Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3373. (Read 26714829 times)

https://cryptopotato.com/spanish-airline-giant-vueling-embraces-crypto-as-a-payment-method/
Spanish Airline Giant Vueling Embraces Crypto as a Payment Method

Bitcoin will be the favourable crypto payment method.

Hahaha, I was waiting to see how long till someone would notice that.

I'll change it back don't worry.

Also price above 19.5 we need it back above 20k still. But it's a start.

When gold prices (in dollars) soared from 70s stagflation, then crashed, was it smart to sell the top?  OK, how do you know what the top is?

In gold’s extreme, extended bear market, after it started crashing, was it smart to sell at $800?  $700?  $600?  Selling for $600 and later re-buying for $300, you could have doubled your gold holding.

...$500?  $300?  $260?  Whoops!  Selling for ~$260 (IIRC^*) would have been mindrusting gold.

Holding gold is always safe, if your biggest concern is not to be stuck with less gold than you have already accumulated.

Holding BTC is always safe, if your biggest concern is not to be stuck with less BTC than you have right now.

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^*  Numbers here are tossed off the top of my head to make a point.  If someone corrects any errors as Jay corrected my recollection of when Slaying the Bearwhale occurred, then... eh.  Here, at least, it will not change my point.

Explanation

To balance that out, I have set new personal text.  The space is too short to add appropriate qualifications, so it is not a promise or binding commitment; but it is essentially my attitude.  NOT SELLING for fiat.  Not to hold fiat.

My apologies.  The reading comprehension failure is mine here.

All I can say is that the Ukrainian, EU, US, and Russian people have been fucked over in a major way for the ideologies of their leaders. This whole thing could of easily been avoided but they wanted a war. They have their war now so they're happy, but not happy enough apparently, they want more people to suffer. People who just want to live their lives and get no benefit from the war what so ever. Anyway no one here likes needless war so I don't want to get diverted from the topic of BTC further.

dont think ive misunderstood - i assume somac was critiscising Stoltenberg?

Reading comprehension failure, milkshock.  (Not commenting on this discussion otherwise.)

We were already in a channel more or less under 200 WMA, between about that and ~10% below.  IMO, it had been doing that for long enough to be teetering on borderline breakage.  I had been hoping for a scenario like August–September 2015—scraping along just below/just above for a month, then recovering.  At this point, since we crashed even below the previous cycle top (even in nominal dollars, never mind real value!), I think that 200 WMA is quite dead.  Not “Bitcoin is dead”:  Excessive reliance on a technical indicator is dead.

Gold had a two-decade extreme bear market.  Anyone who bought gold at the wrong time had to wait an awful lot longer than four years to be not underwater.  I also think that was a politically motivated economic attack, though I don’t want to get into off-topic discussion here that will derail into other matters.  (I have mentioned this in some prior post, a few weeks ago...  Something about gold-producing countries under international sanctions.)

Only fools declared gold dead.  Smart people bought gold as low as ~$260, not so very long ago.

If we can escape from erroneous thinking about Bitcoin as “like a stock”, and really start treating it as digital gold, then there is ample precedent for shrugging off much worse crashes and bear markets than I now anticipate.  As bad as this one is.  Even if we are still nowhere near the bottom—maybe; maybe not; I am realistically pessimistic, but not prepared to make a call either way.

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FTFY.  As an inveterate pedant, I could not resist.

Exactly who are we are sacrificing for?   A country that exists only due to an administrative error, and is now held to ransom by a gang of Nazis

Fuck you Stoltenberg - spend you own money on them

It's always worth sacrificing others, never themselves though or their families. What a shit head, I swear people dying and losing everrything turns these evil pricks on.

Spot on, which is what BTC is all about and while I'll always own some (gold too) it's insurance. Just happens that sometimes this insurance makes you a lot of money.


Very true, and If people treated it as savings rather than a get rich quick scheme we wouldn't be in this mess.

Once the liquidations cease and all the rotten flesh is cut out of the system the healing will start...

Bitcoin is a better option than a savings account

"We must prepare for the fact that it could take years. We must not let up in supporting Ukraine," the Nato chief said in an interview with German newspaper Bild.
"Even if the costs are high, not only for military support, also because of rising energy and food prices."

I don’t think costs of wrecking all relevant markets are worth propping
 up a Nazi regime

That.  Moreover, some of us actually want money with freedom.

(Besides, anyone who holds stocks hedged with anything tied to “safe” U.S. Treasuries is in for a surprise whenever the petrodollar system finally implodes.  Next decade?  Next year?  Tomorrow?  Nobody knows, but the house of cards has only been built ever-higher for almost a half-century.  Whenever that hits, whether it hits you or your children, it will make that “diverse portfolio” look like diversifying your BTC to be balanced with some SHIB, some ICOs, some Bored Ape NFTs, etc.)

+1 to that. But to be fair it is a weekend. Which is why they dumped in the first place.

The amount of time we are taking on these levels which are below 200 MA is what scares the shit out of me.

Explanation

Bitcoin by its nature tends towards fixing the same problems that incited Occupy Wall Street.

It can do that, and grow as sound money, if it is not being fouled up with “WEN LAMBO” nonsense.

Perhaps that graphic is unintentionally appropriate.