This extended pause and consolidation seems to be very bullish for BTC. I expect the BTC price to come back down significantly one more time to less than $7150 before the end of the month, and possibly $6900 within the next 3 days which should bring the long/short ratio down to an acceptable 1.15 (or below) so bull move can blast off to $10,000+:

https://imgur.com/a/iIPMhl9



It’s possible to come down to the lower trendline support on my chart above at ~$6100, but that seems MUCH less likely. Anything lower than that before moving higher seems very, very unlikely, but anything is possible.

Readers in the thread may also want to check out my latest blog:

https://steemit.com/bitcoin/@anonymint/secrets-of-bitcoin-s-dystopian-valuation-model

Facebook’s vaulting ambition to create a new global digital currency has led it to hold talks with some of America’s largest trading houses and cryptocurrency exchanges, including one founded by Mark Zuckerberg’s sworn enemies — the Winklevoss twins.

A secretive unit of the social media company has been working for more than a year to create a currency that its 2bn users can use to send money to each other, and to buy things not just on Facebook, Instagram and WhatsApp but across the internet and in the real world.

“Payments is one of the areas where we have an opportunity to make it a lot easier. I believe it should be as easy to send money to someone as it is to send a photo,” said Mr Zuckerberg, Facebook’s founder, at the company’s developer conference at the end of April.

our insider took screenshot off Jihan’s laptop TSMC 7 nm yields are catastrophic 47% Considering the wafer costs this is a financial disaster! Also TSMC capacity is limited and Bitmain allocated only 9,5k wafers for entire 2019. Compare that to 20k per month in 2017 😭

Tickling just over $8000 now and waiting for this bull run to really take off.
Meanwhile will check on LTC since everybody is talking about it this morning and not certain why.

not the WO's finest hour, I'll give you that

Bad news for holders of anonymity coins it seems. This looks like the first delisting of Zcash and Monero and it’ll certainly not be the last.

Whenever this story crops up on the intertoobz around this time of year or recently on a "60 Minutes"
we always hear about this laszlo dude who sent the coins.
But what I want to know is who the hell was the lucky bastard pizza supplier who received them? 
Never seems to be mentioned....

Good evening WO brothers!
Observing $7,829

Around 10 pages to catch up. What have I missed?

I hope someone will post this.


If you measure utility in fungible money, then given fungible resources are always power-law distributed, then clearly the higher valuation will be the chain that provides more utility to the uber wealthy. In that case, they need the looong history of immutability as prima facia evidence of secure store-of-value that won’t be debased nor disrupted. I am thinking the stock-to-flows model is all tied up into this prima facia driven confidence:

https://medium.com/@shelby_78386/apparently-not-400244cca3cc

If you measure utility some other way, then perhaps an altcoin for the masses has more utility. But do not expect to get more “wealthy” in fungible units of money from it. I am doing a deep think now on that notion. Actually the Bible comes into this in a major way. My next blog post will go into this and also explain how Bitcoin is very clearly a WMD created by the banksters.

I'm not a zoologist.