Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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one of the benefits of making a few bucks but not millions is I do not worry much about 5 dollar wrench attacks.Yeah.. I love losing money and/or not making any money so that I don't have to pay taxes and/or to suffer all the difficulties of dealing with hookers, lambos and blow.
Not to glorify trading, but there are likely ways to learn too, as long as we do not get too greedy, and personally I could not justify more than 10% of my BTC holdings being employed in such direction, yet there are likely some guys (based on their skill set) who might be able to reasonably justify 30% or more of the size of their BTC holdings getting deployed in such trading/hedging plays.
pit pat piffy wing wong wang
Are you saying that you agree or no?
OTOH, I'm still selling the rip and buying the dip. Like clockwork.
I thought that I pretty much said that I preferred to suggest no more than 10% of the size of our BTC holdings being allowed for trading and/or shitcoins, and that would be for those who could not risk the temptation of trading/gambling.
Since in recent times there had been some guys claiming to be able to trade higher portions of their bitcoin holdings, I was willing to go along with some compromise, even though I personally don't recommend such.
By the way jbreher, recently I had mentioned you as a guy who seemed to be having difficulties with unit bias, so hopefully you have recently gotten over gifting bitcoin in 1 coin increments. Any kids who received several firts of 1 BTC or more, they surely would be set for life, and also might not have any incentive to work.. - surely one of the difficulties that come in any situation of over gifting.. but also problems that rich folks have when they are contemplating how much of their wealth to pass onto their heirs.
Soon, everybody will be a millionaire in Dollars, not that they are going to like it, though.
the reputation of the term “millionaire” as we know it is rapidly declining. you can see the difference even if you watch movies and tv series made in the late 20th century. if you watch anything related to drugs, the mafia, or money from that time, you will understand how significant it was to be a “millionaire.”every day, thousands of new people become dollar millionaires worldwide. while some increase is natural due to population growth, the proportion of millionaires in the total population is also quite high.
perhaps in the future, we'll refer to them as “bit-ionaires” instead of millionaires. maybe that is what we are going to tell a person who has more than a million satoshis, or the ones with a whole bitcoin. whole coiner sounds good.
Yep. Accounting in bitcoin is going to have more meaning than accounting in dollars, even though right now we need to do both.
We are also already getting the sense that whole coiner status is not very realistic, so we might need to consider even 21 million satoshis is becoming difficult to acquire, and surely in the future 1 million satoshis is likely going to be a pretty good sum of value... depending on how far in the future we might be projecting.
I frequently find it better to try to not project out too far into the future since it is likely better to go with what we have rather than projecting too far into the future, but yeah, when we are building a bitcoin holdings we are constantly trying to be realistic to work with what we have to try to build as much bitcoin as we can, even though we might not be 100% certain how many that is going to be.
so i put buddy on ignore.
i am pissed that he has the power to show us numbers like 114k or 115k.
but fails to show us 130.2k or 140k
so I will ignore he or she or we or us or them until I see bigger numbers.
as it is I am grinding away with the mining ⛏️ host.
just stacking 0.001 a day every day.
i am pissed that he has the power to show us numbers like 114k or 115k.
but fails to show us 130.2k or 140k
so I will ignore he or she or we or us or them until I see bigger numbers.
as it is I am grinding away with the mining ⛏️ host.
just stacking 0.001 a day every day.
Only 1,000 days and you will have a whole bitcoin.
Do you guys remember when it was 58k, 58k, 58k? It lasted for several years, I think. 58k.
Well, it just hit me. If we're going to be floating between like 112, and 122, that's right at 2 times 58k.
Think we'll get stuck around 232?
Yeah, I know it doesn't work like that, but perspective is still good.
Well, it just hit me. If we're going to be floating between like 112, and 122, that's right at 2 times 58k.
Think we'll get stuck around 232?
Yeah, I know it doesn't work like that, but perspective is still good.
We have hardly been at $112k to $122k to even be meaningful yet.
My "expected" btc top is still $210-216K later in the year, hopefully, but I might not even take profits then.
I don't see anything wrong with shaving off some BTC at various points on the way up.
I would not really call it profits, but still, it can come in handy to have a little insurance at various price points.. just don't overdo it.
I see your 25 year and 50 year 8x and 64x respectively is predicated on ~8.66% annual growth rate. Is this compound annual growth rate something that is to be expected in future salary increases?
no but it did happen over prior years.to say it will continue at 7 or 8 or be 15% not 8% is just a guess.
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It is not completely a guess. Historically the 200-WMA has not failed to appreciate at least 20% annually, so it seems likely to continue, and surely there is a bit of a cushion so we can see if spot price is not staying at least 20% above the 200-WMA for extended periods of time, then that could be problematic in terms of dragging it down to lower levels of appreciation.. and yeah of course, the past does not guarantee the future, but there still is likely some reason that the 200-WMA continues to appreciate, beyond the existence of mere guesses..