Quote from: BobLawblaw on November 09, 2019, 10:30:40 PM

Quote from: fillippone on November 09, 2019, 07:14:24 PM

Oh no! Not Bakkt again! This is going to trigger V8!

I must admit, I don't understand Bakkt. There are a lot of different things and stuff happening with Bitcoin lately, and kinda hard to keep on top of everything that's developing or being rolled out.

Bummed out bailing on LND as "entirely unprofitable and a management nightmare", GRIN being a pile of shit (new 2080ti gaming rig on the positive side !) and nothing else being interesting to me in crypto space right now, in terms of Layer 2 Bitcorn stuff. Even Liquid is boring AF to me.

So, I will just HODL until $15k.

I'm with you. My 'simplistic', and I mean that as 'very simplistic' lately at looking at BTC/Crypto is Whales in mining (with 2017 and 2018 mostly Bitmain L3+'s and S9's) getting out of HODL'ing

Bitcoin for the time being. The price always seems to do this at the beginning of the month (IMHO) and I think real-world issues of miners, not small, but not big enough at these prices,

having

to sell BTC/Crypto to pay for the lease/data hall/lifestyle (in that a lot of these guys have been self-employed last few years) etc. Indeed you could make a case a lot of miners, no matter the

size, are either doubling down and buying more ASICs or cashing out as it comes in. Miners are not in a HODL group anymore at least IMHO not this year.

Also just whales in general bleeding off some of the cream of

their massive BTC/Crypto Hoard....every time we get around $9k or $10k ...(hey I said it was simplistic). Again, have to keep the trophy wife happy and stay at the lifestyle you have

become accustomed too, when BTC price was high. (Sob! I miss those days ...soooooo much) Sad

So I have 2 simplistic trains of thought about this:

1) The economy tanks into a recession and the price or BTC tanks as well, because whales/folks/etc sell for 'real-world issues' in that they bought or got into BTC/Crypto because they

had extra discretionary $$$ to spend because the economy was good. They would still like to accumulate BTC but hold off due to the turn in the economy (whenever)

2) The economy tanks into a recession and the price of BTC pumps, because whales now will HODL and folks/etc and institutions will pile into Bitcoin as a safe haven. This to use

Bitcoin as a 'virtual gold' and store of value.

As I said, this is a 'simplistic future' but I do think the economy will have to have a recession sometime with what is going on in the world and I guess a guy can flip a coin on which of

the above is true. Come to think of it a lot of my BTC/Crypto theories are 'simplistic' so I should probably just stick to flipping a coin anyway.

Again, like most things in BTC/Crypto make a choice.

Brad