Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3590. (Read 26608320 times)

Just a stock photo I'm afraid. My own 40 crossing was more than a few moons ago.

Explanation

Yes.. what you say is problematic... and you can believe or say whatever you like.

Part of the greatness of having this thread is that we can bat around ideas, and we do not have to agree with each other in terms of substance or in terms of how to present matters, and I don't have any problems with you continuing to say and to frame matters however you like - but it is not going to stop me from responding or proclaiming your ways to be problematic, as I just did... whether you get it or not is either within you, or maybe you don't want to get it.... or you might be unable of getting it, and that's fine too.  

Another great thing about bitcoin, is that we do not even have to agree what it is or how it is used or how it should be used... even though some members do seem to see bitcoin in similar ways, and others seem to evolve with time, and there are areas in which several members continue to disagree with each other and from time to time, such disagreements result in name calling.. you fuck (Admittedly, from time to time, I might need to get a bit more variety in my word choices).

 

Nope. That's absolutely not what I meant.

Again:
For me anyone with BTC is a Bitcoiner. I made that clear enough.

So in that view Musk has to be one as well, because he holds BTC, even more than most WOers.

But if you still don't get what I say. Have your way. No problem

Even if I don't really disagree with your overall point, you seem to be engaging in a certain level of irrelevant quibbling.. in other words, you seem to be making a distinction without a difference (or that is not really necessary to get into those kinds of seemingly unimportant distinctions).. even if I agree with the overall point that bitcoin should tend to grow upon most of us and moreso with the passage of time getting involved in bitcoin does seem to cause those bitcoiners to have more likelihoods of more better understanding bitcoin with the passage of time (not inevitable, but quite likely)...even though there are a lot of things in this world that we do not really understand very well, but we accept them on a level in which we recognize that they are a kind of standard in society.



Fair examples.



Is that you richie?  you fuck.  #nohomo



I know I understand that you are celebrating $40k with the WO, but you just left a great opening for anyone, such as yours truly who loves to get digs in, once in a while.. hahahahahaha

Both suchmoon and i have addressed this question, and over the years, there has been quite a bit of discussion of the topic of what is a bitcoiner, and we seem to have quite a few regular participants in the WO who seem to be way more "bitcoiners" than what Elon Musk seems to be - furthermore, you Gachapin, proclaimed that you thought that Elon might well be more of a bitcoiner than most of the members participating in the WO because he owns more bitcoin than them, and that is a really dumb-ass way of thinking about what constitutes a bitcoiner, especially when you are referring to one of the richest persons in the world happening to own more bitcoin than most of the folks here..and gosh, he might even own less than .0001% of his wealth in bitcoin and still own more than 99% of the regular members here.. Do you even know how to calculate the meaning of having something like 273 Billion dollars in wealth compared to maybe some members here possibly being Millionaires but not as likely to even have more than several million in wealth?


Of course, you likely realize that any of us attempting to study the bitcoin space (and the available information) have to sort the wheat from the chaff.  There are times when the level of bullshit is more convincing than other times, and at the same time, many of us who have been paying attention in this space have seen that there have been times of seeming bitcoin DOWNity inevitability that ended up going UP instead of down, and seriously fucking those who were either betting on down or failing/refusing to prepare for UP.

Such dynamics have happened many times in bitcoin's relatively short history, and I have a decent amount of time that such dynamics are going to continue to happen for many years to come.. especially since adoption levels in bitcoin continue to be so low, so many people continue to believe that they missed their opportunity to profit from bitcoin and bitcoin continues to have so much potentiality (and seeming likelihood) to continue to have face-melting UPpity moves - even if relatively speaking such moves are going to be percentage-wise smaller than they had been in the past... merely because bitcoin continues to grow in its overall market cap. and there are some limits in the amount of growth that is possible even if it is quite likely that bitcoin is going to continue to open up areas of wealth that had not been previously possible because it has already shown itself to be a paradigm-shifting technology/invention.

I also can't make up my mind about Elon. I used to be a big fan, and, in a way, I still (want to) like him. Part of him at least. The idealist in him, with his rockets trying to conquer space, and his Teslas innovating how we drive. Out of the many talented engineers I've met in my professional life, I'd say that, to truly excel in engineering and science, moderate levels of ASD, OCD, and a good deal of perfectionism can be beneficial. You have to really care about the little details. I don't know where Elon stands in all this, but part of me wants to like him. His behavior and actions last year, with the tweet-farts, the DOGE stuff, and the removal of Bitcoin from his Tesla shop were all disappointing events, and certainly not "true Bitcoiner" material in my book.

Edit: text enrichment, clarifications.

Explanation

Yes, you're a driver, but not a car lover. I guess that's what I meant with my "true Bitconer" term. You can call it "Bitcoin maximalism" if you wish, but still I cannot call my greedy friends mentioned in my previous post "true Bitcoiners". It just doesn't seem right to me.

I see your points though, and we agree on substance. The differences are in semantics really.

I am not sure what Elon's actual position on Bitcoin is.

There is the Doge red flag.  And at the same time I cannot imagine he has been without some tutelage.  Someone must have helped him understand the reason putting everything on the base layer is not a real possibility without centralization.  you know... the thing that Hal Finney got in 2010.

So taking this down Binary paths:

He has not realized that basic fact for L1  - then he is either a moron (unlikely) or arrogantly unteachable (quite possible).

He HAS realized that but either does not care, or wants the centralization which makes him evil.

He HAS realized it but is being very careful about what he promotes after having wrecked a bunch of his acolytes.

Between Jack, and Saylor it's hard to imagine they have not talked about it with him, and explained why scaling in layers is the optimal solution.  And also why Doge is probably doomed even worse than Bitcoin when it comes to bloat.  I also think there is a sincere chance he actually believes the "inflation is needed for velocity.  And he does not know that Bitcoin has solved this by reducing technical friction so much that we will see spending simply because of that.

So we will get to see which one of those categories he is in.  To be honest I would not place a bet for any of it yet.  And I pride myself in being a good people reader, and troubleshooter.  It is very hard to tell with him.  I do get the sense he isa bit of a narcissist.  And is also on the spectrum somewhat.  But he also seems to be an idealist.  It will be instructive to see what he does with twitter, and as we move forward with crypto.

I say "crypto" because I would be surprised if he did not do more things to support Doge, sadly.  Even if he has seen the light with BTC, I would expect a high possibility that he would try to make something good out of the giant mess he's made with Doge.  It would be better if he just stopped playing, but I think this is unlikely.

good point

Personally, I think you conflate the terms "Bitcoiner" and "Bitcoin Maximalist". I believe that once you start collecting BTC you are a Bitcoiner, but with some level of intelligence and a modicum of basic research, , that should lead most to the the Maximalist conclusion..

If you drive a car you're a driver... but not until you start buying your own tools, doing your own tune ups, and craving more muscle/speed do you become a car enthusiast.

Just my opinion, to each his own.

Hi guys,

This article seems to me that it is a way to do that people who read it and are not very clear about their conviction will make them sell for panic:





Source: https://dailyhodl.com/2022/04/25/top-trader-issues-warning-to-bitcoin-bulls-says-another-leg-down-for-btc-approaching/

Although it is a very possible scenario to pass, we must bear in mind that this can be a news that causes some FUD, although we can convert it into an advantage at the time the others sell to take advantage and buy.

---

How do I like to see all the views in Cointelegraph have another approach:




And something that left me confused is that according to this analyst he says he is in a phase of accumulation


From all this I keep what Whalemap says, which is not over yet, it can be a correction that is not over:



Source: https://cointelegraph.com/news/bitcoin-hits-40k-investors-pump-dogecoin-doge-after-musk-confirms-twitter-purchase

I keep the teaching that both analyzes coincide at certain points, but that a distribution phase does not see it considerable.

I have the same experience with people I meet.


However, I must say I was a very slow learner myself, when it comes to Bitcoin.

Owned it the first 2-3 years without knowing much of it, other than that it's a digital form of money.  
(In my defense there was less info around compared to nowadays.)

I even thought it's maybe rather a ponzi than something serious. (I'm no guy who could have checked the code)


So I tend to be very generous with younger holders, because I know for some of us it can take quite a long time to get it. Especially if you are a busy person.


I'm happy every time I meet people who used their own money to get some BTC.  So I don't check for their character, knowledge or intentions, but just crown them with the term bitcoiner.

That being said within my bitcoiner heart I absolutely agree with your definition.
I probably just don't like being too harsh on newcomers, because I'm happy that they came. Even if it's annoying Mr Musk...

Explanation

$40000!

What I think the fellow WOers are trying to say is that to be a "true Bitcoiner" is not to merely own loads of it, but to also (and most importantly) demonstrate an understanding of its core principles and the problem it solves, and to use everything in your power to support and promote Bitcoin every chance you get. Owning 50k BTC and at the same time promoting DOGE and removing Bitcoin payments from Tesla's shop because of environmental concerns, shows that 1. you don't get how Bitcoin works and where it draws its value, 2. you believe the misinformation that Greta and her team of EU "experts" are trying to feed to the ignorant public about Bitcoin's power consumption, or 3. you have some hidden agenda/goal and you use your power to achieve said goal, which may not necessarily be in the best interests of Bitcoin. That's excluding the ASD/narcissism aspect.

I have some friends whom I've introduced to Bitcoin, and some of them have ended up owning varying amounts of BTC. From our discussions, I'm often disappointed to see that they haven't got a freaking clue about what Bitcoin really is and how it benefits mankind. They're just in it for the quick profits. I don't think I would call them "true Bitcoiners"...

tl;dr: Simply owning BTC doesn't make you a "true Bitcoiner", just like owning a Picasso doesn't make you a "true art lover".

More and more companies will acquire BTC sooner or later anyways. But with Musk as the new owner the chance of "sooner" for Twitter has increased, I think.

At least he made Tesla buy quite a bunch of BTC quite early.  ...I guess Alpha-Saylor convinced him. So he seems to know how to learn from people who are more intelligent than him.

Big companies buying up supply is not really a bad thing in my eyes.



And the chance of Twitter implementing Bitcoin or a shitcoin into their network has probably increased as well.

That could widen the user base of the BTC network / lightning quite dramatically. Even if they only implement a shitcoin, it will bring many more newbies to the shitcoin and also bitcoin market.