Quote from: philipma1957 on August 18, 2025, 02:19:13 PM

My wife has a totally "safe" tsp which gets around 4% so it loses a bit each year.
Orange man will allow a BTC fund. To fed workers or retirees.

So Pretend my wife has 300k getting 4%=12,000 I have convinced her to take 25% of the interest earned ie 3,000 so she can have $$$ in BTC
This is a big deal as the federal tsp and/or 401k equivalent has trillions in it.

This should help support BTC price bigly.
IT ALSO should allow for a large dip buy if BTC drops enough.

Do not worry about these numbers 115k there are tons of funds waiting to go into btc.

I would like to know your source asserting that the government will allow (or promote) bitcoin (or crypto) to go into TSPs.

Trump had said something about 401k being allowed to do so, yet i have not seen that going into the TSPs. Private sector 401ks tend to have more investment options, so it will be interesting to see which ones start to include bitcoin and/or crypto first... now that they have permission, and I would imagine the Fed Government TSPs would not be at the front of the line since the government TSPs hardly have any flexibility right now... they only have 5 kinds of funds and they are very index fund oriented.. not a whole hell of a lot of variety..

Quote from: vapourminer on August 18, 2025, 03:04:35 PM

"Consequences, schmonsequences, as long as I’m rich."

What is disturbing you?

Something happened?

Right now we are smack dab in the middle of a $100k to $130k range. We are probably breaking to the high side prior to breaking to the low side? That's my guess.

Quote from: Mahiyammahi on August 18, 2025, 03:32:12 PM

Quote from: JayJuanGee on August 18, 2025, 04:50:45 AM

What kind of odds are you thinking that $100k to $103k might be touched upon? 80% or greater? And, did you say that there was a reason for the dump? or just part of a "waves" theory?

My odds are here greater than 70% , yeah the waves theory. We should expect the dump. Since market was recovering and money was also shifting it's gear , we saw a massive volume and money sure into ETH , other than Bitcoin. So if we were to expect a green market a correction should be made here. Although if BTC recovers $120k my theory will be invalid . We all know this year market was so uncertain and uncertainty can happens. Day trader's rn looking for a correction on BTC.

You are making something close to a bettable proposition if you think that the odds of $103k before $120k is 70% or greater. I would take the other side or that bet, and the proposition would be which one first? $103k or $120k, and if I were betting 0.0003 BTC, then you would have to bet 0.0007 BTC to line up with your odds. You are saying $103k first and I am saying $120k first.

Quote from: Cointikka on August 18, 2025, 06:13:58 PM

Quote from: philipma1957 on August 18, 2025, 04:20:09 PM

My odds are here greater than 70% , yeah the waves theory. We should expect the dump. Since market was recovering and money was also shifting it's gear , we saw a massive volume and money sure into ETH , other than Bitcoin. So if we were to expect a green market a correction should be made here. Although if BTC recovers $120k my theory will be invalid . We all know this year market was so uncertain and uncertainty can happens. Day trader's rn looking for a correction on BTC.

I have been following the price of Bitcoin for over a decade, and it now feels like it is a lot more influenced by geopolitical events. Above all, whenever the Bitcoin price goes up, surely, it will surely get dumped. I agree on that point of yours, but I still believe there will be a big correction, and it will happen before Israel and the US attacks on Iran, or maybe after the attack. The thing is that the attack should happen next month. I am assuming if Bitcoin price continues to go down, then it is a sign that those corporations are now selling it to fund the next war.

The price of Bitcoin is so synchronized with geopolitical events because of the US President. It is evident that due to failed talks between the US and Russia, the market went into the red. When it was announced that these two leaders were going to meet, the market was in green. I do not like the President of the US, but I should say that because of him Bitcoin price did go beyond 100K. I would also like to state that because of him, it is possibe we might see a big dump in Bitcoin price.

Are you predicting $100k before $130k? or do you have something else in mind? And what are the odds you are giving? 70% or some other number?

Quote from: WatChe on August 18, 2025, 06:16:54 PM

Quote from: JayJuanGee on August 17, 2025, 07:47:58 PM

I am not much of a fan for selling in order to buy back cheaper.. but yeah, if you have been accumulating for a while you might be able to figure out some of the potential beneficial price points for accomplishing that.

Can't agree more. I don't think it's right mind set that Bitcoin price will keep following a cycle that we buy it at DIP, sell it when high and it will keep repeating.

If the price is trending upwards, then sometimes there will not be large drops, yet when we are in bear season, we tend to get a lot of drops in the BTC price.

Quote from: WatChe on August 18, 2025, 06:16:54 PM

Quote from: JayJuanGee on August 17, 2025, 07:47:58 PM

One of the best ways to assume that you are continuing to accumulate more bitcoin is by continuing to buy... and yeah some guys might take a moderate approach by holding back on their bitcoin buys when the price is seeming frothy.. and it can be really difficult to say what is good for any particular guy.

It's good to buy more when price is down compared to when it's up.

How are you going to know if it is down versus up? Are you suggesting to strategize to try to buy when the price is down? And if so, then how much of a dip do you need to buy? Why not just buy regularly, especially if you are still in your BTC accumulation phase? because at any given time, we cannot know if the BTC price is going to dip or not.

Quote from: WatChe on August 18, 2025, 06:16:54 PM

Quote from: JayJuanGee on August 17, 2025, 07:47:58 PM

Even you, you have been registered on the forum since January 2020, so you have had opportunities to accumulate decent amounts of BTC, yet at the same time, you have asserted that you have sold bitcoin from time to time during that time, which surely seems problematic from my point of view... even though several times you have defended your position, even though you admit that you are still in accumulation phase. In the end, you are choosing and you are living with the consequences of your choices.

We have discussion on that issue previously. I am happy that I have Bitcoin and it has helped me in many ways, to improve my living standard.

Great. It still seems to me that if a guy is accumulating bitcoin then he can still buy things with cash, yet without selling any of us bitcoin, since if you sell some of your bitcoin, then you are selling with one hand and buying back with the other, and so it would have had likely been better to not sell and to just buy whatever you need with your cash, so your life still improves, but you stay focused on accumulating bitcoin. .. yet there may be nothing that I could tell you since you are convinced that your selling bitcoin to buy a car, even though you continue to accumulate BTC was better for your situation... and you are the ultimate judge of those kinds of matters. I don't have enough information to really rebutt anything that you are claiming.

The story would go something like this. I was accumulating bitcoin at this pace during this time, and then I spotted a car that I liked, so I bought it and then I continued to invest in bitcoin, and since the price went (down or up ), then I was able to buy back the bitcoin that i had sold over the next x weeks. I would not have had otherwise been able to buy the car since I paid cash for it.

Quote from: OgNasty on Today at 01:14:49 AM

Google searches for crypto are at a 4-year high. This is the sort of thing you see right before a blast off. It seems like the normies are doing their research, perhaps lured by the promise of altseason. Surely these are future Bitcoiners in the making. Hopefully we see this translate to buying soon.

I wonder how crypto relates to this thread?

Quote from: Gachapin on Today at 01:52:02 AM

Happy Birthday Bitcoin!!

You are now 17 years old and brought everybody who believed in you so much freedom and joy! Thanks for being here!

Also thanks to the WO people who stood up for you even in your weakest of times...

edit:
it's actually not 18th of August everywhere in the world anymore...

What happened on August 18 17 years ago (that would be 2008) that relates to bitcoin?

I thought that the first thing that anyone publicly knew about bitcoin was October 31, 2008 when the Bitcoin white paper was released?