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10161  Economy / Economics / Re: Total power used to create the Bitcoin blockchain on: September 15, 2020, 07:07:19 AM
https://twitter.com/blockbain/status/1305539345991036933



a fair few

most of the work's been done. when in doubt ask @blockbain. he's an amenable chap and knows all about the stuffs

just needs totting up to get your answer

You are taking all the fun out of doing the work from scratch.
10162  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 15, 2020, 05:03:04 AM
Don't worry @Hueristic.  I'll use the network hash rate in my calculation to ensure the energy usage from all miners is included.

Whoaza!!!  Shocked

I am feeling muchos MOAR buddenings of warm and fuzzie tingilies #nohomo finding out no miner left uncalculated, whether s/he, [they](sic), it be block winner or no.   Wink



[earlier contributions edited out]


......


.......

yeah..allergic to cats.....hot girls allergic to me...the wheel of FUD and despair continues...... ;(

I am glad that this back and forth brainstorming session seems to be working towards identifying the problem (which therefore should lead to potential solutions).

In other words, the problem does not appear to be internal to you, Searing.  It's either las chiquitas or perhaps there is some kind of application that you would be able to apply towards solving such real world issues.

In other words, you should be able to employ some of your BTC towards obtaining some kind of remedy, such as a powder, oil or pheromone that causes las chiquitas to magnetize towards you rather than against you... changing the gravitation field or otherwise moving celestial bodies, if you get what I am saying...  (Disclaimer: Surely, don't go full bill cosby on us, only a mild form of bill cosby (Pg-13 form), if necessary, will do).  

Check back in with the WO brainstormers (advisors) once you have acquired such products (not the snake-oil ones) and attempted applying such solutions towards one or more real life chiquitas.  There might be a movie in this.
10163  Economy / Speculation / Re: [WO] Historical mining cost on: September 15, 2020, 01:31:41 AM
Still, yes, the energy-cost accounting would be historically interesting.

No need to worry.  We are in good hands since homer is working on it.  

He is quite detail orientated.  

If anyone can get the job done, that would be xhomerx10.  Wink

Jay:  Insightful comments that will probably inspire a short essay.

No.... don't do it.


Is that investment advice to avoid shorting my lifetime at high leverage by posting on an Internet forum?  Confirmed math and science calculate that writing on the Internet brings −99.53088288% ROI.

Well.  I tried talking you out of it, but you seem determined.  

Difficult to stop the distribution and disturbation of a potentially great and purportedly short essay, whose time has come.
10164  Economy / Reputation / Re: Vod is a liar. on: September 15, 2020, 12:48:56 AM
Vod, why do you have such an avatar? Speaking honestly does not inspire confidence. I have more confidence to the OP. Vod, if you want to be taken seriously - change your avatar to a more serious one

We know that the claims are getting into meaningful territory when we get down to comparative avatar analysis. 

I have had similar assessments of my character based on my avatar, too. 

As a step in the right direction, I recommend something like this for Vod:

10165  Economy / Speculation / Re: [WO] “The dangerous and beautiful cat, ‘woman’” on: September 15, 2020, 12:31:29 AM
An interesting question just popped in my mind:


How much kWh was used to create the current Blockchain?


Should be somehow possible to calculate it based on the given mining hardware and mining difficulty.

Why would any of us give any shits, unless we believe there were some better coin?  proof of stake, perhaps?   or some kind of amorphous and misleading SJW nonsense like that? Angry Angry

 I thought it was purely for science.  I will cease calculations at once.

Ok.  get working on it, homberblomber... longhandedly, hopefully, you will complete your no-stone-left-unturned calculations on or before the next halvening...... right around the same time that friends1980 finishes reading this whole thread, while submitting his report back to us.    Shocked



An interesting question just popped in my mind:


How much kWh was used to create the current Blockchain?


Should be somehow possible to calculate it based on the given mining hardware and mining difficulty.

 From inception or for each new block?  


Purely from a scientific point of view. And from inception, thus the genesis block.

Would be nice to see(feel) the monumental work and energy that was put to secure the blockchain and to get an impression and a feel of how much power was used to create this distributed disturbed ledger.

FTFY   Tongue
10166  Economy / Speculation / Re: [WO] “The dangerous and beautiful cat, ‘woman’” on: September 14, 2020, 11:46:50 PM
Jay:  Insightful comments that will probably inspire a short essay.

No.... don't do it.



An interesting question just popped in my mind:


How much kWh was used to create the current Blockchain?


Should be somehow possible to calculate it based on the given mining hardware and mining difficulty.

Why would any of us give any shits, unless we believe there were some better coin?  proof of stake, perhaps?   or some kind of amorphous, distracting and misleading SJW nonsense like that? Angry Angry
10167  Economy / Speculation / Re: [WO] She’s in for a bit—I’m in her for a bit on: September 14, 2020, 08:20:02 PM
Cheers from the current year,

nullius

We (royal we, por supuesto) are quite gleefully delighted for your clarification to be writing from our dear lord's "current year," since none of us in this here thread should tolerate any other means / mode of interacting with interweb avatars (potential aliens).... wwwwweeeeeee.
10168  Economy / Speculation / Re: [WO] Liquidation on: September 14, 2020, 06:14:19 PM
If/when I am rich screwing a few girls like that would be nice for sure, but I don't want to live with a gold digger.

Of course not.  None of us would want to settle down with any kind of girl like that.  Surely, it wouldn't be good.

With regard to “settling down”, I must point out that the only rational reason for a man to invest long-term in an intimate relationship with a woman is for the production of suitable heirs.  Anything else can be had most optimally on a short- or medium-term basis.

Of course, many men behave with an effeminate irrationality; and the whole concept of “marriage” has been destroyed, inasmuch as it has come to be based on so-called “love”, i.e. an emotional codependency of narcissists who produce children in the manner of buying fashion accessories (and then wonder why the brats grow up to be ungrateful losers).  Marriage is a reproductive relationship—not about you, not about her, not about your egos and your “love”—certainly not just about sex and good feelings, which can be obtained on an hourly rate schedule.  Indeed, if you can pay at least $500–1000/hour (the sky’s the limit), then you can hire not only sex, but also charming companionship, social poise, and even a bit of intellect.

There are some things money can’t buy—such as someone to whom to leave your money.

Otherwise, plan your liquidation phase such that hookers get all of your money before you die.  Your life will sum to zero, and you will be quickly forgotten:  Genetically forgotten, memetically forgotten, extinguished body and soul as if you had never existed.  Meanwhile, have fun! :-)

N.b. that for the aforestated purpose, you do want a beautiful woman.  Darwin can help explain why—or you may ask a dog breeder about the requirements if you want to avoid having degenerate, ugly pups.  Beauty is not skin-deep, after all; and the desire therefor is anything but shallow.

Well, I am glad that you are attempting to assure than many of us do NOT lose sight of more enduring long-term life purposes, including that if some of us might not adequately appreciate the power of our seemingly likely (if not already achieved) upcoming nuevo richie status.  Tongue
10169  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 14, 2020, 04:38:13 PM
Sometimes you haiku.
Other times your ass gets haiku'ed.
Regardless, I hodl.




Pfiou. I'm more of a small tits kind of guy but she wears them well!

Alas, I need 100k BTC to just get 'invited' to a party where there are enough 'rich guys' to even have such 'fantasy women' show up!..sure...

I still would not have a shot..but..hey, at least then someone looking like her might 'talk to me'.

Whereas now, if I was to approach to ask directions, w/o such a party invite, I'd get maced and arrested for 'stalking' or some such. (sheesh)

Anyway, little steps BTC Hoard/HODL...little steps....soon! Smiley

damn, looked in the mirror that is a sh*t load of BTC at a 100k price tag and the odds are still long! Sad

Brad

If/when I am rich screwing a few girls like that would be nice for sure, but I don't want to live with a gold digger.

Of course not.  None of us would want to settle down with any kind of girl like that.  Surely, it wouldn't be good.
10170  Economy / Speculation / Re: [WO] Bitcoin Erotica on: September 14, 2020, 04:17:45 PM
Spread the word around,
King just turned five digits old,
in all his glory.


#haiku

We may never be able to purchase BTC for less than 5 digits again, ever.  You heard it here, first. #nohomo

Furthermore, I am not even clear if the various (perhaps 5-ish clusters, give or take 1 cluster) short-term sinkenings below 5 digits between 9/3 and 9/8 would have "officially" counted as sub 5 digits, since the BTC price never did close any daily candle below 5 digits.

In other words, if no daily candle had closed below 5 digits, did below 5 digits even happen?  #justasking   Lips sealed

As I type this post, I get an eery feeling that I am about to witness supra $10,600 in the near future, aka soontm #justsaying  Wink

ridiculous thought
cheap coins here and there, ten fold
in just fifteen months

#haiku

I am a bit confused about the ambiguity of the nostradamus wannabe-ism(s) within your haiku.

Would you be suggesting (or would I say wannabe soothsaying?) that BTC prices are going to be around 10x higher in 15 months, or would you be suggesting that we are going to be able to purchase corn for 10x cheaper in 15 months? 

I am thinking the former rather than the later, but seems to me that your wordiology could reasonably be interpreted in either direction.
10171  Economy / Speculation / Re: Globb0 BTC charts on: September 14, 2020, 03:39:24 PM
Damn my crystal ball was right again (also called whale detector).



Its time for reverse BART FORMATION now? Bitcoin rose beautifully from its knees after the dump from 10,500 to 10,300. Its time for comeback to bull market again?


Even though you seem to be employing a bit of a strange (unique) kind of technical analysis (bart-focused), you could be in the ballpark of correct this time around.  Perhaps?
10172  Economy / Speculation / Re: Buy every dip! on: September 14, 2020, 03:35:31 PM
Buying every dip is easy to say, but difficult to identify the dip (for me at least!)

Every time the price of bitcoin drops I am afraid of the point that it is going to stop or it will be ongoing for a long time. Looking at charts and trying to make my TA sometimes prove me wrong!
Same problem mate. I already knew the idea of buying in dip however, I can't decide when to do it because I have some thought that what if it goes down a bit more that would really make me regret my decision. I am no expert in this field that is why sometimes I doubt my analysis. But I do always monitor how the market chart behave and fortunately, I am making a good job I think.

It seems to me that throughout this thread, several of us have been attempting to answer that question by suggesting a combination of personal BTC buying strategies to attempt to deal with the issue of how much of a BTC price dip is enough to buy, and personally I doubt that there are very many normies who can actually identify when a dip is over or how much of a dip to wait for in each correction period.

Many of us have suggested both identifying your own budget and buying regularly (such as DCAing) as a supplement to buying on dip.  Several of us have also suggested to NOT get too worked up regarding if you get the bottom of the dip, but just to buy regularly and to buy at various points within the dip, even if you may well not end up coming even close to maximizing how much BTC that you get, but if you are in a BTC accumulation stage of your investment (that you have personally established BTC accumulation goals for yourself, in terms of how much you want to accumulate), then with the passage of time, you will likely come out ahead with the value of your BTC even if you might run out of money from time to time because the BTC dip goes lower than you expected and lasts longer than you expected. 

Of course, there are no guarantees, but we have seen that BTC does still seem to be quite a great asymmetric bet to the upside, so in that regard, accumulating BTC is likely be a great practice as long as you have a long enough investment time horizon... such as having a time horizon that is 4 years or longer from any time that you purchase additional BTC.

In other words, I doubt that many of us here are expecting to be able to time anything close to any exact BTC price bottom, and many of us appreciate that the better longer term strategies continue to involve just buying BTC regularly, and doing your best in terms ballpark guessing in terms of buying the dip without necessarily getting obsessed with whether you had correctly gotten (or guessed) the exact bottom of any dip... it is not necessary to buy on any extremes of dips in order to become greatly profitable and successful with your BTC investment so long as you have a decently long and ongoing investment horizon.  At the same time, of course, there are going to be some personal variability in terms of circumstances, too, that can attempted to be accounted for and adapted to figure out if the accumulation of BTC would be a good plan and practice within your own personal situation.
10173  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 14, 2020, 02:15:45 PM
I will admit that I may have gotten a wee bit too excited too, in my below-captioned post from earlier...

Have a lil faith Jay Juan.


I had also made another post suggesting that the weekly candle has to close higher than $10,300 in order to be green.

Hodl my spear if you have to:



 Tongue

Yes, it appears that my excitement from a few days ago has been reached (and breached) with a breaking above $10,600 in the past 45 minutes.

Good to see.  Good to see.  We have not been here in the supra $10,600 range for 11 days, and there were moments, even in the past 24 hours that closing in the red on the weekly candle or even closing below $10k on the daily were easily within reach (within a few percentage) - but alas, did not pass.

Accordingly, we are back to a hopium statement that 4 digit BTC prices might never be possible again. Perhaps?  Perhaps?  Poor lil no coiners and precoiners who failed/refused to buy.. in the four digits, and we spent a lot of time there in the past three years... more time than some of us would have preferred, that's for sure.   Cry Cry

Of course, the longer that we are above $10k, the more comfortable we can become that 4 digits might be over forever and ever.

A couple of months ago (in the end of July), when we got back into this particular supra $10k streak, my assertion was that we would likely need to get above $13,880 before I would start to feel confident that 4 digits would be over, forever.  

Of course, we can look at the charts, and we can see that we did make it to $12,473 on August 17, and that was not quite enough of a high price in order to ensure that sub $10k prices would not be within striking distance, and surely we also know that a 50% to 60% price dip can even come within a bull run, and our recent correction ONLY reached as low as $9,825, which could have been characterized as a 27% price dip, at best, at its extremes.

Currently, I am thinking that the threshold of confidence for asserting that 4 digits are most likely to be over forever and ever, may have come down a wee bit - even though I don't have any kind of exact number in mind that I can proclaim with confidence..... point being is that the longer that we have these supra $10k BTC prices, even in the $11ks and $12ks, the more solid the bottom likely becomes with such passage of time and the more difficult for the bearwhales to drop king daddy prices down below $10k (even if such bearwhales are going to continue to exist at these here seemingly and relatively bargain prices).
10174  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 13, 2020, 06:29:38 PM
Haiku overload,
I know, I overdid it!
Dreaming of $1mil.

Dreaming of $1million per BTC or $1million total stash value?

$1 million per BTC may take 2 or 3 cycles more.. so maybe 6 years at best, but more realistically, maybe 10-14 years to really have a bottom, such as the 200 week moving average, that is at $1million.

Reaching a stash that is at $1million is a lot more reachable, but $1million would hardly give any kind of meaningful status of richness - although $1million would work for quite a few normies - especially since there is a lot of problems all over the world in terms of being able to accumulate even bare minimum levels of wealth. 

Many normies have difficulties holding onto a liquid $1k in value - let alone having $1million and being able to keep their grubby little paws off of such investment portfolio while it is growing to reach that $1million or whatever level of value...  Many normies will get tempted along the way to pull a bit of value out, here and there, along the way.  I really could use a better car than a used toyota (that is running well), the brand new mercedes would be nice.... blah blah blah... or it would be nice to go on that trip and stay in a nice hotel, I deserve a treat, blah blah blah.... or new furniture would be nicer than older looking furniture (especially having a BIG screen TV), blah blah blah.
10175  Other / Meta / Re: Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ on: September 13, 2020, 05:43:34 PM
ok. could have simply said yes.

If just being courteous and thankful of someones work or fixed issues etc is deemed pointless not interesting, we're all doomed.
The fact is, it really isn't. It doesn't encourage discussion or contribute to the topic by saying your thanks. I would think that giving the post a merit would be more acceptable.

IMO, it's alright to thank someone if they've helped you once in a while but I think most would consider it as a spam if it's done regularly. You'll be surprised as to how spammers could utilise this to their advantage if they were allowed to do so (not implying that you are one).

I rarely type one word or even one sentence responses.

It does not seem to be very difficult to type an additional sentence or two in order to explain why you are responding or to say more than just "thank you." 

A poster can type "thank you" for that, and by the way, I noticed x, y and z, and also blah, blah, blah...

In that regard, the post would go from low value to potentially adding a little bit of value and substance to other potential readers.  Has not been very difficult to accomplish such fleshed out ideas or even fleshed out "thank you(s)", in my experience.
10176  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 13, 2020, 05:08:01 PM
How to end up with 10 BTC trading altcoins:

Step 1. Start with 150 BTC
Suicide LOL

Good afternoon WO!
Observing @ $10,320

At some point today we have $10,501+  which means those who picked $10,501-$11,000 lost by a day only.
Congratulations to the ones who picked $10,001-$10,500



Sure, but the BTC price has not yet closed above $10,501, which "closing" was asked in the poll.



I will admit that I may have gotten a wee bit too excited too, in my below-captioned post from earlier... .The contents of my below post did not age well...:


Spread the word around,
King just turned five digits old,
in all his glory.


#haiku

We may never be able to purchase BTC for less than 5 digits again, ever.  You heard it here, first. #nohomo

Furthermore, I am not even clear if the various (perhaps 5-ish clusters, give or take 1 cluster) short-term sinkenings below 5 digits between 9/3 and 9/8 would have "officially" counted as sub 5 digits, since the BTC price never did close any daily candle below 5 digits.

In other words, if no daily candle had closed below 5 digits, did below 5 digits even happen?  #justasking   Lips sealed

As I type this post, I get an eery feeling that I am about to witness supra $10,600 in the near future, aka soontm #justsaying  Wink

I had also made another post suggesting that the weekly candle has to close higher than $10,300 in order to be green.  I am looking at this week's candle a bit closer now, and I see that there are actual measurements on the candle, rather than my attempting to guess.  So, to be more precise, it appears that this week's candle has to close above $10,258 in order to be green - and there are only about 6.5 hours left in this week's candle in order for us to verify whether we are going to be greenie, or not.  Just saw $10,215 hit as I am typing this post... so downwards pressures currently, and it is even possible that there could be a battle for closing in the 4 digits..... #justsaying.  I am the messenger, not the message.   Tongue

PS.
 I feel less bad too, when I see some disproportionate purging of some froth from shitcoins -to the extent that any of my hopium regarding ongoing purgening in that direction will be lasting is seeming to be not very material..  
10177  Economy / Speculation / Re: Yet another analyst on: September 13, 2020, 05:01:03 PM
Personally, I believe that we are still in very damned early stages of institutional investments into bitcoin.

Sure we already have had some institutional investors entering into the BTC space, and like you suggest, some of these investments into BTC are likely "on the sly," but still I doubt that BTC is really experiencing anything close to large scale institutional investing into it, and that would include some government entities taking some kind of position into bitcoin too. 

The problem is it's going to be very hard to prove or track this "institutional Bitcoin" -- they're mostly held in custodial wallets, mainly done OTC, and mainly happen off-chain. I simply don't see them keeping stuff on their own wallets or addresses, nor even making actual transactions on chain when they're trading or moving, they're simply doing everything third party. In fact, with second-layer now, even more difficult to see, my suspicion is LN channels some day just moving between institutionals and perhaps closing it all off to show one big transaction hiding thousands between institutionals. So we'll never really know.

To me the situation of transparency or not is not a futile set of happenings.

Like I mentioned, some of them (such as governments and public companies) have reporting requirements - otherwise they are going to get themselves in a pickle if they do not report what they are doing.  Sure, even if they have reporting requirements sometimes they still might be a bit coy about what they are doing or they may skirt such reporting requirements to the extent that they believe that they are able to get away with NOT reporting - or perceived loopholes.

Other entities may not feel that it is necessary to report, but still they might choose to disclose some of their holdings and practices in general ways or to make public some of their involvement in bitcoin.

The various aspects of incomplete information is not a problem in my mind, because the world tends to work like that.  We do not always have complete information - unless certain events happen that trigger publication of information, and of course, there are a lot of ways to utilize a combination of the information that we have.. the direct information and the inferences in order to attempt to make reasonable conjecturing about what is going on in the world, rather than throwing up our hands and proclaiming that we are never going to know exactly, so why try figuring it out? 

Part of my point in my earlier post is to postulate a belief that relatively speaking NOT a whole hell of a lot of institutional players are in bitcoin, and I am making those kinds of assertions based on incomplete information and speculation. I believe that my speculations are reasonable, and I will hold them or tweak them until there is further direct or inferential information that causes me some need to tweak my assertions in another direction.


It's the same correlation in crypto itself. Bitcoin goes up, so does the rest of crypto, but at different magnitudes.
...the smoke and mirror show were to be able to be continued for a decently long ass time.

Certainly far longer than I'll be alive, probably. And for a lot of investors, that's more than enough time to ride on that correlation. I agree, none of that is sustainable but for shitcoins like ETH, to even be at $100 when they were $3 4 years ago or so... they'll not care they couldn't hold on to $1400.

Personally, I am still not going to get involved in that kind of shitcoinery crap even if I believe that there are reasonable chances that some of them are going to pump here and there for a long time.  I personally believe that bitcoin is an investment that serves a lot of my own personal needs to hedge against dollar based investments, and a lot of the performance of shitcoins is correlated to bitcoin, yet the shitcoins add various kinds of additional risk. 

So that already existing correlation causes no necessity to diversify into shitcoins, in my personal thinking, to make any stake in shitcoins..... and the additional risk is that the shitcoins can just go to zero at any time because they have a whole lot of areas of additional vulnerabilities, and I will leave those matters to the snot-nosed 14-year olds to figure out... which ones are going to pump, which are not and for how long... They may get lucky, and they may not.
10178  Economy / Speculation / Re: [WO] Bitcoin Erotica on: September 13, 2020, 07:39:06 AM
Spread the word around,
King just turned five digits old,
in all his glory.


#haiku

We may never be able to purchase BTC for less than 5 digits again, ever.  You heard it here, first. #nohomo

Furthermore, I am not even clear if the various (perhaps 5-ish clusters, give or take 1 cluster) short-term sinkenings below 5 digits between 9/3 and 9/8 would have "officially" counted as sub 5 digits, since the BTC price never did close any daily candle below 5 digits.

In other words, if no daily candle had closed below 5 digits, did below 5 digits even happen?  #justasking   Lips sealed

As I type this post, I get an eery feeling that I am about to witness supra $10,600 in the near future, aka soontm #justsaying  Wink
10179  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 13, 2020, 04:42:46 AM
For the record, did we hit or pass $10,472 at major exchanges?

I was kind of snidily referring to the poll that is currently at the top of this thread, and I believe that closing price was around $10,450 (which would have been the price on Bitstamp at midnight UTC).

Eh, I was kind of snidely gently and innocently referring to this:

Entered shorts at 10472, already locked in some profits to cover fees in case we go back to entry (where i moved my stop)


Sure, we get smarter than everyone else members posting specific price predictions and their trades, and frequently, they are notifying us about their down trades, as if they want other members to follow  or maybe to be able to come back later and demonstrate how smart they were.  Sometimes it will take a bit of time to get rid of these sorcerer wannabes, and surely sometimes they will leave more quickly after a few ridiculously wrong calls.

Swaystar had been here before, and had seemingly disappeared with his tail between his legs, but sure he comes back with some kind of hope for institutional (if we can refer to WO thread in such a way?) forgetfulness.

Hopefully, you did not invest too much with him.   Cheesy Cheesy Cheesy

...some observation of BTC price peaks around $10,577 in the past 20 minutes...

My magic is still strong.

You are a wanna be soothsayer, too? 





My magic is still strong.

Hah:  WO post #544888, topic=178336.msg55185555#msg55185555

Should have posted that essay I’ve been slowly editing.

Go, Bitcoin, go!

You are shooting for 5s and 8s?  Torque, is that you?   Shocked Shocked
10180  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 13, 2020, 04:15:01 AM
Well, in essence, we are witnessing that the 12th came and went, and surely there were some moment in which $10,501 was nearly breached, but we did not quite get a supra $10.5k closing, instead we got a sub $10.5k closing...

For the record, did we hit or pass $10,472 at major exchanges?

I was kind of snidily referring to the poll that is currently at the top of this thread, and I believe that closing price was around $10,450 (which would have been the price on Bitstamp at midnight UTC).

Did bitcoin enter the Kangaroo market again? $10K seems to be its favorite playground.

All things considered, it’s been in this range for a very short time.  That’s not a trend.  People who are impatient for drastic weekly swings are far too accustomed to extreme volatility.

When I said before that the $10k range was “comfortable”, I hope that neither Jay nor anybody else took that as anything but optimistic.  Cheerful, even.  Those who predicted a sudden drop to $8k, $6k, or even lower were flat wrong.  Stability above that magical $10k line is good.  Those who short are getting spanked, whilst holders enjoy a store of value that’s doing just that.  Slow and steady...  The moon is still out there.

I doubt that too many active members of this thread are going to complain about a few bear shorts getting reckt here and there along the way... I am NOT sure if such reckening level has been met yet because the amount of price movement has been pretty low, even though in the past 30 minutes we have had some movement, including some observation of BTC price peaks around $10,577 in the past 20 minutes... that would be the highest price point since about 8 days ago.  (eg. we have not seen higher prices than that for the past 8 days)..

Direction from here?  I am not going to proclaim to have very many theories or much commitment, but I will mention that this week's candle closes in about 20 hours, and it appears that the BTC price needs to be above about $10,300 for this week's candle to close as a greenie - whether color makes much if any difference, or not.
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