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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 9718. (Read 26611006 times)

legendary
Activity: 2422
Merit: 1191
Privacy Servers. Since 2009.
Interesting if say LFC or Mic would sell all their btc now (hypothetically) and convert it to silver where would they keep all that silver? They would probably need a separate room at the very least. Maybe even a separate building or keep it in a bank vault?  Grin

I just googled, silver in the UK seems to be £420 ish for 1KG so yeah I think all of us would need a large space to convert our HODL stash into silver.

It’s be a lot easier to keep physical gold at £37,000 per kilo.

I won’t lie, there is something mesmerising about physical gold. I can imagine walking into a room stacked high with physical gold bars & being amazed.

I much prefer my chances of immense wealth through bitcoin though.

I can imagine expression on a burglar's face when he would enter such a gold-filled room
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Interesting if say LFC or Mic would sell all their btc now (hypothetically) and convert it to silver where would they keep all that silver? They would probably need a separate room at the very least. Maybe even a separate building or keep it in a bank vault?  Grin

I just googled, silver in the UK seems to be £420 ish for 1KG so yeah I think all of us would need a large space to convert our HODL stash into silver.

It’s be a lot easier to keep physical gold at £37,000 per kilo.

I won’t lie, there is something mesmerising about physical gold. I can imagine walking into a room stacked high with physical gold bars & being amazed.

I much prefer my chances of immense wealth through bitcoin though.
sr. member
Activity: 719
Merit: 388
Don't need a run of 2011-2014 for BTC to go until 100K$+

Don't need a run like 2015-2017 neither.

That's kind of my point...

On January 1st, 2011 the price of BTC was $0.30
On January 1st, 2014 the price of BTC was $747

That's a 2,490x gain.

If BTC did that from now over the next 3 years, that would make it about $24.4 million a coin by 7/26/2022.

Don't think any of us are holding out for that type of gain!

The alts Bubble's/run will happen again, till we will stay in a early adoption/stage (and until some projects will be definitely dead).




I'm not so sure it will. Some alts will be carried by their own merit and ability to prove themselves as penetrating mainstream adoption, but we definitely won't have a situation like 2017 where any old shitcoin, coins like CLAMS and TIT, are skyrocketing thousands of percent.


CLAMS is a very bad example because 80/90% of the tokens are owned by the team..

I don't think as well that ALL shitcoins will grow 1 000% or 10 000% during the next alts bubble, but some of them probably.

legendary
Activity: 2380
Merit: 17063
Fully fledged Merit Cycler - Golden Feather 22-23
A message of hope from @100TrillionUSd:

https://twitter.com/100trillionUSD/status/1154712314995781634?s=20

Quote
#bitcoin bull markets seem to start at difficulty bottoms.

We saw difficulty bottoms (miner capitulation) in Dec 2011 ($4.6), May 2015 ($230) and Dec 2018 ($3691). Price continues to rise from these bottoms until ATH around 100x .. implying a continuing uptrend until $370K ATH.

legendary
Activity: 3010
Merit: 8114
Don't need a run of 2011-2014 for BTC to go until 100K$+

Don't need a run like 2015-2017 neither.

That's kind of my point...

On January 1st, 2011 the price of BTC was $0.30
On January 1st, 2014 the price of BTC was $747

That's a 2,490x gain.

If BTC did that from now over the next 3 years, that would make it about $24.4 million a coin by 7/26/2022.

Don't think any of us are holding out for that type of gain!

The alts Bubble's/run will happen again, till we will stay in a early adoption/stage (and until some projects will be definitely dead).

I'm not so sure it will. Some alts will be carried by their own merit and ability to prove themselves as penetrating mainstream adoption, but we definitely won't have a situation like 2017 where any old shitcoin, coins like CLAMS and TIT, are skyrocketing thousands of percent.
legendary
Activity: 2422
Merit: 1191
Privacy Servers. Since 2009.
Interesting if say LFC or Mic would sell all their btc now (hypothetically) and convert it to silver where would they keep all that silver? They would probably need a separate room at the very least. Maybe even a separate building or keep it in a bank vault?  Grin

Cashing out or relocation would then require a semi truck to carry out  Grin
sr. member
Activity: 924
Merit: 311
#TheGoyimKnow
Disregard shitcoins.  Acquire physical silver.
I am afraid of the weight 🤪

Disregard Vitalik aesthetics.
legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o
Disregard shitcoins.  Acquire physical silver.
I am afraid of the weight 🤪
sr. member
Activity: 719
Merit: 388
I have seen so many people get introduced to Bitcoin and then blow up on shitcoins it’s not funny.

Bitcoin maximalist survivors have to be 5%. 

I made and lost a pretty decent fortune on shitcoins... I sold my NEM stake at a 10x profit when I really should have held out for a 500x profit. Then I've lost wallets containing what is now the equivalent of ~$100k in various altcoins. I can look up my addresses and see the balances just sitting there, mocking me for not making additional backups.

Most recently, I had my laptop stolen, which contained about $50k worth of various coins. I made backups of the private keys on a USB, but at the time the USB was in the laptop case, which was also stolen, so... Kind of knocked the wind out of my sails coins-wise.

I'm pretty certain that the altcoin run from 2015-2018 will never happen again, just as the bitcoin run from 2011 to 2014 will never happen again.


Don't need a run of 2011-2014 for BTC to go until 100K$+

Don't need a run like 2015-2017 neither.


For the Alts, It is a different story.

But if you think that BTC will go above 20K$ (ATH), then the discovery price can be anything from 50 to 200K++ before big correction.

The alts Bubble's/run will happen again, till we will stay in a early adoption/stage (and until some projects will be definitely dead). OR you think that BTC will go and stay at 90%+ dominance, but I have really doubt about this.




legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o
sr. member
Activity: 924
Merit: 311
#TheGoyimKnow
Disregard shitcoins.  Acquire physical silver.
hero member
Activity: 1204
Merit: 755
Homo Sapiens Bitcoinerthalensis
So is r0achie, he's a hodler/miner/trader you know. Grin

Never mind his daily FUD job.
legendary
Activity: 2716
Merit: 13505
BTC + Crossfit, living life.
I sold my NEM stake at a 10x profit when I really should have held out for a 500x profit

A coin that is used for absolutely nothing - just like all craptocurrencies - and it's market cap is $600 million dollars with a buy side of 19 BTC.  That's how you can easily tell digital tardcoins are still in an enormous bubble.  After the bubble implodes, it will either have no buy side at all, or the same 19 BTC buy side, just at a market cap of like $6 million or less.  Will BTC also lose two zeros?  Tune in to find out!

More likely to gain a few zero’s and believe me i’m tuned in Cheesy
sr. member
Activity: 924
Merit: 311
#TheGoyimKnow
I sold my NEM stake at a 10x profit when I really should have held out for a 500x profit

A coin that is used for absolutely nothing - just like all craptocurrencies - and it's market cap is $600 million dollars with a buy side of 19 BTC.  That's how you can easily tell digital tardcoins are still in an enormous bubble.  After the bubble implodes, it will either have no buy side at all, or the same 19 BTC buy side, just at a market cap of like $6 million or less.  Will BTC also lose two zeros?  Tune in to find out!
sr. member
Activity: 924
Merit: 311
#TheGoyimKnow
I have seen so many people get introduced to Bitcoin and then blow up on shitcoins it’s not funny.  

It's because there's no basis for any type of price floor or fair value for any imaginary, valueless, digital token besides $0, so their buy in time always has an enormous chance of failure.  The only thing setting Bitcoin apart would be a pseudo, temporary, sunk cost fallacy price floor provided by the hardware and production cost of the centralized ASIC monopolies.  GPUs are migratory and can always leave to a different coin, but the centralized ASIC monopolies are mostly stuck to a particular one.  

The ASIC cartel monopolies are then 'on your team' so to speak, always trying to rig the price as high as possible to gouge as many people as possible, and to prevent it from going below their cost of production and blowing up their monopoly business.  As you can see, the complete centralization of Bitcoin into a monopoly cartel is one of the main reasons for it's high price.  It has zero fundamentals due to the centralization and will eventually implode to nothingness because of it, but in the short term it was beneficial to price (manipulation).  
legendary
Activity: 3556
Merit: 9709
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While a VIX index for Bitcoin is intellectually interesting, I’m not touching that with a 10 foot punting pole

FTFY
legendary
Activity: 2380
Merit: 17063
Fully fledged Merit Cycler - Golden Feather 22-23
WO brothers .... I have been busy this evening....

Went after poker to Amsterdam and have met with 5 forum members (more collectible section guys)

Have been with mitchell, yogg, minifrij, micromen, chronicsky ..... awesome Guys

We drunk and played Some drinking games.... pity I was late and most fly out tomorrow, calling the night little early.... but still i’m drunk



Pretty cool mic, but could you explain the significance of your zero bitcoin note there? I think it has to do with an inside joke we're not privvy to.

Worthless fiat ?


It's a worthless crypto/fiat entanglement.
But alas, beautiful.
legendary
Activity: 2702
Merit: 2053
Free spirit
WO brothers .... I have been busy this evening....

Went after poker to Amsterdam and have met with 5 forum members (more collectible section guys)

Have been with mitchell, yogg, minifrij, micromen, chronicsky ..... awesome Guys

We drunk and played Some drinking games.... pity I was late and most fly out tomorrow, calling the night little early.... but still i’m drunk



Pretty cool mic, but could you explain the significance of your zero bitcoin note there? I think it has to do with an inside joke we're not privvy to.

Worthless fiat ?

legendary
Activity: 3276
Merit: 2442
I have seen so many people get introduced to Bitcoin and then blow up on shitcoins it’s not funny.

Bitcoin maximalist survivors have to be 5%.  

Come to think of it, my mind works exactly the opposite.

I always tend to hodl the safer assets.*

Most people see bitcoin as a (very) risky asset and that was also my angle for a few years but when I realized It is not as risky as I thought, then I started buying.

Now I am staying away from alts because I think they are risky against btc. So far I am glad did.

Somewhere in 2017 this guy invested $10k in alts and it went to a fckn million.
https://bitcointalksearch.org/topic/turn-10000-into-1-million-1936239
https://www.cryptocompare.com/portfolio-public/?id=120643

I was jelly af at that time, now that $10k is $56k. Still a decent amount for the risk he took if you ask me.

sidenote: That's also interesting I created my 20k topic 2 days before him.
https://bitcointalksearch.org/topic/we-did-it-it-is-20k-we-are-still-not-in-a-bubble-20k-is-incoming-1932892

It is like many people felt what was about to come.

*That's a habit I obtained over the years probably. As a working man I know how hard it is to make money by working so I am prety conservative when I am making new investments.
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
I have seen so many people get introduced to Bitcoin and then blow up on shitcoins it’s not funny.

Bitcoin maximalist survivors have to be 5%. 
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