[edited out]
well one of us could be correct. or maybe it just goes sideways in the 66-68 slot for a while.
I am pretty sure that if each of us is largely saying that the BTC price could go up, down, sideways or maybe it won't, then it is likely that both of us are going to end up being correct.
Brief and funny
We are supposed to be mad at each other.
Don't you remember?
btc on exchanges at an all time low
I guess someone wants to buy / is buying cheap...
That is a bit terrifying if you hold your Bitcoin on an exchange... Imagine they refuse to give you your Bitcoin back because they don't have any?
There has been a trend of lower and lower supply of bitcoin being held on exchanges - so what else is new?
We already know that there is a risk in holding bitcoin on exchanges, yet I doubt that the longer term bitcoiners are holding very large portions of their coins on exchanges.
Mine are not exact numbers, but I recall having something like 50% of my BTC on exchanges in 2016-ish, and then in 2017, I reduced that down to 15-18%. Then about between about 2018 and 2020, I reduced to about 10-12%.. somewhere between 2021 and 2022 I got down to 8%, and even now there can be a bit of variance, but usually I will have between 3% to 5% of my bitcoin investment portfolio value on exchanges (or somehow held with third parties)..
I consider these to not be unreasonable risks - including that I have always engaged in some levels of interactions with exchanges, and yeah, sure most of my losses in bitcoin do relate to issues with exchanges and even sim swap matters, so I can also understand that some bitcoiners are not going to want to engage in bitcoin through third parties - yet at the same time, our more major problem seems to be ongoing abilities to communicate with one another directly and to be able to buy, sell and transact peer to peer.
I continue to wish there were more ways to interact with BTC.. so yeah, these matters are taking time.,, If I go to a store and I want to buy something that is one thing, but another thing is if I go to a garage sale and I want to buy a desk or some furniture or maybe I want to buy my neighbor's car.. The state is so vindictive in various kinds of private transactions, including that we used to be able to self-report various kinds of transactions or not even report them, so yeah bitcoin is going to continue to play a role in these matters, and it is not going to necessarily be straight-forward when we might be asked to report transactions that we might consider to not need to be reported... Of course, the powers that be might want to know if I go to my local farmer to buy some chicken, milk, beef and some vegetables... Many people are forcecd into using third party services for accounting conveniences, which truly might not be the better way to transact, even though the farmers might not even know and/or realize about bitcoin as one of their transaction possibilities.
