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Looks like we are eyeing off another breakdown. Sigh.
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The forum is so fucking dead I don't remember a time it was more deader than this and I've been around for a loong time.
indeed. I can't recall this thread ever being so dead and there were more boring times. 2015 was pretty dead 2012 was pretty dead I wish I was there to see it. I was only present from April 2013 onwards. What's the correlation to a dead forum and a new bull market I wonder. |
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When fiat becomes more popular than bitcoin   Well if I had a choice between a bitcoin and a fiat, I'd take a bitcoin. Besides I'm more of a Japanese made fan myself  |
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The forum is so fucking dead I don't remember a time it was more deader than this and I've been around for a loong time.
indeed. I can't recall this thread ever being so dead and there were more boring times. 2015 was pretty dead |
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Yes, I give 80% to no 100K in 2021 and, hence, invalidation of S2F model, but not S2FX model.
Hang on, his S2F model never showed 100k in 2021. It showed 100k by 2024. That is vastly different. Sure if it followed 2017 pattern, peak might be 2021, but PlanB never claimed that. At least not to my knowledge. From the first article, which I believe PlanB adjusted upwards later on: The predicted market value for bitcoin after May 2020 halving is $1trn, which translates in a bitcoin price of $55,000. That is quite spectacular. I guess time will tell and we will probably know one or two years after the halving, in 2020 or 2021. A great out of sample test of this hypothesis and model.
Link to the other two articles and various podcast appearances: https://100trillionusd.github.io/Ok, I did I search myself as well apparently average price is meant to be 100k through 2020-2024. Yes 2021 is when he expected 100k. So we can wait till well into 2021 to decide how far off he was. |
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Yes, I give 80% to no 100K in 2021 and, hence, invalidation of S2F model, but not S2FX model.
Hang on, his S2F model never showed 100k in 2021. It showed 100k by 2024. That is vastly different. Sure if it followed 2017 pattern, peak might be 2021, but PlanB never claimed that. At least not to my knowledge. |
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And bitcoin drops back to 9700. This is really kind of boring. Blah.
9600 even waaaaay more boring This feels so 2014/15 I remember very well those early Bart Simpson moves between 400$ and 600$. It looks we need to cook more before starting the rocket. Personally, I don't care. This is a good accumulation range before the rocket era. Yep exactly how I remember it. |
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Whoever this dumper is, he is trying very hard to prevent the rise.
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Yeah, manipulate all the fuck that you want, does not mean that they can keep it up forever.
I think what we are seeing here is the manipulation that has been going on for last couple years now. In a bear market it works great for them, they can beat down the price and it stays down and goes lower. Try this this continuously in a bull market though and your beat down gets bought up and you don't get to re-enter at the low prices. As the manipulators coins start to dwindle, they get worried and stop, they learn that despite being a whale the market is actually much bigger than them. At this point prices start rising and then you have a 2016 happen, followed by a 2017. Well the sad truth about "them" is they go Brrrrrrrr. Are you saying these manipulators are the FED? are you also saying that the FED has a huge supply of BTC to sell. Because yeah, if they did we might have a problem. Or perhaps you mean the FED is playing in the derivatives markets so they can sell forever. Just know that the derivatives market won't be leading shit when there are no physical coins to buy. Why is gold a 10 trillion market, if the FED had unlimited power to keep it down, it should be worth nothing. Sorry I can't reply to your response I won't be here for a while. |
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Yeah, manipulate all the fuck that you want, does not mean that they can keep it up forever.
I think what we are seeing here is the manipulation that has been going on for last couple years now. In a bear market it works great for them, they can beat down the price and it stays down and goes lower. Try this this continuously in a bull market though and your beat down gets bought up and you don't get to re-enter at the low prices. As the manipulators coins start to dwindle, they get worried and stop, they learn that despite being a whale the market is actually much bigger than them. At this point prices start rising and then you have a 2016 happen, followed by a 2017. |
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This seems like 1 whale trying to keep the price down. I remember this kind of shit in the 2016 run up, eventually it stopped when the tide turned and the whale instead of making money from this type of shit just kept losing it. Same thing could be happening now I think.
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What a surprise, stock markets rally on riot optimism.
More stimulus. The only thing that matters in the markets today. Yep. The war between capital and labor continues, history says "always bet on capital". |
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Good. Less coins being mined. And with less blocks being mined, fees will eventually rise, meaning miners will come back in to get those increased fees. It's an amazing system really. Block reward and transfer fees combined are genius, it is self balancing and ensures that despite the decreasing block reward miners will always have incentive to secure the network. |
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I'm counting 15 blocks in the last hour, that's kind of nuts.
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Looks good. I hope that rocket launches very soon. If you press the join button you can be one of the little guys. |
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What's that havling everyone is talking about?
Funny thing is my friend who thought I was nuts for buying Bitcoin in 2012 is now texting me about the halving and where I buy Bitcoin... What. Does he want to start buying now for the first time or something? |
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What's that havling everyone is talking about?
You need to send half of your bitcoins to my address. I think ... :-) No no. Its been well established that after the halvening you have half as many coins as before. |
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