OT- Bitcoin
- Thread starter redwine65
- Start date
I'm taking the declared statements by the author at face value until they are proven to be false.
"On the 18th of August 2008, the domain name bitcoin.org was registered.[11] Later that year, on 31 October, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System[12] was posted to a cryptography mailing list.[13] This paper detailed methods of using a peer-to-peer network to generate what was described as "a system for electronic transactions without relying on trust".[14][15][16] On 3 January 2009, the bitcoin network came into existence with Satoshi Nakamoto mining the genesis block of bitcoin (block number 0), which had a reward of 50 bitcoins.[14][17] Embedded in the genesis block was the text:
that doesn't tell you anything about his/her/their motivations, just what they were trying to accomplish, not why they/them were trying to accomplish it. It's well known in bitcoin circles that it's actually better that no one really knows the inventor or their motivations, because everyone has been able to decide why they believe in it for themselves, instead of some author writing the story for you.
Who the hell do you think embedded that text? That Times reporter?
Times reporter: *Walks into room where Satoshi is mining the blockchains* "Yes Mr. Satoshi, please embed the title of my article. I mean for the editor of Times magazine, not me of course."
Mr. Satoshi: "I have no opinion on this matter, ask @redli you'll find him on the Rivals husker board."
Times reporter: "Pretty please with sprinkles on top?"
Mr. Satoshi: "Oh sure but just so I don't miss out on the front 9 with @redli he's buying the beers on the odd holes" "I actually have no opinion on currency at all, especially negativity, and I can't wait to arbitrarily make some serious friction in my life with some of the most powerful players on the planet. So, what the hell"
What would be the point? Couldn't they just bitcoin with their NIL money? It would be like asking for NIL in cars, clothes, and jewelry. Just buy it yourself.
Agree. It's not a good idea to have someone else conduct your crypto business and know your keys and passphrases. LOL
May as well give them your checking/savings/banking, stock/bond portfolio passwords while you're at it, along with all your answers to all the security questions.
IF......... BTC follows it's pattern, the cycle high would be Oct to Dec 2025. So, about a year from now.
The next cycle low will be about a year after the cycle high. So, the next low will be somewhere between September 2026 to March of 2027.
Having said all that BTC, and all other traded investment vehicles will go up and down, up and down, like they always do.
However, there are some factors that are unprecedented compared to last cycles which could affect things:
1. We have a crypto friendly President that was talking about not taxing BTC.
2. BTC ETF's are now a thing which opens up investment from the public at large through retirement accounts and not just the "crypto bros" gambling on a new tech
I took some profits. I think it flirts with 100, but who knows
I will be at least trimming mine soon here around 85k. I flirted with buying SOL on Friday as a saw it bouncing off a trendline and could rebound a lot more here but I am not in it. It is up 55% today
What that theory CANNOT take into account is the human factor. So, if we change laws regarding the asset for instance, 5.3 don't mean diddly squat. So, for instance if it was to be made illegal and its illegality enforceable, it wouldn't reach it's 5.3 factored peak or low. I would be 0, the end.
Like I posted in the above response to Tampa, there are a couple pretty important human factors that are going to factor into BTC's performance.
1. BTC is now contained in ETF's as options for investors from most large investment firms. Which then exposes BTC to more cash.
2. Donald Trump has spoken about making BTC profits tax exempt during his presidency, and since the cycle high is coming up next year, he'll have time to enact it if he does in fact go through with it. That is probably, given the track record of BTC, going to result in further investment.
Both of those thing would bring a boost in value to BTC not diminish it.
As you know Tampa, I don't predict the price point on anything, including precious metals, BTC and ETH. However, on Feb 12 of this year (9 months ago) I DID make price predictions to one of our board members, and frankly, at this point, my predictions from 9 monhts ago, look pretty damn good.
I don't have any more insight or knowledge than anyone else, I just am pretty good at adding the dots together with numbers.
I'm always hesitant to post what they are because the last thing I want to do is to sway anyone or give them a reason to move on something they've been contemplating already.
If you want me to tell you my price predictions, I will, knowing full well, as we all do, BTC has the ability to have giant moves up and down. It's a strange and volatile animal, and sometimes one thing economically or geopolitically can drive it up or down quickly.
The problem for many people is when it reaches the price it now is, it really does represent a "gamble" which costs more than just a few dollars to see if your opinion is right or wrong.
There has been a lot of talk from the incoming Administration that can make BTC act in a way that will be need to be understood before any concrete directions surface.
One thing I do know, and I told my forum buddy this, when and if, and it WILL reach 100K, then I am going to start to withdraw portions of a lot of the BTC holdings I have. At that price point, it would make me nervous to just keep holding and holding and holding when I know I can transfer that money into something I can hold in my hand and feel secure about it.
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Sold half BTC at 85,100. Bought in March 2023. Unrelated: I believe the market is getting ahead of itself and is due for a pullback soon. Looking for a spot soon to unload some of my TSLA shares. I knew it would be a nice red wave stock but I did not expect anything like this, what a run!
I always encourage anyone to do what they feel is in their best interest. We don't have to agree or disagree, or even have input, because it IS your money, right?
Should be none of my business.
It's very likely they will try to keep the wheels from falling off until the new candidate takes office so they can place it in his lap, when in reality, that blame should be from Obama and every CIC since that time with the rampant deficit and spending increases.
At my age, it isn't about making more or capitalizing more, its more a matter of maintaining what I already have in the safest way possible.
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My initial sell point was 80k BTC but that was before ETF's and Trump talking about tax exemption. That plan is still sound and the greedy thoughts are creeping in right now I gotta admit.
Also with a Pub entering office soon these are the times I buy guns. Sell them during a Dem term. I'll be looking out for guns to drop in price over the next 4. Then sell if a Dem takes the WH next term.
They hold value darn good. So if by chance we get another Pub in office it's not a big deal if you're wanting to diversify and you're sitting on too much cash.
AMMO too..
They hold value darn good. So if by chance we get another Pub in office it's not a big deal if you're wanting to diversify and you're sitting on too much cash.
AMMO too..
Not sure I understand this. Capital gains is capital gains regardless of who you go through, is it not? Meaning I bought for X, sold for Y. CG is basically Y-X. What does the exchange have to do with it?
That's so f'n American that I'm starting to get a little emotional. Merica!
I figured if you didn't know if crypto gains were taxed like other investment vehicles, then you haven't traded them before. Which would mean you wouldn't be familiar with crypto exchange fees either. So, I thought I'd give you a heads up.
My bad if I offered up too much information and it was confusing.
Not giving you advice here, but I would consider waiting until the new Admin is certified and in office before engaging in that. Not advice, just a suggestion, okay? There are reasons.
I'll be calling my guy today about setting up for the coming year. We won't be buying right away, but we'll be planning.
I suspect you and I are somewhat on the same page as to the reasons why I offered that suggestion.
I don't know that we need to elaborate though, do you?
Currently, the R's have 214 seats and need 4 more of the available 14 seats to control of that part.
I'm completely in the dark. But my guess is my guy knows what you're talking about if there is some kind of govt circle jerkin going on that you're referencing.
We don't really have the ability to explain what we might mean, and since this thread is almost 4 years old I don't want to do anything that would jeopardize this thread being shut down. There's been too much good pro/anti BTC talk to risk that.
I always encourage sklarr or any mods to simply delete my post, rather than remove so many good thoughts and comments the thread contains.
All working as planned. Expect bull to last through middle to late 2025.
Just follow global liquidity and start cashing out and taking profits as the chart starts forming a top
EDIT: best to be safer than sorry and plan taking % profits at key points.
I have bought, but never sold, so I have no realized gains or losses yet.
Whoever formed this theory is an idiot. Probably tries to time everything with TA. If you find a videos, etc from folks who do this on YouTube, unfollow.
Find folks like Asymetrix and Real Vision who follow macro well to form your plan for this bull. 98% of the people, especially if they are only crypto, have no fing idea what they are talking about and basically guessing.
If you get the macro right, you will get the crypto right.
I wonder if this site falls under Section 230 regarding social media. If a social media site enjoys certain government allowances such as YouTube to allow posted content from other producers like movies, games, ect without proper licensing they cannot prevent free speech of its users.
This is going to happen soon. Not sure if this particular site falls under Section 230 but if so, they are going to be in trouble for putting people in timeout pretty soon......if the people who have been put in timeout want to pursue it.
Again not sure if this site falls under section 230 though.
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