no i follow day by day
Well, that's a too short time frame to draw conclusions in my opinion.
you're probably right
I can look at wider frames too of course but when you look at wider frames it becomes much more difficult
In my opinion we are in a Heisenberg principle
if you look at wider frames it becomes complex
if you look at smaller frames it becomes less precise, you have to find the middle ground
then for me it's a game, I don't sell predictions like the bullshit gurus
If we are attempting to look at Ethereum as compared with bitcoin, then using Heisenberg principle as a general reference comes off as reasonable, since we cannot know with any precision where things might go since there are so many variables that can push quite a bit of variety in the both the direction and then intensity of the direction - even though I think that overall Free Market Capitalist is correct that the better framework is long term rather than getting caught up upon various short-term moves that can go in any direction for reasons that are difficult to explain. yet fundamentally in the longer term it seems that the trend is most likely to be that ethereum does not strong enough underlying dynamics in order to perform positively to bitcoin, even though in the short-to-medium term that crapcoin can continue to have pumps that cause it to appear to outperform bitcoin, and many times people get attracted into ethereum based on dollar denominations rather than looking at its BTC pairing... so we can have extended periods of ethereum pumping merely based on it seeming to out perform the dollar or other assets that are also being priced in dollars. In other words, if we are using a poor measuring stick, then it becomes easier to get distracted in terms of what we are measuring or what might be the more important measurements.
I would concede that even bitcoin is frequently measured in terms of the dollar, yet bitcoins truer kinds of measurements relate to what it can get you in terms of real world goods, services and even other assets, and even with bitcoin sometimes it can be difficult to measure whether bitcoin is up, down or sideways, yet if we zoom out then we can see more in regards to the direction, and surely I also like to look at bitcoin's 200-WMA which seems to also be a pretty strong and reliable indicator that has so far always been going up throughout bitcoin's history, which does not seem to be the case in ethereum whether we are measuring ethereum in terms of dollars or in terms of bitcoin.
And, yeah, price history does not tell us the whole story, and surely I don't even want to hurt my brain by thinking about ethereum very much since it continues to seem so apparent to me that ethereum fundamentals cannot be strong when the supply cannot even be verified, even though there is implicit value that supposedly comes from its supply but there is no way to clearly verify how many coins currently exist and/or how many were initially issued, since they cannot even go back to the first blocks..
That should be enough to establish that Ethereum is both not valuable but is ongoingly manipulated, which means manipulating anyone who gets involved in it whether they are BIG players or smaller players who get caught into their scheme, along with its various ongoing non-sensical talking points that might even get sucked into various banking and/or governmental channels of players who might be wanting to get sucked into their nonsense and perhaps from time to time unwittingly sucked into their nonsense because they simply don't sufficiently understand the difference between ethereum and bitcoin.. yet ethereum might have the potential of participants (whether individuals, institutions and/or governments) using it for their own pumps and dumps and/or deceptions, or considering that there is value in a coin or project that facilitates abilities to pump and dump and to scam and deceive in ways that are similar to some of the problems with current fiat and debt systems.. which can play out for extendedly long periods of time, yet still it seems that ethereum's ongoing phoniness and lack of groundedness is going to end up losing out to the project that actually has power and is grounded in a harder mathematical-based reality, referring to bitcoin...
And yeah, bitcoin is likely not perfect even though bitcoin remains amongst the soundest of assets currently known to man (in terms of it being a protocol layer that allows both the storage and transmission of digital information and value), and surely an amazing invention/discovery - even though it is ONLY a bit more than 16.5 years old. There surely is no asset and/or currency that is even close to as sound as bitcoin, so even if folks are distracted into asset/currencies like ethereum, in the longer run trajectory value is going to continue to flow into bitcoin in accordance with Gresham law dynamics, since it is the most sound of assets/currencies and even though it may take some time (50-200 years) for the market (or all (or most) normies to figure it out).
We know that Bitcoin is not illegal in Thailand, nor is it the official currency. The current Prime Minister of Thailand, Sreet Thavisin, a businessman and crypto enthusiast, is trying to increase the collection of Bitcoin in his country. Since Thailand has many tourist spots and millions of tourists from all over the world visit Thailand, Thailand's economy depends a lot on the tourism industry, so to attract tourists, the Thai government has allowed tourists to use Bitcoin. From now on, tourists will be able to buy Thai baht with their Bitcoin. This will undoubtedly enrich the Thai economy.
While Bitcoin is not currently illegal in Thailand, it is true that it is not recognized as legal tender. Currently the government of this country has approved the use of Cryptocurrency in their country's tourism sector, there are a few other countries like them that also accept Bitcoin and cryptocurrencies in the tourism sector, such as El Salvador and Bhutan. But Thailand may not only accept Bitcoin but also other cryptocurrencies, this country has launched a payment system that will allow Bitcoin and crypto to be converted into their local currency and and visitors will be allowed to pay using the QR code network.
Even they want to prevent money laundering, for which, in a test phase travelers to the country will only be able to convert about 16k dollars into baht, it seems that their goal with this program is to attract new tourists.
You are suggesting that a country is going to be able to limit something like bitcoin once they open it up. So in that sense, potentially, they are only going to be allowing bitcoin to be transacted through "official channels" - otherwise the transacting in bitcoin is going to be illegal? So a tourist can use bitcoin to convert back and forth to and from Baht, but not going to be able to use bitcoin to buy goods and/or services from locals since locals won't be able to interact with bitcoin except through the official channels of converting to and from Baht? This does not sound like a very likely to be successful model if the government were to attempt to allow bitcoin in that kind of a restrictive way, in the event that the government would even be able to pull something like that off without either incentivizing black markets or having other kinds of backlashes from their people.
We know that Bitcoin is not illegal in Thailand, nor is it the official currency. The current Prime Minister of Thailand, Sreet Thavisin, a businessman and crypto enthusiast, is trying to increase the collection of Bitcoin in his country. Since Thailand has many tourist spots and millions of tourists from all over the world visit Thailand, Thailand's economy depends a lot on the tourism industry, so to attract tourists, the Thai government has allowed tourists to use Bitcoin. From now on, tourists will be able to buy Thai baht with their Bitcoin. This will undoubtedly enrich the Thai economy.
While Bitcoin is not currently illegal in Thailand, it is true that it is not recognized as legal tender. Currently the government of this country has approved the use of Cryptocurrency in their country's tourism sector, there are a few other countries like them that also accept Bitcoin and cryptocurrencies in the tourism sector, such as El Salvador and Bhutan. But Thailand may not only accept Bitcoin but also other cryptocurrencies, this country has launched a payment system that will allow Bitcoin and crypto to be converted into their local currency and and visitors will be allowed to pay using the QR code network.
Even they want to prevent money laundering, for which, in a test phase travelers to the country will only be able to convert about 16k dollars into baht, it seems that their goal with this program is to attract new tourists.
They didn't announce that, but what good thing about happening in Thailand is they are been so adaptive with Bitcoin.
Check this one they allow foreign tourist to convert their Bitcoin to Baht
https://www.straitstimes.com/asia/se-asia/thailand-to-allow-foreign-tourists-to-convert-crypto-to-bahtWhich is good indication that they are encouraging tourist to come in their country. They also have this 5 year tax exemption for crypto capital gains especially if they are doing those trades on license exchange or platforms.
This is also find way to prevent money laundering thru this methods
https://aimbangkok.com/thailand-digital-asset-regulation-2025/ The 500,000 Baht per month limitation (perhaps around $16k dollars) is not unreasonable, even though surely it could be problematic if ONLY the exchanges are done through official channels, and if there are high fees (such as 7% or greater), then bitcoiners might be reluctant to use such services. I know that I personally get turned off quite a bit when there are either high fees or if there is very large spreads, which largely has the same effect as having large fees. I personally consider around 5% fees to be reasonable, even though surely there should be an ongoing dynamic that incentivizes the accumulatoin of BTC rather than accumulating inferior currencies and/or assets.
