter.com/woonomic/status/1321840132723367937 |
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Karartma1
Legendary
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Activity: 2310
Merit: 1422
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October 30, 2020, 08:34:31 AM |
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FullNode: you have the best hat design around so far! Congrats and welcome to the club! To all the others: don't get obfuscated by short-term mini-dumps. Bitcoin is a supermassive black hole now and that can not be stopped. Try to imagine how many Saylors we will have in 1 3 6 12 months. It can't be stopped, it won't be stopped. Single bitcoins will be soon out of stock for many. Hope you have yours |
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Krubster
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October 30, 2020, 08:38:39 AM |
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btw, we're up 60% since the halving...
What happen to the post-halving crash everyone was talking about? |
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El duderino_
Legendary
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Activity: 2674
Merit: 13157
BTC + Crossfit, living life.
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October 30, 2020, 08:42:43 AM |
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First signs of de-coupling behaviour spotted between BTC and stocks.
Buying from an influx of new users provides price support preventing speculators from trading the correlation downwards.
[...]
Note that stocks may continue to rise, if that's the case the notion of de-coupling is not so important. What this test shows is that if stocks crash, Bitcoin powered by its large adoption s-curve, swallowing ever more capital, will present perfectly good safe haven properties.
https://twitter.com/woonomic/status/1321840132723367937Fully enjoy threads like these...!! Decoupling = a thing |
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icopress
Legendary
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Merit: 9043
light_warrior ... 🕯️
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October 30, 2020, 08:48:54 AM
Last edit: November 03, 2020, 06:50:14 PM by icopress |
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Poll
