https://twitter.com/nayibbukele/status/14016225483963146311. Great weather, world class surfing beaches, beach front properties for sale.
2. One of the few countries in the world with no property tax.
3. No capital gains tax for #Bitcoin, since it will be a legal currency.
4. Immediate permanent residence for crypto entrepreneurs. ... damn this sounds tempting. Will be really interesting to see what happens next with El Salvador welcoming the 'smartest people in the room'. There'll probably be a fight first though, IMF and USA have allready contacted El Salvador about it all apparently. You never know, El Salavador might have some freedom coming their way, before we can all relocate there. |
|
|
|
Hey Harvard I'm in relationship with bitcoin does this count?  And harvard is 100% right about this. But happiness from family is not exactly profitable for corporations as family is free to enjoy (other than covering needs house, food, etc). That's why we get mass manipulation from the media and corporations, orchestrated by people such as Edward Bernays, in an effort to undermine the traditional family unit and instead focus everyone's mind on satisfying the individuals wants and desires through consumerism. This reduces wealth being passed on through the generations, meaning that employees remain desperate and without power, while also having the benefit of destroying the planet. |
|
|
|
Was thinking the current price action is a clear example of an irrational market. Bitcoin just got legal tender in a fucking country! But maybe the market is scared of the potential consequences. The US surely is not going to like a declining demand for their USD, which is was the only currency of El Salvador. Need to stop it in its tracks, before some other countries get wild ideas? I was a bit afraid when Jack Mallers announced the El Salvador bitcoin adoption while the bill had not been passed yet. The US could have acted quickly. Perhaps the market was afraid El Salvador would get stopped, which would surely have been bearish news. Let's see. I think with El Salvador now having Bitcoin as legal tender, Michael Saylor buying another chunk, and Taproot surely being activated this difficulty epoch, we might have seen the bottom for now. Yeah its funny isn't. This is the day many years ago that we were dreaming of, it is a massive historical event in Bitcoin's history and no real market reaction and barely a murmour on these boards. While the price is not too exciting right now, I have probably never been so exciting about bitcoin then this moment. A country (sure it is small, but that's how this things start) adopting it as its currency, holy shit that is a big deal, and what's more it is doing it by making heavy use of Bitcoin's 2nd layer solutions. We are about to see why all the shitcoins that tout low fees and fast transaction times are completely pointless. This is a massive moment and I'm glad everyone here is able to experience it. |
|
|
|
1.6billion is surprising, and good to see, I wonder when all those Bitcoin ETF approval dates are. Saylor is putting himself in a hell of a position here still I think. If the price does dump below 20k he will have to be in trouble. |
|
|
|
|
We really do have a mega H&S forming on the daily. Looks horrid and everyone can see it and is probably trading it.
|
|
|
|
|
Hmm, maybe the next drop will bring on a bounce. I'm thinking a move down to 30k then back to 34k. Why? because why not.
A rise till Friday perhaps, all nice and ready for the weekend dump.
Edit: it's trying.
|
|
|
|
ugh chart buddy
and damn we stayed over 32k all night long
I may buy some at 32.9
We may have stayed above 32k but no rebound has happened and looking like it may breakdown again very soon. |
|
|
|
|
Demand has dropped off to a massive degree because there are far fewer newcomers coming into the space right now. network congestion won't happen again until we have new buyers coming back in.
Been like this during the whole difficulty period so far, not just today. Previous period was clearing up the mempool too.
|
|
|
|
But his handler can.
And at least I'm a Swedish bot. Bot.
Beep! |
|
|
|
Nah, blame chartbuddy, bully him, and call him names I reckon. He's an utter pussy never does anything back so giving him a hard time will make you feel tougher. Are you in love with Chart Buddy? Bots in love? It's always easier to pick on someone who won't fight back, and this bot can't even reply to you, so easy target. And who you calling a bot? Bot. |
|
|
|
DON'T PANIC ON THE TITANICbecause Wyckoff.   Maybe, big Maybe. Everybody is talking about this right now so I think it unlikely to hold. Mind you I'm hoping it does. Also volume looks like shit. |
|
|
|
this mofo chart buddy.
stay focused  click ignore   yeh its irritating looks like the Marianas trench Very well put, it's like the junk mail in your inbox, just every hour. Merited. look, Bitcoin is working like this: the majority comes to an agreement for accepting the txs which should be included in the next block, right? same with ChartBuddy: the majority came to the agreement that ChartBuddy (again) is very welcome in this thread, right? please don't open the Pandora's Box again. did you nothing learned from the Hash Block Limit War?  Minorities have rights you know. The right to click "ignore" is sufficient for me. As for the El Salvador - IMF brawl that's on the horizon: Q: How do you tell the pioneer from the infantryman after a battle? A: The pioneer is the one with the bullet(s) in the back  Ready for witnessing an epic fight. I hope it will be short and painless (for bitcoin, of course). Yeah this is a worry. |
|
|
|
Pi cycle top indicator was right once again. I watched that chart for months. But all the other charts like NUPL, Stock to Flow etc. showed we are nowhere near the top. So I ignored the cross of the Pi cycle. And here we are, 50% down. We can just hope for a 2013 like 2nd top. Otherwise this thing will go down further. I just hope we wont see sub 20k ever again. At least not stay there but bounce back up quickly. https://www.lookintobitcoin.com/charts/pi-cycle-top-indicator/That's the thing though, I saw it too but no confirmation from anything else. Same may happening again but perhaps with a different indicator and we'll go its all good because Pi cycle isn't topping. Demand/Supply I feel is the only indicator that matters and I believe those measurements from glassnode are the best ones for measuring that. I will be hunting for more measurements shortly though. I'm with you on the hopes too. If we don't get a 2013 I don't think things will be as bad though, we didn't really overheat that much this run so we should be better positioned on the bear side of things. |
|
|
|
Nah, blame chartbuddy, bully him, and call him names I reckon. He's an utter pussy never does anything back so giving him a hard time will make you feel tougher. |
|
|
|
In conclusion, we may be at a bottom, but I won’t believe it till we see a levelling of the decline in short-term holders. And whenever this happens (hopefully now) it will be a better time to start buying.
I felt similar after looking at this:  The deep BTC dips occur shortly after the "unconfirmed transaction" peaks. yeah that fits in this time, but not as well with past times. still worth keeping an eye on though. |
|
|
|
So price is not looking good once again, expected with the complete lack of demand lately, mempool empty etc. Anyway, I’ve been looking through a lot of indicators, very few of them indicated our recent top. That could be because we still haven’t reached the top for this cycle though I currently find that unlikely. In a hunt for something that did indicate the top (and previous tops), while still being based on some actual fundamentals (rather then stupid shit like MACD), I have found what I think makes the most sense. Short-term holder supply. This first chart is a little old, but as you can see it appears as though short-term holders drive the price. This makes sense as increased short terms means more demand as noobs flood into the market when at first they think it is good value/time to start accumulating, and then later with FOMO. Excluding the Mt Gox bubble of 2013, each top shows a definite slowing of noob buying. Each low in price and bull run beginning, also seems to be shown buy first a pausing of the decline in short termers then followed by an increase.  Same can be seen in chart 2 below  Now look at chart 3 and you’ll see a pretty exact picture of what I mentioned above for the recent top. So in my opinion we aren’t going to see this price decline stop until we see a levelling of the decline in short-term holders and then for price to increase again we would need an increase in these short-term holders  In conclusion, we may be at a bottom, but I won’t believe it till we see a levelling of the decline in short-term holders. And whenever this happens (hopefully now) it will be a better time to start buying. Too bad glassnode don’t give this data away for free. |
|
|
|
I'm thinking that the president is moving ahead so quickly with the Bitcoin legislation that the US likely will not have time to react in time.
As governments tend to do, they will put together meetings, try to come up with their strategy, they'll make phone calls to gather information that we already know but will take them longer to figure out.
If El Salvador pulls it off in a week or so then it will happen.
If they get bogged down in the processes like the US government then it will likely be stopped.
And if it does get stopped what's the bet it dumps, even though it didn't pump on the initial announcement. |
|
|
|
|
Something I'm not really understanding right now. Lot's of good news around Bitcoin right now, I mean shit, there are now countries wanting to make Bitcoin legal tender. However, if you go check out the prices of shitcoins they are all up far more than BTC.
Only explanation that I have is that Bitcoin's price is being targeted, where as the others aren't.
Am I taking crazy pills or something.
|
|
|
|
|
Show Posts
