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BufferBear Bitcoin Bull

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    The Bubbly Bitcoin Thread -- Merged Threads

    in House prices and the economy

    Posted · Edited by Buffer Bear

    On 09/11/2023 at 02:42, dannyf said:

    $36.5k. The trolls should be arriving soon

    They just can't accept it can they?

    On 09/11/2023 at 12:13, MonsieurCopperCrutch said:

    $36.5k a Bitcoin is still insanely cheap.

    Agreed! 

    On 09/11/2023 at 18:09, longgone said:

    🤪 you said the same chite at 60k 

     

     

    This demonstrates a lack of knowledge. Anyone who has undertaken a decent amount of research would understand this.

    On 09/11/2023 at 23:39, scottbeard said:

    Lol - considerable luck in that!  The main point for resurrecting this is to remind people that there was a lot of talk just 18 months ago about Bitcoin falling to virtually nothing, and having "no chance" of being above $20k, yet as a concept it clearly has a LOT more time to run.

    The next two years will melt brains...

    ETF

    Halvening

    FASB

    QE

    On 10/11/2023 at 00:40, MonsieurCopperCrutch said:

    That’s because Bitcoin sub £500,000 is fckin cheap. Can’t believe that there are clowns on here who know about Bitcoin and want to bet against Mathematics through their own ignorance. 🤣🤣🤣🤣

    We know what we own.

    On 10/11/2023 at 00:48, MonsieurCopperCrutch said:

    It’s not luck. It’s comprehension. 

    💯

    On 10/11/2023 at 00:55, dannyf said:

    Haha, thanks for this post. Brilliant stuff.  I’m bookmarking it for when the nocoiner trolls return

    They are missing the opportunity of a lifetime to create generational wealth.  Ego for many acts as an obstacle to openmindedness.  Very sad when I think about this...Everyone, please at least put in the PoW before writing off bitcoin.  It is an asset that will protect your families on the overside.  Listen to Jeff Booth podcasts.  He is so calm, empathic and a technologist.  He truly gets it and his thesis is compelling as is Saylor's.

    If you do not have time to research, just get off zero and buy a small amount, maybe 1% of your wealth.  The asymmetry of this asset is mind-blowing so there is no need to pile in if you feel it is a risky asset.  To me, bitcoin is the least risky asset out there.  It is programmed to act as a store of value and is deflationary against fiat.  Go here.

    On 11/11/2023 at 15:44, markyh said:

    A few of us sold six figures in 2021, cleared mortgages and paid big sums to HMRC, the clever ones didn't sell 100% of their stack. 

    🫡

    On 11/11/2023 at 18:41, dannyf said:

    Timing the market is not as easy as you make it sound. You got lucky but think you’re a genius. Did you remortgage your house and put everything in bitcoin at the lows? No, because there is no certainty, only risk and reward.

    Could ****HAVE****

    @jiltedjen returned I see to rewrite history as if he were a genius and to gloat.  Do you also remember the gloating at your 'success'? The OGs on here, knew what they were doing by hodling and I listened closely to their experience/knowledge and then researched my backside off based on their encouragement, specifically @MonsieurCopperCrutch@markyh I can never thank them enough for their early guidance.  My last three last 3 years or so have been filled with such hope and optimism.  As the saying goes, bitcoin changes you. I have no fears about the future, other than war!, and no my family is now protected.

    While you made the right decision for you, from my perspective, it was a short-term one.  Bitcoiners know that having a low time preference is a super power.  Selling all bitcoin held is never advisable especially at the price you initially bought.  The next two years will shock most people yet you gave up your bitcoin cheaply when you could have created an even better future by waiting a little longer, or not selling it all, if you understood bitcoin.  It will become the global reserve asset and dematerialise gold and all other stores of value over the coming decades, which have a TAM of $900t

    You gave up your corn at close to the ATH after following @MonsieurCopperCrutch decision yet present the case as if you understood the cycle rather than being driven by fear. Conviction through education is everything.  The big difference, MCC has a stash and knows that he owns the most scarce asset on the planet.

    Throughout the last cycle, I have carried out my plan as stated.  I bought bitcoin all the way up and all the way down and now back up again. Diamond hands in action.  I have not been deterred as I understand the value of the first asset in history that can truly be owned and the other characteristics that make it a sound money. My children also now have their own bitcoin position.  You laughed at me when the market crashed and thought it was amusing whereas I was unperturbed and saw it as a buying opportunity. Each time we experience volatility, I buy extra, on top of my usual buys.  Being in the red was never a concern, it was a blessing for me.  I have easily dedicated over 1000+ hours (way more actually) to learning about bitcoin and this is why I feel confident to buy bitcoin at any price.  I am truly blessed.

     

    I've attended conferences/events and am deep down the rabbithole.  I remain utterly convicted, even obsessed by this gift to humanity. I never wish to sell my bitcoin and hope that further products/services will come on stream to support this.  If not, I will take a teeny bit off the top, but only if it offers me value in some way but unlikely to do so this cycle unless it goes off like a rocket ship, which cannot be dismissed.  

    Who wants to give up a pristine asset, the apex property?  Not me.  Most of my bitcoin will go to the next generation. That's it.

    @MonsieurCopperCrutch @markyh (and any one else with a decent position or future position), in terms of estate/trust planning/inheritance check out @mcclintock_m on twitter.  He has done a few podcasts with OnRamp (Croesus_BTC aka Jesse Myers), Unchained (they've dropped the 'Capital' from their name) and Stephen Livera.  I rate the discussions in this order.  While Matt's company, @BespokeGroupCO, represents UNHW, it's an area that all bitcoiners need to consider given the possibilities.  Unchained has launched a similar service, @mysoundadvisory.  I'm not in this league but it is an area I am following for the future...The discussions are enlightening that's for sure.

    The Bubbly Bitcoin Thread -- Merged Threads

    in House prices and the economy

    Posted · Edited by Buffer Bear

    Bear market has been long-over, as we've gone side to side for months.  Seems we are now entering the calm before the storm i.e., bull-run territory, post-halvening, late April. Adam Back has a bet on that BTC, by end of year will be $100k.  I don't have a view either way as no one can predict how bitcoin will move over short periods.

    The Bubbly Bitcoin Thread -- Merged Threads

    in House prices and the economy

    Posted

    On 15/10/2023 at 23:08, markyh said:

    Well done GrayScale.  Theyn need a spot Bitcoin ETF, as they hold a shitload of actual Bitcoin.  Will do womders for other big physical holders too, like Microstrategy. 

     

    The institutions are coming...

     

     

     

     

     

    16 hours ago, cattius said:

    Wow, im surprised theres no discussion on what happened yesterday regarding the false report of a BTC ETF approval from Cointelegraph. 

    BTC pumped 5% yesterday on the fake news and i bet some insiders made a nice wedge from the move. The cynic in me fears yesterday will be used as an argument against ETF approval, but maybe im just jaded from the bear market. 

    Plenty of discussion on BT.  Intern probably made a pile longing the market. 

    I hear you but the SEC cannot hold off much longer, before 2024 is out - and probably earlier - the spot ETF is likely to be approved.  It brings a range of challenges in terms of paper bitcoin but let's hope BLK et al will not play this game as they're likely to get rekt eventually.  There is also a risk of centralisation.  You don't own bitcoin if you fail to self-custody. Education and new solutions are required to remove the friction.

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