Call me a bit naive, but I cannot for the life of me understand why money is not moving into bitcoin in a gigantic swirl....yet.
It is obvious that inflation is high, eating everyone's purchasing power.
Stonks are still at the top of the range vs P/E and interest rates.
Real estate went up crazily during Covid and is posed to plunge. All factors point to it.
Gold is not "working" really since 2011.
So...how the populace think that they could keep their funds at least at par vs inflation?
In the USA it is easy to get I bonds at 9.62% Limited to 10K/year...it's nothing even for an average size IRA (it is about 150-200K, if I remember correctly). Maybe i should buy up to the limit, though, thanks for mentioning it. Upon reading up on these bonds, there are more restrictions: you can cash it out after 12 mo (so it's more like a 12 mo CD with a higher yield), but if you cash out before 5 years, then you lose 3mo of interest. |
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Call me a bit naive, but I cannot for the life of me understand why money is not moving into bitcoin in a gigantic swirl....yet.
It is obvious that inflation is high, eating everyone's purchasing power.
Stonks are still at the top of the range vs P/E and interest rates.
Real estate went up crazily during Covid and is posed to plunge. All factors point to it.
Gold is not "working" really since 2011.
So...how the populace think that they could keep their funds at least at par vs inflation?
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It detected these concentric rings around a distant star, whatever they are. https://www.space.com/james-webb-space-telescope-odd-ripples-image The James Webb Space Telescope captured mysterious concentric rings around a distant star that astronomers are still working to explain.
The image, taken in July, was released on Twitter by citizen scientist Judy Schmidt, prompting a torrent of comments and head-scratching. It shows a star known as WR140 surrounded by regular ripple-like circles that gradually fade away. The circles, however, are not perfectly round, but have a somewhat square-like feel to them, prompting speculations about possible alien origins.
"I think it's just nature doing something that is simple, but when we look at it from only one viewpoint it seems impossible, at first, to understand that it is a natural phenomenon," Schmidt told Space.com in an email. "Why is it shaped the way it is? Why is it so regular?" Mark McCaughrean, an interdisciplinary scientist in the James Webb Space Telescope Science Working Group and a science advisor to the European Space Agency, called the feature "bonkers" in a Twitter thread.
"The six-pointed blue structure is an artifact due to optical diffraction from the bright star WR140 in this #JWST MIRI image," he wrote. "But red curvy-yet-boxy stuff is real, a series of shells around WR140. Actually in space. Around a star."
He noted that WR140 is what astronomers call a Wolf-Rayet star, which have spat much of their hydrogen into space. These objects are also surrounded by dust, he added, which a companion star is sculpting into the strange shells.
Astronomers will know more soon thanks to a scientific paper currently under review about this mysterious phenomenon.
"Yes, those nested 'squircular' rings are real," Ryan Lau, an astronomer at NOIRLab and principal investigator of the project that acquired the observations, replied to the Twitter thread. "Our paper on this has been submitted so please stay tuned for the full story." To me, the 'squircular' form of these rings (and they are probably rings, not half-rings due to simply less bright second half (of the ring)) is the most puzzling part. Looking forward to the explanation of a strange form. |
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So, I expect the price to begin leveling off and gradually entering a semi-bull market similarly to both 2015 and 2019. There will be some oscillations, but I expect a clear average price increase of 2-3 times before the next exponential bull market, hopefully in 2025. Yes, it may hit 20K or a little below 20K a few more times, but it is unlikely to break 17.5K anytime soon. It could happen in a few months, if Tesla and other tourists rush to sell again, or if some stable coin explodes. For now, however, the dynamics of the market do not show such signals.
I still think that when the market reaches around $17k and people open long positions, So this time we will see one last unexpected dump which will cause BTC to reach $15k or $12k. During the journey of bitcoin from $18k to $25k, everyone thought that the market would go comfortably to $30k but during that time the rising wedge broke and according to this pattern it is not possible to return before $17k when BTC reaches $17k or $18k, it will be a better idea what is the mood of the market. sorry, 15k-12K is not very original..it has been repeated a gazillion of times here and elsewhere. |
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sheet, man, most regulars around here are supermen or something? at least some?  |
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Fed Plans 2023 Launch of Long-Anticipated Faster Payments System.The Federal Reserve is set to launch a long-awaited faster payments system by next summer, a step that officials say will modernize an outmoded infrastructure and ensure that near-instant payments become widely available.
The new system would allow bill payments, paychecks and other common consumer or business transfers to be available quickly and round-the-clock, a change from an existing system that is closed on weekends and can at times take several days before funds become available. Last year, those older rails handled more than 29 billion payments, valued at close to $73 trillion. this is how Corleone family "soldier" explain "buffers" aka "rails". https://youtu.be/0EWcPlq2YIk?t=60the new "system" is the same as the old one or maybe even worse...lotsa "buffers". |
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Blood Incoming  SHORT IT 20x Agree. Put your money where your mouth is. Already left trading after making 17k from one single trade ($31k to $22k SHORT). https://bitcointalk.org/index.php?topic=178336.msg60375239#msg60375239I don't want to short it but I am holding my Fiat to buy the actual dip. <3 Why not we just wait and watch? or you have Your opinion and LONG IT X20? Or maybe you don't have any opinion because you don't know what the F is going on in the market? sounds like it. Good for you! But personally I don't care what you do with your money, or how many peanuts you get pushing buttons in front of a monitor. There are many people in the WO who went long, when you were still in high school age (according to your bio). Over all these years, there were many analysts and traders posting predictions and models getting it right again and again. For a time they looked like geniuses... until their "lucky streak" ended and everybody started turning their back on them.. It was always just a matter of time... (check out planB, masterluke and all their predecessors) I don't think you are any more special ...assuming you could even hold a candle to one of them. tl;dr If you were a little more humble conveying your predictions, your posts would be far more enjoyable. (in addition you could easily avoid looking like a big ego know-it-all)I enjoyed your AI images btw probably just some young lad who is simply sharing. Made 17K on a trade-good for him, right tl;dr
If you were a little more humble conveying your predictions, your posts would be far more enjoyable. (in addition you could easily avoid looking like a big ego know-it-all)
I mean I got a style, if it looks egoistic to you, it is. You getting it right mate. I enjoyed your AI images btw
Thanks!  it's OK to be cocky around here if the content is right...usually (apart from a couple of notable exceptions) it takes years to establish that...js |
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We're probably going to remain stuck between $15k-$30k for a few years now; just SOMA™ prediction though.
Maybe for 18 months, yes. The next halving is estimated April 2024, I expect us to be around $40,000 then & then obviously the next bull begins as we peak at something like $200,000 in late 2025. Nobody should be under any illusion though, we are absolutely 100% in a bear market now. Should last another 18 or so months. Cheap coins are a gift, boys. Don’t waste the opportunity that the next 18 months brings you. Merited, but $40K at the halving-yes, 170K-200K at the peak-yes, 18 mo-not it my opinion, albeit if you mean reaching back to 69K, then, yes. If you mean "just" 15K-30K for 18mo, I would respectfully disagree, although it depends on stonks. If stonks manage a bull (maybe amid mildly falling rates in the second half of 2023), then we might have a premature "pop" to much higher 40-50K way before halving, but $40K at halving seems very possible. |
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Back under 20K. Inflation hedge my ass. Over long time, maybe. On the other hand, it is still not clear what bitcoin is over the long time horizon (because it is only 13 years old, basically a teen). The only thing I know: it is better than what came before it (fiat). Good enough for me. |
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Dow -869 rn, 33 min to go  This week. Eneco, the largest Dutch energy supplier is going to pay people 0,09 Euro per generated KWh from solar panels sold back into the grid, instead of the previous rate of 0,30 Euro. How can this happen during a time when energy should be getting more valuable? It seems to demonstrate governments and energy companies are completely in an arranged marriage and to screw over the little guy as much as possible and not care AT ALL about the planet and its resources also. https://www.dutchnews.nl/news/2022/08/eneco-to-slash-price-for-solar-panel-buyback/I never expected otherwise, sorry. |
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Who pays if your bill is higher? Gov to company or gov to you (later on)? It must be a UK "thing", specifically, no such "cap" in US (to my knowledge). |
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Most people expect some student loan cancellation tomorrow. Imho, almost everyone would get mad. Some because they don't want anything cancelled, some because they still have a ton after subtracting $10K. $10K is probably a small part of a typical private (or even public) university student loan situation. Unfair!? See what monkeys do in this situation: https://www.youtube.com/watch?v=-KSryJXDpZoTL;DV: they get upset Perhaps, DXY would drop and bitcoin would rally, though...at least this is what I would expect, but markets lately do crazy moves. |
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Now I know it is not an issue with pronunciation, but rather of hearing. Huh. Somethin. healing?  |
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I expect a decline first to 18 thousand dollars and then to 13 thousand dollars within 1 month. I think the market should be looking at these prices as well, especially for the next bull. I think that would be the healthiest thing. It's just an idea. It's not a sure thing, of course.
This opinion (13) is so common and was repeated by "influencers" and crypto twitter so many times, that, imho, it most certainly won't happen (as a bottom). However, I don't have a prediction. There are too many moving parts. Someone else (Bitcoin Bunny?) had a valid point about retail, especially in Europe, having NO money left after heating, transportation and food. That might (or should) affect bitcoin trajectory. My electricity just went from 11 to 15.6 c/kwh (a 42% increase)...I can handle it, but it is a $400-500 monthly bill during summer. Natural gas is also up, but not as catastrophically as in Europe for clear reasons. On a bigger picture: is the economy on the precipice of something nasty? At the moment, i don't think so...or at least not yet. |
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I was once going camping for a weekend so decided to grab enough burger King to last the weekend but didn't want it to get all soggy in the cooler like they do. So I told the counter person to give me 10 Whoppers unmade and she said I can't do that. After a fruitless argument I told her to get the manager. The manager said the same thing and no amount of explaining it didn't matter if it was made or not i'm buyying the same thing. The manager also refused to budge until I said "I WANT IT MY WAY!". The manager acquiesced. True story, glad I remembered that catch phrase. Whoppers on a bonfire were damn good. Yea, sometimes there are some key words that work magic. Here is another situation: city made a mess in my backyard (some repair in the easement zone) and then said that they cannot find the right pavers to finish the job. Calling and writing did nothing for months, until some kind soul said that we should complain about an "uneven pavement". These two words did their magic and everything was fixed within a couple of weeks afterwards (they found the proper pavers in Mexico somehow). |
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 SourceReally A picture Hold 2 Sides Now Just a single step is going to decide where it is going to end. Choose Careful the way to freedom is not easy always remember hardships decide whats you future is gonna be. Im sure sooner / later we are going to understand it but remember there is no turn back so don't ruin your time decide what you want by #Bitcoin modern man: which one has a better Tik tok content? |
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Tick tock, another Block:  Saw your tweet first before this post and I was like what?Who's copying your posts on twitter? :p Anyway from this beautiful block#750,000 I can conclude and if I remember correctly height is stored in unsigned 32 bit int, which puts max height to be 4,294,967,295. Now this means "sooner" we will be running out of the space to store the height. Since blocks are generated every 10 minutes, 750,000 already done so the remaining 4294217295 blocks will be generated within the next ~8170 years. So guys note down by 10192 AD, bitcoin won't be generating any more blocks so make your plans accordingly. I hate to be a "correcting" Nancy, but the last block is projected to occur at around 2140 (you save about 8 thou years of waiting ). https://en.bitcoin.it/wiki/Controlled_supplyForgive me but 2140 is not the time for the last block to be produced but for the block reward to reach ~0… however bitcoin transactions will keep coming and blocks will be getting produced too. you are right, i was talking about block rewards. however, an absolute limit of 8K extra years? Looking from here, it is enough, but it is certainly very far from "infinity". I am surprised that Satoshi set it up with a 8K years cap. If true, it is almost never discussed. Therefore, providing that the estimate is correct, bitcoin contains within itself a paradox of a limited blocks space, necessitating a significant update later on (if civilization would exist that long). Hmmmm...this goes a little bit against the presumption of the unchanging nature of bitcoin. On the other hand, it is not a problem that 99.999% would be concerned about for a "while". |
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Tick tock, another Block: Saw your tweet first before this post and I was like what?Who's copying your posts on twitter? :p Anyway from this beautiful block#750,000 I can conclude and if I remember correctly height is stored in unsigned 32 bit int, which puts max height to be 4,294,967,295. Now this means "sooner" we will be running out of the space to store the height. Since blocks are generated every 10 minutes, 750,000 already done so the remaining 4294217295 blocks will be generated within the next ~8170 years. So guys note down by 10192 AD, bitcoin won't be generating any more blocks so make your plans accordingly. I hate to be a "correcting" Nancy, but the last block (EDIT: with any block reward) is projected to occur at around 2140 (you save about 8 thou years of waiting ). https://en.bitcoin.it/wiki/Controlled_supply |
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