Goal: No Sell Bitcoin 2018

H4ck · #**331** 04-24-2018

the most successful people in this world are generally emotionally detached people.

meaning they don't need to buy this and that to make themselves feel better...they thrive on pure logic

most ceos are said to be psychopaths.

the thing about life is its always how you look at it.

you can be a prisoner in your mind or you can free your mind.

Canadianleaf · #**332** 04-24-2018

Quote:

Originally Posted by jarsky541

the most successful people in this world are generally emotionally detached people.

meaning they don't need to buy this and that to make themselves feel better...they thrive on pure logic

most ceos are said to be psychopaths.

the thing about life is its always how you look at it.

you can be a prisoner in your mind or you can free your mind.

https://www.youtube.com/watch?v=Ub-HMBkN6ts

H4ck · #**333** 04-24-2018

I just keep wondering if I should put my 100k in crypto investments......or try to rent a retail location in oregon for power consumption of .04/kwh and buy like 50-60 bitmain antminer s9s and start mining and holding all the coins for 3 full years........

empirestate · #**334** 04-24-2018

Quote:

Originally Posted by jarsky541

I just keep wondering if I should put my 100k in crypto investments......or try to rent a retail location in oregon for power consumption of .04/kwh and buy like 50-60 bitmain antminer s9s and start mining and holding all the coins for 3 full years........

If you are having second thoughts, then you are losing already... I guess you are not a CEO you described. Emotionally detached remember?
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slokor · #**335** 04-24-2018

Quote:

Originally Posted by empirestate

If you are having second thoughts, then you are losing already... I guess you are not a CEO you described. Emotionally detached remember?

I'm sure we were all waiting for yet another idiotic nugget from you.
Very helpful yet again.
Great advice as always.

nate · #**336** 04-24-2018

Quote:

Originally Posted by jarsky541

I just keep wondering if I should put my 100k in crypto investments......or try to rent a retail location in oregon for power consumption of .04/kwh and buy like 50-60 bitmain antminer s9s and start mining and holding all the coins for 3 full years........

I'd do some more research before pullin the trigger on mining... You wouldnt break even on the S9's unless you held and BTC made really good gains because the S11 will be coming out soon. If your going to plan, plan for the 1st batch release of the S11.

Just like stealth you never want to keep all your eggs in one basket. Best thing to do is diversify. Buy some BTC and ETH, build a few GPU rigs, and pre-order some S11's.

But it all comes down to how much risk you want to take.

New Nvidia 11 series GPU's should be coming out soon too... And GPU prices are still really high. A 1070 Ti should go for around $480 so they are still over priced ATM.

I dont like to take too high of risk so if I want sh1t coins (which I don't) I'll mine them... If they cant be mined (use POW) I dont want them.

H4ck · #**337** 05-03-2018

need to get those institutional investors in play.........get that market cap to 1 trillion........i want a jolly good christmas at the end of this year =)

Verificationguy · #**338** 05-03-2018

yea i made a bunch too but i could not resist selling when it hit 18k or so wish i had dicipline to hold

H4ck · #**339** 05-03-2018

goldman sachs opens up trading desk for bitcoin.............25k here we go december 2018 =)

peter thiel paving the way for instituitional investors to put money on cryptos.....

**aspkin** · #**340** 05-03-2018

That would be amazing! I'm holding and will continue to hold ups or down until 2019

H4ck · #**341** 05-03-2018

my strategy is hold and when deep dips come transfer holdings to tether...wait for dip to bottom out, then put money back into bitcoin, eth, and various other cryptos......watch for the bull run, rinse and repeat.....

double dip, triple dip.......get my cake and eat it too....

Greed for a lack of a better word is good. Greed is right, Greed clarifies, cuts through and encapsulates the essence of the evolutionary spirit.

rsot · #**342** 05-03-2018

Quote:

Originally Posted by jarsky541

Greed for a lack of a better word is good. Greed is right, Greed clarifies, cuts through and encapsulates the essence of the evolutionary spirit.

Good movie ref

nate · #**343** 05-04-2018

Quote:

Originally Posted by aspkin

That would be amazing! I'm holding and will continue to hold ups or down until 2019

You might want to wait a few months after that... The next halving is estimated to occur in April or May of 2020. The block reward will be cut from 12.5 to 6.25 BTC.

Link to BTC halving countdown clock & info:
www.bitcoinblockhalf.com

It's a fact, written in code, that there will be half the amount of new BTC entering the market from miners to be sold, and you can almost guarantee there will be massive FOMO. What ever the price is 6 months before the halving, there's a good chance it will double by April of 2020.

H4ck · #**344** 05-04-2018

I hope they speed confirmation times to where its practically instant and pretty much no transaction cost,

go to walmart and just scan my phones wallet QR code at the self check out........then get my receipt.........

nate · #**345** 05-04-2018

Quote:

Originally Posted by jarsky541

I hope they speed confirmation times to where its practically instant and pretty much no transaction cost,

go to walmart and just scan my phones wallet QR code at the self check out........then get my receipt.........

The way I see it we have VISA for that... If I bought a $560 GPU today with BTC from Newegg, two years from now looking back it would have been like paying $1,800 and I'd be pissed. I'd rather use digital cash (VISA) which will be worth more today than it ever will in the future... plus its easy and fraud resistant.

I cant see anyway in my life time where BTC will be used exactly like fiat currency. Its too valuable and volatile with only 21 mil coins to ever exist. Anyone who isnt independently wealthy and bought something with BTC, unless it was when it was at ATH's, or they replaced it right away, should be regretting it right now.

But I have no problem holding 10k+ and not having to spend it. If it were a couple years ago... it wouldn't work for me.

Looking at the past can give you a good vision of the future.

Transaction times and cost are ok for me as long as they don't get any worse than they are right now.

slokor · #**346** 05-04-2018

Quote:

Originally Posted by jarsky541

I hope they speed confirmation times to where its practically instant and pretty much no transaction cost,

go to walmart and just scan my phones wallet QR code at the self check out........then get my receipt.........

Give it some time and give the lightning network the opportunity to mature.

H4ck · #**347** 05-04-2018

don't underestimate the internet.........and the people behind it.....

The internet has made millionaires out of 18-21 year old people.

crypto is at the dialup/56k modem speed.....watch what happens 10-20 years from now.......

it will be a accepted payment method everywhere.........a fixed coin will be made.....and volatility wont be a problem anymore.....

we will figure out how to make it all happen with cryptocurrency.....

Play · #**348** 05-05-2018

I read this article yesterday how a company in Singapore is making Bitcoin "notes". Its very interesting you should have a read (http://bitcoinist.com/singapore-bitc...knotes-tangem/)

If trial is successful this could push bitcoin to new highs very easily. Why? because you have the benefits of a decentralised currency, without all the confirmation/waiting time nonsense that goes with it.

How it works, you hand over the note to someone else, and they simply use a NFC device (phone etc.) to confirm its authentic.

It has some sort of Samsung chip inside, and isn't prone to manipulation. So quite safe to say the least.

This could be big in my opinion, as this is the only way I see mass adoption, especially amongst the older generation that aren't entwined with the inner working of crypto.

H4ck · #**349** 05-05-2018

what I will probably do is amass a good fortune until the end of this year when market cap hits 1 trillion.

then start cryptocurrency mining in another state with low electricity business rates.....among my other businesses.

I find Warren buffett to be somewhat hilarious.......with his 80+ billion dollars and he doesnt seem to find the time to put atleast just 1 million into the crypto business........this is the same guy that wrote off both google and amazon in the beginning and now regrets his decisions. hes not a big better on technology....until late into the game when he sees its resilience. guy bets big on apple stock and make a lot of money, bets big on wells fargo to watch it burn to the ground.

for now, my holdings are in bitcoin, bitcoin cash, litecoin, and ethereum.

H4ck · #**350** 05-10-2018

anybody care to explain the recent drops in crypto prices?

empirestate · #**351** 05-10-2018

Quote:

Originally Posted by jarsky541

anybody care to explain the recent drops in crypto prices?

Price that goes up, must come down simple market fluctuations...

Best time to take positions during these corrections...

Stochastic is showing oversold, great buy

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H4ck · #**352** 05-10-2018

some ppl say that when bitcoin has all been fully mined that the price will go up....i don't think that will be the case.......people will just buy other digital currencies......the deflationary argument is bs. their has to be a competitive advantage of moving money through bitcoin that causes it to be vastly superior to other cryptocurrencies.......and honestly its not that vastly superior to the other 10 cryptocurrencies that do basically the exact same thing.

that is why bitcoin only dominates about 37% of the market share of cryptos......because its the most common coin, most traded on every exchange, and almost every crypto exchange has bitcoin exclusively.....