Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3482. (Read 26713133 times)

Explanation

WTF?

Go to this link and dare him to visit WO

https://twitter.com/coinbureau/status/1532965035844194304?

Explanation

Nearly 66% of bitcoin has not moved in over a year, marking an all-time high.


https://twitter.com/danheld/status/1533181953482039296

interrupt
no four in a row...

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Fuck me, what a laugh!

And what a great ending!


PS
It's probably obvious that McCormack isn't sharpest tool in the shed.  But that tweet def takes the cake.  What an idiot...

This article is hilarious.  I'm only posting the "reasons" because the article is quite long but there is an explanation for each reason if you follow the url:

https://bitcoinmagazine.com/culture/why-you-should-sell-your-bitcoin

WHY YOU SHOULD SELL YOUR BITCOIN
21 + 21 more reasons why you should sell all of your bitcoin now.
ALEKSANDAR SVETSKI

If you are panicking right about now, I implore you, in fact, I urge you to sell all of your bitcoin now. All of it.

No this is not a joke.

This article is not some trading analysis, pick-me-up full of hopium or copium.

This is going to outline a series of straight up facts and reasons why you should dump your bitcoin, especially before it goes any lower. Because believe me, it will.

Nature is healing.

42 Reasons to sell your Bitcoin:

1. If you believe it won’t go lower:

2. If you believe it won’t go higher:

3. If you believe in 14-year-old tea-leave analysts with large Twitter accounts:

4. The government cares about you:

5. "Some other crypto is going to take over”

6. Bitcoin is about “muh gainz:”

7. If you’re A16Z:

8. If you’re Conbase:

9. That blockchain is some kind of “underlying technology:”

10. That it’s Bitcoin and Crypto:

11. That bitcoin is democratic:

12. If you believe NFTs are art:

13. If you think PoS > PoW:

14. If you think Bitcoin wastes energy:

15. If you think ESG is about anything other than more political power and waste:

16. That bitcoin is about “equality:”

17. If you’re ready to own nothing and be happy:

18. If you want to live in the beta verse:

19. If you want to remain plugged into The Matrix:

20. If you want to be the lowest version of yourself:

21. If you believe in The Great Reset:

22. If you believe in the World Economic Forum and the rest of the three-letter agencies:

23. If you think $69,000 was the top:

24. If you think $600 to $300 is any different from $60,000 to $30,000:

25. If you think $42,000 was the bottom:

26. If you’re still watching Real Vision:

27. If you think “Toxic Maximalism” is a problem:

28. If you have posters of Nassim Nicholas Taleb and Paul Krugman on your wall:

29. If you’re an academic:

30. If you’re a progressive or Marxist Bitcoiner (whatever the fuck that means):

31. If you believe the “inflation is transitory:”

32. If you eat Beyond Meat:

33. If you “trust the science:”

34. If you believe any of this is normal:

35. If you think that “this time it’s different:”

36. If you think politics comes before economics:

37. If you think political decree can outcompete physical reality:

38. If you think the map is the territory:

39. If you believe complex systems can be modeled:

40. That transforming the world was going to be easy:

41. If your name is Peter Schiff, Raoul Pal, Elon Musk, Mark Cuban or Lex Fridman:

42. If you think I’m joking:

https://bitcoinmagazine.com/authors/aleksandarsvetski

Explanation

What do you guys think about this 2x Sun thingy??    

https://www.youtube.com/watch?v=7ZPLl_LgmeQ

Oh that's a new one. Thanks!

I already know most of his talking points and examples, but I feel with every interview he gets a bit better at delivering them.

And one hour is a good length to be shared with interested newcomers.


PS
Was not criticizing him at all. All he did was totally justifiably and in my eyes courageous & smart.

Explanation

Super bizarre even.


As an individual he might of missed the best time to invest, but as company, it was probably the earliest possible. MSTR (as well as other companies) invested in Bitcoin as a reserve asset prior to it being worth $1 trillion. For a company, this is still very risky. I'm not surprised there aren't many other companies yet invested. It'll need to get back above $1T to be taken seriously for investment as a reserve asset, probably nearer $2-3T.

If you think companies can just throw their balance sheet at "ideas" when they are worth a few million, or a few billion, then obviously you (@Piesel) don't understand reserve risk. They aren't investing in order to make money, but to preserve wealth. Like many future investors, it won't be in order to speculate for 10-100x gains, but to avoid losing upto 10% a year to inflation. It's quick mafs.

While we are criticizing him, maybe take some time to watch this.  It's really the best interview so far.

https://www.youtube.com/watch?v=B2DDOyqRltg

Explanation

Indeed, you could certainly blame him for talking about BTC without having done sufficient research.  He even addressed that point in his interviews.


However, I suppose most of us have "opinions" about BTC while not fully understanding it... some good some bad.

I'm sure you wouldn't tell me you understand everything there is about BTC... and still, you probably publish your opinion about it.


Bottom line, he paid hefty extra $ for having dismissed BTC, first.


I guess it's true:  


Everyone gets Bitcoin at the price they deserve.

https://twitter.com/saylor/status/1426514009713520641?




And also this:

This is a strange thing to say, I think.

Yes.  If what you are comparing is the ability to have realized gains from under 1 cent to 30kUSD to the ability to go from 30k to 3 million. Then, Yes.  He missed the best time to invest.  But it was also the riskiest time.  It is easier for big money folks to invest here than just about anywhere south of here...

But make a list of things, that if they continue to exist, have a significant possibility to be a 100x investment from here?

Otherwise, the party is still just getting started.

Explanation