Ten days? Ask again in two years.

Happy Pizza Day Bitcoinland.



The veggie wars continue... currently $9221USD/$12940CAD (Bitcoinaverage). Bouncy bouncy.

C'mon Bitcoin. We want to see Laszlo's Papa Johns worth $1B.

Go Bitcoin go.

Kool-aid or alcohol? Or both?

 

Gone down after the first? That's a stretch.

As I pointed out it rose almost continuously in a lovely exponential curve from $12 at halving to $266 at the peak of the bubble in April 2013. It barely twitched with the hard fork on March 11, 2013.

When the bubble burst it had nothing to do with miners. MtGox was overwhelmed and crashed, accompanied by a series of ddos attacks. Of course it was also vastly overbought and overdue for a massive correction, just as it was in December 2013 and again in December 2017.

Even after the April 2013 collapse, the price never went below $50, which was over 4x the price at halving. To say it went down is ridiculous.
_____

Maybe the price will go down below $8300 before year's end. It fell by a larger percentage in 2016. If it does it probably will have nothing to do miners. Miners mine, network hash rates go up and down, difficulties get adjusted, and blocks are added to the chain approximately every 10 minutes. The price of Bitcoin is not determined by miners. It is determined by supply and demand in the marketplace and the daily supply of new coins just got cut in half. As adoption continues to grow, demand will continue to grow. The price will follow.

That's indeed what a free market does.  

As for "us guys" losing money, speaking for myself, that's impossible. I've already taken out several times the amount of fiat that I put in and still have a nice nest egg with which to live happily ever after.

Craig Wrong?

Good morning Bitcoinland.



I see we had a little dip down into the $8xxx range and now we're back over 9000... currently $9095USD/$12682CAD (Bitcoinaverage).

Veggie seems to be providing support now at least, instead of resistance.

Go Bitcoin go.

Probably.

Any reason for thinking that?

In 2010, when Bitcoin was worth pennies, the idea of a coin being worth a whole dollar was a pipe dream.

In 2011 after it had passed $30 and crashed down under $5, the idea of a $100 coin was laughed at.

In 2013 when it had soared up to $266 and crashed down to $50, a $1000 coin was a fantasy.

In 2014-5, after it had reached $1100 and dropped down under $200 people mocked those who talked about $10k coins and wondered if it would ever hit a grand again.

Now we have people questioning if we'll ever see $20k again. Twenty grand? Been there, done that.

Bitcoin is still very much in its early stages. While most people have now heard about it, very few really understand how it works or what it can be used for. Even fewer actually own any or participate in it. Even fewer than that use it on a day-to-day basis.

As adoption grows, demand grows. Supply is limited to 21m coins. With the halving the daily supply of new coins has been reduced. The price will continue to rise as the years go by.

The only thing that can be predicted about Bitcoin's price is that eventually it will keep going up. This is why selling unnecessarily is foolish.

$20k is just another stepping stone along the way.

There's no pattern.

After the first halving it rose exponentially for 4 months from $12 all the way up to $266, a level previously only dreamed of.

After the second halving it took a steep drop from $660 down to under $470 in about 3 weeks.

Good morning Bitcoinland.

More of the same: up, down, and ending up sideways... currently $9769USD/$13562CAD (Bitcoinaverage).

Yawn. Stronger coffee please.


ftfy

Good morning Bitcoinland.

Bouncy bouncy. Under $9.5k, over $9.9k, back down again, now back up around $9.7k... currently $9705USD/$13500CAD (Bitcoinaverage).

Aren't roller coasters fun?
_____

I can't see why everybody is making a big fuss about some author. What do children's books have to do with Bitcoin? If she were a plumber or farmer would people care?

Okay, I guess she has more money to convert to Bitcoin than your average plumber or farmer. I could have said medical patent holder or architect.

No matter. It has nothing to do with Bitcoin. Have people become so brainwashed with celebrity propaganda that they think she's something special? She's just a writer fer crissakes.

Good morning Bitcoinland.

Up last night, down this morning, up some after that... currently $9673USD/$13538CAD (Bitcoinaverage).

C'mon Bitcoin, lets move up.


Haircuts? We boomers don't like haircuts.

How about those who bought under $10 or under $1? Life is amazing.

For those who bought under $1000 things are already pretty good and will soon be great.

Before long people will be jealous of those who bought under $10k.

Life is good regardless. Life with a nice stash of bitcoins is even better.

Sounds to me like he was overinvested in real estate.

If he had a mortgage, he's probably better off.

One of the smartest things I did was to get out from under the burden of home ownership. Now the only land I own is in Mexico and is 100% mortgage-free and tax-free. I rent in Toronto for a fraction of what it would cost to own my own home and with no responsibilities other than paying my rent on time.

Good day Bitcoinland.
Nine seven three three dollars
(Bitcoinaverage).

Up a little bit
Since yesterday and back down
Almost half of that.

Let's keep it rising
Steadily and not too fast.
Ten thousand this week?


When I think of those
Who listen to Masterluc
I use the word "TArd".

What do you call a guy who hangs out with musicians?

A drummer.
_____

How do you know when there's a lead singer at your door?

She can't find her key and doesn't know when to come in.
_____

How do you know if there's a harmonica player at your door?

The doorbell feeds back.
_____

What's the difference between a violin and a viola?

A viola burns longer.
_____

What's the difference between an oboe and a flute?

An oboe is an English bum and a flute is a gay Chinaman.
_____

Oops almost forgot:

How many country and western bass players does it take to change a light bulb?

1, 5, 1, 5...

I like to learn from other people's mistakes.

In the case of gambling, it was the drummer of a band I was in back in my high school days. He had saved up enough from slaving at a summer job and working after school to buy a lovely new set of Sonor drums.

One day we showed up for rehearsal and there were no drums. It turned out that they were in the pawnshop. He'd bet the money on a "can't lose" horse at the racetrack. It did lose.

None of us had enough money to get them out. That was the end of that band. Too bad. We were good. Won every battle of the bands we ever entered. It was a bitter pill to swallow.

I swore never to allow something that stupid to happen to me. Since then I've never bet on a race or game, bought a lottery ticket, gambled at a casino, or otherwise risked my money on something over which I didn't have control.

I don't play the stock market and I'm a Bitcoin investor, not a trader. I consider being a Bitcoin early adopter like being a venture capitalist.

VCs are investors. People who buy listed stocks after the IPO are just gamblers.

Good morning Bitcoinland.

Taking a bit of a breather from the steady rise after the halving... currently $9604USD/$13520CAD (Bitcoinaverage).

Back to 5 digits soon?


Obviously.

Gambling is a ruthless addiction.

Yuck. I'd rather do a full McAfee and eat my own dick.

Does your mother know you're posting her picture in the internet?

I also went with 1st half 2021 and immediately thought I should have voted 2020. If we haven't reached an ATH by this time next year I'll do a John McAfee (sort of) and eat a pussy.  

I agree with JJG that the poll should have split 2020 in half. If this is anything like the first halving we'll have an ATH before the end of October. Otherwise the usual autumn bull run could easily do it.

Then again it could be like 2016 and fall just short by years end. Should be fun to wait and see.