~snip~
I am pretty sure that the Eth boys are still not very transparent in regards to how many coins there are exactly, including but not limited to that early 2014 premine. The supply question has never really been very verifiable as far as I have understood.. but the Eth folks seem to consider that to not really be much of a problem.
Wasn't there some verify the block questions that even came 6-12 months earlier than their other stupid ass 2022 movement into POS, which should have gotten people understanding that ethereum was constantly changing itself without much for parameters or even straight-forwardness in regarding whatever new thing it had decided to become..
I think that Vitalik&Co have no worries about such things because they realized a long time ago that they can do whatever they want without losing support. In addition, what beginners object to the most when it comes to BTC is the max supply, because they think that 21 million coins are too few, and that if there were more coins, they could buy them at a lower price.
In other words, the ETH team is proud that it has its own leader, that ETH is much cheaper than BTC and that there is no max supply - and for many it is therefore much easier to become the owner of 1 ETH than 1 BTC - because in the end it all comes down to numbers, right?
Yeah sure there are a lot of dummies out there, including making their financial decisions based on unit bias type considerations, yet it seems that the sounder money is going to prevail in the long run, even though there are a lot of gambling abilities with ETH - and also the overall reality that it is know to facilitate the ease upon which a lot of other shitcoins would be built on top of it.
~dunno why peeps get hung up on a number. like when buying i dont look to buy a set amount of btc, i buy as much as i can, whatever the numbers are.
I think it's just a psychological factor. As only the price of bitcoin when it touches $70,000, many are waiting there to sell it. But it didn't even have time to go to $70,000 when it went down. Or when it has touched that number, many sell so the price never crosses it.
So what? They are retarded, and their little plan works until it doesn't and then they are stuck with the common problem of selling too many BTC too soon, when they probably already knew that they did not have enough BTC, which is part of the rationale that anyone should ONLY start to sell BTC when they know that they either have enough or more than enough. They should not be selling BTC with expectations of buying back cheaper, since even though you are claiming the BTC price is going back down due to sellers, one day their luck is going to run out and they may well have not have gotten themselves enough BTC to be prepared for UP.. ..
You can look at a lot of examples, even in the last year and a half at various points from $1,5479 until now.. there were various points that folks were selling on the way up, but they sold too many BTC too soon.. at $20k, at $25k, at $30k etc etc etc.. I don't need to list all the prices that folks sold too many coins too soon out of an expectation that the BTC price is going to drop.. and do you even think that there are good odds of going back down to those numbers?
Currently, we are even having troubles getting below $60k and/or staying there for very long.. so good luck with waiting for even lower numbers as was the case with those guys selling coins at those various lower price points.
Unpopular opinion: Bitcoin is the most appreciated crypto, because simplicity silences anything noisy over the long term.
Maybe. Or Bitcoin is the most appreciated crypto because it came first and it actually works.
Additionally, almost every single one of the other coins are affinity scams, and since bitcoin is already superior in terms of the actually working idea.. any coin that would want to displace bitcoin would need to be at least 10x better than bitcoin.. if they merely were better in marginal ways, that would not be enough to undermine bitcoin's various network effects (referred to by Trace Mayer) that continue to grow with the passage of time..
Another angle is that bitcoin is replacing gold and the dollar and other various fiats and value storage asset systems because bitcoin is at least 10x better than the other various systems that it is replacing.... around 1,000x better than gold for example.. .. and yeah it is is a bit amorphous to figure out how much better bitcoin is than the dollar or than property systems that are being used as storage of value.
When did we stop using Bitstamp around here?
If I'm going to use a multi-exchange averaging site, I'll use Bitcoinaverage.
Meanwhile we did pass $70k for real at Stamp.
There is no reason to stop using Bitstamp.. especially when making a general BTC price reference and including what is the new local high or low or whatever..
Of course, if there were to be some reason to point out some kind of an arbitrage that exists, then nothing wrong with bringing up some other exchanges for that reason.. but not for just for price references..
since we already know folks get all excited to be citing various prices that exist at various exchanges and blah blah blah distractions when there is no reason to talk about those higher or lower numbers unless either related to Stamp or maybe if there might be something wrong with Stamp's price.. which surely could happen.. but has not really been an issue in the last 7+ to 8+ years, and there had been some debate about using bitfinex and coinbase.. especially in 2016.. but gosh I hope we would not be wanting to use either of those references.. and good to also have Buddy showing the same thing too.. which happens to be Bitstamp.. . and if it is not broke, why fix it without some justification for doing so?
jimbo.
https://aggr.trade/300a. they have a sound track so I gotta use them
and we are over 70k on multiple sites as I type.
fuck aggr.trade/300a. and their soundtrack too.
