Former deputy governor, BOE believes Bitcoin can drop to zero. I wonder what his opinion is at the moment.

"Their price can vary quite considerably and they could theoretically or practically drop to zero." Jon Cunliffe saiid.

And what's the different between theoritical and practical drop to zero for BTC?

Can the price theoritically drop to zero but practically trade above $40k. Kinda confusing.

First Women's Bitcoin DADA

meeting in Uganda

just had a buy pop at ~41.5k


this ETF stuff is like the most awesomest thingie ever..

let me check it out.

a5cb85172bf588f562d6b39d9b0041c3c2ca8ccc871b1d2c37bbfc399d7cadbf

Random TX found on the mempool, let's try and see whether it works.

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OP, I don't think many miners are still active here like they used to be a decade ago in the forum so this idea will not work at all.

Apparently it cost too much to pay a human to check mission critical systems with a analog device now.

*glad I'm not going to be around for this future.

Unfortunately too many speculators rely on these "reverse signals", because they are right 95-99% of the time. But what about the 1-5% when they actually get it right? No-one mentions it, because if you've been calling a top in Bitcoin throughout 2023, you're eventually going to make a right call is the reality. It reminds me of Il Capo; if you call a top enough times, eventually you'll get it right! No credit necessary...

As for the chart, this is so far going as anticipated, ie buy the rumour sell the news. The Weekly candle, which is the most relevant right now, as is turning into a massive doji reversal, the likes we haven't seen since October 2021, ie with a 10% wick to the upside, nothing else comes close. There were a few in July and August last year, as well as February 2022, prior to price correcting, but nothing as substantial.

In fact, if price ends the week below $44K, with a -10% wick, it'd be the longest bearish wick since June 2019 that was -20%. Obviously this doesn't mean price will definitely move to the downside, only that out of the handful of bearish doji candles in recent years, all of them led to a correction of some sort; whether that was minor or severe. That said, the current structure still remains bullish above $43K.

It would have been great if there was any miner or member who is part of the F2pool and has a referral code. This way accelerating transactions would be easy using this tool (https://www.f2pool.com/pushtx) and I don't think he would require a very high hash power

Aside from viaBTC's free 20 transactions per hour, that is the only other legitimate tool one could use minus having to pay a fee. The problem is getting the referral code.

some proposals for a new poll:


Which BTC price will be reached first, 50k or 40k?  50k

What is the Bitcoin price at halving date? 61k

What is the highest Bitcoin price until halving date? 62k

Will we have new ATH before halving? No

I really find this strange...it can't be natural behavior.
There must be concrete reasons for this to happen.

How many cycles have we seen this type of event? 4 or 5 cycles? More?

https://newhedge.io/terminal/bitcoin/difficulty-estimator

Latest Block:   825465  (a minute ago)

Current Pace:   97.8070%  (922 / 942.67 expected, 20.67 behind)

Previous Difficulty:   72006146478567.1                            
Current Difficulty:   73197634206448.34                            
Next Difficulty:   between 71632154136678 and 72086154231421
Next Difficulty Change:   between -2.1387% and -1.5185%
Previous Retarget:   January 5, 2024 at 7:36 PM  (+1.6547%)
Next Retarget (earliest):   January 20, 2024 at 12:55 AM  (in 7d 16h 12m 11s)
Next Retarget (latest):   January 20, 2024 at 3:08 AM  (in 7d 18h 25m 17s)
Projected Epoch Length:   between 14d 5h 18m 54s and 14d 7h 32m 1s

Latest Block:   825572  (11 minutes ago)

Current Pace:   99.9679%  (1029 / 1029.33 expected, 0.33 behind)

Previous Difficulty:   72006146478567.1                             
Current Difficulty:   73197634206448.34                           
Next Difficulty:   between 73208068106894 and 73211358075134
Next Difficulty Change:   between +0.0143% and +0.0187%
Previous Retarget:   January 5, 2024 at 7:36 PM  (+1.6547%)
Next Retarget (earliest):   January 19, 2024 at 7:41 PM  (in 6d 20h 31m 37s)
Next Retarget (latest):   January 19, 2024 at 7:42 PM  (in 6d 20h 33m 10s)
Projected Epoch Length:   between 14d 0h 4m 55s and 14d 0h 6m 28s

I think whatever philipma1957 said is 100% true and that's why creating of such thread would be of no help to anyone. The miners who are actually part of this forum and are active here don't have that much hash power and that's why it's not going to be possible for them to accelerate the transactions.

Only the mining pools can do that but I don't think that any of the mining pools may be agree to create such a thread and accelerate the transactions for the members of this forum. The only good option that's for everyone is always going to be Via BTC transaction accelerator.

Well no, not really. It's been well documented in the media and such that this could be an "implosion of new money into Bitcoin" or a "buy the rumour sell the news" type event. So far, I'd say it's the latter, but only time will tell. To me it's more the fact Bitcoin has reached my minimum target for a retracement from ATH to bear market low. It's just a "concidence" it occurred on the day of the ETF launch. Ie, not a coincidence at all.

Even with no ETF launch I'd be taking profits at current levels, because it feels eerily similar to summer 2019 parabolic run, at very similar levels as it were. Even if not I'm anticipating any sort of black swan event, a 35% to 50% correction feel due, much like in 2020 even before the covid crash, ie from $14K to $7K. In this case a think a milder (by %) pull-back to around $30K is in order.

Not gonna lie though, the trend is still bullish, even with current rejection on lower time-frames. It's more the red flags on the chart that's causing me to lose faith in continued upside right now. To me it's the same as $12.8K in 2019, so sure price could go a bit higher in the short-term, but notably anything above $12K back then was a solid selling opportunity. At least until price returned to $7K.

Wouldn’t take the risk myself neither….

Few FIAT bucks profit not to be sure what it’s gonna do….

This time really can be different.
*just not selling any coins on the cheap.

Absolutely, we got and Sample unit few days ago and couldn't get nowhere near 3500w @200ths.
Power usage 3800-3900w.
Best Efficiency got on low power mode 160 th/s @ 2600w what is 16.4 j/ths which very efficient

Long time no post. Came to see if anyone else was selling this news event, guess I'm not the only one. Felt comfortable with a decent sell at $48K. Now will wait for pull-back. Still think we could see $30K within next few months as below $40K there isn't a lot to keep us at higher levels. No doubt ETF will help in the long-run, but that will take a few months imo, rather than a few weeks.

Already the 4hr candle is looking bearish and sellers clearly taking advantage of the "sell the launch" opportunity. Let's be honest 2023 was a good year with +150%, now all that's needed is for price to cool off and balance out. It's ironic as $48.5K was the 0.618 retracement level I had talked about hitting for a long-time, even if it took until 2024 to get there as opposed to 2023 as initially anticipated.

You can consider my return and post as a local top signal 

as soon as the etf got approved i took out some of my lowest sell bids. no sense giving corn away now.

my new lowest sell point is up in the $60ks and that is very subject to change.. upward lol