Daily Discussion, January 12, 2023

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40 thoughts on “Daily Discussion, January 12, 2023”

  1. Bitcoin was holding firm at $16xxxK while other assets were bleeding. Bitcoin then began its New Year green run while lots of other assets were still red.

    Maybe this time its different.

    $100K run begins here.

  2. Perfect timing for a rally. I just finished The Bullish Case for Bitcoin and am 35% away from my full node being up and running. Only downside is that I’m not a full coiner yet!

  3. I believe this latest chart formation is being caused by a terrifying fear of an imminent stock market and bond market crash. IMHO.

  4. So funny to see headlines like β€œBitcoin rises on easing inflation.” I guess people still don’t understand what Bitcoin is.

  5. I think I’ll give chatgpt a voice sometimes… for example:

    “The price of Bitcoin is highly volatile and can be affected by various factors, so it’s difficult to say for certain why the price is rising despite a rising interest rate and a falling inflation rate. However, there are a few potential reasons that could explain this phenomenon:
    Adoption and usage: Despite the interest rate and inflation rate, if the number of people using Bitcoin and the number of transactions on the network continue to increase, it could drive up the price.
    Institutional Interest: The increasing interest and involvement of institutional investors, such as hedge funds and family offices, in the market can also drive up the price. They have been investing in Bitcoin and other cryptocurrencies as a way to diversify their portfolio and hedge against inflation.
    Scarcity: Bitcoin has a finite supply, only 21 million will ever be mined, which can make it more attractive as an investment. As demand increases and the supply remains constant, this can drive up the price.
    Publicity: Increased media coverage and awareness of Bitcoin can lead to more individuals and institutions investing in it, which can drive up the price.
    Global events: Political instability, natural disasters and other global events can also drive demand for Bitcoin as a safe haven asset, which can drive up the price.
    It’s important to note that it’s hard to predict the exact impact of any single factor on the price of Bitcoin, and the market is complex and multifaceted. Therefore it’s always important to conduct thorough research and consult with a financial advisor before making any investment decisions.”

  6. What would happen if the US defaulted on its debt? Would that be good or bad for bitcoin?

  7. My addiction is watching HC Burger’s Power Law

    Since November BTC’s price has been scraping only just above the minimum price line, but it’s not crossed the line yet.

    Each time I think the line must be crossed, something gives BTC a boost!

    If BTC simply stays above this line it will be good for me.

  8. I just had my first “Bitcoin is up so and so percent” from Coinbase in a long time. I’m BACK. πŸ™‚

  9. I wonder if all the FTX press has been good for Bitcoin. πŸ€”

    You can’t even buy that kind of news coverage.

  10. Just updated Muun wallet and you can now choose the receiving protocol, Bitcoin first, Lightning first or unified (experimental). So I tried unified, it automatically converted a segwit address into a LN address and it worked fine but I couldn’t check the LN address. This way I didn’t have to create an invoice, it’s like they’re trying to improve the use of submarine swaps but the trust part, I don’t know.

  11. Just think back to all the FUD and it seems like a distant memory. Shit just keeps producing blocks through all of it.

  12. Does the SEC action against Gemini and Genesis have positive implications for BTC?

  13. Hey, I’m very new to bitcoin.

    It’s risen 8% since I’ve invested.

    Is there anyway I can research the market drivers for this increase? It’s the most in a while. I want to be able to answer these questions by myself.

    Is it time to be bullish on this?

    Should I increase my investment at this point?

    I’d appreciate tips however.

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