Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2702. (Read 26713238 times)

How much are you willing to bet on that ?

Explanation

I think Twitter is better platform to ask this rather than WO thread on Bitcointalk filled with whales like you


Not sure why you ignored all the signs and even my shit TA but in the end, it was correct and the stupid logics of mine and ideas literally worked.
Nothing surprising though, it was more like 4 year cycle being played out.


No idea mate, I am enjoying my HODLing session and working real hard IRL on my professional job.
I wish to retire by 2025 though, long way ahead. BTC

The gays have taken over Bitcoin TA while we were too busy shitposting. Bob, did you do this?

Gaycentralised.

I do however believe this is the best TA.

For sure, I am not opposed to this kind of a question, and many of us likely recognize and appreciate that those who are bitcoin believers with fewer coins and less time in bitcoin are quite likely going to be more excited about the dip and/or being able to buy BTC on the way down.. whether that might be rightfully categorized as blessed or not.

I surely do not intend to be overly-simplifying the matter because there could be bitcoin believers who either developed systems of selling BTC on the way up or who otherwise ended up selling on the way up who either still have cash from those sales because they did not buy back too soon or that they just got lucky to still have cash (maybe referred to as "blessed"?) because they somehow were not able to buy on the way down to these current BTC price levels.

Another category of person able to either buy BTC or to keep funds in BTC are those who have ongoing cashflow that exceeds their expenses - whether that cashflow is from cash or BTC regularly coming in.

I think that I was like a decent quantity of BTC believers who considered that in November 2021 we were still on the way up and that any downward correction had greater than 50/50 odds of going up as compared to going down.. so every time that the BTC price crossed below lower and lower price points without recovering upwards caused more and more worries - so I considered the likelihood of going beliw $28k and/or staying below $28k to be lower than 50/50...

However, crossing down below $35k in May 2022 caused me to worry.. and I likely had to reallocate "buying on the way down" money several times - including that several times I was put into a position to consider to add more money (that had not been previously assigned to BTC) to buy on dips, and likely most, if not all of the money that I have been using since buying at $17k-ish would be considered "new money" rather than "already in the system" money.    I feel that it sucks, rather than feeling "blessed," even though I do still have money coming in that I am able to use, and I even have some money sources that have either dried up or have gone to very low amounts just like the pressures that other normies are feeling with either expenses going up or just that other people around me are tightening (or running into cashflow issues, or even having had fucked up their finances) which causes less money to come in my direction.   I don't really feel blessed about this, even though surely it could be worse in terms of more of my incoming money potentially drying up or even additional expenses as a lot of us seem to be having to face. I don't want the whole world to blow up, even if I feel that aspects of my moat and my cushion had been greater than a lot of my peers, but I am suffering too.. and not really feeling as blessed as I had been feeling prior to May 2022.  Prior to May 2022.. I likely felt blessed, even during some of our then negative BTC prices... which are not even seeming negative, relative to our current state of affairs in BTClandia.


Fair enough.  I doubt that it is even necessary to have 100% up in order to feel better.. so even if it were to take 3 years to slowly get back to $33k, it probably will not feel so bad, as long as we do not have further down, but so many of the current prognostics are expecting further down..  so shouldn't we attempt to prepare for either BTC price direction?

In other words, with your self-described "simple math" how long is it going to take for our lil precious to get back to $33k?

Except POS has nothing to do with climbing the same mountain.

It is at best simply a centralized unsecured unregulated bond based on code.

POW is a power conversion based system that uses energy, code and hard gear. It is also decentralized.

POS does not belong in the crypto space.  Only decentralized  Pow coins qualify.  Not an opinion just factual.

So under 100 coins qualify as crypto.

POS should be under codo coins.

But I have lived long enough to know that is not going to happen.

@ JJG don't bother complaining that btc is not crypto.

It is under the catch all of crypto.

the true issue is POS vs POW

I am a POW maximalist.

I rule out all POS

I like a few POW coins. much like our great buddy ELON MUSK I hedge between BTC+DOGE

Banking uses more energy than bitcoin mining.



https://cointelegraph.com/news/banking-uses-56-times-more-energy-than-bitcoin-valuechain-report

Explanation

Those wolfs are just Enigmatic 😁




Well set out on a great adventure beyond your wildest imagination!

---

It is like this , The best are begging to join us while the scum is against us

The article just telling one side of story:
With more than $2 trillion in cryptocurrency value wiped out since the 2021 high-water mark https://www.cnbc.com/2022/11/25/cryptocurrency-hasnt-been-a-smart-investment-for-a-while.html

It completely missed out the other part aka how the market cap of crypto reaches 2 trillion and how much profit it gave to investors?


I read somewhere very early that PoW and PoS are two ways of climbing the same mountain. May be someone agree too or correct me.

Why are you taking too much risk?
...You might be infected with a parasite...lol

https://www.france24.com/en/live-news/20221125-wolves-emboldened-by-parasite-more-likely-to-lead-pack-study

Relax...true for wolves, unknown for people, but, apparently, 30-50% of people are infected by it.

I took a cursory glance at it but apparently whoever runs the instance can spy on everyone so not seeing a solution there.

Oops. Totally missed the part after the annoying ad.

Explanation

Yeah.  There is no way a centralized control can produce a truly free result.  Mastodon is maybe the answer. 

I do think Musk is doing more good than bad, but there is bad too...

Environmentally, even if the transition from proof-of-work to proof-of-stake that ethereum is spearheading reduces the massive energy consumption underpinning crypto mining and validation, bitcoin — which represents about 40% of current cryptocurrency market cap — will continue to use a validation process where a single transaction requires enough energy to power the average American home for two months. 

If lying about Pow vs Pos was properly punished the Piece Of Shit that wrote this would suffer the torment of Prometheus 3 fold in that their liver and their testicles (or ovaries) would be devoured and regrown every day for all eternity.

https://en.wikipedia.org/wiki/Prometheus   the story is on wiki

I think people do not understand that Crypto and Bitcoin is one and the same Protocol. But shut their eyes to the truth and promote Lies instead

The referenced article do says few negative things about bitcoin :
"Between 2010 and 2022, bitcoin recorded 29 episodes of drawdowns of 25% or more. By comparison, equities and commodities recorded just one each. Even in the pandemic-related market sell-off of March 2020, bitcoin suffered significantly deeper drawdowns than conventional asset classes such as equities or bonds.
Environmentally, even if the transition from proof-of-work to proof-of-stake that ethereum is spearheading reduces the massive energy consumption underpinning crypto mining and validation, bitcoin — which represents about 40% of current cryptocurrency market cap — will continue to use a validation process where a single transaction requires enough energy to power the average American home for two months. "

IMO these are just what people are saying about bitcoin since its inception. They saying how many times bitcoin fell not how many times it went up.

Explanation

Not one barely any mention of Bitcoin in that article.

Unfortunately many people still confuse Bitcoin and "crypto".