when ever i feel anxious i like to think about reindeer  Hello BitcoinBunny, I wish I were Santa to have my sleigh pulled around by a six pack of such reind... ...oops not you, Bunny? I see, it's our resident analyst cat. Sorry  |
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O/T Finally fearing for her own political career -being "democratically elected" *cough appointed* into a position that had no opponents-, Ursula Von Der Lies, president of the EU commission, is scrapping the pesticides reduction bill, effectively binning all of (enemy of the citizens) Frans "Adolf" Timmermans' bollocks ideas. Ursula von der Leyen scraps pesticide reduction bill, in gift to farmers https://www.politico.eu/article/ursula-von-der-leyen-pesticide-reduction-bill-farmers/  Go Woke, Go Broke. I think she did a double flip, retracting the pesticide reduction retraction. I might have missed a few details though, it was too fast. |
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Crypto Fear Returns as FTX Moves to Dump More Tokens; Is Bitcoin Price at Risk?https://coinedition.com/crypto-fear-returns-as-ftx-moves-to-dump-more-tokens-is-bitcoin-price-at-risk/What?? I am SO afraid! Dumpy dumpy time? Oh noez... Imma gonna be pooooor Here are the terrifying details. FTX recently moved $3.32 million in tokens to Coinbase, Binance, and FalconX.
--snip--
Wallets associated with FTX and Alameda have moved eight tokens to centralized exchanges Coinbase, Binance, and FalconX. Per the disclosure, the moved tokens are worth $3.32 million
--snip--
Specifically, it transferred 1,000 units of ETH, valued at $2.3 million, to Coinbase. Similarly, FTX sent 4.43 million ALPHA tokens worth $411,000 to Binance.
Other cryptocurrencies, collectively valued at $609,000, moved for potential sell-offs, including Powerledger (POWR), Status (SNT), Orchid (OXT), iExec (RLC), Numeraire (NMR), and Nexo (NEXO).
So the ungodly amount of $3.32 MILLION have been moved!! Oh my god I'm terrified. And how many bitcoin? Hm let me check... oh my, oh my. ZERO bitcoin. This makes bitcoin price even more at risk amirite? Bitcoin isn't even mentioned in the text, only in the title? It looks very very bad indeed. We're going to zero, folks. WANKERS. Clickbait. I hope some North Korean blackmailer nukes their site.
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Some banks think that we are literally idiots:
Example: Wells Fargo sent out invites to join their premier checking account (an equivalent of a spending account).
Requirement: $250K in deposit and your bonus is $2500 and you have to keep $250K there for at least 90 days.
However, the interest on 250K is about $3312.5 in a money market fund in 90 days.
Question: why would I voluntarily gift WF $812.5 (and more if I keep the money there for longer than 90 days)?
In exchange for what? Well wishes?
The banks are starving They have a family too Gift them your money #haiku |
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Some banks think that we are literally idiots:
Example: Wells Fargo sent out invites to join their premier checking account (an equivalent of a spending account).
Requirement: $250K in deposit and your bonus is $2500 and you have to keep $250K there for at least 90 days.
However, the interest on 250K is about $3312.5 in a money market fund in 90 days.
Question: why would I voluntarily gift WF $812.5 (and more if I keep the money there for longer than 90 days)?
In exchange for what? Well wishes?
Banks are so poor. They need our help. Muh famili good sir... |
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...for some reason my phone put its name on the image...
Get a different phone. It's totally unacceptable for a phone to advertise itself on every email or image. There's a good chance they want you to identify yourself to even use the phone. Totally bogus. There's probably an option to avoid the stamp though? -- Sent from my CrapPhone I think you just need to go to the camera settings and turn off the "Watermark" option, and after that the pictures will no longer have any mark on them. What is much more problematic are the location tags on the photos, so if you are already in the camera settings, be sure to turn it off if you care about privacy. Thanks! There was a setting to turn "watermark" on and off. The thing is, I have taken hundreds of images with this phone over the last three years and it never once put that watermark on an image. Similarly, my wifi router decided to update its firmware a few days back even though I had it selected to "manual updates only". I found out when the tx rate to my laptop went for a shit (less than three Mbps). I logged into the settings page for the router to see what was going on and I was greeted by a fucking Captcha puzzle! My own local setting page was trying to make me do Captchas! I tried so many things to get it back to the way it was previously to no avail so I finally wiped it and started fresh. I spent hours on it though. I think the machines are sentient now and they're laying low while they organize but as with humans, there's always one or two assholes who can't stick to the plan and my phone and router are in that group. From what I read, this was on older routers but who knows? I guess I'd better look a little more deeply into this! I think open source router software might be the best option. At least, when there's an issue or exploit, the whole world knows at once, and a solution is usually found soon. Personally, I am a fan of OpenWRT. |
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...for some reason my phone put its name on the image...
Get a different phone. It's totally unacceptable for a phone to advertise itself on every email or image. There's a good chance they want you to identify yourself to even use the phone. Totally bogus. There's probably an option to avoid the stamp though? -- Sent from my CrapPhone |
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Chart 1 shows the back-test of the Redneck Fourier indicator for cycle tops.
How is the RF indicator defined/calculated? Choose a rate of increase and draw a straight line, like this
--snip--
The Redneck shows about when and where the market top is likely to occur, under conditions where bitcoin's price appreciates on that slope.
A straight line implies the RF indicator is based on the hypothesis of constantly exponential growth. Maybe you could sketch a TL;DR of your whole findings? |
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Ramble over.
I liked the "ramble" - but was it, really? Apart from the bet (0.01 is still a tad too much IMHO - didn't JJG suggest 0.001? Not sure, not important.) Oops ahem I digress, apart from the bet - the analysis seems lucid to me. It's not like we need down before up, but it happened so many times already. This time is different, though. Oh, just like last time, I see. And the time before that. Rhymes without repetition? Whatever. Pee-pare for up, pee-pare for down. If she goes to 200k overnight, I won't have time to complain (buying a couple lambos and securing a coop of hookers isn't work that does itself, folks! And don't get me started with the blow, it's gotten crazy with the supply chain!). That's all good for UPpity - but with this dubble pee-pare mindset, I am keeping some dry powder to scoop up loose corn when (if!) it gets moar cheeper. Call me stupid. |
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Swift kick to the nuts
Thats what Buddy needs to help
Motivate him good.
I would let her slide Till she meets a soft, firm ledge Down in the thirties #haiku |
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We might never go back to the incredibly wild swings of the past. Maybe we should get ready to just wild swings?
and miss out on the sheer terror of crazy price swings for no reason at all? jeez that would be boring. Wild swings? Not boring Degenerate bitcoiners Taste for suffering #haiku |
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for 2024 I tripled my dca amounts, and i did a little bit of guessing;
- I think that for this year my avg cost price will be about 45k$usd
- 2025 ATH will be about 140k$usd and with the next correction cycle the ATL will be 49k - 56k$usd range
My thought process is that I'm accumulating now in 2024 at the probably the next ATL range in 2026/7.
Im not overly concerned about avg cost price, and that was my biggest learning from 2023. I ran the numbers and I would prefer to have more btc and higher avg cost price, than less btc and a lower cost price.
I'm quite liking the resiliency of the btc market in light of all this etf stuff, i'm starting to think that this might disrupt the 4 yr cycle though in the future. I would imagine too that the skittishness of wall street may also cause deeper dips too, as much as people are bullish on new money entering the market, the money leaving the market could also increase. Is it about to get wilder in the wild wild west?
I have a hunch bitcoin volatility might decrease significantly with so many big actors in play. The next correction could be a little higher than your guesstimate of 49k-56k. Another factor pushing in the same direction: each halving has a decreasing weight. Miner income appears to be shifting from block rewards to transaction fees already. We might never go back to the incredibly wild swings of the past. Maybe we should get ready to just wild swings? |
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Fuck you status has nothing to do with Bitcoin or fiat money.
It's all about attitude.
Just stop worrying about money and things.
I did it in 1976. It's actually easy. Just stop worrying.
Sure, sometimes it can get a little dicey but in the long term it'll work out.
Yeah you might have to go for a day or two without eating. Don't worry, you won't starve to death.
Don't be a crybaby. Everything's fine.
"I DGAF" It's not for just anyone Real rock'n'roller! #haiku |
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...wondering if we're not going to re-test $40k at this rate.
or 30k Split the difference? |
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Could you provide more details on how Chartbuddy visualizes the change in market depth over time?
I'm particularly interested in understanding how the bids and asks are displayed, and how the concept of 'walls' in the chart helps in assessing market sentiment or potential market manipulation. Additionally, how does the chart handle the spread, and what role do the world times play in this context?
Copyleaks: AI Content Detected Hive: 92% likely to be AI-Generated Sapling.ai: 100% Fake  Hey, I just realized something: these BitVest dipshits are getting paid to post in this thread. That explains a lot.  Good of you to raise flags, @nutildah. I didn't even see that post, because I'd put that entity on ignore already. Can't remember why.  |
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Exactly three lines
must cut a long story short
or it's no #haiku
#meta-haiku
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I set my buys a bit too low oh well
40,404
39,398
Maybe we get these.
Maybe not.
There's this theory by British Hodl that the big buyers are on the sidelines with a few billions waiting for GBTC to bleed out completely. The commission is 1.5% yearly, while the new ETFs have undercut each other and the cheapest of the lot are at 0.15% - one tenth of GBTC's management fee. So GBTC customers will get out of there to get in some cheaper ETF. The buyers are just waiting for this wave of sell orders to reach a price bottom. Here's the British Hodl guy explaining this in 17 minutes on YouTube: https://www.youtube.com/watch?app=desktop&v=reELJVofC3IA thank you goes to @cAPSLOCK for pointing me to it. Who's at 0,15%? Cheapest that i know of is Franklin EZBC at 0,19% Looks like GBTC had to sell another ~2.000BTC on the 12th or another day of -$88MM outflows, don't have inflow data for the 12th for other ETFs, anyone has a convenient source? There's still over 617k BTC in GBTC hopefully after first week majority would wash trade into other ETFs to save on the fees. Some of the new ETFs have waived their fees down to 0% with either a temporal horizon (Come in! First year free!) or a capitalization threshold (Come in! Free until we reach x billions). The linked video details some of them. |
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just had a buy pop at ~41.5k
this ETF stuff is like the most awesomest thingie ever..
I set my buys a bit too low oh well 40,404 39,398 Maybe we get these. Maybe not. There's this theory by British Hodl that the big buyers are on the sidelines with a few billions waiting for GBTC to bleed out completely. The commission is 1.5% yearly, while the new ETFs have undercut each other and the cheapest of the lot are at 0.15% - one tenth of GBTC's management fee. So GBTC customers will get out of there to get in some cheaper ETF. The buyers are just waiting for this wave of sell orders to reach a price bottom. Here's the British Hodl guy explaining this in 17 minutes on YouTube: https://www.youtube.com/watch?app=desktop&v=reELJVofC3IA thank you goes to @cAPSLOCK for pointing me to it. |
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Hey,
Looks like the ETF approval hasn't made him wake up, come on, it's time to wake up guys..
Who, Proudhon? |
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Did you do it yourself, or is it a repost from somewhere else? Think planB repost Withheld my merit Next time, it's my ignore list Thanks Duderino #haiku |
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