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DXY ($ index)-a big winner this year (so far) +15% (more if you had an interest bearing account).
Compare with -21.6% for S&P 500 (yes i know, even worse than this for bitcoin).
Cash is king...for now (still hodling, though, like a stubborn person I am).
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The regular money is not real, but bitcoin is real.
I agree with most of what you have said except this. Regular money is real. At least till now. If not, Why do you Compare your Bitcoin with USD? Why this Wall Observer of BTC/USD? Well, I would say accept the existence of Real money. If there is no crowd and no one to rule. What is the benefit of being a king? Sorry, $20 bucks in my pocket are real this very moment as far as me buying a lunch with it, but the BIG money is not. Observe: https://fred.stlouisfed.org/series/M2SLWhere the extra $5 trillions from Jan 2020 to Jan 2021 came from? From just arbitrarily writing a few numbers into the ledger, no doubt. Does this feel 'real' to you? Seems more like a fantasy of a feel-good illusion, which is now playing out in strange ways. |
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They keep saying...institutions, regulations, etc etc.
The regular money is not real, but bitcoin is real.
So it is understandable that people with fake money want to disparage "real money".
However, the "fake money people" have power.
It might take 40 years for that power to slowly seep from the "fake money" to "real money" and if it doesn't and they succeed in corrupting bitcoin, then the current fin system might not able to survive.
I am just going to 'hibernate' and wait; the trend should become visible in 10-20 years or so.
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but, but...where it's ALL going?
then...
last night's wordle was
very weak and kinda dumb
much disappointment
#haiku
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Partially OT...although I traded VB coin when it was profitable to do in the past, over the last 3-4 years I gravitated more and more toward an opinion similar to philipma's: VB coin turned out into an abomination (maybe it always was  ). I honestly don't see how it can succeed long term when there is no 'independence' mechanism there whatsoever. They can turn and twist their tokenomics any way they can and NOW Gary is chiming in with this snippet: https://www.wsj.com/articles/ethers-new-staking-model-could-draw-sec-attention-11663266224TL;DR securitaa...securitaaaaa.. Not sure what would happen with it's POW offshoot (that is coming tomorrow). Could be a gimmick or could provide a valuable lesson. IMHO, there is NO difference between fiat and POS VB coin..not even now, but most certainly not in the future. It all is up to bitcoin and if it fails (which I doubt), then it's all just history and we would be back to square one or worse, essentially. All pos coins are worse than fiat. they are essentially unregulated bonds. which is worse than fiat. back to btc can’t see an end to the end around us fed is doing with usa i bonds. all stable coins pegged to the us dollar are complete shit when compared to a usa I bond. every year 330 million people are allowed to buy 3.3 trillion dollars in I bonds. I bonds are pegged with perfection to the us dollar. thus all usd pegged stable coins are under constant pressure from I bonds. Since inflation did not drop and the new I bond number comes out on oct 1 it will be high again this means huge pressure against all stable coins pegged to the usd. since a lot of btc is purchased with exchange held stable coins which are a little more liquid then I bonds When and If someone is faced with keeping 10000 in a stable coin waiting to get btc or fuck it just buy 10 x 1000 I bonds I am thinking a lot of money is flowing into I bonds. hurting btc purchases. I dunno, I don't sneeze at a thousand bucks interest on a 10K investment in 12 mo (or a bit less soon), but did not go through the motions yet. I doubt that many of those 300 mil people are doing it. The conditions for this used to be better (with an extra % on the top of basically inflation). |
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Partially OT...although I traded VB coin when it was profitable to do in the past, over the last 3-4 years I gravitated more and more toward an opinion similar to philipma's: VB coin turned out into an abomination (maybe it always was ). I honestly don't see how it can succeed long term when there is no 'independence' mechanism there whatsoever. They can turn and twist their tokenomics any way they can and NOW Gary is chiming in with this snippet: https://www.wsj.com/articles/ethers-new-staking-model-could-draw-sec-attention-11663266224TL;DR securitaa...securitaaaaa.. Not sure what would happen with it's POW offshoot (that is coming tomorrow). Could be a gimmick or could provide a valuable lesson. IMHO, there is NO difference between fiat and POS VB coin..not even now, but most certainly not in the future. It all is up to bitcoin and if it fails (which I doubt), then it's all just history and we would be back to square one or worse, essentially. |
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After the announcement of the data in the US, the downward decline started yesterday, rejected at 22 thousand 800 dollars. It is not difficult to think that it will test 17 thousand 800-odd dollars from here. If worse news comes, it seems like we will continue towards 13 thousand dollars. We are below 20 thousand dollars. It is very likely that we will see another case of decline in the near future.
maybe or maybe NOT...like guessing based on tea leaves. |
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The end of the line, buddy bud
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Someone should design a MeritBot which determines which merit farmers are capable of demonstrating original thought by cross-checking the forum and Google for repeat content, and then award them with an appropriate amount of merits.
On the flipside, if a merit farmer writes 5 or more merit-less posts in a row, they should be excluded from the bot's consideration for the rest of eternity.
Yea....UNLESS..someone designs a 'MeritBot buster', and round round it goes (buster buster, etc), just like in this M. Wahlberg old movie, albeit with lots of cursing, sorry...and don't watch until the end  https://www.youtube.com/watch?v=2VY_xxL2jL0EDIT: FED did a number on stonks today-totally artificial, they just "want" it down to ease inflation. Bitcoin just went down in sympathy for whatever reason WS managers sell it at the same time as they sell stonks. Prediction: feds will cause deflation quite soon, and then would not know how to get rid of it. |
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Bitcoin is surging above 22K...could it be because of Sweden election results?
naaah
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No, you will not see 60k+ in the next year, that will probably not happen until 2025.
In the last cycles it took a bit less than 2 years to reach the ATH after the bottom. If that repeats and if this cycle's bottom was in June '22 we will see 60k in early summer of 2024 However I'm a bit skeptical if this cycle plays out like the other ones. It was already different in the run-up. edit: btw nice that you talk about Bitcoin from time to time, while mainly cheering on warring factions like it's a soccer game that dude typically does not talk bitcoin. |
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Suddenly the market seems a little too bullish, but I suspect that the recent FUD campaign over mtgox funds being released (it was clear they weren't going to be to any of us claimants, but for whatever reason the rumors were strong) led to a buying opportunity that the big boys couldn't resist. There's definitely a lot of people on the sidelines waiting for the next bull run to start. I'm not one of them though. Dollar cost averaging is your friend and now is the time to be doing it.
Depending on how this develops, could be similar to the April 2019 sudden gap upwards from ~$4K...we shall see. |
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I was on a business visit this morning to a neighboring farm.
I was left alone for a few minutes while I waited for coffee to be made.
Out of boredom I scanned through their bookshelf, I had to do a double take when I spotted the spine of a book, Bitcoin - a beginners guide.
I thought if these very conservative, regular folk (in god we trust) are taking interest in and possibly own Bitcoin, Bitcoin's time has definitely come.
Out of politeness I did not bring up the subject, but will broach the subject if the opportunity arises at a future date, perhaps over a beer. I am insanely curious.
Given the above.
To those who sold at $18800 - what the fuck! were you thinking of.
To those waiting for $15k $12k $10k good luck with that, at some point the ship will sail and you will curse the day for your inaction.
A lesson from history, I'm still waiting for my $680 order to fill.
your order was only $9 away from the $689 whale order (who recently sold 5000 of those bitcoins)...possibly explains why yours did not fill, lol. |
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Why so grumpy...actually, not having a crown (or something similar in responsibility) probably gives you more freedom (like being an artist...look at George W).
He has good genes, though, ...could be facing 20 years or more of being king.
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Fucking idiots. Seems we pumped a bit on that news too lol They certainly look like gremlins concocting some ill-conceived plans that NO ONE requested. The ridiculousness of it all is underlined by the small overall % of power bitcoin is using in comparison with gigantic polluting and earth destroying industries like gold mining, for example, plus too many more examples to mention. Obviously, they have an agenda. I have no idea why, but something something about enslaving would fit the bill to a tee. I rarely speak "political" as it is generally not worth it, but enough of this nonsense already. <end of a rant> What you claim to be ridiculous, i find to be inevitable. what is inevitable? banning of bitcoin? sorry, but it is tickling my "bullshit" sensor. Yep, if you think someone will willingly hand over global reserve currency status without putting up a fight you have a surprise coming. Hmmm...bitcoin is $405 bil, gold is $12.5 tril. Who is banning gold? No one. Bitcoin has to increase 30X to get close to Au. Global reserve currency status is more of a dream right now...maybe in 20-50 yrs, maybe never. I would be totally cool with bitcoin "market cap" of 10-15 Tril (500K-750K). Even at 10tril, bitcoin would not "threaten" anyone, really, with total capital markets in $300 tril vicinity, maybe $500 tril in 20 years. |
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Fucking idiots. Seems we pumped a bit on that news too lol They certainly look like gremlins concocting some ill-conceived plans that NO ONE requested. The ridiculousness of it all is underlined by the small overall % of power bitcoin is using in comparison with gigantic polluting and earth destroying industries like gold mining, for example, plus too many more examples to mention. Obviously, they have an agenda. I have no idea why, but something something about enslaving would fit the bill to a tee. I rarely speak "political" as it is generally not worth it, but enough of this nonsense already. <end of a rant> What you claim to be ridiculous, i find to be inevitable. what is inevitable? banning of bitcoin? sorry, but it is tickling my "bullshit" sensor. |
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Fucking idiots. Seems we pumped a bit on that news too lol They certainly look like gremlins concocting some ill-conceived plans that NO ONE requested. The ridiculousness of it all is underlined by the small overall % of power bitcoin is using in comparison with gigantic polluting and earth destroying industries like gold mining, for example, plus too many more examples to mention. Obviously, they have an agenda. I have no idea why, but something something about enslaving would fit the bill to a tee. I rarely speak "political" as it is generally not worth it, but enough of this nonsense already. <end of a rant> |
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Check this out... https://www.wired.com/2011/11/mf-bitcoin/A depiction of trials and tribulations of bitcoin back in 2011. Interesting read, imho...btc was at $2-3. Named some names..someone had >300K bitcoins back then...wow. |
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