Bitcoin 2019 daily chart is quite interesting compared to the Gold weekly from the 1980's
Crypto Savy turned me on to this amazing fractal, he flashes between the two charts clearly showing the uncanny similarity, starting around 16:00 to 17:00 minutes in.
www.youtube.com/watch?v=H_YayCb9iq4
I applied a fib circle over the most recent part of the charts, quite interesting similarities! If the pattern continues to correlate, a move up is immanent when price breaks through into the red zone:
http://governmentisslavery.com/btc-gold.png
An amazing correlation considering the similarity in properties of gold and bitcoin that shows bitcoin moving though an accelerated version of what gold is doing.
Crypto Savy turned me on to this amazing fractal, he flashes between the two charts clearly showing the uncanny similarity, starting around 16:00 to 17:00 minutes in.
www.youtube.com/watch?v=H_YayCb9iq4
I applied a fib circle over the most recent part of the charts, quite interesting similarities! If the pattern continues to correlate, a move up is immanent when price breaks through into the red zone:
http://governmentisslavery.com/btc-gold.png
An amazing correlation considering the similarity in properties of gold and bitcoin that shows bitcoin moving though an accelerated version of what gold is doing.
Why Bitcoin?
Godfrey Bloom basically spelled it out to the European Parliament, Strasbourg, 21 May 2013, God bless him:
www.youtube.com/watch?v=hYzX3YZoMrs
Dude gets it:
www.youtube.com/watch?v=CBVFpYN0iNo
Godfrey Bloom basically spelled it out to the European Parliament, Strasbourg, 21 May 2013, God bless him:
www.youtube.com/watch?v=hYzX3YZoMrs
Dude gets it:
www.youtube.com/watch?v=CBVFpYN0iNo
@Priem19 #10
> B) You invest $1000 and it goes 100x, you remain with $100 000.
That's only true if you sell when it reaches $100 000. But will you? Why sell at $100 000, and not, say, at $50 000 instead, or why not wait that it rises more? How do you pick the moment when you sell? Many people became virtual millionaires but not actual ones because when the price peaked they were still waiting for it to go higher. Or they could have been millionaires had they not sold much before the peak. The peaks and bottoms are easy to spot... in retrospect.
Now if you are betting that it will go to $100 000 and stay there, then I would not think there is more than 1% chance for this to happen and therefore by your calculations the bet would not be worth it.
> B) You invest $1000 and it goes 100x, you remain with $100 000.
That's only true if you sell when it reaches $100 000. But will you? Why sell at $100 000, and not, say, at $50 000 instead, or why not wait that it rises more? How do you pick the moment when you sell? Many people became virtual millionaires but not actual ones because when the price peaked they were still waiting for it to go higher. Or they could have been millionaires had they not sold much before the peak. The peaks and bottoms are easy to spot... in retrospect.
Now if you are betting that it will go to $100 000 and stay there, then I would not think there is more than 1% chance for this to happen and therefore by your calculations the bet would not be worth it.
@Priem19
I addressed this in my second paragraph. To repeat: if your bet is that BTC will reach such high value and keep it, then this time I think the chance is less than 1%.
I addressed this in my second paragraph. To repeat: if your bet is that BTC will reach such high value and keep it, then this time I think the chance is less than 1%.
>Now if you are betting that it will go to $100 000 and stay there,
>then I would not think there is more than 1% chance for this to
>happen and therefore by your calculations the bet would not be worth it.
If there is ANY chance that bitcoin (perhaps in conjunction with other cryptocurrencies and/or second layer protocols, like lightning network) can provide a viable alternative to the enslavement and monopoly of fiat currency, then supporting it by using and holding is worth it to me regardless of the risk of gain or loss in personal physical wealth.
That being said, I am betting that bitcoin will go into multiple 100's of thousands, maybe $200,000 to $300,000 in the next pump cycle, crash to $40,000 to $60,000 from there, and eventually reach multiple millions before fiat dies altogether, becoming meaningless as a unit of account. I 'm not so much as betting on bitcoin, as I am betting against the entire fiat economy (globally)... that it will collapse with people largely fleeing into gold/silver and cryptocurrency. The chances that this will happen over the next decade or two seems extremely high to me, but more importantly something I want to encourage, support, and participate in.
>then I would not think there is more than 1% chance for this to
>happen and therefore by your calculations the bet would not be worth it.
If there is ANY chance that bitcoin (perhaps in conjunction with other cryptocurrencies and/or second layer protocols, like lightning network) can provide a viable alternative to the enslavement and monopoly of fiat currency, then supporting it by using and holding is worth it to me regardless of the risk of gain or loss in personal physical wealth.
That being said, I am betting that bitcoin will go into multiple 100's of thousands, maybe $200,000 to $300,000 in the next pump cycle, crash to $40,000 to $60,000 from there, and eventually reach multiple millions before fiat dies altogether, becoming meaningless as a unit of account. I 'm not so much as betting on bitcoin, as I am betting against the entire fiat economy (globally)... that it will collapse with people largely fleeing into gold/silver and cryptocurrency. The chances that this will happen over the next decade or two seems extremely high to me, but more importantly something I want to encourage, support, and participate in.
@Priem19
Money is not made to be kept in a mattress for one century. If you earn more than you spend, you can invest. Over the same period the real return corrected for inflation of the S&P 500 is 7% per year. Of course people who have large amounts of money do just that. If you only have $1000 to invest, then bitcoin may seem attractive as you envision your modest amount being multiplied by 100 or by 1000 -- rather than by 1.07 per year, which is what 7% does. People with even less money and technical knowledge will simply buy lottery tickets.
Money is not made to be kept in a mattress for one century. If you earn more than you spend, you can invest. Over the same period the real return corrected for inflation of the S&P 500 is 7% per year. Of course people who have large amounts of money do just that. If you only have $1000 to invest, then bitcoin may seem attractive as you envision your modest amount being multiplied by 100 or by 1000 -- rather than by 1.07 per year, which is what 7% does. People with even less money and technical knowledge will simply buy lottery tickets.
@xochinla
That's a deeper discussion than "Priem19's wager". It's interesting to see that you are really raising a political issue, yet you are not even disclosing of what country you are a citizen. Would you be willing to do that?
That's a deeper discussion than "Priem19's wager". It's interesting to see that you are really raising a political issue, yet you are not even disclosing of what country you are a citizen. Would you be willing to do that?
Nah.
I ain't no cistern of any dam cuntry.
I ain't no cistern of any dam cuntry.
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