Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 24/05/2025, 17:45:22 UTC
There is no need to give up so easily.  Each of us likely has abilities to put our coins into private placement and also to figure out networks to transact directly with others rather than giving in to having to have our transactions channeled.  
You got me. I was kind of seeing the future as bleak.
It seems like the government are slowly influencing what people perceive Bitcoin as
Though not as an enemy but as an asset that grows like Gold
Hence why they push the narratives of bitcoin been digital gold.
I'm not surprised about this and even consider it smart but many don't even know or care why Bitcoin is Bitcoin.
I'm not against ETF and the opportunities it brought but I think it opened the government eyes to a way.

Many of us are still getting used to bitcoin, and it is a bit of a moving target, so yeah there will be ongoing pushes to put all of us into KYC channels, yet the non-KYC channels are not completely closed, even though there may well continue to be increasing barriers, yet we do not necessarily need to be controlled by the barriers and the channels that financial institutions, traditionally rich folks and/0r governments may want to place us and/or keep us.

Lets talk tariffs moonboys  Roll Eyes
It looks like a new buying opportunity is being created. Not only for Bitcoin, also for the stock market.
You buy stocks?
Taxes (or better: tax deductions) force me to invest in pension plans. Some diversification to reduce all-eggs-in-one-basket isn't bad.

I understand the lure of the tax deductions and even possible employer matching within retirement plans such as 401k.. even though your retirement plans are likely different from the ones available in the USA and surely not everyone has access to various retirement investment funds.

I am thinking that I would have had been distracted if I was still contributing into my 401k from 2014 and thereafter, which I was not, and so bitcoin became a substitute for my 401k contributions that no longer were available to me at that time.

There can be employer matching up to 5% or something like that, and depending on income there can be tax benefits (deferral) up to $23,500 per year, which surely can be tempting to get the tax deferral up to the limit, even though it may well be better to invest into bitcoin rather than receiving the tax deferral benefit.

How many days can we within see at 70%?


Bitcoin dominance is not really very relevant in these here parts even though shitcoiners love to use such bitcoin dominance metrics (to the extent that they are not made up figures) to trade shitcoins or even to bounce between trading shitcoins and trading bitcoin..

[edited out]
Another thing is that, the approach of selling off Bitcoin with intentions of buying back at a much more lower price is purely gambling. It's not as if there aren't people who actually gets away with it, but you know, just like gambling, it's purely about luck, and if you're not lucky, then you end up losing and missing out on potential opportunities thereby defeating your aim and purpose for selling in the first place.

From my perspective, for anyone who had reached an overaccumulation status, then such person would just sell from the overaccumulated portion of their holdings and not necessarily sell any bitcoin with any expectation to buy back cheaper.

Best practise is always keep your Bitcoin under your own custody, never go for exchange. That's the simple and best practise.
There still seem to be a lot of people buying and selling their bitcoin through exchanges, so surely it is likely best that any of us who are using bitcoin should keep considering possibilities to support any businesses who accept bitcoin, and also there may be ways that we try to interact with our neighbors by using bitcoin, though surely so many of us likely are not engaging in neighborly commerce in these times... so surely easier said than done, even though there still can be opportunities from time to time to directly interact and transact using bitcoin.

I also sometime have to go through exchange to convert my Bitcoin into fiat because of tight Bitcoin regulations in my country (Pakistan). But I never store my Bitcoin on any centralised exchange, just use the exchange whenever I need some conversion. For long term storage, your self custodial wallet is best option.   

It is problematic to create a bunch of small UTXOs - hopefully people understand the issue, especially if they are poor and they are creating a bunch of $10 to $100 UTXOs, it can become quite problematic for them at various times in the future.