So back in 2019 one of my kids mowed the lawn and I was able to talk them into taking their pay in BTC. At the time it was worth about $25. (The deal was $20 in USD, or $25 in BTC).
They are an adult now and going on a trip. And might need some extra cash.
They inquired about their corn. I looked it up. Today it is worth $535. Congrats on your 21x I told them.
Hoping not much gets cashed out... but who am I to tell them what to do with their money?
Learning to hold or to let it build up would not come naturally. It seems getting them to either earn BTC regularly and/or to buy BTC and stack it aside are good habits, yet young people frequently need money, so it can be difficult not to spend it, unless the young person has some kind of a regular income.
Is this entering euphoria?
Not yet.
this is escalating pretty quickly....
It might be just the noise before the US starts the real race when adding BTC to their treasury...
Imagine the US makes a kind of Saylor move and starts balancing their finances that way ...and other countries have to follow!
IMO we have seen nothing yet... don't sell too quickly, the next years are going to be wild...
Part of the dilemma that the USA ends up facing is that their announcing their intentions will likely trigger other countries to attempt to front run, so even if there was not an intention to add BTC to the treasury (reserves), the other countries engaging in such conduct could well end up causing the need to actually fulfill the campaign promise.
Well this is pretty special. Congrats brethren. What follows Gentlemen? Is there even a word for it?
asking the important questions
At first I thought like the namesake thread title.. ... something like "wealthy elite gentlemen"
Just adds more..
but then I recall that within this thread we batted around concept of what it might mean to be rich (that is the lower status) versus filthy rich... so filthy rich is not a very great title, but it still might fit at least as a descriptor.
Guess I'll have to unplug for a few days more often!
Oh? Are you the cause of this?
Thank you very, very much.
mmmmmmmuuuuaaaaacccchhhh.
#nohoomoI've read it all,you'll are lucky to adopt early,some smart because it takes some level of commitment not to sell since all this while, what can we the late adoptors say. Anyways we aren't late for the party either,we might not have plenty of time to stack but glad we are part of the family.
Probably action is better than saying anything, and I doubt that you are late adopters. You are just a bit later than some of the folks who came earlier than you.
What you should do is get the fuck started as soon as possible and start buying regularly and otherwise study the space, then in 4-10 years or later, you will probably be in a very good place both financially and psychologically, even though it is not guaranteed that you will be in a good place, but at least bitcoin is amongst the best of investments if not the best investment, so it likely would be worth your time to figure it out so you are not whining and envious but instead proactive and building your stack as well as you can within your own abilities.
I don't hold any precious metals even though I kind of like the idea, however I don't get silver. It's nice and all but not nearly valuable/rare enough to make sense as a store of value. And of course it's also, for the same reason, impractical. Stashing away some gold coins is easy, including on ones person. Doing the same with silver, that's another story.
No reason to fuck around with either silver or gold, especially when you have bitcoin staring you in the face.
No wonder you got distracted into other kinds of investments.
You seem unable to stay focused.. ...
Protip: remember there is only one king daddy. Keep your eyes on the prize.
#justsaying
You've been right a lot, sir.
Well thanks. I doubt that I am very much more right than anyone else, except maybe that any of us who are largely attempting to stay directionally biased end up someone getting it right because we are erroring in the side of either accumulating BTC or at least holding when in doubt, and I frequently have stated that the way that I do bitcoin sales on the way up is merely just small amounts that attempt to provide insurance in the case that BTC prices end up going down instead of up..
So in practicality instead of compounding 1x every time that the BTC price doubles I add on something in the ball park of 95%, since the BTC price can almost never completely go straight up.
I don't have exact numbers and the numbers change from time to time, yet I still proclaim that I am mostly hanging onto an overwhelming majority of my coins.. and my problems still end up being figuring out ways to make sure that I spend coins. I do have some help trying to spend coins, yet sometimes even just spending coins can have some frustrations.. which surely I can see why maybe sometimes it might feel better to just cash out a certain amount and then just get an income off of it, well to the extent that I am spending the cash versus if I find someone else to spend the cash, if I might consider that the someone else should receive the paid amount.
And about this too.
It's definitely bat country.
And there's no turning back from here.
That is another dilemma.. since it seems that getting somewhat close to $100k creates a bit of an almost inevitable magnetism to at least reach and to test $100k.. yet I frequently get too nervous to count chickens before they hatch, yet each of us have likely already experienced these kinds of price discovery moments where the least (or is it the most pain for those continuing to place their shorts) is up, and so shorts continue to get reckt.. but sooner or later the buy momentum can no longer keep up, so we end up retracing, and surely I am not one of those who believes that we have to retrace everything or even close to everything, and bitcoin has reckt a quite a few number of folks who had concluded that there is a need to retrace back to previous ATHs or whatever random price point that is proclaimed to be "in need" of retesting, and we have witnessed that there are a lot of reckt folks who had subscribed to that kind of nonsense over the years.
Surely in the past Richy_T had programed chartbuddy with three exchanges,
Yes. I almost commented something on this myself. I don't really recall why I discontinued the others. I think coinbase did something odd with their API and bitfinex got into some shady dealings for a while? (And I still think tether is bad mojo) I'd really have to look back through the thread to be sure though.
I recall that there were technical difficulties keeping three up, and there were also some complaints about anything other than Bitstamp, yet if you were to put up one or two other BTC price references, I doubt that anyone would complain too much about having any additional references besides Bitstamp.. even though we still might want to refer to just bitstamp as the main reference if we are describing highs and lows and to make sure members are on the same page in regards to their references....
I suppose if there were some other references within chartbuddy, then maybe we might see if there is any price variance between bitstamp and what ever other references that you end up putting up that is worth talking about.
Some of the exchanges do have tricky practices to play around with leverage or even histories of manipulating prices, but if they are more or less showing some similar BTC prices as is bitstamp, then it probably does not hurt to have more than one possible BTC price reference, especially if bitstamp were to get out of sync with the other exchanges.
More work for you, yet I doubt anyone is going to complain if you are willing to do the extra work to figure out which exchange (s) might be reasonable as another reference - so long as you don't end up choosing price references that are totally non-representative or seeming to give inaccurate or misleading BTC prices.. then it would just be up to you if you want to find something that you can make that actually works.
Biggest daily candle.
What's stopping us for the next one to be $10k, from $90k to $100k?
Surely BTC price moves also overlap the strict daily candles, so it could be interesting to see the 3 day candles and the weekly candles... but yeah, still interesting information even though they might not sometimes catch the magnitude if we account for the overlap.
