FTFY... So far our bottom is $15,479 on 11/21/22 - and so yeah, you may well be correct that it is already difficult to get the bottom to go down further, even though there seems to be a lot of desperation in the air, trying to achieve such further bottom, yet for me it continues to be difficult to assign very high odds that the bottom is actually in, until we can get some distance from the current bottom... so therefore, I cannot even get beyond 50%.. because the assessment is that we are in a bear market, we continue to be in a bear market until we are not... .. yet we ONLY know that we are no longer in the bear market when the odds for down get lower than 50%.. so.. how to achieve that kind of a confirmation remains a 2.1 quadrillion satoshis kind of a question.

Don't listen to me.. I will believe it when I see it, and you are not going to find me to be brave enough to actually make a claim about the future shows bitcoin prices going up that is anything more than 49%.. until we can extract our lil selfies into greater distances away from the current local bottom...what is that price?  I don't know for sure becuae it seems to be a product of both price and time, so merely getting above the 200-week moving average (wich is currently at $24k would not even be enough for me.. even though getting above such 200-week moving average would likely inspire quite a bit of confidence... getting above the 100-week moving average would inspire even greater confidence, but that 100-week moving average is currently at $38k.. so that seems like asking way too much confirmation in order to feel like we are returning to UP and that the bottom is "in" for this cycle.

I'd say maybe a little older. He wants validation.... like we all do.

your answer above would be way better than his.  I feel he needs some media training ...or a JJG bot 

Lookie uie..

Bonding with your favorite butt buddy.. aka cryptotourist..

hahahahahahaha

I am blushing by merely witnessing such public display of affection..







and, no... I am not jelly.

 


Yep.. truth of the matter is that paper bitcoin will be hard to eliminate complete.. even though it is likely people will get burnt, and burnt and burnt when they do not adequately protect themselves during circumstances in which paper bitcoin are "at issue."

Look: you, me an OgNasty can go out for dinner and fun on the town, and then the bill ends up being 1.2 Bitcoin.. but we decide NOT to pay it all in full at the moment.. so maybe OgNasty covers for you and me, Gachapin.. and therefore we each owe him 0.4 BTC.. and we decide to do payments over the next 4 years... or maybe 2 years?  who knows?. we can figure out something... but in the process of agreeing to our paying back the guy with the BIG bucks (aka OgNasty), then we have created 0.8 BTC.. but hey, if we settle our bill in 4 years and pay back Ognasty for all the fun that we had out on the town, then we are back to normal after we pay him back.. and who's going to stop us from entering into such an arrangement if we all agreed to it?

Could be.  But CZ is no dummy, even though I agree that clip makes him look not so smart.. and the clip is also being misread too, so I am kind of thinking that he might have gotten caught off guard..  

By the way, I think that even really smart people can get caught into weird positions and situations and they say dumb things.. so sometimes any of us can be smarter than even the greatest of geniuses when we are Monday morning quarter-backing or even if we are seeing that a situation is running out of control (like a run on the bank in relation to Binance that is likely not going to end up in a crash, but who wants a run on the bank anyhow?... even though there are probably ways to take advantage of runs on the bank, too.. including short-squeezes)..  

For example, I think that Saylor is way smarter than me, but I have seen him do and say some pretty dumb things that he has had to walk back.. even Adam Back.. hahahaha.. I am not going to claim to be smarter than Adam Back, but I have seen him say some things that were not really very smart.. so maybe any of us can do it.. especially if we might have worked through a topic or even specialized in a certain area, and then we see smart people who are not very versed in the area of our specialty.


FTFY

 


You got a good point.  Touché.


You might be mixing up "jelly" with "spineless".  Those are similar concepts but different in reference to context.. like how this here cat had used "jelly" in that there previous sentence..  

Of course, we are free to make almost any contract even to our disadvantage, and we are free to trust each other or not.

However when customers buy 1 Bitcoin and they agree with the seller (exchange) that he'd hold it for them, that doesn't mean that they agree (or even know) that the same 1 Bitcoin is sold to several other people as well.

In comparison: Banks do fractional reserve too. But there is public reliable info that they do it, and that they even have a legal permission to do it ... fwiw
So you knowingly agree to such terms when creating a contract with them.

With exchanges though, I estimate that none of them publicly admit to do fractional reserve although many of them certainly do.  So they never disclose it to their contracting partner, which turns it into some kind of legal or at least moral fraud (depending on local laws)