Quote from: SamReomo on August 21, 2023, 10:24:23 PM

Quote from: JayJuanGee on August 21, 2023, 04:46:41 PM

Quote from: WatChe on August 21, 2023, 10:54:24 AM

Quote from: JayJuanGee on August 20, 2023, 04:04:14 PM

Quote from: WatChe on August 20, 2023, 07:46:48 AM

Quote from: El duderino_ on August 19, 2023, 03:55:29 PM

https://newsbit.nl/chatgpt-voorspelt-dit-gebeurt-er-wanneer-alle-bitcoins-gemined-zijn/

What ChatGPT says about 2140 is:

Reward for miners will be transaction fees only.
Miners need to upgrade there equipment constantly to remain in the business where competition will be much high.

"The article quote an AI source which says Bitcoin price will be from 1 Billion to 10 Billion USD by 2140."
And I just want to live by 2140 to sell my Bitcoins at that price.

Yeah, even my 0.63 BTC will bring in a pretty good sum of money, presuming that I were to be able to hang onto such quantity of cornz for another 117 years-ish.

Dont worry JayJuanGee, even if you can survive next 7 or 27 years you will get good return on your 0.6 bitcoin.

Price predicted by AI in the article in 2030 price will be 0.5 to 1 Million USD and by 2050, 1 to 5 Million USD.

Or you can leave it for your descendant who can cash it out in next 117 years.

Well, I see that even from my own rendition of bottom prices, it will take until about late 2048^** or early 2049 for 0.63 BTC to get into entry-level fuck you status, which is meant to be $2 million based on today's prices (so not accounting for how much more the dollar might decrease). .. I am not sure if it is realistic, but surely getting us into a 25 years time frame for 0.63 BTC to reach firmly into entry-level fuck you status.. even though surely some folks might consider from their own circumstances (cost of living and/or standard of living expectations) that they may well be able to get by in a kind of entry-level fuck you status at much lower values.

** By the way, I did have to update that particular chart to add in the late 2048 projections that show the time upon which 0.63 crosses over into entry-level fuck you status, since the earlier version had skipped the relevant data from 2043 until 2056... maybe I should just plug in the whole data-set - since I do seem to end up referring to that chart quite a bit and surely folks are curious about those kinds of projections regarding when their quantity of expected BTC will cross into entry-level fuck you status and similar kinds of questions in that direction.

Raw numbers:
11/28/2048

$3,139,783 Expected 200-week moving average

0.63698674 Quantity of BTC to equal $2 million at 200-week MA price

I believe that your prediction will come to fruition in 2048 or a few years later for sure, and if that happens then a Bitcoin holder would be among the richest ones of the time. I think someone who may hold more than 10 bitcoins at that time would be able to enjoy his/her life happily without any financial issues. The king of the crypto-currency will makes many investors as kings and they will enjoy the rest of their lives without any worries only because of Bitcoin. I also believe that after 25-27 years the Bitcoin will be the highest priced digital asset available and there would be no competitors of it in those times. I would dive deep into the charts, but from my internal instincts I can surely feel that Bitcoin will be very high in value after 25 years from now and only rich people of the time would be able to purchase a whole Bitcoin in those times.

Yeah, I did try to create a formula that would project the 200-week moving average out in such a way that it was gradually becoming less and less steep.. and sure it is difficult to know for sure whether the 200-week moving average will continue to move up even at the much more modest pace (as compared with my earlier perhaps overly bullish chart that is also linked in that post).

I am not really trying to be any soothsayer because I could give less than 1 ratt's ass if I am right on the specifics, and surely it would be nice to be directionally correct, but not even that is completely necessary.. yet at the same time, if many of us are attempting to figure out our current actions based on our views of what currently seems to be a possible base case scenario for the future, then we prepare for our own futures and/or potentially the futures of our heirs, to the extent that heirs matter to us and whether we believe that our contributions now might matter to such heirs.. .. and even if we are ONLY looking 25-27 years into the future, there are good odds that quite a few of us will still be alive and actually kind of considering how our own earlier preparations might have contributed to our being in the place that we end up being in 25-27 years - whether we feel that we need to maniacally rich or merely just in a kind of status in which we are comfortable and sufficiently comfortable with a kind of cushion that we are not necessarily living in poverty.. and sure with fuck you status, that is likely meant to be in a place in which we do not have to work - except upon our wishes and abilities rather than being forced into activities that we would prefer not to be doing.

Quote from: sirazimuth on Today at 02:33:23 AM

Bitcoin gone down! Ok, so there's my on topic comment, because everyone in here needs to be informed about bitcoin price via lots of twatter links and memes and comments. Amirite... no?

You are quite likely NOTrite.. in udder wurds: uNOTrite

Bitcoin's price performance hardly gives any shits about whether there are substantive or non-substantive posts in this thread and/or perhaps how other aspects of market sentiment contributes to current correction dynamics.. and will we actually correct further or not? yeah... being at the bottom of a kind of price range that had converted into a "don't wake me up zone" is not a comfortable position to be in terms of considering theextent any of us might have to consider where we are at, and sure dropping further might cause some further drops.. but who knows, I don't really claim to completely know how these pricing matters work - even though the theories do seem somewhat solid in terms of why breaking through support ends up providing some fuel for further drops.. and figuring out the support level thereby does provide incentives for the bears (bitcoin naysayers or who ever it is that is trying to get the BTC price below our current $25k-ish support - so far as low as $25,601).

Quote from: sirazimuth on Today at 02:33:23 AM

Oh ok then, on a more interesting note (in my life anyway, bitcoin kinda got boring after the 2020 pump to 69k... aka "oh bollocks! I'm not rich anymore!") in reference to my house upgrade endeavors, I finally decided after 15 years ( yes, I procrastinate) to permanently block off the ancient woodstove chimney access on outside of house by stacking all my leftover patio pavers over the opening.
Nice! Kill two birds with one stone. They are stored neatly out of way, and block that damn chimney opening. I figured any stray varmints caught inside wont last long (albeit, maybe the stink will, but I can take care of that.)
And any bats would just fly out the top of chimney..... right?.... Wrong!
I was couch potatoing in front of the big screen watching gloom and doom you tube vids, sipping martinis, (as I usually do,) and this big giant black moth flies by...
"Hey wait a minute!.... that ain't no giant moth. That's a goddamn bat!...AAAAAH!!!" I immediately thought "shitcoins!!.. gotta give it a batslap!" lol
I eventually cornered the cute little winged rat in The Breeze Grayway, opened the door and it flew the coop…hopefully not leaving the family behind.
GO BITCOIN

(edit...fixed link)

Wow.. lots of funzies going on at the sirazimuth's pad.. not that I am even suggesting that any kind of solution might be to fire up the ole chimney... .. yet surely there could be some ways to put a bit of extra cornz into it once the price goes up (if it goes up).. and having a lame project or renovating a previously poor design has not seemed to have deterred uie-pooie historically. At least from the interpretations of this here cat.... .. and singing might help too, as a kind of "temporary poor" man's attempted temporary fix.. not that your first-world's problems are likely to even close to as dire as our thread's poor could have been hero, aka exphorizon..