Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5413. (Read 26610754 times)

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More weekend reading. I know some of you aren’t fans of Daniel Jeffries (anymore), but it’s always nice to think about the possibilities: https://www.coindesk.com/its-2031-this-is-the-world-that-crypto-created?amp=1&__twitter_impression=true

It is... and the more I think about it, the more I think it's genius too.

https://www.facebook.com/uwajimaya/photos/pcb.10161006715713812/10161006715468812/

Such a limb to go out on.

Quote me!  It either will, or will not happen!  And I predict the chances are dead even.

Excellent post.
The guy was Raja, who hails from Pakistan, whose official inflation rate is currently 11% and rising.
Good luck to him being all in with the Pakistani Rupee.

Translation: MCD is stacking Sats and doesn't want to support their competitors?

Shitcoins, Hodl-averse mindset...
I doubt this is the right thread for you. What do you really want? Troll us?
A very weak attempt, i'd say, followed by the mandatory add to my ignore list 

You are indeed lucky enough.
To still be in the game, day trading after 5 or 6 years, pulling out a regular $500 day takes both skill and luck.
Most, 99% people fold after losing all their stake in this time frame, placing you in the top 1%.
So the less skilled folk do best by simply buying and Hodling.
Warren Buffet recommends buy good solid stock in a company that produces something and hold (for decades!).
Time in the market rather than timing the market.
I only know of one person who is an employed stock trader. They tell me at least two out of every three trades makes a loss, and these guys have a huge team of professional people behind them doing analysis to identify under-priced stock, latest news feeds, Bloomberg terminal etc.
So on your own I don't see how you can 'always be winning' as you put it, but can believe your APPT is positive.


Great that you are free from the obligation of standard work.
But spending all your time in front of a monitor watching the the market is not good for your health either mentally or physically.
Work that you enjoy doing is not work at all, I enjoy my work growing produce to feed you lot.
Running your own business, being self reliant, dealing with day to day problems and people, where the buck stops with you, is just great.
I would be bored to death otherwise, in the quieter months is vacation time.
For the sake of your health try to do both, trading plus set up a business that uses a skill you have.
You will likely make a lot more than $500 day when its up and running.

To the people who bought in at $600 or less, they too would have had their moments of gut churning on those flash crashes.
And those same people now where their investment runs to paper $millions must also still get a little depressed when their investment measured in $ drops 50%.

As to the cleaning lady and "crack 3k for years imagine the depression, who listened to the fanatics on this thread or cult" as you say, she would also know from listening to "the cult" that at 3k its time to buy that fucking dip every week with any spare cash you have and HODL.
Long term BTC is the best deposit account you can ever have.

With the weekend in full swing, some reading material on stable coins and where it’s going: https://www.cato.org/cato-journal/spring/summer-2021/ten-stablecoin-predictions-their-monetary-policy-implications#important-tool-regulatory-transparency

It’s not about Bitcoin but stable coins live in cryptocurrency environments. Increased use and thus adaption also legitimises cryptocurrency and builds crucial infrastructure.

Explanation

FTFY....

Anywhooo, getting rich from bitcoin just happens to be a side-bonus..

.. I would say that the richie part may have been a kind of "problem," if we could label it as that, for quite a few of us.  Like I had posted, several times, I was really ONLY expecting around an average of 6% per year appreciation from my bitcoin in the longer term, and surely anything above that 6% per year has been a kind of icing on the cake.

By the way, I plugged a starting price and date of December 2013 of $600, percentages of 33% every 6 months and price projections every six months into an Excel spreadsheet, and I am NOT going to buy some of the pie in the sky 100% or 200% per year BTC price appreciation assertions and I would say that the 33% every 6 months brings a more or less accurate projection of $43,244 on June 1.  

Yes, the price projection does not need to be exactly on the dot, but I am going to assert that more or less historically (since late 2013) I have been receiving an average BTC price appreciation of about 33% every 6 months, which is a wee bit more than 10x price appreciation of the 6% per year price appreciation that I was considering to be a more or less reasonable return

Surely, I am NOT going to complain about the problems of having quite a bit more extra money and more return from an investment than expected..   And, surely some of that extra money does seem to be coming in handy when going shopping, going out to eat, traveling, doing a bit of construction, and maybe some other seemingly regular and normal expenses in order to NOT give too many shits about prices that have gone up a lot but have not gone up as much as the value of whatever BTC holdings I have happened to hang onto through the years... .21BTC or whatever it happens to be.

I recall just a bit over a year ago, in my area T-bone steaks tended to be around $7 or $8 per pound, and sometimes they would be on sale for $5 or $6 per pound.  Yesterday, I went to buy a couple of T-bone steaks, and they were $16 per pound, so perhaps they might go on sale in the future, yet I hardly gave too many shits about the price on a personal financial level because I was in the mood for the T-bone steaks yesterday, even though I can understand how those steaks have just become even more unaffordable for some peeps.. even the ones who have received decently large stimulus or unemployment checks from our uncle.

While true in general, a small clarification is in order: this thesis will hold better if we transition to a cyclical bear market (not just the dip). As it stands now, I am favoring bull resumption. In such case some alts can still outperform (until the next bear).

With my position being vastly outweight in btc (a bit less than 90%, but much much more than 45% current bitcoin weighting), I can handle both btc outperformance and undeperformance. My philosophy was always to never sell bitcoin for alts (never sell btc effectively in the last 4 years and ongoing), but buy/sell alts as I please (for fiat or for each other). If alts zero out, so be it, but in alts I routinely take heavy profits (at least to the amount of fiat invested), so it should work out.

TLDR; btc and alts require different investment tactics. one-never sell (hopefully), another-a trading vehicle(s)-no hard feelings re a small buy or sell.

"Bitcoin is not only a 24/7 monetary network, here's a visualisation of how its market trades every second of the day compared to legacy markets."


https://twitter.com/woonomic/status/1396047422363639808

Explanation

I put 5 merits on it for ya. It is a pretty good post and a reminder that when you sell and say "I'll buy back lower" you don't, then you miss the train.

Toot toot! Train is just taking on a load of coal.

Shitcoiner sleep is best done 6ft under

 Why do we quote the guy who defrauded investors to the tune of 200 million dollars for our hodl meme.  Surely someone else has a quote about persistence for a more noble purpose.


 How about:

 While there's life, there is hope.
-Stephen Hawking

 or you know... maybe something a little more upbeat but from a reputable person.

That is the fear!

Or the fucking exchange freezes the funds and you watch the recovery from the sidelines.

But its a risk I'm willing to take!

I've been thinking about moving so this would give me a good kick in the ass anyway.