Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Binance is just a more advanced Mt Gox. Doing things they either knowingly or being deliberately blind to that at some point implode in some way (here intervention by the law).
That statement sounds really dumb.
Mt. Gox was one of the first widely available exchanges, and we found out some of the ways that it was defective (perhaps hacked early on) and then had a lot of withdraw issues, and was bitcoin only very much prior to wide-spread public awareness of bitcoin.. even though surely there had already been some USA Government involvement in Mt. Gox prior to its sudden shutting down in February 2014.
Do you believe Binance is going to suddenly shut down? even though the SEC is petitioning for such "shut it down" relief.
The sooner all these distractions are gone or are laughed at the sooner new entrants to bitcoin will be able to see nothing is properly founded incl the non gold linked usd except for bitcoin.
I cannot disagree with your point about bitcoin being the better of the assets, but your prayer for distractions being gone/laughed at seem to be a wee bit pie in the sky. It's almost like you want us to move immediately from the "then they fight you" and into the "then you win" stage, but just to make the fight quick. Making the fight quick seems to be a pretty unlikely thing.. status quo incumbents (whether referring to government institutions or banking institutions or status quo rich) perceive that they have too much to lose, no? Which mea
In fact with usd no longer tied to gold bitcoin is as good if not better founded.
Fair enough, but putting such "better money" (aka king daddy) into practice seems to be another question... yes we all know that bitcoin is better.. .. less than 1% of the world's population who happen to be holding BTC... and maybe some of us hodlers are merely here in bitcoin because we just want to be hedged.. and we don't really realize that bitcoin is actually better, but we are still hedged, for NGU reasons.
As for price it should not effect things in the wider sense of bitcoin being in a sort of $20to 40k wait and see period. The next big push is proably the havening though personally I think once it goes past the old ath it should be even more attractive as at that mark everyone that has ever bought bitcoin at any time for any price is in the black. That is quite remarkable and shows potential entrants that hodl has been very to owners and no reason it will not be good for them. Get the choo choos back on the track
It seems that once we get into the mid-$50ks, then we would have had entered into "no man's land," even though it remains quite difficult to pinpoint with any kind of precision where "no man's land" actually is - even though there are theories about where it "should be"
I'm starting the believe that the more RnD money you lose as a Tech company, the more profitable you actually become.
Its a loss leader for sure, I agree with this point of view but its not like we havent seen this before and it can be a success if they are moving towards mainstream at all. Theres plenty of rich people out there or those who will borrow to buy something unique, make it Apple and you add a legion of fans of which Iam not one but I do understand their customer loyalty is off the charts compared to most brands. Main concern is that unique product and also to be ahead of the crowd, if they get yet another product that has a large share of a growing market then its a success. They carve out a profit later from that foothold they garner by acting now.BTC to meet 24k I think before we can judge its performance vs the 200 week average, it should rebound above but the MA itself is not support. The closing prices of last summer is where I think it should hit and bounce.
Good luck with that.
I am not saying that I know anything.
Do not overthink…..
hahahahahaha
even better