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WatChe
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August 14, 2022, 06:25:00 PM |
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With every passing year different cryptos are launched and all they can take is slot from 2nd onwards. Bitcoin will be the king Image source
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ChartBuddy
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August 14, 2022, 07:01:18 PM |
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AnotherAlt
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https://bitcoincleanup.com #EndTheFUD
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August 14, 2022, 07:11:28 PM |
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here's another picture sighting the bullrun on the 5th times about bitcoin price, but i think we are getting closer than expected.
Every time I expect a bull run after seeing those graphs. The market denies it. So, Instead of speculating and following bullshit tweets, I stored some of my sats on a wallet, and I didn't check them for the last three months now. I am trying to be strict and not to check my portfolio every day, and I don't want to hear what bullshit tweets say. Bull Run Coming? Okay, Let it come. A bear market is here? Cool. I am trying to hold my nerves and don't want to touch my sats before the next halving.
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Biodom
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August 14, 2022, 07:21:53 PM |
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here's another picture sighting the bullrun on the 5th times about bitcoin price, but i think we are getting closer than expected.
Every time I expect a bull run after seeing those graphs. The market denies it. We are up 39% from the low...how is that "denies it"? Twitter and pundits 'hate' this bull run, that's true. A gazillion of 'a new leg down to $13-14K" opinions. Maybe you mistake their voice for the 'market opinion'? $200K price is as good as any. Imho, it will be $110K-240K based on multiple scenarios and calculations (shown elsewhere). Personally, I am probably selling at least 20% in 2025, no matter what the price is (hopefully, would catch the peak within 20-30%).
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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August 14, 2022, 07:36:15 PM |
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Are you trolling, you retard? Now all of a sudden you are an "online currencies" expert?
You initially claimed that bitcoin's scarcity did not give it value and I 'splained the concept of scarcity a wee bit MOAR better to uie pooie.
An example of something that is scarce but not valuable would be each time that you assemble a set of rocks, you arrange them in a unique way... it is a one of a kind that a no named troll like yourself had assembled. .. So, in that regard, it is surely scarce but it is not necessarily valuable.
An example of something that is valuable but not scarce would be breathable air.
There are other examples of scarcity and not valuable and other examples of valuable and not scarce, but there is likely little to no need for me to provide further examples, especially when you are ongoingly showing that you are not even trying to reasonably and meaningfully engage in the topic... unless you are going to provide some better ideas about what it is that you are talking about.. that might have been trying to address some kind of genuine question related the this thread... whether you consider bitcoin to be valuable or not.. do you have any point, exactly?
The only one on excess of words and low on brain power seem to be you uliepooie I really wanted to know your view on scarcity and value but that seem to be non existent as you tried to explain with rocks piled up on top of each other... And where have you been living in the past few years ? Under a rock ? In heavy self confinement ? Of course i learned a lot about Online Currencies unlike ... some ... I just wanted to know your standpoint and your "Wisdom" that does not exist. So i can use your words sometime in the future against you or for you.. depends on the situation but that is hard compared to what you provided Your proclamation that you have knowledge about "online currencies" is not very convincing, and of course, the main "online currency" of interest in this thread is king daddy, so hopefully, if you do happen to know something about something, then if you are able to put it within the framework of understanding bitcoin then that would be a great start... and another great start would be if you have actually accumulated some in the past couple of years since your forum registration (even though you have already conceded that you failed/refused to buy BTC back to 2014-ish when you supposedly lost your MTGOX bitcoins, to the extent that we can eve believe you about having involvement in BTC going back that far). I think sometimes we might get too accustomed to the fact that so many people around us don't understand Bitcoin yet, and that we are still early. That might leave us with a feeling that causes us to miscalculate the size of impact, when people finally catch on ...or to miscalculate how quickly it can happen, once worldwide FOMO begins. But things can escalate very quickly.
I cannot really disagree with anything you say here, and even some of the real world Gresham's law motivations might not really be apparent to some of us, even though there could be some bitcoin contagion that builds upon Gresham law motivations principles and some of the folks who are influenced by those kinds of sound money factors might not really realize why it is that they are getting some resonance in regards to bitcoin being better money than any other kinds of money out there... which as you say builds upon itself in a kind of snowballing gravitational way, even if the users might not really exactly know why they are being motivated in that direction. To quote yourself: I cannot really disagree with anything you say here ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) There seems to be a kind of contagion in the space. This is very interesting comparison of bitcoin price verses addresses holding more then 10k$ worth of bitcoin. You can see when price of bitcoin touched 69k$ on 11 Nov 2021, the addresses have gone done. That means Whales were in selling mood at that time. Now as price has gone down, whales are once again accumulating bitcoins. Key Takeaway: whales are called whales because of this reason. My few satoshis that I extracted from this graph. Image sourceIf you attempt to think about the matter more critically, the graph is not saying anything about the quantity of bitcoin whale addresses, it is ONLY talking about the value of the addresses, and of course, the number of BTC addresses above or below $10k is going to go up and down with the movement of the bTC price, even if we were to hold the number of BTC addresses constant.. and if there are severe BTC price movements in a short period of time, you could get the number of BTC addresses going UP when the BTC price is going down, but the BTC price would cause it to appear as if the number of BTC addresses were going down because the measurement relates to spot price of the BTC in terms of dollars.
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Biodom
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This is very interesting comparison of bitcoin price verses addresses holding more then 10k$ worth of bitcoin. You can see when price of bitcoin touched 69k$ on 11 Nov 2021, the addresses have gone done. That means Whales were in selling mood at that time. Now as price has gone down, whales are once again accumulating bitcoins. Key Takeaway: whales are called whales because of this reason. My few satoshis that I extracted from this graph. Image sourceYou and the twitter guy both seem to misinterpret the graph. It is not the graph of people with more than $10K in a wallet, it is a graph of wallets with more than 10K bitcoin. Naturally, as the total number of bitcoin got mined from 0% to 90%, the number of such wallets should rise in the graph just like that. Additionally, one can conclude that large whales were selling/distributing bitcoin since 2016. Their slice of the pie is melting, which is a natural progression as well, correlating with an exponential increase in wallets containing 0.1-1 btc (shown in prior discussions and here: https://coingape.com/retail-bitcoin-holders-with-balance-0-01-0-1-btc-reaches-new-high/). some additional stats are here (check the references as well): https://bitcoinist.com/how-many-people-actually-have-at-least-1-bitcoin/
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ChartBuddy
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August 14, 2022, 08:03:29 PM |
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ChartBuddy
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August 14, 2022, 09:01:25 PM |
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ChartBuddy
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August 14, 2022, 10:04:52 PM |
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ChartBuddy
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August 14, 2022, 11:01:21 PM |
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JayJuanGee
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August 14, 2022, 11:51:45 PM Last edit: August 15, 2022, 12:08:18 AM by JayJuanGee |
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#haikuSunday Where are we at now? A bull...a bear, what market? Quiet content DCA'ing
The bests lies ahead. Stacking sats for tomorrow. The right place for me.
For this I am sure. It stands the test of our times. Stronghands, together.
Be late for better times. In fact, no one ever imagined that Bitcoin would be like this. However, we will see Bitcoin in stronger form again. And for this Bitcoin, many traders are in a bad situation. In fact, sometimes in life, if you are not in a bad situation, you cannot understand the meaning of being good. Today you are in a bad situation, tomorrow you can be the owner of many dollars! This is crypto currency, everything is possible here. So always believe in yourself. I'm not here to tell you about Bitcoin, I'm here to harden your mind. I don't know if it's true I heard that many people committed suicide due to luna token going to down. But they don't care, if he had lived, he would have made more dollars than he lost! People can do whatever they want. So no one will be disappointed by the poor condition of this market. Whatever your situation may be you can eat at home, but think of those who are not able to eat day after day. Only then will you know how happy you are. You are speaking gobbledy-gook, and not even likely from a position of an informed person. You come to lecture us about a topic that you do not seem to understand, so perhaps asking some questions and making some more simple observations might be in order, no? There are all kinds of injustices in the world, and some of them seem to relate to bitcoin in one way or another, but if you have hardly any clue about what you write, then you may well not recognize bitcoin as part of the solution rather than the problem, but you still would need to figure out how to invest and how much in order to end up being empowered by it rather than seemingly frustrated by it and mixing up your topics, at the same time. Even though you are providing information about an existing phenomena, sometimes during periods like this people get a bit frustrated and give up, which might not be a bad thing to just go away for a few months... or maybe longer? I cannot bring myself to go away completely, and I do have some bitcoin related projects in mind that I might be better able to focus on such bitcoin-related projects when the BTC price is still seeming to be in a kind of doldrums.. and sure, there is some decent possibility that all of a sudden BTC price is no longer consolidating.. which gets us back to the "being distracted by price" phenomena.
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ChartBuddy
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August 15, 2022, 12:01:22 AM |
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aesma
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August 15, 2022, 12:01:27 AM |
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nice one! .... in case someone missed this one: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FyQH2ky4%2Fmath.jpg&t=665&c=8t1xfBRYRz7GBg) My father holds a PhD so is entitled to be called "doctor", although in France this isn't done in practice, he would be called "professor" in the context of research or teaching. And would certainly not answer to "is there a doctor around ?". In Germany they do love flaunting their PhD (to the point some famous politicians faked one or plagiarized to get one). What's funny is that most doctors in medicine don't hold a PhD. 2 kinds of totally unrelated doctors are being confused.
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JayJuanGee
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August 15, 2022, 12:38:16 AM |
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here's another picture sighting the bullrun on the 5th times about bitcoin price, but i think we are getting closer than expected.
Every time I expect a bull run after seeing those graphs. The market denies it. So, Instead of speculating and following bullshit tweets, I stored some of my sats on a wallet, and I didn't check them for the last three months now. I am trying to be strict and not to check my portfolio every day, and I don't want to hear what bullshit tweets say. Bull Run Coming? Okay, Let it come. A bear market is here? Cool. I am trying to hold my nerves and don't want to touch my sats before the next halving. Here's an example proving my point. Some peeps just lock away their sats and they find other things to do in life to keep them busy, entertained, which should not be a problem.. We should not have to babysit our sats. .. even though sometimes there do seem to be scary things going on in the world.. on the regular. here's another picture sighting the bullrun on the 5th times about bitcoin price, but i think we are getting closer than expected.
Every time I expect a bull run after seeing those graphs. The market denies it. We are up 39% from the low...how is that "denies it"? Twitter and pundits 'hate' this bull run, that's true. A gazillion of 'a new leg down to $13-14K" opinions. Maybe you mistake their voice for the 'market opinion'? $200K price is as good as any. Imho, it will be $110K-240K based on multiple scenarios and calculations (shown elsewhere). Personally, I am probably selling at least 20% in 2025, no matter what the price is (hopefully, would catch the peak within 20-30%). Wow shock my lil selfie to death!!!! I am surprised to see Biodom criticizing anyone for being overly pessimistic, and I am not even disagreeing with anything that you are saying, Biodom. I do have a question, however. How are you going to get to $400 million in BTC value with your 20 BTC if you start shaving off along the way? I am partially joking, but partially I am not, also? Even if you are not drawing examples from the JJG playbook (and I am not even claiming complete authorship over such playbook - since I am just stealing plays from others anyhow)..you do seem to be becoming more receptive to ideas of selling some of your BTC along the way.... Maybe you have also become more receptive to the idea of overinvesting too.. rather than merely resting on the laurels of your 20 BTC purchased in 2015? I will tell you one thing (not trying to be too preachy.. just a little preachy), it surely would have been much easier to have had added more BTC at lower prices between 2016 and 2020 rather than doing it now, but it's never too late to add an additional amount of BTC onto your stash so that you do not end up feeling much if any compunction when shaving a bit off in 2025 or whatever might be your target shaving date into the future (and we know that the circumstances of individuals will vary in terms of reasonable, feasible and prudent shaving dates). Short-term players may well be able to ride some BTC price waves that are in periods of less than 4 years, and intermediate players might be able to ride some BTC price waves that are 4-8 years, and surely some folks might not really be able to ride waves of 8 years or longer, but it seems to me that if any of us had been persistent and even marginally aggressive in our BTC investment in a period of 8 years or longer, we should be able to ride some BTC price waves and to feel comfortable shaving off some of our lil precious if we had been involved in BTC for 8years or longer, and if your personal goal is 2025.. then that would be getting close to 12 years plus-ish.. so even if previously whimpy there should still be reasonable and prudent ways to shave off some BTC profits (aka ride the BTC price waves) in that period of time. .not that I am suggesting shaving all at once (because 20% is a lot to shave all at once.. but sometimes it may well be clear that lump-summing may well work out better than incrementalism). if you are going to
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ChartBuddy
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August 15, 2022, 01:01:18 AM |
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Toxic2040
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the Sunday evening wall report a strong week gentlemen, climbing up and away near 5% from the 200 week Moving Average at $23,057.91 bitcoin is currently trading near $24.3kish...closing over key support at $24k after a furious battle at $25k resistance steady on dyor 4h ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F21QmYBD.jpg&t=665&c=_exmutSd-55BnA) D ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FZ4x4s68.jpg&t=665&c=uddTmsece8QclA) W ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FOKIK7Td.jpg&t=665&c=8R5WjZ6V9zz_Qw) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F4pxq39s.jpg&t=665&c=aPeUy1OTdWiRWw) stronghands ------- #haikuSundayfuck all should I care what legacy markets do you know its rigged the bankers stealing the politicians lying whilst lining pockets enough is enough there is only one bitcoin we demand freedom
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ChartBuddy
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August 15, 2022, 02:03:25 AM |
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Biodom
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August 15, 2022, 02:21:17 AM |
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I am typically more optimistic when the majority are pessimistic and pessimistic during the rah-rah stages. It usually served me well, but it cannot predict the absolute top and bottom, though. The trends could also take longer to play in time, not only levels, which typically kills long options trades (even if you guess right on direction).
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