Quote from: Krubster on Today at 04:10:48 PM

Quote from: JayJuanGee on Today at 03:36:01 PM

Quote from: Krubster on Today at 07:54:08 AM

As a maximalist myself, it's going to be interesting to to see how this unfolds from the sideline.

Is that really an accurate assessment of where you are at? You are really on the "sidelines" in respect to bitcoin?

I doubt it.

Sure you can be invested in a kind of way that makes you feel a bit dispassionate about the BTC price direction, or you can feel comfort that there is quite a bit of solidness in your bitcoin investment. For example, I feel pretty good that I can sell whatever quantity of bitcoin that I want, so long as the BTC price is above $5k, so in that regard, I retain a certain degree of confidence that the BTC price is not going to go below $5k in the short term or even in the longer term.. NOT 100% confidence, but a damned lot of confidence.

I have also become so bold as to convert myself into using the 208-week moving average (which is currently at about $8,500) as my measure of confidence that the BTC price will not go below such price levels in either the short term or even in the longer term and placing a kind of expectation that the 208-week moving average is likely to continue to increase by 10% to 12% per year.

So, yeah, I am feeling more and more cock-sured confidence in my BTC investment, but I surely do not feel as if I am on the sidelines in regards to watching various other shit products trying to act as if they are bitcoin 2.0 or whatever scams they are ongoingly pulling to attempt to topple the king (king daddy that is). Don't get me wrong also. I don't even feel any particular strong allegiance to bitcoin as an investment, but part of the issue remains there is nothing even close to bitcoin as a long term investment or coming close to toppling it. If there were, I would not mind diversifying some or all of my investment into such superior investment if there were such a thing.. but there is not.. so fuck all the others claiming to be... and I (personally) do not consider my lil selfie to be "on the sidelines" in regards to my watching their ongoing seemingly shenanigan performances.

No, not at all. I meant on the sidelines in regards to Etherum. I'm all-in when it comes to bitcoin. The entire post I replied to was about ETH, but this was the part in particular I was replying to when I said it was going to be interesting to see how it unfolds.

Quote

in a few decades ETH will be completely forgotten, some obscure technical dead-end street. but vitalik buterin will be remembered forever for his wonderful contribution to the bitcoin community.

Thanks for clarifying that because it looks like in my haste I misunderstood the point that you were making...