Quote from: El duderino_ on Today at 07:48:43 AM

Quote from: dragonvslinux on January 26, 2024, 09:49:47 PM

Quote from: El duderino_ on January 26, 2024, 01:26:35 PM

So??
Never
Under
40
Again
??

I'd happily take a bet with you, or another reputable member, that price will go below $40K again before the end of the year (2024).

0.1 BTC is the offer.

Yeah I understand
A dip is always around the corner

But
I will take a bet when I say bitcoin will not be trading 50 days in 2024 under the price of 40k

That is an interesting and even fair counter-proposal for such a bet, and it does bring out the idea of "are you bearish?" or "are you bullish?" perspective and even to add a bit of a need persistency below $40k rather than a kind of transitory touching upon sub $40k.

I would assess that so far, we have had 5 days in 2024 that have gone below $40k, so if there were to be 45 more days, then you (Dude) would lose such bet as you proposed. I like it.

I think that it is not obviously a bet in your favor, but personally, I would take your side of the bet, while at the same time, there are going to be some more bearish (or downside-inclined) folks who would be willing to take the other side of that kind of a bet.

And, then on the question of size of such bet, you personally, would not be opposed to the proposed bet quantity of 0.1 BTC? I personally think that it is too much, but I can see where some folks would reasonably differ on that part of it, yet I am still thinking that personally in these times, I would not bet more than 0.001BTC in most of the forum situations, but it could be possible to convince me to go a wee bit higher if there were the right kind of circumstances or if there might be the combinining of sub-bets.... ..

Quote from: danadc on Today at 02:20:52 PM

Hello guys, I'm looking at some things about bitcoin and I found it very interesting why does inflation influence bitcoin?

To me it seems that it is not really "inflation," but instead, it is the debasement of the dollar (and other fiat currencies) that is creating influences upon bitcoin.

Quote from: danadc on Today at 02:20:52 PM

Quote

The US Treasury plans to announce its borrowing plans for 2024 on Jan. 31, 2024. Higher government borrowing can signal that the government is willing to take on more risk and lower the appeal of government bonds since more debt increases the chances of a default. As a result, some investors could choose Bitcoin.

Source: https://beincrypto.com/us-inflation-fed-influence-bitcoin-price/
Well, things can work like this, I like that the largest and most influential economy in the world has to verify that the best solution to inflation is Bitcoin

The author of your cited article is describing bitcoin as a solution.. not anyone who is pushing the US economy or whatever other vague reference that you are making to possible government statements.

Quote from: danadc on Today at 02:20:52 PM

, the results of the price can be considerable now, but it has been stated that always in any event, the The best alternative is Bitcoin, the Adoption is evident, and I think the price of Bitcoin may rise in about 3 months or something , due to the Halving effect.

I don't know. We had a rise in bitcoin's price from sub $10k levels relative to various dollar-related prices that largely started in around July 2020 and went into 2021, and even the correction back down to $15,479 did not cause bitcoin prices to go back down to the pre-July 2020 levels.. if we might consider a jumping off point to be around $10k.. and even when we are currently going up since November 2022.. we are experiencing ups and downs, but still, even if we might consider our lowest point of $15,479 as our jumping of point, we have another 3x increase in the BTC prices, and I doubt that BTC is even unstable at these prices, even though we are currently right around 38% above the 200-WMA.

Quote from: danadc on Today at 02:20:52 PM

Now yes, there are many analysts who are quite effusive about their analyses:

Quote

“Unless Bitcoin reclaims the 42K (HTF), this is nothing more than a lower high, in my opinion. <…> Everything below 48K can be used as fuel to recharge short positions,” he said.

For sure, we need guys like this and it would be interesting to see if they would be willing to take the other side of the Dude's bet, and in the meantime, I hope that they do believe in the power of shorts because that would actually be putting their money where their mouth is, but I doubt those kinds of dweebs are even shorting, but instead trying to get others to short. .and good luck with that,^** they are going to need it.

**By the way, I don't really mean "good luck" to anyone shorting or selling bitcoin at these prices, and I surely would prefer that those kinds of folks either get reckt or at least experience a decently sized loss in their funds do to their betting against my lil precious in times like these.

Quote from: danadc on Today at 02:20:52 PM

Quote

In this context, JPMorgan (NYSE: JPM) strategist Nikolaos Panigirtzoglou suggested that the Bitcoin sell-off might be nearing an end, stating that the “GBTC profit-taking has largely happened.”

Meanwhile, BlackRock’s (NYSE: BLK) Bitcoin ETF is poised to achieve a noteworthy milestone by surpassing $2 billion in assets under management. The firm’s latest product is maintaining its dominance in the emerging category of ETFs, which is viewed as a positive sentiment for the market, considering BlackRock’s status as the world’s largest investment firm.

Notably, at the start of the week, Bitcoin experienced a significant decline, dropping below $39,000 for the first time since early December.

Interestingly, several analysts had projected that the sell-off might extend further to the $30,000 level, and therefore, the ongoing rebound could be welcomed news for the market.

Source: https://finbold.com/analyst-identifies-key-price-level-to-validate-bitcoins-bullish-scenario/

Regarding the first part of the above-cited article:
It is difficult to assess current BTC price dynamics as anything but bullish, even if we have been experiencing some slowing down of the overall upward momentum and upward trend.. and so folks who are failing/refusing to accumulate bitcoin may well be wishing that they had been.. especially the low coiners and no coiners.

Those of us who have coins on the other hand or who are stacking as best as we can, are likely going to be in a better position as long as we are mostly holding onto our coins.. and surely I have a system that I buy on the way down and sell on the way up so I don't really change any of my behaviors, and even within my system, I can tweak it a bit in order to lean more towards buying more than I am selling, which largely has been my own situation since June of 2023.. but part of my own bias comes from my having had suffered a bit of a windfall in cash that might be partly to blame for my mostly accumulating bias in the last 7-ish months.

Maybe I was a bit more neutral in the earlier part of 2023, and I surely I was also forced into a bit of extra accumulation in the second half of 2022 that might have gone a bit into the earlier part of 2023, so maybe right before my June 2023 cash windfall accident I was more starting to border on neutral, but then got pushed into an accumulating bias.. and maybe based on my latest changes in my buy/sell orders I am getting a wee bit back to bordering on neutral again.

Regarding the article's pointing out of the drop below $39k:
That is hardly even interesting. We might call it a 21% correction so far after right around an 81% increase in price, if we use $27k-ish (from October) as our jumping off point.. so who gives any ratts' asses about an early December parallel in prices.

Regarding several analysts proclaiming that BTC prices could drop to lower $30ks.

Yes.. of course.. could is always part of any assessment, but still hardly interesting, even though we always have folks selling on the way down and planning to buy back lower.. and that does NOT always work out as well as it had been hoped.

Quote from: danadc on Today at 02:20:52 PM

I like to hold on to the good things that can be presented here, in what can happen I do not lose faith in good analysis, I think that right now what there may be are high expectations about the price, I do think that it will rise a lot this year, and that in a matter of a few months we will have a very high Bitcoin price.

It is difficult to say how long it might take to get out of the don't wake me up zone ($35k-$55k).. and I suppose that I am cheating to consider such zone to have decently large parameters. but it is not like I am just making this shit up.. king daddy seems to have had put itself into such a posture based on it's bouncing out of the old "don't wake me up zone" of $25k to $35k, and so once we had gotten convincingly into the $40ks, it seems that we had entered into a new "don't wake me up zone" that just happened to have broader parameters.