Quote from: Biodom on Today at 12:14:52 AM

Quote from: JayJuanGee on August 11, 2024, 11:53:46 PM

Quote from: Gachapin on August 11, 2024, 09:55:30 PM

price sucks...

gonna go camping in the mountains with some friends and a huge sound system... you too have fun bros!

Call me out of touch, if you must, but from my perspective price performance of dee cornz is really not that bad.. especially considering we had a dip to $49.6k last Sunday.. so I am having difficulties being depressed about whatever bouncing around is happening currently.. touching various price points within $58k-$61k-ish in the last 24 hours.

I guess people have PTSD from back in 2022 and the 'meek' action for quite a few months (since April) make some people think that bitcoin lost it's mojo (it didn't) and others to think that it is becoming a 'billionaire's yo-yo", which could be partially true, but less relevant on a larger time scale.

Matters of UPpity seem to always take time, and surely each cycle has some of its own unique characteristics that could be characterized as negative or positive happenings. And, there are always folks trying to manipulate bitcoin to shake coins out of trees, including golly gee whiz if there might sometimes be some government coordination of some of the dumps. We could say that we are surprised (even if we are not) that the USA Govt did not decide to sell its coins when the BTC price was in the lower $50ks last week, but there is also ONLY so much that public entities can do with their attempts at coordinating ways to attempt to keep the BTC price to stay down and/or to try to control it or to appear that they have some kind of control over it.

Many of us likely realize (yet we soon forget) that BTC prices got past previous ATH prices prior to this cycle's halvening, and then holy sheit.. we mostly have been stuck in a $56k to $70k-ish range since late February - even though sure there have been a couple of bounces outside of that range.. so I hardly see anything wrong with the range that we were in as compared to our range in 2015 of mostly below $250-ish or even in 2016 we were still mostly stuck below $450 for the first half of the year and below $650-ish for the second half of the year.. ... and so how should we be feeling that there is some kind of a problem with our current price range... or maybe we could say that we were mostly below $10k for most of 2018, 2019 and 2020.. yeah, we had some bounces above $10k during that time, but not very many until the end of 2020.

Another thing is that we likely have to get used to the multiples or the magnitude of our BTC price explosions are naturally going to get smaller as the overall market cap of bitcoin gets larger, even if the status quo financial tool wielding twats are trying to claim credit for such supposed BTC taming... yeah surely some of them might be playing around with make believe bitcoin..especially over shorter-timelines such as over the weekend or other kinds of potentially opportunistic manipulation times, yet it can surely be risky to be playing with BTC that they don't have. ... and we cannot always know when there might be fall out or if some of the twats might figure out ways to recover from their various price exposures.