Mic Saw this and thought of you  I need to ask. Why the two satellite antennas oriented towards ground? ..the signal bounces off the parked cars? repeater station in the subway? or...this is an alternative universe..look, they even parked on the "wrong" street side, lol |
|
|
|
re that facebookcoin thingie...
basing on what i read...did not read the white paper yet...
They said that it is 'backed' by currencies and/or gov bonds, but the question is to what proportion.
If it anything less than 1:1, then they are acting like a bank without being officially a bank (no bank license).
French already raised a question about it.
The question of sovereignty also came up.
There are much more questions about that point: - They say it is a (somewhat?) stable coin, but as soon as they are backing it with a basket of different assets/currencies the price MUST fluctuate. - If the value of the underlaying assets fluctuate does the price gets set by them according to that estimated recalculated value? If so, every second? minute? hour? day?... yearly? - If they don't set the price then exchanges should exist for that. Once the coin is tradable no matter what the real value of the underlaying assets is the price could fluctuate heavily in relation to its real value (pumps and dumps). In conclusion, the pricing thing alone will be a complete nightmare and shitshow. Other day we could talk about security... as in.... even if it is backed by real assets in custody... what happens if, for example, facebook gets a massive hack in which millions of users get their wallets emptied? What if they mess up with the emission in relation to the backing assets? Bitcoin has a clear distance from that sort of incidents (even if they impact it in some way each time a big hack happens) but in this case? The shit will be all over the place. The more I think about it, it would have been safer for them to just implement a multi-crypto wallet into their network and distance from the coin/s used instead. We will see. yes, good points. i also mentioned local currencies instability here: https://bitcointalk.org/index.php?topic=178336.msg51493595#msg51493595Basically, libra (which would be based only on usd, eur, pounds and yen) would decimate local currencies. If used broadly, why would anyone use local? Binance research suggests something similar, but in a wrong direction. |
|
|
|
|
re that facebookcoin thingie...
basing on what i read...did not read the white paper yet...
They said that it is 'backed' by currencies and/or gov bonds, but the question is to what proportion.
If it anything less than 1:1, then they are acting like a bank without being officially a bank (no bank license).
French already raised a question about it.
The question of sovereignty also came up.
|
|
|
|
|
facebookcoin and/or jpmcoin= E-coin (from Mr Robot), or will try to become one.
Modi is trying to ban btc? LOL.
He would be surprised (or not ) by what facebookcoin (if successful) might do to the rupee (BTW it is already roughly half of it's value in 2007).
Same goes for at least a few other large fiat currencies (australia, south africa, canada, mexico, korea, turkey, etc.).
|
|
|
|
Tesla is actually working towards 1M miles lifetime on drive-train and battery. They also provided battery upgraded for the original Tesla roadster, long after it ended production. They are not there yet but at least they are trying to build long lasting cars instead of frequently selling replacement cars.
Model S is about $20-25K overpriced over BMW Model 5. Maybe too much of a premium. Model 3 is too small, feels like a Civic inside. I almost bought one (Model 3), but thinking about something else now. I guess I didn't because of all this nonsense about a car without a wheel, car that goes off to earn (like a hooker) and other verbiage from Musk. It really turned me away for now. Vegeta is back? I missed it for a couple of hours. I think we all can agree that the dollar can't continue any further. But BTC taking over, right now I would say is a 50% chance. Since I doubt they will leave it to the people. It's why Globalcoin and JP Morgan coin are in place.
There are weaker OECD currencies out there than the $. |
|
|
|
9.3k and we are still 1 year and 3 months away from the bullrun  My only minor concern if we go up too much, too fast is a massive dump. I’d like the usual cycle to play out as it is supposed to, slowly climbing before a parabolic rise. Aimed at HM - Is the fractal still likely to be followed even if we go up rapidly now, as in are we likely to hit 6 figures in 2021 even if we go up rapidly now/early? It’s just a guide. And the guide is telling us right now we are high, hot and fast. But the numbers are not unreasonable - we are still below our target price for the halvening. So no, I don’t think the fractal has been broken at a macro level. It is reasonable to expect some pullback in July and August. But I sure as hell would not short this market or try to sell local tops.  Well, right now I am of the opposite opinion. Simply put, this cycle will play out differently, but let's wait for July/August. There is no law that says that we cannot peak earlier since mass participation could overwhelm the current absence of halving effects. Some people keep talking about long bear cycles as well (that might follow the halving of 2020 or 2024). My last buy (apart from regular smaller monthly DCAs) was at $4200. Leverage is not for me due to prior experience with margin in stocks. One prediction, though: if stock markets will go down hard (which I don't expect yet), bitcoin will not be able to resist the trend, halving or not. |
|
|
|
|
I am sorry to bring it up, aren't we below 9k again?
We'll see tomorrow.
|
|
|
|
It's not easy taking a BIG ASS cut in your networth,
Truth you speak, young padowan - but with practice, easier it gets. For once, I don't want to "...become an old man, filled with regret, waiting to die alone.” We don't have to be like Jessie L., who probably has a record of gaining and losing large fortunes. One time he even busted a trust fund, somehow. I think that WO crowd would be a seller from 20-30k to whatever. Those (plus OG) bitcoins would allow newcomers to gain exposure. Just don't sell more than 70% total, EVER. I doubt that very many OG wall observers will be selling many coins in the $20k to $30k range, except perhaps to skim a few off for insurance. Selling up to 70% seems a bit much, but I do believe some WO OGs are willing to sell that high of a percentage for a variety of individualized reasons which may or may not be well thought out, except thinking or hoping to buy back lower.. which may or may not play out. Ahem, NOT for 20K to 30k, but rather from [20-30K] to Whatever (50,60,100, 150, 333, 400K). I am also very confident that if we "pop" to, say, 25K, then start correcting downwards, many WOers would sell at least a portion. They would not want to bear a possibility of a second trip downwards. It would be hard to resist. A similar situation played out in 2017 when we went to 1300, then corrected to 870 or so. Lots of selling. It may not matter too much, but I think that we have differing ways of spinning this whole matter in order to arrive at our conclusion. Personally, I recall that there was a whole hell of a lot of hype about how many folks would be selling in the $900 to $1,500 price arena, but in the end, we largely went through that price arena like a hot knife going though butter, in spite of the mucho hype about the selling that would take place. Sure, in January 2017 we passed above $1k and in March 2017, we revisited sub $1k like you said, but in my thinking there continued to be way more hype about down than was able to be such sustained...l which is likely going to be similar this time around too... which is a lot of dumbies and weak hands are going to be shook out of their coins in that price arena... but the vast majority of the more experienced HODLers are not likely to sell many, if any, coins around that area.. and won't be shook from their coins, inspite of the then anticipated hype... and I doubt that there is going to be fear about revisiting low prices - like the nonsense that Vinny lingham was spouting out in March 2017... which did not play out, even though some gullible folks listened to him and sold their coins. I probably agree with 90% of the above. Vinny did cause much selling, didn't he? Well, nobody knew back then if he was spouting nonsense or really had an insight. Only later we knew that it was the former. Personally, my dream scenario would be a situation where btc literally follows the S/F graph. Sharp up, then quasi-stable for years. It's the best for slowly "skimming". Last time it was just too fast on both slopes. |
|
|
|
.. which may or may not play out.
exactly say I had managed to time the top and got out at 17.5 last time, which would have been a pretty good trick to hit that 5 day window, sure as shit it would have run to 45 and this dip would have bottomed at 18. That's why selling at the right time is so hard (last time it could have easily been either 15K or 30K). |
|
|
|
It's not easy taking a BIG ASS cut in your networth,
Truth you speak, young padowan - but with practice, easier it gets. For once, I don't want to "...become an old man, filled with regret, waiting to die alone.” We don't have to be like Jessie L., who probably has a record of gaining and losing large fortunes. One time he even busted a trust fund, somehow. I think that WO crowd would be a seller from 20-30k to whatever. Those (plus OG) bitcoins would allow newcomers to gain exposure. Just don't sell more than 70% total, EVER. I doubt that very many OG wall observers will be selling many coins in the $20k to $30k range, except perhaps to skim a few off for insurance. Selling up to 70% seems a bit much, but I do believe some WO OGs are willing to sell that high of a percentage for a variety of individualized reasons which may or may not be well thought out, except thinking or hoping to buy back lower.. which may or may not play out. Ahem, NOT for 20K to 30k, but rather from [20-30K] to Whatever (50,60,100, 150, 333, 400K). I am also very confident that if we "pop" to, say, 25K, then start correcting downwards, many WOers would sell at least a portion. They would not want to bear a possibility of a second trip downwards. It would be hard to resist. A similar situation played out in 2017 when we went to 1300, then corrected to 870 or so. Lots of selling. Regarding apartments, etc....what's the point (apart from endowing your descendants) of keeping btc and not spending it? Apartments in NY or San Fran (with a view) sounds good; something small in a nice wooded area (Oregon or British Columbia) and/or tropics is also interesting. I am for spending [a portion] at the right time. New generations have to (mostly) work their way up, not getting trust funds from their daddyo's. |
|
|
|
It's not easy taking a BIG ASS cut in your networth,
Truth you speak, young padowan - but with practice, easier it gets. For once, I don't want to "...become an old man, filled with regret, waiting to die alone.” We don't have to be like Jessie L., who probably has a record of gaining and losing large fortunes. One time he even busted a trust fund, somehow. I think that WO crowd would be a seller from 20-30k to whatever. Those (plus OG) bitcoins would allow newcomers to gain exposure. Just don't sell more than 70% total, EVER. |
|
|
|
Thanks, Bob. Bullish  In other news: interesting discussion on facebookcoin vs bitcoin: https://www.barrons.com/articles/what-facebooks-cryptocurrency-push-means-51560539185I agree with the following: “There’s just not any innovation in it,” says Gabor Gurbacs, director of digital asset strategy at VanEck/MVIS. “It’s just Silicon Valley’s ongoing attempt to take bank profits from the financial services industry to Silicon Valley.” In addition: A spokeswoman for the Senate Banking Committee, which sent Facebook a letter last month with questions about the service, said Facebook has not yet responded to its questions. I don't see how anyone can tolerate a single company non-public pseudo cryptocurrency. Apart from being introduced by an entity with 2.4 bil users, it is basically the worse of both worlds (crypto and fiat). Taken at face value (pegged to a fiat basket), it can literally destabilize dozens of smaller local currencies because given a choice, NOBODY will conduct in them vs some combo of main currencies. |
|
|
|
Thinking we're due for a small pullback.
If Gemini allowed for shorting, I would likely contemplate taking on a small short position at this point, with the funds that I'm fucking around with on there.
something is definitely changing on the market. most of the alts are going down against bitcoin today. looks like profit taking may have started there. the question is if it will push bitcoin higher yet, or hedging/profit taking takes place in btc too. but shorting seems to be too risky to me, at least for now Apart from fundamentals (they should go down anyway), it's most likely Binance news. Hey Bob, do you still want to sell some at 11K? My current thinking is that the prior bull move (from prior ATH to current ATH) was $1160 to $19891. Fib 61.8% retrace of the move would be about $12375 (50% would be $10525). I believe that $10525 would be too early to rest because FOMO would kick in around there. |
|
|
|
Reading WO lately...maybe something you can find from the link that we can adopt: https://getpocket.com/explore/item/38-wonderful-words-with-no-english-equivalentMy favorites: 16. Lagom (Swedish) Maybe Goldilocks was Swedish? This slippery little word is hard to define, but means something like, “Not too much, and not too little, but juuuuust right.” 37 & 38. Schlemiel and schlimazel (Yiddish) Someone prone to bad luck. Yiddish distinguishes between the schlemiel and schlimazel, whose fates would probably be grouped under those of the klutz in other languages. The schlemiel is the traditional maladroit, who spills his coffee; the schlimazel is the one on whom it's spilled. 5. Backpfeifengesicht (German) A face badly in need of a fist. 15. Fremdschämen (German); Myötähäpeä (Finnish) The kinder, gentler cousins of Schadenfreude, both these words mean something akin to "vicarious embarrassment.” 19. Bakku-shan (Japanese) Or there's this Japanese slang term, which describes the experience of seeing a woman who appears pretty from behind but not from the front. 28. Boketto (Japanese) It’s nice to know that the Japanese think enough of the act of gazing vacantly into the distance without thinking to give it a name. 32. Hygge (Danish) Denmark’s mantra, hygge is the pleasant, genial, and intimate feeling associated with sitting around a fire in the winter with close friends. |
|
|
|
It can't stay above 8K (today and for a few weeks already). Who knew that this number would become such a nuisance  . |
|
|
|
|
What is that DT1 that ya'll celebrating?
I honestly don't know.
Must be something important.
In this case, congrats.
|
|
|
|
I don't share the author's optimism that it would be good for bitcoin. Neutral at best, in my opinion. In addition, it could cause economic instability and will be most likely banned in a many countries, like China, India, Russia, etc. |
|
|
|
Weekly close looks very ugly and points to a trend reversal.
We might revisit 6k range in the coming weeks/months.
We might and we might not, lol. Im more on the bearish side right now. 65% going to 6k vs 35% going to 9k. Im looking for a short entry here. Could be. Your odds seem in the ballpark of reasonable, even though I continue towards 50/50 thinking because I hate to make any bets in the way that I approach my BTC holdings (which I prefer to assure that I am adding to my reserves, rather than gambling that I may or may not add to my reserves). Anyhow, I merely buy if the BTC price goes down and sell if the price goes up. Seems safe, no? In this case, I have already sold all the way up to $9k, so in recent times I have been put into buying mode, so my buy orders have been executing as the BTC price has been going down. Seems to work a lot better than trying to guess, and even if I were to have more confidence - such as something above 60%, which you seem to have, and even if you are guessing in a kind of reasonable way, to me, it seems as if you are betting too... because one thing is to close a long by selling a little bit of BTC, but another extra risk is to add leverage onto the situation by entering into a short position (which is what you said that you are doing)... too scary for me, and too much gambling for my risk tolerance temperament in terms of my preference to preserve what BTCs I have worked so hard to accumulate over the past 5.5 years. That slow buying is easy, however slow selling is more problematic, especially since some coins you bought 5.5 years ago, although it depends on whether you use FIFO or LIFO accounting (the latter is simpler, but maybe less common). FIFO would guarantee at least long term cap gains status, which is much lower in US vs short term gains that are taxed by your tax bracket. In addition, in a case of an old coin sell, properly splitting off at least 3, maybe 4 meaningful forks is also an annoying task. |
|
|
|
hey, I am getting different numbers . If lows were $180 and $3000, for argument's sake, then next projected (proportioned) low would be $50000. If 50000 is a low after a 85% decline, then next peak is at $333333 instead of $175000. |
|
|
|
|
Show Posts
