Quote from: cAPSLOCK on Today at 03:51:09 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.

It is the ultimate marshmallow challenge. Many of us have lowered our time preference so much we are just not going to let go of much even when it does go up quite a bit.

For me personally the formula revolves around comfortable retirement and a little diversification into property. I just don't want to spend much money on stupid shit, or even living large. And I am acutely aware that the longer I wait the more I will be left with in the end.

That is where the real crux is, in my opinion. Where that point is for each whale/minnow.

How much do hodlers hold? how much will they redistribute? In 2013 Plans to bank/fund/invest $xx000000 seemed prudent. Now, every day going forward reduces the $assets I want to hold: A very modest fund for living expenses, and whatever hard assets (personal real estate, working farms, profitable businesses etc) I want while exchange rate is favorable. The world we live in is changing faster than most can see or grasp. Hodling more, longer, is going to be more popular as we go, IMO.

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Quote from: Torque on Today at 05:43:53 PM

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

t is the ultimate marshmallow challenge. Many of us have lowered our time preference so much we are just not going to let go of much even when it does go up quite a bit.

For me personally the formula revolves around comfortable retirement and a little diversification into property. I just don't want to spend much money on stupid shit, or even living large. And I am acutely aware that the longer I wait the more I will be left with in the end.

That is where the real crux is, in my opinion. Where that point is for each whale/minnow.

You sir, are very wise.

Anyone not following a similar recommendation/approach is going to end up with massive regrets before they die.

I see so many here joking about blowing their bitcoin "winnings" on fancy cars, frivolous shit and such, and inwardly I know some of them aren't really joking.

What you don't know, is what they hold. What some consider a life changing amount is mere dust to others. Talk is cheap.

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Quote from: cAPSLOCK on Today at 09:29:40 PM

It was just about this point in the last cycle that we were hoping to breech 1k again. Just 4 years ago. Actually less.

Later in the last cycle 1k CANDLES we a thing.

In this cycle we are looking to breech 20k this time.

Can you imagine 20k candles?

YES.

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Thanks, gembitz, I haven't seen the dancing banana.gif for a while Cheesy