Their days are numbered.  Those dweebs.

Sure the sellers can keep testing the resolve of buyers, but the writing seems to be on the wall.. whether it takes a few more hours or a few months this baby seems inclined for UPpity.. sell if you must.. and employ your weepenings at a later date.

 


I found that to be a kind of fun little game, even though it did end up teaching about shitcoin dynamics for those who tried to watch it or participated in order to attempt to get a feeling for it.

I am thinking that with this particular game, it would have been nice to let it ride for week.. like a April fools week  - because 24 hours can surely fly by quickly, and some members did not even realize what was going on and maybe some other members did not try their hand/luck at some of the attempt to trade matters.



Even though some peeps seem to be grumbling in terms of the BTC price being kind of stagnant - there seems to be some failure/refusal to recognize and appreciate the amount of stable that comes from such a relatively slow and steady price move UPpity.. In other words, this is the "stable" that many people wish for, but many do NOT necessarily realize or recognize it, while it is happening.

Many of us, also, likely appreciate that we should be enjoying this relatively slow UPpity while it is happening... because even though none of this BTC shit price action is guaranteed, we are likely in for some upcoming bitcoin price violence.

And, hey, relatively speaking there continues to be confusion on many sides of the argument, and some folks (probably mostly no coiners or those who sold too many coins too soon) believe that BTC is already in a kind of blow-off top territory with a 6x price appreciation within about 7 months, and yes in traditional / mature markets that kind of price appreciation would surely be reasonably measured as frothy... but wake up you dumb fucks who are considering the BTC price dynamics situation from this angle and trying to imbue asset class maturity upon it when such asset class maturity does not exist in bitcoin - even while there might be pieces of information in bitcoin that can be latched upon in order to see what you want to see - but largely just shows that some of these folks who are already measuring a blow off top, froth or over-exuberance in bitcoin continue to NOT appreciate what bitcoin is bringing to the table in terms of a paradigm (ground-breaking) shifting kind of contribution to the world, and sure their are some smartie pants who know this more than others - such as Michael Saylor and folks like him - and some know it, but are not saying anything.. like Saylor seems to get some thrill out of doing... hahahahahaha



I largely agree with you, but I am going to somewhat whimpily take the other side of the argument.

Remember what so many folks were saying about March. It is going to be a bad month blah blah blah because Marches tend to be bad in bitcoinlandia blah blah blah.

Well, I am NOT going to say that April is necessarily going to be bad, but we still need to consider where we are at in terms of measuring monthly (somewhat random) openings and closings in bitcoinlandia.  Accordingly, we have had 6 months in a row of positive monthly candles.. So, I am not saying that a 7th one cannot happen.. and surely it does help somewhat that each of the months have been somewhat conservative in their percentages.  It's not like we have had 70% to 100% months therein.. they have largely been sub 30% positive months that have just added up to a lot of ongoing BTC price appreciation.

So maybe I am thinking that the month is less convincing than the year if we are talking about the remainder of 2021.. and gosh do we have any kind of concrete sense yet, if our blow off top, assuming that we get one, is going to happen in 2021 or might it get pushed into the 1st or 2nd quarter of 2022?  I don't see any writing on the wall regarding what is going to happen, even though the 2021 blow off top does remain the most likely of the scenarios because it fits into prior patterns better and even has a bit of logical appeal - but the relatively dumb ass (in my way of framing them) theories of the impending supercycle and the never corrections of 85% again blah blah blah.. could cause our blow off top of this time around to get drug into either the 1st or 2nd quarter of 2022 (and it would be a bit outrageous if it were to get drug into the 3rd quarter of 2022 - though not completely out of the realm of eccentricities that could play out in a new asset class that has various BIG players employing game theory wittingly or unwittingly connected to affecting bitcoin pricenings).


I cannot disagree with you about very good chances of $100k being breached and perhaps even having a certain length of time above $100k... and sure there are likely a decent number of WO members who would be considering BTC price appreciations in that arena to be sufficient for them to pull some variation of a fuck you lever - but I would still be careful in terms of generalizing too much to suggest that your particular situation and the situation of a lot of your peers remains reflective of a multitude of graduations that exist - including that there have already been some who had hit such a fuck you lever pulling threshold at various BTC price points along the way $20k, $50k blah blah blah....

Another thing remains that due to bitcoin's volatility and anticipated expected ongoing volatility that some folks want to pie in the sky proclaim to be disappearing, from a prudence perspective, there still needs to be some kind of recognition of the existing volatility and the likely ongoing volatility in terms of how to deal with such reality (rather than wishing it away by proclaiming supercycle and other bullshit).  

So yeah there remain a variety of ways to attempt to deal with the likely volatility in terms of cashing out some bitcoin in order to take that value out of the bitcoin volatility or attempting to account for such volatility within your individual calculations regarding how to incorporate such ongoing expected volatility into the assignment of value to your BTC stash, which I personally believe that the 208-week moving average accomplishes in a very conservative kind of way.. but since the 208-week moving average is so god damned low at $10,600-ish as I type, there would be a large number of guys who reasonably might end up using some other kind of measurement - such as the 104-week moving average (or maybe some other way of measuring BTC value and incorporating volatility into the calculation) that would give them a much higher BTC price value (with the 104-week moving average at about $15k currently as I type), and so sure the higher number would end up getting breached more frequently but it might allow for some guys to still relatively conservatively be able to put a reasonable valuation on BTC that allows them to pull the fuck you lever at a reasonable place for them - but still NOT too soon based on some fly-by-night BTC price that is not enduring - unless they cash out some or all of their BTC at that price - and I surely am not recommending (and many of us here too, if I might say) that BTC holders place much value in fiat or even other assets, so they better be careful about cashing out too many of their BTC, even if temporarily there might end up being a BTC price "top" going on.



You should be able to plan ahead and execute upon it, no?  We are not talking about all or nothing, hopefully, right?  For example, if you feel uncomfortable with cashing out 25% then maybe reduce that to 20% or 15% or whatever number causes you to feel comfortable.. and then if your original number was 25% at $100k, then maybe you take that whole 25% and you tell your lil selfie 10% at $100k, another 5% at $120k another 5% at $140k or whatever your various numbers would be in order to cause more comfort with actually following through with the plan rather than getting lulled into inaction...

Yeah, I know that some of us (probably more you than me) are able to project like 30 years into the future and then want to make sure that they do not pull their fuck you lever too soon because they have to support their lil selfies for at least those 30 years - and yeah medical and all of that, too.. so yeah, sometimes the calculations do have to go up in order to feel comfortable that you have certain BIG expenses covered, such as medical which seems to be a BIG ass stickler that inhibits some of the fuck you lever pulling (reasonably so, but should be able to be reasonably and prudently accounted for in the calculations, too).


I cannot argue with you about any of those points..  seem like very reasonable considerations.


I agree that you should probably either get banned, suspended or some other kind of serious punishment.

ONLY Bawb can get away with failing/refusing to use a nohomo tag when devolving into such emotionalism...  

I am sure that quite a few other guys here, feel quite uncomfortable regarding your level of blatantly expressing your emotions, you fuck.

Sorry for the wrong section and thank you for your suggestion! PhoenixMiner gives me error "Can't use CUDA device 0: compute cap. 2.1 (at least 3.0 required)".

Never knew the Litecoin fork was such a scam. George's CryptosRUs April fool's video was an interesting listen.

wtf. I bought fNTF for 1000 bitcoin and they are all gone! such a scam.

Using 1x GTX1060 6GB on WIN10 with 8GB RAM and 48GB VRAM using ethminer-0.18.0-cuda8.0-windows-amd64.

Start with 7900 on the mem. Raise it slow after a few days (+100) until you get some errors.
Mine have 112 Watt for 60.60 Mh/s. Not worth the stress to get 2 MH/s more for maybe 10 or 20 % more power.
Try the latest GMiner. It has some benefits generating the dag file.

+------+----+-----+-----------+----------+----+-----+-----+-------------+
| GPU Temp Fan Speed Shares Core Mem Power Efficiency |
+------+----+-----+-----------+----------+----+-----+-----+-------------+
| GPU0 41 C 0 % 60.34 MH/s 3411/0/0 1440 7880 112 W 538.77 KH/W |
| GPU1 38 C 0 % 60.62 MH/s 3368/0/0 1395 7900 112 W 541.21 KH/W |
| GPU2 39 C 0 % 60.62 MH/s 3290/0/0 1380 7900 113 W 536.45 KH/W |
| GPU3 36 C 0 % 60.61 MH/s 3287/0/0 1380 7900 112 W 541.15 KH/W |
| GPU4 57 C 50 % 59.16 MH/s 3206/0/0 1410 7700 120 W 493.03 KH/W |
| 301.35 MH/s 16562/0/0 569 W 529.61 KH/W |

Last one is a 3060ti. Have got next Zotacs to replace.

Browsing Craigslist and never in my life would of though that people would be selling their mining rigs for 5 figures. Seeing many ads where they are selling their 5-6 GPU mining rig for $10-$13K.

Reminds me of the good old days when they used to sell $10K ASICs. I think one of them was the TerraMiner and the KnC Neptune ASIC. Both of them I think never got ROI but people were buying them like crazy and they got sold out quick.

I think this might be another top indicator. When retail people are buying $10K mining rigs.

This one is a MSI model.  I pulled 3 of the 3060's today from their systems and put them in a open air rig.  I have actually considered swapping this 3080 around with one of those and just using the 3060 in my main system.

Dang it, missed the shuffle somehow.  Looked several times today but it was never up.

I did get my 3080 system finally from Best Buy yesterday.  Card is a pain to dial in.  VRAM temps are through the roof no matter what I try.  From what I have read online, looks like I am doing to be taking it apart and redoing the thermals on it.  I like the big hash # when its not throttling but give me a couple of 3060's all day over this thing.

Nice!

I got the shaft, the Newegg stuffit.

maybe they exclude greedy people like me  that select everything,. I'm trying your method next time.

Yeah, we happen to be stuck at the top of the fucking range, and you believe that there is some kind of significance to downward moves of less than 10%?  In your case, you are drawing attention to corrections of less than 3%.. when we happen to be at the top of the range?

Get a fucking grip, milkshock100.  

There has not been a material/significant BTC price correction yet, and maybe wake me up if we go below $52k, and that level of correction, if it were to come, whether flash crash or something more lasting, would likely NOT be very important, either... so maybe we would need something in the sub $45k or sub $42k to possibly have some meaning beyond serving as nearly pure noise.

If you're really a HODLer, why do you blabber about exiting the market?

I click all of them and have never been selected, maybe the better route is to select less?

I did not look too close, but is Newegg scalping on these prices?

Money has no religion and people from each and every religion running everyday to make that money.

People who don't have any jobs are confusing the people because they talk controversial about thinks which are at the trend in the world.IIRC banking with interest rates are also haram as per Shariah law but how many people from that 1.9 Billion in this world having no interest bank account or loans.

If bitcoin is imaginary created using mathematical codes then fiat money too because it was created with paper and promised that it has some value by governments.

True but on Dec 31 price was 29k and diff was 18.6t

So on April 2 price of 58k-60k and diff of 23.3

is very good.

As a miner the dec 31 price at 28k with a diff of 18.6 meant really good profits.

As a miner the new price of 58-60 k with a diff of 23.3 means better profits .

We are talking basically Dec 1 to April 1 or 31+31+28+31 = 121 days of solid profit this is a rarity in mining.

If prices holds at 58-60k diff needs to go to 37.2 to be equal to Dec 31 profits.  which would still mean really good profits.

I look at this as it unfolds for us all to see.  It looks as if miners will be saying 2021 the golden year of btc mining.

Latest Block:   677303  (23 minutes ago)
Current Pace:   106.4663%  (1944 / 1825.93 expected, 118.07 ahead)
Previous Difficulty:   21448277761059.71
Current Difficulty:   21865558044610.55
Next Difficulty:   between 23281347373648 and 23283272770835
Next Difficulty Change:   between +6.4750% and +6.4838%
Previous Retarget:   March 19, 2021 at 4:03 PM  (+1.9455%)
Next Retarget (earliest):   Today at 7:39 PM  (in 0d 11h 16m 16s)
Next Retarget (latest):   Today at 7:40 PM  (in 0d 11h 17m 49s)
Projected Epoch Length:   between 13d 3h 35m 34s and 13d 3h 37m 8s