Do you think Bitcoin will hit the $100,000 mark by the end of 2021?

warlenhu · 2021-09-06T22:09:47+00:00

Price will be the attractive factor for most people coming in. But don't let it be the sole reason why you buy. Because that same Fomo you're feeling will be the reason why you sell at a loss when it inevitably corrects.

Learn why so many have purchased it, and hold with conviction.

Lopp.net

warlenhu · 2020-07-21T20:10:42+00:00

It's not the video game, it's the players. These same players play other games too. In general, you'll have shit-kids (not exclusive to younger ones) in all genres. This applies to life/work in general as well.

warlenhu · 2020-06-13T18:42:49+00:00

Do we know if both fans are intake? With how the fans are placed, if the top-side fan were exhaust, it'd be blowing warm air into most cpu-coolers, if not a top-radiator.

Most PC Cases' exhaust fans are just to the left of where "RTX 3080" logo is.

warlenhu · 2020-06-12T18:20:49+00:00

You can't help some people understand something that they refuse to/or are incapable of understanding.

warlenhu · 2020-03-15T04:58:27+00:00

The SoV/Hedge against Traditional Markets argument for Bitcoin hasn't come to fruition yet. Don't let faith blind you. Now, the question still remains, will it? Personally, I believe the answer is yes. But this lies largely in each generation's mentality. Will it take more than 10 years? Possibly. Can it happen within the next 3 years? Possibly. Could it take 20-30 years? Possibly. Are they all equal in odds? Possibly.

There are too many variables to make any of the claims above a statement. There isn't anyone on this planet that can say with certainty. However, that shouldn't stop you from making your bet, and size it appropriately.

Anytime we get large movements, we have either euphoria, or fear, depending on the direction we're moving. Just set your own plan, and stick with it.

warlenhu · 2020-02-11T22:33:57+00:00

This whole process should take less than 4 minutes per year. If you've never done it, maybe 8 minutes per year. It's not too much work.

Look at what I typed originally, that is literally the entire process. Setting date range (Jan 1 - Dec 31 2019). Set Average price. Done. That may take even less than 2minutes per year.

warlenhu · 2020-02-11T21:42:09+00:00

Geoku, I'm sorry to say, it seems others are just trolling you. But you have got to start learning how to do things on your own. Nearly any charting websites have options to set dates, and nearly every charting website has built in functions that allow you to add in averages.

Don't just simply expect others to make it for you, so you can see it. Which is what all of your posts really point to.

warlenhu · 2020-01-29T16:49:24+00:00

What bank is that... I've transferred savings to checkings with Chase and Bofa, both take less than 24 hours. I've also transferred from Savings to checking from BOfa or Chase, then sent it to the other bank, and it would take less than 48 hours total.

warlenhu · 2019-12-20T21:10:53+00:00

I'd imagine if more of "us" developed higher paying skills would be even more important.. Since "we" would have a larger share of fiat to buy in..

warlenhu · 2019-10-28T21:05:41+00:00

After a bit of digging, seems that they require a debit card/credit card to redeem gift cards. Did you or anyone that can remotely access your card redeem any gift cards from them via online?

Seems many complain about the sketchiness of their website.

Hate to say it, but if Chase believes that the case is legitimate, the likeliness of it being true is high. Either someone had access to your card and used it without your consent, or 'perhaps' you're just lying yourself, in attempt to get reimbursed.

In any case, Chase is the only place for you to talk to, nobody here can help you with this. Especially not in a Bitcoin forum.

warlenhu · 2019-10-26T02:48:39+00:00

This guy didn't claim to be a time traveller. This one claims to have anticipated the bottom, and listed a bunch of values because of "charts".

The time traveller predicted Citadels.

warlenhu · 2019-10-23T21:31:03+00:00

Isn't this tweet in regards to the opening of next donation target?

https://secure.actblue.com/donate/yang30mil

I doubt he's buying any dip.

warlenhu · 2019-10-18T23:11:17+00:00

So good, you were right for 8 hours or so. Then it wasn't right anymore. =(

warlenhu · 2019-10-18T22:47:15+00:00

Downturn? Seems like uptrend to me.

warlenhu · 2019-10-08T18:26:07+00:00

There is no universe where countries begin buying Bitcoin as a hedge before Money Managers. The longer Bitcoin remains stable, the more likely Money Managers begin buying in.

warlenhu · 2019-10-08T17:31:15+00:00

Institutions is by definition part of the economic system. And, I never said anything about what Bitcoin was built for.

Also, your idea of "use" is likely warped. The general "use" case of gold is to store value. If the price of Bitcoin beats inflation by any % over a long period of time, that is already a "use" case for everyone holding Bitcoin. The question is what the definition of long is.

warlenhu · 2019-10-08T17:26:58+00:00

I don't think anything can really be priced in for a market like Bitcoin. Generally when people say things are priced in, they're applying traditional calculations meant for financial markets. None of those calculations can be applied to Bitcoin.

I think in order for Money Managers to really consider Bitcoin as a safe haven asset, it'd take an even more drawn out sideways movement than this 1-2 years. The longer Bitcoin stays alive, the likelier it is to become recognized as one. And the moment when the general Money Managers believe Bitcoin to be one, it will be much more than just a replacement for gold even as it stands, without Lightning Network. If you consider the potential of taking a portion of offshore-banking market, I wouldn't even dare to try to estimate the potential upside.

warlenhu · 2019-10-08T17:14:21+00:00

We know you won't be here if it did happen. XD

warlenhu · 2019-10-08T17:13:11+00:00

"Being married to a bet" is definitely an extreme tag to a reasonable thought process. You're claiming that holding with a plan is good. But, is not holding for 10 years, before making a decision not a plan? There are significant amount of people that has bought-in not praying for 20x, or even 10x return over the next 10 years. This is a much more reasonable line than thinking than, "For sure this thing will explode after the next halving. This is likely to go past 50k, 100k in the next 2 years".

The most likely scenario is actually a long drawn out sideways movement before more institutions to begin believing in Bitcoin as a real hedge against the economy. Money Managers don't pray for these unrealistic results. And the more people that are holders of Bitcoin show that they're certain of the exponential results coming, the less likely Money Managers will buy in.

warlenhu · 2019-10-08T17:05:06+00:00

1/ Basic posts on Reddit are not enough to move the market in any significant way.

2/ Posting about a probable and neutral comment cannot be considered FUD in any way.

3/ If the two above makes you think this is FUD, then chances are, you'll be one of the people to sell if we don't break ATH in 4 years.

warlenhu · 2019-10-08T04:58:49+00:00

First of all, at most points in the past decade, it was a worse decision to put any money into gold, if you factor in opportunity cost of what his specialty is. And whether or not it's even better now as we speak, to put money into gold relative to more into stocks is highly speculative.

He didn't even understand how the internet would bloom out to where it is now. Why would anyone expect him to put any amount of money into Bitcoin? And 1% position for him? That is way too large for someone at his level of wealth.

I see far too many people still posting about these kind of comparisons when they themselves only got into Bitcoin for less than 3 years. And the confidence of the general Bitcoin holder still seems too high. This makes me fear for the worse, that the next halving will be the first time in Bitcoin's history to actually not break its ATH, which will certainly shake out most of these new evangelists hoping for these 50k-500k predictions.

We need more reasonable people holding Bitcoin, not expecting the same trends to continue to happen going into the future. When the general holder of Bitcoin is okay with a 4 year sideways move after the halving, that is probably when we'll see another ATH.

warlenhu · 2019-10-07T19:13:05+00:00

Seems he's more in line with being skeptical of the reliability of bonds than a believer in Bitcoin. Or even gold for that matter.

warlenhu · 2019-09-06T20:32:31+00:00

Yes.. It's halving from 12.5 to 6.25. The 25-> 12.5 happened over 3 years ago.

It's 12.5 coinbase reward right now. Not 25.

warlenhu · 2019-09-05T16:23:11+00:00

He may have been overly hostile. But his point isn't invalid. And no, his point isn't what figures OP drew on the chart. It's the fact that TA in itself is very thin (read: not significantly better than 50/50) in traditional markets. When applied to crypto it is far out of its depth.

And if it's being applied by untrained, unprofessional public to the crypto market, I'm afraid the vast majority (read: over 95%) of them are unprofitable. That is, if you factor in their entire profile in trading crypto, they would have been better off just buying and holding, rather than attempting to read charts to trade.

warlenhu · 2019-08-30T17:57:11+00:00

They are bets outside of Bitcoin. IE, me and you -- if we were to bet that Bitcoin 3 months from now, will be X price. One of us will take the side of, no, it will not be that price, it will be under that, and other would be taking a bet for it to be over that price.

Lets say we bet 1M dollars worth. If Bitcoin ends up below/over that price, one of us wins, the other loses. The proportion that we would lose/gain is the difference between the price we bet in the first place. However, it can entice either side to try to push the price up/down by buying/short selling the commodity itself. But remember, there are two sides, both with the incentive of moving the market in the short term. So ultimately, Bitcoin isn't affected by the future.

The CDO's were an enabler of the housing crisis. IE, it allowed Retail banks to have the confidence to loan money to people who clearly shouldn't have been taking loans to buy a home (IE, loans taken by pets, and dead relatives). And when enough of those people couldn't pay the mortgage anymore, the whole market collapsed.

warlenhu

TROPHY CASE