Is anyone else starting to become a bit excited?

EagererBeaver · 15-02-2021 02:31PM

If you're talking or trying to talk about investments, markets, risk management and hedging, and you don't know who Taleb is, that says far, far more about you than it does about him. The guy who is absolute dickhead, but he knows what he's talking about.

But you, know, who the hell cares, to the moon on our lambos baby!

Mucashinto · 15-02-2021 02:46PM

Genuinely meant my pointing out I didn’t know who he is was a reflection on my knowledge hence whatever I say following should be read with that in mind, should have made that clearer.

Equally I think I’ve read the chart wrong anyway

and if there was a reduction in deviation in the short term that would mean a price drop?

Nermal · 15-02-2021 02:49PM

EagererBeaver wrote: »

The guy who is absolute dickhead, but he knows what he's talking about.

In some specific domains, yes, but not here.

He's gone off the deep end about COVID, and it has caused him to lose his mind a little.

https://twitter.com/TedPetrou/status/1359562507577413632?s=20

Pdoghue · 15-02-2021 03:25PM

Nermal wrote: »

In some specific domains, yes, but not here.

He's gone off the deep end about COVID, and it has caused him to lose his mind a little.

https://twitter.com/TedPetrou/status/1359562507577413632?s=20

Reminds me of Saifdean Ammous, a BTC evangelist, but expertise in one domain does not translate to others; his utterances on Covid-19 show him up to be a bit of an ignoramus in my opinion.

Mucashinto · 15-02-2021 03:31PM

Off-topic waffle

It was actually the COVID stuff on his timeline that put me off. I'm just continously staggered at the 'doubling down' of inaccuracies about the whole thing from a class of people I just trusted implicitly about these things before. No problem with people being wrong on predictions/estimations etc but to be constantly presented with new information that contradicts you and not to reassess...If you're not making serious money out of it (ie Gates) like what the hell are you doing it for?

Saw a bit of the Adam Curtis latest doc and if he's right in his opinion that our systems have become too large/complicated for us generally to understand/believe in maybe bitcoin's dominance is inevitable. BTC isn't exactly an algorithmic currency but it's the closest thing we seem to have and might provide an attractive alternative to having to make out like MMT etc has some kind of science or real benefit to it at this stage. Just have something immutable and data driven like BTC and we'll give it more credence maybe, rightly or wrongly.

And as ridiculous as the idea of 'to the moon/lambo' mentality is, there has to be some reasonable alternative you can point to surely to highlight this. But when the ECB is putting stuff like this out...

https://twitter.com/ecb/status/1360890314093920258

Who really believes in this atm or takes any of it seriously. Terrible really, but on a macro, casual, lazy (fatalistic) observational level western liberal democracy seems to be on its arse. Mooning cryptos make as much sense as any of the other nonsense to me. If there's no sense in the real world, why should there be here?

Always prepared for a snap back and it will come as surely as night follows day but still a ways to go imo.

iba · 15-02-2021 09:55PM

Deleted User wrote: »

I am probably singing with Cuckoo's but when BTC hits the $50k line, it will either see a nice big dip, hopefully over 20% in which case I am straight in there to top up. However, given the ever increasing popularity with Joe public as well as small and large investors, it's entirely possible we will see a continuing upward trend with no spectacular dips. That reminds me to buy a Euromillions ticket.
I don't like to speculate on ETH. My concern with ETH is the potential competition coming along the line and the excruciatingly painfully slow upgrade. Am staying in it though and it accounts for 42% of my crypto.

I'm praying to all the gods that there is a 15% to 20% dip, I put in a sell order at 41,075 Euro

FFVII · 15-02-2021 10:13PM

iba wrote: »

I'm praying to all the gods that there is a 15% to 20% dip, I put in a sell order at 41,075 Euro

Sell how much?

BrandonBay86 · 15-02-2021 10:57PM

Taleb wrote Anti-Fragile.

Oh the irony!

iba · 15-02-2021 11:17PM

FFVII wrote: »

Sell how much?

A certain percent; dont out all eggs in one basket.

Lmkrnr · 16-02-2021 01:32AM

Did anyone get bitcoin early on as a joke, now your sitting on a nice nest egg. I didn't buy any, but I like good luck stories.

Lmkrnr · 16-02-2021 12:34PM

correct horse battery staple wrote: »

Not as a joke but being a nerd was interested early on from 11 years ago, spent a pile on silly stuff like vpn or pizzas or Expedia or just sent to friends after annoying their ears about funny internet money, needless to say in hindsight these now would amount to sizeable erm amounts

I hope you kept some!!

KilOit · 16-02-2021 01:07PM

Lmkrnr wrote: »

I hope you kept some!!

Only way you kept a large stack of Bitcoin on the ramp up to 2018 was you were either dead, in a coma or lost the private keys

seannash · 16-02-2021 01:31PM

Theres 50k

cnocbui · 16-02-2021 02:13PM

KilOit wrote: »

Only way you kept a large stack of Bitcoin on the ramp up to 2018 was you were either dead, in a coma or lost the private keys

My most recent BTC transaction, a purchase, was in Nov 2017. I don't want to sound greedy, but if it would just go a little bit higher that digit will flip over and I will be sitting on 3,000 % profit.

BrandonBay86 · 16-02-2021 02:32PM

https://youtu.be/Ateh7hnEnik

16-02-2021 02:44PM

https://pbs.twimg.com/profile_images/1009438547772891141/M-5_ivi2_400x400.jpg

BrandonBay86 · 16-02-2021 02:56PM

With $50,000 achieved, the hard work is done and bitcoin has proved itself to me.

I’ll keep DCA’ing, but I wouldn’t care if it dropped to 20k tomorrow. I’d gobble it all up.

This is special, it’s been a goal for a long time for me. Bitcoin, is not going away imo.

lawrencesummers · 16-02-2021 03:39PM

Is it fair to say that 50k will be a lot of people set point to cash out? And getting past 50 is one thing but staying past it will be hard?

Thargor · 16-02-2021 03:52PM

ETH is where anyone buying now should go tbh, how many times have we seen the delayed reaction to new BTC highs?

Mucashinto · 16-02-2021 04:11PM

lawrencesummers wrote: »

Is it fair to say that 50k will be a lot of people set point to cash out? And getting past 50 is one thing but staying past it will be hard?

I have no idea and I'm not sure anyone really does to be perfectly honest. Somebody will be proved 'correct' in hindsight but that's always the case I suppose.

I don't even know how it's valued. Like if it's scarcity based, is that because of the coins or the holdings? Hard to know who to believe but the suggestions I find online variously state 1000 'whales' own 40% of all the coins and even .5% of all wallets own 80%. So if that was true, and they aren't willing to sell, and others are determined to buy (FOMO/hedging/profit whatever) then it's going up surely.

Equally if people have an idea of a market cap valuation/coins in circulation, what would that generally be? Would people decide at a certain cap it's 'overvalued' regardless of the demand/liquidity etc.

I suppose you would expect profit taking at milestones, whether that would be gobbled up by investors to get on board (or by the whales even to maintain the price?) is a different thing imo.

Mad really.

EDIT: I will say, looking at it largely from the outside, the only group at the moment who seem to have been right are the HODLers. Seems like if you're not of that mentality/belief it will be a lot harder regardless. Latter Day Church of Bitcoin

BrandonBay86 · 16-02-2021 04:48PM

Thargor wrote: »

ETH is where anyone buying now should go tbh, how many times have we seen the delayed reaction to new BTC highs?

The problem with ETH atm in my opinion is that no multi billion dollar companies are announcing purchases of it so the momentum just isn’t the same.

https://twitter.com/smilinglllama/status/1361489016789602305?s=21

grindle · 16-02-2021 04:54PM

Boooo hisssss

ETH price is already stupid, salary can't afford one a week at this stage.

I hope it plummets.

Lex Luthor · 16-02-2021 07:06PM

BrandonBay86 wrote: »

The problem with ETH atm in my opinion is that no multi billion dollar companies are announcing purchases of it so the momentum just isn’t the same.

https://twitter.com/smilinglllama/status/1361489016789602305?s=21

not yet, but its coming

Lmkrnr · 16-02-2021 07:23PM

correct horse battery staple wrote: »

A little stash left (worth stupid amounts imho now) which is a small fraction of what had, simply didn’t sell as already have job I enjoy, and you sort of become numb to the rises and falls and stop following stuff, Tesla announcement sorta reignited past dreams. I guess if it wasn’t for people being so enthusiastic in beginning crypto never would not have got to where it did today, I myself enjoyed working on crypto related code and after working with credit card systems it seemed so elegant a solution. The only thing making me sad is that it never lived up to original promises of internet money which is why I got curious (that and PayPal yanking me about), there’s less and less places bitcoin is usable it sort of morphed into an asset now. Every friend I annoyed about it has been thankful tho most sold early.

Nice one,. atleast you won't be haunted by the ghost of a 10,000 bitcoin pizza!

BrandonBay86 · 16-02-2021 07:30PM

Any other Hodlers find they don’t even want the Huracan now?

Citadels / generational wealth is the new goal.

cnocbui · 16-02-2021 10:39PM

BrandonBay86 wrote: »

Any other Hodlers find they don’t even want the Huracan now?

Citadels / generational wealth is the new goal.

Yes. Waste of money to me. The latest Honda Civic type R will do me fine. A nice house in a nice country is my main aim.

BrandonBay86 · 16-02-2021 10:45PM

cnocbui wrote: »

Yes. Waste of money to me. The latest Honda Civic type R will do me fine. A nice house in a nice country is my main aim.

Fk8 is a peach

bfa1509 · 16-02-2021 10:48PM

lawrencesummers wrote: »

Is it fair to say that 50k will be a lot of people set point to cash out? And getting past 50 is one thing but staying past it will be hard?

Hitting the 50K is a meaningless milestone. The level of support it appears to have at 48K-49K is more incredible to me.

Thargor · 16-02-2021 11:12PM

grindle wrote: »

Boooo hisssss

ETH price is already stupid, salary can't afford one a week at this stage.

I hope it plummets.

I was leaving my current phone in for repair today so had to fire up my old OnePlusOne as a backup for the day, when I turned it on the ETH widget on the homescreen was still on €127

grindle · 16-02-2021 11:18PM

Thargor wrote: »

€127

The good old days.

Is anyone else starting to become a bit excited?

Comments