Question: How big was the map when people pointed on it, actually?  

OT:

Got drawn to new astrophotography processing software which proves to be too good to be true.
Also, too good to be free, unfortunately. Hard to swallow for a free-software afficionado like me, but then it grants more than a month of unrestricted use and 37 more days to go until i'll have to pay. And this one really deserves the bucks to be spent. All my editing problems just disappeared by using this application, so i am spending every free minute with it. I guess i will be posting less here for a few weeks for this reason.

& still no response from Arrie, i hope he's OK, though.  


It also seems i missed the last dip, but IDK, there will be more opportunities, hopefully, we'll see anyway.

Imagine two types of bitcoin buyers:

1. looking for fiat gains

2. looking for value

(1) would be the average ETF customer. They don't deserve the coins and you don't want them to hold the corn, but you want to hold it.
When supply shock is an actual issue (may or may not happen with ETFs) you effectively hold the corn they want to have.
Isn't that sweet?

Time to introduce Negatives for the Merit system, imo.

Yeah, but those climate-crisis-evangelists...
Headlines like these are like candy for them, on the other hand.

Buon giorno 
Yeah, you're right. The cobblestones seem to be pretty new, so i thought it was not yet covered with spat gums.
I didn't remember his location history either. Where is fillippone when we need him? 

Congrats
I was up (too) late.

AI is quite overhyped, seems to have to go a longer way until it's really usable.
From the best reverse-image-AI search engines, when fed with the Dude's pic:



 

EDIT: Or maybe too artificially intelligent? Because it respected the carpet, but kind of too much? 

OK, a shot in the dark: Madrid.

EDIT: This is a hard one. The modern cobblestones mixed with those aged stone blocks... Could be somewhere in Spain/Italy, maybe France. I'm sure it's somewhere in Europe.

I don't worry so much. Why?
Because the general interest in buying Bitcoin was growing, at the SE and by the average guy. Also, everybody and his dog should know by now that pre-halvening is buying time.
So why care about morons selling at the last-chance-to-buy-low stage?  

EDIT: See?  



That might sound like i'm selling too much on the way up, but i am still oriented at the accumulation side of things. I doubt i would play around with more than a fifth of total holdings, and even these figures feel way higher than i'm willing to take let go of, albeit a part of it will flow back, hopefully near a later bottom. Don't we all love them? I mean bottoms  (*big butt pic here*)
Unless you mean the way up in longer terms, say after another two cycles or more. I will have to take major profits at a reasonable age, when i split my holdings in the "my" and the "rest of the family"/inheritance part(s). The latter should be sold at will by my children, i will not care when and how much.

I bet you're right regarding that short attention spans, at least it feels plausible, as far as i can compare with my observations of "close" society.
But: The dynamics behind this behaviour is also able to be explained by (lack of) impulse control and also extrapolation of short-term events onto the mid to far future.
Extrapolation in the means of, for example, a short dip not bought up within a day or two seems to project fearful thoughts between "we're going down moar, soon" and "the whole BTC bubble will pop, soon" in more than just some individuals. While i know these fears personally from my own past, they were always cured by zooming out and remembering myself about the timed market cycles. My impulse responses almost always led me to the wrong decisions, in hindsight. I have to admit though, that i suffer from impulse control disability to a good degree, but i have learned to manage it through awareness and discipline. Two things you can't really expect from a good part of market participants. Becoming a Bitcoiner was awfully accelerating that learning process, to be honest.
On the other hand, short term up's seem to ramp up the number of longs through greed and fomo, and those seem to be liquidated very often when the FOMO is correcting shortly afterwards. I was keeping my hands off leverage for a reason and it was good that way  

EDIT: After thinking over my reply, i guess it's mostly the YOLO (which, in my opinion is half way mistunderstood, see below) society that is prone to impulsive decisions.

And YOLO, the term for "don't care about the future", is in fact a very precious concept, when you look at it the yin-yang way:
There are times you should not care too much about consequences of your decisions, resulting in missing out opportunities you can take only one time in your life.
But there are times, you should indeed care about such consequences, because these could degrade or prematurely end the one precious life you have been born into.
So, YOLO advises one to weigh the importance of the now gainst of that of the tomorrow. That's the way i understand it.

A better term to replace (the half way misunderstood) YOLO! in a more meaningful way would be "Live fast, die young", as we said in the old times  

Enuff of the offtopic now  


I started to build these kind of reserves too, recently.
Just pointed that out a page three pages back or so...

Always funny how a long term developing taxonomy is being evaluated from a short term view, regarding that 0,001% tweet 
It seems like the old "It's a bubble" narrative from 10 years ago managed to hold up.

But you prematurely judge the "ETF trust guys" as amateurs?
Interesting...

EDIT: In other news...

https://www.coindesk.com/policy/2024/01/18/eu-provisionally-agrees-tough-crypto-due-diligence-measures-to-combat-money-laundering/


Also the EU:



 

Does this mean that EU citicens have to transfer future fiat gains in units of €999 from an exchange to their bank account(s)?
Does that also mean that one can't send to or buy on an exchange for more than €999 in fiat value without being reported?  
What if the exchange of choice is not operating from inside the EU?
Asking for a friend...
 

Irony?
If not: Apples - Bananas
Client demand drives ETF Bitcoin accumulation. AFAIK Bitcoin are bought by ETF after market hours (read it in some tweet referenced here).
These stats are impressive, considering onyl three days of trading, which started on a friday, so effectively five days of play, depending on point of view.
Of course, i would not extrapolate these figures seriously onto the future, but imagine ETFs buying BTC like this every week. Remember, only three are ETF's are mentioned in the quote of this article. Elon's big pockets would be surpassed pretty soon. Who knows how many of his BTC were used to buy Dogecoin or already sold off?
Time will tell, and Bitcoin will do its thing, most likely in the way of another full cycle of known price dynamics.

(EDIT removed for new post)

After reading the tweet, i stumbled over Trump's statement to never allow a CBDC  

https://twitter.com/BitcoinMagazine/status/1747819823159972003

Never thought i could like this guy...

https://www.youtube.com/watch?v=z3fgJCJ_daE

Watched this a couple weeks ago. But there is signal in the "buzzer", for example letters (minute 5:25) but only occasionally, also morse code etc. There is some more info in the video. Seems like i have some more time to post in the next days, because i am in self quarantine again (but my last Covid infection wasn't even 3 full months ago)  

EDIT: I had a feeling already, yesterday. Very mild sore throat, 5-10 light coughs per hour. So i got myself some Listerine (one of those containing Alcohol) and Carrageen nasal spray for hourly application, early morning today. Seems to work.  I'll keep ya'll posted.

Buddy  No quads. Not today 

It's a simple question, but the answer is a little more complicated.

My most beloved insurance company decided to fight again, against all odds, but that is what they do, probably hoping that their opponents... uhm, sorry, "customers" give up or can't pay the lawyer bills. My lucky ass got an insurance for this from a different company as well, btw. As far as i heard from my lawyer, the health insurance company seems to flood the court/"customers" with trials, to decrease the effectiveness of the free service offered by the chamber of labor, which happens to exist in my country, and they have a limited amount of lawyers, which results in a situation that they can't take care of even half the cases. Instead most members get advised on how to do the paperwork and defense at the court themselves. An ugly truth. More and more victims of this flooding give up their rights, because they can't or think they won't make it.
Usual timeframe for the trial is 9-12 months (at best, because of the insurance's court flooding).
Now, i am prepared for that by keeping a fiat reserve for living and extra cost, because i have to live on less income than usual, (part time job in the electronics industry included, which generates about half of my needed income).
Another thing to consider is annual tax refund, which i profit from as a partially disabled person having children, too. I will get the money after declaration in a few months, probably a few weeks after the halvening. In between is the time where i plan to invest in Bitcoin, by DCA (which i limited a bit, recently), and by lump sum investments.
So, if i "risk" my bank account money by buying the down, i could sell pre-2021 corn (tax-free) later on the up, and i get my bank account filled up again by the tax refund. Very little risk, if you ask me. And then there is the fact that if the insurance will lose the trial against me (which is about certain), they have to subsequently pay me all the suspended money. But that is the amount that i do not take into consideration a 100%.
Also, i plan to buy some things to make my astronomical life easier, and more hi-res, which i just delay a bit after tax refund and post-halvening, when i grab a little cash from old corn, so i can buy moar if Bitcoin drops (said $5-$10k).
If there is no such drop, i just continue the DCA-ing and increase the monthyl amount, buy a newer car sooner, something else that makes my life "nicer", or  just increase my fiat reserves a little more, there will be a bear market again, and this will be the time when this reserve will shrink again.
This cycle i also plan to sell on the (projected) 2025 up, so a quarter of my tax-free corn can be converted into more (but taxable) corn about two years later. When these amounts are to be sold later, tax will cut less than 5-10% from the total net. gains, given that tax law stays as-is.

IDK...
Pre-ETF anticipating buys started at around $38-39k, imo. The post-ETF pump got smashed, and it seems that the short-term fiat traders got shaken off the train and are enjoying their little fiat yield.
I doubt that long(ish) term buyers that went in at $38k will toss their corn on the market now. It just makes no sense. But as you already wrote, King Daddy doesn't give a shit.

The earth IS flat, how can it be printed on flat sheets of paper and hung on a wall, then?  

EDIT: I can hardly wait to buy a more recent astrocamera. It will be twice the resolution and dynamic range, easier to process and less noise.
A matter of a couple months.


I'm ready... and my bank account, too  

Yeah, i guess many were brainfucked by the pandemic. (Almost) nobody even gives a shit to reprocess what happened. I lost friends who are seemingly caught in conspiracy theories forever. If you weren't mentally stable before 2019, your condition is probably worse today.


AA - Artificial Attractiveness