Quote from: philipma1957 on June 05, 2025, 05:00:21 PM

Quote from: JayJuanGee on June 05, 2025, 01:45:50 PM

[edited out]

we are doing flatter jumps. or longer shallower steps up and down.

likely the 2 trillion cap acts a bit like an iron to flatten moves.

I will agree that it likely takes more capital to move the bitcoin price since the BTC price is higher now than it was previously. .so for example it takes 10x more capital to move the price at $100k as it would have had taken to move the BTC price at $10k.. yet at the same time, we likely have 10x more capital coming into bitcoin, and markets are not really used to strict supply, like bitcoin has, so surely a lot of them may well be fucking around with fractional reserves, yet some of them are going to get caught on the wrong side of such trade (manipulation attempt), and so then they will either get fucked or they will have to get some bail-out from someone or some entity that agrees to bail them out (which in the real world.. except maybe to cover up matters, no one will bail anyone else out unless they are going to get some windfall out of it).

Another thing is that even if the upward slope of bitcoin's price is likely becoming less steep with the passage of time, bitcoin still remains both the fastest horse in the race and likely going to be beating the fuck out of all other assets, including that within the next 50-200 years it will likely have to get somewhere in the ballpark of 1,000x or more of gold's market cap, whether that is through bitcoin price rising or gold's price falling or some combination of both.

I am not really disagreeing with you, even though you likely realize how much I disagree with some of your being more bearish than what I believe you should be or maybe more loving of the dollar than what I believe you should be... which seems to result in more hedging with the dollar than what I believe to be necessary or within the self-interest of any of us, even an old fart like yourself.. not that you are older than Jimbo.. .. hahahaha.. and I am not even trying to pick on old foggies, since I am plenty old my lil selfie... but I am just picking on nuances of bitcoin versus fiat perspective as it relates to investment portfolio management.

Quote from: philipma1957 on Today at 02:37:13 AM

we did 103 and change for june 5 and we arestill hanging in at 101k at the moment.

but June 6 is much closer to a 99,999 close as we are averaging around 101.3 for tha day as of now.

Yep.. we can probably say that was a pretty robust test of $100k.. and sure, it may well not be over... so we will have to see if $100k gets tested again or if we might be able to resume up...

This weekend is "critical" ^tm