Alot of places in the world you don't really need the car as much, it could be superior to be able to travel without needing to own it permanently.  Certainly I would agree to swap an appreciating asset for depreciation and taxes is not a good deal if you can avoid it but some will argue the car enables work and many other things so is justified, just avoid finance is for certain.

September seems like it will be positive at least, 114k then 115k to prove and if failing that badly then perhaps the negative extrapolation to October would be fair case scenario.
   If we break past the 50 day average and make for an improvement such that the 50DMA is turned into positive ascension again inside of this decline then we should be changing our mind.   First this time then we'll get some proper directions as to the future near term.  Further out I believe BTC  will gain more but needs confirmation.

Its a fair point, failure to the downside can be inversely bullish.    If we cant go down then many will try some bullish trade.   Failure to the upside definitely appears at times and spotting it before the bigger the sell can be useful to say the least.
   I'd say weeks more then just days matters, also I drew in 108k but its close enough its the same if you draw with crayons it keeps things simple

So I got 2 points here for this place of possible significance, days complicates and its not as clear a picture.  Keep it simple stupid is my preference.  So 2 pts of interest to note recently, 5 pts we near to 108k in spring into summer and it was at that time finding a ceiling of resistance and we eventually broke through.
  The constant attempts to break up there resolved bullish, we broke the ceiling so here I have to watch we dont do the same in reverse and break downwards.  Got to consider the negative remains possible still.

Defining bear market by 15% or similar move is an attempt to be too precise and quick to judge.   15% can happen in a day is the Bitcoin Im more familiar with which makes me think trying to judge it so finely is going to lead to false conclusions.

BTC could pull back the entire month of October and I wouldn't especially believe it to be negative overall.  Price to me is a secondary indicator of strength it matters but its more of a reflection of strong factors elsewhere, price is decided in the market by bids and offers and if it just so happens on one day everyone turns the same direction then its a big sell the price will move alot but it doesnt have to mean more then any other price being correct or not, we can assume too much certainty in a price imo & prices can be inaccurate.

I dont feel there is alot of pressure in the price at present.    Some might think BTC has reached a peak but doesnt seem to be a majority.   We have a double touch of 123k pricing but still it does not appear to be a long term top, the decline from there has been quite calm over time.

Addiction doesn't suggest earning anything from something that is controlling you instead of vice versa.  Also it would suggest some delusion where any chance to make money from gambling must be done carefully and knowing where your edge is and when to stop, none of that is about being lazy but excessively cautious most of the time which is close to work not for fun.
  You summed up why at the end, they got some easy money and its hard to not just want that path when its very hard to stay lucky.

There are bad bets where people are certain they will win because the odds are bad and its not even worth betting at that point.  The reason being its always possible to lose, if everything has entered thinking they cannot lose the odds become easily a watch only event.   
  I much prefer the idea of value betting, small amount on a slim chance can be just as entertaining if not more.   It does depend if you like an underdog winning against all expectations, I personally like to see the unexpected so its not just money to me.  Dead certs are almost a classic meme as a mistake

The tide is more important then the waves.    Its not a negative bit of news but Iam more interested in the overall movement and growth in Bitcoin rather the government measures.   The best thing is to develop the infrastructure of your nation and capability of your citizens so they naturally are able to engage technology overall and also with Bitcoin.
   Enabling people I would rank over the typically massive central government measures that make the headlines.  Big numbers, big speeches big moves and dramatic declarations but I much prefer the small iterative and cumulative growth that could occur with Bitcoin that to me would amount to more.   Any government can buy or aquire BTC and then in the future they could sell it again as many governments are not rich just taxing their nation and spending it.

  I rank the people over the government to put it simply, Im bullish on people's use of BTC far more then a centralized body such as large government, maybe local measures could be the real growth imo.

Theres going to be a balance to that argument, ease of use will rank highly as I dont want a fiddly method to withdraw or usually time to clear is important and reliability, waiting forever for the transaction would rank higher if it stops me completing where the money is needed its going to be a larger problem.



Useful to know, it can be tricky to track down a stream especially if you are away from home at work or other pointless distractions :p   Can my phone handle 1080p stream is a maybe, I'm willing to test the challenge though 5G is highly variable where I live due to many hills.

112.6k is the level I was going to call yesterday very roughly as a level to beat.  This would be the BTC price for the prior attempt iin this area to arrest this fall and recover upwards, though it failed it would be a good place to trade above and hold as new support.
   We are under the 50 day average so medium term there is the threat of developing negatively, the weight of justifying positive sentiment and ambition upwards  on the graph is on the burden of those bullish.

Reminds me of a commodity economy where revenues can be lopsided and the government inefficient in the ease by which they obtain this income vs normal business which requires far more finesse in managing the economy.

The thing is the faucet at least here was always low.   There is pictures of a faucet from the days at the start of Bitcoin where it gave out 10 BTC sometimes but the big thing to remember is there no monetary value only the idea of it as a token, the value all came later.   This whole thing is almost forgotten now as new people outnumber greatly the original experimenters but faucet wise it was always a lose amount.

I can only remember when it was maybe 300 sats but that was still a tiny fraction back then and nobody cared.   I referred a few people I knew, they lost interest after a dozen uses of the faucet as it takes alot of patience.   It does also scale on use etc.    I was very lucky to get some comp use of a faucet in ETH in its early days so I guess I kind can glimse how i t was in BTC too.

I can remember when they wouldnt include Apple in the index, I think the reasoning was the shares werent fluid or circulated enough. Some argument like that, they just didnt like the make up and holding of the share especially I guess.
  Also everyone thought Apple would go down or half or more for a long time and its why I bought it as it was paying a dividend etc. and no reason not to own and I dont even like their computers.

So there is a good chance of it being No simply because many will believe the shares could halve in value quite easily.  Also look back a year, it was half the price back then so they dont like volatility typically.   Fast in and fast out is something they are trying to avoid I suppose, it would be considered a mistake if that were to happen.

Customer is king, if only because they represent cash flow.    You can get finance from a bank but the bank is going to look at whether you have the sales, have the orders to ever justify a loan.

Money is not power, power is power !    Seriously we have to put a warning sign on any discussion of modern money at least, since its a promissory note and of variable worth at best.
   Since the current system relies on politics more then money its advisable to own real things over bonds and debt of even major governments.

Time is the ultimate measure not money imo because money is relative not a fixed absolute.   Betting according to money and how much feels enough is like trying to win a race on a treadmill.  It will never be enough and you risk taking greater risk to feel the same as your previous wins did.
   Treating your gambling like a game, only allow so much time to play that game and take the money as a side issue not the whole purpose.   Money is very ironic, I would avoid making it the centerpiece and gravity to your  enjoyment of playing.

That might be the case in the most extreme measures and even with those laws, gambling will occur in those countries just not legally.    However the majority of bans for gambling is not for religion but for tax and debt reasons, governments dont like competetion and banning gambling outside of the offical government lotto or similar taxed heavily controlled business that serves government is the most common reason for harsh laws or bans on gambling.

BTC price about doubled, the idea its gone or going nowhere seems delusional to me.  Its not the chaos I remember of previous bull runs, its more of a jog is  fair but its travelled a long way and BTC is still far more volatile then most assets despite being wildly traded across the market so it remains a stand out asset really.


I love that someone would say that, the opposite is far more likely as great transition occurs.  Things like free energy could occur within 50 years I think we're pretty close to that, distribution of that energy would be the cost or charge to use and storage but the world is not hinting at being stagnant how could someone say that is funny to me

I guess it matters as a precedent but Im more interested if Norway did the same thing because they have gigantic foreign reserves spare to invest.   Instead of a national debt, the country has gigantic wealth so their reserves would be considerable if directed towards Bitcoin.
   I believe Norway has about a fund of 1 trillion and the country is 5 million people pretty small but with alot of oil so they saved it with the idea the commodity wealth wont last forever and it must be invested; possibly the best government fiscal policy in the world.   
  Philippines also great they would do this but few countries have alot of spare resources to invest, mostly we are all trading back and forth debt and relying on trade alot.

Rise from support right now and back positive on the weekly average.    Best way to judge it is by the reaction and stability in the gains, so it must be stay positive movement above the weekly momentum to have any real chance imo.