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Gee, I do sometimes wonder why Satoshi Nakamoto never revealed his identity. And then I see something like this and it all makes sense.
Dorian has moved on from bitcoin but he still has a lifetime supply!
lolha
Of course, Dorian is not Satoshi.. so whatever Dorian is doing is not too relevant.
You are living in a fantasy if you believe that $20k to $30k has anything beyond less than 0.1% odds of happening.
Of course I do not believe it will happen, it was just a maybe silly way to explain how I feel. Even if this close to zero chance of occurrence some how happened, to me Bitcoin is so valuable now that low chance drops can not bring me fear and extreme Bull runs will likely not give me thrills any more either. To me and presumably many of us here, this is now life.
Perhaps over the years, I have heard so many of those outrageously negative scenarios, and even entertained several of them, and a large number of them end up being just fantasylandia disingenuine attempts to deal with reality, so it becomes difficult to treat those kinds of comments as serious since they seem to be so far out there and without a sufficient enough of a context to take seriously.
It may be one of those situations in which I am ONLY going to play with those kinds of extreme bear scenarios if they are contemporaneously accompanied by extraordinary evidence.. you know? the extraordinary claims require extraordinary evidence.. and so many times those kinds of claims are abused, too..
So for example, there might be some guys who might look at the 200-WMA which is currently at $56k, and then proclaim that 35% below the 200-WMA is fair grounds, so then that puts us at $36.5k.. Ok.. fair enough, yet if the BTC price were to get down to the 200-WMA and then go below the 200-WMA, it is hardly likely to go straight down to the 200-WMA and then straight below the 200-WMA, so even the worser case scenarios would take several months to get to 35% below the 200-WMA, and in the meantime, the 200-WMA is moving up at least $30 per day minimum so after a couple of months, the 200 WMA would have had moved up to at least $58k, so then $38k becomes 35% below the 200-WMA.. . which causes me to tentatively draw a line in the sand in terms of sub $40k no longer being possible (at least not possible within any not-broken-bitcoin scenarios).
So yeah, the downside is one thing and the the upside is another thing, and sure, we have not been witnessing outrageous out of control upside scenarios in bitcoin in recent times, perhaps since 2021.. but still I am not going to accept them as ruled out, either.
The mere fact that manipulative beartwats have been able to keep the BTC price under certain kinds of wraps in recent years, I really am not going to go along with an presumptions that they have been successful in taming dee cornz or that they have gotten this shit under any kind of a meaningful control.
So your going along with ideas that bitcoin has been tamed or mellowed out seems to be giving into what the powers that be would like you to believe. I am not going to concede such grounds to those manipulative twats.. .. since it also plays along with the bitcoin is a mature asset class framework.. and that has been baloney pushing down our throats ever since I got into bitcoin.
In other words, you better make sure that you have prepared ur lil selfie for UPpity, whether you want UPpity to happen or not and whether you believe that UPPity is within the realm of possibilities or not..
On a personal financial level I give few shits if outrageous uppity happens or not since outrageous uppity is largely out of my control.. but it seems almost impossible for outrageous UPpty to be stopped.. whether the powers that be want it or not. The powers that be have way less control over bitcoin than they would like to have and even if they don't want Trump and his degenerate grifting snotted-nosed kids to benefit or not, they are likely to benefit from bitcoin's likely outrageous uppity whether they deserve it or not.
It is also true that we have BIGGER and BIGGER players coming into bitcoin, so there seem to be greater efforts to control its price volatility, yet I have doubts in regards to how much capacity that BIGGER players have to control bitcoin and/or its prices.. but yeah, I am ongoingly willing to just observe rather than getting too caught up upon specifics regarding what might or might not happen even if there seems to remain a decently broad array of things that could end up happening - including but not limited to large changes in bitcoin's price, especially to the upside.
There is definitely such an effort playing out recently. I did feel a more stable Bitcoin even this Bullish year and I am not sure if it is the effort of bigger players or the significant influx of Money doing its thing. Or, maybe both. To me, what matters the most now is that we do not give up any of our hands before most of the big players announce they are already in and invested significant amounts of Money in Bitcoin. Not that it is a good idea to give up any of our hands at all, but to who ever has to sell this is not the time I would say.
Sounds like we are largely on the same page in regards to this comment of yours.
The more players are in the Bitcoin game, I am guessing the more they will try to grow it. But before growing it, I can only guess they will try to keep Bitcoin lower until they set all their positions up.
Sure. Yet, it does not mean that they are going to be successrul in whatever they are trying to do. It is mot like all of the status quo rich twats are able to coordinate and agree amongst their slimy lil selfies.
Billionaires have missed on Profits no other investment has made its sincere holders, which makes me wonder if any of them will try moving the Market to their advantage and in such ways that would recover them at least part of what they missed on.
Even though a lot of the twats have privileged positions, they still might not have had been able to figure out how to act in time to save themselves from themselves, so several of them are likely to make similar mistakes as normies in terms of delaying in their jumping on the train in time...so some will profit more than others and it is not like the ones on the train are going to be willing to hold the train back or the rocket so that their slow-poke buddies are able to get on board.
Although there is a risk out there that I am thinking of, which is big players entering a Market to doom it for a while later on and scare the weak out of Bitcoin before CBDCs launch. Which again would be bad AND good, weak Bitcoin hands are temporary anyway. But I see a large battle over destroying the peoples Trust in Bitcoin happening around the time CBDCs are going to be running.
Tether is becoming more and more coopted to become some variation of a private CBDC..
So you are expecting other kinds of CBDCs? Of course, there is already confusion regarding what bitcoin is and what value bitcoin brings, so there are already more and more ways to attempt to channel everyone into KYC AML channeling of our coins... and so you think that BTC's price is going to become suppressed due to these efforts?
Of course, bitcoin is a world - wide phenomena, yet I am not denying the growth of ongoing battles and confusion regarding various ways to attempt to neuter bitcoin...and so yeah, even long holding bitcoiners are going to sell their coins to cash out from whatever number go up that they had already gotten.. and financial sovereignty is a bit more of a complicated way of holding coins, since many of us are likely going to have to figure out ways to separate whatever coins that we have.. and, yeah, I am not denying those various kinds of battles to be upcoming.. .. and several of us will likely continue to HODL through these matters and yeah maybe sometimes we are going to be persecuted for holding coins.,.. and/or not sufficiently disclosing our coins... ongoing battles and stress... including others disclosing that they got coins from us... so we might send coins to some relative and then the relative will say that they got their coins from us... .. governments will not give up control easily and wanting to monitor and take away whatever privacy and freedoms that we might perceive ourselves to have.. .sure.
Large entities controlling hundreds of thousands of Bitcoin is incredible and scary at the same time. If there was not a fight against Freedom, I would not even think of all the 'doomsday' scenarios but the closer we are to the Wealth Ledger a k a Digital Fiat, the more possible it seems to me that such things may happen.
Yeah of course, large entities don't mind selling everyone down the river, since they are going to disclose their coins, they are going to want everyone to have to disclose their coins.
Interestingly, even if any of the above happened I would watch it with full curiosity but not sell any of what I have.
How you ever going to be empowered by your coins if you cannot personally profit from your coins?
Even if the largest war for Censorship and against Privacy and Freedom played out, I would value Bitcoin over any other Asset any day. It comes with Freedom, it can be hurt but never killed, it surpasses inflation significantly, how can you not love and want it.
And, of course many of us are going to ongoingly want developers to be working on various privacy tools without getting locked up.. or otherwise persecuted... so maybe more and more developers might have to work under anonymity?
I have my doubts. In terms of percentages, we are ONLY 4x to 6x price differences from the 2017 top until current prices ($19,666 in 2017 and between $80k and $126k currently).
Jay, do not bring my hopes up like you always do. I want to contradict the others who said we do not get the thrills any more if the time for 1 Million comes!
Of course, nothing it guaranteed in regards to price, and if bitcoin is ONLY held by rich folks and there is no bitcoin held in private hands, then bitcoin's power and value is going to go away.. so surely some of the folks who are pumping various bitcoin paper products are going to have to appreciate that bitcoin power and value comes from our being able to withdraw our coins from various third party entities and if a lot of folks contract away their ability to personally custody their coins, then it might be more difficult to see bitcoin prices going straight up merely because rich people are able to hold coins but poor people have to jump through hoops.. wich then may well justify the peer to peer aspect of bitcoin taking place in jurisdictions that are less controling int erms of their governments.. Do such places exist? Financialization of bitcoin might pump bags and take away power from people all at the same time.
Just want to say this one little thing, I think most of us here don't necessarily need to hear it, but for those of us who might...
One of the biggest parts of the revolution of Bitcoin is your ability to be self-sovereign. You can safeguard your own wealth.
Freedom. Bitcoin brings a Freedom that we will increasingly lose in time. We are losing it quicker and the pace will particularly increase when dystopian Digital Fiat will come to fruition.
Yeah.. sure we are always threatened in those kinds of ways. .and some of our powers we have voluntarily given up through our carrying around phones (monitoring devices) and our use of credit cards for everything...
Every time a little bit of our Freedom is lost, Bitcoin is more valuable, becomes stronger and serves a bigger scope. If there was an attempt to seize any and all Bitcoin like they did with Gold, Bitcoin Wealth can be hidden in a way no other Asset can be.
Yes.;. bitcoin is about 1,000x better than gold, yet we still need to exercise our self custody powers (or credibly threaten to do so) in order for bitcoin to retain more powers than gold.
Not only this but you can still SPEND IT and RECEIVE IT with out even having to dig it out or bury it again. There are metal detectors that can detect Millions of Dollars worth of Precious Metals but there are no detectors to find a buried piece of paper containing a Billion Dollars worth of Bitcoin in a plastic capsule. This is insanity for any body who tries any evil thing.
Yep... Bitcoin has lots of advantages over that relic rock.
I believe Bitcoin has delayed the release of CBDCs and has created a lot of fear around the evil people who want to control us, our Wealth, our thinking and our lives.
I thought that from some circles there is desperation and urgency and in that regard bitcoin has inspired the expedition of CBDCs
Because Bitcoin is a revolution that can not be attacked so they are only left with two options. Suddenly turn evil completely and ban the Internet for each and every one of us,
The powers that be have all kinds of tricks up their sleeve, including but not limited to wars on physical cash.
but this would turn all of us against them.
Surely some things they do backfire.. and a lot of people are now coming more skeptical of some of the pandemic related controls that were put into place. and so I doubt that the powers that be are giving up and even regular normie citizens don't always know including that we are fighting amongst ourselves about gender issues.
Or, pretend you support it while trying to find ways to avoid people from entering Bitcoin and finding full Freedom. If they find Bitcoin and realize the Freedom it brings, then all of a sudden Digital Fiat does not make any sense any more.
Normies are taking time to figure out the value of bitcoin.
This is why I believe ETFs and such are dangerous ways of 'holding Bitcoin'. Too many people are still holding their Bitcoin on Centralized Exchanges as well, which is really bad.
Yeah. How you going to stop normies from doing that?.. even the various blow ups around FTX did not teach lessons about the negative aspects of custodians.
If any evil plan has to come alive, they will be the first to suffer. But unfortunately, while self custody is preached over here by many, I doubt this many are actually practicing what they preach and I would bet a lot of them are holding their Bitcoin in dangerous ways.
Yep.. "we" need to hold at least a decent percentage of our stash.. maybe even less than 50% is better than not holding any... like some folks don't seem to know the value of self-custody or even being able to credibly threaten taking self-custody.. and we cannot necessarily credibly threatened taking self-custody if we contracted our rights to self-custody away by holding some ETF stocks or even our owning other kind of exposure to BTC prices (such as MSTR like companies) rather than owning the actual BTC.
Bitcoin will become more and more interesting in the coming years and I believe we have not seen its actual potential play out yet. There will come a time when Bitcoin will be needed by many people, and then All Time Highs and significant drops will not matter any more because people will be running after actual Freedom in despair.
You are more optimistic regarding human desires for "freedom" than this here cat, even though surely I consider freedom to be important and I consider bitcoin to be an enabler of more freedoms, but yeah, there needs to be some self-custody involved or at least credible threats of self-custody.
Of course, there will be a lot of sheep too who will not and they will stick to the convenient Digital Fiat that will control their lives. But to each their own, I suppose.
It is o.k. if there are some sheeple as long as there is a credible group who are ready, willing and able to take self custody and also to use their coins from time to time.
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