[Bitcoin Price Therapist] Bitcoin Price Falls, Nobody Knows Why (BM, JB) \ stacker news ~bitcoin

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[Bitcoin Price Therapist] Bitcoin Price Falls, Nobody Knows Why (BM, JB)bitcoinmagazine.com/markets/bitcoin-price-falls-nobody-knows-why

551 sats \ 18 comments \ @denlillaapan 20h bitcoin

I got tired of all the clickbaity media newsflashy-price SHIT.

Also, @Car will like:

David Bailey, Chief Executive Chairman of BTC Inc, the owner of Bitcoin Magazine, and the Forrest Gump of Bitcoin, merged his Nakamoto with KindlyMD and finally got to unleash his war chest of almost $700 million to buy bitcoin. He hit the (local?) top, as so many bitcoin-savers have done over the years, and instantly incinerated about $36 million.

In that same vein... YOU WANT US TO PUBLISH BETTER STUFF? Then fucking read and click on better stuff -.-

All we can do, as good bitcoin price therapists, is deal with it. Buy more, sell some chairs or kidneys, or close the screen and go for a walk. Nobody knows if hyperbitcoinization is here next week or next century, even though it makes a world of difference to your personal finances which one it is.

"That’s all the therapy you get this week. Go touch some grass and may the sun shine brightly on your face."

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161 sats \ 6 replies \ @SimpleStacker 18h

I think siggy said that at his in-person meetups, people mostly want to talk about Saylor and price.

Face it, bitcoiners are a minority, and principled bitcoiners are a minority within a minority.

30 sats \ 2 replies \ @028559d218 18h

So what is this "plan" of these Saylor and price people?

Wait for it to go up and then... sell for what? Dollars?

It has been going up, it has been virtually on a bull run since like late 2022. They could sell now, and be "in profit". Why don't they?

And after all, what "price" are they looking for? If Bitcoin is 200k USD per Bitcoin... is that enough for them to sell? That's less than 2x of today's exchange rate. So what difference does it make?

If these people self custody (they do I assume) and run a node (they should) isn't it a huge hassle to move Bitcoin to an exchange? Address verification, confirmations, Cap Gain taxes on a registered exchange, the paperwork, security etc etc

There are a lot of moving parts. It just seems like 'the price' is a silly thing to worry about.

100 sats \ 1 reply \ @denlillaapan OP 17h

Sell? sell for what?!

59 sats \ 0 replies \ @optimism 14h

sell for what?!

Hookers & powder, duh. Good news tho: one doesn't need to go through a KYC exchange for these deals - providers of these often accept sats and if not, they're easy to orange pill.

30 sats \ 2 replies \ @denlillaapan OP 17h

Sooo... There is no revolution, its just hype?

71 sats \ 0 replies \ @SimpleStacker 14h

I've always maintained that a possible outcome for Bitcon is something like TOR.

Forever niche, but having its place.

FWIW, Bitcoin price can continue to go up, even if its impact on society is small and niche

33 sats \ 0 replies \ @028559d218 17h

There is no way to have a revolution without hype. And no way to have hype... without a revolution

63 sats \ 9 replies \ @Scoresby 20h

I'll note there have been very few price posts on SN...

202 sats \ 8 replies \ @Undisciplined 20h

Because we vote with our sats, which are better than eyeballs or dollars.

144 sats \ 7 replies \ @028559d218 18h

Because Stacker News is the real deal

0 sats \ 6 replies \ @denlillaapan OP 17h

...and, you know, dying.

Nuff said.

14 sats \ 5 replies \ @028559d218 17h

What? Dying? What's dying?

18 sats \ 4 replies \ @Scoresby 17h

@denlillaapan is just grumpy cuz bitcoin magazine doesn't have zaps.

102 sats \ 1 reply \ @denlillaapan OP 24m

zaps?! ZAPS?!

Honestly, though, somebody brought it up in a meeting last week... like whyyy though? Just go zap on Nostr, WHERE THE REAL DEAL IS

0 sats \ 0 replies \ @Scoresby 3m

Zaps? Because they are more fun than likes (and useful).

Nostr? Sure, I looked up your npub. One client couldn't find any posts between 9 August and 19 August. Another could.

Here's a recent post of yours: https://njump.me/nevent1qqs0mjuw5yrr64lu7295lxzmxs08erykz05t2luusm9pejh258dvqrqpzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtczyq3arktn24qedet3vg4h35ktsk0ar66hncszny6cc0pc7nvs8ufh7qcyqqqqqqguwc8m3

Amethyst doesn't show any zaps, nor any interactions. Nostr.band doesn't show any zaps, but it does show two thumbs up things.

On the other hand, posting here got 17 comments and 11 zappers.

Why is nostr "where the real deal is"?

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102 sats \ 1 reply \ @anon 16h

no hes that low station smart person cliche desperate to create bigger losers than himself