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Originally Posted By Morgan321: Maybe a buy-worthy dip today? Not just for bitcoin, but for everything! No readily apparent change in the ETF flows. If the bitcoin price is attributable to iran/Israel then it should bounce back after Israel bombs Iranian stuff within a day or two. Read this in the news, perhaps good fuel for some extra demand once they become available: View Quote WWIII couldn't have started a few days earlier before my buys, eh? Glad I've got a decade long outlook on this. |
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Originally Posted By Jagrmaister: WWIII couldn't have started a few days earlier before my buys, eh? Glad I've got a decade long outlook on this. View Quote Look at it this way - even if ww3 happens we know what the outcome will be so the only unknown is how long you have to wait for bitcoin to recover. My money says it will blow over in a day or three. I stumbled into some bitx today, so I really hope it blows over fast! |
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No idea how true this is. Without substantiation, seems a bit alarmist. I'd guess it largely affects those who don't use 2FA but who knows.
I also hope anyone here isn't keeping their assets on their phone anyhow, much less in Trust Wallet.
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Originally Posted By Naporter: No idea how true this is. Without substantiation, seems a bit alarmist. I'd guess it largely affects those who don't use 2FA but who knows. I also hope anyone here isn't keeping their assets on their phone anyhow, much less in Trust Wallet.
View Quote I covered this in another thread a week or so ago with our arfcom Apple guy and he said it was a non-issue theoretical only. |
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I like cars.
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Originally Posted By Naporter: No idea how true this is. Without substantiation, seems a bit alarmist. I'd guess it largely affects those who don't use 2FA but who knows. I also hope anyone here isn't keeping their assets on their phone anyhow, much less in Trust Wallet.
View Quote What's wrong with Trust Wallet? My assets are on the block chain, not my phone, or ledger, or paper wallet. |
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Originally Posted By Kuraki: What's wrong with Trust Wallet? My assets are on the block chain, not my phone, or ledger, or paper wallet. View Quote Heavy sigh. Your bitcoin is on the blockchain. The keys to your bitcoin -- or the data to generate the keys, whichever -- are sitting in a file on your phone. If your phone's OS is defective and allows other applications to peek at your keys whenever your wallet is opened (or maybe even when it isn't), then your keys are in the hands of whoever wants to write some code to do that. I don't know why people trust their smartphones. I might put a couple of hundred bucks in a phone-based LN wallet, but I'm not going to store any major amount on a device that is nearly continuously accessible over radio. |
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Originally Posted By D_J: I covered this in another thread a week or so ago with our arfcom Apple guy and he said it was a non-issue theoretical only. View Quote View All Quotes View All Quotes Originally Posted By D_J: Originally Posted By Naporter: No idea how true this is. Without substantiation, seems a bit alarmist. I'd guess it largely affects those who don't use 2FA but who knows. I also hope anyone here isn't keeping their assets on their phone anyhow, much less in Trust Wallet.
I covered this in another thread a week or so ago with our arfcom Apple guy and he said it was a non-issue theoretical only. Good to know. I expected it was hyperbole. Seemed a bit surprising a day 0 exploit would be possible and not have been heavily exploited already. |
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Originally Posted By Sebastian_MacMaine: Heavy sigh. Your bitcoin is on the blockchain. The keys to your bitcoin -- or the data to generate the keys, whichever -- are sitting in a file on your phone. If your phone's OS is defective and allows other applications to peek at your keys whenever your wallet is opened (or maybe even when it isn't), then your keys are in the hands of whoever wants to write some code to do that. I don't know why people trust their smartphones. I might put a couple of hundred bucks in a phone-based LN wallet, but I'm not going to store any major amount on a device that is nearly continuously accessible over radio. View Quote View All Quotes View All Quotes Originally Posted By Sebastian_MacMaine: Originally Posted By Kuraki: What's wrong with Trust Wallet? My assets are on the block chain, not my phone, or ledger, or paper wallet. Heavy sigh. Your bitcoin is on the blockchain. The keys to your bitcoin -- or the data to generate the keys, whichever -- are sitting in a file on your phone. If your phone's OS is defective and allows other applications to peek at your keys whenever your wallet is opened (or maybe even when it isn't), then your keys are in the hands of whoever wants to write some code to do that. I don't know why people trust their smartphones. I might put a couple of hundred bucks in a phone-based LN wallet, but I'm not going to store any major amount on a device that is nearly continuously accessible over radio. Exactly. It's a common misconception. "BuT bItCoIn Is UnHaCkAbLe!" Yeah, but the 4 or 6 digit pin you've secured your private key with isn't. |
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Originally Posted By Naporter: Exactly. It's a common misconception. "BuT bItCoIn Is UnHaCkAbLe!" Yeah, but the 4 or 6 digit pin you've secured your private key with isn't. View Quote Well, mine's secured with a 43 character password, another 36 character password, another nine character password, and being on a hard drive that I don't connect to a computer that is ever connected to the internet, but 4 to 6 digits is probably ok too. It's not so much the pin or password, though. A lot of malware (at least on desktops) hides in resident memory and scans constantly for Bitcoin addresses on the clipboard, then replaces them. Among other risks. It doesn't matter what your password is if your keys are on a computer that is online, and which might get infected with malware. They don't just copy the wallet.dat file (or whatever a particular wallet software package uses), they try to scan active processes' memory for bitcoin keys. |
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Originally Posted By Sebastian_MacMaine: Well, mine's secured with a 43 character password, another 36 character password, another nine character password, and being on a hard drive that I don't connect to a computer that is ever connected to the internet, but 4 to 6 digits is probably ok too. It's not so much the pin or password, though. A lot of malware (at least on desktops) hides in resident memory and scans constantly for Bitcoin addresses on the clipboard, then replaces them. Among other risks. It doesn't matter what your password is if your keys are on a computer that is online, and which might get infected with malware. They don't just copy the wallet.dat file (or whatever a particular wallet software package uses), they try to scan active processes' memory for bitcoin keys. View Quote View All Quotes View All Quotes Originally Posted By Sebastian_MacMaine: Originally Posted By Naporter: Exactly. It's a common misconception. "BuT bItCoIn Is UnHaCkAbLe!" Yeah, but the 4 or 6 digit pin you've secured your private key with isn't. Well, mine's secured with a 43 character password, another 36 character password, another nine character password, and being on a hard drive that I don't connect to a computer that is ever connected to the internet, but 4 to 6 digits is probably ok too. It's not so much the pin or password, though. A lot of malware (at least on desktops) hides in resident memory and scans constantly for Bitcoin addresses on the clipboard, then replaces them. Among other risks. It doesn't matter what your password is if your keys are on a computer that is online, and which might get infected with malware. They don't just copy the wallet.dat file (or whatever a particular wallet software package uses), they try to scan active processes' memory for bitcoin keys. Secure everything you can with a physical 2fa device. Such as a yubikey. AFAIK it's unhackable. |
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Isaiah 1:18 - "Come now, let us reason together," says the LORD: "though your sins are like scarlet, they shall be as white as snow"
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"And I never did get my lawnmower back!" - Bandit 6
"On the bright side, the money we saved by not going to Mars in the 1970s, we spent on welfare and public schools." - @MorlockP |
Originally Posted By mPisi:
View Quote Brilliant! |
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Brief wick to $61,314 triggered a limit buy.
We've been in a downward trend since April 8th and are below the 55dEMA. If people feel the need, they should position some money and set limit buys. |
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Originally Posted By Sebastian_MacMaine: Heavy sigh. Your bitcoin is on the blockchain. The keys to your bitcoin -- or the data to generate the keys, whichever -- are sitting in a file on your phone. If your phone's OS is defective and allows other applications to peek at your keys whenever your wallet is opened (or maybe even when it isn't), then your keys are in the hands of whoever wants to write some code to do that. I don't know why people trust their smartphones. I might put a couple of hundred bucks in a phone-based LN wallet, but I'm not going to store any major amount on a device that is nearly continuously accessible over radio. View Quote Originally Posted By Naporter: Exactly. It's a common misconception. "BuT bItCoIn Is UnHaCkAbLe!" Yeah, but the 4 or 6 digit pin you've secured your private key with isn't. View Quote I don't have a misconception, you literally stated the assets "were on the phone" which is misleading on a topic that regularly comes up in this thread. The phrases and passcodes existing and being vulnerable to a security breach of your phone I understand. I'm not trying to be pedantic, and a discussion of the various risks of various wallets is always warranted, but that particularly loose language is extremely confusing to many people. |
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Originally Posted By Torf: Brief wick to $61,314 triggered a limit buy. We've been in a downward trend since April 8th and are below the 55dEMA. If people feel the need, they should position some money and set limit buys. View Quote yup. I've got one at $60k. Wonder if it'll hit. Could use my average buy brought down |
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According to Coinbase, at 10:30am it hit exactly $60,000.00, before inching upwards to the current $60,2xx...
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Originally Posted By ARandomClaymore: According to Coinbase, at 10:30am it hit exactly $60,000.00, before inching upwards to the current $60,2xx... View Quote yup! was just going to post that it hit! Although, it was at 11:44 est for me for some reason. Only took less than 3 days since I set up the limit eta: No it hit at 10:30. Just took until 11:44 to complete I guess. 4/14/24 10:30:00 Time of Last Fill 4/17/24 11:44:12 |
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Originally Posted By Ender875: yup. I've got one at $60k. Wonder if it'll hit. Could use my average buy brought down View Quote View All Quotes View All Quotes Originally Posted By Ender875: Originally Posted By Torf: Brief wick to $61,314 triggered a limit buy. We've been in a downward trend since April 8th and are below the 55dEMA. If people feel the need, they should position some money and set limit buys. yup. I've got one at $60k. Wonder if it'll hit. Could use my average buy brought down Yes |
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Just got a limit buy at $59,999.
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If 60k support fails it could go much lower.
Had a small limit order fill at 61k, got money on the way in case it does go lower. |
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"No free man shall ever be debarred the use of arms." - Thomas Jefferson, Author of the Declaration of Independence, 3rd President of the U.S.
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Got a big (for me) buy in at 60k today. The more it dips, the more I load up. This does mean I'm not following the plan of DCAing though.
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Originally Posted By Megastorm: BAIL... BAIL... BAIL... I just dumped all my BTC at 66,920 And put a buy stop in at 67,920 Got a good bad feeling.. Bitcoin Correction Could Deepen - Bulls Eye $60k Level as Next Key Buy Zone https://www.investing.com/analysis/bitcoin-correction-could-deepen--bulls-eye-60k-level-as-next-key-buy-zone-200647362 Hoping to ride it down to low 60s lowering my buy stop as it falls then get bought back in just over the bottom and increase my coin stack. View Quote Well damn. You were right. I hope you got in at that or lower. |
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It's looking like my sale of $69 worth of BTC at $69,420 was a good idea. Major profit!
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Originally Posted By GraboidHunter: It's looking like my sale of $69 worth of BTC at $69,420 was a good idea. Major profit! View Quote HUGE! I'd be pretty upset knowing I could have waited a week and accumulated an extra 15% BTC for the same price...But...Hey...I just look 10 years into the future and couldn't give two flying fucks. Replace gold, real estate, bonds, stocks...Good-bye...Good riddance. Feels good to leave legacy finance. I'll run with it to zero with a smile on my face. It's not about the Dollars and Benjamins anymore. Picked up your $69 today at a discount. You'll never see it again! Thanks! |
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Originally Posted By Jagrmaister: Figure out your retirement on a BTC Standard, boyos https://bitcoincompounding.com/ View Quote I’m confused. I thought we weren’t selling our BTC for fiat? According to these calculations, in 2034 I will be able to buy Canada and still have enough for the next 20 years of ball’n. |
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"You come to Bitcoin for the greed, you stay for the revolution".
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Looks like the halving could occur tomorrow night around 10pm at the earliest.
232 blocks remaining. |
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"You go to a supermarket and you see a faggot behind the fuckin’ cash register, you don’t want him to handle your potatoes.” – Neil Young re: AIDS
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Originally Posted By goloud: I’m confused. I thought we weren’t selling our BTC for fiat? According to these calculations, in 2034 I will be able to buy Canada and still have enough for the next 20 years of ball’n. View Quote View All Quotes View All Quotes Originally Posted By goloud: Originally Posted By Jagrmaister: Figure out your retirement on a BTC Standard, boyos https://bitcoincompounding.com/ I’m confused. I thought we weren’t selling our BTC for fiat? According to these calculations, in 2034 I will be able to buy Canada and still have enough for the next 20 years of ball’n. It's a tool. If you want to sell for dirty fucking fiat into your retirement, it's a solid "What if" on what can be accomplished. |
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Originally Posted By Jagrmaister: Figure out your retirement on a BTC Standard, boyos https://bitcoincompounding.com/ View Quote According to these calculations, I'll be a billionaire! I expect Bitcoin's CAGR to outperform for awhile but this seems a bit optimistic that it'll still be chugging at 10%+ by 2053. |
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Block #839800 just finished. 200 left.
I think that "retirement tool" is showing present value in $ for several different curve fits similar to the rainbow chart. I don't know if any of it will play out accurately since it shows BTC hitting $10 million in what I believe are today's dollars which might be a little far fetched, even for 2050. It's just a bunch of assumptions. |
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Originally Posted By Torf: Block #839800 just finished. 200 left. I think that "retirement tool" is showing present value in $ for several different curve fits similar to the rainbow chart. I don't know if any of it will play out accurately since it shows BTC hitting $10 million in what I believe are today's dollars which might be a little far fetched, even for the mid 2030's. View Quote Yeah, that tool is too bearish for me. I don't like it. |
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Originally Posted By Jagrmaister: Yeah, that tool is too bearish for me. I don't like it. View Quote View All Quotes View All Quotes Originally Posted By Jagrmaister: Originally Posted By Torf: Block #839800 just finished. 200 left. I think that "retirement tool" is showing present value in $ for several different curve fits similar to the rainbow chart. I don't know if any of it will play out accurately since it shows BTC hitting $10 million in what I believe are today's dollars which might be a little far fetched, even for the mid 2030's. Yeah, that tool is too bearish for me. I don't like it. Still impressive even with a bearish model. The most conservative one shows 0.5 BTC spinning off $100k in value for many years, and only getting down to 1/4 BTC in 2053 with total value still climbing. |
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Originally Posted By Torf: Haha! Still impressive even with a bearish model. The most conservative one shows 0.5 BTC spinning off $100k in value for many years, and only getting down to 1/4 BTC in 2053 with total value still climbing. View Quote View All Quotes View All Quotes Originally Posted By Torf: Originally Posted By Jagrmaister: Originally Posted By Torf: Block #839800 just finished. 200 left. I think that "retirement tool" is showing present value in $ for several different curve fits similar to the rainbow chart. I don't know if any of it will play out accurately since it shows BTC hitting $10 million in what I believe are today's dollars which might be a little far fetched, even for the mid 2030's. Yeah, that tool is too bearish for me. I don't like it. Still impressive even with a bearish model. The most conservative one shows 0.5 BTC spinning off $100k in value for many years, and only getting down to 1/4 BTC in 2053 with total value still climbing. My real problem with it is none of the models make me a Billionaire by 2053. I am DISAPPOINT. |
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Originally Posted By Jagrmaister: Figure out your retirement on a BTC Standard, boyos https://bitcoincompounding.com/ View Quote |
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I like cars.
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Originally Posted By Jagrmaister: Figure out your retirement on a BTC Standard, boyos https://bitcoincompounding.com/ View Quote Not sure I understand this. Is it saying btc will be 1 - 2 million in 10 years? |
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Proud Member of Team Ranstad
"Hillary's corruption is corrosive to the soul of our nation." Donald J. Trump, 10/29/2016 |
Originally Posted By Got_Nukes: Not sure I understand this. Is it saying btc will be 1 - 2 million in 10 years? View Quote View All Quotes View All Quotes Originally Posted By Got_Nukes: Originally Posted By Jagrmaister: Figure out your retirement on a BTC Standard, boyos https://bitcoincompounding.com/ Not sure I understand this. Is it saying btc will be 1 - 2 million in 10 years? Roughly. Depending on which model you choose it shows different CAGR. Look at their chart then coordinate with the boundaries you believe may happen. Then you can input your decided annual disbursements of your current stack to yourself as a living Standard in whichever year you wish to retire and follow the flow and valuation of your remaining BTC relative to USD through those years up to 2053. Bitcoin continues putting in ATHs... Attached File |
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Originally Posted By Jagrmaister: Roughly. Depending on which model you choose it shows different CAGR. Look at their chart then coordinate with the boundaries you believe may happen. Then you can input your decided annual disbursements of your current stack to yourself as a living Standard in whichever year you wish to retire and follow the flow and valuation of your remaining BTC relative to USD through those years up to 2053. Bitcoin continues putting in ATHs... https://www.ar15.com/media/mediaFiles/268409/1000009383_jpg-3191352.JPG View Quote |
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Originally Posted By Jagrmaister: Roughly. Depending on which model you choose it shows different CAGR. Look at their chart then coordinate with the boundaries you believe may happen. Then you can input your decided annual disbursements of your current stack to yourself as a living Standard in whichever year you wish to retire and follow the flow and valuation of your remaining BTC relative to USD through those years up to 2053. Bitcoin continues putting in ATHs... https://www.ar15.com/media/mediaFiles/268409/1000009383_jpg-3191352.JPG View Quote damn it.....slow down. make it to 4/20! |
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Originally Posted By Torf: The way I look at the chart, it appears that there is a constant and increasing amount of investment in mining BTC. Could one rationally make the analogy that it's like an investment in gold mining? Investors are willing to spend a lot of money buying equipment to bring up a precious metal because they know that it's lucrative. It appears that this graph is showing that investors are willing to spend a lot of money on assets to mine BTC, knowing that their proceeds are lucrative. Am I off on this or is it a simplistic view? View Quote View All Quotes View All Quotes Originally Posted By Torf: Originally Posted By Jagrmaister: Roughly. Depending on which model you choose it shows different CAGR. Look at their chart then coordinate with the boundaries you believe may happen. Then you can input your decided annual disbursements of your current stack to yourself as a living Standard in whichever year you wish to retire and follow the flow and valuation of your remaining BTC relative to USD through those years up to 2053. Bitcoin continues putting in ATHs... https://www.ar15.com/media/mediaFiles/268409/1000009383_jpg-3191352.JPG Basically, more and more entities are finding it a lucrative enough proposition to invest grandiose amounts of investment and energy into mining Bitcoin. As they do so, they further secure the network and solidify Bitcoin's success. It's a choice to adopt, power on, and secure Bitcoin. The graph shows huge entities doing just that. If you've ever got doubt, you can witness Game Theory in a chart. |
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Offered to buy my buddy's stack in cash. He said "No. I'm going to see if you're right in the end." At least some people find my arguments compelling.
Going to take my money to auction instead... Original "Buy Bitcoin" sign at auction |
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Originally Posted By Jagrmaister: Offered to buy my buddy's stack in cash. He said "No. I'm going to see if you're right in the end." At least some people find my arguments compelling. Going to take my money to auction instead... Original "Buy Bitcoin" sign at auction View Quote Wow, you'd think that'd be selling for more. Look st some of the crazy prices NFTs were going for last bull run. Now, THAT, would would be something worth turning into an ordinal. |
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