Bitcoin Forum
May 08, 2024, 04:32:56 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 [7]  All
  Print  
Author Topic: THIS CRASH IS DIFFERENT than previous crashes... The FEDERAL RESERVE is why....  (Read 1570 times)
Betwrong
Legendary
*
Offline Offline

Activity: 3276
Merit: 2151


I stand with Ukraine.


View Profile
July 06, 2022, 09:47:12 AM
Merited by JayJuanGee (1)
 #121

~
its about finding the ultimate bottom.. the actual bottom cost they refuse and impossible to sell below.. . concentrating on the low/bottom
~

Alright, first off, Thank you for taking time to explain all of it with such thoroughness.

Can you please say what's in your opionion is the ultimate bottom for BTC? Yeah, I know it will be just your opinion, not a financial advice, but still it would be interesting to know your opinion on this matter.
~
the answer is.. the price is not at the $70k premium and so it must be cheap.
..
as for wanting spoonfed answer to an exact bottom VALUE. for emphasis: the bottom VALUE can move. due to many factors. as soon as a number is seen by a majority.. it would in fact end up being the cause of shifting that number.
so any number given, is outdated as soon as its given.

but right now, bar any catastrophy of a major code bug or world wide power outage, etc.. the price is in the very good very cheap value range near the bottom

Thank you. That's what I think too. If we discard very unlikely events, we can say that we are there, near the new bottom now. It doesn't mean it's time to sell everything and buy BTC. I bet some people can ignore Bitcoin completely during the next couple of years, and still be doing OK. Like you can ignore Kindle, and think that it will never be as good as paper books, but the reality is, it is better, the future of reading  belongs to it, same as the future of money belongs to Bitcoin.

.
.BLACKJACK ♠ FUN.
█████████
██████████████
████████████
█████████████████
████████████████▄▄
░█████████████▀░▀▀
██████████████████
░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████████████
█████████████████████
███████████████████
▀███████████████▀
█████████
.
1715185976
Hero Member
*
Offline Offline

Posts: 1715185976

View Profile Personal Message (Offline)

Ignore
1715185976
Reply with quote  #2

1715185976
Report to moderator
1715185976
Hero Member
*
Offline Offline

Posts: 1715185976

View Profile Personal Message (Offline)

Ignore
1715185976
Reply with quote  #2

1715185976
Report to moderator
"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
JayJuanGee
Legendary
*
Online Online

Activity: 3710
Merit: 10225


Self-Custody is a right. Say no to"Non-custodial"


View Profile
September 23, 2022, 09:27:16 PM
 #122

^^The reason why there are so many people who just listen to other people is a bit more about human nature. We always feel ingrained to pick a leader, even if you get like 10 people together then you pick a leader. The human nature is to look up to someone, and let "some" of your freedoms go and be decided by someone else.

I share some of your skepticisms regarding leaders, but I still doubt that you are describing people in any kind of an appropriate way because there are leaders in all kinds of capacities, and sometimes there are needs to have one person be responsible for a certain area or activity, but that does not mean that s/he leads in all areas merely because s/he is chosen as a leader..   

Somethings need leaders and other things do not, but if you do not have any leader and there are discretionary matters, it might not really matter so much which of the choices are made, but a choice needs to be made, even if there are discretionary matters that are presented to the leader or the group.. and we cannot have everyone trying make all decisions and even decisions for the group's interests.

Another matter relates to decisions regarding whether to uphold decisions that had already been made in previous times or to make changes to existing systems, sometimes there are values to keeping existing systems, sometimes there are needs to tweak and sometimes there are needs to totally abandon certain systems and to establish new ones.  We would not want leaders to go beyond their authority, so we want leaders with good judgement, and surely the qualities of good leaders is not easy to find, but sometimes these kinds of people are needed, and it depends on the situation and the scope of the responsibilities whether some people are capable and how are they chosen and whether it might be better to not have any one leader or do we have everyone decide certain things?  None of these are easy answers... even if you seem to be suggesting that it is a deficiency in people to want to have leaders.

This is a horrible knowledge that many would argue against, and even prove revolutionaries as examples, but even there we have leaders. Hence, the idea of "letting all the work go, relax, sit down watch some netflix shows and allow another dude to decide on my financial future" seems easy and natural to many people in the world.

There are a lot of so called "libertarians" who are anti-government who seem to think that the world would be better without any government, or they want to describe what kind of government is good and what kind is not good, but sometimes the answers will depend on the will of the group.. which is a kind of government to the extent that there might be a belief that group interests exist that will not necessarily resolve on their own (through voluntary efforts).

I am pretty sure that bitcoin does not take away the need for government and leaders, but there are likely ways that bitcoin will continue to inspire various changes in incentives in connection with money and value  which has been a way that governments and leaders have been  corrupted through a large portion of human history because there seem to be a lot of ways that money system have devolved into abuses, even if there may have also been times in which monetary systems have brought value to various societies.. and surely some players have been able to profit more than others (Cantillon effect) even when the systems might have been relatively more fair than other systems.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
Pages: « 1 2 3 4 5 6 [7]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!