You live and die by what governments do now.
Yes.. governmental decisions have effects on the lives of people in a variety of ways.
I agree, but every day here in these forums there's at least a hundred posts that insist that "Bitcoin cannot be controlled by any government" LOL.
Instead of making some kind of blanket statement regarding what people think governments can do or cannot do, or proclaiming that there is some kind of a spokesperson for bitcoin, maybe you should attempt to be more specific.
You are probably right, technically speaking. But I assumed my statement about many (most?) people's sentiments about Bitcoin being a hedge against government control was not a controversial one.
There are probably ways to make statements without overly attributing what people think, including that people are all over the fucking place, and even if some people voted for Trump, they might have regretted their decision the next day. Another thing is that perhaps with any election, some folks might vote for one candidate or another because they think that they are less worse than the other, so for example with Trump and bitcoin (or even crypto), there were likely a lot of folks who merely concluded that Trump it seemed quite logical that Trump would be less hostile to bitcoin (and Crypto) than Harris based on some of his statements, but also based on his actions of getting into all kinds of crypto, shitcoins and scams (even him being a convicted criminal himself), it likely seemed way less likely that Trump would be hostile towards bitcoin (and Crypto) than Harris - and even though Harris would not necesarily going to be the same as Biden, there was already quite a bit of evidence that Biden had been quite hostile to both Bitcoin and crypto, and Harris was not clearly and/or unambigously clarifying that she would be less hostile, so likely Trump came off as the lesser of two evils, including that it frequently does not seem that Americans have a lot of good choices in front of them when it comes to all kinds of leaders and the fact that they seem to engage in a lot of lying and leaving some sense of futility in regards to what any politician might be able to accomplish in regards to various perceived economic impacts on the lives of people.. and if there were continuous statements from Biden and Harris proclaiming that things were getting better in the economy, it is not really likely that an overwhelming majority of the population believed those claims and surely they might even have had voted against Trump for other reasons, yet there can be several kinds of issues that exist that cause votes to go one way or another, and bitcoiners are not even just bitcoiners, they have other issues that might concern them too.. so even if Trump's stance on bitcoin (and crypto) might have had some decent sway in getting him over the line and into office, it is not like everyone (including all bitcoiners) are going to feel the same about the topic or the various ways to support bitcoin or not or even whether hostility will be reduced or various kinds of political actions that might cause them to support the current administration or not....and not that there is a whole hell-of-a-lot of choice once an administration is already in place.. there is a decent amount of leeway that they get to carry out their vision, even if their vision might have a lot of flaws (and self-centeredness) too.
I don't think I would need to look at too many posts here, or Bitcoin ads from brokers, or stories in the media, or just average investors to see this sentiment repeated. I would go so far to say that "anti-government" is the biggest component of Bitcoin's brand.
But you are right, I didn't get specific. Too lazy I guess. The point is withdrawn.
I doubt you need to withdraw points, even though I get the sense that you get so inclined to exaggerate so many times, and then you end up going down the road of misrepresenting matters and even failing to capture some semblance of true sentiment or other happenings in relation to bitcoin sentiment or perhaps how bitcoiners might feel about he role of government.. to the extent that there is any uniformity in terms of sure perhaps bitcoiners are skeptical of government and tend to want less government, and probably if Trump is symbolizing less government, then that could have been a reason to vote for him, yet sure, at the same time, there is some contradiction to expect someone in government to lessen government in ways that might end up being practical.. but then at the same time, yeah.. irony to expect leaders to do that... yet at the same time there can be some senses of futility in terms of how to potentially bring some kind of balance back in life and to feel as if not being so much controlled by government in so many areas of life, and yeah there could be some wishful thinking in terms of expecting trump to be successful in reducing government in meaningful ways..
perhaps bitcoiners will think in terms of the monetary ways to reduce government by reducing some of the power of the dollar yet at the same time increasing the power(influence) of bitcoin, yet how the fuck would their be any agreement in regards to any of the specifics, when it is not even likely that two bitcoiners are going to agree on specifics, even if they might agree on some of the general parameters to get bitcoin to be more influential in terms of governments having some neutral and sound incentives if they have some pegging to bitcoin rather than ongoingly engaging in untethered behaviors related to irresponsible debt management and money printing. .and sure when it comes to details, it seems a bit impractical to really to believe that Trump would be successful in causing the USA government to be more responsible and grown up when he is quite the nutjob himself, even though that's what the American people voted for.
I doubt that it is even accurate to say that the "broader" community has gotten in bed with the USA govt, even though sure there are some folks who consider potentials for less hostility towards bitcoin (and crypto) to be a good thing, yet I still find it difficult to proclaim that bitcoiners are going to be overly excited about Trump and some of his folks seeming to be involved in pumping shitcoins...so who knows what they are going to do.
Uh, if these forums are any indication of the broader sentiment--and the money that flowed into Trump from the crypto universe would support that--it would appear that "BITCOIN=TRUMP" now to any average American.
Sure.. but many in mainstream media do not even seem to know what the fuck bitcoin is, so when there are various kinds of attempts to figure out what Trump is doing, it is not like either "average Americans" or various aspect of the mainstream media are figuring out the difference between bitcoin and crypto, and I doubt that Trump's ongoing behaviors are helping to clarify matters, since many are going to end up getting distracted by his seemingly opportunistic behaviors, so even if he ends up setting forth some decent bitcoin-focused proposals (or executive orders), there still could be some confusion in regards to what might be some of the effects of the various proposals (or executive orders) that end up coming out...and sure, we are likely to see several pieces of more specifics this week, yet some of the specifics might take a few weeks to play out in terms of finding out the extent to which (or how) Trump's actual actions match up with the rhetoric, including that some things sound good when they are said, yet there could end up being some contradictions in the specifics if we end up seeing some executive orders that come out or if we might see that Trump might be putting some weight (and/or political capital) behind some legislative efforts and/or some judicial reforms..
including that there are still several weeks and/or even months of transition in which nominations are made for folks to head up various agencies, and during the time that nominations are waiting confirmation, there can be others who are put into those position to serve as "acting" while the nominations are pending, and even "acting" heads of various agencies can end up making decisions to change policies and priorities, and at other times, there still could end up being stagnation in certain departments or even difficulties to overturn certain kinds of already existing practices and/or procedures and/or rules within some of the agencies in which Trump might want to make changes (or propose changes), and there could be considerable questions in regards to the extent to which he has meaningful power to make the changes that he might want to make... to the extent that his changes are even necessarily good and./or consistent with what people might have thought that he was going to do.. including that Trump already has been known to be a bit of a renegade, which might cause him some advantage when he just does whatever random thing that ends up being on his mind at the time, whether he had that intention all along or not, who knows, he is not exactly an honest person and has not really demonstrated himself to be very honest...and at the same time, people probably already knew that when electing him into office...so there could be some crazy things happening in the coming weeks and/or months and whether bitcoin continues to plod away with tick tock next block every 10 minutes seems to be one thing that we mostly should be able to count upon.
I agree you cannot and should not trust Trump--and I very specifically warned people about this before the election--but human beings tend to be... short-sighted and greedy. All anybody seemed to care about is Trump pumping the price of Bitcoin past $100k. Nothing else mattered.
You are exaggerating and misrepresenting again.
Yeah, sure there are always going to be people who get excited about BTC price pumps and seeming to compromise all values because they communicate excitement to get to $100k and perhaps beyond $100k, and so yeah, if there are senses that the election of Trump contributed to the pumping of bitcoin, then people get excited.. including that factually, we largely saw bitcoin pumping almost nonstop between the announcement of the election until even today.. even though there has been some pausing in there too... and so yeah people get excited and they attribute it to Trump getting elected, and even if that explanation is not completely true in regards to why bitcoin has largely been pumping for the past 2-ish months, it is something that seems to be somewhat prevalent as a current explanation.. and in the end, you seem to be attributing way too much to this kind of explanation, even if yes we know that a lot of people are getting excited, and maybe even 90% or so are proclaiming it to be a Trump pump.. .. in the end, so what? people are not necessarily compromised merely because almost everyone is labelling the pump in the same way.
Now Trump could turn off Bitcoin's price like a light switch because so much is riding on his personal whims.
Sure. He could try, and maybe he would be successful, depending on whatever policy that he announces or action that he takes. But so what?
Anyone in bitcoin need to be prepared for BTC price moves in either direction (and probably both directions at the same time), and it is possible to prepare yourself for a variety of scenarios, yet a lot of times, many of us are going to have base case ideas, which largely is error on the side of either accumulating or holding bitcoin.. which largely means continue to make sure that you are prepared for up, since historically bitcoin has tended to go up, and it continues to be quite likely that bitcoin will continue to go up... and you should not be fucking around trying to trade bitcoin when it has been the best asset and likely will continue to be the best asset, whether governments get on board or not.
And Trump's extremely well-documented history is to be 100% self-dealing: in other words, he only does things that benefits himself personally. This is unlike any other US president in history: other presidents have done some self-dealing things here and there (although very little by world standards), but Trump is the first one to completely prioritize his own personal finance over absolutely everything.
You are exaggerating again. You cannot help yourself, right?
Sure Trump is a self-dealer, a liar, a convicted criminal, a narcissist and various other negative personal characteristic qualities, but it still does not mean that he is going to end up being successful if he tries to manipulate bitcoin beyond where bitcoin is ready to go... Sure, he can try, and maybe he will be successful and maybe he won't.. and if he is buying bitcoin and then pumping bitcoin, then his incentives are aligned with bitcoin, and then maybe at some point he might start to bet on bitcoin going down so maybe he will sell and/or maybe he will short bitcoin, and maybe that will work out for him and maybe it won't. Maybe he will try to use the US government treasuries to pump his bags, and maybe that will work out for him and maybe it won't..
In some sense on a personal level, each of us still likely needs to figure out our own personal holdings in bitcoin and where we are at rather than getting too worked up in various scenarios that might happen or might not happen.. so on a personal level you can choose whether you invest into bitcoin and how much of a position that you take, if you choose to get into it. You can also choose to pump your own shitcoin, and see how that works out for you. You can choose for yourself, and hopefully you are able to figure out how to communicate your positives and negatives about bitcoin, even though you seem to be also wanting to ongoingly denigrate bitcoin and bring negative talking points about bitcoin in order to pump your own shitcoin, which I doubt that pumping a shitcoin and failing/refusing to invest in bitcoin (if that is what you are doing) is going to be a successful strategy into the future, yet sure, you have a right to choose whatever strategy that you like in terms of your own personal investment portfolio and whatever your various allocations might be... hopefully accounting for your
own personal financial and psychological circumstances, too.
But "the Trump pump is real!!!" they said, and nothing else mattered
.
Holy fuck. "Nothing else mattered?" Are you even trying to represent any kind of community sentiment in some kind of a fair way? Sure people love to have their bags pumped, and whether they sell or not, there is likely going to be some excitement to have your bags pumped.. but so what?
Maybe you are in problematic territory when you are proclaiming "they said" and then acting as if whatever "they said" is some kind of an important, meaningful and/or representational accounting of what was supposedly said and what significance it has that some people (even if an overwhelming majority) had said it, even if it had been said by "them."
Frankly, if I were holding a lot of Bitcoin right now, I'd dump the whole lot.
That is why you are not holding any, since you cannot appreciate the value of holding them, so you sell upon any amount of BTC price appreciation, and you end up in the same bitter status of so many of the folks who failed to recognize/appreciate the value of bitcoin and they sold too many too soon.
You are like the guy who says that if he had bought 1,000 bitcoin in 2012 for $5k, then he would be selling his coins right now.. blah blah blah blah.. , and the fact of the matter is that you would not have had even been able to hold your coins all the way through the 2013 price run, and you probably would have sold all or most of your coins in the first half of 2013 when BTC prices went from $8 to $263, and you would have completely been a no coiner by the time the late 2013 price run came up to $1,163, and sure maybe you would have had been able to catch a few of those trades along the way, yet you would have had been way worse off than the guy who had been able to mostly hang onto his coins... and surely even a guy who bought 1,000 BTC in 2012 and if he had sold 10% of his BTC every year between 2013 and 2024, he would have had been way the fuck better off than someone like you who has no fucking clue about how to manage BTC holdings, including a need to error on the side of mostly holding rather than trying to fuck around with trading and/or selling too much too soon.
Even a guy who bought 1,000 BTC in 2012 and decided to
sell 10% of his BTC stash every year (on a per rata monthly basis) starting in the beginning of 2013, he would still have somewhere in the ballpark of 300 BTC right now, and over the past 12-ish years, he would have had cashed out about 700 BTC and gotten around $8 million for those sold BTC over the years, so with bitcoin there are ways to be somewhat moderate with your selling and even to be as aggressive as selling 10% of your stash every year, but still to have your BTC stash growing faster than the rate of your withdrawal.
Sure past performance does not guarantee future results, yet still there is no reason to be fucking around trying to trade or selling large portions of your BTC merely because you perceive that the BTC price might go down in the short term, especially since another side of that anticipating that the BTC price might go down is that it might not go down and instead it might either go sideways or it also might go up. So, fucking around and trying to trade seems like a fools errand when it comes to bitcoin, but hey, you seem to have hardly any fucking clue about what bitcoin is, even though you try to act like you know things, to the extent that we can have any confidence that you even believe the various ongoing nonsense talking points that you are regularly spouting out.
It might still go up some, but the downside danger here is pretty extreme. Trump changing his mind could send the price down 90% or more.
Sure, it is possible that BTC prices could go down 90% or more, yet I doubt that is a very good base case or any kind of reason to be failing/refusing to prepare for various more realistic scenarios. You pick some kind of pie in the sky outlandish scenario, and then you are going to invest based on such a framing of something that could happen? That is pretty damned close to retarded, especially when there are a lot of various other scenarios that have way better odds of happening that don't involve selling bitcoin, and surely whether someone is even in a position to sell any bitcoin, then he would have to have bitcoin to sell in the first place, so if you don't have any bitcoin or you don't have many bitcoin, then you are not even in a position to sell in the first place.
You have already stated that you don't have many or any BTC, so how the fuck could you even be close to prepared in regards to your own personal bitcoin allocation choices? to the extent that we can even accept that you are being genuine with us about your own holdings.. but if you are being genuine and you either don't have any bitcoin or you have very low amounts of bitcoin, then you surely seem like you are not in a very good financial position, especially since it should be apparent that bitcoin is amongst the best (if not the best?) place that anyone could put value.. and surely another attribute of bitcoin is that it is available to anyone around the world, so long as such person has a discretionary income.. and yeah there are poor people who don't have discretionary incomes, yet some of them might be in a position to figure out how to put themselves in a position to generate discretionary income by increasing their income and/or cutting their expenses so then they could buy bitcoin and hopefully have an investment timeline that is 4-10 years or longer.
Are you trying to tell me that there's some kind of
remote chance that Bitcoin might... not pay off as an investment? How... UNmaxi of you
.
I never specifically said that, and I was not trying to tell you that. I have frequently asserted that bitcoin's upside performance is not guaranteed, so everyone (including yours truly) should be engaged in practices in which they understand that bitcoin is not guaranteed.. and yeah, odds of bitcoin going to zero are quite low. .yet odds of bitcoin crashing 70% to 80% or even more in a short period of time are far from zero, so any of us should be financially and psychologically prepared for great levels of bitcoin volatility [...]
That is very sensible. So your assertion is not that Bitcoin is perfect, but that every other digital currency on the planet is "shit". Okay, I think I understand your position better now.
For a working hypothesis, and even a way to attempt to approach investment into bitcoin as compared with any other place to put value, if you are looking at any other digital currency and comparing it to bitcoin, you should presume that all other digital currencies are shitcoins, unless you can figure out why it might not be a shitcoin or that you might choose to allocate some value to some shitcoin for some practical reason.. so likely for any beginner investor, there should be a presumption to just start investing into bitcoin only and to also balance out any bitcoin investment with having various cash reserves, such as an emergency fund and other kinds of backup funds, and surely as the newbie is building up his bitcoin investment, then likely he is also buttressing up his cashflow management practices too. Now if for some reason that same newbie is wanting to get into shitcoins or he feels that he has extra money to invest into shitcoins, then probably he should limit any investment into shitcoins or trading of BTC to less than 10% of his bitcoin holdings, and I would not recommend getting involved in any of that until creating some kind of a bitcoin strategy first... but yeah, of course, people can do what they like, yet if someone is in the earliest stages of investing and building of wealth, they probably should concentrate on bitcoin and cash first, and then surely the more that they invest and the more that they have discretionary income, then they likely would have more options as they are able to build up those kinds of matters in their own financial lives.
Next you'll be telling me that maybe, just maybe there's an actual
valid reason why El Salvador might look at other digital currencies besides Bitcoin... We're through the looking glass now, so why not?
El Salvador seems to have largely been bitcoin focused, yet they have some legislation that attempts to incentivize technological innovation and also wants to attract capital, so surely sometimes ideas about shitcoins could end up being tolerated, yet that would not necessarily mean that they are promoting shitcoins.
Insofar as they are taking compelled taxpayer funds and using them to do something for Bitcoin or some other product, that is...
promoting the product.
Clearly if the leadership of El Salvador thought as you think, they would not be doing what they are doing. Quite the opposite since them letting another currency into the picture is such a bearish factor for Bitcoin.
To me it seems that El Salvador has been focusing on bitcoin first, and so I have difficulties seeing how they are supposedly losing their focus on bitcoin as you seem to ongoingly be portraying them as doing.
It also seems to me that if you have some kind of a specific criticism in regards to El Salvador's supposed loss of focus on bitcoin, then you likely need to outline your case somewhat better than your vague allegations that their acceptance of Tether to create a headquarters in El Salvador is supposedly problematic from your perspective.. and it does not even seem to be problematic. I thought that I had also read that Tether was in the process of planning to build some kind of a large building (like a skyscraper) in El Salvador in order to locate parts of their office and perhaps other aspect of their future business development plans in such large building. Surely if they end up having extra space, then maybe they would rent out parts of their skyscraper, too? I had not heard too many details or even figured out how far along they might be in regards to actually breaking ground rather than merely planning and getting various permissions.
Maybe someone can provide some details about where the proposed Tether skyscraper planning might be in El Salvador at this time?
).
