After the announcement of the data in the US, the downward decline started yesterday, rejected at 22 thousand 800 dollars. It is not difficult to think that it will test 17 thousand 800-odd dollars from here. If worse news comes, it seems like we will continue towards 13 thousand dollars. We are below 20 thousand dollars. It is very likely that we will see another case of decline in the near future.
maybe or maybe NOT...like guessing based on tea leaves. |
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The end of the line, buddy bud
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Someone should design a MeritBot which determines which merit farmers are capable of demonstrating original thought by cross-checking the forum and Google for repeat content, and then award them with an appropriate amount of merits.
On the flipside, if a merit farmer writes 5 or more merit-less posts in a row, they should be excluded from the bot's consideration for the rest of eternity.
Yea....UNLESS..someone designs a 'MeritBot buster', and round round it goes (buster buster, etc), just like in this M. Wahlberg old movie, albeit with lots of cursing, sorry...and don't watch until the end  https://www.youtube.com/watch?v=2VY_xxL2jL0EDIT: FED did a number on stonks today-totally artificial, they just "want" it down to ease inflation. Bitcoin just went down in sympathy for whatever reason WS managers sell it at the same time as they sell stonks. Prediction: feds will cause deflation quite soon, and then would not know how to get rid of it. |
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Bitcoin is surging above 22K...could it be because of Sweden election results?
naaah
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No, you will not see 60k+ in the next year, that will probably not happen until 2025.
In the last cycles it took a bit less than 2 years to reach the ATH after the bottom. If that repeats and if this cycle's bottom was in June '22 we will see 60k in early summer of 2024 However I'm a bit skeptical if this cycle plays out like the other ones. It was already different in the run-up. edit: btw nice that you talk about Bitcoin from time to time, while mainly cheering on warring factions like it's a soccer game that dude typically does not talk bitcoin. |
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Suddenly the market seems a little too bullish, but I suspect that the recent FUD campaign over mtgox funds being released (it was clear they weren't going to be to any of us claimants, but for whatever reason the rumors were strong) led to a buying opportunity that the big boys couldn't resist. There's definitely a lot of people on the sidelines waiting for the next bull run to start. I'm not one of them though. Dollar cost averaging is your friend and now is the time to be doing it.
Depending on how this develops, could be similar to the April 2019 sudden gap upwards from ~$4K...we shall see. |
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I was on a business visit this morning to a neighboring farm.
I was left alone for a few minutes while I waited for coffee to be made.
Out of boredom I scanned through their bookshelf, I had to do a double take when I spotted the spine of a book, Bitcoin - a beginners guide.
I thought if these very conservative, regular folk (in god we trust) are taking interest in and possibly own Bitcoin, Bitcoin's time has definitely come.
Out of politeness I did not bring up the subject, but will broach the subject if the opportunity arises at a future date, perhaps over a beer. I am insanely curious.
Given the above.
To those who sold at $18800 - what the fuck! were you thinking of.
To those waiting for $15k $12k $10k good luck with that, at some point the ship will sail and you will curse the day for your inaction.
A lesson from history, I'm still waiting for my $680 order to fill.
your order was only $9 away from the $689 whale order (who recently sold 5000 of those bitcoins)...possibly explains why yours did not fill, lol. |
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Why so grumpy...actually, not having a crown (or something similar in responsibility) probably gives you more freedom (like being an artist...look at George W).
He has good genes, though, ...could be facing 20 years or more of being king.
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Fucking idiots. Seems we pumped a bit on that news too lol They certainly look like gremlins concocting some ill-conceived plans that NO ONE requested. The ridiculousness of it all is underlined by the small overall % of power bitcoin is using in comparison with gigantic polluting and earth destroying industries like gold mining, for example, plus too many more examples to mention. Obviously, they have an agenda. I have no idea why, but something something about enslaving would fit the bill to a tee. I rarely speak "political" as it is generally not worth it, but enough of this nonsense already. <end of a rant> What you claim to be ridiculous, i find to be inevitable. what is inevitable? banning of bitcoin? sorry, but it is tickling my "bullshit" sensor. Yep, if you think someone will willingly hand over global reserve currency status without putting up a fight you have a surprise coming. Hmmm...bitcoin is $405 bil, gold is $12.5 tril. Who is banning gold? No one. Bitcoin has to increase 30X to get close to Au. Global reserve currency status is more of a dream right now...maybe in 20-50 yrs, maybe never. I would be totally cool with bitcoin "market cap" of 10-15 Tril (500K-750K). Even at 10tril, bitcoin would not "threaten" anyone, really, with total capital markets in $300 tril vicinity, maybe $500 tril in 20 years. |
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Fucking idiots. Seems we pumped a bit on that news too lol They certainly look like gremlins concocting some ill-conceived plans that NO ONE requested. The ridiculousness of it all is underlined by the small overall % of power bitcoin is using in comparison with gigantic polluting and earth destroying industries like gold mining, for example, plus too many more examples to mention. Obviously, they have an agenda. I have no idea why, but something something about enslaving would fit the bill to a tee. I rarely speak "political" as it is generally not worth it, but enough of this nonsense already. <end of a rant> What you claim to be ridiculous, i find to be inevitable. what is inevitable? banning of bitcoin? sorry, but it is tickling my "bullshit" sensor. |
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Fucking idiots. Seems we pumped a bit on that news too lol They certainly look like gremlins concocting some ill-conceived plans that NO ONE requested. The ridiculousness of it all is underlined by the small overall % of power bitcoin is using in comparison with gigantic polluting and earth destroying industries like gold mining, for example, plus too many more examples to mention. Obviously, they have an agenda. I have no idea why, but something something about enslaving would fit the bill to a tee. I rarely speak "political" as it is generally not worth it, but enough of this nonsense already. <end of a rant> |
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Check this out... https://www.wired.com/2011/11/mf-bitcoin/A depiction of trials and tribulations of bitcoin back in 2011. Interesting read, imho...btc was at $2-3. Named some names..someone had >300K bitcoins back then...wow. |
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Call me a bit naive, but I cannot for the life of me understand why money is not moving into bitcoin in a gigantic swirl....yet.
It is obvious that inflation is high, eating everyone's purchasing power.
Stonks are still at the top of the range vs P/E and interest rates.
Real estate went up crazily during Covid and is posed to plunge. All factors point to it.
Gold is not "working" really since 2011.
So...how the populace think that they could keep their funds at least at par vs inflation?
In the USA it is easy to get I bonds at 9.62% Limited to 10K/year...it's nothing even for an average size IRA (it is about 150-200K, if I remember correctly). Maybe i should buy up to the limit, though, thanks for mentioning it. Upon reading up on these bonds, there are more restrictions: you can cash it out after 12 mo (so it's more like a 12 mo CD with a higher yield), but if you cash out before 5 years, then you lose 3mo of interest. |
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Call me a bit naive, but I cannot for the life of me understand why money is not moving into bitcoin in a gigantic swirl....yet.
It is obvious that inflation is high, eating everyone's purchasing power.
Stonks are still at the top of the range vs P/E and interest rates.
Real estate went up crazily during Covid and is posed to plunge. All factors point to it.
Gold is not "working" really since 2011.
So...how the populace think that they could keep their funds at least at par vs inflation?
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It detected these concentric rings around a distant star, whatever they are. https://www.space.com/james-webb-space-telescope-odd-ripples-image The James Webb Space Telescope captured mysterious concentric rings around a distant star that astronomers are still working to explain.
The image, taken in July, was released on Twitter by citizen scientist Judy Schmidt, prompting a torrent of comments and head-scratching. It shows a star known as WR140 surrounded by regular ripple-like circles that gradually fade away. The circles, however, are not perfectly round, but have a somewhat square-like feel to them, prompting speculations about possible alien origins.
"I think it's just nature doing something that is simple, but when we look at it from only one viewpoint it seems impossible, at first, to understand that it is a natural phenomenon," Schmidt told Space.com in an email. "Why is it shaped the way it is? Why is it so regular?" Mark McCaughrean, an interdisciplinary scientist in the James Webb Space Telescope Science Working Group and a science advisor to the European Space Agency, called the feature "bonkers" in a Twitter thread.
"The six-pointed blue structure is an artifact due to optical diffraction from the bright star WR140 in this #JWST MIRI image," he wrote. "But red curvy-yet-boxy stuff is real, a series of shells around WR140. Actually in space. Around a star."
He noted that WR140 is what astronomers call a Wolf-Rayet star, which have spat much of their hydrogen into space. These objects are also surrounded by dust, he added, which a companion star is sculpting into the strange shells.
Astronomers will know more soon thanks to a scientific paper currently under review about this mysterious phenomenon.
"Yes, those nested 'squircular' rings are real," Ryan Lau, an astronomer at NOIRLab and principal investigator of the project that acquired the observations, replied to the Twitter thread. "Our paper on this has been submitted so please stay tuned for the full story." To me, the 'squircular' form of these rings (and they are probably rings, not half-rings due to simply less bright second half (of the ring)) is the most puzzling part. Looking forward to the explanation of a strange form. |
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So, I expect the price to begin leveling off and gradually entering a semi-bull market similarly to both 2015 and 2019. There will be some oscillations, but I expect a clear average price increase of 2-3 times before the next exponential bull market, hopefully in 2025. Yes, it may hit 20K or a little below 20K a few more times, but it is unlikely to break 17.5K anytime soon. It could happen in a few months, if Tesla and other tourists rush to sell again, or if some stable coin explodes. For now, however, the dynamics of the market do not show such signals.
I still think that when the market reaches around $17k and people open long positions, So this time we will see one last unexpected dump which will cause BTC to reach $15k or $12k. During the journey of bitcoin from $18k to $25k, everyone thought that the market would go comfortably to $30k but during that time the rising wedge broke and according to this pattern it is not possible to return before $17k when BTC reaches $17k or $18k, it will be a better idea what is the mood of the market. sorry, 15k-12K is not very original..it has been repeated a gazillion of times here and elsewhere. |
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sheet, man, most regulars around here are supermen or something? at least some?  |
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