Toxic2040
Legendary
Offline
Activity: 1806
Merit: 4170
|
|
November 11, 2020, 06:23:53 PM |
|
new yearly highs gentlebeings #dyor 1h 4h #stronghands
|
|
|
|
philipma1957
Legendary
Offline
Activity: 4298
Merit: 8779
'The right to privacy matters'
|
|
November 11, 2020, 06:27:20 PM Last edit: November 12, 2020, 02:04:03 PM by philipma1957 Merited by JayJuanGee (1), Torque (1) |
|
2020-10-21 12,584 2020-10-22 12,963 2020-10-23 12,914 2020-10-24 13,053 2020-10-25 13,077 2020-10-26 13,063 2020-10-27 13,446 2020-10-28 13,372 2020-10-29 13,321 2020-10-30 13,406 2020-10-31 13,766 2020-11-01 13,762 2020-11-02 13,545 2020-11-03 13,632 2020-11-04 13,908 2020-11-05. 14,937 2020-11-06 15,570 2020-11-07 15,076 2020-11-08 15,255 2020-11-09 15,364 2020-11-10 15,325 2020-11-11 15,562 note pulled info from here https://bitcointalk.org/index.php?topic=138109.msg55488187#msg55488187as I noted in an earlier post { https://bitcointalk.org/index.php?topic=178336.msg55491561#msg55491561 } the best streak of above 12,584 was from 2017-12-06 to 2018-01-15 that was 41 days so 21 down and 20 to go. This will be a really nice streak to break. If we stay hot we break the streak on Dec. 2, 2020 so 2020-12-02 here we come. We also are developing a second streak Nov 1 on is above 13545 we have never had a full month from day one stay above 13000. I for one want to see both things happen. and we are unfolding a third streak more on that later. At Torque "Hey philipma1957, any thoughts on when Bitcoin hashrate will be back up to October levels?" assuming the hot streak continues 3-5 jumps. this one is +5% https://diff.cryptothis.com/Latest Block: 656476 (6 minutes ago) Current Pace: 105.2265% (1277 / 1213.57 expected, 63.43 ahead)Previous Difficulty: 19997335994446.11 Current Difficulty: 16787779609932.66 Next Difficulty: between 17554700692391 and 17680077718262 Next Difficulty Change: between +4.5683% and +5.3152% Previous Retarget: November 3, 2020 at 3:17 AM (-16.0499%) Next Retarget (earliest): Monday at 10:36 AM (in 4d 21h 2m 56s) Next Retarget (latest): Monday at 12:51 PM (in 4d 23h 17m 29s) Projected Epoch Length: between 13d 7h 18m 40s and 13d 9h 33m 13s copy stats to clipboard Last summer pre covid 2019 we peaked at 13,000+ a coin and blocks were 12.5 coins and the diff was 9.0t the diff is now 16.79t price is 16k vs 13k I am rounding. so 16.79/9 = 1.8655 harder 2 find a block and coins are ½ so 2 x 1.8655 = 3.731 worse for a miner factor price move to 16 from 13 1.23 better so 3.731/ 1.23 = 3.03 worse the last summer when we hit 13k do one more factor gear may be 50 watts vs 80 watts so 80/50 = 1.6 3.03/1.6 = 1.893 x 1 worse for miner then july 2019 when we hit 13000. long translation our 16 k price needs to be at 28-31k for a miner to be doing as good as when we were at 13k last year. How much pressure is that for upwards price or upwards diff or both. Basically your anti-proudhon movement it the fun part for me to play head games with myself.
|
|
|
|
600watt
Legendary
Offline
Activity: 2338
Merit: 2106
|
|
November 11, 2020, 06:33:43 PM |
|
common reaction of pre-coiners. I missed the train, that stuff must be criminal and that is why I didn't buy. side note: bitcoin rises seems to correlate with USD loosing strength. 2017 for example was a very bad year for the dollar. the pumps of 2020 were also correlated in that way so far. I sometimes check not the btc price but the Euro/USD and it is sometimes correlated up/down to the same minute. for the last few days though, the USD is getting stronger vs all other fiat currencies but bitcoin has risen anyway. 16000 in 3... 2.... 1....
|
|
|
|
ghandi
|
|
November 11, 2020, 06:35:28 PM |
|
Haven't been around here since 2 years. But before the ATH i need to log back on!
|
|
|
|
vapourminer
Legendary
Offline
Activity: 4508
Merit: 4087
what is this "brake pedal" you speak of?
|
|
November 11, 2020, 06:38:40 PM |
|
I think we'll go just a little bit over $16k and stay there for a short time, before going back under $16k.
But then we won't stay in the $15xxx land for long either. Maybe a day, maybe less.
Then we'll go into $16k for good.
remember when 16k was a big deal? now its just "meh"
|
|
|
|
Torque
Legendary
Offline
Activity: 3738
Merit: 5327
|
|
November 11, 2020, 06:40:18 PM |
|
I think we'll go just a little bit over $16k and stay there for a short time, before going back under $16k.
But then we won't stay in the $15xxx land for long either. Maybe a day, maybe less.
Then we'll go into $16k for good.
remember when 16k was a big deal? now its just "meh" Remember when we couldn't stay above 9k, over and over again?
|
|
|
|
philipma1957
Legendary
Offline
Activity: 4298
Merit: 8779
'The right to privacy matters'
|
|
November 11, 2020, 06:49:11 PM |
|
I think we'll go just a little bit over $16k and stay there for a short time, before going back under $16k.
But then we won't stay in the $15xxx land for long either. Maybe a day, maybe less.
Then we'll go into $16k for good.
remember when 16k was a big deal? now its just "meh" Yes as I show above it is decent for a miner but not as good as 13 k was in July of 2019
|
|
|
|
philipma1957
Legendary
Offline
Activity: 4298
Merit: 8779
'The right to privacy matters'
|
|
November 11, 2020, 06:52:52 PM |
|
I think we'll go just a little bit over $16k and stay there for a short time, before going back under $16k.
But then we won't stay in the $15xxx land for long either. Maybe a day, maybe less.
Then we'll go into $16k for good.
remember when 16k was a big deal? now its just "meh" Remember when we couldn't stay above 9k, over and over again? yes and it was really borderline for me to: mine at 7500 a grind at 9000 I will take these 15000-16500 numbers all day long
|
|
|
|
Toxic2040
Legendary
Offline
Activity: 1806
Merit: 4170
|
|
November 11, 2020, 07:00:31 PM |
|
short fib change ups #dyor #stronghands ---- Haven't been around here since 2 years. But before the ATH i need to log back on! wb +1 WOsMerit
|
|
|
|
Phil_S
Legendary
Offline
Activity: 2111
Merit: 1538
We choose to go to the moon
|
|
November 11, 2020, 07:00:57 PM |
|
We sure got there fast...
I expected modest gains, like maybe reaching 13k by the end of 2020.
|
|
|
|
JayJuanGee
Legendary
Offline
Activity: 3892
Merit: 11120
Self-Custody is a right. Say no to"Non-custodial"
|
|
November 11, 2020, 07:06:18 PM |
|
I watched that about three minute clip with Dalio. Hm? For some reason, I had thought that Dalio was one of the BIGGER traditional financial guys who was slowly starting to warm up to bitcoin, but apparently he is NOT getting it... and seems that part of the NOT getting it has to do with his being unable or unwilling to distinguish bitcoin from shitcoins. He acts as if he knows the difference by creating two categories of analysis that involves bitcoin and other crypto currencies and then another category is central bank related digital currencies. This is a very incomplete and even neophyte kind of framework, and it is difficult to know if he really thinks those things or is he faking his level of dumbness. He also does NOT seem to get the difference between bitcoin and gold, either. He seems to believe that gold is superior to bitcoin, yet his analysis in that direction seems quite incomplete too in terms of largely relying on a kind of presumption that gold is better because it is already known blah blah blah... Sure, it is possible that he could learn in the coming years, but he is coming off as quite stubborn at the moment.. kind of coming off as a kind of Jaimie Dimon from 2014/2015.. and now, in recent times, Jaimie Dimon is actually coming around to bitcoin, no? So could just be a matter of time, before Dalio starts to see the light. Perhaps? Perhaps?
|
|
|
|
Phil_S
Legendary
Offline
Activity: 2111
Merit: 1538
We choose to go to the moon
|
|
November 11, 2020, 07:09:08 PM |
|
|
|
|
|
600watt
Legendary
Offline
Activity: 2338
Merit: 2106
|
|
November 11, 2020, 07:10:46 PM Last edit: November 12, 2020, 08:59:43 AM by 600watt |
|
remember when 16k was a big deal? now its just "meh"
Remember when we couldn't stay above 9k, over and over again? i remember when $100 was a big deal it was easter of 2013. strolling down a beach at the Baltic Sea. snow on the beaches. checking the price as it went over $100. bitcoiners know where they were... Dec 2nd 2013 (at home, felt like a god of financial decisions) Jan 15th 2015 (at home, felt like shit) Jan 5th 2017 (picking up kids from gym) Dec 15th 2017 (at home, god again) there were numerous additional boom or busts, of which I know exactly where I have been. it actually helps me to remember things of the past in the right order. edited
|
|
|
|
ErisDiscordia
Legendary
Offline
Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
|
|
November 11, 2020, 07:14:17 PM |
|
That's usually a proven sign of a multi-year downtrend top, so I expect another 2-3 years trend toward $250 or so. Excellent shorting opportunity if you know enough science and math. BRB selling all my coins Tell me please, how were the other higher tops reached then?? The fnords did it - but they are gone now. Without them, Bitcoin is lost and so are you if you don't sell soon. Listen to the anarchist llama. Haven't been around here since 2 years. But before the ATH i need to log back on! Welcome back. Just got here myself after months (years?) of being too bored by the price. Grab a snack (I hear golden delicious apples are all the rage lately) and enjoy the show. I can't remember in exactly what thread, but R0ach was outed long ago as a bitcoin/shitcoin day trader on Bitfinex.
Oh the things one misses out on when in hibernation! Roach was a marvelous agent of chaos while suffering from a massive aneristic conspiracy-illusion himself. Sad to see him go. Good riddance! Hail Eris!
Always remember, my children (except on Fridays) - It's all bullshit but that it was makes the flowers grow. Would you want a world without flowers?
|
|
|
|
Torque
Legendary
Offline
Activity: 3738
Merit: 5327
|
See, I have a different take on all of this: that these kinds of financial personalities have always known the true value of Bitcoin for many years now. It's all about their message to the public, based on what their wealthy elite "handlers" tell them spout. It served the wealthy elite well to tell the public that Bitcoin was a financial scam and to stay away from it for the first 10 years. Why? Because that was when Average Joe could actually get Bitcoin "rich" with a very very modest investment. They are incentivized to keep the majority of Average Joes out there working until they die. (It's the same reason that tech startups don't trade on public markets at $0.10/share or even $0.01/share way before IPO) But now? Not so much. Bitcoin's trajectory to higher multiples will likely be a much slower pace now. Average Joe would have to invest so much more now to become "rich", and likely that amount is out of reach for most of the masses. So therefore now all these financial personalities are "turning the corner" and now saying that Bitcoin is not a scam, and a possible investment.
|
|
|
|
JayJuanGee
Legendary
Offline
Activity: 3892
Merit: 11120
Self-Custody is a right. Say no to"Non-custodial"
|
|
November 11, 2020, 07:22:23 PM Last edit: November 11, 2020, 07:32:25 PM by JayJuanGee |
|
Yeah... That is a step in the right direction for Roubini to at least recognize that there is a kind of immutable bitcoin algorithm that distinguishes it from various shitcoins... so little by little, Roubini might start to come around.. perhaps? Perhaps? I am not going to hold my breath.. and ultimately coming around is on him, and he might start to look like less of a fool.. Perhaps? Perhaps? Edit (seen Torque's response after my above post): I don't buy Torque's conspiracy angle.. even though I can appreciate what he is saying regarding the difficulties of regular joes to get ahead when they are surrounded by "experts" but at the same time, regular joes are going to stay regular joes if they cannot figure out ways to engage in critical thinking - which is actually a thing that can be learned - either by going to college and develop those skills or through auto-didaction.. .a problem with auto-didaction is that there are so many ways that regular joes can get drug down pathways that are truly NOT helpful, and by the time they figure it out, they may well NOT have too many years left in their bodies in order to actually benefit from their having had gone through a process of self-teachings.
|
|
|
|
infofront (OP)
Legendary
Offline
Activity: 2646
Merit: 2793
Shitcoin Minimalist
|
|
November 11, 2020, 07:30:46 PM |
|
That's usually a proven sign of a multi-year downtrend top, so I expect another 2-3 years trend toward $250 or so. Excellent shorting opportunity if you know enough science and math.
BRB selling all my coins Fnord.BRB shorting Bitcoin at high leverage Go, proudhon, go!
In case anyone may wonder at my fondness for art involving Venus (Aphrodite) with an apple, I am what men sheep call “evil”. A wordy-man post with philosophic PROOF of my evilness is forthcoming in the discussion thread for the poll where you can VOTE, VOTE, VOTE for me as the forum’s “Antihero”.Hey, goddesses, Eris was only trolling you!Subject: [WO] Bears, bulls, mellivores, and Venus contemplating a shiny fruitAlways timely. An inadvertent riddle, which needed some explaining:European culture in 1808: Pauline Borghese (née Bonaparte; Napoleon’s sister) poses as Venus with an apple.Fun fact: Pauline had an affair with Paganini. * nullius carries on simultaneous affairs a ménage à trois with Eris and Aphrodite—whilst courting the virgin Athena Pallas. Athena Pallas: Virgin goddess of War and WisdomNietzsche: She and her sister Truth have rejected the advances of the philosophers philosophasters.Photo: Jürgen Howaldt I did not mention how hard I searched for a semi-nude of this virgin.Whoopsie! Troy got rekt! Time for the goddess of sex to send forth her Trojan son to become the forefather of Rome. Nobody accords to Eris the proper credit for starting this chain-reaction of creative destruction. Poor Eris. :-(Upon his arrival in Latium, Aeneas, blessed for victory by his goddess-of-sex mother, won himself a wife the old-fashioned way: Killing his rival. He then became the Latin king. Protip: When a nice guy wants a princess, he buys her diamonds— #ToxicMasculinity ♂ #MakeLoveNotWar ♂ #CodeOfConduct Hail Eris!I'll just leave this here:
|
|
|
|
cAPSLOCK
Legendary
Offline
Activity: 3822
Merit: 5268
Note the unconventional cAPITALIZATION!
|
|
November 11, 2020, 07:36:38 PM |
|
My body is ready... Come on... Just a little bit more...
Bob, are you coins somewhere there? Is that Gemini's depth chart? That's the first question.
|
|
|
|
cAPSLOCK
Legendary
Offline
Activity: 3822
Merit: 5268
Note the unconventional cAPITALIZATION!
|
|
November 11, 2020, 07:45:53 PM |
|
Just gonna drop this here... hourly...
|
|
|
|
JayJuanGee
Legendary
Offline
Activity: 3892
Merit: 11120
Self-Custody is a right. Say no to"Non-custodial"
|
|
November 11, 2020, 08:21:19 PM |
|
Just gonna drop this here... hourly... What's it mean, cAPSLOCK? Dínoslo.
|
|
|
|
|