in my motherland
lockdown for the non-vaxxed
starting tomorrow
the third lockdown though
kind of light version, this time
permits lots of things
shit hitting the fan
incidence almost 1k
bitcoin doesn't care
#fuckthesystemhaiku
I thought that was Oberösterreich only Nope. Until friday, yes. Incidences are going through the roof atm. Saturday the minister of health announced the nation-wide LD for the unvaxxed, today it was fixed in parliament, effective 53 minutes after publishing it to the national "legal information system". People are allowed to go to work and buy food, visit pharmacies, gas stations, go out for a refreshment walk. but NO more shopping and going out or visiting friends/family for the unvaxxed. Government is wetting their pants right now. They did nothing all summer, called out the "end of the pandemic", followed by the "end of the pandemic for the vaccinated". 40% of all covid patients in hospital are fully vaxxed, rumors say the number rose to 50% this week, while about 20% are currently fully vaxxed in ICU. They did a lot of testing before, then they stopped testing of fully vaccinated people. Also, vaccinated folks that got close to an infected person were no more needed to self-quarantine and testing. So the infection counts exploded, they said PCR testing is mandatory for going to work, also in effect tomorrow, and the labs already refused to take newly submitted tests on saturday, because they don't have the capacity to process them. Next they want mandatory vaccination for people working in geriatric and medical field, while the hospitals are expecting up to 20% of their staff to quit. Thie is getting way beyond popcorn level. Interesting times. I will continue reporting in the covid observer thread after today. EDIT: uhm, forgot to mention that they dedicated a bunch of police officers, who should watch, check and prosecute peeps not obeying to the restrictions. It looks like EU is going positively crazy about it. With all it's warts, America looks like a sane person in this insane asylum of the world we live in. |
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Yes, I always thought of bitcoin's inevitable expansion as a new sort of "Manifest Destiny"...not everyone would understand TM |
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In 2021 movement of a 2000 btc 'bag' is news on the interwebs
In 2025...................200 btc movement might be
In 2029...................20 btc....
At some point...selling of a WHOLE btc will be news.
...Hope springs eternal.
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All bitcoins that are not moved for a certain period of time (20, 50, or 100 years) should be presumed lost and then recycled through the usual mining process. I'm not sure if that can be achieved through a soft fork.
FUCK YOU WITH A RUSTY PIPE FOR SUGGESTING SUCH GARBAGE. but dude it is pretty much certain to get pushed in 2049 to 2069 time range. and I can tell you human nature it will happen. nope.. pretty stupid idea.. One thing for sure..if you have bitcoin with a bank and don't touch it for 5 years, it is as good as gone. They have a 5 year account inactivity feature. I had one account I forgot about forfeited like that, not that I cared much, it had some very small amounts there, but this is the rule they use. |
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How NOT to be an "enterpreneur": https://www.cnbc.com/2021/11/10/kid-siblings-earned-160k-mining-cryptocurrency-like-bitcoin-ether.htmlnice kids, have revenue of 160K, but look at those expenses: ~$250-300K in 3090ies ~$75-100K in 3070ti ~120-240K in "specialized bitcoin mining machines (which go typically for $5k for older, 10K for newer). Total outlays: could be as much as $540K..revenue $160K so far. Basically, daddy is financing it. Oh, my. What would they learn? Borrow and lose money? I know that kids are probably happy, but doesn't it show the WHOLE state of affairs in the world? Borrow and then LOSE. |
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So, as many suspected, our 'bear' might have had a serious stash at some point.
Now all lost in a sad boating accident, rumor says. Right?
All I can say is that the name does not appear random.
Respect.
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who cares... @JJG?
nobody
if you think that going from 65 to 650 is the same as going from 65000 to 650000, I beg to differ.
It ain't..that is NOT to say that it cannot, it's just a completely different story.
At 650k, bitcoin is (will be) geopolitical.
Right now, it still looks like a very large cap stock (in size).
At 13.65 trillions (eq to 650K price), it would be large countries "playground".
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.... I think there is a strong possibility this is the phase the market is in right now, we've seen it before in previous bull runs right before some epic rises on thin volume
... I tend to think of it as the calm before the storm of the manic mark-up phase, you see it in other commodity markets also, grains, softs especially and local weekly cattle auction rings all share the same characteristics, also great studies in human psychology of markets
... basically the market is running out of sellers at these prices as the sellers now are expecting/demanding higher prices for their goods .... the buyers are there at the ring with cash in their pockets waiting for cheapest prices but they can see pretty much how many cows are left in the pens, the grass is going crazy in the paddocks back home but the sellers are in solidarity sitting on their hands saying NUP .... there's a quiet, tension in the atmospehere as the Mexican standoff goes through it's dance
... then the first buyer loses his nerve and puts in a big bid well above market, bang, that is the starting gun for the mark-up phase
... all the bids start coming in higher and higher but only a few get filled, fomo kicks, still no volume, the sellers are going to wait for the new price level to establish when it's in new territory
The 64k question (lol look what I did there?) is how far will the fomo send it? There are two things that are "different this time". 1. I think there will be more fomo than we have ever seen by a LOT. 2. The distance between 65 and 650 is quite different, and yet exactly the same as between 65,000 and 650,000. That's where the really chewy part comes in I think... I have no idea. I know what you mean....but the DISTANCE is typically not being measured in % (as your example illustrates). The numerical distance between 650000 and 65000 (be it miles or mm) is 585000 "units", while the distance between 650 and 65 is 585 units. Naturally, 585000 is exactly 100 times bigger "distance". With 585 miles driven you won't even cross the TX border going north from here, but with "driving" 585000 miles you would circumnavigate the globe more than twenty times. I know that i sound boring and I get the gist of your idea, but i just can't agree that these two series of numbers are even remotely similar, sorry. |
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$63k in one two hours  Hope chart buddy accepts your proposal but here we are seeing pump for ants  Yes the volume is virtually non existent One of the most interesting parts of this "cycle" in my opinion. It is not retail. The retail markets are nothing more than an unreliable oracle so far. And the majority of acquisition is happening in dark pools. If retail DOES start to buy this cycle they are going to soak up the available float so fast it will make peoples eyeballs pop out. Watch. (If it does not happen this time, which is hard to even accept as possible without some giant global macro black swan... it WILL happen in the next cycle.) Nice...just one note...retail is NEVER going to buy a 65.5 64K asset. Not in the cards. They will buy ETF at a fraction of the price, though, or things like GBTC at 50 or even 150 when it gets there. |
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...That's what i am talking about...boys and girls.
Where is that funny ball shooting his way?
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Kessler Syndrome inbound
indeed...Mega maid from Spaceballs is urgently needed: https://youtu.be/EWQAvMUUJr4?t=30On a more "serious" note-here is your solution to the Fermi paradox...at some point the debris field would be so dense, you won't be able to launch anything: probes, missions to other planets, etc. Pretty sad if it comes to fruition. |
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I’d settle for $105,000 right now, if you offered it me. haha... However, as I mentioned before, I predict a lot of a stress on WO if/when bitcoin goes to 84k first, but then dips back to 64-65k. The psych wounds from 2017 (not selling in time and missing a dip buying opp) are still there. My method of coping is in not currently having any btc on the exchange (to sell). |
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well, it's a "bit" optimistic, but i like it. That said, what would be a % of WO that would think that 84K wave 2 "top" is IT and would start selling as it would go down a bit down to re-test 65K? Nerves would be fried remembering 2017, right? Kind of look forward to this because I know that obnoxious bitboy would surely sell there. bitboy=Vinny Lindham of 2017 can't stand that loudmouth (both of them, actually).. |
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Diworsification
Is that a new $20 word for being 100% all in on Fiat??? It's a word indicating the consequences of listening to their presumably sage advice of selling some btc and di WORSI-fying into stonks and whatever other coins their mothership would be peddling then. |
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I cannot recognize people who are also grimacing, smiling and have 'weird' hair...for shits. I think the test is purposefully designed to say..SEE, you cannot make a distinction.
That said, when I worked with "typical" Chinese and Japanese guys, it was very EASY to distinguish mandarin speaking Chinese from Japanese (not sure about Koreans), no doubt...the 'accent" is different as well.
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If someone accumulated a wad of fiat cash, their 'f-k you status' might not last long, me thinks.
If most or significant % of your f-y funds are in bitcoin, then you would have a better chance, but reasonable people might disagree on these points.
I am relying on my significant other for spending of the already available cash (mostly in the form of the money flow) as I can't do any significant non-house related projects before I decide to stop working.
One idea would be to significantly increase my mining outlays upon retirement, but i would need to find or finance cheaper power first.
For some reason solar setups are still very expensive in price by kwh at residences around here.
Both NE (New Hampshire, maybe) and Pacific NW (Wash state) look attractive post retirement as far as mining is concerned.
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a pretty shitty weekly close...completely manipulated in the last 5 min.
alas, screw them all....
in a long run, wgaf.
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It’s a hell of a lot easier to have “fuck you” money when your 60 than when your 40..
You only need like 25 years worth of “fuck you” money if your 60, if you are 40 then you need 45 years worth of “fuck you” money..
Wrong way to think about it. The goal is not to have a USD bank account that you drain and reaches 0 when you die. The goal is to have enough assets to generate sufficient yearly income indefinitely. That is independent of age. It depends if you are talking about true income or income generated by withdrawals. For the latter, see https://www.investopedia.com/terms/s/safe-withdrawal-rate-swr-method.aspMy preference is to have true income: salary (later SSec and pension), rents, mining, etc. I prefer not to touch my assets. The plan is to distribute those to the extended family and charity causes. |
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