Toxic2040
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Activity: 1792
Merit: 4141
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good morning all... charts #dyor 1h 4h D W #stronghands
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eddie13
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Activity: 2296
Merit: 2262
BTC or BUST
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April 24, 2021, 04:56:12 PM |
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Some pretty convincing posts.. I’m not scared.. Hodling
Maybe buy some more somewhere in the 40s if I can catch it..
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vapourminer
Legendary
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Activity: 4326
Merit: 3536
what is this "brake pedal" you speak of?
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April 24, 2021, 05:01:04 PM |
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Some pretty convincing posts.. I’m not scared.. Hodling
Maybe buy some more somewhere in the 40s if I can catch it..
grabbed me some at ~49k USD the other day. set up new buys down to 47k. if those pop ill move some more powder over and go down to lower 40s smiling all the way.
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nullius
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April 24, 2021, 05:11:29 PM |
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Red ink added by nullius:I hate when people use this argument, like if you actually cared you'd be vegan already, considering that the meat industry is responsible for 30% of the world ’s carbon emissions .I will spell this out in modern language. Bitcoiners eat:🥩 🍖 🥓
“Bitcoin is a revolt against fiat money, and an all-meat diet is a revolt against fiat food.” $€🥬 → 🐑🐑🐑 → 🥩 Sheep are delicious. So are their opinions.
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El duderino_
Legendary
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Activity: 2506
Merit: 12091
BTC + Crossfit, living life.
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April 24, 2021, 05:39:24 PM |
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good morning all... charts #dyor 1h 4h D W #stronghands Detailed word for a n00b like myself please thx And don’t be to toxic, have read WO’s can get a bit when we DIP
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nullius
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Satoshi is gone for good. If he wanted to cash out, he'd have cashed out already. If he wanted to reassure the world that those coins are gone, he'd burn them by moving them to some known black hole address. Nooooooo! Satoshi would not spam the UTXO set. PSA: Never use burn addresses! They are bad for Bitcoin, bad for nodes, bad for scalability. If you want to destroy bitcoins, place them in the amount field of an OP_RETURN output. That is unspendable, according to consensus rules; thus, the output is pruned from the UTXO set. Auditors of Bitcoin’s supply typically also subtract OP_RETURN amounts from Bitcoin’s supply cap. The UTXO set size is one of Bitcoin’s biggest scalability issues (so to speak). Please don’t make it worse by polluting the UTXO set with bloat that nodes will need to track forever and forever. Be environmentally responsible! See how I irrevocably destroyed one satoshi in a sane and responsible way ( txid 000000000fdf0c61...).
Satoshi is gone for good. If he wanted to cash out, he'd have cashed out already. If he wanted to reassure the world that those coins are gone, he'd burn them by moving them to some known black hole address. The fact that the coins are still there after all that happened with bitcoin and finance and multiteradollar marketcap can have two explanations:
1 - Satoshi is gone for good 2 - Satoshi likes to keep bitcoiners on their toes
I lean towards 1. Third option: Satoshi is in jail. Fourth option: He lost his keys. But perhaps the keys may not be unrecoverable. There are other cases of people who had crashed hard disks or whatnot, who later recovered their coins after some effort and expense. In Satoshi’s case, he probably would not want to risk hiring professional services to help him; thus, it would be even more difficult for him. Fifth option: Satoshi is drugged and tortured in a CIA black site, because the US is cancer and they play dirty. Sixth option: Satoshi is alive, well, and at liberty. He is also smarter and more realistic than all of the people talking monkeys who speculate about him. He realizes that nobody knows how many coins he has—the “Satoshi has a million bitcoins!” meme is just that, merely a meme, a rumour based on vexed and unreliable evidence. Why would he move his coins? Especially, why would he move all of his coins at once, which would effectually flag the coins as “probably Satoshi’s”? And most of all, why the hell would he “cash out” when 1 BTC = 1 BTC? (It should go without saying, he is probably not dumb enough to burn his coins “to reassure the world” or whatever. WTF? The coins are his. He damn well earned them.) For all you know, Satoshi is moving his coins. Bit by bit. Moving the balances of a few Satoshi-mined addresses per year (or whatever) into circulation, at random times. Or he may simply be HoDLing. Why fix what ain’t broken? It’s not like we have an exact list of Satoshi’s addresses. For all we know, he already cashed out like 1 million and he’s just living off of that and biding time for whatever his grand plan is.
That’s what I would do, if I were Satoshi. Heirs. Think long-term. Is Satoshi a long-term thinker? Only foolish commoners fail to put dynastic considerations first. Perhaps the Nakamoto Dynasty is being founded with quite a royal treasury an Imperial Treasury.
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El duderino_
Legendary
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Activity: 2506
Merit: 12091
BTC + Crossfit, living life.
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April 24, 2021, 05:42:43 PM |
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Let's have a look at the charts and compare it to the 2017 bull market -- and more specifically the 20 week moving average (in my charts below I use daily candles to get a better resolution together with 140 daily MA, but that's the same as 20W MA (140D / 7D = 20W)). In 2017, after BTC broke its previous ATH, the price touched the 20W MA three times (blue line) before the blow-off top at ~$20k (see 1, 2, and 3 @ 2017). In the current bull market, BTC has yet to touch the 20W MA. However, we are pretty close now with the 20W MA at ~$45,000 (see 6 @ 2021). I'm not saying that the price is going to behave exactly as it did back in 2017, but it can give us an indicator of what to expect. This recent downtrend is nothing out of the ordinary. Mid-May to mid-July 2017 looks awfully lot like today. Back then the price consolidated between ~$2,000 to $3,000 for two months. After that, it dumped quickly to ~$1800 before reaching new heights. Today the price has consolidated between $50,000 to $60,000 for two months, and just recently it dumped below $50,000. Other trading tools are also indicating that this is near the bottom. If we look at the daily RSI for instance, It only dropped below 30 two times in 2017 (see 4 and 5 @ 2017). Today it's at 32 (see 7 @ 2021) and the lowest it has been since the Covid dump last year (just like ivomm mentioned in his post). Apart from TA, on-chain analysts suggest this is the bottom as well, such as CryptoQuant, Glassnode and Willy Woo. We might not have seen the absolute bottom yet, but I bet this price below $50,000 is going to be short lived. My man.... good post for a Saturday evening Got merited as well I see But WTF is that Is that a merited by ANTS ??
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Torque
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Activity: 3556
Merit: 5041
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April 24, 2021, 05:43:04 PM |
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Apart from TA, on-chain analysts suggest this is the bottom as well, such as CryptoQuant, Glassnode and Willy Woo.
We might not have seen the absolute bottom yet, but I bet this price below $50,000 is going to be short lived.
And just to add to all of this good TA... If we take the TA out of the equation and just go by sentiment alone: 1. Average Joe public participation is still low, and overall volume extremely low. 2. Didn't see anything "parabolic" happen with Bitcoin. There was no blow-off top moment. 3. If the Coinbase IPO was the big "sell on the news" moment, then it was the absolute lamest moment in Bitcoin's entire trading history. Everyone knew it was coming months prior. 4. Whale traders in bear markets plan on short/dumping for a least 24-30 months straight after a top (unless we have a double top within the same year). I can't even fathom this happening right now with all the bullish announcements still to come. So I think anyone selling it all rn is going to be woefully out of position and sad over the next 6-12 months.
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El duderino_
Legendary
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Activity: 2506
Merit: 12091
BTC + Crossfit, living life.
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Apart from TA, on-chain analysts suggest this is the bottom as well, such as CryptoQuant, Glassnode and Willy Woo.
We might not have seen the absolute bottom yet, but I bet this price below $50,000 is going to be short lived.
And just to add to all of this good TA... If we take the TA out of the equation and just go by sentiment alone: 1. Average Joe public participation is still low, and overall volume extremely low. 2. Didn't see anything "parabolic" happen with Bitcoin. There was no blow-off top moment. 3. If the Coinbase IPO was the big "sell on the news" moment, then it was the absolute lamest moment in Bitcoin's entire trading history. Everyone knew it was coming months prior. 4. Whale traders in bear markets plan on short/dumping for a least 24-30 months straight after a top (unless we have a double top within the same year). I can't even fathom this happening right now with all the bullish announcements still to come. So I think anyone selling it all rn is going to be woefully out of position and sad over the next 6-12 months. Merit later, just spend my merits on the OP Replenish is a b*tch
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Toxic2040
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Activity: 1792
Merit: 4141
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April 24, 2021, 06:13:20 PM |
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Detailed word for a n00b like myself please thx And don’t be to toxic, have read WO’s can get a bit when we DIP +1 WOsMerit puhleeeeease Goose...dont make me laugh a noob...no...just no..you graduated long ago my friend as for as toxicity...well...no comment as for prognostication and voodoo charts...its amazing simple imho, and you already know what to do....hodl muthafuka On a serious note...with a woeful lack of irreverence imo... what I actually think is that we might see some consolidation(read dip) over the next month or two but come Q3 and Q4 and well into '22 the Bull will continue to be dominant I general like to steer away from specifics and focus more on the general trend...it suits my personal time frames as far as accumulation and distribution goes... --------- -snipped- Satoshi is gone for good. If he wanted to cash out, he'd have cashed out already. If he wanted to reassure the world that those coins are gone, he'd burn them by moving them to some known black hole address. Nooooooo! Satoshi would not spam the UTXO set. PSA: Never use burn addresses! They are bad for Bitcoin, bad for nodes, bad for scalability. If you want to destroy bitcoins, place them in the amount field of an OP_RETURN output. That is unspendable, according to consensus rules; thus, the output is pruned from the UTXO set. Auditors of Bitcoin’s supply typically also subtract OP_RETURN amounts from Bitcoin’s supply cap. The UTXO set size is one of Bitcoin’s biggest scalability issues (so to speak). Please don’t make it worse by polluting the UTXO set with bloat that nodes will need to track forever and forever. Be environmentally responsible! See how I irrevocably destroyed one satoshi in a sane and responsible way ( txid 000000000fdf0c61...).
Nulli..I like this post +1 WOsMerit -------- Apart from TA, on-chain analysts suggest this is the bottom as well, such as CryptoQuant, Glassnode and Willy Woo.
We might not have seen the absolute bottom yet, but I bet this price below $50,000 is going to be short lived.
And just to add to all of this good TA... If we take the TA out of the equation and just go by sentiment alone: 1. Average Joe public participation is still low, and overall volume extremely low. 2. Didn't see anything "parabolic" happen with Bitcoin. There was no blow-off top moment. 3. If the Coinbase IPO was the big "sell on the news" moment, then it was the absolute lamest moment in Bitcoin's entire trading history. Everyone knew it was coming months prior. 4. Whale traders in bear markets plan on short/dumping for a least 24-30 months straight after a top (unless we have a double top within the same year). I can't even fathom this happening right now with all the bullish announcements still to come. So I think anyone selling it all rn is going to be woefully out of position and sad over the next 6-12 months. +1 WOsMerit
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proudhon
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Activity: 2198
Merit: 1311
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April 24, 2021, 06:27:30 PM |
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I'm assuming everyone who know maths has entered extreme short positions in preparation for the cataclysmic death of bitcoin? Congrats to those who've divested wisely and at high margin. The sell walls are insurmountable.
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DaRude
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Activity: 2793
Merit: 1820
In order to dump coins one must have coins
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April 24, 2021, 06:33:43 PM Merited by JayJuanGee (1) |
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The British courts will fuck him up . Bring it on cobra... If you want to contribute to http://bitcoin.org's legal defence against's CSW's copyright claims over the whitepaper and alleged ownership of the domain. We have a donation address: 3E8ociqZa9mZUSwGdSmAEMAoAxBK3FNDcd. We can't let this continue. Fuck Craig. https://twitter.com/CobraBitcoin/status/1352231172210876416?s=20Not sure where Cobra stands financially? And would like to see OpenCryptoAlliance pitch in or combine it into one major case (class action?) against Faketoshi
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DaRude
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Activity: 2793
Merit: 1820
In order to dump coins one must have coins
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April 24, 2021, 06:59:13 PM |
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10 friends go out every day for dinner. The bill would be SEK 1,000. The bill was divided in the same way that taxes are paid. The first four - (the poorest) pay nothing; - the 5th pays SEK 10 - the 6th pays SEK 30 - the 7th SEK 70 - the 8th SEK 120 - the 9th SEK 180 - The 10th person (the richest) pays SEK 590. The ten friends ate dinner at the restaurant every day, happy with the deal. Until one day, when the owner of the restaurant gave them a discount. “You are such good customers. I give you SEK 200 off your dinners. ” Dinner for 10 people now costs SEK 800.
They still wanted to pay for the dinner the way taxes are paid in Sweden. The first four people were not affected. They were allowed to continue eating for free. But what would the other 6 do - those who paid? How would they divide the discount of SEK 200 so that everyone would get their share? They realized that SEK 200 divided by 6 would be SEK 33.33. But if they deducted it from each person's share, the 5th and 6th person would be paid to eat. The restaurant owner suggested that it would be fair to reduce each person's bill proportionately. He calculated the amounts each person would pay:
The result was that the 5th person also got to eat for free - the 6th had to pay SEK 20 - the 7th paid SEK 50 - the 8th SEK 90 - the 9th SEK 120 - the 10th person paid SEK 520 instead of the previous SEK 590. Everyone got a lower price than before and now the first five could eat for free. Outside the restaurant, they began to compare what they had saved. "I only earned a tenth of the discount!", The 6th person began. He pointed to the 10th person, "… but he earned 70 kroner !!!" - "Exactly, I also only saved ten", said the 5th person. "It's unfair that he got seven times as much as I did!" "It's true!" Shouted the 7th person. “Why should he get SEK 70 back when I only got SEK 20? The rich always gets the most! ”-“ Wait a minute ”, shouted the first four,“ We got nothing! This system exploits us poor! ”
The nine people scolded the 10th and called him a cold-hearted egoist, a capitalist pig, a bloodsucker who kicks those who lie down. The next night, the 10th person didn't come to dinner. The other nine said " how nice", sat down and ate. When the bill came, they discovered something. They couldn't pay it. SEK 520 was missing.
10th friend owns all 9 houses his friend live in and collects rent from them. He has more total wealth than his other 9 friends combined. On top of that every year 10th friend amasses more and more % of over all wealth, as the other nine own less and less. So the other 9 friends get together and say remember how things were more even with the tax rate 30yrs ago? Yeah lets make sure not come back to that as current trend is totally sustainable, instead let's just blame the friend who's poorer then you. 10th friend doesn't do anything and just buys more land Plot twist, back in high school, 9 friends screwed around smoking weed all day and gave the 10th friend wedgies for always doing his homework on time. Now they are all grown up and they want to go back to how things were 30 years ago when they weren't such losers. They want to fuck around and make their hard working friend pay for it. Taking stuff away from successful people to give it to less successful people is called socialism. Just because you can beat someone up and take their money doesn't mean it's a good way to run a society. It's immoral and has never worked in any country that has tried it. It doesn't help the poor people, it just hurts the rich people. Poor people will always be poor because they don't know how to be rich or are just unmotivated. You seem to be missing my argument so let me spell it out. I'm saying that, we have a runaway unsustainable indicator, wealth distribution is flashing red, we're at historical levels we've never been before, and trend continues in the wrong direction. 1st level resposes- It's not an issue, despite the fact that overall population is more educated then ever before, poor people are just lazy druggies, lets push the pedal to the metal. Anyone proposing solution to freeze distribution disparity at current levels or god forbid attempt to bring it back in line with what it was in the 70s is a dirty red commie bastard, and better be dead than red. <-- this is the group you seem to fall into 2nd level-yes it's an issue but we still have some wiggle room and the situation is not as dire as you make it out to be. We believe in solution X and are willing to keep the current trend hostage, keep the trend going until 1% owns Y% of total wealth or our solution is adopted ...or maybe those are very narrow and short sighted categorizations that very few people fit into. The issue is more complicated. I think you know that and are just playing dumb to justify the socialist talking points. The bottom 50% of humans currently have more wealth that any other time in history. The ones with a socialist agenda are using "wealth inequality" as a rallying cry to push their agenda which will tear down what the world has achieved. They use other rallying cries such as racism, sexism, hatred, etc. The goal is the same. Tear down our current system and build a new system (socialism) where everyone is "equal in outcome" despite their individual talents or efforts. This is not a new thing. Societies have tried socialism over and over throughout history because it seems like the "fair" thing to do and it has always failed miserably. It's pure evil and you should be ashamed to be a part of it. A wildly successful economy will have some wildly successful people and that should be celebrated rather than attacked. Nobody is building citadels. Most of that wealth sits in the companies everyone works for and benefits from. The agenda you're pushing will not achieve what you think it will. The more likely outcome is collapse of the system that everyone is benefiting from. It's not your fault you think like you do. I'm sure some well intentioned people thought they were doing you a favor by teaching you what they did, but it's a deeply flawed ideology. At some point you have to start thinking for yourself instead of just regurgitating the socialist talking points without any other analysis or insight.
Ah so instead of addressing the main issue, explaining how wealth inequality trend is sustainable and won't become an issue until 0.1% of ultra wealthy will own 99.X% of overall wealth, you once again childishly try to belittle and pivot the argument into a deadlock by character association? You add no value, ignored. Have a nice day
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nullius
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April 24, 2021, 07:07:01 PM |
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Red ink added by nullius:[...] like if you actually cared you'd be vegan already, considering that the meat industry is responsible for 30% of the world’s carbon emissions.
I will spell this out in modern language. Bitcoiners eat:🥩 🍖 🥓
“Bitcoin is a revolt against fiat money, and an all-meat diet is a revolt against fiat food.” $€🥬 → 🐑🐑🐑 → 🥩 The fuck is fiat food? Packaged poison that’s cheap to grow, easy to process in mass-production, and shelf-stable to support long supply chains. Viz., fodder for anthropoid livestock. (I thereby speak for myself, of course. If you want Michael Goldstein’s opinion, then you will need to ask him.)Bitcoin carnivory sounds dumb. I guess that money not backed by any government is the part that sounds dumb, yes? Our ancestors definitely were not on a primarily meat based diet, so it’s definitely not "natural". Speak for your own ancestors. Perhaps between hunts for fresh meat, mine were conquering yours to capture slaves, women, and gold. (Or perhaps I may be a mutant. I am never quite sure whether I am a new species, or an atavism from the time before modern evolutionary degeneration.) If anything eating only meat is the most unnatural thing you could do, considering the practices of animal agricultural industries. You sound like a city slicker. Who said anything about the industrial meat business? Protip: Range-grazed meat tastes better. All of the freedom and happiness that the meat enjoyed whilst alive makes it juicier and more delicious. Sheep are delicious. So are their opinions.
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Karartma1
Legendary
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Activity: 2310
Merit: 1422
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April 24, 2021, 07:24:04 PM |
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I'm assuming everyone who know maths has entered extreme short positions in preparation for the cataclysmic death of bitcoin? Congrats to those who've divested wisely and at high margin. The sell walls are insurmountable.
Good to see you here, you are the best bullish indicator
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nullius
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April 24, 2021, 07:32:21 PM Last edit: April 24, 2021, 08:51:56 PM by nullius |
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Saved it, then fucked it. It was like deflowering a virgin. Toxic, please start over with a new account now. Thanks.
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AlcoHoDL
Legendary
Online
Activity: 2366
Merit: 4181
Addicted to HoDLing!
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I think it all depends on what one considers "Bitcoin dust"... For most, this could be < 0.001 BTC. For many it could be < 0.1 BTC, and for some it could be < 1 BTC or even < 10 BTC...
Usually, the term "dust' is used for inputs that lower than (or close to) the fee it takes to send them. I take it that's not the definition you're using Yes, I did use the term "Bitcoin dust" quite liberally. Perhaps, a more appropriate term would be "change" or "pennies" or any amount one does not care much about, in comparison with their main stash. The few things I regret are some small (at the time) purchases using BTC, which are now worth thousands of USD.
Looking back, I've spent a small fortune on daily items. But I like to think of it this way: the more expensive those expenses get, the more my hodlings increase in value. So I've supported the Bitcoin economy while actually using it as electronic money, and I'm still better off because of the increase. Every time I say that I regret using BTC for purchases, I can't help but feel like I'm "betraying" Bitcoin by not supporting its use as money. Laszlo Hanyecz comes to mind. At the same time, Bitcoin has become so important and so valuable as an asset, that spending it on petty purchases just doesn't feel right anymore. It's like cutting a piece of gold from a gold bar to pay for your weekly supermarket shopping. I'd rather use fiat for that. Perhaps, there may come a time when the mere ownership (and not the spending) of Bitcoin will grant the owner special privileges. Bitcoin is just too precious to spend, unless absolutely necessary.
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cAPSLOCK
Legendary
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Activity: 3738
Merit: 5127
Whimsical Pants
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April 24, 2021, 07:50:26 PM |
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good morning all... charts #dyor 1h 4h D W #stronghands Good to see you posting more...
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nullius
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...whenever I go to a strip joint. Ah, Bunny. I’ve been intending to inquire, who is this? I am asking for a friend. He is performing academic sociological research on the bodily semiotics employed by whatever porn stars are popular nowadays. For the sake of science, please sauce this girl. Thanks. * nullius trolls WO “for the articles”. A youngish Ava Addams. Thanks. So, does she do Bitcoin? Forget what I said about “science”. This is the important question! Not sexy:It`s actually Michelle Wild. She hasn`t been active for years, though. So no btc-option (or any other) - most likely Thanks. Interesting. This one has a Wikipedia page. I must now retrain the facial recognition AI that I use as a visual classifier for distinguishing human-shaped objects. This research is of utmost import—not for science, but for art. For you see, as a developer of bespoke enterprise solutions, I do not seek to buy COTS porn! Rather, when I ask, “does she do Bitcoin?”, the reason is that I want to film a girl literally doing Bitcoin. (Use your imagination.) Well, it is for science, too: I also need a creative way to test empirically whether or not a Ledger is water-resistant. (Use your imagination...) If the test fails, then I may need to recover her with my... seed phrase. The wallet, I mean. No way will Michelle be let to know my cryptographic secrets! Although, switching topics, I think that she and I could give new meaning to the term generative adversarial network.
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Toxic2040
Legendary
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Activity: 1792
Merit: 4141
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April 24, 2021, 08:07:22 PM |
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the noon wall report at 1:07pm #dyor 1h 4h #stronghands --------- *edit hey CAPS feels good to be posting again
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