Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6121. (Read 26711444 times)

... next stop 56k, anybody here interested in BTC or is this just the shitcoin shitpost thread now?

... it means Musk sucks at Haiku, and he's skipping his lithium meds again 

Something appears to have changed about 3 hours ago, I have no idea what it is but I think we're seeing trading by those in the know right now.

Please guys, no more DOGEtalk...

There are other, more important things happening...

Like, a corn PUMP (hope not for ants)!

of course what Elon means is Bitcoin, just look at the BTC symbol clearly on the top of the ring.

Yes! I understand what you are saying!!! But 10K per minute is not enough to adjust for inflation. There needs to be more. And it can't be more. Cuz that means it would need for the network to fork.

What does Elon mean by that?



https://twitter.com/elonmusk/status/1359791422711492608

Edit:
Elon launches not only rockets into space, but also....

^^^ There will be 10 000 Doge per block forever. Last 24h 1359 block where produced, almost a block per minute.

Well do u think 4% will be enough for them ?? NO!

Compared with their actual printing system, Dodge has a soft cap based on time. And their current system uses ATM machines that need electricity and maintenance, but that doesn't justify their endless capacity on demand "printing" endless sums with endless zero's just because they want.    

Also, in some years lets say Dodge will be 2$ and some years it will be 0.74$. But that will be normal and it will be a good incentive.
^ But I don't rly believe this will be much possible, since there will be some sort of hoarding and manipulation on the markets.

At least he is still active on the forum, trying to re-build his stash from scratch.
But You will probably never see him again here on the WO.
We can't judge, what we cannot understand.

Compared with the banking system 1 Dollar (US/CA/AU) / Euro / Pound =/= 1 Dodge . I mean when they say they need to print 1 trillion of Dollars / Euro or wtf... well sh!t, they can't do that! Because they only get like 5,256 billion dodge per year. (10K per minute... x60 minutes .. x24 hours ... x365 days and u get that 5256 billion number)

Basically if the European Union, the US and other countries would like to adjust for inflation and they would need each 1 trillion of their currency. Well they can't adapt and adjust for inflation, because they have less. So the current supply is not enough for the inflation demand that we need. So basically the price will go up even with 10K coins per minute.

Also the miners will be more and the 10K per minute will start splitting between each other less and less. So if u think that 1 person or 10 people get that 14,4 million Dodge per day and each has a million. You are wrong. Some big miners if they get 1-2K per day and some get just a few hundred with a small home setup.

So, more miners, less coins, not enough inflation, much inflation needed, much WoW!

I love the smell of WO and sweaty feet in the morning.

Third morning I'm waking up after a whole night of dreaming wildly of BTC pumps and dumps. Very bad mood. I blame it on Elon. Some shitposters will suffer today.

Hodl. Et cetera.

Well no.
Doge been inflating over 4%, the average of fiat over the last 100 so years is 2.3%, sure way more in resent times but a 4% value loss per year you my be ok with not so many more.

Attain cool VIP status for a dirt-cheap BTC50?

You have a pretty decent penchant, Biodom, to twist my words around to your own liking, but whatever, I can take your trolling (or would it be stalking).. whatever.



That sounds kind of familiar.. the three chunks bit.


You don't know.... that's right.  That's why you engage in some self-reflection and figure out what makes you somewhat as much comfortable that you can be, given your reflection on your personal situation.


Fuck Saylor.

Saylor did what he believe to be the right approach, and you (yes uie) have to reflect upon ur lil selfie and not get too caught up on what some billionnaire did or was able to do that may well not reflect very well on your own personal situation including your cashflow and other various personal factors that you should be accounting for (do I really need to repeat them?)


hm?  How many people can extrapolate their circumstances to Saylor's?  Sure e maybe some, but seems like it might be an exception rather than a rule.. perhaps?


That makes sense.


Very entertaining.  Thanks.   

It takes many years and lots of posts to share my various ideas on bitcoin, and part of my emphasis has always been that guys (and gal) make a variety of efforts to tailor their BTC investment and accumulation strategies to their own situation.. and of course keeping in mind that once accumulation goals are reached then variations of maintenance and liquidation may well become more prominent - but still for individuals to try to tailor their best to their own circumstances and to learn and tweak along the way.. which may cause emphasis on one practice or another, but DCA is only one of several components (an important component but not the ONLY component). 

I could go into some details, but no specific question was raised beyond the it's not easy part, which might cause me to devolve too much... and of course, it's not easy, even if there might be aspects that can be framed in easy to understand principles, but ultimately tailoring ones investment approach to his/her own situation and actually understanding the implications of the various individual factors can be quite a bit of a project to actually attempt to understand with some kind of clarity - and perhaps a lifetime of study and tweaking. 

Those individual factors, as a reminder, are cashflow, other investments, view of bitcoin as compared with view of other investments, timeline, risk tolerance and time, abilities, and skills to learn and tweak from time to time which may involve reallocating and trading.   

Its called a tail emission schedule.

Can you please explain this part to me? I though the supply was supposed to be infinite for Doge, not capped like BTC? Isn't that one of Doge's demerits? Why is the supply low if there is no hardcap?

Mathematically, deflation is unsustainable due to the infinite nature of having no cap. Once it gets so popular that miners decide to mine more doge, the market will quickly start diluting the price. Once the price dilutes, the people will start swapping it for Bitcoin.

Man... I've been trading Doge for more then a week now. And I can tell you there is some weird buying pressure happening all the time. There is more money then there is dodge. And I made some simple math about the supply of doge per year, and it is way less then the amount the central banks are printing.