Doesn't seem that bad to me, especially if we compare to where we were between about
September 2022 and even up until mid-January 2023.. Also if we compare it to where we were at for the vast majority of BTC history prior to December 2020, doesn't seem bad relative to those prices either.. so 2.25 years later? or might I suggest more than 2.25 years earlier.. and surely we are currently "in the money" and decently so.. and that is not even a very long time horizon in terms of seeing such decently good profits, either.. relatively speaking.

And, I am not even suggesting to take profits in order to rest on such laurels for those of us who have been in this asset class for quite a few years longer than 2.25 years and had done the vast majority of our BTC accumulation prior to 2.25 years ago... So in that regard, those of us holding BTC that had mostly been obtained more than 2.25 years ago seem to be sitting quite pretty... and surely who the fuck should realistically be thinking that it would have had been inevitable to get richie on investing into something like BTC if they had ONLY been accumulating mostly 2.25 years or less.

Another angle would be for those who started accumulating BTC starting in about mid-2022 or so, those newbies would likely be in a decently good position too.. even though the DCABTC site is showing them to potentially be under water.. but still seems good to me (this is not financial advice, but surely my opinionenings) if they had a bit of persistencies in their BTC accumulation strategies (and perhaps even aggressiveness in their BTC accumulation practices).. at least it would seem so to me, even if perhaps they would have been underwater currently.. but still able to accumulate BTC at a better price than if they had started to accumulate January 2021 until present, for example..

But hey, I am not really the kind of person to be complaining about the mere fact that any investment like bitcoin might be under water in the short to medium term, especially given its seemingly ongoing upside potential.. and surely no guarantees to even get out from under water.. but surely there could be ways to continue to be persistent in terms of investing in bitcoin and have good chances to both get out from under water and also to be able to get into the black (and stay there) in the future.. again no guaratees in regards to what to do? what to do?   

Right I get that. But as I said btc could go to 100-500k and do it quickly.

As I type the possibility that the gear is in place and ready to attack is not very high.

But
2017 19.9k
2021 69.1k
2025 200k why not and at this moment how much gear is in direct control of China 🇨🇳 Russia 🇷🇺 USA 🇺🇸

governments. We dont know.

Remember the hashrate attack done in 2021

a 50% drop in mining due to a Chinese mining ban.

How about right now Chinese government direct controls 20% of all mining gear.

They could slash the hashrate by 20% on day 1 of the 14 days.

In fact there is evidence this is being tested as I type.

I will post a link.

 

so is it more likely variance or testing of a reverse hashrate attack

DO NOT POST SESC LINKS

here it is due to the bold above.




now look some more just 200 blocks later





and almost back to normal

it appears to me a huge amount of hashrate is in the hands of 1 player and that this is an example of a possible reverse hashrate attack.


the math that would allow for the network to be at 72% at block 65 then up to 96% at block 269 is very high long shot.

the simple conclusion is someone can turn as much as 33% of the network on and off at will.

as little as maybe 20%.

So simple add to this capacity  most likely China because they build most of the gear.

Then do a reverse hashrate attack when ever you please.

How would you like btc to be 500k in 2029 and the networks drops 65% of its hash on day 1 of the diff adjustment.

BTW I have seen these very deep early drops during the first 100 blocks of a new 14 day period on more than 1 occasion.

Maybe or maybe in 2056 or 2072 a frozen coin rule is done.

Any account that has not made a withdrawal in 60 years must take some coin out or it is fed back into the reward system as lost currency.

if it is 2072 and btc is 1 million dollars with 1 million coins frozen from 2009 to 2012 I could see this happening.

But I would be 115 years old to be able to see it.

I don't think you'll see it. And that's not because of your age.

That's Craig S. Wright's kind of thinking... Won't happen.

Exactamente!!!!

We know that there are people in the bitcoin space (or bitcoin adjacent space) who are quite detached from reality, but they spout out their version of "facts" and "logic" that are hardly attached to reality, even though dumb fucks (gullibles) seem to have some willingness to follow their bullshit (perhaps quite a few people live in a fantasy.. or maybe it does not take vary many.. 1% or so of dumbass retards who love to follow narcisistic people who act like they know everything - CSW -, in order to make a ruckus?).

err seems to me the most important thing is that phil you, me and most here, is this: we are still in the game. thats the main goal. we all have btc. profit, while fun, is a bonus.

stack sats. one way or another, just get them and stack them.

Fair enough that there are different approaches.. including staying in the game is a very good outcome for any of us who have been in the game for 4 years or longer and still going fairly well and seemingly sustainable (sure I partly have thrown out the have fun staying poor for Phil specifically because it works better to say that as a kind of emphasis to someone who is not "actually poor" outside of their own abilities.. which seems to be partially the case with Phil), and not going to stop me from calling out some of Phils ongoing bullshit from the way that I see it.. and sure, maybe he is right?.. but surely I express some of my opinions in fairly forceful ways because I find some of his bullshit to be quite far out there.

By the way, I do agree with Phil every once in a while in terms of some of the angles that may have saved him in terms of NOT using much if any leverage in terms of some of his mining business angles, and surely he has given quite a few pointers that are likely good in terms of some of the ways that miners might have to weigh their considerations in expanding mining operations, so I do not criticize him in all regards.

And, sure some times there could be some ways in which our differences might not be as material and/or significant as they are being presented.. so I will concede on that too.. but still fuck some of that nonsense in which "out there" scenarios are painted as if they had any kind of reasonable or meaningful odds of happening... and I am not even opposed to mentioning out-there scenarios, but frequently Phil mentions some of them as if they were some kind of a base case scenario... and fuck his pumping of Ibonds too.. even though surely Ibonds might have their place, but they are not necessarily a good thing if someone does not already have a BTC stash and if they were to invest all o their $15k per year or whatever into IBonds and fail/refuse to buy any BTC... BTC first, from the perspective of this here cat... or at least do some personal assessing of the matter.. and also fuck that guy Phil when he was suggesting that it was good to be selling BTC below $20k and then pumping out bullshit ideas about buying IBONDs when we were in the $16k prices... and he is still doing it... If you had not noticed.

You are trolling me...??


You fuck



No homo




hahahahahaha

It is still possible to "buy the dip" bitcoin! I bought a lot under 20 k and I will buy more if it goes there again!