Post
Topic
Board Speculation
Merits 3 from 3 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 13/08/2022, 03:45:07 UTC
⭐ Merited by Hueristic (1) ,psycodad (1) ,AlcoHoDL (1)
[edited out]
Exactly this ethereum is an organization of developers that at advancing the protocol. Basically forking the shit out of it. They are addressing scalability and the Web-3.0 components.

Bitcoin also has an organization of developers that are working on it but less active.

At the end of the day

Bitcoin = #1 store of value
Ethereum = #1 utility token

Combined they and a few stablecoins are all that are needed IMO

it's not Bitcoin vs ethereum. It's Bitcoin AND ethereum...
They should not be seen as competitors

Fuck ethereum.. that piece of crap... hardly even worth responding to your nonsensical attempt to make it seem as if it has some kind of value. .. beyond scamming normies.. and even scamming you by your trying to present it as if it were to have som value or ability to be mentioned in the same sentences as my lil precious.  Roll Eyes Roll Eyes Roll Eyes Roll Eyes Roll Eyes

World's largest asset manager BlackRock: Bitcoin "is the primary subject of interest from our clients" within crypto.
Source: Bitcoin Magazine.

Probably already mentioned but nice to read about : InvestAnswers Shows How BlackRock-Coinbase Partnership Could Send Bitcoin (BTC) To $773,000
Haha, I'm all for hopium but that number is ridiculous.
Anyway this is how they calculated it.
Quote

“If they add 5%, which is what Dan Tapiero says, I think it’s way too aggressive. Maybe over time, maybe in the next three to five years, that could be possible. That would take the price of Bitcoin to $773,000 in the next three to five years pretty easily.”

I doubt that we need to get into details of the matter, but it seems to me that $773k in five years is quite reasonable, and I am not even sure how to put odds on such a number at this particular time... because I have not really thought about how we even get out of our current pickle.. I have difficulties thinking about more than one thing at a time, sometimes.. hahahahaha

If you look at my numbers from last December, I had placed around 0.5% for getting to $1.5million in this last cycle, and at the same time, I had placed 2.5% odds for getting to supra $800k and 11.25% odds for getting to supra $650k, so I would think that with the passage of time, those odds should be going up rather than down.. and maybe even my probability assignments are not as high as the probability assignments coming ouf ot that article..

and, of course, our most recent cycle seems to have been playing out quite a bit differently than we had expected in terms of not really getting as much of a blow off top as expected and then so many damned contagions that ended up pushing the BTC price down a bit more than 20% lower than the 200-week moving average (at least so far), so anyhow whatever recovery is needed in our current BTC price dynamics, and the passage of time likely does cause some needs to adjust the probability assignments that I had previously placed on various upside scenarios.. and I would imagine that even if we have experienced some pretty decently negative recent BTC price actions, our bullish cases have not been completely removed, even if Blackrock may well be a wee bit premature in trying to proclaim high odds for $773k - but they control way more resources than yours truly (at least currently.. not that I am aspiring for much beyond my current supra 0.63BTC status.. which surely there can be a quite a bit of value in terms of both accumulating what you can, but accumulating an amount that you are able to hang onto.. .. which so far my supra 0.63 BTC status is much more manageable than some of our recently reckt twats in the space who had to be filing for bankrupcy because they failed to preserve more assets than they had debts (even though I am not even going to concede that the individual owners are still running a way with a lot of BTC because they were gambling with OPM.. you know.. OPM.. so many folks recommend using OPM>. those morally vacuous fucks....