Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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Focus you dweeb.. focus. Do you know how?
Do you know the topic that this thread is attempting to discuss and address? It's not about some kinds of ways to weigh the varying cryptos against bitcoin because that just leads us into a slippery-slope of nonsense talk.. about weighing which shit coin is less shitty than other shitcoins and other distractions. There are other threads in this forum in which you can address various shitcoin topics.
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Yeah, but who said I won't dump all my normal-traditional limited supply coins for some bullsh!t ERC20 toxin sometimes.... (Those are hardly advertise material, cuz many won't know how to buy them.... anyway... back to "my concept" )..... The idea I keep banging on is that lets say if you were amish, and lived in some restrained village community, and you had your own crypto, you and your folks wouldn't want to trade with the outsiders that wanted to sell u things from China. Kk??
.... Because they would influence and manipulate your currency with devalued sh!t or content. For the moment Banks / institutions are now CHina in the story and they devalue the amish good products made with hard labor and made to last. Have you ever tasted plum spread made by the amish in a copper pot without added sugar and on a heated wood burning stove? 
That's kinda my point that I'm trying you delusional folk to convince.
...... Don't get carried away in your own delusion and not now... but after 4-5 years, you should move on to another system. I'm just planting an idea seed for now, cuz I might not care in 4-5 years to tell any of you sh!t...
In 2013, when I got into bitcoin, I had considered it to potentially have a 2-year plus investment thesis (timeline), and maybe longer, but I was also considering that if I changed my mind within 1 year, then I would just play the long-term capital gains tax and attempt to stay into bitcoin for a minimum of 1 year... Of course, even if I set a one to two year minimum investment timeline for myself I was not bound to such limitations (especially if I learned better information along the way, then I could cut the investment short).
These days I do believe that any bitcoin newbie can get into bitcoin with a minimum 4-10 year time horizon, so in that regard the bitcoin investment thesis remains stronger than what it had been in 2013... In other words, snap-the-fuck out of your short term wiffley waffley thinking Save the RF... Bitcoin remains a long term investment, and surely you can play around with short-term investing or flip flop between a variety of nonsense investments, such as shitcoin or even various other investment assets (categories), but still seems prudent to have some portion of bitcoin in your investment portfolio.- maybe even aggressively so.. without any need to worry about getting in and getting out.. just proportion reasonably and perhaps ongoingly, and sure at some point you might decide to stop injecting new capital into it...
Historically, bitcoin has outperformed various other assets that normies might have in their investment portfolios, so sometimes that outperformance can create dilemmas about whether to let the winner (bitcoin in this case) ride or to reallocate. I personally set up a situation for myself in which I do not reallocate, but instead let the winner ride and continuing to ride because there seems to be no worse reason to stay invested into bitcoin and really with the passage of time bitcoin's investment thesis seems to be getting stronger and stronger, which is the opposite as what you seem to be suggesting Save the RF.. you dweeb.
By the way, the ongoingly growing network effects of bitcoin getting bigger and BIGGER seems to strengthen rather than weaken its investment case, so in that regard instead of revisiting and deciding to get out of bitcoin (as you seem to be suggesting Save the RF), there is a lot of justification to revisit and decide to either increase your investment into bitcoin, maintain your investment in BTC or to get into BTC if you are not already in.. again. the opposite as what you seem to be suggesting Save the RF.. you dweeb.
It is kind of strange that we are staying quite high in the bitcoin history of price locations.. largely staying in the top 20 since about 10/15 with the exception of 10/27.... and hardly any fanfare..
Of course, these remain exciting times. .while many of us do have senses that higher numbers are going to push the top of the chart.. hopefully? Hopefully.. the rest of the year.. maybe into next year would be nice, too... .
It is likely going to take a while to push all the pre-mid April 2021 numbers (or would we say dates) towards the bottom of the chart and off of the chart.. which hopefully does happen in this cycle..... first, second or third quarter of 2022.. though there are quite a few pundits who consider that the end of this cycle will come this calendar year, which could make it more difficult to push some of the earlier 2021 numbers/dates off of the top 100 chart.
Of course, these remain exciting times. .while many of us do have senses that higher numbers are going to push the top of the chart.. hopefully? Hopefully.. the rest of the year.. maybe into next year would be nice, too... .
It is likely going to take a while to push all the pre-mid April 2021 numbers (or would we say dates) towards the bottom of the chart and off of the chart.. which hopefully does happen in this cycle..... first, second or third quarter of 2022.. though there are quite a few pundits who consider that the end of this cycle will come this calendar year, which could make it more difficult to push some of the earlier 2021 numbers/dates off of the top 100 chart.
My gut tells me it is the last play for big mining/asic builders.
They keep it like this due to chip shortages. This will pass soon but I am thinking 2022 Sept-Nov. will be the end of the super cycle.
But what do I know. Not much.
Still stacking AND HOPING YOU are more correct then I am.
@Phillip: I believe that it is better for me to respond in this thread rather than in the "Top 20 (100) days" thread.
You are quite the bear. Of course, I also hope that I am more correct than you.
First of all, you are predicting the end of the supercycle based on a kind of bearish scenario about a kind of death of mining incentives.
Second, you are presuming that mining plays a way large factor in bitcoin price performance than it actually does..
Third, you are probably continuing to underinvest in bitcoin because of your bearish (or lack of bullishness) thesis - which is an error that you admit that you have made in your already 9 years in bitcoin (ongoing failure/refusal to adequately prepare for UP and admitting that you errored in your previous failure/refusal to prepare for UP and continuing to commit the same error... hard to feel sorry for you when you continue to make the same mistake.. even though I do feel a bit bad for how much work you have done related to bitcoin but have continued to fail/refuse to get richie).