$60k has been hit. Who else is eyeing $69,420 as their next target?
I will probably set up a small limit sell at that price so that I can look back fondly at this milestone in my order book when we reach the moon.
that number (and some variants) has been in my sell list for a looooooong time heh OK, OK... I SUPPOSE I could be ok with 420,069. |
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$60k has been hit. Who else is eyeing $69,420 as their next target?
I will probably set up a small limit sell at that price so that I can look back fondly at this milestone in my order book when we reach the moon.
600k is my next target. |
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I am quite happy to be wrong about the price going down over the next few years.
I have no buying or selling to do for several years anyway so I am just watching with joy the higher it goes.
Looking forward to $100k for easier conversions of sats.
Fuck you! Wait... umm.. I mean... yeah! Me too!  |
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"The value of Bitcoin fell" Then came back within like 10 minutes. Congratulations CFTC, you made a blip. The crash is continuing. 2021 is not going to be a good year for bitcoin. Can I get a "confirm"? Confirmed. We are on the cusp of a powerful inverse SUPER bearish spike. |
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I think it's so cute how y'all spell "check". Yet you make fun of the French? |
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This screams top so loudly that it scares me a little. *WE* all know this is NOT BITCOIN. That it might even be the ANTICORN. But *THEY don't.  |
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Normally I would mention here that the price action of bitcoin is interesting in light of the fairly light volume.
But I think we are seeing something different this time (tm).
We have used the large retail exchanges as price oracles for the entire lifespan of Bitcoin, and still do. But is this where the actual volume is happening now?
I would say not.
That divergence is very interesting to think about. I have speculated in the past about scenarios based on this new paradigm, for example: If I were a big money player I would be buying BTC over the counter, and dumping a little bit of it on the low volume exchanges to depress the retail price as I buy. But who knows what is actually happening?
I wonder if the high price is causing unit bias to suppress Joe Sixpack from buying?
I can;t quite figure out what is happening exactly, but it is exciting me... that much I know.
I understand you, cAPSLOCK, to be saying that it seems different this time, and then you list some amorphous things that may or may not be happening to cause you to conclude that something may well be happening this particular time that is different.. but you just cannot put your finger on it... ... which in essence seems to lend a decent amount of credibility to claims that this time is almost fucking the exact same (it just happens to be different), but we are so much on schedule and within the dominant BTC price prediction models (in my thinkenings) that the whole situation is almost like the wettest of wet dreams that anyone could actually be living through such a fantasy that is not actually a fantasy but "is happening" right in front of our very eyes, and "on schedule" at that. Who would-a thunk? Truly, way too good to be true, so something must be up.I am not sure what I am meaning to say is I expect the price action to be different, or not. I don't know that I understand how to calculate that considering we are 1 or 2 orders of magnitude away price wise from the past cycles. What is interesting to me is that the way things are proceeding has some major fundamental differences, and I can be specific. 1. Institutional, and other big money is starting to bite... kinda hard. 2. Most of the accumulation is happening away from retail exchanges. 3. Institutional investors are by and large currently ONLY interested in BTC. 4. The above investors seem to actually UNDERSTAND bitcoin. This is also new. They understand the decentralization part, the scaling issues etc. 5. Retail exchange volume is still barely warm, in my opinion. Because of the above the idea of a "super cycle" has more weight than I would have imagined was possible. Though I still think it is likely a minority scenario, it has a REAL chance. In some ways the super-cycle, if it were to happen (and to define it: it is big money (and small) frontrunning the rest of this cycle and lighting a rocket we have not yet seen) will in retrospect appear inevitable. That is the "this time it might be different" I am talking about. There are lots of models... Rainbows, S2F, that other S2F with real estate in it, etc... What I am wondering is if maybe that latter S2F model ends up being more correct, or this time we break them all? Will it? I dunno. |
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hi ! i am new to monero, but i have some experience with bitcoin core and bitcoin cash.  i have found a list of app wallets on the official website ( getmonero.org/downloads/ ), ok good ! i plan to generate an address / viewkey / spendkey, with moneroaddress.org. then i plan to store the address / viewkey / spendkey in a txt file, compressed in a password protected 7z archive (AES-256) then i plan to use the mymonero app wallet (android) to manage the address (to receive / send xmr) ( i do a similar approach for my btc addresses / coins, and for my bch addresses / coins, and no problem until now (fingers crossed  ) ) a few questions, please : Q1) is the generator on moneroaddress.org trustworthy / reliable ? answer : apparently yes because recommended on the official website... Q2) is the mymonero app wallet (android) trustworthy / reliable ? answer : apparently yes because recommended on the official website... Q3) who funds the developments of the monero protocol ? are the developpers / contributors only working for the "cause" ? answer : apparently by donations and crowfunding... any others advices you may have for a beginner ? thanks ! You will not like my reply.  I am going to assume you are planning to store what you consider to an un-lose-able sum. Personally I think using moneroaddress.org is risky unless you know exactly what you are doing, and then the Dunning-Kruger effect is your enemy. You should ABSOLUTELY NOT use it on a computer that is connected to a network, or ever will be again. If you can use some disposable OS or tails etc on a laptop that wont ever... muh seriously. It's really really just a bad idea. I assume you will be entering in seed words on a internet connected computer... all it takes then is a keylogger etc. I guess if you are going to create a watch only wallet that is basically cold storage... Then it's better. Yes MyMonero is (probably?) trustworthy. But you are choosing the lest secure of all Monero wallets. It's a web wallet. I would either use the official wallet, or Feather. And you might as well generate your keys in those if you planned to just type them in in the first place. Using a hardware wallet is really the best bet. Period. Seed created on unconnected device. Stored on paper (or metal etc). You get to use a Bip39 passphrase... It's worth the 60-100$ IMHO. Maybe someone can give you a less paranoid answer... Why says I am right? Don't trust. Good luck!!! |
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So lose/lose. He keeps doing that. Lose/lose! If daddy is right, he gets to watch his son go down in flames. - LOSE If daddy is wrong then the son will be super rich, but dads gold will likely go down. - LOSE And if I were the son and my fortune eclipsed my old man after he said that?? He sure as hell should never expect any help from ME. Just noticed this screenshot leaves out the part that goes:  |
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Normally I would mention here that the price action of bitcoin is interesting in light of the fairly light volume.
But I think we are seeing something different this time (tm).
We have used the large retail exchanges as price oracles for the entire lifespan of Bitcoin, and still do. But is this where the actual volume is happening now?
I would say not.
That divergence is very interesting to think about. I have speculated in the past about scenarios based on this new paradigm, for example: If I were a big money player I would be buying BTC over the counter, and dumping a little bit of it on the low volume exchanges to depress the retail price as I buy. But who knows what is actually happening?
I wonder if the high price is causing unit bias to suppress Joe Sixpack from buying?
I can;t quite figure out what is happening exactly, but it is exciting me... that much I know.
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If you cross reference all of this criteria, you'll find that it narrows it down to about a half dozen states at most.
This is fun stuff. I would personally place a high value on a functioning government: The recent experience in Texas pointed out that you can have a wonderfully independent rancho apocalypse that insulates you from government stupidity however it puts you on a high value target list for your freezing and starving neighbors. I prefer to live in an area where I don't have to evaluate my neighbors based on their caloric content. Mostly because that's a lot of un-needed stress. I'm pretty sure the Texans didn't kill and eat each other during the blackout. You are correct. In fact most of us (who I know) helped each other with water, heat etc. Texans are pissed about what happened, and it exposed issues in our infrastructure, systems, and government. But we will fix it. I am not a native Texan, but I have lived here long enough to appreciate who they (we) are. |
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1. States that favor private property rights and other freedoms (usually conservative)
2. States that have low or no income taxes
3. States that have low property taxes (this is huge!!)
4. States with moderate climates and a longer growing season
5. States that don't have to deal much, if at all, with natural disasters (i.e., tornadoes, tropical storms, hurricanes, earthquakes, mudslides, etc.)
6. States with low electricity costs
7. States that have lots of available, lost cost land within 10-20 miles of a major city
8. City near where you will live has a decent airport with international flights
If you cross reference all of this criteria, you'll find that it narrows it down to about a half dozen states at most.
Really you narrowed it down to Texas. Except for #3 which is balanced by #2. Tennessee was my thought: Texas gets way too many natural disasters which lead to starving mobs. No fun. And I think they have pretty high electricity costs with no ability for solar producers to get the higher prices utilities charge in an emergency. That cap is *nasty* IMO. But you could build something way out in the sticks, build your own power utility isolated from the Texas grid and provide power to other people. Hm..... Texas has absurdly high property tax rates, and high sales tax rates. Exactly, but our (TX) housing cost is often lower, even in urban areas. However, it also sucks not to have as large % housing appreciation as left and right coasts. Our neighborhood prices are at or slightly below those in 2014. From 2014 to 2016 oil dropped from 112 to 37 within less than 2 years, Houston RE did not "like" that (or maybe it was storm effects). Maybe we will "pop" this year or the next one, by the looks of it. BTW, Hawaii has high house prices, but VERY low property taxes, probably one of the lowest in US. Yes, TX property tax is around 2% of the property value yearly, which is very high, but not the highest. I'm actually still considering relocation to Texas. I took a little vacation to South Padre Island before the big catastrophe. I toured the Rio Grande Valley, and found it to actually be much nicer than I expected. The housing is very cheap down there, and the climate is on par with central, coastal FL. I have lived here for 30 years. This years disaster was an anomaly. The property taxes DO suck. But they and the sales tax are what you get with no state tax. Texas is the size of a country. Has the economy of a country. And generally aligns with my own political values. Overall I am happy here. But there are way cooler places to live than where I do... And some of those places have much more reasonable property taxes as well... Getting a little out of the metro areas will do much to mitigate that. |
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Really you narrowed it down to Texas. Except for #3 which is balanced by #2.
You can't carry openly in Texas without a permit. Licenses granted on a "shall-issue" basis. Which is better than nothing, but it's still not unrestricted. You are right you cannot open carry in public in Texas (yet). But you can carry concealed, and you can carry openly on private property. Texas' gun laws are fairly permissive. |
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Sounds good...will be taken under consideration when building a custom "dream house".
The only question right now is: where?
Current thinking is to go bi-coastal (a combo of FL/WA-OR-CO; Caribbean/WA-OR or even FL/Canada (Vancouver?)...less likely is one house in US, one in Europe (London or something sunny, like Portugal).
Portugal has something good going with a golden visa, but learning Portuguese might be difficult (or not).
This is something that many of us WOers will seriously need to consider. And by the looks of it, this will need to happen sooner than some may have imagined. Bob is building a ranch, Jimbo is buying a lake (man, that sounds so cool), Elwar is into seasteading (not without its troubles, but still, he's pursuing his dream). I'm also thinking of different possibilities. It's not easy to be rich. Sometimes not having a choice is much easier than having many choices and not being able to decide (although I'd take the second option anytime). If you live in the U.S., here's my advice to narrow things down (which I did): 1. States that favor private property rights and other freedoms (usually conservative) 2. States that have low or no income taxes 3. States that have low property taxes (this is huge!!) 4. States with moderate climates and a longer growing season 5. States that don't have to deal much, if at all, with natural disasters (i.e., tornadoes, tropical storms, hurricanes, earthquakes, mudslides, etc.) 6. States with low electricity costs 7. States that have lots of available, lost cost land within 10-20 miles of a major city 8. City near where you will live has a decent airport with international flights If you cross reference all of this criteria, you'll find that it narrows it down to about a half dozen states at most. Really you narrowed it down to Texas. Except for #3 which is balanced by #2. |
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Conclusion:
- Satoshi Nakamoto is indeed the inventor of the concept "blockchain".
- Originally it was "block chain" later became one word as a noun we know today "blockchain".
- Satoshi Nakamoto invented the concept "block chain" in 31 October 2008
- Birth of the word "blockchain" happened on this forum bitcointalk around 2010
Hmm. I think Chaum, Stornetta, Beyer and Haber would take issue with this. Rightly so. It would be accurate that Satoshi was the first to make a meaningful implementation of a blockchain, by combining that concept with several others he also did not invent. |
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I had a fun thought. Wanted to share.
As people begin to understand what makes an NFT something interesting and fun and perhaps briefly profitable, and ultimately almost always nearly worthless...
...eventually they will begin to see why a TFT (TRULY Fungible Token) is actually worth quite a lot.
Selah.
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Wheelbarrow manufacturers in Caracas jumping from tall buildings today... |
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Good Morning Bitcoinland. Sideways 'r' us... currently $47580USD/$60209CAD (Bitcoinaverage). Ho hum. More coffee or back to bed? Thats not a FIAT, it's an ABARTH. (at least the logo)
Ugh. Right you are. Search lied to me and I picked it cause it was the most photogenic.  since abarth was bought by fiat in 1971, you were not really wrong. dirty fiat is dirty fiat. I see what you did there.  "Dirty Fiat" was the reason I merited Richy in the first place.   Fiat 500. You add the adjective. I had a $500 bill once back when they were still in active circulation. I felt like Scrooge McDuck. |
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Those two forks were arguably nearly scams. They were created (probably by large miners) during one of the scheduled hard forks Monero used to utilize primarily to break ASIC mining. This was actually PRE RandomX. The forks were created as a way for the miners to continue using their ASICS on the Monero chain, and I assume the creators hoped they would be the forks that got consensus.
The scenario was very similar to BCH/BSV and some of us even considered them a bit of an attack on the network.
They lost.
Badly.
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