You must be new here... wait..

Anyhow, "long term holders" and "smart money" are dee same peeps.

Go figure...


If you must


Who gives a flying ratt's ass what the article thinks.

What do you think?

Are we in a 2014/2018 situation?  You seem to think so, no?  Why else would you be citing that article as if it were gosspel from on high?

Another thing would be how anyone could reasonably assign March 2020 as if it were part of some kind of a meaningful pattern? 

Any of us should be able to look at the charts of any and all asset classes and see that nearly every class of asset had the same flash crash event (flowing value into the dollar) .., so a flash crash means quick down and quick bounce back.., which makes it a wee bit of a unique event rather than something that anyone should reasonably assert to be part of any kind of a meaningful pattern.


Sure.. maybe not for the stated reasons and maybe not guaranteed in any kind of way, but overall fair enough.



Ok.   Thanks.

For reference: Svetski's point 35 is:

>>>>>>>>>>35. If you think that “this time it’s different:”

If you’re blind enough to have not seen through the lies, and stupid enough to believe that tyranny is something that just “appears” from out of a vacuum, then you just don’t get it. In fact, you are the perfect candidate for guard or Capo, and for your kind bitcoin doesn’t work.<<<<

He attaches this Picture as evidence for the point:



(I'm having some trouble getting the image to load.. maybe someone has a better way to do it? I don't claim to know how to do some basic things.. sorry folks...or maybe I am not sorry.. whatever.   The image is number 35 in this linked article:  https://bitcoinmagazine.com/culture/why-you-should-sell-your-bitcoin )


And, McCormick's tweet is just one of three examples, in which Svetski is using the fact that McCormick deleted his tweet to suggest that he is a hypocrite or that people get tricked by governments.  In his tweet (presumably tweeted around mid-2021 or earlier) McCormick said:

"Right now I am definitely a statist.  I think we need draconian centralised planning to reduce the spread of Coronavirus and the overwhelming of the health systems.  I am though thinking about post-Coronavirus and how we ensure governments retract from their new powers.  Am I alone?"

I would not necessarily want to get into any deep debate regarding what is a bitcoiner and what is not a bitcoiner in terms of how much any person might have gotten lulled into aspects of supporting coronavirus "protective" / "control" measures, and surely we can recognize that bitcoiners may well be all over the place in terms of their views about the virus, views about the role of government in regards to a variety of policies/practices, views about whether there should even be any governments and if so what purposes they might serve if they continue to exist in one form or another.

I doubt that active forum members in this thread are even going to agree, even if we try to get into the more specialized area of historical government abuses in regards to monetary (printing) policies or how a movement that more and more increases the relevance and power of bitcoin is going to end up addressing some of the historical governmental abuses to cause us to reach a system in which more people consider to be more fair because maybe we can at least agree that a more and more successful and dominant bitcoin system does seem likely to take away some of the human interventions that lead to a whole hell of aa lot of unfairnesses.. even in that Saylor interview that we keep referring to, it seems that he mentioned that bitcoin might be able to take a away some fraction of injustices that exist, but not all injustices.. I am pretty sure I recall Saylor referring to something like 50% - which surely would be a ballpark estimate, anyhow (here's the Saylor video link, again.. find the exact point (near the end I think?) yourself..  maybe you can tell I am getting a bit distracted because i have to go do something else right now?   hahahaha).

By the way, I expect that I won't be back to post until after the close of the weekly candle.. and if no one has mentioned this one needs to be above $29,455 in order to be green.. which surely seems doable and will close about 2.5 hours from the time of this post.. .good luck everyone.. to the extent it even matters to any of us or to the fate of king daddy.