It's not too hard to figure out. BAKKT customers need not be Bitcoiners. Look at the last day. You could sell a future contract for 9500 or so, by the chart. Well, you could buy BTC at that day's price (as low as 8775), and sell a contract, your assets and liabilities balance, you pocket money. A fair amount. With the only downside being the counterparty risk of the parent company of the mudderfukkin' New York Stock Exchange. It's a pretty simple calculus. The only miracle is that the volume isn't higher. You can shave some, but much less than you imply. The cost of nov19 8810 dec19 8902.5 jan20 8962 (8962-8810)/8810 is about 1.7% in 2 months or 10% yearly. https://www.theice.com |
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Congrats LFC you earned a drink for this victory  They almost made it contested in the end. The referee could have easily given penalty on 83rd min, with these 'unintentional' hand balls you never know. I happen to think that it was right this time, all things considered, but i have seen the exact same situations resulting in a penalty kick, especially in international games. A defending player in the box has got to put his arms behind the torso, otherwise you could surmise that he is preventing the ball passage even if he did not visibly move the arm toward the ball. Re 7K (for a basic macpro), I am not doing anything that could justify this. I used to buy pro versions of the mac, but later discovered that a regular Mac or PC are just fine for my purposes. |
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it's a typical bureaucratic crawl.
FEDEX only needs it for more than $2500 items, hence the actual form does not have an asterisk there, but Bitmain forces the issue for cheaper items.
BTW, is $800 de minimis counted for the whole order, including shipping or only for the actual miner?
Much obliged.
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My money is on Rick to humbly ask Bob to sell some and Bob acquiescing if and when we would crawl to 11-13K. That number (11K) seems to be a sell attractor. I also sold some around 11K in 2017 and perhaps 1.2K higher in 2019. For newbs to have bitcoins someone has to sell. It is just a theory...please don't throw any heavy objects my way  |
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How much must one bitcoin cost after halving to cover mining costs? Let's say in USA.
if you use the most efficient miner (S17 pro) and you use an average cost of electricity in US at 10c/kwh, then with CURRENT difficulty, you would be breaking even (without amortizing the miner) at about 9.7K/btc. Obviously, difficulty is likely to be higher in 7 months. $9.7K already for the most efficient miner? Wow... that's higher than what I currently thought. Of course I don't think mining farms pay nowhere near to domestic 10c/kwh but, on the other hand, they DO NEED to also amortise the machines and overhead costs or go bankrupt in the long run. not already, the question was for "after halving". NOW half or $4.85K or so. |
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How much must one bitcoin cost after halving to cover mining costs? Let's say in USA.
if you use the most efficient miner (S17 pro) and you use an average cost of electricity in US at 10c/kwh, then with CURRENT difficulty, you would be breaking even (without amortizing the miner) at about 9.7K/btc. Obviously, difficulty is likely to be higher in 7 months. |
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Hey, what is this IMPORTER number that bitmain asks if you choose FEDEX.
If it is Social security number, then no way I would provide that to a foreign site (that lost credentials before due to the hack).
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 via Imgflip Meme GeneratorBtw took this at home in my front yard Is this what bitcoinpshyco is taken?? second url snipped It’s a big F***er That's what berserkers took before the battle according to some. WO pals from central/northern Europe have got to have some berserker "blood" (aka gene variables) in them. PS some people think that it was rather Hyoscyamus niger that was responsible for berserker's rage. PPS in completely unrelated direction, I found "Berserker" sci-fi novel series by Fred Sabarhagen to be quite amusing. Something similar/parallel in content to the "Mass effect" games. |
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"I am not saying that it was aliens"...  |
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I'm amazed how many people still haven't figured out the 4-year cycle and hang on the daily price movements... I guess there's some truth to what they say, math is hard.
Although i agree with this thesis, but it is still unclear if it is as absolute as, say, spring/summer/fall/winter cycle caused by the tilting of the earth axis as it rotates around the sun OR a loose correlation that would eventually have diminishing effects. My take is that it still matters, but eventually it would not, or matter much less. Some people (not me) might surmise that the 4-year cycle effects are already small. We shall see, but a cycle that is out of whack would distort the trend. We almost went there this June. |
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I was gone for the weekend, bow hunting. I saw a decent buck at about 55 yards, took a shot, and missed. C'est la vie! Here are the poll results for posterity:  BONUS: Suggest the new poll! When will be the new ATH? Choices: Early 2020 Late 2020 Early 2021 Late 2021 2022 2023 2024 Never |
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Defining the upper bound: In 2012-13 S/F ( https://twitter.com/100trillionusd?lang=en) predicted $100-120, we jumped 10X of that, then declined to slightly below the trend. In 2016-17 S/F predicted about 4K, we jumped to 20K, which is 5X (or half of the prior cycle "excess"), then again declined to slightly below the trend. This time, S/F predicts either 55k (the original graph) or 100K (amended graph), therefore if the trend of diminishing excess would continue by cutting it in half at each halving, then the upper bound peak is about 250K (or about 137.5K if original numbers are taken into consideration). The follow up drop is expected to 40-50K from 250K OR to 27.5K from 137.5K. I doubt that PTB would allow us a smooth distribution at 150-250K. Probably a blow off top again. I am mentally preparing myself to sell a chunk within 50% of the top and be happy about it. |
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Lagarde speaks the same:
pensioners will be poorer;
bitcoin will save them
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Some things change. Some stay the same.
img clipped
What are you trying to say, hairy mcbary? Are you trying to say that we are largely "on track"? The real action will start in early 2021. On the accelerated model - I never agreed with it. That model puts us at $15k now and $50k in January 2020. It’s not going to happen. "That's just your opinion, man". I never agreed to it, either. We shall see, but my take is that we will get there (up to 50K) largely by the end of 2020 instead of 2021 (maybe not full 50K, but above ATH). HairyMaclairy
says that the bull will be late;
corn does not listen |
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“We should be happier to have a job than to have our savings protected,” said Lagarde.
Well, what about those who are 'out of the job' when they are of the retirement age?
They have nothing between them and the poor house, but their savings and some social programs.
What a pisser!
bullish for btc, though.
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Remember when the goal was to get 21BTC, which surely would put any of those folks who had been able to HODL onto that amount as being in a very decent position at $100k per coin, and now there are a lot of meme-ing around the random 6.15BTC goal, which seems to rely on BTC going much higher than $100k per coin in order to really be comfortable.
I guess that part of my point is that amount of BTC goals are going down and down and down. Of course, we have those who are either with a mediocre budget or are just getting in striving to get to 1BTC and more. There have surely been some of those folks participating in this thread. At some point, we are going to have peeps aspiring to get 1 million satoshis... or whatever other reasonable amount becomes our new deflationary goalpost point.
Oh man, how I love this post! Thanks JJG! That's a moving target. I just looked at official inflation numbers and it is a woozy. Basically, dollar lost about 50% in relative value since 30 years ago, therefore, to be "comfortable" in the future you need to take this into consideration, but it is very difficult to do since, historically, forward inflation values were not very predictable. |
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I looked at the bunch of charts this afternoon and PlanB/digitalik one's continue to impress.
The question is: if this is basically a co-integrated chart where btc is almost pre-destined to go to about 55-100K after this halving, then when to expect the rally?
Last time we were lagging in June/July 2016 at $500-700/btc when "theoretical" value jumped to about $4K.
It probably represented the best entry point as far as short term risk/reward ratio looking backwards a few years.
However, since now these charts were wildly circulated, one can expect a run that might peak actually at the halving or shortly thereafter, like in Nov-Dec 2020 instead of Nov-Dec 2021?
Hoping that price stays flat and there would be some instrument to buy btc in the retirement account. Don't want to "invest" in anything else there at the moment.
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^you guys have too much imagination...i see only some letters and numbers |
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I consider the OP's post a cry for help..a miner wants to mine and can't because of prices, etc.
I thought about the same and decided to get some via the paypal route.
No corn was harmed in making this purchase, lol.
If it does not work out exactly, then this is a risk that I am willing to take (for now).
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