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Attaboy CB... but don't slack. Sandwiches in due time. TYVM.
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Bad looking candle ahead.
Is it just the weekend?
I remember reading about an uncommonly large batch of options expiring tomorrow.
(Uncommonly large for a generic Friday, not the month's last one).
I vaguely recall reading about max pain being at 44k.
Can anyone confirm?
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If you're not political you should ignore the noise, uninstall Chrome/Edge/etc and support Firefox. Seriously, most of the other browsers are a steaming pile of garbage developed by the largest spyware company in the world.
This. I still manage to survive without Chrome on desktop. I've been a fervent Opera supporter/user until they switched rendering engine first, and eventually turned into just another Chromium variant. Firefox still feels like they have the user in mind. They're wrong about bitcoin, and maybe they're saying things for marketing reasons. It's hard to survive in the browser arena. I hope they stay afloat and the egemony doesn't turn into a monopoly. On mobile it's a different matter: The classic Android stock browser is still googleware - just like Chrome anyway. I'll use the latter since it works better. |
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Which means that, at the reference difficulty level, it can be expected to happen every 10,000 blocks * 10 min/block = 100,000 minutes.
That is, once in 70 days - or 10 weeks.
Definitely not a once in a lifetime event, if Philip's numbers are correct.
Once in 10k days, not blocks. Good of you to set me straight, @suchmoon. Hm, so Philip's numbers were correct, but apparently my lucidity was a bit off. I should really have left the math to the llamas. |
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Any mining expert can disclose how many machines or how much it currently would cost to set up a mining arrangement that produces 126 Terahashes (TH) of mining power?
1 th earns .2296 usd a day 10 th earns 2.296 usd a day 100 th earns 22.96 usd a day 126 th earns 28.93 usd a day1000 th earns 229.60 usd a day 10000 th earns 2296.00 usd a day 100000 th earns 22960.00 usd a day 1000000th earns 229600.00 usd a day 1260000th earns 289,300.00 usd a day just about 1 block if rewards were .15 btc as 6.40 x 44000 = 281600 so he earned about 10,000 days worth of coin rather than 1 best machines to get exactly 126 th would be say 3 antminer t17 units or 2 whatsminer m20s units. So basically it was hitting a 10000 to one shot. Which means that, at the reference difficulty level, it can be expected to happen every 10,000 blocks * 10 min/block = 100,000 minutes. That is, once in 70 days - or 10 weeks. Definitely not a once in a lifetime event, if Philip's numbers are correct. |
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Meanwhile, 7% inflation in U.S.
7%? First time since 1982? You have to be totally retarded not to buy BTC now!  ... or pennyless  |
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At a glance: we're still missing the last leg.
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Someone's getting fed up...  Ok ok ok, I need a liquidation cascade. Every day I check open interest and it's rising. Every day I check OI, high OI. I can't take this anymore man. It is what it is but I need a liquidation cascade. Can market makers do something?? https://twitter.com/WClementeIII/status/1481272914653630466EDIT: Just in case it's unclear, he actually means a short liq cascade. |
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Meanwhile, back over $43k! NoiseNiceFTFY  Very noice indeed. |
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I thought it was you who invented it... but at least you liked it enough to keep spreading it. @cAPSLOCK Bart, hmm, it's from back when BitMEX was number one. I did see it here first, but it doesn't mean much of course, since here is my first source anyway. (Some keen WO searcher might be of help for such important matters. Hm, this could be worth a shot.)@JJG I heard that those who invented "pump for ants" and "bart/debart" are shitcoiners in disguise and are here to destroy the WO. I wonder, who are they? If we only knew, they could be properly instructed and batslapped... O:-) |
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About overhearing, this happened to me yesterday.
A couple of kids of the very young and apparently clueless kind.
They're walking a few steps ahead of me.
I hear the word "cryptocurrency" and I tune my antennas in without even noticing.
I'm surprised that two guys like these would have a clue about crypto markets.
But they evidently do.
One says to the other: it's not even on Binance, I've looked for it! (shows phone to the other guy)
I tune my antennas out.
It sounds like they're talking about some shitcoin that Binance doesn't have yet.
Gaming token maybe? SAND? Whatevs. Kids.
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Bitcoin circle around which you turn bitcoiner from no-coiner  2-C BTC? |
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Y'all think it's a good time to short BTC now ? looks like 30k is inevitable at this point
a quick bounce can fuck you up if you use too much leverage tho
Perfect time to short Math and science, ask the llamas Advice: 80x #haiku |
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The plan has always been to inflate the debt away. But to do that in the "normal" way, you need to check your deficit, especially when there is growth, and only grow the debt in bad times. The US has stopped doing that, it was particularly glaring under Trump, crazy deficit despite an overheating economy (that was before COVID). I don't get why people "in the know", regardless of cryptos, are not feeling very uncomfortable with what's going on. It's clearly the case of the Fed, that why it's becoming hawkish, but if only the Fed is concerned, it won't be enough.
Have my last! |
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More fine #hopium https://twitter.com/cryptomanran/status/1480063160539402243The majority of the leverage in the market now is large shorts. We know this because price collapsed and the leverage didn’t. If we get a rally it could trigger the mother of all short squeezes. I’m talking $10k candles.
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I am always trying to attack my biases. And right now I am biased towards us not entering a crypto winter, as I have recently posted. BUT. I think I have found a scenario that might tend to undo my optimism... https://www.wsj.com/articles/fed-minutes-reflect-growing-unease-over-high-inflation-11641409628Inflation has the us Federal Reserve talking seriously about quantitative tightening. This means higher interest rates. And I think that could mean a few things: 1. The stock market is a goner if they do this. The reason we continue to see crazy upwards stonks is in great part due to the fact that they keep printing money and lowering interest rates. This could take some of the wind out of those sales. And those prices are so bubblicious already that it's hard to imagine anything but a bloodbath. 2. Bitcoin is currently seen (by most) as the king of risk investments still... so I would expect Bitcoin might follow the stock market. In some ways it's hard to say what they might do because they have painted themselves into a corner. Crashing the already limping enconomy in the name of stopping inflation? Or keep printing and shift into negative interest rates causing absolute explosions in risk assets and making a can of beans cost $4. Hmm... I kind of wish I had not had this thought... I was preferring the bullish mania I was in before...  I think this has already been posted here (or where would I get it from?), but Arthur Hayes depicts the same scenario. A good read as usual. https://cryptohayes.medium.com/maelstrom-ee6021e9d0c2EDIT: I prefer the bullish mania, too. |
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"Yes, but we can make up for that by making moar! Brrrrr! Bitcoin on the other hand has fixed cap... can't add moar... you see?" (Uh... wait a minute...) |
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last quarter mmpool.org hit 3 blocks of which I collected bigly. So I had to pay more for the last quarter than the first 3 combined. Had to redo all my tax moves due to the extra BTC
PILF Problems I'd like to fight |
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Tether? Ether? Neither!
BUMPER STICKER! Totally. WO cogders (Biodom too I mean) exhausted my merit supply, but it was JJG's no wordy adult English that gave me dee first startlening. |
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