next move up is setting up to be quite explosive again.
the bull flag upward pennant beneath 50k looks strong and if it's right about the exchanges getting cleaned out of corn .... well the only resolution to lack of corn is higher prices
Some interpret this as rising wedge (bearish). I don't agree, however. It also doesn't fit the sentiment at all. |
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... Those who try to scare us with going to 0 talk either don't understand how exchanges work, or are hoping to make others sell, so they buy cheaper. I am not scared of any low price and that I will be at a loss temporarily (happened many times already). On the contrary, I am happy with the fact that I can buy more Bitcoins with my monthly income. The question is not how low we may go, but how high we will go! For the ignorants just two numbers - 200 price at the end of 2014 (does it matter now?!?) and stable 6K at the end of 2017 (excluding the peak 10-20K). So we are on this schedule: 4k at the end of 2018 and stable 30-40K at the end of 2021 (with possible peak above 100K). But let's say we have more crooks like Wu, Ver and Wright to hammer the price, and SEC is still refusing to allow ETF. Then what about in 7-8 years. With almost all 21mil Bitcoins mined, and several millions lost each year, and millions of new buyers... The explosion can't be delayed much longer for sure. So, no need of FUD or nervous trading, just hodl and you won't be dissapointed by the result!
While reading, i recognized Then what about in 7-8 years. With almost all 21mil Bitcoins mined
In reality, last BTC mined should be around 2140 by current prognosis, so 7-8 years won't work. Difficulty problems?  Also, several millions of bitcoin lost each year... How?  We'll be "almost" way before 2140. Someone even predicted before 2078 due to constantly being faster than 10 minutes mined per block (halvings are about 3 years 10 months instead of a full 4 years). However, even assuming 10 minute blocks, we'd have "almost" all bitcoins mined by about 2040, with 20.95m BTC or more than 99% already. Thanks for the info. My sources may be a bit outdated, it seems... EDIT: As for the poll, i "already have taken profits". Yesterday, to be precise. Just a little, for funding the extension of my house. There will be subsequent takings in the near future, and as it seems about half of what i bought before winter will remain in the hodlstack. |
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... Those who try to scare us with going to 0 talk either don't understand how exchanges work, or are hoping to make others sell, so they buy cheaper. I am not scared of any low price and that I will be at a loss temporarily (happened many times already). On the contrary, I am happy with the fact that I can buy more Bitcoins with my monthly income. The question is not how low we may go, but how high we will go! For the ignorants just two numbers - 200 price at the end of 2014 (does it matter now?!?) and stable 6K at the end of 2017 (excluding the peak 10-20K). So we are on this schedule: 4k at the end of 2018 and stable 30-40K at the end of 2021 (with possible peak above 100K). But let's say we have more crooks like Wu, Ver and Wright to hammer the price, and SEC is still refusing to allow ETF. Then what about in 7-8 years. With almost all 21mil Bitcoins mined, and several millions lost each year, and millions of new buyers... The explosion can't be delayed much longer for sure. So, no need of FUD or nervous trading, just hodl and you won't be dissapointed by the result!
While reading, i recognized Then what about in 7-8 years. With almost all 21mil Bitcoins mined
In reality, last BTC mined should be around 2140 by current prognosis, so 7-8 years won't work. Difficulty problems? Also, several millions of bitcoin lost each year... How? |
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... Random rant and insults...
j So fuck off and don't read my post. Whine about non-existent BTC dumps (or shill altcoins) and get the JJG Slap. This is the WO way  Yeah... I know after 12h it's easy to say, there was nothing... After rebounce and the info that there was a long squeeze it's easy to rant and insult like a 10 year aggro kid. Clap clap clap... How awesome. Maybe he can also tell me the lottery numbers from last week. I think you are making a mistake, i used to make this one in the past, too. In 2017, daily price rises in the range of $1-$2k marked the approaching top, $1k-$2k daily falls marked the beginning of the bear cylcle. These are absolute numbers. Pumps/dumps of the same relative orders should be more than twice as big than what we were experiencing the last few days/weeks. High volatility means bigger jumps at higher prices. You should watch daily candles to distance your lil selfie (c) from bad emotions and cool down a little. This is not full throttle mode, yet.
We're just cruising.
CHILL  global warming is getting out of control ... https://www.zerohedge.com/commodities/grid-chaos-2-million-texans-without-power-rolling-blackout-beginHere are the key takeaways from Texas rolling blackouts:
Southwest Power Pool Says 17 States Limiting Energy Usage
3.368 million Texans Without Power
Texas Gov. Greg Abbott Calls Up Texas Army National Guard
Oncor Electric Delivery Continues To Warn About Extended "Controlled Outages"
Texas Gov. Greg Abbott States Power Grid Not Compromised
Power Crisis Hits Texas And 13 Other States
Southwest Power Pool Declares Energy Emergency Alert Level 3
Houston Mayor Sylvester Turner Warns Of More Blackouts
Houston Mayor Sylvester Suspends Air Travel In Houston
ERCOT Wholesale Electricity Prices Plunged From Cap Of $9k per megawatt-hour to around $2.5k
Oncor Electric Delivery Extends Rolling Blackouts
2.7 Million Texans Without Power
ERCOT Wholesale Electricity Prices Exceed $9k per megawatt-hour ... power grid freezing up right into jaws of extreme sub-freezing cold blast, enjoy your wind turbines and solar panels you stupid bitches! So possibly, Bawb can't post today, because he is looking for a way not to freeze his ass? I hope he managed to sell his batch of coins, which he planned for today, iirc. Prolly sell some more for investing in self sustaining energy sources on his future farm land would be a good idea? EDIT: merged posts. |
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...but isn't that what our buddy mindrust did? He also said it was for peace of mind.
Why does he sold all his coins at the bottom? I can't get it even now. If you have a work and hobby, you can just "forget" about your coins. If it fail, in factnothing will change for you. Yeah, you will regret this all your life "Oh, i could sold it and bought new Cadillac for myself!". But what will be (in fact what already happened in mindrust case) if this will success? If you've sold at the bottom, you will regret your actions much stronger than in if it would fail. No. The covid bottom scared the shit out of him. He waited until he could cash out with his initial investment and then bailed. I think it was around 10k when he pulled out. he bought at around $1.000 and kicked it at $4.000 and he was proud to "win" 30.000 with his 10 BTC. So, let me calculate... His "win" turns to a loss of $445.000, as of today. Absolute Legend (but not in a positive way). *Edited loss amount |
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Welcome to the big club OTC i will push the price later. see you. |
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I'd really like to see $48k behind us.
What have you got against 48k? Feels like we just got here. I kind of like 48k, it beats the shit out 3.3k or 1k. Well, i actually welcome $48k. ...more than $47k I’m kinda surprised we are still holding this top.. I think it hasn’t peaked yet at 49 or we’d be pulling back by now.. Think this peak might have a nice break above 50 in it before a nice calming pullback to the low/mid 40s.. Over and over and over.. y’all gotta be used to this by now.. Ok, thanks. I needed a post like this. I am impatient because of reasons. Your post just led me to remind them. +1 WOsMerit EDIT: and #hodlsleep |
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I'd really like to see $48k behind us.
What have you got against 48k? Feels like we just got here. I kind of like 48k, it beats the shit out 3.3k or 1k. Well, i actually welcome $48k. ...more than $47k |
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Looks like BTC is likely trying to push up a little, since a few minutes ago. I'd really like to see $48k behind us. Dagnabbit.... where's the bitcoin payment option?
Q3 at earliest, afair from recent readings. |
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Woooow so many newbies on the block ...
Is this good or bad ?
It's good... and bad, as well. Remember, we were noobs too... |
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The Bitcoin vs. environment trope is total bullshit.
A widely adopted, deflationary store of value is the only thing with the potential to overcome humanities tendency to instant gratification and rein in the senseless overcomsumption we see today.
If your money is going to be worth more tomorrow than it is today are you going to blow it on some worthless crap at WalMart or IKEA? No. You are only going to spend it on things with actual value.
Bitcoin incentivizes the deferral of consumption and planning on longer time frames, as such it is the best thing to happen for the ecology in all of human history.
Look who's speaking up And you pretty nailed it, again. I was on the verge to post that the current fiat ecosystem (wtf?!) is causing multitudes of energy usage and heat/co2 production when compared to bitcoin. Putting up a stupid thesis and write it up on the esoweb is also not a study, actually. OK. So. I lied about not taking profit at $50k.
Feeling greedy. Starting to move some coin today in preparation for $50k. That should give us enough liquidity buffer to buy the third and final parcel of land, and start putting up a basic steel/concrete garage on the lot ASAP, as well as covering costs for grading/paving the driveway, and bridge construction.
Was looking over my accounts last night, about which account to draw down on, and decided "Fuck it. I like that money where it is, doing what it's doing. Might as well sell a little bit of corn at these prices."
Sue me.
* OutOfMemory files complaint  |
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Internet access keeps dropping out in the last few hours. That sucks. #hodlsleep EDIT: At least i've seen a new ATH before Now give me $50k already, when i wake up in the morning |
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Did read the comment section of the SPIEGEL. You saw this exactly there. Also the engery consumption and it's a ponzi scheme... Also we have here 2 popular Germany tech sites. Same there... Bitcoin Bla Bla Bla...
I´ve seen this on Twitter but at 100k and Newsletter. I read the comments section about Bitcoin of German newspapers for years. For years people say the exact same crap. And watch how the value goes up and up and up... Germans are really the last people on this planet in terms of waking up. They fucking love their government like no other folks. Its sad and scaring. The absolute sheeps. What did Lenin say once:"Revolution in Germany? That will never work, if these Germans want to storm a train station, they buy a train ticket first!" Btw. I am from Germany. Some of your neighbor countries are worse in this respect, though. Trust me OT: Wolfgang Van Halen, Eddie's son, drops his first solo album. He wrote the songs, sang them, and played instruments on them. The boy can sing pretty well. First single, worth a listen: https://www.youtube.com/watch?v=PXqz_NNwT20Seeking for a gap between Soundgarden and the Foo Fighters. The guitar solo is sooo hollywood, but i didn't find nothing really bad in this track. Would add nicely to any soundtrack of a car racing video game, imho. |
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Trash-80 COCO > Comodore 64.
Absolutely. After my MC-10 I got a Coco, then a Coco2, and then a Coco3. The only advantage the C-64 had was a built-in FDD, but that was half the fun... installing the 512KB memory upgrade, third-party FDD controller, and external drive. By the time I installed Microware OS9/6809, I was rockin' with multi-user, multi-tasking goodness. Installed "Deskmate" a GUI-based desktop suite. The only problem was that I had no mouse so I used a joystick to move the cursor. Shortly after that I decided to take a break from computers and come back when they were more user-friendly. That was with the arrival of Win95. It took a while to get used to using a mouse instead of a joystick. I think you are confusing the C64 with the Amiga500? Neither the C64 (breadbox) nor the C64-II had a FDD built in. I omitted the datasette drive back then, went straight to a 1541 (external) FDD. The Amiga looked much like the C64-II but had a 3,5" FDD built in on the right side. Or did you mean the C128? I can't ffs remember if it had a built in FDD. Does anyone have the list of WO members that need to be woken up at 50K?
So far i remembered..
OutOfMemory
BobLawblaw
wake up?? for 50k?? *shudder* maybe 75k would be worth waking up for, just to hit snnoze bar while glancing at the chart. i have lulz amount set to fire at 50k, just for reasons so ill know when it was. Hmm, thanks for reminding me. However, i'm not sure as i was. Reason: I have a (small) enlargement of the house going on, but it's still in pause mode because of winter. So i put the money me and wifey have saved in BTC in december. The work should go on within the next weeks, i have to cash out at least half of what i put into BTC. If i decide to cash out at $50k, i'd only liquidate half of the original BTC amount, because i'd have the whole money back. As things develop, i'd rather wait as long as i can. Don't sell the corn. In 10 to 20 years, each one will be 6 to 7 digits worth of US fiat.
I don't want to sound gauche, but I have more BTC than I will reasonably be able to spend in this lifetime. Will be passing along a life-changing sum of coins to my nieces and nephews upon my passing. I believe I am on record stating that I don't ever plan on liquidating more than an additional n BTC in this lifetime, to give you some perspective. Sir
EDIT: Read about modem hax0rs movies, wanted to add the movie "23", sporting an original DEC PDP-11 computer. It was a german movie, maybe it was translated/synchronized in english as well, which i don't know. Battery's drained and the power supply i can't find for the heck of it. See you later (maybe at new ATH?) |
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The number of "good news" is quite high today, or is it just me?
currently i'm also high on pure weed, but you know what i mean, right?
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yep... yesterday 6k on coins are flown out of f2pool  And according to this graph, they dumped over more than just two days so far. I am thinking about selling a portion on every ATH to buy back again two days later... Good idea, but u loose the tax freedom of older btc(as German citizen) , if you have any. Sadly the tax department say, u had to use fifo... Most of my stack is older than 12 months. I could pull this off six times with the portion i have on exchanges. The seventh time would be (optional) payout, the main portion is locked in a cold storage. Problem is the tax department makes no difference between cold and hot storage. Your oldest btc is one you sell every time. Thanks, i know. I did just point out that i have only a fraction for selling on demand and everything else is locked (and older than a year), because i aggregate once a year into CS wallet. Same here: If i buy 1 BTC and buy 0.1 BTC one year later, i can sell the 0.1 ten times before it becomes taxable. Actually the CS isn't meant to be sold, ever. The coins on it will be divided and each of my kids gets an equal share in a paper wallet when they turn adult. |
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yep... yesterday 6k on coins are flown out of f2pool And according to this graph, they dumped over more than just two days so far. I am thinking about selling a portion on every ATH to buy back again two days later... Good idea, but u loose the tax freedom of older btc(as German citizen) , if you have any. Sadly the tax department say, u had to use fifo... Most of my stack is older than 12 months. I could pull this off six times with the portion i have on exchanges. The seventh time would be (optional) payout, the main portion is locked in a cold storage. |
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yep... yesterday 6k on coins are flown out of f2pool And according to this graph, they dumped over more than just two days so far. I am thinking about selling a portion on every ATH to buy back again two days later... |
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I realized, that I only will get 4.5 btc for my car (okay, maybe 4 BTC I have to remove 20%, because it's used)... Last week it was 5...  Wow, 4 BTC? What kind of car do you have? My car is worth way under 1 BTC... I "leased" me an Audi SQ8. I own a small company. So leasing makes sense here. (btw. not the RS - because I thought the tax department had a problem with it, had I talked earlier to my tax accountant, then it would be the RS Q8). So I didn'T spend any bitcoin on it. The first car I will spend Bitcoins on it, will be the Urus...   Well, either you drive an Audi or you just drive a car The etron also looks damn sweet, imo. Problem is, i need 6 seats minimum, and the secondary car has to be compact, cheap, troublefree and 4WD. So a nice S3 Sportsback? Noooo!!! Too precious for the wife. More like a Fiat Panda 4x4. She doesn't care about maintenance, cleaning. Any of her cars becomes a rolling trashcan/closet within days. She's half as dirty in bed, so it's OK |
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