I have been half ass thinking about the future, please correct me if I’m wrong here but this is the first time since bitcoin’s inception that the halving is happening in global economic hardship(not recession but maybe depending on how you define it). After the last recession in ‘07 we had a large increase over time, a period of “bullish” trends in financial markets. I’m wondering if this happens again could this mean much higher tops over the next few cycles. Ultimately 1btc = 1btc but I wonder will the fiat off ramp amount be alot more than we are thinking about. I see thread posters speculating 6 digit prices but I wonder could we be on the road to 7 digit figures(wildest dreams) in the next couple of halvings buoyed by new bullish trends in financial markets as the global recovery starts its run.
In '08 there was a pretty stupendous crash of all of the USA connected financial markets, and so far we have not gotten such a crash.. and so people seem to be expecting an actual crash of various US related markets - and sure every crash is not necessarily going to play out in the exact same ways, and a crash would probably be healthy overall.. but then there still is a question how bitcoin will react with that in terms of whether there will be a short-or-medium period that bitcoin might crash along with the various markets and at the same time whether any bitcoin recovery might end up being stronger than the various other markets, which surely seems a great possibility for any who is understanding that bitcoin is already not exactly correlated with various equities markets, so there seem to be inevitable periods in which that decoupling is shown prior to it going to back to coupling again.. and still to be seen the extent to which "this time might be different."
Surely, I have frequently asserted that there is no need for me to get rich as fuck in bitcoin in order to be happy or even to be able to see that I am already benefitting greatly by being in bitcoin, even if it goes flat from here.. but at the same time, the odds of flat from here or even down from here don't seem too high and so bitcoin does continue to seem to be such a great place to have some value.. without necessarily overdoing it to such a level that is not really needed, and likely so many normies would advantage themselves from being in bitcoin and just getting off of zero.. .. which is where so many people are and if they are more aggressive in the 1% to 5% allocation levels, which many of us would still consider to be quite modest (and even whimpy) allocations then it still seems quite difficult to even source whimpy levels of BTC supply without some crazy-ass uppity moves in the BTC price.
i was promised up
You better go tell ExpHorizon's grandma that you do not appreciate her being too nice to you, because it seems to be giving you false hopes.
#justsayingI have not been able to find any actual verifiable source for what the actual amounts and assets are, nothing but a circle jerk of unverified reports quoting each other.
Is the ftx news real I did a bit of research and got into a circle jerk of sources quoting each other, specifically on the holdings. I’m cautious on this tbh.
Can you please stop speaking like me before I speak it’s mildly annoying.
Joking aside didn’t see your comment but glad someone else looked into it at least:-)
Well, about 15 hours ago, fillippone specifically gave some kind of a source to specify more than vagueness in regards to what is being said.. is that part of the circle-jerk of sources? Maybe it is not going to happen, but if the sources are bad or there are similar sources that are bad, wouldn't it be better to point those out.. even some guys in here
(not likely to be this here cat because I hardly give too many shits, except maybe on the margins**) are going to be able to look into the matter further.
**It seems that several things that i have read suggested that these sales if they take place would likely be more of an impact on shitcoins rather than bitcoin, and yeah maybe we have to see if the first set of liquidations take place in order to see if there are affects on the markets and if there are follow throughs for 17 weeks, that would be interesting to see actually playing out, if we are able to see in the prices of coins getting liquidated and even though a decent amount seems to be related to illiquid shitcoins .. and according to the chart that fillippone linked a potentially currently unknown quantity of unknown coins too that is in the "mixed" category.. so "mixed" could end up being a pretty BIG deal for some coins since we don't know what they are, and some of that "mixed" category might end up being higher quantities of bitcoin than had been previously speculated.It looks like FTX will be selling $200,000,000 worth of crypto every week for the next 17 weeks… This will start next week. This downward pressure on the market will likely hold prices somewhat in check until the end of the year. I’d imagine once this is behind us (and the mtgox coins are distributed) it should be the final hurdle before launch.
This is the situation:
SourceNothing too worrying for BTC.
Not so sure speaking of shitcoins
