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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12310. (Read 26610941 times)

legendary
Activity: 1652
Merit: 4393
Be a bank
You people are so mean. Shocked


For straight up assets on a chain (tokens) this new Ravencoin thing looks like it can replace it.

I'm not an user of ETH or any alts really to tell you the truth but the asset layer is what ETH is all about and there's something better, cheaper and much easier to use around nowadays. Might take a bit to mature but it's coming and ETH is going...
Sssssssssh, don't tell 'em about ravencoin, (Pike).
No it has caught the imagination of some fairly bitcoiny people because of fair launch and mining algo (possibly some other thing positive i can't recall), but I bet 'maximalists' are saying 'we can just add tokens if they're really needed'.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
maths fail^ nosey fail^

What do you believe the math to be if you assert that you would have an extra $20 to $50 million to spend on projects (without batting an eye), if BTC price were to go to $100k?

I said 600BTC because that gives a bit of a cushion.

If a guy or gal only had 500 BTC, then s/he would only have $50 million in the event that BTC prices were to reach $100k... That would leave absolutely no cushion to feel comfortable doling out $50million on any kind of project.

You have better approximation numbers than me?  fucktwat?
legendary
Activity: 3780
Merit: 5429

For straight up assets on a chain (tokens) this new Ravencoin thing looks like it can replace it.

I'm not an user of ETH or any alts really to tell you the truth but the asset layer is what ETH is all about and there's something better, cheaper and much easier to use around nowadays. Might take a bit to mature but it's coming and ETH is going...

You know a scamcoin like ETH is in trouble when:

a) after years of development, still the use case and business case can't be found by anyone, including Vitalik
b) zero adoption for said use case, because solution still looking for a problem that doesn't exist, and
c) something is already coming along deemed as "better than" ETH (which is a joke in and of itself)

 Roll Eyes Roll Eyes   Grin
legendary
Activity: 2097
Merit: 1070

For straight up assets on a chain (tokens) this new Ravencoin thing looks like it can replace it.

I'm not an user of ETH or any alts really to tell you the truth but the asset layer is what ETH is all about and there's something better, cheaper and much easier to use around nowadays. Might take a bit to mature but it's coming and ETH is going...
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
Cup overfloweth, despite extensive guttering renovation on underside and mixed metaphors

legendary
Activity: 1891
Merit: 3096
All good things to those who wait
@fintechfrank https://twitter.com/fintechfrank/status/1070405218230259712

Quote
SEC Commissioner Hester Peirce on crypto ETF: "Don't hold your breath"

It could come tomorrow or in 20 years, she said.

"I do caution people to not live or die on when a crypto or bitcoin ETF gets approved."

"You all know that I am working on trying to convince my colleagues to have a bit more of an open mind when it comes to [crypto]."

"I am not as charming as some other people," she added.

Institutionalization will happen, she concluded.

Advice for crypto firms: "get good regulatory advice.. there are a lot of landmines...[and] we live in a society that has a lot of old securities laws...You could have the best intensions [sic]in the world and you could trip on something that you didn't mean to trip on."

Peirce said this during a fireside chat at a cryptocurrency conference in Washington D.C.
I think my peepee just shrank a little.

hero member
Activity: 1848
Merit: 640
*Brute force will solve any Bitcoin problem*
Wow $3700 what is this bullshit.

you new here? ~if $2500 holds i might put in $100 and spin the wheel again? Wink weeee
legendary
Activity: 2716
Merit: 13505
BTC + Crossfit, living life.

I could dump some 20~50m into the development of a game

WTF boy... Your father is much much poorer than you!

You have a strange father-Son-father of all feeling going on Smiley
Where is that coming from ?
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Dont worry  Grin

Coinmarketcap BTC Dominance: 54.0%

https://coinmarketcap.com/
https://coinmarketbook.cc/
Market cap is a lie.
Buy support tells the true story.
Buy support rating separates investments from gambles.

not true, but better than marketcap
discussion: https://twitter.com/MrHodl/status/1069575026792382465

You're right, but the only thing that matters to me about coinmarkecap is % BTC Dominance.
The other nothing.

Why should you give a shit?  BTC Dominance is one indicator, and it is a manipulated indicator, so even if it has some abilities to tell certain aspects of a story, we are likely to run into considerable logical error if we put too much weight into one indicator that is quite clearly manipulated and we know such indicator to be manipulated.
member
Activity: 294
Merit: 53

I could dump some 20~50m into the development of a game

WTF boy... Your father is much much poorer than you!
legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
I can already live off of my crypto earnings comfortably. The type of profits I suggested would be in a range where I could dump some 20~50m into the development of a game without even flinching about potentially never making it back.

That's a lot of BTC you're holding.


That is what I was thinking too...

Seems a bit more than the average WO participant, or even the elite end of the WO participants...

I am thinking that seems to be in the 600BTC plus arena to be able to consider that $20 to $50 million would be a drop in the bucket, in the event that BTC went to the $100k arena.

I wouldn't consider throwing 20-50m in a non-profitable hobby unless I have at least 10 times the amount so.... maybe a couple thousands of BTC (@$100K) to be comfortable with that "frivolous" spending.
legendary
Activity: 2716
Merit: 13505
BTC + Crossfit, living life.
posting this out of solidarity
 and for the good feeling LFC must have now, after another win "belgian assist Smiley "



and we know its still his future avatar Wink
legendary
Activity: 2716
Merit: 13505
BTC + Crossfit, living life.
Wow $3700 what is this bullshit.
=bullshit!
legendary
Activity: 1652
Merit: 4393
Be a bank
maths fail^ nosey fail^
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
I can already live off of my crypto earnings comfortably. The type of profits I suggested would be in a range where I could dump some 20~50m into the development of a game without even flinching about potentially never making it back.

That's a lot of BTC you're holding.


That is what I was thinking too...

Seems a bit more than the average WO participant, or even the elite end of the WO participants...

I am thinking that seems to be in the 600BTC plus arena to be able to consider that $20 to $50 million would be a drop in the bucket, in the event that BTC went to the $100k arena.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
[edited out]
I can already live off of my crypto earnings comfortably. The type of profits I suggested would be in a range where I could dump some 20~50m into the development of a game without even flinching about potentially never making it back. Basically make something that I really want to see but never find due to CEOs cutting costs and keeping everything in a bland cookie-cutter manner. Not that I blame them, they are a business after all and need to appease their investors, but I do miss the wonder that old games made by nerds with a passion for the craft brought about and would like to see it brought back with cutting edge tools over tiny indie games. It's nothing of importance, but something that would be fun if I somehow managed to make all the right moves by gitting gud or lucking out.
Scholarships are a different story, since you can start handing those out even without being filthy rich, so I'm looking forward to that at some point (after I feel like I've spent enough time researching how to best go about it). And funding research I have no clue about. I suppose funds for a tenure and some assistants for a few years would be a good start. Also doable in the foreseeable future and more practical.

Surely I can relate to what you are saying here - of course, your passions and amount that you would invest differs considerably from me, but that merely shows individuality focuses can cause one person to pursue one direction with passion and fulfillment, while another person would chose to employ his/her relatively "excess" millions in another direction.

As far as people who bought in above $10k goes. Most of them will only have fractions of Bitcoin and not much spare cash to buy any more than a few more fractions of, or one or two Bitcoins at best. So it'll be pretty hard for them to retire without Bitcoin ballooning well above $100k. They're also most likely going to be the type that will lose most or all of their stash by trading, which doesn't make it much easier.

I'm sure that there is going to be a decent amount of variation with these types in terms of how they may have managed their budget in buying into bitcoin and also possibly learning along the way.  Surely, some of the BIGGER mistakes might still include average costs per BTC that are above $10k, but there are decent possibilities, so it seems, to attempt to dollar cost average down the average cost per BTC, especially at these prices without necessarily gambling or leveraging (or over leveraging).

I guess part of my point would be that depending on age and timeline and cashflow and a variety of circumstances, a guy/gal could still be considerably in the red on his/her bitcoin investment and still end up becoming rich on it in the future without necessarily acting irresponsibly or gambling too much in terms of ongoing strategy and tweaking... and in this regard, I am kind of presuming that BTC prices are going to go up from here in the future, and they would not necessarily even need to reach $10k or more for investors (even those currently in the red) to come out decently profitable (yet there is always some risk of BTC going to zero which must be kept in mind, and maybe even moreso if your investment is still in the red).

There are also very promising altcoins that increasingly reveal themselves as unicorns, albeit with the obvious associated risks involved. Those could help an average pleb increase their Bitcoin stash considerably, beyond what would be possible by cost averaging, buying dips, or trading the BTC/USD pair.

Personally, I say fuck the alt coins, and you don't need them in order to develop and employ reasonable and decent BTC plans... . but of course, cannot stop folks from playing around with some of them.

But that game requires hundreds of hours of research and ideally some previous experience with analyzing the unknown and should never be done with sizeable amounts of one's Bitcoin portfolio, especially without extensive experience. The "y house gone" memes are even more fitting here than for just Bitcoin.

Again, I don't think that it is necessary or wise to get involved in other projects, especially if your are already in the red with your BTC, but there could be ways to play a decently small portion of your total investment on such other projects.. but seems like a decently BIG ass waste of time, unless you are able to figure out ways that they might be long term monetizeable and fit into various sound money aspects of bitcoin.

Of course, getting into the game and sticking around religiously will help them, even if Bitcoin goes to zero. Because they would eventually have spent a considerable amount of time paying attention to markets and learning about investing money and seeing it grow, rather than waiting for their fiat to drop to half its value every so many years. And investing is pretty much what separates the average net worth individuals from high net worth ones, so losing money to learn this lesson is surely worth it as long as people heed the mantra of not burning money they need for bills and whatnot.

I pretty much agree with you that practicing brings experience and learning that is likely to be appliable in a large varieties of life including continued investing, and really, even though I am suggesting a mostly bitcoin plan, I understand that if someone is really young and has a very long time line, there is likely going to be more experimentation that they can reasonably incorporate into such plan and still end up coming out quite positive, even if some aspects of their plans fail in large ways.
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