Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 596. (Read 26735427 times)

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JUST IN. Bitwise chart shows #Bitcoin historically pumps in price after being down in September   Bullish  

This is so wrong
Is like saying "Don't press the Red Button"
We all know how it ends.


P. S Retrocausality got me hooked since it was relatively easy to grab than suoerdeterminism.

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I did not know about that movie, but it surely seems like an interesting premise.. and even the clip was interesting too...


First, you make several good points in regards to technological improvements causing the actual costs of a lot of things to go down, yet of course, we have a lot of deceptive measures.  Anyone following any of the work of Jeff Booth will likely have been exposed to those kinds of ideas and also recognition of the traps and tricks involved in our measuring within a system designed to deceive us.

Second, regarding the "crypto" ownership chart, I am not really sure of 1) the meaning of crypto, 2) the source for the chart and 3) how are they defining ownership (I would imagine that there is a threshold level of ownership to count as an owner or as a past owner).

Surely we are really only interested in bitcoin in this thread, yet surely since crypto is being thrown around at least it would be helpful to figure out how the chart creator might have been defining what is a "crypto," and surely bitcoin is included in there, and maybe some of the various shitcoins might not matter too much, even if involvement in shitcoin might end up being a gateway into bitcoin.  Perhaps.

I have a hard time believing those numbers to be accurate, such as suggesting that in the USA that 21% of the population currently owns bitcoin and that 35% had at one time owned bitcoin.. a bit unbelievable as a number... but at least it might be good to hear about how the numbers have been derived and perhaps even price threshold to be considered as a "crypto" owner, maybe $10 or more worth, which surely many of us would consider to be nearly meaningless?.. yet I would hate to be too elite on the topic either.. so maybe $100 or $200 might not be a bad beginning threshold, even those are quite small amounts too... .  Third party custody seems acceptable, even though many of us more experienced bitcoiners know that it can be quite problematic to attempt to assert that we have the same kind of ownership rights by having our coins held with third parties, yet at the same time, I personally suggest that beginners start with buying BTC on an exchange or getting BTC price exposure and work their way into actually directly holding their coins.. and surely, any of us should recognize that there is a certain level of complicatedness in regards to holding your own coins, too.

I do agree with your overall point regarding increased involvement in bitcoin (and perhaps even shitcoins, even though shitcoins have their ways of being a distraction) is likely our ongoing trend, and so likely even within the increased involvement and/or adoption, we get more stickiness in regards to new entrants learning about bitcoin and staying with bitcoin. perhaps even setting some bitcoin in "cold storage," and knowing why they are deciding to put some bitcoin in cold storage.. and maybe even thinking in financial sovereignty kinds of ways.

Indeed...
"There are more things in Heaven and Earth, Horatio, than are dreamt of in your philosophy." Hamlet

Eh? Sure, but bitcoin ain't increasing in proportion to inflation...it takes less than 30% a year appreciation from now until 2045 to get to 13mil (which, at 3% inflation WOULD in the 2045 be the equivalent of 7 mil in today's dollars, assuming 3% inflation in between). aka 13 mil per in 2045 would buy what 7 mil can buy today, if we assume 3% average annual inflation.
Saylor's underlying number: an average of 30% yearly appreciation of bitcoin between now and 2045.

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But gangsta brotha
it is not 7 mil yet
A fuckin' problem...




#haiku

I remember Sinbad dressed as a genie in the 90s.

buddy methinks you need to work on your maths and sciences

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Is this conan the barbarian

You know I still mistake you for JimboToronto sometimes

Buddy raised the price

Buddy raised the price


If you don't want your minds blown don't google retrocausality or superdeterminism.

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No reason iphone cant get cheaper every year, they updated and improved it but not enough to increase the price like they have.  Prices do fall in a proper currency, technology is certainly deflationary due to its rate of growth but we dont have that scenario we got a trash currency and everything goes up.   Kudos for holding onto the old iphone, seems wrong to throw away working tech especially when some of the people involved in production had limited freedom available.  One bright spot is new sources for cobalt and also alternatives in battery tech should be a big deal.

Hedonics is an interesting play by government to allocate improvement as a counter to price inflation, justifying and adjusting the real figures.  You arent poorer, you just need to work more hours to buy the same things 
https://www.investopedia.com/terms/h/hedonicpricing.asp
https://www.gisreportsonline.com/r/cpi-inflation/




Basically what I thought was happening though its pretty slow, even while price varys the underlying baseline growth for BTC is good.   Ideally every country reaches a point where the majority own or have owned BTC and we keep seeing that basic involvement improve.

Highs of yesterday and today are the price we need to beat to really stay positive near term.  It was also the low for most of last month etc.

"yesterday" movie was better than i though it would especially be as im not the biggest Beatles fan (pink floyd is my thing). but yeah cool flic.

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