Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 06/06/2019, 03:14:16 UTC
Quote from: LFC_Bitcoin on June 05, 2019, 10:21:49 AM
Quote from: mindrust on June 05, 2019, 10:16:40 AM
Quote from: LFC_Bitcoin on June 05, 2019, 09:00:03 AM
I’m out of sMerit but I would have sent you +5 for that post Lambie. Can somebody help me out & send him at least 1.

Thanks.

Don't worry I tipped him pretty generously. I might suck at ollecting bitcoins but I am cash rich when it comes to merits.

I don’t like it when people put themselves down about how many bitcoin’s they have. It makes me sad to be honest.

Even if you had 1BTC (and I know you have more) then there are only 21 million to ever be mined, many of which will be when we’re dead - 1BTC will be worth $150,000 or thereabouts in a few years. Where else can you get that kind of return on investment?

I think you said you have around 5BTC, that’ll be enough to buy yourself a nice house & even get a rental income from a couple of apartments. None of that would be possible (probably but I don’t know you personally) without bitcoin.

Sorry for the long bull shit post but you’re better off than most people, be happy Smiley

Yes.  Exactly!

Sure it might seem futile if mindrust is comparing himself to other WO members or even the hypothetical bitcoin holdings of other WO members (who are largely quasi-fictitional avatars), and fact of the matter remains that the acquisition of more than  5 BTC has NOT been any kind of easy task, but if mindrust remains in accumulation mode, he is going to be way the fuck ahead of any kind of representation of an average Joe Blow.   The average Joe Blow is going to continue to be scared to invest into bitcoin and to hesitate, until the price goes shooting up, which is going to cause the average Joe Blow to be buying bitcoin at various times that mindrust might be skimming off tiny bits of profits, here and there.

It's going to take a decently long passage of time before the average Joe Blow starts to become comfortable in bitcoin and to establish a strategy in which he puts even 1% of his wealth in bitcoin - of course, some average Joes are going to become enlightened and put 10% or more into bitcoin, but 5 years or more down the road, some of those folks are still going to have trouble acquiring .25 bitcoins.

So, even if mindrust has difficulties holding onto his whole BTC stash, based on his various representations about what he has been learning about bitcoin and the value to maintain part of your BTC stash no matter what, I would imagine that even with $100k plus BTC prices, mindrust is likely still going to retain at least 2BTC in his then stash.