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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.9%)
7/28 - 11 (9.8%)
8/4 - 16 (14.3%)
8/11 - 7 (6.3%)
8/18 - 6 (5.4%)
8/25 - 8 (7.1%)
After August - 63 (56.3%)
Total Voters: 112

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26472525 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
Jewan420
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link: https://bitcoinmagazine.com/takes/i-just-entered-the-bitcoin-mining-lottery
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Today at 11:01:05 AM

To whoever is having doubts, remember that it's good that we're going slowly. We're probably not going to have an abrupt rise, neither the respective crash. Definitely not like the last ones. It's a different era for Bitcoin.

Move slowly and don't break things.

I guess that’s what's happening now, especially with the spot Bitcoin ETF holding a massive amount of Bitcoin, second only to Satoshi. So those days of pump and dump might be fading away. Stability is actually good for the market since it doesn’t scare off investors.
Stability ironically could scare investors especially if they feel it's too 'stable'.
If ETF holdings continuously increase to a " I hope not level" it would reduce the frequency of pump and dump and Increase the impact it would have on the market.
They holding now doesn't mean they will forever.



So if that approach won’t work, how do we reach market stability? I mean, (erase that ETFs), what can we really expect in the future to drive that massive adoption? That’s the only way I see Bitcoin evolving and not just becoming a huge pump-and-dump scheme controlled by the whales with massive holdings.
We can never fully experience market stability as already pointed out by outOfMemory.
Not even Bond nor Gold are fully stable they are just relatively stable.
Bitcoin would get to a level where it would be less volatile as it matures since its currently relatively young.

Well adoption could increase during economic crisis or instability
This is why major player are finding it attractive now, The Fiat system is failing.

Mind you Bitcoin not been as stable as Traditional Fiat is not a flaw.
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Not even Bond nor Gold are fully stable they are just relatively stable.

What does "stable" mean in this context? Valued at a constant fiat level? Why would be fiat be a valid reference system? Is it "stable" when measured in - say - hot dogs or brownstone bricks? To me, the situation is akin to relativity, where there is no privileged reference system: everything depends on the observer, and different references can be transformed one into the other by the proper conversion formulas. The only thing that is indeed stable is c, the speed of light, which is constant ("capped") any way you look at it.

But let me put it into napkin poetry form...



21 million
like in relativity
c, the speed of light





#haiku
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Today at 12:31:31 PM

Not even Bond nor Gold are fully stable they are just relatively stable.

What does "stable" mean in this context? Valued at a constant fiat level? Why would be fiat be a valid reference system? Is it "stable" when measured in - say - hot dogs or brownstone bricks? To me, the situation is akin to relativity, where there is no privileged reference system: everything depends on the observer, and different references can be transformed one into the other by the proper conversion formulas. The only thing that is indeed stable is c, the speed of light, which is constant ("capped") any way you look at it.

But let me put it into napkin poetry form...



21 million
like in relativity
c, the speed of light





#haiku
The relative stability here is based on it's volatility and no if Fiat was really stable it would have been better
Unfortunately the falls and falls in value.

Just thought it through that even death despite been Constant isn't stable.
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"Irish Criminal Assets Bureau Unable to Access Drug Dealer's $378 Million"

https://decrypt.co/285346/irish-police-378-million-bitcoin

"The Bitcoin, held in 12 wallets, was seized from a drug dealer who claims the seed phrases were lost in a break-in."
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Those who are left thank





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Today at 01:45:44 PM

Show me one asset that is "stable"
Whenever I catch myself thinking that other prices seem more stable, I remind myself that stability is always relative. Something is only stable in comparison to something else.

Under a fiat standard, it makes sense that everything appears more stable when measured in USD. But, remember that nothing in nature is truly stable. Nature does not even have a straight line. It does have cycles, though.  Smiley
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