Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12211. (Read 26607656 times)

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Lol I was faster

I don’t know.   But I am finished shorting this market cycle. I can no longer say with confidence that the bottom is not in.  It’s probably not, but I don’t think there is much left in it. Too many miners going broke, Consensys layoffs etc.   Risk/return is gone for me.

I didn’t think we would break upwards of $3450 but we did.  So I scaled out fairly quickly after that.

Going to start buying physical today.   Then will look at starting some low leverage longs next summer.  

I don’t know.   But I am finished shorting this market cycle. I can no longer say with confidence that the bottom is not in.  It’s probably not, but I don’t think there is much left in it. Too many miners going broke, Consensys layoffs etc.   Risk/return is gone for me.

I didn’t think we would break upwards of $3450 but we did.  So I scaled out fairly quickly after that.

Going to start buying physical today.   Then will look at starting some low leverage longs next summer.  

All you're doing is supporting my previous statement that bitcoin's only current value prospect is regulatory arbitrage. It's currently easier to perform regulatory arbitrage using shitcoins than fiat dollars, although you could probably still do that with numerous other systems like Paypal or whatever anyway - bitcoin is just a little better at regulatory arbitrage than most others at the moment.  Shitcoins are worse at regulatory arbitrage than physical metals due to their built-in Orwellian tracking system though, you just have to be in the same proxity for the metals.  

But everyone knows bitcoin will be clamped down on hard until it's virtually the same as using fiat regulation-wise, except worse due to abolishing the 5th amendment with it's built-in tracking system.  Doing what Bob did is only a temporary feature used to bait and switch people into this tracking system garbage.  Transaction validators are designed to centralized in every single craptocurrency, so govt clamping down and regulating them, or completely controlling every aspect of them, is inevitable, and why you should never promote shitcoins over physical metals.

There are no centralized 'transaction validators' in physical metals for the govt to regulate, take over, and control as their new 1984 toy.  And before some Ethereum buffoon posts to use a different shitcoin, it's 100% impossible to create a decentralized digital currency.  Transaction validators will always be designed to centralize in every single one.

^ r0ach, can you explain me how Bob could have invited more than hundred pseudo anonymous people spread all over the world to a beer as he did a few days ago if it were not using Bitcoin?

You 're welcome Goldking, after all, we need to have some interesting exchancges on the WO... . (You did not find it weird that we fry our world fameous fries in their fat?)