Icygreen
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January 27, 2020, 02:16:41 PM Merited by JayJuanGee (1) |
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I still can't believe how few have discovered BTC. Sometimes I just like to marvel at this beautiful beast and recount how lucky we are. Staying humble while winning the lottery in slow motion may be a challenge It won't be secret for long, enjoy and HODL
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bkbirge
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January 27, 2020, 02:20:55 PM Merited by JayJuanGee (1) |
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Interesting if not exactly full of details... https://cointelegraph.com/news/new-research-shows-bitcoin-denominated-payments-still-a-fantasyTransaction fees could play a part in this. The change returning to the sender in a transaction usually has a higher precision due to the need to subtract the fee, which is calculated in satoshis per byte.
The report highlights this as a possible privacy improvement. As the amount of high-precision transactions increases, it becomes more difficult to understand which part is the actual money sent, and which is the change.
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AlcoHoDL
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Addicted to HoDLing!
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January 27, 2020, 02:27:49 PM |
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I still can't believe how few have discovered BTC. Sometimes I just like to marvel at this beautiful beast and recount how lucky we are. Staying humble while winning the lottery in slow motion may be a challenge It won't be secret for long, enjoy and HODL When I first mentioned about Bitcoin to my team leader at work (early 2017), he almost laughed at me, as did most of my colleagues. They kept joking about it and making fun of me for some time. Then they kept quiet. No mention about it. Recently some of my colleagues have talked to me in private, asking me how to buy BTC. My team leader is now doing a Master's course at the local uni, where he told me he saw ads for courses on cryptocurrency and the Blockchain... We're all early adopters, even the "latecomers". This thing hasn't even started. GTCTTWW. HoDL!
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dragonvslinux
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January 27, 2020, 02:46:06 PM Last edit: September 10, 2023, 02:14:32 PM by dragonvslinux |
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Turning more bullish Bitcoin today Wouldn't be surprised at all to see a test of $10K this week based on 2019 extrapolation. I'm now thinking $8K could very well be the swing low. That's enough indicators telling me we'll continue to move higher mid/long-term.
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lightfoot
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I fix broken miners. And make holes in teeth :-)
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January 27, 2020, 02:46:40 PM |
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As for (2), it's just me being over-analytic in what I said. There are things that someone might say that could imply something that isn't true... Kinda like the #no-homo tag we add to something that could be taken the wrong way... Hope it's now clearer.
Understood, I tend to get a little grumpy at the "but" thing. And since I mentioned "but", #nohomo :-)
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VB1001
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<<CypherPunkCat>>
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Bitcoin Price Indicator That Called 2019 Bull Run Flashes Green AgainBitcoin (BTC) plans to move higher and further squeeze bears in the short term, several price indicators suggest.
As the week begins, a group of measurements — some surprisingly accurate historically — are combining to make traders firmly bullish on BTC.
Guppy repeats April 2019 bull signal
Leading the positive signs is a useful but somewhat forgotten indicator dubbed the Guppy. This is a collection of exponential moving averages which has flashed green on the daily chart for the first time in around 300 days.
The interval is significant — the last flip from red to green for Guppy was on April 9, 2019, coinciding with Bitcoin’s rapid rise to highs of $13,800. https://cointelegraph.com/news/bitcoin-price-indicator-that-called-2019-bull-run-flashes-green-againhttps://twitter.com/HsakaTrades/status/1220820646482997248I'm a bull one year older, but I'm still a bull.
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Lambie Slayer
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January 27, 2020, 02:49:30 PM Last edit: January 27, 2020, 03:03:56 PM by Lambie Slayer Merited by El duderino_ (4), jbreher (1) |
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China has banned us many times. Its time for some payback and to ban them. Here is Scott Adams on a China Travel Ban preventing them to come to the US. https://twitter.com/ViktorGodDoom/status/1221442409562660864Every nation should ban Chinese nationals from coming into their country until they quit eating bats, Corona V is under control, and Bitcoin is fully legalized. Trump was quick to demand a travel ban during the Ebola outbreak before he was elected but he wont ban China rn bc he wants to keep pumping the stock market till the election. If you have a Chinatown in your city do yourself a favor and stay the fuck out for now. Scientists are still researching a way to use nano size text walls of JJG to bore the virus to death but its in early stages thus far.
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dragonvslinux
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January 27, 2020, 02:57:18 PM Last edit: September 10, 2023, 02:14:24 PM by dragonvslinux |
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Bitcoin Price Indicator That Called 2019 Bull Run Flashes Green AgainBitcoin (BTC) plans to move higher and further squeeze bears in the short term, several price indicators suggest.
As the week begins, a group of measurements — some surprisingly accurate historically — are combining to make traders firmly bullish on BTC.
Guppy repeats April 2019 bull signal
Leading the positive signs is a useful but somewhat forgotten indicator dubbed the Guppy. This is a collection of exponential moving averages which has flashed green on the daily chart for the first time in around 300 days.
The interval is significant — the last flip from red to green for Guppy was on April 9, 2019, coinciding with Bitcoin’s rapid rise to highs of $13,800. https://cointelegraph.com/news/bitcoin-price-indicator-that-called-2019-bull-run-flashes-green-againhttps://twitter.com/HsakaTrades/status/1220820646482997248I'm a bull one year older, but I'm still a bull. Nice share, I forget about the Guppy as it's signals are so irregular. Unless I'm mistaken, the indicator is based on MAs, similar to the MA Ribbon (which is prettier, for reference sake )
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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January 27, 2020, 03:28:20 PM |
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[...] every BTC I've ever spent has come back to haunt my ass. Panic'd like a small 9-year-old girl (with screams) when I sold 13 BTC last year on 12/24/19 when BTC was $3,965.00 USD. Groan! I managed to thru dumb luck equipment sales and such to get back 4 BTC from such. But it really sucks. So yeah, its a gift, my ability to sell at the wrong time or get 'dubious' ASIC equipment. The above wallet is NOT my hoard however, just what was emptied to add to such Hoard in 1 address. [...] shriek like a 9-year-old yet again). Rinse/Wash/Repeat. As you can see my 'strategy' is very sophisticated, don't ya know. So like 5 out of 5 selling BTC at the wrong time and never to recover vs HODL mode (soothing). So yeah, I got 'issues' with BTC your merciless bitch! heh yeah the 1st time panic mode kicks in.. welcome to the show. ive never panic sold btc but, like you, ive sorta "panic bought" things, which is basically the same. of course in 2011-2013 or so there was a lot less confidence in btc so the ability to turn majick internetz money into real stuff was an easy sell. ive looked up my prev mining addys when i gpu mined btc as i wanted to sign messages saying those addys were mine for various purposes if needed. cringworthy is an understatement as to the amount btc that i mined. ive got a small fraction left, and thats all that matters. its a win in my book. no regerts. TL;DR: HODL is the best stratagy. I guess you and Searing share the factor that you were earning some of your income in BTC rather than in fiat, so one thing that puts any BTC earner in the lead of a fiat earner is that s/he is forced to consider his/her HODL strategy ... or allocation regarding what is the ratio of BTC to fiat. So, there is an implied knowledge of BTC, and a likely conscious measure regarding how much of that value needs to be treated like a longer term investment versus used for daily living expenses. So many times, we run across situations in which people are living in a way that is way too close to their income, so they do not have any more room for investment, so if your income is in BTC, and if you are in that spending a lot of value situation, then you are likely going to have to cash out most of your BTC. So the forced consideration regarding whether you are living well within your means or NOT becomes the bigger, question, and I would not conclude that the mere fact that you went through a lot of BTC would be a sign of your being irresponsible, especially if you are getting paid in BTC (that is mining). That is true with any business. You would likely be fucked, if you had a business but people made you feel guilty if you spent money that you earned from the business, because the ONLY way that you can NOT spend money from your business to keep the business going is to have another business or source of income that covers the expenses of the business. Earning money in BTC forces the investment versus spending idea, and none of us are going to get rich from BTC if we do not first have a plan that pretty much restrains us in terms of living within our means. Yeah, if we have a few hundred thousand of income per year, we are less likely to feel restrained in our living choices than someone who might only have $10k or $20k in income per year. I appreciate that people with real high standards of living from the start and even high income that have been spoon fed to them from their parents or some other lucky source can also screw up these kinds of wealth preservation matters if they live beyond their income source and might not recognize the extent to which mommy/daddy is going to cut them off or other ways that their income might end up drying up, even if we might say that they won their fortunes in a lottery or some other fortunate situation such as being able to sell a successful business and to have a lot of proceed from such sale that they are able to work with. Even landing a good job and that "good job" could end up NOT having a long term income, and I suppose some shitcoiners might have discovered some of the shitty aspects of getting involved in those shitcoins, even if some of the skills might be transferrable and they might not have squandered away their credibility, in the event that some projects might NOT help people in terms of building their credibility in the space... in order to ensure future income with skills that have been learned in the space.
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LFC_Bitcoin
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January 27, 2020, 03:41:18 PM |
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@ Searing, I could have told you for free that selling 13BTC for $3xxx last year was a bad idea. I hope you still have at least 20-25 left because that was a bad move, brother.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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January 27, 2020, 03:46:50 PM |
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Good news, a random internet personality says it's unlikely that btc will fall to $6 USD. (OK, title is hilarious, but they actually mean $6k). Still, I think they are really going out on a limb here with that wild projection... https://cointelegraph.com/news/different-type-of-shakeout-trader-says-bitcoin-unlikely-to-hit-6“...I think we’ll have upside and then we’ll have downside again, just to the point where a number of players will just get bored and move on,” he said.
How would you play it bkbirge? I am thinking that of us are gaining confidence that the bottom of this particular cycle is in. But you are not feeling so confident? Remember our current local bottom in mid-December was $6,424, so we do seem to be creating some distance from that $6,424 price point - but maybe we cannot really rest with confidence until we break above $10k.. and start playing around with staying above $10k? Hard to say for sure, no? I agree that the article seems to be suggesting UP before DOWN, while asserting that the bottom is likely in.. especially difficult odds to get any BTC below $6k into the future. Personally, I don't really believe in the sentiment of the article because it seems to be trying to predict the next low points to buy BTC, and I suppose that it assumes that people already bought BTC in the recent $6ks and $7ks... which would cause the thesis of the article to make a bit more sense. If a person has not bought any BTC yet, then the considerations and calculations would likely end up being quite different from the persons who had already bought decent amounts of BTC in the $6ks and $7ks.. perhaps? Perhaps? Another consideration would still be if a person is in the early BTC accumulation zone or if s/he has been in the bitcoin accumulation game for a while, and if the person is in the just getting started mode, then waiting for low BTC prices might not be a great strategy forward... especially since we have had a lot of dip already and a lot of BTC price consolidation for the whole last half of 2019. You seeing our current BTC price predicament differently, bkbirge?
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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January 27, 2020, 03:50:41 PM |
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LFC_Bitcoin
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January 27, 2020, 03:55:02 PM |
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@ Searing, I could have told you for free that selling 13BTC for $3xxx last year was a bad idea. I hope you still have at least 20-25 left because that was a bad move, brother.
He's got about 98 of them (at least after those anticipated sales of those shitcoins)... not to be too specific and to break his opsec ... Of course, he can deny every fucking word that I scribbled in this baby wall of text, and I would not be offended in respect to his likely boating accident, even though it was a fresh water accident since he happens to be kind of far away from oceans... Maybe I know too much? #nohomo Good! Buy on the way down damn it.
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bitserve
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Self made HODLER ✓
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January 27, 2020, 03:59:11 PM Merited by JayJuanGee (1) |
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@ Searing, I could have told you for free that selling 13BTC for $3xxx last year was a bad idea. I hope you still have at least 20-25 left because that was a bad move, brother.
He still has WAY more than that. I don't consider he did so wrong (it is easy retrospectively) selling at around $4000K in his particular situation. Otherwise he would have probably panic sell way more at the final bottom ($3.2K). I am of the opinion that selling what he NEEDED at that time, made him a stronger hodler for the rest of his more than healthy stash. A price that had to be paid to have some peace of mind.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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January 27, 2020, 04:01:06 PM |
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@ Searing, I could have told you for free that selling 13BTC for $3xxx last year was a bad idea. I hope you still have at least 20-25 left because that was a bad move, brother.
He's got about 98 of them (at least after those anticipated sales of those shitcoins)... not to be too specific and to break his opsec ... Of course, he can deny every fucking word that I scribbled in this baby wall of text, and I would not be offended in respect to his likely boating accident, even though it was a fresh water accident since he happens to be kind of far away from oceans... Maybe I know too much? #nohomo Good! Buy on the way down damn it. You, LFC, responded faster than I was able to edit my post... so I had added a few more little quips in there.. directed at you, personally... .. I am quite the comedian (and inadvertent stalker wannabe, too)... I personally believe that Searing is attempting to find a bit of a different balance in his future strategy... because I don't believe that he wants to really inject too much new value into BTC... but yeah, it is difficult to figure out a way to buy on the way down, if you are not really in the income earning mode that gives you extra disposable income that you choose to put into BTC when you have already a decent amount of value in BTC (including having had invested a bit more than you feel that you can afford to lose ... at least on paper)...
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LFC_Bitcoin
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January 27, 2020, 04:03:23 PM |
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Damn you JJG, you’re way too observant in this thread.
Insert boating accident quip
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bitserve
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January 27, 2020, 04:12:39 PM Last edit: January 27, 2020, 04:28:50 PM by bitserve Merited by LFC_Bitcoin (2) |
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Damn you JJG, you’re way too observant in this thread.
Insert boating accident quip
All individual stash speculations are based on past data provided by the respective individuals... which could even be lying or intentionally misleading. So every calculation could perfectly be wrong or just completely outdated. You don't even need a "boating accident" to wipe out all your past stash. Margin trading accidents also happen. Wrong decisions. Or just huge expenses. I have seen people LITERALLY wipe out (FIAT) millions in a short amount of time. And we all know Searing inclination for play girls P.S.: I seem to recall some post about how jbreher lost *15,000BTC* on a bad investment in the past. There's that as a great example.
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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January 27, 2020, 04:15:19 PM |
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Damn you JJG, you’re way too observant in this thread.
Insert boating accident quip
All individual stash speculations are based on past data provided by the respective individuals... which could even be lying or intentionally misleading. So every calculation could perfectly be wrong or just completely outdated. You don't even need a "boating accident" to wipe out all your past stash. Margin trading accidents also happen. Wrong decisions. Or just huge expenses. Since it seems to be becoming a sin (or a crime) to be "observant" - even in this thread. I was thinking about ordering one of these kits, just for funzies:
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LFC_Bitcoin
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January 27, 2020, 04:15:20 PM |
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Damn you JJG, you’re way too observant in this thread.
Insert boating accident quip
All individual stash speculations are based on past data provided by the respective individuals... which could even be lying or intentionally misleading. So every calculation could perfectly be wrong or just completely outdated. You don't even need a "boating accident" to wipe out all your past stash. Margin trading accidents also happen. Wrong decisions. Or just huge expenses. Definitely agree with all this. Plus all estimated stash amounts will be way outdated near the next bull run peak regardless. Most of us will be wanting to take life changing money out then, no?
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jojo69
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diamond-handed zealot
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January 27, 2020, 04:16:26 PM |
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I think I might be racist.
China is an incubator for everything bad; disease, pollution, and totalitarian methodology.
Their sheeplike, give-a-fuck attitude has become a hazard to all civilization.
Their "divergent cultural mores" around truthtelling are repugnant.
There, I said it.
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