They Work in Crypto, ...

[NoahA]

You can look in the Bitcoin price thread, the constant berating when Btc was down from ath $20k in 2018, 2019 when price was $4k and $3k, constantly telling us that Btc is never going back above $20k

It happened before that, when Btc crashed from $1200+ to below $200 and ASSHOLE ET POSTERS SUCH AS deaddog were fudding and beating up on the Bitcoin believers

In the future, when Btc is down to $200k from $500k ath, ASSHOLE ET POSTERS SUCH AS deaddog will be fudding and beating up on the Bitcoin believers

I think I see a pattern here. When Bitcoin is down and bullshit posters are on the attack, that is the time to buy.

Lots of people are getting bullish... for example...

And also Adam Back is betting on 100k before the halvening if I remember correctly. A general stock market crash could take it lower, and I would love that for loading up purposes, but I'm feeling that we won't get too much more time to buy up cheap sats.

 

[johnarb]

I am honestly not sure how this works. The way I see it, either the employer or the employee takes a huge risk. At these prices now, I'm feeling very confident that its up from here. Even a dip down to 20k or 15k would happen very quickly in my opinion.

One of the things that really stood out to me was how many time bitcoin did a -70% or -90% move and then came back strong. I think we did about -77% this time around, and are still at -61%. It is therefore an excellent time to buy, or enter into a contract to be paid in bitcoin. If you can get 3 BTC per year, as you suggested, I think seeing your salary hit $300k in USD isn't too far off. But why would an employer take this risk? As I say though, I have no idea how this works, nor where they are getting the bitcoins from.

[not a recommendation]

https://www.bitwage.com/

There's no risk to the employer, they just have to agree to use a company like bitwage as a payroll processor for the employee

Employer will pay fiat, whatever the agreed salary terms of the employee

Bitwage will do the usual stuff such as payroll deductions for tax witholdings, insurance, etc and will also do the conversion to Btc to send to the employee wallet

[I looked into Bitwage during the 2017 bull market, when crypto portfolio value hit a nice number, but then we got the humbling bear market... such is the cycle of Bitcoin bull-bear, that is why the number 1 rule of Bitcoin is to survive the bear market in order to reap the rewards of the future Bitcoin value. Stay humber, stack sats, DCA, hodl]

 

[johnarb]

I think I see a pattern here. When Bitcoin is down and bullshit posters are on the attack, that is the time to buy.

Lots of people are getting bullish... for example...

View attachment 324098

And also Adam Back is betting on 100k before the halvening if I remember correctly. A general stock market crash could take it lower, and I would love that for loading up purposes, but I'm feeling that we won't get too much more time to buy up cheap sats.

Uptober will be starting in the next couple of days

 

[M.W.]

Look who is the crybaby here. Can't allow any negative crypto press. Get out of your sandbox and let others breathe even when you disagree.

You are such a FUCKING LIAR

You are not here to engage to learn, go a mirror and repeat what you're saying 1000 times and convince that ASSHOLE LIAR that you see

May I remind you that you posted bullshit false information fud about the "spread" and then when you got caught, you switched it to fees

May I remind you that you posted bullshit false information fud about "Btc price deteriorates" and when I posted it's up 60% YTD, and beating RISK-FREE US Treasuries on the 3 years

ASSHOLE ET POSTERS SUCH AS deaddog have been fudding and beating up on Bitcoin believers whenever the price is on a bear market cycle

schweiz, soesbetter, and others

You can look in the Bitcoin price thread, the constant berating when Btc was down from ath $20k in 2018, 2019 when price was $4k and $3k, constantly telling us that Btc is never going back above $20k

It happened before that, when Btc crashed from $1200+ to below $200 and ASSHOLE ET POSTERS SUCH AS deaddog were fudding and beating up on the Bitcoin believers

In the future, when Btc is down to $200k from $500k ath, ASSHOLE ET POSTERS SUCH AS deaddog will be fudding and beating up on the Bitcoin believers

Being nice to ASSHOLE ET POSTERS SUCH AS deaddog does not work. Some of the believers have stopped posting

There may have been many ET readers who did not invest in Bitcoin for fear being ridiculed. That's the effect of fud

One day I will be banned, but it is what it is, so I want to make sure my last message is positive

Have a Wonderful day!

 

[Overnight]

Oh come on, I don't hate bitcoin. If it ever gives me the opportunity to climb on the bandwagon I'll be happy to take advantage of it...

Just from a charting perspective, that opportunity is now if you want to "climb on the bandwagon" in a holding sense.

If you may or may not know, I myself am not involved in crypto at all and have just a passing interest, and while I still see BTC as a vehicle too volatile in value to use for rendering products or services (which johnarb and I have discussed at some length), one thing is for sure...

It is maintaining a floor of ~$25K to $26K quite well, and that's not even looking at a chart. That's just through the osmosis of noticing the prices every so often on whatever medium I come across, and my fuzzy memory.

So from an investing perspective the bandwagon is here, and you can dip your toes in with some sats for a hold. Think of it as AT&T but with better upward potential than a +100 year-old staple that is now one of the world's worst fucking stocks ever.

 

[M.W.]

One could as well argue that it has not been able to creep out of that 26/27k trough and hence reflects weakness. That's the thing with any sort of holding on to past data to predict the future: you can't.

Just from a charting perspective, that opportunity is now if you want to "climb on the bandwagon" in a holding sense.

If you may or may not know, I myself am not involved in crypto at all and have just a passing interest, and while I still see BTC as a vehicle too volatile in value to use for rendering products or services (which johnarb and I have discussed at some length), one thing is for sure...

It is maintaining a floor of ~$25K to $26K quite well, and that's not even looking at a chart. That's just through the osmosis of noticing the prices every so often on whatever medium I come across, and my fuzzy memory.

So from an investing perspective the bandwagon is here, and you can dip your toes in with some sats for a hold. Think of it as AT&T but with better upward potential than a +100 year-old staple that is now one of the world's worst fucking stocks ever.

 

[semperfrosty]

Wow... we have been so patient with you for months, but probably even years. John pointed out all your fallacies but you still keep arguing.


You said you don't know how to value it, and then you give a perfect explanation that works for you. Stick with supply and demand and wait for it to trend up. Its a good strategy, and it will save all of us more time in trying to explain it further to you. There is nothing wrong with your strategy so just stick with it, but its stupid for you to waste more time in digging deeper when you invalidate ever single more thorough explanation. You just want to operate at the surface level, and its perfectly fine. Bitcoin probably doesn't even need more complexity for the general public. Once everyone uses it to both a a store of value and method of exchange, then simply using bitcoin because everyone else does will be a wonderful explanation and a pivotal milestone.

Oh come on, I don't hate bitcoin. If it ever gives me the opportunity to climb on the bandwagon I'll be happy to take advantage of it.

I just responded to the idea of being paid in BTC and gave my opinion that it was a risky proposition.

How about you Noah, you willing to be paid in bitcoin not knowing what the fiat value will be at the end of the next month or next year. Knowing that you will have to pay a fee to convert it to fiat in order to spend it.

I still don't know how to value it. What makes it worth 30K today and why will it be worth 5k or 1 million next year? Supply and demand I understand. Supply is increasing and demand is decreasing. No reason for the price to increase.

As for why I'm spending so much energy posting on this forum, I'm trying to find some intelligent interaction and debate. Not much luck so far, only immature profanity and name calling.

I wouldn't know about the Thailand thing, I'll leave that to you more experienced guys.

Supply and demand is the correct measuring stick but I disagree that supply is increasing and demand decreasing though.

Some figures below(AU),current today that may be of interest.

Perhaps examine the supply data alongside trading activity?

Market cap
A$818.5B

Volume (24h)
A$9.3B
-55.84%

Circulating supply
19.5M BTC
93% of total supply

Typical hold time
98 days

Trading activity
99% buy
1% sell

 

[NoahA]

[not a recommendation]

https://www.bitwage.com/

There's no risk to the employer, they just have to agree to use a company like bitwage as a payroll processor for the employee

Employer will pay fiat, whatever the agreed salary terms of the employee

Bitwage will do the usual stuff such as payroll deductions for tax witholdings, insurance, etc and will also do the conversion to Btc to send to the employee wallet

[I looked into Bitwage during the 2017 bull market, when crypto portfolio value hit a nice number, but then we got the humbling bear market... such is the cycle of Bitcoin bull-bear, that is why the number 1 rule of Bitcoin is to survive the bear market in order to reap the rewards of the future Bitcoin value. Stay humber, stack sats, DCA, hodl]

Sure, this all sounds good as a way to handle all the backend work, but the question remains about what you negotiate as a salary. If the salary is $100k USD per year, congratulations, you are losing 5% every year to inflation but its consistent and predictable! If the salary is 4 bitcoin, now you take the risk on this going up and down big time.

So the question remains, is there really a contract out there for 1 year, and even longer perhaps, where you agree to a set bitcoin amount? If you signed at 60k, the past two years have been bad for you, but if you sign today, you might end up doing very well going forward. I just don't see how anyone, both worker and employer, would make this deal, so I figure everyone who says they get paid in bitcoin is simply just receiving bitcoin after it was purchased that day, but your contract uses a USD figure as a yearly salary.

 

[deaddog]

Typical hold time
98 days

Trading activity
99% buy
1% sell

How do they come up with that data?
In order to have buy someone has to sell.

You would think with that kind of buying pressure the price would be increasing. Seem range bound at this time which I take to mean that there is a supply out there that will meet the demand.

 

[deaddog]

So the question remains, is there really a contract out there for 1 year, and even longer perhaps, where you agree to a set bitcoin amount? If you signed at 60k, the past two years have been bad for you, but if you sign today, you might end up doing very well going forward. I just don't see how anyone, both worker and employer, would make this deal, so I figure everyone who says they get paid in bitcoin is simply just receiving bitcoin after it was purchased that day, but your contract uses a USD figure as a yearly salary.

That was my point about being paid in BTC. The salary is set in fiat and converted to BTC when paid. BTC neeeds fiat to be worth anything.