Arriemoller
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Cлaвa Укpaїнi!
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March 14, 2021, 05:35:43 PM |
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He really gets it. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FkJPKmCP.png&t=665&c=Ta0PWiycPZgNpw) Nice White-power symbol... ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Are you new here? That's the WO sign.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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March 14, 2021, 06:02:52 PM Last edit: March 14, 2021, 06:15:59 PM by JayJuanGee |
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I am quite happy to be wrong about the price going down over the next few years.
I have no buying or selling to do for several years anyway so I am just watching with joy the higher it goes.
Looking forward to $100k for easier conversions of sats.
Surely, it is a good thing that you are happy (another word for "joy") about such an outcome that seems to have quite decent chances of playing out.. rather than your nonsensical vision of a $50k top that fucks up the cycle into 3 years rather than 4, and not that such craziness could not happen, your assertion of such a scenario seems like almost pure fantasy land given a variety of other macro and even institutional FOMO factors that you are either failing to account for or downplaying way to much in your presumption of a $50k top for this cycle. $60k has been hit. Who else is eyeing $69,420 as their next target?
Not this cat. That number is too specific and too sexy for this "elderly." I will probably set up a small limit sell at that price so that I can look back fondly at this milestone in my order book when we reach the moon.
Fair enough. vapourminer talked me into setting up two token sales at $19,667 and $20k, and I don't have any regrets about those token sales.. even though they ended up playing out as complete sales in the arena of my NOT being able to buy back lower because the BTC price did not materially and significantly drop to any such "lower" level to trigger such a buy back.. and again .. no biggie.. $60k has been hit. Who else is eyeing $69,420 as their next target?
I will probably set up a small limit sell at that price so that I can look back fondly at this milestone in my order book when we reach the moon.
nah, 75-80K, maybe even projecting to 100K or a tad below, then down to 40-50K (depending on where we peak, probably 45-50% from the top), then a final hurrah to the top of the cycle: 150-500K (I favor ~200K). A double hump, rhyming with 2013 and no "supercycle", everything as usual. Whoaza, Biodom!!!!!!!!! That's the spirit!!!!! (#nohomo)
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Elwar
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Viva Ut Vivas
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March 14, 2021, 06:15:32 PM Merited by JayJuanGee (1) |
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I am quite happy to be wrong about the price going down over the next few years.
I have no buying or selling to do for several years anyway so I am just watching with joy the higher it goes.
Looking forward to $100k for easier conversions of sats.
Surely, it is a good thing that you are happy (another word for "joy") about such an outcome that seems to have quite decent chances of playing out.. rather than your nonsensical vision of a $50k top that fucks up the cycle into 3 years rather than 4, and not that such craziness could not happen, your assertion of such a scenario seems like almost pure fantasy land given a variety of other macro and even institutional FOMO factors that you are either failing to account for or downplaying way to much in your presumption of a $50k top for this cycle. I factored in $50k as the top about 3 years ago when I put my sell order in. So I went from about 99.9% BTC to about 95% BTC at that price. When you know the bitcoin price is going to the moon and all you have is bitcoin but the price is $6-7k and you have rent due or you're borrowing someone else's car because you don't want to sell multiple bitcoins to buy your own car knowing that those bitcoins are going to be worth so much more very soon...it kinda sucks. Now I have enough for the next cycle so I'm good. I like Saylor's talk about borrowing against your bitcoins so you never have to sell. I'm going to work on that over the next couple of years to be ready for any big purchase I may want in the future. Unfortunately I'll be paying the capital gains for this year's sale. I really hate paying taxes, I've been able to avoid it by only selling under the zero tax rate per year but I think borrowing will be a good way to do it from now on.
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Arriemoller
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Cлaвa Укpaїнi!
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March 14, 2021, 06:15:33 PM |
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Nothing comes to mind No haiku inspiration I will have to pass
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eddie13
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BTC or BUST
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March 14, 2021, 06:25:39 PM |
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I am quite happy to be wrong about the price going down over the next few years.
I have no buying or selling to do for several years anyway so I am just watching with joy the higher it goes.
Looking forward to $100k for easier conversions of sats.
Surely, it is a good thing that you are happy (another word for "joy") about such an outcome that seems to have quite decent chances of playing out.. rather than your nonsensical vision of a $50k top that fucks up the cycle into 3 years rather than 4, and not that such craziness could not happen, your assertion of such a scenario seems like almost pure fantasy land given a variety of other macro and even institutional FOMO factors that you are either failing to account for or downplaying way to much in your presumption of a $50k top for this cycle. I factored in $50k as the top about 3 years ago when I put my sell order in. So I went from about 99.9% BTC to about 95% BTC at that price. When you know the bitcoin price is going to the moon and all you have is bitcoin but the price is $6-7k and you have rent due or you're borrowing someone else's car because you don't want to sell multiple bitcoins to buy your own car knowing that those bitcoins are going to be worth so much more very soon...it kinda sucks. Now I have enough for the next cycle so I'm good. I like Saylor's talk about borrowing against your bitcoins so you never have to sell. I'm going to work on that over the next couple of years to be ready for any big purchase I may want in the future. Unfortunately I'll be paying the capital gains for this year's sale. I really hate paying taxes, I've been able to avoid it by only selling under the zero tax rate per year but I think borrowing will be a good way to do it from now on. Please let me know if you figure out a good, cheap, and quite safe way of going about this..
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shahzadafzal
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March 14, 2021, 06:29:37 PM |
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Happy Pi Day guys... today is a Pi π day - 3.14Just read as of today we have calculated 31.4 trillion decimal places—31,415,926,535,897 of Pi to be exact. It was done by a Google employee (Emma Haruka) who set a world record for calculating the most digits of Pi. She and her team used 96 vCPUs with 1.4TB of RAM and spent 121.1 days. So here’s thought what if all the Bitcoin mining rigs starts calculating the value of Pi just for 10 minutes? How much can we calculate? Keeping in mind (in early 2020) the computers on the bitcoin network were calculating close to 120 exahashes per second. And for a reference “ One terahash is a trillion hashes per second, one petahash is a quadrillion hashes per second, and one exahash is one quintillion hashes per second (a one followed by 18 zeros).” ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FsDgb3aS.jpg&t=665&c=4EXO5K73pypRHA) Ref: https://cloud.google.com/blog/products/compute/calculating-31-4-trillion-digits-of-archimedes-constant-on-google-cloud/https://www.thebalance.com/how-much-power-does-the-bitcoin-network-use-391280
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d_eddie
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March 14, 2021, 06:31:15 PM |
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+1 WOsMerit (note to self) Done ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Paashaas
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March 14, 2021, 06:34:42 PM |
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Dutch elections coming up soon. Billboard from a party leader with laser eyes. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fv6pifE0.png&t=665&c=aoQzYbw2Ir5gXg)
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xhomerx10
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He really gets it. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FkJPKmCP.png&t=665&c=Ta0PWiycPZgNpw) Nice White-power symbol... ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Are you new here? That's the WO sign. Sorry I took so long to reply to the question and thanks for clarifying in my absence. I was at an outdoor party, in a group of less than 10 people, socially distancing and wearing masks while trying to eat our food before it was either blown away or frozen by the gale-force winds @ 0°C. The saddest part was watching my mom try to keep a solitary candle lit in those winds long enough for us to sing "Happy Birthday" to her before blowing it out (it was not on the cake per the covid regulations). She did not succeed and nobody was in the mood for a third attempt after rushing the song for the second attempt. As unbelievable as that sounds, you'll never guess what kind of cake mom wanted... an ice cream cake! At least we were able to take our time eating it since there was no chance of it melting until Wednesday at the earliest. I'm pretty sure the end times are near. Anyway... I should have done this in the first place: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F6devtMF.png&t=665&c=2MsLUmY3VcWKWA)
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d_eddie
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March 14, 2021, 06:38:16 PM Last edit: March 14, 2021, 06:59:32 PM by d_eddie |
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I like Saylor's talk about borrowing against your bitcoins so you never have to sell. I'm going to work on that over the next couple of years to be ready for any big purchase I may want in the future. Unfortunately I'll be paying the capital gains for this year's sale. I really hate paying taxes, I've been able to avoid it by only selling under the zero tax rate per year but I think borrowing will be a good way to do it from now on.
Please let me know if you figure out a good, cheap, and quite safe way of going about this.. +1 from the other Eddie. We need to figure out ways to use our present or forthcoming wealth. Being rich doesn't come easy, and staying rich isn't a piece of cake, either.
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sirazimuth
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born once atheist
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March 14, 2021, 06:42:10 PM Last edit: March 14, 2021, 06:58:22 PM by sirazimuth |
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Happy Pi Day guys... today is a Pi π day - 3.14
Just read as of today we have calculated 31.4 trillion decimal places—31,415,926,535,897 of Pi to be exact. It was done by a Google employee (Emma Haruka) who set a world record for calculating the most digits of Pi. She and her team used 96 vCPUs with 1.4TB of RAM and spent 121.1 days.
......
Impressive to say the least. I cant imagine a more productive use of one's time.... (sez me.... the beer pounding couch potato....)
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BitcoinBunny
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Far, Far, Far Right Thug
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March 14, 2021, 06:46:44 PM Last edit: March 14, 2021, 07:09:14 PM by BitcoinBunny Merited by El duderino_ (3), LoyceV (2) |
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Dutch elections coming up soon. Billboard from a party leader with laser eyes. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fv6pifE0.png&t=665&c=aoQzYbw2Ir5gXg) Too bad the Dutch will just vote for the brave EU lapdog again. Nothing changes, everyone complains. How many "it is only temporary folks" tax laws still exist? Mind you the negative interest rates / bank charges for keeping big bucks (€250,000 +) on saving accounts coming in in The Netherlands will only be good for BTC I reckon. Perhaps the rest of the EU will follow and do us a favour here. It is only accelerating the madness of the ECB money printing effects (as if that on its own wasn't bad enough). Maybe best not to rock the boat in that respect. I can't see BTC losing out in the direction the Dutch are taking at the moment (politically + its bank sector).
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Elwar
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Viva Ut Vivas
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March 14, 2021, 06:52:06 PM |
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I like Saylor's talk about borrowing against your bitcoins so you never have to sell. I'm going to work on that over the next couple of years to be ready for any big purchase I may want in the future. Unfortunately I'll be paying the capital gains for this year's sale. I really hate paying taxes, I've been able to avoid it by only selling under the zero tax rate per year but I think borrowing will be a good way to do it from now on.
Please let me know if you figure out a good, cheap, and quite safe way of going about this.. +1 from the other Eddie. We need to figure out ways to use our present or forthcoming wealth. Being rich doesn't come easy, and it staying rich isn't a piece of cake, either. Biodom listed some resources a few pages back. -multisnips-Biodom, it's not the first time you use the word 'bearish' to define JJG's ladder system. Why would you characterize it so?
I just do not want to criticize too much, to each their own. you would be able to borrow against btc stack, which M. Saylor keeps bringing up, but not many on WO are listening. Such loans are typically used by high net worth individuals (HNWI) against VTI, VOO, SPY, and other whole or broad market ETFs. Thank you. You got me thinking, especially about the loan thingy. I'd be glad to know more about that. Any pointers will be welcome. Fidelity: https://www.investopedia.com/fidelity-will-accept-bitcoin-collateral-for-cash-loans-5091879Basic rate is high, 4.5%, but i am sure this will go down. I would be shocked if Coinbase would not do the same soon after the IPO. Personally, i would never go above 20% LTV, maybe just 10% (in case of our typical 80% drawdown). The advantage-NO cap gains tax. In fact, maybe deductible interest (or not, hard to say) Borrowing Against securities (better rates right now): https://www.schwab.com/pledged-asset-lineLibor is 0.11%, so the best rate is 1.86%. Say, you've got, hypothetically, $10 mil of VOO. You borrow $ 3mil. Your interest (to pay) is 3000000X0.0186=$55800 yearly However, $10mil in VOO generates $152000 yearly in dividends. End result-you borrowed $3 mil to do whatever, it effectively cost you nothing (well, a decreased divvy). Yes, you would have to pay the principal at some point, but you can use divvy remainder to do that plus VOO goes up roughly 10% a year, so the loan basically pays for itself (if stock market performs). That's why rich can have a cake and eat it too, lol More: https://www.wellsfargoadvisors.com/why-wells-fargo/products-services/lending/securities-based.htmYes, best rates are for those with lots of assets. Ret accounts are NOT eligible, though. Mind you, I have done nothing of the sorts so far, but I am studying the question (after Saylor's remarks).
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OutOfMemory
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Man who stares at charts (and stars, too...)
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March 14, 2021, 06:54:24 PM |
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alright, let's go:
lately working much putting up drywall and stuff gypsum everywhere
it's almost finished observing walls now rarely bitcoin does its thing
proudhon keeps trolling bitcoin nosedive prophecies still number go up
go bitcoin, go go! come on corn, do something now! make new all time highs!
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Biodom
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March 14, 2021, 06:55:17 PM |
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So we did get up and over 60k.
I would like to think we pass
$77,777.77
soon 🔜 maybe by April 1.
Well, 7 represents "harmony" in Chinese, a combination of yin, yang and 5 elements (metal, wood, water, fire, earth). Then, number eight corresponds to a lucky number meaning to "generate wealth". So, 77777, followed by 88888, then ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I could live with that. #source-Wikipedia
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d_eddie
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I like Saylor's talk about borrowing against your bitcoins so you never have to sell. I'm going to work on that over the next couple of years to be ready for any big purchase I may want in the future. Unfortunately I'll be paying the capital gains for this year's sale. I really hate paying taxes, I've been able to avoid it by only selling under the zero tax rate per year but I think borrowing will be a good way to do it from now on.
Please let me know if you figure out a good, cheap, and quite safe way of going about this.. +1 from the other Eddie. We need to figure out ways to use our present or forthcoming wealth. Being rich doesn't come easy, and it staying rich isn't a piece of cake, either. Biodom listed some resources a few pages back. -multisnips-Biodom, it's not the first time you use the word 'bearish' to define JJG's ladder system. Why would you characterize it so?
I just do not want to criticize too much, to each their own. you would be able to borrow against btc stack, which M. Saylor keeps bringing up, but not many on WO are listening. Such loans are typically used by high net worth individuals (HNWI) against VTI, VOO, SPY, and other whole or broad market ETFs. Thank you. You got me thinking, especially about the loan thingy. I'd be glad to know more about that. Any pointers will be welcome. Fidelity: https://www.investopedia.com/fidelity-will-accept-bitcoin-collateral-for-cash-loans-5091879Basic rate is high, 4.5%, but i am sure this will go down. I would be shocked if Coinbase would not do the same soon after the IPO. Personally, i would never go above 20% LTV, maybe just 10% (in case of our typical 80% drawdown). The advantage-NO cap gains tax. In fact, maybe deductible interest (or not, hard to say) Borrowing Against securities (better rates right now): https://www.schwab.com/pledged-asset-lineLibor is 0.11%, so the best rate is 1.86%. Say, you've got, hypothetically, $10 mil of VOO. You borrow $ 3mil. Your interest (to pay) is 3000000X0.0186=$55800 yearly However, $10mil in VOO generates $152000 yearly in dividends. End result-you borrowed $3 mil to do whatever, it effectively cost you nothing (well, a decreased divvy). Yes, you would have to pay the principal at some point, but you can use divvy remainder to do that plus VOO goes up roughly 10% a year, so the loan basically pays for itself (if stock market performs). That's why rich can have a cake and eat it too, lol More: https://www.wellsfargoadvisors.com/why-wells-fargo/products-services/lending/securities-based.htmYes, best rates are for those with lots of assets. Ret accounts are NOT eligible, though. Mind you, I have done nothing of the sorts so far, but I am studying the question (after Saylor's remarks). Yes Elwar, I duly noted your previous post - and appreciated it silently while bookmarking it for future study. I'm always on the lookout for alternatives though, because not all systems are equally accessible depending on individual cases. Thanks for your informative reply! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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JayJuanGee
Legendary
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Self-Custody is a right. Say no to"Non-custodial"
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March 14, 2021, 07:18:00 PM |
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^^ Bhai you should cancel your 9k buy orders ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) We are not going there anymore ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) . You may be correct, but it is kind of good for my psychology to keep buy orders down to at least the 208-week moving average and perhaps a wee bit below that (the 208 week moving average is currently about $10k and moving up about $200-ish per week, but surely that moving UP amount is a percentage and it will likely continue to increase for a decent amount of time), and just my whole system overall to have that cushion of those orders that are quite likely to never fulfill that I can use in a variety of ways... so yeah, maybe at some point when I am adding to my sell orders above $100k.. I will also revise some of my buy orders.. perhaps, perhaps. I'd better charge that damned phone. It's going to be a long night.
Off to watch a movie (if I can).
BTW, cutting through $61k like butter.
Edit: On a serious note: to all of us HoDLers out there. Congrats on our perseverance, patience and belief in Bitcoin. It has paid off so dearly, and we all deserve it. I have a friend who has invested something like $5,000 in altcoins (nothing in BTC, because "it's too expensive"). He has traded his stash to a volume of millions, buying/selling between all those shitcoins. I've told him so many times: "Just BUY BTC and HoDL! Listen to me man, just throw it all on BTC and forget about it." He didn't listen to me. He now has some modest gains, but nowhere near what he could now have by just HoDLing BTC. He could now have more than $100k $150k. Pity, because he's a very good guy, and smart too, but it's the smart ones that get caught it seems...
Congrats again, guys ('n' gal). Our patience paid off. And we haven't ever started yet.
Thank you, Bitcoin.
Well, i can tell you that sometimes the easiest seems not the smartest thing to do. I guess your friend was smart, and to him the easiest option seemed too simple to be the smartest thing. Anyway, i don't know exactly if i'm patient, since i am hodling since 2017, and i still got this early coin, never touched it. Probably, i never will. Then i would be able to call myself patient ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I also traded, made mistakes, but i never thought that BTC could be replaced by some altcoin(s), as superior as it is. That is my source of trust in bitcoin. I hodl most of the coins for the family, may the kids and wife decide when and how to spend their (equal) share, as i can. There is a little part of it for selling tops and buying dips, to get more bitcoin for hodling, which are equally shared again. That's the idea. And the goal of a whole coin for each of us. Could take some time, though, so expect me to stick around here for longer ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) That "holding equally" seems quite strange to me in regards to the kids, but not so much in regards to the wifee...
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DaRude
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In order to dump coins one must have coins
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March 14, 2021, 07:28:29 PM Merited by JayJuanGee (1) |
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bitcoin down over $1000! is this the start of a bear market?
good thing I only bought 500 doggy coins
I got exercised on the calls I sold last week so I'm selling puts this week. Bought a few 70k calls too. I'll probably be eternally behind on this trade and never get my sold coins back but I needed to get some fiat for down payment. Kinda crazy to think I'm selling puts at the all time high but I think this could be a good week for it. We'll see how this ages.
ahh another elite trader, after hrs of trading down on BTC but up in fiat just because BTC is going up. Perhaps listen to your own advice? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Yesterday was a sad day for me. I always hodl when I should have sodl, but onetime I sodl when I should have hodl. So hodl I must.
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JayJuanGee
Legendary
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Self-Custody is a right. Say no to"Non-custodial"
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March 14, 2021, 07:35:02 PM |
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Next bitcoin price milestone... age*1000....
That's gonna fall shortly for me, albeit, for most Wo Bros, that was long since broken months* ago. ....Except Jimbo.. and that will fall shortly too, no doubt, right after mine. (*or years ago in "crypto time"...and please don't bat-slap me jay, I couldn't come up with a better term....)
You are weak, weak, in terms of your lacking in abilities to choose words. Did I mention weak? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fmemegenerator.net%2Fimg%2Finstances%2F73913711%2Fweak-are-you-train-you-must.jpg&t=665&c=qusT0xRycrEAAQ)
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nullius
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March 14, 2021, 07:42:10 PM |
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Saylor gets extra awesomeness points for inadvertently trolling the hell out of Wilhelm. LOL.
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