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Until a couple of days ago, I was expecting some kind of swing action between 14.5k and 16k, possibly until the end of the year. Now I see similar patterns on the hourly, the 4 hour and the daily: higher highs, lower lows. Nothing exact, of course, because she follows her own rules anyway. So it's strictly SOMA, but this could be the bull run we've been waiting for a while. I don't mean the ultimate bull run (will there ever be one? I suspect and hope not), but something echoing 2017-2018, with unexpected* highs in late December/early January, and a sensible correction soon after that. We'll know soon enough I guess: as soon as the past ATH is broken, it's going to be FOMO all the way.
* speaking from a normie POV
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Hey Dude, your food pics were so sexy... but the would-be haikus look a bit contrived  |
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15k stable
end of year brings ATH
time to change my hat
#haiku
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Higher lows ebbing
not a breakout: it's steady
higher highs pending
#haiku
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Thanks for the invitation, zasad@. Your message caused me no inconvenience. On the contrary, I have been away from bitcointalk for a while, and your interview gives me a good pretext to show up again. However, posting outside WO makes me a bit giddy.
1. When and why did you become interested in cryptocurrencies?
Individual rights and privacy have always interested me, so I happened to read the occasional snippet about bitcoin quite early. It might have been when I was looking into installing some form of PGP on a Windows system, I'm not sure. But I didn't go deeper for at least a year, maybe more.
2. When and why did you buy your first bitcoin?
Later on.
3. How did you get on the forum?
I used a browser.
4.1. What prevents mass adoption of cryptocurrencies?
Nothing prevents it. Sure, there are factors that are delaying it. First off, I'd say inconvenience of use and legal uncertainty.
4.2. How do you think mass advertising of gambling projects has a positive effect on the development of the forum or harms the community?
I don't know enough about it to have an informed opinion.
4.3. How do you consider whether 2-3 years of experience in cryptocurrency is enough to successfully invest or does an investor need to receive special education?
As long as the investment is buy-and-hold some bitcoin, 2-3 years are overkill. Buy-and-hodl, on the other hand, takes quite a bit longer.
5. What do you think of the current Merit system and signature campaigns? Do they harm the forum?
I think it's a good thing. Spam has received a serious blow, and account farming has become nearly useless.
6. The most useful forum topic? Most helpful users?
The Wall Observer is a great catch all. I get most of my answers there anyway. Specific users? I think it depends from the help one needs.
8. Do you trade on exchanges or invest in projects?
Exchanges, occasionally. I don't like the recent KYC turn of things, though. Never invested in projects yet.
9. Tell a story about your big profit or big loss?
Well, somewhat big loss: I lost nearly all my bitcoins the first year or so. It was the Wild West back then, and an exchange owner exit scammed us all. Yes, yes, I know: not your keys, not your coins. Well, we all gotta learn don't we.
Biggest profit: hodling, which includes replacing any coins I spend. I've never regretted a single replacement; quite the opposite.
10. What do you think about the DEFI ecosystem?
I'm not much into the Eth ecosystem, but I'll believe it's as good as they say only when it gives us a real decentralized exchange with on- and offramps for fiat.
11. Is your anonymity a vital necessity or precaution?
Just a fond precaution at the moment. Hoping it becomes a vital necessity ASAP.
12. The last cryptocurrency book you read?
I haven't read a whole book on cryptocurrencies yet, but I've sampled Ammous and Antonopoulos. I'm waiting for a well researched, intelligent contrarian book - a small one preferably. Now that would be a read!
13. Advise 3 cryptocurrencies/tokens for investment in the next 1-2 years?
Off the top of my head: bitcoin, btc and xbt.
14. How much will Bitcoin cost at the end of 2020?
15851.5 USD, +/- 3.55% error margin. Confirmed from the best SOMA data, because science.
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I have a hunch that before year's end I'm gonna be able to change my hat. It's getting stuffy  |
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Leave of absence, my friends. Busy with life. A few people around me were hit by this virus, but they've all recovered or are recovering.
Looking forward to more loitering here. Hopefully soon.
Go bitcoin go!
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12k  Now we see how long it lasts. |
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Rainy October?
Corn over 11k
Future looks better
#haiku
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You forgot the last image with the caption "7 years later... I'm divorcing you and taking half of your bitcoin!" You see them in that BOAT? I bet the poor sod will have lost everything in an unfortunate accident long before 7 years. EDIT Sh*** LFC beat me to it. I should have known. |
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No wonder the exchanges' reserves have come down so much this year. Just a couple of million more and we get our supply shortage event.
You said in one sentence what it took me a JJG sort of novella to try to say above. Not looking forward to that. IMHO, what is happening (my hypothesis): faced with constant withdrawals, exchanges instituted a scheme where they are getting re-hypothecated bitcoin from the likes of blockfi, celsius, nexo and crypto.com That's why price does not react to bullish events, as long as their "supply" is virtually unlimited. The question is: do you trust that each btc on exchange 'actually' represents a "real" bitcoin or a bitcoin genuinely "borrowed" from the companies mentioned above? I strongly suspect that it is not the case. It is probably much, much worse. There is not going to be any supply shortage as long as the 'scheme' continues unabated. Let's see if they survive the next Proof of Keys Day (Jan 3 2021) > : ) |
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A bit behind as usual. This is becoming a bit of a chore.
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**LOTTA CAPSTYPINGS***
Happy Saturday!
Just to be clear, you seem to be stating that a future where transaction fees being $100, $1000 or even more per on-chain tx is a distinct possibility? That as a possibility is implicit in my thoughts, I'd say, yes. OK, so here's the relevant followup question. When average tx fees are $1000, what is the typical profile of a person willing to run a non-mining validator? Let's start simple on this - how many tx per year might the average such person make? It could be just one or two, but sure it won't be peanuts. Running a node still makes sense in such a case. |
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...and congratz AlcoHoDL!! About time |
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$1 billion fine for JP Morgan for manipulating metals futures and treasury securities.  Yep. A low cost of doing business. Not even remotely deterrent. Some fines should be expressed as a fraction of the balance sheet. Only way to deal with real life whales. |
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Candles red and green. She appears to be range bound. Moon will have to wait. #nohaiku
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If Apple and Microsoft announce a long term holding position in BTC
Along with Samsung ,AMD and Nvidia.
500k a coin could happen.
Something to dream about.
 you forgot to add Berkshire Hathaway And I'm not sarcastic. They've just stepped into gold at least indirectly: 560M$ or something like that ( https://www.marketwatch.com/story/warren-buffett-undergoes-a-conversion-on-gold-should-you-follow-him-2020-08-17 ). A similarly sized position in BTC is not out of the question, and apart from mechanical market effects, it would certainly have huge "marketing" consequences when it gets disclosed at the end of the quarter. |
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El Duderino
getting quite good at haikus
practice makes perfect
#haiku
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--snip--
The confirmed science and math
...
It doesn't work. It's only a bad speculative vehicle,
...
The project failed.
...
fractional reserve banking is clearly better
I am afraid there are not nearly enough people here realizing the magnitude of this current round of Proudhon posting. I mean... if you just look at his history of calling tops and bottoms... it's pretty much confirmed. By science. And all of the sources. And you all think I am joking. I don't. You guys do know what this means is about to happen, right?
I do. |
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