I mean that Mick and I went off topic. I wasnt critical of you. (Still think you might be a secret genius!)
how many members are making 25%? Hell...how many are even making 15% in their sim accounts lol? It's obvious to everyone that you are just that damn good and we peasants cant compare. I drive a ford F250...how could I ever keep up with a Lambo ('08)?
I though the same thing,but I was wrong.Hes much closer to the smartest dumb guy on the board..He literallly cant figure out simple breakevens on ratio spreads..frightening
Everyone wants to buy bitcoin in the past, but for some reason, people don't want to buy bitcoin today at $55k/btc In the future when the bitcoin price is $550k/btc, people would want to buy the bitcoin of the price in the past meaning today I know about this... I started buying bitcoin in mid-2013 at $100/btc, but I would have preferred to buy bitcoin at the price of the previous year, $10-12/btc same as the Winklevoss twins Or maybe the price of 2 years prior in 2011 at around $1/btc the year when Satoshi Nakamoto stopped posting Yet, ET did not want to buy bitcoin 2 years later in 2015 https://www.elitetrader.com/et/thre...itcoin-believers-still-comfy-about-it.288985/
I remember thinking in 2012 when it was $100, that if I used my $1000 to buy 10 bitcoins, instead of the silver I was stacking, that I would have a considerable percentage of all there will ever be. Knowing the world population was in the billions, and with my 10 BTC, only 2.1 million people could have this much, I thought that would be cool. But alas, I did nothing. If only I did some research back then... I think the most sensible approach now to value bitcoin is looking at the market caps of everything else, and then figuring out how much of that market cap is inflated by fiat. Housing for example is simply inflation and money printing, as are equities. So when we realize that the market caps of things can be easily 100 Trillion, and likely more, and this is based on a broken money, then it makes very logical sense to conclude that Bitcoin could be 100 Trillion. Doing the next 100x increase though will be much harder than the previous 100x for bitcoin, and I'm sure there will be lots of selling at $100k and $500k. But I also think once we get into these values, it can move faster because things will be very clearly broken. Its just like a ship taking on water. It begins to list, and maybe many people don't notice, but at some point where the balance changes, it has a very fast change in orientation before finally going down. (ie. Titanic coming out of the water just before the final plunge)
WTF does this thread have to do with parking in BTC? Stay on topic. You're using an analog of $10 BTC to the current mark. BTC was $15 in 2012... That ship has sailed and making an analog to a 4000x return is pretty stupid, even for ET.
The highest price of bitcoin in 2012 was $13 https://www.statmuse.com/money/ask/price-of-bitcoin-in-2012