Quote from: avp2306 on Today at 08:42:51 AM

Quote from: JayJuanGee on February 08, 2025, 06:32:56 PM

Quote from: DeathAngel on February 08, 2025, 01:12:48 PM

I really wish they’d announce it, I am a little nervous they’re not going to do it. Feels like some people were really banking on US Gov announcing this & maybe that’s why price is down a bit & struggling to reclaim $100,000. Trump needs to stop talking about tariffs & tanking stocks & Bitcoin too. Hopeful but not confident they will announce an SBR. Feels like we’ve been conned a little bit.

Bitcoin does not need any SBR, and so it seems problematic to be thinking that bitcoin needs SBR. There can be various kinds of rug pulls and/or even attempts to manipulate the bitcoin market, and longer term bitcoiners should already be used to this and even expecting manipulation on a greater level than previously. They are likely not going to be successful in their various manipulations, but that won't stop various manipulation attempts from happening from time to time.

This provably one of the concerns for having SBR since those who hold more volume could be dominant in the game. But hopefully those manipulation will not gonna happen and no one would sabotage each reserve to create a downfall for other country and other people who hold Bitcoin.

But we don't know yet the actual effect so let see what's going to happen if those SBR plans would came true since the next thing gonna happen with this is provably lots of people are speculating for great price changes due to those rising demands will happen.

So lets think positive on this and hopefully Bitcoin Reserve plans would bring positive result and not bring any disaster on Bitcoin.

There is no reason to think positive.

Bitcoin prices are going to do what they are going to do, so yeah, if you believe that your thinking positive is going to help you feel better, then that is your choice.

Anyone investing into bitcoin, or anything else, need to attempt to prepare himself for a variety of scenarios, and if you believe that your thinking positive or not has anything to do with outcomes, then you can live in your own little fantasy.

There are things that each of us can do that are within our control, such as various ways that we manage our cashflows and how we choose to invest into bitcoin (presumptively accumulating bitcoin until we have enough or more than enough). Many guys on the forum are still in their early BTC accumulation phases, so they have to keep on accumulating bitcoin, which accumulating bitcoin and managing their cashflow and figuring out how much to bitcoin to accumulate (and how to do it) is likely their focus... perhaps for 4-6 years or more (unless they are able to front load their bitcoin investment)

Since you have been registered on the forum about as long as me @avp2306, then perhaps you have reached a status where you are no longer in your bitcoin accumulation stage because perhaps you have accumulated enough BTC or more than enough BTC, so surely it could be the case that you are in a different position from many of the forum members who are still considering themselves to be fairly early in their BTC accumulation journey.

Any of us who have been in bitcoin for a while and maybe we have mostly accumulated enough or more than enough bitcoin, then it may well be the case that we have already frontrun the governments, institutions and status quo rich folks who are ONLY recently coming to bitcoin and likely those governments, institutions and status quo rich folks are going to make similar kinds of mistakes that a lot of us might have already made, and so the mere fact that they are fucking around with bitcoin and perhaps trying to play bitcoin or to manipulate bitcoin does not mean that they will be successful and it does not mean that what they are doing is any more unique or interesting as compared to past manipulation attempts, even though they are BIGGER players.

Hopefully none of us are overly lulled into some kind of belief that our bags are going to be pumped without ongoing battles of misinformation and manipulation and various creative attempts to shake coin holders out of their coins. In other words, you can think as positively as you like, and hopefully you do not end up getting fucked because you failed/refused to prepare yourself financially and/or psychologically for actual things going on in the world rather than just hoping for good outcomes.

Quote from: Taskford on Today at 12:54:02 PM

Quote from: JayJuanGee on February 08, 2025, 06:32:56 PM

Bitcoin does not need any SBR, and so it seems problematic to be thinking that bitcoin needs SBR. There can be various kinds of rug pulls and/or even attempts to manipulate the bitcoin market, and longer term bitcoiners should already be used to this and even expecting manipulation on a greater level than previously. They are likely not going to be successful in their various manipulations, but that won't stop various manipulation attempts from happening from time to time.

And this concern of Arthur Hayes had a valid point.

Quote

Let’s assume that Trump is able to create a BSR. The government buys one million bitcoin, as suggested by U.S. Senator Lummis. Boom! The price goes nuts. Then, the buying concludes, and the up-only trend channel stops.

Source where to read that https://news.bitcoin.com/arthur-hayes-warns-of-bitcoin-crash-if-us-creates-strategic-btc-reserve/

So better pay attention with their plans and try to see some effects since if they are just there for manipulating the market then provably that we cannot really experience any good growth with that possible actions they made.

I am not sure what point you are making @Taskford. There are already a variety of BSR proposals and some of them seem to be more open like CSRs and variations, but many of them seem to have bitcoin components, so that would continue to put upward pressures on BTC prices, but even if there is ongoing upward pressures on BTC supply, that still would not mean that BTC volatility is going to go away, and that there won't be continued an ongoing battles in regards to on and off ramps for normies (retail).

Quote from: Free Market Capitalist on Today at 02:29:51 PM

Quote from: JayJuanGee on February 08, 2025, 06:32:56 PM

so for example if the USA puts a SBR in place but they keep spending like drunken sailors, then it is difficult to see how any SBR would bring any benefits if it is indebted way greater than it's quantity (aka fractionally reserved or rehypothicated).. Sometimes when governments have resources they exploit and encumber them and even over encumber them.. that is what they do...and difficult to get out of such bad habits that fiat/debt systems have been rewarding for so many decades.

It does not appear that this will be the case in the short term at least. In the medium and long term I doubt it more.

Still to be seen how various kinds of reserves are established, whether federal and/or the various other states and other countries, and so sometimes the ways that other governing entities are treating their BSRs can motivate competitive kinds of improvements so that many may likely realize if they fuck up, then they cannot print more coins, even though they can enact various kinds of draconian ways to try to steal bitcoins from others, whether relating to laws around confiscation or other ways. Governments have become quite problematic in their various levels of conniving even though they are supposed to be acting in the interests of the people they frequently abuse their own practices, and don't even accept their supposed role to be empowering the public rather than leeching off of the public in various convoluted and concealed ways.

Quote from: Soft Crem on Today at 06:10:38 PM

🇺🇸 PRESIDENT TRUMP: "#Bitcoin stands for freedom."

NEXT 4 YEARS ARE GOING TO BE WILD 🚀
https://x.com/TheBitcoinConf/status/1888564366892490843?t=zu6X7bN4_v1d0t_X0ljHMg&s=19
[imghttp://[edited out viewability]height=520 width=2048]https://www.talkimg.com/images/2025/02/09/e9QC5.jpeg[/img]

Take these representations from politicians (including that dweeb Trump) with a grain of salt.

Also you have a bad habit Soft Crem of fucking up your images and presenting distorted images.. especially you see that your image has "height=520 width=2048" which largely your width is causing distortions.

You see my image as compared to yours? Which one looks better?

In the hmtl tags, all you have to do is remove one of the measurement variables, and then resize the remaining one to a reasonable size for whatever image you are presenting.. so that your image does not come out as distorted. In the case above, I completely took out your width=2048, so then the forum software will automatically size the image to its original size. I also changed the height from height=520 to height=220 to make it smaller.. You can choose whatever size seems somewhat reasonable depending on whether there might be something that needs to be read within the image or if it is just a picture of a person you can choose size depending on how details might make a difference, but smaller tends to be better, unless there is some readability question or something that you might be wanting to emphasize in your presentation of the image.