JimboToronto
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Activity: 4172
Merit: 4816
You're never too old to think young.
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October 06, 2021, 07:04:25 PM |
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Not actually the first post. The "Explanation" link was added after everyone got fed up with people asking what it was all about. (Actually, may have been when people got concerned about ip harvesting from the external link I had before). This is actually the first available. Slightly higher price but we were in that awful bear market. There were earlier ones but they have expired from the server they were on. I've got a collection of old CBs somewhere in my old HDDs. Here are a couple I put on Imgur... the reaction to the Silk Road bust. From over $130 down to under $110 and right back up in less than 2 hours... a good lesson on hodling several months before Gamehuobi coined the word "hodl". _____ I kinda like the fact that there were no numbers at the top. They can distract people into thinking they have some kind of importance.
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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.... looks like someone/entity bought $1.6 billion on the spot market, totally destroyed the shorts artificial backwardation on the futures
... the game is truly afoot now, wheel out the dead shorts and let the bull run begin
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JayJuanGee
Legendary
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Activity: 3878
Merit: 11051
Self-Custody is a right. Say no to"Non-custodial"
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October 06, 2021, 07:16:37 PM |
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Very strange position to be in. Locked and loaded, but not wanting to pull the trigger.
Similar position. Have some expenses need to be taken care of but trying to hold out as long as possible. I would prefer homelessness over selling, but ok. Wow.. that seems a wee bit over-invested.. But, hey who am I to say the balances that guys might end up making in these somewhat trying times. Haha indeed ….. have seen those kinda person in person and they didn’t make it BTC-wise We are still early.. so even if they did not make it so far, they still might be able to get in, relatively early in the next cycle or the one thereafter.. Yeah, we know that the longer that they wait, the more difficult it is going to be for them to benefit from the "being early" aspect. New ATH in October, ladies. You heard it here first. Heard it from our resident TA expert HairyMaclairy for months tbf. Who's that? hahahaha
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JimboToronto
Legendary
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Activity: 4172
Merit: 4816
You're never too old to think young.
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October 06, 2021, 07:26:31 PM |
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OutOfMemory
Legendary
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Activity: 1708
Merit: 3407
Man who stares at charts (and stars, too...)
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October 06, 2021, 07:40:16 PM |
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Low IQ would accompany this sell attempt
This dip for ants? Ants are only causing trouble when appearing in masses Yesterday i was thinking about opening a leveraged long position until december, but i would have to pay taxes for closing it within 12 months Wait, so you wanna take an opportunity/bet and when gaining/winning money you don't have, you would be angry paying taxes So you prefer not having any at all?? Me not a trader or any..... But i mean you believe in gaining and don't wanna gain bc you have to pay some off? Oh, i'm not greedy at all. This needs more explanation: I would have to pay taxes for the closing, before EOY and additionally income taxes until Q2 the following year. My goal would be to gain more BTC, but at the current state of law, the gain would have to be calculated in fiat equivalent, so i would have to sell a part of my BTC gains right after closing the long. If i sold the tax part later, when we're maybe in a bear market again, the gains (in terms of BTC) would be a lot smaller. Hereabouts the law says a trade is taxable if the holding time is below a year. Now, if i sell BTC in advance for paying taxes, this amount will also be income-taxed, which i think can safely be called double-taxation. Make a mistake and they charge you a fine, too. It would have been a good idea to 10x at least, but on a 10% dip i'd be pretty fucked. The main goal is to preserve and grow the stash, so at my level of risk-adversity it looks like a no-go. I would probably have gone x2 or x3.
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JayJuanGee
Legendary
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Activity: 3878
Merit: 11051
Self-Custody is a right. Say no to"Non-custodial"
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October 06, 2021, 07:48:26 PM |
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Today is a good day: even if i think was scammed for the FIRST time in crypto world (well, second, but the other was a complete different story) and my stocks are plumbing, I am currently drinking expensive wine and I am richer and richer than before. Fells good being on the bitcoin train You should know better... Don't be fucking around with shitcoins!!!!! You think that the word crypto has any meaning here? Except something to be denigrated, and you want to tell us how you scammed ur lil selfie by getting involved in that crap? Observing $51444.
Next stop $54444.
52800 looks like the number to watch. Breaking above that and 60k will fall shortly thereafter A nice intermediate number is $55555. The finex 24 hour high is $55555. Stamp next. Yep.. I remember your round number being hit when I looked at my phone app.. soon after it had been hit... hahahahaha.. listed $55,555 as the daily high.. Not a bad number, for sure. Low IQ would accompany this sell attempt
This dip for ants? Ants are only causing trouble when appearing in masses Yesterday i was thinking about opening a leveraged long position until december, but i would have to pay taxes for closing it within 12 months Wait, so you wanna take an opportunity/bet and when gaining/winning money you don't have, you would be angry paying taxes So you prefer not having any at all?? Me not a trader or any..... But i mean you believe in gaining and don't wanna gain bc you have to pay some off? Oh, i'm not greedy at all. This needs more explanation: I would have to pay taxes for the closing, before EOY and additionally income taxes until Q2 the following year. My goal would be to gain more BTC, but at the current state of law, the gain would have to be calculated in fiat equivalent, so i would have to sell a part of my BTC gains right after closing the long. If i sold the tax part later, when we're maybe in a bear market again, the gains (in terms of BTC) would be a lot smaller. Hereabouts the law says a trade is taxable if the holding time is below a year. Now, if i sell BTC in advance for paying taxes, this amount will also be income-taxed, which i think can safely be called double-taxation. Make a mistake and they charge you a fine, too. It would have been a good idea to 10x at least, but on a 10% dip i'd be pretty fucked. The main goal is to preserve and grow the stash, so at my level of risk-adversity it looks like a no-go. I would probably have gone x2 or x3. Neither leverage nor short term plays are good moves, unless you have sufficient capital to cover if the market goes against you. I am all for making money.. but nothing is guaranteed, including in bitcoinlandia... so you have to account for that, too. The ONLY way that it is guaranteed if you have already bought.. like 4 years ago, or more.. then just sit back and enjoy the upsie funzies that we have been having and likely to continue to have.. stress free.. more or less, except to the extent that sometimes it can be a wee bit stressful to see how much monies u be making and how much MOAR richies you be becoming without even trying (and sometimes maybe even feeling some level of imposture syndrome.. perhaps? perhaps?).
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bitcoinPsycho
Legendary
Online
Activity: 2646
Merit: 2413
$120000 in 2024 Confirmed
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October 06, 2021, 07:50:10 PM Merited by BobLawblaw (1) |
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On the 4th December 2018 Bob sent me 0.00077868 BTC to buy a drink . It's now worth £32 THANK YOU BOB
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HI-TEC99
Legendary
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Activity: 2772
Merit: 2846
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October 06, 2021, 07:56:14 PM |
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Technical analysis is bullshit. You should rely on trading software instead.
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Wekkel
Legendary
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Activity: 3108
Merit: 1531
yes
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The best trading software is in your head:
Is this going to be bigger or smaller in 10 yrs time? Bigger of course => HODL.
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ChartBuddy
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 06, 2021, 08:01:25 PM |
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shahzadafzal
Copper Member
Legendary
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Activity: 1694
Merit: 3023
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October 06, 2021, 08:04:55 PM |
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First bitcoin, then ……? It’s Bitcoin. Full stop. If you still think any thing else? You need to rethink your life choices. There’s no second.
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AlcoHoDL
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Activity: 2534
Merit: 4673
Addicted to HoDLing!
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October 06, 2021, 08:18:22 PM |
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On the 4th December 2018 Bob sent me 0.00077868 BTC to buy a drink . It's now worth £32 THANK YOU BOB On 17th January 2020 LFC_Bitcoin sent me 0.00587 BTC (then $50) as prize money for winning his game. It's now worth $324. Thank you LFC.
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HI-TEC99
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Activity: 2772
Merit: 2846
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October 06, 2021, 08:19:17 PM Last edit: October 06, 2021, 08:29:35 PM by HI-TEC99 Merited by vapourminer (2), JayJuanGee (1) |
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The best trading software is in your head:
Is this going to be bigger or smaller in 10 yrs time? Bigger of course => HODL.
10 yrs time? Lambos. Now?
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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Tiptoeing into the world of BTC loans I discovered that the DeFi ( BiFi) version presents the opportunity for those in dollars to make over 20% return on their USDT stake. This reminds me of the early days of loaning dollars on BitFinex when the price was shooting up to $1200. The yearly earnings of staking your dollars on the exchange for people to use to long BTC were up in the 20-30% range. Meaning that even if you didn't believe in bitcoin you could get a significant return on your dollars just by lending to those that do believe. But even with such high returns I still wouldn't sell my bitcoin to put in at that rate. When I sold my house years ago (when the price was $650/BTC) I had in the back of my mind that high interest rate. So I immediately converted it all to bitcoin with the idea that I could just put that $100k+ on Bitfinex and get a cool $30k or so per year. But I never got around to it. I was worried that Bitfinex would do a Gox (which it actually did...but they paid everyone back). But with this BiFi approach the only worry would be USDT or USDC going away. I wish my family would listen to me on my advice for their funds. I told them to buy at $17/BTC. Even just parking their money and getting 20% is not a bad deal. A few bought just under $9k when I told them that the price was about to shoot up. And then it did. I gave my mom 10 BTC a while back for her birthday and she sold it when the price jumped to $1000.
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shahzadafzal
Copper Member
Legendary
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Activity: 1694
Merit: 3023
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October 06, 2021, 08:21:05 PM |
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Bitcoin Market Cap. $1,037,441,381,978
Yes that’s $1 Trillion.
I remember someone here on WO someone said bitcoin will never be $T again in Market Cap.
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bitcoinPsycho
Legendary
Online
Activity: 2646
Merit: 2413
$120000 in 2024 Confirmed
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October 06, 2021, 08:23:12 PM |
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On the 4th December 2018 Bob sent me 0.00077868 BTC to buy a drink . It's now worth £32 THANK YOU BOB On 17th January 2020 LFC_Bitcoin sent me 0.00587 BTC (then $50) as prize money for winning his game. It's now worth $324. Thank you LFC. YES!!!!
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HI-TEC99
Legendary
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Activity: 2772
Merit: 2846
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October 06, 2021, 08:24:45 PM |
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Tiptoeing into the world of BTC loans I discovered that the DeFi ( BiFi) version presents the opportunity for those in dollars to make over 20% return on their USDT stake. ... But even with such high returns I still wouldn't sell my bitcoin to put in at that rate. ... Wise move.
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fr4nkthetank
Legendary
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Activity: 2294
Merit: 1182
Now the money is free, and so the people will be
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October 06, 2021, 08:41:36 PM Merited by OutOfMemory (1) |
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speaking of returns I wrote a small piece on the latest hip trend https://bitcointalk.org/index.php?topic=5364329.0Should'of, could'of, would'of. Is bitcoin going to be dead in 10 years ? Maybe, but thats a very very very very low probability. So the math says to buy and hold. There is no other trading strategy that works. Maybe 1-2 or 3 bitcoin is more than enough honestly, people are already starting to talk in terms of sats.
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OutOfMemory
Legendary
Offline
Activity: 1708
Merit: 3407
Man who stares at charts (and stars, too...)
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October 06, 2021, 08:42:16 PM |
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Low IQ would accompany this sell attempt
This dip for ants? Ants are only causing trouble when appearing in masses Yesterday i was thinking about opening a leveraged long position until december, but i would have to pay taxes for closing it within 12 months Wait, so you wanna take an opportunity/bet and when gaining/winning money you don't have, you would be angry paying taxes So you prefer not having any at all?? Me not a trader or any..... But i mean you believe in gaining and don't wanna gain bc you have to pay some off? Oh, i'm not greedy at all. This needs more explanation: I would have to pay taxes for the closing, before EOY and additionally income taxes until Q2 the following year. My goal would be to gain more BTC, but at the current state of law, the gain would have to be calculated in fiat equivalent, so i would have to sell a part of my BTC gains right after closing the long. If i sold the tax part later, when we're maybe in a bear market again, the gains (in terms of BTC) would be a lot smaller. Hereabouts the law says a trade is taxable if the holding time is below a year. Now, if i sell BTC in advance for paying taxes, this amount will also be income-taxed, which i think can safely be called double-taxation. Make a mistake and they charge you a fine, too. It would have been a good idea to 10x at least, but on a 10% dip i'd be pretty fucked. The main goal is to preserve and grow the stash, so at my level of risk-adversity it looks like a no-go. I would probably have gone x2 or x3. Neither leverage nor short term plays are good moves, unless you have sufficient capital to cover if the market goes against you. I am all for making money.. but nothing is guaranteed, including in bitcoinlandia... so you have to account for that, too. The ONLY way that it is guaranteed if you have already bought.. like 4 years ago, or more.. then just sit back and enjoy the upsie funzies that we have been having and likely to continue to have.. stress free.. more or less, except to the extent that sometimes it can be a wee bit stressful to see how much monies u be making and how much MOAR richies you be becoming without even trying (and sometimes maybe even feeling some level of imposture syndrome.. perhaps? perhaps?). There it is, you named some other reasons why i didn't do it However, i can't imagine it to be stressfull in the mentioned situation, because i don't have to sell more than i need to (or feel comfortable with). That imposture syndrome suggestion is beyond my understanding, though.
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