Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 28/12/2023, 23:52:12 UTC
@El duderino_I have a query like yours. Cheesy

Where is it guys? 🥱
Bitcoin Bar Budapest, Hungary
https://www.hungarybudapestguide.com/bitcoin-bar-budapest/
budapest, hungary 🥱🥱
You win!
Yes this bar is in Budapest. That's been in place for a long time but they NEVER accepted any payment in BTC (or any crypto).

Extra-ordinary claims require extra-ordinary proof. 

#justsaying

MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per #bitcoin. As of 12/26/23,
@MicroStrategy
 now hodls 189,150 $BTC acquired for ~$5.9 billion at an average price of $31,168 per bitcoin.
I fear what would happen to the market when they start selling those BTC, the market may face a huge dump. If I'm not wrong then the MicroStrategy won't be selling their Bitcoin at least for the time when Bitcoin doesn't reaches $1M a Bitcoin.

I doubt that they are selling, even if BTC reaches $1 million.

Selling does not line up with how they think about their investment into BTC, even if it is true that they could sell if they wanted to, but still that kind of trading mindset and even fucking around with a pristine asset is not really even necessary in order them to be greatly profitable, even if they might be able to perceive a 30% to 50% drop in price coming.. which is another BIG if, but even "if" they could perceive that such a dump is likely coming, that still does not necessarily mean that they would be selling very high quantities of their BTC.. .. maybe 30% at most?  but who cares.  They can do what they like, and each of us have to figure out what we are going to do, and there are much worse things in the world as compared to MSTR/Saylor holding a couple hundred thousand BTC.

By the way, think about blackrock and some of those fucktwats having possession of a few hundred thousand or even a million or more BTC.  That seems to be a bigger problem for manipulation fuckery.. but even with that.  Each of us should still be considering what we are going to do rather than getting too much caught up with the various "what ifs" that may or may not end up being as probable as we might have in our imaginations..

But Glutamine and glutamate do seem to have some kind of a relationship, so I am not going to try to unravel any of that here.. seems to be beyond my depth, but interesting to see that there is some kind of a relationship, and you are not totally off of your rocker, Biodom.  
It's simple...Glutamate (for example in monosodium glutamate) is simply an anionic form of glutamic acid (as glutamine has an acidic carboxyl residue, which can ionize), which is a non-essential amino acid (meaning that we don't have to consume it as food), mostly acting as a potent neurotransmitter and in protein biosynthesis.
This is similar to citric acid/citrate, carboxylic acid/carbonate, etc.

Sorry for a bout of chemistry....but not much is happening to bitcoin price right now.

No wonder your user name is Biodom.. you are a nerd.

.. by the way, we eat all kinds of foods that may or may not be essential, and probably we take all kinds of supplements that may or may not be essential, and so then there still might be questions regarding whether whatever we are eating and/or taking is helping more than it is hurting.. so something still might not be essential, but it might still facilitate nutrient absorption and/or healing.. which also might not be essential, but still it would be helpful to us in certain circumstances.. maybe if we might suffer from various kinds of inflammations and/or irritants in our system, and if some nutrients and/or supplements can help our bodies to function better, then wouldn't we be in a better place from taking/eating those kinds of supplements/foods to the extent that they might exist?  which reminds me?  I bought some peppermint flavored Chlorphyll (liquid by Dynamic Health) the other day, so I am not sure if it is going to help anything, but I am drinking it about once a day, and then now i just noticed that it says pasteurized on the label.. so that might have had negated any potential positive benefits of the matter.. I don't really like the idea of pasteurization, even if it might help something to stay preserved longer.

Bitcoin is the most salable form of money across time and space.


>>> https://twitter.com/SimplyBitcoinTV/status/1740064247953121481?t=FnIkJTXSclsifOBslPEIWQ&s=19
It certainly seems like Bitcoin was a bit of a gift for our planet in that it does seem to act as a store of value over time opposite to fiat currency. Maybe if we start traveling through space this will be a more important feature than it is now, or if people as a whole ever get their financial intelligence up. Right now most people still think Bitcoin is a scam.

Of course bitcoin can do both.. travel over space and also travel over time, so it seems that Saylor is merely trying to emphasize the traveling over time component, which does not eliminate how much space travel that BTC can already perform.. .whether it is the memorizing of 12 words and walking across the border or even the ease upon which millions and billions of dollars can be transferred without having to ask permission from nobody. 

Think about it. 

There could be some difficulties getting in and out of bitcoin due to the crossing through fiat channels, but the more people who use bitcoin and hold bitcoin, then the more likely that off and on ramps are going to continue to expand, which truly is scary for the powers that be to figure out new systems to get compliance with various ways that third-parties and even current status quo rich were able to either rent-seek or other ways of taking their cut in ways that were not necessarily fair and/or deserving.  Freedom to transact is both powerful towards individuals, institutions and governments and challenging to status quo power systems to figure out ways to broker their ways to hold onto power.


It certainly seems like Bitcoin was a bit of a gift for our planet in that it does seem to act as a store of value over time opposite to fiat currency.
Yeah but poor as a means of payment as of late.
Hopefully this scalability issue will be worked on in coming years
Can't even make any small transaction with transaction fee this high.
Bought some units of satoshi during this minor pullback(around 41400)
But have been unable to transfer to my wallet due to the trx fee.
I don't trust my holding in Binance since i can easily convert my BTC to my local currency to squander
Thus cheating on hodling.
Sigh ordinals are getting too comfortable in our land.

Personally, I think that is way better to hold some of your value on exchanges, and not be creating a bunch of UTXOs that are less than $500, so maybe consider transferring after you have at least $500 to $1k, and yeah, maybe it sucks that you are holding too much value (and your own savings/investments) with third parties, but many folks who are already poor and are doing smaller level transactions, they need to be careful not to get eaten up by transaction fees, which maybe sometimes it might be inevitable to have to pay higher amounts (or high percentage of the total transaction amount), but we also might have more and  more possibilities through lightning channels, too (and perhaps some other future technologies).  The choice is yours in regards to the various trade-offs... and yeah, if you are ONLY buying $10 per month, it could take you several years to reach $500 accumulated, and if you are buying $10 per week, then maybe you are a bit better off to be able to get to $500 after about a year, and maybe even with those low amounts, there might be some options that develop in the future, but you still should try to not be dissuaded from BTC, yet at the same time, you still might need to figure out the better ways that you can make investing into BTC more economical for yourself, especially if your regular purchases are lower than $500.