Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16262.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: vroom on September 30, 2017, 05:42:15 AM

this hodl philosophy will really hurt bitcoin one day. this could end in some kind of deflation spiral, nobody uses bitcoin to buy stuff because stuff will be much cheaper tomorrow.

to solve this hodl problem we need a new kind of service. A combination of payment and exchange service. with this service it should be possible to pay for something in bitcoin and also instantly exchange the same amount of fiat back to bitcoin - payhodl.com!

Trust me, when most of your wealth is tied up in bitcoins, you will spend them.

The flaw is thinking that people that get it will be holding very much fiat to spend. Maybe enough for a restaurant or groceries for the week but the big things like travel, large purchases, etc. are done with bitcoins.

yermom

member

Activity: 98

Merit: 10

Quote from: vroom on September 30, 2017, 05:42:15 AM

Quote from: RejectedBanana on September 30, 2017, 05:32:24 AM

Quote from: BlindMayorBitcorn on September 29, 2017, 09:23:43 PM

Guys, is hodl a paradox? When are we supposed to enjoy our riches? I've never had riches before. Should I be living in a richly place now? I've never lived in a richly place before.

I just don't know.

Some time back, I bought my wife an Instant Pot (fancy pressure cooker) with Bitcoin at a 25% discount via Amazon/Purse.io. Told her by using Bitcoin (which was already way up for me), it was the cheapest Instant Pot money could buy. Grin

Then Bitcoin quintupled.

Now she looks at the Instant Pot and says, "Most expensive fucking Instant Pot money could buy." Tongue

And sits there scheming over all the things she could have bought HODLing instead.

So yes. HODL is a paradox. Yes indeed.

Nevermind I bought all the dips on the way up. Nevermind I can retire early now. That fucking Instant Pot will always be my HODL reminder.

"Yes honey, it's a lovely house, but we could have bought a fucking castle, you idiot!"

this hodl philosophy will really hurt bitcoin one day. this could end in some kind of deflation spiral, nobody uses bitcoin to buy stuff because stuff will be much cheaper tomorrow.

to solve this hodl problem we need a new kind of service. A combination of payment and exchange service. with this service it should be possible to pay for something in bitcoin and also instantly exchange the same amount of fiat back to bitcoin - payhodl.com!

To solve this hodl problem we need to hodl til fiat no longer exists. Then 1BTC is equal to 1BTC and I hope by then we'll have managed the deflation "problem" spiral

savetherainforest

hero member

Activity: 1876

Merit: 612

Plant 1xTree for each Satoshi earned!

Quote from: vroom on September 30, 2017, 05:42:15 AM

Quote from: RejectedBanana on September 30, 2017, 05:32:24 AM

Quote from: BlindMayorBitcorn on September 29, 2017, 09:23:43 PM

Guys, is hodl a paradox? When are we supposed to enjoy our riches? I've never had riches before. Should I be living in a richly place now? I've never lived in a richly place before.

I just don't know.

Some time back, I bought my wife an Instant Pot (fancy pressure cooker) with Bitcoin at a 25% discount via Amazon/Purse.io. Told her by using Bitcoin (which was already way up for me), it was the cheapest Instant Pot money could buy. Grin

Then Bitcoin quintupled.

Now she looks at the Instant Pot and says, "Most expensive fucking Instant Pot money could buy." Tongue

And sits there scheming over all the things she could have bought HODLing instead.

So yes. HODL is a paradox. Yes indeed.

Nevermind I bought all the dips on the way up. Nevermind I can retire early now. That fucking Instant Pot will always be my HODL reminder.

"Yes honey, it's a lovely house, but we could have bought a fucking castle, you idiot!"

this hodl philosophy will really hurt bitcoin one day. this could end in some kind of deflation spiral, nobody uses bitcoin to buy stuff because stuff will be much cheaper tomorrow.

to solve this hodl problem we need a new kind of service. A combination of payment and exchange service. with this service it should be possible to pay for something in bitcoin and also instantly exchange the same amount of fiat back to bitcoin - payhodl.com!

Sir.. that is where you are wrong about bitcoin!

When the world will dump all its resources into bitcoin, the only way to make bitcoin rise again will be to create economic growth. So basically bitcoin will grow as much as there will be new people, new processed raw resources into higher value items with a demand. So when it will reach its peak it will just be very stable, the trading will have a bit of volatility, but the real growth will be lets say as an example 5-10% per year as the GDP growth of humanity / planet earth / solar system...etc.

gembitz

hero member

Activity: 1848

Merit: 640

*Brute force will solve any Bitcoin problem*

Quote from: savetherainforest on September 30, 2017, 05:42:57 AM

Quote from: RejectedBanana on September 30, 2017, 05:32:24 AM

Quote from: BlindMayorBitcorn on September 29, 2017, 09:23:43 PM

Guys, is hodl a paradox? When are we supposed to enjoy our riches? I've never had riches before. Should I be living in a richly place now? I've never lived in a richly place before.

I just don't know.

Some time back, I bought my wife an Instant Pot (fancy pressure cooker) with Bitcoin at a 25% discount via Amazon/Purse.io. Told her by using Bitcoin (which was already way up for me), it was the cheapest Instant Pot money could buy. Grin

Then Bitcoin quintupled.

Now she looks at the Instant Pot and says, "Most expensive fucking Instant Pot money could buy." Tongue

And sits there scheming over all the things she could have bought HODLing instead.

So yes. HODL is a paradox. Yes indeed.

Nevermind I bought all the dips on the way up. Nevermind I can retire early now. That fucking Instant Pot will always be my HODL reminder.

"Yes honey, it's a lovely house, but we could have bought a fucking castle, you idiot!"

Did I ever told you how much I love people on these forum and their little "cooking pot" stories?? Cheesy

i bought a $2500 ounce bag of weed back in 2013 ...does that count? Grin

weeeee

savetherainforest

hero member

Activity: 1876

Merit: 612

Plant 1xTree for each Satoshi earned!

Quote from: RejectedBanana on September 30, 2017, 05:32:24 AM

Quote from: BlindMayorBitcorn on September 29, 2017, 09:23:43 PM

Guys, is hodl a paradox? When are we supposed to enjoy our riches? I've never had riches before. Should I be living in a richly place now? I've never lived in a richly place before.

I just don't know.

Some time back, I bought my wife an Instant Pot (fancy pressure cooker) with Bitcoin at a 25% discount via Amazon/Purse.io. Told her by using Bitcoin (which was already way up for me), it was the cheapest Instant Pot money could buy. Grin

Then Bitcoin quintupled.

Now she looks at the Instant Pot and says, "Most expensive fucking Instant Pot money could buy." Tongue

And sits there scheming over all the things she could have bought HODLing instead.

So yes. HODL is a paradox. Yes indeed.

Nevermind I bought all the dips on the way up. Nevermind I can retire early now. That fucking Instant Pot will always be my HODL reminder.

"Yes honey, it's a lovely house, but we could have bought a fucking castle, you idiot!"

Did I ever told you how much I love people on these forum and their little "cooking pot" stories?? Cheesy

vroom

legendary

Activity: 1303

Merit: 1681

a Cray can run an endless loop in under 4 hours

Quote from: RejectedBanana on September 30, 2017, 05:32:24 AM

Quote from: BlindMayorBitcorn on September 29, 2017, 09:23:43 PM

Guys, is hodl a paradox? When are we supposed to enjoy our riches? I've never had riches before. Should I be living in a richly place now? I've never lived in a richly place before.

I just don't know.

Some time back, I bought my wife an Instant Pot (fancy pressure cooker) with Bitcoin at a 25% discount via Amazon/Purse.io. Told her by using Bitcoin (which was already way up for me), it was the cheapest Instant Pot money could buy. Grin

Then Bitcoin quintupled.

Now she looks at the Instant Pot and says, "Most expensive fucking Instant Pot money could buy." Tongue

And sits there scheming over all the things she could have bought HODLing instead.

So yes. HODL is a paradox. Yes indeed.

Nevermind I bought all the dips on the way up. Nevermind I can retire early now. That fucking Instant Pot will always be my HODL reminder.

"Yes honey, it's a lovely house, but we could have bought a fucking castle, you idiot!"

this hodl philosophy will really hurt bitcoin one day. this could end in some kind of deflation spiral, nobody uses bitcoin to buy stuff because stuff will be much cheaper tomorrow.

to solve this hodl problem we need a new kind of service. A combination of payment and exchange service. with this service it should be possible to pay for something in bitcoin and also instantly exchange the same amount of fiat back to bitcoin - payhodl.com!

RejectedBanana

sr. member

Activity: 406

Merit: 551

I am a banana.

Quote from: BlindMayorBitcorn on September 29, 2017, 09:23:43 PM

Guys, is hodl a paradox? When are we supposed to enjoy our riches? I've never had riches before. Should I be living in a richly place now? I've never lived in a richly place before.

I just don't know.

Some time back, I bought my wife an Instant Pot (fancy pressure cooker) with Bitcoin at a 25% discount via Amazon/Purse.io. Told her by using Bitcoin (which was already way up for me), it was the cheapest Instant Pot money could buy. Grin

Then Bitcoin quintupled.

Now she looks at the Instant Pot and says, "Most expensive fucking Instant Pot money could buy." Tongue

And sits there scheming over all the things she could have bought HODLing instead.

So yes. HODL is a paradox. Yes indeed.

Nevermind I bought all the dips on the way up. Nevermind I can retire early now. That fucking Instant Pot will always be my HODL reminder.

"Yes honey, it's a lovely house, but we could have bought a fucking castle, you idiot!"

buyandhold

member

Activity: 231

Merit: 43

Quote from: jbreher on September 27, 2017, 06:28:07 PM

Quote from: d_eddie on September 27, 2017, 03:43:59 PM

It's not 1MB to 2MB. It's more like ~4MB to ~8MB.

orly? What percentage of blocks since SegWit activation have been 4MB?

Quote

The developer(s?) on the 2x Team don't seem to be able to tell the keyboard from the screen.

You're gonna go with that? You realize jgarzik is the lead btc1 dev, right? He's contributed more to Bitcoin than have most core devs and most blockstream devs. Not to mention his huge contributions to Linux before Bitcoin even existed. Your contributions for comparison?

Quote

And the team don't seem to care much about censorship resistance, either.

Bald assertion lacking supporting evidence.

Quote

Node operators, besides trusting the 2x Team to do the right thing technically, must be WANTING to take that step. I, for one, am not.

You're free not to take that step. Careful you don't end up standing exposed in the vast minority. Cold out there.

Quote

But I see you're a legendary member, so you know all this. You trollin' me, man?

You trollin' me, man?

Your support for the New York Agreement has been #noted.

Paashaas

legendary

Activity: 3512

Merit: 4557

My bet is on Charlie!

https://twitter.com/rogerkver/status/913870930815807488
https://twitter.com/SatoshiLite/status/913874126812569600

El duderino_

legendary

Activity: 2716

Merit: 13505

BTC + Crossfit, living life.

Quote from: Searing on September 30, 2017, 01:56:07 AM

Hey what about a new poll?

Maybe one on the price by the end of the year?

Yes more price guessing :-)

coin_1122

full member

Activity: 1134

Merit: 102

Quote from: mymenace on September 30, 2017, 03:27:23 AM

ban bitcoin trading

https://www.bloomberg.com/news/articles/2017-09-29/cryptocurrencies-drop-as-south-korea-bans-icos-margin-trading

and it rises $200

Cheesy

See they are not banning the Bitcoin but they are banning only ICO's. Now every country is planning to regulate the ICO so it is another sign that Bitcoin price going to the moon in the next year.

Karartma1

legendary

Activity: 2310

Merit: 1422

Quote from: explorer on September 29, 2017, 10:57:00 PM

Quote from: BlindMayorBitcorn on September 29, 2017, 10:33:33 PM

Quote from: notme on September 29, 2017, 10:28:12 PM

Quote from: BlindMayorBitcorn on September 29, 2017, 09:23:43 PM

Guys, is hodl a paradox? When are we supposed to enjoy our riches? I've never had riches before. Should I be living in a richly place now? I've never lived in a richly place before.

I just don't know.

Pick a small % (somewhere between 5 and 20%) and a starting price. Every time price doubles from your starting price, sell your chosen percent. Use a spreadsheet to pick the percent that gives you a mix of fiat and btc you can live with, assuming the wildest valuation you can think of, then stick with it. If you have spare fiat, buy a fixed $ (or euro, or whatever) amount every week. Then relax and enjoy the ride.

Food for thought. Thanks.

http://xzist.org/amazing-bitcoin-retirement-fund-calculator/

http://bitcoinsavingsplan.com/

I finally have something to study during the dumps. Excellent contribution guys and well done to those who thought about such sites. The road to early retirement is still long but with the good incentives and the right plan that is not impossible to achieve.
You all know that one day one BTC is going to be priced one BTC anyway

LewisPirenne

full member

Activity: 140

Merit: 100

Quote from: 600watt on September 30, 2017, 02:51:05 AM

Quote from: BlindMayorBitcorn on September 30, 2017, 01:37:23 AM

The boatman on the river Styx now accepts Bitcoin. Cool

you know why? someone told this guy that there is an investment out there which existed for approximately 2500 days. investors who invested on 2474 of those days made a profit. only 26 days where the price was higher than today.

Or alternatively, someone told Charon that there is something called fiat money which has existed for around a century. Anyone holding fiat money during the past century has basically lost their shirt in terms of purchasing power. Thus people who hold bitcoin at least retain (even gain) some purchasing power as the relative price vs fiat keeps rising.

mymenace

legendary

Activity: 1596

Merit: 1061

Smile

ban bitcoin trading

https://www.bloomberg.com/news/articles/2017-09-29/cryptocurrencies-drop-as-south-korea-bans-icos-margin-trading

and it rises $200

Cheesy

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: 600watt on September 30, 2017, 02:51:05 AM

Quote from: BlindMayorBitcorn on September 30, 2017, 01:37:23 AM

The boatman on the river Styx now accepts Bitcoin. Cool

you know why? someone told this guy that there is an investment out there which existed for approximately 2500 days. investors who invested on 2474 of those days made a profit. only 26 days where the price was higher than today.

Ack! That's cold! ....

600watt

legendary

Activity: 2338

Merit: 2106

Quote from: BlindMayorBitcorn on September 30, 2017, 01:37:23 AM

The boatman on the river Styx now accepts Bitcoin. Cool

you know why? someone told this guy that there is an investment out there which existed for approximately 2500 days. investors who invested on 2474 of those days made a profit. only 26 days where the price was higher than today.

mike4001

sr. member

Activity: 443

Merit: 260

Damn psychology.

Can anyone explain to me when I started buying bitcoin again now as the price is rising again and didn't do it 2 weeks ago when it was down 30%?

lol

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Hey what about a new poll?

Maybe one on the price by the end of the year?

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

The boatman on the river Styx now accepts Bitcoin. Cool

rjclarke2000

legendary

Activity: 1358

Merit: 1016

Quote from: steelboy on September 30, 2017, 01:12:34 AM

Quote from: rjclarke2000 on September 30, 2017, 01:06:18 AM

I'm bullish but in the back of my mind I have the same thoughts as BMB. Also the same thoughts on whether I'm a forever hodler and will die hodling.

Surely some? I can not imagine a situation where I have 0 BTC

Exactly this.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16262. (Read 26609471 times)