When you look at it in a positive way, it's good that he is out at an early stage.
Before, we have this what we call shaky hands that would sell with a little dump. Elon is one of them.
I hope he does sell everything he got. Bring it back to circulation and let new investors have their chance to hold a precious coin.
Bitcoin market will feel the dump that he will do but it can recover in just a short amount of time. No doubt.
Yes its good getting this socipathic piece of shit out of bitcoin. I'd say he already sold all Teslas/his coins the day before he made the first negative comment. There was a large inbound transaction to the exchanges that day, and being that Tesla has trouble making an income I'd say he realised he needed the profit to cover for that. |
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Bitcoins going down and I don't think I'd put any money in to Bitcoin right now. Instead I would put all in ETH, ADA and Matic this is how I survive in this red. will see you later once I feel positive about BTC.
Check this chart then tell me if you still think that is a good idea. https://www.blockchaincenter.net/altcoin-season-index/ |
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I keep wondering about this high fee transactions that are happening on the network. There are blocks now where the lowest fee transaction includes 1 sat per byte, and then in the same block a transaction with a fee for over 400 sat per byte. Here's one that is for 253.3 sat per byte https://mempool.space/address/1KSoAS6MyfWRL4vbwgKh7aL8NvHDUwMaHCIt goes like this 1KSoAS6MyfWRL4vbwgKh7aL8NvHDUwMaHC > 1JhzBwS5MddyPGp1vzycbS77ZdL33omWcn 253.3 sat/vB 1JhzBwS5MddyPGp1vzycbS77ZdL33omWcn > 18y9TtMgtmaUvpCHheEsX5rS9kpewrMtrq 30.5 sat/vB 18y9TtMgtmaUvpCHheEsX5rS9kpewrMtrq > 1FoLkDAPyPcXBt2CHGdfZwcJkwBbhA4gC6 30.1 sat/vB 1FoLkDAPyPcXBt2CHGdfZwcJkwBbhA4gC6 > 1LRCG6VhtNrt27meshkhEYbbPpyY8fDAzy 30.4 sat/vB 1LRCG6VhtNrt27meshkhEYbbPpyY8fDAzy > 1NYm9oCuG5q1qr7rDkMutkD7228oZjc2Mk 253.3 sat/vB 1NYm9oCuG5q1qr7rDkMutkD7228oZjc2Mk > 13orzphdpZATfviQHFKXqBNnWCK9oynw2D 253.3 sat/vB 13orzphdpZATfviQHFKXqBNnWCK9oynw2D > 15FtnxGCxcU2TLL2M9crmwknRFEgVvMaS6 30.1 sat/vB Now thing about those transactions are they are all done in the same block but with those varying fees. This has to be done by the same person/organization, but what for? and why send like that from address to address in the same block? wouldn't a batch transaction make more sense? |
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meh, spoke to soon maybe.
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Shitcoin market showing some very early signs (could just be noise) of topping out I reckon. Eth downwards movement over the last 24 hours is double BTC and Doge doing same. I see there are a few pumps still going on in other coins, but same thing happened in 2018, BTC topped first, followed by ETH, and then these stragglers eventually went down.
As I said this could just be noise, but at the moment it is something. Also probably means we are in for that several months of no new ATH, though I still think that this is a 2013 type bull rather than 2017.
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40k barrier broken for the third time on the 1H chart (soon after $50k got broken). Looks like there will be a DOWNity (for ants) before the big UPpity resumes before the end of May, taking us to a new ATH. Yes, I know this post is dumb and doesn't say much...
Where's Bob?
Price always goes down on the weekend, so expected. Let's just hope the UPpity actually resumes. |
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Drivel
With each post, not only do you demostrate what a terrible human you are. But also how much of a retard you actually are. You should speak... doom and gloomer. 
Drivel
With each post, not only do you demostrate what a terrible human you are. But also how much of a retard you actually are. bad behavior-check doesn't know how markets work-check likes to call people names-check Conclusion-@JJG is Bender reincarnate. https://youtu.be/ln4rfYh7ng0?t=77At least you know how to stay topical, and stick to the issues. rrrrriiiiiigghhhhttt? It is a fact that bitcoin price is under-performing since Feb. What caused it? Will it continue or turn around? What would cause such turn around? Instead of examining these points, you attack the source, as usual, as if you want everyone to be silent about and if everyone stays silent it would get better somehow. It could get better, but only if alts get smashed soon, otherwise we would bleed down to maybe 32-35% and then the situation can become unstable (multi-polar). My btc % is much higher than 40% market weighting, so I would be not be a happy camper if btc further declines in dominance and/or in price, yet I have no plans to sell. Why? Because I believe that we might turn around at some point, could be soon or by the year end. I never sold any btc for alts, but their proportion in my portfolio (bought using fiat) has arisen in this cycle quite significantly for a simple reason-a gigantic outperformance (so far). Not naming any names since it is OT here. I don't chase and try to buy low or very low. All my alt buys were done before the end of 2020, most either in 2019 or even earlier. In 2021 I am only stacking btc sats via mining and small size random buys and slowly selling some alts, but even so, each sell was not at the highs, admittedly, so I slowed those sells down for time being. Are you going to tell me that selling alts and buying btc is somehow impure (like you told Phil)? What a wierd suggestion, pal! He doesn't like that people accrue BTC via way of shitcoins, either mined or purchased. He prefers his no doubt superior strategy (in his mixed up mind) of selling BTC every time it goes a little higher in order to stack more fiat. Those of us who continue to the accrue BTC and not sell ever, are disliked for some reason that is unable to be undersood, because there is no understanding crazy. |
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Drivel
With each post, not only do you demostrate what a terrible human you are. But also how much of a retard you actually are. |
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How does he leave the biggest shitcoins and their "CEOs" off the list though? Vitalik Buterin --> ETH Changpeng Zhao (CZ) --> Binance Coin Charles Hoskinson --> Cardano And what do all these people have in common? Massive sociopathic traits. Who didn't show any socipoathic traits? Satoshi. |
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I guess another relevant question is, when dominance hit 32% last cycle, what turned it around?
Mostly a very sharp drop in xerp, then continuing drop in both VBcoin and xerp. So a thought. The reason for the (hopefully) increase back up in dominance this time will be that Musk will no longer have any effect on BTC, proving again that no single megalomaniac can bend BTC to his will. This in itself will encourage money back into BTC, because its stability and resilience has once again been proven. Just like when Ver finally relieved us of his presence. The market now being reminded that Doge/ETH are in complete control by a single fail point (individual) will discourage further investment. The doge coin followers are going to get everything they asked, just like when any populace elects a megalomaniac, narcissistic, dictator to rule over them. |
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Everyone says that CMC dominance is irrelevant since it also includes stablecoins. Yet, whatever params you use, there has been a sharp decline in btc dominance from the end of December 2020 (72%) to now (40%). https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/IMHO, this has to reverse within a week or two, otherwise it would be difficult to recover and we would move (regrettably for me) from one hegemon (bitcoin) to a multi-polar crypto world. It is not a popular possibility around here and my largely btc position would affect my worth (or the lack of it), but someone needs to point out that this scenario is possible. TLDR; a bear market starting in 1-2 wk to smash alts or a true multi-polar crypto world is coming. Btc ETF approval could swing the balance back in btc favor, but I don't see anything else doing it, judging by the current dynamics. Off course CMC is relevant. Perception is everything to retail traders, they don't work on actual analysis, and CMC is one reason we are losing/lost them. I leave the computer for 10 hours, check price when I get back BTC is lower and shitcoins are higher. Zero retail interest in BTC. All time low dominance is at 32% will we get there? As you say, unless we see a major market crash that is not just aimed at BTC, we will take out those lows. With so many extra shitcoins this time its hard not to take out the lows honestly. The real question though is does ETH flip BTC? if so, that is a psychological hit that will deeply scare. For 10 years now BTC has been attacked at all levels by all relevant authorities and charlatans, the shitcoins encounter none of this, it's amazing we have held on so long. Will these forces of evil finally win? History shows time and time again how retarded the sheeple are, the sheeple always seem to go along with those who want to hurt them, so long term it's not promising. I hold out hope though that BTC pulls through and retains it's dominance. It is after all the coin that created the market, the only coin released for pure good intentions to make the world a better place, rather than to enrich the founders like every other shitcoin. EDIT: I guess another relevant question is, when dominance hit 32% last cycle, what turned it around? |
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Put me down for 100k dude.
That's where we deserve to be.
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https://taproot.watch/minersBTC.com just started signaling! That adds another ~12% hashrate. Anybody aware what is the stance of Binance Pool and ViaBTC? I think Binance will be the last to go, if they go at all, I suspect that Binance is anti-bitcoin. We just haven't seen that confirmed yet. |
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Elon probably has a plan. We will find out. Or not.
Back in the real world, youd be bitch slapped if flip flopping like that.
Elon is irrelevant now.
Elon is a fucking sociopath. His actions for the last several years have demostrated that to a T. Remember the pedo guy comment he made and then in court he was pleading poverty. Just one example. His plan is to extract as much wealth from society into his hands as he possibly can. He'll do this through government grants, talking shit over twitter about TESLA, Insider trading, and pumping and dumping shitcoins. Whatever he can get away with he'll do it, and rich pricks like him are untouchable, as the SEC has demostrated to us in the past. As a sociopath, he has no empathy, he is narsacistic, and if he destroys numerous working class people in the process he will enjoy every minute of it. These type of people excel in the corporate world as they are willing to destroy everyone for personal gain. The tyrants of the past, the feudal lords, the slave owners, these are the Elon Musk types of their age. Of course, it's not just Musk, there are many others, Gates, Bezos, Zuckerberg, the list goes on. This is the world we live in. |
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Yes ETH is a centralized shitcoin and a mess in so many ways, but nobody seems to care about that. The attitude is "well they'll solve all those problems with future updates". Maybe they will, maybe they won't. Either way I don't think it matters. ETH has their network effect, just like BTC does, there will be no ETH killer, but with all the extra shit that is flooding their network as time goes on, how could it not beat BTC, the digital gold that everyone just hodls but doesn't do much else with.
I won't be investing in it, but also don't want to be disappointed when (if) it does unseat BTC. I don't think it will be able to take BTC place this cycle either, but next on, maybe.
If you think that a centralized mess of a shitcoin with a 90M pre-mine and currently $50-500 transaction fees will ever "overtake" BTC, then you are delusional. And POS will be a big fail. It does make you wonder where the term "smart money" comes from? Doesn't seem that smart to me. You are correct, machasm. Many of us likely realize that "smart money" does end up proven to be "not very smart" after many years, but on a contemporary basis, we surely might NOT be able to accurately assess which money happens to be smarter than other money, even if we might have some decent suspicions but the evidence is not always going to be unambiguous to conclude which is which. Isn't it a Chinese exchange run offshore. Edit: from the wiki Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software. Binance was initially based in China, but later moved out of China due to China's increasing regulation of cryptocurrency. These guys are as dodgy as Bitmex, remember when the SEC got onto them and the Barts ceased and then the BTC price went up and never looked back. Binance has taken over their role I suspect. It makes you wonder if these exchanges get pressured by certain authorities to use there opaqueness to prevent BTC growth. Takes tin foil hat off. I sometimes wonder why supposedly long-termers like you, somac, get so delusional about exchanges or entities that are trying to avoid various kinds of governmental oversight and then to suggest that they are either conspiring with governments or that they are fucking over the bitcoin because they are manipulating it too much through their attempts at wild, wild west operations. Sure, maybe we don't really disagree in the end about a certain need for standards, but still some of these seemingly cheering on of government crackdowns or overly attempting to describe the exchanges with wild, wild west as the villians seems to be just confusing matters rather than really attempting to accept a certain amount of the wild wild west dynamics that are likely existing with these various systems including overly jumping on the bashing of the exchanges that attempt to operate outside of some of the ongoing jurisdictional overreaching dynamics that we get from certain countries, too. Kind of reminds me about how anti-bitfinex so many folks were in 2016, especially around the time of their supposed hackening in about August, and sure some of the bitfinex story does not really add up either, but sometimes the conspiracy theories including the bashing on USDT get carried to similar extremes that seem to be likely assuming way more bad faith from the entities that are actually having quite a few troubles attempting to operate without getting beat up by governmental overreach, and sure even BTC-E that tried for quite a long time to continue to operate without falling into any jurisdiction (kind of like bitcoin itself) got accused of a lot of insider corruption matters that may or may not be true and at the same time quite a few users of their system were not able to get their coins back, and may well not have been caused by the actual operators - but really been a result of various governmental overreach and some of the users who end up losing their coins (yours truly included) are not really going to end up knowing the full story but many of us should be somewhat skeptical of some of the sources that seem to presume that the exchange operators were evil, corrupt, manipulators, greedy, blah blah blah.. rather than trying to actually contributing to the bitcoin community (while profiting and sometimes getting involved in shitcoins along the way too.. which is not illegal either, even though some of us might choose not to get involved in shitcoins or to operate businesses that allow leverage, but still there are varying ways to operate businesses, without presuming evilness to such operators without having enough information or likely even agreeing too much with some of the FUD spin). Obviosuly you never heard of Bitmex. Does the word "Bart" mean anything to you. |
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Well, the last few hours has definitely been something interesting. Good to see we bounced right the fuck off the 46k mark and now back into the 51's. Kinda sad one person, who is relatively new to crypto and BTC in general, can make a tweet and cause this much panic. I'm not sure what the fucking end game was here but I can tell you it's got nothing to do with BTCs environmental impact. If he gave a shit about that his strip mining operations for lithium would stop too. Plus he's hurt his own investment by knocking the price down some. Time will tell I guess but BTC is bigger than one person and let this serve as a warning to us all... don't champion a single person as a hero in this space, humans are shitty and invariably will let you down
You would think that after the whole "from 'Bitcoin Jesus' to 'Bitcoin Judas' " fiasco, the community would learn that lesson. But oh no... The world has an endless supply of fuckwits, sheeple breed at a phenomenal rate, a bit like cockroaches, and the Banksters have beguiled them with "Crypto" the so called next big thing. All these shitcoins are nothing more than FUD tools, to be utilised to discredit and distract from Bitcoin. Elon is just another of these Trojan Horse "good guys" that apparently are anti establishment, but really as evidenced by history are just another privileged cunt speaking with a forked tongue. Yep, it's not like the old days and never will be again. If we want adoption we have to put up with idiots. At least those idiots will now be protected from government/CB printing though. That is, when they eventually stop selling. |
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Lmfao, many assclowns will buy this story... but not us, not us . There is no such thing as Renewable energy atleast not yet ! We are working on it ! ik ik, the truth aint a diaper but it stinks to many  BTW Elon is just doing what everyone has been doing since Bitcoin came out.. i dont know why ya all butthurt cause he tweeting about Bitcoin etc. Miners been manipulating the Market like Elon wouldnt even think of doing. https://www.youtube.com/watch?v=NfGw8crLcDwSo other corporations are starting to shrink back because of what he put out on twitter? Isn't this just all ridiculous at this point? Bitcoin didn't need Elon before so why doesn't he stick to his fiat system which made him where he is today and just keep out of crypto for good? Loli is a cashback company or something I think, you could probably buy Teslas through them at one point and they'd give cash back for doing so. Now they are not going to do that. I don't think they are shrinking back. |
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Fucking Musk hey, if anyone can't see what a sociopathic piece of work this guy is there is no hope for you. Anyway, it has given me a nice opportunity to accrue a little more coin so that's good. Unfortunately, the shitcoins haven't copped it any harder then BTC, which probably means this is just another minor correction and not a major one.
I do think this helps confirm the 2013 repeat though, so I guess a few more months of this shit to go. My only hope is that during this time BTC regains some of it's dominance.
In addition, while Musk is of course a piece of crap, the fact that he was able to trigger this (I'm sure the whales were just waiting for the right opportunity too), means that BTC is still in its infancy, a mature market wouldn't give to shits about an ignorant comment from someone like that. This means mega upside to go, we'll be getting to that million $ coin within the next decade for sure.
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'Doubling yearly' sounds good. I'm OK with that.  Doubling every year (100% up) is not only good, it's excellent. It may seem a little bearish for 2021, but it's a great performance in the long run, and one I'm also perfectly OK with: End of: 2020 $30k 2021 $60k 2022 $120k 2023 $240k 2024 $480k 2025 $960k <--- sat/’ parity (1 BTC = $1M) by end of 20252026 $1.9M This is half of Saylor's 200% up (4x) prediction, which goes like this: End of: 2020 $30k 2021 $120k 2022 $480k 2023 $1.9M <--- sat/’ parity (1 BTC = $1M) by mid-20232024 $7,7M 2025 $31M 2026 $123M I don't really believe in steady progressions like either one of the above. The reality will be much more unpredictable, but it is near-certain that the trend will be positive. I'm expecting to see 6-figure prices this year, and sat/’ parity (1 BTC = $1M) by 2024/2025, complete with the usual and expected pumps 'n' dumps. Guaranteed $1M+/coin prices that one can depend on should take a little bit more time, but we'll get there. HoDL.Sounds god damn awesome to me. |
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Those rags, like all the others, are in the business of making money, not reporting news. You will never get accurate news from journalists. |
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