[...]
Let’s go $40,000!
DONE!Wen $41k?  In approximately one hour Wen $42k? |
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How many more charts until we break $40K? Looking like it may only be one or two more… The market is knocking on the door of $40K and there’s only a matter of time before resistance breaks and we’re dancing on a 4. If this entire next 18 months is this much fun, I don’t know what I’ll do with myself. Let’s go $40,000! Wen $41k? |
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Straight out of 4chan.
1 CyberTruck, 1 dumpster.
Watch at your own risk.
Billy Joel said,
"Well, only the good die young."
Munger? Kissinger?
First, it was the trees,
Now it's fucking swimming pools!
Don't they know nuttin'?
Aurora-filled skies!
Has the universe gone woke?
What does it all mean?
4x per cycle.
A sweet and deserved reward,
For patient coiners.
Another sweet pump.
ETF date closing in.
Do you understand?
b3d8j8ATi3qNgL7Y5VQ5DqJbYtUAsv3sPA1wSzrBQdTvtUcZo9qXET3FCoqaC4u7Sj4RrbPADj82mYN RSDVxznhx9e
#7wodigestsundayhaikus
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Looks like $36k is this cycle's Vegeta price.
$36000 / 4 = $9000
Coincidence? Probably.
Hopefully, he's already dead. Again.
in that case next cycle ATH might be at 4x 69k = 276k... I'd say that's acceptable.. Definitely. I'd be more than happy with a 4x gain every Halving. Some (most?) of us here would call that extremely conservative, borderline bear-talk. Saylor would suggest a doubling / year, which is 16x / Halving. In an ideal world, maybe. In the real world (China, pandemic, Ukraine, Israel, FTX, SEC, AI destroying the world, etc.), 4x / Halving (i.e., sqrt(2) = 1.4x / year) seems quite reasonable (to me at least), and more than any other investment can provide.I surely am questioning if 4x every 4 years is really sustainable into the future. which seems that it would be a doubling every two years. Surely we are seeing a lessening of the rate of increase, and spot price does not seem to be the place to be making those kinds of measures.. and look at the actual numbers that put into my entry-level fuck you chart that show the changes in 6-month increments. I did not have that actual data in there before, and I just updated it on November 23rd. I am not even saying that the pattern of two years up two years down has to be exactly repeatable into the future, but we should be trying to be somewhat reasonable in terms of not expecting a different pattern unless it actually starts to show on the chart and yeah there could be some blow-out upside results, but they are not even closed to guaranteed to happen even if they might have some decently good odds in favor of some short term grand-face-ripping breaks to the upside. Part of the reason that I made my whole fuck you status chart even more conservative on November 23rd, and I could not even wait until the end of the month when the actual number for the 6 month period is realized (which is probably going to be around $29,051) is because my earlier chart (that I had already made more conservative with more of downwardly sloping upside curve rather than more of a straight-line upward curve is because it seems like both of my last two 6-month period had overshot by around 10% each time... that is a lot of overshooting for 6 months... so I personally would rather undershoot than overshoot...so in that regard, my adjustments are seeming to be more likely to be having to make the numbers higher every 6 month period rather than lower. Think about each of the three last 6 month periods, they were each ONLY a bit over 10% if we were to average them out... and maybe they were aberrations in regards to the crazy-ass shit that was contributing to BTC under performance in the last year and a half including the BTC price being extendedly below the 200-week moving average for quite a bit of the last 18 months... so in that regard, sure, I am more than willing to accept that overshooting in the opposite direction may well be likely, but still I don't think straight-line or graduating curve is going to capture the reality as well as the way I did my chart, even if I likely ended up lowballing my numbers a bit more than necessary based on my own desires not to be considered as someone who gets things wrong to the upside.. and I think that my numbers are still pretty bullish.. and especially if we end up having several overshoots, then we just end up adjusting as we go and maybe we adjust future numbers or maybe we just keep my numbers as conservative, even if there might be some short term bullishness in the numbers. Actually 50% per year for the next one or two cycles seems more than reasonable even though they are higher than my current numbers. Now that I am talking through some of this, I am feeling that I overdid my SOMA chart too much.. but still I think it is better to stick with it and maybe updated it if the next 1 to 2 six month periods start to show way higher than 15% to 16% numbers then I might update all of the numbers accordingly.. but I don't even feel like I am being wishy-washy about it because it seems to me just a matter of how much is the appreciation, and have always been more conservative in my personal expectations about BTC prices, so frequently even when we are doing shitty as fuck, I am thinking that we are doing way better than I expected, even though 2015 was a bit of a bummer and also having so much time below the 200-week moving average in the last 18 months was a bit of a bummer too. but still our past performance of even having the 200-week moving average to have been as high as it was - which still was probably getting pushed up from the 2017 performance and the lack of a drop in 2018 and the bullish bear year that we had in 2019.. and all of those factors surly pushed up the 200-week moving average by the time we got to 2021 less spectacular bull and 2022's ongoing revelations of scandals that have even been dragging into 2023. but none of us are complaining about 2023. I'm conservative by nature, I tend to underestimate, and my post was just some very crude guesstimate on price progress, based on my personal experience (and the Vegeta part was Crystal Ball TM material, and a fun justification for my $9k vs. $36k price point relation -- then & now). I don't disagree with anything you're saying above, which is an even more conservative viewpoint than mine. It makes sense to expect a slow-down in terms of Bitcoin price appreciation. I guess, this is partly the reason why PlanB's popular stock-to-flow model became quite problematic recently, to the point of being deemed a failure. The Bitcoin code may be open and exact and relatively easy to understand, analyze and model (4-year cycles, coin production halving / cycle, etc., etc.), but when it is coupled with the social/human element, it becomes a stochastic, even chaotic system, which can diverge in both the micro- and the macro-scale. Luckily (or, by good design), the underlying robustness of the code has shown time and time again that it is the dominant factor in Bitcoin's long-term performance, and this fact is one of the reasons why I'm very confident that we'll be seeing good things happening in the near future and beyond. Qualitatively speaking, I expect to see further price appreciation, worldwide adoption, ETFs, regulation (hopefully in a healthy way). Quantitatively speaking, things aren't so easy to handle, unless you happen to be Merlin the Magician or Uri Geller. 2x, 1.4x, 1.1x / year are all fun to suggest and expect, and PlanB's S2F graph sure looked like a stairway to heaven, except that the steps ended up being somewhat shorter than expected, and log scale is brutal and can bite you really hard... For someone who bought his/her coins at an average price of under $2,000 / coin, it would be super-greedy to even complain about Bitcoin's performance, as his/her profits would currently approach 20x in a time span of, let's say, 8 years. That's an average price appreciation of about 1.45x / year, which explains where my suggestion, in my post above, of 1.4x / year comes from. All this assumes a willingness to wait for at least one full cycle (two cycles in my numerical example), while accumulating (via lump sums or DCA, depending on fiat availability and/or preference). Again, this is not an exact science, but it is still science, and certainly much more science than stonks or other more traditional investments that allow for human/government intervention, manipulation, inside knowledge, etc. My golden rule: "buy when you can, sell when you must." Has served me well, and has given me the needed time and patience to reach that 1.4x / per year. Will it slow down? Will it speed up? I can't say. What I know is that no one has ever lost by investing in Bitcoin, given sufficient maturity (at least one cycle). And that's that. |
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You just know the price is pumping when your phone's ticker widget refreshes faster than 10 seconds.  |
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That’s wisest!  Speaking of AI and wise men, here's how Stable Diffusion AI thinks the ancient Greek philosopher Heraclitus of Ephesus looked like in 500 BC:  [ Source] |
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Looks like $36k is this cycle's Vegeta price.
$36000 / 4 = $9000
Coincidence? Probably.
Hopefully, he's already dead. Again.
...
in that case next cycle ATH might be at 4x 69k = 276k... I'd say that's acceptable.. Definitely. I'd be more than happy with a 4x gain every Halving. Some (most?) of us here would call that extremely conservative, borderline bear-talk. Saylor would suggest a doubling / year, which is 16x / Halving. In an ideal world, maybe. In the real world (China, pandemic, Ukraine, Israel, FTX, SEC, AI destroying the world, etc.), 4x / Halving (i.e., sqrt(2) = 1.4x / year) seems quite reasonable (to me at least), and more than any other investment can provide. |
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Looks like $36k is this cycle's Vegeta price.
$36000 / 4 = $9000
Coincidence? Probably.
Hopefully, he's already dead. Again.
His next resurrection is expected at $144k.
#applesandoranges
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Wow! Impressed! The girl in red even appears to be aware of the situation and enjoying it (her mouth increasingly smiling). Also the movement of their body/hands and even the people in the background, appear very natural. This looks much more than merely morphing the image by a simple shift+interpolate. AI has come a long way, it's getting mildly scary... BTW, a friend was telling me the other day, that the banking system will soon be using AI to detect "unusual" money traffic and screen/block transactions at will. Something that is now done by humans on very few select cases will soon be done by AI in real-time on the entirety of the accounts. Bitcoin fixes this, but TPTB have immense power, that is not to be underestimated. And, remember, the entire blockchain is public and available. Feed it to an AI and it could link addresses to wallets, to old transactions, to actual names of real people. No Bitcoin mixer will be able to stop it, at least as things currently stand. Reminds me of Jimmy Zhong's story and how the FBI/IRS caught him, same with Ross Ulbricht and others. An AI would be able to find them in a fraction of the time humans could. And even draft the indictment documents, complete with all needed evidence, while at it. I'm more worried than excited if I'm honest, because it is 100% certain that AI will be used by the establishment as a tool to exert influence, authority, pressure and control over people. And, considering the huge amount of resources needed to implement such an AI, it won't be a poor man's sport. Human lawyers won't stand a chance against an AI prosecutor. Maybe another Nakamoto will soon be sorely needed... Memes aside, I had similar thoughts just a few minutes back. I was watching some stories about the OpenAI saga that happened last week, and people are speculating that the reason behind this drama could be an AGI (Artificial General Intelligence) Project Q* (Q Star). Speculatively, OpenAI has created something really big that could directly harm or challenge humanity, and Sam Altman might have been moving fast. He hinted about "some significant breakthrough" during OpenAI's first developer conference, and even Elon Musk replied to Ilya Sutskever to explain if there's something potentially dangerous to humanity.  https://twitter.com/elonmusk/status/1726753202786173249Yes, it's not just scary; it will come back to haunt the creators (us), and no one will be safe. I don't want to be dramatic, but if AI takes over, we will lose trust in humanity. It will be impossible to differentiate if it's AI commanding you or some humans. And this banking AI theory to deduct frauds is less scary when you consider that many governments are using AI technologies to predict and prevent crimes. This means you could be arrested because it's predicted that you might commit a crime in the future.Minority Report -- just swap Precog with AI! |
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AI news - static memes are now moving!  Is this really AI-generated? Serious question. yes, stable diffusion can do this now. You can see that there is something fishy going on on the shirt of the guy. Wow! Impressed! The girl in red even appears to be aware of the situation and enjoying it (her mouth increasingly smiling). Also the movement of their body/hands and even the people in the background, appear very natural. This looks much more than merely morphing the image by a simple shift+interpolate. AI has come a long way, it's getting mildly scary... BTW, a friend was telling me the other day, that the banking system will soon be using AI to detect "unusual" money traffic and screen/block transactions at will. Something that is now done by humans on very few select cases will soon be done by AI in real-time on the entirety of the accounts. Bitcoin fixes this, but TPTB have immense power, that is not to be underestimated. And, remember, the entire blockchain is public and available. Feed it to an AI and it could link addresses to wallets, to old transactions, and even to actual names of real people. Reminds me of Jimmy Zhong's story and how the FBI/IRS caught him, same with Ross Ulbricht and others. An AI would be able to find them in a fraction of the time humans could. And the AI could even draft the indictment documents, complete with all needed evidence, while at it. Using a coin mixer could help, but there is no guarantee that this provides 100% privacy, and it certainly did not help Zhong hide his Silk Road coins. I'm more worried than excited if I'm honest, because it is 100% certain that AI will be used by the establishment as a tool to exert influence, authority, pressure and control over people. And, considering the huge amount of resources needed to implement such an AI, it won't be a poor man's sport. Human lawyers won't stand a chance against an AI prosecutor. Maybe another Nakamoto will soon be sorely needed... Edit: Rephrased text about mixers. |
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AI news - static memes are now moving! Is this really AI-generated? Serious question. |
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Kraken getting sued.
CZ steps down, pleads guilty.
Funds safu, I hope...
Sam Altman got fired.
No, that's not Sam Bankman-Fried!
That's the AI guy.
"Price is what you pay,
And value is what you get."
Nice one, wise old man!
80 coins for fees?
13 block rewards combined!
Miner Phil's wet dream...
Another price pump,
Taking us to AYH,
On the 24th.
Lagarde's loser son,
Should have listened to his mom.
Corn ain't for sissies.
The land down under.
The place to escape winter.
Girls are pretty, too.
#7wodigestsundayhaikus
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Go go go .....over the top lads
$40K go go go
Go Go Go 38k breached! Yup. Went deep this time!  Edit: $39k soon!?! |
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I wasted 7 minutes listening to this dufos and all I heard was drama. What is the root issue with safety that I read was the reason for the firing. It seems to me that should be the focus of the discussion not the fucking drama. It looks like its being suppressed. Well, that was the best I could find, given how fast the situation has escalated... It's not that bad, you should have watched 'til the end IMHO. It appears that two opposing camps were formed inside OpenAI: the research/tech camp, led by Ilya Sutskever, which focused on the tech development and safety issues, and the business/corporate camp, led by the then CEO Sam Altman, which wanted to commercialize/monetize their AI products very fast, apparently without adequately dealing with the safety issues. I get the feeling that there were some ego-driven moves from the research/tech camp, specifically from Sutskever, that led to the firing of Sam Altman. It all escalated in a big mess, with Sutskever eventually regretting having caused the firing of Altman and practically begging him to come back, now threatening to quit from OpenAI himself if Altman doesn't come back... The big winner in all of this appears to be Microsoft, which have now taken Altman, together with all the lead AI researchers and most employees of OpenAI, and possibly even Ilya Sutskever himself, on their team, and will give them practically infinite resources to continue their work on AI development. I'm not a big fan of Microsoft, and don't like the idea of them dominating (and heavily commercializing/monetizing) the AI sector. I hope Altman and the rest of the team return to OpenAI, sort out their differences, wipe out the toxic board members and move forward. As for the specifics on AI safety, no details are given, just the "AI becomes self-aware, wipes out all humans" possibility is mentioned. It's more or less drama at this stage. Edit: Fixed typos. |
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[...]
We're all sick of sub $40k.
GO!!!
+1 I'm sick of sub-$40k too. We'd better exceed that by the end of the year, and break ATH sometime next year, ideally Q1/Q2. The upcoming ETF will help get things going (not that I'm a great fan of the SEC). Quoting one of my Sunday haikus: Acronyms galore!
ETF, then ATH.
Vice versa fine too.Vice versa's even better actually, provided it happens in Q1 next year (or as early as possible anyway). 2024 should be a fun year for coiners. 2025 even better. |
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Chickens cooked on poles?
Is that some kinky sex game?
Are the poles rusty?
Selling Bitcoin soon?
It's still too early for me.
Saylor thinks so, too.
Forum flippening!
Philip overtakes Theymos!
Hash rate spikes up, too!
What causes "weak hands"?
Some kind of neuron damage?
Mind rusting away?
Fees have increased, yo!
Happy times for corn miners.
You, greedy weasels!
Acronyms galore!
ETF, then ATH.
Vice versa fine too.
The Bitcoin rocket,
Is already on its way...
Watch and learn, Elon!
#7wodigestsundayhaikus
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The 'down before up'
Our eyes looking at the sky
Do we dip before?
#haiku
Dips are important. A test of strength and resolve. Do we dip after? #haikuply |
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ChAIrtBuddy.
Nice avatar!
Price not so nice though. Nice = $40k+...
Yes, we're greedy and we like it.
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