All the same, there will be a drop at some point, and it will be big. At least in dollar terms. I hope everyone has a plan prepared.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16046. (Read 26710112 times)
November 05, 2017, 11:56:35 AM
November 05, 2017, 11:54:43 AM
I'm sure there are people on this forum that have spent hundreds of bitcoins on things like PC graphics cards back in the day.
Personally, my goal was to one day have enough btc that I could take out my original investment +20% profit in fiat value, and still have 90% left in btc.
Well I successfully did that. But had I left my original investment in it would have nearly doubled in fiat value again. C'est la vie.
Personally, my goal was to one day have enough btc that I could take out my original investment +20% profit in fiat value, and still have 90% left in btc.
Well I successfully did that. But had I left my original investment in it would have nearly doubled in fiat value again. C'est la vie.
November 05, 2017, 11:53:40 AM
Alessio Rastani revises Elliot count, now says wave 3, $10,000 "unstoppable"
https://www.youtube.com/watch?v=gmDLylVbfFI
https://www.youtube.com/watch?v=gmDLylVbfFI
November 05, 2017, 11:52:01 AM
Is there any danger in holding coins on a segwit address vs a legacy address in trezor? Say if segwit got back-peddled.
November 05, 2017, 11:51:28 AM
Oh Bitcoin may fall. As it's zinging through space long past the moon it might eventually hit some star somewhere and "fall"....
I'd put the odds at 50% of this happening before the heat death of the universe. We'll have to wait and see....
I'd put the odds at 50% of this happening before the heat death of the universe. We'll have to wait and see....
I think you're overestimating the density of the universe. If you put a straight line from one edge to the other, the probability that you will hit any object is minuscule.
November 05, 2017, 11:42:25 AM
All the same, there will be a drop at some point, and it will be big. At least in dollar terms. I hope everyone has a plan prepared.
November 05, 2017, 11:39:16 AM
I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.
I like this magic Internet money.
I like this magic Internet money.
That's nice to hear, although you won't feel so good when you calculate how much the BTC you've spent buying Amazon stuff are now worth...
As an example, I bought my TREZOR at the end of 2016, at a price of 0.1361 BTC, which is now a whopping $1000. This has got to be one of the most expensive TREZORs ever owned.
In a way, this is Laszlo's pizza story, in a much, much smaller scale.
Moral of the story: HoDL!
Spending bitcoins just makes it so that converting my salary to bitcoins is no big deal.
If I were buying something on Amazon with fiat, I could have just as easily bought bitcoins with that fiat.
But by spending bitcoins I get a 15% discount. Plus all of that time between getting paid and spending my bitcoins my currency has gained value instead of lost value.
Of course that's true, I'm not saying you shouldn't do it. After all, it's good to use BTC in everyday life. All I'm saying is that calculating the current value of the BTC we've spent on things may leave a bittersweet taste in our mouths...
November 05, 2017, 11:37:38 AM
About "for every rise there is a fall", well, that was Newton. With Bitcoin we are now past Einstein and there are new laws at play. In Bitcoin mathematics, there are only the (+) and (*) operators and no negative numbers. LOL!
Oh Bitcoin may fall. As it's zinging through space long past the moon it might eventually hit some star somewhere and "fall"....
I'd put the odds at 50% of this happening before the heat death of the universe. We'll have to wait and see....
November 05, 2017, 11:35:22 AM
I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.
I like this magic Internet money.
I like this magic Internet money.
That's nice to hear, although you won't feel so good when you calculate how much the BTC you've spent buying Amazon stuff are now worth...
As an example, I bought my TREZOR at the end of 2016, at a price of 0.1361 BTC, which is now a whopping $1000. This has got to be one of the most expensive TREZORs ever owned.
In a way, this is Laszlo's pizza story, in a much, much smaller scale.
Moral of the story: HoDL!
November 05, 2017, 11:24:18 AM
I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.
I like this magic Internet money.
I like this magic Internet money.
That's nice to hear, although you won't feel so good when you calculate how much the BTC you've spent buying Amazon stuff are now worth...
As an example, I bought my TREZOR at the end of 2016, at a price of 0.1361 BTC, which is now a whopping $1000. This has got to be one of the most expensive TREZORs ever owned.
In a way, this is Laszlo's pizza story, in a much, much smaller scale.
Moral of the story: HoDL!
Spending bitcoins just makes it so that converting my salary to bitcoins is no big deal.
If I were buying something on Amazon with fiat, I could have just as easily bought bitcoins with that fiat.
But by spending bitcoins I get a 15% discount. Plus all of that time between getting paid and spending my bitcoins my currency has gained value instead of lost value.
November 05, 2017, 11:24:10 AM
I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.
I like this magic Internet money.
I like this magic Internet money.
I told a friend about BTC a year or two ago, he has a small amount on his phone. He bought a couple of things with it, but the euro value just keeps increasing.
https://en.wikipedia.org/wiki/Cornucopia
However if you buy Ducati motorcycles with it, that stops working, I have found.
November 05, 2017, 11:21:41 AM
I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.
I like this magic Internet money.
I like this magic Internet money.
There is no such thing as magic internet money. Amazon received the fiat from stolen credit cards and shipped you the products. simple as that.
November 05, 2017, 11:20:48 AM
I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.
I like this magic Internet money.
Does that magic internet money machine work for euros, incidentally?I like this magic Internet money.
Purse.io only works in a few EU countries. I think maybe France and GB. I know of a different method for Germany.
November 05, 2017, 11:19:52 AM
I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.
I like this magic Internet money.
I like this magic Internet money.
That's nice to hear, although you won't feel so good when you calculate how much the BTC you've spent buying Amazon stuff are now worth...
As an example, I bought my TREZOR at the end of 2016, at a price of 0.1361 BTC, which is now a whopping $1000. This has got to be one of the most expensive TREZORs ever owned.
In a way, this is Laszlo's pizza story, in a much, much smaller scale.
Moral of the story: HoDL!
November 05, 2017, 11:17:57 AM
I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.
I like this magic Internet money.
Does that magic internet money machine work for euros, incidentally? I like this magic Internet money.
November 05, 2017, 11:11:31 AM
I don't buy a lot of things on Amazon but whenever I go to my purse.io to buy something I have just about the same dollar balance that I had the last time I bought something.
I like this magic Internet money.
I like this magic Internet money.
November 05, 2017, 11:10:36 AM
Meanwhile ...
It seems to me that Slush Pool has ceased to announce S2X since block 493083 ... or I didn't get something ?
https://coin.dance/blocks
It seems to me that Slush Pool has ceased to announce S2X since block 493083 ... or I didn't get something ?
https://coin.dance/blocks
Slush Pool allows its miners to designate what signal they want when they happen to get the block. The vast majority of Slush blocks do not signal for NYA.
https://blockchair.com/bitcoin/blocks?q=guessed_miner(SlushPool)
Let's hope that this reflects the actual sentiment of independent miners. That may be a stretch though since Slush himself is not exactly thrilled with S2X, so his pool probably attracts a larger portion of miners with the same sentiment. Furthermore, I am sure the default setting is probably no NYA signal.
thanx for the explanation, I feel less silly now
November 05, 2017, 11:05:51 AM
BTC is going to correct to sub 1000 in the next 2 years. Mark my words.
thanks for the input
don't let the door hit you on the ass on the way out
November 05, 2017, 11:01:25 AM
BTC is going to correct to sub 1000 in the next 2 years. Mark my words.
How is that helpful? There are numerous such posts dating back to 2015, none of which came true. Not to mention various ducks and cockroaches preaching about the imminent Armageddon...
Personally, the money I've invested in Bitcoin is money I can afford to lose (in fact, I consider them already lost), so whatever happens, let it come.
For the time being I'm HoDLing. Trading is not for me. Too much stomach-ache...
I'm with him. I think we will fall deep at least once more. This Bullrun is pure epicness. But i don't really believe that 7000$ is the new floor which can hold for months of sideways. At some point we will not rise anymore. Bitcoin (and crypto) will become "boring" again. And then we will slowly deflate. If we really hit sub 1000$ nobody knows. But for every rise there is a fall.
// Btw: in 2015 the price was actually sub $1000, going down to $150 in january.
From 2015 onwards we never had a big dip. But anyways... Earlier than that there was the MtGox fiasco.
About "for every rise there is a fall", well, that was Newton. With Bitcoin we are now past Einstein and there are new laws at play. In Bitcoin mathematics, there are only the (+) and (*) operators and no negative numbers. LOL!
Only kidding, of course, I know there may be a dip coming, but I'd like to hope it won't be so massive as sub-$1000.
November 05, 2017, 10:55:15 AM
BTC is going to correct to sub 1000 in the next 2 years. Mark my words.
thanks for the input
don't let the door hit you on the ass on the way out
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