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 |
|
|
|
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. |
|
|
|
|
A sudden candle
Hodling hearts beating faster
Power of the corn
#haiku
|
|
|
|
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 |
|
|
|
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!  |
|
|
|
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.  |
|
|
|
I've always wanted to know but never asked - where does this meme come from? On December 5th, 2011, episode 14 "Malibu Beach Party From Hell" of season two of The Real Housewives of Beverly Hills reality TV series premiered in the United States. In the episode, cast member Taylor Armstrong cries during an argument, with cast member Kyle Richards attempting to calm her down.
On June 19th, 2018, Tumblr user deadbefordeath posted a photograph of a white cat with a confused expression sitting in a chair in front of a plate with vegetables in it, titling the post "he no like vegetals." The post gained over 50,300 likes and reblogs in one year.
On May 2nd, Twitter user @lc28__ made the first known meme based on the format, gaining over 20 retweets and 180 likes. On June 2nd, 2019, Redditor PerpetualWinter made the first known object-labeling meme based on the format, gaining over 310 upvotes in one month. You can read the full article from the link I provided. Or you can search Women yelling at a cat. Source: https://www.google.com/amp/s/amp.knowyourmeme.com/memes/woman-yelling-at-a-catYou 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've always wanted to know but never asked - where does this meme come from? |
|
|
|
I've stopped arguing with "Schwurbler", I think that is what vaccination opponents are called in your country, but this Nazi comparison still gets my goat. Unpackbar.
Fine. I stopped arguing about topics with people that stopped arguing about topics. I still value your opinion and i also understand your point. EDIT: You could have looked that up for yourself: Schwurbler explanation (german). I also don't like it when people reduce anybody with a different opinion to a single word. The current meaning of "Schwurbler" is a trending term for "Querdenker". I don't consider myself anywhere near those. But it's always easy to fall for prejudice, which is exclusive to humans. It was not my intention to reduce you to a single word, sorry for that. Your Schwurbler definition is wrong. Not all Schwurbler are Querdenker, but all Querdenker are Schwurbler  Please feel free to continue researching the word +1 WOsMerit each. |
|
|
|
Yeah, the situation used to be: smoke a week ago, get pulled over while driving, take a test, fail because you have teeny tiny traces of thc in your bloodstream
More likely in your piss. Cannabis metabolites in blood don't last that long. |
|
|
|
Bulls are anemic
Selloffs have retail volume
What does this show us?
#apocryphal_haiku
Bears painting the tape Let's make TA great again Ban OTC trades #haiku |
|
|
|
Much activity ahead of options expiry date tomorrow.
Bears happy at $58k,
I think the "important" options are monthly though - expiring on the last Friday of the month. |
|
|
|
Can't disagree with any of the above. Regarding Bitcoin units, I've also thought about the vast gap between BTC and sats (that's an 8-orders-of-magnitude gap -- it's massive). It's not so convenient to use 0.021 BTC, but neither is 2,100,000 sats. Perhaps we could say that we are currently in a no-man's-land kind of level in between the units... Some have tried to use mBTC, μBTC, and so on (proudhon would probably like that -- math, science and all). In those units, 0.021 BTC = 21 mBTC, which is quite nice. For some reason, though, those units never took off... I've always liked mBTC as a unit: when I joined Bitcoin, it was worth about €0.20. Now it's worth just over €50, but it's still a convenient unit (for "daily" expenses). I don't like for instance 0.00003 BTC, and I don't like 300000 sat for the simple reason it's annoying to count the zeros. With mBTC, anything from a coffee (0.05m BTC) to a jacket (2m BTC) has a convenient small number. My assumption has always been Americans don't like milli because they're not used to SI, but "here" it's quite common to use "m" for anything from volume to distance. It's the default now in Electrum, but for LN sats seem to be used more often. I concur. I also like mBTC over all other units, including sats. I pushed my agenda here, looking for a marketing-friendly name (a "Finney" could be a bit too much of an inside reference, but I did like it), but even seasoned OGs like the WOers more or less dismissed the idea as worthless. I was hoping a nice name* could help retail step in. It just didn't happen. I'm still thinking if retail was massively in, even at the mBTC level, fuckery with illiquid exchange books could be a lot harder to pull off. * As in "I just bought 2 whole finneys!" vs. "I bought a paltry 0.002 btc" vs. "I bought 200.000 shitty sats" |
|
|
|
I am Just Wondering "How The Heck This NoCoiner Got 20 Merit From a Single Post?" I am here for the last five years and trying to get at least 100 Merit. But I am failed.  Actually, your account is four years old. And the merit system is younger than that. Psst... Eddie... I know it's been a blur of "WTF!?!" lately, but it IS November of 2021 now. Jest Sayin...Which makes it... hm... 4 years and 1 month, give or take a few days. Just sayin'. |
|
|
|
Rugged again haha. What a shit coin. Are you suckers really going to hold through another crypto winter? The writing is on the wall, sell before it gets worse.
Aren't you the most insightful of nocoiners that I never did meet?
He's not a nocoiner. He's got a few sats in the address in his profile, and he's hodling them. I am Just Wondering "How The Heck This NoCoiner Got 20 Merit From a Single Post?" I am here for the last five years and trying to get at least 100 Merit. But I am failed. Actually, your account is four years old. And the merit system is younger than that. |
|
|
|
As a creditor I expect nothing until what will likely be June/July 2022 and that's me being optimistic.
Sounds like nice timing. We could use that event to buy juicy BearDips... |
|
|
|
Proudhon usually shows up just before prices soar again. Hoping to see him soon.
That's the theatrical effect indeed  |
|
|
|
China's final, final, final ever, Bitcoin ban honestly.
It's the end of Bitcoin again.
Works every time, Baa Baa better panic sell now!
Cue enter Billy and Proudhon full of glee.
1. CHECK Rugged again haha. What a shit coin. Are you suckers really going to hold through another crypto winter? The writing is on the wall, sell before it gets worse.
Like clockwork. Proudhon is too funny to arrive reliably on cue. He might make the audience wonder for a bit... building expectation for some theatrical math&science effect. |
|
|
|
I got about half way through your post, dragonvslinux, while attempting to decide whether I was going to quibble, and I had realized that there was something that was just off...
(3702 words total, 22.557 bytes w/spaces)
... By the way, can we stop talking about that bullshit coin in this thread? There are other threads on this forum (and even other forums) for that.
JJG back to old JJG volume for a change. Quality quibbling. Oldschool elbow grease. A peep. This is not AI. #haiku |
|
|
|
My first year  |
|
|
|
|
Show Posts
