as for the shift in price.
imagine it this way
take it as a percentage say 40% was in china at $0.04 say 10% was in khazahkstan at $0.05 say 20% was in america was at $0.12 say 30% was in europe was at $0.18
the average would be 9.9cents per % now lets take out china
say 40% was in khazahkstan at $0.05 say 30% was in america was at $0.12 say 30% was in europe was at $0.18
the average would be 11cents per % so although this is demo numbers and % per region is not accurate(random demo numbers). it just demonstrates the average is now 11cent
what you actually find out is this though instead of 40% (chinese) willing to sell coin based on a low cost of $0.04% . meaning 40% would sell bitcoin real cheap if the price was to crash. now its a situation of in this demo only 30% willing to sell at the next price point as the MINIMUM anyone willing to sell
so the situation is simple. if we imagine that the thousands of asics needed to mine in china led to say a combined cost of hardware, facility, labour of say $20k. ($4k being electric)
khazahkstan would become the next lowest cost. whereby facility, labour hardware is $22 and electric $5k makes the lowest cost mining now $27k instead of $24k
and as said instead of china 40% willing to at worse case sell down to $24k.. the newer situation in this demo. now has the lowest sentiment now being only 30% wanting to sell down to $27k worse case
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if you have 1 BTC and the market is at around the ATH and your unsure if you want to sell out or wait out for next ATH.. .. the answer is not binary.. you can do both..
EG how about sell 50% of your 1btc. if the price drops you can use that $30k fiat to buy more then 0.5btc at a lower price if the hoarded unspent original 0.5btc goes up in price you will get more then $30k thus win win
if thte price just stagnates for a year. no major up or down what you can then do is look at other official assets and find ones that are on their yearly LOW. and use that $30k fiat to buy in and sell out to increase that $30k to more.
just remember all good advice 1. dont put all eggs into one basket(dont throw all wealth into one choice) 2. buy low sell high
what many also find is never look to throw large investment into one thing. and then hope for a 2x in a limited time. many people prefer to work with 10 allotments + of their wealth. and look for quick or easy 1-3% movements. knowing these 1-3% overtime add up to the 2x factor. but with less risk. less stagnated waiting/hoping/stressing.
as to what to invest in. make sure its legit. EG not some crapcoin thats dev/HQ team is hiding behind proxies with glossy pamphlets of overpromises. make sure the price of a legit asset is not in its seasonal high make sure the investment/transaction fee's of getting in-out are not going to wipe out 1%+, meaning you dont have to wait for higher % just to move. thus able to grab profits sooner/faster
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anonimity is about not associating WHO to a bitcoin payment privacy is about not associating WHAT that bitcoin payment is for
lets take the previous poster who says anonimity is mandatory to him..(blatchcorn) yet in 30 seconds i have associated these addresses to him bc1q9mks3l560y3tsauc0n4w4ym4nr0v6450tv6x7e 1J4ZCUuarqFTRRUtcQAaUJ4oLAVhx75bM6 ^2 addresses of poster just publicly admitting his addresses
v over a dozen addresses using same wallet as the 1j4Z address 14ZveSen3Gmrmy3Acgq74UY1BMxRPPaT5j 1DzxpCB1i6j1JZygnhiqfTiL4hA3q5RYmr 1tm98b3uyngMaVUKpqKMgkB1QNm8r8DJL 1BUEPSa4q7dpedGrgpdTfKhkfmLBeLq2DQ 1NAb9qsmZ64pL6GA1DnkGktCtHTCFJvmVu 162QxHMPExaaYYX8jZtfB6mebu4N6WDZZh 139W3wAhtC3fqLLNvrPHxqDqyXUStL29aC 1HcWrqwmRHj1LXB8jh7Ls96zkZqwVuZeKZ 1KE27MdwfuCX7bSmBY4pfxP29fUAxVP5gR 1KutFw96EppvJUz4ed6ep1MKEUNzzANjCy 1GM4qUkP7eCwjJdR88S15yBMdegNjKyDXx 1HHu7BzFfZfxLq8sV19JTzjeiPrRejiMQC 1PauCQiDZXP3CfmHM73ysk48K4vDJAvv9t
oh, and he is from UK. and atleast 6 years ago lived in birmingham
and he has admitted and associated addresses have shown proof of his use of mixers. meaning he has admitted to a crime of laundering.
so 30 seconds has found enough info for UK police to spend more time on someone that confessed to a crime
oh and his binance hotwallet deposit address seems to be bc1qdlue5pymx4hx8nlsgqsyllk8w9dexnac402uwh
.. just saying. its kinda easy to get info just by clicking a few buttons from a novice that doesnt even have all the analysis tools that some have
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when investors pluck a random number out of their head. usually this number is actually based on their investment price x2
looking back at when he 'bought in' strangely it seems to be true because he bought in at the 2020new year period when the price was ~$34k
.. i have seen it many times before people pluck out prices like "$100k by year end" where it becomes obvious they bought in at the $50k level. some call out $130k. and you read their social media/forum/texts history and you see they bought in at the last ATH of $65k and crying when it then corrected.
most people are happy to 'double their money' as their exit range.. and thats all i see happening with this meme. Elon getting excited that the price is only 15% away from being his 2x factor
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no website link. not business name mentioned. no credentials.. i must be near the ocean because im smelling something fishy
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In my own humble view, I think that the rise of electricity prices will not have considerable push-up effect on the price of BTC...the price is always determined by the market forces
my and pokers conversations about VALUE. is not about PRICE again gold VALUE is ~$1k whilst the SPOT PRICE is like $1.8k market forces (speculation hype, pump and dump bubble) is the PRICE determiner.. but the underlying VALUE is the determiner of the LOW where people stop selling down. you know the ultimate bottom. electric and hash power does not determine the mid(active/spot) or any ATH(all time high) as again for emphasis thats the market speculation premium layer of volatility. but the underlying value is the low imagine it like farming fruit. it costs a farmer 20cents to grow an apple but the retail price for a customer is 60cents. the price can swing up and down from the 60cents but will never go below 20 cents because thats the price the farmer costs it at to sell to supermarkets.. and supermarkets are not stupid enough to sell at a loss. so whilst retail PRICE is market determined. value COST is cost determined. have a nice day
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What you have just explained has made me wonder about something. Do you think that the rise in electricity prices that is happening in many parts of the world, especially where it is being mined the most now like the US, is going to affect the price of Bitcoin? It should, I'd say, even though we are in a bull market I guess it is another factor that will push the price up.
put it this way. chinese mining at say 140exa hash had a $20k underlying value.. meaning no one dares sell below $20k unless foolishly making a bug in their trade bot. now majority of mining maybe outside of china. the lowest cost value is already higher. so say america is majority the average underlying value is about $37k meaning thats the new 'bottom' and toughest resistance to break that no one will dare sell below so its not just hash power but also yes electrical price. slowly making the min price ever to be seen again be on a rise. supporting the price from ever going below a certain value. the only time this bottom value support can decline is if hashrate declines
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PoS works by people staking their coin. . no intense computation needing superior hardware it creates no value. there is no 'cost' in mining. people can put their stake in. and later take it out. no loss
this makes altcoins with PoS have no underlying value in its coin creation. thus reliant on value from the features of what that coin can do/be used for after the creation to keep the coin active/alive.
bitcoin has a real cost of creation via the mining hardware. much like golds underlying cost is in gold mining costs.
because it costs $10's of thousands in electric/hardware to make just one bitcoin. (more precisely hundreds of thousands per 6.25 reward) that gives bitcoin a baseline value. which no one wants to sell below. thus giving bitcoin a good actual store of value. yes there is the vapour/speculative/bubble premium ontop thats volatile. but thats the same with gold
golds underlying cost value is like $1k and the rest of the 'premium' that makes up the combined 'spot' price is the speculative supply/demand, hype
the only reason people want PoS is because the fantasy of profit for nothing. or no-loss profit. but the thing about PoS is if a coin was successful and everyone was using it. eventually the slicing up of the reward being split between everyone involved would leave everyone with nothing. thus majority lose interest
PoS is just a fantasy of getting rich for free. whereby it only really works by pump and dumping the coin to keep it viable and entertaining enough to avoid just turning into a zero utility coin.
because the amount of blocks are limited a viable coin would end up with people having to syndicate their stake into a group of people. much like how bitcoin mines in groups. thus again making it no different and having the same competition. but with an PoS altcoin its a fight to the bottom rather than with bitcoin which is a fight to the top
bitcoins mining method is more secure then PoS and the more hardware competition to mine = stronger hashing which cant be undone as cheap. bitcoins security grows. cost grow. meaning base value grows.
altcoin PoS security does not grow. no matter how much is staked. and if it got popular. there would end up being more people wishing to break an altcoin for quick riches rather than stick to the rule. PoS only survives by having a small userbase of stakers and just enough enticement and fantasy to keep it active.
basically the more that use bitcoin the stronger it gets.. the more that use PoS altcoins the weaker it gets. but it requires enough peters to pay pauls so that the early stakers can leave, but have enough later stakers to keep the fantasy alive.
PoS is not a thing you want to use for something as big as bitcoin.
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smart parents that disagree with a schools direction, advice, just home school their kid or change school districts, and then lobby to change school policy
idiot parents threaten to kill the teachers.. and then badecker posts a conspiracy site article saying they dont understand why authorities then want to react to death threats..
hmm. maybe because idiot parents are making death threats.
if parents want change. they can collectively petition the school board. death threats wont change policy. al that occurs is the parent gets arrested
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It's a shame that many bitcoins were immediately sold in one go. Binance certainly can't be completely blamed in this case, but because the bitcoin owners themselves were careless by selling out once. Maybe he made a mistake when he entered the sell order. One incident which is certainly very beneficial for the buyer, although on the other hand we also regret what was experienced by the seller.
If I remember clearly, Binance warns user if he sets very low sell price and click sell button with a warning message. User must click confirm if he really wants to make a sell order. If this was the situation, then it is 100% seller fault. I am sure that Binance is not the one to blame here. But I am also sure that this seller will try to write letters to support, blame UI and try to get his BTC back. Suggestion to everyone - make <5k$ buy orders, maybe you will be lucky one day the binance.us UI has those warnings. but its API that bots use have different signals. that said it was the sellers fault so i dont think he would be asking for support. he will just knotch it up to his own stupidity and treat its as a learning experience.. eg we all make mistakes. as for luck.. well many people that cant be bothered storing coins in cold wallets/private wallets offline. and prefer to use exchanges as their 'bank account'. many of them do just leave their coin as active orders at low numbers. they dont really hope or pretend their orders will ever get filled due to happy accidents. .. but for those that did on the binance.us orderbook that day. they will be very happy they did. cant say it will ever happen again. and i dont suggest people to leave lots of coin in exchanges for long periods, for the 'hope' of 10x discount accidents.. as it is more likely that a MTGOX 'we lost your coins' is more of a chance of happening instead of profiting
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instead of a central exchange with millions of people all ordering from one orderbook, bitcoin is based on dozens of exchanges. meaning low volume per exchange. meaning thin 'walls'
so instead of the combined 1mill coins making thick walls to protect the price. dozens of exchanges offering dozens of different fiat/btc orderbooks weakens the walls yields. binance, yes just binance alone doesnt just have one order book of say 100k coins for usd/btc. it actually has a few diluted books of usdT, usd, tether and other fiats of 'dollar' to btc meaning that on that certain USD/BTC book it only has combined order yield of like 600 coins protecting the price.
its allows for people with just a few coin to shift the price alot.
if we were in a situation where all exchanges were brokers for 1 central orderbook. where by the collective value was 1mill+ coins. then a user with 500 coins would not put a scratch in the price.
however the decentralised nature means that the particular small yield orderbook of binanceUS usd/btc means he did put a big sinkhole in that orderbook.
luckily though. the usual arbitrage bots that like to take advantage of this and replay the moves on other exchanges to shift other exchanges into the same motion, did not trigger. because if the did, even if there was no trader with a bug that inputed sell down to $8k trading on other exchanges. arbitrage bots woulda caused a ripple effect to cause a movement downwards just to stay inline with the exchange that had the incident.
so that has become a lucky good sign that exchanges are now becoming more decentralised and not so trigger happy to copy/paste order patterns across multiple exchanges
if this incident happened in say 2016, we would have seen many exchanges and their multiple fiat-btc orderbooks sheeple arbitrage react and follow the pattern causing the overal price of all exchanges to drop.
so lets be glad, that the recent event didnt cause cross exchange triggering of prices. but also lets take this as a learning experience that the yields of coin per orderbook is very light of coin. meaning very fragile to change prices easily with little coins.
where by. someone with say 5000 coin. could position themselves to spread their coin over 10 main notable orderbooks. and effect 10 orderbooks simultaneously to dip the price down vastly per exchange and force a trigger of the arbitrage bots of other exchanges to follow suit down.
learn atleast that although there are 18.85mill coins in the bitcoin network. there are not 18.85 mill coins protecting the bitcoin price. in this case binanceUS usd/btc only had about 600 coins in its orderbook listing down to $8k
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I wonder if there's a refund for this considering that those were from their institutional traders.
the institutional trader made a mistake with his bot. so his fault for HIS bot selling HIS coin. the other people on the exchange, if they are effected, well they are buyers. meaning they got cheap coin at discount. i dont have the order history (maybe other people in topic can provide that) but most volume/orders are usually 'full' in the first 10% of orderbook so most of the 500+ coins would have sold at $63k->$57k and then a few dozen below that at probably $57k-$37k and a few dozen $37k-$8k. because the volume at the lower orderlines would be low of yeild the further away from the main spread price minutes before the action in short it didnt sell all coins at $8k. but alot of coins above $60k, and less and less coins as the orders got eating down the price wall. so the loss, averaged out is not as bad as some think.. but for the lucky buyers that did happen to have orders sat at low numbers for the ;just in case' well. lucky for them.
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just goes to show what happens when instead of one central market yielding combined orders that total 1mill coins to defend a price point. but instead there are multiple markets of the same currency pair where many markets only yield a combined orderbook of under 600coin each..
it then doesnt take much to eat through them orders. just be glad that the arbitrage bots of other exchanges didnt trigger their own mass sell off to match the sudden event on binance US,
its one of the many reasons for bitcoin volatility. many exchanges with many having order lines that just a 0.001 can change the price by over 10cents
yep $60 can manipulate the price by 10cents. meaning a market cap that was: 18.85mill coin X $63,000.10 = $1187551885000 becomes 18.85mill coin X $63,000.10 = $1187550000000
meaning that these WEAK exchanges with WEAK volume and WEAK orderline value and WEAK gaps between price points can change a 'market cap' by $1.8m on a particular exchange, by just a single order of $60 of fiat
and also the other weakness. by having low volume of combined orderbook. can send the price of the exchange into free fall with just a few hundred coins.
.. again for emphasis. this bit of drama could have been far far worse if the arbitrage bots were triggered to sheep follow the crash on other exchanges. causing all exchanges of low volume to crash/dip
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Isn't Bitcoin advertised for its privacy? Also, the LN isn't a private network. I'd say that your payment channels are just hidden from the public.
but LN isnt hidden. part of routing is to allow the "gossip" part of the network to gather all info on the network about balances of channels... and also when payments are done the gossip updates new balance.. heck there is even graphic maps of channels, listing the channel partners and much more info than bitcoin reveals. yes you can pretend that it offers no 'history' but if your watching live, over time you can just record your own records of the changes channels make. and then make your own 'history'
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topic creator raises the points about issues with bitcoins network. but things can be done. but are being avoided because its more financially beneficial for devs to just promote their altnet as the solution.
its like saying pepsi's taste is a lil off in recent years. so go have walmart own brand cola instead. rather then actualy tweak pepsi's formula a bit to taste as it should be.. pretending that walmart cola is pepsi
LN is NOT a bitcoin feature. its not a bitcoin layer no blockchain. payment raw binary data does not get accepted on bitcoin the bridge transactions at end sessions have even lost the independant non middleman authorisation the in LN payment unit of account is not the same. (the fluffy front end graphic user interface emulates pretends to be bitcoin. but the hard data passing between users is not)
LN is like visa. by which you have to understand that Visa is not the dollar. visa is not gold. even though people 'perceive' it as being about the dollar.
LN is a separate altnet that multiples currencies can utilise.
the issues with LN are that it has no consensus. it has no network wide audit. it loses alot of the security features of bitcoin and leaves it open to all the vulnerabilities of other systems. and by ignoring trying to actually make bitcoin useful for all. LN becomes an offering to offramp people away from bitcoin. and once away from the bitcoin network then offer altcoins as the exit from LN. thus removing peoples utility of bitcoin
a solution to bitcoin 'growth' is not to remove its utility by taking people away from bitcoin.
making or even just ignorantly allowing bitcoin transactions to be expensive is not going to make people want to exit LN back to bitcoin. bitcoin transactions can be made cheaper. devs just choose not to
so its like showing the person the toll gate out of bitcoin town saying the towns congestion charge is too expensive to own a bitcoin car. then once outside bitcoin town, pricing them out from ever being let back into the town. where by. any new people wont even bother entering bitcoin town because the price of entry is high and so they go to altcoin cabins instead
devs should never EVER be the economic decision makers. and yet for last 5+ years they have been allowed to be. and its actually not benefiting bitcoin
the two main upgrades of the last 5 years. have not been to benefit bitcoin. but to provide exit roads to other networks away from bitcoin.
who would want to run bitcoin full nodes if they never touch the bitcoin network for 3-6 months. who would want to run bitcoin if it takes hours to confirm and at a price more than a hours minimum wage who would want to run bitcoin if its being hindered to pretend its still 2010 technology limitations
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If I am not mistaken, this particular ETF will be using CME's bitcoin derivative as an underlying asset to calculate the price of the EFT. If that is true, no real value will be added in bitcoin market because no physical bitcoins will be transacted during the process and also no money will be pumped into the bitcoin market. This ETF is essentially a bug fraud of the banking system where they create money out of thin air.
Such ETFs can only bring positively into the market but not money!
essentially.. person A in a different market/company. is buying futures contracts where they want to buy bitcoin at X price in Y weeks. whereby at week Y deadline.. that coin for them 0.2 seconds are owned by person A. and is then sold. leaving person A with a profit or loss depending on what the price is then. ^ thats futures the ETF is creating seperate contracts and letting person B buy these.. which the B contract pays person A at week Y. meaning person A never loses any fiat because the fiat risk is shifted to person B person B never even gets the bitcoin for 0.2 seconds. he is just hedging, gambling person A's fiat
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well i some what agree.. having both trump or biden ramble on too much they both start to show their age.. trump was far far worse. but maybe your also old and you forgot the rambles of trump.. but hey. your american and it seems you care about who your leader is and you dont want old rambling guys leading your country.. .. atleast come out and say it. or are you just going to throw around random youtube links and not get to your point. maybe americans should find a younger leader in 2024 in my view. america is only a population of 320mill. if you combine all the english speaking nations it only comes to 0.8bill yet other countries like india. china, africa. have populations of other languages/cultures. so why exactly is america even being seen as the number 1 country. being in main control of things like IMF, UN, and other world stages i personally am white british. so i personally dont see trump/biden as 'world leaders' its called having an outside prospective and thats what grounds me to not care when it comes to american leaders rambles.. but it obviously affects you and makes you think that the world can be over because of them so heres some advice. instead of going on some bitcoin forum to just blast out random youtube links hoping other people realise your point that you are angry about your current and last leaders waffling.. how about do something to get some new blood into position of being electable for 2024
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its called tele-vision.. she was watching them zombie movies. old people with dementia, (something you inherited) watch things on tv and the next day they recall it as if its something that happened to them. mostly they recall air-hostess jokes in the first person, even when never personally getting on a plane. but sometimes its stories of war, UFO or zombie apocalypse
Like our president telling us "his butt has been wiped"? https://www.youtube.com/watch?v=9sQ4L_I9DPk"there must be what?" debunked 23 seconds. yawn
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Not to kill a bunch of vaccinated people who likely follow the rules established by the government and leave the "freedom fighters" alive to cause more problems for the government in the future.
Yeah it will be hell on earth when the supply chains are cut off due to the government exacerbating this situation and forcing people to do something they do not want to do. Back in the early '90s, my mother (rest her soul) had visions of the people being scattered across the countryside after leaving the cities almost entirely. At the time I thought it was going to happen a lot sooner than 2021-2022. its called tele-vision.. she was watching them zombie movies. old people with dementia, (something you inherited) watch things on tv and the next day they recall it as if its something that happened to them. mostly they recall air-hostess jokes in the first person, even when never personally getting on a plane. but sometimes its stories of war, UFO or zombie apocalypse.
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so badeckers response is
"95% of people will be dead in 2 years unless they subscribe to a daily supplement he advertises"
hmm. badecker sounds like the "big pharma" he is pretending to hate. the difference is: a. badecker doesnt even know the science of that stuff. b. the supplements he offers have more ranging side effects c. the supplements hit deeper the wallet over the 2 year d. require people to be more like sheep. endlessly pill popping daily
.. everyone knows badeckers list of ointments and supplements do not do as they are advertised.. but lets enter badeckers fantasy land.
imagine his list of supplements were as effective as a vaccine. would people prefer a single vaccine every 6-12 months FOR FREE. or pill popping a dozen products every day at $XX a month.
now back to reality. his supplement list doesnt cure what its advertised. but he wants 300million americans spending $xx a month on his list of advertised products to make some large pharma company lots of money
badecker is upto now.. what is it 6-7 different products.. manufactured by pharma companies that he wants people to take every day.
oh and yea remember badecker in the past wanted people to inject or drink johnson&johnson soap.. yea. badecker didnt really think too deep about any issues with that
yea i said it. if you need to buy it in a shop, in a container with a brand.. then your probably buying it from a pharma company.. and those companies bottling these supplements badecker advertises, he cant even understand his influencers are using badeckers ignorance and idiocy to advertise big pharma with products not even proven to work.
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