Topic: Buy the DIP, and HODL! - page 565. (Read 122712 times)

Bitcoin’s market cap is $1 trillion, but the market size itself, especially the liquidity, is not, and very far below, from the trillions. Double-digit-billions of liquidity cannot provide the depth for it to become a World Reserve Currency, BUT it is on its path going in that direction.

I don't know what it is about, exactly, but I will throw out a few arguments here and there just for funzies.. and probably actions speak way louder than words, including in my case that when I got into bitcoin in late 2013, I considered bitcoin as a substitute for gold.  In other words, bitcoin is serving the same functions.. and even MOAR better that that less useful and manipulated the fuck out of thing-i-lie.


You can surely count me in the camp of bitcoiners who believe that bitcoin is going to continue to eat gold's lunch, just like it already has been eating its lunch, and likely the lunch eating is going to continue and perhaps even become more and more pronounced with the passage of more time... if you cannot already see it.. maybe at some point you will start to see what has already been happening.


Don't we already have bitcoin at a trillion?  So gold is at 11 trillion or so, and so will not take very long for bitcoin to reach gold parity and then we get into the 100x to 1000x, which could take longer...  like I already said.

In other words, I have given hardly any shits what peeps decide to do in terms of their allocations, even though I will state my opinion from time to time, which has included fuck that shit (referring to gold), and so in that regard, my action has continued to just say no to gold and to say that it is not needed in any current portfolio if you have bitcoin, and my already taken stance is likely to continue to be true, if not more true in the coming years, and do what you want and argue what you want, and I do not need to argue in terms of seeing how are portfolios are likely going to compare in terms of the bitcoin and gold parts.. mine having only bitcoin and yours having some portion (seemingly unnecessarily so) hedged in grandpa coin gold.

 

 

It’s not about the qualities of each, and what has the qualties that the other doesn’t. It’s about the size of the market of each. There are Bitcoin maximalists who believe that Bitcoin “will eat up Gold’s market”. Debatable from both sides of the debate.


Size of market matters more in my opinion. Let’s wait for a Trillion Dollar Bitcoin market.

Sure there are a lot of folks that want to debate gold as having some qualities that just cannot be replaced by bitcoin, and sure many of us bitcoiners already realize that bitcoin is way better than gold and the word is getting out their both in terms of talking about it and actual actions that people are taking.

It is quite likely that bitcoin is going to end up 100x or 1000x the market cap of gold even though it will likely take another one to five cycles to make it through some of those higher valuations.

So, of course, there are some that are banking on some kind of catastrophic bitcoin failure or just the physicality of gold, but still we have found out that physicality is not necessarily all filled with positives, andas far as relying and hoping upon some kind of catastrophic bitcoin failure seems like ongoing ways to just deny realities and really attempt to both study how BTC works and what is going on with the various ongoing adoption of bitcoin - even if you might be having trouble understanding what makes bitcoin tick and I surely don't claim to know very many things about technical aspects of bitcoin even though I recognized it as a better version from around day 1 of my decision to start investing in bitcoin in late 2013.  So if I can figure out some kind of a better than gold bitcoin angle from late 2013 (and surely I don't claim to be very smart at all), there has been 7.5 more years of bitcoin's existence including 7.5 more years of a variety of information that is both showing bitcoin to be better than gold in tangible ways of transportability, divisibility, verifiability, more difficult to debase (based on ability to demand possession cheaply, quickly and easily) and way cheaper to store and transport without having to use third parties, and bitcoin's price appreciation (which is also attributable to bitcoin being on an exponential adoption curve, too).

The are definitely hedging. Hyperinflation is a big threat to the value of their companies, and Bitcoin is one of the best hedges there is, debatable if it can replace Gold, but it’s better than Gold in many points, and definitely better than real estate.

If you believe hyperinflation is coming or not, institutions won’t be wrong to HODL Bitcoin.

We do not disagree really.. but currently, in spite of regular people getting raped up the ass with the debasing of their money, the overwhelming majority are not seeing the light.. instead we have sophisticated jumping ahead, and I am not even suggesting what you say is not going to happen, but it could take a good long time for it to really happen in terms of even a majority of the population (that is 3-4 billion peeps) having some kind of meaningful stake in bitcoin, when right now, we would be lucky to have 100 million peeps with any kind of meaningful stake in bitcoin... even though we have some BIG players coming in and buying as many coins as they can afford, and saying that they are not selling their coins.

We have no real reasons to suspect that some of the BIG players and institutional players are lying to us about their intentions not to sell any of their newly acquired BTC and to seek real estate on the bitcoin chain by having a bitcoin stash that is going to be way disproportionate in size to what any regular Joe is going to be able to acquire.. with average joes probably struggling to have more than 10k satoshis... by the time they figure out that bitcoin is the place to put your money... and I am not even that concern about average joes coming to the BTC party late (whether that is 5-10 years from now or maybe even 20- years or more from now before some of the regular joes figure out some of these dynamics in regards to bitcoin being the place to put your extra value).

BUT, go to the other side’s viewpoint. During a period of hyperinflation, why would people continue to save their salary in cash if its value will be a magnitude smaller the next day? I believe Bitcoin, during hyperinflation, will be viewed as Satoshi’s wonderful gift to the world, BY NOCOINERS.

“Bitcoin is Rat Killer Squared”. - Warren Buffett

On the interwebs, none of us can really know the quantity of coins of another.. but sure, reasonable inferences can be made.


In my book, "fake" taunting still counts... .(ok. sure, some might argue that my books are all screwed up, but whatevers)


I am not sure if it helps to have too strong of convictions because the future remains a set of probabilities rather than certainties, even though I agree at the same time any one of us can have visions of the future and attempt to prepare for such scenarios.. but we also should be careful in terms of putting too many eggs in certain visions (even if they might have very high probabilities of happening in a way that we envision).

Another thing is that a lot of us do have inclinations in regards to wanting to be right and also wanting to justify our own behaviors and maybe even selectively considering history that is much more favorable to our having had gotten it right.,. whether true or not.  I am not suggesting that I am any kind of exception to these kinds of inclinations.

Historically, one of the advantages of bitcoin has been its asymmetric bet, and it seems to continue as a very decent asymmetric bet, which largely means that you do not even really need to bet a whole hell of a lot of money in regards to the upside potential in order to profit stupendously from investing in bitcoin... history has proven out this asymmetric bet in regards to bitcoin, and seems pretty likely to continue to prove itself out in regards to the ongoing asymmetric bet.

One of the historical errors that people made was not necessarily the quantity that they failed to invest, but failing to invest at all into bitcoin... so sure, sometimes there needs to be some kind of reasonable stake in order for the amounts to add up because even though investing $1 to $5 per month would have allowed for that portfolio to show a decent amount of value, sometimes a bit more aggressiveness.. such a $40 per month or greater would have ended up with quite greater returns that would have been more meaningful.. and surely not everyone would have had the same abilities to be able to stack away certain higher quantities of value in order to really have been able to profit from bitcoin, but even poor people could have been quite a bit better off by even stacking way very modest amounts, such as $5 in the past 7 years.

Sure, $420 invested over 7 years would add up to nearly $24k in value currently, and even NOT exactly life changing for all people, would still add up to decent value for some folks.. and yeah, I understand that sometimes when people end up being that level of poor that they can only afford to invest $5 per month, they are going to be tempted as fuck to prematurely draw into their investment when they see it going up in value, and then they end up screwing up the whole dca investing system (in terms of delayed gratification and thinking longer term) because they were not able to really set that (appreciating) value to the side and let it continue to grow without tapping into it.. while perhaps continuing to add more value into it (or increasing the DCA amounts) with the ongoing passage of time.


Of course, various macro factors (including seemingly sloppy and desperate monetary policies that rob from the people in broad-base ways) are going to contribute to bullish pressures for bitcoin, including UPpity BTC price pressures, but they certainly do not guarantee the outcome that bitcoin absorbes all the value of other assets and shitty fiats, even though many of us recognize that bitcoin has great chances in these kinds of scenarios including even some accelerations of sloppiness from large governments and financial institutions.

By the way, those dynamics do not guarantee a BTC price floor of $50k or $30k or $20k, or even guarantee that BTC prices might not dip down to the 208 Week moving average that is now at around $9,800 and is going up around $200 each week...

You are no big blocker, troll, or nocoiner, and you have more Bitcoin than me. That would be fake-taunting.


I believe I was only one of the handful of people in the forum who had strong confidence that Bitcoin WILL reach a 6-digit valuation, and WILL be a world-reserve-currency of some kind. Everyone thought it was very out of reach for Bitcoin, but currently everyone agrees.

What’s your opinion on hyperinflation in the United States, and other regions of the globe? https://bitcointalksearch.org/topic/m.56478804

I'm going to taunt you.

You said that before, and sure, if you keep saying it sooner or later you are likely to end up being correct (just might take some time), and then you can say.  I told you so.   

 

Bitcoin will NEVER be traded under $50,000 again. - Big blockers, trolls, nocoiners will laugh, sneer, taunt me for saying that, but like $10,000, the big blockers, trolls, nocoiners laughed, sneered, and taunted too.

Slap yourself if you sold the dip under $50,000.

Shower thought. The next expected bear market cycle will not start until later than expected.

In the U.S. and a few other developed nations, their Central Banks prrrinted billions to trillions of their currency to compensate the people, and help maintain the economy.

Money in circulation has been in its highest point in history, but there’s no inflation. Why?

https://fred.stlouisfed.org/series/M2SL

Because the velocity of money is in its lowest point because most of the economy is CLOSED. Everyone is HODLING cash.

https://fred.stlouisfed.org/series/M2SL#0

But what would happen if the economy around the world opens up again, especially in the United States?

Because no one truly knows in my opinion. I was only telling him what to me is the truth. That the billionaire-whalecumulators are buying their coins to HODL, and will never move again for the next few years, or more.

Don’t be like this critic,





Credit to Jameson Lopp.

The meme is funny but it's talking about the reality. Where's the Leonardo meme that says "I'm not f* selling".
HODL is the key, don't panic.

Are you just making shit up or trying to create a kind of spin that you would prefer to propagate?

By the way, in case anyone is confused, besides what you seem to believe, WF, saying fuck ethereum or fuck shitcoins does not necessarily signify "hate,"  helrow.



Regarding bitcoin's supposed and purported ongoing pumps and dumps, it seems that the pumps have been way the fuck outweighing the dumps, especially if you zoom ur lil selfie out and attempt to appreciate the bitcoin matter a wee bit MOAR better, so take that framework with whatever grain of salt that you would like.


It's good to have a "theory" I suppose, whether it is correct or not (or whether you tweak your theory a wee bit here and there from time to time to make it MOAR truer).   


For sure, nothing is guaranteed in bitcoinlandia, but there are decent BTC price models that give pretty decent probabilities and scenarios for BTC price dynamics, and surely anyone in the space should attempt to understand the dominant price models - and in the end take them with whatever grain of salt they believe they deserve.

The dominant current BTC price models are: 1) stock to flow, 2) four-year fractal and 3) exponential s-curve adoption based on Metcalfe principles and networking effects.


Hahahahahaha

Nice way of putting the matter, Wind_FURY.. everyone should be attempting to come to their own conclusions and based on their own circumstances and considerations instead of trying to get someone else (random peeps on the interwebs) to tell them what might happen, or what might not.

I can tell you now everything positive that your ears would like to hear, but the market MIGHT do something else, and you tell me that I’m lying. But I can definitely tell you that if you sell your Bitcoin, you’re throwing them to the billionaires who have stronger hands than you.

The whalecumulators, “Did the plebs, sell? Then buy the dip. Pump it!”



The Bitcoins you sold, are going them, never to be seen again. Don’t give it to them, HODL. Bitcoin is still on schedule in its path of price discovery to 6 digits.

But are they purposefully “pump and dumps”? From my viewpoint, it’s simply the nature of the market. Bitcoin has always relied on the open market for price discovery.

Plus, JayJuanGee, it is confirmed, $50,000 the new $10,000. I hope no one did it like the Goldfish. DON’T THROW YOUR BITCOINS TO THE BILLIONAIRES!!!

Why be afraid to buy when there is a downturn in the market. If you buy, even if the decline continues. its value will recover. Although we don't know when the value will recover. Every Sunday I buy it and keep saving, no matter when it goes up or down. Because I know that the value of bitcoins is increasing all the time.

The years pass by and JayJuanGee still hates the alts. Like the bitcoin pump and dumps, some things never change.