It's just like a ping in the network, a keep-alive signal. Seeing that King Daddy is not doing this lately.......
I hate to be someone who just wants to tolerate anything - even a 53% correction during a bull market, but jeez AlcoHoDL, I am having trouble considering negativities in our current BTC price situation. It's like we are in a kind of BTC price consolidation area that everyone would wish for, but they had not known that they had been wishing for this.
Think about it. There are so many damned peeps who had been wishing for consolidation while bitcoin prices were less than 15% from the top of the price range... How the fuck is that going to happen? Just seems to be pie in the sky to be wishing for BTC price consolidation way the fuck at the top of the price range. Sure anything can happen, but don't many of us realize (and recognize) by now that we should not be wishing and hoping for fantasylandia scenarios that are NOT likely to happen because in the end, we are just wishing for our own disappointment to have created such high expectations.
Think about another angle. Historically there are quite a few instances in which during a bitcoin bull market, bitcoin prices had corrected to somewhere between 20% and 40% and then got stuck consolidating at some lesser point, but still within striking range of such bottom correction point. For some reason, there were a lot of folks interpreting these historical facts in such a way to assert that bitcoin does not correct more than 30% in a bull market and that 30% would be an extreme and likely merely a spike blah blah blah..... almost pure nonsense, just like the supercycle assertions that might have some truths within them, but still in the end, to prematurely proclaim bitcoin has graduated from volatility should seem quite nutso, even though some folks are still making such proclamations in spite of facts and even suggesting that this may be the last time ever that we have 50% corrections during a bull market blah blah blah.
In some sense, the bitcoin space deserves this level of punishment and even more for being such presumptuous twats - and yeah, I even hate to tie shitcoins into this, but there continue to be a lot of them that seem to continue to have a lot of pep in their step - especially when measuring dollar performance.. but even some of them in terms of their shitcoin/BTC pair.. so what can be done? I just don't know. There seems to be some forces that might want to punish all of us for such levels of dumb, and surely I am not even going to suggest that I know where the matter might be going in the short to medium term, and whether it takes 10 years, 20 years, 150 years or some other variant for the vast majority of value to gravitate into bitcoin, we are never going to completely get rid of the various kinds of dumb that is all over the place in the various snake oil products - and sure maybe there might even be some actually decent ones too. so not even saying that everyone is dumb because there are surely a lot of sophisticated products in the shitcoin space, so even though they might be designed to remove dumber folks from their money, they cannot be dismissed as NOT being innovative and creative in those various regards, including so many folks love the gamification of having their value removed from them - and surely some people are getting rich off of such variety of real world offerings.
In the whole scheme of things, I am just having troubles concluding that bitcoin is not continuing to be in a pretty damned decent place, given the various chaoses in the world and what is having to be dealt with. Whether 53% is the bottom of this correction or not, I hardly even have a clue beyond 50/50.. and surely I would feel a wee bit more distanced from such bottom target once we get to $46k and even better if we get above $50k which could take 12 hours to accomplish, more than 12 months or some variant in between.. who knows? I have some inclinations towards UPpity.. but I like to attempt to accept some of the realities of forces that could really get us to another bottom and a lower bottom, but I just remain lacking in knowledge in terms of whether they are ready, willing and able to actually spend such resources to accomplish their objective of getting a new bottom that might NOT be much more than transitory, anyhow, and it may well cost them way more to achieve that than the benefits that they would receive from such accomplishment if they were to achieve it.
I like JJG's issues with crypto sooooo much. Whenever I see someone mentioning the word (I just did), I know there will be a reaction. And Jay is right too. WTF is crypto anyways? This is a King Daddy thread and King Daddy has a name and that name is not fucking crypto. You fucks!
hahahaha
There are some posters here who have actually claimed that they are had engaged in a kind of Freudian slip in their use of "crypto" and they just cannot help using "crypto" in their reference to bitcoin because it is "used so much in mainstream" blah blah blah...
That's about as ridiculous as you can get. It's like saying: "I refuse to think for myself because no one else is doing it." hahahahaha what kind of world would we have if people actually could not figure out how to attempt to improve their understanding or presentation of ideas. Of course, we do not need to agree.. on a variety of matters, and even sometimes our perspectives will change too... but hopefully, we are going to be able to use specific words instead of just saying.. "have you heard of this new thing?" "It's called blockchain." Its really innovative... blah blah blah.. .hardly means shit, if you cannot distinguish bitcoin and you just lump it in there and no one knows what the fuck you are talking about when you refer to blockchain blah blah blah.. but all of a sudden we are supposed to understand what you are talking about when you say "crypto" just because you have seen it used so much out there in the supposed "real" world?
In a few days I'll be having my first dose of the COVID-19 vaccine. The Pfizer variety. I know, 5G, Bill Gates, PlanDemic and all that shit. But I always liked to experiment with myself. I want this thing in me. Whatever happens, I'm a coiner, King Daddy will take care of me, I'm sure.
Been a strange year (year and a half, but who's counting?), for sure.
What a pointless post this is...
NOT!!!#nohomoBut it's good to be back.
Nice to have a variety of perspectives, including peeps currently working on other projects... so yeah, sometimes other projects will take priority.
The only thing left now is a mega-pump to ATH.
May or may not happen... you already know that.. but whatever.
That would take care of everything, even Arrie's crippled new laptop!
True.
bitcoin fixes every lil thing-a-li.
tm... .. even caused me have joy in cleaning up my runny doggie's poop in dee house.. that little fuck..... sure she
(dee doggie) was trying to communicate with me, just prior to dee "accident".. but I was too much engaged in importance in typing my bitcoin-related post to understand what she was saying, exactly.
Poll
