Quote from: bitcoinPsycho on Today at 08:52:19 AM

On a lighter note, what a fucking idiot!!!!?
Grin

https://cointelegraph.com/news/harvard-economist-predicted-100-bitcoin-crash-in-2018-admits-he-was-wrong
"Harvard economist Kenneth Rogoff, who once predicted Bitcoin would more likely crash to $100 before it hit $100,000, admitted that a lot has changed since his comments seven years ago, though he seemingly still hasn’t come around to Bitcoin. "

I suppose that Rogoff has been ongoingly considering that he is correct about bitcoin, so it is just a matter of time for his DOWNity thesis to play out.

Many folks with way lower intelligence had likely already knew that he was likely wrong in 2018, even though we might not have had a lot of confidence in regards to how long it might have had taken to go from $6k-ish (in 2018) to supra $100k - and surely some of us were expecting $100k in 2021, but then others might have been more open to a cycle or two, yet even those of us expecting up are not completely familiar with the various price mechanisms and/or the various down scenarios, including possible governmental interventions.

His new scenario might need to be $1k before $1 million.. .hahahahaha

And he will have to keep moving it up, so then the next one after that will be $10k before $10 million. and he will continue to be wrong.. so at a certain point, he might have to learn why bitcoin is going up rather than his likely not sufficiently understanding it, even while he believes that he sufficiently understands it.

At some point, he could end up being correct, yet he seems to be overly down-playing more likely scenarios, so even perhaps his base case scenario ends up being way more incorrect than others who have not studied as much economics as he has.

Some of us are even ongoingly skeptical of a lot of mainstream economists in regards to their being wedded to Modern Monetary Theory and Keynesian ideas about abilities to control economies through printing of money, debt and interest rates rather than attempting to adequately account for sound money principles within Austrian school of thought ideas. Sometimes it sems that soe folks are too smart for their own good, and likely each of us have discovered at some later point in life in which we realized that we had wrong ideas and we felt foolish for our having had the wrong ideas and/or the wrong framework... yet it still can be tough for any of us to give up on our framework so we frequently will try to find a way to continue to be able to use many aspects of our already existing framework when we are learning about new things.

Quote from: OutOfMemory on Today at 11:23:23 AM

Quote from: BTCETFInvestor on August 20, 2025, 11:31:21 PM

@xhomerx10 - Here was my Ham shack and antenna tower with beams from a few years ago.
► https://i.ibb.co/Nn7mWFg5/scan10002aa-sans-pixs-640.jpg
► https://i.ibb.co/BKgYd6k5/Tower-Ant-640.jpg

Dude, i just wanted to tell you that the images you posted are being used on various sites/blogs, possibly without your knowledge/permission, even violating some OpSec rules that might get you doxxed.
Just use Google's search-similar-images function to find the websites.
https://amrron.com/nets-regional-national/taprn-regional-net/
https://www.doityourself.com/forum/roofing-gutters-all-waterproofing-anywhere/643634-how-do-i-walk-my-roof-without-falling-off.html
...
Defend your rights and property!

EDIT: Additionally these photos could endanger people who used them on their website, Pinterest or Facebook page, because it might let mean people believe that these are you and plan and carry out 5$ wrench attacks... Just saying

Hahahahahaha

Maybe you are too nice?

And too subtle?

Why not just call him a plagiarizer who is just making shit up?

I wonder if anyone has reported him, yet?

Quote from: vapourminer on Today at 11:45:41 AM

Quote from: cAPSLOCK on Today at 01:10:08 AM

Storing your life's value in Bitcoin is either the smartest or the stupidest thing you could possibly do.

sometimes the smartest thing you can do is the stupidest thing you can think of. ^*

Quote from: cAPSLOCK on Today at 01:10:08 AM

... be well my friends.

and you as well
-----------------------------
^* not any sort of life, financial, medical or spiritual advice. void where prohibited

Surely, the idea sounds provocative, but there is likely a need to emphasize the "sometimes" part of the guidance, since as a base practice, on a sufficiently large number of cases, doing the "stupidest thing that you can think of" will tend to not end well, and likely at some point soon in the future result in death and/or other forms of permanent (and/or irreversible) injury.

Quote from: xhomerx10 on Today at 12:09:42 PM

Quote from: Botnake on Today at 03:34:53 AM

So Robert Kiyosaki just said he’ll double down on Bitcoin if the so-called August Curse drags it under $90k.
Bitcoin: LOL.... nope, I don’t do promo sales.
Rich Dad Poor Dad author Robert Kiyosaki says he’ll double down on Bitcoin if ‘August Curse’ sends it below $90K

Quote

“Will the ‘Bitcoin August Curse’ crash Bitcoin’s price to below $90k? I hope so,” Kiyosaki posted on X (formerly Twitter) on Monday, referring to the historical pattern of weak crypto performance during the month of August. “If the Bitcoin August Curse hits and Bitcoin crashed, I stand by to 2x my position today.”

Charlatan says what?
Maybe he plans on buying bitcoins, giving them a quick shine and some curb appeal and flipping them for a quick buck. I wonder when his new book, "Bitcoin Dad, NoCoiner Dad: HFSP" comes out? Maybe he's having trouble finding another ghost writer...

That is a subtle enough criticism.

Cheesy

Quote from: Richy_T on Today at 12:48:13 PM

Quote from: JayJuanGee on Today at 12:26:02 AM

That is Back's "official story."

Is that story believable?

I see no reason to discount it.
https://bitcointalk.org/index.php?topic=225463.msg2371674#msg2371674

I had not seen that thread. Interesting. I will read it more closely, soon.^tm

Quote from: cxtreenal on Today at 02:13:45 PM

This decline in the price of Bitcoin has disappointed me and I understand that I am not yet a good investor.
I should be more focus on accumulating Bitcoin. I also understand that it is unwise for us to always expect the upside.
Be more careful during corrections and hold on to your Bitcoin holdings with both hands.

Given your forum registration of right around a year and a half, I have a hard time imaging almost any scenario that you wouldn't still be accumulating bitcoin, unless you greatly front loaded your bitcoin investment in the $50ks and $60ks or if you might have had gotten into bitcoin prior to your forum registration date.

I suppose another possibility is that you are a trader rather than an investor who is running the risk of not accumulating enough, wrongly using leverage and/or selling too much too soon.

Ultimately, to each their own I imagine even the investors who are still in their earliest of stages (first year or two) are likely going to out perform the traders, especially if we look 2 to 3 cycles in the future, and sure if you are elderly and/or you have health concerns, then maybe it might be valid to have a bitcoin investment time line that might be less than two full cycles. Perhaps? perhaps?

Quote from: modrobert on Today at 03:55:11 PM

Quote from: cxtreenal on Today at 02:13:45 PM

This decline in the price of Bitcoin has disappointed me and I understand that I am not yet a good investor.
I should be more focus on accumulating Bitcoin. I also understand that it is unwise for us to always expect the upside.
Be more careful during corrections and hold on to your Bitcoin holdings with both hands.

Don't beat yourself too hard, your mental plan looks solid.

I used to think in terms of "hodl" and such, to prevent myself from selling BTC due to market rates, still feeling sad when it went down, then recently something snapped. When the last serious dip happened during March 2025 I can happily report that my brain was completely broken emotionally, didn't feel a thing, just went through that shit like a psycho, not even considering selling on the way down in February, for better or worse it doesn't exist in my mind anymore. The only metaphor I can think of is patients laughing in an insane asylum when they finally realize that's where they belong. Lobotomized by Bitcoin?

Bitcoin is just part of my life now, not looking at it as a commodity, it's just there regardless of rates, feels good.

I frequently consider that buying more is a better therapy than HODL, especially for guys in their earliest times of accumulation, and many times a guy might need more than a whole cycle to accumulate, unless he is able to reallocate from other investments that he might have had prior to coming into bitcoin.

But yeah at some point guys might conclude that they have enough and/or more than enough bitcoin, so HODL would many times be better then selling.. but if a guy had prematurely concluded that he has enough of more than enough BTC, then it could take a bit of time, maybe even a whole cycle before he can transition from HODL and to a point where starting to sell some might be acceptable. YMMV

Quote from: modrobert on Today at 04:25:57 PM

Quote from: BTCETFInvestor on Today at 04:11:05 PM

That's good! As long as you are convinced Bitcoin's price will be higher in the future then current price movement is merely noise that should be overlooked.

Unfortunately I'm not convinced about the price, but it doesn't matter anymore, that was my point. Granted, if long term means several years I feel convinced price will be great, not sure about short term.

A reasonable presumption is that the BTC price is generally sloping upwards, yet at the same time in the short term, even within a 4 year period, it can be all over the place, which usually is why part of the proposal is that anyone getting into bitcoin should have at minimum a 4-10 year timeline, even though a longer timeline still does not guarantee UPpity, even though many of us likely have reasonable presumptions that the odds are pretty good that our BTC price slope is going to continue to be upwards, even if there might be quite a few battles along the way contribute to its not being up in the short term or even UP in a steady kind of way. One of the challenges, as you suggested, of overly paying attention to short-to-medium term spot prices.