Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 390. (Read 26713769 times)

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Wached this vid yesterday (from Pompliano as host, but largely about bitcoin).
The guest was Jeff Park,who is at Bitwise.
He presented some interesting ideas:

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

TL;DR Thinks that bitcoin is unique, so mostly focuses on it.
Thinks that gamma squeeze (if done with ETF options) that presented itself in GME and AMC could be repeated (and even amplified) in bitcoin.
Makes an interesting point that bitcoin derivatives market is VERY small right now, but would increse probably at least 100X once bitcoin ETF options are trading.
Have an interesting idea that bitcoin has a "floor", but no "ceiling".
Bitwise proposes btc at 250K in 2028 (following the exact same appreciation rate as I was talking about before-44%), but Jeff thinks that options might bring it forward in time.

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Personally, I agree with you because you bring up very important points. Not many people can do that kind of long-term thinking about Bitcoin. They think they bought some bitcoins in a short period of time and sold them at a higher price and walked away with a profit. Such people hoping to invest in btc could never return with profit. BTC is a coin that needs to be invested for a long time in order to get anything from it. If you can stick with him for a long period of time then you can definitely return with profit from here.

Looking at the current scenario, I think we have won and we seem to be going through good times at the moment but in the short term volatility some people are worried about folding, I think this is nothing. It is not for short-term volatility. Have to think long term. I think this volatility will not be there and will be fixed soon. Do you think the long-term thinkers who did it got volatile this time around, or do you think those who held for a short time got volatile?

Sounds like the FTX money won’t be going out to users until mid-December if my news is accurate. That may delay the next leg up for another 2 months and have people in a panic about the lack of Uptober. Nothing has changed though. The rocket is still destined for a Moon landing in the second half of 2025. This is just an opportunity to get yourself a better seat or convince some friends and family to tag along.

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I get a wee bit irritated when I see that emotion-based description of HODL, since it makes bitcoin seem as if it were a shitcoin..

Sure, bitcoin is volatile, yet if you have a long term investment approach to bitcoin, if you keep buying BTC for 4 years or longer, then you should be in profits for any thereafter HODL.. sure another possibility would be to front load your BTC investment, yet if the BTC price drops after you front load your investment, then you should probably consider buying more or just holding through the down period..

Now, if you are getting into bitcoin and then wanting to get out at profits (short-term dollar profits that is), then you are a trader without really an investing and/or HODLing approach to bitcoin... so perhaps by the time such investing folks get into 1.5 cycles or 2 cycles or more of being "in" bitcoin, such investor folks might be able to start to sell some BTC from time to time based on having had already reached or exceeded BTC accumulation targets, and such selling could be price-based, time based or needs based, without any real emphasis on selling a lot of the BTC stash - which I have frequently characterized as sustainable withdrawal, which seem to be would continue, mostly with an ongoing HODLing approach to our BTC holdings

Accordingly, HODLing should not be an emotional state of affairs - even though surely many of us likely witness even longer term BTC holders who seem to be a bit anxious about their BTC holdings.. like they want to rush the BTC price to get to where it is going faster than it might be willing to go, even though at the same time we have come a long way baby, already.  Are we there yet?  Are we there yet?  Personally, I sense that we are there, even though at the same time, we continue to go.

Rather than proclaiming we are going to win, it seems to me that we are already winning and likely going to continue to win, so where's the problem (issue) in regards to short-term volatility or fears that some folks might have about HODLing dee cornz?

The dude will appear soon in the old man season 2
Looking forward as well

 Maybe the dude being in it will tie the whole thing together.  I'm not going to hold my breath though  

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enough

buddy be blocked

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I’m looking forward to watch it… but first a few days of semi holiday …. Leaving Belgium shortly… after that it’s pinguïn time

Only been hearing good so far

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yeah.. about that.. you might want to learn what youre talking about before posting here..

https://bitcointalksearch.org/topic/i-am-hodling-375643