Quote from: JayJuanGee on Today at 05:14:21 PM

Quote from: vapourminer on Today at 02:42:20 PM

Quote from: vapourminer on Today at 02:19:05 AM

wonder what price ill wake up to. might have to break my tradition of not checking the price till after ive caught up on the WO.

well apparently i was rich when i started reading the WO this morning (5 pages behind or so) but by the time i caught up and actually checked the price im poor again. maybe rich by noon?

so just another day for the honeybadger really.

I agree that it is NOT easy being a bitcoin HODLer.

Going from rags to riches and back to rags again... and then hoping that riches will come back... at some point.. hopefully soon ^tm.

Kind of wished that when I was in that transitory "rich" status, I would have cashed some out.. and valued my wealth in fiat.....

hahahahahaha

NOT

Quote from: Wekkel on Today at 02:47:38 PM

=> at what point are HOLDlers willing to start parting with their coins?

You seem to be arguing definitionally regarding what is a "HODLer"

A true HODLer would not depart with his/her coins until... blah blah blah.

Hardly makes sense because there are all kinds of variations in the positions of peeps, including their entry points.

Of course, there are perceptions regarding whether the price is going up from any given point or if it is going to reverse.

Quote from: Wekkel on Today at 02:47:38 PM

I don't know how I could gauge that or make an educated guess on where that level would be. My gut reaction would be that $50k would make a few large holdlers nervous and that $100k can be expected to be a big 'cash out' (=redistribute) moment.

Sure there are various round numbers in which there might be some psychological hang-ups and consideration that the price might reverse.

Quote from: Wekkel on Today at 02:47:38 PM

If anyone has a better scientific approach to this, let that person step forward.

I'll refer you to BTC price prediction models of stock to flow, 4 year fractal and exponential scurve adoption based on metcalfe principles and networking effects. Tongue

Quote from: UnDerDoG81 on Today at 03:15:40 PM

Looks like no matter how hard they dump, it goes only up. When 20k is broken, all hell will broken lose.

Agree.. the battle is futile.. but does not stop it from being waged...

Sure it could take weeks or even months to play out... but still.. odds are against fighting it... but NOT going to stop the wisheners for DOWNity to have hopenium and to press their luck.

Quote from: Lambie Slayer on Today at 04:13:11 PM

Quote from: Wekkel on Today at 02:47:38 PM

Quote from: Dabs on Today at 02:16:46 PM

Don't forget what Hal Finney predicted more than ten years ago, or rather his napkin math calculation. (TLDR = $10m USD / BTC) Still, that's going to take a few more years (perhaps another decade.)

I came to $3M / BTC after a quick calculation (roughly $60 Trillion divided by 21 million) while pondering the idea of GBTC buying more BTC daily than mined daily. On the latter: if that's the case and we are truly in a new phase where there is relentless and relatively price agnostic buying on a continued basis above daily coin production, the question is simply:

=> at what point are HOLDlers willing to start parting with their coins?

I don't know how I could gauge that or make an educated guess on where that level would be. My gut reaction would be that $50k would make a few large holdlers nervous and that $100k can be expected to be a big 'cash out' (=redistribute) moment.

If anyone has a better scientific approach to this, let that person step forward.

The 100k mark will be interesting, yes Hodlers will sell some large amounts to fund 100k parties across the globe, but as much of these funds will be given to hookers and coke dealers attending the parties, we can expect said whores and dealers to want in on the action and to invest much of their earnings into Bitcoin.

You left out Lambo dealers... You fuck!!!!! Angry

When you're right, you're right. Apologies to all you Lambo dealers trawling WO daily looking for future customers. Cheesy