Looks fine.  Aside from loving that this is ridonkulously bullish, I also kind of find myself resonating with the fact that they let the covid dip fall beneath the curve as the anomaly it was. |
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You've picked some good times to sell in the past. This worries me slightly. That said, I am not letting go of shit. Might if I was more loaded though.
Just because I have my finger on the metaphorical trigger, doesn't mean I don't have incredible trigger-discipline. I couldn't decide what to do earlier, so I decided my best course of action was to take a nap. Rick lamented "What if it hits $15.5k USD/BTC ?" to which I responded, "I'm sure you'll wake me up to let me know..." Anyway, was thinking about putting in a sell order @ $15.5k USD/BTC, but more inclined to let it ride this momentum. Don't want to sound crass, but I'm loaded enough on BTC that I feel pretty good about letting go of a batch around here. Will make life less stressful for both Rick and myself, ultimately, and that's an important motivation for me, at this stage in our lives. Totally respect and get that. It's part of the reason we are all here. Pretending it's not with Neo memes etc is silly. I suppose there may be some folks you actually never sell until they are using it to live directly... but that way is more for people who come in AFTER us. Of course the masses still think they "missed bitcoin" thus are missing it again... but those entering now buying their "ONE WHOLE COIN" or even their 6.15 (whateverthehell that means) will be the ones who really have to be NEO in that meme. The rest of us will be helping distribute the early corn fairly helping them to make their dreams come true. Part of what makes the distribution fair is we lock in our speculative gains "too early" and live comfortable lives with the remainder in play. My comfortable divest zone just lags yours a little. |
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How many times have we seen Monero sort of decoupled from the alts? It ran up on it's own a couple weeks back, and now is not joining in on the alt rebound.
Seems like this happens more often to Monero than others... then again it's a non-scientific subjective observation.
I am assuming there is a lot of sell pressure into which the alt rally is pushing?
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I sold a bit at 14050
Nice. I'm finally locked and loaded myself; first time since early retirement. Sorta kinda feels good. You've picked some good times to sell in the past. This worries me slightly. That said, I am not letting go of shit. Might if I was more loaded though. |
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I feel like anything below .01 you’re getting free Monero at that point. Chart guys... where are my chart guys??   Well I have been following XMR in USD recently. And it massively overshot the area where I thought it would trade which is north of $115. Now it has deflated back down to the bottom of that range (and admittedly breached it somewhat). But I expect it to at least hold here in this 1-teens range for a while.  This is not meant as a predictive chart, that line is really there to show how much we went parabolic there for a while. Still, I am not sure what drives Monero... big players "washing" their BTC? Dark Markets? Quiet whales hedging a little? Inflation bugs? |
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I suppose it is possible that someone is just moving the coins to a native segwit address? The coins are now on a BECH32 address... |
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a long time ago, when Nixon stepped down, my father (military) turned and told me "you are witnessing democracy at work, and a peaceful transition of power. no bullets, no army" or something along those lines. at the time i was like "ok, cool."
guess i took for granted how immutable that seemed.
i liked that trump did not start a war and that he wasn't shy to point out stuff that is true. but to destroy the democratic system that brought him to power by declaring he will not accept if he loses is the worst thing a politician can do. an elected leader who puts the axe on the roots of the democracy that allowed him to become president is acting criminal imho. the last 4 years showed me that a U.S. president has too much executive power. a few more rouge leaders like him and the U.S. is either a kingdom or a dicatorship. i dislike biden for being this tough law-and-order drug warrior for literally decades. I wonder how much hardship his policies created amongst stoners. how many years people ended up in prison for some weed. but trump jeopardizes the democracy. which was a bright star to follow other nations. let's see... Trump's Executive orders and bluster do not hold a candle to the idea of changing the makeup of the Supreme Court. If that is done we stand a serious chance of seeing the US experiment finally end. Hopefully if Biden wins, it is a clear victory. Trump steps down as he should, and the Biden administration does not touch the SC. Lotta ifs there. I would rather see Trump win to hold off the Great Reset at least another 4 years... though I am hoping for a clear win either way, but I have a feeling we are in for a ride that makes the Florida chad counting scenario look like pre-school. |
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Just a PSA. I think it is apropos. If you have balances of BTC anywhere other than addresses derived from private keys you hold now might be a very good time to drop those coins into your self custody. (or arguably next week if you want to wait for the difficulty adjustment to kick in) Of course we are the choir as far as the hymn "NYK-NYC". But I know many of us are traders, or have the random balance here or there... Here is why: 1. Some third parties are still paying the network fees for you. Notably CashApp. This is actually the only place I hold a little BTC that is not in my control. That's where I buy dips. And it's not so much that I am super worried. But I pulled my daily limit off today and will continue till it's drained. It's nice to see they are batching. And man.. in my transaction there were over 50 payments made. They are doing some REAL business it seems. 2. The more I think about the Iran news the more it makes me think I just want to tie up all the loose ends like that. That news is going to do all kinds of crazy stuff. It is arguably the beginning of Central Bank FOMO. Just that alone means you might want to get your house in order, so to speak. As the network could be headed towards becoming fairly expensive to transact on. And obviously there is also the possibility that western governments decide to take extreme actions. I know it's paranoid, but seriously... what is left to surprise us anymore? It's probably a tiny chance, but if your government orders exchanges to freeze funds etc, or even seize balances... Also if you are running a lightning node... Now (or next week?) would be the time to think about cleaning up and small money in little dead end channels with small balances, Or channels that seem to be with an unreliable peer. Depending on chain fees you could effectively lose sats tied up in crummy channels... Anyway. some food for thought. https://www.youtube.com/watch?v=gUhRKVIjJtw |
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Weird selloff with no volume = weird selloff with no volume.
Very kookoo...
Shake Shake Shake.... Shake Shake Shake... Shakin' the tree, but no coins falling out. What comes next? Who knows?  |
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Weird selloff with no volume = weird selloff with no volume.
Very kookoo...
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Good lord, the 2016 2017 energy is SOOO strong. You gents remember this?
Making another run at it.
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I cannot really disagree with anything you said here, cAPSLOCK - even though you seem to be giving arguably positive press to scammer/shitcoiners
Hey... I'm just stating facts. Any interpretive bias you sense is coming from your own selfie. I don'tknow the future... but we all will once it's here. Easy peasy. |
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So far I was able to send tx only when I wanted for, at most 30c (7-8sats/byte) or so.
However, soon I would have to send a payment and if it is $15 (as it is currently projected), it would be somewhat annoying.
Now, picture the "enthusiasm" at 30K btc and imagine a fee then.
I am somewhat bewildered that almost nothing was done to alleviate this in 2017-2020 except a slow LN rollout.
It is entirely possible that paying with "onchain" btc will soon be a fools errand (for $100 size tx).
Maybe this is what Paypal aims at.
One component is missing, though, which is the ability to "fund' your paypal account with pre-existing btc.
I am not sure what I will use in the future, LN, paypal, Strike, etc, but i sure as heck would not be paying $15/tx, hopefully, unless btc moves into "state savings" domain and is at $1mil/btc or above.
As has been said so often... For Bitcoin to remain trust minimized there is no choice but for fees to rise. This either breaks Bitcoin, or the market finds a way around the issue. Second layers are appearing... LN, Liquid, and trusted bitcoin "banks" like Square. Rubber meet road. |
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Well we are certainly standing on the threshold of the doorway that either makes his claims valid or dashes them. The fee market is lit up like a XMAS tree and the mining death spiral(tm) is going strong. This is the moment the big blockers have been waiting for. So... |
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... for all the hype about paypal (it's a big nothing-burger)
I promise the WO I will stop fighting this fight after this post... but I just want, one more time, to say why PayPal is important. It does not matter that it's a "Robinhood" implementation, is extremely imperfect etc. That announcement by one of the worlds most important payment rails providers in FinTech was a shot across the bow to every financial services company in the world not to mention central banks and governments. Businesses now are beginning to understand they have no choice but to start talking about how they will integrate bitcoin into their services. And some of them will do it better than others. Because there is money to be made offering the kind of services people want. This is exactly how free markets work. Trust the markets! Anyway... I will no longer respond to PayPal poo-pooing because even I am getting annoyed at myself.  |
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^ With atomic swaps, Monero might become Bitcoin’s layer two.
Oh, and by the way... This is really becoming my favorite mental rabbit hole... the idea that Monero could effectively become a privacy side chain of Bitcoin.
Monero is the strong front runner for privacy. Even better than the lightning network. If we can get that ball rolling it stands the chance to be a bit of a black swan event in my opinion. It would be a solid use case for a separate but cryptographically joined block chain to Bitcoin. It's the next killer app. Maybe?
I think you put it even better. The only thing that's even better is a 1:1 BTC peg with moneros features... but I am not sure that is possible. |
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Kinda surreal being substantially $ above dash and LTC, with Bcash in the crosshairs. The Amazing Monero will displace them all. Look at that transaction data: MONTHLY TRANSACTION COUNT
Monero Bitcoin Ratio
Oct 2020 (est) 533,952 9,418,377 5.67%
Sep 2020 396,854 9,495,331 4.18%
Aug 2020 381,555 9,793,583 3.90%
Jul 2020 331,181 10,158,131 3.26%
Jun 2020 340,895 9,192,440 3.71%
May 2020 400,871 9,092,682 4.41%
Apr 2020 365,875 8,702,021 4.20%
Mar 2020 303,291 8,904,203 3.41%
Feb 2020 231,953 9,439,548 2.46%
Jan 2020 257,942 9,612,337 2.68%
Dec 2019 216,720 9,430,057 2.30%
Nov 2019 212,716 9,243,776 2.30%
Wow.. dat tx graph doh... BCASH has no real reason to exist in the presence of Monero aside from having been an airdrop, which is only an advantage for some. I honestly think Monero is the closest thing to the elusive "next bitcoin" as we get. And I think that is basically meaningless. Monero's use will keep growing, and that will drive it's price up. I do think, however, it is most likely to remain a niche asset. At least for quite a while. It's just not going to see the mainstream adoption that Bitcoin does. Bitcoin = Spotify/Netflix Monero = BitTorrent I think that kind of puts it in perspective, though it is not a perfect analogy since I still believe Bitcoin is very cypherpunk. But it's going to get integrated into mainstream Fintech. Whereas Monero will remain a tool of the technical elite. Monero will always stay one step ahead in privacy and will continue cement itself as the privacy leader. I will enjoy watching the maximalists struggle with understanding why Monero ends up blowing their narrative, and I will love it even more when they end up accepting that it has a place... |
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13880 Well within the channel we now inhabit.
Once that is breeched 14k will be taken out forcefully. Once we are solidly north of 13880 I think money starts rushing in.
Whether we dip again after that is up for grabs... But I say since we bounced off the trend line on the way up pretty hard that once we breech it we are likely headed north pretty quick.
Jinx?
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Breaking News Iran Changes Law to Use Bitcoin For Imports.Iran has become the first country in the world to use cryptocurrencies at a state level for value exchange.
The Iranian Cabinet has amended legislation to redirect cryptos into the Central Bank of Iran’s funding mechanisms for imports, according to a Saturday report by the official IRNA news agency.
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Iranian money has drastically fallen in value with inflation there at 34%, a situation that has been continuing since 2018.
The country is in the grip of US sanctions, so they can not use dollars for international trade.
They are therefore turning to bitcoin, the first country to do so at a state level, with the famous bitcoin volatility less of a consideration here because the situation is desperate. Cool/Scary. This could cause the west to start considering an adversarial stance towards Bitcoin. Which we all know would be foolish. But still... |
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Head fake confirmed?  |
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