I hate to see a good thread die, persistence of vision and commitment to an idea however much it might need to be modified or corrected is something I admire.
We're well above 30k now for over 10 days but resolutely watching for a sell is always reasonable if patient enough to match the mood changing. Right this moment we've maintained a good daily
trend channel Aug 7th-, regular gains that sell but make new highs afterwards is bullish. I do think we're slowing but its hard to call anything as negative while we remain in a good trend up. The idea of 30k ranks pretty low in this moment, lets see after we show any weakness or break trend. Most obviously would be to close under the 200 day average which is rising.
That was an interesting paper by N N Taleb*
Not sure I would even disagree with him, in the desert a bar of gold is something I'd drop as its useless and worthless to me. I need water and a way to find shelter etc. He can argue for zero worth on every commodity ever traded, oil weeps through the ground in many parts of the world and ruins land for growing crops its worthless to these people a curse. Its also highly valuable in other circumstances and unique in its properties. What are we even arguing over here as clearly Bitcoin has its uses for some people some of the time so it'll always have a market price.
I have invested in drilling companies trying to make profitable assets of oil weeps, they have tried and failed due to uneconomical geology; a venture wont always work out. The oil remained worthless, I can well believe BTC is worthless in the hands of some yet the market remains valid while others do find utility in its use.
