Make your vote, Bitcoin will hit 18K now?

[W Fish]

Actually it does not.‍ Diversification works in casino, in cases you are guessing.
Engineeers do not diversify, they do⁠ not built 20 bridges randomly so that most traffic will get to the other side.⁤
In case you KNOW / UNDERSTAND, there is no need for diversification.

 

[Mercury]

You can deeply understand something but still not predict nor control the‍ future.
All that matters is your own conviction, either backed by extensive research and learning⁠ or just true intuition.
Diversification is inversely proportional to the degree of conviction.

 

[W Fish]

Conviction is subjective and has limits.
You can not bend a spoon with conviction.
Earth does not revolve around sun, apple does‍ not fall to ground, two plus two does not equal four because of conviction.
There is objective reality besides it.
If conviction and objective reality conflict, guess what wins? 😉

P.S. not saying that conviction is totally useless, it just is not by far the only⁠ thing that matters.

 

[void]

that's waaay off topic and has nothing to do with what you responded to but‍ think about where this objective reality in your objective reality resides and how easy it⁠ is to turn this objective reality into bit different reality that feels as real as⁤ the original one 😀

 

[Martin Everson]

How did‌ you come to this conclusion...lol? I stopped reading what you said after this point as‍ a false premise was made and you know me better than that when it comes⁠ to my feelings about anything USD....lol.

Ok I︀ see the low level of discussion we are having here and will politely excuse myself︁ from this thread as not to offend you
😕.

 

[void]

come on, don't be that touchy... I apologize, it's just my clumsy phrasing as a non-native⁠ English speaker... let me rephrase it to "considering ONE'S/INVESTOR'S mindset is still based in USD"⁤ - then you could hopefully keep reading as I'm keen to get your or anyone's⁣ feedback

 

[Martin Everson]

Ok I will read your statement in full⁤ now smi(&%.

I guess if you self custody your BTC you can avoid counterparty risk. Being the︂ ultimate asset for conservation of capital I doubt that very much due to volatility and︃ potential technology risks etc. Yes capital preservation is critical for me personally but everybody has︄ their own risk appetite which may not lead them to BTC but more traditional asset︅ classes. In some years from now this may all change and I see that things︆ are evolving fast in the BTC space which is a good thing. In short the︇ jury is out for me although I hold a more favourble view on BTC as︈ time goes on than I did 10 years ago which is not a bad thing.︉

P.S Today has been a good day for BTC price its way above the price︊ giving in thread subject line 😉

 

[W Fish]

you must be right:

 

[polonieth]

But this also applies to Bitcoin,⁤ remember it's been down 95% on multiple occasions...

I like BTC, and you should hold⁣ it. But the other coins are going to outperform it in % gains over the⁢ shorter term.
If you bought in 2017, how︃ much are you up in % terms? At 100k a coin, not many people are︄ going to be able to purchase enough for it to create massive wealth for them.︅ Whereas a coin that does 10,000x, can do. Hex, for example, did a 10,000x.
Yup, that's basically what I was recommending. If you are going for the lottery︌ mindset, then there are going to be coins that do 1000x. No cyring in the︍ casino when it goes wrong

 

[polonieth]

But this also applies to Bitcoin, remember it's been down 95% on multiple occasions...

I like BTC, and you should hold it. But the other coins are going to outperform it in % gains over the shorter term.
If you bought in 2017, how much are you up in % terms? At 100k a coin, not many people are going to be able to purchase enough for it to create massive wealth for them. Whereas a coin that does 10,000x, can do. Hex, for example, did a 10,000x.
Yup, that's basically what I was recommending. If you are going for the lottery mindset, then there are going to be coins that do 1000x. No cyring in the casino when it goes wrong

 

[lory]

I was one of those who laughed out loud when someone told me back then‌ that Bitcoin would soon hit $100K. In hindsight, laughing instead of buying was probably a‍ mistake.

 

[lory]

I was one of those who laughed out loud when someone told me back then that Bitcoin would soon hit $100K. In hindsight, laughing instead of buying was probably a mistake.

 

[Martin Everson]

We may be back to this thread in some⁠ years when 1 BTC could be 550k and then claim 100k was a bargain 😕.

 

[Martin Everson]

We may be back to this thread in some years when 1 BTC could be 550k and then claim 100k was a bargain 😕.

 

[lory]

Yeah, if it actually hits 550K, I’ll eat my hat.

 

[void]

guys, do you want to join my side bet club? 😀

jokes aside... are you seriously⁤ considering a possibility that BTC will never reach 500k in USD? if so, that's insane,⁣ it can easily happen within a year, zero doubt in 10 years, can't you see⁢ what's going on in front of our eyes?

 

[void]

guys, do you want to join my side bet club? 😀

jokes aside... are you seriously considering a possibility that BTC will never reach 500k in USD? if so, that's insane, it can easily happen within a year, zero doubt in 10 years, can't you see what's going on in front of our eyes?

 

[369]

BTC will fail in the end when its purpose for bankers has passed
"Sathosi" holding‌ 5%+ in his account has a clear purpose or is anyone here so naiv beliving‍ BlackRock and Co would open ETF's not knowing which single "person" is holding nearly 10%⁠ (since big chunk of bitcoin are lost forever) and could dump the price anything to⁤ nirvana

 

[369]

BTC will fail in the end when its purpose for bankers has passed
"Sathosi" holding 5%+ in his account has a clear purpose or is anyone here so naiv beliving BlackRock and Co would open ETF's not knowing which single "person" is holding nearly 10% (since big chunk of bitcoin are lost forever) and could dump the price anything to nirvana

 

[void]

when will all that happen?

and this?

and that?