Post
Topic
Board Speculation
Re: Top 20 days for Bitcoin
by
JayJuanGee
on 01/04/2024, 16:01:57 UTC
This viewpoint makes sense. It suggests that there's a need for more price data between the lower range before seeing significant stability and upward movement. Stability requires a measured pace of ascent, allowing sellers at lower levels the opportunity to sell off. Moving too quickly to higher prices could result in continued selling pressure from those waiting for better prices, leading to significant downward movement.

You are speaking a lot of garbled gobble-dee-gook.

Either you have no fucking clue what you are talking about, or perhaps you are a bot (or using a bot) to generate some kind of text that is dancing around what might be the subject matter of this thread - or something related to speculations about how BTC price discovery plays out.. what it is versus what it should be?

Why not go with the what price discovery is? rather than trying to describe what price discovery should be?

And, stability?  Who gives any shits about stability?  Bitcoin is a pretty damned new asset class, and at the same time, it happens to be disruptive, paradigm shifting and facilitating one of the greatest (if not the greatest) wealth transfer known to mankind, so why the fuck would that end up being without volatility and battles along the way?

Surely, BTC's weighted daily average price will smooth over some of the volatility for the day in order that we can get some kind of measurement for what the average price traded for the specific day might have had been, but in itself we are not necessarily going to figure out price direction - except surely we likely can appreciate that we are at the top of all time high prices when BTC prices are showing up on these top 100 price listings - and even to attempt to account for inflation (or debasement of the various currencies), we likely would need to be attempting to pull data in from other sources, even though  within these data sets we can see some evidence regarding how several of the currencies are debasing at different rates relative to each other.

Even though we are not really talking about investing versus trading in this particular thread, many of the longer-time bitcoiners tend to appreciate that the mere fact that some bitcoiners (perhaps newbies, weak-handed folks, traders, gamblers, and other categories of bitcoin uninformed) are going to be selling way too much of their bitcoin too soon, and surely for an overwhelming number of the world's population, there really should be little to no need to sell any of their bitcoin until they reach a status of over-accumulation - and the fact of the matter, there are likely in the high 90%s (perhaps even around 99%-ish) of the world's population who don't even have close to enough bitcoin in light of their own personal situations.. and they don't even necessarily realize or know that they should be staking sats rather then entertaining ideas of selling at profit or some of those kinds of selling ideas that you were referring to as if selling should be a reasonable objective for any average person who might be looking at this thread.. ..


and even long term bitcoiners also realize that even if BTC is touching upon and passing through ATHs and breaching into new price territories, these are not areas to be selling your bitcoin, unless you are already in bitcoin for a decent amount of time and have already reached overaccumulation status... so in those kinds of situations, you can sell some of your coins whenever you like and your choice to sell some is not necessarily dependent on BTC's price performance location - though surely there is advantages to selling on the way up rather than sellng during a correction period.