I watched the conference, or at least parts of it from work on CNBC. My god it was so cringeworthy. We as the bitcoin community have got to be better at not looking like such a goofy cult.
I am hoping next time they knock off all the goofy stuff and just have a normal finance conference.
Probably the conference is so big that you also need the show for the casual listener.
You need the Jack Mallers and the Micheal Saylor to gather people from all around the globe, buying 14K whale wallets to finance everything you saw on the Open Source Stage.
The show, the commercial part, the one you call cringeworthy, is the only way to scale up (and maybe properly finance) the amount that actually builds on bitcoin and that it's perhaps more relevant to you.
Even though Bitcoin 2022 Conference was a big event, it failed to bring any positive momentum in bitcoin prices. There was much hype about the event and everyone was hopeful that bitcoin prices will recover but instead, we see some downward momentum in bitcoin. As long as there is no institutional buying, i don't see anything achieved from this conference.
Oh gawd...
![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
I am not even sure whether I should respond to your nonsense.
Do you live in the real world, or are you just trying to shit on bitcoin? Do you actually own any bitcoin?
The bitcoin conference remains a kind of "holy shit" event, especially since there were around 30k people in attendance, and even a variety of shitcoin gatherings going on in the area. What else is new, the shitcoins are going to try to take advantage of bitcoin momentum if they can.
Regarding bitcoin's price action, surely we have been in a kind of weird consolidation for about a year, so I would not characterize the BTC price as going down.. even though surely in recent times, the BTC price is closer to the 100-week moving average (currently at $35k) than it was in July 2021 (when
BTC price dipped down to $28.6k and the 100-WMA was at about $20k at that time).
You can see bitcoin's historic 100-week moving average prices
here.
In other words, I see no reason to get all worked up about BTC prices NOT going up exponentially or as much as people had hoped, and surely institutions and retail are ongoingly coming into bitcoin in increasing ways, and it really does not seem to be a matter of if they are coming in, but when.. so some folks take longer than others, and I don't really see any reason to label lack of moving up fast enough as some kind of BIG disappointment or even to suggest that the conference failed, which just seems to be talking out of your ass rather than really trying to grapple with the real world way that things happen... even bitcoin as a new paradigm-shifting asset class might not follow previous models or what we might believe (or expect - reasonable or not) to be some kind of preferable path forward.