|
Australia is moving to zero interest rates for the first time in history (it kept them high post Global Financial Crisis).
|
|
|
|
|
Roach - the biggest risk to the global economy is deflation. There is zero need for PMs in a deflationary environment. PMs are for fighting inflation. But inflation is dead, cremated, buried, gone.
Production is soaring, and production costs globally are failing through the floor due to technological and social innovation. A PS4 is more powerful than the world’s greatest supercomputer in 1999. Writ large, Moore’s Law still rules, except it has migrated from the hardware level to the software level. GitHub was only invented 10 years ago. The iPhone is only 12 years old.
No one can raise prices in this environment in the supply chain - they would be destroyed. Deflation is here to stay and PMs have no role in a deflationary environment.
|
|
|
|
The BTC price has two trends apparent since mid July with both lower highs and higher lows, we havent yet found which is stronger of the two. I dont know if price is moving so slowly now because the two sides met and now counteract.
These are the dog days of summer. The only trend is malaise. It is written. Go outside, drink and be merry. For in late autumn, we bull. |
|
|
|
|
I have seen so many people get introduced to Bitcoin and then blow up on shitcoins it’s not funny.
Bitcoin maximalist survivors have to be 5%.
|
|
|
|
|
While a VIX index for Bitcoin is intellectually interesting, I’m not touching that with a 10 foot pole
|
|
|
|
|
I don’t think you are here to learn. I think you are here to argue. Which is fine but let’s call it for what it is.
|
|
|
|
No...incredibly improbable...no longer be bitcoin.
I would dump the holy living fuck out of that shitfork. You, me, and everyone else in the world most likely. Yup. Market sell in a single order. Hopefully do some damage in the process. |
|
|
|
|
It doesn’t matter what miners think or choose. They can always fork away and good luck to them.
Economic holders have enormous financial incentives to keep the 21 million cap. They will reject any hard fork by miners to lift the cap. That miner will just be making a shit coin like Bcash, but worse because the cap is broken
|
|
|
|
Who said higher low?
You did. |
|
|
|
My question to those who predict 100K within less than two years or so.
Why the discounting mechanism is not working?
If it is highly likely that 100K would be there by 2021, we should have mad buying of btc and its options right now.
That's my biggest beef with the S/F models.
Either the model is wrong/irrelevant OR the market is incapable of correctly pricing future expectations now.
Then you should address your question to the person who put this model together: https://stephanlivera.com/episode/86/Go to minute 29:00 onward, PlanB is going to answer to your question. jbreher is right: People is simply not aware of the model and the halving effect on the stock to flow. To be clear, I am not saying that the stock:flow model is definitive. I am saying that the eventual price is very high, due to the endemic properties of crypto as money. And that getting from a price of Zero to a price of FuckYou is bound to take significant time, and be very chaotic along the way. The stock:flow model is simply an empirical model that seems to roughly explain the observed underlying reality. IMNSHO. I expect anyone that trades with any expectation of fidelity to the S:F model will likely do well on average, but likely be wiped out at some point along the way where that fidelity breaks down completely. We humans like things in neat little predictable buckets. But while markets are derived from human behavior, price predictions are not amenable to mere mathematical analysis. This is fair. Except fidelity does hold, albeit on an extremely macro level. Year on year we have only once made a lower low in a following year, and then only by a whisker in the depths of cryptowinter. |
|
|
|
I'm not sure I believe that setting up an account on an exchange (and acquiring bitcoin) will do anything to further the individual's understanding of the technology itself.
Let me ask another question, what is YOUR understanding of the technology?
You won’t learn much until you buy some and use it. Log off this board and go buy some VPN services using Bitcoin and you will understand. |
|
|
|
|
It is physically painful to be slowly drip feeding, dollar cost averaging, into a very large, multi-year leveraged long right now on super low leverage. It hurts to buy and every day see you have lost a little bit more.
The greatest long term trades are always incredibly painful to enter. This helps me to keep going. And the companionship of this board and your brilliant jokes ! And my dollar cost average keeps falling. So carry on.
|
|
|
|
My question to those who predict 100K within less than two years or so.
Why the discounting mechanism is not working?
If it is highly likely that 100K would be there by 2021, we should have mad buying of btc and its options right now.
That's my biggest beef with the S/F models.
Either the model is wrong/irrelevant OR the market is incapable of correctly pricing future expectations now.
You were here in December 2017. Market frenzies are not rational. |
|
|
|
I just put a chunk of my btc holdings into celsius.network to earn interest
A quarter-old entity based in a remote area of the world? What could possibly go wrong? Lots |
|
|
|
Gratz Boris  |
|
|
|
|
That breakfast looks great. Nice.
|
|
|
|
|
Show Posts
