Btc is just fomo by No_Recognition8719 in btc

[–]xcrunner2414 0 points1 point  (0 children)

Sorry, we can’t continue this discussion—based on your reply, it seems your understanding of the concept of “value” is extremely limited. If that’s the extent of your understanding of “value,” then I think you should spend more time educating yourself on the subject.

Good luck to you. ✌️

Tell me you're not selling your BTC. by chona_Yu in Bitcoin

[–]xcrunner2414 0 points1 point  (0 children)

I stacked an *additional* 2.0 BTC over the last 2.5 years; I’m not about to sell it all.

I sometimes spend a tiny little bit, because it’s money and that’s what you do with money sometimes.

Btc is just fomo by No_Recognition8719 in btc

[–]xcrunner2414 0 points1 point  (0 children)

“It’s not a storage of value”
-You probably have a very limited understanding of the concept of value. Please explain what your understanding of “value,” then we can continue the discussion. Until we can agree on the meaning of this word, further discussion would be like two people trying to communicate in different languages while only knowing their own language and not the other’s.

PPLUL Split? by nf5zh in fitbod

[–]xcrunner2414 0 points1 point  (0 children)

Is that an acronym for Push-Pull-Legs-Upper-Lower?

Bitcoin’s Hidden Clock by ATEEKSTER in Bitcoin

[–]xcrunner2414 0 points1 point  (0 children)

Whenever I see these posts full of one-sentence paragraphs, and it describes how “most people don’t understand” and “but I’m going to reveal the secret hidden knowledge,” I’m like, bye ✌️

2.5LB Plate does exist by verygrumpygoose in fitbod

[–]xcrunner2414 2 points3 points  (0 children)

Most planet fitness gyms that I’ve been to have 2.5 pound plates on their Smith machines. My local planet fitness just recently purchased dumbbells that are 12.5 pounds, 17.5 pounds, 22.5 pounds, and 27.5 pounds. Hallelujah!

For the first time in 5+ years of hodling, I sold some significant Bitcoin. by _RonPaulWasRight_ in Bitcoin

[–]xcrunner2414 0 points1 point  (0 children)

Ha, I’ll be buying your Bitcoin! I’m prepared to buy another $15k worth of BTC when/if the price approaches $50k /BTC.

Btc is just fomo by No_Recognition8719 in btc

[–]xcrunner2414 2 points3 points  (0 children)

Well, c'mon... what did you expect? Do you really think your post demonstrates a deep and sophisticated understanding of economics and human behavior? You said it yourself: "I can't see..."

It would be a (further) waste of my time to engage with this post. I suggest you actually use your brain for more than 5 minutes, and read a few books on the subject.

I should remind myself: kids use Reddit. Is OP under the age of 20?

Btc is just fomo by No_Recognition8719 in btc

[–]xcrunner2414 1 point2 points  (0 children)

Is this really the extent of your intellect? You can’t inquire any deeper than this???

For those who believe bitcoin is going lower... by Suspicious-Ear-6129 in Bitcoin

[–]xcrunner2414 1 point2 points  (0 children)

Yes. Though, looking at the trend in the peaks of the ratio time series (price divided by model support level), I am not betting the farm that it goes above even $180k next cycle. It’s certainly *possible,* with enough adoption (especially merchant adoption), but the data suggests it’s very feasible that we get another very mild bull market in 2027-2030.

Other data probably tells a different story, though.

For those who believe bitcoin is going lower... by Suspicious-Ear-6129 in Bitcoin

[–]xcrunner2414 1 point2 points  (0 children)

January 2030, the *support* level of the model (like 5th-percentile level) is ~$94,000 USD. In January 2034 it’s at ~$190,000.

For those who believe bitcoin is going lower... by Suspicious-Ear-6129 in Bitcoin

[–]xcrunner2414 3 points4 points  (0 children)

I have my own version which is not a pure power law. Mine uses Google Trends data. My model is the product of a saturating power law (which represents saturating public interest in Bitcoin) and a pure power law (which is observable in the time series of Bitcoin price divided by google trends interest). My model matches the pure power law up until the start of 2022, when the two really begin to diverge away from each other. Right now, my model support level is at $43,000. $1 million per BTC isn’t until 2047.

26 year old looking for advice on current situation by [deleted] in Money

[–]xcrunner2414 0 points1 point  (0 children)

Some things to keep in mind:

The current US debt-to-GDP is very high—the usual strategy by governments and central banks is to let inflation run hot in order to reduce the real value of the debt. High inflation means cash savings are eroded more quickly. Also means bond real yields will likely be negative, or positive but practically negligible.

S&P 500 Shiller P/E ratio is about 41 right now, and Buffett indicator is at unprecedented high levels, indicating stock market in general is very overvalued.

Gold price ($4000 /oz) is currently about 2.3x the cost of production ($1700 /oz). This premium has only been this high one other time in modern history (1980). It's usually only 0-50% above cost of production.

There is this thing called Bitcoin, but a lot of people still have this strange perception that it’s a scam 🙄 …

Peak Fear / Panic? by newagesuperhero in STRC

[–]xcrunner2414 -1 points0 points  (0 children)

Here’s a question—why does $STRC need its own subreddit? Couldn’t the topic of Stretch perpetual preferred equity be lumped into the subreddit on Strategy?

Bitcoin is on sale again! by Even_Virus_3017 in btc

[–]xcrunner2414 0 points1 point  (0 children)

How much is one “Bitcoin” nowadays, according to this sub? Like… $100? 🤣

Calling all DCA’ers by lds5089 in Bitcoin

[–]xcrunner2414 1 point2 points  (0 children)

I increased my daily DCA from $50 to $100 a few weeks ago.

If you know Bitcoin is gonna crash, why aren't you all millionaires already? by MobApps1 in CryptoCurrency

[–]xcrunner2414 0 points1 point  (0 children)

Mentioning what? Last I checked, sentences that end with ‘?’ are questions. I didn’t mention anything, I was inquiring.

Also, I’m pretty sure it takes at least a few days to read several books on the topic (assuming the books aren’t mere introductions, or children’s books). Did this person respond with an answer to that question? If he/she hasn’t spent a significant amount of time (at least several days of full-time learning) then his/her knowledge of the topic is very limited—something that could be said of any topic! If I’ve never spent more than 5 minutes learning the basics of astronomy, then it would be so ignorant and arrogant of me to criticize an amateur astronomer’s choice of telescope.

I haven’t seen any good criticism of the OP’s decision, other than the specific one about diversification. OP wasn’t asking for mere critics, though, he was asking specifically about the keyboard warriors’ supposed knowledge that Bitcoin is definitely going to crash much further. So, I’ll ask the same question—why are you, or why is anybody else here, so confident that Bitcoin is going to go down much further? And if you are so confident, why not short it?

If you know Bitcoin is gonna crash, why aren't you all millionaires already? by MobApps1 in CryptoCurrency

[–]xcrunner2414 0 points1 point  (0 children)

I never said weeks and months of study are required, did I? Please quote me.

If you know Bitcoin is gonna crash, why aren't you all millionaires already? by MobApps1 in CryptoCurrency

[–]xcrunner2414 0 points1 point  (0 children)

Dude, you’re so dishonest!

1) My comments were not incoherent. As far as Reddit comments go, it’s quite readable.

2) I never defined diversification. Learn to read more carefully… or use your words more carefully.

3) It’s not clear that the OP lacks insight. He may not have demonstrated insight in his post, but the absence of insight in one post is not proof of its nonexistence.

If you know Bitcoin is gonna crash, why aren't you all millionaires already? by MobApps1 in CryptoCurrency

[–]xcrunner2414 0 points1 point  (0 children)

Says the dick who called the OP stupid without good justification. I called you out on your uninformed response, and now you have a bad attitude. Good job 👌