gloom and doom post after gloom and doom post.
i miss chartbuddy
I am not sure what to do about the hashrate . I am still mining and stacking my btc I am selling the other coins I mine. I will be creating multiple LN nodes in New Jersey The LN network could end up being a real force for BTC. And I am still a crab not a fish and i thought i was comfortable that honeybadger was going to, well, kinda what its done in the past, within reason of course. but this is uncharted territory.. always interesting, that. such hubris on my part.. we all know how many f*cks honey badger gives. i think ill put my seat belt on for this one. |
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As a miner.. diff has dropped from 25.3 to 14.4 in last 2 months price has dropped 64k to 34k If you do the math in terms of collecting and stacking coins it means more coins and if you are just selling to cash (I am not). you are making about 5% less in terms of cash 14.4/25.3 x 64k = 36k and price is 34.6k I am concerned with the new diff adjustment coming in 2 weeks https://diff.cryptothis.com/Latest Block: 689509 (31 minutes ago) Current Pace: 85.3997% (38 / 44.50 expected, 6.5 behind)Previous Difficulty: 19932791027262.74 Current Difficulty: 14363025673659.96 Next Difficulty: between 12521597367956 and 14284579252675 Next Difficulty Change: between -12.8206% and -0.5462% Previous Retarget: Today at 2:25 AM (-27.9427%) Next Retarget (earliest): July 17, 2021 at 4:33 AM (in 13d 18h 43m 44s) Next Retarget (latest): July 19, 2021 at 11:51 AM (in 16d 2h 1m 39s) Projected Epoch Length: between 14d 2h 8m 42s and 16d 9h 26m 37s ... We are down about 14% It is very early but a 14% drop on top of the 27.94% drop is more than I thought would happen. If we drop 14% and go from 14.3 to 12.29 we are well under 50% of the gear online That could be a real security issue. I advise all to check the diff and see what it does. this adjustment is important how does that go "the next 2 weeks are critical" https://diff.cryptothis.com/ is easy to understand. I really do not want any drop over 10% in 2-2.5 weeks I would prefer a drop of 5% or less. gloom and doom post after gloom and doom post. i miss chartbuddy |
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[...] first faint glow of daylight in the sky, now off to work, just a half day today so can watch the England Ukraine match later.
man a lot of times thats when im usually going to bed. |
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Say it one more time....(in S. Jackson's voice)  who's pumping? Elvis Costello, Danzel, Technotronic, The Black-Eyed Peas, Joe Budden, MC Hammer, Water Hog 5000, Golden Child (골든차일드), Mike Candys, Moksi, and even Bronisław Komorowski - I shit you not(pun intended). The better question is, who isn't pumping? Not this cat. one word: Pink Floyd edit ok ok math is hard especially after a dozen bong rips. |
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As long as you have a roof over your head and your bills are taken care of you can never buy too much BTC  Exactly. I would never regret looking back at this post or comment in future. I am sure all you Legends/Hero Members loves your yearly gains.yeah. and dont forget to enjoy those potential multi year long losses too. |
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i think it would be hilarious if that court ordered fine were paid to the genesis block. after all satoshi (the real one) has the key to that addy, and it would (possibly?) satisfy the court order. because while even satoshi himself cant spend the 50 btc coinbase reward, he can spend all the stuff thats been sent there since.
although then again it would add some small amount legitimacy to his scam. so maybe not.
i believe this is called "malicious compliance" and im all for it when there are no other options.
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phils adding to his farms i see. and man those stacks of (presumably very heavy) boxes ready to fall over and damage the asics? man what a risk. oh yeah to the peeps too. i guess. |
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i followed MP off and on through the years. like him or hate him he was definitely a smart and careful person.
i got the impression that he had plans for that coin, and even if it wasnt finalized 100% he had a course of action set up in case. whether that plan was take it to the grave (ie "donation to everyone") or to make sure it was used in a matter that he chose is a given. as to what plan was uppermost at the time of his alledged death remains to be seen, but im absolutely sure he gave it the same thought and planning he gave most of his ideas (of course that doesnt mean that all of his ideas and plans were good).
were any addys under his personal control ever known?
another possibility: maybe he has timelocked (whatever that term is.. nLockTime?) txs ready to fire at some point using bitcoins built in equivalent of a dead mans switch?
RIP MP
"F"
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i have kept as much as 3 years worth at the current burn rate (that burn rate does not include traditional regular income from ETF etc) on fiat in there. plus the regular burn rate is in large part covered my my tradition stuff.. 401s, etf, stocks, so even if btc crated tomorrow i *should* bbe set.
The "standard" that is often recommended is 3 to 6 months of current burn rate. For your fiat or cash emergency fund. Interesting that you have 3 years. Although I have read about one traditional early retiree (or maybe he isn't retired yet), that claims he has 7 years worth as his emergency fund. I think that is too much, but hey, that's his comfort and safety level, and good on him for that. Considering the bitcoin cycles, I'd say 3 years is good, 4 years might be better, but beyond that might be wasting your money unless you have more than you really need. I mean, if that guy loses all income for 7 years, he should be good, and still have his capital or other investments intact. 1st my wife and i are retired so that may change ones definition of "emergency." i retired many years earlier than even my most optimistic goal. it allowed my wife to take an early one too but the years early for her were not as much as mine due to reasons. anyway thank you bitcoint. i wouldnt really mind 4 years of emergency money (ie separate from any saving account one may have, as i said emergency money is not used for TVs new computers toys etc. its there for, well, emergencies that could serious fuck up your future. but i settled on three because i have enough passive income through traditional stuff that it takes a load off what i need in the emergency fund. three years even in a bear market will allow some halfway decent price point to be waited for selling if i need to (yes less of course) as i would have plenty of time to sell what was needed before it gets really low (like a local bottom). being able to watch an 80% drop and just wait it out because i know i can wait for a somewhat decent price (as opposed to a mindrust price but no guarantees of course) helps me sleep at night. |
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interesting. yeah i liked to call myself plankton on that scale. but seriously we do need to redo that chart, a "whale" to me indicates someone who has enough corn to move the market on occasion and 15-90 coins doesnt line up with that. you can sell 90 btc and it would basically be unnoticeable in the market. now, if a sloth were a sea animal i would be all set. the sloth is my spirit animal (well a glonk is a better fit though). https://flanimals.fandom.com/wiki/Glonk |
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dude, THANK YOU again for another awesome game. i will take my old prediction of 60,000 USD from the last game, dust it off, throw maybe one brain cell at TA (with the predicable result of NULL) so i again have no reasoning to back it up. so this would fall into entry 242: 242. $59,103.25 - $60,285.31 EDIT crap i will add actual TA in a bit. if the dude or loyce want to delete my entry till then thats cool ill be back EDIT2 ok so my original 60k number im reusing was based on, well, nothing. so here my try at turning nothing into some sort of TA (isnt that how its done anyway?) look we were cruising around 50-60k for a while during the mini runup. and good news was seeemingly everywhere (musk pre fuckery, saylor, banks getting in on the action, taproot - all good signs for UPpity action), and even the occasional (smallish) bad news bits couldnt make a dent. of course then the chinese hash thing came along and pulled the rug out. but now it seems some of that hash will be back, we will figure out the chinese "missing hash" thing soon enough and the trajectory price can go back to that 50-60k range easily enough. so thats where my 60k prediction came from , thats my story and im sticking to it  EDIT3 i really should RTFM before entering contests lol. thanks again dude |
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Dancing around OPsec, but once we are able to reach a certain number of coins, sure we can spend and shave off from some of those coins along the way, but at the same time, each of us should attempt to establish the hanging onto a certain number of coins too.
I will say even for myself, I have had some times in which mistakes were made - but I have retained some ongoing efforts to attempt to hang onto a certain number of coins (and sure that number of coins that I have been striving to hang onto has been adjusted through time), and a lot of this also brings us back to Gresham's law considerations, and if we are keeping some value in other kinds of assets (presumptively some of that is liquid, such as cash), then we should be attempting to figure out ways to spend from the other assets before spending from our bitcoin stash, especially when we seem to be in a dippening kind of stage..
Of course, if BTC prices are in an upwards and exponential price rise period, we might be able to carry ourselves a bit more like drunken sailors and perhaps end up spending a bit more of our BTC stash up to amounts that are within our consideration of how many coins that we are ok. with shaving off before going back to spending our less valuable assets/currencies such as cash.
pretty much as you say. but there can come a time when you absolutely need some most or even ALL your corn sold. dont even feel bad about it. be thankful you have it. beads crushing debt, hospital bill that will send you to section 8 housing. never sell btc unless its for funzies (ie you have plenty of corn. maybe even look to replace that btc with fiat if it drops but dont depend on it. and usually i dont ever bother to re buy back on dips depending on what my reserves look like - although i do on occasion. frex last year i found the need started to keep a large cash position that i have on the "DONT MOVE THIS FIAT" account. and yes the emergency account that ONLY is used for that. i have kept as much as 3 years worth at the current burn rate (that burn rate does not include traditional regular income from ETF etc) on fiat in there. plus the regular burn rate is in large part covered my my tradition stuff.. 401s, etf, stocks, so even if btc crated tomorrow i *should* bbe set. |
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Just a calculated Prediction: Crypto Market will be worth $8 Trillion in Sept, 2024.
Bitcoin Price: $240,000
Ethereum Price: $14,136
Cardano Price: $10.16
BNB Price: $2,176
What do you think about my prediction?
there FTFY |
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Someone who was here since 2011 has got to be a whale, maybe even a 'blue whale', unless they were into some "other" stuff early.
It figures.
vapourminer looks at his join date*cough* or just stupid *cough* He's ONLY presumptively a month richer than uie poo-ie. im sure there are some from 2011 that are VERY well off. im also sure a lot of peeps from that same period crashed and burned HARD during those wild days. seriously fun times. paid my dues in lost coins, scam projects, failed hardware, failed wetware... you get the picture. |
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Someone who was here since 2011 has got to be a whale, maybe even a 'blue whale', unless they were into some "other" stuff early.
It figures.
vapourminer looks at his join date*cough* or just stupid *cough* |
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It just seems likely that the coins will simply never move and the longer they don't move, the likelier that is to remain. And it keeps everything simple, nothing moves, nothing is really burned, they are just all where they are. Any coins that have not moved in the last ten years, would seem unlikely they will ever move at all, except for those few miners who were not Satoshi, and there will be news when a coin mined in 2009 moves.
satoshis early coins were P2PK (pay to public key) so are vulnerable to attack by quantum computers as the public key is known. but then satoshi went to P2PKH (pay to public key Hash) so will remain.. so satoshis early P2PK coins will be swept up when quantum computers get powerful enough. 10-20 years is whats ive read here and there. ...maybe. as i barely understand any of this. so someone correct me if wrong please. |
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add MY age in and even better.
I see companies do that all of the time. We have 10 board members who's collective age and experience is 500 years (or something absurd)... Like you can simply have a team of 20 to 30 devs who have 2000 years of experience? yeah kinda funny that but now that you mention it.. wonder what satoshis (sole/combined) age is? 40 yo? 200 yo? 5000000000000 yo (if the nsa did it) |
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hey I just reaized i am 64 my wife is 65 and the btc alltime high floated around those numbers 64k-65k
interesting. i was gonna ask you to age faster but that would be rude. Maybe we find a couple with such a bodyweight and they can do that instead of their age. well tbh i would be happy enough if phil and his wifes combined age (129 years so $129k USD) were the ATH this time around, so we can still go by age. add MY age in and even better. |
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hey I just reaized i am 64 my wife is 65 and the btc alltime high floated around those numbers 64k-65k
interesting. i was gonna ask you to age faster but that would be rude. |
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chartbuddeeeeeeeeeeeeeee
no 3 bagger 4 U
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