Individual - bitcoin is the solution.
Institutions - bitcoin is the solution.
Governments - bitcoin and a little bit of monetary system manipulation.
For sure individuals, governments and institutions are likely going to continue to attempt to manipulate bitcoin to their advantage, yet bitcoin was already designed to attempt to account for various already existing manipulation practices, and new ones are likely going to be attempted along the way, too.
Already happened, if not happening again.
If we agree that manipulation attempts are happening on all levels, then where might be our point of differing perspective?
I was trying to suggest that some form of manipulation was already taking place on each level, and you seem to agree, but your original post seemed to suggest that only governments are engaged in manipulation attempts (or at least that seems to be a differentiation that you were then making.
[edited out]
Does hanging on a spike for 6 hrs looks normal
Yes it does look normal, here in bitcoinlandia.
Took a really nice break from Btc observation activities, and went and spent some time out there in the real world.
Glad to be back but at the same time going to try to keep my price checks to a minimum, feels way more healthy
Keep stacking!
You mean that there happens to be a "real world" that goes beyond checking the prices of dee cornz?
I am not sure if I believe you.
Come on, Bitcoin, do something!
Thank you, Bitcoin, for doing something.
For sure, I could have had thought of worse things that bitcoin could have had done.
I am not sure if we can yet proclaim that our most recent local "bottom is in," but we have a pretty decent sign in the right direction... and that direction may well be that: "the show must go on", even if some folks had been prematurely contemplating the end of this particular cycle.
88k achieved
90k incoming ?
Good question.
It does not seem to be very far away... but we can never really know with the cornz, and figuring out which direction might be the one that causes the most pain?
I would think that UP is ultimately quite painful for so many folks who continue to fail/refuse to prepare for up.. and we seemed to have had more than a couple of months providing opportunities for normies to make sure that they are sufficiently/adequately prepared for UP.
It's funny how you reject ANY observation on the Wall
Observer forum.
Should I apologize when you are providing me with such great openings for having some fun?
Sure, you can twiddle your thumbs, saying...it's the same...it is the same.
First off, one day it won't be and second...well, it remains to be seen.
Bitcoin has been "bery bery good to me"
(and yeah other guys in these here parts too so long as they have been erroring on the side of accumulating and/or holding the cornz).
We already know that there is a kind of cyclical pattern with bitcoin, and many of us acknowledge that the pattern is not guaranteed, so you are not saying anything new if you are saying that some day it won't no longer be the same. And, you are also probably saying similar things that I already say on a repetitive basis, which is that there is a lot of logic in the cycles and there is a lot of logic that many of us have placed some reliance on the cycles to continue to happen, and they have been continuing to happen, pretty much ever since bitcoin, even though I have ONLY been in bitcoin for nearly 11.5 years.. not quite three full cycles.. which yeah, three full cycles will be the end of this year (and you are right around in the same boat, even though you have been admittedly more whimpy than this here cat and seemingly frequently distracted into other macro assets, as if they might be important in the whole scheme of figuring out how much to allocate to bitcoin.. perhaps? perhaps?..
EDIT: a significant correlation of gold and bitcoin today when stock markets are plunging possibly manifests a transition of bitcoin from risk-on to risk-off asset status, even if only for a day.
Zoom out a wee bit. Who gives any shits about making BIG conclusions about short-term happenings, especially when it should already be largely known that bitcoin is not greatly correlated to stocks and/or to gold.
Of course, in the short term there can be some appearance of correlation, and also sure, we have to have things to talk about in the WO thread, so surely I am not trying to discourage you from making your observations and your analyses to the extent that you are not overly proclaiming importance to some of the short term dynamics.
And, we should not be getting too distracted too much by gold either since bitcoin is around 1,000x better than gold, yet sure, gold has been doing pretty good in recent times...and so gold's performance does likely tell us things about lack of confidence in various kinds of fiat based systems..
And yeah I agree with your point about the market showing signs that bitcoin might be more of a risk off rather than a risk on asset, which we also saw those kinds of BTC price movements around the times that status quo financial/governmental fuck twats were shutting down bitcoin banks (That was somewhere around March 2023)... so sure we have already had times in which more and more folks are recognizing and appreciating that bitcoin is more likely risk off rather than risk on, even though many bitcoiners have already known this for quite a long time (perhaps going back to 2013 or so? if not figuring it out in 2017.. and yeah some folks figuring it out later, and more and more of us already think about bitcoin as risk off rather than risk on, even though markets and the wider community or only coming around to learn these things and not everyone knows, but I agree that some aspects of bitcoin being recognized as risk off is seeming to show in our recent BTC price movements.
Spiking...did Saylor (or someone even bigger
) buy a massive amount?
Probably more institutional investors are buying massively, so the price hike?
No doubt about it, plenty of new institutionals are buying Bitcoin massively.
Those plenty:
Of course, there are a lot of folks who are deluded and in denial, and want to proclaim that Saylor/MSTR is the ONLY entity moving the bitcoin market, which surely remains one of those convenient misinformation pieces which likely facilitates folks failing/refusing to really understand the power of bitcoin and to appreciate bitcoin's ongoing dynamics that exist whether Saylor/MSTR pumps bitcoin or not.
In the past, we had other versions of this misinformation to stop newbie no coiners from getting into bitcoin and/or even to cause low coiners to continue to pursue whimpy bitcoin accumulation practices (and/or even try to trade bitcoin when they should be erroring on the side of accumulating and holding it for at least one or two cycles before even considering the possibility of selling any beyond spend and replace practices.
