So... The really edgy thing would for bitcoin just to waltz through this trend line sideways just to piss everyone off at once. But of course it is more likely to go up... or down.
1D below...
I am glad that you came to your senses by the time you got to the end of your statement about king daddy
King daddy no does not do sideways very gracefully, unless it does... so even if you were hedging not to presume sideways, it remains dangerous to presume sideways that might or might not end up happening....
....if that means anything to uie pooie?
Perhaps the paper hands who sold twice in the last year at a loss are starting to feel again the urge to FOMO back in. "Third time is a charm" they say. As the train is leaving the station, the peeps waiting for <30K are scratching their heads. "What if this was the bottom and the thrain never returns to this station again?" - this thought is haunting their minds. (Biting nails and resisting the urge to buy higher than the sold price. Calculating the missed profits day after day. Until one day the FOMO urge is so strong that they succumb to the temptation and press the buy button. Usually this happens after several months of new ATHs. And the buy trade is made just a few hours before the next correction starts, which brings the FUD again and the next registered 30%+ sell loss is the final result.) This is the short story how some get poor by trading, because they are led by their love for fiat and lack of understanding for Bitcoin.
Exactly! Very few understand that the old 4 year old cycle/pattern is dead. We are on the verge of something entirely new. Yearly cycles? Biannual cycles? No cycles? One huge BTC vs hyperinflation wave? Who knows...
Even though it appears that the 4-year cycle is under stress and perhaps even broken.. I would not be so quick as to completely throw it out.. even though likely there had been normies who had been putting too much credence into the idea that king daddy was on some kind of a specific schedule.
Interesting.. and yeah? Can anything be done about it? These may well have been some sophisticated players.. presuming that the same groups got the 119k coins.. there are a lot more of those presumably stolen bitfinex coins that could get moved.
yes but at great cost to BTC's integrity.
You seem to be buying into negative presumptions in order to denigrate bitcoin.. with your "great costs" language.. and your moralizing with your chosen word: "integrity".
Over bitcoin's life, we have had quite a few exchange hacks and exit scams in bitcoinlandia.. so surely there are likely "lessons to be learned" from a variety of incidents that have happened over the years, and surely some of the earlier cases were likely pure sloppiness in which some of the ways of operating within bitcoin have become quite a bit more professional in several ways, and at the same time, I consider it problematic to be narrowing in on a moralizing framework in regards how you believe that bitcoin might be lacking because it seems quite difficult (if not impossible) to catch the bad guys. So what would you like to argue? Better tools to catch bad guys?
Bitcoin does not stop attempts to develop better tools to attempt to catch bad guys, and of course, frequently the powers that be, the mainstream media, the bitcoin naysayers, the no coiners, the shitcoin pumpers and even some other classes of individuals/institutions will end up exaggerating aspects of the supposed problem such as suggesting that bitcoin is the problem, but seems to me that you should know better than playing into those kinds of moral denigrations of bitcoin phillip..
There is a lot going on in bitcoinlandia, including that there may well be some bad guys that are able to stay ahead of law enforcement and to get away with keeping that value that they stole.. .are the bad guys going to make mistakes that contribute to getting caught? I don't know.
Do I know about the various tools that are used by law enforcement? I don't know that either because I don't have too many clues about how I would attempt to get away with a crime if I were to want to commit a crime.. while at the same time, I do try to learn aspects of trying to keep my bitcoins private and secure, and I am not even sure if there might not be ways that I am vulnerable or perhaps some better ways to achieve my objectives while attempting to maintain some kind of balance with skills that I have been attempting to learn over the past 8 years...
No one said that it is easy to hold your own coins, but I would hate to speak to the dialogue that bitcoin is lacking in moral integrity also...l because I believe that bitcoin provides way more good than harm, even if some bad guys are finding ways to make a living from various kinds of vulnerabilities that exist.. whether it is getting into exchanges or other ways of moving around value without getting caught/identified.