Sure sell all now, just before alts boom, you will regret it later. was waiting..but likely will dump my 8,500 LISK in 2021..just to make taxes easier...same with Siacoin....no pump evident..better off just taking a loss
on both and moving to Bitcoin.
Nothing about LISK has been of any note for last 2 years...indeed..they just seem to be burning through development money just to be
Brad
I said 2021..i also think that the 'dubious' Trump held-wallets regulation will likely come through and also the mt.gox stuff.. so we will be looking at a downturn in price on such FUD. Short-term say 3-4 months until clarified on both. I'm pretty sure the Trump Admin 'clarity' of BTC/Crypto rules will suck short term and a lot of drama. Thus me waiting till sometime in 2021 and indeed sometime after the altcoin bloom as you say...i just think blowing past $20k and staying there is not gonna happen till at least end of Spring 2021. If I'm wrong, I'm happy. If I'm right...cheap coin.  brad |
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Not really convincing for me. Same phrases said for many years and progress wasn't really that great compared to for example Waves. Marketing expenditures 200k every month for a few team members and almost no public relation? Oh come on  To me it seems he still doesn't really have a business plan, also sentences like "We can do whatever we want with our LSK tokens" may be honest but still shouldn't communicated public. Foundation lasts a few months more before they are bankrupt, Lisk is a dead project, sry, saying this as a former supporter. was waiting..but likely will dump my 8,500 LISK in 2021..just to make taxes easier...same with Siacoin....no pump evident..better off just taking a loss on both and moving to Bitcoin. Nothing about LISK has been of any note for last 2 years...indeed..they just seem to be burning through development money just to be (added lost in post) able to keep their hand in and play with development like a rich man's game...no pressure on deadlines in all the devs with the initial BTC into the ICO for LISK are set for life..you can tell this by the 'hobby' nature of development and not really caring IMHO about any progress...just a rich man's dev toy to play with and go through the motions now it seems. i've seen this with ASIC POW miner projects...1st batch great, made the $$$ firmware fixes, updates, 2nd run..yawn..why bother we made our pre-order BTC and have no 'issues' anymore. Brad |
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Yeah, I've checked them out and others. The costs come out to 8c kWh to 8.5c kWh when you figure shipping and setup costs per unit etc, etc. That must mean that around 8c kWh is about the 'least' amount you can get walking in off the street. I might get more of a break if I sent the guy like 10 ASIC units of whatever flavor, but alas, can't really do that, don't ya know. Now I know of 'some' folks on bitcointalk and litecointalk that get like 4-6c kWh but they are kinda 'grandfathered' in and just plain are not looking to host anyone outside of the group of folks either known to those running the data hall or again, big enough. Also, you add the cost of say Bitmain equipment even if you could get such, in a timely manner or any other ASIC miner of any Algo flavor...and even the risk of buying one say Bitmain unit, even if you got it today, just don't cut it at 8c kWh.  Thus the overseas angle. Actually on 2nd thought, love America, but with 2020 and the last 4 years of the Trump Administration getting kinda sick of Americans.. I should just move overseas....anyone got a 'sister'..... But yeah, it is frustrating when I can make more just selling stuff I'll never use out of my attic on eBay and convert to Bitcoin and make a lot more money than I ever could now at my home rate of 13.85c kWh Residential now. I currently can jump in again anytime at 8c kWh with a data hall I do know in the The USA, but with current equipment not available of any ASIC flavor till what Summer of 2021 and dubious equipment used....not worth the hassle..that is unless you are one of the 'wise few' in the USA that did some Solar, back in the day with grandfathered in benefits, now dismantled under the Trump Administration. Truly been 'gutted' in my state indeed. Currently, I know solar operators with local cities and counties? contracts where the city is telling them they will only pay 8c kWh vs the grandfathered agreement of current rates from 5-7 years ago with Solar subsidies...that was set in contract..they should be getting a base rate of now 13.85c kWh. Cities and counties are getting desperate with no tax revenue coming in with the USA recession and covid-19 pandemic. I'd expect 'more' of this pushback around the USA on grandfathered in Solar operations. So anyway, would love to mine 'Solar' but unless pushback by Biden Administration on such things back to 5-7 years ago (doubtful) that boat don't float...it used to be you could 'mine' solar for a profit and pay off solar in like 10-12 years alone, ASIC mining you could push that up to say 8 years payback. No more of that in my area. So it goes, probably the same complaints were made by miners when they had to 1) upgrade from their laptop 2) upgrade to GPU 3) upgrade to ASIC etc, etc. Brad |
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Currently I have waited 3 hour  Probably 1-3 Hours like yourself I found this searching around google, some people claim Satoshi waited 130 Hours after mining Genesis to the first Block, however this I beleive is untrue, its more likely he was fixing issues with the code during this time and it did not actually take him 130 hours. ----- Here's a complete list of the differences between blocks, sorted by difference: http://paste.ubuntu.com/6780012/And here's a BASH script used to get a list of blocks and a difference between their timestamps (requires jq): #!/bin/bash
COUNT=$(bitcoind getblockcount)
PREVTIME=0
for (( i=0; i<=$COUNT; i++ ))
do
HASH=$(bitcoind getblockhash $i)
TIME=$(bitcoind getblock $HASH|jq ".time")
if (( "$i" > 0 )); then
echo "$(expr $i - 1)-$i $(expr $TIME - $PREVTIME)"
#progress display
if (( $(($i % $(($COUNT / 100)))) == 0)); then
echo "$i*100/$COUNT"|bc|tr '\n' '%' 1>&2
echo "" 1>&2
fi
fi
PREVTIME=$TIME
done Run it like this: bash blocktime.sh|sort -n -k2. Takes a while to run (circa three hours on my system). |
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It can be 'tricky' to tell if a coin is really 'dead' or not. This is because ALL the Crypto Exchanges here or there or anywhere NO LONGER purge 'dead coins' they just live on the exchanges forever. The price 'never' goes below 0.00000001 1 Satoshi. For example, I have the 'dead' coin FujiCoin of 10 million of them. That would mean that 'on paper' it is worth at today's prices of $19,315.18 from www.coinmarketcap.com $1,931.52 USD. With me so far? But you have to look at the coins 'sale' volume and how many coins on various exchanges are for sale or buyers. In Fujicoins (FJC) case there are like 50 million FJC for sale and NO buyers at this bottom price that can be listed on any exchange above. Thus at say $6 of sales in a month, with on any exchange, millions of FJC ahead of you in the sell column, you will NEVER go up enough in the que to sell any coin. Thus this is the sure-fire way to tell a dead coin...no volume..no sales and everyone trying to sell ASAP on all exchanges and of course the kiss of death of 1 sat is a low as you can go. Again, it would be nice if exchanges 'would' research stuff like above again and get rid of 'dead' coins..but hey $6 a month of FJC sales is $6 a month of FJC sales to the exchange, so they never bother. Thus exchanges keep filling up with the latest coins and never dump the dead coins...making it all so very hard to muddle through all this. Anyway, this is how I know Fujicoin is deader than dead, no matter what the exchanges or the founder of FJC says. Brad |
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Today's Date: 12/12/2020 From the current price from www.coinmarketcap.comToday's Time: See Forum Time On This Post! Current Price: $19,315.08 USD Total BTC Needed: 51.77 BTC Progress! Looks like I'm wrong, the FUD of Mt.Gox and 'supposed' USA new and dubious regulations on wallets seems to be not an issue on price at all! Would be great to see another All-Time-High over $20,000.00 USD this year though. Crosses Fingers! So it goes! Brad |
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Mt.Gox is going to 'supposedly' release $2.6 Billion USD worth of Bitcoin in the Mt.Gox Settlement from 2014 Crypto Exchange fail. That is around 140,000 Bitcoin. Due to this being a settlement I believe under USA Tax Law there is now Cap Gains for it hitting your wallet. I myself figure, if you were that early and adopter to be on Mt.Gox in 2014 you likely will HODL so no effect on Bitcoin price, but we will see! According to coinmarketcap.com the total bitcoin trading volume over the past 24 hours was around $24 billion ( BTC1.25 million). Granted most of is the fake volume that CMC reports and a lot of it is from altcoin trading but at least $10 billion of it is from actual bitcoin exchanges and is fiat volume. I'd say a one time 140k bitcoin is a drop in this bucket and the only thing it could cause is a weak hand panic sell and nothing more. And that is not something we can predict. So far the market doesn't care. Yeah, again I agree. The most likely, in my view, scenario is that the Mt.Gox Bitcoin will likely NOT be dumped out all at once. Likely the Bitcoin will be moved over the period of a month or so, IMHO. Also, again, IF you had Mt.Gox Bitcoin in their exchange (again, if you were gonna have any money in 2013 and 2014 it is 90% plus likely it would have been sitting in the Mt.Gox Exchange, in that it was the most famous/first/and popular back when) Anyway, if you were to have left what you considered BTC dust in this Mt.Gox exchange, back in the day, I shudder to think of what BTC dust was at the date Mt.Gox locked up funds on February 7th, 2014. Wikipedia: https://en.wikipedia.org/wiki/Mt._GoxThe price of Bitcoin that day according to Coinmarketcap was www.coinmarketcap.com was $751.03...so indeed 1/2 a Bitcoin back then would be considered BTC dust indeed. So, IMHO, in that 'no one' but early adopters had BTC in 2014, I'd guess, again, that most are HODL'ers still from way back when and wouldsimply HODL the coin. Also, as you say, with the 'supposed' date of this being December 15th, 2020, or two days from Today...indeed..it seems no one cares. Brad |
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At this very moment, everyone is discussing how the price of bitcoin is going to exceed 20,000$ within this month. But by analysing both current and previous situations, my personal opinion is it's not possible for now. What is your thinking regarding this situation?
If bitcoin can not exceed $20,000 this month, we don't have to worry because bitcoin price will have much time to pump. I believe that bitcoin will finally break $20,000, no matter if bitcoin needs more time to increase. I am sure people will accept that and they will still wait for the bitcoin price to rise. The market situation becomes better than a few days ago, so I expect that we will see something good with bitcoin. But we need to prepare for anything that can happen to bitcoin because no one will know what will happen later. I think that Bitcoin will NOT exceed $20,000.00 till well into the year 2021. Maybe if we are 'really' lucky I'd say by the end of March 2021. My reasoning after being into BTC since the day I started on her of April 13th, 2013 is the pattern I've seen over the last 7 to almost 8 years since. ATH then FOMO then FUD. First, you have an ATH (All-Time-High) then you have the PUMP and FOMO (Fear Of Missing Out) then lastly, the most painful FUD (Fear/Uncertainty/Disinformation) In other words, the ATH gets Bitcoin/Crypto a LOT of attention...as it has, as just now, 'puttered' up to that ATH again after 3 years or so. then the 'powers that be' as I like to call them Govt/Traditional Finance/Banks/Centralized Power/Elites/ etc. All go 'damn' when did BTC/Crypto slap back as a 'thing'? Last we looked it was 12/24/2018 and BTC went from the last ATH down to $3,900.00 USD or so. So the FUD kicks in. Got to 'slap' this idea of decentralized power back in its place. Like the USA powerful just tried to do with that 'pesky' decentralized Presidential Vote in this last election or gerrymandering districts to concentrate political power or stopping decentralized labor reform, etc. Too frigging dangerous. Again, they will 'fail' at this, but this is the usual 'slap-back' I've seen about 4x since 2013. If I still had 'courage' like when I had no $$$ alas, no balls anymore to sell BTC on the dip and re-buy. Now safer just to HODL/HOARD But anyway, always a 'slap-back' of anything to do with decentralized wealth and/or power from those that love the status quo and have $$$ and power. The essence of a Political Science Degree Indeed. So the Federal Govt will likely IMHO, pass the regulation, in the dead of night with no hearings, and make self-hosted wallets unusable at best on USA crypto exchanges unless you can do KYC (Know Your Own Customer) both ways on any BTC address transaction. Which of course, is unworkable, and likely enough pushback by big shots in BTC/Crytpo to be reversed, but this seems to be a deal with ALL the fast track regulations being slam'd out by the former Trump Administration so I'm sure we won't be left out. This means, ahem 'cheap coins' the price will be slap'd down by such an action and the resulting few months of confusion at best until the Biden Administration would, under pressure, fix this in a more sensible manner. The other thing, of course, black swan event wise also, is that Mt.Gox is going to release $2.6 Billion USD of Bitcoin from the 2014 settlement of, exchange going under. Again, best case, short-term price shock IMHO, due to the fact if you are such a legacy Bitcoinner from back in 2013 and 2014 you had Mt.Gox Bitcoin you may get back, you are just gonna move the stuff to a different wallet maybe or your Trezor and HODL is my guess. But things in the best light will dump price to about $12k to $13k IMHO before resolving over our 'lovely' pandemic winter, so it will be 'cheap coins' and I should buy some more BTC dust. If I am wrong and all this stuff makes it a lot worse, I'll have more to worry about with my BTC Hoard/HODL stuff...that the BTC dust I will lose by buying in 2021 on the assumptions on the 'dip' in prices above...I will not notice through the sobbing and the tears, if we have to wait for another 3 years till another ATH and $20,000.00 BTC. I hope I'm wrong, but that has been the pattern sucess (ath) fomo (adoption) fud (slap back) So the choices are, this too shall pass and if it takes 2-3 months of price confusion and FUD ..but as much 'cheap BTC/Crypto as you can!... If I am wrong then the BTC dust I 'gather' on the way down in price above if there are more long term or year(s) to come back to the ATH, the BTC dust I spent on the way down won't matter. I'll be crying like a 7-year-old child if I have to start at 8K coin again and wait 2-3 years for $20,000 or next ATH yet, again. God help me if I have to face below $10k BTC again. I may be inconsolable in my grief. Ack! The Horror! Ack! Thus the choice is easy, may as well be optimistic and buy BTC dust in mass quantities if possible and cross fingers. The alternative of either of the above having long term multi-year effects from re-acquiring the ATH or $20,000 BTC is to 'horrible' to contemplate! Brad |
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Today's Date: 12/12/2020 Today's Time: See Forum Time On This Post! Current Price: $18,820.74 USD Total BTC Needed: 53.13 BTC So pretty much 'flat' since the last post on this thread of 12/2/2020. Mt.Gox is going to 'supposedly' release $2.6 Billion USD worth of Bitcoin in the Mt.Gox Settlement from 2014 Crypto Exchange fail. That is around 140,000 Bitcoin. Due to this being a settlement I believe under USA Tax Law there is now Cap Gains for it hitting your wallet. I myself figure, if you were that early and adopter to be on Mt.Gox in 2014 you likely will HODL so no effect on Bitcoin price, but we will see! Brad |
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I'm getting around to my question below...but first IMHO, mining in the Midwest USA and such is pretty much over. 8c kWh is the best rate I can find in the upper midwest when you consider it covers everything. Setup/Tweaking, hell, they will probably even provide you with a Bitmain 220v PSU for free. My average residential rate this winter (just got it) Xcell is 13.85c kWh. Well, You can't mine around here!
So my question is, the only place to mine is to do so overseas someplace. Canada I've looked at but again all the bells/whistles I've seen 8c kWh is the best I've seen and that doesn't cut it. Has anyone had any 'legit' long term and you can trust the particular data hall overseas kind of history that you can tell us about? All I hear about is the usual 9 out of 10 horror stories of your BTC/Equip/or whatever up and disappearing at night! Or is there no such possiblity as such being rarer than BTC/Crypto Unicorns?
Also, people say to 'cloud mine' but frankly I've never seen a real 'trustworthy' cloud mining setup when the BTC/Crypto price tanks..you as the customer simply eat such costs from what I understand. Also, from the figures on setup/shipping/VAT and the rest I've never seen a 'supposed' on checking 'cloud mining' operation that beat 8c kWh anyway..and I know that doesn't work for me these days. Not that I ever went with any, but just doing the 'math' just because.
So again, is there any mining operations (full or not..) that just want to know if such 'exists' or 'existed' overseas where it would actually make any sense to buy 'someday' Bitcoin/Crypto equipment and have it go directly to the data hall there? Is there NO historical info on such stuff, even if it has been a 'closed' group for years? I 'know' I did this in this manner at the 'later' years of BTC/Crypto mining myself, in USA data halls across state lines. I also looked into Canada (again never better than 8c kWh with fees/setup/shipping/vat etc)...for hosting they likely were legit as well.
So hardware wise and data hall wise overseas and mining in 'due diligence' is this even remotely possible anymore? Direct Ship around USA tariff to say a 'trusted' data hall in China say,..direct from Bitmain say? I'd at least think fail/pass/win someone would have least tried such, dubious though it still maybe? Asking. I suspect not without a trusted friend or family member in the particular country to run interference..but figured I'd ask on this thread for the hell of it. Perhaps this too like Midwest USA data halls and mining and home mining, has gone the way of the DoDo Bird. But hey, someone here must have had at least one 'dubious' overseas relative they talked into doing this fail/win?
Brad
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Well. as long as I'm making 'dubious' polls on stuff, here is another one. On the 'supposition' that the outgoing Trump Administration and not liking BTC/Crypto in any manner, doing yet more 'dubious' regulations but this time having BTC/Crypto in their sites. They announce the supposed 'clarity' regulations on all exchanges must keep track of KYC (Know Your Customer) on all transactions (both ends) in and out? There is also a 'possibility' of the above is true that everyone in USA would have to declare self-hosting wallets like Bitcoin Paper Wallets and Trezor, etc. Yeah, it would really, really suck. But for now lets just go with the idea that KYC can even be done in/out on a USA exchange vs everyone just ignoring USA exchanges on such a rule and doing KYC on overseas exchanges instead if you are a USA citizen. Well, the first thing, obviously, from this FU BTC/Crypto last gasp of the Trump Administration would be this would not be uncommon. The former Trump Adiminstration is making confusing and dubious rule changes and FUD for lots of stuff before the Biden Administration comes in, just to muddy the waters. Why Not? All of the parties making, in particular, this 'supposed' clarity Bitcoin/Crypto regulation are out of office before Biden swears in as President. So no harm/fall can befall them. So why not? Things that come to mind: Could, if limited to USA Exchanges like Coinbase, even be able to DO KYC for in/out transactions on everything? Especially if I suspect this 'supposed' regulation would go in by 1/1/2021. I think not! Would not the 'push-back' by Gemini Trust and Coinbase and Square etc just stop this 'dubious' last minute regulation in its tracks? Would not the Biden Administration seeing this and all the other 'dubious' last minute executive orders and regulations coming out of the former Trump Administration simply not put a ban on anything done in the last 6 months of the election of such stuff? That is what I'd do to nip this massive FUD in most areas, including BTC/Crypto. Anyway, a small 'horror' story...what if..kinda thing here. What do you think would happen if such was actually attempted and pushed out here before the January 20th, 2021 swearing in of the Biden Administration? Reply below and/or take the poll. Sorry, bored in the pandemic..thus this 'what if" on this 'supposed' soon to be announced clarity of regulation and FUD. links below Coinbase CEO https://www.coindesk.com/coinbase-ceo-trump-administration-may-rush-out-burdensome-crypto-wallet-rulesTrump Administration's take on this. https://www.cnbc.com/2020/12/04/top-currency-regulator-says-to-expect-clarity-in-coming-weeks-on-bitcoin.htmlhttps://www.nytimes.com/2020/02/12/us/politics/treasury-cryptocurrency.htmlhttps://www.marketwatch.com/story/treasury-secretary-mnuchin-says-there-is-strong-support-to-regulate-digital-currencies-2020-12-07U.S. Lawmakers say Back Off! https://www.nasdaq.com/articles/us-lawmakers-tell-mnuchin-to-back-off-from-potential-crypto-wallet-regs-2020-12-09Anyway, your thoughts? Consider taking the Poll! Brad |
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With the way the price moved in recent times, plus a lot of bitcoin acquisitions by companies, I guess most people who will receive the payout would just hold and expect more profit off of it. They waited years for what seemed to be an impossible payout, it wouldn’t hurt to add a year or two more for some profits and ‘interest’ to their wait time. While there will be people who would certainly want to just be done with it, the vast majority would still hold, that I’m sure of, which may cause the price to be unchanged or drop a bit from where it is right now.
That is my view as well, I mean there is 'no doubt' they are 'early adopters' if they had frigging 'anything' in Mt.Gox rather than just on a paper wallet, back in the day, IMHO, they must have had 'some' Bitcoin they were moving around and selling and for equipment etc. Or why the hell did they have anything on more or less the only 'supposed' legit exchange way back when in 2013 and 2014? Thus, early adopters and just HODL'ing this now with the rest of their likely HODL Hoard in 2020 seems, again likely, also, IMHO. I had an account on Mt.Gox but never used it. I was mining and all the usual stuff, but not trading and it all such till 2015 went into a HODL paper wallet. So as active as I was, I had little need of a Mt.Gox account and eventually when I did need to move BTC to LTC or whatever exchanges existed by then. So again, IMHO, you were likely more a Bitcoin 'expert' back in 2013 to have BTC on Mt.Gox for 'speculation' purposes or something besides just a regular HODL'er back in the heady days of 2013, etc. Indeed, I'd bet that is where the whales played. So I think there will be no effect. Due to either (1) most Mt.Goz will HODL, just for the simple fact of being 'early adopters! or (2) Most Mt.Gox will HODL because they were 'mega-whales' back then in comparison to now...and such were using Mt.Gox for purposes other than HODL like most of us, again, IMHO, back in 2013-2014 ..er at least as newbies from 2013 onward. Chump or Champ! Boom or Bust! Doom or Boom! We will be the first to know! Brad |
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So what do people think is going to happen with Bitcoin Prices with the supposed December 15th, 2020 Mt.Gox settlement and payout in BTC? It seems it may happen more in stages now ..and not dump all at once on December 15th, but who knows? What is your view on the effect on BTC price or whatever? My current 'this or that' and 'waivering' view is (1) 2014 was an early adoption year and a lot of these folk may be long timers and will simply HODL any settlement Bitcoin. Being so frigging early adopters of Bitcoin and continuing since 2014 as to sell would be silly! (2) Mt.Gox was more or less the ONLY exchange at the time, so maybe my view of HODL'ers won't 'Hold" and they will simply look at this settlement after all these years and most accounts will be dust and simply sell. In maybe lots and lots of BTC dust and less about long term hodl'ers on the site..than just everybody, newbie then, newbie still and will dump the works. Hard times these days, etc, etc. But again, if you were on MT.Gox when it closed on February 14th, 2014. https://en.wikipedia.org/wiki/Mt._GoxWith the BTC price the day after on 2/15/2014 of $648.68 I could find on Coinmarketcap www.coinmarketcap.comHell, if for 6 years I was sitting around waiting for say 1 BTC or so, from back in the day on Mt.Gox the last thing I would do is sell. As I would 'assume' most people on the site back in 2014 are still into Bitcoin Today. Of course I know 'zip' just saying. We will be the first to know I guess. Consider taking the Poll. Brad |
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Hello
According to my research, the price is likely to drop to 14,000 to 15,000 in the most optimistic case.
And in the most pessimistic case between 11 and 12
Most likely, 2 months will be in the range of 16-18 and then the lamb will be in the range of 22-24
But a big climb for the year 21000 is on the way
I've been getting beat up thinking more or less the same, myself, on what is going on. With the mt.gox releasing $2.6 Billion in Bitcoin for settlement to the rightful parties or about 140,000 Bitcoin...I was more concerned on a dump. A bit less now, in that the mt.gox settlement will have a couple more 'hoops' to jump through and may just dribble this out in stages https://www.fxstreet.com/cryptocurrencies/news/mt-gox-may-release-150-000-bitcoin-into-the-market-drastically-increasing-the-downward-pressure-202012081328The concern for me was a 'super-size' dump because I myself suspect that the supposed Trump Administration proposed clarity of regulations just like supposedly before Biden Inauguration actually will require you to give information and perhaps amounts on your privately held wallets to use a USA exchange. It looks likely, both actions NOW will not happen at the same time, but my guess that if such did happen we'd be looking at $12k Bitcoin again. But it is a question, you'd have to say that 'most' HODL'ers back in the year of 2014 were 'early adopters' so if they are still in the game as a majority of mt.gox settlement recipients....simply look at this settlement and HODL? There is supposedly no taxes on settlements of this type in the USA..there would be cap gains if they sold it though. So if most of the mt.gox folk are really old time HODL'ers from back in the day..this could be a non-issue. Also if the Biden Administration was to promptly put a 'hold' on the dubious clarity regulations proposed as a fast track slam in place...along with the other dubious last minute regulations the Trump Administration is putting out as a last gasp, this whole dubious exchange regulation could be considered not a big deal also. Anyway, a bit more optimistic, but we could be looking at muddied waters on both of these things well into March of 2021..which means we could be in for at best low BTC prices in the $12K TO $14K range or ..if all of the above is not a big deal another ATH after the Biden Administration is sworn in after January 20th, 2021. Flip a coin. I myself have a plan on getting as much $12k BTC dust as possible if we have an extended flat or low BTC price above. Dubious regulations can't depress price forever...too much push-back IMHO by big boys of Crypto ....and the mt.gox stuff will eventually either stay mostly in HODL mode or get gobbled up. So maybe cheap coin or ATH ...either works as a 3 month cycle for me Brad |
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What is the reason for the decline in the price of Bitcoin is currently declining. Where would the price of Bitcoin go in 2021. I would like to know everyone's opinion. If anyone knows, please let me know.
In my view, the likely dubious regulation of Bitcoin Exchanges mentioned by the US Treasury way back in February of 2020. https://www.nytimes.com/2020/02/12/us/politics/treasury-cryptocurrency.htmlThen with all the 'dubious' regulations that the Trump Administration is tossing out to 'mess up' the next Biden Adminstration, as forwarned by the CEO of Coinbase warned of such. https://dailyhodl.com/2020/11/27/coinbase-ceo-says-us-treasury-may-rush-out-rules-on-private-crypto-wallets/Then to top it all off this tidbit of such clarity of regulations will come within 4-6 weeks (or 5 days at most before Biden is sworn in as President) https://www.cnbc.com/2020/12/04/top-currency-regulator-says-to-expect-clarity-in-coming-weeks-on-bitcoin.htmland last but not least, if the regulators really are on the ball and 'hate' Bitcoin and hope to mess it up further by 'timing' their dubious rules just right... they will do drop the regulations AFTER December 15th, 2020 when the finally Mt.Gox settlement is released for claims to all affected. About $2.6 Billion in Bitcoin or 5.5 months worth of mining or approximately 140,000 Bitcoin. So will people HODL or will they dump, due to hard times? https://cryptobriefing.com/mt-gox-bitcoin-distribution-sparks-selloff-fears/So it is gonna make for an 'interesting times' till this all is sorted out before the next ATH! I 'assume' that if such dubious regulations by the folks leaving gov't service would be likely reviewed and or tossed by the new Biden Administration and maybe also Congress, in that all such regulations had no open comment or hearings and have been hidden from view, pissing off more than a few in the legislature. We will see, myself, I'm thinking a big dump to around $13k and wobble around for 2-3 months until resolved..so cheap coins! Which I plan to take advantage of getting as many as possible in the realm of BTC dust! But that is why the price is going down, IMHO, all this potential FUD. How it seems to work with centralized power and wealth against decentralized Bitcoin/Crypto. First, the ATH catches the powers that be that hate BTC/Crypto by surprise..then the FOMO really catches them off guard...so they reply with 'dubious' rules/regulations which do little but drop the price and slow down Bitcoin/Crypto till all is resolved. Rinse/Wash/Repeat. So if they burden as the CEO of Coinbase fears undo regulations on USA exchanges with more KYC rules. I will simply go to an overseas exchange ..even a legit one..with the same KYC rules as now and all is dandy. Just means USA exchanges screwed and may end up leaving the USA. As much as the current Trump Administration would like to tell the world how to run or use or control Bitcoin/Crypto..not gonna happen. Not to mention the 'pushback' by all the USA exchanges like Coinbase/Paypal/Gemini Trust/Grayscale/Square, etc. Won't stand up in the long term, no matter how bad, IMHO. Scary stuff this decentralized vision of wealth and store of value called BTC/Crypto. Too much like squeezing Jello always comes back! So myself, if any/most/all of the above happens it will mean cheap BTC/Crypto for the next few months till the next ATH when all above is resolved in the next Biden Administration. I intend to take advantage of such to buy cheap! Brad |
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All you need for an IRS criminal investigation is enough powerful people to say you are crooked, with enough pressure the IRS will look into anyone with such info. So I think it is likely this 'investigation' on the whole was started less on facts (at the time, who knows what will show up) is a 'pre-emptive' strike over the next Justice Department and Attorney General under the Biden Administration (even with no interference from the Biden Administration all the different state cases and past the past losses like the Trump University and the Trump Charity Settlements and convictions..would have 'toggled' this anyway. My own 'guess' is there is much less evidence for an IRS investigation on Biden's son or this IRS investigation would likely have been done all throughout the 2020 Presidential election season. Thus now the China angle and the IRS investigating, in that the Ukraine dealings by Biden's son came to no crimes. IF there is something to on then the Justice Department and the AG will also press charges if needed on Biden's son, once the new Justice Department inherits this on-going investigation. However, that is in no way gonna stop the many investigations of the Trump family and Trump Corporation. A pardon is there only hope on 'federal charges alone" ..a pardon does not to stop or limit state crimes. Also in a pardon, you have admitted guilt. For years, Gerald Ford kept to this view, that a pardon meant you were guilty of the the crime you were pardoned of. If he is correct, Ford used to carry a Supreme Court decision around in his wallet on these kinds of questions, that Nixon got off the hook on guilt. Ford disagreed and said a pardon said he was guilty. I quote below: After Ford left the White House in 1977, he privately justified his pardon of Nixon by carrying in his wallet a portion of the text of Burdick v. United States, a 1915 U.S. Supreme Court decision that stated that a pardon carries an imputation of guilt and that i ts acceptance carries a confession of guilt." So aside from Biden's son (who if guilty would be very unlikely to get a pardon from his father, unlike the Trump children). The US House, for example, could, after the pardon of Trump or anybody from Roger Stone to Flynn to Trump himself...ask to testify on penalty of 'contempt of Congress' in hearings to get to the bottom of all the Trump Administration's crimes anyway. In that you are pardoned, you are free and clear on being convicted on whatever such a hearing can find out. Guilt or Innocence wise. BUT...by taking a pardon, you have 'waived' your right to self-incrimination in that you have already pleaded guilty by taking the pardon. Thus you'd have to tell the whole truth and nothing but no matter the question or you could be held for contempt of Congress on lying to congress and not being forthcoming. Also again, there are the state investigations that could then use this evidence of guilt from the congress testimony to go after whomever with those new facts as well. So we could be in for an interesting year. The pardons could further taint Trump's legacy and further make deals with various states along with congressional testimony to get out from under all. Thus, from state investigations and state conviction point of view it is still likely (unless deals are made before with state AG's before congressional subpoena testimony) most pardoned people could still end up in prison. This is what is really keeping Trump up at night. A pardon can stop federal convictions, but the mere testimony with no self-incrimination and Congressional testimony and contempt of Congress could lead to even more charges with such facts at the state level, in that the pardon never applied. Fun times indeed in 2021. Future Historians are gonna have a 'field' day with the Trump Administration from every angle, from office worker to AG to relatives to everybody. So again, I doubt the Biden investigation will rise to the circus-like aspects of the above Trump Administration folk's problems. It is a sad day in America when without jest when Russian media offered Trump sanctuary today! https://www.businessinsider.com/russia-state-media-trump-get-asylum-dodge-prosecutions-2020-12 So Trump and his children and all his cronies will be well into the news for crimes all through 2021. Fun! Fun! Brad |
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Below is a 'rant' IF the Trump Adminstration does plan some 'dubious' clarity regulation on self-held wallets and link them to USA KYC exchanges in some manner. Which, IMHO, I think 'doomed' but likely. How I plan to profit from such, why Buy/Buy/Buy on the dip for a month or so indeed! There is a 'chance' IMHO if you 'believe' (I know dubious) that Steven Mnuchin and the Treasury really does not like BTC/Crypto and leaving office and all will 'stick' some 'unrealistic' 'must report you self-hosting wallets to exchanges under KYC or some other nonsense. I myself feel, that he and the Trump Administration WILL do something along these lines, simply because they are doing 'dubious' regulations before the Biden Administration takes office, all over the place, so why not? Everyone involved with the above, no matter how 'dubious' or short-sided, if it came to pass, is going to be tossed out of their office or their Trump-appointed agency anyway. This along with 'ignoring' house and senate representatives who are trying to stop these supposed actions and to back off due to no open hearings, and this blindside of excess...on such rules. It all really smells like on the last chance attempt to make BTC/Crypto look 'evil' before the last gasps of the Trump Administration leave the office. I'll fully embrace my fear, that if the above is so, it will happen soon after December 15th, 2020 when 'supposedly' and finally the mt.gox say no more BTC to this day or 2) you were so back in 2014 in HODL'er early adoption mode, you will simply hodl this windfall as well. So in both cases, the person, who does get reimbursed from mt. gox, IMHO, will LIKELY just HODL from either being left out for years due to the mt.gox fiasco and this is a way to 'catch up' at least some of the BTC lost, from way back. Or most such are early adopters from 2014 and in HODL mode since then and will continue to HODL....with the rest of their BTC/Crypto to this day. But...the bull run...if it ends this month will be more due to 'supposed' and regulations of dubious nature on declaring your own wallet ...self-hosted or not to use a USA exchange than the mt.gox issue. But, the timing should be 'interesting' indeed. I think the regulators are well aware of mt.gox deadline and will spring these regulations soon after December 15th, 2020 to, in their hope, do 'maximum damage' to BTC/Crypto and disorder for the Biden Administration to deal with. In other words, no 'different' than all the other 'dubious' regulations the Trump Administration is dumping this month. So myself, I think there is a 'small chance' of the price dumping as much as 1/4 from the ATH due to these regulatory games mostly and timing. Not to be 'too' dismal. I think any such regulation would be put on HODL by the Biden Administration along with many others after the Biden Administration takes office.. so there will be price issues until such is resolved. So this won't last price-wise IMHO. To 'obvious' a 'burn and destroy' tactic. I see prices rebounding sometime at 'worst' in the next 2-3 months to another ATH. So it is a 'buy' time indeed for BTC in my case, if this does come to pass on the above. Buy/Buy/Buy my inner BTC Kool-Aid 'drinking' self, is shouting in my mind! If I am 'wrong' and in some manner, such dubious regulations stay in place in the USA and such, well, that I see as 1% chance, but IF? Then my BTC/Crypto Hodl/Hoard will mean nothing, eventually, if BTC/Crypto due to price alone can be that manipulated. Again, if it is THAT easy to destroy BTC/Crypto vs obvious $$$ worth vs BTC/Crypto dubious regulations, that cause HODL'er's to 'panic'. Well, I suppose the 'bit' of BTC I plan to buy on this 'supposed' dip if the above conditions are met, won't matter a hell of a lot, compared to someone's BTC/Crypto HODL. So, I'm still HODL'ing on this fast, and IMHO, this probable 'shot across the bow' of BTC/Crypto and again, using a 'dubious' regulation will be short-term the price may tumble....but it will slap back up as it has in the past with such games played against BTC/Crypto on a hopeless quest for control. So I will 'buy' in when this happens. Dig pennies out of the couch cushions, raid the emergency fund, etc. If I am wrong it won't matter, and the supposed regulators, in their angst to control works and the price does not recover, then BTC/Crypto can be manipulated and I should get out. If I am right, this will be probably the 'last' chance before the next pump to get some BTC/Crypto on this attempted FUD fest...which again, I see as lame and gonna fail for some of the above reasons I mentioned. So hell, take advantage of this! So getting some cash together and 'considering' dumping some dubious 'dust' shitcoins from back in the mining day to boot towards BTC dust. Again, I don't endorse these 'supposed' clarity of regulations or FUD, just saying if it does happen, maybe a person can profit from such, IF ONE believes the Biden Administration will not let such dubious regulations stand, and the BTC/Crypto infrastructure of exchanges and such will stop such in its tracks. Anyway, I post this here and we can see if it all is a big fuss about nothing, or my pre-planning to buy BTC on such silly actions will bear fruit. So as this thread implies on the 2020 bull run, if we have a big pushback in price it will be because of manipulation and will not hang together. The usual ATH then FOMO then FUD (FUD by the doubters who always get caught by surprise on the ATH and such) So if my dubious guesses come to pass you should 'buy cheap coin' as a result...if my 'dubious guesses don't come to pass 'buy even more' because the price is gonna pump! Anyway, how I'm playing this game with the likelihood of these 'clarity' of regulations for BTC/Crypto being 'anything' less than an attack on price. end of rant Bitcoin: Always Drama! (tm BTC) Brad |
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