I
Did
Love
Dune2
Thinking about going tonight. Anyone see it in Imax yet? I've seen a few flicks in Imax that were actually worse in that format. I have seen it on regular, but it might benefit from a larger, wide screen. |
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I
Did
Love
Dune2
I liked the movie as a whole, especially cinematography and music, less so the late in the movie ideation that deviated from the books. Don't want to go into details, but Villeneuve wanted to make a conflict where there was none in the book(s). shh have not got to see it yet. sure, I'll shut up on that. |
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I
Did
Love
Dune2
I liked the movie as a whole, especially cinematography and music, less so the late in the movie ideation that deviated from the books. Don't want to go into details, but Villeneuve wanted to make a conflict where there was none in the book(s). |
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OT: I was reading this article about a potential "real" sixth sense that humans may easily develop: echolocation https://getpocket.com/explore/item/humans-could-develop-a-sixth-sense-scientists-sayThe thought occurred: maybe we already had it when we were hiding in caves under a low/flickering light and then "lost" it. Some deep caves in South Africa were continuously occupied by H. sapiens for as long at 100000 years or even longer. It would make sense to develop such 'sense' back then. |
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I am not going to deny large corrections to be both possible, but to have decently high odds of happening. It is also quite possible that BTC prices will settle in the range of $120k to $180k in 2024. and then perhaps (or likely) go higher in 2025, so just between now and $180k, I surely expect some decently-sized corrections, including at least a couple 30% or more that might even get in the 50% plus levels.... but they are still not seeming too likely prior to our at least getting through noman's land, and generally (and historically) speaking once getting all the way through noman's land, it does not tend to be likely to correct all the way back through it.. so call me a sceptic on any theories expecting those levels of corrections, even though they could happen.
It seems to me that $220k is very likely to be crossed by 2024, unless the market crashes and it doesn't last long. But $300k seems to be calling. I am more in a @JJG price range ($140-150K) for 2024 and maybe even 2025, although MSTR converts suggest at least a 50% move up from 62 (yesterday close) to about 90K (at breakeven). However, I was looking at ledgerx options pricing a couple of days ago and calls on 100K btc in 3.5 mo were "just" $4-7K with "only" 70% volatility, so it seems that options traders don't think that we are going vertical anytime soon. |
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Now that we've made a new ATH, let's all take a moment to...bash on Jim Cramer (again) about bitcoin. Because I just love to bash on that fkn idiot. Anyhoo, back around 2022, I distinctly remember watching a CNBC video with ol' Jimbo when Bitcoin was at the last bottom. The interviewer asked Cramer when he thought Bitcoin would make a new ATH. His answer? "Oh, at least another decade..if not more. Let's just say a really loooong time from now." Fuck. That. Guy.  Just a PSA reminder to never, ever listen to the MSM talking heads wrt the Bitcoin market. Oh, we should listen...a "reverse" Cramer is even an ETF, lol ...every single time, they put their heads together to promote something, it almost always tanks shortly thereafter. |
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I don't think that average mining cost is 50K/btc right now.
This says that it is 63K, which seems too high. Philip? |
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The righteousness of this correction (in my mind) is disturbed by a mental image of Gareth Soloway being pleased by this.
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New poll required!
All those who chose 48k first, turn in your WO cards on the way out.
I did not know about the card, but i knew about the secret handshake, haha. |
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haha..mine is more like "Hey...bitcoin is at 67K...In our kitchen remodel, how much do you want us to spend [not doing it is not even up for a discussion, really]?". Different needs, I guess. Ah..what should I say? I said nothing so far, but bought two packages of ramen as a hint  |
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Happy for the price and what it means for WO, but don't like the market as a whole.
Some stupid coins are up multiple billions to the extent of 200-300% in the last 7 days.
I think that we are a few days at most until a breakdown, but hard to say from what price...very well may be from 75-85K.
Sorry, I don't buy a story about a limited supply as a cause right now (eventually, after the halving, it will be)...most of this is just feverish speculation, especially in the "other" names.
Feels like either fall of 1997 or 1998 or March of 2000. I think, most likely not like 2000 and it would be a short-lived break down for a mo or two.
Watch NVDA like a hawk.
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Maybe ATH this week or even today. I wanna reward my self for holding 11 years. But I don’t know what to even buy lol.
13+ years here, seems it has reached 100k AUD just now, it is always somewhat stressful regardless of whether it goes up or down. Damn 13 years. I got in at $150 but only with a little fiat. The biggest portion bought at $800-900 right before the mtgox disaster. Definitely always stressful. But less and less every cycle. Yeah I was just before then too. Shaved a little off over the years to get myself comfortable but not financially free. Holding now because I don't need the money but can't say I'm not excited about the gains  . All the money doesn’t feel real. It makes excited. But no idea what to do with it and can’t imagine ever cashing out. It certainly does, but so is the rest of our existence, at least sometimes. |
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The quote close to the end (from a mathematician who has proven that market is "not efficient"): "essentially, you can beat the market if you have large computational resources, etc." Ahem...I wonder what Google, Microsoft, Nvidia and OpenAI are doing with this? Imho, whatever inefficiencies they find, they would extract it from the everyday mom and pop investors who "blindly" invest in indices, mostly. I know that the Medallion fund (Simons) did turn it's attention to bitcoin at some point a few years ago. |
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Several knowledgeable commentators (Novo is one) mentioned over the weekend that the leverage is high right now.
Also, some meme coins popped 70-120% in a week, which to me always indicates that the market is probably overheating.
The latter only peripherally relates to bitcoin, but, still...
Bottom line: it wouldn't surprise me if we correct 10-15% from here (to 53-56K) before rallying into the halving, but I will not try to time it as 10% lower is nothing comparing to at least 200-300% possible upside to 180-250K. Wouldn't want to miss the latter.
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You can’t say Gemini has always been great. They screwed everyone in their Earn program. They’re claiming to be making up for it now but we’ll see when it’s all done. I know when the FTX drama was unfolding I withdrew all the BTC I had in their Earn program and as a result they closed my account and then closed the Earn program taking everyone’s funds. I thank my lucky stars I got out in time. I’d stay far away from them.
earn was genesis not gemini they were very clear about that when you used earn.. i also had stuff in earn but when luna/terra etc started to unravel i pulled it all from earn and left it in gemini. When I looked at it, it became clear that there was some then unidentified third party (Genesis) involved, so I never bothered to engage. I used Gemini, but just for trading...they are much less liquid than Coinbase, typically, but it's good to have an option for the situations like today's. Kraken had this bizarro status before when they weren't able to ACH $$ to Texas residents (as it is one of the states where they maybe have only a partial license). I did not check since maybe 2020. |
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It's going up to fast..
A left-translated cycle according to Bob Loukas? This scenario seems the most likely now. It also feels like 1998-early 1999 with relation to the internet stocks. That "bubble" (or what was considered then to be a "bubble', but mostly wasn't) peaked at 7-8 tril. Considering inflation, we might peak at 10-12 tril for the whole "complex" with bitcoin being at least 60%, maybe even 70%, so, say, 6-8 tril for bitcoin or 300-400K/btc (250-300K if btc stays at around 50% "dominance"). |
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....
Good timing, but did you increase your stash?
....
 That's funny...weren't you already "telling" about your glorious 61/19 trade? Imho, all sells are good sells when you either substantially increased your bitcoin stash as a result of a re-buy OR purchased an appreciating asset (typically, RE, but it could be the art too) OR sold because of a life need. If you sold btc just to increase your fiat stash per se, then I don't consider it as a good trade. @JJG increased his/hers btc stash a little as a result plus got 25% more fiat-a good trade on the balance. |
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I sold some
At
48
49
50
51
52
little pieces.
so youre the guy i bought from at 49 and 51k lol To the grandmas and/or taxi drivers I sold to @ 61K in 2021... thank you for taking one for the team. Keep hodeling my friends! You will be in the black in no time. (hopefully it wasn't you whom I bought it back from @ 19K in 2022) Good timing, but did you increase your stash? OT: How often does it happens that a football/soccer central defender scores two similar looking headers in one game, especially a final (one disallowed, but another a winning one)? I could not recall priors to van Dijk heroics today. |
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Below is only peripherally related, posting mostly for giggles: https://www.reddit.com/r/SuccessionTV/comments/k08dbs/five_million_is_a_nightmare/$5 million is a nightmare ??..a fuzzy logic there, but I understand the thesis: "too much to keep working on a middle class salary and too little to be completely free as far as your spending is concerned". So say you're working a normal $75-150K job, because $5M isn't quite enough for you and your family to live on and you still kinda need to work. It's pretty good, really, because, supplementing judiciously with investment income, you can have some real fun. But... 1. Your stock portfolio might easily swing up or down the entirety of your annual salary on any given day. An entire year of labor constitutes rounding error. How long do you keep the job? 2. Your boss is a dick. The company wants you to move. There've been layoffs, so your workload suddenly increases like crazy. The commute's a drag. You know you have $5M in the bank, and your annual salary is rounding error. The phrase "fuck you!" spills easily from your mouth. How long do you keep the job? 3. Inevitably, you quit, planning to lower overhead and survive on investment income. It works on paper, but then your kid needs braces and a new Macbook comes out and your house kinda needs painting and you have to hire a nurse for your elderly mom because you're too rich to put her in a nursing home. You won't stoically self-deny because you think of yourself as rich. So even if you're not splurging - no garage full of fancy sports cars - your wealth slowly diminishes, making starvation in retirement a real possibility, because you don't have the overhead of a normal person....and overhead is everything. Repeat: overhead is everything. |
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