Welcome to WO page 36000... These days nobody wants page parity anymore  |
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Can we get 70k this week pls...
and since some here called the bottom, 80k by end of August
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this thread between 2014-2016 was gold
Yeah it was brilliant, shame it’s turned to shit now. what can we do.. ..we all got rich in return that being said, I miss the the old days WO too |
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I'm developing a forum account scoring system, its been fun. Today I accidentally uncovered who the forum's true autists are via individual n-gram scores. Intrigued to see your findings, I have a feeling I may have some mild autistic traits or ADHD at least  To be honest though, anybody in Bitcoin pre, let’s say 2017 is a bit of a character this thread between 2014-2016 was gold |
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..... JJG - We need micgoossens, franky1 and Torque to return so they can strip your guts out and jerk a knot in your sorry ass! That would be fun times for many of us here! I understand they have extreme hate for you, and you for them - with much passion! Who else thinks you're a dirtbag? Oh, yeah - SkullxD, monbux, ippki, Carlton Banks, L0caLh05t, Suchi and Vod. Does that make you proud to be hated, scumbag? You must be new here. acting as if he knew something he took the time to read through the old pages or, more likely, had AI do it |
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So, I added accounting for fees and STCG for taxes into my bitcoin trading bot, and it made it's first profitable trade last night!
After tax, I made a whole theoretical $10 !!!
WINNING!
rich people looking for a way to become poor... hope not It's all just paper money testing the creation of an algo. I have a long way to go before I actually consider setting this guy loose on the markets. What an incredibly fun project! What a time to be alive. I picked a great time to be retarded!damn sure it is ! Still working that farm? |
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So, I added accounting for fees and STCG for taxes into my bitcoin trading bot, and it made it's first profitable trade last night!
After tax, I made a whole theoretical $10 !!!
WINNING!
rich people looking for a way to become poor... hope not |
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"I was the Bitcoin guy..." u sure...? |
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A lot of people calling a bottom out there.
I hope Cramer is not one of them |
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I do not think I could be any more in agreement with Jimmy's song on the ideas he presents in his recent tweet article. It is an article on BIP 110 and a very well said argument for his ambivalence. https://x.com/i/status/2071637370881941750If someone knows how to turn that into a better kind of link then feel free, nitter, or whatever. Putting aside the actual contents of BIP 110 and the restrictions or whether they can actually work, it is a contentious fork attack on Bitcoin. If that ever succeeds, regardless of who is the author and their reasons to launch it then Bitcoin will no longer be Bitcoin at all. It would become a shitcoin like ETH or die off completely. It is vanishingly unlikely that we will not get to enjoy contentious hard forks of Bitcoin in the future. It's pretty much a guarantee. And the entire world will see Bitcoin as a failure and the price will crater and then recover on the chain that ends up inheriting the actual users. being able to fork-off is a feature not a bug people will get it one day Exactly. It is arguably Bitcoin's nuclear option when it comes to its ability to survive. And we all had to live through it, or at least know about the first time it happened in a big way. and the chaos that ensued was extraordinary. History repeats, and it's certainly not going to forget to repeat for the masses. Unfortunately, that means we get to watch it again. But fortunately, that means we might be able to help people settle down a little when it does. Forks in Bitcoin and consensus in general is an immune system that theoretically can survive even extremely hostile environments, which Bitcoin has definitely entered at this point. (PS my thesis is not that BIP 110 will be a hard fork, though it may. It is that we will see one again eventually.) real OG talk! Listen well, newbies ! personally almost any fork made me money... so funny that it's working even financially |
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I do not think I could be any more in agreement with Jimmy's song on the ideas he presents in his recent tweet article. It is an article on BIP 110 and a very well said argument for his ambivalence. https://x.com/i/status/2071637370881941750If someone knows how to turn that into a better kind of link then feel free, nitter, or whatever. Putting aside the actual contents of BIP 110 and the restrictions or whether they can actually work, it is a contentious fork attack on Bitcoin. If that ever succeeds, regardless of who is the author and their reasons to launch it then Bitcoin will no longer be Bitcoin at all. It would become a shitcoin like ETH or die off completely. It is vanishingly unlikely that we will not get to enjoy contentious hard forks of Bitcoin in the future. It's pretty much a guarantee. And the entire world will see Bitcoin as a failure and the price will crater and then recover on the chain that ends up inheriting the actual users. being able to fork-off is a feature not a bug people will get it one day "You can only send 50 merit to a given user per 30 days. You have already sent 50 merit to that user. " sombtch, long month,don't think I'll merit dump on people anymore, I'm lazy these days and its easier to merit than comment. thanks ! and yes. Meriting saves a lot of time! |
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I do not think I could be any more in agreement with Jimmy's song on the ideas he presents in his recent tweet article. It is an article on BIP 110 and a very well said argument for his ambivalence. https://x.com/i/status/2071637370881941750If someone knows how to turn that into a better kind of link then feel free, nitter, or whatever. Putting aside the actual contents of BIP 110 and the restrictions or whether they can actually work, it is a contentious fork attack on Bitcoin. If that ever succeeds, regardless of who is the author and their reasons to launch it then Bitcoin will no longer be Bitcoin at all. It would become a shitcoin like ETH or die off completely. It is vanishingly unlikely that we will not get to enjoy contentious hard forks of Bitcoin in the future. It's pretty much a guarantee. And the entire world will see Bitcoin as a failure and the price will crater and then recover on the chain that ends up inheriting the actual users. being able to fork-off is a feature not a bug people will get it one day |
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Bitcoin historically:
" You can't get outstanding gains without similarly excruciating plunges"
Bitcoin in this "cycle":
" You can't get outstanding gains, but you always get excruciating plunges"
^ this has led to the overall disappointment, at least in retail.
Going forward:
1. Cycles are not guaranteed.
2. A large upside is not guaranteed.
3. Commodity trading at least at the cost of production (71.9K, apparently) is not guaranteed.
4. All prior "mathematical" trends are being violated or were already violated. Power law is the last to go; it's currently below the floor, but the time frame is too short for this particular "deviation" to matter, yet.
What's left?
Faith in bitcoin or bitcoin's "manifest destiny"?
It's enough for me, but some other people would get desperate soon.
My conclusion: with bitcoin apparently failing as far as the possibility for masses to save and/or improve their situation equitably and with many $ trillions going to private investors in AI and crumbs to everybody else, the social situation could become affected. No prediction, but the vibes are negative.
midterm, BTC will become a pump n dump vehicle for big money... Good news is we haven't seen the pump yet. retail is not in now, they will advertise it to retail at the top |
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Are we losing the grip again buddy...
I really hoped we are done with this cycle shit. Well next time I guess
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Point #2 is contradicted by point #10.
How about assigning some reliability score to various pronouncements?
In part, it is already being done by not quoting P. Schiff.
Wintermute is ALSO a suspect as far as neutral reporting is concerned.
Re; Point 2 and 10. They are valid stories. What do you suggest? Add Wintermute to hard block like Cramer and Schiff? Cramer and Schiff are great indicators... why block |
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the Back Story keeps on giving. the last part I heard was some Epstein stuff |
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see y'all in the 50s ... still hoping though
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So we swept the lows, temporarily faked out the bears, and closed back above the 200 Week MA ($61,825), Weekly Close: $63,300. These things all happened, even if only subjectively relevant.
Does this make me delusional for thinking we bounce back to $80-90K, before correcting back down to the 200 WMA at around ~$65K (based on current trajectory) over the next few months ?
Either that, or this week is going to be even more nasty that last week. But I will say this is starting to remind me of the fake-out candles in August/September 2024 below $60K. Granted that was based on different momentum, it was consolidation in a bull trend, rather than consolidation in a bear trend. The counter to that is that this is more like $30K level in May 2022: a previous support level that once broken, plummeted the market by 40%, followed by the eventual 50%. The TA does undeniably target $30K from effectively a two-year long head and shoulders pattern. If we do successfully break below $60K, I won't rule it out, but first that level actually has to be broken.
There is otherwise little to no hope for the short-term bullish speculators at present: no bullish divergence on longer time-frames, no strong bounce as of yet, we are merely flirting with lower lows. The cycle remains intact.
well 63k is better than 59k but it still looks like we drop under 49 k some time this year. oh well I was stumbling over a survey's result where crypto owners (private) were asked about their expectations. Key takeaways: $850k in 2034, $26k in 2026, followed by $80k at the end of the year, 17% wanted to strictly hodl, the majority is trying to sell high, buy low (60%) but want to keep Bitcoin in the end, while only few were looking to sell their corn for fiat (5%). With the rest being some "i aint sure yet" votes. Personally, i think $26k is a bit low, but this was the lowest price expectation, while $850k in 2034 was the answer of the one(s) with the most hopium. $850k in 2034 will be epic. But it won't be easy. Here's a quiz: $1k, $20k, $69k, $126k, ?, ?Of course, the universe is non-linear, and "this time, or the next, could be different," so I do think $1M in 2034 is a reasonable expectation. The 'cyclists' math points to $153-180k, then $108K... this is the "math" of "always at least a 70% decline, followed by progressively diminishing upside as per prior cycles". You might have noticed that is "grows" backwards. Hence, we need to break the cycles in the next 0-36 mo. Powerlaw numbers: 450-452k by Sept 2029 and 159-162K "floor" (minimal number)-so a floor of powerlaw and "cyclists" 153-180k number are similar, however, for 2033, they are drastically different: 1270K/450K for powerlaw (Sept 2033) vs $108K for the "cyclists". We shall see the results dichotomy after about 2030. Powerlaw: https://charts.bitbo.io/long-term-power-law/I don't know much about the S-curve, but one might argue that we are entering the horizontal area of it, and that we might stay there for 2 cycles or so. In that case, we wouldn't go much higher. But yes, at least the 70% draw downs must be compensated for. And also it would break the cycles. Many parts of the cycles are already broken. The timing is still intact though. IMO we are seeing believers acting on it without much of it being actually left. Like pavlovian dogs acting on signals without actual food being there.Too many with this 4 year price belief what goes up must come down Bla bla bla. Oh did Saylor sell 32btc and get a 10,000 dollar drop? And he purchased 1000 coins today for a good discount? Or am I wrong? These laughable 32 BTC could not have been a serious sell. It must have been some kind of signal to, or test of the market. Yes he bought the 1000 Coins cheaper. But if buying cheap was the goal, he would probably have made a bigger purchase... and he can only scare the market so many times |
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So we swept the lows, temporarily faked out the bears, and closed back above the 200 Week MA ($61,825), Weekly Close: $63,300. These things all happened, even if only subjectively relevant.
Does this make me delusional for thinking we bounce back to $80-90K, before correcting back down to the 200 WMA at around ~$65K (based on current trajectory) over the next few months ?
Either that, or this week is going to be even more nasty that last week. But I will say this is starting to remind me of the fake-out candles in August/September 2024 below $60K. Granted that was based on different momentum, it was consolidation in a bull trend, rather than consolidation in a bear trend. The counter to that is that this is more like $30K level in May 2022: a previous support level that once broken, plummeted the market by 40%, followed by the eventual 50%. The TA does undeniably target $30K from effectively a two-year long head and shoulders pattern. If we do successfully break below $60K, I won't rule it out, but first that level actually has to be broken.
There is otherwise little to no hope for the short-term bullish speculators at present: no bullish divergence on longer time-frames, no strong bounce as of yet, we are merely flirting with lower lows. The cycle remains intact.
well 63k is better than 59k but it still looks like we drop under 49 k some time this year. oh well I was stumbling over a survey's result where crypto owners (private) were asked about their expectations. Key takeaways: $850k in 2034, $26k in 2026, followed by $80k at the end of the year, 17% wanted to strictly hodl, the majority is trying to sell high, buy low (60%) but want to keep Bitcoin in the end, while only few were looking to sell their corn for fiat (5%). With the rest being some "i aint sure yet" votes. Personally, i think $26k is a bit low, but this was the lowest price expectation, while $850k in 2034 was the answer of the one(s) with the most hopium. $850k in 2034 will be epic. But it won't be easy. Here's a quiz: $1k, $20k, $69k, $126k, ?, ?Of course, the universe is non-linear, and "this time, or the next, could be different," so I do think $1M in 2034 is a reasonable expectation. The 'cyclists' math points to $153-180k, then $108K... this is the "math" of "always at least a 70% decline, followed by progressively diminishing upside as per prior cycles". You might have noticed that is "grows" backwards. Hence, we need to break the cycles in the next 0-36 mo. Powerlaw numbers: 450-452k by Sept 2029 and 159-162K "floor" (minimal number)-so a floor of powerlaw and "cyclists" 153-180k number are similar, however, for 2033, they are drastically different: 1270K/450K for powerlaw (Sept 2033) vs $108K for the "cyclists". We shall see the results dichotomy after about 2030. Powerlaw: https://charts.bitbo.io/long-term-power-law/I don't know much about the S-curve, but one might argue that we are entering the horizontal area of it, and that we might stay there for 2 cycles or so. In that case, we wouldn't go much higher. But yes, at least the 70% draw downs must be compensated for. And also it would break the cycles. Many parts of the cycles are already broken. The timing is still intact though. IMO we are seeing believers acting on it without much of it being actually left. Like pavlovian dogs acting on signals without actual food being there. |
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I like the reference to the chart!
You can only send 50 merit to a given user per 30 days. You have already sent 50 merit to that user. Shit. damn I totally forgot to thank you for filling up my tank! Thanks!! |
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