A few of my friends really thing when the dollar (?) or the djia goes Way down , btc will go way up

How do you feel about this idea?

How do you think btc price will respond to the March stimulus , how about whenever unemployment aid ends?

Depends on how much you don't like the winter. You're probably good until early-mid October when the snow starts. From there it starts getting better maybe mid-April. Its not "nice" until May at least.

If you get bored playing online you can always venture over to Watersmeet casino. Not sure if they still have it but they used to run 1/2nl Thursday-Sunday. Was the site of my first casino live poker experience back when I was 18/19.

As the value of the dollar gets more and more worthless, it follows logically that the value of BTC goes up.

So when the dollar reaches 0 worth BTC will be worth a million dollars and a million times 0 is wait a second...

how about btc vs djia

I guess we'll see in the next major market downturn. Last March Gold held up much better than BTC. BTC just went down with the rest of the market just like it was any other stock.

I'm not arguing whether the price will continue to go up and reach a million or whatever the target is. But I do question the argument that it acts as a hedge to USD or the equity markets.

If Waterworld taught me anything, it is that the currency of the future will be dirt.

Gretirementplanisn'tburiedinthebackyard,it*is*theb ackyardG

I agree with you. But it seems like people are convinced that the population will sell stocks and then rush to btc. Instead of gold,treasuries and Bonds. But I mostly know theory not practice

Crypto will eventually decouple from the stock market but that could take several decades.

I pray it’s dirt over water. Is Detroit a lot better than ironwood weather and racism wise?

bitcoin suffers from being the chicken or the egg. because of that, it's highly unlikely it ever becomes more than a speculation investment. that doesnt mean it won't be a lucrative investment, it's just never going to destabilize fiat currencies until it stops having wild swings.

TJ - there is a lifetime of fun to be had within the confines of a ski resort. Skiing is expensive and so are lessons. I would start with going to the resort for a day, rent some gear and get a lesson. You will be on a bunny slope and you will learn the very basics of navigating your way down, loading and unloading a chair lift, and managing your gear etc.

Once you have the basics - its up to you. If you have friends that are good and are willing to mentor/teach you that is ideal. But that is really the starting point.

I honestly have zero clue how many days I have on skis but its a really big number. Skiing on weekends, crowds etc do not appeal to me. What gets me off is being on the top of a peak and not seeing a single other person. Then charging down that thing.

To do that kind of stuff you have to have some knowledge. There are an absolute ton of resources to gain the knowledge of what to look for in order to stay safe.

A bare minimum is an avy 1 course. Before you take that you should be a fairly decent skier. Meaning you should be able to ski pretty much any conditions on any slope on the hill (imo). Going into the backountry that stuff is in its natural state and you encounter a wide array of conditions and only being able to ski blue groomers aint gunna cut it

My fave book is called staying alive in avalanche terrain by bruce tremper. HE is a long time avy forecaster in utah and he is pretty much the man. I made SPC read it b4 she skied with me.

Hey Garik we had another epic snow shoveling day today 12" of fresh. We were in a rush to get to the hill so we had to bust out this bad boy.

Confirmed jelly.

Petroleum jelly.

Wife had an appointment this afternoon, so she tried to go out in her mini. This did not go well. I had shoveled the paved part of our driveway, but not the gravel road that leads to our house off the city road.

So her mini has skid control that won't let wheels spin, meaning that she rapidly lost momentum as the car cut power to her wheels every time they lost traction. About half way down the gravel road, she came to a gradual stop and got 100% stuck. Even once I figured out how to turn off her auto traction, we had to shove boards under her drive tires three times to get her to the city road (which was just about as bad) and then back to the garage.

I spent an hour or so shoveling tires ruts for the whole damned 1/4 mile, and then jumped the old CRV (which had a dead battery because it never got driven during COVID) and drove it up and down the road a few times to compact the sugary snow as much as possible. Finally let her take the CRV to her appointment, but the mini is in the garage until the next thaw. In the mean time, she tells me that the roads are basically perfect once you get half and mile from the house. Figures.

On the plus side, meguesses you haven't had your mailbox knocked down in a while?

ETA: Just realized I might be incorrectly assuming where your mailbox is located.

GglasshalffullG

Gold also has a market cap of $12 trillion. At the time, Bitcoin had a market cap of ~$150 billion which is now on the cusp of $1 trillion. As market cap increases, volatility decreases.

Bitcoin is a speculative store of value working its way up the adoption S-curve so it's naturally going to be volatile in the short term. The long term use case is a reliable store of value which is measured over years if not decades.

At 21T market cap, 1 BTC will be equal to 1,000,000. Imagine realizing this at $250/BTC!

Doesn't make any of what I said untrue. Like I said we'll see what happens and I'm not saying I know what will happen.

I do agree it's a speculative asset. I disagree that it will be considered a long term reliable store of value in the future.

Or at $100k or $250 or even $900
I agree that it is a long term store of value. Reliable is iffy

I guess we’ll find out in the next couple of decades.

at what point will it be too big and the fail? a billion $ a coin?

bitcoin is actually a complete shitcoin to be honest

I don't think that would be dictated by what price it trades at relative to the dollar.

But I guess we'll see if it continues to hold people's interest for that amount of time without anything else emerging to supplant it or just make it moot.

From Dust you came, and so Rush shall now return.

The only economic concept I understand.

OMC thinks the opposite, that water will be the commodity. As it might be now in Texas. I just realized there is a flaw in my absolute refusal to buy bottled H20

Is there such a thing as a counterfeit crypto currency?

It's basically worthless as money