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China ban, again
They change the wifi password
Daily dose of FUD
#haiku
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Pool plebs probably do, but I doubt they matter much in the grand scheme of things.
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Something is up https://www.bitrawr.com/difficulty-estimatorLatest Block: 711654 (12 minutes ago) Current Pace: 47.4676% (7 / 14.75 expected, 7.75 behind)Previous Difficulty: 22674148233453.11 Current Difficulty: 22335659268936.39 Next Difficulty: between 11303551648240 and 22185553733226 Next Difficulty Change: between -49.3924% and -0.6720%Previous Retarget: Today at 5:20 AM (-1.4928%) Next Retarget (earliest): December 12, 2021 at 7:55 AM (in 14d 0h 7m 12s) Next Retarget (latest): December 27, 2021 at 5:12 PM (in 29d 9h 23m 36s) Projected Epoch Length: between 14d 2h 34m 40s and 29d 11h 51m 4s -50% is wild and if it continues it can be an indicator of a large price drop to come. BTW this pattern does not match 2017-2018 so maybe things are different. If it means we meander about in 2022 much like 2021 it works for me. Of course we are just starting and it could be freak luck. Could this be tied to miners relocated from China to Kazakhstan having energy problems? |
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It’s dead.  Death by covid. Bear market, sure. CNBC know what they're talking about, It's obvious. |
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You think? To me it's a strange coincidence for this to happen on this very day. One in 30 chance, more or less. Bayes theorem no?
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It would be oh so nice to fuck back these option fuckers. A form of gamma squeeze like what happened with GME, or something. Buying a full bag of lowish strike puts, just to stop the bearwhales from fucking with low prices. it takes knowledge and a shitload of money though.
I just hope they pick up their last penny while hearing the steamroller arriving slowly... only this time it's running like hell. Hurt them for good at least once, and likely they'll remember for a long time. Are individualistic, libertarian bitcoiners really worse than Reddit apes when it comes to coordinated tactics?
Time is on our side anyway, yes I know - but I am rightfully pissed off.
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Are there any good thanksgiving movies you guys can recommend?
Sadly I find the Bitcoin 1 minute chart quite entertaining Candles down and up Hearts beating in unison Should we get a life? #haiku |
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Some peep (not a bot!) was waiting for some kind of rampening up before calling the parabolic leg. Could noob floods count? Perhaps? Perhaps?
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I really know nothing about technical analysis (nor science or confirmed sources).
But at least you know some math, surely? |
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Sensors picking corn CCMF action coming soon to a chart near you!
Thank you, proudhon.
BTW, there are several WOers that I'd like to meet IRL. You can hate me for this, but proudhon is one of them.
It'd be fun to meet up. Maybe at the next $10,000 bitcoin party? You misspelled $1,010,000. I think he really meant $10, with 3 decimal places. . . . . ... per sat. |
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This is a bear trap...
Just sayin'.
Strap in? Or Strap on? Pick your fav I guess...
Just quoting as a reminder... One last reminder. You all strapped? I guess some like to strap in, some to strap on.  size=1pt
Lol I could eat these words, but I am 90% sure we are going to see a rather violent turn pretty soon...
Did you write them in size=1pt so they would be easier to eat?  (And for what it's worth, I feel in a similar way.) |
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I have extracted a large amount of cash already & have some corn on an exchange which will be sold this year too. I’m waiting for hopefully better prices before the bull run ends on them though.
My cash goes into stablecoins to earn 10% apy or more. That sounds like a plan. I like this. |
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I think that bitcoin cycles are already largely diminished, therefore the price dynamics will follow a random trajectory with a trend up, but we are not going to get an average of 200% per year anymore (maybe 50-100%).
I, too, a few months back suggested that the halvings are getting less and less relevant. Of course I didn't have this insight myself - it's something I read during the 2017 bull run. I got picked by a few fellow WOers, and there was a little discussion - quite civilized actually, no flame wars. After all that, however, I'm still not sure how "relevant" the last halving is going to be. Some seem to think this bull is over, and we won't go parabolic this time. Could be, yes. But I think we should see at least a few indicators (RSI for one) point to overbought territory before the fat lady sings. Can you edumacate yours truly, and perhaps some others in dees here parts regarding how you might consider RSI to be relevant to dee honey badger? Maybe you could paint some potential scenarios or something? OK, some edumacatening. I don't consider RSI to be terribly relevant to the honey badger herself, but it is a decent descriptor of buyer vs. seller behavior. Such behavior could indeed be considered relevant to the least resistance price trajectory for honey badger like creatures - although they are known not to give a fuck (or a ratt's ass, as someone used to say). I'm not proposing new models or trying to improve old ones - but I can offer a rephrasening. Even if we don't go parabolic before this bull ends - so, no blow off top, no breathtaking 4x-5x - I think we are not done yet. If we were, we would at least see an excess of eager buyers chopping wood and putting it on the fire that inflates the balloon. So the RSI should go up - meaning too many buyers too quick - if the bull is really done with. RSI is nowhere near alartmingly high levels. So let's wait the end of this month and let's see what happens after options expiry, Thanksgiving, and Black Friday. |
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Fuckers everywhere India is the new China They're banning bitcoin #haiku |
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My point was, when a certain valuation threshold is reached, there are certain institutions that will be forced into purchasing in order to reduce risk, hence $60K holding for so long earlier in the year imo. The market was overvalued but remained as such for 3 months around $50K-60K, much longer than many expected. Whereas previously consolidation at such overbought levels is unprecedented for BTC.
This is some tasty insight. +1 WOsMerit |
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I think that bitcoin cycles are already largely diminished, therefore the price dynamics will follow a random trajectory with a trend up, but we are not going to get an average of 200% per year anymore (maybe 50-100%).
I, too, a few months back suggested that the halvings are getting less and less relevant. Of course I didn't have this insight myself - it's something I read during the 2017 bull run. I got picked by a few fellow WOers, and there was a little discussion - quite civilized actually, no flame wars. After all that, however, I'm still not sure how "relevant" the last halving is going to be. Some seem to think this bull is over, and we won't go parabolic this time. Could be, yes. But I think we should see at least a few indicators (RSI for one) point to overbought territory before the fat lady sings. |
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A sudden candle
Hodling hearts beating faster
Power of the corn
#haiku
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TL;DR: I am not salty! I am sour and bitter. I'll be the contrarian to other uber-bulls here and agree that currently price is having a dead cat bounce on the 4hr chart, nothing else has confirmed otherwise other than doses of hopium. A death cross was confirmed yesterday (as circled) while previously price was perfectly rejected by the VPVR point of control. For sure, so far it's only a DCB.  But yet again you fail to look at the bigger picture. Yes price has failed to reclaim the 50 Day MA, and therefore am anticipating further consolidation or downside before further upside, in order for this mid-term MA to flatten out and shed bullish expectations short-term, but the Daily/Weekly charts remain bullish. The 50 Day MA remains above the 200 Day MA, so as long as price holds $46K, price remains bullish long-term.  Price hasn't even re-tested previous resistance level of $53K either, which in a bull market the expectation would be turn into new support (just as $40K turned into new support). Obviously we are below the shorter-term distribution zone around $61K-$62K, but this distribution volume looks insignificant compared to the longer-term accumulation below...  A contrarian opinion, loud and clear. A bold statement in these bull territories. Detailed and documented. It doesn't suit my taste, though. I'd prefer a dash of hopium. Oh well, whatever. +1 WOsMerit |
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You just earned your first
+1 WOsMerit
That is the stuff of legends. Everyone can sport a few boring merits, but WOsMerits are for the 1337est of 1337!
I am sorry, I didn't get it. 🙂 You will, in due time. For the time being, if you don't believe me or don't get it, I don't have time to try to convince you, sorry. OK, so maybe you deserve an explanation. WOsMerit is a form of merit that only lives in this very thread--which as everyone knows is the best thread in btctalk. It was invented by Toxic2040 after the "boring merit" system was established. It is used when ordinary sMerits are either not available or unsuitable. The last sentence quoted in my previous reply is too famous here for me to even think about getting away with plagiarism. Indeed, I was busted instantly by Syke! Right on the following post... ouch!  |
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