Quote from: Biodom on October 02, 2025, 04:35:31 PM

Quote from: JayJuanGee on October 02, 2025, 04:32:19 AM

Quote from: d_eddie on October 01, 2025, 11:57:39 PM

Quote from: BTCETFInvestor on October 01, 2025, 11:33:27 PM

@OgNasty - It would clearly be bad mistake selling at $140k when 7X that amount ($1 million) is just six or 7 years away in 2031/2032 - unless of course you don't expect to still be around then.

You must be very young. It's not about still being around. Go through a pair of cycles, add 10 or so to your age, and you might begin to understand some grown up talk.

You must not have seen the posts in which BTCETFInvestor had already told us that he is investing 8 figures, which surely strongly suggests that he is either a grown up or he is a very smart youth.. Tongue

Apparently, it is "only" mid six figures...it used to be called a "crab".
https://www.tradingview.com/chart/BTCUSDT.P/XTxYv1rd-What-Kind-of-BTC-Sea-Creature-can-you-be-BTC-Owner/

Alas, since it is through FBTC, it might not qualify.

He's ongoingly talking about the BTC ETFs as if they were the same thing as BTC, and even if it makes sense for him and/or some others to invest into (and fuck around) with BTC ETFs rather than BTC, it is deceptive to talk about such BTC ETFs as if they were the same thing as BTC.

Another thing is that he has been denigrating self-custody, as if self-custody were an inferior practice, which it is not. Apparently, he has not learned lessons about 2022 - to the extent that he was even out of his grandma's basement way back then, at that time.

Sure there are folks who are not going to hold the underlying asset, just like there are folks who choose to hold paper gold rather than real gold, and surely it is much easier (and sometimes even pays more) to play around with paper gold rather than real gold.

Bitcoin is not the same as gold even though it has similar characteristics.

I would suggest that self-custody of bitcoin is not as easy as holding bitcoin through an ETF and/or other third party, yet there are several ways that it is easier to hold bitcoin as compared with gold - and surely a lot of the downfall of gold likely related to the difficulties to take custody, as well as other ways that gold is inferior to bitcoin...

So taking custody of bitcoin is a lot of what ends up causing bitcoin to be such a powerful, disruptive and even paradigm shifting technology that likely ONLY achieves is power, disruptiveness and/or paradigm shifting characteristics through taking self-custody and/or threatening to take self-custody.

The third party "contractual" relations vary, and in some of them it is not even possible to take self-custody. They can ONLY be sold for cash (or perhaps for some other asset that might be offered by the third party). There is a contracting away of rights to self-custody, and surel sometimes that contracting away comes from some enticement of yield and/or other conveniences.

Quote from: BTCETFInvestor on October 02, 2025, 04:44:51 PM

In a note sent by Citi to clients today, October 2, 2025, Citi forecasted that Bitcoin will reach $181,000 within 12 months. That's a 50% increase in 12 months!

The bank also set a year-end 2025 price target for Bitcoin at $132,000.
Citi pointed to growing interest from institutional investors and financial advisors as a key driver for Bitcoin.

It looks like Citi is in agreement with many other experts on the price prediction for Bitcoin 12 months from now in October, 2026:

Sure it might seem reasonable to project BTC prices to go up and to the right - but BTC spot prices do not tend work like that - even though so far the 200-WMA has been working like that... so the putting of minimums and maximums hardly makes any sense.. even though surely there could be more bullish and more bearish case scenarios, it does not seem realistic to be describing them as minimum's or maximums, especially when describing BTC spot prices.

I think with the 200-WMA, it makes more sense to describe minimums and maximums, since the 200-WMA does not tend to vary so much and it also tends to trend upward.

Quote from: Hueristic on October 02, 2025, 05:06:57 PM

Quote from: Biodom on October 02, 2025, 02:31:28 AM

Senate hearing on bitcoin, etc, taxation...scroll to what you are interested in:
https://www.youtube.com/watch?v=3Y1zv__mAIU
for example:
https://youtu.be/3Y1zv__mAIU (coincenter policy guy, who makes sense).

I need a tldr for those nanny state bitches as I can't stomach listening to their retarded statements.
Do they think they are going to tax mining pools and Lightning?

I think THEY need to be removed.
Tax Shitcoin Staking and leave POW alone bitches.

In my opinion, we (the people) do not get away without taxes, unless it becomes impossible to tax, so surely the powers that be are going to attempt draconian measures. Whether they are successful or not it another story, and the extent to which there are casualties is another story. I would prefer not to be a casualty.

Quote from: OutOfMemory on October 02, 2025, 08:38:08 PM

Quote from: El duderino_ on October 02, 2025, 08:21:42 PM

Quote from: OgNasty on October 02, 2025, 06:43:22 PM

Quote from: LFC_Bitcoin on October 02, 2025, 06:31:24 PM

There really is something quite beautiful about seeing Bitcoin at $120,000.

We still have one more big, explosive leg upwards in this bull market too. I’m thinking maybe a slow grind up to $130,000 in the first two weeks of October and then the big push, blow off top to $160,000 or similar in late October to early November.

Indeed. I get excited at $120K, which probably means I am holding too much Bitcoin. I am keeping my eye on the exit though. I do not believe that we are in a supercycle and think that regardless of how high Bitcoin gets, it will be lower than it is now in 18 months. I do think we’ll hit $140K before this run is over and that is the price where I’ll start finding it difficult to hold on for dear life.

I do understand though I will hold on to 75% of current stash.... I already sold some at previous prices that were this high and a little lower... now the max of current stash to sell = 25% but @ prices around 140 and up a bit... if I don't meet targets I have no regret as I did sell already to live my life as i'm used to... I also don't need more to sell or it must go extreme.... though the more I'm selling now would only be to buy back lower as I have no needs IRL which I cannot handle as how it is from now.

Bitcoin is not only an investment or a store of value, it's a lesson in life.
Remember all the highs and lows?
And you, respectively, have witnessed some more than me.
It's also the lessons learned by others' lessons, like mindrust, elwar... (as some brief examples) that, if learned well, gives us confidence, and also experience.
Bitcoin is a just a different pair of shoes, not only in this regard, but also unique and thus unable to compare.
I'm so glad to be able to live in these exciting times. This and keeping out of the "flooded with shit"-zone enables one to live a satisfying life.
(Edited some details and errors)

What is the lesson from Elwar? I think that he probably lost most if not all of his bitcoin getting involved in the seafarer (seasteader) businesses - even though there were some interesting stories that came out of the situation, to the extent that he was able to make it through his various ordeals. I have my doubts. There can frequently be questions regarding whether we want to survive or go down as a martyr (look at his last post(s) from November 2022.