rdbase
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I never really understood this image, like bruh the first guy hasnt found the diamonds either , its possible he gives up right before he finds diamonds too? Just me? What happened was as the bottom guy was walking back the top guy's irresponsible digging caused a collapse and they both died horrible slow deaths in the dark, their bodies broken in pieces with boulders on their chests preventing breathing. Happy Tuesday! ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi1.wp.com%2Fwww.brainpickings.org%2Fwp-content%2Fuploads%2F2011%2F01%2Fgashlycrumb8.jpg&t=665&c=mDDy9IDuEwEZfw) I'd personally like to see less greed and an impact noticeability for people's actions, a lot of people not at the top aren't at the top because they can't handle their own funds an da lot of people near the top may have far too much influence over certain things people need...
Greed is a basic attribute of mankind. It will never go away, not even the destruction of the world will take it away. That is what man has become. On my part I will like to see a situation where I had the advance knowledge of what is happening now in 2010 when bitcoin was a shitcoin. I would buy a truckload and hold the way am holding some shitcoins now. It was interesting what somebody mentioned about greed on a threads subject "What if we started from the beginning?" in the aspect of covid19 simply resetting everything and if btc were to be paired to usd 1:1 just for the start. Where would bitcoin go to then? Just from the first 15 minutes of watching it was stated the pandemic was in favor of current miners since deliveries of new mining equipment were delayed from being received by those with huge mining farms. Therefore allowing the ones with "old" mining equipment to accumulate more bitcoin in the last month. This was mentioned by the VP of Poolin. An interesting point of view to see it in this way. ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif)
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Toxic2040
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May 05, 2020, 04:24:51 PM |
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the morning wall report Good Morning all and happy cinco de mayo. I hope everyone is safe and sound and doing well today...and that you are in good spirits. Sideways consolidation is the order for the day as we watch this beautiful full dragon pennant continue to unfurl 1h ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FoLsWdmc.jpg&t=665&c=Y2TmuHji8IUZmg) Busy bees gather nectar from a pool and do their own research 4h ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FOnXX60V.jpg&t=665&c=oBhbgjgDFsAixQ) stronghands
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LFC_Bitcoin
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To my fellow UK citizens - ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgflip.com%2F407d5w.jpg&t=665&c=rmeuMqh5thNt5Q)
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VB1001
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May 05, 2020, 04:48:43 PM |
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Man that's depressing, lol. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FHAVL7TY.gif&t=665&c=xQXmvphDKxjkNg) Easier and faster, no need to get depressed. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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VB1001
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May 05, 2020, 04:56:28 PM |
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Just from the first 15 minutes of watching it was stated the pandemic was in favor of current miners since deliveries of new mining equipment were delayed from being received by those with huge mining farms. Therefore allowing the ones with "old" mining equipment to accumulate more bitcoin in the last month. This was mentioned by the VP of Poolin. An interesting point of view to see it in this way. ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) 270 watching now
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JayJuanGee
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May 05, 2020, 04:59:11 PM Last edit: May 05, 2020, 06:12:23 PM by JayJuanGee |
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Never heard about a 12 mo moving average, but....OK. ...Introducing a 520 wk moving average...We are way above that one. Mind you, I am still bullish, but planB keeps coming up with something that is tangential at this point. I understand that he is nervous on whether his models would work or not. It's nail-biting time. I think that PlanB is just active in posting, and engaging about the bitcoin topic in a variety of ways that are largely helpful to educating people about bitcoin, and probably he has a goal of bringing people into bitcoin based on seemingly strong fundamentals. Being bullish, giddy and excited about bitcoin is not the same as being nervous. The BTC price would have to go way the fuck out of wack for such Plan B's model to not be helpful and informative in a variety of ways, such as even contributing to understanding whether the model is broken or if it needs to be tweaked (or just thrown completely out). It is way too early to even consider that Plan B's model might be broken in some kind of way, and so the fuck what, if it is? I mean, yeah, let's say that fiat money printers spend a trillion or more into just dumping on bitcoin on an ongoing basis (yeah as if that is going to happen?) and then BTC prices stay down in the sub $1ks for months or years, then maybe we might start to consider that there is something wrong with Plan B's model, and would we throw it out, or would we just have to tweak the model in order to account for a kind of unexpected exogenous occurrence? I think that it might be prudent to supplement my earlier post, including my comments in regards to Plan B's purported attachment to his model. If you actually listen to the guy you will find that he is a relatively humble guy, and even this just (from today) released interview with PlanB on the Stephen Livera podcast, in some sense Saifedean Ammous is more bullish (and attached to the model) than PlanB, and if you listen around minute 50 (although I recommend that you listen to the whole interview because it is quite informative about what the model is and what it is attempting to achieve in terms of both description and predictions) Saifedean seems to be admonishing PlanB for being too willing to give up on his model (and saying that at some point that the model will break). In other words, PlanB is suggesting that the model might end up breaking within 10 years or so; however, Saifedean was suggesting scenarios in which the model would largely inform and predict BTC price performance (such as stock to flow going to infinity) forever into the future.. whether Saifedean is too pie in the sky about the model, might be another question, but the discussion of the concepts (including the model) seems to be well reasoned, rather than containing much if any emotional attachments. Edit:I see that fillippone posted about this Stephen Livera podcast about three hours before my post. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.imb.org%2Fwp-content%2Fuploads%2F2019%2F05%2FIMG_0533-2000x1125.jpg&t=665&c=3FI59e94use7sg)
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JayJuanGee
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May 05, 2020, 05:09:22 PM Last edit: May 05, 2020, 06:16:10 PM by JayJuanGee |
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I think Tuesday and wednesday will break 10k, theres a lot of fomo, news coverage etc. But what do i care, im just a HODDLER for life. I live my life satoshi by satoshi
That's why last week you sold all your BTC at $7,900 and were waiting for $7,800, but then you decided to buy back in at $9,400. It should all work out in the end, as long as you can actually figure out some of the basics, such as HODL, DCA and buying on dips... Of course, you can go beyond the basics, too, but best to figure out some of the basics before attempting to employ more advanced tactics..... just saying... ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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VB1001
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May 05, 2020, 05:14:38 PM |
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Buy High Sell Down Weak hands never disappoint.
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2020VISION
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May 05, 2020, 05:24:34 PM |
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To my fellow UK citizens - ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgflip.com%2F407d5w.jpg&t=665&c=rmeuMqh5thNt5Q) TIGER KING VACCINES WHEN? :-D LOL
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JayJuanGee
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May 05, 2020, 05:34:45 PM |
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Thanks guys, I thought it was about arbitrage...
So, you're saying that the price equalization is actually caused by players using bots to take advantage of price differences between exchanges. Makes sense. I thought (just guessing here) that maybe the exchanges themselves had some sort of mechanism in place to prevent this. Also, the time it takes to transfer funds between exchanges would work against it.
Too complicated. Just HoDL and wait. Works for me.
I doubt that arbitrage is the full explanation because like you said, if there is large movement, then many exchanges do that at the same time, and arbitrage would prevent that from happening, somewhat. But, I think that the concept of arbitrage and bots does play into the idea that there is a lot of realtime monitoring of exchanges by both bots and by real people, so when the price moves a lot on one exchange, people do not want to get screwed on another exchange because they did not keep up and they were overpaying because they did not keep up with what is going on on other exchanges. Now sometimes some exchanges will get left behind or they will try to move the BTC price in one direction or another, but sometimes the other exchanges do not follow because they have likely learned (somewhat) from such trickery that happens by some exchanges that are either less liquid or less credible... but sometimes the activities on major exchanges will end up following the smaller exchange because the players might end up learning that the activities on the smaller exchange was contemplating a piece of information or news that the BIGGER players had not recognized or understood. Of course, there can be a lot of advantages for those players who really are able to take advantage of how the compile and interpret information, and of course, with the passage of time, we expect some of the chicanery to lessen because more markets result in more liquidity and of course larger market cap becomes harder to move, too, but of course, bitcoin is still a small as fuck market (even while it is the BIGGEST of the cryptos), so hard to see major lessenings of the Bitcoin price manipulations and craziness for a couple more halvenings, at least, even if the tools (whether information or actual coin movement) and the quantity of capital is likely to continue to move in the upwards direction. For sure, I am just speculating too, and I don't really have any ability to really understand details, either, and of course, many of the BIGGER players are going to understand these various dynamics a lot better, and sure even some of them are going to get screwed from time to time when they miscalculate what they think that their manipulating little asses can accomplish and then they get flanked by either some other BIG player or perhaps the masses at large do not end up buying into their manipulation attempts.
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serveria.com
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May 05, 2020, 05:38:35 PM Merited by ivomm (1), VB1001 (1) |
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I think Tuesday and wednesday will break 10k, theres a lot of fomo, news coverage etc. But what do i care, im just a HODDLER for life. I live my life satoshi by satoshi
That's why last week you sold all your BTC at $7,900 and were waiting for $7,800, but then you decided to buy back in at $9,400. It should all work out in the end, as long as you can actually figure out some of the basics, such as HODL, DCA and buying on dips... Of course, you can go beyond the basics, too, but best to figure out some of the basics before attempting to employ more advance tips.. just saying... ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Suddenly, I realized that even if BTC won't moon during my lifetime and I will die with my stash unused I won't regret it. I guess it's the highest level of HODL. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Raja_MBZ
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May 05, 2020, 05:49:17 PM |
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JimboToronto
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May 05, 2020, 05:49:34 PM |
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Good Morning all and happy cinco de mayo. I hope everyone is safe and sound and doing well today...and that you are in good spirits. Buenos dias Toxic. Great spirits here. I don't usually start drinking in the morning but today mi amigo dropped by with a dozen Cerveza Bohemia Clara (4.7% abv vs. 4.9% for Bohemia Oscura). Yummy. Maintained 2 meter distancing. Beer has a way of finding its way through, even during an emergency. Cinco de Mayo? Nobody GAF around here. It's mainly una fiesta Americana, although it is celebrated in Puebla, where the battle against the French occurred that it commemorates. In the rest of Mexico it's a non-event. Makes me want to get some shitty tourist beer in clear bottles and maybe some Old El Paso brand processed junk food and sing Cielito Lindo and La Cucaracha. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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OutOfMemory
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May 05, 2020, 06:11:54 PM |
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Today i finally jumped it and threw my money at an Asus Zenbook UM431 with a Ryzen5 (Good bye, Intel - i hope i won't miss u). Mainly because of the slightly bigger dimensions than the newer UM433 models and the better bottom vent placement. At about $600 without windoze, it's OK for me, but that's still some fiat i didn't invest into corn, on the other hand.
I hope you got 16 GB RAM. 8 GB just doesn't cut it anymore. Ryzen laptops are nice. I got 8, like in my current laptop. It's sufficient for my uses, if i don't have more than hundred tabs opened in the web browser. They didn't offer the 16GB model on discount, so i didn't care to take the bargain priced one instead.
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Hueristic
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May 05, 2020, 06:15:53 PM |
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Simple (and possibly really "noob") question about exchanges:
When there is a big green (or red) dildo on the BTC/USD chart of an exchange (say, due to one big whale's move on that specific exchange), how is it possible for nearly all other exchanges, and even different fiat currency charts (BTC/EUR, etc.), to also reflect that move almost instantly? Shouldn't that specific move affect only the exchange on which it was made? At least in the short term?
It seems to me that all exchanges are somehow linked together, so that a move on one of them near-instantly affects all others. I wonder if there is an established inter-exchange system of price equalization (possibly a proactive measure to prevent arbitrage), or if the observed price equalization just happens naturally due to the global market itself (i.e., the "law of averages" taking place).
Have always wondered about this... Any insights appreciated.
Arb is a natural occurrence of a free market and if the exchange itself doesn't set it up then it will be handled by profit seekers.
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bitebits
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May 05, 2020, 06:45:03 PM |
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@JJG
Once you get to your 20th thousand post, with a bit of persistence right at the third halving, will you bundle them into a book? Or maybe even better a trilogy? Historians could study it for many years to come.
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Cryptotourist
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May 05, 2020, 06:50:30 PM |
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@JJG
Once you get to your 20th thousand post, with a bit of persistence right at the third halving, will you bundle them into a book? Or maybe even better a trilogy? Historians could study it for many years to come.
Shhh, you're out of order, even suggesting this, is enough to trigger an anger spiral of reboots. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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JayJuanGee
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May 05, 2020, 07:03:07 PM |
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I think Tuesday and wednesday will break 10k, theres a lot of fomo, news coverage etc. But what do i care, im just a HODDLER for life. I live my life satoshi by satoshi
That's why last week you sold all your BTC at $7,900 and were waiting for $7,800, but then you decided to buy back in at $9,400. It should all work out in the end, as long as you can actually figure out some of the basics, such as HODL, DCA and buying on dips... Of course, you can go beyond the basics, too, but best to figure out some of the basics before attempting to employ more advance tips.. just saying... ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Suddenly, I realized that even if BTC won't moon during my lifetime and I will die with my stash unused I won't regret it. I guess it's the highest level of HODL. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Of course, if your death comes suddenly and unexpected then that would be a result that is within reasonable expectations; however, in my thinking there should be some desires to attempt to die with zero, or close to zero (of course, without over extending yourself in such a way that causes you to have to suffer in your old age). So, if you are really young, you might not have any kind of realistic timeline in terms of how your demise might go or even when it might begin, yet sometimes decently old people also error on the side of overpreparing for calamity, when they should likely attempt to spend some of their wealth while they are young enough to have energy to enjoy it.. For example, I would think that it does not do a whole hell of a lot of good to be able to buy 100 hookers per day when you are 85 years old if you are having performance issues that you would not have had in earlier years.
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JayJuanGee
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May 05, 2020, 07:15:51 PM |
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@JJG
Once you get to your 20th thousand post, with a bit of persistence right at the third halving, will you bundle them into a book? Or maybe even better a trilogy? Historians could study it for many years to come.
I wrote some long thesis papers in my earlier years, and I even had jobs that had required detailed (and sometimes extensive and lengthy discussions of various points). Surely focusing on something that is already done (such as posts) could allow for less deviation into too many topics, which has tended to be one of my real world writing struggles, especially when I ended up putting together larger pieces of work that had required the treatment of multiple themes of topics (so far unpublished)... In any event, you are correct with any kind of suggestion that sometimes there could be some value in ending up (or working towards) some tangible piece of work rather than just stringing together various threads of discussion within the interwebs. So thanks for that possible angle.
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