dragonvsandroid
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November 25, 2020, 12:14:53 PM |
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overinvested in bitcoin
It’s funny. I never hear people say, “overinvested in (dollars|euros|whatever)”. ;-)Can one be overinvested in money? Is that like allocating too much cash in your portfolio? Firing at random, for I am now something like 20 pages behind WO. ATH yet?Yes you can be, I am, see above. If the state accepted BTC for taxes, I wouldn't have this "problem". Fyi, my state doesn't. Hence "overinvested".
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aesma
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November 25, 2020, 12:27:56 PM |
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How you going to pay in BTC if the person refuses to accept BTC..? Hold a gun to their head? You cannot assume away the point that I was making by saying, "if you pay in BTC" when you have not even gotten to that point yet, can you?
Of course. However some places do take BTC, yet I've never seen one whose prices are BTC nominated, and don't move with the BTC/USD price. So in reality the prices are still un USD (other fiat).
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friends1980
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nutildah-III / NFT2021-04-01
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November 25, 2020, 12:33:39 PM |
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Thread seems pretty dead for beating on a new ATH no?
Or you all to busy crossing your fingers and rubbing your hands together?
That's what happens when people have to stare at the same price for days and days. Being close to an ATH becomes irrelevant and boredom sets in. You won't find any clearer real-life definition of luxury problems. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I've put a bottle of champagne in the fridge, will pop it as soon as ATH is crushed. (buy your stock of champagne for the next 3 years people ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) - prices are ridiculously low atm, since meetings and parties are forbidden, therefore there's a huge overstock)
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nullius
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overinvested in bitcoin
It’s funny. I never hear people say, “overinvested in (dollars|euros|whatever)”. ;-)Can one be overinvested in money? Is that like allocating too much cash in your portfolio? Yes, from a financial perspective, you can be overinvested in $, € or whatever kind of asset. It's all just about balancing/hedging a portfolio. YMMV. It is sound thinking! You avoid some deleterious illusions. Most people think of buying Bitcoin as an “investment”, and selling Bitcoin as “cashing out” into what is not perceived as an investment. Whereas I never perceived Bitcoin as an “investment”. (I would be richer if I did.) It’s just my savings. I used to keep my savings primarily in paper cash; now, I keep my savings primarily in Bitcoin. *shrug* With Bitcoin, due to its extraordinarie appreciation over time, it is somewhat easy to become "overinvested"... even if that was intended or not.
I am probably "overinvested" in Bitcoin currently... but YOLO. Again, YMMV.
* nullius is jealous: I wish that I were “overinvested” in Bitcoin! :'-('''''' If the state accepted BTC for taxes, I wouldn't have this "problem". Fyi, my state doesn't. Hence "overinvested".
Sure, understood. I could make one for the ECB and European states, too: Meanwhile, sheep are made mutton. I said “conjoined twins” for a reason. Study history, economics, and political philosophy. It is no accident that they arrived almost simultaneously—both with roots c. 1909 from earlier seeds, both signed by Wilson in 1913. They are parts of an integral system.
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vapourminer
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what is this "brake pedal" you speak of?
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November 25, 2020, 12:43:25 PM |
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but does it have the critical 1:4:9 ratio in its dimensions? ive only seen the one angle shot of it. been in the sun for a while now too looks like. the aliens were advised of its discovery long ago. at least the strange compulsions i get while looking at it gives me that impression. ps and i can now tie awesome knots
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philipma1957
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'The right to privacy matters'
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November 25, 2020, 12:52:28 PM |
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Anyone know why Max Keiser keeps saying 28k? What's special about 28k?
I listened to his show a couple weeks ago and I thought he said something about a long term trendline there. Maybe it's a fib? 25-30k would be equal to July 2019 13k from the mining profit viewpoint. When we got to 13k in July 2019 we corrected. Maybe he is getting his 28k number from this interpretation of mining profits. as a miner when we got to 13k last year I was earning too much money for the gear prices I had invested so I knew we would correct. Which is why I am not that excited about the 20k level as I feel 18-22k levels would give me the correct profit levels for the money I have invested in gear.
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_javi_
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November 25, 2020, 01:22:36 PM |
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Anyone know why Max Keiser keeps saying 28k? What's special about 28k?
I listened to his show a couple weeks ago and I thought he said something about a long term trendline there. Maybe it's a fib? 25-30k would be equal to July 2019 13k from the mining profit viewpoint. When we got to 13k in July 2019 we corrected. Maybe he is getting his 28k number from this interpretation of mining profits. as a miner when we got to 13k last year I was earning too much money for the gear prices I had invested so I knew we would correct. Which is why I am not that excited about the 20k level as I feel 18-22k levels would give me the correct profit levels for the money I have invested in gear. I cant agree with you more. That moment when you know the mining income isnt "sustainable" and then the price corrects. At this moment the profits are nice (at least, on gpu mining), but not in the bubble/unsustainable territory. Maybe eth volcano is starting to spurt its last lava.. On the other hand, some indicators are suggesting a correction is coming. 3D RSI still has some point to rise.. but i think its on the brink of turning down. I observe some decent walls at $19500 and above on stamp. Call the badger, he has some work to do!
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LFC_Bitcoin
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#1 VIP Crypto Casino
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November 25, 2020, 01:40:39 PM |
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@APompilano We are watching simple supply and demand economics play out. Bitcoiners aren’t selling their Bitcoin. The halving cut incoming supply. There is a significant increase in demand. Price has to go up to accommodate. This isn’t rocket science. https://twitter.com/apompliano/status/1331591543556345856?s=21
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bitcoinPsycho
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$120000 in 2024 Confirmed
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November 25, 2020, 01:43:43 PM |
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@APompilano We are watching simple supply and demand economics play out. Bitcoiners aren’t selling their Bitcoin. The halving cut incoming supply. There is a significant increase in demand. Price has to go up to accommodate. This isn’t rocket science. https://twitter.com/apompliano/status/1331591543556345856?s=21No its rocket science and math
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strawbs
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November 25, 2020, 01:44:51 PM |
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I think this could be, Gentlemen
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ghandi
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November 25, 2020, 01:45:03 PM |
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another push for the ATH incoming! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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ivomm
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All good things to those who wait
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November 25, 2020, 01:46:00 PM |
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Dat 600 BTC wall at stamp around 19500$ is the last hope of the bears. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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600watt
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November 25, 2020, 01:48:11 PM |
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Dat 600 BTC wall at stamp around 19500$ is the last hope of the bears. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) getting eaten! new ath in 3... 2... 1...
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P_Shep
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This is not OK.
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November 25, 2020, 01:51:14 PM |
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This is gentlemen, gentlemen.
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OutOfMemory
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November 25, 2020, 01:52:49 PM |
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Dat 600 BTC wall at stamp around 19500$ is the last hope of the bears. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) getting eaten! new ath in 3... 2... 1... This is gentlemen, gentlemen.
Made it to the party in time, phew... But what are those filthy walls, growing while being bought into? Pull-effect?
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AlcoHoDL
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November 25, 2020, 01:52:51 PM Merited by JayJuanGee (1) |
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How you going to pay in BTC if the person refuses to accept BTC..? Hold a gun to their head? You cannot assume away the point that I was making by saying, "if you pay in BTC" when you have not even gotten to that point yet, can you?
Of course. However some places do take BTC, yet I've never seen one whose prices are BTC nominated, and don't move with the BTC/USD price. So in reality the prices are still un USD (other fiat). As long as they use fiat to pay for their supplies, their BTC prices will always move with BTC/fiat. To have truly BTC-nominated prices, everyone in the supply chain has to be BTC-nominated, and, sadly, that's still a long way away... For now, fiat is a necessary evil, if you want to enjoy your riches. Sadly...
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OutOfMemory
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November 25, 2020, 01:54:10 PM |
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How you going to pay in BTC if the person refuses to accept BTC..? Hold a gun to their head? You cannot assume away the point that I was making by saying, "if you pay in BTC" when you have not even gotten to that point yet, can you?
Of course. However some places do take BTC, yet I've never seen one whose prices are BTC nominated, and don't move with the BTC/USD price. So in reality the prices are still un USD (other fiat). As long as they use fiat to pay for their supplies, their BTC prices will always move with BTC/fiat. To have truly BTC-nominated prices, everyone in the supply chain has to be BTC-nominated, and, sadly, that's still a long way away... For now, fiat is a necessary evil, if you want to enjoy your riches. Sadly... Like toilet paper ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) EDIT: It's worth shit, but everybody needs it to ... enjoy it ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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El duderino_
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BTC + Crossfit, living life.
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November 25, 2020, 01:56:37 PM |
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fragout
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November 25, 2020, 01:57:11 PM |
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Dat 600 BTC wall at stamp around 19500$ is the last hope of the bears. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) It held with about $8 million left.So not yet. not yet . BTC teases us
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OutOfMemory
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November 25, 2020, 02:01:51 PM |
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Dat 600 BTC wall at stamp around 19500$ is the last hope of the bears. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) It held with about $8 million left.So not yet. not yet . BTC teases us * OutOfMemory putting the champagne back to the fridge ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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