RejectedBanana
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I am a banana.
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June 07, 2018, 05:37:20 PM Last edit: June 07, 2018, 06:47:37 PM by mfort312 |
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Don't forget that hash rate being deployed now was likely ordered in Q1 18 or in the bubble. [...]
Google trends for Bitcoin looks pretty poor right now.
Exactly, Hashrate looks to be a lagging indicator due to equipment production time, with miners banking on future increases in price since they've already missed the last run up. I would argue that Google trends is also a lagging indicator, albeit on a much shorter time frame. Price has to increase first before interest is stoked enough to spur newcomers to search for bitcoin. There is less need for already indoctrinated bitcoiners to search, they already know where they want to go to buy/research/etc. I would further argue that price is a lagging indicator of fundamental analysis and good news. Whereas FUD is a nearly instantaneous indicator of price decreases, good news takes a while to build enough confidence to trigger buying much less FOMO. Going back to google trends, the more people already know about bitcoin, the less impact it will have on search engines. MSM has replaced a lot of the need to google, now that CNBC etc have a price ticker and reporting. You don't see the stock markets responding that much to google trends even in times of wild volatility. Bitcoin still drawing more searches than key stock market terms. In fact, stock market search spikes on google trends seem inversely correlated to price - they represent major sell offs! Careful what you wish for. edit: Meanwhile, on Wall St: ‘Beware’: Jamie Dimon and Warren Buffett Double Down as Bitcoin CriticsClassic. Jamie "Do What I Say Not What I Do" Dimon, as JP Morgan continues to formulate crypto strategies. Warren "I only invest in what I understand" Buffet, who quite possibly just learned about Apple and maybe even the Internet sometime last year.
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kalehon
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infofront (OP)
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Shitcoin Minimalist
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June 07, 2018, 06:31:42 PM |
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Interesting interview with Mike Novograts: https://www.youtube.com/watch?v=oWhzlaymNIk&app=desktopOne tidbit I found interesting is when he said that the bubble we just had was akin to the 1996 stock market bubble. The 1999 "internet bubble" is coming and it will be the largest bubble ever.
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Karartma1
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June 07, 2018, 06:31:54 PM |
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Don't forget that hash rate being deployed now was likely ordered in Q1 18 or in the bubble. [...]
Google trends for Bitcoin looks pretty poor right now.
Exactly, Hashrate looks to be a lagging indicator due to equipment production time, with miners banking on future increases in price since they've already missed the last run up. I would argue that Google trends is also a lagging indicator, albeit on a much shorter time frame. Price has to increase first before interest is stoked enough to spur newcomers to search for bitcoin. There is less need for already indoctrinated bitcoiners to search, they already know where they want to go to buy/research/etc. I would further argue that price is a lagging indicator of fundamental analysis and good news. Whereas FUD is a nearly instantaneous indicator of price decreases, good news takes a while to build enough confidence to trigger buying much less FOMO. Going back to google trends, the more people already know about bitcoin, the less impact it will have on search engines. MSM has replaced a lot of the need to google, now that CNBC etc have a price ticker and reporting. You don't see stock market search terms responding that much to google trends even in times of wild volatility. Bitcoin still drawing more searches than key stock market terms. In fact, stock market search spikes on google trends seem inversely correlated to price - they represent major sell offs! Careful what you wish for. edit: Meanwhile, on Wall St: ‘Beware’: Jamie Dimon and Warren Buffett Double Down as Bitcoin CriticsClassic. Jamie "Do What I Say Not What I Do" Dimon, as JP Morgan continues to formulate crypto strategies. Warren "I only invest in what I understand" Buffet, who quite possibly just learned about Apple and maybe even the Internet sometime last year. Nice, very interesting! thanks
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Anon136
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June 07, 2018, 07:46:27 PM Last edit: June 07, 2018, 08:19:02 PM by Anon136 |
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Should probably be "shut up and take my digital signature".
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FractalUniverse
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June 07, 2018, 08:18:16 PM |
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my gut feeling tells me this is mere calm before storm I just couldn't resist and bought some BTC satoshis at 7693. |Now watch it ?ump overnight /edit: immediate finex market reaction for rather small amount was $12 drop. that tell us something
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infofront (OP)
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Shitcoin Minimalist
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June 07, 2018, 08:37:04 PM |
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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June 07, 2018, 09:17:57 PM |
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[edited out]
Keeping in line with this whole Zen thing, whenever I read JJG posts that start to irritate me, I just go to my happy place... In other words, it seems that you are struggling with this newly found practice.
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xhomerx10
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[edited out]
Keeping in line with this whole Zen thing, whenever I read JJG posts that start to irritate me, I just go to my happy place... In other words, it seems that you are struggling with this newly found practice. Being a merit source isn't all ham and plaques.
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Toxic2040
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June 07, 2018, 09:37:01 PM |
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RoomBot
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June 07, 2018, 10:22:00 PM |
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Bitcoin is the weapon that started the that will end the currency war
You could go back as far as nixon and the gold standard to see the beginning of the currency war even then again just after world war 2.
Remember you do not invade 80 countries in over 70 years because your citizens want you to overthrow that "Inhumane" regime.
You do not tell your citizens you want the currency changed and this is why we are invading.
As bitcoin is a main competitor they will throw everything at it, and have been for a while now
BUMP!
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European Central Bank
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June 07, 2018, 10:35:03 PM Merited by JayJuanGee (1) |
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http://fortune.com/2018/06/07/blockchain-firm-r3-is-running-out-of-money-sources-say/mike hearn's pet R3 is running out of money. how do you run out of over $100 million? do you eat the money? do you shovel cash into your heating boiler? in silicon valley is a million dollars a euphemism for $10,000? at least if you throw 100 million dollars at a film you usually wind up with something to watch at the end of it. this'll finish with some strings of 1s and 0s with 0 purpose.
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realr0ach
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#TheGoyimKnow
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June 07, 2018, 10:39:51 PM |
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Another bitcoin groundhog's day, another day of cargo cultists trying to distract people from sound money (silver and gold), while attempting to scam everyone with imaginary, valueless token pump and dumps, and Phil Connors JayJuanGee wants to talk to you about something.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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June 07, 2018, 10:40:47 PM |
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Interesting interview with Mike Novograts: https://www.youtube.com/watch?v=oWhzlaymNIk&app=desktopOne tidbit I found interesting is when he said that the bubble we just had was akin to the 1996 stock market bubble. The 1999 "internet bubble" is coming and it will be the largest bubble ever. Thanks for that link infofront. I watched the about 30 minute interview with Novograts, and I found interesting the quick survey from the audience in the beginning. Thus, no brainer that Novograts remains bullish about both the bitcoin space and crypto overall, while the audience shows that they are quite a bit less bullish about bitcoin/crypto than Novograts - yet seemingly more bullish than the level of bitcoin's current investment ratios.
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Torque
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June 07, 2018, 11:19:57 PM |
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Interesting interview with Mike Novograts: https://www.youtube.com/watch?v=oWhzlaymNIk&app=desktopOne tidbit I found interesting is when he said that the bubble we just had was akin to the 1996 stock market bubble. The 1999 "internet bubble" is coming and it will be the largest bubble ever. It is interesting, yet very disturbing that he likes to think about Bitcoin market "bubbles" as if they are always a good thing. As if the 1999 stock market bubble didn't also wipe out a lot of people. You gotta remember, Mike is a nice guy, but he is also a shark out to make money. He'll be the first one dumping his mega stack at the top of the next "great bubble" and probably won't feel any remorse about it.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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June 08, 2018, 12:19:31 AM Last edit: June 08, 2018, 12:40:30 AM by JayJuanGee |
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[edited out]
Keeping in line with this whole Zen thing, whenever I read JJG posts that start to irritate me, I just go to my happy place... In other words, it seems that you are struggling with this newly found practice. Being a merit source isn't all ham and plaques. You referring to any particular peep(s) with your arguably deep "insight"? Are you actually suggesting that BL&blaw's status causes him anguish? Or something else? Edited to add a direct BL&blaw responseIn other words, it seems that you are struggling with this newly found practice.
Well, only started seriously looking into it when I retired, so... yeah. In fact, lemme just go ahead and add you to my ignore list, so we can minimize the chance of having these sorts of flirtatious posts, in the future. Have a nice life, brother. Hahahaha... that's probably a step into a more healthy direction, especially when internal peep is having some difficulties with certain kinds of "real" online meanie dynamics, to the extent that I can refer to myselfie as a "meanie dynamic" Very solid therapy to squish up "meanies" and throw them away.... hahahahahaha
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xhomerx10
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June 08, 2018, 01:00:09 AM |
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[edited out]
Keeping in line with this whole Zen thing, whenever I read JJG posts that start to irritate me, I just go to my happy place... In other words, it seems that you are struggling with this newly found practice. Being a merit source isn't all ham and plaques. You referring to any particular peep(s) with your arguably deep "insight"? Are you actually suggesting that BL&blaw's status causes him anguish? Or something else? Edited to add a direct BL&blaw response~snip As a merit source, I think it would be incumbent on BobLawblaw to try to give every post a similar amount of attention but some posts are harder than others to read/comprehend/enjoy due to factors too numerous to list. It's no secret that few of your posts are succinct.
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the artful bodger
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June 08, 2018, 01:00:54 AM |
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Unfortunately $100 million means nothing to bankers. They deal in such big sums of money that some of them have started saying a dollar when they mean a million dollars. They would say they spent a hundred dollars on R3, not $100 million.
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TERA2
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Deb Rah Von Doom
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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June 08, 2018, 02:07:09 AM |
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Another bitcoin groundhog's day, another day of cargo cultists trying to distract people from sound money (silver and gold), while attempting to scam everyone with imaginary, valueless token pump and dumps, and Phil Connors JayJuanGee wants to talk to you about something.
And the roachblob, patting himself/herself/itself on the back as if contributing some kind of germane insight.
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