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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1119. (Read 26707875 times)

legendary
Activity: 1526
Merit: 2617
Far, Far, Far Right Thug
Observing 51,508@Stamp

In the meantime, on the ECB tower in Frankfurt someone wrote this masterpiece:


ETF approval for bitcoin – the naked emperor’s new clothes
Quote

ECB: we reiterate that the fair value of Bitcoin is still zero. For society, a renewed boom-bust cycle of Bitcoin is a dire perspective. And the collateral damage will be massive, including the environmental damage and the ultimate redistribution of wealth at the expense of the less sophisticated.


Embarrassing.

Luckily for all its users, Bitcoin does not answer to the ECB.

It must be very frustrating for them that they can put blackmail fines on all companies operating in - and citizens living in the EU but not on Bitcoin.
 
Grin

Why are they wasting time on discussing Bitcoin anyway, when they can discuss sending another €100 billion to Saint Holy Pope Zelensky of esteemed model innocent country Ukraine?!

Because THAT is totally not leading to problems and only making innocent and "the less sophisticated" people happy, right?

Either that, or they can crawl even further up Joe Biden's rotten dirty arsehole.

Just an idea.

----

The comments on the ECB tweets are hilarious because they are true:



member
Activity: 85
Merit: 13
I don't post often, but have been part of this forum for 11 years.  I'm looking for someone to provide a counter argument to these statements, which is where I believe we are going in the next ten years:

The approval of the Bitcoin ETF should be an absolute game changer in the sense that:

1.  Most people buy ETF's for the long term; they are usually not looking for a quick profit buy/dump.  They are a crucial component to many 401k programs where as we all know -- funds get bought and held for the long term.  Obviously yes, at point of retirement, distributions are taken, but right now - there is much more buying going on than selling and this should continue slowly and steadily into the foreseeable future.

2. Couple this with the fact that around 88% of the total supply is already in circulation, how can we not continue to see a slow and steady growth in price as the scarcity issue gets larger and larger each day?

3.  Approval of the ETF albeit even while that arsehole Gensler poo-pooed it gives it even more legitimacy to the consumer that was previously wary.

4.  Exchange supply is extremely low right now, and the halving is right around the corner.  Our current price may already reflect all of the points I am making, but again, as time goes by and supply remains limited, where else can we go but up up up?

5.  I see $100,000 on the horizon but I see us reaching this slowly over the next 18 months.  

What a great time to be a proud believer in Bitcoin.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 3808
Merit: 7912
Observing 51,508@Stamp

In the meantime, on the ECB tower in Frankfurt someone wrote this masterpiece:


ETF approval for bitcoin – the naked emperor’s new clothes
Quote

ECB: we reiterate that the fair value of Bitcoin is still zero. For society, a renewed boom-bust cycle of Bitcoin is a dire perspective. And the collateral damage will be massive, including the environmental damage and the ultimate redistribution of wealth at the expense of the less sophisticated.


Embarrassing.

 If only they would use the same rigor when it comes to say... teaming up with the USA to needlessly bomb the living shit out of third world countries thereby forcing millions of asylum seekers to surge into their countries  ultimately redistributing wealth at the expense of the "unsophisticated" citizens while at the same time making it look so easy and lucrative that non-asylum seekers would risk their lives on over-loaded, rubber dinghys as they attempt to simply escape poverty...  at a cost of anywhere from 10,000€ to 20,000€ each just for processing.

 but yeah, bitcoin bad.
 
legendary
Activity: 2380
Merit: 17063
Fully fledged Merit Cycler - Golden Feather 22-23
Observing 51,508@Stamp

In the meantime, on the ECB tower in Frankfurt someone wrote this masterpiece:


ETF approval for bitcoin – the naked emperor’s new clothes
Quote

ECB: we reiterate that the fair value of Bitcoin is still zero. For society, a renewed boom-bust cycle of Bitcoin is a dire perspective. And the collateral damage will be massive, including the environmental damage and the ultimate redistribution of wealth at the expense of the less sophisticated.


Embarrassing.

This is candy:

Quote
So why is this dead cat bouncing so high?

So what do you expect from the enemy number one of the decentralized peer-to-peer electronic cash system number one?  
 Wink

I would expect a serious analysis of the Bitcoin protocol, highlighting its flaws and deficiencies. A clear and factual explaination why euro is a superior currency, money and store of value.
Not a delusional rant.
hero member
Activity: 938
Merit: 1891
bitcoin retard
Observing 51,508@Stamp

In the meantime, on the ECB tower in Frankfurt someone wrote this masterpiece:


ETF approval for bitcoin – the naked emperor’s new clothes
Quote

ECB: we reiterate that the fair value of Bitcoin is still zero. For society, a renewed boom-bust cycle of Bitcoin is a dire perspective. And the collateral damage will be massive, including the environmental damage and the ultimate redistribution of wealth at the expense of the less sophisticated.


Embarrassing.

good lord...  reminds me of:

https://www.facebook.com/watch/?v=292611932611577
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
Observing 51,508@Stamp

In the meantime, on the ECB tower in Frankfurt someone wrote this masterpiece:


ETF approval for bitcoin – the naked emperor’s new clothes
Quote

ECB: we reiterate that the fair value of Bitcoin is still zero. For society, a renewed boom-bust cycle of Bitcoin is a dire perspective. And the collateral damage will be massive, including the environmental damage and the ultimate redistribution of wealth at the expense of the less sophisticated.


Embarrassing.

This is candy:

Quote
So why is this dead cat bouncing so high?

So what do you expect from the enemy number one of the decentralized peer-to-peer electronic cash system number one?  
 Wink
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?

no i say 44,444 in the next 4 days

40/40 chance

That's a nice variation, even though it is probably worthy of some kind of cruel treatment.. such as a batslappening.

Hey, and why didn't you go with 44.44444/44.44444 chances.. so that would ONLY leave you with a 11.11111111% difference, rather than a vacuum of 20%.  You are no scientist.

i ran out of fours Sad
legendary
Activity: 2380
Merit: 17063
Fully fledged Merit Cycler - Golden Feather 22-23
Observing 51,508@Stamp

In the meantime, on the ECB tower in Frankfurt someone wrote this masterpiece:


ETF approval for bitcoin – the naked emperor’s new clothes
Quote

ECB: we reiterate that the fair value of Bitcoin is still zero. For society, a renewed boom-bust cycle of Bitcoin is a dire perspective. And the collateral damage will be massive, including the environmental damage and the ultimate redistribution of wealth at the expense of the less sophisticated.


Embarrassing.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)

So within any DCA approach, you can choose the extent to which you want to be aggressive or whimpy, and whether you are aggressive or whimpy, you should still be able to manage other aspects of your budgeting which would be making sure that your expenses are below your income and/or managing your emergency funds, reserve funds and/or float.  The mere fact that you are aggressive does not mean that you would necessarily end up being sloppy in gterms of managing various aspects of your budget.
for me being aggressive should be focused on when you have a higher paying job and being Wimpy when you have no job to back you up in the journey. I believe someone who has a higher earning with aggressive investment can DCA big fund weekly, and take care of his other responsibilities and have a better emergency fund except the person is a careless or an extravagant spender otherwise there is no point of have a bigger fund and yet lack a better strategic plan. although sometimes peop with high earning are always tempted to spend alot I must confess. you know they say when your money is big your responsibility also increase along with your current financial status. it only takes self decipline to control the urge of excessive or extravagant spending.

Isn't "aggressive" or "wimpy" meant in a situation-dependent way?
So if i have about $100 to spend each month through various ways of generating income and minimizing outflow, i would be "wimpy" to invest $1-$10 of it for DCAing Bitcoin vs. "aggressive" if investing $90-$100, right? I would also be "aggressive" if i, for example, cut my healthy but costly diet down to only eat potatoes and rice (or Ramen, to introduce a bit of religious humor...), right?
At least this is the way i understand this terminology: In relative, not absolute terms.
To be able to follow this discussion, do my assumptions, which are by no means complete, just simple examples, match?
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
sr. member
Activity: 434
Merit: 275
Enjoy 500% bonus + 70 FS
Since the thread in which I was posting/responding was locked, I am going to post my response here, in this lovely thread, and I will also invite Pi-network314159 to look at my response in this thread and decide whether he is going to respond further.
it's my pleasure and honour being invited here, but after this reply I would like the conversation to continue in this post.

I agree that the general idea of applying DCA to BTC accumulation would be to attempt to both invest in bitcoin on a regular basis and to customize your style/approach to your own financial circumstances and/or budget.
that is correct, because to get acostomed to DCA one needs to invest on a regular basis. and that is basically the secret of getting a better style or approach, but the fact still remain that no matter how we get better style , sometimes investment strategy changes expecially when there is no steady income generation. may be when salary job is terminated, it will definitely affect the DCA strategy making it a little bit slower than expected or any other unforseen circumstances. but definitely there is always a way out maybe pausing the investment or reducing the investment plan by rearranging the statistical data analysis which have been programmed on DCA. I also see that the best way to achieve this DCA strategy is to have a  Private/self employed business, because that is the only way we can achieve our table lay down.

So within any DCA approach, you can choose the extent to which you want to be aggressive or whimpy, and whether you are aggressive or whimpy, you should still be able to manage other aspects of your budgeting which would be making sure that your expenses are below your income and/or managing your emergency funds, reserve funds and/or float.  The mere fact that you are aggressive does not mean that you would necessarily end up being sloppy in gterms of managing various aspects of your budget.
for me being aggressive should be focused on when you have a higher paying job and being Wimpy when you have no job to back you up in the journey. I believe someone who has a higher earning with aggressive investment can DCA big fund weekly, and take care of his other responsibilities and have a better emergency fund except the person is a careless or an extravagant spender otherwise there is no point of have a bigger fund and yet lack a better strategic plan. although sometimes peop with high earning are always tempted to spend alot I must confess. you know they say when your money is big your responsibility also increase along with your current financial status. it only takes self decipline to control the urge of excessive or extravagant spending.

The tool does not become less valuable merely because I was the one that inputted the data and created the assumptions versus some other person could make better or worse assumptions, so the mere fact that such a tool is available does not assume that it will be used well or that my way of using it is not any good for me, whether I turn out to be correct in my assumptions or not, it could still be helpful to go through such exercises.. but it also might be a big waste of time for some folks who might be served better by using their skills and their thought process in other ways... Another thing is that it may or may not be helpful if the person using the tool is failing/refusing to attempt to match the knowledge and/or theory with putting some variation of the framework into action... When a person puts some of these ideas into practice the ideas may well end up informing the practice and the theory, so the whole process of putting the theory to action can help to better inform any person who is trying to improve himself and/or his circumstances through the use of these kinds of tools.
you are also correct. setting the table by yourself doest to implies that it is not good for you, each individual has a way of doing theirs but definitely the Wimpy ones will alway find a way of criticising the table in other no to follow a rightful part but that doesn't change any fact because it is an individual race and doesn't require any body to like it or not. the reason many people put their blame on some unnecessary things is because of there inability to to program a table and follow it subsequently without failing. and when dey do it based on anytime any day or always wanting btc to dip, dey become tired and wanting to call it a quit and also planing to sell of the little generated btc.

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
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sr. member
Activity: 114
Merit: 93
Fly free sweet Mango.
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legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
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