philipma1957
Legendary
Activity: 4942
Merit: 12336
'The right to privacy matters'
|
 |
November 25, 2020, 12:52:28 PM |
|
Anyone know why Max Keiser keeps saying 28k? What's special about 28k?
I listened to his show a couple weeks ago and I thought he said something about a long term trendline there. Maybe it's a fib? 25-30k would be equal to July 2019 13k from the mining profit viewpoint. When we got to 13k in July 2019 we corrected. Maybe he is getting his 28k number from this interpretation of mining profits. as a miner when we got to 13k last year I was earning too much money for the gear prices I had invested so I knew we would correct. Which is why I am not that excited about the 20k level as I feel 18-22k levels would give me the correct profit levels for the money I have invested in gear. |
|
|
|
|
|
_javi_
|
|
November 25, 2020, 01:22:36 PM |
|
Anyone know why Max Keiser keeps saying 28k? What's special about 28k?
I listened to his show a couple weeks ago and I thought he said something about a long term trendline there. Maybe it's a fib? 25-30k would be equal to July 2019 13k from the mining profit viewpoint. When we got to 13k in July 2019 we corrected. Maybe he is getting his 28k number from this interpretation of mining profits. as a miner when we got to 13k last year I was earning too much money for the gear prices I had invested so I knew we would correct. Which is why I am not that excited about the 20k level as I feel 18-22k levels would give me the correct profit levels for the money I have invested in gear. I cant agree with you more. That moment when you know the mining income isnt "sustainable" and then the price corrects. At this moment the profits are nice (at least, on gpu mining), but not in the bubble/unsustainable territory. Maybe eth volcano is starting to spurt its last lava.. On the other hand, some indicators are suggesting a correction is coming. 3D RSI still has some point to rise.. but i think its on the brink of turning down. I observe some decent walls at $19500 and above on stamp. Call the badger, he has some work to do! |
|
|
|
|
LFC_Bitcoin
Diamond Hands
Legendary
Activity: 4354
Merit: 13095
|
|
November 25, 2020, 01:40:39 PM |
|
@APompilano We are watching simple supply and demand economics play out. Bitcoiners aren’t selling their Bitcoin. The halving cut incoming supply. There is a significant increase in demand. Price has to go up to accommodate. This isn’t rocket science. https://twitter.com/apompliano/status/1331591543556345856?s=21 |
|
|
|
|
bitcoinPsycho
Legendary
Activity: 3032
Merit: 2970
$220000 in one hour confirmed
|
|
November 25, 2020, 01:43:43 PM |
|
@APompilano We are watching simple supply and demand economics play out. Bitcoiners aren’t selling their Bitcoin. The halving cut incoming supply. There is a significant increase in demand. Price has to go up to accommodate. This isn’t rocket science. https://twitter.com/apompliano/status/1331591543556345856?s=21No its rocket science and math |
|
|
|
|
strawbs
Legendary
Activity: 875
Merit: 1362
|
|
November 25, 2020, 01:44:51 PM |
|
I think this could be, Gentlemen
|
|
|
|
|
|
ghandi
|
|
November 25, 2020, 01:45:03 PM |
|
another push for the ATH incoming!  |
|
|
|
|
ivomm
Legendary
Activity: 1934
Merit: 3464
All good things to those who wait
|
|
November 25, 2020, 01:46:00 PM |
|
Dat 600 BTC wall at stamp around 19500$ is the last hope of the bears.  |
|
|
|
|
600watt
Legendary
Activity: 2338
Merit: 2106
|
|
November 25, 2020, 01:48:11 PM |
|
Dat 600 BTC wall at stamp around 19500$ is the last hope of the bears. getting eaten! new ath in 3... 2... 1... |
|
|
|
|
P_Shep
Legendary
Activity: 1839
Merit: 1408
I guess this is OK.
|
|
November 25, 2020, 01:51:14 PM |
|
This is gentlemen, gentlemen.
|
|
|
|
|
OutOfMemory
Legendary
Activity: 2352
Merit: 5366
Man who stares at charts (and stars, too...)
|
|
November 25, 2020, 01:52:49 PM |
|
Dat 600 BTC wall at stamp around 19500$ is the last hope of the bears. getting eaten! new ath in 3... 2... 1... This is gentlemen, gentlemen.
Made it to the party in time, phew... But what are those filthy walls, growing while being bought into? Pull-effect? |
|
|
|
|
AlcoHoDL
Legendary
 Online
Activity: 3178
Merit: 7518
Addicted to HoDLing!
|
|
November 25, 2020, 01:52:51 PM Merited by JayJuanGee (1) |
|
How you going to pay in BTC if the person refuses to accept BTC..? Hold a gun to their head? You cannot assume away the point that I was making by saying, "if you pay in BTC" when you have not even gotten to that point yet, can you?
Of course. However some places do take BTC, yet I've never seen one whose prices are BTC nominated, and don't move with the BTC/USD price. So in reality the prices are still un USD (other fiat). As long as they use fiat to pay for their supplies, their BTC prices will always move with BTC/fiat. To have truly BTC-nominated prices, everyone in the supply chain has to be BTC-nominated, and, sadly, that's still a long way away... For now, fiat is a necessary evil, if you want to enjoy your riches. Sadly... |
|
|
|
|
OutOfMemory
Legendary
Activity: 2352
Merit: 5366
Man who stares at charts (and stars, too...)
|
|
November 25, 2020, 01:54:10 PM |
|
How you going to pay in BTC if the person refuses to accept BTC..? Hold a gun to their head? You cannot assume away the point that I was making by saying, "if you pay in BTC" when you have not even gotten to that point yet, can you?
Of course. However some places do take BTC, yet I've never seen one whose prices are BTC nominated, and don't move with the BTC/USD price. So in reality the prices are still un USD (other fiat). As long as they use fiat to pay for their supplies, their BTC prices will always move with BTC/fiat. To have truly BTC-nominated prices, everyone in the supply chain has to be BTC-nominated, and, sadly, that's still a long way away... For now, fiat is a necessary evil, if you want to enjoy your riches. Sadly... Like toilet paper EDIT: It's worth shit, but everybody needs it to ... enjoy it  |
|
|
|
|
El duderino_
Legendary
Activity: 3318
Merit: 15724
“They have no clue”
|
|
November 25, 2020, 01:56:37 PM |
|
|
|
|
|
|
fragout
Legendary
Activity: 1280
Merit: 1020
|
|
November 25, 2020, 01:57:11 PM |
|
Dat 600 BTC wall at stamp around 19500$ is the last hope of the bears. It held with about $8 million left.So not yet. not yet . BTC teases us |
|
|
|
|
OutOfMemory
Legendary
Activity: 2352
Merit: 5366
Man who stares at charts (and stars, too...)
|
|
November 25, 2020, 02:01:51 PM |
|
Dat 600 BTC wall at stamp around 19500$ is the last hope of the bears. It held with about $8 million left.So not yet. not yet . BTC teases us * OutOfMemory putting the champagne back to the fridge  |
|
|
|
|
P_Shep
Legendary
Activity: 1839
Merit: 1408
I guess this is OK.
|
|
November 25, 2020, 02:02:06 PM |
|
Or maybe not JUST yet
|
|
|
|
|
bitserve
Legendary
Activity: 2072
Merit: 1772
Self made HODLER ✓
|
|
November 25, 2020, 02:08:20 PM |
|
Or maybe not JUST yet
Are we poor again?! |
|
|
|
|
fragout
Legendary
Activity: 1280
Merit: 1020
|
|
November 25, 2020, 02:08:40 PM |
|
Or maybe not JUST yet
yap. soon. Its close. one more push. There are of course different ATHs depending on what exchange but I believe it is the Bitstamp price that has always been used her which is 19,666 |
|
|
|
|
AlcoHoDL
Legendary
Online
Activity: 3178
Merit: 7518
Addicted to HoDLing!
|
|
November 25, 2020, 02:09:31 PM |
|
It's all good.
The time everyday goods prices will truly be BTC-nominated, is the time a cup of coffee will cost one (1) sat.
HoDL.
|
|
|
|
|
fragout
Legendary
Activity: 1280
Merit: 1020
|
|
November 25, 2020, 02:10:23 PM |
|
Any forecast as to what to expect if the ATH is broken? . continue as normal, big spike, dump??
|
|
|
|
|
|
Poll
