1W canle doesnt look too pretty, we still might have another shakeout upon us.
I am shaking in my boots just thinking about it.
How low do you think we might be shakened out?
Perhaps lower $63ks or worse mid $61ks?
That would really suck.
Thie is getting way beyond popcorn level.
Interesting times.
Thanks, good to know. Question: Did you guys do the Astra Zenica vaccine there, or Sinovax, or Sputnik? Curious to see how those stack against good ole Moderna 5G tech.
This would be funny if it wasn't sad (about 5G crap).
In my home state of TX, it is "damn the torpedoes".
No mask mandate, no vaccine mandate, no req to wear mask at businesses and the work place.
It is more freedom, though, which I respect (in comparison with all those dictatorial mandates in some other countries). We shall see.
Would I have preferred students in masks for the time being? Maybe, but most of them do this on their own (without a req).
At least, no one yells at you for wearing (or not wearing) a mask anywhere, which is a plus, I suppose.
Either way we are all going to die one day sooner or later.
But I really hope I at least get to see BTC get to 70k so I can stop feeling guilty about guarantying it back in may 2021.
In the meantime a coin that does not go sideways seems pretty close to exactly that. 64k diff of 25 in april and now 66 k with a diff of 22.9 in Nov. So last seven months if you cherry-pick april to nov sideways it is.
hey JJG do you think June seven month from now we are at 70k and a diff of 28?
I don’t.😊
I am having a hard time understanding your point.
I have given various relatively recent prognostications about the various probabilities of the Upside of BTC for this cycle regarding both price and time... and nothing in recent days or weeks have really changed my senses of where we are at, how we got here or where we are likely to go. I can provide you some links to some of the recent posts give my time and price ideas if you want them for ease of reference.
I have not given much if any prognostications in regards to mining hashrate.. and surely not much about correlations to price except to assert that hashrate does not meaningfully and significantly direct BTC price, there are other way the fuck more convincing price models to show how BTC price tends to work.. do I need to repeat in that area?
Anyhow, back to hashrate, even though I anticipate that hashrate is likely to continue to go up in the short to long term.. and sure there could be some speculations regarding how much such hashrate continues to go up and various mining equipment supply issues..and I do not tend to follow those issues too closely, even though I appreciate that there are some potential supply chain issues currently in existence in regards to bitcoin mining, and I also suspect that bitcoin is at least 100x oversecured so it can sustain some shocks to its system.. even though the BTC hashrate is not currently in any kind of bad place, and I cannot really see how any kind of possible current hashrate (or supply chain) issues are going to significantly or meaningful contribute to current BTC price dynamics.. and surely, it is not a bad thing to have what appears to be a quite a bit of extra computing power that is being utilized to mine/secure bitcoin.... ... maybe I am a bit loosey goosey with my 100x numbers?.. I don't proclaim to be any kind of pro in assessing those kinds of questions regarding the extent to which some of the mining might be fake or strategic sybil attacks rather than real but I do have enough confidence in some of the data points that I am able to see in regards to difficulty adjustments and how those kinds of adjustments have been adjusting up and down in relatively incremental ways.. something like 9 positive upwards adjustments in row seems to be a decently good/healthy sign...
https://btc.com/stats/diff?_ga=2.166892222.1079250679.1586286038-48233127.1586286038Just started a new difficulty period within about the past 26 hours as I post this.
Surely from what I heard, currently there seems to be a decent amount of profits in mining bitcoin and some of that seems to have had related to some of of the seeming china shenanigans whether information has been accurate or not regarding a lot of Chinese mining getting pulled off line, and I hardly have any clues how long mining will stay quite a bit into profitable in terms of also being able to use 6 year old equipment with quite a bit of profits and/or by how much.
The amount of profitability surely does have likelihoods to draw in new miners into the space (incentives and such.. you heard about that, no?).. and no I do not conclude that the Bitcoin price is going to come down merely because miners are overall profitable... but could be restricted to new players if they cannot get ahold of mining equipment... and I believe mining equipment is going up quite a bit in costs too, as far as I know... so does that affect bitcoin price? likely not. miners respond to BTC price not the other way around, for the most part...
Getting a little bit out of questions about speculating about mining as a business, I have continued to consider that historically it would have been more profitable to merely buy bitcoin than to get into mining - but people make various kinds of choices in life in regards to how they want to spend their time and their capital, and surely there can be some advantages to having mining skills - and maybe it is not too big of a deal for some people to do that and to build extra garages or warehouses or make friends and business partners based on those kinds of skills and that kind of knowledge. Surely bitcoin does seem to get advantages from having both a robust group of people willing to mine bitcoin - and surely there are various incentives in regard to building that kind of a business.. whether mining reward, fees, status, principles or other personal motivations.
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