They always talk about an "October surprise" during an election year. Trump gets diagnosed with Covid-19 right on October 1st. His self-quarantine will last 14 days, and end exactly on the day before his next debate with Biden. What an utterly...amazing... coincidence. The odds.  It could be God himself is writing this story. So it is the God theory being scripted just like what it will be when it is laid out in the book he will write in his memoirs.  Maybe let nullius explain this to us who are dull towards these religious cues  What I am saying is this IS the book. |
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They always talk about an "October surprise" during an election year. Trump gets diagnosed with Covid-19 right on October 1st. His self-quarantine will last 14 days, and end exactly on the day before his next debate with Biden. What an utterly...amazing... coincidence. The odds. It could be God himself is writing this story. |
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he he
Now, that planB scheme is being widely criticized as unrealistic or even unscientific, the crowd will tend to become much less wild in anticipation...and then btc would outperform.
If everybody are sitting counting their imaginary funds at $100K or above by Dec 2021, it would NOT do it.
I apologize... I never stop doing that... I also spend time counting at $500k, and when I have had enough beer I throw in some 0.05 XMRBTC to add a golf course, or small airport to the island... |
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Meme quote - Jihan Wu Outdated, obsolete language. Don’t you know that this isn’t the horse-and-buggy days? Language evolves.There is now a much worse “four-letter word”. 2016, with obsolete language:2018, after Faketoshi stuck a fork in his back, Jihan changes his tune and upgrades his F-bombs: Whether you made this, or it is actually real. Both make the universe a better place. But I really WANT it to be the latter. I am assuming from certain details it is the former. |
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In USD the next trading ranges are:
Between 95-115
Between 115-140
Open skies!
The timeframe is the harder question, and I think depends on the broader crypto markets.
I expect those two areas to put up fights.
The reason I am talking USD is because I think a lot of the new money coming in will be thinking in USD, and bitcoin's rise also brings us into those areas.
Looking at it in the more important XMR/BTC shows a similar potential progression, though.
I think we spend some time in that first trading range for now. Weaker Bitcoin means somewhat stronger XMR and vice versa. |
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Also... if this is handled like all the rest of how Bitmex has worked and there are no big gotchas it's also gonna light a fire once people start to realize it's all gonna be OK.
Markets are acting like China has banned bitcoin(tm) again!
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cryptos are a financial derivative?
If you start with the premise that all value derives from government- mandated, central bank-issued money, you squint really hard, and you abuse hallucinogenic substances, then—maybe it begins to look like that. I am just trying to guess what Brandt means. Brandt is astutely pointing out why this matters, and why it is good for Bitcoin. (not that much of a fan of his... but he's right here)
WTF? How is Brandt right? And how is regulation good for “cryptos”, as of which he spoke? It's not really that regulations are good... it's that the big dogs are really starting to step up. They have to, so they can try to control Bitcoin next and be the next to get destroyed by it. That's what I think is good... maybe Brant isn;t thinking that many levels deep. Maybe I am just gassy.. Dunno. |
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cryptos are a financial derivative?
I would imagine there are some big money interest behind this move... someone else wants Hayes' action. |
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maybe they can be bothered to black helicopter Arthur in from the cold  wtf is Brandt on about there. too many dinosaurs having opinions all over the place Brandt is astutely pointing out why this matters, and why it is good for Bitcoin. (not that much of a fan of his... but he's right here) |
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Yeah when I saw that I though, wait a fuc.... oh nevermind. Hayes is a LOT of things, and bold is one of them... even a bit of an asshole from time to time on social media. But he is NOT a fool. |
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I remember one resistance/support was around 0.0115 and other around 0.017. I clearly remember saying that any Monero below 0.017 btc is a undervalued Monero  Anyway around 0.0115 will be our next target. If somehow, with BitMex drama, breaks it we will go fast to not super cheap Monero range anymore. I think there are some scenarios in which the BitMex thing is good fr Monero... |
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So, currently, Bitmex is processing withdrawals in a way that is more regular than regularly? In other words, we (royal?) do not need to worry about the earlier fear expressed by WhalePanda that was reflected in your earlier post (depicted below)? My speculation is that direction. They are some of the most honest pirates on the high seas. I bet they are not even fractional. We just don't want the gvmt getting a hold of enough of the keys. Wonder if Hayes uses the insurance fund for lawyers... could make sense. |
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https://twitter.com/stephendpalley/status/1311694266389929986BREAKING: CFTC sues Bitmex, Arthur Hayes "to enjoin their ongoing illegal offering of commodity derivatives to U.S. persons, their acceptance of funds to margin derivatives transactions from individuals and entities in the U.S., & their operation of a derivatives trading platform yay the drama we need Who is this Hayes character?? He has teeth like JJG has words... Big collection, no particular order?  You're right ... Arthurs teeth make way more sense than JJG.  |
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https://twitter.com/stephendpalley/status/1311694266389929986BREAKING: CFTC sues Bitmex, Arthur Hayes "to enjoin their ongoing illegal offering of commodity derivatives to U.S. persons, their acceptance of funds to margin derivatives transactions from individuals and entities in the U.S., & their operation of a derivatives trading platform yay the drama we need Who is this Hayes character?? He has teeth like JJG has words... |
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https://twitter.com/stephendpalley/status/1311694266389929986BREAKING: CFTC sues Bitmex, Arthur Hayes "to enjoin their ongoing illegal offering of commodity derivatives to U.S. persons, their acceptance of funds to margin derivatives transactions from individuals and entities in the U.S., & their operation of a derivatives trading platform yay the drama we need Oof. So that's the why behind the dip. That's a silly reason to dip I think. Plus didn't we all know this was coming. I figure we recover fairly quickly. I... Hope... |
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what a shitshow.
shitcoins, ICO, DEFI, everything is the same shit. You know how I see this, though? In the end, if people did not grossly misunderstand Bitcoin, for a surprisingly long time we, the people blessed enough to realize what it actually is at an early time, would not have had the great fortune of having a little more of it than we otherwise could have. It also means we have to wait for the world to catch up with us for the valuation to be what it *should* be... But you know... two edged sword and all. I just hope all the awful hackery and scams that arose to steal mindshare does not damage Bitcoin in the end... but I seriously do not see how that could be possible. It is truly anti-fragile. |
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--clipped a lot of good stuff---
what a shitshow.
Indeed, and the vast misunderstanding of what Bitcoin actually is will be part of the reason that in the end the distribution will have been more fair than if everyone had just understood it out of the gate and not gone down the avenues of confusion for over a decade. I suppose that is looking on the bright side. Luckily the concept of the whole of Bitcoin cannot be harmed by this misunderstanding... just delayed a little, and we needed it to develop the tech in the meantime. |
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In March 2020 BTC's 200 week moving average was merely approaching $5,500, so when the BTC price actually dipped down below that $5,500 at various times for close to a whole week - with even close to an hour below $4,400 and a few minutes dipping to $3,850, you did have a chance to buy back because admittedly, you were watching the BTC price during that time... but part of the problema was that you were waiting for more and MOre and MOAR... and more did not come.
His Loquaciousness is certainly correct about the above... and I remember the combination of pain and pleasure of that day in March. It's probably a bad idea to post this... but what the hell... YOLO...  You are killing it... capital no capital..... well surpassing a .21BTC threshold - a kind of ball hogging - which is surely more than the world average.. all in one buy. 1/100,000,000 of the total BTC supply.  Further, I was becoming envious that nullius was getting so much of the word-counting attention, but I am glad that you reserved a wee bit attention for yours truly. I know... nearly a whole quarter corn! But I hadn't really thought about the fact I did a 21 themed buy that day... Thing is I don't really ever buy it that often anymore... but that day? What a sale! |
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Big news coming Sunday gents. Bag hodlers, pack your bags. #ThisIsGentlemen I REALLY like mysteriously bullish Elwar. |
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In March 2020 BTC's 200 week moving average was merely approaching $5,500, so when the BTC price actually dipped down below that $5,500 at various times for close to a whole week - with even close to an hour below $4,400 and a few minutes dipping to $3,850, you did have a chance to buy back because admittedly, you were watching the BTC price during that time... but part of the problema was that you were waiting for more and MOre and MOAR... and more did not come.
His Loquaciousness is certainly correct about the above... and I remember the combination of pain and pleasure of that day in March. It's probably a bad idea to post this... but what the hell... YOLO... |
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