Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3326. (Read 26715635 times)
June 28, 2022, 10:01:26 PM
June 28, 2022, 09:31:48 PM
some peeps simply don't have time for a 20 year long bear market.
To be clear: I am not expecting a 20-year bear market for Bitcoin! That was a reductio ad absurdum to show that when corrupt politics and irrational markets are involved, even gold can take a hell of a beating. Historical worst-case extremes. My point: It doesn’t mean that gold isn’t a sound store of value.
Nothing is risk-free: Not Bitcoin, not gold, assuredly not dollars. Long-term buy-and-hold for anything is a trade-off. Spend the time value of money sitting on your capital, and embrace long-term systemic risks, to avoid short-term risks and market irrationality.
I think that anyone who sold gold low was a fool—mindrusting gold! On a related note, I positively predict that in the long term, starting with almost nothing now, I will probably wind up with more BTC than most of the people who are worried now.
besides, 260/850 or more properly 260/650 (because gold was above $650 flat top only for about 7 days) is JUST 69.5 or 60% correction (with at least two bear rallies to ~77% of the flat peak, an equivalent of about 53K in btc). Super long bear with multiple 2X rallies is preferable to 80% down in just half a year (well, we only went -70% so far, to be more precise).
Bitcoin has always been orders of magnitude more volatile than gold. When Bitcoin was up, this made some thoughtless Bitcoiners sneer at gold: Look, our gains are so high while gold almost sits still! Now, the shoe is on the other foot. Now that Bitcoin is down, gold’s % performance in extreme gold bear markets looks great. I don’t think that either line of thinking is justified: My proposition is that Bitcoin and gold are complementary assets—both good, both necessary, with some very different strengths.
BTC probably has much more upside now, due to being such a young market! Big long-term growth potential. BTC also has the practical advantages of being less difficult to obtain anonymously—and of being oh so much easier to store in your own self-custody.
Aside, I find it amusing that two classes of people usually like to sneer at gold: Some (not all) Bitcoiners, and Warren Buffet. Not only Buffet. When the gold market bottomed around 21 years ago, a stock-market professional of my then-acquaintance told me that gold was a bad investment. Hahahah. I didn’t believe him then, and I don’t believe the naysayers about Bitcoin now.
institutional involvement did not pan out as a value stabilizer; this, at least, is clear.
With the possible exception of a few particular investors, institutional money was never Bitcoin’s friend. My theory, hereto stated somewhere (not searching now), is that to sustain the onslaught of highly-capitalized institutions who treat BTC merely as an instrument for extracting fiat profits, Bitcoin needs more adoption as money (both s.o.v. and medium of exchange). It is not a new opinion on my part—not at all.
Some of the types who are greedy for fast moons get excited about institutional investment, without really thinking this through. I generally see institutional investment as a challenge that Bitcoin must survive and master, just as it has prevailed in the face of other challenges.
For the record, my current personal text:
Quote
Take profit in BTC. Account PnL in BTC. BTC=money.
The problem with institutional investors is that they account PnL in USD (or EUR, ...). Thus whenever they successfully gain profits instead of losing, they extract capital from BTC rather than giving BTC healthy long-term growth. 
June 28, 2022, 09:11:40 PM
Almost every little 'bobblehead' on youtube/twitter/tradingview keeps blabbering about 10K-14K bottom.
To me it says that it won't be THAT.
My preference (and it looks like the WO on average) is that the bottom was "already", but the whole cycle is messed up so much that it is difficult to be certain.
One thing is for sure: I believe in btc as a medium of exchange much more than the 'store of value' story at this point. It could change, though.
To me it says that it won't be THAT.
My preference (and it looks like the WO on average) is that the bottom was "already", but the whole cycle is messed up so much that it is difficult to be certain.
One thing is for sure: I believe in btc as a medium of exchange much more than the 'store of value' story at this point. It could change, though.
I did not really feel comfortable with presuming that the bottom is in either, but our current bottom of $17,593 on June 18 is still a pretty damned low low, and about 21% below the 200-week moving average at that time. The 200-week moving average continues to move up $20-ish per day, so yeah still bouncing below the 200-week moving average but recovered (for now) from the low)...
The current BTC price placement is showing some level of calamity for our current predicament, but we cannot really tell if the whole severity of the predicament is already priced in or not... so many naked swimmers have already been exposed.. but I am still thinking that there might be some more naked swimmers that need to be exposed, and it's not the cute ones either....
I surely would prefer for the bottom to be in.. at least reck a few shorts before going down further - but if it is really difficult to know which is the easier path forward and whether enough reckless folks have received their proper and sufficient reckening. There are a lot of overly leveraged folks out there, and we should be able to imagine some potential easy pickings so long as the BTC price can be kept down for a wee bit longer.. I hate to say it.. I hate to say it...
Regarding your comment about storage of value.. that is nearly pure nonsense and I heard that there were some peeps that just want to jump through their computers to batslappening you for that comment. In other words, zoom out ur lil selfie a wee bit.
Almost every little 'shithead' on youtube/twitter/tradingview keeps blabbering about 10K-14K bottom.
To me it says that it won't be THAT.
My preference (and it looks like the WO on average) is that the bottom was "already", but the whole cycle is messed up so much that it is difficult to be certain.
One thing is for sure: I believe in btc as a medium of exchange much more than the 'store of value' story at this point. It could change, though.
To me it says that it won't be THAT.
My preference (and it looks like the WO on average) is that the bottom was "already", but the whole cycle is messed up so much that it is difficult to be certain.
One thing is for sure: I believe in btc as a medium of exchange much more than the 'store of value' story at this point. It could change, though.
The fact that there will only ever be 21 million makes this pretty much a forgone conclusion that over time BTC is and will be a store of value
That's what I be talken about... even though you said it first.
[Edited out]
Roughly steps into the dedicated astro camera area would cost me between $2k and $10k, depending on quality. Not the amount i'm used to throw at my hobbies too often.
Chump-change.
A mere 0.1BTC to 0.5BTC... are we talking ant quantities of monies, here?
Almost every little 'shithead' on youtube/twitter/tradingview keeps blabbering about 10K-14K bottom.
To me it says that it won't be THAT.
My preference (and it looks like the WO on average) is that the bottom was "already", but the whole cycle is messed up so much that it is difficult to be certain.
One thing is for sure: I believe in btc as a medium of exchange much more than the 'store of value' story at this point. It could change, though.
To me it says that it won't be THAT.
My preference (and it looks like the WO on average) is that the bottom was "already", but the whole cycle is messed up so much that it is difficult to be certain.
One thing is for sure: I believe in btc as a medium of exchange much more than the 'store of value' story at this point. It could change, though.
The fact that there will only ever be 21 million makes this pretty much a forgone conclusion that over time BTC is and will be a store of value
it could be, eventually, but it does not feel this way if you consider the period since late 2017.
Get rid of your feelings. Such feelings are not correct. You will thank me later (or at least you should)
No value stored vs inflation whatsoever, objectively. A negative 20% (vs inflation) vs gold's +25% vs inflation, and I dislike gold.
imho, the involvement of financial institutions 'messed' bitcoin up, albeit maybe only temporarily.
imho, the involvement of financial institutions 'messed' bitcoin up, albeit maybe only temporarily.
Yes.. it is ONLY temporary.
Snap out of it.
If financial types could pledge bitcoin en masse (and they did), then the 'store of value' and "clean collateral" stories could be affected.
Yes.. you can spin it.. if you are failing refusing to see what is actually happening.. which is the largest wealth transfer in history.. and at the same time passing through a few speed bumbenings along the way.
TL;DR a new 'story' for bitcoin is needed (or it could be the "old" story of the medium of exchange). The 'store of value' story is in deep hibernation for now.
No new story is needed.
If you want to believe some baloney spin or some dumbass view of the facts, then you are free to fail/refuse to sufficiently/adequately prepare for UPpity.
Gresham's law is still going to continue to cause monetized values to flow into bitcoin, and you can choose not to participate or to underparticipate at your own peril. Yeah, of course, there are no guarantees, but it seems to be one of the strongest and most widely available asymmetric bets that ever existed staring at uie pooie in front of your face, and it is up to you whether to act upon such information in terms of being early to the club or just to deny what you are seeing (or fail to see it).
Aside: What retard ignored the message on the “report to moderator” page, and reported a fair shot I took at Biodom’s nonsense? My post broke no forum rules, generally—let alone WO special rules. The image source was linked on Wikimedia, as seen in the archive. Not asking if a few of the staff here have exceedingly poor judgment. Asking which retard thinks it’s funny to report WO posts that don’t break any rules.
I agree.. that post seemed to have had been a fair pokening for fun... and even arguably artsie fartsie in some kind of way.
June 28, 2022, 09:10:46 PM
"The stimmy checks created such a boon in spending!"
"The economy is strong!"
https://fred.stlouisfed.org/series/M2V
(Focus the graph in between 2020 and now)
"The economy is strong!"
https://fred.stlouisfed.org/series/M2V
(Focus the graph in between 2020 and now)
June 28, 2022, 09:01:21 PM
June 28, 2022, 08:43:43 PM
some peeps simply don't have time for a 20 year long bear market.
besides, 260/850 or more properly 260/650 (because gold was above $650 flat top only for about 7 days) is JUST 69.5 or 60% correction (with at least two bear rallies to ~77% of the flat peak, an equivalent of about 53K in btc). Super long bear with multiple 2X rallies is preferable to 80% down in just half a year (well, we only went -70% so far, to be more precise).
institutional involvement did not pan out as a value stabilizer; this, at least, is clear.
besides, 260/850 or more properly 260/650 (because gold was above $650 flat top only for about 7 days) is JUST 69.5 or 60% correction (with at least two bear rallies to ~77% of the flat peak, an equivalent of about 53K in btc). Super long bear with multiple 2X rallies is preferable to 80% down in just half a year (well, we only went -70% so far, to be more precise).
institutional involvement did not pan out as a value stabilizer; this, at least, is clear.
June 28, 2022, 08:15:28 PM
Quote from: Edward Snowden
Almost every little 'shithead' on youtube/twitter/tradingview keeps blabbering about 10K-14K bottom.
To me it says that it won't be THAT.
My preference (and it looks like the WO on average) is that the bottom was "already", but the whole cycle is messed up so much that it is difficult to be certain.
One thing is for sure: I believe in btc as a medium of exchange much more than the 'store of value' story at this point. It could change, though.
To me it says that it won't be THAT.
My preference (and it looks like the WO on average) is that the bottom was "already", but the whole cycle is messed up so much that it is difficult to be certain.
One thing is for sure: I believe in btc as a medium of exchange much more than the 'store of value' story at this point. It could change, though.
The fact that there will only ever be 21 million makes this pretty much a forgone conclusion that over time BTC is and will be a store of value
it could be, eventually, but it does not feel this way if you consider the period since late 2017.
No value stored vs inflation whatsoever, objectively. A negative 20% (vs inflation) vs gold's +25% vs inflation, and I dislike gold.
imho, the involvement of financial institutions 'messed' bitcoin up, albeit maybe only temporarily.
If financial types could pledge bitcoin en masse (and they did), then the 'store of value' and "clean collateral" stories could be affected.
TL;DR a new 'story' for bitcoin is needed (or it could be the "old" story of the medium of exchange). The 'store of value' story is in deep hibernation for now.
LOL, you are making an inferior imitation of me ten days later. I called the death of the “Bitcoin narrative” with BTC around $18k—but I meant something very different.
I identified the problem, I diagnosed the cause, and I offered a solution. My superior wisdom received no appreciation from thoughtless cheerleaders who are accustomed to sneering at gold—a bad habit that I always detested. Anyone who dislikes gold is a fool: I say that as a lifelong goldbug at heart, who came to Bitcoin for the same reasons.
Now, Biodom, your complaint about Bitcoin is classic weak-hands. This is why I pointed out, as quoted below, that gold had an extreme bear market. If gold could have an extreme and irrational bear-market, in which it did not seem to be acting as a store of value, then so can Bitcoin. Bitcoin’s “story” about a store of value is fine. Only the narratives of faith-based TA astrology need to die—to begone ASAP.
I will quote myself instead of wasting time repeating myself, when I am backed up on other posts drafted and not finished.
Aside: What retard ignored the message on the “report to moderator” page, and reported a fair shot I took at Biodom’s nonsense? My post broke no forum rules, generally—let alone WO special rules. The image source was linked on Wikimedia, as seen in the archive. Not asking if a few of the staff here have exceedingly poor judgment. Asking which retard thinks it’s funny to report WO posts that don’t break any rules.
Economically, the Bitcoin narrative is dead. It is already.* That does not mean that Bitcoin is dead (LOL), but only that savvier Bitcoiners need to get out in front of foreseeable developments—lest they be perceived as deluding themselves with a Reality Distortion Field.
Some parts of the Bitcoin economic narrative are best discarded. (I never believed in PlanB; and I always took four-year cycle theories with a grain of salt, beyond the obvious supply-side effect of the Halvings.) Others are sound in the abstract, but need concrete discussions adjusted to fit reality. For only one example, Bitcoin as a store of wealth is fundamentally sound—if and only if Bitcoin is treated as money, and we burn to the ground every foolish notion that treats Bitcoin as “like a stock”. I have been saying for years that we need to get decoupled from stocks, and coupled to PMs ASAP. (“I told you so.”) That is largely a matter of narratives, and of making the narratives fit reality rather than living in fantasyland: Bitcoin’s nature is not to be a stock. Treating a fundamentally non-stock-like thing as “like a stock” must bring disastrous results, both for individual investors and for the whole Bitcoin market!
People obviously are not generally using Bitcoin as a hedge against inflation. Because they see dollars as “money”, and Bitcoin as a stock-like thing that you trade for money. Anyone who wants to brand me overly theoretical or idealistic: I am the realistic one! Your ideas have been demolished by reality.*
Some parts of the Bitcoin economic narrative are best discarded. (I never believed in PlanB; and I always took four-year cycle theories with a grain of salt, beyond the obvious supply-side effect of the Halvings.) Others are sound in the abstract, but need concrete discussions adjusted to fit reality. For only one example, Bitcoin as a store of wealth is fundamentally sound—if and only if Bitcoin is treated as money, and we burn to the ground every foolish notion that treats Bitcoin as “like a stock”. I have been saying for years that we need to get decoupled from stocks, and coupled to PMs ASAP. (“I told you so.”) That is largely a matter of narratives, and of making the narratives fit reality rather than living in fantasyland: Bitcoin’s nature is not to be a stock. Treating a fundamentally non-stock-like thing as “like a stock” must bring disastrous results, both for individual investors and for the whole Bitcoin market!
People obviously are not generally using Bitcoin as a hedge against inflation. Because they see dollars as “money”, and Bitcoin as a stock-like thing that you trade for money. Anyone who wants to brand me overly theoretical or idealistic: I am the realistic one! Your ideas have been demolished by reality.*
Now, I need to ask you: Do you believe in your heart of hearts that you hodl something desirable?
Gold had a two-decade extreme bear market. Anyone who bought gold at the wrong time had to wait an awful lot longer than four years to be not underwater. I also think that was a politically motivated economic attack, though I don’t want to get into off-topic discussion here that will derail into other matters. (I have mentioned this in some prior post, a few weeks ago... Something about gold-producing countries under international sanctions.)
Only fools declared gold dead. Smart people bought gold as low as ~$260, not so very long ago.
Only fools declared gold dead. Smart people bought gold as low as ~$260, not so very long ago.
In gold’s extreme, extended bear market, after it started crashing, was it smart to sell at $800? $700? $600? Selling for $600 and later re-buying for $300, you could have doubled your gold holding.
...$500? $300? $260? Whoops! Selling for ~$260 (IIRC*) would have been mindrusting gold.
...$500? $300? $260? Whoops! Selling for ~$260 (IIRC*) would have been mindrusting gold.
I do think we can declare TA dead. Declare 200 WMA dead as a reliable Bitcoin Bottom. [...]
That’s better for Bitcoin, in the long run. Let’s stop with the juju, and refocus on long-term value fundamentals.
That’s better for Bitcoin, in the long run. Let’s stop with the juju, and refocus on long-term value fundamentals.
Do we call this “digital gold”? Well, let’s treat it as “like gold”!
Thereupon, I do NOT urge to “HODL as an act of pure faith”. No way!
Some of my recent posts have mentioned refocusing on Bitcoin’s fundamental value. In lieu of an in-depth exploration, here are a few points of cold realism, not “pure faith”:
[...substantial summary of some long-term Bitcoin value fundamentals...]
Thereupon, I do NOT urge to “HODL as an act of pure faith”. No way!
Some of my recent posts have mentioned refocusing on Bitcoin’s fundamental value. In lieu of an in-depth exploration, here are a few points of cold realism, not “pure faith”:
[...substantial summary of some long-term Bitcoin value fundamentals...]
Echo... echo...
About a week ago, when Bitcoin was struggling around $18k–$19k, I showed my posts here to the shark who told me to deleverage at $35k. (Who also freaking told me not to rely on 200 WMA as a bottom—LOL.) He took a glance through WO, and told me to stop wasting my time hanging out with the weak hands here. “Why are people so scared? This is fine. The price is fine. The market is fine. Bitcoin is fine. Stop worrying.”
Don’t get too upset about short term price movements. 1BTC = 1BTC, if you have a time preference longer than 2 years you will be fine.
That’s the spirit! Bitcoin is fine. Only weak hands and leveraged longs will wind up in a world of hurt.
June 28, 2022, 08:07:46 PM
Almost every little 'shithead' on youtube/twitter/tradingview keeps blabbering about 10K-14K bottom.
To me it says that it won't be THAT.
My preference (and it looks like the WO on average) is that the bottom was "already", but the whole cycle is messed up so much that it is difficult to be certain.
One thing is for sure: I believe in btc as a medium of exchange much more than the 'store of value' story at this point. It could change, though.
To me it says that it won't be THAT.
My preference (and it looks like the WO on average) is that the bottom was "already", but the whole cycle is messed up so much that it is difficult to be certain.
One thing is for sure: I believe in btc as a medium of exchange much more than the 'store of value' story at this point. It could change, though.
The fact that there will only ever be 21 million makes this pretty much a forgone conclusion that over time BTC is and will be a store of value
it could be, eventually, but it does not feel this way if you consider the period since late 2017.
No value stored vs inflation whatsoever, objectively. A negative 20% (vs inflation) vs gold's +25% vs inflation, and I dislike gold.
imho, the involvement of financial institutions 'messed' bitcoin up, albeit maybe only temporarily.
If financial types could pledge bitcoin en masse (and they did), then the 'store of value' and "clean collateral" stories could be affected.
TL;DR a new 'story' for bitcoin is needed (or it could be the "old" story of the medium of exchange). The 'store of value' story is in deep hibernation for now.
but gold is subject to vast dilution of value with discovery of new deposits of it.
https://www.mining.com/web/uganda-says-exploration-results-show-it-has-31-million-tonnes-of-gold-ore/
"Muyita said an estimated 320,158 tonnes of refined gold could be extracted from the 31 million tonnes of ore."
quote from link
If true that is more than the 205,000 mined ever see below.
https://www.gold.org/goldhub/data/how-much-gold
and the 2016 estimate of gold mined and in the ground was "About 244,000 metric tons of gold has been discovered to date (187,000 metric tons historically produced plus current underground reserves of 57,000 metric tons). Most of that gold has come from just three countries: China, Australia, and South Africa. The United States ranked fourth in gold production in 2016."
google quote above,
so the 244,000 world total mined and not mined yet total to go to over 500,000
mined and not mined yet.
Which means about a 50% dilution of value for gold.
How about that find and a second find in Africa and the asteroid they are looking at all come true in under 20 years.
gold could move from a 244,000 grand total estimate to 1,000,000 total in the next ten years to twenty years.
I consider gold to have more risk than BTC or Silver.
Reason for silver is there is more of it so find a lot more is less likely.
1,600,000 tons of silver has been mined already. I am thinking finding 1,600,000 more tons of silver is less likely .
than finding 320,000 tons of gold (just been found) so I fear gold's staying power.
Do silver and BTC. But I am only talking about what I like to do.
yes, sure, I am aware, good points.
Perhaps this discovery being "priced in" resulted in almost no rise significantly despite the 5X increase in M1 since 2020.
https://fred.stlouisfed.org/series/M1SL
because of what you posted, I am reluctant to buy gold, but was just saying that it did better than btc since 2017, but worse than btc since covid crash.
June 28, 2022, 08:03:28 PM
June 28, 2022, 07:57:05 PM
Almost every little 'shithead' on youtube/twitter/tradingview keeps blabbering about 10K-14K bottom.
To me it says that it won't be THAT.
My preference (and it looks like the WO on average) is that the bottom was "already", but the whole cycle is messed up so much that it is difficult to be certain.
One thing is for sure: I believe in btc as a medium of exchange much more than the 'store of value' story at this point. It could change, though.
To me it says that it won't be THAT.
My preference (and it looks like the WO on average) is that the bottom was "already", but the whole cycle is messed up so much that it is difficult to be certain.
One thing is for sure: I believe in btc as a medium of exchange much more than the 'store of value' story at this point. It could change, though.
The fact that there will only ever be 21 million makes this pretty much a forgone conclusion that over time BTC is and will be a store of value
it could be, eventually, but it does not feel this way if you consider the period since late 2017.
No value stored vs inflation whatsoever, objectively. A negative 20% (vs inflation) vs gold's +25% vs inflation, and I dislike gold.
imho, the involvement of financial institutions 'messed' bitcoin up, albeit maybe only temporarily.
If financial types could pledge bitcoin en masse (and they did), then the 'store of value' and "clean collateral" stories could be affected.
TL;DR a new 'story' for bitcoin is needed (or it could be the "old" story of the medium of exchange). The 'store of value' story is in deep hibernation for now.
but gold is subject to vast dilution of value with discovery of new deposits of it.
https://www.mining.com/web/uganda-says-exploration-results-show-it-has-31-million-tonnes-of-gold-ore/
"Muyita said an estimated 320,158 tonnes of refined gold could be extracted from the 31 million tonnes of ore."
quote from link
If true that is more than the 205,000 mined ever see below.
https://www.gold.org/goldhub/data/how-much-gold
and the 2016 estimate of gold mined and in the ground was "About 244,000 metric tons of gold has been discovered to date (187,000 metric tons historically produced plus current underground reserves of 57,000 metric tons). Most of that gold has come from just three countries: China, Australia, and South Africa. The United States ranked fourth in gold production in 2016."
google quote above,
so the 244,000 world total mined and not mined yet total to go to over 500,000
mined and not mined yet.
Which means about a 50% dilution of value for gold.
How about that find and a second find in Africa and the asteroid they are looking at all come true in under 20 years.
gold could move from a 244,000 grand total estimate to 1,000,000 total in the next ten years to twenty years.
I consider gold to have more risk than BTC or Silver.
Reason for silver is there is more of it so find a lot more is less likely.
1,600,000 tons of silver has been mined already. I am thinking finding 1,600,000 more tons of silver is less likely .
than finding 320,000 tons of gold (just been found) so I fear gold's staying power.
Do silver and BTC. But I am only talking about what I like to do.
June 28, 2022, 07:37:50 PM
The image is 4.36 megs and you're limited to 2.5 - that's the problem. I changed the compression to 73% so there's no way it will look as awesome as it should... people should follow your link instead.
Awesome pic.
So many stars!
I wonder if all (or almost all) of these are empty worlds. Seems like a waste of space, but on the other hand, where is "magic" in the sky?
Certainly, there is nothing out there that "looks" like like an advanced civilization of Kardashev scale >2.0
Normally, a civilization that is growing at 3% a year in energy consumption, should reach type 1 (from current 0.73) in 100-200 years, type 2 in a few thousand years and type 3 in a 100K-million years.
Not all stars appeared at the same time. In fact there are many stars in the Milky way that are billions of years older than our Sun.
If it takes "only" about a million years for a tech civilization to reach type 3 (with projects on the galaxy size) and there were MANY stars older than Sun.
In fact, one paper suggests that an average star with a habitable zone is 3.3bil years OLDER than our Sun.
The sad conclusion is that NO ONE has made it to be past stage 2 (at least).
References:
https://en.wikipedia.org/wiki/Kardashev_scale
https://arxiv.org/ftp/arxiv/papers/1509/1509.02832.pdf
June 28, 2022, 07:23:35 PM
Much obliged... my new setup thanks to you!
June 28, 2022, 07:06:13 PM
For you i will say that You are in our hearts,
Everytime it Pumps the Blood to the Body we use to know that you are with us.
How it sounds like feel the depth of the words and just dive into by the way.
Always Do great and be GOAT one day Hope you get it
How's it the
June 28, 2022, 07:03:33 PM
June 28, 2022, 06:51:55 PM
My wife thought we were playing another game of "Wall Observer where am I?"
June 28, 2022, 06:47:35 PM
The image is 4.36 megs and you're limited to 2.5 - that's the problem. I changed the compression to 73% so there's no way it will look as awesome as it should... people should follow your link instead.
June 28, 2022, 06:21:01 PM
June 28, 2022, 06:18:08 PM
Almost every little 'shithead' on youtube/twitter/tradingview keeps blabbering about 10K-14K bottom.
To me it says that it won't be THAT.
My preference (and it looks like the WO on average) is that the bottom was "already", but the whole cycle is messed up so much that it is difficult to be certain.
One thing is for sure: I believe in btc as a medium of exchange much more than the 'store of value' story at this point. It could change, though.
To me it says that it won't be THAT.
My preference (and it looks like the WO on average) is that the bottom was "already", but the whole cycle is messed up so much that it is difficult to be certain.
One thing is for sure: I believe in btc as a medium of exchange much more than the 'store of value' story at this point. It could change, though.
The fact that there will only ever be 21 million makes this pretty much a forgone conclusion that over time BTC is and will be a store of value
it could be, eventually, but it does not feel this way if you consider the period since late 2017.
No value stored vs inflation whatsoever, objectively. A negative 20% (vs inflation) vs gold's +25% vs inflation, and I dislike gold.
imho, the involvement of financial institutions 'messed' bitcoin up, albeit maybe only temporarily.
If financial types could pledge bitcoin en masse (and they did), then the 'store of value' and "clean collateral" stories could be affected.
TL;DR a new 'story' for bitcoin is needed (or it could be the "old" story of the medium of exchange). The 'store of value' story is in deep hibernation for now.
June 28, 2022, 06:14:29 PM
Hey Bros, i'm in a hurry, so here's that promised photo from NGC7000 (North America Nebula). Seond try, because my lens fogged in the humid air of the night.
Details: 200mm lens on a H-Alpha modified DSLR, 100x25 sec frames for the stars, 20x60 sec frames for the nebula.
Details: 200mm lens on a H-Alpha modified DSLR, 100x25 sec frames for the stars, 20x60 sec frames for the nebula.
Thanks a ton for the sMerit shower
I was out last night to take another one, from a different region of the milky way, more zoomed out than the one i posted yesterday.
There were some thin clouds in the first half and distant lightnings illuminating (light-polluting) the sky in the second half of the session, but since i captured more than 4 hours worth of light data, it would be a waste to just move the files to the recycle bin (aka. /dev/null) before even trying to get a nice astrophoto out of them.
A dedicated astro camera plus filters would be delivering much finer resolutions, but i'll have to rip out my laser eyes ($100k, sure y'all remember) to be ready to spend so much money on a little piece of electronics in a housing as big as half a pepsi can.
Gonna take some time to regain lost sleep and backread the WO, right after grandmother-in-law's funeral has gone by this evening.
So much to do, so little time
Good day!
And behave, will you, ChartBuddy?!
What kind of costs are "we" (really you in this case) talking about. and what makes that kind of camera and set up different from the one(s) that you have been using? I would imagine that the more expensive set ups would have greater light gathering capabilities - so potentially BIGGER lenses.. but just BIGGER would not necessarily be better either.. I recall some of the ways that light is processed can have different kinds of set ups too... but you said that some of your cameras actually are able to move with their target while you are doing the slower shutter times..
Generally speaking, yes. Still there are some strengths of ccd astrocameras. They are cooled, so you don't need to take dozens of longtime exposure images of "black", to remove unwanted noise (by sensor heating and signal/noise ratio) in boring post-production hours. Resolution is about four times better, so much more details in finer structures in the image. There's more, but i'll spare it for today. Roughly steps into the dedicated astro camera area would cost me between $2k and $10k, depending on quality. Not the amount i'm used to throw at my hobbies too often.
I'm dead tired and here is my latest piece. Forgot the watermark, though.
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