For space buffs out there: https://www.nytimes.com/2024/05/23/science/euclid-telescope-images.htmlEDIT: first time there was no paywall, but now there is..use @Heuristic link instead  A thought occurred: some of the images depict newly forming stars...it might take another 5 billion years or so for another civilization to get to where we are today. Were there people like us (in general sense, of course) 5 bil years ago looking at similar images of the Solar system and thinking similar thoughts? It is entirely possible that there were the Ancient ones and also, that we would be an Ancient ones billions of years from now. Space is truly vast. I am re-reading the Three-body trilogy...what an interesting books! Amazingly, some of the problems/solutions described there immediately hark back to our current situation. |
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Protip: Zoom out on the chart. Obviously not a bear market.
Zooming out is not a classical definition. The Secular bull never ended. A long cyclical bear happens once every four years on average A short term bear could happen any week (as determined by 20% decline threshold). Bitcoiners never cared about the last one, though, but "financial" people do...for them 20% decline is catastrophic due to typical leverage, etc. Imho, financial types will smooth the wild run, which may also affect the rips too. I kind of expect a roughly 30% positive degree angle on the chart for a few years, but no major spikes. |
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I'm still very bearish because it remains a bear market until it breaks $70k heading north to $75k $80k.
This was a classic fake pump which could lead to even more red candles.
Whether it is a bear market is very debatable. 20% down seems to be the required number..we barely went there on a wick..so it all depends on the continuation. I am not saying that it is not possible, maybe just unlikely. Not selling anything..LFG! |
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Regardless of the price: NEVER ever believe some WS stock or bitcoin-touting entities.
When "they" want to sell, they tell YOU to buy and vice versa.
Some Oppenheimer (?) dude was touting a $300K price target in November 2021 and later on it became clear that they (and associated funds) were selling close to the exact same time.
Surprisingly, it is not illegal as long as it does not occur at that very moment.
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Glad to see us back over 70k. Looking at the reason though I think there is a possibility that the Bitcoin market dominance will slip for a while from here. Just saying.
Who cares? #justsaying Holder! Do not close eyes, and look at the green candle. #justsaying  This was funny... |
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We are making a new run at 70k.
close
70 is a meanigless number in this case, though. wait what? 70 as a number is just not good for anyone here anymore? like we are just gonna skip it then? we did, lol |
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We are making a new run at 70k.
close
70 is a meanigless number in this case, though. |
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Bullish action in shitcoin ETH.
Wow ETHBCT is back to 5cents! /s
All this because Balchunas and Seyffart upgraded ETH ETF chances in may to 75%!
This is the worst 180°. U turn in History.
it's easy: Mark Cuban told Biden that he risks election if SEC would continue on it's prior track. SEC is totally beholden to whatever "task" it's being told, imho. That said, this surge is either a true move OR a biggest setup in the opposite direction. Strangely, Ben Cowen just made a vid 1-2 days ago where he almost guaranteed that VB-coin would continue to go down vs btc. haha.. I think he deleted that one as I only see this one (which was not ostensibly the latest): https://www.youtube.com/watch?v=DRjLAed8OzcEDIT: Nevermind...found the most recent one (for now) with a huge short term directional goof: https://www.youtube.com/watch?v=mgVJnXvPjqkI honestly wish the same, though, so I watched it happily. Did not make any 'short eth' moves, though It shows that NO ONE (and even the best) can predict anything around here. |
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Judging by "everything"...I dig 150K by the EOY.
When countries would join the FOMO?
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sane people living
in a mad world all around
can bitcoin help us?
# Sunday haiku
...let's hope..
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Feels like the bullishness is taking over in the markets. I think inflation has worked it's way through the system and is hitting earnings now, inflating the value of everyone's portfolio and setting up the next inflation wave that is likely to cause some negative effects in the overall economy. For now though, the rich are getting richer at an incredible pace and Bitcoin is benefitting from it greatly. It's only a matter of time before the new all time high articles start hitting news stands and regular people start realizing what's happening and that their narrative on Bitcoin is completely wrong.
Well you are optimistic today. I am still debating what to do next. Selling off the mine is sad but must be done. After I sell more gear I will decide what is next. So far I have sold over 17k in gear lots more to sell Good luck with your sales! I always thought the selling of no longer used gear was the hardest part about mining. I am pretty optimistic about anything priced in dollars. Sure, we’re due for a horrible recession that will strengthen the dollar and crash asset prices, but it will be a temporary opportunity to flee fiat as government debts cause a laughable amount of money printing over the following decade. I’m not just bullish on Bitcoin. I’m especially bullish on anything with pricing power. Established brands of any kind will do quite well over the coming 10-20 years in my opinion. Strengthen the $? It's already pretty strong...just look at the USD/JPY. You might have meant a decrease in inflation, perhaps? That might happen...or not. |
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[edited out]
Why do you want to sell corn anyway? I get the miner selling, of course. In principle, you BUY when it is going up and you SELL when it is going down (like you buy in the bull market and sell in the bear market), but you are doing the opposite. Why it is erroneous in general: because in a bull market you never know how high it would go, so as long as it rises, you buy and "pyramid" and in the bear market you never know how low it would go, so you "distribute". yes.. you are doing the opposite of best practices, Biodom - especially in bitcoin. You should be buying on the way down and selling on the way up.. but careful to budget so that you never run out of cash to buy on the way down, and also budget to never run out of bitcoin on the way up, so in other words don't sell too many of your BTC and/or blow your wadd by selling too many too soon. Of course, you can modify how much you buy or you sell based on where you are at in life. But whatever. To each his own... you keep doing the opposite of worst best practices, and if it is working for you (so far), then so be it. FTFY. All solid investor's advice is following what i said in opposition of what you said. https://www.investors.com/how-to-invest/investors-corner/when-to-buy-stocks-by-following-the-stock-market-trend/If you buy stocks during a market uptrend, you greatly improve your chances of being right. But if you buy as the market indexes are in a downtrend, the odds turn against you, increasing your risk and the likelihood of being wrong. The reason that you might have had some success doing the opposite may lie in the overall strong trend UP in bitcoin, so bitcoin essentially papers over your "mistakes". |
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Does that take into effect being under water or without utilities in life threatening situations? You mean Texas? Yeah... I feel like there is no place anywhere that is not somewhat risky rn, but I could be wrong. If the current trend continues, in 20-30 years there will be not a single insurance company left standing, though, in all likelihood*. Besides that, the post was not about the best place to live, but about how much money you need to make to live in those places (at the middle class level). *I have to always tell this to myself when I contemplate QLACs and other annuities. I am in NJ and considered middle-class . It does not take into account your debt. If you own your home and it has decent real estate taxes (6000 would be very low for real estate tax in NJ) My real estate tax is about 9000 many NJ home the real estate tax is more than 20,000 below is a suburb in NJ a nice home that would be say 700k in North Carolina is 1.4 million and taxes are 29k https://www.trulia.com/home/549-corbett-pl-oradell-nj-07649-37985680Wow..Trulia does not even post square footage of the homes for sale (in NJ)? Yea, SanDiego is the same..I have seen a 1700 sq ft house for 1.4 mil (albeit, taxes are smaller). |
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Does that take into effect being under water or without utilities in life threatening situations? You mean Texas? Yeah... I feel like there is no place anywhere that is not somewhat risky rn, but I could be wrong. If the current trend continues, in 20-30 years there will be not a single insurance company left standing, though, in all likelihood*. Besides that, the post was not about the best place to live, but about how much money you need to make to live in those places (at the middle class level). *I have to always tell this to myself when I contemplate QLACs and other annuities. |
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Why do you want to sell corn anyway? I get the miner selling, of course. In principle, you BUY when it is going up and you SELL when it is going down (like you buy in the bull market and sell in the bear market), but you are doing the opposite. Why it is erroneous in general: because in a bull market you never know how high it would go, so as long as it rises, you buy and "pyramid" and in the bear market you never know how low it would go, so you "distribute". |
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weekend coming... and 69 is right there.  you need baseball caps to 69? ...interesting  |
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When 60% dominance, guys?
"Crushing" it today so far.
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Sure looks like it’s Ukraine that’s going to get the next infusion, or are you considering that is already happening? I would think India would be China’s target, along with Africa. I have a little bit different take on the US motivation behind these foreign investments. I think the US gives away so much money to other countries because they want to make sure more people are using the dollar. Sort of a sneaky way to print money and grow adoption without causing more inflation that the USD has benefitted from for 100+ years. This playbook will burn once the BRICS currency takes hold (could have been BTC if it could scale on chain).
It's been happening for a good while. Hence the fuss when it started to be looked into. Probably the big turning point was the government changes in 2014 which some allege the US had some involvement in. oh, my, ChartBuddy can speak now...run for the hills, |
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The market is so incredibly short Bitcoin right now. Any good sized move up will cause nearly $8,000,000,000 in liquidations. That will cause a massive candle by itself. With MSTR finding its way into indexes and pension funds scooping up BTC, it seems like only a matter of time now. I think we’ll see another month or two of sideways action and then a nice sized candle taking us to $85K at the end of the summer.
8 bil is not nothing, but only a 0.66% of bitcoin's market cap...worth maybe a 4-5% rise (assuming a 7-8X multiplier). |
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