I've reached the acceptance stage. I've come to terms with the fact that I'll be flipping burgers at McDonald's for the next 3 years.



At least until we drop below $2,800 or so. Then it's:

I'm sending out a fat stack of these for Christmas. Practically everyone I know who is investment minded, or who I think might "get it" is getting a copy.
Just because you're not a developer or miner doesn't mean you can't help the cause. 

I've got a joke for you. A whore monger and a conman walk into a mining operation...

Potential upwards Bart incoming?


https://www.tradingview.com/chart/BTCUSD/HIzQ0JNm-Bitcoin-Fractal-Update/

spoiler alert:


no

You can have teams of up to 4.

I just stick to PUBG when I want to play that kind of game.

From a sentiment standpoint, I don't think there's been enough blood.

I was too stupid to sell when BTC went parabolic. I'm sure as hell too stupid to sell now. That's why I:

We're pairing you two up together for third shift at the WO McDonald's.

I'm oh so optimistic - $8,231

I'm prepared to buy all the way down. I will not begin until we reach the next resistance area around $2,700ish.

It seems more likely that bitcoin is on a logarithmic regression curve, like so:

My brain is frazzled and running on caffeine. Here are some loosely organized thoughts:

I started GPU mining around May 2011. BTC bubbled to ~$32 somewhere thereabouts (June-July?) and then collapsed to ~$2. The bear market was swift and brutal.

There was practically no infrastructure or major investment, aside from early ASICs that would soon come online. Hell, Roger Ver's memorydealers.com was one of the few places you could even spend bitcoins. Mt. Gox was basically the only exchange, of course.

Home GPU miners like me were a major part of the ecosystem, and we were purged at this time, as decreasing prices and skyrocketing difficulty soon made mining unprofitable. There was a sort of loss of innocence as we were wiped out and large industrial mining farms took over.

The overall feeling was similar to other bear markets - agony, despair, etc. However, many of us took to heart the rumors of bitcoin's demise. It seemed likely that bitcoin would, at best, remain something of a hobby for cypherpunks. OTOH, the despair was different. It was more about the loss of a dream, and less about the loss of money. Since BTC was so cheap, most people only had like a few grand invested, at most. Unlike Dec. 2017-18 when even the shoeshine boy lost $100K+.

That's his gimmick.

I've been keeping my eye on GBTC, to put into my mine and my wife's IRAs. The premium is too fucking high still. The premium+maintenance fees need to be significantly less than the ~20% capital gains tax that I'd have to pay from selling/using "physical" bitcoin.

With the impending Bakkt launch, GBTC might look like trash in a couple months. I haven't been able to find much information on using Bakkt in IRAs or 401Ks though.