Quote from: JayJuanGee on Today at 05:32:56 AM

Quote from: LFC_Bitcoin on September 25, 2023, 05:05:12 PM

Have you reached 1BTC yet?

If not, what the fuck are you doing with your life?

What are you gonna tell your future kids and grandkids when they ask you why your bitcoin stash is so pathetic when you knew about it in 2023 or earlier?

You might be being too harsh LFC. I surely agree with the idea of shaming nocoiners and low coiners who had not been sufficiently aggressive, but even $100 per week would have had need to be investing since the beginning of 2020 in order to get to the accumulation of 1BTC.

And there surely are some people who are not even able to invest $100 per week, but yeah sure, if they are able to invest $100 per week and they are not, then they should be shamed.. but then another question is when did they find out about bitcoin.. early 2020 or some later point.

By the way, the $10 per week person would have had to be investing since June 2016 in order to get to 1 BTC.

Don't get me wrong, I am not trying to give anyone any kind of free pass, but the fact of the matter, is that it is getting more and more difficult to accumulate a whole BTC.. and that seems to be part of the reason that we are likely going to NOT be too elitist in terms of maybe currently having a kind of expectation that people currently (or recently) finding out about bitcoin might need to shoot for some lower level goal.. such as 21 million sats or maybe 10 million sats or maybe even 1 million sats. .but surely if they have known about bitcon for a few years, they should already be past those levels..

again depending on their monthly budget and/or how aggressive that they are able to be without screwing things up too much in terms of losing their coins.. which would be even a worse outcome for those who might end up overdoing it in such a way that they are not able to hang onto whatever coins that they are able to accumulate.. because I think that part of this bitcoin accumulation game should be creating such a strategy that you are constantly and continuing to build your BTC stash until you get to such a point that is close to your own fuck you status... and that could take 20-30 years in regular systems, even though bitcoin likely has been able to provide ways that even normies could have gotten to fuck you status in less than 10 years. .which surely is not a usual kind of investment, and bitcoin seems to continue to be a strong investment in terms of short-cutting the getting to fuck you status as long as you don't screw things up by over doing it too much.

Quote from: LFC_Bitcoin on September 25, 2023, 05:05:12 PM

@BritishHodl
..........[edited out]........
They'll want to own ONE #Bitcoin just to say "fuck you".

That's the real hunger games.

When logic drains away.

And emotion takes over.

Desire for status takes over.

Animal instinct of the wealthiest takes over.
https://x.com/britishhodl/status/1706297759928557576

Even my entry-level fuck you status chart shows that it could take until late 2043 for one 1 BTC to be enough for entry-level fuck you status... and sure, it is probably way easier to be trying to front-load your BTC investment to try to get the 1BTC earlier rather than later, but still I doubt that it is fair to presume that everyone is able to invest aggressively in order to get to 1 BTC quicker than their cashflow and expenses allow them to get there.. and surely anyone with an investment portfolio of $100k or more could end up choosing to allocate 25% to BTC investments, but it is not clear that s/he would still be able to get to 1 whole bitcoin right away or if it would necessarily be good advice to immediately reallocate his/her investment portfolio in order to get 1 BTC in there at this time.. so there are some individualistic particulars that are best to be attempting to accounting.

Quote from: WatChe on September 25, 2023, 06:07:42 PM

Quote from: LFC_Bitcoin on September 25, 2023, 05:05:12 PM

Have you reached 1BTC yet?

If not, what the fuck are you doing with your life?

What are you gonna tell your future kids and grandkids when they ask you why your bitcoin stash is so pathetic when you knew about it in 2023 or earlier?

Reasons for me not reaching to 1 BTC:

1) Bitcoin was already above 10k when I started accumulating it.

2) It's not easy for me to accumalte bitcoin as it's declared illegal in my country (Pakistan). My primary source of bitcoin accumulation is through signature campaigns here. Can't use credit card to buy bitcoin.

My pace is slow but I am still not giving up on bitcoin accumaltion.

This is a great example (even though it is sad and a bit depressing, too).

Historically, I have tended to lecture forum members about any kind of overly dependence on merely earning bitcoin rather than buying bitcoin.. because sometimes there can be ways to earn money (including fiat) that is going to allow you to buy way more bitcoin than you are able to from earning, whether we are referring to a signature campaign or other ways that you might be able to get paid for providing goods, services and/or labor...

So surely, I have sympathies for when forum members (or any other normies) have a lot of difficulties figuring out how to get BTC based on their own physical location that may well either be hostile to bitcoin or not really having ways in which you are able to find ways to purchase bitcoin... and there could be some ways that you might be able to buy some bitcoin from forum members. that is if you are able to generate some cash in other ways.. but of course, hopefully you are ongoingly trying to figure out ways that you are able to get BTC besides merely relying on signature campaigns... but surely persistence with signature campaigns could also get you over 1 BTC in less than 10 years.. maybe even less than 5 years.. .. but maybe those days are gone?

Quote from: Sophokles on September 25, 2023, 06:54:15 PM

Quote from: philipma1957 on September 25, 2023, 03:11:14 PM

Quote from: LFC_Bitcoin on September 25, 2023, 12:13:39 PM

Absolute mad man, but you gotta love it.
@saylor
MicroStrategy has acquired an additional 5,445 BTC for ~$147.3 million at an average price of $27,053 per #bitcoin . As of 9/24/23 @MicroStrategy hodls 158,245 $BTC acquired for ~$4.68 billion at an average price of $29,582 per bitcoin. $MSTR
https://t.co/GbJtUoQfXv
https://x.com/saylor/status/1706278284651077714

If it mooned to 200k he would go from 4.68 billion to over 26 billion

Do you think he will be able to cash out that much in time?

Saylor and/or MSTR is likely not going to cash out, but if he/MSTR wanted to cash out more than $26 billion at around those $200k-ish prices (or close to $32 billion in my corrected stats), he/MSTR could do that.

Sounds like you don't know nuttin, @Sophokles.

Quote from: Sophokles on September 25, 2023, 07:45:01 PM

http://

Quote from: xhomerx10 on September 25, 2023, 07:35:59 PM

Quote from: Sophokles on September 25, 2023, 06:54:15 PM

Do you think he will be able to cash out that much in time?

Saylor isn't going to cash out the bitcoin. You and Laura Shin apparently don't understand: "It's going up forever".

what is he going to do with it, then? Only watching it grow and drink beer!

You sound really lost @Sophokles.

Do you really believe that if bitcoin were to go to $200k and Saylor's/MSTR's coins go up from just under $5 billion to nearly $32 billion, then he is going to need to sell in order to reap benefits from having such cornz?

Try MOAR harder. You can do better than that. Can't you?

Quote from: Biodom on September 25, 2023, 08:06:20 PM

Quote from: JayJuanGee on September 25, 2023, 04:07:05 PM

[edited out]

Strictly speaking, to arrive at net worth (or rather net asset value for MSTR), you need to subtract 4.68 bil from your number, arriving at 26.96 bil, but what's extra few bil among WOers, lol. Btw, currently, MSTR has a negative net asset value, which did not preclude wall street from assigning multi billion $$ valuation to the company.

In fact, current MSTR valuation (at $4.615 bil) suggests that wall street is valuing btc to be at least $58,738 sometime soon (4.615bil+4.68bil=9.295bil/158245btc=~$58738/btc

Those are fair points, but it seems to me that we were talking about the value of the BTC going up from a little less than $5 billion to a little more than $32 billion... so you seem to be making a different point, at least from the one that I was making.. maybe Phil could end up agreeing with you that was what he was talking about... perhaps? I surely wasn't talking about that.

If it moons from 5 to 32

he would sell around 10

all the rest would essentially be free.

And once he pays taxes on the 10 dropping back to 6. He has 6 cash to wait for a buy the dip move.