Market Analysis
Bitcoin has been sinking in price in a bear channel for the last couple of weeks. I've waited before saying this outright, because I didn't want to damage any potential runup to BTC's natural valuation, which is very, very high, IMHO*,...
...Yet the muckers of a jealous god, the fern, do what they can to arrest that realization, don't they?
*(...But this doesn't matter, now, and we are starring at another leg down.)
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I've simplified the entire cryptomarket into two driving factors behind valuations:
1. New Investment
2. Need for ferns (and other fiats)
That's it. A simple black box equation. We could talk about a lot of things, like maybe scarcity of the issuance through mining, but that exists within limits that we haven't hit, thus, it hasn't factored in. Further, this particular potential factor can continue to be mitigated (read manipulated) with smaller volumes in the current state of the market, as we've already been seeing for weeks, as long as the entire BTC market looks to our Lord and Savior Gox to gauge the market, or the entire cryptocurrencies market(s) for that matter - looks to that one horrid, high-commission exchange for relative pricing!
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We just are not seeing the "New Investment" that we need to boost the price up, or to maybe even boost morale and hype to really get things going again to overcome the need for miners, developers, speculators, GUS-type manipulators, and us peons to pay for our:
Taxes
Fees
Rents
Mortgages
Fines
Registrations
Loan repayments
Power/utilities
...Etc.
Do you get it, yet? The iron fist of the fiat-mongers requires each participant to submit to their will. THERE IS NO SELF-SUFFICIENCY. Barring self-sufficiency, the valuation formula is simple:
Price = (New Investment) - (Utter dependent need for fiats)
Frankly, I'm glad to see it has floated as high and as long as it has. I may even surmise that this is because the PTB actually have greater plans for BTC and some cryptos, so they've been manipulating this technical pennant, not just the downside.
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Solutions:
1. Stimulate New Investment through a variety of methods that those familiar with such things are accustomed. Increase investment of those already in the market.
2. This is the most important: begin to actually trade BTC for goods and services, (and do it person-to-person!) This greatly improves demand and higher price pressure, and reduces the volumes made available to the exchanges, all while marking gains in that critical 'self-sufficiency' ideal. (Comes with a huge tax issue in - oh no! - need for fiat!) (I think I've just made a huge contradiction, unless we begin to think outside the box the muckers have convinced us we should stay in for damned eternity!) Actually trading for goods and services will also increase the interest of new entrants to the market, further boosting "New Investment." Additionally, this actual use of BTC for real trade, not just 'investment'/trade/mining and speculation, will automatically reduce the need for fiat for all (but the taxes) associated with the traded goods and services for individual BTC market participants.
3. Eliminate the need for fiat - lower or eliminate taxes, eliminate fees, fines, registrations, have utilities, rents, mortgages all accept BTC, and make BTC available to those who need it for other reasons-through charity, not through new BTC banking. (Ya - I'm the crazy one, huh? Maybe re-examine your comprehensive view on reality if you think so....There just might be some gems in the process.)
4. All turn their backs in a fully-coordinated effort against exchanges like Gox that are already practicing a fractional reserve method. (Psst! - That's why the addresses always change and people have to wait for large withdrawals!) Further - stop looking to exchanges, which can be easily manipulated and have centralized power and are most open to coercion to set prices. Your privacy and Bitcoins are not safe with them, being the power-concentrating targeted bitches that they are. Set your own prices and go person-to-person. There should be software each 'person' can use to post their prices in a decentralized fashion. Multiple apps for this! Make it as difficult as possible for immoral muckers to break this budding expression of freedom. ('Freedom' they purport us to already have, yet they prove with their actions and lies that we do not!)
5. Turn your back on new cryptos, and some of those already present. The market is saturated in this respect, and the downward pressure from new issues is pretty intense already - it basically has the effects of dilution and increasing the need for fiat to pay for all of those new crypto miners, who are all losing out, anyway. (I don't really mind a more equitable distribution for a brand new crypto, but now is not the time for that due to this 'saturation' issue. (Interested parties are already tapped out and vested in the crypto market.) It should be broadly coordinated with all interested market participants and given a long-term commencement date, like 10 years into the future.)
6. Continue to innovate, making the BTC market more user-friendly and accessible to newcomers.
7. Anyone who insists on using exchanges, such as an operating goods or services business that requires it at this stage of the greater cryptocurrencies market, should write to the exchanges and demand greatly lower commissions. The few exchanges are hording at these rates! We need a hundred exchanges all with low overhead, and not clones of the exisiting ones funded by the existing ones! (Hey, competition would come if BTC crossed, say, $1000 USD, so maybe our Lord and Savior Gox likes this 'range', Hmm...~?)
8. Stop using drugs and alcohol, (so much?), as this separates your soul from your ego, and turns you into minions of the materialistic. I'm seeing lots of comments on the boards from people that don't get how these things send them in a return loop right back to their dark powers-that-be masters. If you think I'm an idiot for mentioning it, or even maybe you are an 'atheist' thinking it, that's cool, but you've missed the point. It totally factors into ultimate success for the cryptocurrencies market(s) and Humanity. Having deep contemplation of purpose and action is important, here.
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Thank you.
Feel free to copy and share broadly, no rights reserved.
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Fern - Federal Reserve Note, $USD, dirty rotten fiat.
Topic: The Road to Bitcoin's Ultimate Success - page 2. (Read 894 times)
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