Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3327. (Read 26715635 times)

The fact that there will only ever be 21 million makes this pretty much a forgone conclusion that over time BTC is and will be a store of value

Explanation

Almost every little 'bobblehead' on youtube/twitter/tradingview keeps blabbering about 10K-14K bottom.
To me it says that it won't be THAT.
My preference (and it looks like the WO on average) is that the bottom was "already", but the whole cycle is messed up so much that it is difficult to be certain.

One thing is for sure: I believe in btc as a medium of exchange much more than the 'store of value' story at this point. It could change, though.

Welcome to the inmates of the Wall Observer.        

Explanation

Maxwell didn't kill herself

.......does this prison have ferrets by any chance?


...askin' for a fren

....yup


I wonder what happens next

Piss weak sentence

OT: Go to ANY major news site right now, and here is what you won't see as the major story on the front page of any of them:


Ghislaine Maxwell sentenced to 20 years in prison

On Tuesday, British socialite Ghislaine Maxwell was sentenced to 20 years in prison during a hearing in Brooklyn, New York. Prosecutors were initially seeking a sentence of at least 30 years for Maxwell, who was convicted on December 29, 2021, on five criminal counts, including sex trafficking, for recruiting and grooming four girls for Jeffrey Epstein to abuse, Reuters reports.

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memories....

https://www.youtube.com/watch?v=UP1YsMlrfF0
"Roger Ver on MTGOX Bitcoin exchange"

Explanation

the blockchains fresh out of bitcoins today. it restocks every thursday, come back then.

freaking supply chain issues, go figure.

Came here to post this, even Mark Lamb has come out to confirm it is indeed Roger. Wonder how his brainwashed minions will spin this new development

https://twitter.com/MarkDavidLamb/status/1541831697787928576

Funny you should say that.  I’ve been trying to write an essay tentatively entitled, “The Minimal Maximalist Manifesto”.  Stalled partly for further evaluation of the term “minimal maximalist”:  It is either deep and clever, or superficially self-contradictory.  Could it work somehow with a brilliant metaphor for game-theoretic “minimax” (it’s more maximin), or is that just inside-out ridiculous like scientifically uneducated, mostly drug-addled New Agers who see “quantum” and “relativity” everywhere they look?  I am not yet sure which.


Similarly here.  From my own perspective, the part relevant to WO is that altcoiners tend to be surprised at how firmly I defend Bitcoin.  Politely and diplomatically, if appropriate—vehemently, if needed.  I think this will be an uncontroversial statement:  I can act with extraordinary vehemence.

It is a well-reasoned position, not groupthink or “my team”.  (And as of now, sadly, it is not from financial self-interest.)  Bitcoin wins for decentralization and censorship-resistance on a grand scale—despite some significant flaws, Bitcoin is freedom—and moreover, Bitcoin is the metaphorical keystone of the “crypto” archway.  (Credit for that metaphor:  Me, first published here and now.)

I think that some altcoiners develop what I call “Bitcoin Envy”.  Freud was wrong about penis envy, but Bitcoin Envy is real—and it’s a real problem.  Do any of the altcoiners who dream of flipping Bitcoin pause to wonder what would really happen to their projects, if Bitcoin were to fail?  Insofar as I can see, the only realistic way for an independent alt to dethrone Bitcoin is if Bitcoin fails—and in that case, I think there is a high risk that all “crypto” may collapse.  A not-unlikely outcome is a Pyrrhic victory for the “winning” altcoin:  It can become the new king of a dollhouse-sized cryptocurrency market, where childish nerds play make-believe wealth with their toy-money.  For what purpose is that systemic risk worthwhile?  For a long shot at replacing Bitcoin?

Unfortunately, the altcoins with the most realistic chances to replace Bitcoin without imploding the whole market are faux-decentralized, economically corrupt POS (or semi-POS/soon-POS) projects with massive capital backing from big banks and VCs.  That is a statement logically equivalent to saying that big banks and VCs harbour a thinly-veiled hatred for Bitcoin, and they want either to harness it or to extinguish it.  Not news!

There are very few hypothetical causes for which I could see myself ever turning anti-Bitcoin.  Privacy is one, and it is inextricably entwined with censorship-resistance.  If Bitcoin ever were truly to become Mike Hearn’s wet dream of a surveillance and censorship coin, then regardless of the risks, I would do my best to help replace it.

In this aspect, I think that competition is healthy for Bitcoin.  The existence of some credible “privacy coins” helps to keep anti-privacy forces in check.  So does the more or less recent development of strong-privacy, 100% untraceable zero-knowledge projects on Ethereum and Solana.  The Bitcoiners who reject strong privacy should pause to consider their own self-interest:  The market will ultimately reject anything that does not get strong privacy, sooner or later.  They should also consider the economic detriment of a lack of fungibility, as I have said many times.  In the long term, “coin taint” is an existential threat to Bitcoin—a threat that can only be stopped by strong privacy.  Bitcoiners who reject strong privacy have it all upside-down and backwards:  They are their own worst enemies.

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Thanks for your replies, cAPSLOCK.  I’ll try to back off a bit here on distracting you from your personal priorities—best wishes to you on that.  For my part, I should not be posting in WO right now anyway:  I talk so much about Bitcoin, I’ve got to get me some more of them bitcoins.

Explanation

But what about uie-pooie?  Where's the DCA - cutting the junkood - thread update?

$100 per week in the last year, no?

Why stop now? Don't tell me you stopped or slowed down?  For anyone in BTC accumulation mode, it seems to be a great time to continue with regular BTC buying. .and even to be consistent with the amounts and frequencies from last year.. and as the amounts might have been increasing. if possible...

I know sometimes other things can be going on, too.. in terms of figuring out amounts that are available for BTC buying and frequencies.. and $100 per week now seems to be even be better than $100 per week last year or even $100 per week earlier in this calendar year..

Reminds me of the good ole days of being in BTC accumulation mode.. not easy.. and admittedly even a bit stressful, too, but surely has potential to really have benefits down the road.. (no guarantees, of course).  Everyone's waiting for the dip to $3k?

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