Another day, another bart, meh... I voted for August as well. We stayed at $9200 for too long, let's hope we will see some action in the right direction in July.
$9300 seems to be the resistance for the last few months. Weird number. Yep I've noticed the same. At least the price is not getting pushed much below it either, my bet is we are going to breakout upwards to the extreme when the sellers realise that they are not getting as many coins back on the sell offs because they are being hodled instead of traded. 12+ month hodl times are at ATH apparently, and with the halvening, there must be less coins floating about. Demand must be near to soaking up supply. |
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God damn, just get the fuck over 9300 without someone knocking you down straight after.
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Seriously Bitcoin, this shit is getting old.
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Looking at that twitter thread, I can see the shitcoiners are out in force again. I love how they always think that their shitty insecure coins that nobody uses for anything except as an alternative to penny dreadful stocks are somehow going to dethrone Bitcoin. Beyond delusion. |
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Vegeta ill??
Vegeta can piss off. Goku is better anyhow. |
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Nice BTC900 ask wall on coinbase @9092 or is this a wrong place for such things?
Somebody ban this jerkoff for off topic posts. Seriously what is this place coming too. |
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Isn't it so weird?
I believe bitcoin has never been in a better place than it is now.
We have just halved, you can buy bitcoin a lot easier. On boarding is easier than ever.
More ATMs, convenience store outlets, 7-11, rite aid etc.
PayPal coming in soon.
Gray-scale buying up more BTC than is being mined.
More bigger players coming in to the space.
More innovation in the crypto sphere than ever. It's literally exploding around us.
FIAT printers going brrrr.
Where does the price go? South!
I am not concerned though because I know that when this train starts heading North there won't be any stopping her until we get well into six figures.
It's going to be epic.
Hodl on my fellow wo brethren.
I know what you mean. But, there are also a great number of people having financial issues right now and being that BTC is mainly a retail thing it could be that more people are needing to sell for personal reasons at the moment than normal. I'm noticing that despite things opening up again where I live that there seems to be a second round of lay-offs occurring. This is not just retail businesses that realise they are no longer viable in the new normal, but also businesses that were at first immune to the initial shutdowns due to a backup of work. Dispite all the printing and fiscal responses, we seem to still be suffering a deflationary period with anything that is driven by the non-wealthy, low capital owning classes. So with time printing and fiscal will have an effect, but I think it is going to take a bit longer. |
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There is no need for such a complex explanation.
<...>
Sorry, but your explanation and conclusions are nonsense. GrayScale is not managing other's bitcons in the way you just wrote, and it is not GrayScale getting 20% return. This is why a complex explanation is needed. Your thread regarding Greyscale was fantastic, didn't know anything about before really. Your explanation wasn't complex very easy to understand. The in-kind coins are interesting. How many of these coins would be newly bought vs long-term hodlers coins? For instance would long-term hodlers rebuy after the 6 months and repeat the process again, creating extra demand (perhaps even with extra premium they made)? or is that it, disposed of for a premium and now done and dusted. If these in-kind coins are from new purchases, that would be new demand. Therefore potentially helping BTC price. Then as I mentioned above, what if these new in-kind coin purchases repeat the process after 6 months with profits? more demand again. I still see a portion of in-kind purchases as having an impact on underlying price, and if continued a definite long-term effect on price. So Greyscales increase in holdings is still very awesome. If the holdings continue to increase that premium will definitely get down to 0% though, and will probably stay there. No need for the premium to drop 80%, that's just silly, the coins would be there, not a ponzi, especially being that coinbase is the custodian, so they would also have to be in on the ponzi. Making it more unlikely. |
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In other news. There is now a huge wasp nest on the door to my garden entrance. Do I- A. spray them with water from afar B. Smoke out (or outsmoke  ) the hive or C. Hire that guy who crushes wasp nests with his bare hands? d: do what i did on a huge honkin nest (~2 feet across on long axis) on my wayback shed door.. get in your jeep, must have power windows and be able to GO on demand (4wd). wife and i each have extra large can of foaming wasp killer. wait till dusk. sneak up to side of nest with windows just cracked enough to spray out of. then, spray. when the death swarm come out, see if you can get the exits of course but mainly windows up and GOGOGO!!. damn things chased the jeep 150 feet to the road and a bit up it (i was in my yard of course when i started). should of clocked the damn things, friggin things are pretty fast. or seems so.. little bit of yard reseeding (left some BIG ruts lol) and done deal.. 7/10 would do again. This is not a bad idea, but I would buy the special spray meant for wasps. Once it hits the nest it disolves it and prevents the wasps from flying. It also sprays about 12 feet or maybe more can't remember. |
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Couldn't agree more. If there is something BTC does well, it is momentum. LFC point about still soaking up the supply is probably spot on, but once that is done she'll wake.
My guess - - Slow grind to a new ATH in early 2021
- $50,000 per coin by end of Q3 2021
- It’ll go from $50,000 to $100,000 quickly, all the noobs will flow in
haha, I saw your last line before deletion. I was thinking "shit, I'm only going to see 1 more birthday". |
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If we hit ATH this year, I'm 80% sure we will hit 100k by end of 2021. Only 30% sure we'll hit a ATH this year though.
Once she gets started, there is no stopping her. Sometimes the bitch just doesn't want to get out of bed though.
As always, patience is key, especially with bitcoin.
Buy, hold, chill the fuck out.
Couldn't agree more. If there is something BTC does well, it is momentum. LFC point about still soaking up the supply is probably spot on, but once that is done she'll wake. |
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Yes, I give 80% to no 100K in 2021 and, hence, invalidation of S2F model, but not S2FX model.
Hang on, his S2F model never showed 100k in 2021. It showed 100k by 2024. That is vastly different. Sure if it followed 2017 pattern, peak might be 2021, but PlanB never claimed that. At least not to my knowledge. From the first article, which I believe PlanB adjusted upwards later on: <...>
Link to the other two articles and various podcast appearances: https://100trillionusd.github.io/<...> Time to point you toward my thread: Stock-to-Flow Model: Modeling Bitcoin's Value with Scarcity! Are you pointing me towards that thread? If so, I did check the PlanB Realvision interview and in it he definitely said 100k before Xmas 21. I read the 100k average elsewhere. His actual quote is Yeah. Well, if we look at the stock to flow model, the only thing I can take from that is that I’m taking the co-integration into account is that somewhere between a year and a year and a half after the halving, so say before Christmas 2021, Bitcoin should be or should have been above $100,000. If that’s not the case then yeah, well, then all bets are off and it probably breaks down. I don't expect that to happen. That a pretty clear 100k before a certain date to me. Is there something in your thread that addresses this in particular, I couldn't see anything. IMO, I think 100k is still very possible next year but if we are still hovering around these levels by start of next year my opinion will probably change. |
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Looks like we are eyeing off another breakdown. Sigh.
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The forum is so fucking dead I don't remember a time it was more deader than this and I've been around for a loong time.
indeed. I can't recall this thread ever being so dead and there were more boring times. 2015 was pretty dead 2012 was pretty dead I wish I was there to see it. I was only present from April 2013 onwards. What's the correlation to a dead forum and a new bull market I wonder. |
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When fiat becomes more popular than bitcoin  Well if I had a choice between a bitcoin and a fiat, I'd take a bitcoin. Besides I'm more of a Japanese made fan myself  |
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The forum is so fucking dead I don't remember a time it was more deader than this and I've been around for a loong time.
indeed. I can't recall this thread ever being so dead and there were more boring times. 2015 was pretty dead |
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Yes, I give 80% to no 100K in 2021 and, hence, invalidation of S2F model, but not S2FX model.
Hang on, his S2F model never showed 100k in 2021. It showed 100k by 2024. That is vastly different. Sure if it followed 2017 pattern, peak might be 2021, but PlanB never claimed that. At least not to my knowledge. From the first article, which I believe PlanB adjusted upwards later on: The predicted market value for bitcoin after May 2020 halving is $1trn, which translates in a bitcoin price of $55,000. That is quite spectacular. I guess time will tell and we will probably know one or two years after the halving, in 2020 or 2021. A great out of sample test of this hypothesis and model.
Link to the other two articles and various podcast appearances: https://100trillionusd.github.io/Ok, I did I search myself as well apparently average price is meant to be 100k through 2020-2024. Yes 2021 is when he expected 100k. So we can wait till well into 2021 to decide how far off he was. |
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Yes, I give 80% to no 100K in 2021 and, hence, invalidation of S2F model, but not S2FX model.
Hang on, his S2F model never showed 100k in 2021. It showed 100k by 2024. That is vastly different. Sure if it followed 2017 pattern, peak might be 2021, but PlanB never claimed that. At least not to my knowledge. |
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And bitcoin drops back to 9700. This is really kind of boring. Blah.
9600 even waaaaay more boring This feels so 2014/15 I remember very well those early Bart Simpson moves between 400$ and 600$. It looks we need to cook more before starting the rocket. Personally, I don't care. This is a good accumulation range before the rocket era. Yep exactly how I remember it. |
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