oh Joe Biden left the office with BTC at 108k
and we are 100k
Just saying Trump has sucked bigly so far.
Try to genuine and representative in the kinds of proclamations that you are making, otherwise you will be understood as a non-credible dweeb who is mere spinning facts in order to tell some kind of a story that fits with your bias ways of dealing with the world.
I could hardly give any shits about Trump, even though many follks consider that he probably has been good overall for bitcoin and crypto even though sure he is a grifter and likely does not deserve to benefit from his various insider-bullshit activities... yet at the same time, it is really hard to do anything about it, since systematically the whole US governmental and/or administrative system has
allowed for that much power to go to the executive in spite of various supposed checks and balances.
Anyhow back to the price. For all intents and purposes, the applicable period of the political related pump was the discovery that Trump had won the election.. which surely there is some representation in that starting out price (of $50k to $60k) since we had spent a decent amount of time around there in 2021, and then for most of 2024, we were bouncing between $55k-ish and $70k.. so in essence we could proclaim something like $69k to be a ballpark idea of the starting out of the Trump pump.
In the beginning of November 2024, the 200-WMA was $40,500, and today it is $55k.
That is not outrageously UP, but it is still an ongoing grinding away at UPpity - it is ONLY 36% higher.. but still. a lot of assets would kill for such an ongoing and persistent UPpity.
The reason is he made BTC a MAGA thing right wing thus losing 45-50% of the buyers as they see anti BTC as anti MAGA .
We do not need half the country to be anti BTC or Half the World to be anti BTC for that matter.
Surely, he is a polarizing character, and his ongoing grift does not really help.
I suppose in some sense, I don't mind your anti-Trump proclamation, since it is quite likely that bitcoin gives few shits about Trump, so sure he and various other politicians are trying to get into bitcoin an perhaps even trying to harness its energy.. Can you blame them? Maybe it is better to not have outward hostility, even though I still think that there has to be some level of hostility, otherwise Samauri wallet developers would have had been treated with a bit more of a lighter touch (a softer glove). They like bitcoin as long at they can control it and attempt to personally profit off of it.
oh Joe Biden left the office with BTC at 108k
and we are 100k
Interesting. Closer to the time, you were willing to begrudgingly admit that most of that price was attained mostly on the event of Trump winning the November election and in anticipation of his entering office something over two months later but you appear to have gaslit yourself that it was all only due to the stellar achievements of the gentleman (who took inflation to levels not seen since the 70s) far into geriatric decline and also that the recent $125k ATH never happened.
It's true that Trump hasn't done a huge amount for Bitcoin. Those who have been paying attention suspected there was a lot of pandering going on (and you're certainly old enough to have seen that from innumerable politicians through many election cycles). Even still, it's still astounding even after 9 years how far TDS will take people.
Philip is not ONLY deranged about Trump.. He's got some other issues interfering with his logic (or lack thereof).
as for living in a liberal state. I live in Monmouth county it is republican. I have voted for my Republican congressman Chris Smith since 1992 and he has won each and every election.
Some of my best friends are republicans.
If you wonder if spot Bitcoin ETFs are important for Bitcoin, consider what propelled the price of BTC up - Spot BTC ETFs had $240M inflows!
Yes.. in some sense they are a necessary evil.
They cannot be stopped.
Bitcoin is for friends and enemies.
Shitcoiners also have these arguments about bitcoin needs shitcoins otherwise bitcoin would be nothing.
Even if bitcoin spot ETFs have been pumping bitcoin (even prior to their January 10, 2024 going live), they are a derivative product.
Keep your eye on the prize.. which happens to be bitcoin and the bitcoin gives the spot BTC ETFs value even if insiders in regards to Bitcoin spot ETFs have been pumping bitcoin since about October 2023 (when blackrock and buddies filed for their being approved right after GBTC having had won the law suite against the SEC).. Yes.. Bitcoin spot ETFs do not live in a vacuum.. there is a history... related to their getting involved.. Many guys here are not ignorant to many of those facts, even though guys will also differ in their assessment of importance or lack of importance of such ongoing financialization that cannot be stopped..
Financialization of bitcoin is just one of the current ongoing factors (and
network effects - discussed by Trace Mayer in 2014/2015), even some guys do not seem to understand the value of owning actual bitcoin rather than pumping bitcoin spo ETFs as if they were the same thing... The pumping of Bitcoin Spot ETFs is likely an attack on self-sovereignty aspects of bitcoin, even though nothing can really be done about the ongoing growth and popularity of such inferior bitcoin derivative products seeming to want to fool people into ideas that they are better than owning real bitcoin.
Newbie Bitcoin spot ETF investor who happens to believe that bitcoin spot ETFs are better than the real bitcoin, and also happens to be a bitcoin price dynamic's expert coming into the space to inform us less knowledgable folks with his pithy lecture that bitcoin is "correlated" to macro.
Who would-a-thunk?
You think that we haven't heard that nonsense previously like more than 10,000 times..
Quite lying you scumbag asshole! I've never said spot Bitcoin ETFs are better than real bitcoin. You're a worthless piece of shit thug, JJG.
Why anybody puts up with your stupid comments and the crap you dish out I'll never understand...
You are ongoingly trying to pump bitcoin spot ETFs... so yeah... that is problematic... and perhaps shows you don't quite understand what is bitcoin, even though you have been providing some links to bitcoin related information in recent times.
You might also not know the difference between a derivative product and the real thing. Sure there are advantages and disadvantages to each, yet they should not be confused and/or convoluted, so hopefully you can figure out those kinds of nuances.. and perhaps even some day start to love king daddy rather than trying to convolute what it is and/or trying to present bitcoin spot ETFs as if they were some kind of a savior to bitcoin when their role in connection with bitcoin is not exactly full of benevolence and/or lacking in trade offs....even though sure, there is some aspects in which the bags of bitcoin holders are being pumped by the later arrivals to bitcoin (and through various bitcoin derivative products that are currently being offered).
