Moon time.
Oops. Disregard. Carry on.
My bad.
Sorry.
I tried.
EDIT: ... but on the bright side, holy fucking shit is my $30 daily DCA doing very well since I started.
How is this idea
Huobi market shows that BTC fell below 33500 USDT and now stands at 33499.5USDT, a drop of 4.84% in 24H.
So?
How about this miners that have gear are whaling.
The farm I manage used to earn 1700 x .00000480 = 0.00816 btc a day or 522 usd when coins were 64k
now It earns 1700 x .00000922 = 0.015674 btc a day or 523 usd a day today
For all non-Chinese farms this is a golden opportunity that has never occurred til this year.
....
I suspect that the gear shutdown was not done in China against the Likes of Bitmain,Cannan/Avalon,Innosilicon,WhatsMiner/Microbt
My guess is they engineered the shut down because they have no gear to sell due to the chip shortage.
So if you own a 17eh farm bitmain claimed to have that it was making:
17,000 x 0.0048 = 81 coins a day
now it makes
17,000 x 0.0092 = 156 coins a day
They only needed to have a few farms out of china to do this.
We know this
1) no new gear due to a lack of chips =
true2) bitmain claimed to have 10% of the world hashrate =
true3) at least 1 large cloud farm viabtc shut down =
true4) bitmain + viabtc had that farm as a joint venture =
true5) 50% of the worlds hash in btc is shut off =
true6) almost 50% of the world hash in ltc+doge is shut off=
true7) before the shuts downs bitmain claimed to have 10% or btc hash=
true8 ) miners with farms outside of china are earning same cash but 2x the coins =
truethe only thing we do not know is where is the 17eh that Bitmain claimed to have. =
trueIf it was outside China this is all a huge bull move on their part. =
true.
So it all bears a lot of watching to see if it is the most amazing bull coiling for a
moon shot in price. Well over the old 64k high!
I cleaned up typos and pulled out the shit coin info. From my other post in a different thread.
My hope is this posts ages very well.
oh I have a $50 usd DCA for BTC along with the mining we do.
Just to put in my superficial 2 satoshis assessment for some members to attempt to identify and appreciate what might be better practices.
If guys are generating income in bitcoin (or even shitcoins that they are cashing into fiat) on a regular basis, it makes quite a bit of sense to set up a regular DCA, whether that be daily, weekly or some other period of time that is reasonable for such a person that is attempting to ongoingly aggressively stack satoshis. Hopefully, there is no real immediate need to have those dollars to be liquid in the coming years, even if we might consider 4 years as our current considerations for new money that is put into bitcoin. Of course, there is still some questioning regarding whether our BTC top is yet in for this particular, and sure our current top is $64,895, and of course there is a lot of theorizing (perhaps even the majority of the louder voices that are making such claims that the "top is already in."
Many of us longer bitcoiners are taking such claims of the "top already being in" with a considerably large grain of salt, even though we are being accused of talking our books too.. so even though none of us really appreciate being accused of talking our books, there still does seem to be a considerable amount of evidence that the fat lady has not yet sung for this particular cycle... but time will tell, won't it.. and we should have some pretty good ideas by the end of this calendar year (and sure we should likely know sooner, but who knows around here), and sure we might not even get confirmation until the next calendar year (referring to 2022), and so I am not going to be surprise about any of those kinds of delayed (pumpening) scenarios playing out and attempts to suggest (or assert) that all previous (and seemingly currently valid) BTC price prediction models are all wrong, but likely when we zoom out and we attempt to see the same picture, we will likely find that the BTC price performance pattern is not really very far off of the currently valid BTC price prediction models, even though we have difficult times being able to figure out where the fuck we are at while we are in the midst of the progress of exponential s-curve adoption or whatever other blah blah blah that happens to be our reality that we are being told is "not happening" - even though it is. hahhahahaha... sucks to be a no coiner or one of those smarter than everyone else fucktards that are going to end up buying their coins in the supra $200k arena because they thought that $35k was too expensive.
Just want to also say that regarding the guys who are also pretty big whales, but probably sold too many coins at various points in the $16ks or whatever, sure there might be some regret so you engage in a dollar cost averaging to buy back coins, but part of the fact of the matter still exists that sometimes we may end up selling way too many coins way too soon, and I am not completely sure if DCAing is the resolution of that rather than just living with the consequences of those kinds of earlier sales. Each of us should be trying to figure these matters out for ourselves, and I do understand that sometimes even mistakes that I have made along the way such as not securing some of my coins well enough end up in real BIG losses, but in the end, some of the other aspects of BTC prices going up 5x or 6x and then correcting to ONLY 3.5x correction zone can make even large mistakes (such as losing 30% or more of your BTC stash) showing your overall BTC collection as still profitable, because instead of being 3.5x in profits with BTC prices in the $34ks to $35ks, you are ONLY 2x in profits (or something like that). I guess my point is that sometimes mistakes are made and guys might be profitable as fuck, but might be trying to hold themselves out as a kind of genius, but bitcoin's level of profitability does cause a lot of us appear to be kind of like geniuses even though we made a lot of mistakes along the way that should not really be considered best practices, but might be a decently adequate mitigating of losses approach given whatever mistakes that we had made earlier.
Hopefully, many of us are here to try to learn from our mistakes and the mistakes of others in order to lessen the likelihood that we are making mistakes, even though we may well not be able to eliminate all of our ongoing mistakes - even here there may be some guys who are way more allocated in cash than they should be because they are placing a higher than rational probability that BTC is going to go below $20k or something like that, and even though they would become quite well off if BTC prices do actually go below $20k, they are likely putting too much value on that bet which causes their play to be more like gambling on down rather than adequately pee paring their lil selfies for UP... which has tended to be a common mistake in times like these...
I spoke to an admittedly no-coiner in-law of mine in the past couple of days and we came to a bit of a logger head when he actually admitted that he was a no-coiner, but he bragged about getting into BTC and various shitcoins at around $20k (and thinking that he may have been more heavily into shitcoins, but kind of avoiding getting into too many specifics with him because he did say he gained on some lost on some but overall he had gained) and then he got out in the $50ks or something and he is feeling so smart because he is purporting to NOT be in anything - even though I told him that I don't play like that and I am in bitcoin and have a long term approach.. but sure he will be feeling smug if the BTC prices go down to sub $25k or whatever might happen to be his reentrance price point, or maybe a passage of time in the $35ks of 6 months or more, he might be willing to get back in at $30k.. because he is so smart, you know. .. so then when I am just sitting back and just HODLing my BTC and they might be going down in value if the price drops, he is not worried about the price dropping, but he has no current level of preparation for UP, and he does not feel any strong urge to prepare for UP either because he has got a vision that may well end up playing out and cause him to be able to get more bang for his buck and in the meantime have more assurance that when he does actually get back in that his bet on UP at that point is going to be solid... so I cannot proclaim that I know, except to say that a lot of smarter than everyone else have missed out on profitable bitcoin days (which might not be too many per year) when they wait out matters.. and from $10k to $20k was no laughing matter to say that you got in at $20k rather than already having had been in at $10k.. so the future can play out in ways that we are not really able to tell at this point, but we have seen bitcoin go on an upward tear, and before you know it sub $50k is not possible anymore even though we have already been floating in the mid $35ks for more than 6 weeks already (which can end up being a blip of time in the whole scheme of things).
Poll
