WO Daily Recap:
Buddy with a light hand on the tiller, steady as she goes.
I went with 70% JJG, it seems just right.
Cited for visability... Sorry I had to reduce it from what you had made it.. which I put at width=400 (which seemed to be about ~70% of what you had made it).. I first posted your version, but then when I looked at it, it was just too BIG for the sensual pleasures of the eyes of this here kittycat...
I believe that several other members here are even more bothered than me about overly large images, and I have some tolerance for some of the larger images, but I can understand why it can be irritating to other members to come accross images that are WAY BIGGER than they need to be. I also understand that you might want to see the details, but ChartBuddy is even actually way smaller than your image and smaller than my resizing, so has the same smallness in terms of being able to see details.. and anyone who wants to see larger could just quote the post, make it larger and look at the details if they are inclined to want to see details (Jimbo perhaps?).
Another thing is maybe after the next activity period (or soon
tm) images are going to start to show for you under your own account, and at that point, you will be able to see if members will complain or not about how large you choose to present your images, and they might not say anything if it is once in a while, but if you post the CB renditions daily, then there could be some push back regarding image size..
If I had not already previously commented on the topic of image sizes, I might not say anything about your actual chosen image size... Yet, I am ONLY one person in these here parts, anyway.. so just saying what I think about these kinds of presentation matters.
In 52 days a Bitcoin Spot ETF will be approved.
In 151 days the block reward will be cut in half.
In 2024 we will see the return of quantitative easing.
In 2025 we will see the mother of all Bitcoin bubbles.
Are you ready?
Way too slow, 2025 is soooo far away... my hope is that the ciuf ciuf train is leaving the station now. This is my timeline:
In 51 days a new ATH before the ETF
In 150 days 250k before the block cutting
In 2024 FIAT will be considered almost worthless, we will see people rushing into bitcoin and metals
In 2025 we will see the sun of the bitcoin era arise, an utopian world without debt or central banks
In 2026 a solar flare will delete all data on all world PCs
In 2027 we will trascend to a new form of collective consciousness, processing data using the computational power of our collective mind
In 2028 some of us will find that our collective mind is the product of an alien parasite, and form the rebellion that will overpower the aliens and free the umanity
In 2029 we will rebuild our computer and our world. Bitcoin will be the only used currency, my paper wallet (survived from the solar flare and the alien parasitic attack) is now worth the entire European GPD
That's quite the Armageddon erre. Does not seem too likely.. so i kind of prefer to stick with somewhat realistic scenarios rather than fantasy.
Another thing even if some variation of that kind of Armageddon could playout, having had built up some wealth (including having bitcoin options too) and not having that many years to live (or ability to physically fight 20-year olds to the death), I surely would not want that level of catastrophe to take away luxuries that I might be able to enjoy with what I have already built and/or accumulated.. including but not limited to HLB.
Maybe some young folks would be up for such an adventure, uncertainty, mass chaos famine and deaths, including likely poor people slaughtering rich people (or perceived rich people)? A kind of resetting and starting over that would not be pleasant to witness... maybe I am wrong in my own interpretation of what you are saying and the world would transition through such easily?
DCA strategy be damned, now is the time to fill your bags. Anyone left straggling
behind after the ETF approval news comes out has only themselves to blame.
What if someone had been DCAing to the max for the past 4-6 years, and such person might not really have any extra cash to throw towards bitcoin, and probably such person is already doing pretty good, even if some of their coins were bought in 2021 and early 2022 at higher prices than current prices.
Like you had said, "such a person is doing pretty good", to have been DCAing for that number of years without fail. If I was in that position I won't get worked up buy relax and be doing maintainance on my Investment waiting for the ATH.
There can be a lot of variation in the situation of others, and even someone who had been aggressively investing in bitcoin for the past 4-6 years might not feel like s/he has enough BTC, especially if such person might have been in college (or high school) during some of those years and might not have had a high income, and even if someone who were to leave college (or high school) and start to earn a decent income, it still could take more than 4 years just to invest a whole year's salary.. that is even with 25% per year of the salary put aside it could take 4 years to get to a full year's salary saved/invested, but surely such a person who had been investing aggressively in bitcoin for that 4-6 years would still be much better off than the otherwise similarly situated person who either had not been investing into BTC as long and/or had not been being somewhat aggressive about it.
Or? maybe you are referring to the fence sitter who failed/refused to buy BTC in the last year and a half or so while prices were mostly lower than the current price and perhaps the last year and a half had prices lower than where we might be going. Perhaps? perhaps?
This group of persons are the ones that are to have themselves to be blamed when the ETF had finally been approved and bitcoin price surge as a result. For this group there's nothing in the chart for them and just like those that had regrets back in 2021 when the last ATH took place the regrets of those now will be double with the eventual approval of the ETF by or before 2024.
There are a lot of those kinds of fence sitting people, and most of them are no coiners rather than low coiners, and part of the reason that BTC likely ONLY has around 1% world adoption at best is that an overwhelming majority of the world are not acting to get started in bitcoin for potentially a variety of reasons even if they might know about it or they might have varying level of knowledge of it that might be misinformed and guided by misinformation/disinformation.
I tend to get bothered by those assertions proclaiming either that a vast majority of the world knows what bitcoin is, which surely is not very likely to be true because if the vast majority of the world were to know what bitcoin is, then we would have way higher levels of adoption and way higher BTC prices, and so in some sense, that is o.k. for those of us who might still be accumulating BTC and getting some value from being able to stack sats at prices that are relatively lower than what they should be and what they likely are going to be as more and more of the world's population both becomes enlightened about bitcoin and starts to act to stack some sats and maybe even trying to get 1% at minimum of their investment portfolio in bitcoin and surely the more aggressive ones will shoot for investing up to 25% of their income into bitcoin, which surely can be difficult to achieve without also having good cashflow (and expenses) management systems in place.
Poll
