Wow.

Another post offering astrology up as financial analysis. 😀

I agree. And it is frustrating to see so many who don't recognise it as the hard asset it is: fleeing it quickly when under pressure.

I believe a time will come when most investors sell it last, not first.

Yes I'm sure that is a significant factor. And yet it's also considered a long term asset, so jumping out when the market moves (as it will of course) seems odd.

No, I'm looking for a discussion around the slides in other markets which cause sell-offs of bitcoin.
It feels like bitcoin is oversold whenever other markets hit a rough patch.

I didn't say 24/7 trading is a downside.

I wrote that the ease of conversion - including when other markets are closed - can result in price drops in situations where people need to cover a loss. It's an artefact of the financial system it sits in.

I don't think you're capable of understanding the nuance of this discussion, unfortunately.  Cash is not kept in large amounts as investments, so sadly your ATM balance or cheque account isn't likely to sway markets..

I said liquid asset and your argument initially is that I don't understand liquidity. Followed by you comparing cash to a liquid asset. Wait - what? Cash IS liquid.

Then you finish your misunderstanding by explaining the upside that bitcoin can be traded so easily. I wonder if another word for that might be - liquid? Yeah that's it.

You seem to want to score points rather than discuss which is frustrating.


English doesn't appear to be your first language, so let me explain: compared to stocks, gold and foreign exchange - bitcoin had for many years been an asset that the financial sector has considered relatively 'new' and struggled to price.


Again - please read the original post instead of arguing with a point I didn't make. Bitcoin is affected (for example) when any collapse results in forced sell off of bitcoin assets. I didn't say it was affected by the price movement of altcoins themselves.

For most of bitcoin's existence, what appears to be volatility is just the market trying to determine the price of a new asset. But even as it's become more widely adopted it seems that the biggest downward driver on price is bitcoin's liquidity.

It can be so instantly and easily turned into cash. 24x7. So anyone financially compromised turns to their most liquid asset: bitcoin.

When markets drop in property, stocks, forex or even altcoins - bitcoin drops. From FTX to Japan raising interest rates just a quarter of a percent. A lot of people turn their bitcoin into dollars and there's a dip.

Worse, because it's expected now, people sell to avoid the paper loss.

I'm interested to hear people's views on this trend and if, how and when the pattern might be broken.

And is particular, has it kept bitcoin's price lower than it otherwise would be, or are prices recoveries 'complete'?

So fees increase to preserve rough profitability?

Just wondering if anyone has noticed a trend of longer block times when the price drops. I presume some proportion of miners become unprofitable. And that of those - some might need to convert to fiat in the short term to cover costs and so pause mining.

You're attributing bitcoin rises to you party politics? So this fallback again is the current administration's fault.

American politics is a cesspool controlled by money and the media and lobbies that it pays for. Believing any candidate is perfect marks someone as paid or deluded.

Regardless could you take your injection of party politics into bitcoin to reddit where it belongs?

Have a nice day!

Don't have what you need to access your cold storage on you or in a single location.

OP, I think you've been influenced by people who aren't familiar enough with bitcoin and taken that information as being commonly understood.

It's not. That's just your understanding from poorly informed people.

It's well known by people who are well informed that bitcoin is not private, in that you cannot easily or typically use your coin without giving complete or partial evidence of your holdings.

Secondly, your ignorance of address usage is just that - your not having come across it is your doing and no one else's.

We're all learning.

My view on why the halving tends to eventually lift the price is for two reasons.

First, historically bitcoin has a tendency to increase in price for the reasons we're all familiar with.

Then secondly, supply shrinks in combining with this trend: exaggerating holding while others can't buy enough. So the halving of supply eventually has an almost resonant effect in combination with that up trend.

Then - boom.

Bitcoin post halving rallies aren't like other rallies.

The ETFs had a similar but much less exaggerated effect (at least so far).

Is this forum overrun by bots or people for whom English isn't a first language? So many comments and even topics seem to be just specious regurgitation of the obvious but poorly worded. Lots of words saying nothing.

Or am I the only one who feels that way..?

The only problem I have with this is that I am NOT confident they could keep it secure from other people on one hand, or remember the password on the other hand...
That's why my solution requires no need for passwords and is useless to anyone else who finds it.

Thanks!

There are a couple of options:

First, there's this https://www.deadmansswitch.net/. With it you can send emails containing the numbered index.
Alternatively google have an inactive account process (https://support.google.com/accounts/answer/3036546?hl=en) which lets you send messages and give access to various things (like your email and google drive or keep). You can leave the numbered index in google's ecosystem. The numbers will be useless by themselves to anyone else even if they gained access.

Just to add more clarity - and thanks everyone for your comments.

I don't trust lawyers, but not because they're lawyers but because I feel it's a mistake to give anyone access to something which can be taken without interaction with anyone else or easy proof they used it once it's gone.

I don't want to just give it to the people I'm leaving it to, because they're not good at keeping things secure or remembering passwords etc. So if I gave it to them it would either be lost or they'd forget the password to it.  That and the fear that someone else might compromise it in any form which is easy enough for the beneficiary to access it. People outside IT and in particular bitcoin do not have good practices or pay attention to this.

This is why I believe the solution I came up with is workable. The seed phrase in alphabetical order will not help anyone who finds it so can be easily stored or accessed without worry of it being stolen. And the dead man switch (there are a few reliable ways) will provide an index which will mean nothing to anyone else.  You could even put that index in the will. A lawyer can't use it and even when the will is public, 24 numbers will help no one else.

Thanks - it's hard to trust and a trustless solution makes sleep easier.