....
touching.
But wtf does that have to do with the price of eggs in Czechoslovakia?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6694. (Read 26717345 times)
December 01, 2020, 07:17:02 PM
touching.
But wtf does that have to do with the price of eggs in Czechoslovakia?
December 01, 2020, 07:13:48 PM
An alternative scenario for bitcoin moves (contrarian, low probability):
1. Really big money (PTB) wants a discount on bitcoin. PTJ bought at 4-5K and they would like to do it too.
2. They "manufacture" a downtrend back to 4-5K (using FUD, policy changes, etc.).
3. After they truly load up (taking btc from the retail and long hodlers who cannot take it anymore), the sharp uptrend resumes to the expected highs (100K-500K).
4. Between now and the summer of 2021 would be a time to do it if they care to do it at all.
Historical perspective: something like this happened on the US stock market with a double hump of 2000 and 2007-2008, then double dip in 2001-2003 and 2007-2009, respectively.
Probability: 10-20%, but if it happens, Bob would look like a genius
1. Really big money (PTB) wants a discount on bitcoin. PTJ bought at 4-5K and they would like to do it too.
2. They "manufacture" a downtrend back to 4-5K (using FUD, policy changes, etc.).
3. After they truly load up (taking btc from the retail and long hodlers who cannot take it anymore), the sharp uptrend resumes to the expected highs (100K-500K).
4. Between now and the summer of 2021 would be a time to do it if they care to do it at all.
Historical perspective: something like this happened on the US stock market with a double hump of 2000 and 2007-2008, then double dip in 2001-2003 and 2007-2009, respectively.
Probability: 10-20%, but if it happens, Bob would look like a genius
December 01, 2020, 05:55:56 PM
https://www.youtube.com/watch?v=ClrBvARdKX8
Anyone remember this Legend ?
Only TV Person i shed a tear for ever...
R.I.P John Schnabel
Anyone remember this Legend ?
Only TV Person i shed a tear for ever...
R.I.P John Schnabel
December 01, 2020, 05:32:21 PM
snip
I guess my point is that sometimes it is nice to treat yourself, especially if you have already invested for a long time and also engaged in frugality for a long time and delayed gratification.
By the way, I do know some older people (for OPsec reasons) I won't mention relations who likely do not have a lot of years left in them, but they still live nearly as frugal as they did when they were in their 20s, 30s and 40s.. and at some point, it seems that these more elderly people should be living it up a bit more.. just thinking out loud.. but sure, each person has to decide those spending, versus investing, versus consumption points versus frugality for themselves, and sure I agree that sometimes it can feel pretty good to get a value meal.. or to save $10 by eating a round steak rather than a T-bone.. but sometimes it is also better to live it up a bit on some luxury goods, whether we are talking about hookers, lambos and blow or some other luxury goods.
And that is correct, you will see that I am against both extremes, blowing up your money as soon as you got it in stuff you do not need or want is simply a mistake, but medium maximization, or to put it in other words, confusing the means with the end and focusing in making money for money’s sake instead of focusing in what you can do with that money to improve your life is a mistake too.I guess my point is that sometimes it is nice to treat yourself, especially if you have already invested for a long time and also engaged in frugality for a long time and delayed gratification.
By the way, I do know some older people (for OPsec reasons) I won't mention relations who likely do not have a lot of years left in them, but they still live nearly as frugal as they did when they were in their 20s, 30s and 40s.. and at some point, it seems that these more elderly people should be living it up a bit more.. just thinking out loud.. but sure, each person has to decide those spending, versus investing, versus consumption points versus frugality for themselves, and sure I agree that sometimes it can feel pretty good to get a value meal.. or to save $10 by eating a round steak rather than a T-bone.. but sometimes it is also better to live it up a bit on some luxury goods, whether we are talking about hookers, lambos and blow or some other luxury goods.
We need to find something in the middle of that, in short we need to find some sort of Goldilocks principle in our lives that allows us to reach happiness and at the same time to have enough wealth without having to go through both of those extremes.
December 01, 2020, 05:31:22 PM
How much do hodlers hold? how much will they redistribute? In 2013 Plans to bank/fund/invest $xx000000 seemed prudent. Now, every day going forward reduces the $assets I want to hold: A very modest fund for living expenses, and whatever hard assets (personal real estate, working farms, profitable businesses etc) I want while exchange rate is favorable. The world we live in is changing faster than most can see or grasp. Hodling more, longer, is going to be more popular as we go, IMO.
I really only have one thought that gives me pause when I consider the idea that I just wait 'till I can simply live off my stack (morpheus.png).
Let's say corn goes to 300k, but I do not sell any because of the above. It probably happens fairly quickly, and governments may be temporarily stunned. But then they are looking for ways to get their piece of the pie and create laws that tax bitcoin more heavily, or claw some of it away.
In that scenario I would be disappointed that I had not sold at least a small nestegg's worth during the "governments are stunned" phase.
And if I DO do this, and governments do not try to do draconian measures, I would not be disappointed in hedging that bet a little. So there is a good chance I do this, at whatever is my actual nestegg price. Lol 300k. Thing is I do not want to trade good money for bad. But to trade good money for good land? I could see that.
On the other hand the further we go the harder it will be for governments to do this. Maybe?
December 01, 2020, 05:23:08 PM
Aricebo..damn shame about that. 
A new big one on the dark side of the Moon in a crater might be a good idea. Perhaps getting a telescope up above the plane of the ecliptic so we can look 'down' at our whole orbit around the Sun might not be a bad idea either.
A new big one on the dark side of the Moon in a crater might be a good idea. Perhaps getting a telescope up above the plane of the ecliptic so we can look 'down' at our whole orbit around the Sun might not be a bad idea either.
December 01, 2020, 05:22:50 PM
Merited for the sadness.
But as they say... this too shall pass. 
December 01, 2020, 05:21:37 PM
All this talk of the search for happiness, reminds me of the Buddhist concept of grasping being the source of unhappiness.
Happiness, if found, will always be temporary. You can buy the new car and you'll be happy for a while, until you then want the new boat, which itself will make you happy for a while, until you want the helicopter, then the airplane, ad infinitum. The search for permanent happiness will always be endless. Instead, Buddhism (well, some of its schools) would suggest that contentedness, rather than happiness, should be the goal.
Be content with what you have. Which doesn't mean that you shouldn't try to improve your situation and that of others, but that you should be content with whatever outcome arrives.
The whole "happiness" industry has just become so "Americanised" (or maybe "Californianised") to have simply become an industry of easily digested and poorly written books and websites. It's saddening, when there is potentially so much more to be learned here.
Ignoring the mention of God, I quite liked a passage in Obama's newly released "A Promised Land":
"The truth is, I've never been a big believer in destiny. I worry that it encourages resignation in the down-and-out and complacency among the powerful. I suspect that God's plan, whatever it is, works on a scale too large to admit our mortal tribulations; that in a single lifetime, accidents and happenstance determine more than we care to admit; and that the best we can do is to try to align ourselves with what we feel is right and construct some meaning out of our confusion, and with grace and nerve play at each moment the hand that we're dealt."
Happiness, if found, will always be temporary. You can buy the new car and you'll be happy for a while, until you then want the new boat, which itself will make you happy for a while, until you want the helicopter, then the airplane, ad infinitum. The search for permanent happiness will always be endless. Instead, Buddhism (well, some of its schools) would suggest that contentedness, rather than happiness, should be the goal.
Be content with what you have. Which doesn't mean that you shouldn't try to improve your situation and that of others, but that you should be content with whatever outcome arrives.
The whole "happiness" industry has just become so "Americanised" (or maybe "Californianised") to have simply become an industry of easily digested and poorly written books and websites. It's saddening, when there is potentially so much more to be learned here.
Ignoring the mention of God, I quite liked a passage in Obama's newly released "A Promised Land":
"The truth is, I've never been a big believer in destiny. I worry that it encourages resignation in the down-and-out and complacency among the powerful. I suspect that God's plan, whatever it is, works on a scale too large to admit our mortal tribulations; that in a single lifetime, accidents and happenstance determine more than we care to admit; and that the best we can do is to try to align ourselves with what we feel is right and construct some meaning out of our confusion, and with grace and nerve play at each moment the hand that we're dealt."
December 01, 2020, 05:18:41 PM
Don't forget what Hal Finney predicted more than ten years ago, or rather his napkin math calculation. (TLDR = $10m USD / BTC) Still, that's going to take a few more years (perhaps another decade.)
I came to $3M / BTC after a quick calculation (roughly $60 Trillion divided by 21 million) while pondering the idea of GBTC buying more BTC daily than mined daily. On the latter: if that's the case and we are truly in a new phase where there is relentless and relatively price agnostic buying on a continued basis above daily coin production, the question is simply:
=> at what point are HOLDlers willing to start parting with their coins?
I don't know how I could gauge that or make an educated guess on where that level would be. My gut reaction would be that $50k would make a few large holdlers nervous and that $100k can be expected to be a big 'cash out' (=redistribute) moment.
If anyone has a better scientific approach to this, let that person step forward.
It is the ultimate marshmallow challenge. Many of us have lowered our time preference so much we are just not going to let go of much even when it does go up quite a bit.
For me personally the formula revolves around comfortable retirement and a little diversification into property. I just don't want to spend much money on stupid shit, or even living large. And I am acutely aware that the longer I wait the more I will be left with in the end.
That is where the real crux is, in my opinion. Where that point is for each whale/minnow.
How much do hodlers hold? how much will they redistribute? In 2013 Plans to bank/fund/invest $xx000000 seemed prudent. Now, every day going forward reduces the $assets I want to hold: A very modest fund for living expenses, and whatever hard assets (personal real estate, working farms, profitable businesses etc) I want while exchange rate is favorable. The world we live in is changing faster than most can see or grasp. Hodling more, longer, is going to be more popular as we go, IMO.
_______________________________________________________________________________ _______
t is the ultimate marshmallow challenge. Many of us have lowered our time preference so much we are just not going to let go of much even when it does go up quite a bit.
For me personally the formula revolves around comfortable retirement and a little diversification into property. I just don't want to spend much money on stupid shit, or even living large. And I am acutely aware that the longer I wait the more I will be left with in the end.
That is where the real crux is, in my opinion. Where that point is for each whale/minnow.
For me personally the formula revolves around comfortable retirement and a little diversification into property. I just don't want to spend much money on stupid shit, or even living large. And I am acutely aware that the longer I wait the more I will be left with in the end.
That is where the real crux is, in my opinion. Where that point is for each whale/minnow.
You sir, are very wise.
Anyone not following a similar recommendation/approach is going to end up with massive regrets before they die.
I see so many here joking about blowing their bitcoin "winnings" on fancy cars, frivolous shit and such, and inwardly I know some of them aren't really joking.
What you don't know, is what they hold. What some consider a life changing amount is mere dust to others. Talk is cheap.
_______________________________________________________________________________ _____
It was just about this point in the last cycle that we were hoping to breech 1k again. Just 4 years ago. Actually less.
Later in the last cycle 1k CANDLES we a thing.
In this cycle we are looking to breech 20k this time.
Can you imagine 20k candles?
Later in the last cycle 1k CANDLES we a thing.
In this cycle we are looking to breech 20k this time.
Can you imagine 20k candles?
YES.
_______________________________________________________________________________ __________
Thanks, gembitz, I haven't seen the dancing banana.gif for a while
December 01, 2020, 05:18:38 PM
December 01, 2020, 05:11:30 PM
It was just about this point in the last cycle that we were hoping to breech 1k again. Just 4 years ago. Actually less.
Later in the last cycle 1k CANDLES we a thing.
In this cycle we are looking to breech 20k this time.
Can you imagine 20k candles?
Later in the last cycle 1k CANDLES we a thing.
In this cycle we are looking to breech 20k this time.
Can you imagine 20k candles?
/\BTC x 10 bagger ===> 100k - 200k easy
hodl gentlemenCrazy prediction man. Can you imagine the alt pump
With that much liquidity in crypto?
Posted the appropriate link already: https://bitcointalksearch.org/topic/m.55725190
December 01, 2020, 05:07:22 PM
Can you imagine the alt pump
With that much liquidity in crypto?
With that much liquidity in crypto?
In this thread that's simply
Not what we do here.
December 01, 2020, 05:03:59 PM
It was just about this point in the last cycle that we were hoping to breech 1k again. Just 4 years ago. Actually less.
Later in the last cycle 1k CANDLES we a thing.
In this cycle we are looking to breech 20k this time.
Can you imagine 20k candles?
Later in the last cycle 1k CANDLES we a thing.
In this cycle we are looking to breech 20k this time.
Can you imagine 20k candles?
/\BTC x 10 bagger ===> 100k - 200k easy
hodl gentlemenCrazy prediction man. Can you imagine the alt pump
With that much liquidity in crypto?
December 01, 2020, 04:53:48 PM
December 01, 2020, 04:53:05 PM
Because drawing triangles on 15m candles makes so much sense. Also the volume is very sad...
December 01, 2020, 04:49:59 PM
Just received this email from Kraken:
Quote
Hi {my first name},
A $250,000 Bitcoin in 2021?
Excitement is in the air, prices recently hit all-time highs and our latest Kraken VIP sentiment survey reflects the many ways professionals are thinking about how the cryptocurrency sector might evolve in the year ahead.
In the new survey, Kraken VIPs – a diverse mix of brokers, custodians, family offices, hedge funds, market makers, miners and traders – share their insight into the state of the market heading into 2021 for any investor seeking an edge.
Indeed, while prominent funds and investors like Michael Saylor and Paul Tudor Jones have made bullish bets on bitcoin in recent months, that’s not all that is exciting our VIPs.
By downloading Kraken Intelligence’s latest report, you’ll gain insights into their preferred price targets, investment convictions and general sentiment on the state of the market.
We explore:
[... removed altcoin talk ...]
Optimism Ahead – Institutional adoption is driving bullish sentiment. Nearly 70% of our respondents believe we are now in a bull market and believe that innovation and positive regulation will boost their investments in 2021.
Price Targets – Our VIPs offered bullish forecasts for bitcoin and ethereum in 2021, with high-end estimates for their price appreciations topping $250,000 and $15,010, respectively. Respondents are optimistic that next year both cryptocurrencies will provide at least 175% returns from October prices.
[... removed DEFI talk ...]
[Download Our Full Survey Here]
A $250,000 Bitcoin in 2021?
Excitement is in the air, prices recently hit all-time highs and our latest Kraken VIP sentiment survey reflects the many ways professionals are thinking about how the cryptocurrency sector might evolve in the year ahead.
In the new survey, Kraken VIPs – a diverse mix of brokers, custodians, family offices, hedge funds, market makers, miners and traders – share their insight into the state of the market heading into 2021 for any investor seeking an edge.
Indeed, while prominent funds and investors like Michael Saylor and Paul Tudor Jones have made bullish bets on bitcoin in recent months, that’s not all that is exciting our VIPs.
By downloading Kraken Intelligence’s latest report, you’ll gain insights into their preferred price targets, investment convictions and general sentiment on the state of the market.
We explore:
[... removed altcoin talk ...]
Optimism Ahead – Institutional adoption is driving bullish sentiment. Nearly 70% of our respondents believe we are now in a bull market and believe that innovation and positive regulation will boost their investments in 2021.
Price Targets – Our VIPs offered bullish forecasts for bitcoin and ethereum in 2021, with high-end estimates for their price appreciations topping $250,000 and $15,010, respectively. Respondents are optimistic that next year both cryptocurrencies will provide at least 175% returns from October prices.
[... removed DEFI talk ...]
[Download Our Full Survey Here]
December 01, 2020, 04:35:47 PM
It was just about this point in the last cycle that we were hoping to breech 1k again. Just 4 years ago. Actually less.
Later in the last cycle 1k CANDLES we a thing.
In this cycle we are looking to breech 20k this time.
Can you imagine 20k candles?
Later in the last cycle 1k CANDLES we a thing.
In this cycle we are looking to breech 20k this time.
Can you imagine 20k candles?
/\BTC x 10 bagger ===> 100k - 200k easy
hodl gentlemen December 01, 2020, 04:33:52 PM
I take as default scenario that Bitcoin will longer around these levels for a while while indicators cool off a bit. And then, after a few weeks of rest and pounding the bottom range, a decisive break upwards.
That does not mean that ATH won’t be breached in the meantime.
I am saying so because from a technical perspective the momentum indicators are starting to show fatigue.
But on the other hand: Bitcoin tends to surprise us. Big Time
That does not mean that ATH won’t be breached in the meantime.
I am saying so because from a technical perspective the momentum indicators are starting to show fatigue.
But on the other hand: Bitcoin tends to surprise us. Big Time
December 01, 2020, 04:29:40 PM
It was just about this point in the last cycle that we were hoping to breech 1k again. Just 4 years ago. Actually less.
Later in the last cycle 1k CANDLES we a thing.
In this cycle we are looking to breech 20k this time.
Can you imagine 20k candles?
Later in the last cycle 1k CANDLES we a thing.
In this cycle we are looking to breech 20k this time.
Can you imagine 20k candles?
December 01, 2020, 04:27:26 PM
BITCRON HAZ LEGZZZ TO 50K!!Kaboom!!:-D weee
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