Yeah.... sure.. it is the goal of the financialization diptwats to try to tame dee cornz, and also they want to present matters as if they were actually in control, including being in control of dee cornz.
How did that work out?
Anyone really believe that their supposed taming is working?
It has slowed the cap rise and skimmed a huge percentage off the top, without derivatives all that cash flow would have actually had to buy the corn.
Adding Liquidity is code for removing built in scarcity and anyone that is unable to understand that is either stupid or has an agenda.
Its called an inconvenient truth (of course everyone knee jerks when you say that term now) and the sooner its accepted the sooner it can be countered.
FUCK INSTITUTIONS AND FUCK BANKERS!
BITCOIN WAS MADE TO REPLACE THEM!!!!!They are doing the best they can at suppressing it while they accumulate as they are in the "now they join you" phase.
Psychologically, I tend to be much more comfortable attempting to deal with the "is" rather than the "ought," even though I get what you are saying about the idea of removing (or at least diluting) scarcity through various financialization instruments - and surely we cannot completely know the extent to which bitcoin has been built strongly enough in order to cause the burning of various players who don't have the coins they claim to have.. so yeah, traditional financial institutions are already used to playing games and fucking around with their own manipulation systems, and surely bitcoin is not completely detached from traditional financial systems -
so it still is to be seen the extent that various likely ongoing manipulation attempts are going to be successful, and it seems to me the implosion of several companies in 2022 were partially the result of both fucking around with bitcoin that they did not have but also seeming attempts to try to break aspects of bitcoin. Is trying to make money in fraudulent ways the same as trying to "break bitcoin?" I don't know for sure.... I am not claiming to know all of the answers, since there are various financial (and bitcoin-related) systems already in place and ongoingly developing and adapting and individuals have ONLY so much ability to actually influence the various systems in place rather than attempting to maneuver within such already existing system them as they exist and hopefully staying alive and/or profiting within such already existing systems.
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BTC the billionaires yo-yo.
I would surmise that we are likely still within the largest of relatively peaceful wealth transfers, and so some folks are going to disproportionately benefit from such ongoing wealth transfer. Some folks will preserve or increase their wealth by getting into bitcoin, some will decrease their wealth by failing/refusing to get into bitcoin, and there likely will be some folks who attempt to not really commit either way, maybe the profit in some ways by getting in and out of bitcoin. Likely even really poor people are still going to end up profiting from the existence and increasing adoption of bitcoin, even if they might not end up significantly investing into it... since bitcoin brings a lot more fairness to various monetary systems.
BTW it why its allowed to last since the billionaires grease the pollies
You really believe that the billionaires are "allowing" bitcoin? Sure some of them are getting sucked into it, and sure maybe there are aspects of bitcoin that were growing kind of on the sly in the early days, and so then bitcoin ends up infiltrating into various parts of society, yet I find it a bit problematic to be speculating that billionaires are "allowing" bitcoin, and maybe that is part of the current questions that some politicians are currently facing regarding ideas of trying squash and control bitcoin that could end up having issues of bitcoin proliferating in other areas of the world, and surely there might be some politicians who believe that they can control everything as if they were a world government, so they still believe that they can control bitcoin..
I’m going to stay positive and expect that in the new few months we leave this range behind
August is a bitch
For the bitcoin hodler
And the broken heart.
#haikuIs this time going to be different? or not?
One of the things about the future, it is hard to really know.
Another thing about bitcoin, it does not necessarily follow calendars, even though I am not going to claim that bitcoin is completely detached from macro happenings... .. yet sometimes bitcoin appears to be correlated, even if when we zoom out, we should be able to clearly recognize that bitcoin is not really as correlated to macro-happenings as perhaps some folks would want us to believe.
Probably, you have to be in bitcoin, just in case, and you don't really want to be caught under-allocated in bitcoin during various points in time that it clearly shows that it is not really as correlated as some folks might believe. Bitcoin remains a pretty damned immature asset class, which may well be part of the explanation for its lacking in correlation and sometimes even inverse correlation, from time to time.
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