This is something that you are fixated on - not me. I've never once mentioned anything about any 'last word'. It's a discussion board - my understanding is, if you have something to post, post it. If you don't, then don't.
I'll admit to being surprised (and disappointed) at bitcoin's bounce; I hope it is of the dead cat variety.As someone previously said the bitcoin threads will be very interesting to look back on in the future for one reason or another. It's nice to have some 'mile markers'
Today it's at $23k. Bitcoin recently reached the point of 91% of the eventual 21m being in circulation. Supply will increase by 1.76% over the next year. The next halving is just over 1.5 years away, estimated to be April 20, 2024.
I was surprised by the depths of the lows in the summer, but the news that Tesla sold almost a billion $ worth on top of the forced liquidations by the struggling or failing businesses (celsius, 3AC, etc) explains it.
Bitcoin stopped going down (so far!) 7 weeks ago on 18th of June at around $16.75k
Yep Arthur, I am a bit annoyed with myself that I have developed an emotional attachment to the demise of bitcoin. It is not resentment that I missed the boat, though I certainly did. For some reason the sheer nonsense of it and its 10,000 kopy-kats and the rubbish spoken by the likes of Saylor really gets up my nose. Nothing against @tecate ; jostling with him/her is one of the bright spots in this madness.Why though? Why always such strong disappointment at bitcoins gains. I get that you dont believe in it etc etc but I dont get the strong opposition all the time.
This sounds familiar. Didn't you previously admit to being surprised (and disappointed) at Bitcoin's recovery from its 2018 low?I'll admit to being surprised (and disappointed) at bitcoin's bounce; I hope it is of the dead cat variety.
Nothing else behaves like this.
LINKWhy though? Why always such strong disappointment at bitcoins gains. . . . I dont get the strong opposition all the time.
@ArthurMcB Is this your first intervention? I don't know much about this sort of stuff but I think this is Step 1 on Duke's road to recovery? Amirite? You're doing Gods work, Arthur - please continue.I have developed an emotional attachment to the demise of bitcoin.
It's not just the auditability, though that is great, it's that it's easier to take 'physical' delivery so ultimately there should less reliance on trusting third party custodians, even if it's via some hybrid approach like multi-sig. The things that should allow bitcoin to be better here:The bigger money seems to be arriving but it will come with a new set of risks and headaches. Hopefully Bitcoin's auditability will save it from being captured like gold has been.
It's a very good read for sure.This is well worth a read for anyone with an interest or view on Bitcoin
Good read indeed, but you should have warned me to have a packet of peanuts - it's longThis is well worth a read for anyone with an interest or view on Bitcoin
Intelligencer said:Crypto is a game of creating virtual fortunes out of thin air and convincing other humans with traditional forms of money that those virtual fortunes deserve to be real-world ones.
That is an interesting insight into why the price of bitcoin has shown fairly remarkable robustness in the face of some strong crypto headwinds.I just browsed over a few of the pages here, I hope I'm not re-opening old wounds by bringing the thread back to life. I decided to take a punt on some Bitcoin. I bought one last week at €15,500. I don't pretend to know how it's going to work out, it's too erratic. I just had 15K that would not hurt me if I lost it and I decided to take a punt, it appears to be in a slump at the moment and I'm gonna sit on it for a few years and cross my fingers it explodes again at some point in the future!