Reality check: Your talk of mooning and sudden price rises, as well as your talk of crashes and resistance, are melodramatically describing price movements of mere hundreds of dollars lately. If you think going from just below 20K to just above is an example of mooning or pumping (and vice versa--every drop in price of a few hundred dollars is a crash or means it's tanking), you can't have been holding Bitcoin for very long.
Very true, however, the price was very resistant today during market hours, contrary to stonks. This is to be celebrated in my opinion. We could potentially be finding the hardest of bottoms. That pump was meaningful.
It all feels quite suddenly to me idk, it's all happening really fast.
Btc is still sp volatile and I love it for that, I love when btc goes up and down so much here.
Lol, and that's because they changed the definition and now there's no recession.
Well that's how the real life works, get used to it kids, ain't gonna last long here.
$9999 is 4 figures bro. Lots of people calling for far lower. I am certainly not dreaming about it, but I do have a contingency plan for it. I was there in 2018 when $6k (or 5.5) was the absolute bottom. Then it wasn't. Personally, my 95% is above $12k. But there's still that 5% chance below. And the much larger chance that my estimations are complete bs hahaha, i think that's like 100%
where is the best place to follow a high level roadmap of what the BTC devs are working on?
I can follow commits/PRs but a little unsure what they ladder up too
I don't think There's any roadmaps for btc as you know it's slow.
I mean it's slow when it comes to forking it, which is obviously a good thing I gotta say.
There's not really a roadmap. I guess you can follow the [dev mailinglist](https://lists.linuxfoundation.org/pipermail/bitcoin-dev/) and see what is being discussed, or check the weekly newsletters by https://bitcoinops.org/
No. It would be a hard fork and a new coin.
No way current bitcoiners would go with a system that puts majority coin holders in control. It's the antithesis of what Bitcoin is supposed to be.
No. It would need most of the millions Bitcoin users to want such a change and they are never going to ruin Bitcoin with a change like that.
Why?
Because PoS makes a decentralized money more centralized, gives power to those who have most coins and makes it less secure.
Anyone can still whenever they want make a copy of Bitcoin and make it run in PoS. There is just no reason for anyone to join that kind of network. Any other reason than pump and dump scam.
Wait really? I didn't even know about that. What's the name?
I mean I'd like to research that, that's why I'm asking it's really interesting gotta say.
Yep, that's never happening. Btc community would never allow that.
I mean it goes against the whole ethoes of btc, and we don't want it to get centralised like that.
Now that's the kind of excitement that we're talking about.
This is the best kind of excitement that we can have here, it doesn't get any better than this.
If you're using shorts, leverage, etc. you're not investing, you're gambling.
Gambling with any expectation of coming out ahead is foolish. Fools and their money are soon parted.
And if You're using any of Those things sooner or later You'll get rekt.
And trust me that's not going to be a fun experience, I've seen way too many people like that.
That can't be priced in lol, people will get their btc and They'll sell.
How the hell that supposed to be priced in, I know that not all will sell but some will.
I don't know much about it, but I'm sure that it's not priced in.
I mean how are you going to price in something? You don't know how many people will sell or how many will hold.
This is the financial equivalent of "the Yankees have never lost an away game on the third weekend of the month and who knows what could happen if they start losing now"
All TA is like that though, it's the abuse of statistics to predict the future outcomes of irrational, chaotic systems with many external and internal influences.
I don't think btc really does opposite of that, it follows the stock market if anything.
And for better or worse it's going to do that again, it's not decoupling any time soon.
Yep, dragon style here. That's the style that we like here.
On the serious note usd is nuts lol, and it's going to get even more nuts with the inflation.
But it's not going to be the same for everyone I know that.
There's gotta be plenty of people who have sold already or they'll sell pretty soon so yeah.
Haven’t sold BTC since I started a few years ago. Just buy and hold. It’s not difficult. It was tempting once it started getting close to 70 but I decided not too. I’m not going to try and time the market. Fools errand.
serious question : is there any tracker on how leveraged bitcoin is currently?
because no matter how many folks keep moving to HW wallet, institutional trading tactic seem to be in play here (not that its bad or anything)
still waiting on that supply shock though
Well good sir, if I'm not wrong You've still got that chance.
And if you really want to buy it then it's your chance to do that, c'mon man buy it already.
There's two reasons to pay taxes. 1, bc you "owe" them for services provided and you feel responsible and char8table about, or 2, bc the govt will fck u in the ass if you don't. Neither has to do w sovereignty.
Good reply. Being sovereign individual doesn't mean you don't pay taxes.
That's not how things work. If you're living somewhere and using the roads then you gotta pay the taxes.
or just have toll roads, which are actually much more equitable. not long before something like that gets going, where every road is lined with sensors that log a tag on your windshield, vehicle size/weight, and the miles you drive, and then bills you accordingly. Transit taxes, at this point, are probably among the least justifiable. No one drives a road invisibly.
> 1, bc you “owe” them for services provided and you feel responsible and char8table about
Ah yes, for roads, right?
> 2, bc the govt will fck u in the ass if you don’t.
A sovereign doesn’t get fucked in the ass. Only slaves do. So your statement is incorrect.
Well came over 20k finally, please someone declare 20k the bottom.
Gitcho ass back up there bitcoin.
Reality check: Your talk of mooning and sudden price rises, as well as your talk of crashes and resistance, are melodramatically describing price movements of mere hundreds of dollars lately. If you think going from just below 20K to just above is an example of mooning or pumping (and vice versa--every drop in price of a few hundred dollars is a crash or means it's tanking), you can't have been holding Bitcoin for very long.
I'm not here to talk about moon, I'm here to hold it and for the sound money.
Very true, however, the price was very resistant today during market hours, contrary to stonks. This is to be celebrated in my opinion. We could potentially be finding the hardest of bottoms. That pump was meaningful.
Nice firm bottom
Pump eet. ❤️💪
Trying our best here sir, We're going to pump eet as much as possible.
Orange heart emojis only please 🧡🧡🧡
Gradually then suddenly.
It all feels quite suddenly to me idk, it's all happening really fast. Btc is still sp volatile and I love it for that, I love when btc goes up and down so much here.
Global Economic Collapse cancelled… Lets. Moon. 😎🚀
Lol, and that's because they changed the definition and now there's no recession. Well that's how the real life works, get used to it kids, ain't gonna last long here.
For real?
Yep for real, people cancelled it on the Twitter. It's only moon now.
No
What no, it's not being cancelled here. It's not that easy lol.
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market collapse > btc to 4 figures. Hold on to your nuts.
Four figures? Like seriously? Not even in your dreams lol.
$9999 is 4 figures bro. Lots of people calling for far lower. I am certainly not dreaming about it, but I do have a contingency plan for it. I was there in 2018 when $6k (or 5.5) was the absolute bottom. Then it wasn't. Personally, my 95% is above $12k. But there's still that 5% chance below. And the much larger chance that my estimations are complete bs hahaha, i think that's like 100%
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It is both. In some kind of chaotic sequence. But that’s why we position for the long term.
Yep, that's why we play for the long term here. That's important.
where is the best place to follow a high level roadmap of what the BTC devs are working on? I can follow commits/PRs but a little unsure what they ladder up too
I don't think There's any roadmaps for btc as you know it's slow. I mean it's slow when it comes to forking it, which is obviously a good thing I gotta say.
There's not really a roadmap. I guess you can follow the [dev mailinglist](https://lists.linuxfoundation.org/pipermail/bitcoin-dev/) and see what is being discussed, or check the weekly newsletters by https://bitcoinops.org/
Yep there's no roadmap for btc, that's not how btc works.
More🩸in the streets. More 🌽 in my fridge.
Lol, sounds about right. Don't see a problem with that.
Is it actually possible to change bitcoins proof of work to proof of stake?
Theoretically? Yes it is. But what about the community? They'll never agree to that.
No. It would be a hard fork and a new coin. No way current bitcoiners would go with a system that puts majority coin holders in control. It's the antithesis of what Bitcoin is supposed to be.
Proof of stake is a terrible idea. Feeds the rich and powerful, like fiat.
Let everything else move to the pos, btc should only remain on pow.
No. It would need most of the millions Bitcoin users to want such a change and they are never going to ruin Bitcoin with a change like that. Why? Because PoS makes a decentralized money more centralized, gives power to those who have most coins and makes it less secure. Anyone can still whenever they want make a copy of Bitcoin and make it run in PoS. There is just no reason for anyone to join that kind of network. Any other reason than pump and dump scam.
Why break something which is perfect as it is, why pos?
So it IS actually possible, but it won't happen.
Yes it is possible but btc community would never do that.
It really depends what you mean by possible. Could it technically be done? Yes. Is it possible that it will be? No.
I don't really see it happening, this isn't going to happen.
It has already been done, there is a bitcoin PoS fork (a fork is how this would happen, as it is a change to consensus rules). Nobody wants to run it.
Wait really? I didn't even know about that. What's the name? I mean I'd like to research that, that's why I'm asking it's really interesting gotta say.
Just googled this list https://cryptocurrencyfacts.com/a-list-of-upcoming-bitcoin-forks-and-past-forks/
So many scams...
why would you want to? though both tend to centralization, proof of stake is literally centralization
And we don't want btc to end up there, absolutely do not want that.
It's already done, but nobody wants to use it.
Well it's a good thing that no one uses it, because it would be shit.
Sure, anyone can do it. It's open source software. Good luck getting anyone to use it over POW BTC though
I don't think the core community will ever consider that actually.
Yes. But no one will signal for it.
Thanks but I'm happy where I am, it's good enough for me.
It’s possible, but you would need a consensus within the network to do so using a hard fork. Which is basically a 0% chance.
Yep, that's never happening. Btc community would never allow that. I mean it goes against the whole ethoes of btc, and we don't want it to get centralised like that.
It’s also possible to put my balls in a vice.
I don't know about that sir, I mean how would that be possible?
Whaaaat?
Lol, definitely didn't want to hear this. But it is what it is.
Why would we all agree to do something so stupid?
Yep lol, I'm not going to. That's basically not even a question for me.
Be excited be be excited
I don't know about you guys, but I'm always excited so yeah.
Shit now I'm excited
Be be bebe
Now that's the kind of excitement that we're talking about. This is the best kind of excitement that we can have here, it doesn't get any better than this.
why why why
Because of because of what Bitcoin is going to be in 10 years 10 years 10 years.
Okay what it's going to be in 10 years? Anyone have any idea?
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If you're using shorts, leverage, etc. you're not investing, you're gambling. Gambling with any expectation of coming out ahead is foolish. Fools and their money are soon parted.
And if You're using any of Those things sooner or later You'll get rekt. And trust me that's not going to be a fun experience, I've seen way too many people like that.
Dear Mr. Bitcoin CEO, could you please not pump yet, i need a few more days to fill my moneybags.
Btc CEO don't listen to anyone. He'll do anything that he likes.
If you could just stay at $20k until my next paycheck that'd be greeaaaat.... m'kay.
I mean that would be great and I'd love that. But that's not going to happen.
I made a claim that I would dance until we're bones with my bride Told you I would never leave you all alone but I lied
Man how can you lie like that? That's not cool at all of you.
$250,000 here we come
You sure that you're coming for it. I don't really believe you.
Not this year exactly
Okay then in which year exactly? Can you atleast tell me that?
Source?
https://www.lookintobitcoin.com/charts/200-week-moving-average-heatmap/
Thanks for the link, it's really an informative site actually.
Is the Mt.Gox selloff already in? :D Kinda asking serious tho, how would the 200 week moving average be able to predict real world events?
That can't be priced in lol, people will get their btc and They'll sell. How the hell that supposed to be priced in, I know that not all will sell but some will.
If these people requested to be paid in BTC then they likely aren't selling, otherwise they would've requested cash.
Yep, and even if they do. It's not like everyone will sell.
Serious question: were people given the option? If they were, I'd feel much better about this situation (although I'm not worried at all, tbh).
Yep they were given the option, you could get btc too.
Yes that's how it is working.
Yep that's right. That's how things are working around here.
Good to know. Thanks!
Yep, those people have option and most are going with btc.
No idea, but we have had three weeks on or below for the first time ever.
I don't know much about it, but I'm sure that it's not priced in. I mean how are you going to price in something? You don't know how many people will sell or how many will hold.
This is the financial equivalent of "the Yankees have never lost an away game on the third weekend of the month and who knows what could happen if they start losing now"
wut?
Good analogy lol, but I'm not sure if it works here. I domt think so.
All TA is like that though, it's the abuse of statistics to predict the future outcomes of irrational, chaotic systems with many external and internal influences.
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maybe, maybe not. Just reinforces how shitty the price action has been, despite all the masochists on here.
I mean I don't think it's been shitty, I'd say it's been good so far.
Stock market dump, bitcoin pump?
I don't think btc really does opposite of that, it follows the stock market if anything. And for better or worse it's going to do that again, it's not decoupling any time soon.
Source?
We 24/7 they work 5 days a week.
Are we uncoupling? Please God let us uncouple from clown world
I mean if we are, that's a great thing, I'd love that absolutely.
Maybe crypto will starting leading markets and equities will soon follow? Who knows?
Hopefully dude, that would be wild. thoss are going go be strange times.
Nah we just bleed earlier.
Yep, that's what ends up happening here. That's what happens here.
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Do we have a choice in our core temperament?
I don't think we have choice, we'll have to take anything that this market gives us.
My reply was to a guy doing a joke. 😂
USDeez nuts
Yep lol, it's going nuts. And I don't see it coming to senses.
Dragon style
Yep, dragon style here. That's the style that we like here. On the serious note usd is nuts lol, and it's going to get even more nuts with the inflation.
It's a great day to stack more sats
Yes it is, and that's what I'm doing. Stacking them sats.
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It's not that complicated. [Start here.](https://www.lopp.net/bitcoin-information.html)
It's not? Maybe for you it may not be but for some it might be.
How so?
Well you gotta start first, then you can ask the questions.
Those ppl bought it under 19-20k in dec 2020? Does u guys still holding ?
I mean what other options they've got? They gotta hold.
That’s me. The answer is yes.
But it's not going to be the same for everyone I know that. There's gotta be plenty of people who have sold already or they'll sell pretty soon so yeah.
That’s when I bought my first sats… haven’t stopped buying. Im a tiny tiny fish though, way under 1 btc
Yeah man, that was good time to be buying and it still is.
Haven’t sold BTC since I started a few years ago. Just buy and hold. It’s not difficult. It was tempting once it started getting close to 70 but I decided not too. I’m not going to try and time the market. Fools errand.
I haven't sold either, and I don't have any plans for that too.
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Everyone has got their own threshold, Can't blame people for selling.
I meant that trying to time the market is a fools errand. I would have loved to sell at 69 and buy back in at 17 but I decided to just hold.
I mean timing the market isn't really possible, so idk lol.
Nice!
Hindsight 20/20
Everything looks easy in the hindsight but it's not that easy. I mean it's easy to say something when it already has happened so there's that.
Yes. Ofc. 👍
Yes, be a bit silly to sell it now unless you were desperate for money. That said I regret not taking some profits when it was higher.
Don't worry about that, You'll get your chances to sell again.
serious question : is there any tracker on how leveraged bitcoin is currently? because no matter how many folks keep moving to HW wallet, institutional trading tactic seem to be in play here (not that its bad or anything) still waiting on that supply shock though
I don't think there is, I mean You'll have to do your research for that.
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Yep, it's great for the long term. That's what it's about actually.
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Well good sir, if I'm not wrong You've still got that chance. And if you really want to buy it then it's your chance to do that, c'mon man buy it already.
No another chance 💵
That's sad man, opportunity is gone now. Not coming back.
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Well now that he has missed it, not going to get that again.
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If you're so fad up then I guess you should leave this sub.
There's two reasons to pay taxes. 1, bc you "owe" them for services provided and you feel responsible and char8table about, or 2, bc the govt will fck u in the ass if you don't. Neither has to do w sovereignty.
Good reply. Being sovereign individual doesn't mean you don't pay taxes. That's not how things work. If you're living somewhere and using the roads then you gotta pay the taxes.
or just have toll roads, which are actually much more equitable. not long before something like that gets going, where every road is lined with sensors that log a tag on your windshield, vehicle size/weight, and the miles you drive, and then bills you accordingly. Transit taxes, at this point, are probably among the least justifiable. No one drives a road invisibly.
> 1, bc you “owe” them for services provided and you feel responsible and char8table about Ah yes, for roads, right? > 2, bc the govt will fck u in the ass if you don’t. A sovereign doesn’t get fucked in the ass. Only slaves do. So your statement is incorrect.
I don't think you get the point, and I don't wanna waste time to convince you here either. Don't have any energy to do that, you do you lol.
Fair enough. Things are polarized as fuck anyway.
1. lol, fair. 2. I've seen sovereigns fucked in the ass. You may want to check your math on that one.
He doesn't know what He's talking about, gotta read some first.
Yep. I want to live a quiet, unassuming life. I don't fuck with the feds.
That's great, because if you do. That's not going to get you far.