$2 short of $70k...
FFS, Bitcoin! Give us what we want!
The exchanges are doing their hardest to stop any new ATH, they're acting like rigged banks,
but they appear to be losing, new ATH in 5....4.....3.....
I reckon Binance is printing a shitload of paper bitcoin to push the prices down, and perhaps offloading their own customers coins. My guess is that Binance will be the next FTX after this run peaks.
You coming off as somewhat crazy... Binance is currently coopted by the US Govt, under strict surveillance.
yeah, sure shenanigans might still happen, but surely not based on the seemingly ill-informed framework that you seem to be coming at the issue.
Think about the matter. Binance was largely a renegade exchange that they US Govt (and probably some BIG players) were afraid that they could not control or manipulate, and now they have way more tools to accomplish such control and/or manipulation. .perhaps not total control, but a lot of it.
That is not even fucking close to what FTX was doing...so it is ongoingly silly to make such comparisons without at least attempting to put matters in to a more factually based framework... or even using some attempts at logic too.. .
think about another matter that revolves around Tether FUD that ended up largely not being true, so yeah the dynamics are changing where tether seems to be playing along to get along a lot more and acting less like a renegade.. .. so it is good to attempt to update our talking points with some of the dynamics, and surely I don't claim to know all of the dynamics, but I know that there are a lot of attempts to corral some of these various bitcoin related entities (and yeah crypto too).. while at the same time, they (the powers that be, USA Govt, rich people/institutions / other governments) are ONLY able to so much in terms of trying to coordinate their various corralling efforts, especially since not everyone is cooperating.
IMO exchanges want shitcoins to flourish, so they do their best to keep a lid on BTC so as it doesn't attract as much attention.
Well that part is true.. there is desperation to pump various kinds of bullshit, distract and perpetuate disinformation and/or misinformation.. so yeah, I have to agree with you on those angles.... but your framing of Binance as the bad guys is likely ONLY a recent development that still has to do with the US Govt to do the bidding of Blackrock et al to try to keep Binance as controlled as they are able to accomplish under current circumstances.
How exactly is JJG able to write these books here?
"Free" will.
And by using dee fingers.
And, thank you to the forum and theymos for allowing such open dialogue..
If you had not noticed, we
(royal and otherwise) can say "almost" anything that we like in these here parts.. ."almost"
How exactly is JJG able to write these books here?
New iPhone to read JJG books
I like your texts JJG and I read as many as I canooooo.. nice Iphone that you got there.
You must have "relations" with Tim Cook to be able to get your hands on one of those bad boys.
Sideways sideways sideways...
Well at least the 200WMA goes up.
I'm thinking about what you said JJG but I think the 200WMA is too conservative for me at this point. I'd rather have something like 2 years of fiat for my living expenses, and try to time sells at "good prices", sell something like 6 months living expenses, rinse and repeat. And not go below 1 year of fiat in reserve.
But I'm not decided on when to start.
I get a bit muddled in my use of the 200WMA, but I still think it serves as good bottom indicator so you might modify the levels of your sales (if any) to cause them to be smaller if the BTC price is anywhere close to 25% from the 200-WMA or lower than that.. and you can feel more comfortable if you are making BTC sales when the BTC price is way higher than the 200-WMA... like right now, we are right around 118% higher than the 200-WMA.. and sure there have been times in 2017 that we were 1,400% higher than the 200-WMA and times in 2021 only ranged between 200% and 500% above the 200-WMA (the earlier 2021 price rise achieved a higher percentage above the 200-WMA).
I think that
my attempt at outlining a raking system works much better than the sustainable withdraw based on the 200-WMA (with
fillippone's Google Spreadsheet to help with any guy wanting to manually input his own numbers into the raking system) because it is purely based on figuring out BTC price rises as trigger points for sales.. and sure you can account for how for you are from the 200-WMA, but the more important thing is just thinking about your comfort level in shedding off some cornz so you can get to the levels that you would like to have for fiat in reserves. Of course, we know that bear markets could end up seeming like they last 2-3 years, and you never know if they could get longer in the future, but it seems that we are more likely to have up, up and more up before entering into any bear market - even though there are likely going to be several fakeout "crashes" along the way... so yeah, sometimes it can be nice to have some fiat in reserves because we never really know when the actual crash (meaning the longer one that had been typical of prior cycles) is going to come for real (I am presuming that it will, just a matter of exhausting the exuberance first with some meaningful blow off tops and perhaps some rug pulling or other shenanigans that justify a decently long period of crashening).
Next attempt on ATH
initiated today
A Haiku Sunday
Got a message from one of my friend who is in USA (also a non Bitcoiner) that Bitcoin is at 70k.
My simple reply,
Bitcoin is the king.
I'm sure that your friend will find your message to have had been very helpful... It is almost like saying: "I told you so," but in a more subliminal way.
Remind me why we have a distributed peer-to-peer currency again? 
