I am not much of a fan of figuring out what to do in respect to BTC accumulation and/or BTC portfolio management based on months of the year, since either you are accumulating bitcoin or you have already accomplished your BTC accumulation goals, which an overwhelming majority of the world's population is in the former group (or they should be in such group.. or they are in such group without realizing such a thing).. so in other words, September should be an even more serious month to for an overwhelming majority of folks to be accumulating the cornz... yet I have my doubts on that, too... since it probably is going to end up being the case that BTC accumulation is taking place in a kind of delayed way and while BTC prices are going up in the coming months... guaranteed to go up?  of course, not... yet let's see what ends up happening..

For some strange reason, I have tended to sleep a lot better after having had mostly gone through my accumulation of corn as compared to when I was going through the accumulation stages, even though I also look back fondly on those days, which was largely, when in doubt buy some more.. .. should be simple times, which anyone in their BTC accumulation stages should be considering, even though there are a lot of BTC dumbasses that falsely presume that waiting is an adequate BTC accumulation strategy, and hey, maybe such a gamble (of waiting) will work out for them, and maybe not.


Part of the issue in regards to many monetary theories that involve presuming if subjective value is going to contribute towards consuming today versus waiting for tomorrow, and surely there are things that we are going to want today rather than waiting until tomorrow, whether that is an Iphone, hookers, lambos and blow or maybe even something that might have some mixed investment attributes, such as residential property.

One of the problems that I had with that particular chart was not really understanding the presumptions of the chart, and surely there can be a difference, also, with top of the line versus the most basic level of the iphone.. yet sure even the iphone is more difficult to compare as compared to using something like the BigMac as a comparison point - even though even with something like the BigMac we might wonder about changes in the quality of ingredients.


I did a quick glance at the linked page, and it does give some additional countries and perhaps updates (and more specifics) in results.  It is interesting that for several countries they show the overall population size and the number of "crypto" owners to show the percentage, and worldwide they are showing more than 560 million people (which would be right around 7%) "owning crypto," which truly is way beyond my lame ass amateur estimates of less than 1% of the word's population owning crypto.

I could not really see how they calculated "crypto ownership" (like maybe a threshold of $10 or more preferably something like $100 in value), and even though there was an option to download the report, I did not want to provide an e-mail address.


I am glad that you got it all figured out.

 

Explanation
Chartbuddy thanks talkimg.com

No comment  

I will say this, interesting not much mention of it. (yet) Gee I wonder why? lol

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In memory of all those lost on this day  (minute of silence)

Hmmm I don’t know… not anytime soon is just hard to say…
Not tomo yes I follow you… not in weeks or few months? Then I just say anything can happen.

Fake moves, here and there
We know she don't give a f***
The dude stole my words




#haiku

These graphs clearly show that demand far exceeds supply. Over 400,000 bitcoins have been withdrawn in the last 6 months, which is 15%. In 1 month over 100,000, with 40,000 withdrawn from Kraken alone yesterday. In 4 months, Kraken's reserves are down by nearly 40%. Mathematically, what is happening now is impossible - bitcoins are running out and the price is going down. This proves only one thing - that there is invisible manipulation. Nothing new, it was the same in 2020 when bitmex played against their customers. One day their bosses were arrested. The next day those nasty barts stopped, if you recall. It's the same now, I'm just not sure exactly which exchange is the cancer. It's clear that they are selling off non-existent bitcoins somewhere. The problem is that traders are influenced by the price of derivatives, even when they don't have the backing of owning bitcoins. So the culprit is most probably between bitmex, binance and bitfinex, and perhaps all of them. But I know from experience that somehow this problem will get resolved. At the very least, soon the bitcoins on kraken will dry up. Then coinbase, etc., and at some point the derivatives crooks will get screwed up badly by not being able to drive down the price with their paper bitcoins. And then there will be no one to stop the bull run.

(Click on the images for enlargement.)





P.S. There are some rumours that FTX will repay $16 billion cash to their customers. Whether it will be in USD or USD Tether, it remains to be seen. When exactly it will happen is not certain, although Q4 is still possible. One can only speculate how much will be invested in Bitcoin, and will it affect the price significantly.

Do I get that right, you plan to spend BTC for something just for the sake of spending BTC and plan to later buy it back?

Can't follow this line of thought to be honest. Spending BTC is not fun, it's always painful as you sold always too early. Buying BTC is the fun part.

Again (mis-)quoting JimboToronto with: "Buy if you can, sell if you have to."

Explanation
Chartbuddy thanks talkimg.com

I can only hope you are talking on behalf of proudhon