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Is it alt season yet?
Asking for a friend
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Observing 9666 BTC up 210% from Dec 17 low S&P500 up 24% from Dec 21 low Try harder, Bears  |
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Not quite all time high
A few more breaths up and down
Fifteen seven four four (15744)
thanks Mic
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suberb analysis thank you so much for this precise and accurate report i hope in a rain of merits for this amazing report  Thanks! I wish I knew a merit source! Haha, you've already got Hero merit, all you need now is a hundred twenty memes and shitposts! |
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Think of 10k as thin ice.
We were above $10k only 85 days in the 2017-2018 bull run.
We've been above $10k only 11 days so far this year.
Bulls will tread lightly until they believe $10k can support their full weight for the next stampede.
Meanwhile, ain't nothing wrong with profit-grazing after a 4.44x rise from bottom.
Bears, meanwhile are desperately clawing at the fatty fat fish still taunting them just below the ice.
Let them eat snow.
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The king of doji
Thirty-five hundred eighty
Thus closed the weekly
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Here’s a beautiful gif for absolutely no reason other than me being a pervert.  wtf is with that big ole furry microphone? Ok gentlemen boys, enquiring minds want to know, and it took some digging but somebody needed to take one for the team... The source of this gif is the " Best Ass of Holland Competition". As the Sunday weekly/monthly/quarterly comes to a close and sadly my haiku doji is being realized, find some solace in your google-fu abilities to examine this classic video first-hand to try and catch a front-side glimpse. Personally, the assistant with the jiggle stopwatch just off camera in the gif is HAF. Less than an hour to go, let's at least try and keep this doji GREEN! Hold on for dear life
Do not doji the weekly
Buy the fucking dip!
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Hold on for dear life
Do not doji the weekly
Buy the fucking dip!
Sunday Panic Haiku
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We should definitely listen to proudhon’s price predictions.
...
I’m sure there are more quotes but to conclude - What a fucking loser.
Proudhon is the best contrarian indicator WO has. When Proudhon's around, we're in good hands. Proudhon is the Colbert of Bitcoin. Satire at its finest. Confirmed. |
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I'll be nice and quote the noob for effort.  |
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Was that a single market order sell of 8 or 9 hundred btc on Coinbase?
$1500 1 min candle!
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SCARAMOUCH SCARAMOUCH WILL YOU DO THE FANDANGO!!!
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Shitastic! |
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Tales from the Crypt
Last couple years, instead of cash, my wife has been gifting BTC for friends and family kids’ birthdays. Small amounts labeled as “college fund”. Every once in a while, she pings the parents: how’s that college fund doing? Some of the returns are approaching 2-3x. Still, few if any of the parents are buying on their own.
Got an Ozzie mate I tried and tried again to convince investing in BTC well before the 2017 run up. He finally caught the fever near the ATH. Fearing he was too late for BTC, he started buying XRP and a host of other shitcoins. Had to have a serious sit down. Might have involved some bitch-slapping. He managed to DCA himself into BTC over the past couple years and calls me up this week: “I’m back in the black!! Wish I bought more at the start of the year!” I suspect we've got a hodler for life.
Know a Chinese gal recently married to a Yankee expat who caught shitcoin fever like only the Chinese can. Unbeknownst to her hubbie, she started dumping massive amounts of her yuan savings into the 2017 hype. When she was down 20% last year, my wife and I spent hours trying to convince her to cut her shitcoin losses. She had no exit plan and remained convinced they would all bounce back. She’s since lost enough she confided in my wife she has been contemplating suicide. Intervention time.
Know a recently retired couple in their 60s, an old boss actually, who came to town in Feb to visit their newlywed daughter. I’ve never spoken a word to them about Bitcoin. One morning they point blank ask, do I own any Bitcoin? Is now a good time to buy? Why yes, now is the perfect time to buy. They’d be sitting on 2-3x returns if they actually pulled the trigger back then. I’m thinking they didn’t though and probably mistakenly think they’ve already missed the boat. Time will tell.
It’s a fine line advocating at the same time impressing upon others the importance of dyor, dca, hodl, don’t overextend, think years not weeks/months. For every success story lurks a potential tragedy, and that’s an albatross no one wants hanging around their neck.
Fun to pat ourselves on the back but let's not kid ourselves - watching walls get cut like a knife all the way down to $3k's was not exciting or fun. Most bitcoiners likely had been dollar cost averaging for a year in around the $6-8k range thinking 6k was the floor and then *poof* it dropped to $3.5k. Immediately after that, there was no reason to suspect we had hit rock bottom. Honestly, I think it would've been insane to have been strongly suggesting that normies be putting their life savings in, even at $3.5k. Price could've realistically fallen more (not to $0, but to $2k? Sure!) & then they'd be calling you crying about little Jimmy's college savings being down 50%. I'm just saying, it's easy to feel great when everything is 3x up from the bottom. We have been greatly rewarded for taking our great risks & I don't think we should encourage the uneducated normies to take the same risks we do. DCA is always the only way I encourage people to get in. True that, but the bottom for some of us was $152 or even lower. $3k or even $1k? Pfft. Think years, halving cycles even, not months. Don't trade. Don't get caught up in the exuberance of short-lived ATHs as much as possible and keep your eyes on the solid floors. DCA, of course, is your friend. Bitcoin has only closed above $10k 80 days or so. As long as you bought sometime in the last 10 years minus those 80 days, you are in the green. The asymmetry of this bet is rididulous and has been for much of Bitcoin's existence. Life savings? No, the most I'd ever suggest is 5% of retirement savings.  |
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Tales from the Crypt
Last couple years, instead of cash, my wife has been gifting BTC for friends and family kids’ birthdays. Small amounts labeled as “college fund”. Every once in a while, she pings the parents: how’s that college fund doing? Some of the returns are approaching 2-3x. Still, few if any of the parents are buying on their own.
Got an Ozzie mate I tried and tried again to convince investing in BTC well before the 2017 run up. He finally caught the fever near the ATH. Fearing he was too late for BTC, he started buying XRP and a host of other shitcoins. Had to have a serious sit down. Might have involved some bitch-slapping. He managed to DCA himself into BTC over the past couple years and calls me up this week: “I’m back in the black!! Wish I bought more at the start of the year!” I suspect we've got a hodler for life.
Know a Chinese gal recently married to a Yankee expat who caught shitcoin fever like only the Chinese can. Unbeknownst to her hubbie, she started dumping massive amounts of her yuan savings into the 2017 hype. When she was down 20% last year, my wife and I spent hours trying to convince her to cut her shitcoin losses. She had no exit plan and remained convinced they would all bounce back. She’s since lost enough she confided in my wife she has been contemplating suicide. Intervention time.
Know a recently retired couple in their 60s, an old boss actually, who came to town in Feb to visit their newlywed daughter. I’ve never spoken a word to them about Bitcoin. One morning they point blank ask, do I own any Bitcoin? Is now a good time to buy? Why yes, now is the perfect time to buy. They’d be sitting on 2-3x returns if they actually pulled the trigger back then. I’m thinking they didn’t though and probably mistakenly think they’ve already missed the boat. Time will tell.
It’s a fine line advocating at the same time impressing upon others the importance of dyor, dca, hodl, don’t overextend, think years not weeks/months. For every success story lurks a potential tragedy, and that’s an albatross no one wants hanging around their neck.
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https://libra.org/en-US/white-paper/Take a wild guess: Number of times "Bitcoin" is referenced in the Libra whitepaper? Zero Number of times "blockchain" is mentioned? 65 That's some real chutzpah there, folks. Mentioning blockchain 65 times without a single mention of Bitcoin. As if they're trying to rewrite or at the very least obfuscate blockchain's origins. Brace yourselves for some grade A gaslighting. Make no mistake, their aim is not to complement Bitcoin, but replace it. Now is the time to create a new kind of digital currency built on the foundation of blockchain technology. Ha!
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Good to have you back mfort
Missed you on the thread...... !!!!!
Thanks, Mic. Funny thing happened. I semi-retired and instead of more time on my hands, I'm spread thinner than ever. Not a bad problem to have when you're enjoying what you're doing. |
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Been a while since I've updated this. Bitcoin has established 11 doubling floors since 2012 at a starting price of $2.50. This time period probably captures most of the crowd still hanging around WO. Anyone here still hodling pre-$2.50 corn?
yup mined in 2011. still have some of those. when i started they were ~$10, went to ~$35 (woot!) then crashed to around $2 towards the end 0f 2011. but i still kept mining even at those prices. paid off big time later of course. but i didnt discover WO till way later. A true veteran. Takes some real cajones to hodl through all the ups and downs since then! Sounds like you're just enjoying the ride now. |
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