Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5994. (Read 26713358 times)

I did another round of rigorous confirmed calculations this morning based on the best math and science and I can confirm that the irrational exuberance is over and we are entering the final and most dismal correction.

If plants have no feelings, why do they respond and grow better with soothing jazz and classical music than with jarring rock, hiphop or EDM?

If plants have no feelings, why do they respond and grow better with soothing jazz and classical music than with jarring rock, hiphop or EDM?

What a snoozefest this is, when $60k??

JPM says a lot of things about bitcoin, but you can bet that bow they are ready to sell some shitty bitcoin related product to their clients bow, so they are trying to convince everyone it is a legit product.

WTF?

https://youtu.be/dKjCWfuvYxQ

1% of global wealth will never make it's way into bitcoin. I don't even need to do my calculations to have confirmation of that.

if $3.6 trillion get invested in btc, it would send the price beyond the oort cloud, which again would result in a way higher market cap. a dollar invested means more than a dollar added to market cap.

Ehi wo gang, I have been a little bit out of WO flow recently, but I read this big news from JPM:


JPMorgan Says Investors Could Make Bitcoin 1% of Portfolios


JPM says a lot of things about bitcoin, but you can bet that bow they are ready to sell some shitty bitcoin related product to their clients bow, so they are trying to convince everyone it is a legit product.

In addition to that a very bullish thing to me.

When I decided to buy bitcoin I made a few back of the envelope calculation. The first one was about gold parity, pointing to 350k dollar at the time (now more in the 500k region).

A second one was about the answer of the following question: what if everyone put 1% of their financial wealth on bitcoin.

So a few computation (getting updated figures for gold parity consistency):

World financial wealth (Credit Suisse 2020) : 360 Trln
1% : 3.60 Trillion
This has to becdivided over
21 million bitcoins (I want a conservative number)

Target price: 170,000 USD

Not bad.
Bullish.
My body is ready.

Sell now. Everything. Short on high margin is best. Ultimately you want to be heavy in USD. Preferably in a low yield savings account, which is proven to be the safest. If you want a little risk in your profile, then perhaps 1% in ripple.

Sell now. Everything. Short on high margin is best. Ultimately you want to be heavy in USD. Preferably in a low yield savings account, which is proven to be the safest. If you want a little risk in your profile, then perhaps 1% in ripple.

OK, so what would you advise us to do?

Sell now?
Everything?

Or maybe sell some percentage (say 50-80%) and keep the rest of the BTC just in case?

And also, what should we buy? USD? EUR? JPY? (I've always wanted to visit Japan BTW.)

Your advice on this is highly appreciated, thanks.

proudhon, why not just admit you’re a massive whale who comes on here to troll. We all know you’ve got thousands of bitcoin. Just admit it!

WO is not really the place to be discussing this, but for those abstaining from eating meat (vegetarians, vegans, etc.) for ethical reasons (i.e., being against cruelty to animals), please understand that our very existence and way of life in this world is based on violence and causes violence by natural necessity. To really stop causing violence, one must commit suicide. It is of no coincidence that in certain languages, the word "life" is exactly the same as the word "violence". It's a cause and effect thing. We cannot escape it. This is part of the tragedy of our existence.

Having said the above, I fully understand OOM's stance on this. I once watched a YouTube video (now banned) of slaughtering a cow in a slaughterhouse in former East-Germany, and I literally threw up. I would probably feel and do the same as OOM, if I was forced to slaughter an animal with my own hands before eating it. This is just our brains trying to deal with an act that seems so incompatible with our ethical values. Is this what we do to animals? Yes, it is! And many more, unspeakable acts of violence, that we do to animals and fellow humans, to sustain our existence and way of life. Violence that society/civilization carefully shields us from. It's kind of like unplugging yourself from The Matrix and seeing reality in its truly raw form.

As someone once said, veganism is a mental disorder. I did not say it, just quoting someone else. (shots fired!)

Plenty of my own family members are either vegans or vegetarians, or were, or tried it. I let them be.

Those who got hypnotized out of it are exempted, it's not your fault.

I think the more appropriate joke is: I'm a budgetarian ... If it's within the budget, I'll eat it.

I think plants are actually sentient. Plus, collectively, they live the longest of most living things. Thousands of years old.

Plants are also "decentralized". They don't have brains or a head because predators such as deer or a lawn mower can just chop it off. Some weeds can also do complex arithmetic to prevent starvation at night (because no sunlight) so they calculate how much starch they need with 95% accuracy before dawn, so they have enough to last until the sun rises.

Plants can also "see" us via photoreceptors that perceive different wavelengths of light. They are aware of when we come near them and whether we're wearing a blue or red shirt.



Just imagine if plants can be hodlers.. They'll hold corns for a very long time.