IMO, if the market can make up for the loss of momentum starting in 2021, preferably within a year or so, while the world economy keeps generating the needed fiat fuel, the party which FTX was crashing will likely continue. Emerging adoption on a broad scale, like mentioned in the article Biodom shared, would help for sure. We'll see how man contibuting factors and dynamics will come together, and if they will drive each other (directly or indirectly), it could be enough to start off the "Supercycle" missing the blowoff-top, but further increase of value.
We might live through one or a few more cycles to finally witness Bitcoin's scarcity effect kicking in.

EDIT: I missed that completely...

I had no funds on Bittrex, however. Still, an exchange less to sell some of my corn near next ATH  

quid pro quo  

OT: Got lost all the day in trying to fix my PV inverter after a firmware upgrade, when it refused to connect to the grid.
Support tickets, factory resets, analytics, research... no time to check BTC price  
In the end, there are problems at the grid supply, the mains frequency is out of range most of the time. I have to call an insider i happen to know, he works as a tech for the power company. Seems related to the new firmware. I think it's a bug, because the inverter should limit export power, not refuse to sync to the grid at all.
I'm going to end this day with a few extra drops of my freshly filtered cannabis oil for recreational purposes It has a ver different effect compared to vape and/or smoking, really warm and peaceful. That's probably why US cannabis-oil users often call their stuff "medicine".

However, nice to see King Daddy above $37k again, after the Binance/CZ story... Didn't do much harm to the market, all in all?


I guess they don't want their customers to hodl or use "their" BTC, but encourage them to trade for fiat, so the banks can make some money off trading fees aka. "custodial services" (pun intended). Banks are still fiat, stocks and metal whores. I don't expect them to change too early...

The main reason, for me, was that i got the actual price at the time of ordering, regardless of the price when paying (usually later, depending on the payment method).
Second reason was that the price at the broker got averaged and updated every 90 seconds, which allows to catch dips while the prices already goes up on exchanges already.
Something like an arbitrage-proximate time machine  

Another bonus, whichever address the customer sends the Bitcoin to, if it's his exchange wallet, the original fiat buy is tainted.
And of course, you don't need to have money lingering in your exchange's fiat wallet to make a quick buy (preferably if bitcoin price goes south).

I always was under the assumption that SAFU is an abbreviation for

Safe
As
FUck

 


Best comment:

"He's so pumped his hair grew back!" 

looks OK to me.

Yeah buddy, GO!
We're all sick of sub $40k.
GO!!!

Some indicator triggered on the S&P, which triggered only 17 times in about 80 years.
Zweig Breadth Thrust (ZBT). AFAIR i did already write a short post about that.

We all hate that. You got my sympathy.


I have no problem keeping my mouth not shut in a trusted, often private environment, debating with people i know or at least know that i can expect knowledge or openness at least. (pretty much like here in the WO, on a second thought)

Well, there's a close friend that knew about me being a bitcoiner, since shorty after i bought the first amounts of corn. He coincidentally bought some other, yet established shitcoin, so we were discussing out the two. He said he wanted to have a whole coin, not just a fraction, and that said shitcoin was rumored to be the next Bitcoin killer (oh yeah?), which in hindsight, was not the case 
However, he sold at about 3x gains in the 2018 altseason, and he was satisfied with that, but he didn't want to continue investing, because it's so much stress and that all... "You can lose everything every day"... I asked him, if he didn't know that from the beginning, and he said "yes, but...".
I never told him an exact amount when i was talking about my holdings, in advance to rule out jealousy, which can really kill a friendship, later i said i had to sell "most of my corn" to finance the extension of my house, which was at least partly true, because i was speculating with a small amount of Bitcoin bought in 2019, a short while after the capitulation bottom and sold a few months later. We were staying good frens this way, and we still talk crypto every now and then.

The other one was an assistant in the company i worked for. He was an altcoiner, but really about equal BTC and fiat gains, making some money while building a stack. It was around the 2021 crashening. He was "consulting" his boss how and which crypto to buy, and it worked out for a while, and then he left the company. I was undecided if i should show my knowledge and opinions to him (and the boss), but i managed to favor Bitcoin without even mentioning if and how much cryptos i held, because nobody even asked.

On all the other rare occasions i always played the role of the educated nocoiner. This did fit quite good, because the other people were nocoiners at well. One dad was talking about his stock investments with another dad when i picked up one of my kids after school once, and dad A said out of the blue "I am about to buy Bitcoin next", and it was last year, so his timing wasn't that bad, at least no real FOMO, but i only kept listening without even looking at them.

I forgot another former friend (he broke up with everybody because getting mad and paranoid from amphetamines), whom i talked to about Bitcoin at the time when i didn't have any, but he was frequently using low 2 digit Bitcoin amounts to buy drugs via darknet. It was around $300 at that time. I was already knowing a bit more than about the basics of Bitcoin and decided to buy and hodl some for myself, but got distracted to do so for years by my fucked up memorization. 2017 i was doing better and after i found a convenient way to buy corn, i started to build my lil stash when the price was about $2800, which was the lowest price i ever paid for any of my Bitcoin holdings.
Not really lucky, but still kind of. I always was a humble guy, so i am satisfied.
I even learned about Bitcoin in the early days through curiosity, but i just fucked up getting things going, mainly because i ceased to function in 2012.

You see my mind is wandering quite a lot, i am dog tired, trying to get some sleep next.
I'll also skip the haiku today. #GN

Passport is clearly the winner. The higher price is well worth it, too (IMHO).

A lot of work to do until next week, still found some time to visit a private party in a remote city, and i could at least talk a little about Bitcoin with some people (frens and frens of frens). I didn't reveal my holdings, i was acting like the informed&interested, critical guy, and i took away the impression that BTC is still quite under the radar in the sheeple society.  This enables BTC movements in two directions: More future potential to grow, which isn't sounding really new to you guys here, but also more potential for MSM and banks to seed more fear among the less informed and interested, to keep future buyers away.
Surprisingly, the "strongest" (in a negatively biased way) argument was like "nosy holders, that got rich by accident and dump on the little guy" (inspired by SBF news coverage) and unsurprisingly also the good old "ponzi scheme" came up in the talks, but interestingly a "bad banks" sentiment seemed to have established as well. Most participants were still drawn to gold.

OT: In between, as i needed to create a birthday present for a long time fellow stoner, i successfully created my first high quality THC oil, which proved to be high potent as well , and will be used for more types of "functional food" (for potheads) like chocolate, peanut butter, bakery products. If THC would be legal where i live, i could create and sell a lot of useful products with good ROI for a living. I'll keep my eyes open for future career options, and i would accept Bitcoin, of course  

EDIT: I also heard about "hard to get" Bitcoin in the discussions mentioned above, where i was able to debunk that, as i found out that nobody there knew about BTC coupons, available at post offices, and "BTC-ATM" were well recognized, but nobody tried them yet.

Jade looks like a good candidate for being the wallet to replace my ledger(s).

Zweig Breadth Thrust (ZBT) indicator was triggered on S&P, according to this stocks should continue going up for a while. IMHO

Maybe an early bird, who will be selling the next correction and call cr**to a scam until 2025 ATH, when he will cash out his life insurance to buy in again...

What are you here for, then?

Forget this child. "Bjatcoin" is just disrespect and namecalling.
Nobody wanted to fill his 3BTC begging demands.
Now he is salty.

#sadfucks

I quote that for future reference ...or for your psychiatrist

de
lu
si
on
al

unfortunately no porn, not even a single nipple 

I searched for "orderals", also combined with other searchwords, but i only got unrelated rubbish.
Mind to elaborate further, maybe spend a link or two? 

thirtyfive thousand
i am not going to lie
well, i do like it

i hope we will see
further accumulation
before it goes up

when choppers fly low
there is room for going up
vroom, vroom, chop chop chop

fo
rev
er

#sunday
#gn

The point is, i don't want to diversify Bitcoin. This is just my opinion. No need to argue against yours.
I am also fine if somebody uses Bitcoin for buying lifestyle stuff, callgirls, drugs, whatever. It's just not my usecase for BTC, that's all.

That's not the right comparison. If i tune my earbuds to (noise-)cancel out the voice of my wife, that would be following my logic then.
Zoning out is like scrolling down, imo. Me and my wife are always listening to each other, i can imagine that's not very common, but i remember ex-girls of mine that were mainly talking garbage and quite angry when i didn't really listen to them.