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Topic
Board Speculation
Merits 4 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 30/01/2025, 04:01:53 UTC
⭐ Merited by cAPSLOCK (3) ,Biodom (1)
You think that guys holding dee cornz should sell all of our coins or most of them?
Probably he who sells first sells best.

You already sold, though, right?  Or you failed to buy, right?
So you don't have our current dilemma, and you might not be very good to advise on this topic since you don't gots no coins.
Yes.  I have decided. 

I will give most of my corn to my progeny.  And they will do whatever they decide.  One I know will hoard them.... and likely pass most down.  But in the end they will find their way into the stronger hands...  And those will not all be of family cAPSLOCK.  Because those that spend them will spend them.  A great irony.  Who is wise?  The person who holds?  Or the person who buys temporal things?  We are all temporal.  So what do we save for?  So that the following fools might squander?  Or... save?  Again so their heirs might spend?

I cannot answer the question. Though it is clear what decision I have made.  I have Bitcoin enough to ride out my life with no effort.  And yet I go on as if that is not the case.
I suppose my children will decide...  Who is a weak or strong hand?

What is a strong hand anyway? Someone foolish enough, as I have been, to be satisfied with the security that having it gives me?  With no need of buying all that much?
Ehh who knows?

But for all of you... ha... I have a gift planned.  No... I will not give you my bitcoin directly. But a certain amount I will not hand down... consider THAT a gift.  From some ridiculous... somewhat mentally unbalanced... mostly fool, slightly genius, idiot... who has loved many of you for some time.
Quote from: a magnificent fool
Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.

It sounds as if your plans to leave are NOT in the too distant future, which surely has a bit of a sad undertone, even though none of us are immortal in any kind of a meaningful way, since it seems that AI will likely fail to capture our essences, while that is at least my sense of those of us who seem to be mostly human (or maybe all human and just with a bad image?).

Hmm.
I have long waited for the crypto apocalypse.
But as of now?

Is not coming. We are about to enter the biggest explosion of shitcoinnery. Lol.
Mark my words. And I hope im wrong.
But the whole world is going to have to get rich and scammed and rugged over and over on the way to understand.

As it has always been.
As well as very very powerful people apeing into to stable coins and the like.
Ingesting times.

Oh. Bitcon is going to melt faces. That too...

You are not wrong, and surely those of us who are able to stay focused are likely going to be in a better place than the various shitcoiners, and likely the "insider" shitcoiners will still end up coming out o.k.. while they are fleecing retail.. .. but what else is new?

Some normies are going to figure out that bitcoin is the signal, so not all of them will end up being duped.    We  are largely saying similar things, you just seemed to emphasize the negative angle with a kind of expectation that humans have potential to human better, but that seems a bit of a hard bar since we are surely all flawed and gullible in various ways that end up getting exploited.. and even a lot of very smart peeps get sucked into some level of exploitation by the misinformation and disinformation.

I don't have any exact solution regarding how to help to save people from themselves... it tends to be a kind of process and a kind of way of the world in which we live, currently..   Maybe I am just saying that change takes time, and some eggs are going to get cracked along the way of eating a yummy omlet.

[edited out]
I don't think so..we already have 36 mil of them.
What would happen instead is that some would become "oligarchy" coins that would be foisted on populace by the banks and investment firms, starting with some currently known names that were already discussed here.

I am afraid that bitcoin's message could be potentially diluted going forward.
I am keeping bitcoin intact, but would be looking at other opportunities if they come along.

From the look of it, we should expect higher prices on goods in the next 6 years, unless AI would bring in salary destruction on a massive scale.
I am quite interested in T. talking about no tax on income.
This might be because there will be DRASTICALLY less income soon, perhaps, so gov has to find money elsewhere?

Apart from your proclamation to seek out shitcoin opportunities, you make some decently good points.

Bitcoiners should still be in a good position to weather out higher prices of 2x to 3x-ish in  the next 6-8 years, investors in other assets will vary in terms of their abilities to keep up in real terms.

I am  likely not enough of a visionary to consider the ways that AI would be culpable of fucking up jobs as much as it might get blamed for other irresponsible aspects of governments that interfere with world-wide markets and incentives to work in a variety of ways that AI would not quite be ready to fill.  I suppose there could be some value in attempting to study these kind of impacts more, yet the elephant in the room likely relates more to various government money systems and various ways that free markets do not exist, and surely I don't even know the resolution to those kinds of matters since there is always going to be interplay between labor and capital and some aspects of trickle down does likely work but also workers are going to have uprising too if there might be lack of sharing of company profits. ... and I am not even claiming to know the solution to these kinds of tradeoffs that may become even worse during periods of unrest. 

I have doubts if Trump and his various team members have all (or even most) of the answers, at least from the USA angle or how whatever the USA might do in light of world ramifications, either.

[edited out]

You are likely not wrong in anything that you say including that there are going to be KYC channels that are pushed and preferred, but direct transactions still exist and there are still people working on ways to directly transact.

yes, we have problems with tax treatment that discincentivizes direct transactions and other attacks on self-custody and software development.

Yes.. I understand it  all is not going to be magically resolved in any kind  of quick way, and battles are going to continue to be fought.. and I don't even want to get into any of your specifics, which again none of them are really wrong, except perhaps your seemingly futile (overly pessimistic) undertone.   Tongue Tongue

NOSTR is a great place for you to be expressing your views (and I likely have to get there sometime soon-ish), including questioning the extent to which Jack Dorsey is pushing KYC or non-KYC interactions.  I don't see Dorsey as an enemy, even though his bitkey is not really a very great wallet, even though it purports to  be.

By the way, you did not quite say that stable coins can be a kind of backdoor to have a CBDC without calling it a CBDC.. so I thought maybe I could add that point to the extent that you did not seem to highlight the problem of that angle.

Maybe someone else might want to weigh in on whether or not it is bullish for the President of the United States to be selling Bitcoin watches. While this is just another money making venture put on by his crypto team that he probably isn’t even aware of, it sure seems like a good sign for those of us who have been stacking coins.


Of course he is engaging in a kind of affinity scam... I am not sure how it can be stopped, but he likely is going to spark a lot of ethics investigations, and the backlash might not be helpful in regards to his being able to accomplish some of the more meaningful policy kinds of pushes, at least related to bitcoin.. and some of his other stuff can be quite divisive, but what else is new when it comes to that cat.. pushing limits and frequently going  beyond limits as a kind of negotiation position that might end up blowing up on him if he is not able to reign some of it in enough.