Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 160. (Read 26499688 times)

The relative stability here is based on it's volatility and no if Fiat was really stable it would have been better
Unfortunately the falls and falls in value.

Just thought it through that even death despite been Constant isn't stable.

What does "stable" mean in this context? Valued at a constant fiat level? Why would be fiat be a valid reference system? Is it "stable" when measured in - say - hot dogs or brownstone bricks? To me, the situation is akin to relativity, where there is no privileged reference system: everything depends on the observer, and different references can be transformed one into the other by the proper conversion formulas. The only thing that is indeed stable is c, the speed of light, which is constant ("capped") any way you look at it.

But let me put it into napkin poetry form...



21 million
like in relativity
c, the speed of light





#haiku

Explanation
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Power to the people  

"Irish Criminal Assets Bureau Unable to Access Drug Dealer's $378 Million"

https://decrypt.co/285346/irish-police-378-million-bitcoin

"The Bitcoin, held in 12 wallets, was seized from a drug dealer who claims the seed phrases were lost in a break-in."
 

Explanation
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Stability ironically could scare investors especially if they feel it's too 'stable'.
If ETF holdings continuously increase to a " I hope not level" it would reduce the frequency of pump and dump and Increase the impact it would have on the market.
They holding now doesn't mean they will forever.

We can never fully experience market stability as already pointed out by outOfMemory.
Not even Bond nor Gold are fully stable they are just relatively stable.
Bitcoin would get to a level where it would be less volatile as it matures since its currently relatively young.

Well adoption could increase during economic crisis or instability
This is why major player are finding it attractive now, The Fiat system is failing.

Mind you Bitcoin not been as stable as Traditional Fiat is not a flaw.

link: https://bitcoinmagazine.com/takes/i-just-entered-the-bitcoin-mining-lottery

Explanation
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Explanation
Chartbuddy thanks talkimg.com

Show me one asset that is "stable"
Anyway, considering every (other) financial system on earth has inflation built in, and obeys to the law (or myth?) of infinite growth, can any "stable" asset even exist?
Second, how can one even expect that Bitcoin will be "stable" in terms of $USD? It just can't. It can only seem "stable" at a value of millions of USD, because fluctuations would seem smallish and you would have to zoom way out on the Y-axis.

EDIT: Oh, and did i mention scarcity already? 

Explanation
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So if that approach won’t work, how do we reach market stability? I mean, (erase that ETFs), what can we really expect in the future to drive that massive adoption? That’s the only way I see Bitcoin evolving and not just becoming a huge pump-and-dump scheme controlled by the whales with massive holdings.

Good luck with your nonsense ideas that from here on out we are going to be "stable."  

I have been hearing those kinds of bullshit "we are going to be stable from here on out" statements since I first got into bitcoin in late 2013, and yeah sure bitcoin is continuously growing in its adoption and various network effects, and yeah there are periods of seeming stability with dee cornz (and likely going to continue having periods of stability), yet I hope you are not reading too much into what you believe to either be current "stability" or future stability merely because we have some rich status quo twat company(ies) holding keys for a bunch of folks who are unwilling, not ready or unable to hold their own keys.

I guess that’s what's happening now, especially with the spot Bitcoin ETF holding a massive amount of Bitcoin, second only to Satoshi. So those days of pump and dump might be fading away. Stability is actually good for the market since it doesn’t scare off investors.

Explanation
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That looks like about 9-ish to 10-ish years to $1.9 million, and surely we should be attempting to retain some flexibilities in the timelines that we see, while at the same time, personally, I am not going to give up the idea of the cycle until it actually disappears, which it has not yet done.. .. even though we should be expecting that the cycle cannot be exact, except by strokes of luck (or coincidence)..


I agree with you in regards to the idea of not wanting to rush the likely inevitable UPpity, yet at the same time, I disagree with your sense of suggesting that "it is different this time," when the main thing that is likely different is merely the entrance of more and more BIG ASS players, but the BIG ASS players are still going to end up fucking around with momentum and blow off tops and getting overly exuberant and not really knowing the extremes of the UPpity and the subsequent crashes down.. and yeah, maybe they are not going to be 50x to 100x on the way up for one cycle and maybe they won't be greater than 85% for the crash down,.. yet at the same time, we are not going to escape from one of the most inevitable things in bitcoin, which is the volatility... including shaking out of folks in both directions those who sell too much too soon on the way up and those who get shaken out of either their loss of profits or their wanting to lock in by selling too much (or any at all) on the way down and even near the bottoms, even if those bottoms only end up being 60% to 70% rather than 85+%.

To whoever is having doubts, remember that it's good that we're going slowly. We're probably not going to have an abrupt rise, neither the respective crash. Definitely not like the last ones. It's a different era for Bitcoin.

Move slowly and don't break things.

Observing 61,037@Stamp.

I will post a bullish random graph here because I like the idea.



My body is ready.

I understand that there are levels in regards to 2009-2011 coins that are suspected to be Satoshi... .. In other words, there are likely a good number of blocks that are suspected to be satoshi, but they actually are not satoshi.. and if some of those suspected to be Satoshi (but not Satoshi) blocks are peeled off then that does not tell us anything - except probably anyone cashing out early blocks are going to be scrutinized and perhaps they are going to attempt to obfuscate their spends..... with a lot of eyes on the spending of the earlier blocks that are suspected to be satoshi but still may well not be satoshi.

You seem to be implying that there is a chance that either Satoshi is still alive or even maybe you are suggesting that Todd could be Satoshi.

I think that part of the reason that so many folks did not consider Todd to be a Satoshi candidate (prior to this HBO release) is that he was so young when the Bitcoin paper was actually authored, and likely there are additional reasons for Todd not being Satoshi.


I might have to purposefully plan to do some kind of a spot check.  I am pretty sure that I have seen some pretty good auroras in years gone by, yet I never thought too much about them - including that back in the day, many of us likely did not carry around a camera like we do these days, including that we are likely more prone to take pictures with cell phone cameras based on the convenience and the photos tend to come out pretty good with our cell phones, yet many times not as good as a dedicated camera.

Explanation
Chartbuddy thanks talkimg.com