600watt
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Activity: 2338
Merit: 2106
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January 01, 2021, 12:35:13 PM Merited by JayJuanGee (1) |
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That seems to be the case. I've mentioned it in other threads. Searches are up around the world but in countries with high inflation like Argentina or Turkey they are at an ATH. Add that to institutional investors' demand and see what 2021 will bring us. This is more, earlier than expected. Which leaves us with the question. Is this a supercycle? Or is it just early? i believe we are in a 2013 kind of scenario: price will rise until April, peaking somewhere between $80k and $240k. then a dump during summer with a low in August around $40k to $80k. 2nd peak in Nov/Dez around $500k or even $1mil uups... new ath... congrats... observing 29600
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somac.
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Activity: 2073
Merit: 1211
Never selling
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we're heading to reach $30K, personally I'm so much excited. we all hope there no dumps however, I have no clue. It might not happen at all. with so much momentum, BTC might keep climbing.
I expected a dump after hitting $20k, $25k and so on but it hasn't come yet. But there will be one for sure. This can't continue like this. Institutional investors have strong hands. Get used to it. Strong hands yes, and why do they have strong hands, because they are after wealth preservation. They are not looking at Bitcoin as a way to make capital gains. They are using it to preserve the wealth they have already achieved over the last several decades. They'll only "take profit" when the legacy system has once become stable enough for them to go about normal business. This will take a while with the full blown MMT that is coming down the line. Monetary and fiscal stimulus to the moon, along with those looking to preserve their wealth.
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600watt
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Activity: 2338
Merit: 2106
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January 01, 2021, 12:45:49 PM |
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price went up another little smidge? WHAT???!!? DUUUMP EEEET. never. gets. old.
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NeuroticFish
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Activity: 3724
Merit: 6441
Looking for campaign manager? Contact icopress!
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January 01, 2021, 12:48:28 PM |
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Happy New Year! And Happy New ATH! (again)
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JimboToronto
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Activity: 4060
Merit: 4608
You're never too old to think young.
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January 01, 2021, 01:15:09 PM |
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Good morning Bitcoinland and Happy Ecstatic New Year. Another day, another ATH (29700 Stamp), another micro-correction... currently $29352USD/$37340CAD (Bitcoinaverage). $30k later today? Go Bitcoin go. price went up another little smidge? WHAT???!!? DUUUMP EEEET. never. gets. old. Just fools "taking profit" by buying fiat. Eventually all they have left is a bunch of fiat and they become bitter no-coiners on the outside looking in.
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serveria.com
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Activity: 2282
Merit: 1184
Privacy Servers. Since 2009.
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January 01, 2021, 01:24:01 PM |
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Good morning Bitcoinland and Happy Ecstatic New Year.
Another day, another ATH (29700 Stamp), another micro-correction... currently $29352USD/$37340CAD (Bitcoinaverage).
$30k later today?
Go Bitcoin go.
I have a gut feeling we haven't run out of ATHs for today...
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Wekkel
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Activity: 3108
Merit: 1531
yes
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January 01, 2021, 01:39:46 PM Last edit: January 01, 2021, 01:57:45 PM by Wekkel Merited by El duderino_ (5) |
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Out of merits but this is an important one. The rule to require KYC (including physical address) will lead to large cryptocurrency holders (digitally) fleeing any US Exchange/Fintech company. edit: tx, El duderino. Passed some forward to the OP
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El duderino_
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Activity: 2562
Merit: 12397
BTC + Crossfit, living life.
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January 01, 2021, 01:45:21 PM |
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bitserve
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Activity: 1820
Merit: 1464
Self made HODLER ✓
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January 01, 2021, 02:39:39 PM Last edit: January 01, 2021, 02:59:15 PM by bitserve Merited by BobLawblaw (2), vapourminer (1) |
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Nice stats table, interesting to see them in one place like that, but there is something weird in the up/down arrow column - what is that calculating and how could July be down over 300%?
Well I worked out what was happening: the posts percentage change column is working on the current month instead of the change vs the previous month. The BTC change column is doing the same thing. The numbers should look something like this I think: Month | Posts | Change | BTC/$ | $ change | Jan | 4,660 | | $9,352 | | Feb | 4,223 | -9% | $8,640 | -8% | Mar | 6,611 | 56% | $6,463 | -25% | Apr | 4,381 | -33% | $8,770 | 36% | May | 4,509 | 3% | $9,462 | 8% | Jun | 2,877 | -36% | $9,163 | -3% | Jul | 673 | -77% | $11,333 | 24% | Aug | 2,656 | 295% | $11,708 | 3% | Sep | 2,742 | 3% | $10,741 | -8% | Oct | 2,454 | -11% | $13,815 | 29% | Nov | 4,164 | 70% | $19,507 | 41% | Dec | 4,163 | 0% | $29,191 | 50% |
July the strangest month - posts down 77% but BTC UP 24% - perhaps everyone was on holiday as the post count number is amazingly low. Note: ignore the July comment, turns out that was due to a large number of post deletions, and in fact post count went negative that month.Bob be like: HAPPY NEW YEAR FULL OF ATH'S EVERYONE!!!
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vroom
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Activity: 1303
Merit: 1681
a Cray can run an endless loop in under 4 hours
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January 01, 2021, 02:50:43 PM |
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road to 100k, enhanced version:
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Hueristic
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Activity: 3864
Merit: 5052
Doomed to see the future and unable to prevent it
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January 01, 2021, 03:49:07 PM |
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eddie13
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Activity: 2296
Merit: 2262
BTC or BUST
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January 01, 2021, 03:50:28 PM |
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Dude I just won another $750 Idk why..
cuz you bet $1500? lol have fun I had about $200 in my pocket when I left last night and pulled another $300 out of the atm.. Have almost $1500 in my pocket this morning even after spending over $200 in just bar tabs..
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Torque
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Activity: 3598
Merit: 5079
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January 01, 2021, 03:54:10 PM |
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I wouldn't know what to comment other than "This is utter bullshit and an egregious overreach of state power."
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d_eddie
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Activity: 2548
Merit: 3160
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January 01, 2021, 04:03:46 PM |
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Can't merit, I'm out. +1 WOsMerit. Leave an articulate comment there, bros! I already did.
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d_eddie
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Activity: 2548
Merit: 3160
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January 01, 2021, 04:06:03 PM |
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And these. Heed Millionero's call, boys! On top of the wallet rule now only three days from final adoption, FinCEN just announced ANOTHER rule. https://www.coindesk.com/fincen-foreign-crypto-exchange-disclosure-ruleWith a bare three weeks before leaving office, it's impossible to have a public comment period that complies with the Administrative Procedure Act. Treasury hasn't even provided a timeline yet. We only know that this new midnight rule will have an illegally short comment period, just like the last one. The fact that the procedure is done illegaly won't prevent the rule from being enforced. This is a standard administrative procedure whereby government agencies like Treasury write regulations into law without actually having to go to Congress. Once these new regulations go into effect, overturning them involves a politically difficult congressional procedure; the incoming administration can't simply rescind rules that went on the books before they came to office. In other words, we're fucked. There's still time to comment on the wallet rule, though https://beta.regulations.gov/commenton/FINCEN-2020-0020-0001Meanwhile Mnuchin expects us crypto people to party instead of paying attention.
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Hueristic
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Activity: 3864
Merit: 5052
Doomed to see the future and unable to prevent it
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January 01, 2021, 04:06:52 PM |
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Institutional investors have strong hands. Get used to it. They don't give up hard assets when they can just print and dole out fake ones.
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hv_
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Activity: 2520
Merit: 1055
Clean Code and Scale
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January 01, 2021, 04:14:13 PM |
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Not the only thing incoming 2021 Real onchain use for lots of things - in transparent original BitCoin way might be only save here. No protection on number go up shills
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Hueristic
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Activity: 3864
Merit: 5052
Doomed to see the future and unable to prevent it
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January 01, 2021, 04:14:51 PM |
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Oh yeah and...
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bitserve
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Activity: 1820
Merit: 1464
Self made HODLER ✓
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January 01, 2021, 04:31:55 PM |
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After seeing all the diverse Bitcoin price predictions being made for 2021 ranging up to the several hundreds K's I have remembered about those futures markets that opened in 2017/18 like CME and Bakkt and most of us haven't even touched... And I am thinking? Is it worth exploring? Could we buy some options for our crazy expectations or use them to hedge some? How much is a $200K Bitcoin option for Q4 worth?
How do we check that? Is anyone here currently playing with that kind of futures?
I think to remember it was @fillippone who sometime in the past tried to explain some of the nuances about it... maybe even there is a thread about that subject?
I have the feeling that maybe the time to learn more about it has come...
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fillippone
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Online
Activity: 2212
Merit: 15839
Fully fledged Merit Cycler - Golden Feather 22-23
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January 01, 2021, 04:44:02 PM Last edit: January 01, 2021, 05:34:09 PM by fillippone Merited by Biodom (1), bitserve (1), FullNode (1) |
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After seeing all the diverse Bitcoin price predictions being made for 2021 ranging up to the several hundreds K's I have remembered about those futures markets that opened in 2017/18 like CME and Bakkt and most of us haven't even touched... And I am thinking? Is it worth exploring? Could we buy some options for our crazy expectations or use them to hedge some? How much is a $200K Bitcoin option for Q4 worth?
How do we check that? Is anyone here currently playing with that kind of futures?
I think to remember it was @fillippone who sometime in the past tried to explain some of the nuances about it... maybe even there is a thread about that subject?
I have the feeling that maybe the time to learn more about it has come...
Ah! Yes, There is more than a thread to check what is the forward price implied by futures markets and options: Everything you wanted to know about BTC options but were afraid to ask!Everything you wanted to know about BTC futures but were afraid to ask!My suggestion, is also to check those forwards against the Stock to Flow price forecasted for end of 2021. You can check it at digitalik.net/BTCEdit: corrected digitalik link as biodom pointed out (as I typed it out of memory)
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