JUST IN. Bitwise chart shows #Bitcoin historically pumps in price after being down in September
Bullish
I am not much of a fan of figuring out what to do in respect to BTC accumulation and/or BTC portfolio management based on months of the year, since either you are accumulating bitcoin or you have already accomplished your BTC accumulation goals, which an overwhelming majority of the world's population is in the former group (or they should be in such group.. or they are in such group without realizing such a thing).. so in other words, September should be an even more serious month to for an overwhelming majority of folks to be accumulating the cornz... yet I have my doubts on that, too... since it probably is going to end up being the case that BTC accumulation is taking place in a kind of delayed way and while BTC prices are going up in the coming months... guaranteed to go up? of course, not... yet let's see what ends up happening..
For some strange reason, I have tended to sleep a lot better after having had mostly gone through my accumulation of corn as compared to when I was going through the accumulation stages, even though I also look back fondly on those days, which was largely, when in doubt buy some more.. .. should be simple times, which anyone in their BTC accumulation stages should be considering, even though there are a lot of BTC dumbasses that falsely presume that waiting is an adequate BTC accumulation strategy, and hey, maybe such a gamble (of waiting) will work out for them, and maybe not.
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Why did you get an iPhone 4S for more than 150 bitcoin while the XS 'only' costs you 0.15? That is the problem with these Bitcoin OGs, they completely lost touch with reality.
Part of the issue in regards to many monetary theories that involve presuming if subjective value is going to contribute towards consuming today versus waiting for tomorrow, and surely there are things that we are going to want today rather than waiting until tomorrow, whether that is an Iphone, hookers, lambos and blow or maybe even something that might have some mixed investment attributes, such as residential property.
One of the problems that I had with that particular chart was not really understanding the presumptions of the chart, and surely there can be a difference, also, with top of the line versus the most basic level of the iphone.. yet sure even the iphone is more difficult to compare as compared to using something like the BigMac as a comparison point - even though even with something like the BigMac we might wonder about changes in the quality of ingredients.
Second, regarding the "crypto" ownership chart, I am not really sure of 1) the meaning of crypto, 2) the source for the chart and 3) how are they defining ownership (I would imagine that there is a threshold level of ownership to count as an owner or as a past owner).
This little graphic may have originated at some exchange or from aggregated data from a couple of exchanges?
I found this one, seems to show more realistic figures, and there are links to source reports (at a fist glance, i'm still checking this out ATM).
https://www.triple-a.io/cryptocurrency-ownership-dataAnd yeah, it's "crypto" (the shadow of Bitcoin), again
I did a quick glance at the linked page, and it does give some additional countries and perhaps updates (and more specifics) in results. It is interesting that for several countries they show the overall population size and the number of "crypto" owners to show the percentage, and worldwide they are showing more than 560 million people (which would be right around 7%) "owning crypto," which truly is way beyond my lame ass amateur estimates of less than 1% of the word's population owning crypto.
I could not really see how they calculated "crypto ownership" (like maybe a threshold of $10 or more preferably something like $100 in value), and even though there was an option to download the report, I did not want to provide an e-mail address.
Fake pump.
I am glad that you got it all figured out.
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