Here's another MSM howler today.
Bitcoin and Tesla Have Gotten the Fed's Attentionhttps://finance.yahoo.com/news/bitcoin-tesla-gotten-feds-attention-182102654.htmlNotice that the headline implies exactly what it says, that the Fed is discussing the Tesla and Bitcoin "bubbles". But then the first line of the second paragraph into the article: "Now, the central bank hasn’t said directly that it’s worried about the surging price of Tesla shares and Bitcoin, and it likely never will."
No shit? Lol They are just talking...in no way they will start tapering, and if they try, they will lose 20% on the stock market within weeks, if not faster. Why any "bubbles" is their business anyway? On the other hand, the "big short" Burry has been shorting TSLA for a while. You all know the drill...at first he loses badly, maybe 30% down, but then he makes 500-1000%. However, TSLA options are too expensive, and I would not short the underlying stock as you can get squeezed before long. |
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hey, it happened from 42K and at the 7th day.
I'm listening. (Or reading.) What's next? I guess that you did not read beyond the first phrase, lol. Well, we can either build back from here or go to a 40% correction at $25.2-25.5K. If a sharp down to 25, then the rebound would be equally sharp, but if we hang around here at 30-33k for a while, then we might rebuilt slower at first. Does it matter? Not really, as it is still much more likely that we will end the year much higher. it was the bottom we can expect the price back at $42k at 2/13 latest, IMHO.  yes, and another way to look at it: it is likely to come back (and more) in time for the Coinbase IPO (Feb-March) |
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hey, it happened from 42K and at the 7th day.
I'm listening. (Or reading.) What's next? I guess that you did not read beyond the first phrase, lol. Well, we can either build back from here or go to a 40% correction at $25.2-25.5K. If a sharp down to 25, then the rebound would be equally sharp, but if we hang around here at 30-33k for a while, then we might rebuilt slower at first. Does it matter? Not really, as it is still much more likely that we will end the year much higher. |
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WARNING!
My market analysis shows that we are within 0-15 days of the downturn.
Before that we can go to anywhere between 34.5K and 128K (basically 1-4X)..1x obviously means that we turn tomorrow or even later in the night, but 4x and 128K is almost equally probable, IMHO. An arithmetic average between these two numbers is about 80K, which is slightly above my prior range of 50-70K medium top, but I thought that this local top would be only in March, but it is close to impossible now as the digital assets market where btc is not less than 69% weighting and much more if you remove stablecoins is completely feverish for an unknown reason.
It is not just bitcoin anymore. Everything is crazy, very similarly to Jan 2018.
To ignore the whole market behavior is not possible as it was wrong to ignore the Nasdaq behavior in 2000 when your favorite large cap was still outperforming.
Market is telling us that this will not continue for much longer, sorry that it was kind of short-lasting even if we will squeeze it up to 50-100K in the interim.
Bottom by the spring at 1/2 or even 1/3 if we peak at 100-120K, maybe a second run in the fall.
hey, it happened from 42K and at the 7th day. Therefore, it is from a smaller high, so the downturn is less likely to reach 50%, maybe we already hit it at around 29.3%. We shall see. Now, the NUPL will reset, which is a good thing, resulting in a higher high possibility. |
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I think coinbase IPO will be less interesting for people/institutions that want to actually own bitcoin, or invest in it with bigger timeframes in mind. This way, they (CB) mainly just maximise profits, at an amount of risk that even bitcoin doesn't inherently carry. When bitcoin goes down, coinbase is history. When coinbase goes down, king daddy doesn't give a fuck 
Plot Twist: After Coinbase IPOs, they announce that they are going to put millions extra $$$ into Bitcoin as their treasury. Stock goes to the mewn. Bitcoin goes higher as well. That, or if they say that you can get some coinbase IPO shares if you buy bitcoin on the platform by a certain date. AirBNB rewarded early hosts with some IPO shares, same for UBER and drivers. |
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I think coinbase IPO will be less interesting for people/institutions that want to actually own bitcoin , or invest in it with bigger timeframes in mind. This way, they (CB) mainly just maximise profits, at an amount of risk that even bitcoin doesn't inherently carry. When bitcoin goes down, coinbase is history. When coinbase goes down, king daddy doesn't give a fuck Well, that's the exact opposite of what he is saying, but it remains to be seen. His point is that for fiat holders it is easier to invest in a company vs bitcoin itself. MSTR is just a very small vessel in market cap, but Coinbase would be a bigger one. Think of this a a flow of funds. If some funds flow would be converted/re-directed to CB in lieu of bitcoin, bitcoin price might temporarily stagnate or even decline somewhat. That's the gist of his argument, but he could be wrong, of course. |
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True observers, how many "martians" can you spot in this pic?  EDIT: But this was the one i was trying to find (finally got lucky after posting the 1st one). It's a very quiet place, on a small hill in the middle of a wood. I found it on google maps originally and decided to check it out on a hike. There also were horses. I had to wait quite a time until they had moved their hairy asses out of the viewport. if a kid on a "moving platform" and a walking person qualify (since the whole scene looks "martian" or rather "frozen"), then 4 and if not, than just 2 (resembling martian tripods). Maybe i missed more. A cool pic, as always. |
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I wouldn't move a finger for just 18%..for 30%, I would.
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A few thoughts about the current bitcoin price:
1. With the price at about $40K, bitcoin has to go to $8mil/btc (~160 tril market cap) to replicate the move from roughly $200 in 2015 to about 40K now. This might still happen, but it would probably take several decades and could only happen if at least half of current world wealth would be denominated in bitcoin. M. Saylor has a 15 mil target, which is basically 100% replacement-upper bound.
2. From these numbers it becomes clear that coming right now with a small investment would not mean that you would become super wealthy, or at least not anytime soon, and you need to understand this situation.
3. Having said that, buying about a quarter of btc now ($10k) makes perfect sense as it is more than 89 earthlings combined could have (on average). Invest about $11K and you are in 1% as far as btc is concerned. The $ number would obviously go up in the future. In fiat ($$), you have to have about $5mil to breach the 1% (in US) in wealth, with about $11mil being the median.
4. We are currently observing fiat wealth (hedge funds, family offices, some companies) being thrown into bitcoin, so there is an intense competition to buy. Very wealthy do not need large % gain since they already have wealth and want simply to amplify it.
4. Conclusion: maybe a bit late to make insane gains for a smaller individual investor, but investing as little as $11K in btc at this moment might EVENTUALLY bring you or your family to top 1% in wealth, albeit it would most likely take some time (in my estimation, decades).
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That's a good summary, but current situation does not fit any of 4. Basically, today a very strange concoction is highly up: "privacy" coins and strange shitcoins like ETC, obscure bitcoin forks. Not sure that it means much. |
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What is the "black round thingie" that sends radiowaves, then? Who (or what) controls Musk? EDIT: I can easily see Musk says to someone to fire a couple of millions, though (to control the overheating economy). |
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All these 'pantie pics' inform as to why there are so many boomers.
I think that 50ies had a "thing" with panties, titties and naked legs, I suppose.
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41...maybe a new meaning of 42 (from the Hitchhiker's guide)?
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We seem to be having problems staying over 40K.
Is this just a natural correction and Resistance or should we be worried
if you are worried by 41K to 39.5K move in bitcoin, than you could be the next mindrust (see the midrust legendary story). Can you provide a link to the story. I read here only small parts what happens. Would be nice know all. Thank you. Around there : started a bit before and continues after... https://bitcointalk.org/index.php?topic=178336.msg54020506#msg54020506Thank you. So I will put some popcorn into the microwave and start to read 😁 Interesting...WO travails become a story/lore for future bitcoinologists to study. |
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We seem to be having problems staying over 40K.
Is this just a natural correction and Resistance or should we be worried
if you are worried by 41K to 39.5K move in bitcoin, than you could be the next mindrust (see the midrust legendary story). |
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That is weird: Bitcoin is a lot more stable than Gold in terms of knowing exactly what is up: You can't fake it and there is no mine of gold out there, only 6.25 coins every 10 minutes.
Interestingly, Bitcoin can only be mined on Earth. Gold can be mined from ... a lot of different planets, any other solar system, any other galaxy. Because of the way Bitcoin is set up with 10 minute average blocks, miners are limited to about 1 minute away from the "center of hash", which happens to be Earth. You can have miners on the moon or in orbit, like some international space station, but you can't have miners more than 1 million kilometers away as that's too far and introduces latency. It's possible for other planets to use Bitcoin, but they can't mine it, only broadcast their transactions and wait for confirmation. Mars is already too far away, as in terms of Bitcoin, it is more than a block away. It's like 15 minutes to 45 minutes away at the speed of light. I like it. Each planet gets their own bitcoin which captures the entire productive value of that planet. Exchange rates vary by productive output and are kept in check by interplanetary arbitrage.<gif removed for brevity> TNG was talking about gold-pressed latinum  , which is rare for an unknown reason (perhaps, because it cannot be replicated, unlike gold). It might be a good idea to get some, in case it takes off...lol. |
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That is weird: Bitcoin is a lot more stable than Gold in terms of knowing exactly what is up: You can't fake it and there is no mine of gold out there, only 6.25 coins every 10 minutes.
Interestingly, Bitcoin can only be mined on Earth. Gold can be mined from ... a lot of different planets, any other solar system, any other galaxy. Because of the way Bitcoin is set up with 10 minute average blocks, miners are limited to about 1 minute away from the "center of hash", which happens to be Earth. You can have miners on the moon or in orbit, like some international space station, but you can't have miners more than 1 million kilometers away as that's too far and introduces latency. It's possible for other planets to use Bitcoin, but they can't mine it, only broadcast their transactions and wait for confirmation. Mars is already too far away, as in terms of Bitcoin, it is more than a block away. It's like 15 minutes to 45 minutes away at the speed of light. I agree, but the number is off a little. right now more like 8.13 min (487.6 sec) for 90.829 mil miles (146.175 mil km) At the minimal distance (54.6 mil km) just above 3 min with maximum at 401 mil km (22.29 min). We will need to learn how to entangle the martian node(s)...  |
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Why are we talking politics again?
Maybe because btc did not move much in any direction for the last 12 hr...
How about some pictures of your future RE or just nice vistas to spend quality vacation time?
I promised to myself that if I survive covid (with or without a vaccine), I would do some traveling this year, regardless of btc price.
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