OK, I have seen a reference to a "bull trap". Can someone explain what that really means and how it works?
Btc is ath high = bull 🐂 ½ ing in 38 days = trap 🪤 If you purchased a miner right now because it is bull and btc goes flat or retreats you will likely lose mining. you got trapped. if you buy a miner now and we moon 🌕 you will not be bull trapped. so buying gear to mine today has the added risk of a bull trap. and lets say you buy one and we drift to 75k and do flat we as a buyer at any price under that you are okay. but a miner could be in a lot of trouble if we stay under 80k for a long time. |
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Whatever dumbassery there is in the legacy media, at least it is very clear that they are still talking about Bitcoin.
Certainly not Ethereum, not Vitalik walking zombie deep eye socket man, not BNB, not Solana and not bearded ape asswiped NFTs.
Other "cryptos" are not even worth mentioning here as they are bound to fall off the radar in a few years whichever position they currently enjoy on coinmarketcap.
Most never even regained their previous highs whilst we have seen BTC's new ATHs. At what point is it not clear to people that they are shitcoins?
Just because it is a shitcoin does not mean it has absolutely no use. You can leverage Bitcoin to short shitcoins and make more Bitcoin  . When exiting your position you can figuratively feel the frustration and confusion of shitcoin investors who still have not realized that whenever Bitcoin goes down, shitcoins go down even harder. And shitcoins always go down except during bull markets when they get to ride daddy Bitcoin's coat tails. And if the shitcoiner gets lucky, they own whichever shitcoin is getting pumped on that day(Which totally is not just the devs trying to make their shitcoin look popular, I mean, who would do that?  ). No shit coin should be purchased or traded for. Mining them at a profit and quickly converting to btc is the only way to deal with shit coins. |
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Hoping for many more days of high numbers.
11+2 = 13 solid days over 60k
and multiple ATH's in a row.
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Rank BitStamp USD/BTC
1 2024-03-11 71360 USD
2 2024-03-10 69255 USD
3 2024-03-09 68393 USD
4 2024-03-08 68221 USD
5 2021-11-09 67483 USD
6 2024-03-07 67191 USD
7 2024-03-06 66315 USD
8 2021-11-10 66256 USD
9 2024-03-04 65970 USD
10 2021-11-08 65762 USD
11 2021-10-20 65702 USD
12 2021-11-15 65064 USD
13 2024-03-05 65034 USD
14 2021-11-11 64931 USD
15 2021-10-21 64502 USD
16 2021-11-14 64456 USD
17 2021-11-13 64113 USD
18 2021-11-12 63900 USD
19 2021-04-14 63315 USD
20 2021-10-19 63168 USD
21 2021-04-15 62949 USD
22 2021-10-25 62745 USD
23 2021-11-03 62608 USD
24 2024-03-03 62489 USD
25 2021-11-02 62447 USD
26 2021-11-07 62216 USD
27 2021-04-13 62143 USD
28 2024-02-29 62117 USD
29 2024-03-01 62097 USD
30 2021-10-22 62069 USD
31 2024-03-02 62027 USD
32 2021-10-26 61895 USD
33 2021-11-04 61789 USD
34 2021-10-18 61675 USD
35 2021-10-30 61605 USD
36 2021-10-29 61534 USD
37 2021-04-16 61478 USD
38 2021-11-05 61449 USD
39 2021-11-01 61302 USD
40 2021-10-16 61253 USD
41 2021-04-17 61112 USD
42 2021-10-31 61085 USD
43 2021-10-23 61064 USD
44 2021-11-06 60862 USD
45 2021-11-16 60734 USD
46 2021-10-17 60685 USD
47 2021-10-24 60481 USD
48 2021-03-14 60429 USD
49 2024-02-28 60403 USD
50 2021-04-12 60169 USD
51 2021-10-15 60134 USD
52 2021-10-28 60131 USD
53 2021-04-10 60037 USD
54 2021-11-17 59813 USD
55 2021-04-11 59797 USD
56 2021-03-13 59670 USD
57 2021-04-02 59378 USD
58 2021-10-27 59370 USD
59 2021-11-21 59185 USD
60 2021-04-01 58826 USD
61 2021-03-20 58820 USD
62 2021-11-20 58791 USD
63 2021-11-18 58687 USD
64 2021-05-08 58665 USD
65 2021-03-31 58640 USD
66 2021-04-03 58586 USD
67 2021-03-18 58586 USD
68 2021-03-30 58473 USD
69 2021-11-25 58316 USD
70 2021-04-06 58307 USD
71 2021-03-19 58307 USD
72 2021-04-05 58289 USD
73 2021-04-09 58229 USD
74 2021-05-03 57906 USD
75 2021-05-09 57902 USD
76 2021-05-01 57825 USD
77 2021-11-29 57636 USD
78 2021-10-14 57623 USD
79 2021-04-04 57572 USD
80 2021-11-30 57431 USD
81 2021-12-01 57380 USD
82 2021-11-22 57339 USD
83 2021-04-08 57275 USD
84 2021-03-29 57263 USD
85 2021-03-21 57207 USD
86 2021-11-19 57203 USD
87 2021-02-21 57158 USD
88 2021-03-15 57137 USD
89 2021-05-07 57025 USD
90 2021-11-23 57006 USD
91 2021-05-10 56970 USD
92 2021-05-06 56806 USD
93 2021-10-11 56802 USD
94 2021-05-02 56788 USD
95 2024-02-27 56716 USD
96 2021-03-12 56712 USD
97 2021-11-24 56694 USD
98 2021-04-07 56684 USD
99 2021-12-02 56681 USD
100 2021-03-11 56339 USD
* * Chart Explanation * * Nice New ATH |
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77777.77 next
Lucky number? I prefer the Chinese lucky number: 88888.88 Edit: Hello DirtyK We're patiently waiting.  I have a few slices to sell at: 77777.77 80808.00 88888.88 90909.00 |
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Only a few years ago eff was 30-40w/T, now is less that 20w/T That is hardly 'little' progress.
Well actually going as far back as 4-5 years then it's 2019 era, the most efficient publicly available mining gear at the time was Antminer S17 which did 56th for 2500w, this puts it 44.6W/th, fast-forward to today, we got Antminer S21 which does 200th for 3500W, which is 17.5th, that's a little over 60% improvement in efficiency which is HUGE, one would also assume that mining gears manufacturers have already acquired more experience and skills to make the overall production cost lower. We may not get another 60% improvement in the coming 4 to 5 years, at least not on a single-chip level, but if they can make them cheap enough, they can always stack more chips and run them at lower speeds to achieve better efficiency. I under clocked s17pro to 42th and pulled as little as 1300 watts that was 31 watts. So far no one has shown me an s21 at 3500 watts I have seen a 200 th s21 doing 3575 watts = 17.875 watts a th so we went from 31 to 17.875 that is a 42.5% improvement 2019 to 2024 five years time we are better. BTW Fuzzy is correct that more efficiency does not help miners much. |
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Have we now hit a new "All Time High" on BTC price (roughly $72.5K)?
That seems like it will spur mining effort, at least until the halving.
fomo is not here for mining. we are at 12 cents a th we were at 13 cents a th due to high fees back in December. The month of December was better for mining btc then it is right now. as we had 3 coins of fees per block we now have only 0.30 coins of fees each block and the hammer is coming in under 40 days. (1/2 ing) Meanwhile the diff is jumping over 6%. I smell a bull trap https://newhedge.io/terminal/bitcoin/difficulty-estimatorLatest Block: 834282 (a few seconds ago) Current Pace: 106.3422% (1675 / 1575.10 expected, 99.9 ahead)Previous Difficulty: 81725299822043.22 Current Difficulty: 79351228131136.77 Next Difficulty: between 84234208206445 and 84387155575890 Next Difficulty Change: between +6.1536% and +6.3464% Previous Retarget: February 29, 2024 at 7:45 PM (-2.9049%) Next Retarget (earliest): Thursday at 12:42 AM (in 2d 5h 26m 37s) Next Retarget (latest): Thursday at 1:17 AM (in 2d 6h 1m 1s) Projected Epoch Length: between 13d 3h 57m 39s and 13d 4h 32m 3s |
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I've been thinking a lot about these ETFs and running the possible scenarios through my head.
I'm increasing my probability of a speculative attack on the USD to 30-40% by the end of 2025.
What might this look like?
There will be a gargantuan, constant bid on Bitcoin, as a flight to safety out of all fiat currencies. A bid from the hand of God himself.
George Soros breaking the Bank of England will be a drop in the ocean compared to what is coming.
The attack vector here will come from all angles, this is what makes my probability so high:
- From the corporate angle: companies see what Saylor is doing with issuing more and more debt to buy bitcoin, and copy him.
- Countries see the success of El Salvador in buying bitcoin and copy them. The Saudis also start bidding, causing other countries to bid in secret for national security reasons.
- Individuals see viral Tik Tok campaigns explaining that the cost of living is so high because of the currency. They buy because they are screwed anyway. Financial nihilism. The zeitgeist is perfect for this.
- Banks see customer deposits flee to crypto exchanges / ETFs, prompting them to offer custodial solutions.
- Politicians looking to make a name for themselves realise the younger generation wants Bitcoin, not Fed Coin.
- Hedge funds realise the US is increasing debt by $1 trn every 100 days and make it publicly known that they are taking very large positions in Bitcoin, encouraging others to do the same.
There is no real precedence for any of this.
We are talking about a global flight to safety on a scale that is so enormous it should scare you to even consider this as a 1% probability event, let alone 30-40%.
If you see what I see, there are not any words in the English language to describe how big of a deal this is.
We are talking about a tidal wave of money all trying to escape the fiat system simultaneously, into a digital asset with a fixed supply.
Where we are going, there will be no ask.
If this eventuates, it will become a systemic risk to the global financial system as it is currently structured, forcing the G20 to convene in a Bretton Woods 2.0 meeting to rejig The Game.
It seems to me that there is blood in the water here.
The sharks are coming...
They can see the kill.
They want a feast.
And they fucking deserve it. https://twitter.com/rationalaussie/status/1767216888936071427?t=SlyoLg9f5DR4cI2VInoZ1A&s=19I found those scenarios to be unlikely in a short time frame (1-2 years). Most likely, we would pull up to a significant % of the gold market cap of about 12 tril (anywhere between 30 and 50%) aka $4-6 tril or 200-300K/btc. My favorite number, if someone asks, is currently $236K/btc. I think the flight will be into: gold silver platinum palladium then btc Maybe stones like ruby emeralds and diamonds. But it still does not mean dump your btc. I am hoping for my btc savings to become higher than my wife's 'safe' 401k by 2026 |
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This is being the most calm and slow progressing ATH I ever witnessed. Not gonna complain though.
P.S.: In other words... anyone else "miss" the good old violent pumps and dumps?
there was a violent revisit under 60k .... already far to violent for me... please give the seasoned OG's just a forward travel thx in advance. yep march 5th we dropped hard. close to 73k. |
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when 3x wo page count?
🔜 soon?
it would be 99426
as 3x33142= 99426
I wonder that if we ever get to 3x page count what will it be?
33333x3=99999
so I have to think that is not going to happen that soon.
maybe by 35000 we are at 105000
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really heating up newhedge.io
Latest Block: 834246 (15 minutes ago)
Current Pace: 106.1595% (1639 / 1543.90 expected, 95.1 ahead)
Previous Difficulty: 81725299822043.22
Current Difficulty: 79351228131136.77
Next Difficulty: between 84061075695735 and 84242269902101
Next Difficulty Change: between +5.9354% and +6.1638%
Previous Retarget: February 29, 2024 at 7:45 PM (-2.9049%)
Next Retarget (earliest): Thursday at 1:15 AM (in 2d 11h 11m 15s)
Next Retarget (latest): Thursday at 1:56 AM (in 2d 11h 52m 9s)
Projected Epoch Length: between 13d 4h 30m 17s and 13d 5h 11m 11s
fees are going up a little. |
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buddy and badger are pushing us higher and higher. |
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Really getting heated early.
hope if stays hot.
77777.77 next
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Good morning WO! I spy with my little eye.... 71k! So we have now entered no-mans-land. The new frontier (ha, get it? Because Star Trek). Can't wait for us to pass 100k, finally! Those ETF's sure are doing their job  . Good. We entered no man's land at $55k..and it probably lasts until about $82k-ish... give or take a couple k.. Sure, this would be called price discovery (and yeah probably in that regard the new frontier of places not yet explored) since all time highs are being reached.. and hard to even come close to proclaiming that we are approaching either blow off top territory or even over exuberance.. yet.. .. but yeah, if we go to $90k in the next 12 to 36 hours, I, personally, would consider that to be over exuberance... each person likely has their own definition and that's why some people are still waiting for a 50% correction. We are not over exuberant. Yet. Mining pays 12 cents a th or 6 cents in a month. That 6 cents is very shitty for mining. But if we were at 123456 right now we would be at 20 cents a th soon to be 10 cents a th at the 1/2ing if we are at those numbers after the 1/2 ing it would be uncharted highs for miners right after the ½ ing. Soon to see what happens |
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Poll should change to:
What do you think will happen first:
Back to 65K or new ATH at 100K.
how about 66666 or 77777? 66666 or 99999? 99999 or 123456? |
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Poll should change to:
What do you think will happen first:
Back to 65K or new ATH at 100K.
how about 66666 or 77777? |
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a solar panel could be 400 watts so 200 x 400 = 80000 watts do a factor of 5 gives you 400,000 watts in a day.
If you have a proper buy back electric company you get 1 to 1 payback for excess.
translation take the 400k/24 = 16kwatts an hour 24/7/365
so 5 antminer s21's maybe or 4 ant miner s21's surely
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Chart buddy does keep it near the top. Lots of others post.
I would think it gets over 100 posts a day.
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Wait until tomorrow.
Over $70k?
would love to see us level up this week. |
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