This price action makes me think that a $250k + top is much more plausible that a $100k top  The current currency system is dying.It’s no longer a cringe part of a hidden sub culture in society who knows this. It’s no longer the Peter Schiffs of this world proclaiming the end of fiat systems. It’s a (close to critical) mass that is contemplating this now. All in the open and for everyone to see. And it’s simple math determining that this will accelerate. 20% of all dollars in the world created this year alone. Next time, will it be 40%? And the next thereafter? Will the new stimulus bill go to $4 trillion (6.6% of all money (in broad terms) in the whole world)?  Will the next stimulus bill be $8 trillion? The talks about the $1 trillion coin seem a long time ago (those were rookie numbers ). It’s happening because it’s inevitable. Greatest. Wealth. Transfer. Ever. I fear the highlighted. I cannot force myself to go 100% in btc (with some others sprinkled about), just because being 100% in does not give any wiggle room. I detest spending btc, so need $$ to do that, but you cannot rely on btc up down moves to provide enough $$ as it might catch you when it is trending down, but you need cash ASAP. In addition, is there room in bitcoin for everyone-maybe, but only at truly astronomical prices. I see an investment "credibility gap" somewhere between 100K and 1mil. Institutions might still go for it, though, but your average Joe would not buy something that costs 100K, however, at 1mil and above it probably would be stable enough for that Joe to simply use some lower size unit (bits, sats or whatever) for small item transactions. |
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Bitcoin maximalists make the fundamental mistake of forgoing profits (BTC profits) in favor of talking shit from on their high horse. The market makes clear time and time again that it does not value decentralization nearly as much as you do. It's not like all money must flow to the one true decentralized coin.
Exactly. In each major bull run, the big money was made in ... altcoins. But in this cycle, I have yet to see a meaningful start of a bull run in the alt market. Will it be different this time (I suspect not; big boys are accumulating as we speak)? They do, but what? candidates: DOT/KSM-likely ADA-possible Dark horses: ALGO (too many coins?), Blockstack (STX), Hedera (HBAR, also too many tokens), Theta (I have no idea why it is rampaging up) Defi (AAVE, COMP, YFI, UNI, SNX)-one or more of those. YFI looks interesting from the usage perspective, but too "rich" per unit. It's not a bitcoin, lol. the rest of defi-where is the value in governance tokens? Name your candidates...just for luls. |
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It might feel nice to treat a shitcoin badly, but as I said before, don't expect to be treated any differently by the populace at large when our time comes (to be under some kind of pressure) and it will come at some time with 99% probability. I don't care to post it, but many attack vectors are theoretically possible and I don't like any of them.
However, I still hold btc since I think that in almost all cases we eventually persevere.
The difference, I think, is the level of commitment and resilience. Are we comparing shitcoiners and bitcoiners? Seriously? I am saying that bitcoiners would become "shitcoiners" in the eyes of the 95% of the populace under certain conditions. The Golden rule says: treat others as you want to be treated. I am not particularly fond of "minority" opinion treatment here and that includes "poor" mindrust (or was he mindtrust? I don't recall). |
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An interesting opinion, but conservative numbers (similar to others) for 2021: minimum 75K, most likely 100-300K, 300K-864K not likely, but possible. https://medium.com/coinmonks/halving-cycles-and-the-bitcoin-price-7b95130f74d0One point re all these predictions: almost nobody in Jan 2017 thought that 20K is less than a year away almost nobody in Jan 2019 thought that local top of 14K was a few mo away. nobody in March 2020 was saying that we will be at above 24K in 9 mo or so. Conclusion: in the end, most likely that nobody correctly predicted what would happen in 2021, and that includes planB, albeit he gave such a huge range that could always turn out nominally "right" as he gave 50K, then 100K, then 288K, then said that we might exceed 288k by a factor of 2-2.5-3 at the absolute peak. Therefore, he covered 50K-864K. In lieu of planB later numbers, I would consider anything less than 100K cycle peak as a "miss" on his part and we will have no party, lol. We shall see. |
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25k on the 25th would be poetic.
Here's hoping.
Happy Jesus Day.
ok and after that we should focus on 31k on the 31st. I am with you as long as it is not 1k on Jan 1st  we are up 15% since Saylor 2 and almost the same since the "Christmas star"-good omens all around.. ...here is to the X year reign of bitcoin! Next great conjunction is in 2040. |
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It might feel nice to treat a shitcoin badly, but as I said before, don't expect to be treated any differently by the populace at large when our time comes (to be under some kind of pressure) and it will come at some time with 99% probability. I don't care to post it, but many attack vectors are theoretically possible and I don't like any of them.
However, I still hold btc since I think that in almost all cases we eventually persevere.
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Merry Xmas brethren! See you next year you know where...  hookers & blow included... Then we realized that by next year we might be talking about what kinds of airlines we might buy..... Merry Christmas everyone. speak for yourself...never mind, that's what you did...  No airlines for me. If some 'crazy' prices would materialize, maybe a couple houses, geographically distributed. Merry Christmas |
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1/ More major US government action on crypto, this time from the White House working group on financial markets, with a slate of proposed policy around USD stablecoins. We have a few things to say on the matter! https://home.treasury.gov/news/press-releases/sm1223... 6/ This paves the way for stablecoins to become a major part of the payments and settlement infrastructure of the financial system. With Centre expanding, expect many more FI's to be involved with USDC, and expect more Centre stablecoins. ... 10/ Most importantly, it is vital that the US government carefully considers how digital dollar stablecoins work over the internet and tap into the massive innovation of public chains, DeFi, smart contracts, etc. in the digital era stablecoins: native payment, smart contract BTC : international payment,investment and there are many bridges between stablecoins and BTC. That is a terrible haiku. Keep trying! Oh, and Jeremy Allaire has been so wrong about so much in the "crypto" space. He has been trying to prop up the altcoin universe from the beginning. Totally sideways, but every time I see Jeremy Allaire pic, it reminds me of a poor psych "Dr" in the first install of the "Total Recall" with A. Schwarzenegger. |
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We are back in the old channel that lifted us by our bootstraps from $3122. It is a nice place to be.  Thanks, very instructive, I appreciate it, but to me the chart vs the channel looks like one of Feynman diagrams of the possible particle paths while the channel is the probability-weighted integral of those paths. In other words, the chart looks nothing like the channel, more like some "random walk" that started and ended in the "channel". IMHO. |
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God, if I was not so lazy I would be setting up some west Texas wind/solar. I wonder how much those turbines cost to deploy.
I looked at the numbers. 1 turbine of 2-3 mW is $2-4 mil. Lets assume $3 mil. It looks like it can probably 'feed' 1000 S11-say, another $3 mil. maintenance-they say about 50K/year. 2 people (at the minimum) taking care of 1000 miners-another $100-150K/year. Total investment for the first year $6.2 mil. 1000 S11 would make roughly 20BTC/mo or $0.47mil/mo (current prices) or 5.64mil/year if everything stays put (it doesn't). So, about 13-14 mo to profitability if turbine is fully paid for, not a loan. However, second year is almost pure profit . This business would need to very strategically buy new miners (on the cheap when possible). I am not sure how reliable the wind is (it probably isn't)? Why does the business have to get more miners? If it's pure profit on the second year, the smart thing to do is milk that profit until it's gone, all the while buying more corn. 1. replace broken (or malfunctioning), could be as much as 10%, only partially covered (180 days warranty). 2. slowly replace older models with newer models, maintaining a profitable, yet efficient mix. With wind turbine lifespan of 25 years, you've got to do it, otherwise you can provide the electricity to the grid, which would be less profitable, I assume. |
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God, if I was not so lazy I would be setting up some west Texas wind/solar. I wonder how much those turbines cost to deploy.
I looked at the numbers. 1 turbine of 2-3 mW is $2-4 mil. Lets assume $3 mil. It looks like it can probably 'feed' 1000 S19-say, another $3 mil. maintenance-they say about 50K/year. 2 people (at the minimum) taking care of 1000 miners-another $100-150K/year. Total investment for the first year $6.2 mil. 1000 S19 would make roughly 20BTC/mo or $0.47mil/mo (current prices) or 5.64mil/year if everything stays put (it doesn't). So, about 13-14 mo to profitability if turbine is fully paid for, not a loan. However, second year is almost pure profit . This business would need to very strategically buy new miners (on the cheap when possible). I am not sure how reliable the wind is (it probably isn't)? |
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Actually i am loving this dump. This is the BEST case scenario. Ripple is the pin that slaughters the alts. A few alt projects will survive. ANY of them that look even a little like a security are gonna get killed.
Bitcoin basically holds. Dominance goes wild.
Edit.. Wow.. the more I look at this the more beautiful it is.
Ripple another coin not backed by mining gear. Did well right? true, but grin (backed by mining) did nothing positive so far-one of the shittiest of the shitcoins as far as ROI is concerned. |
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Actually i am loving this dump. This is the BEST case scenario. Ripple is the pin that slaughters the alts. A few alt projects will survive. ANY of them that look even a little like a security are gonna get killed.
Bitcoin basically holds. Dominance goes wild.
Edit.. Wow.. the more I look at this the more beautiful it is.
You could be right and several are down 25-35%. Still, today they come for them and tomorrow...? Regardless of the merits, I still think that it is not appropriate to spend 8 years twiddling their thumbs and THEN coming up with something. |
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*yawn* Bitcoin's stuck in the doldrums of the 23k's.
Bored again, come on bitcoin do something interesting! :-)
Peeps are too complacent about this. Do you want to have the best house in a shitty neighborhood or in the good one? Or maybe you want a house and no more houses as far as the eye can see? It depends on your perspective. |
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You know that fictional store "Food and Stuff" in "parks and recreation", well Lidl must be the real life European equivalent. Lidl Is a German or Austrian, not sure witch, store that's pretty new in Sweden, but I understand it's been around for a long time in central europe. And it's the weirdest store I've ever been in, everything is just stacked without any planning (or so it seems), they have stuff all the time that's just there "on a short visit" and the checkout counters are of that weird German type that's so short that your stuff doesn't fit and you have to run to the end and start packing before you pay. "excuse me, where can i find the towels?" "They are right next to the firewood, witch is right next to the coca cola."  They are smarter than you think: Firewood-means a party or gathering, perhaps, hence the need for Coca-Cola and maybe even towels (especially now when they told us to form "units") Short real story: A prominent chain in US hired consultants to improve their stores profitability. One of the paradoxical recommendations was to place beer near the diapers. Why? It turns out that women send man to shop for baby diapers sometimes later in the evening and the guy tends to grab a beer while being "on task". That's why man's clothes in US supermarkets are almost always closer to the entry door(s) than women's. Man tend to do fast shopping (at least for his needs) while women like to browse before buying (or not buying anything, lol) |
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WRT the whole Ledger debacle - When it first came out I saw a lot of this behavior online, which to me made no sense.   ...there is plenty of a record now  |
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It's all peachy, but our leading indicator (GBTC) suggests a 4% drop.
Y'all think that it is irrelevant, but a large coin losing almost 50% because of lawsuit (even before any verdict) is (or should be) unnerving to btc as well.
Who knows what other lawsuits are in the pipeline or be concocted shortly?
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Ledger update: I took my backups and extracted the emails from about three years ago, when i ordered my first nano. Clicking on the "Order details" link takes me to a page where order details are shown as "hidden" (for my security), because the order completed. So far so good, that's maybe why personal data from my order is not included in the e-commerce db leak, but my email must be there, because of the lately increased spam. Reviewing my recent order shows all data, but it's completed as well. I have to insist to apply GDPR Art. 17 to all my personal data @ledger. Another grumpy email session  Don't bother at this moment. Instead, query a database there are two places: https: //intelx.io/?did=8761746e-d333-4256-bbcd-9100c8722799 or simply https: //intelx.io , then search for your e-mail. It will show either just email OR the whole echilada (address, name, etc) Alternative is https: //haveibeenpwned.com/ , but people say that intelx is better because you can just scan with email. I am putting the gap (between : and //) in the address, so it would result in non-clickable link. You can assemble if so desire. If your info is there, GDPR will do nothing as the data is already out there, sorry |
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Fooking Ledger!!!
What the heck...
Never trusted hardware wallets with significant amounts and never will. Paper/Steel wallets rule. who gives a s-t about trusting the stupid wallet when fooking home addresses were revealed. that's the main problem. |
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