Quote from: Richy_T on July 12, 2025, 08:16:28 PM

Quote from: goldkingcoiner on July 12, 2025, 06:26:03 PM

Are you 100% certain the p2p issue cannot be fixed? I get the volatility has been a problem but it seems that it has decreased over time and might continue to decrease as more and more adoption happens. Fees and confirmation latency are the main issues currently as I understand it?

And whatever happened to the optimism for layer 2 solutions? Or atomic swaps between compatible blockchains? I do not mind swapping Bitcoin for Monero for all my microtransactional needs. Hell, I would even go for Litecoin. Even if that's just a work-around until we get a better solution.

Volatility is not really the issue. The unpredictability of transaction fees is, as you say. It's a shame because p2p really is the killer application for adoption and decoupling from financial markets.

I am glad that you don't merely consider bitcoin's value proposition merely to be regarding whether small transactions can take place in an economical way.

Quote from: Mihaylovic on July 12, 2025, 08:35:37 PM

Turn the page.

Surely a losing proposition when it comes to bitcoin.

In this thread, many of us know that there is a HODL component to bitcoin, and if we are going to consider selling, then first we need to get to a significant bitcoin size which can take years and years to accomplish. So the guys who have gotten ahead in bitcoin, so far, are the ones who have errored on the side of accumulating bitcoin, and perhaps to the extent that they run out of money or don't know what to do, then the HODL would come into play, otherwise back to buying regularly, persistently, consistently, ongoingly and perhaps even aggressively until we have enough or more than enough.. .. so selling (or trading) does not really play too well in these here parts...

and even worse to consider that you are going to sell in order to buy back cheaper.. That does not tend to work out too well.

You Mihaylovic have been registered on the forum since early 2017, so hopefully you have gotten enough bitcoin by now, since more than 8 years seems possible to get enough bitcoin or maybe even more than enough.. but even if you get a bunch of bitcoin, selling a bunch of them does not seem like a good move, either... so maybe, in spite of your more than 8 years of forum registration, you still have not learned what bitcoin is?

Quote from: Oshosondy on July 12, 2025, 08:43:59 PM

Quote from: Richy_T on July 12, 2025, 08:16:28 PM

He was a fair bit younger at the time but he did not understand the technology and had lots of other good investments so what he did was right for him. He won't be suffering.

10 years ago he was 84
He was 78 sixteen years ago.

Not so young at all.
Many people are resting already at that age. People in such age are harder to convince to something new.

Quote

25-34:
This age group represents the largest market segment for Bitcoin users, accounting for 38.2% of users, according to ElectroIQ.
35-44:
This group shows strong participation, with 25.5% of Bitcoin users falling within this age range.

18-24:
While younger than the previous two groups, this demographic is still a significant portion of Bitcoin users, representing 15.3%.
Older age groups:
Bitcoin adoption decreases with age, with the 45-54 group at 13.1%, 55-64 at 5.6%, and 65+ at 2.3%

Of course, age is one of the factors that affect any possible investment and whether we might be willing to add new things to our investment portfolio, to the extent that anyone has any investments besides their residential property and their 401k.

Surely there is a sound money angel to bitcoin and their is a technology angle to bitcoin, and it would seem that older folks should be more able to understand the sound money angle, but surely even young people might become concerned about money matters (including debasement of the dollar and other fiats) so they may well start to resonate with the sound money angle of bitcoin, too.

Younger people may well be new to investing, so they may well be new to exploring what assets to invest into, and older people may well would have already established their investments, even though some investors still might be at a stage in which they are willing to add new investments, or maybe they are transitioning in their investments. I will admit that prior my getting into bitcoin in late 2013 (maybe 10-15 years prior), I was not really looking for other investments, since i also had my property and my 401k and some other side investments that did not really inspire me to look into other investments, so in late 2013, i was receptive to bitcoin since I was actually looking for an investment to supplement my 401k, since I was no longer able to add to my 401k.. so bitcoin caught me at a opportune time in my transitioning in regards to my own wanting to supplement my investments (and even my then desire to hedge against the dollar which I had thought about that several times in regards to one of the purposes of gold investing).

Quote from: Biodom on Today at 12:41:53 AM

Quote from: danadc on Today at 12:05:20 AM

Good data to keep in mind:

x:https://x.com/ChartsBtc/status/1943954765567996281

If projecting the trend from the latest 10x period then it is 2518 days until 1mil, but if we project based on the cycle before 9and the fact that the days jumped almost 4X in comparison with the prior 10x period), then it is 3438 days.
In actual dates:

2518 days from today is June 1 2032 (1115->1882->2518 (2612-94))
3438 day from today is Nov 30, 2034 (352->1115->3438 (3532-94))
A bit long, but possible, I guess.

Those are some bearish and depressing time-line estimate numbers you are providing Biodom. Angry

Sure we might spend quite a bit of time in the 6 digits, but we could go up to the 7 digits and then return back down to the 6 digits, and surely there is no guarantee that we are done with the 5 digits, yet, even though we are quite likely done with the lower 5 digits and below.

We could even spend 2-3 years in 6 digits and then a few hundred days in 7 digits and then return to 6 digits for another year or so, and that still might ony amount to 1,500 days or less, similar to 3 digits and 4 digits.

I am not claiming to know the answer, even though I doubt that there is any meaningful need to end up spending more than 2,000 days in 6 digits...even though it is difficult to know from this relatively beginning point, with less than 100 days already in 6 digits (and the lowest of the low of the 6 digits at that).

I understand that there are real world consequences to how high and how fast bitcoin goes up to higher prices, and it could be that gold parity is right around the bridge between 6 digits and 7 digits, at least by the time we get to 7 digits gold might be getting there at the same time... in terms of a $20 Trillion-ish market cap.