Quote from: YourMother on Today at 01:07:25 PM

This is our time

Our time to watch the institutional investors stampeding over each other for the last BTC spread across hundreds of exchanges. Microstrategy and Tesla have started this snowball where every fund or corporation is now shaking in their boots, thinking: What if our competitors are buying BTC ? They will start with a conservative 10% treasury allocation and once they'll fully understand blockchain, they will start fomo-ing in larger percentages.

This is what we've been expecting since the early 2010's. We fucking did it!

Good point.. you fucking used-to-be bear troll. #nohomo

Cheesy

Quote from: vapourminer on Today at 01:07:56 PM

Quote from: AlcoHoDL on Today at 01:00:36 PM

Quote from: vapourminer on Today at 12:43:25 PM

when i worked back around 2011 on i told people at work about bitcoin. there were some smart people most with multiple degrees in their fields. also told the tech support guys whom i really thought would understand it. but everyone of them except one pretty much politely blew it off. that one person? one of the billers (the youngest one), who instantly knew there was something interesting there. i gave her a paper wallet with like 5 bucks or something.

[...]

2011... $5 worth of corn... Where is that goddess now? I'd like to sit next to her in her throne!

i gave her some homework (how to find and check the official hashes of downloaded files, check pgp sigs and such) along with the wallet and she was a pretty smart cookie, so hopefully not working there (or anywhere else) any more, and just enjoying the ride.

Whoaza!!!!!!

Just imagining how much MOAR smartie-pants peeps needed to be back in the good ole days that were MOAR oldie than when I got in to BTC, in 2013.

My first purchases and fucking around with bitcoin were on: 1) local bitcoins, 2) blockchain.com wallet, 3) Coinbase, 4) BTC-e, 5) later Circle, 6) and surely there were some others that were added with more and more passage of time and my various increases in my bitcoin exposures, but really I cannot remember too many of my earlier days to have been very technical in nature..

It does seem that I have learned a few "technical" matters along the way, but my technical skill levels still seem to remain, relatively speaking, quite a bit not very technical, even though sometimes I appreciate that learning some more technical aspects in relation to bitcoin would have been helpful in the past, could be helpful now and is likely to continue to be helpful, even though more and more with the passage of time, there are becoming greater and greater abilities to interact with bitcoin, gain exposure and even hold your own keys without having very many technical skills (however those "technical skills" are defined).

Quote from: philipma1957 on Today at 01:24:49 PM

Quote from: YourMother on Today at 01:07:25 PM

This is our time

Our time to watch the institutional investors stampeding over each other for the last BTC spread across hundreds of exchanges. Microstrategy and Tesla have started this snowball where every fund or corporation is now shaking in their boots, thinking: What if our competitors are buying BTC ? They will start with a conservative 10% treasury allocation and once they'll fully understand blockchain, they will start fomo-ing in larger percentages.

This is what we've been expecting since the early 2010's. We fucking did it!

no not yet but close.

once we crest over 100k and simply stay there with sideways and slowing upwards trends we will be there.

Even if I give your mother a rough time, it seems to me that he is largely correct with an assessment that "we have already made it."

Yeah, there are ways to continue to proclaim that some additional mile markers need to be reached and/or surpassed.. but even though nothing is guaranteed, especially in bitcoinlandia, there is a certain kind of sense that the odds of x, y or z... are really high in favor of richie status.. .... so whatever, even though I hate really suggesting that some of these matters are "inevitable" but golly gee whiz, not very easy to find better places to put some money.. and not even suggesting to increase allocations.. because even small stakes in bitcoin is likely to end up being quite rewarding and surely more meaningful stakes might be the more prudent way forward, even with folks who are having trouble getting or maintaining a "pot to piss in" (meaning that theys don't gots much).

Quote from: philipma1957 on Today at 01:24:49 PM

The 2001 to 2008 DowJones was all bull a 7 year run. I have zero idea how long this bull run will be but maybe just maybe we can see a real long run here 2+ years so sideways and slowly upwards would mean a maturing of the market.

Have you ever heard of dee 1) stock-to-flow model or the four-year fractal? Why the fuck reinvent the wheel when we already have some pretty decent ideas of timelines, and yeah, I am not even saying that we might not burst a bit outside of those models, but golly-gee-whiz, until we get some kind of better model, it seems that we should not be making up some new shit when we already have some decent timeline frameworks for what might happen and when it might happen.... Yeah, we have the exponential s-curve adoption based on metcalfe principles and networking effects too, but that 3rd model does not really need to be emphasized in this context because the stock to flow and the 4-year fractal already give ideas of timing that are not even contrary to the exponential s-curve adoption aspect.

Quote from: philipma1957 on Today at 01:24:49 PM

I can still see 7-11 trillion as the longterm goal as BTC becomes the new gold.

Haven't many of us already logically and evidentiarily established that it is quite likely that BTC is way the fuck more valuable than gold - so who the fuck cares about gold's market cap beyond the fact that it is a place that bitcoin is going and then going to surpass.. .so it is just a kind of stop or a passing through place along the way.. nothing to really target as a meaningful stopping point, even though it is quite possible that bitcoin might consolidate there or find resistance there or find support there or whatever...

Quote from: philipma1957 on Today at 01:24:49 PM

And space mined gold is simply a far more common useful metal.

Not sure about what this here last point has to do anything with the price of tea in China? Tongue