Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3669. (Read 26608807 times)
April 10, 2022, 04:04:21 PM
April 10, 2022, 03:24:43 PM
I’m bad at TA, so I just HODL. It is easy and good for profits.
Bitcoin wasn't created to make you rich. It was created to make you free.
Freedom can destroy you..
Note my words
You need be in a orbit of rules and regulations.
Freedom is not good for you and others because i. Freedom there there will be no one to stop you from violation and and then just imagine.
Need a Line of End and limits always
Like we need some set of regulation where it's not possible for your neighbour to rob your house, just because he has amassed more weapons.
As a simple example.
But we need to define where regulations are not useful anymore like look at China, it's not a good country. Government has released too much regulations, Bitcoin is banned, and no free market like in EU or US.
It's far too much regulation.
But a regulation, where our neighbour is not allowed to rob my house just because he has amassed more weapons, is very important to have in place.
April 10, 2022, 03:14:25 PM
April 10, 2022, 03:12:33 PM
afternoon charts with some new medium looking fibs
dyor
4h
D
stronghands
dyor
4h
D
stronghands
April 10, 2022, 03:08:15 PM
I’m bad at TA, so I just HODL. It is easy and good for profits.
Bitcoin wasn't created to make you rich. It was created to make you free.
Most posts here are about price discussion (BTC/USD)...
You even have a price bot here?
I don't wanted to intend to shill an undemocratic shitcoin like Ripple or Binance coin.
So....
For some reason, this person decided to make his first forum post in WO. 
Am I not allowed to post here as a newbie? I didn't see any rule prohibiting it? I have seen already some pro HODL comments here, so I wanted to add one.
For some reason, this person decided to make his first forum post in WO.
I whitelisted him. He could be a long-term reader who finally decided to join Starting in WO is much better than some dumb bounty thread!
I mean I am jealous that he found the correc path in the beginning itself.
Didn’t meant any negative aspect 🤝
wagmi
For some reason, this person decided to make his first forum post in WO.
Is that your account?!?
wagmi
For some reason, this person decided to make his first forum post in WO.
I whitelisted him. He could be a long-term reader who finally decided to join Starting in WO is much better than some dumb bounty thread!
I mailed you and at first my arguments were not enough but you gave me a second chance! Very nice from you!
I will try to provide some pro Bitcoin and pro HODL comments here!
April 10, 2022, 03:07:55 PM
Don't bother, those ants are mozleem. And it is also the 'Ramadan'.
Those ants are moving clockwise because they are from the Southern Hemisphere or Australia. The Jews move counter-clockwise because the Arabian Peninsula is in the Northern Hemisphere.
April 10, 2022, 03:01:21 PM
April 10, 2022, 02:56:34 PM
I personally have never been a big fan of raspberry pi as the main brain for bitcoind and lnd.
When i went down this path, i knew it was going to be on a bare metal computer and not a raspberry pi or similar. I also wanted to build, install and configure everything from scratch to really understand how things work "under the hood" and why it is done that way.
I ended up with the following hardware spec, most were just laying around... collecting dust...
LN Node Type: ClearNet (8DegreesWO)
Intel(R) Core(TM) i5-6400 CPU @ 2.70GHz
Corsair 16GB DDR4
Gigabyte ITX Board (Small Form Factor)
3 x 1TB Samsung PRO SSD (2 Drives in RAID1 with 1 Spare (Not connected Still in a Box))
Corsair 550WATT PS
APC 750VA Smart UPS
Software: CentOS/bitcoind/lnd
It may be overkill, but I think i have speed/redundancy and reliability covered...
The most important reason of having a ClearNet Node, in my opinion is, both TOR and ClearNet Nodes can open a channel to you at any time. Where as, if you are a TOR node, only another TOR node can initiate a new channel.
Some of the biggest nodes are TOR. This isn't the reason you are "missing out"
LN by nature isn't transparent, so we are never sure who is routing what, how or where. You will only ever see what comes in and out, never the origin or destination, so who you connect to makes a huge difference.
You need to really think about where to position yourself in the grand scheme of things. If you think you are going to compete with the big boys then you are going to need more than 270,000,000 SAT.
I also noticed you are primarily connected to the big LN Nodes. You need to step back and see the bigger picture, why would they route through you? when they can just go direct to each other, using their existing channels.
You need to visualize how the SATS will flow... Using the channels you have opened now, Do you think it will go from "BCash_Is_Trash -> YOU -> Kraken"?, "BCash_Is_Trash -> Kraken" is more likely how the SAT will flow.
You need to have a plan and strategy that make sense, not just open random channels with anyone. (BTW why do you have two channels with Kraken)
From my experience, it doesn't matter how balance each individual channels are, what matter most is how balance your overall LN node is.
The ratio I used is outbound:inbound. Try aim for 1:1 to 1.3:1. That means 270,000,000, have Outbound of 135,000,000 and inbound of 135,000,000 for a 1:1 etc....
I made some mistakes early in the LN games, almost threw in the towel, but have soldiered on and am now happy with where I am.
Been online 18th September 2021 (204 days)
Uptime: 99%
LN Node Size: 430,618,597 SAT (4.3BTC)
Routing Stats
Total Amount: 356,586,094 SAT (3.5BTC)
Total Transactions: 1,803
Total Fees: ###,### SATS
Channel Stats
Opened: 114
Closed: 56
I still get spikes in routing. Not a smooth daily consistency that you would expect. Some days you get ZERO routes. Other days you get 50+.
Also, if you are keeping this node active, I've got a spare 6M SATs i can open up to you with.
When i went down this path, i knew it was going to be on a bare metal computer and not a raspberry pi or similar. I also wanted to build, install and configure everything from scratch to really understand how things work "under the hood" and why it is done that way.
I ended up with the following hardware spec, most were just laying around... collecting dust...
LN Node Type: ClearNet (8DegreesWO)
Intel(R) Core(TM) i5-6400 CPU @ 2.70GHz
Corsair 16GB DDR4
Gigabyte ITX Board (Small Form Factor)
3 x 1TB Samsung PRO SSD (2 Drives in RAID1 with 1 Spare (Not connected Still in a Box))
Corsair 550WATT PS
APC 750VA Smart UPS
Software: CentOS/bitcoind/lnd
It may be overkill, but I think i have speed/redundancy and reliability covered...
The most important reason of having a ClearNet Node, in my opinion is, both TOR and ClearNet Nodes can open a channel to you at any time. Where as, if you are a TOR node, only another TOR node can initiate a new channel.
Some of the biggest nodes are TOR. This isn't the reason you are "missing out"
LN by nature isn't transparent, so we are never sure who is routing what, how or where. You will only ever see what comes in and out, never the origin or destination, so who you connect to makes a huge difference.
You need to really think about where to position yourself in the grand scheme of things. If you think you are going to compete with the big boys then you are going to need more than 270,000,000 SAT.
I also noticed you are primarily connected to the big LN Nodes. You need to step back and see the bigger picture, why would they route through you? when they can just go direct to each other, using their existing channels.
You need to visualize how the SATS will flow... Using the channels you have opened now, Do you think it will go from "BCash_Is_Trash -> YOU -> Kraken"?, "BCash_Is_Trash -> Kraken" is more likely how the SAT will flow.
You need to have a plan and strategy that make sense, not just open random channels with anyone. (BTW why do you have two channels with Kraken)
From my experience, it doesn't matter how balance each individual channels are, what matter most is how balance your overall LN node is.
The ratio I used is outbound:inbound. Try aim for 1:1 to 1.3:1. That means 270,000,000, have Outbound of 135,000,000 and inbound of 135,000,000 for a 1:1 etc....
I made some mistakes early in the LN games, almost threw in the towel, but have soldiered on and am now happy with where I am.
Been online 18th September 2021 (204 days)
Uptime: 99%
LN Node Size: 430,618,597 SAT (4.3BTC)
Routing Stats
Total Amount: 356,586,094 SAT (3.5BTC)
Total Transactions: 1,803
Total Fees: ###,### SATS
Channel Stats
Opened: 114
Closed: 56
I still get spikes in routing. Not a smooth daily consistency that you would expect. Some days you get ZERO routes. Other days you get 50+.
Also, if you are keeping this node active, I've got a spare 6M SATs i can open up to you with.
Thanks, that's some great feedback.
I can agree that I haven't had much of a strategy when opening most my channels. I have mainly participated in liquidity swaps at https://lightningnetwork.plus in order to gain both inbound and outbound liquidity. But that's a bit of a lottery. Some channels are great, others not so much.
BCash_Is_Trash actually opened a channel to me though, and it has performed pretty well too.
The reason I have two channels with Kraken is as follows, let me quote a previous post I made
Once they announced the support I opened a 0.15 btc channel to them (they were kind enough to open a 0.15 channel back to me as well) and tried to deposit some btc. The deposit was instant and the fee was 0 sats. Pretty sweet! Now I have some real use-case of running a node other than just supporting the growth of the network.
I don't know why they opened one channel back to me though. Maybe their script identified me as a customer, giving me both inbound and outbound liquidity with them. Either way, I'm not complaining. Balancing my node using their services is also fairly cheap compared to other options (e.g. LOOP). I can deposit funds to them without any fees via lightning, and then do an on-chain withdraw back to my wallet for a 2000 sats fee (their lightning withdraw fee is 1000 sats).
Oh well, I guess my node isn't performing that bad. I just think it could perform better running on clearnet with some proper hardware. But that project has to wait for a bit, I'm going away for a couple of weeks now.
Thanks for the offer on open a channel to me, but let me open one instead. I have been having more inbound than outbound lately, so I'm trying to get it as balanced as I can, as you suggested. Currently 1.34 btc outbound and 1.42 btc inbound.
April 10, 2022, 02:49:10 PM
Sounds like a Vampiric Blood Sucking Leech of a R0ach!
LOL.
Good morning liars, pussies, and free people.
Man... Your post just took a turn to the extreme of what Juan-ita is doing. And it brought me to the conclusion that JJG had no friends.
I mean, Juanita probably has more friends now since he posts less often then he did before in the past.
So.. don't you have irl friends to keep you busy irl and have less energy and determination to post around here and dissect like a frog surgeon all the comments around here??
ANd yes. Juanita is also a Frog Surgeon.
Are you trying to get me mad at you or to just die from uncontrollable laughter?
I am hurting so badly from the profundities of your insulting insights.
Don't feed the trolls JuanitaChiChi.
I lost my patience and started calling people names long ago.
Save the RF.. always on the edge of innovation.
Go figure.
Yes.... that IQ game was interesting.
I really wanted it to be part of the forum system somehow merging with merit system to improve the post quality.
In the real world, IQ can also be interesting - but likely in the end, it might depend upon how well something like that might be applied to various opportunities in the world - whether we are referring to the analysis of bitcoin and its possible direction or even other various opportunities that might exist out there - in terms of career choices.
Another dilemma can be real world meat space issues, and I suppose when we are younger we might have to attempt focus some of our physical urges depending upon opportunities that might automatically be available based on being born into a position, or if there might be some need to attempt to put yourself into a better position. A minority of folks are born into positions of privilege, but we have also learned that we are going to have more opportunities depending on which part of the world in which we are born, too.
Attempting to bring this back to bitcoin, there may well be some folks who are not really privileged or even high IQ, but they still are either lucky or insightful enough to identify bitcoin relatively early in their life (or at least when they are at least young enough in which identifying bitcoin can make a meaningful difference for them). So, I suppose that i am trying to suggest that IQ might ONLY be one of the aspects of identifying bitcoin and getting into it.. and there also might be some reverse correlation, too, in the sense that some folks with high IQ and even born into some kinds of social/financial privilege might end up NOT identifying bitcoin as early as someone with lower IQ and less social/financial privileges, so in that regard bitcoin can end up serving as a great leveler for folks who had been less advantaged but merely insightful enough to identify bitcoin as a potential opportunity, and to act upon their place of superior knowledge (even if they had encountered some luck in regards to getting to that superior knowledge regarding bitcoin as a topic).
Another dilemma can be real world meat space issues, and I suppose when we are younger we might have to attempt focus some of our physical urges depending upon opportunities that might automatically be available based on being born into a position, or if there might be some need to attempt to put yourself into a better position. A minority of folks are born into positions of privilege, but we have also learned that we are going to have more opportunities depending on which part of the world in which we are born, too.
Attempting to bring this back to bitcoin, there may well be some folks who are not really privileged or even high IQ, but they still are either lucky or insightful enough to identify bitcoin relatively early in their life (or at least when they are at least young enough in which identifying bitcoin can make a meaningful difference for them). So, I suppose that i am trying to suggest that IQ might ONLY be one of the aspects of identifying bitcoin and getting into it.. and there also might be some reverse correlation, too, in the sense that some folks with high IQ and even born into some kinds of social/financial privilege might end up NOT identifying bitcoin as early as someone with lower IQ and less social/financial privileges, so in that regard bitcoin can end up serving as a great leveler for folks who had been less advantaged but merely insightful enough to identify bitcoin as a potential opportunity, and to act upon their place of superior knowledge (even if they had encountered some luck in regards to getting to that superior knowledge regarding bitcoin as a topic).
Before checking the on-chain data, I used to think that my assumption of Bitcoin going down was just a speculation and some trend lines on TA however I realised that the 4 year cycle is in the play.
If we look at the Miner Capitulation, I am able to see the price going a bit down just to get ready for the next cycle.
I will be starting to DCA once we see Monthly RSI in 40's range. I mean, I might fail if it goes the wrong way however I am going to believe myself for once and will support my plan.
After being on WO and being in the community, I can say that I am not going to touch any Altcoin ever in my life. When I started, I bought an equal share of BTC and ETH however this time being, it will be BTC only. That's what my plan is and I am sure everyone got a different game plan in their mind.
Bitcoin reward era compare: This chart seeks to illustrate the kinds of returns one would have made on a Bitcoin investment over any given halving period. It does this by breaking up Bitcoin’s history into ‘Eras’, where each halving event marks a new era.
I find that sometimes you have an awkward way of phrasing things.. at least that's how it strikes me. I do appreciate your acceptance that there are likely more things going on within bitcoin price dynamics than merely attempting to point out some seemingly random indicators in order to attempt to identify some "holy grails" and in some sense, maybe guys (and gal?) have to go through some of those kinds of processes in order to attempt to better understand various aspects of bitcoin price dynamics and even to appreciate some longer timeline considerations.. so that you have come to appreciate the stock to flow and four year fractal aspects, which seems to be helpful to your own framings.. and even if you have not articulated another underlying bitcoin price dynamic which is likely the exponential s-curve adoption based on network effects and Metcalfe principles, there can be some level of inevitable necessity to have to account for some of those aspects of bitcoin, even if it may well be difficult to exactly figure out how to measure those various ongoing adoption levels.
Regarding purported mining capitulation, that seems to be a kind of fantasy (if not largely misleading framework). If you look at current hashrate levels we are at the very tipity-top of the all time high hashrates, and last two week period had gone up more than 4% and this period only has a few days left and is ONLY less than negative 1% at current typing of this post. Those seem to continue to be outrageously high levels of ongoing support that continues to go into mining - even if we might see some short term declines in hashrate, and if you are not appreciating the recovery from the mid-2021 China effects on the hashrate then maybe you are underplaying how ongoingly bullish hashrate seems to be - even if there continues to be blackbox aspects to many of its details.
Regarding shitcoins for sure each of us has to consider the extent that we might want to get involved in any of that both in terms of how to spend our time (mental energies) and our finances (whether to dilute our bitcoin investment amounts)... including if we might consider that it might be valuable use of our time to investing into matters on a short term basis versus longer term investing such as 4-10 years or more. It is not like any of us can choose what values other have, even though we can express our preferences, including how we might mention any of that shitcoin nonsense in this thread or not. For sure, there are times in which some mentioning might be helpful, even if we might be bringing up the topic on our own versus responding to the ideas of some of the other member posts in this thread, so surely there can be tweaks of our plans, strategizing and actions along the way to get our approach (whether balanced or not) to be more in line with our assessments of our finances and psychology in the way that we view bitcoin as compared with other investments and as compared with shitcoins too (if any particular one (or more of them) might be considered as an investment rather than considering as some kind of short-term gamble play).
My man.... still here and still with the mega posts....
April 10, 2022, 02:47:08 PM
I would suggest the second strategy suffered more from the bull market making buying less common than once per month. If you were to adjust for that it might even come out ahead... How to adjust?
To adjust that, I used double the investment per buying in Strategy 2 as compared to the first. I see people usually suggest to buy on red candles and that lead for me to use it in this test particularly. April 10, 2022, 02:45:23 PM
Disgusting. Now they have problem with dogs and cats.
Feeling so sad.
☹️☹️☹️
https://mobile.twitter.com/Cynthia32496545/status/1513202563084165128
If they have problem with them.(which I think not a problem). So they can separate them. Why they are killing.?
So sad.😔
Feeling so sad.
☹️☹️☹️https://mobile.twitter.com/Cynthia32496545/status/1513202563084165128
If they have problem with them.(which I think not a problem). So they can separate them. Why they are killing.?
So sad.😔
Not cool man...... not fucking cool at all.
April 10, 2022, 02:41:19 PM
I would suggest the second strategy suffered more from the bull market making buying less common than once per month. If you were to adjust for that it might even come out ahead... How to adjust?
April 10, 2022, 02:28:23 PM
Binance given a challenge. I think it is SATOSHI NAKAMOTO
https://mobile.twitter.com/binance/status/1513185320891817989
https://mobile.twitter.com/binance/status/1513185320891817989
April 10, 2022, 02:15:55 PM
Bitcoin DCA Strategy Comparison
I was thinking about making a post on DCA. For the post, I will use these variables.
- Strategy 1 (Buying Every Month)
Amount to DCA: $100 per Month
When to Buy: 1st of Every Month
Duration: 1st Jan 2015 to 1st April 2022
- Strategy 2 (Buying on Monthly Red Candles)
Amount to DCA: $200 per Buying
When to Buy: Red Monthly Candle
Duration: 1st Jan 2015 to 1st April 2022
I made a Python code using CoinGecko Historical Data to get the information for Strategy 1.
For Strategy 2, I made a list of dates which had red candle, everything else was same.
Results:
- Strategy 1:
No. of Buyings: 88
Amount Invested: 88x100 = $8800
Amount of BTC Own via Strategy 1: 8.079 BTC
Cost per BTC: 8800/8.079 = 1089.24
Current Profit: 8.079 * 43000 - 8800: $338,597
- Strategy 2:
No. of Buyings: 39
Amount Invested: 39*200 = $7800
Amount of BTC Own via Strategy 2: 6.268 BTC
Cost per BTC: 7800/6.268 = 1244.41
Current Profit: 6.268 * 43000 - 7800: $261,724
Strategy 1, i.e. buying on the 1st of every month is the clear winner.
I was thinking about making a post on DCA. For the post, I will use these variables.
- Strategy 1 (Buying Every Month)
Amount to DCA: $100 per Month
When to Buy: 1st of Every Month
Duration: 1st Jan 2015 to 1st April 2022
- Strategy 2 (Buying on Monthly Red Candles)
Amount to DCA: $200 per Buying
When to Buy: Red Monthly Candle
Duration: 1st Jan 2015 to 1st April 2022
I made a Python code using CoinGecko Historical Data to get the information for Strategy 1.
For Strategy 2, I made a list of dates which had red candle, everything else was same.
Results:
- Strategy 1:
No. of Buyings: 88
Amount Invested: 88x100 = $8800
Amount of BTC Own via Strategy 1: 8.079 BTC
Cost per BTC: 8800/8.079 = 1089.24
Current Profit: 8.079 * 43000 - 8800: $338,597
- Strategy 2:
No. of Buyings: 39
Amount Invested: 39*200 = $7800
Amount of BTC Own via Strategy 2: 6.268 BTC
Cost per BTC: 7800/6.268 = 1244.41
Current Profit: 6.268 * 43000 - 7800: $261,724
Strategy 1, i.e. buying on the 1st of every month is the clear winner.
April 10, 2022, 02:06:56 PM
April 10, 2022, 02:01:21 PM
April 10, 2022, 01:47:11 PM
April 10, 2022, 01:30:29 PM
Sounds like a Vampiric Blood Sucking Leech of a R0ach!
LOL.
Good morning liars, pussies, and free people.
Man... Your post just took a turn to the extreme of what Juan-ita is doing. And it brought me to the conclusion that JJG had no friends.
I mean, Juanita probably has more friends now since he posts less often then he did before in the past.
So.. don't you have irl friends to keep you busy irl and have less energy and determination to post around here and dissect like a frog surgeon all the comments around here??
ANd yes. Juanita is also a Frog Surgeon.
Are you trying to get me mad at you or to just die from uncontrollable laughter?
I am hurting so badly from the profundities of your insulting insights.
Don't feed the trolls JuanitaChiChi.
I lost my patience and started calling people names long ago.
Save the RF.. always on the edge of innovation.
Go figure.
Yes.... that IQ game was interesting.
I really wanted it to be part of the forum system somehow merging with merit system to improve the post quality.
In the real world, IQ can also be interesting - but likely in the end, it might depend upon how well something like that might be applied to various opportunities in the world - whether we are referring to the analysis of bitcoin and its possible direction or even other various opportunities that might exist out there - in terms of career choices.
Another dilemma can be real world meat space issues, and I suppose when we are younger we might have to attempt focus some of our physical urges depending upon opportunities that might automatically be available based on being born into a position, or if there might be some need to attempt to put yourself into a better position. A minority of folks are born into positions of privilege, but we have also learned that we are going to have more opportunities depending on which part of the world in which we are born, too.
Attempting to bring this back to bitcoin, there may well be some folks who are not really privileged or even high IQ, but they still are either lucky or insightful enough to identify bitcoin relatively early in their life (or at least when they are at least young enough in which identifying bitcoin can make a meaningful difference for them). So, I suppose that i am trying to suggest that IQ might ONLY be one of the aspects of identifying bitcoin and getting into it.. and there also might be some reverse correlation, too, in the sense that some folks with high IQ and even born into some kinds of social/financial privilege might end up NOT identifying bitcoin as early as someone with lower IQ and less social/financial privileges, so in that regard bitcoin can end up serving as a great leveler for folks who had been less advantaged but merely insightful enough to identify bitcoin as a potential opportunity, and to act upon their place of superior knowledge (even if they had encountered some luck in regards to getting to that superior knowledge regarding bitcoin as a topic).
Another dilemma can be real world meat space issues, and I suppose when we are younger we might have to attempt focus some of our physical urges depending upon opportunities that might automatically be available based on being born into a position, or if there might be some need to attempt to put yourself into a better position. A minority of folks are born into positions of privilege, but we have also learned that we are going to have more opportunities depending on which part of the world in which we are born, too.
Attempting to bring this back to bitcoin, there may well be some folks who are not really privileged or even high IQ, but they still are either lucky or insightful enough to identify bitcoin relatively early in their life (or at least when they are at least young enough in which identifying bitcoin can make a meaningful difference for them). So, I suppose that i am trying to suggest that IQ might ONLY be one of the aspects of identifying bitcoin and getting into it.. and there also might be some reverse correlation, too, in the sense that some folks with high IQ and even born into some kinds of social/financial privilege might end up NOT identifying bitcoin as early as someone with lower IQ and less social/financial privileges, so in that regard bitcoin can end up serving as a great leveler for folks who had been less advantaged but merely insightful enough to identify bitcoin as a potential opportunity, and to act upon their place of superior knowledge (even if they had encountered some luck in regards to getting to that superior knowledge regarding bitcoin as a topic).
Before checking the on-chain data, I used to think that my assumption of Bitcoin going down was just a speculation and some trend lines on TA however I realised that the 4 year cycle is in the play.
If we look at the Miner Capitulation, I am able to see the price going a bit down just to get ready for the next cycle.
I will be starting to DCA once we see Monthly RSI in 40's range. I mean, I might fail if it goes the wrong way however I am going to believe myself for once and will support my plan.
After being on WO and being in the community, I can say that I am not going to touch any Altcoin ever in my life. When I started, I bought an equal share of BTC and ETH however this time being, it will be BTC only. That's what my plan is and I am sure everyone got a different game plan in their mind.
Bitcoin reward era compare: This chart seeks to illustrate the kinds of returns one would have made on a Bitcoin investment over any given halving period. It does this by breaking up Bitcoin’s history into ‘Eras’, where each halving event marks a new era.
I find that sometimes you have an awkward way of phrasing things.. at least that's how it strikes me. I do appreciate your acceptance that there are likely more things going on within bitcoin price dynamics than merely attempting to point out some seemingly random indicators in order to attempt to identify some "holy grails" and in some sense, maybe guys (and gal?) have to go through some of those kinds of processes in order to attempt to better understand various aspects of bitcoin price dynamics and even to appreciate some longer timeline considerations.. so that you have come to appreciate the stock to flow and four year fractal aspects, which seems to be helpful to your own framings.. and even if you have not articulated another underlying bitcoin price dynamic which is likely the exponential s-curve adoption based on network effects and Metcalfe principles, there can be some level of inevitable necessity to have to account for some of those aspects of bitcoin, even if it may well be difficult to exactly figure out how to measure those various ongoing adoption levels.
Regarding purported mining capitulation, that seems to be a kind of fantasy (if not largely misleading framework). If you look at current hashrate levels we are at the very tipity-top of the all time high hashrates, and last two week period had gone up more than 4% and this period only has a few days left and is ONLY less than negative 1% at current typing of this post. Those seem to continue to be outrageously high levels of ongoing support that continues to go into mining - even if we might see some short term declines in hashrate, and if you are not appreciating the recovery from the mid-2021 China effects on the hashrate then maybe you are underplaying how ongoingly bullish hashrate seems to be - even if there continues to be blackbox aspects to many of its details.
Regarding shitcoins for sure each of us has to consider the extent that we might want to get involved in any of that both in terms of how to spend our time (mental energies) and our finances (whether to dilute our bitcoin investment amounts)... including if we might consider that it might be valuable use of our time to investing into matters on a short term basis versus longer term investing such as 4-10 years or more. It is not like any of us can choose what values other have, even though we can express our preferences, including how we might mention any of that shitcoin nonsense in this thread or not. For sure, there are times in which some mentioning might be helpful, even if we might be bringing up the topic on our own versus responding to the ideas of some of the other member posts in this thread, so surely there can be tweaks of our plans, strategizing and actions along the way to get our approach (whether balanced or not) to be more in line with our assessments of our finances and psychology in the way that we view bitcoin as compared with other investments and as compared with shitcoins too (if any particular one (or more of them) might be considered as an investment rather than considering as some kind of short-term gamble play).
April 10, 2022, 01:22:41 PM
the noon wall report
just had to make this right..its the little things in life you know?
dyor
peaking above the span B cloud top into sunshine
1h
bulls showing horns...spiking thru the kijun sen at $43,555.5
4h
stronghands
just had to make this right..its the little things in life you know?
dyor
peaking above the span B cloud top into sunshine
1h
bulls showing horns...spiking thru the kijun sen at $43,555.5
4h
stronghands
April 10, 2022, 01:20:05 PM
...
...
Thank you for your service, CB. Now move the number up, enough of this 42 nonsense.
Yeah now we need CB to push up that $42k range...Thank you for your service, CB. Now move the number up, enough of this 42 nonsense.
ChartBuddy's pushed it up for you.
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