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Board Speculation
Re: Top 20 days for Bitcoin
by
philipma1957
on 25/07/2025, 00:54:47 UTC
4th place nice.

We are grinding out July we have 7 days left to be over 100k

That would be nice to see.
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Topic
Board Speculation
Re: 100 Push-Ups Per Day Until Bitcoin Is £100K Challenge
by
philipma1957
on 25/07/2025, 00:49:51 UTC
It seems some persons don't see smoking as something good to the body system (which I agree) while some see it as something precious to the body because of the love they have for it and how it makes them feel which I don't think is even cool. If we some how feel the way we feel about smoking what about drinking? Like too much drinking, can it be seen as a better replacement for smoking?

100k,Sexylizzy2813,82,13490,2025-07-24

Ask a person that smoked  from 13 to 39 the issue is you can't skip smoking anywhere as easy as it is to  skip drinking.

I can drink a shot once a week or once a day or once a month or once a season.

If I try any smokes I will go back to a pack and a half a day and crush my lungs in under two years.
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Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
philipma1957
on 24/07/2025, 22:43:32 UTC

Not really a fan Apparently he was a Rat, but these things always come in three's so who's next Huh?

https://i.imgur.com/JQWrfPx.mp4

Only Two Wrestlers I liked from back then.







I like the Rock in Doom but he's from a different ime.



Some say

 Hulk
Ozzie
Theo

Make the 3
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Topic
Board Bitcoin Technical Support
Re: [Jul 2025]Mempool empty, Consolidate your small inputs @0.10 sat/vbyte (???)!
by
philipma1957
on 24/07/2025, 20:56:08 UTC
I prefer trezor but Electrum is good, trezor should do an upgrade in the firmware and drop fee level a bit.

As time goes on there are issues of sats being too high. Allowing 0.5 to 0.9 and rounding the full fee works.

Ie : 112x.9= 100.8 round it to 101


Even though Trezor says the minimum is 1 sat/vB, if you type a lower amount and wait a few seconds it will actually create a valid transaction. Here I created a transaction with 0.5 sat/vB fee. If you’re connected to their backend, they enforce a higher minimum relay fee so it would get rejected but you can broadcast the raw hex on mempool.space.



Nice work I will check this out.
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Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
philipma1957
on 24/07/2025, 20:10:56 UTC
Buddy be dropping 119k over and over and over again.
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Board Speculation
Merits 3 from 3 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
philipma1957
on 24/07/2025, 16:00:40 UTC
⭐ Merited by xhomerx10 (1) ,Paashaas (1) ,JayJuanGee (1)
Rip

Hulk Hogan
Post
Topic
Board Economics
Re: Can Bitcoin Survive In A Deflationary Economy?
by
philipma1957
on 24/07/2025, 15:51:35 UTC
I have been learning about how central banks usually target 2% inflation for economic growth. Still, Bitcoin has a fixed supply and can even become deflationary over time if people lose access to their wallets.
So I'm interested to know about a few things;

 Can Bitcoin work well in a deflationary environment where the value keeps rising and people prefer to save rather than spend?

Would an economy based on Bitcoin slow down because people won’t want to spend their BTC?

 Or would it encourage smarter spending and long-term thinking instead of constant consumption?

I’m just trying to understand if Bitcoin can really replace fiat money while keeping an economy active, especially since deflation is usually seen as a risk in traditional systems.

BTC is not the best p2p system

it is not designed for that.


Doge would be better

as doge always prints more coins

but as time goes on the inflation rate approaches zero

doge year 1 1x Total coins
doge year 2 2x total coins  OMG 100% inflation

doge year 10 10x total coins
doge year 11 11x total coins hmm 10% inflation rate


doge year 20 20x total coins
doge year 21 21x total coins even better 5% inflation rate


doge year 50 50x total coins
doge year 51 51x total coins even more better 2% inflation rate

doge year 100 100x total coins
doge year 101 101x total coins only 1% rate of inflation

doge year 1000 1000x total coins
doge year 1001 1001x total coins only 0.1% rate of inflation


so as p2p this is far better than BTC will ever by

BTC is the king of store of value  not king of p2p

now just because the math say this people are crazy and simply may say fuck it and be not rational at all about the simple truth above.
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Board Speculation
Re: 100 Push-Ups Per Day Until Bitcoin Is £100K Challenge
by
philipma1957
on 24/07/2025, 13:21:07 UTC
Nothing fancy, just keeping count. Oh and I've started padel every Thursday now. Not ordinarily what I'd play but it's quite light exercise for shoulder mobility. 10% the strength of tennis and 10% the mobile stress of badminton I feel.

100k,buwaytress,3,30,2025-07-24

still sick suffering from severe allergies. on some asthma meds.

Take it easy. Remember to breathe deliberately!

a bit better today. new doctor appointment today.

third day on the asthma meds
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Topic
Board Speculation
Re: Bitcoin bubble pop
by
philipma1957
on 24/07/2025, 09:42:09 UTC
These other companies that have followed Michael Saylor's strategy that are also beginning to buy bitcoin to hold in their treasury to cause a pump on their company's stock, what does everyone speculate on this? Will this create another overinflated bubble that will pop and cause bitcoin to dump similar to the bubble pops before?


I think bitcoin can never undergo a bubble pop because of bitcoin volatility and total decentralization. I think we need to understand what Bubble pop does before we correlate it with bitcoin, this is act is when a coin suddenly or rapidly pumps up due to hype and then dumps immediately. Bitcoin cannot have a bubble pop because bitcoin price pump isn’t base on hype but rather on real demand through utility and adoption.

Bitcoin volatility has continued to be more stable to such a place where it cannot dump to some certain price again. Most of this coins that experience bubble pops are those that usually are just centralized like the coin is been held more by few investors, this coins you will see one holder holding more than 5% of the coin and when they sell it affects the price or bubble pop happens when everyone sells after the hype dies down.

In all of this cases bitcoin doesn’t have any of these reason to have bubble pop, no single holder has more than 1% holding of the coin, investors can not sell at the same Time as most have even embark on holding for a very long time. In most bearish market bitcoin can realistically only fall like 65% down and this is if it is accompanied with bad fundamentals

So yes bitcoin cannot go through Bubble pop

600,000/20,000,000=0.03 so your 1 percent is off as 3 percent is 3x 1 percent.

and Mike Saylor has 3%
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Topic
Board Mining (Altcoins)
Re: Bittawm Trust Review - Goldshell BYTE - A Unique Hobbyist Home Miner
by
philipma1957
on 24/07/2025, 02:08:12 UTC
if they dropped in a scrypt board option it would be a nice solo miner.
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Topic
Board Speculation
Re: "Is Bitcoin the ultimate savings tool?"
by
philipma1957
on 24/07/2025, 01:36:18 UTC
But I think holding it for 5–10 years will actually be profitable.
Yes this is long term saving and it will help because bitcoin would have increased more in 5 to 10 years. But it would be good if the coins (I mean bitcoin) can be saved or hold throughout someone's entirely life and let his children still inherit it because bitcoin is an asset of value, its price will continue to increase undoubtedly.

that only works if your kids are alive.

My kids are all dead.

Still the fact is holding BTC for 6 or more years has always turned a profit.

Not many items can claim this.

So I would say buy and hodl some .  even if you are alone in life because in ten years or so you will likely have more than you began with.
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Board Speculation
Re: Top 20 days for Bitcoin
by
philipma1957
on 24/07/2025, 01:12:51 UTC
WELL jjg  my wife is into real estate and cash .
My cash needs are simple I have to have 2300x12= 27,600+12,000=39,600  for untouched reserve (ie mining support for 1 year)

having that untouched cash in a 3.8% bank account is a must as it allows 1 year of mining without cashing coins.
I should stack about 0.4 btc in the next year

So I have the 40k in the bank and my cash above that is under 10k
you could argue that I do not need to be with 50k cash and I am over.  But I am okay with it.
you could also argue why mine at all just take the 50k and buy corn. I am okay with it.

Of course, each of us come to our own balances, and surely if you have been in bitcoin for 13-ish years, you have figured out your balances.. and on a personal level, I have frequently suggested that guys try to get to an overaccumulation status prior to selling any BTC.  Once they get to overaccumulation status then surely they have more options, yet it still might not involve selling BTC right away, and surely I have also considered price-based sustainable withdrawal to kick in before time-based sustainable withdrawal.. yet they each can have their place.

Surely, your case is somewhat different since you are earning BTC then you may well have to sell some of your BTC in your cashflow management, yet you still could have a system in which you consider whether you are in overall accumulation stage, maintenance stage or liquidation stage (sustainable withdrawal stage).  So then what stage you are in affects the extent to which you are overall accumulating bitcoin, trying to maintain a same balance or selling from your of BTC holdings.

Part of my difficulties in attempting to assess  any of your circumstances is that I ahve difficulties relating if you have never reached overaccumulation status.. ..but you are still buying and selling like a trader..   Of course, my own conception is that after reaching overaccumulation status, a guy is more free to sell BTC within the overaccumulation status yet hopefully not selling so much BTC as to knock himself out of overaccumulation status).

Surely, when you have a spouse, then there might be needs to balance preferences with the spouse, so that either you are in agreement regarding some of the joint financial matters or at least you know the boundaries of how much your spouse might have concerns in your finances or if you are involved in her finances to the extent that some of it might be allowed to be separate.

Personally, I have a hard time imagining that I would be accumulating more BTC this year, as you suggested accumulating an additional 0.4 BTC this year as if you are still in accumulation status.  So, my difficulties in considering that is because I have largely been in overaccumulation status since 2015 - even though my own personal definition of overaccumulation status had changed through the years, so in that sense measuring what we are even talking about can sometimes be confusing since it may well have to be applied to specific facts of an individual.

I am still needing to add more btc.

I do not have enough btc.
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Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
philipma1957
on 24/07/2025, 01:08:58 UTC
if my PayPal account has 10,000 usd worth of BTC I am sure that would be counted on the list of 50 million Americans


Did they ever add being able to withdraw bitcoin?

you can.

ever since I was frozen out of coinbase .

I put cash from my bank account into PayPal .

So lets say 1-2 coins in my wallets

and 0.11 btc in paypal

and some in kraken.

having that btc in PayPal allows my the ability to cash if I want.
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Board Off-topic
Re: In an homage to Og’s pushup thread I am doing a stair steps thread.
by
philipma1957
on 23/07/2025, 22:01:23 UTC
he put me on 30 day course of inhaled steroids . Today is second day.

Having had asthma from 1958 to now basically all my life I work hard to stay off the roids.

But there are 500 forest fires in Canada with some smoke filtering down to me in NJ.

once I am on the inhaled roids for a week the lungs will relax and let me breath proper.

It has been more than 5 years since I need to do the inhaled steroids.

Fuking sucks.
1958 is a whole lot of a long time to experience such discomfort I must say. Fogs from forest fires are not conducive and it seems it has gradually clogged up and now reacting. Still be positive and take your medications seriously while having a longer rest time. We hope to see you better soon.

it was really bad from 1958 to 1972.  I was 15 in 72 got really tall grew some hair on my face and chest. My natural steroids kicked in. So I was pretty much okay until 2005 or 2006  .

I would say 1972 to 2006 I had 2 or 3 episodes I knew a lot of what to avoid. I had and still have a lot of air filters in the house.

as I have aged from 2006 to 2025  I had a few times around 2007 and 2008.

Been good for a really time 1 instance in a Home Depot store where there was chemical spill I had to run out of the store to breath. A few times bad fires have triggered me.

Just something to deal with.  we all have some issues we rather not have.
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
philipma1957
on 23/07/2025, 21:31:13 UTC
this wo talk is like shit the last week or so.

Maybe since we past the 123 k mark and I opened the Jack too late as I was pretty much bombed on the 120 knob creek.

I hear a lot of jittery talk from nervous people here.

I AM WAITING ON THE 129.1 SO  I CAN CRACK THAT BOTTLE.

I never like when I am set for the next year.

the mine is topped off with 8 s21 xps and 1 L7

I have a new 1 year contract.

I have the cash on the side to pay the contract

and I have the cash for the 12k cc bill for the last 2 miners.

So basically I am sitting very well for the next year.

I could do nada for months on end.

Doing nothing has always been hard for me to do.
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Topic
Board Economics
Re: The United States Bitcoin Advantage
by
philipma1957
on 23/07/2025, 17:40:58 UTC
Look at PayPal if you are usa based and have a PayPal account.

with an external bank account
with an internal savings account
with a credit card.
DCA of BTC is basically effortless.

So buy $100 worth of BTC once a week on auto pay
in 2 yours time you have $10,000 in btc.

put 10,000 in their savings account and get 3.8% on your usd.

It is basically that easy to do.

Under a few hours you can have it setup.
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Topic
Board Off-topic
Re: In an homage to Og’s pushup thread I am doing a stair steps thread.
by
philipma1957
on 23/07/2025, 17:35:47 UTC
he put me on 30 day course of inhaled steroids . Today is second day.

Having had asthma from 1958 to now basically all my life I work hard to stay off the roids.

But there are 500 forest fires in Canada with some smoke filtering down to me in NJ.

once I am on the inhaled roids for a week the lungs will relax and let me breath proper.

It has been more than 5 years since I need to do the inhaled steroids.

Fuking sucks.
Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
philipma1957
on 23/07/2025, 17:17:08 UTC
I guess it depends on the definition: I'd say owning Bitcoin means owning owning your keys. Considering there are only 53,218,057 funded Bitcoin addresses (based on yesterday's data), and considering many Bitcoin owners have more than one funded address, there are far less than 50 million Bitcoin owners worldwide.
On the other hand, if I use a broker to buy shares of a certain company, I can say I own shares of that company. So I guess (by now) it's okay to say you own Bitcoin when you "have" some on an exchange or ETF. By that definition, 1 in 6 or 7 sounds plausible.

There is some nuanced perspectives about ownership. The conclusion I've come to is that if you own it if you can keep it. This is possible for Bitcoin like nothing else.

See also the "If buying isn't owning, piracy isn't stealing" discussion.

well

if my PayPal account has 10,000 usd worth of BTC I am sure that would be counted on the list of 50 million Americans

the easiest way to have BTC in the USA is PayPal
I would love to see their books as to how much btc they really hold vs how much they say they hold.

if you can open a PayPal account in the USA and you attached a bank account and a CC along with opening a savings account with them it is really easy to stack btc there.

Now would I have 30% of my BTC there nope.

But if you own a coin in a tezor or your core wallet

Buying btc at PayPal makes sense.  Why?  because if you simply use your bank to buy $100 a week and in a few year you have purchased 10,000 usd worth of btc all of it is perfectly kyc'd

having 10,000 usd worth of perfectly kyc'd btc is a good thing.

just be sure you have a lot of other BTC.


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Topic
Board Speculation
Re: 100 Push-Ups Per Day Until Bitcoin Is £100K Challenge
by
philipma1957
on 23/07/2025, 17:08:38 UTC
still sick suffering from severe allergies. on some asthma meds.

resting another day.

ugh
Post
Topic
Board Speculation
Re: Top 20 days for Bitcoin
by
philipma1957
on 23/07/2025, 16:15:55 UTC
WELL jjg  my wife is into real estate and cash .
My cash needs are simple I have to have 2300x12= 27,600+12,000=39,600  for untouched reserve (ie mining support for 1 year)

having that untouched cash in a 3.8% bank account is a must as it allows 1 year of mining without cashing coins.
I should stack about 0.4 btc in the next year

So I have the 40k in the bank and my cash above that is under 10k
you could argue that I do not need to be with 50k cash and I am over.  But I am okay with it.
you could also argue why mine at all just take the 50k and buy corn. I am okay with it.

Of course, each of us come to our own balances, and surely if you have been in bitcoin for 13-ish years, you have figured out your balances.. and on a personal level, I have frequently suggested that guys try to get to an overaccumulation status prior to selling any BTC.  Once they get to overaccumulation status then surely they have more options, yet it still might not involve selling BTC right away, and surely I have also considered price-based sustainable withdrawal to kick in before time-based sustainable withdrawal.. yet they each can have their place.

Surely, your case is somewhat different since you are earning BTC then you may well have to sell some of your BTC in your cashflow management, yet you still could have a system in which you consider whether you are in overall accumulation stage, maintenance stage or liquidation stage (sustainable withdrawal stage).  So then what stage you are in affects the extent to which you are overall accumulating bitcoin, trying to maintain a same balance or selling from your of BTC holdings.

Part of my difficulties in attempting to assess  any of your circumstances is that I ahve difficulties relating if you have never reached overaccumulation status.. ..but you are still buying and selling like a trader..   Of course, my own conception is that after reaching overaccumulation status, a guy is more free to sell BTC within the overaccumulation status yet hopefully not selling so much BTC as to knock himself out of overaccumulation status).

Surely, when you have a spouse, then there might be needs to balance preferences with the spouse, so that either you are in agreement regarding some of the joint financial matters or at least you know the boundaries of how much your spouse might have concerns in your finances or if you are involved in her finances to the extent that some of it might be allowed to be separate.

Personally, I have a hard time imagining that I would be accumulating more BTC this year, as you suggested accumulating an additional 0.4 BTC this year as if you are still in accumulation status.  So, my difficulties in considering that is because I have largely been in overaccumulation status since 2015 - even though my own personal definition of overaccumulation status had changed through the years, so in that sense measuring what we are even talking about can sometimes be confusing since it may well have to be applied to specific facts of an individual.

yeah I am atypical investor. But it's okay I am more independent from mining partners  in 2025 than 2017-2024 which always helps.

Took me a long time to do it but I am finally more comfortable and able to say no to the people I need to say no to.