Quote from: philipma1957 on Today at 03:13:01 PM

Quote from: bitcoinPsycho on Today at 01:23:55 PM

https://www.fxstreet.com/cryptocurrencies/news/blackrock-deliberately-driving-down-bitcoin-price-in-anticipation-for-spot-btc-etf-approval-analyst-says-202309051922

Good as I am deliberately buying more coin at cheap prices.

I am still not very confident that you are going to be able to buy back the ones that sold for under $20k.. because we have to et below $25k first, and then $22k and then $20k, but hey yeah, maybe you are willing to settle to buy them between $20k and $22k, in the event that we might go down that far and in the event that you still have any cash left for buying BTC at that time.

Quote from: JimboToronto on Today at 03:47:54 PM

Quote from: JayJuanGee on September 05, 2023, 07:31:58 PM

Quote from: eXPHorizon on September 05, 2023, 03:10:08 PM

bleep

... a snot nosed little brat like you (who still has not wiped grandma's milk off his chin) ...

Hey, go easy on the kid.

Puberty can be a confusing time... children and their schoolyard peers sometimes think that they somehow know more than adults.

Cut the child some slack. More milk and cookies.

See... I just threw him some of the attention he so desperately craves... attention is a form of milk and cookies.

hhahahaha

We all may well fall into our moments of devolving and feeding the shit posters.

Go figure.... even Jimbo.

Cheesy

Quote from: Magic-Maker-40 on Today at 04:16:25 PM

hello everyone
I had a chat in which the BTC price is analisezed where the market is barish and then the price goes up and the same pattern is gone a hepen again that's mean BTC is gone hogh again. hope that one will happen like pervious pattern.

Here it is: https://twitter.com/rovercrc/status/1699138075056558471

But what do you think?

Quote from: vroom on Today at 06:42:51 PM

Quote from: OgNasty on Today at 06:09:03 PM

This mornings news that companies will be allowed to begin using fair value accounting to value their BTC on their books is a huge positive for Bitcoin. If you weren’t familiar with the rules that had companies list their BTC on their books at the lowest price of the quarter, they existed. This fixes that. No longer will companies be scared to invest for fear of looking dumb when their balance sheet is assured to show an immediate loss.

don't let me google "fair value accounting" and please explain what that means. how does the difference look like in their books, can you give me an example?

My understanding is that companies used to have to keep the lowest value that the asset (bitcoin in this case) had ever reached since the time that they purchased it, so if the price of the asset (BTC price in this case) ever went up, then the value on their books would always reflect the lowest value of that asset since their purchasing of it, so the only way that they could get out of that kind of accounting would be to sell the asset and to rebuy, which can be a bit burdensome, including tax consequences, so now they are going to be able to reflect the true value of that asset (BTC in this case) maybe for each quarter..so the value on their books would likely go up and down each quarter rather than being locked in at the lowest price that the asset had ever reached since the time that they bought it.