Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 636. (Read 26468419 times)

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ftfy

I guess production is much cheaper that way





well...

^ This. And I might add: Even NOT getting out of bed is also gambling. Every fucking decision in life is some sort of "gambling"... and there's nothing wrong with that.

... Then there is the distinction between degenerate gambling vs rational gambling... but that's a different matter I CBA to discuss now... Those that know, know.

So close to a new ATH.

We touched $73679 again but didn't pass it.

Soon.


Getting out of bed is gambling.

Off-topic, but happy Steak and Blowjob day, Mar 14!

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I would suggest that how many BTC is not completely subjective  - even though it is based on the setting of subjective goals... So if someone might tell you what his goals are, then you would likely be able to determine a quantity of BTC that would likely satisfy the goal.

So for example, if a guy tells you that in 10 years, he would like to be able to have a monthly income of $5k without having to do any work - beyond just keeping track of his various accounts...   Then at that point you have some ideas of an approximate number of coins that the guy might need to work towards getting, and I would say that if he works towards getting close to 5 BTC for the middle of 2034, then that would likely be more than enough to meet his goals... and perhaps even 3-4 BTC might be enough... yet we cannot really know, so then he should work towards getting to 5 BTC within the next 10 years.. which may or may not be doable for all people, and if it is not doable.

Then if he changes his goal to the same kind of idea of cashflow, but with a back up target for 15 years, then I would suggest that by mid-2039, then he is likely ONLY going to need around 2.5 BTC by mid-2039 in order to reach that same objective of having a monthly income of right around $5k.. so then he has something that he believes that he might be able to reach, and if he speculates that inflation might eat away the targets, then surely maybe he could try to shoot for more BTC and to have some cushion in his goals, and so we can largely ONLY attempt to give some directional guidelines that might need to be adjusted with the passage of time...yet I would still suggest that aggressive accumulation of bitcoin should be part of the formula, and the details can be tweaked at various points along the way.


That sounds like a statement from someone who does not understand bitcoin and/or mixes up bitcoin with shitcoins as if they were the same thing when they are not.  Do you know what is bitcoin?

In other words, Bitcoin is not a shitcoin.

Let me put it like this.  There are quite a few reasonable, sober and prudent ways to invest into bitcoin without devolving into gambling, which relates to both position size and even how to employ the various means of accumulating bitcoin through mostly buying techniques, not selling to buy more or trading or using leverage or using other complicated financial instruments in the way to build your bitcoin stash, and such techniques would presumably be within the disposable/discretionary income of the person getting involved in bitcoin.

If you are using up too much of your disposable/discretionary income and/or you do not manage your money properly, such as your emergency fund and/or your reserves and your float, then you would be devolving your bitcoin into a gamble rather than an investment.. and the same thing has to do with selling BTC as a strategy to accumulate more BTC (aka trading), employing those kinds of strategies and the employment of leverage and financial instruments would also be gambling.. so there are a lot of ways to invest into bitcoin rather than gamble with bitcoin.. especially again, since many of us should likely realize (including you VOD) that bitcoin and shitcoins are not the same things, so it is quite dangerous to mix them up in terms of how your frame (and conceptualize matters) and the kinds of strategies that you put into practice.

Investing in bitcoin is also gambling.

Shit coins are equivalent to gambling and gambling is for losers. One can invest few bucks in shitcoins for fun but real focus and most of your capital should be going to Bitcoin alone.
One thing to note about DCA is that it's not for people with low patience as it takes years to build a profitable portfolio with DCA. So anyone coming to DCA should keep in mind that it will takes years not months.     


We can relate with this with current bull run where people are selling too early. It's not a success that you buy at 60k and sell on 70k since this will give you only a limited profit. One must have a plan where he must gather bitcoins before he start thinking to sell some of his holdings. How many Bitcoins are sufficent is a subjective question. So some people 100 Bitcoins are low while for many getting even 1 bitcoin is difficult.

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My thoughts exactly bro. This is such a tragic “stars aligned” occurrence.
My heart goes out to her and her family. I hope she didn’t suffer too long, though the fact she had time to make a call for help only makes this story that much more distressing.
And whoever comments “god works in strange ways” or some facsimile thereof, deserves to be punched in the face.

$10 trillion seems to be part of the base case for this cycle.. .. and yeah it will make a lot of us excited, but it would be far from outrageous to make it to that level in this cycle.

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the room for growth is amazing.

It could go to 10 trillion by 2030

That’s how bitcoin dominance should be calculated



Edit: it’s $1.43T

https://x.com/wclementeiii/status/1768042299299123357?s=46&t=EYlgQnpcCaCtcz2k1MwkNg

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nite nite have some good BTC dreams

I am watching warrior season 3 episode 3