OT:
“Several people have been killed in a bow and arrow attack near Oslo, Norway”
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4583. (Read 26609692 times)
October 13, 2021, 10:00:50 PM
October 13, 2021, 09:40:28 PM
Some observations from things I've learned mostly this year. In addition to much of the information I learn from you guys here I've watched quite a number of interviews, videos and live streams from the likes of Michael Saylor, PlanB, Max Kaiser, InvestAnswers, CryptosRUs, that pomp guy from the best business show, some Kitco stuff etc mostly during this year.
Much of what I've seen people say seems to fall into line with news headlines and things happening here in the UK and beyond from what I can gather:
All this HAS to mean much, much more of this:
I think we will see a new ATH in the next 2-3 weeks at the latest.
100K BTC isn't far off, maybe a month, two or three. Once we have a new ATH things could move fast.
Doubt we will see the PlanB / Max Kaiser figures of 288-400K within the next 4 months or so but I reckon we are in for a 500-650K BTC within 5 years and a $1-1.75 million BTC probably a few years after that (before 2030).
Obviously I'd be happy if the S2F model turns out to be a near exact indicator for the future. We will see. I'm not 100% convinced about that.
Much of what I've seen people say seems to fall into line with news headlines and things happening here in the UK and beyond from what I can gather:
- Ridiculous inflation figures (has a major effect on the rest of the stuff in this list)
- Soaring energy prices around the world due to green levies and political games. Moving to EVs will add huge demand also.
- Lack of employees due to dumb vaccination mandates, low reward for hard work in many places. It's simply innate for humans to take the easiest route to anything. Working from home allows people to spend more time to think about investments and check coinmarketcap every 5 mins.
- Increase in pensions and social security payments
- Acceptance of BTC by financial institutions and possible ETF soon
- Governments' financial arms too slow to react to something that is now far too big to really ban and we've heard this will probably not happen anyway quite recently
- Gold being a piece of crap and not even adjusting to inflation over a 10 year period.
- Banks being laughably useless; high street presence disappearing and no reward for savers, in some cases it now costs money to have a couple of bank accounts.
- The difficulty to still be able to invest in property, slowly out of reach for the average Joe; partly due to already substantial gains. They tried some crowd funding / split property investment stuff here in the UK but it never took off from what I can gather. Yet you can still buy $100 in BTC whether it's today, 10 years ago or 10 years in the future.
- Most tech stocks seem to be stagnating and just look boring now. Maybe not enough is happening with the likes of Facebook, Apple etc. Just doing the same thing every year etc. Some lack of innovation perhaps. There might still be gains with the likes of Tesla. InvestAnswers is bullish on it. The software side of Tesla might prove to be a big asset in the future. We will see. Not much else I am excited about. Maybe energy companies though.
All this HAS to mean much, much more of this:
I think we will see a new ATH in the next 2-3 weeks at the latest.
100K BTC isn't far off, maybe a month, two or three. Once we have a new ATH things could move fast.
Doubt we will see the PlanB / Max Kaiser figures of 288-400K within the next 4 months or so but I reckon we are in for a 500-650K BTC within 5 years and a $1-1.75 million BTC probably a few years after that (before 2030).
Obviously I'd be happy if the S2F model turns out to be a near exact indicator for the future. We will see. I'm not 100% convinced about that.
October 13, 2021, 09:36:23 PM
Doubt I would do a 9-5 job at that point though
One of the biggest improvement Bitcoin has brought to my life is helping me to exit the rat race in its entirety. I wake up when I damn please, only do work I want to do, and can't imagine how people still live otherwise. I think its added back years to my lifespan.
October 13, 2021, 09:01:26 PM
October 13, 2021, 08:53:59 PM
58.3 soon to be 60.1?
I think I will sell some at 60 if we get there.
I think I will sell some at 60 if we get there.
Thanks. We need someone to take one for the team.
October 13, 2021, 08:42:55 PM
58.3 soon to be 60.1?
I think I will sell some at 60 if we get there.
I think I will sell some at 60 if we get there.
October 13, 2021, 08:38:58 PM
October 13, 2021, 08:38:43 PM
In other news, she's pumping. We reached a local high. Currently at 58073.
Would love to see global high!
https://www.youtube.com/watch?v=IBLnSl8Q1NQ
October 13, 2021, 08:30:16 PM
In other news, she's pumping. We reached a local high. Currently at 58073.
Would love to see global high!
October 13, 2021, 08:11:20 PM
In other news, she's pumping. We reached a local high. Currently at 58073.
October 13, 2021, 08:01:25 PM
October 13, 2021, 07:52:50 PM
Funny how things went from:
"Bitcoiners" ---> "Bitcoin maximalists" ---> "Toxic Bitcoin maximalists"
The MSM trolls and shills hard at work astroturfing, gaslighting, and labeling a group as 'toxic', to push the public away from one thing (bitcoin) and towards another (shitcoins).
It must be working. Shitcoin communities are toxic circlejerks full of cognitive dissonance and delusional hopium.
"Bitcoiners" ---> "Bitcoin maximalists" ---> "Toxic Bitcoin maximalists"
The MSM trolls and shills hard at work astroturfing, gaslighting, and labeling a group as 'toxic', to push the public away from one thing (bitcoin) and towards another (shitcoins).
It must be working. Shitcoin communities are toxic circlejerks full of cognitive dissonance and delusional hopium.
This is SOP these days. Everything is filtered through the lens of the writer's agenda and no attempt at journalistic detachment is made. Sad times.
October 13, 2021, 07:45:19 PM
So, are "toxic bitcoin maximalists" only considered to be toxic by shitcoiners that don't get that shitcoins are shitcoins?
I was wrapping my mind around this randomly appearing term too much in the last few days.
In other news: Ants at work
I was wrapping my mind around this randomly appearing term too much in the last few days.
In other news: Ants at work
Toxic = "I don't agree with you but don't have a good argument to put forward either".
Not that there aren't toxic people out there but when you see it used like this...
October 13, 2021, 07:38:08 PM
More like: "I am taking back the rainbow for Christians”
Pretty ballsy to be waving the symbol of gods promise not to flood the earth again in his face like that.. Methinks..
ARE you an A-hole just because some people think your are one?
What about the people who thing they are A-holes for using that symbol? Are they all A-holes because some people think they are?
I guess it depends on whose opinions you give a shit about, if any..
Pretty ballsy to be waving the symbol of gods promise not to flood the earth again in his face like that.. Methinks..
ARE you an A-hole just because some people think your are one?
What about the people who thing they are A-holes for using that symbol? Are they all A-holes because some people think they are?
I guess it depends on whose opinions you give a shit about, if any..
Taking back the rainbow for stoners
Nobody owns rainbows, they're a natural phenomenon. I do have a particular issue with the way the alphabet people are using it because they originally were using it to promote tolerance but now it's all about exclusion and all sorts of nonsense.
Sorry to show one of my pet peeve "insensitivities," but one of my semantics issues concerns the calling of pregnant woman as people... "People" need blah and blah and blah.. , and in that context the reference is to "pregnant people" which in my thinking is quite a bit better (and less ambiguous) to refer to as such "pregnant people" as women.. or some variation of women that does not include men (or some variation of men).
https://twitter.com/raphschoen/status/1448012347533107202?s=21
Exactly what I tell new peepers well
Just add 5. At bigger DIPS buy some more if possible.
Also to take it a step further:
Take at least 50% of the money you would sink each year into your 401k, and invest that directly into bitcoin instead.
Then compare the two investment vehicles' progress at 5 years, 10, 15, 20.
You'll quickly realize how sorry you are that you didn't invest the other 50% into bitcoin as well.
That is a fairly BIG dilemma for normies. I feel somewhat out of place to be contemplating such dilemma - because the main years that I was investing into a 401k, I did not really know about bitcoin - so my getting into bitcoin was to replace my 401k investment with a new investment... and I was no longer eligible for 401k investing at the time that I started buying BTC in late 2013.
So the dilemma is to have a potential for matching funds and tax deferral. Depending on the 401k plan, the matching funds will likely go up to a certain percentage of income or a certain amount of income.... I had the first 5% matching funds and then after that I could invest up to the yearly maximum with merely tax deferral. I always considered that there were a lot of advantages in terms of investing at least as much as the matching funds, and then after that it was more ambiguous about what to do in terms of maxing out the yearly allowance. Probably, I would still say to maximize the matching, and then just invest at least the same amount into bitcoin, if that were to be affordable.. so kind of assuming 10% of income into those two investments (5% 401k and 5% bitcoin)... but surely, individual circumstances should be taken into account in order to figure out these kinds of matters, and if your budget might allow for more.. or maybe if yo might be over extending yourself, too in terms of all of your monthly expenses in light of your income (monthly cashflow).
Well the wife has always been super super conservative with her 401k.
So we let it sit and grow at 1-2% not counting inflation So I would argue it is slowly shrinking.
But It allows me to justify the btc we have.
If all goes well we will have more in BTC by 2022 then we do in the IRA.
So having safe money is okay it allows you to also have risky holdings.
October 13, 2021, 07:01:34 PM
October 13, 2021, 07:00:27 PM
So, are "toxic bitcoin maximalists" only considered to be toxic by shitcoiners that don't get that shitcoins are shitcoins?
I was wrapping my mind around this randomly appearing term too much in the last few days.
I was wrapping my mind around this randomly appearing term too much in the last few days.
Funny how things went from:
"Bitcoiners" ---> "Bitcoin maximalists" ---> "Toxic Bitcoin maximalists"
The MSM trolls and shills hard at work astroturfing, gaslighting, and labeling a group as 'toxic', to push the public away from one thing (bitcoin) and towards another (shitcoins).
It must be working. Shitcoin communities are toxic circlejerks full of cognitive dissonance and delusional hopium.
October 13, 2021, 06:25:37 PM
Doubt I would do a 9-5 job at that point though
One of the biggest improvement Bitcoin has brought to my life is helping me to exit the rat race in its entirety. I wake up when I damn please, only do work I want to do, and can't imagine how people still live otherwise. I think its added back years to my lifespan.
October 13, 2021, 06:06:12 PM
I think we are a cycle off from hitting 400-700K. But I'd like to be proven wrong.
Doubt I would do a 9-5 job at that point though, as long as inflation doesn't hit 500% over the next 4-5 years.
October 13, 2021, 06:01:25 PM
October 13, 2021, 05:58:20 PM
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