Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
It is not helping your own personal situation if you are wanting to spend time hanging around in these here parts, but you cannot even find $10 per week to buy bitcoin?
You think that waiting is a strategy when it comes to bitcoin?
The more you wait, the more you are likely going to continue to dislike yourself, and none of us can help you if you don't want to help ur lil selfie.
I don't know if it's really significant, but two bearish events that could have had some impact on the price didn't seem to make much of a dent.
- Rate hike by the Bank of Japan, yen carry trade unwinding, less liquidity etc.
- Options expiring, max pain point at or just under 100k, market makers should have been trying to move the price in that neighborhood.
Nothing major has happened to the price. Explanations? They said the BoJ move was already priced in. As for the options, maybe the volume was not that big - allegedly over $3B, but whatever...
Does this mean the rising wave is too poweful to be stopped right now? Does it mean anything at all, or is it just meaningless luck?
- Rate hike by the Bank of Japan, yen carry trade unwinding, less liquidity etc.
- Options expiring, max pain point at or just under 100k, market makers should have been trying to move the price in that neighborhood.
Nothing major has happened to the price. Explanations? They said the BoJ move was already priced in. As for the options, maybe the volume was not that big - allegedly over $3B, but whatever...
Does this mean the rising wave is too poweful to be stopped right now? Does it mean anything at all, or is it just meaningless luck?
It means that the cornz no does not stop for nobody, and sure sometimes we are going to get positive or negative price moves based on macro-factors (or news), but BTC's price posture still has to be ready to move in the anticipated direction, such as the DOWNity you are anticipating.
We've largely been in the $90k to $108k range since mid November with an Uppity slope and also a bunch of dumb money that sold within this range who are waiting for the BTC price to go down rather than to go up, but why should dumb money get rewarded merely because there are some adjustments in the liquidity of the macro-space?
Maybe a few more shorters and the dumbies selling too many of dee cornz too soon need to be taught a lesson prior to any correction, which does not even necessarily meant hat $100k will need to be retested, which also may well be a dumb money expectation.
Ripple has been a grift from day one. Mind you, that's most shitcoins. Ripple is one of the most, if not the most pernicious though.
Ripple is a corp-coin premined scam, and always was.--but--
Even if a shitcoin wasn't pre-mined, is POW, and it's devs have/had good intentions, that still doesn't make it NOT completely redundant to Bitcoin. Thus in my mind, everything else other than Bitcoin is a shitcoin.
All these 10 Million+ shitcoins vying for #2, #3, or "# insert position here" is both redundant and irrelevant to Bitcoin's long term purpose.
Since "Bitcoin Maximalist" has become this weird derogatory phrase that's thrown around to discredit/undermine/shame those that are Bitcoiners only, I say we adopt the phrase "Shitcoin Apologist" to label the other camp.
I'm getting sick of the bullshit. #sorrynotsorry
you can pout you can yell and scream but doge has a fixed decreasing rate of inflation which is different than btc’s fixed amount of coins
if you simply accept that and push for btc+doge bsr we move onto a solid well backed by asic gear pow bsr setup.
or wait and hodl your btc and hope it all passes in four years.
How can you love doggie coin so much and get distracted into bullshit proclamations regarding such shitcoin?
Maybe I should not ask?
It seems to me that any shitcoin attempting to prove itself as a meaningful competitor or compliment to bitcoin has to burden of production and the burden of proof to overcome that it is somewhere in the category of at least 10x better than the thing (in this case bitcoin) that it is attempting to overthrow or compete with.
Sure any shitcoin can try, and if you are accepting shitcoins that don't meet their burden of production and/or burden of proof, then it seems most likely that you are going to have to just keep having fun staying poor... to the extent that you are so dumb to actually believe half of your own nonsense.
In regards to your precious lil doggie coin (and your distraction), I am pretty sure that it was designed as a joke with a lot of its features being as much the opposite of bitcoin as it could be, so you really have to be a sucker if you believe designing a shitcoin as contrary to bitcoin is a good start towards actual sound money.. just the basics of not having a cap causes it to not be sound money because it is not scarce. But, yeah of course, you are so deluded that you believe that a bitcoin needs to be easier to transact and it should not have a cap.. so therefore doggie coin complements it.. Almost retarded to even outline factors that would support the level of dumb that you need to conclude that doggie coin has any value beyond its being pumped by delusional nutjobs, apparently similar to yourself.
I basically gave up on the BSR idea already...
Jack sounds hurt, but after a "name" coin drop this seems like a logical possibility.
BTW, bitcoin does not need a "reserve" and it is 10X better NOT to be in a "name salad" kind of reserve.
The 'brand' might be affected if we are.
Perhaps, bitcoin would win slower by the looks of it, but it would win the field regardless..in due course.
In retrospect, the fact that Gensler "inhibited' s-tcoins might be looked at in a different light at some point.
Jack sounds hurt, but after a "name" coin drop this seems like a logical possibility.
BTW, bitcoin does not need a "reserve" and it is 10X better NOT to be in a "name salad" kind of reserve.
The 'brand' might be affected if we are.
Perhaps, bitcoin would win slower by the looks of it, but it would win the field regardless..in due course.
In retrospect, the fact that Gensler "inhibited' s-tcoins might be looked at in a different light at some point.
Sure each of us can have our opinion and we can try to argue and persuade how bitcoin is used and not used, and bitcoin is going to be used in all kinds of ways that we like and that we don't like. And some of those usages will cause BTC's price to go down and some will cause it to go up, including when certain parties fractionally reserve bitcoin or claim to have bitcoin that they don't have. Maybe they will get a dollar bailout, but it might get pretty expensive for some folks to be fucking around with paper bitcoin that are not backed up by actual bitcoin.
Regarding Gensler? Who knows? Maybe history will see him in better ways after "we" go through some liberal acceptances of shitcoins deserving to be allowed to "innovate" blah blah blah.. Of course, I don't consider various kinds of USA governmental friendliness to bitcoin to be without a lot of potential problems, so surely people will get confused between bitcoin and shitcoins or even consider that stable coins (that are not open source and pegged to bitcoin) have a potential of being very close to a CBDC, just without as much obvious governmental oversight.. but instead back doors and the kinds of controls of locking, blocking and surveilling of transactions..