You are delusional.
The powers that be are too strong to allow you (or any of us) to get satisfaction.
I'm learning that... the powers that be are super strong.
I still enjoy feeling it though.
wants to go up
I will admit that I tend to get tinglie feelings during those periods that the BTC price goes up and up and up.. and does not seem to want to correct, and the powers that be seem to have had lost control of keeping the price down and even seem to be losing money based on what seems to be inabilities to stop such uppity.. .. and from time to time, we have seen these things and ongoingly pinching ourselves while they are happening...
I have to admit.. those are good feelings when they finally end up coming.. even though the low coiners and the no coiners shouldn't be wanting those kinds of things to happen since.. the low coiners and the no coiners should be ongoingly stacking coin persistent, consistently, ongoingly, regularly and perhaps even aggressively in order to better put themselves in a position to be able to enjoy those moments when (or if) they finally do end up playing out in the real world... and surely there are some low coiners who are not going to get even close to being able to prepare themselves enough, so they will likely need to just keeping stacking.. and perhaps a cycle or so later, they will then be in a better position at that time to enjoy future pumpenings.. .
We cannot necessarily bank on the various pumpenings happening, yet we should not be shocked nor put ourselves in a panic when they do end up happening, as there can be other ironies too, when we sometimes will see guys pleading for the UPpities to stop when it ends up happening because they had either sold too many cornz too soon (waiting for more down).. and/or they had not sufficiently/adequately bought back in... and there are some guys who did not really have any excuse.. they had money and they ongoingly failed/refused to buy since they were waiting for down that did not end up happening... several variations of guys not being sufficiently ready for UPpity.. which is also the case for the overwhelming majority of the world's population, since what quantity of bitcoin owners do we have? 1/100 at best? A lot of low coiners and no coiners out there, which means they are inadequately prepared for up.
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JJG, you gasbag fool - pay attention! Why are you so fucking stupid about this matter?
You must be so excited that you can't help ur lil selfie, and that is why you feel that it is helpful to bold your response (to the extent that you actually wrote it). Maybe you should try ALL CAPS? since your post is so much more important than anyone else's?
Q: How do we know Blackrock and Fidelity have the actual Bitcoin to cover the spot Bitcoin ETFs they offer?
Is that "Royal we?"
A: BlackRock (IBIT) and Fidelity (FBTC) hold actual Bitcoin in 1:1, insured, and audited custodial storage (Coinbase Prime and Fidelity Digital Assets, respectively) to back their spot ETFs. Transparency is maintained through SEC-regulated daily disclosures, public, on-chain wallet addresses that can be verified, and audits.
Are those bitcoin addresses made available to the public? I doubt it. You need better proof than a mere assertion that the bitcoin addresses with actual bitcoin exist. One of the great things about bitcoin is that actual bitcoin addresses could be shown.
On-Chain Audits: The Bitcoin holdings are in custodial wallets, and these on-chain holdings can be verified to match the shares outstanding.
Link or it didn't happen.
SEC Reporting & Regulations: As registered ETFs, BlackRock and Fidelity must adhere to regulatory standards, requiring them to report their holdings, which can be checked against their stated Assets Under Management (AUM).
Some birdie told you this information?
Institutional Custodians: The assets are held by reputable, third-party custodians (e.g., Coinbase for BlackRock, Fidelity Digital Assets for its own fund) that specialize in secure cold storage.
So? They keep the information secret, right? They tell you that they are complying, and you get your AI bot to write a response proclaiming that it must be true because the bot even believes the claims of having the actual bitcoin to be true.
Authorized Participants (APs): The creation and redemption process for ETF shares is handled by APs, who facilitate the exchange of actual Bitcoin for ETF shares, ensuring a 1:1 match.
While users do not hold the keys themselves, the structure of spot ETFs ensures that for every share issued, a corresponding amount of Bitcoin is purchased and securely stored.
Because you told me and you explained the procedure, I am even more confident that for sure they have every single bitcoin that they claim to have.
NOT!!!
still on schedule to reach 2 btc soon.
I suppose that is good, if you are able to have some reasonable plan in terms of how to deal with such bitcoin once you have them.
You are delusional.
The powers that be are too strong to allow you (or any of us) to get satisfaction.
I'm learning that... the powers that be are super strong.
I still enjoy feeling it though.
wants to go up
When he says, “the powers that be” he is talking about the four year cycle.
I feel very satisfied. I also enjoy the feeling and want it to go up.
We live in "interesting times."
I think that what the "powers that be" are doing to try to manipulate the price and to try to keep it down or get it to go down and what the "four year cycle" would dictate (or pressure the BTC price into happening) are not the same thing. You can argue about it or say that it coincides, yet that seems to be sloppy (or oversimplistic) thinking.
It seems to me that for the 4-year cycle to remain intact, then at some point, at minimum, $74k would have to be revisited and broken to the downside (and maybe it would still be o.k. to end up happening in the 2nd quarter or later in 2026.. and sure, such a thing could end up happening, yet I am not sure if breaking down to or below $74k would be enough for me to concede that we are more likely in a bear market rather than still being in our bull market...
So of course, movement of the BTC price is a subject of both time and price..and it can be difficult to know when it might be reasonable to concede that the BTC market had gone from bull to bear.. and of course, there can be disagreements between us on these points (and we can vote with our money, too) since there are some guys who were more than willing to proclaim that we had already entered into a bear market within a week of the October 6th top, and surely BTC's price performance on October 10 was a pretty large negative hit on the BTC price that contributed to our downward momentum since that time, and the explanations for the October 10 downward cascading event has not been explained.. which could mean that there is still some BIG damage out there that is continuing to keep the BTC price down (more than 3 months later).
Every one of the cycles have been different, and I recall that in 2022, the solid break below the 100-WMA in around May 2022 with the Terra Luna crash ended up being a pretty solid catalyst and cascading of price (and I think that the 100-WMA was in the lower $30ks at around May 2022).
This time around the 100-WMA was $80k on October 10, yet the 100-WMA has been continuing to move up, so right now the 100-WMA is around $87k, and perhaps some kind of a strong event could meaningfully push us below the 100 WMA.. yet we cannot even gravitate on one indicator like that.. NOT that I am claiming to need to read the market since my own personal management of my BTC does not really change too much..even if I might want to get some sense about how far I might consider the BTC price might go dow.. to be able to keep buying, especially if I might start to run out of buy orders, which does not seem to be too much of a risk, for me, right now since my buy orders currently go down to the mid-$30ks, even though once in a while I will also make adjustments to my outstanding buy orders on the lower end, or take some of the lower ones off of the table..
Don't get me wrong.. I am surely sympathetic to the likely ongoing influence of the 4-year cycle.. and I am also receptive to the idea of the 4-year cycle dragging out over a longer period of time.. at least this time around... which could end up providing some explanation if UPpity ends up happening in 2026, which I have trouble accepting that you would be able to reasonably proclaim the 4-year cycle to still be alive (or being a central controlling feature of bitcoin) if we were to end up reaching a new ATH in the first or second or even perhaps the third quarter of 2026. Many of us already know you well enough to know that you will be claiming victory no matter what ends up happening. You seem unwilling (or unable?) to help yourself in that kind of a way.
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